The Business Times, 19 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 mm A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Monday, January 19,2009
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  • 1027 1  -  CHEW XIANG More than half of the 700-odd listed companies have all-male boards By [SINGAPORE] Just one in 15 directors of public-listed companies is a woman, according to data compiled by BT from public records. Of the total 5,209 directors serving on boards
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  • MARKETS DIGEST
    • 53 1 >T Index 1,730.45 -75.57 1 COMP 896.47 -22.60 IIKKEI225 8,230.15 -606.65 IANG SENG 13,255.51 -1121.93 SET INDEX 435.20 -23.86 JAKARTA COMP 1,363.88 -52.79 1ANILA COMP 1,950.13 -34.75 ;eoulcomp 1,135.20 -45.76 iHENZHEN B 282.51 -2.51 IUMBAI IND 9,323.59 -82.88 )OW 8,281.22 -317.96 IAS DAI 1,529.33 -42.26 ;&P 500 850.12 -40.23
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    • 29 1 Bloomberg Source: SINGAPORE 5.38 MALAYSIA 6.63 HONG KONG 5.00 INDONESIA 16.891 TAIWAN 6.316 JAPAN 1.475 KOREA 9.33 BRITAIN 1.50 US 3.25 CANADA 3.50 SWITZERLAND 0.53 INDIA 13.00
      Bloomberg  -  29 words
    • 48 1 us$ S$ 1.489 US$ (S$ ier US$) (US$/S$ per 1.483 2.207 EURO (US$,S$/E) Foreign currency 1.322 ier US$ 1.968 S$ 'EN 90.30 60.70 RM 3.578 2.403 HK$ 7.759 5.212 BAHT 34.84 23.40 RUPIAH 11,145 7,486 RENMINBI 6.837 4.592 INDIAN RUPEE 48.84 32.81 1.489 1.000 NZ$ 1.831 1.230
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  • 566 1 -AFP [WASHINGTON] Excitement is swelling across the United States and the world as Barack Obama prepares to be sworn in tomorrow as the nation's first black president, witnessed by the largest inauguration crowd in history. Mr Obama is "a man whose history reflects the enduring
    -AFP  -  566 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 48 1 AGE OF GAZA BizlT ART OF WAR I M~] TURBULENCE Hamas announces Asian PC shipments Zap for Sun Tzu's strategies! h Are family firms r./l Ifi ceasefire tank in Q4 Win an Egg Pod chair! H crisis-proof? page 12 OyK page 21 page 32 page 21 I Zl
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  • TOP STORIES
    • 942 2  -  ANDREW MARKS WALL STREET INSIGHT Rough week seen as earnings reports, economic data are likely to be dismal By in New York THE historic inauguration of President-elect Barack Obama on Tuesday is all but guaranteed to rivet the world's attention on Washington DC
      REUTERS  -  942 words
    • 568 2  -  CHUANG PECK MING IE Spore urges firms to look abroad as govts up spending By [SINGAPORE] Incoming United States President Barack Obama will be seeking to spend US$l trillion to kick-start the US economy. International Enterprise Singapore wants a cut of the
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    • THREE-MINUTE DIGEST
      • 60 2 JUST one in 15 directors of publicly listed companies in Singapore is a woman, according to data compiled by BT from public records. Of the 5,209 directors serving on boards of listed companies, just 337 seats or 6.5 per cent are held by
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      • 76 2 INCOMING US President Barack Obama will be seeking to spend US$l trillion to kick start the US economy. International Enterprise Singapore wants a cut of the spending for Singapore companies. Chong Lit Cheong, IE Singapore reckoned a big chunk of the money
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      • 87 2 THE founder of Satyam Computer Services B Ramalinga Raju skimmed huge amounts of cash from the company rather than padding its books as he has claimed, a person involved in the investigation of the company said on Saturday. Investigators looking into the
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      • 71 2 CASH is king and against such a mantra one can expect the government to put more money in the hands of businesses and individuals at the Budget for fiscal 2009. But tax cuts and a tax holiday remain a wild card
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      • 80 2 CAPITALAND'S Abu Dhabi unit Capitala has entered into an agreement to provide future buyers of its maiden project in the city with up to 85 per cent financing. Under the finance agreement with Abu Dhabi Finance, buyers of homes in Capitala's US$5-6 billion
        80 words
      • 59 2 RISK management still plays a supporting role in banks, a KPMG survey has found. Three quarters of top bankers polled expressed this view. Bankers admitted that while risk management now has a greater influence within banks, its involvement in day-to-day decisions was restricted by
        59 words
      • 66 2 THE credit crunch in the US and Europe could help Asian life science funds such as Singapore's Bio* One Capital attract larger drug development firms to the region, accelerating the development of Asia's life sciences sector. Frost Sullivan associate director Simranjit Singh
        66 words
      • 65 2 FACED with deteriorating demand amid the global economic slowdown and falling trade volumes, airlines are aggressively cutting capacity and ticket prices. Singapore Airlines and its rivals are offering special fares, while cutting down flights or getting out of specific routes entirely. SIA has
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    • 565 2 NYT, Reuters SATYAM SCANDAL NEW DELHI The founder of Satyam Computer Services, B Ramalinga Raju, skimmed huge amounts of cash from the company, rather than padding its books as he has claimed, a person involved in the investigation of the company said
      NYT, Reuters  -  565 words
    • 464 4  -  CHUANG PECK MING Govt mulling over whether it should seek president's approval to use country's reserves: SM Goh By [SINGAPORE] For the very first time, the government may turn to the president for the green light to dip into the country's closely-guarded
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    • 891 4  -  i LYNETTE KHOO Revised rules may unlock more funds for govt spending By [SINGAPORE] Cash is king and against the backdrop of such a mantra, one can expect the government to put more money in the hands of businesses
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    • 690 4  -  CHEN HUIFEN They are looking forward to a range of tax cuts By [SINGAPORE] Expectations are high among business owners that the forthcoming Budget will contain new measures to help reduce operational costs, stimulate demand and address the liquidity situation. So
      FILE PHOTO  -  690 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 131 3 Improving lives through advanced technologies. jSJT. Bi^ *^^^f^l Hitachi 1.5 World's First Ultra Thin Full HD LCD TV. Hitachi's goal is to empower lives in every aspect with advanced and eco-friendly technologies. It is this quest that drives Hitachi to develop inspiring innovations to overcome challenges. Redefining space is the
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  • Page 4 Advertisements
    • 993 4 A MAIS NOTICES £u!n Karln Technology Holdings Limited GROUP (Incorporated in Bermuda on 30 August 2002) (Company Registration Number *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting (the "SGM") of the shareholders of Karin Technology Holdings Limited (the "Company") will be held on
      993 words

