The Business Times, 22 January 2009

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Microfilm: NL29640
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg •S* A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Thursday, January 22,2009
    23 words
  • Article
    Lock icon Unusual Budget for unusual times: PM Lee
    554 1  -  CHEN HUIFEN It will aim at keeping businesses afloat as Singapore prepares for long, bleak spell By' [SINGAPORE] Prime Minister Lee Hsien Loong has indicated that this year's Budget will be an unusual one, set against the backdrop of unprecedented economic circumstances and
    554 words
  • Article, Illustration
    Lock icon 2-5% contraction looms as S'pore sizes up the beast
    855 1  -  ANNATEO Q4's 16.9% q-o-q fall is steepest ever; 2009 outlook altered fundamentally: MTI By [SINGAPORE] The recession hasn't run its course, but is already Singapore's sharpest and deepest downturn to date, the Ministry of Trade and Industry (MTI) said yesterday as
    MTI  -  855 words
  • MARKETS DIGEST
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.63 HONG KONG 5.00 INDONESIA 16.382 TAIWAN 6.316 JAPAN 1.475 KOREA 9.33 BRITAIN 1.50 US 3.25 CANADA 3.50 SWITZERLAND 0.53 INDIA 13.00 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon MARKETS
      47 1 Inesi lay lange I COMP 873.41 -6.96 IIKKEI 225 7,901.64 -164.15 IANG SENG 12,583.63 -376.14 CET INDEX 431.23 -1.96 JAKARTA COMP 1,321.45 -22.70 1ANILACOMP 1,840.12 -57.81 CEOULCOMP 1,103.61 -23.20 CHENZHEN B 281.59 +0.03 IUMBAI IND 8,779.17 -321.38 11AM EST Change )OW 7,938.82 -10.27 IASDAQ 1,446.16 +5.30
      47 words
    • Article
      Lock icon FOREX
      45 1 IS$ (S$ per US$) 1.505 (USS/SS per 1.382 2.080 URO (USS/SS/E) 1.291 1.943 Foreign currency per US$ S$ 'EN 89.90 59.70 3.620 2.405 IK$ 7.759 5.155 !AHT 34.95 23.22 CUPIAH 11,200 7,441 CENMINBI 6.839 4.543 INDIAN RUPEE 49.21 32.69 1.534 1.019 IZ$ 1.907 1.267
      45 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      52 1 REIT COMPANIES COEs ART OF WAR I I Call for payout cut KepLand reviewing H J Big car premiums Zap for Sun Tzu's strategies! h to as low as 50% timing of projects sink to $200 Win an Egg Pod chair! H PAGE 2 PAGE 5 PAGE 10 PAGE 10
      52 words
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  • FOP STORIES
    • Article
      Lock icon S*Bio bags 2nd US biotech licensing deal
      470 2  -  CHEN HUIFEN S'pore drug devt firm to use fees to drive 2 other research programmes By [SINGAPORE] As biotech firms in other countries reel from budget cuts and staff retrenchments, Singapore's S*Bio has bucked the trend by pulling off a multi-million dollar licensing
      470 words
    • Article, Illustration
      Lock icon Guantanamo trials suspended in wake of Obama's call
      524 2 Reuters, AP, AFP, Bloomberg [GUANTANAMO BAY NAVAL BASE, Cuba] AUS military judge yesterday halted the trial of five prisoners accused of plotting the Sept 11 attacks, giving President Barack Obama the time he sought to decide whether to scrap the Guantanamo war
      Reuters, AP, AFP, Bloomberg; AFP  -  524 words
    • Article
      Lock icon President Nathan sends congratulations
      147 2 [SINGAPORE] Singapore President S R Nathan has sent congratulations to new US President Barack Obama. Mr Nathan said in his letter dated Jan 20 that Mr Obama's inauguration comes at a time when the US and the rest of the world face many challenges. Many countries,
      147 words
    • Article
      Lock icon Gallant subsidiaries lose Bintan resort lawsuit
      598 2  -  LYNETTE KHOO LAND DISPUTE By I [SINGAPORE] Gallant Venture's subsidiaries and PT Bintan Lagoon Resort (BLR) have lost a lawsuit to PT Rafflesia Matrawisatra over a land dispute, according to a court document obtained byBT. The Supreme Court of Indonesia in Jakarta pronounced PT
      598 words
    • Article
      Lock icon Reits seek cut in payout to as low as 50%
      658 2  -  KALPANA RASHIWALA They are also calling for a tax holiday for distributable income that is not paid out By [SINGAPORE] Some real estate investment trust (Reit) managers have urged the government to reduce the minimum payout ratio to Reit unitholders
      658 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon 2-5% contraction looms as S'pore sizes up the beast
        87 2 THE recession hasn't run its course, but is already Singapore's sharpest and deepest downturn to date, the Ministry of Trade and Industry said yesterday as it slashed its 2009 GDP forecast to a "more realistic" contraction of 2 to 5 per
        87 words
      • Article
        Lock icon Unusual Budget for unusual times: PM Lee
        91 2 PRIME Minister Lee Hsien Loong has indicated that this year's Budget will be an unusual one, set against the backdrop of unprecedented economic circumstances and expectations of a protracted downturn. "Its focus will be to keep businesses afloat, so that they can provide
        91 words
      • Article
        Lock icon Reits seek cut in payout to as low as 50%
        71 2 SOME real estate investment trust managers have urged the government to reduce the minimum payout ratio to Reit unitholders to as low as 50 per cent, from 90 per cent now, while still allowing the trusts to enjoy tax concessions.
        71 words
      • Article
        Lock icon No reason for Sing dollar's persistent slide: MAS
        95 2 THE Monetary Authority of Singapore said yesterday its neutral policy stance on the Singapore dollar "remains intact, despite worse-than-expected growth forecasts for this year. "The current slowdown reflects a sharp decline in global external demand and not an erosion in competitiveness," said
        95 words
      • Article
        Lock icon KepLand profit dives 88%; may delay some projects
        73 2 KEPPEL Land, Singapore's third-largest property group by market capitalisation, said it will conduct a review to see if it can delay building some of its projects as it reported an 88 per cent fall in fourth-quarter earnings yesterday. The developer reported that
        73 words
      • Article
        Lock icon CRCT sees China mall business remaining resilient
        77 2 CAPITARETAIL China Trust expects its mall business in China to remain fairly resilient even as the country's economic growth slows this year. The trust shared this outlook yesterday as it unveiled a 76 per cent year-on-year jump in net property income to $20.4
        77 words
      • Article
        Lock icon Big car COE premium sinks to $200
        62 2 AFTER the historic plunge in the small car COE premium two months ago, it was the big car category's turn yesterday. In the second bidding exercise of 2009, Category B certificates of entitlement for cars above 1,600 cc dived to just $200 from
        62 words
      • Article
        Lock icon M'sia rate cut steepest in over a decade
        77 2 MALAYSIA'S central bank cut its benchmark interest rate by the most in more than a decade, exceeding economists' expectations, as a deepening global recession saps demand for the nation's exports. Bank Negara Malaysia lowered its overnight policy rate by three-quarters of a
        77 words
    • Article
      Lock icon Stalled petrochem project may get back on track
      473 4  -  RONNIE LIM By [SINGAPORE] A stalled US$2.4 billion petrochemical investment on Jurong Island held up as the credit crunch hit project financing hopes to get back on track in the first half of this year. Jurong Aromatics Corporation (JAC) is in talks
      473 words
    • Article, Illustration
      Lock icon No reason for Sing dollar's persistent slide: MAS
      375 4  -  CHEW XIANG Neutral stance on S$ intact; policy review unlikely before next meeting in April Reports by [SINGAPORE] The Monetary Authority of Singapore said yesterday its neutral policy stance on the Singapore dollar "remains intact, despite worse-than-expect-ed growth forecasts for this year.
