The Business Times, 8 January 2009

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Total Pages: 32
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg •V A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Thursday, January 8,2009
    23 words
  • 618 1  -  ANNA TEO S*BIO hooks up with Nasdaq company in cancer drugs By [SINGAPORE] In a US$55O million deal that puts a Singapore firm on the global biomedical research and development (R&D) map, homegrown S*BIO is selling licensing rights to Nasdaq-listed Onyx Pharmaceuticals
    618 words
  • MARKETS DIGEST
    • 41 1 1COMP 927.62 +5.39 IIKKEI225 9,239.24 +158.40 1ANG SENG 14,987.46 -522.05 ;et index 462.96 -10.19 JAKARTA COM P 1,421.47 -14.07 IANILACOMP 2,003.89 +34.31 ;eoulcomp 1,228.17 +33.89 ;henzhen b 287.11 -0.07 IUMBAI IND 9,586.88 -749.05 11AM EST Change )OW 8,833.74 -181.36 IASDAQ
      41 words
    • 29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.51 HONG KONG 5.00 INDONESIA 16.704 TAIWAN 6.316 JAPAN 1.675 KOREA 9.33 BRITAIN 2.00 US 3.25 CANADA 3.50 SWITZERLAND 2.02 INDIA 13.00 Source:
      Bloomberg  -  29 words
    • 45 1 IS$ (S$ per US$) 1.470 (US$/S$ per 1.493 2.194 ;URO (US$/S$/E) 1.358 1.997 Foreign currency per US$ S$ 'EN 93.50 63.60 3.497 2.379 IK$ 7.753 5.274 !AHT 34.81 23.68 lUPIAH 10,750 7,313 lENMINBI 6.831 4.647 INDIAN RUPEE 48.58 33.05 1.385 0.942 IZ$ 1.678 1.141
      45 words
  • 770 1  -  AMIT ROY CHOUDHURY Ramalinga Raju quits after dropping bombshell that rocks Bombay stock market By [SINGAPORE] In a stunning development, the founderchairman of Satyam Computer Services, a superstar in Indian IT services, has resigned after admitting that he falsified accounts and assets. The
    770 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 67 1 P[j US ECONOMY BizlT PROPERTY ART OF WAR I I Seven-step dance Apple drops curbs for More than half of high-end Zap for Sun Tzu's strategies! h S to help US recover digital music downloads condos unsold: CBRE Win an Egg Pod chair! w\| PAGE 30 PAGE 32 PAGE 10
      67 words

  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 76 2 IN a stunning development, the founder-chairman of Satyam Computer Services, a superstar in Indian IT services, has resigned after admitting that he falsified accounts and assets. The confession yesterday by Ramalinga Raju sent the shares of the Indian software services provider crashing by
        76 words
      • 45 2 IN a US$55O million deal that puts a Singapore firm on the global biomedical R&D map, homegrown S*Bio is selling licensing rights to Nasdaq-listed Onyx Pharmaceuticals to develop and market two of its cancer drugs. FRONT PAGE
        45 words
      • 79 2 THE first mortgagee sale of a bungalow on Sentosa Cove an upscale waterfront housing haunt that was all the rage among well-heeled investors during the bull run could be in the works. BT understands that a permanent resident who developed his bungalow on
        79 words
      • 52 2 CAPITALAND shares made another pullback yesterday, shedding 8.2 per cent in price on market speculation that it is planning a rights issue. In response to queries, the property group said after the market closed that it will not comment on market rumour. COMPANY NEWS,
        52 words
      • 73 2 DELONG Holdings, which put hundreds of workers on unpaid leave last October and shut several blast furnaces in China, yesterday said it will be reporting a loss for the full year ended Dec 31, 2008. The Singapore-listed Chinese steel company said given
        73 words
      • 72 2 REGIONAL demand for petrochemicals is starting to stir, after a disastrous fourth quarter last year when it plunged by as much as half for some products, industry officials here say. But hopes of a rebound may be short-lived as the market is expected
        72 words
      • 66 2 JAPAN'S government is looking at a plan to inject public funds into 40 or more regional banks, whose capital bases are being hurt by rising bad loans amid the financial crisis, the Mainichi newspaper reported yesterday. It may also seek to
        66 words
      • 46 2 MALAYSIAN exports in November declined by 6 per cent on a year-on-year basis and 3 per cent on a month-on-month basis, indicating that the world financial crisis had begun to bite into the country's real economy. MALAYSIA/INDONESIA, PAGE 15
        46 words
      • 57 2 FIFTY-FIVE per cent of about 2,200 units in luxury projects launched by developers between 2006 and 2008 remained unsold in November 2008, according to CB Richard Ellis. And the property consultancy is tipping a 10-15 per cent fall this year in the
        57 words
    • 745 2  -  KALPANA RASHIWALA Bungalow owner defaults on mortgage payments, sale may follow By [SINGAPORE] The first mortgagee sale of a bungalow on Sentosa Cove an upscale waterfront housing haunt that was all the rage among well-heeled investors during the bull run could be in
      745 words
    • 1120 3  -  VIKRAM KHANNA It may take six months to work, but Asia will not feel impact until 2010 By [SINGAPORE] The US$l trillion economic stimulus package proposed by US President-elect Barack Obama will likely succeed in spurring a recovery in the US economy, although it
      YEN MENG JIIN  -  1,120 words
    • 448 3 -AP, Bloomberg Over a dozen countries hit amid freezing cold [KIEV, Ukraine] Russia shut off all gas supplies to Europe through Ukraine yesterday leaving more than a dozen countries scrambling to cope during a winter cold snap. Prime Minister Vladimir Putin
      -AP, Bloomberg; REUTERS  -  448 words
    • 1138 3  -  B Ramalinga Raju The following is the text of the letter of Satyam chairman Ramalinga Raju, in which he admitted that he had falsified the company's accounts. References to the Indian numerical system of crores and lakhs have been converted to the western system. To the
      1,138 words
  • Page 2 Advertisements
    • 400 2 Hmm^H! Compliance Programmes 2009 The University of Manchester from the International Compliance Association International Compliance Association Manchester Business School Excellence fhrough Education Money Laundering Compliance Financial Crime Prevention The ICA is the Lead Provider of Financial Industry Competency Standards (FICS) Training and Assessment Programmes in Compliance appointed by The Institute
      400 words