  • Page 5 Advertisements
    • 1037 5 II I I III 1 I E^L I WORKING is a regular newsletter by the Ministry of Manpower (MOM). MANAGING EXCESS MANPOWER RESOURCES IN A BUSINESS DOWNTURN To help employers and employees cope with the current economic downturn, MOM together with the Singapore National Employers Federation (SNEF) and the National
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  • SINGAPORE MARKETS
    • 716 6  -  R SIVANITHY STOCKS IT'S actually quite funny when you really think about it the US's printing of money to bail out a sinking ship that was inflated by the printing of money that led to a massive debt and property
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    • 487 6 -AFP CURRENCIES [HONG KONG] Asian currencies ended last week mixed against the dollar, on concerns about the health of the global economy and a turbulent performance by world stock markets. Japanese yen: The yen strengthened during the week, as continued worries about the
      -AFP  -  487 words
    • 261 6 Payment (cts) Ex Books Pay date close date iscendas Reit 4.050 21 -Jan 23-Jan 27-Feb isia Pac Brew ak 18.000 28-Jan 30-Jan 10-Feb ak 1.100 05-Feb 09-Feb 19 Feb lial Cor[ 0.667 05-Feb 09-Feb 19 Feb iiistraland Pro| ah 3.000 29-Dec 31-Dec 06-Feb Oasa Hldi ak 0.500 30-Jan
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    • 504 6 AFP COMMODITIES [LONDON] Commodity prices mainly slid last week, with oil dropping below US$35 per barrel in New York amid continuing global economic gloom, analysts said. "Prices (of oil) fell sharply as once again a gloomy global economic outlook raised demand concerns," said
      AFP  -  504 words
    • 1503 6 Source: Thomson Reuters LEGEND for consensus recommendation: Less than or equal to 1.5 Buy Less than or equal to 2.5 but more than 1.5 Outperform Less than or equal to 3.5 but more than 2.5 Hold Less than or equal to 4.5 but more than 3.5 Underperform More
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    • 4 6 WEEKLY
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    • 58 6 CLOSE BT OB/OS -360.00-168.00 BT CADI -*****.00+31.00 BT 10-day MA -*****.00 -36.00 FTSE ST Mid Cap 355.26 -0.05 FTSE ST Small Cap 298.49 +0.89 FTSE ST All Share 416.58 +4.99 FTSE ST China Top 187.30 +2.21 FTSE ST China 185.96 +1.96 UOB Catalist 73.69 -1.78 SiMSCI 209.85
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    • 61 6 VOLUME Golden Agri 429,419,000 Sing Tel 128,192,000 Noble Grp 122,095,000 Jurong Tech 120,783,000 China Hongxing 118,886,000 Cosco Corp 111,742,000 DBS Grp 98,603,000 Midas 84,382,000 Capita Land 80,645,000 DBS DBeCWO9O7I3 79,922,000 VALUE(S) DBS Grp 819,450,314 Sing Tel 322,404,511 UOB 256,457,673 Capita Land 226,737,180 OCBC Bk 208,263,252 Keppel Corp
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    • 112 6 Closing prices are in trading currencies, but absolute difference is in Ss. CLOSE UP 1082 72.0 7.1 Jardine C&C OCBC Bk RBePW*****3 153 27.0 21.4 WBL Con 376 26.0 7.4 STI2100SGAePW*****9 48.5 21.0 76.4 ICBCC !.93%Pref10 7920 20.0 0.3 StarPhar5%RCPS*****8 57 19.0 50.0 UIC 122 17.0 16.2 DBS BNP
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    • 101 6 CLOSE DOWN 8076-499.7 -4.0 GLD 10US$ JMH 1910-208.2 -6.8 JSH 1000-145.7 -8.9 ir China H 10US$ 923-108.6 -7.3 OCBC Bk4.5%NCPS 100 8260 -90.0 -1.1 UOB 1212 -68.0 -5.3 Ke, Con 425 -67.0 -13.6 CIMBAsean40 100US$ 493 -66.9 -8.4 DBSBk6% NCPS 10 9660 -60.0 -0.6 OCBCCai 5.1%NCPS 100 9000 -50.0
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    • 85 6 Where S$ stands Ian 16 %CHNG CLOSE FFI Jan 15 YR 2008/2009 S$ LOW S$ HIGH USS 1.4858 0.73 1.5346 1.3457 Euro 1.9694 0.13 2.2064 1.8640 Pounds 2.2216 -1.69 2.8431 2.0663 AS 1.0026 -1.68 1.3251 0.9068 Yen* 1.6430 2.69 1.6910 1.2619 Rill liah* 0.***** 0.73 0.***** 0.***** Baht* 4.2634
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    • 1476 10  -  TEH HOOI LING THE slight euphoria ofthe new year has evaporated as investors are confronted with the harsh economic reality. Retrenchments continued to mount, trade continued to contract, and consumers continued to tighten their purse-strings. As a result, risky assets resumed their downward
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    • 1035 10  -  ROBERT HALILI INSIDE MARKETS By TRADING by directors was flat last week with 17 companies that recorded 39 purchases worth $5.7 million versus six firms with six disposals worth $1.1 million, based on filings on the Singapore Exchange from Jan 12 to 16.
      :Asia Insider Ltd  -  1,035 words