      THE STRAITS TIMES  -  375 words
    • Article, Illustration
      Lock icon Disinflation expected after highs of 2008
      349 4 [SINGAPORE] The consumer price index rose 4.3 per cent in December to bring full-year inflation to 6.5 per cent, but inflation this year is expected to be negative. The Ministry of Trade and Industry yesterday revised its forecast down to -1 per cent to
      BLOOMBERG  -  349 words
    • Article, Illustration
      Lock icon Industrial output keeps sliding
      468 4 [SINGAPORE] Industrial output in December fell by 13.5 per cent year-on-year, leading to a full-year drop of 4.1 per cent for the manufacturing sector, the government said yesterday. "The decline in global manufacturing demand has been pronounced in industries that are important for Singapore, namely electronics,
      IE Singapore  -  468 words
    • Article
      Lock icon Saudi firm loses USsBb in last 3 months of 2008
      459 4 AP, Bloomberg Kingdom Holding's bet on Citigroup failed to pay off [DUBAI] The Saudi investment company that bet big on now-ailing Citigroup and other major global companies said on Tuesday that it lost more than US$B billion in the last
      – AP, Bloomberg  -  459 words
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      109 2 Our qualified professionals W/±l can assist you with offshore 1 structures, shelf companies tip 'a"^J and incorporations in ALL jurisdictions including: aui^^ British Virgin Islands I Cayman Islands I 7^l Bahamas i^l Seychelles I Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize
      109 words
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      91 3 Yafriro Celebrer Le Temps Wishing all a happy prosperous 2009 Thank you for your continuous support e&ftjwi^ "^^^^^^^^^^^^^^^l'-■'■^^^^'"'Ps# A t i iPJmM I I -9_m____\_-% aT J I I PfVb \\______a_____\ XWW^k ll^^^^^W ____^_^_wk Am^m^mm -mmtW W WLaamX^ mv^^ -^k >^m\ m^r^ JS. Yafriro boutique in Hong Kong NOW OPEN
      91 words
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      420 4 NOTICE OF REPORT OF ADMINISTRATIVE RECEIVERSHIP A copy of the administrative receiver's report in respect of Company name Superb Team Limited (In Administrative Receivership) Company Number *****1 may be obtained from, or and inspected during normal office hours at the following address: 20/F, Prince's Building, 10 Chater Road, Central, Hong
      420 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon KepLand reviewing timing of projects
      635 5  -  UMA SHANKARI Q4 profit falls 88% due to slower sales, inclusion in Q407 of restructuring surplus By KEPPEL Land, Singapore's third-largest property group by market capitalisation, said it will conduct a review to see if it can delay building some of its projects as it
      635 words
    • Article
      Lock icon No panaceas for maladies of Beits
      821 5  -  KALPANA RASHIWALA ■HE Monetary Authority of Singapore earlier this month reassured Real Estate Investment Trust (Reit) managers that it will not consider a rise in aggregate leverage that is due to a decline in property valuations as a breach of regulatory limits. This may
      821 words
    • Article, Illustration
      Lock icon CRCT sees China business remaining resilient
      480 6  -  EMILYN YAP Trust's net property income for Q4 jumps 76% to $20.4m; DPU at 2.27 cents By I CAPITARETAIL China Trust (CRCT) expects its mall business in China to remain fairly resilient even as the country's economic growth slows this year. The trust shared
      FILE PHOTO  -  480 words
    • Article
      Lock icon Fortune Reit's Q4 net property income up 6.8%
      325 6  -  ARTHUR SIM By/ FORTUNE Reit has reported a net property income of HK5121.34 million (5523.54 million) for the fourth quarter ended Dec 31, 2008, up 6.8 per cent from HK5113.57 million a year ago. Revenue for the period was HK5166.18 million, 5.1
      325 words
    • Article, Illustration
      Lock icon First Ship Lease revises distribution policy
      471 6  -  NISHA RAMCHANDANI Lower 75-78% Q1 payout seen; 4QOB DPU up 27.3% By THE cloudy outlook for the shipping industry and the capital market have led First Ship Lease (FSL) Trust to revise its distribution policy. Target distribution per unit (DPU) for the first quarter
      471 words
    • Article
      Lock icon SGX members told to put in place business continuity plans
      193 6  -  ZEINAB YUSUF By THE Singapore Exchange (SGX) has introduced new rules requiring member firms to develop robust "business continuity management" (BCM) arrangements. Explaining the need for such arrangements, which come after a public consultation in May last year, the exchange
      193 words
    • Article
      Lock icon At a glance
      163 6 ylc" llgC Full year ended Dec 2008 Three months ended Dec 2008 NET PROFIT TURNOVER NET PROFIT TURNOVER CURRENT I PREVIOUS CHNG CURRENT PREVIOUS %CHNG CURRENT PREVIOUS CHNG CURRENT PREVIOUS %CHNG (Sim) (Sim) —(Sim) (Sim) 1 KeppelLand 227.67 779.65 -70.8 842.17 1407.89 -40.2 68.54 572.34 -88.0 197.39
      163 words
    • Article, Illustration
      Lock icon Beauty China inks deal with Japan's JO Cosmetics
      293 6  -  KEITH CHEE By BEAUTY China Holdings has signed a three-year agreement with major Japanese cosmetics producer JO Cosmetics to manufacture, use and sell cosmetics products under JO Cosmetics' expertise and patents. The agreement is renewable annually after three years, until advanced notice
      FILE PHOTO  -  293 words
    • Article, Illustration
      Lock icon More provisions seen for developers, banks
      524 9  -  JAMIE LEE MARKET VIEWS But non-performing loan ratios unlikely to hit Asian financial crisis levels: Citi By MORE provisions are expected for developers and banks, according to Citi Investment Research. "If you look at the latest (property) transaction, it's still $2,600 per square foot
      524 words
    • Article, Illustration
      Lock icon Manage downside risks first, says ÜBS
      274 9  -  EMILYN YAP By THIS year is one in which investors should manage downside risks rather than actively seek upside gains, ÜBS Wealth Management said yesterday. "Overall market sentiment will be the dominant driver," said the bank's global head of wealth management research Alexander Kobler.