  • COMPANY NEWS
    • 545 4  -  UMA SHANKARI Property group says it will not comment on such market speculation By CAPITALAND shares made another pullback yesterday, shedding 8.2 per cent in price on market speculation that it is planning a rights issue. In response to queries, the property group said
      AFP  -  545 words
    • 405 4  -  EMILYN YAP By MOST Singapore-listed real estate investment trusts (S-Reits) chalked up gains yesterday as news of Capita Commercial Trust's (CCT) $580 million loan allayed refinancing concerns facing the sector. Fourteen out of 21 Reits closed higher. The FTSE ST Reit Index rose
      405 words
    • 901 4  -  KALPANA RASHIWALA PROPERTY consultancy groups have issued reports over the past couple of weeks reporting declines in Singapore residential property values, especially for the high-end segment, in 2008 with pretty grim prognoses for 2009 too. This will mount pressure on listed
      YEN MENG JIIN  -  901 words
    • 721 5  -  YEN SREENIVASAN An SFI-Country Foods entity seen as a sizeable regional player By AN integrated pan-Asian food giant with a footprint stretching from India, through South-east Asia and into China. That is the vision of Frankie Tan, founder and CEO of
      FILE PHOTO  -  721 words
    • 713 5  -  JAMIE LEE By MISSING financial reports, fears of fund misuse and squabbles among board directors dogged Alphomega Research Group in the five months after the company was quoted on OTC, the director of OTC claimed in court yesterday. These issues eventually led OTC to
      713 words
    • 455 6  -  ANGELA TAN It says steel demand has seen gradual recovery, driven by China stimulus plans By DELONG Holdings, which put hundreds of workers on unpaid leave last October and shut several furnaces in China, yesterday said it will be reporting a loss
      455 words
    • 382 6 Bloomberg NOBLE Group Ltd, a Hong Kong-based commodity supplier whose shipping unit is being sued in California after an oil spill, says the business is insured for such claims. The suit includes claims for clean-up costs and damages to natural
      Bloomberg  -  382 words
    • 612 6 Reuters SINGAPORE property fund manager ARA Asset Management plans to launch country-focused funds for China, India and Japan to take advantage of declining real estate prices that it expects will bottom in late 2009. ARA, partly owned by Hong Kong tycoon
      – Reuters; FILE PHOTO  -  612 words
  • Page 4 Advertisements
    • 15 4 E/T/oy up to -^^"^SSB savings on more L than 500 J t^ permium wines! j«
      15 words
    • 711 4 w MATS •^r^ J_^l V^>/ X. Xv^-LjLJ Toll free: 1800-289-8822* Email: notices@sph.com.sg www.cats.com.sg in the matter of IN THE MATTER OF IN THE MATTER OF notice of amalgamation In the Matter of FGS T^td °NAL THE COMPANIES ACT, THE COMPANIES ACT, CHAPTER 50 NO tice is hereby given The Companies
      711 words

  • Page 5 Advertisements
    • 122 5 For more information please visit www.porsche.com.sg What line has been given special attention in its design? The line of descent. The Boxster S Porsche Design Edition 2. j^j-^p^^^,^^ A clear line when it comes to environment-friendly performance too. Thanks to efficient Porsche Centre Singapore drivetrain, light-weight construction, sophisticated aerodynamics, low
      122 words

  • Page 6 Advertisements
    • 153 6 UfJ FIND THE ONES THAT FIT! h^l-p f^^ Recruit the right people through CATS Recruit. —v C°l a" or ema" recruit@sPh-com-s<J to advertise, "ATMD BIRD BIRD We are delighted to announce that we have entered into a global association from 2009 Alban Tay Mahtani de Silva LLP is now known
      153 words

  • Page 7 Advertisements
    • 283 7 First Sign International Holdings Limited Changes Company Name to Brighton Petroleum (Holdings) Limited Contributing to Harmony by Gathering Energy Tapping Into Oil Bunkering Business Adding New Momentum to Brighton Petroleum Brighton Petroleum (Holdings) Limited, ("Brighton Petroleum" and its subsidiaries, collectively, the "Group", stock code: 933.HK) mainly engages in the sale
      283 words