  • Page 7 Advertisements
    • 150 7 pteri^ 1 Global A New Harmony As Asia's No.l and one of the world's leading airport logistics systems integrators, we unveil a new brand identity that marks a significant milestone in our evolution of growth. Established since 1979, we have successfully integrated over 100 airport systems in more than 25
      150 words

  • Page 8 Advertisements
    • 1639 8 Women at the helm Female directors of Singapore-listed companies AngßengTin OKP Holdings Halimah Yacob I jom^ SMRT LimGhee Hong Fok Corp Tan Mei-Ling Caroline Amplefield Ang Hooi Yeong Pauline Hiap Moh Corp f<^ <^k Lim Joke Mvi Sembcorp Marine Tan Siok Chin Cosmosteel Holdings Arfat Pannir 881 Capita Land *iyT-
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  • Page 9 Advertisements
    • 3644 9 MANDATORY UNCONDITIONAL GENERAL CASH OFFERS by TELEMEDIA PACIFIC GROUP LIMITED (Company Registration No. *****60) (Incorporated in the British Virgin Islands) to acquire all the issued and paid-up ordinary shares in the capital of and all outstanding warrants issued by BAN JOO COMPANY LIMITED (Company Registration No. *****0100R) (Incorporated in the
      3,644 words


  • COMPANY NEWS
    • 537 11  -  UMA SHANKARI Loans of 85% value available for buyers of Capita Land's first Abu Dhabi project By CAPITALAND'S Abu Dhabi unit Capitala has entered into an agreement to provide future buyers of its maiden project in the city with up to 85 per cent financing. Under
      537 words
    • 203 11  -  CHEW XIANG By INTERPOL has issued a wanted notice for Jerry Ec, who is suspected of stealing $8 million of luxury watches from a Cortina outlet last month. Mr Ec, 35, is listed as 1.62 m in height and weighs 50kg. He speaks English,
      203 words
    • 869 11  -  CHEW XIANG OR many rank-and-file employees, it will be comforting ahead of what is shaping up to be an empty bonus season to reflect that, at least, their bosses will have it worse. That's because bosses generally have more variable pay
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    • 473 11  -  CHEW XIANG By RISK management still plays a supporting role in banks, a KPMG survey has found. Three quarters of top bankers polled expressed this view. "Despite the continued fall-out from the financial crisis across the banking industry, it appears that not enough institutions
      473 words
    • 125 11 Compiled by BT Full year ended Dec 2008 COMPANY DATE COMPANY DATE I Evergro Prop Jan 19 K-Reit Jan 19 Capita Commercial Trust Jan 20 Keppel T&T Jan 20 Spore Petroleum Co Jan 20 Capitaßetail China Trust Jan 21 First Ship Lease Trust Jan 21 Fortune Reit
      Compiled by BT  -  125 words
    • 327 11 COMPANY MEETING PLACE DATE TIME Map Tech E 80 Raffles Place, #16-21 UOB Plaza 2, Singapore *****4 17-Jan 10.00am Hi-P Intl E 11 International Business Park, Level U1, Jurong East, Singapore *****6 19-Jan 3.00pm SP Chemicals E Carlton Hotel Singapore, Empress 2 Ballroom (Level 2), 76 Bras Basah
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    • 398 11 BANKS ABN Amro BankNV 5.5 Agricultural Bank Of China 5.5 ANZ Banking Group 6 Arab Bank PLC 5.5 Banca Di Roma Singapore branch 6.5 Banco Bilbao Vizcaya Argentaria, S.A 6 Bangkok Bank 6 Bank Julius Baer Co. Ltd(S) 5 Bank of America NA 5 Bank of China
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  • Page 11 Advertisements
    • 64 11 MILLION Hong Bao Draw 2009 Draw on Frl, 6 Feb, 9.30pm Lucky Pack is now available HIS for order! Comes with Toto tickets generated from Top 10 Winning Outlets in 2008. Order your $228 Lucky Pack at www.singaporepools.com.sg GAPOHE PLAYii Alwa^ play with care. I rT J J Tolllllrd Comml
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    • 24 11 TODAY'S MUSIC i r ONLY ON mummmmmmmmmmmmmmmmmuuuuumm TODfIT S BEST MUSIC Head to CATS FASTADS in The New Paper for beauty haircare services! 1
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  • FINANCIAL CRISIS
    • 1231 12 MARLENE DIELEMAN and ROGER LOW look at whether such businesses are more or less crisis-proof BUSINESS leaders are facing uncertain economic conditions such as tightening credit, fluctuating exchange rates and falling demand. A shake-out is already ongoing in various industries, with the weakest companies
      STOCK.XCHNG  -  1,231 words
  • Page 12 Advertisements
    • 233 12 "I like the fact that Jj OAhis event does not c^cr^nate a §3^nsML nottiers^ Iwas judged purely Qn^^g|^Jfcwhat I can do!' Marathon runner mother of 3 kids b my paper, the only bilingual newspaper designed for PMEBs, is looking "'M i A By mV^ k for a male or female
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  • SINGAPORE NEWS
    • 447 13  -  CHEN HUIFEN Opportunity for R&D outsourcing as well as for Asian VCs to invest in them By THE credit crunch in the US and Europe could help Asian life science funds like Singapore's Bio* One Capital attract larger drug development firms to
      447 words
    • 285 13  -  CHEW XIANG By PAUL Douglas Thomas has been voted president of the Singapore Island Country Club (SICC), replacing John Kirkham who resigned earlier this month just a year into his two-year term. Mr Thomas, a member of the SICC's general committee, chairs its
      285 words
    • 396 13  -  RONNIE LIM By CONSTRUCTION of the $700 million first phase of an underground oil storage facility on Jurong Island finally looks set to kick off after next month. This is when JTC Corporation expects to decide on the main building
      396 words
  • Page 13 Advertisements
    • 108 13 Bringing smiles and peace of mind by putting you centre stage. Jfe =^E=E Buy packages <£ II A Saloon tvoe below 1O O FLI TraP "Active including M Enjoy 2 years servicing at less than fl? I MPV, SUV, Large Saloon &M. FLI Amp 900S FLI Integrator 6 Comp T%
      108 words