      274 words
    • Article
      Lock icon Market faces post-Budget reality check
      360 9  -  TANG WEN EN In store are poor Q4 results, negative macro numbers: Citi By THE Singapore market may face a reality check in post-Budget trading, says Citi Investment Research. Citi, which had recommended investors to sell into strength in the preBudget market rally, said that
      360 words
    • Article, Illustration
      Lock icon There's no escaping the pain in Asia, says Aberdeen
      615 9 Reuters [LONDON] Infrastructure spending in Asia will ensure that the region is well placed to benefit from the recovery when it comes but there is no escaping the pain now, a large Asian asset management company said on Tuesday. "It's tough
      Reuters; AFP  -  615 words
    • Article
      Lock icon Another proxy advisory firm backs PCCW buyout
      295 9 Bloomberg [HONG KONG] PCCW Ltd chairman Richard Li's proposed buyout won the support of another large proxy advisory firm after he and his co-bidder raised their offer for Hong Kong's biggest phone company. Minority shareholders should accept the HK$4.5O (550.87) a share bid
      Bloomberg  -  295 words
    • COMPANY BRIEFS
      • Article
        Lock icon DBS $4b rights issue fully subscribed
        49 9 DBS Bank said its $4 billion rights issue has been fully subscribed. This is based on initial tallies at the close of the issue on Tuesday. Acceptances and excess applications have been received for more than the total number of rights shares offered.
        49 words
      • Article
        Lock icon PSA planning to borrow US$1b: report
        88 9 Reuters PSA International, Singapore's port operator, is looking to borrow US$l billion for three years and has appointed DBS as arranger for the loan, according to Reuters Basis Point. The proposed syndicated loan will be broken into two tranches and will be denominated in
        – Reuters  -  88 words
      • Article
        Lock icon Hyflux Water Trust Management CEO quits
        98 9 SAUD Ibne Siddique, CEO and non-independent executive director of Hyflux Water Trust Management (HWTM), the trustee manager of the Hyflux Water Trust (HWT), has tendered his resignation "to pursue other career interests". Mr Siddique's last day of service will be Feb 20, following which
        98 words
      • Article
        Lock icon Youcan Foods unit acquires new factory
        105 9 YOUCAN Foods International said its wholly owned subsidiary Youcan Foods Hangzhou Co has entered into an agreement to acquire the land use and development rights of a new factory in Zhejiang province's Hangzhou city. "Our present production facility is scheduled for compulsory acquisition by
        105 words
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      Lock icon Page 5 Advertisements Column 1
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      875 6 A MATS y epuraptais EPURE INTERNATIONAL LTD. (Incorporated in Singapore on 7 November 2005) (Company Registration No. *****5422C) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of the Members of Epure International Ltd. (the "Company") will be held at 460 Alexandra Road, PSA
      875 words
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      Lock icon Page 6 Advertisements Column 2
      139 6 g^NOTICES HOCK GIAP COMPANY (PRIVATE) LIMITED ON VOLUNTARY LIQUIDATION) COMPANY REG.NO: 1970-*****-D NOTICE IS HEREBY GIVEN PURSUANT TO SECTION 308 OF THE COMPANIES ACT, CAP. 50 THAT A FINAL GENERAL MEETING OF THE COMPANY WILL BE HELD ON THE 23RD DAY OF FEBRUARY 2009 AT 10.00 A.M. AT 9 KELANTAN
      139 words
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      Lock icon Page 7 Advertisements Column 1
      1038 7 I 14! »1 '*TJ I Land 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2008 The Directors of Keppel Land Limited announce the following unaudited results of the Group for the year ended 31 December 2008: Fourth Fourth Quarter Quarter Year Year Ended Ended Ended Ended Note 31.12.08 31.12.07
      1,038 words
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      Lock icon Page 7 Advertisements Column 2
      1302 7 Keppel Land Limited Co Reg No: *****0001G (Incorporated in the Republic of Singapore) Pre-tax profit (excluding the fair value gain on investment properties and impairment provision) of $309.6 million was $311.4 million lower than that for last year. Included in 2007 was a surplus of $235.2 million from the restructuring
      1,302 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon UK bank worries, US dive hit stocks
      600 8  -  R SIVANITHY STOCKS No pre-Chinese New Year boost in sight as Obama rally fizzles out ALL Street's 6 per cent collapse on Tuesday the day that new US President Barack Obama was inaugurated didn't exactly create a conducive environment for a pre-Chinese New
      Bloomberg  -  600 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      91 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 4 5 4 0 0 0 4 5 4 lanufacturini 23 63 44 27 67 52 Commerce 16 12 20 15 'pt/Stor/Comms 19 19 :inance 20 20 Construction 'roperties 20 10 20 10 lotels/Rsts iervices 15
      91 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      103 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 23,485 23,485 63,146 63,146 lanufacturing 189,028 16,321 205,349 120,413 375 120,788 lommerce 65,007 6,904 71,911 67,801 978 68,780 "pt/Stor/Comms 67,245 170 67,415 106,260 22 106,282 :i nance 31,538 31,538 240,731 240,731 lonstruction 19,021 751 19,772 1,623 11 1,635 'roperties
      103 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      106 8 lapitaLand 2.610 -0.080 lapitaMall 1.500 +0.060 jtyDev 5.500 -0.250 losco Corp 0.805 -0.010 IBS Grp 8.550 -0.110 :&N 3.020 -0.110 Sent Intl 0.425 -0.010 iolden Agri 0.280 -0.005 IK Land 1.960 -0.130 IMH 18.400 -0.220 ISH 9.750 -0.070 lardineC&C 11.040 +0.340 Ceppel Corp 4.040 -0.110 Ceppel
      106 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      880 8  -  CONRAD TAN SMOOTH ride ahead: Q4 2008 results were in line with the street's expectations and our own. Distribution per unit (DPU) grew 16 per cent y-o-y to 2.71 cents, to form 26 per cent of our forecast for 2008. Gross revenue of $97.2 million was up 56.6
      Bloomberg  -  880 words
    • Article, Illustration
      Lock icon Gold biggest winner after Wall Street crash
      542 8  -  LARRY WEE CURRENCIES Senior Correspondent GOLD was the biggest gainer yesterday as risk aversion rose further, following news that Wall Street's key stock indices had brushed aside any lingering euphoria from the presidential inauguration to finish a painful 4 to 5.8 per cent
      Reuters  -  542 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      63 8 Jan 21 VALUE CLOSE BT OB/OS -806.00 -69.00 BT CADI -*****.00 -92.00 BT 10-day MA -*****.00 -81.00 FTSE ST Mid Cap 349.95 -0.27 FTSE ST Small Cap 289.88 -1.93 FTSE ST All Share 409.93 -3.75 FTSE ST China Top 183.53 -0.17 FTSE ST China 181.06 -1.29 UOB
      63 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 8 VOLUME Golden Agri 66,594,000 Noble Grp 40,800,000 Chart SemiCond 32,594,000 China Honqxinq 27,104,000 Capita Land 26,883,000 Suntecßeit 21,311,000 Sing Tel 19,468,000 Synear 17,220,000 DBS DBeCWO9O7I3 15,848,000 SPH 13,595,000 VALUE(S) UOB 96,590,140 DBS Grp 76,743,038 Capita Land 70,072,948 Sing Tel 49,199,690 Noble Grp 40,185,350 Keppel Corp 36,467,760 SPH
      59 words
    • Article
      Lock icon RISES
      105 8 CLOSE UP 8425 413.7 3.4 GLD 10US$ Jardine C&C 1104 34.0 3.2 UOB 1184 24.0 2.1 OCBC Bk4.5%NCPS 100 8250 10.0 0.1 OCBCC 5.1%NCPS 100 8980 10.0 0.1 STI 2050 DBePW*****2 72.5 7.5 11.5 lall 150 6.0 4.2 93 5.5 6.3 UOB DB ePW*****0 44 5.5 14.3 SPC 228