  • SINGAPORE MARKETS
    • 560 8  -  R SIVANITHY STOCKS STI ends another 33 points down after rising over 40 points in the morning in tandem with HK INVESTORS sold into strength yesterday, most probably in anticipation of Wednesday weakness on Wall Street. The Straits Times Index (STI) displayed its
      Bloomberg  -  560 words
    • 96 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 6 6 3 0 0 0 6 6 3 lanufacturini 41 67 62 10 46 71 72 Commerce 20 15 25 24 17 29 'pt/Stor/Comms 21 10 21 10 :inance 19 12 19 12 Construction 'roperties
      96 words
    • 112 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 26,853 26,853 94,131 94,131 lanufacturing 626,629 45,347 671,976 279,018 1,403 280,421 lommerce 91,379 34,263 125,642 94,833 6,303 101,136 'pt/Stor/Comms 156,968 183 157,151 214,668 214,678 :i nance 66,440 66,440 442,899 442,899 lonstruction 42,889 12,946 55,835 3,605 160 3,765 'roperties 153,921
      112 words
    • 104 8 lapitaLand 3.120 -0.280 Noble Grp 1.200 +0.020 lapitaMall 1.790 +0.080 OCBCBk 5.300 jtyDev 6.850 -0.300 Olam 1.300 -0.100 losco Corp 0.965 -0.035 S IA 11.400 -0.220 IBS Grp 9.460 -0.100 SGX 5.650 -0.050 :&N 3.130 -0.240 SIAEngg 2.100 Sent Intl 0.470 -0.005 SPH 3.100 -0.020 iolden
      104 words
    • Article, Illustration
      936 8  -  CONRAD TAN Singapore Exchange Jan 7 close: $5.65 DMG Partners Securities, Jan 7 WEAK December market turnover: Stockmarket average daily turnover (ADT) was $1.07 biUion for the period of October-December 2008, sharply lower than the $1.29 billion for the July-September period. The December ADT of $0.79 billion is
      Source: Bloomberg  -  936 words
    • 513 8  -  LARRY WEE CURRENCIES HIGHER-RISK currencies surged on the back of more Wall Street gains in Asia yesterday, as a return in risk appetite whetted buying interest for everything from South Korean stocks and Indonesian debt issues to commodity-backed currencies Down Under. The
      : Reuters  -  513 words
    • 4 8 DAILY
      4 words
    • 59 8 CLOSE BT OB/OS 460.00+14.00 BT CADI -*****.00 -23.00 BT 10-day MA -*****.00 +46.00 FTSE ST Mid Cap 384.44 +0.04 FTSE ST Small Cap 316.17 -1.54 FTSE ST All Share 451.61 -6.31 FTSE ST China Top 204.94 -2.62 FTSE ST China 203.20 -2.63 UOB Catalist 77.57 +0.18 SIMSCI
      59 words
    • 64 8 VOLUME Golden Agri 341,701,000 China Honqxinq 123,922,000 Straits Asia 79,468,000 Cosco Corp 52,267,000 Capita Land 45,906,000 China Sports 45,816,000 Noble Grp 42,711,000 IndoAqri 38,222,000 Jade Tech 36,178,000 Chart SemiCond 32,205,000 VALUE(S) DBS Grp 189,966,700 Capita Land 152,466,148 Golden Agri 108,310,035 Straits Asia 76,477,180 DBS R 72,336,520 Keppel
      64 words
    • 106 8 BY CENTS CLOSE UP 8508 323.2 2.7 GLD 10US$ JSH 1150 99.9 6.3 JMH 2078 94.0 3.2 Mala' ia 10US$ 503 86.7 13.3 STXPO 100 1086 54.0 5.2 CIMBAsean40 100US$ 538 33.8 4.5 DBS MBL iCW*****3 85 18.0 26.9 Korea 10US$ 261 17.6 4.8 Jardine C&C 1072 16.0 1.5
      106 words
    • 113 8 10 CLOSE DOWN 883 -64.0 -6.8 India Ni China H 10US$ 1084 -60.2 -3.6 MS India 10US$ 769 -57.3 -4.8 UOB 5.05%NCPS 100 9380 -40.0 -0.4 Venture Cor| 423 -38.0 -8.2 SIA 200 1144 -32.0 -2.7 ISMSCI India 100 347 -30.9 -5.7 At 685 -30.0 -4.2 OCBC Bk4.5%NCPS 100
      113 words
    • 87 8 Jan 7 CLOSE CHNG FR Jan 6 YR 2008/2009 S$ LOW S$ HIGH USS 1.4745 0.23 1.5346 1.3457 Euro 2.0033 -0.91 2.2064 1.8640 Pounds 2.1907 -0.79 2.8431 2.0663 AS 1.0637 -1.43 1.3251 0.9068 Yen* 1.5843 -0.43 1.6899 1.2619 Rupiah* 0.***** -1.60 0.***** 0.***** Baht* 4.2322 -0.43
      87 words

  • US ECONOMY
    • 990 9 NYT, LAT-WP Policymakers fret over deep recession, deflationary spiral capsizing US economy [WASHINGTON] Policymakers at the Federal Reserve appeared almost stunned by an economy that was sinking faster than they had expected on almost every front in December, so much so that they even
      – NYT, LAT-WP; REUTERS  -  990 words
  • Page 9 Advertisements
    • 62 9 BBBi %^A *^l P*vm blbbbW\ f<^\ wj s—'V *^v^\ v ii" ti» cjiuL 4 m H^^^S^nSS^' ~^=f^ r ft -4 -^^^^i^i-~^ "•^■s^^ eft ~Mtrtfifl M^^^^^ji^^jj Vb ii ii iL^=^S«£-^- "Tllpiiig?^^"^""^"—.f- igßk tVif.^OU* 14 tt\ -^jL^l^ bbl^^^^^^^^^bT ""^n^*^ -j ..^iLtf^Kifll m^J^^jt Ji bbbp^bbbbP^b^B^^pl i =^3 VOLVO E-, RACE spoors one 15^
      62 words

  • SINGAPORE NEWS
    • 535 10  -  RONNIE LIM But market seen turning for the worse in H2 when new plants start up By REGIONAL demand for petrochemicals is starting to stir, after a disastrous fourth quarter last year when it plunged by as much as half for some products, industry
      FILE PHOTO  -  535 words
    • 239 10  -  VICTOR KATHEYAS They will focus on developing antibody based therapies By AGENCY for Science, Technology and Research (A*Star) consortium the Singapore Immunology Network (SIgN) will work with French biopharmaceutical company Humalys to accelerate the development of antibody-based therapies and possibly new drugs to
      239 words
    • 245 10  -  KEITH CHEE By FROM Jan 12, Singaporeans travelling to the United States under the Visa Waiver Program (VWP) will need to obtain authorisation through the Electronic System for Travel Authorisation (ESTA) before entering the country. Under the VWP Program, Singaporeans can enter the US
      245 words
    • 430 11  -  SAMUEL EE Only Cat B, for cars above 1,600 cc, is higher; rising $433 to $3,089 By COE premiums have continued to fall, as the twin realities of recession and tighter credit sink in further. In the first bidding exercise of 2009 yesterday, a
      FILE PHOTO  -  430 words
    • 257 11 S'pore is 2nd in media usage and ownership SINGAPORE has the world's second-highest rate of ownership and use of entertainment media technology, behind the Philippines, according to a Nielsen survey. In the biannual Nielsen Global Online Survey in September 2008, 26,000 online users were polled in 52 countries, including 500
      257 words
    • 453 11  - Ascott CEO debunks notion of 'glass ceilings 1 TEH SHI NING By WOMEN should not make the notion of a "glass ceiling" an excuse when they face obstacles in their career, Ascott Group president and CEO Jennie Chua told 25 female undergraduates from Singapore Management University. It is far more
      FILE PHOTO  -  453 words
  • Page 10 Advertisements
    • 594 10 a WH Our qualified professionals fr^jfr/^JE/ can assist you with offshore p| J structures, shelf companies and incorporations in ALL jurisdictions including: British Virgin Islands e^U^^^^^^L Cayman Islands I Bahamas Kj^^H &2*JTil^l^ Seychelles Hongkong Samoa r^^^^^ Full nominee, management, secretarial, banking and corporate Employee remuneration reporting IB Kj seminar and
      594 words