  • VIEWS FROM THE TOP
    • Article, Illustration
      3065 14 YES, HE CAN THIS WEEK'S TOPIC Will the incoming administration under President-elect Barack Obama succeed in its efforts to turn the US economy around? What could go wrong? Stimulus plan has no guaranteed results Poh Mvi Hoon Chief Executive Officer NETS ONE of the values that I admire in President-elect
      REUTERS  -  3,065 words

  • Page 15 Advertisements
    • 1719 15 For the complete list of views from CEOs, go to http://businesstimes.com.sg w WATS &r~~~ JL^I V->^ JL JL^^^ JLj l 3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg IN THE MATTER OF THE In the matter of In the matter of IN THE MATTER OF IN THE MATTER OF IN THE
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  • BT-CITIBANK YOUNG INVESTORS' FORUM
    • 1097 16 SMU's Student-Managed Investment Fund equips its undergrads with investment skills that serve them most profitably in real jobs later, reports lAN POH IN THE wake of a gloomy economic outlook and the ongoing financial haemorrhaging, businesses have some hard lessons to learn. Fifty Singapore
      JOHN LIM  -  1,097 words
    • 762 16 CAMPUS LIFE SMU undergraduate and TV artiste Rebecca Lim shares with JASON LOW her views on balancing studies with acting, and about her recent venture into investing SHE is someone who finds shopping a chore, wishes she had time for a boyfriend and
      ARTHUR LEE  -  762 words
    • 204 16 FANCY becoming the next Warren Buffett or George Soros? Or even the famous Robert Kiyosaki? Then read on. The Young Investors' Forum, part of the BT-Citibank Tertiary Outreach Programme, isn't another dry page out of your financial textbook. To complement our editorial content, we have
      204 words
  • Page 16 Advertisements
    • 46 16 citibank THE Business Times-Citibank Young Investors' Forum is published every Monday in The Business Times. It aims to raise the financial awareness of university and polytechnic students and cultivate a better understanding of business issues. The series is part of BT and Citibank's tertiary outreach programme.
      46 words

  • ECONOMY WATCH
    • 1027 17 NYT As luxury brands cut back, there is pride in reverting to living conservatively [PARIS] France is the birthplace of luxury fashion; and here, the recession biting the world has the feel of a morality play. As high-end consumers everywhere have suddenly suppressed their
      NYT; FILE PHOTOS  -  1,027 words
    • 659 17 -NYT BAILOUT MONEY FROM CONGRESS Lack of spending conditions sparks calls for monitoring [NEW YORK] As mounting losses at major banks like Citigroup and Bank of America in the last week have underscored, regulators are still searching for ways to stabilise the
      -NYT  -  659 words
    • 226 17 Bloomberg [MIAMI] The US government's Troubled Asset Relief Program (TARP) is working to restore financial confidence and the economy's rapid decline may be ending, said Jack Welch, former chairman and chief executive of General Electric Co. "It calmed the market and stabilised the system,"
      – Bloomberg  -  226 words
    • 422 17 Bloomberg He signals measures such as interest rate and tax cuts [NEW DELHI] Indian Prime Minister Manmohan Singh said that the fiscal year starting April 1 will be "difficult" and signalled that policymakers may add to interest rate and tax cuts to bolster
      – Bloomberg  -  422 words
  • Page 17 Advertisements