      105 words
    • Article
      Lock icon FALLS
      120 8 BY CENTS CLOSE DOWN DBS Bk6% NCPS 10 9590 -70.0 -0.7 China H 10US$ 883 -49.7 -3.6 Dain irm 420 -45.1 -6.7 STXPO 100 1062 -38.0 -3.5 JMH 1840 -33.1 -1.2 MS India 10US$ 699 -31.6 -2.9 S I A 1110 -26.0 -2.3 Cifr 550 -25.0 -4.3 HKLand 196
      120 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      85 8 Jan 21 CLOSE CHNG FRJan20 YR 2008/2009 S$ LOW S$ HIGH USS 1.5040 0.20 1.5346 1.3457 Euro 1.9447 0.46 2.2064 1.8640 Pounds 2.0730 1.60 2.8431 2.0663 AS 0.9781 2.41 1.3251 0.9068 Yen* 1.6728 -0.85 1.6910 1.2619 Rupiah* 0.***** 0.65 0.***** 0.***** Baht* 4.3058 0.08 4.4299 4.0190
      85 words
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      511 9 HUB TRUST FIRST SHIP LEASE TRUST (a business trust constituted on 19 March 2007 under the laws of the Republic of Singapore) Managed by FSL Trust Management Re. Ltd. ("the Trustee-Manager") NOTICE OF BOOKS CLOSURE DISTRIBUTION PAYMENT DATE NOTICE IS HEREBY GIVEN THAT the Transfer Books and the Register of
      511 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon S'porean to oversee ÜBS investment banking in Asia
      512 10  -  CONRAD TAN Timothy Chia takes over from Robin Tomlin, who remains as senior adviser By ÜBS has appointed Singaporean Timothy Chia vice-chairman of investment banking in Asia, to help it anticipate shifts in Asian corporate behaviour in the difficult months ahead. Mr
      512 words
    • Article
      Lock icon Job security foremost on their minds
      455 10  -  LEE U-WEN By IT SEEMS like job-hopping will be less rampant this year amid the global economic downturn, if the findings from a new survey are anything to go by. Ambition, a recruitment and contracting group based in Hong Kong, polled 200 people from
      455 words
    • Article
      Lock icon City Gas to cut tariffs
      151 10 GAS tariffs across all categories will be reduced by 6.07 cents per kilowatt hour (kWh) from Feb 1. The 29.2 per cent reduction is due to a fall in the price of fuel oil. Tariffs in the general category will now be 15.14 cents per
      151 words
    • Article, Illustration
      Lock icon KEEPING TRADITION ALIVE
      126 10 A CHALLENGING economy is no reason to give up on important traditions, says OCBC Bank, which held its annual Chinese New Year get-together with its SME customers on Tuesday. This year's dinner at Bellini Grande was attended by more than 600 SME customers and several senior OCBC
      126 words
    • Article
      Lock icon State Bank of India opens AMK branch
      196 10 THE State Bank of India Singapore, part of the State Bank of India (SBI) Group, opened its fourth branch here at Ang Mo Kio Avenue 8 yesterday. SBl's other three branches are in Cecil Street, Little India and Jurong East. It also has
      196 words
    • Article
      Lock icon Uncovering global business opportunities in a downturn
      251 10 INTERNATIONAL Enterprise (IE) Singapore renewed memorandums of understanding with six industry partners at a seminar yesterday. It also signed a new MOU with the Singapore Business Federation to help local companies internationalise through shared resources and programmes. The MOUs that were renewed are
      251 words
    • Article
      Lock icon Big car COE sinks to $200
      468 10 Some ERP rates will fall too from Feb 2 AFTER the historic plunge in the small car COE premium two months ago, it was the big car category's turn yesterday. In the second bidding exercise of 2009, Category B certificates of entitlement for cars
      468 words
    • Article
      Lock icon Govt earmarks $48m for 100 research scholars
      369 10  -  JESSICA YEO ByJ THE government will set aside $48 million to fund up to 100 National University of Singapore and Nanyang Technological University research scholars who will undertake research at the Singapore-MIT Alliance for Research and Technology (Smart). "The funding will also provide
      369 words
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      62 10 The famous "A Room Within A Room" concept originally designed by Eero Aarnio in 1996 Chic retro design A with white exterior A red interior cushioned M wall that is upholstered in fabric Durable stylish V I! fiberglass shell Swivels 360 degrees Removable interior cushions for easy cleaning Shuts you
      62 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon US wants reports from banks with bailout money
      674 11 Bloomberg, Reuters It is asking for monthly updates on loans, purchases of securities [NEW YORK] The US Treasury, under pressure to revive lending, is demanding monthly reports from the banks that received the most capital from the government's US$7OO billion rescue programme.
      – Bloomberg, Reuters; BLOOMBERG  -  674 words
    • Article
      Lock icon S Korea agency cuts growth forecast
      384 11 Reuters [SEOUL] South Korea's economy will grow 0.7 per cent this year, the slowest since the Asian financial crisis a decade ago, hit by the deepening global recession, the country's top government research agency said yesterday. The Korea Development Institute's (KDI) latest forecast was
      Reuters  -  384 words
    • Article, Illustration
      Lock icon French lenders to get 10.5b euros more in state aid
      435 11 Bloomberg [PAßlS] French President Nicolas Sarkozy agreed to provide a further 10.5 billion euros (5520.4 billion) in aid to the country's biggest lenders in exchange for their top executives giving up bonuses. The agreement late on Tuesday to channel the
      Bloomberg; AP  -  435 words
    • Article
      Lock icon FDI in developing nations to fall 31 %: World Bank
      339 11 FDI in developing nations to fall 31 World Bank Bloomberg [TOKYO] Foreign direct investment in developing nations will drop by US$lBO billion, or 31 per cent, this year as a global recession prompts multinationals to cut spending on factories and mines, according to the World Bank. The decline will put
      – Bloomberg  -  339 words
    • Article
      Lock icon Slump raises risk of nations going down protectionist road
      711 11 Reuters Analysts say policies against free trade will worsen crisis [SINGAPORE] The spectre of beggar-thy-neighbour protectionism has emerged as a key global political risk this year. In the major industrial economies and in the developing world, faith in the benefits of
      Reuters  -  711 words
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      86 11 Sf^€Mfc^n \SpreadtheCNY^ Lianhe Zaobao m I festive cheer I with your Staff I Peart Wver Delta's or Business I fivip-staf Associates! pk i \nf Get some Singapore Sweep tickets \Q^* for them this Chinese New Year. WM «v M^^hhh| Free delivery* with minimum order MM WM ID I of 300
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  • SINGAPORE INTERNATIONAL
    • Article
      Lock icon A rich diversity that challenges the imagination
      374 12  -  CHUANG PECK MING Reports by IT may be sandwiched between North and South America, but geographers see Central America as part of North America. A region of the western hemisphere, Central America covers about 521,500 sq km and includes the countries of Guatemala,
      374 words
    • Article, Illustration
      Lock icon Costa Rica is a lot like Singapore
      586 12 The Central American country welcomes foreign investors, offering them substantial incentives, reports CHUANG PECK MING FEW Singaporeans know much about Costa Rica. And probably even fewer Singapore businessmen know what it has to offer. But despite its location in faraway Central America, Costa
      BLOOMBERG  -  586 words
    • Article, Illustration
      Lock icon Cooperation growing with Trinidad and Tobago