  • Page 11 Advertisements
    • 157 11 EXPERIENCE LIFE AT THE EXTREME AND WIN CASH! 8 TO 18 JANUARY 2009 111 w_ A Visit 'he Volvo Ocean Race Village at I i i^T^Tl *%tk ONE°IS Marina, Sentosa Cove and stand Wtl I i Hlj SMI 'Terms and conditions apply. ri J i i%fc. RACE VILLAGE MAP I
      157 words

  • SINGAPORE INTERNATIONAL
    • 636 12 Despite current slowdown, there are investment opportunities, especially in services, IE Singapore tells CHUANG PECK MING SINGAPORE companies have a lot at stake in China U5536.83 billion in direct investments as at October 2008. And a big chunk of these investments is in eastern
      636 words
    • 730 12  -  CHUANG PECK MING J A Ik I/"LI Al By SHANGHAI HISTORICALLY a commercial and financial hub, Shanghai today accounts for 5 per cent of China's GDP, which was estimated to be U553.25 trillion in 2007. It produces 8 per cent of the nation's
      AFP, FILE PHOTO, XINHUA, BLOOMBERG  -  730 words
    • 510 13  -  CHUANG PECK MING With more than half of its plants there, the firm is planning to offer integrated water recycling and desalination facilities Reports by SINGAPORE-BASED water company Hyflux has eastern China well covered. More than half of its 44 China plants
      510 words
    • 454 13 VENTURING into eastern China in 2009 will be quite a challenge, says Tay Eng Kiat, chief executive officer of Ascendas China. There's a global recession that is likely to cool China's economic growth. Chinese exports are already hit and things will probably worsen in the
      454 words
    • 540 13 A FREE Trade Agreement (FTA) is a legally binding agreement between two or more countries to reduce or eliminate barriers to trade and facilitate the cross-border movement of goods and services between the parties' territories. FTAs help strengthen business by eliminating or
      540 words
  • Page 12 Advertisements
    • 192 12 With a global network spanning over 30 cities, IE Singapore takes your RHelj r^^^^^rftSmßiJwiHfft* llw*ts IwlHfilrunHli business further. L^jELJ MjiUJU M fIMUh From Abu Dhabi to Moscow, Hanoi to Sao Paulo, International Enterprise (IE) Singapore's presence 'J L—J Li v JmU mjk~~[ V~iin over 30 leading cities around the world
      192 words

  • Page 13 Advertisements
    • 288 13 \tu The Business Times I SINGAPORE Singapore Singapore International a fortnightly series brought to you by IE Singapore and The Business Times. IE Singapore is an agency under the Ministry of Trade and Industry promoting the overseas growth of Singapore-based enterprises and international trade. www.iesingapore.com iePartnership Jjlfe, Seminar 2009 m^^
      288 words

  • ECONOMY WATCH
    • 494 14 Reu:ers Capital gains tax for foreigners investing in firms through funds may be axed [TOKYO] Japan's government is looking at a plan to inject public funds into 40 or more regional banks, whose capital bases are being hurt by rising bad
      Reu:ers  -  494 words
    • 718 14 Reuters Euro dives against dollar as deep ECB rate cut looks likely [BRUSSELS] Eurozone inflation plunged more than expected to a 26-month low in December as the economy slowed sharply, data showed on Tuesday, knocking back the euro on expectations of a deep ECB
      – Reuters; REUTERS; Eurostat, AFP  -  718 words
    • 569 14 Bloomberg [BERLIN] German unemployment rose for the first time in almost three years in December as the labour market caught up with an economy that shrank during most of 2008. The number of people out of work, adjusted for seasonal swings, rose
      Bloomberg  -  569 words
    • 519 14 Reuters [BANGKOK] Thailand's new government yesterday said that it would retain most of the short-term stimulus measures of a previous administration but gave few details of additional spending it plans with the aim of averting recession. The government will provide free water
      – Reuters  -  519 words
    • 364 14  -  MARTIN HUTCHINSON By BY accusing Google of pornography, China has opened a new protectionist front. Global protectionism in the 1930s worsened the Great Depression. President-elect Barack Obama must avoid protectionist "Buy America" provisions now, partly because the real danger of a trade war may come later, if
      364 words
  • Page 14 Advertisements

  • MALAYSIA/INDONESIA
    • 391 15  -  S JAYASANKARAN Decline across all sectors but November still sees a trade surplus By in Kuala Lumpur MALAYSIAN exports in November declined by 6 per cent on a year-on-year basis and 3 per cent on a month-on-month basis, indicating that the world financial
      391 words
    • 367 15 Bloomberg [KUALA LUMPUR] Malaysia will sell a record amount of bonds this year to fund economic stimulus spending and may offer its first foreign-currency bonds since 2002, according to CIMB Investment Bank Bhd. The Finance Ministry will probably sell a
      Bloomberg  -  367 words
    • 640 15 Bloomberg Drop to 8.75% from 9.25% biggest since December 2006 [JAKARTA] Indonesia's central bank cut its benchmark interest rate for a second straight meeting and trimmed its inflation forecast after consumer prices rose the least in six months. Governor Boediono and his seven colleagues
      Bloomberg; REUTERS  -  640 words
  • Page 15 Advertisements
    • 1122 15 Call 6-594 7593 now for the Payroll Specialists PAYDAY! Payroll Serve time to relax www.PayrollServe.com.sg w<^( ffz-vrT/^r n 1011^1800-289-8822 NOTICE S Email:"tsrg 4 %^KI A IN THE MATTER OF L^3 LJ L^HLa V |L.r\A THE COMPANIES ACT, CAP. 50 I^W mtm^ m aß l#ta CNA GROUP LTD. AND IN THE
      1,122 words