  • DINING OUT
    • 814 18 If you're planning where to eat over the Chinese New Year, CHEAH UI-HOON checks out some festive menus. Tian Fu Teahouse, Si Chuan Dou Hua Restaurants 60th Floor, UOB PLaza I, 80 Raffles Place. Tel: 6535 6006 Parkroyal on Beach Road, 7500 Beach Road. Tel: 6505
      814 words
    • 691 18  -  Geoffrey Eu NEW CHEF Prive 2, Keppel Bay Vista, Marina at Keppel Bay. Tel: 6776 0777. www.prive.com.sg UNREASONABLY enough, customer expectations are likely to be on the high side when the name of your restaurant's executive chef rhymes with "dish", but Wayne Nish
      691 words
  • Page 18 Advertisements
    • 138 18 LUAUKY I A WEALTH OF AUSPICIOUS CUISINE L^i^^y I Yu S/ien# (19 January to 9 February) Celebrate Chinese New Year in traditional culinary splendour at Pan Pacific Singapore. From imperial Cantonese feasts at Hai Tien Lo, Keyaki Champagne-paired all-you-can-eat at Global Kitchen to exquisite Japanese Yu Sheng at Keyaki and
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  • MALAYSIA/INDONESIA
    • 514 19  -  S JAYASANKARAN MALAYSIA INSIGHT The times they are a'changing Umno downplays last Saturday's by-election drubbing at its own peril DEPUTY Prime Minister Najib Razak described the ruling National Front coalition's loss in the Kuala Terengganu by-election last Saturday as a "setback" but said that it
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    • 155 19 Bernama [KUALA LUMPUR] Some 45,000 workers in the manufacturing sector may temporarily be out of job soon as most factories in the country will cease operations for the Chinese New Year celebrations. Human Resources Minister S Subramaniam said factories in
      ■ Bernama  -  155 words
    • 2165 19 Ian 16 RM COOO) \&M Realty 0.33 MirkBhd 0.41 advance Synergy 0.08 Viventa Bhd 0.78 VsMuIti Hldgs 0.15 Win Holdings 1.39 \hmad Zaki Resou ....0.48 Me Corp 0.41 MrasiaBhd 0.90 \kn Technology 0.12 alliance Financi 1.87 aluminium Co 0.79 Amalgamated Ind ....0.32 tomb Hldgs Bhd ....2.44 \mtel Holdings
      2,165 words
    • 249 19 Reuters [DUBAI] Qatar Telecommunications Co (Qtel) said on Saturday that it would begin tender offers for shares in Indonesian telecoms firm PT Indosat tomorrow to lift its stake to 65 per cent, the maximum allowed. Indonesia limits foreign ownership in
      Reuters  -  249 words
    • 386 19 Reuters [JAKARTA] Heavy rains in southern and eastern Kalimantan on Indonesia's Borneo island have had minimal impact on coal production, but high waves may delay shipments, producers and a weather official said on Friday. Some parts of the provinces of South and East
      ■ Reuters  -  386 words
  • Page 19 Advertisements
    • 1862 19 N THE MATTER OF THE INTHEMAnEROF I niTiir iiiTrrnnr COMPANIES ACT CAP 50 THE COMPANIES ACT, CAP. 50 IN THE MATTER OF wo^=« ro ™25n_« THE COMPANIES ACT, NS&'feaßdsl Sl,s=r- chapter 50 MEMBERS'VOLUNTARY WINDING-UP LIQUIDATION) AND (Pursuant to Section 290| CO. REG. NO. *****4763R A. the B^ordinaryGeneral Meeting of the
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  • GREATER CHINA/INDIA
    • 1062 20 ■AP Global slowdown is felt throughout Asia as firms, people cut back on festivities [BEIJING] Painter Wei Haibin is carefully weighing every purchase as he heads home to Hebei province for China's biggest family holiday a time when the economy typically enjoys a bounce. "The total
      ■AP '; AP  -  1,062 words
    • 320 20 AFP But Q4 revenues dive 7.3% q-o-q on visa curbs [HONG KONG] Gambling revenues in Macau fell 7.3 per cent in the final quarter of 2008 compared with the previous quarter, official figures showed on Friday, as visa restrictions continued to hit the
      AFP  -  320 words
    • 209 20 Reuters [BHUBANESWAR, India] Hundreds of tribespeople, many carrying bows and arrows, marched in protest against a bauxite mine planned by Britain's Vedanta Resources pic, police and eyewitnesses said. The protesters, including hundreds of women, danced and shouted slogans as they marched several kilometres in
      Reuters  -  209 words
  • Page 20 Advertisements
    • 309 20 LUAUKY jg^^^J Pill FFIIHIIRB t G&VbJfe Be the star that you are at Oscar's |jULUmNMJJ Leve 5 p en j nsu a Tower) T (Level 4) You're always the star at Oscar's, Singapore's i^— —^^gga home 9|amour and 9ood times- Savour YU SHENG 1 fr-i-.-U-* CELEBRATION al fresco adventures and
      309 words

  • ASIA-PACIFIC/WORLD
    • 665 21 Reuters Islamic group gives Israel a week to pull out of territory, demands opening of all Gaza border crossings [GAZA] Hamas said yesterday it would cease fire immediately along with other militant groups in the Gaza Strip and give Israel, which already declared a
      Reuters  -  665 words
    • 728 21 NYT MADOFF SCANDAL [NEW YORK] How did Bernard L Madoff manage to raise so much money for so long from so many supposedly sophisticated investors? Apparently, by keeping many of them in the dark about his own role. That fresh perspective on Madoff s
      NYT; AP  -  728 words
    • 472 21  -  NEIL BEHRMANN By in London HSBC's shares have slid by 16 per cent to 535 pence in the past week, the lowest level in a decade. Morgan Stanley believes the bank needs to raise between US$2O billion and US$3O billion, putting pressure on the
      472 words
    • 404 21 Reuters [NEW YORK] A measure of Citigroup's capital strength is at levels that some analysts view as dangerously low, implying the bank may need to raise capital soon. Selling common equity to raise capital is not an option now because there are few buyers for bank
      – Reuters  -  404 words
    • 416 21 Reuters [LONDON] Britain is poised to guarantee "toxic debt" worth up to £200 billion (*****.1 billion) in a second bank bailout designed to boost lending and fend off a prolonged recession triggered by the worst economic turmoil in 70 years, newspapers reported yesterday.
      – Reuters  -  416 words
  • Page 21 Advertisements
    • 70 21 The famous "A Room Within A Room" concept originally designed by Eero Aarnio in 1996 B Chic retro design A with white exterior A red interior cushioned B wall that is B upholstered in fabric V I Durable stylish II fiberglass shell Swivels 360 degrees Removable interior cushions for easy
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  • OBAMA'S INAUGURATION
    • 1088 22 Bloomberg But he enters office with 79% saying they view the new president favourably [WASHINGTON] Bill Clinton said his presidential honeymoon lasted 35 seconds. Dwight Eisenhower's never really ended. Gerald Ford's monthlong glow vanished overnight with his "Ml, free and absolute" pardon of Richard Nixon.
      Bloomberg; FILE PHOTOS  -  1,088 words
    • 765 22 AFP [WASHINGTON] Michelle Obama, dubbed "my rock" by her proud husband, has said it herself: nowhere but in America would her story be possible. Born Michelle LaVaughn Robinson on Jan 17, 1964, she grew up in a working class Chicago neighbourhood as the United
      AFP; AP  -  765 words
    • 497 22 -NYT Circumstances have changed a lot since he started campaign [WASHINGTON] The world looked very different on the frigid Saturday in February 2007 when Barack Obama stood in front of the Old State Capitol in Springfield, Illinois, and declared
      -NYT  -  497 words

  • VOLVO OCEAN RACE
    • 907 23 Safety comes first as the crews steel themselves for difficult conditions on the course to Qingdao, reports VINCENT WEE AFTER nearly a month of tropical sunshine and warm hospitality at One Degree 15 Marina Club at Sentosa Cove, the seven yachts in the Volvo Ocean
      JOHN HENG FOR SINGAPORE SPORTS COUNCIL; DAVE KNEALE/VOLVO OCEAN RACE  -  907 words
    • 624 23  -  VINCENT WEE Inmarsat, Puma leverage on race to show their products By SATELLITE communications company Inmarsat and consumer brand Puma are among the global brands that have used the Volvo Ocean Race in general and the Singapore stopover in particular to reach out to
      JOHN HENG FOR SINGAPORE SPORTS COUNCIL  -  624 words
  • Page 23 Advertisements
    • 145 23 tw.r^^s H^^^k l^v WESTMINSTER TRAVEL LIMITED (Company Registration Number *****4792H) (Incorporated in the Republic of Singapore on 28 July 2008) Placement of 43,000,000 Placement Shares comprising 30,000,000 New Shares and 13,000,000 Vendor Shares at 550.235 for each Placement Share, payable in full on application. Copies of Westminster's Offer Document may
      145 words