      481 12 YOU can buy Tiger Balm in Trinidad and Tobago, a twin city state of 1.3 million in the Caribbean. Singa-pore-based Haw Par Healthcare, which sells healthcare products under the Tiger Balm brand, has a presence there. Singapore's shipping line Neptune Orient Lines (NOL) also
      BLOOMBERG  -  481 words
    • Article, Illustration
      Lock icon Gateway to bigger growth markets
      539 13 Costa Rica's central location means businesses there have quick and convenient access to larger markets in the region, reports CHUANG PECK MING JAVIER Escalante-Madrigal, minister counsellor and consul general at the Costa Rican embassy in Singapore, cannot think of one Singapore company that has set
      LIANHE ZAOBAO  -  539 words
    • Article, Illustration
      Lock icon NOL's Central America ties go back a long way
      587 13  -  CHUANG PECK MING Its shipping line APL started a US-Panama mail delivery service in 1848 Reports by THROUGH APL, an American shipping company it acquired in 1997, Neptune Orient Lines (NOL) has had a "presence" in Central America and the Caribbean
      FILE PHOTO  -  587 words
    • Article
      Lock icon Tiger Balm a familiar brand in region
      199 13 SINGAPORE-BASED Haw Par Healthcare, maker of the world-famous Tiger Balm products, has been in Central America and the Caribbean quite a while in Trinidad and Tobago, the Bahamas, Jamaica and Suriname. "We've been selling in the region through a distributor for many years,"
      199 words
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      207 12 With a global network spanning over 30 cities, IE Singapore takes your Rpfßi r^^^^^yfHWWyß|fjj|H| ffllflnH flnHflHiynfill From Abu Dhabi to Moscow, Hanoi to Sao Paulo, International Enterprise (IE) Singapore's presence iL li L— W l;l_l.i Lti L u JLh JnHHr j f in over 30 leading cities around the world
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      193 13 I 1 IE Singapore Awareness Seminar Series: J 'J~ Grow Your Overseas Business with IE Singapore B lij A half-day seminar designed to empower companies who actively Da(e Wednesday February 2008 ■MW ItIUHIIUIIH seek information to enhance their internationalisation strategies. Time 8.30am 12.15pm Venue IE Singapore 230 Victoria Street, #10-00
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      47 13 'A \tu NAL 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
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  • MALAYSIA
    • Article, Illustration
      Lock icon M'sia rate cut steepest in over a decade
      677 14 Bloomberg Central bank also lowers lenders' reserve requirement for second time [KUALA LUMPUR] Malaysia's central bank cut its benchmark interest rate by the most in more than a decade, exceeding economists' expectations, as a deepening global recession saps demand for the nation's
      Bloomberg; BLOOMBERG  -  677 words
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      Lock icon Rubber producers ready for more output cuts this year
      631 14 Reuters [PUTRAJAYA] The world's top three rubber-producing countries are prepared to cut rubber exports by up to 20 per cent this year and revise the commodity's floor price in another bid to support prices. However, Thailand, Indonesia and Malaysia's willingness to
      Reuters; REUTERS  -  631 words
    • Article
      Lock icon Chinese manufacturers brace for difficult time
      576 14  -  PAULINE NG Half of those polled by ACCCIM will cut staff By in Kuala Lumpur MALAYSIAN Chinese manufacturers are bracing for two to three difficult years ahead in the face of slumping demand, with nearly half of respondents in a recent poll planning to
      576 words
    • Article, Illustration
      Lock icon Tanjong shares up despite downturn
      480 14  -  S JAYASANKARAN Its stock is trading at just eight times 2010 earnings By in Kuala Lumpur Amid a sea of red on the Kuala Lumpur stock exchange, power and gaming company Tanjong pic bucked the trend moving up almost one per cent to close at
      480 words
    • Article
      Lock icon M'sia, Qatar to set up US$1b investment fund
      124 14 Bernama [DOHA] Malaysia and Qatar have agreed in principle to set up a US$l billion investment fund for mutual investment, Foreign Minister Rais Yatim said. He said details of the fund will be finalised at a meeting between Prime Minister Abdullah Ahmad
      Bernama  -  124 words
    • Article
      Lock icon Tenaga, govt to own most of cable project
      352 14 [PETALING JAYA] Tenaga Nasional Bhd and the Finance Ministry will have a majority stake in a special-purpose vehicle set up to build the undersea cable for the RMI6 billion (556.6 billion) Bakun hydroelectric project, reported Starßiz yesterday, citing sources. The Sarawak government,
      352 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Global retailers forced to re-strategise as China slows
      716 15 Reuters Some have been over-extended as their home markets collapse [BEIJING] Recession shockwaves are swamping China's main coastal export zones and spreading, pushing a fragmented and once fast-growing retail sector to consolidate as sales and profit margins shrink. Global giants such as
      Reuters  -  716 words
    • Article
      Lock icon Bourse chief sees India ending grain bans
      344 15 Reuters [MUMBAIJ India is likely to scrap a two-year-old ban on trading wheat and rice futures as large crops and lower prices are forecast this year, a top official at the country's second largest commodities bourse said on Tuesday. Officials curbed trading in
      Reuters  -  344 words
    • Article, Illustration
      Lock icon US regulator probes Satyam
      542 15 Bloomberg, Reuters [NEW YORK] The US Securities and Exchange Commission (SEC) is investigating whether India's Satyam Computer Services Ltd misled investors in an alleged US$l billion accounting fraud, two people familiar with the matter said. Officials from the SEC have discussed the case with counterparts in
      Bloomberg, Reuters; REUTERS  -  542 words
    • Article, Illustration
      Lock icon Obama's inauguration brings sense of foreboding to India
      704 15 -Reuters [NEW DELHI] While his inauguration was feted by many nations, India is worried Barack Obama will not give it the unqualified diplomatic and security backing it seeks, not least over Kashmir. India and United States are at their closest in years
      -Reuters; REUTERS  -  704 words
    • Article
      Lock icon China lawyers to block sale of Qing bronzes
      589 15 Bloomberg [HONG KONG] A planned Paris sale of two Qing Dynasty bronzes from the late French designer Yves Saint Laurent's art collection is raising the ire of Chinese patriots who say they may sue auction house Christie's International because the items were
      Bloomberg  -  589 words
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  • Page 16 Advertisements
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      2482 16 Mandatory Unconditional Cash Offer By Merrill Lynch (Singapore) Pte. Ltd. (Incorporated in the Republic of Singapore) (Company Registration No. *****2883D) for and on behalf of sats one with you Singapore Airport Terminal Services Limited (Incorporated in the Republic of Singapore) (Company Registration No. *****1770G) to acquire all the issued ordinary
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      2739 16 (ii) Overseas platform: SFl's UK-based food services operations have a proven track record of growth. The compounded annual growth rates of its UK-based food services operations, based on revenue and profit before tax for the period from 2003 to 2007, were approximately 14 per cent, and 19 per cent, respectively.