  • GREATER CHINA/INDIA
    • 421 16 Bloomberg Falling interest rates, sliding yuan have led to cash exodus as investors venture elsewhere [BEIJING] China's central bank and foreign exchange regulator on Tuesday warned of rising risks to the nation from "abnormal" capital flows caused by the worst financial
      – Bloomberg  -  421 words
    • 680 16 Xinhua [CHANGSHA] Even at midnight, Jiefang West Road, a bar street in Changsha, Hunan Province, is still crowded. A first-time visitor wouldn't think that the economic slowdown was having any impact on this well-known nightspot. Changsha, home to "Super Girl" the
      – Xinhua; REUTERS  -  680 words
    • 369 16 Bloomberg Up to US$4l b of spending seen from building networks [SHANGHAI] China issued licences for high-speed wireless services yesterday, clearing the way for as much as US$4l billion of spending on so-called third-generation networks as the government seeks to bolster the
      Bloomberg  -  369 words
    • 239 16 -AP [BEIJING] Bank of America Corp raised more money yesterday to cope with the US economic turmoil by selling part of its stake in China Construction Bank Ltd, China's second-biggest commercial lender, for US$2.B billion. Bank of America sold 5.62 billion China Construction
      -AP  -  239 words
    • 864 16 Reuters NEWS ANALYSIS [MUMBAI] India could cut interest rates by another 150 basis points by mid-2009 as authorities fight to prop up sagging growth, but the central bank is unlikely to seek zero rates like the United States and Japan even as
      – Reuters  -  864 words
  • Page 16 Advertisements

  • ASIA-PACIFIC/WORLD
    • 560 17 Marks Spencer closes stores, cuts jobs Reuters Its biggest fall in sales for a decade adds pressure for interest rate cut [LONDON] Marks Spencer, Britain's biggest clothing retailer, will cut jobs and close stores after a sharp fall in sales that added to pressure on the Bank of England to
      – Reuters; BLOOMBERG  -  560 words
    • 573 17 -AP [WASHINGTON] Republican and Democratic House members has said that the alleged US$5O billion fraud involving Wall Street figure Bernard Madoff reflects deep, systemic problems at the Securities and Exchange Commission. Inspector-general H David Kotz is so concerned about the SEC's failure to uncover
      -AP  -  573 words
    • 415 17 By ANTHONY ROWLEY in Tokyo JAPANESE Prime Minister Taro Aso will meet South Korean President Lee Myung Bak at a summit in Seoul next week, a Japanese government official said yesterday. Mr Aso will be accompanied by 15 of Japan's top business
      415 words
    • 441 17 AP, Reuters Israel views plan positively but stops short of acceptance [CAIRO] Egypt's President Hosni Mubarak on Tuesday proposed a plan for ending the fighting in Gaza, including a call for an immediate ceasefire between Palestinian militants and Israel. Israel said that
      – AP, Reuters; AFP  -  441 words
    • 332 17 ii iiinj i_»i yju Bloomberg [LONDON] UK gaming companies face a compulsory levy to help problem gamblers unless they pledge to increase funding, under government proposals published on Tuesday. Bookmakers including Ladbrokes and William Hill as well as casino operators Rank Group,
      ii iiinj i_»i yju – Bloomberg  -  332 words

  • WORLD
    • 697 18 AP, Reuters His tragic end is the fourth high profile death from the financial crisis [BERLIN] His spirit broken by financial fears, German billionaire Adolf Merckle took his own life this week becoming the latest high-profile casualty of a global economic crisis
      AP,; Reuters; PHOTOS: REUTERS  -  697 words
    • 324 18 Bloomberg [NEW YORK] General Motors Corp (GM) has sufficient government loans pledged to cover the worst-case scenario it outlined in a December report to Congress and may not need more unless the economy worsens. The US Treasury has pledged as much
      – Bloomberg  -  324 words
    • 653 18 Reuters RECESSION FALLOUTS Its US operations filed for bankruptcy protection in a New York court on Tuesday [MOSCOW] Russian-born billionaire Len Blavatnik's international empire faces its biggest test with Tuesday's bankruptcy filing by a key component, the US operations of Lyondellßasell, the world's
      – Reuters  -  653 words
    • 700 18 ■AP [PITTSBURGH] Alcoa, the world's third-largest aluminium maker, will cut 13,500 jobs, or 13 per cent of its work force, and slash spending and output to cope with the global economic slowdown. The reductions expand on cost-cutting measures announced in October, when
      ■AP  -  700 words
    • 400 18 ■AP M'sian contractor of the project vows to protect its interests [DUBAI] Companies building the centrepiece of a prominent Dubai race course said on Tuesday the original US$l.25 billion contract has been cancelled, raising questions about the future site of the Middle East's premier
      ■AP  -  400 words

  • OBAMANOMICS
    • 956 19 -AP He warns of trillion-dollar deficits for years to come, saying investments will be made wisely, managed well [WASHINGTON] President-elect Barack Obama on Tuesday braced Americans for the unparalleled prospect of "trillion-dollar deficits for years to come" a stark assessment of the budgetary outlook that
      -AP; REUTERS  -  956 words
    • 556 19 Reuters [WASHINGTON] The cast of characters who will tackle the overhaul of America's financial regulation system ranges from the nation's first black president to the Securities and Exchange Commission's (SEC) first female chair. Barack Obama, President-elect The new US president, who takes office
      – Reuters; PHOTOS: REUTERS, AFP, AP  -  556 words
    • 179 19 Reuters [WASHINGTON] The incoming Obama administration looks likely to shake up the federal agencies that regulate the US financial system as Americans struggle through a deep recession and the worst financial crisis in decades. Treasury Department Cabinet-level department tasked primarily with financing the government and collecting taxes. Plays
      ■ Reuters  -  179 words
    • 534 19 Bloomberg In return, Congress to release USs3sob from rescue fund [WASHINGTON] House Financial Services Committee chairman Barney Frank said he has "agreement in principle" with Presidentelect Barack Obama to release US$35O billion from the US bank-rescue fund in return for commitments to
      Bloomberg  -  534 words

  • AVIATION
    • 819 20 Bloomberg He sees no danger of the British carrier being left behind as other airlines merge [LONDON] British Airways pic (BA) chief executive officer Willie Walsh said he's confident he can conclude tie-ups with American Airlines and Iberia and that there's no
      – Bloomberg; AFP  -  819 words
    • 2611 20 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 (BAVv Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR: EVA
      2,611 words
    • 575 20  -  PAULINE NG By in Kuala Lumpur MALAYSIA'S plans to proceed with a new permanent low-cost carrier terminal (LCCT) to cater to the increasing numbers of budget travellers to the country could be slowed down by the current tussle between two government-linked companies with
      575 words
    • 439 20  -  NEETA LAL By in New Delhi WITH the price of jet fuel plunging and passenger demand weakening, India's airlines are slashing fares in a price war that is getting bloodier by the day. Besides cutting fares, the airlines are wooing high-performing
      439 words
  • Page 20 Miscellaneous
    • 337 20 CRYPTIC CROSSWORD I Demanding thin porridge __^l__^l__^l__^l__Hß__^l__^l__ 6 Sarah in charge? Not accord- HJ ing to this law (5) I 9ln the ocean ten navigators I Hio I I I needed aerial (7) HJ HJ HJ 10 Camping clothing? (4,5) j II Substitute's unending repu- "ji HB^~^ 12 Key to
      337 words