  • AVIATION/SHIPPING
    • 742 24  -  YEN SREENIVASAN SIA using combination of cuts and consolidations to hold up yields By [SINGAPORE] Faced with deteriorating demand amid the global economic slowdown and falling trade volumes, airlines are aggressively cutting capacity and ticket prices. Singapore Airlines and and its rivals have
      BLOOMBERG  -  742 words
    • 413 24  -  VINCE WEE Spore firm tests breakthrough tech on oil tanker By HOMEGROWN research and technology company Ecospec Global Technology has developed a new system to reduce emissions from vessels. The firm believes the technology may have the potential to generate over US$lOO million
      413 words
    • 197 24 Reuters [CAIRO] Egypt earned U*****.8 million in revenue from the Suez Canal in December, down from U*****.3 million in December 2007 and from U*****.8 miUion in November, the government said yesterday. Economists have been watching Suez Canal revenues closely to see if there are
      Reuters  -  197 words
    • 358 24 Bloomberg [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, fell for a second straight day as demand to haul iron ore weakened ahead of China's New Year break. China, the biggest steelmaker, has national holidays from Jan
      Bloomberg  -  358 words
    • 255 24  -  CHEW XIANG gy JURONG Shipyard has completed the first of four ul-tra-deepwater semi-sub-mersible drilling rigs for Larsen Oil Gas. The rig was named Petroßig 1 at a ceremony on Saturday by Liv Berge Halvorsen, wife of Berge Gerdt Larsen, owner of Larsen
      255 words
    • 2618 24 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), Al: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      2,618 words
  • Page 24 Miscellaneous
    • 397 24 CRYPTIC CROSSWORD I Lunatic enraged elevated fig- __^J__^J__^J__^M__^J__^J__^J__ ure (7) 111 II 5 Quartet in criminal case that's F^l F^l 9 Poor advice to a spendthrift? I i 111 (7) __HH__HH__^M__MH__HH__HH__HM__ 10 Absent young woman at 11 I l'~ I home? Good (7) i i B HH I 1 Money
      397 words

  • Page 25 Advertisements
    • 206 25 Congratulations C W AWARD INNOVATION I a 2007 WINNER CLASS on the official naming of the 111 IaQnQrSI VI fill a JLbr UCIICIcI lUI '«™lk '■Pi /Mr/T^NjCwffK Mill--1 ***** 11 if /"'..,1 9U£*A£Si aKa, JURONG SHIPYARD M M The fast-track and on-time completion of Pefro/?/^ J^tß i fi! .1 [JL
      206 words

  • SINGAPORE STOCKS
    • 8994 26 Week ended: Jan 16 Hi; »-wks Tel Low Code Com] Sale ('OOP) Hi i Low Bu; fer Seller C'vr P/E $mil )ati] 9.5 3 3148 STelecom 14.5 3 5834 A-Sonic 110 100 6389 ABFSG I'.nnd I II 30.5 12 5000 ABR Hldqs 19 6 1938 AEI Cor|. 11.5
      8,994 words
    • 1929 27 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
      1,929 words
    • 70 27 52-Wk Tel Hiqh Low Code Last Sale Vol ('000) Week lh Low Last Quote Buyer Seller Div GrYld Net MCap Cvr P/E $mil Comi _Hm ***** ***** 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS 343 158
      70 words
    • 71 27 52-Wk Tel Hiqh Low Code Last Sale Vol rooo] Week Last Quote Div GrYld Net MCap Low Buyer Seller C'vr P/E $mil Comi Hii 91.4 36.5 6000 AVJennings 13 4 6134 Over&Gen 27 6 6017 StarCruises 250 104 6019 TanChonglnt A44 A8 IIS9 IIK111 -5 +0.5 7 1230
      71 words
    • 124 27 Stock name Close Chani Caj i Land 2.740 +0.060 Caj iMall 1.480 +0.020 Cit. 5.790 +0.040 Cosco Cor| 0.835 +0.030 DBS Gr| 8.480 +0.280 FSN 3.010 +0.010 Gent Intl 0.460 +0.010 Golden At iri 0.275 +0.005 HKLand 2.170 -0.070 JMH 19.100 -0.880 tocl name lose lange
      124 words
    • 100 27 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 6 9 3 0 0 0 6 9 3 Manufacturini 38 132 39 12 14 41 144 53 Commerce 10 43 15 14 48 18 ms 30 32 Finance 38 38 Construction 17
      100 words
    • 118 27 TURNOVER ('000) MAIN SDQ TOTAL MAIN VALUE ('000) SDQ TOTAL Multi Ind 132.813 132.813 345.947 345.947 Manufacturing 1.201.118 41.699 1.242.817 742.756 2.532 745.288 Commerce 321.868 60.729 382.597 293.017 9.535 302.552 ]t/Stor/Comms 415.864 1.918 417.782 658.810 173 658.983 Finance 272.917 272.917 1.673.783 1.673.783 Construction 91.719 2.475 94.194 7.034
      118 words
    • 2797 27 Transaction date: Jan 16 For a full listing of the closing prices, log on to BT online at http://business-times.asial.com.sg after 11.30pm every trading day IONG KONG Vol ■000 HK$ \eon Credit \eon Stores \ngang Steel \nhui Conch \nhuiexpressway \sia Satellite \sm Pacific Sank Of E Asia Jeida Jade
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  • Page 26 Advertisements
    • 21 26 Sole Distributor Service Centre: AUDEMARSPJGUET (SINGAPORE) PRIVATE LIMITED jB 341 River Valley Road #01-01 Singapore *****§TeT:'6238 6678 Fax: 6238 6676' |Jg3Js£s^^^^^^"^
      21 words