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Short-selling curbs might be counterproductive
      694 17 Reuters European banks voice reservation over lack of coordination [BRUSSELS] Curbs on short-selling, a practice blamed by critics for accelerating falls in bank share prices, have not been proven to work and could be counterproductive, Europe's banks said. Several European Union member states introduced curbs
      Reuters  -  694 words
    • Article, Illustration
      Lock icon BHP to cut 6,000 jobs, or 6% of global work force
      521 17 Bloomberg [SYDNEY] Mining giant BHP Billiton yesterday announced plans to slash jobs, highlighting concerns that the credit crunch, well into its second year, is savaging the real economy. BHP said that it would slash 6,000 jobs, or about 6
      Bloomberg; AFP  -  521 words
    • Article, Illustration
      Lock icon Tech bellwethers IBM, Ericsson beat forecasts
      525 17 Reuters [NEW YORK] Forecastbeating outlook and results from technology bellwethers IBM and Ericsson overshadowed mounting worries over the stricken banking sector. International Business Machines (IBM) issued a 2009 profit outlook that blew past Wall Street expectations. That underscored the ability of the world's top
      Reuters; REUTERS  -  525 words
    • Article
      Lock icon AIG not renewing Man U sponsorship
      317 17 Reuters [LONDON] Insurance giant American International Group will not renew its shirt sponsorship deal with European and world club soccer champions Manchester United. The American company also said in an e-mail sent to Reuters that it was "in active discussions" with the club regarding
      – Reuters  -  317 words
    • Article, Illustration
      Lock icon Pandit declined stock award
      408 17 Bloomberg [NEW YORK] Citigroup gave stock incentive awards to executive committee members excluding top officers, who declined payouts after the bank lost three quarters of its market value and accepted US$45 billion in US bailout funds. The awards begin to vest if the share price more
      Bloomberg  -  408 words
    • Article
      Lock icon Google shuts down programme selling newspaper ads
      410 17 Reuters The business wasn't making enough revenue, it says [NEW YORK] Google Inc is abandoning a programme to sell newspaper advertising because it is not making enough money, a blow to its efforts to expand its ad expertise beyond the Internet. Google will
      ■ Reuters  -  410 words
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  • AVIATION
    • Article, Illustration
      Lock icon Aerospace firms here more optimistic than expected
      491 18  -  YEN SREENIVASAN Only 1 in 3 see 2009 output dropping, but more than half plan to cut costs By\ [SINGAPORE] A third of Sin-gapore-based aerospace companies are downbeat about business prospects this year, according to a survey by the Association of Aerospace Industries
      FILE PHOTO  -  491 words
    • Article
      Lock icon Frankfurt airport owner sticks to 2008 earnings outlook
      276 18 Bloomberg [BERLIN] Fraport AG, owner of Frankfurt airport, is sticking to the outlook for 2008 earnings, while traffic this year is likely to decline, chief executive officer Wilhelm Bender said in an interview. Fraport isn't shifting from earlier statements that earnings before
      – Bloomberg  -  276 words
    • Article
      Lock icon A3BO flyover to honour late aviator
      204 18 AFP [SYDNEY] Pioneering Australian aviator Nancy Bird Walton, who first flew in a tiny Gypsy Moth aircraft, was honoured with a state funeral and a flyover by the world's biggest passenger jet yesterday. A Qantas A3 80 superjumbo, named in Ms Walton's honour shortly
      AFP  -  204 words
    • Article
      Lock icon Travel cutbacks to hit aviation sector: Gartner
      279 18  -  NISHA RAMCHANDANI Video conferencing will replace 2.1m airline seats a year By I [SINGAPORE] Companies are cutting back on business travel and turning to video conferencing to shave costs a move that threatens to have a big impact on the aviation and hospitality
      279 words
    • Article
      Lock icon SIA gets first of 19 Airbus 330-300 planes
      244 18  -  NISHA RAMCHANDANI By [SINGAPORE] Singapore Airlines (SIA) has received the first of 19 new Airbus 330-300 aircraft yesterday, and plans to use the model to replace the Boeing 777-200 on medium haul routes to Australian and Japanese cities progressively from March. The
      244 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2606 18 vuudi o^cwj uuuu crvo^? uuiu i ivin?icw ioiu ivnoou lit j I reiidiiy ivin^u^i iuu ivin^u^i 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
      2,606 words
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  • Page 18 Miscellaneous
    • Miscellaneous
      Lock icon Page 18 Miscellaneous Column 1
      337 18 CRYPTIC CROSSWORD ACROSS 1 Finest sort of shakedown (4) n —r^ —i 1^ —hj—^—^—^H/ —He 9 Teacher went before contrac- I 10 Actor to begin but not finish HH__HH__^J__^J__L J__^J__^J__ ing-place in town (10) flamboyance (7) l__^l_ _l J_^H_^H__H H__H 16 Rabbit having small cake be- I' 6 r? I
      337 words
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  • SHIPPING/TRANSPORT
    • Article
      Lock icon China Merchants to slash capital spending
      397 19 Bloomberg Capital expenditure may fall up to 50% as trade wanes [HONG KONG] China Merchants Holdings (International) Co, the investor in ports moving a third of China's containers, expects capital expenditure to fall as much as 50 per cent this year as trade wanes
      Bloomberg  -  397 words
    • Article, Illustration
      Lock icon Daewoo Shipbuilding sale scrapped, says report
      368 19 Bloomberg Buyer Hanwha had planned to pay in instalments but was rejected [SEOUL] Daewoo Shipbuilding Marine Engineering Co's 6.3 trillion won (556.9 billion) sale to Hanwha Group was scrapped by Korea Development Bank, said a person familiar with the transaction. Executives at Korea Development
      – Bloomberg; REUTERS  -  368 words
    • Article
      Lock icon Likelihood of UPS-DHL deal in doubt
      534 19 -AP [ATLANTA] UPS Inc's talks with DHL about carrying some of its air packages have gone into overtime, raising questions about whether a deal will ultimately be struck. When the talks were announced last May, DHL said that it expected to finalise a contract
      -AP  -  534 words
    • Article
      Lock icon Mascalzone Latino wins Key West regatta
      125 19 -AP [KhY WhS 1, MoridaJ Italian businessman Vmcenzc Onorato raced Mascalzone Latino to a win and a second-place finish at the Acura Key West regatta on Tuesday. After the two Farr-40 class races, Mr Onorato's team has a solid six-point lead over defending champion
      -AP  -  125 words
    • Article
      Lock icon Excel calls off deal to buy ship
      213 19 Bloomberg [NEW YORK] Excel Maritime Carriers Ltd, a transporter of raw commodities such as iron ore and coal, cancelled an agreement to buy a Supramax-class ship and will pay a fee of US$l4.7 million in cash and stock. Excel will pay U557.25 million
      – Bloomberg  -  213 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        102 19 '000 :H Offshore Ihuan Hup Hldgs losco Corp ZWTLtd Ezra Hldgs rirst Ship Lease rreight Links jrand Banks laya Hold Ltd <1Ventures <eppel Corp V1TQ Corp MOL Pacific Shipping 3an-United Corp Rickmers Mari iamudera Ship iembcorp Indust iembcorp Marine ipore Ship 0.24 0.19 0.81 0.33 0.67 0.47 0.04 0.70
        102 words
      • Article
        Lock icon KLSE
        37 19 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings 0.55 8.60 8.50 2.53 2.38 unch unch 0.03 -0.05 unch -0.04 unch unch unch 68 407 302 801 1 0 0
        37 words
      • Article
        Lock icon BANGKOK
        12 19 ■oo ■recious Ship Jegional Cont .11.10 ...6.50 0.20 -0.10 998 576
        12 words
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        Lock icon HONGKONG
        11 19 '000 Doil iingamas Cont 16.06 0.81 -0.58 -0.03 923 4916
        11 words
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        Lock icon PHILIPPINES
        22 19 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.50 13.25 unch unch -0.40 -0.50 unch unch 322 407 0 0
        22 words
      • Article
        Lock icon TAIPEI
        24 19 Ian Evergreen Marine ...13.40 :irst Steamship 31.70 /Van Hai Lines 13.55 r"ang Ming Marine 8.96 unch 1.10 0.75 -0.04 5 5 4 8
        24 words
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        Lock icon TOKYO
        35 19 '000 :awasaki Hvy Ind...175.00 -10.00 ***** :awasaki Kisen 345.00 -9.00 5545 /litsubishi Hvy 348.00 -8.00 ***** /litsui Eng&Sbldg...143.00 -5.00 5647 /litsuiOsk Lines ....523.00 -31.00 ***** lippon Express 333.00 -10.00 3502 lipponYusen 464.00 -22.00 8832
        35 words
  • Page 19 Advertisements
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      22 19 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email m\ notices@sph.com.sg.