  • SHIPPING 21
    • 484 21 Bloomberg It is the sth shipping line worldwide to succumb to collapse in cargo rates [SINGAPORE/HONG KONG] US Shipping Partners LP, a carrier of petroleum products, is in talks with lenders after defaulting on US$333 million of debt, becoming at least
      – Bloomberg  -  484 words
    • 357 21 Bloomberg [SINGAPORE] Armada (Singapore) Pte, which won Singapore court protection this week, said it owes at least US$5OO million to creditors including Kawasaki Kisen Kaisha Ltd after the price of hauling coal, ore and grains collapsed. Hong Kong's Transfield Shipping Co and Kawasaki Kisen, Japan's
      – Bloomberg  -  357 words
    • 166 21 Reuters [SHANGHAI] Shanghai International Port (Group) Co, China's biggest port operator, said yesterday that its unaudited net profit in 2008 rose 27 per cent from 2007. But its statement showed that its business lagged its 2008 targets, apparently as the global financial crisis and
      ■ Reuters  -  166 words
    • 507 21 -NYT [SYDNEY] With the annual battle between Japanese whalers and their opponents heating up again, Japan said on Tuesday that it would formally ask Australia to keep anti-whaling activists and their ship, the Steve Irwin, from refuelling at Australian ports. Paul Watson, captain
      -NYT; AFP  -  507 words
    • 258 21 Bloomberg Stock driven by expectations of improved earnings [HONG KONG] Shares of Daewoo Shipbuilding Marine Engineering Co, the world's third-largest shipyard, surged to the highest level in three months in Seoul trading on expectations of improved earnings this year. Daewoo Shipbuilding climbed as much as
      – Bloomberg  -  258 words
    • TRANSPORT STOCKS
      • 111 21 '000 Jan CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KlVentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Man Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.27 0.20 0.97 ...unch 0 78 0
        111 words
      • 37 21 '000 nt'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings 0.60 8.80 8.65 2.62 2.41 0.04 0.09 unch 0.05 unch 0.06 unch -0.02 unch 281 141 41 160: 2< 389' 2(
        37 words
      • 12 21 '00 'recious Ship Regional Cont 11.30 6.85 -0.10 0.40 179! 1151
        12 words
      • 6 21 '000 toil 19.62 1.12 2931
        6 words
      • 21 21 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.20 14.50 unch unch 0.20 1.25 unch unch 10; 139; I
        21 words
      • 21 21 Jan 7 HT$ Vol Evergreen Marine ...15.50 :irst Steamship 34.80 /Van Hai Lines 14.30 -0.10 1.10 unch 7 21 3
        21 words
      • 37 21 '000 Lawasaki Hvy Ind ..220.00 11.00 ***** Lawasaki Kisen 442.00 17.00 6013 /litsubishi Hvy 414.00 -6.00 ***** /litsui Eng&Sbldg...175.00 5.00 9838 /litsui Osk Lines 609.00 32.00 ***** lippon Express 382.00 -3.00 3693 lipponYusen 585.00 13.00 6921
        37 words
  • Page 21 Advertisements
    • 61 21 Raffles Conversations 2008 EDITION 52 interviews by Business Times journalists The diverse experi* of some of the mo: influential thinke corporate chiefs and social tJ activists of I the age iy Mm Jr'-"' JkM .tjtX7^#4i P^ f% V\\\\ > BP^F, X %J'k\\ <^mm\ m \S \\W 4'V\'""^%%'%^ Raffles Conversations f
      61 words
    • 8 21 Place your AGM and EGM iesiiiipp UllMrai iesisphasf,
      8 words

  • EDITORIAL & OPINION
    • 508 22 AS stress in the financial sector deepens and drags economies into recession, it would seem as if Singapore's much vaunted strategy of fashioning itself into a wealth management hub to rival Switzerland might be derailed. The vicious bear market has decimated wealth. A conservative estimate
      508 words
    • 909 22  -  WILLIAM PESEK JR Beijing must rely on growth from within rather than from abroad as it has done so far ANYONE who said a year ago that China's economy was crisis-bound was dismissed out of hand. Today, sceptics have lots of company. "This
      AP  -  909 words
    • 863 22  -  ANTHONY ROWLEY THE BOTTOM LINE JUST how big is "big"? This question needs to be asked in relation to fiscal packages announced by governments in the US, Europe, Japan and elsewhere as a means to counter global economic recession. And, big in relation
      863 words
    • 1531 23  -  G PANICKER Russia hopes to drive the new gas grouping which is preparing for the future with an eye on rising demand By AS it plain coincidence that energy politics should be in play just a week after the world's 14 gas producers backed
      REUTERS  -  1,531 words
    • 866 23 The UK: boomed and bust By lAN CAMPBELL THE UK faces recession in 2009: that is clear. What remains up for debate is whether the recession will be short and shallow or deep and long drawn out. The answer, almost certainly, is the less happy one: the UK is heading
      866 words
    • 366 23 LETTER TO THE EDITOR I REFER to the Hock Lock Siew column by Winston Chai titled "Will Ml put on a new game face" (BT, Jan 6). To imply that luck, serendipity and fairy tales somehow have something to do with the
      366 words