  • Page 27 Advertisements
    • 29 27 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. IB IM WMfAW The Business Times
      29 words

  • FINANCE & COMMODITIES
    • 367 28 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Jan 16 World Index Preliminan 640.6 0.6 -43.4 0.3 -43.9 1.0 -45.7 EAFE Preliminai 617.1 1.3 -44.9 1.5 -47.0 2.2 -48.7 Euroi Preliminan 864.2 0.9
      367 words
    • 130 28 As at 9am Jan 16 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9860 1.0180 .an dollar 1.1860 1.2000 Euro 1.9560 1.9780 NZ dollar 0.8030 0.8200 iterlin. ind 2.1800 2.2050 US dollar 1.4850 1.5020 Local dollars to 100 units of foreign
      130 words
    • 175 28 Jan 16 s. Offer Bid Overnight 1/16 1-month 1/2 2-months 5/8 3-months 3/4 Overnight mode: 0.01 US$ Offer PAR 1/4 3/8 1/2 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.30 0.50 1.00 1.30 1.70 2.10 2.20 Offer 0.10 0.30
      175 words
    • 22 28 Jan 16 STI IIMSCI Jan 206.5 210.5 210.3 "aiwan Jan 163.7 164.2 164.0 Source: MF Global (S) He. Ltd
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    • 18 28 Jan 16 Bid Offer -month 1.4869 1.4901 1.4862 1.4897 {-months 1.4860 1.4894 >-months 1.4847 1.4884
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    • 66 28 Jan 16 KLCE PALM FUTURES (RIV Delivery Opening Month Range M/MT) Sett Av Price Price Hi. Vol Open Done Position Low Jan 09 1848 1850 1850 1803 589 6793 Feb 09 1830 1845 1845 1790 2281 ***** Mar09 1835 1833 1840 1790 7133 ***** Apr 09 1828 1836
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    • 293 28 Jan 16 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar09 Jun09 Sep09 Dec09 98.9950 99.0500 99.0200 98.8900 ***** 4699 4485 1797 EUROYEN TIBOR FUTURES Mar09 99.410 99.410 Jun09 Sep09 Dec09 99.515 99.515 Mar10 Jun10 Sep10 DedO 99.400 99.510 99.400 99.525 99.565 99.545 99.460 99.400 99.375 99.360
      293 words
    • 197 28 Jan 16 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Feb 09 153.5 Mar 09 Apr 09 May 09 161.0 Jun 09 161.0 Jul 09 162.0 153.5 161.0 161.0 161.0 153.5 155.5 158.9 161.0 161.8 161.0 12 0 0
      197 words
    • 90 28 Jan 16 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi. Day's [h Low 3-Month BQ*****E 16.04.09 1-Year BY*****V 02.11.09 0.45 0.56 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's ah Low Hii 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
    • 105 28 Jan 16 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 09 1020.00 994.50 1022.00 1006.00 May 09 1029.00 1003.25 1031.00 1015.00 Jul 09 1038.50 1013.25 1039.00 1026.00 Aug 09 1032.00 1009.50 1033.00 1021.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 09 34.59 34.40 35.10
      105 words
    • 78 28 CRUDE OIL PRODUCTS Jan IS CRUDE (FOB origin) USS/barrel Close Chan. Brent blend (1-Mth F) 46.41 0.10 WTI (Near Mth) 34.80 -2.55 Dubai (1 -Mth F) 45.56 0.25 Tapis blend 47.05 -1.00 Minas 45.60 -1.00 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 40.10 59.93 -2.00 -1.77 USS/barrel Opec
      78 words
    • 464 28 Jan J" 6 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound USS Australia 0.835 4.593 0.508 5.212 32.812 74.867 0.607 9.121 2.403 1.230 53.276 31.680 1.000 6.677 0.752 22.406 23.407 0.453 0.672 Canada 1.198 5.502 0.609
      464 words
    • 78 28 Jan 16 (US$) (S$) 0.***** 0.***** 1 mth 2 mths 0.***** 0.***** 3 mths 1.***** 0.***** 6 mths 1.***** 0.***** 9 mths 1.***** 0.***** 12 mths 1.***** 1.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6mths 1.***** 9 mths 1.***** 12 mths 1.*****
      78 words
    • 158 28 Jan 16 Against SS Currencies Bid Offer Against USS Bid Offer S$IUS$ to one unit of foreign currency: Australian dollar 0.9988 1.0013 0.6716 0.6719 Canadian dollar 1.1968 1.1995 0.8048 0.8049 Euro 1.9655 1.9700 1.3216 1.3220 NZ dollar 0.8116 0.8142 0.5457 0.5464 Sterlin. ind 2.2045 2.2098 1.4823 1.4829
      158 words
    • 141 28 Jan 16 GOLD (USS/oz) Jan IS Jan 16 Hong Kong London 809.50 818.40 810.50 819.40 Jan IS Jan IS 833.50 809.20 835.50 811.20 Source: Thomson Reuters CAST BAR (S$) Jan 16 Buying Sellinc Kilobar "42,220.06" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm
      141 words
    • 67 28 luminium, 99.7% urity (USS/tonne) Close Previous Cash 1431.30 3 months 1465.00 1445.80 1480.00 Copper, Grade A (USS/tonne) Cash 3 months 3323.00 3355.00 3248.00 3280.00 Lead (USS/tonne) Cash 1662.00 3 months 1169.00 1147.00 1154.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash *****.00 *****.00 3
      67 words
    • 68 28 Jan 16 :OCOA (E/tonne) Close Prev Hi. ih/Low Mar 09 1766 1736 1780/1737 May 09 1740 1710 1753/1711 Jul 09 1730 1698 1743/1700 Sep 09 1720 1690 1732/1699 COFFEE (USS/tonne) Close Pev High/Low Jan 09 2010 1950 2010/1964 SUGAR (US tonne) White Close Prev High/Low Mar 09 341.4 333.7
      68 words
    • 2437 28 BONDS WARRANTS rei lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Disc Gear- Mths ing Left >058 Advance Modules GrpW*****3 17 156 1.50 43 >036 Advance SCT Ltd W*****9 0.5 87 1246 13.00 19 S092 Asia Environment W*****4 2 38 264 5.50 7 1481 Asia Water Tech
      2,437 words