      22 words
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      Lock icon Page 19 Advertisements Column 2
      97 19 THE HEARTBEAT OF THE INDIAN COMMUNITY B"* M V BUDGET WU^Y b 2009 BEST WHAT DOES IT MEAN FOR YOU? MUSIO L^l ?JM ONLY ON V^'iHßffil IQD6V S BIST MUSX Pick up your FREE copy at all \p^|P^"^^^"^M^i^^ 7-Eleven outlets, Mustafa, A( C U i Saravanaa Bhavan, White Water Cafe,
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  • EDITORIAL & OPINION
    • Article
      Lock icon Obama must act on economy swiftly
      524 20 The Dow Jones Industrial Average greeted President Barack Obama by falling 4 per cent on Tuesday the most on any Inauguration Day in the history of the index. It may be a foretaste of things to come. So it was good that Mr Obama's
      524 words
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      Lock icon How Asia can profit in the long term
      887 20  -  ANTHONY ROWLEY Changing the pattern of investment will get capital flowing in the region again EXT week will bring publication of data on what has happened to private capital flows from the developed to the developing world since the global economic crisis
      REUTERS  -  887 words
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      Lock icon America needs to re-create self-sustaining spending
      728 20  -  PAUL SAMUELSON THE BOTTOM LINE ONE lesson was learned from the 1929-1937 Great Depression. Slow and feeble response from President Herbert Hoover allowed a weak 1930 Main Street recession to metastasise into the malignant cancer of long-lasting depression. The three years following the 1929
      728 words
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      Lock icon Some advice for Geithner
      2158 21  -  LUIGI ZINGALES Bear in mind that the interest of the country does not necessarily coincide with the interest of the banks By TIMOTHY Geithner wiU be confirmed as the new Secretary of Treasury today. Never before in US history has this position been so important. Mr
      AFP  -  2,158 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8523 22 Transaction date: Jan 21 52-wks Tel High Low Code Last Sale Vol Day Last Quote Div Gr Yld Net COOP) High Low Buyer Seller C'vr P/E M Cap Sinil Company 9 3 3148 8Telecom 12.5 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 30.5 12 5000 ABRHIdgs
      8,523 words
    • Article
      Lock icon SGX CATALIST
      1806 23 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
      1,806 words
    • Article
      Lock icon SGX XTRANET
      69 23 52-Wk Tel h Low Code Last Sale Vol fOOO) Day 111 Low Last Quote Buyer Seller Div GrYld C'vr Net MCap P/E Slllil _Hm Comi _Hm ***** ***** 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS 335
      69 words
    • Article
      Lock icon CLOB INTERNATIONAL
      74 23 52-Wk Tel High Low Code Last Sale Vol COOP] Day Last Quote Low Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi Hii 90.4 36.5 6000 AVJennings 13 4 6134 Over&Gen 27 6 6017 StarCruises 250 104 6019 TanChonglnt A44 A8 USS HK113 -1 -0.5 +3 8
      74 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8798 23 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.403/ AIGIF Spore Bond Fund/A 1.226/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.61/ APS Alpha Fund (USD)!** 0.4/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.6047/ APS Komaba Global
      8,798 words
  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      34 22 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. Jtt ;-i K S 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676. ;\i■■'■'« Internet: Http://www.audemarspiguet.com B^^^* 11 B| 9Pi- :iS
      34 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      371 24 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jan 20 World Index Preliminan 628.6 -1.9 -44.5 -1.6 -44.7 -2.7 -47.3 EAFE Preliminai 603.0 -1.6 -46.2 -2.1 -48.6 -3.2 -51.1 Euroi Preliminan 841.0 -1.5
      371 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      125 24 As at 9am Jan 21 >f foreign currency: lurrencies Bid Offer wst dollar 0.9690 1.0010 .an dollar 1.1860 1.2010 luro 1.9340 1.9570 IZ dollar 0.7770 0.7950 iterlini ind 2.0830 2.1080 JS dollar 1.5010 1.5200 .ocal dollars to 100 units if foreign currency: Currencies Bid Offer :hi
      125 words
    • Article
      Lock icon INTERBANK RATES
      172 24 Jan 21 *L Offer Bid Overnight 1/16 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 1/16 US$ Offer par 3/16 5/16 7/16 BJd 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 0.25 0.55 1.00 1.30 1.70 2.10 2.20 Offer 0.15 0.35
      172 words
    • Article
      Lock icon STOCK INDEX FUTURES
      25 24 Jan 21 en Hie Sett STI SIMSCI Jan 201.8 207.7 206.7 Taiwan Jan 152.0 159.4 157.7 Source: MF Global (S) He. Ltd
      25 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 24 Jan 21 SS Bid Offer 1-month 1.5042 1.5061 2-months 1.5037 1.5058 3-months 1.5031 1.5053 6-months 1.5021 1.5043 Source: OCBC
      22 words
    • Article
      Lock icon PALM OIL
      63 24 Jan 21 ICE PALM FUTURES (RM/MT) lelivery Opening Sett Av lonth Range Price Price Hi Vol Open Done Position Low :eb09 1827 1820 1832 1810 727 5639 *arO9 1816 1819 1825 1799 1363 ***** \pr 09 1810 1809 1828 1792 7747 ***** day 09 1821 1800 1826 1794
      63 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      297 24 Jan 21 URODOLLAR FUTURES VlarO9 unO9 >epO9 DecO9 98.9400 98.9950 98.9650 98.8350 ***** 3799 4508 1612 EUROYEN TIBOR FUTURES VlarO9 99.500 99.500 lunO9 99.505 99.505 >epO9 99.535 99.535 DecO9 99.530 99.530 VlariO 99.465 99.465 un10 >ep10 DedO 99.395 99.505 99.535 99.525 99.465 99.400 99.520 99.535 99.505 99.435
      297 words
    • Article
      Lock icon SICOM FUTURES
      188 24 Jan 21 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) 0/1 lots) Feb 09 149.6 MarO9 152.0 Apr 09 May 09 JunO9 155.0 Jul 09 157.5 147.0 150.0 155.0 157.5 147.0 150.0 154.5 155.0 155.0 155.0 14 40 2 8 615
      188 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      89 24 Jan 21 Period Issue code Maturity Yesterday's Bid Day's |h Low Hi, 3-Month BQ*****F 23.04.09 1-Year BY*****V 02.11.09 0.28 0.49 0.20 0.20 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****T 4.625 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A 4.000 15-Year