  • SINGAPORE STOCKS
    • 9061 24 Transaction date: Jan 7 52-wks Tel |h Low Code Last Sale Vol COOP) Hii Day Last Quote |h Low Buyer Seller Div Gr Yld C'vr Net P/E MCap $mil 52-wks Tel |h Low Code Last Sale Vol COOP) Hii Day Last Quote Div Gr Yld Net |h Low
      9,061 words
    • 1887 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
      1,887 words
    • 60 25 Hii Low Code Comi Sale COOP) Hii Low Bir Seller Cvr P/E imil ***** ***** 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS 385 158 6009 STI ETF US***** US6200 US1000 US***** US***** 196 -1 394 202
      60 words
    • 61 25 Hii Low Code Comi Sale COOP] Hii Low Bui Seller C'vr P/E ,mil 103.2 36.5 6000 AVJennings 13 4 6134 Over&Gen 29.5 6 6017 StarCruises 269 104 6019 TanChonglnt A49 A8 US9 HK111 -1 +0.5 1 1663 49 9.5 49 9 39 5 9 110 43.5 10 9.5
      61 words
    • 8893 25 UNIT TRUSTS FUNDS UNIT TRUSTS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.472/ AIGIF Spore Bond Fund/A 1.223/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.64/ APS Alpha Fund (USD)!** 0.43/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.6086/ APS
      8,893 words
  • Page 24 Advertisements
    • 31 24 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. |J& Sir >M 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676. f^^^^^H M Internet: Http://www.audemarspiguet.com I] aH
      31 words


  • FINANCE & COMMODITIES
    • 363 26 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jan 06 World Index Preliminan 704.3 0.7 -37.8 0.5 -38.8 0.3 -40.3 EAFE Preliminai 678.3 0.9 -39.5 0.1 -42.5 -0.1 -43.! Euro[ Preliminan 961.7 1.1 -37.7 0.4 -45.1 0.1 -46.! Pacific 552.2
      363 words
    • 131 26 As at 9am Jan 7 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.0470 1.0810 Can dollar 1.2350 1.2490 Euro 1.9740 1.9960 NZ dollar 0.8700 0.8890 iterlini ind 2.1800 2.2040 US dollar 1.4630 1.4790 Local dollars to 100 units of foreign
      131 words
    • 174 26 Jan 7 Offer Bid Overnight 1-month 2-months 3-months Overnight mode: 1/8 US$ 1/16 3/4 7/8 1 Offer PAR 1/2 5/8 3/4 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.40 0.80 1.40 1.60 2.10 2.40 2.50 Offer 0.10 0.40 0.90
      174 words
    • 23 26 Jan 7 ten STI SIMSCI Jan 235.3 238.1 226.0 Taiwan Jan 182.0 183.5 181.4 Source: MF Global (S) Pte. Ltd
      23 words
    • 22 26 Jan 7 S$ Bid Offer 1-month 1.4693 1.4712 2-months 1.4692 1.4711 3-months 1.4691 1.4711 6-months 1.4679 1.4701 Source: OCBC
      22 words
    • 66 26 Jan 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hii Vol Open Done Position Low Jan 09 2052 Feb 09 2036 Mar 09 2024 Apr 09 2020 Total o/p: ***** contracts 2000 2065 1900 536 2017 1998 2065 1889 2023 ***** 1985 2058
      66 words
    • 291 26 Jan 7 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar09 Jun09 Sep09 Dec09 98.8250 98.8800 98.8500 98.7200 ***** 4991 4103 1776 EUROYEN TIBOR FUTURES Mar09 99.420 99.420 Jun09 99.515 99.515 Sep09 99.530 99.530 Dec09 99.495 99.495 Mar10 Jun10 Sep10 Dec10 99.420 99.515 99.530 99.495 99.420 99.495
      291 words
    • 200 26 Jan 7 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Feb 09 151.5 Mar 09 156.0 Apr09 162.5 May 09 162.5 Jun 09 162.5 Jul 09 160.9 148.5 156.0 156.0 156.0 156.0 159.0 149.0 152.2 156.0 156.0 156.0 156.0
      200 words
    • 88 26 Jan 7 Period Issue code Maturity Yesterday's Bid Hii Day's [h Low 3-Month BQ*****A 09.04.09 1-Year BY*****V 02.11.09 0.57 0.75 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid His 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 15-Year NY*****X
      88 words
    • 105 26 Jan 6 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 09 1014.25 983.75 1018.00 974.75 Mar 09 1016.00 987.00 1020.75 976.75 May 09 1027.25 998.25 1032.25 988.00 Jul 09 1038.25 1009.25 1043.00 999.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jan 09 37.05 34.90 36.95
      105 words
    • 77 26 CRUDE OIL PRODUCTS Jan 6 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1-Mth F) 50.16 2.90 WTI (Near Mth) 48.54 0.07 Dubai (1-Mth F) 50.86 3.44 Tapis blend 51.30 4.90 Minas 47.30 5.40 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 40.90 65.70 2.30 4.75 USS/barrel Opec Oil
      77 words
    • 464 26 Jan 7 AS CS Rmb Euro HKS IndRsRu ih Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.854 4.934 0.532 5.600 35.083 77.642 0.675 9.337 2.525 1.212 56.805 33.556 1.062 6.710 0.800 23.813 25.142 0.484 0.722 Canada 1.172 5.781 0.623
      464 words
    • 76 26 Jan 7 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 1 mth 2 mths 3 mths (S$) 0.***** 1.***** 1.***** 6mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP Mid
      76 words
    • 157 26 Jan 7 Against SS Currencies Bid Offer Against USS Bid Offer S$IUS$ to one unit of foreign currency: Australian dollar 1.0608 1.0625 0.7221 0.7224 Canadian dollar 1.2429 1.2449 0.8460 0.8464 Euro 1.9953 1.9978 1.3582 1.3583 NZ dollar 0.8754 0.8770 0.5959 0.5963 Sterlini ind 2.1925 2.1953 1.4924 1.4926
      157 words
    • 167 26 Jan 7 GOLD (USS/oz) Jan 07 Jan 06 GOLD BULLION COINS (SS) Sellim Hong Kong 862.90 839.10 863.90 840.10 Jan 06 Jan OS London 844.50 849.05 846.50 851.05 Source: Thomson Reuters (SS) Selling Buying 1 oz 1410.26 1270 UBS GOLD LUNAR KINEBAR (SS) Selling Buying 10gm $494.34 405
      167 words
    • 69 26 Jan 6 Aluminium, 99.7% purity (USS/tonne) Close Previous Cash 1571.50 3 months 1605.00 1516.00 1550.00 Copper, Grade A (USS/tonne) Cash 3 months 3353.00 3390.00 3150.00 3190.00 Lead (USS/tonne) Cash 1192.00 3 months 1178.00 1135.00 1120.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash *****.00
      69 words
    • 68 26 Jan 6 COCOA (£/tonne) Close Prev Hii ih/Low Mar 09 2568 1802 2638/2515 May 09 2559 1786 2625/2505 Jul 09 2540 1779 2600/2496 Sep 09 2512 1753 2560/2483 COFFEE (USS/tonne) Close Pev High/Low Jan 09 1950 1821 1955/1850 SUGAR (US tonne) White Close Prev High/Low Mar 09 335.4 327.8
      68 words
    • 2371 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 )092 Asia Environment W*****4 2 1 17 1 87 1 38 156 1.50 994 16.00 220 6.25 43 19 7 1481 Asia
      2,371 words