  • Page 29 Advertisements
    • 2740 29 The Business Times Shipping Times (A KPI ffCT^BffWWti Jff^fWtBBffil felT WAN HAI INTERNATIONAL PTE LTD UEN: *****4695M m STJ^ mSM n^fflMf&mQwmm mm l%"^*i\ mai i iiirr tel***** sss 0 4 lines) fax:6224H63 J m^^M\* T^-^^^T^^M y[^3Kfi£&B I \nl WAN HAI IN PHI TEL: {03) *****388 FAX: (03) *****288 PEN TEL:
      2,740 words

  • Page 30 Advertisements
    • 2816 30 RICKMERS-LINIE 11f~g-\ EASTERN CAR LINER, LTD I [fl I uSl Break"BU' k/PrOieCt/SOC COnVentiOna' Ser-^~ WebS"e! ~"k™r*^_ J|-=J I SPEC.AL.ZE IN RORO HEAVY L.FT UPTO 450^5^ WEEKLY EXPRESS SAILING SCHEDULE Vessel I Vov "l sin I alt I Hou I new I jax I ORF I phl I mob I nen
      2,816 words

  • Page 31 Advertisements
    • 5443 31 PCL/PHL SERVICE AMX SERVICE Connecting ECL Svc via MALTA I VESSEL VOY SIN I PKG I JEA I BND SIN I NSA I JED I DAM I MLA I VLC I GOA I MLA MLA I EXT I HAM I ANR I LEH ANNAE PHLB3IS 15/01 16/01 25/01 26/01 SILVERZONE
      5,443 words
    • 148 31 Hgi GLORY NAVIGATION GROUpI I( SINCE 1970 OWNS OPERATES THE YOUNGEST FLEET WITH TWELVE 7,000 DWT TWEEN DECKERS I COVERING THE ENTIRE ASIA PACIFIC PORTS I REGULAR WEEKLY SERVICES: IKAOHSIUNG CHINESE PORTS, HONG KONG TO FROM SOUTHEAST ASIA I SINGAPORE HIAP WOON SHIPPING (S) PTE LTD 14 ROBINSON ROAD, #03-01
      148 words

  • BIZIT
    • 610 32 While Spore fared better than market average, all signs point towards worse to come this year, reports WINSTON CHAI COMPUTER purchases in the Asia-Pacific region are reeling from the ongoing recession, with overall PC shipment growth stalling to a six-year low in the final
      AFP  -  610 words
    • <what's up>
      • 144 32 LENOVO has announced a new line of consumer PCs which includes the industry's first dual-screen laptop and the company's first all-in-one desktop. The eye-catching ThinkPad W7oods laptop features a 10.6-inch LCD screen that slides out from within the laptop cover to supplement its 17-inch primary
        144 words
      • 74 32 THE Singapore Computer Society (SCS) has joined hands with IT strategy firm Business Technovise International (BTI) to hold its first Certified IT Project Management (CITPM) project leadership course from March 9to 13 at the SCS Resource Centre. The course will cover a broad range of
        74 words
      • 69 32 SUZUKI Technology's new line of Intel Atom-powered Ultra-Mobile PCs (UMPCs) claims a market-leading 8-hour battery life. Two screen sizes 7-inch and 10.1-inch are offered, with the former incorporating a touch-screen. Both form-factors will be available at $699 from Jan 26 at Sim Lim Square, Funan Centre,
        69 words
      • 53 32 NEC Corp subsidiary ObTech Singapore, which provides enterprise business solutions for the retail, chemical, manufacturing and other sectors, has moved its 120 employees into a new and bigger office at South Bridge Court a result of its rapid growth in the past two years,
        53 words
      • 62 32 DRESSED in leather and anodized aluminium accents on a high-gloss Obsidian black finish, Dell's new Studio XPS 16 and Studio XPS 13 which feature 16-inch and 13.3-inch screens respectively are among the vendor's most fashionable laptop offerings to date. Prices of both Intel Core 2 Duo-based machines start
        62 words
      • 94 32 3M's new MProllO claims to be one of the world's first pocket-sized projectors to be able to project images at up to 50 inches in diagonal size. Weighing a mere 150g and no larger than a regular mobile phone, the MProllO micro projector can be hooked up
        94 words
      • 99 32 RESEARCH in Motion (RIM) has launched the Blackßerry Pearl Flip 8220 smartphone, the first flip-top Blackberry smartphone. Featuring Wi-Fi, a 2-megapixel camera, external and internal displays, this quadband phone will be available end-January from Sing Tel at $768 (without phone contract) and $488 (with a two-year
        99 words
      • 83 32  -  ONG BOON KIAT WIDE XGA (WXGA) display capability equivalent to a resolution of 1280x800 pixels-is the calling card of NEC's new NP9OIW mobile projector, lending it to widescreen presentation and movie projection. It has a brightness level of 2,000 ANSI lumens and contrast ratio of 400:1.
        83 words
    • 409 32  -  AMIT ROY CHOUDHURY By SINGAPORE'S online advertising industry is seeing a growing number of large brand advertisers coming in, resulting in the market growing by 33.7 per cent to US$l9O million in 2008. Research by Frost Sullivan shows that the republic's online advertising
      409 words
    • 704 32  -  CHRISTOPHER LIM By COMPUTER operating systems are like clothes. When the time comes to replace them, the new ones have to have the right blend of style, durability and comfort. Following this analogy, Windows Vista is like an incredibly durable
      704 words