  • Page 27 Advertisements
    • 3710 27 The Business Times Shipping Times m\ M^M KH B-fjffl^EjnHffltffff-ETfffltßffffil WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M W^^Z m.%,m mkW^MIMm^MMSKm 1% TEL *****588 (14 LINES) FAX: *****163 U* *M ■^^Wifrf^P^^B RHW II Y\\M \AIAM HAI INpN <»*""« Service/Bookings Direct Line-(1800) *****200 A A M^ I I*l*l-1- I I BH9BB MSB
      3,710 words

  • Page 28 Advertisements
    • 2808 28 F^l Ifffl EASTERN CAR LINER, LTD I E^SJQCDQIQ BHSSB I*—!!__ L—i SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS Bfl lpßß33fflßl^^^^M; VOY I RomUKT) I LillinqlKT) I MNL I MUA I SIN I PKL I )KT I SUR I VM (IA (ID DiSImATON PCL/PHL SERVICE AMX SERVICE Connecting ECL Svc
      2,808 words

  • Page 29 Advertisements
    • 3646 29 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 Name
      3,646 words

  • BizIT
    • 959 30 iTunes Store free of digital rights management curbs indicates industry tone, says CHRISTOPHER LIM THANKS to an announcement slipped in at the end of Apple's Macworld expo keynote address yesterday, consumers in Singapore may eventually get to enjoy digital music downloads without digital
      REUTERS  -  959 words
    • 375 30  -  CHRISTOPHER LIM By APPLE'S final keynote address at the Macworld expo was low-key but not completely devoid of highlights, even though it wasn't delivered by chief executive Steve Jobs but by marketing head Phil Schiller. Significant upgrades to Apple's iLife and iWorks software suites were
      AFP  -  375 words
    • 771 30 By AMIT ROY CHOUDHURY EMERGING markets in Asia will drive growth in the global mobile market, which is forecast to reach 5.63 billion connections, up 43 per cent from last year, according to IT research agency Ovum. Speaking to BizlT, Ovum's analyst, Nathan
      771 words
    • 313 30  -  WINSTON CHAI By IN these penny-pinching times, gadget makers are set to go bigger on eco-friendly products that promise to go easy on both the environment as well as the consumer's wallet. Industry players widely expect consumers to rein in their spending on technology gizmos
      313 words
  • Page 30 Advertisements
    • 23 30 Call 6-594 7594 now for the IT Specialists StOne FOreSt IT Microsoft wmmmm £323 www.StoneForestlT.com.sg gold certified WMjM Partner |^^^^gp Trusted By Accountants
      23 words

  • PROPERTY
    • 350 31 Bloomberg Prices will fall as jobless rate rises, Credit Suisse analysts say [HONG KONG] Hong Kong residential property prices may fall by about a fifth in the first half of this year, taking the decline from their peak last year to
      – Bloomberg  -  350 words
    • 247 31 Reuters [TAIPEI Prime office rentals in Taiwan's capital Taipei could fall 5-10 per cent this year and the value of real estate across the island will likely shrink further due to a sluggish economy, property services company DTZ said
      Reuters; BLOOMBERG  -  247 words
    • 391 31 Reuters [LONDON] UK homeowners should brace for an additional 20 per cent drop in the average value of their homes in 2009 as a vicious recession threatens to slash tumbling prices even further, data from the property derivatives market shows. According to the
      – Reuters  -  391 words
    • 619 31 Bloomberg US PROPERTY [SEATTLE] Vacancies at US malls and shopping centres approached 10-year highs in the fourth quarter, and are set to rise further as declining retail sales put more stores out of business, research firm Reis Inc said. Regional mall vacancies rose to
      Bloomberg; AFP  -  619 words
    • 569 31 Reuters Credit market reluctant to renew financing of loans [NEW YORK] The number of stressed commercial property loans increased at an accelerated pace in December, challenging a major segment of the US bond market that has shown recent signs of stability. The percentage of
      – Reuters  -  569 words
    • 295 31 Reuters [BOSTON] Average rents for US apartments fell in the fourth quarter, as a sharp economic downturn and rising unemployment left Americans unwilling to pay higher prices, according to data released yesterday. Rents fell 0.4 per cent in the final quarter of
      Reuters  -  295 words
    • 498 32  -  UMA SHANKARI It is the lowest level in five years, says a DTZ report By [SINGAPORE] Property investment sales in the fourth quarter of 2008 fell to the lowest level since Q4 2003, with most players sidelined as prices weakened and credit tightened,
      FILE PHOTO  -  498 words
    • 850 32 It also sees prices falling 10-15% from $2,000-$2,400 in Q4 last year By KALPANA RASHIWALA [SINGAPORE] Fifty-five per cent of about 2,200 units in luxury projects launched by developers between 2006 and 2008 remained unsold in November 2008, according to CB Richard
      850 words
  • Page 31 Advertisements
    • 107 31 LEISURE FARM RESORT RESIDENCES LIVE ALONGSIDE LUSH MANICURED LANDSCAPE AND WAKE UP TO PICTURESQUE VIEWS OF ROLLING HILLS AND SERENE CREEKS Choice Strata Units and Bungalow Lots Available 15 mins from Tuas, amidst Iskandar Malaysia, South Johor VISIT OUR SINGAPORE SALES GALLERY 51 Goldhill Plaza #12-02/03/04 can +65 6254 8280
      107 words

  • Page 32 Advertisements
    • 753 32 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. V' V M""J<J HUH z bo* I^^^^^^^L O£l\/lll^ HOW TO ZAP: Download software by SMS-ing the wort "zap" to *****. Zap the M WWW^^TfnTWWW^HrfW \JC4VIII\J colour code found in
      753 words