      89 words
    • Article
      Lock icon CHICAGO BOT
      102 24 Jan 20 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Mar 09 992.00 1020.00 1037.00 977.50 May 09 1001.00 1029.00 1045.25 986.75 Jul 09 1011.00 1038.50 1055.00 999.00 AugO9 1005.50 1032.00 1032.25 994.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 09 33.81 34.59 35.20 33.12
      102 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 24 CRUDE OIL PRODUCTS Jan 20 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 45.27 1.00 WTI (Near Mth) 38.53 3.88 Dubai (1-Mth F) 41.27 -2.29 Tapis blend 46.25 -1.55 Minas 43.15 -2.25 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 41.22 55.80 -1.10 -4.10 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon INTERBANK CROSS RATES
      463 24 Jan 21 AS Rmb Euro HKS IndRsRi Yen Won RM NZS Pak Rs Peso i« Rand Sfr NTS Baht Pound us: Australia 0.827 4.458 0.505 5.058 32.078 73.007 0.586 8.951 2.360 1.243 52.422 30.989 0.981 6.648 0.748 21.891 22.779 0.472 0.652 Canada 1.209 5.391 0.611 6.116 38.792
      463 words
    • Article
      Lock icon SIBOR
      76 24 Jan 21 6mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP Mid rates (Ss) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 1.***** syrs 1.***** 7yrs 2.***** 10yrs 2.***** 12yrs 2.***** 15yrs 2.***** Source: Thomson Reuters (US$) (SS) 0.***** 0.***** 1 mth 2 mths 0.***** 0.***** 3 mths 1.*****
      76 words
    • Article
      Lock icon PRECIOUS METALS
      143 24 Jan 21 GOLD (USS/oz) Jan 21 Jan 20 Hong Kong London 851.80 824.20 852.80 825.20 Jan 20 Jan 19 861.10 834.05 863.10 836.05 Source: Thomson Reuters CAST BAR (S$) Jan 21 Buying Sellini Kilobar "43,974.86" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm
      143 words
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      Lock icon INTERBANK CURRENCY RATES
      156 24 Jan 21 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9804 0.9820 0.6517 0.6520 Canadian dollar 1.1858 1.1874 0.7882 0.7884 Euro 1.9411 1.9439 1.2903 1.2907 NZ dollar 0.7886 0.7903 0.5242 0.5247 Sterling 2.0788 2.0814 1.3818 1.3821 US
      156 words
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      Lock icon LONDON METALS
      69 24 Jan 20 Co iiuiii, yy.i (US$/tonne) Close Previous Cash 1365.20 1388.00 3 months 1400.00 1423.00 Copper, Grade A (US$/tonne) Cash 3 months 3310.00 3341.00 3397.50 3430.00 Lead (US$/tonne) Cash 1161.00 3 months 1165.00 1175.00 1179.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
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      Lock icon LIFFE
      66 24 Jan 20 COCOA (Btonne) Close Prev Hii ih/Low Mar 09 1866 1780 1885/1788 May 09 1846 1754 1860/1769 Jul 09 1828 1744 1836/1758 SepO9 1816 1732 1830/1750 COFFEE (US$/tonne) Close Pev High/Low Jan 09 1980 1990 1990/1962 SUGAR (US tonne) White Close Prev High/Low Mar 09 347.5 345.0 348.9/338.0
      66 words
    • Article
      Lock icon BONDS & WARRANTS
      2380 24 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 halt 1 17 156 1.50 1 87 1246 13.00 43 19 )092 Asia Environment W*****4 0.5 1481 Asia Water Tech W*****0 18.5
      2,380 words
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      2621 26 F^l Iffll EASTERN CAR LINER, LTD I E^SJSIXK_I ill—__—l SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS [B—B I||||||||lmlll|||||||||_^_^M 111 mp(KT) I Lilting(KT) I SIN I PKL I KUC I LCB I JKT I SUR I VOV !TA !TD IstiMn PCL/PHL SERVICE AMX SERVICE Connecting ECL Svc via MALTa| I
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      2974 27 ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number SIN Dest'n
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  • BizIT
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      Lock icon 3G subscriber base tops 30% in S'pore: poll
      927 28 Data usage set to grow as 3G becomes mainstream, writes AMIT ROY CHOUDHURY SINGAPORE'S thirdgeneration mobile telephony (3G) subscriber base crossed the 30 per cent (of total mobile subscribers) threshold in 2008, making it one of the top markets in Asia in
      FILE PHOTO  -  927 words
    • Article
      Lock icon Cisco plans big push into server market
      449 28 NYT [SAN JOSE] Within the next few months, Cisco Systems, the largest maker of networking equipment, plans to release a product that threatens to shake up the technology industry and put the company on a collision course with traditional partners like Hewlett-Pack-ard and
      NYT  -  449 words
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      Lock icon Festive sales of flat-panel TVs show a pretty picture
      472 28  -  WINSTON CHAI Sales volume across electronics stores climbed 27% in Dec By1 IF TELEVISION sales are anything to go by, the ongoing recession may have the unintended side effect of spawning a nation of couch potatoes. This is because as the
      FILE PHOTO  -  472 words
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      Lock icon M1 sits out IDA's latest spectrum sale
      539 28  -  ONG BOON KIAT By( MOBILEONE (Ml) has decided to sit out of the latest spectrum sale by the Infocomm Development Authority of Singapore (IDA). But rivals SingTel and StarHub will bid. The reward for the winner: more precious air space in which to
      539 words
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      Lock icon Video bandwidth sizzles from Obama inauguration
      317 28 NYT [NEW YORK] MiUions of cubicle dwellers across America helped set records for Internet traffic on Tuesday as they watched online video of the inauguration ceremonies or at least tried to. The overwhelming demand meant that some websites and data networks had trouble keeping
      NYT  -  317 words
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  • PROPERTY
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      Lock icon UK property firms ponder funding
      819 29 Reuters Share placements, rights issues on the agenda as firms try to stay above water [LONDON] Britain's quoted property sector needs billions of pounds to fund a fight for economic survival, and a slew of costly share issues could be inevitable as lenders face their
      Reuters; AP __ _7  -  819 words
    • Article
      Lock icon Great time to buy, says fund manager
      413 29 Bloomberg [LONDON] First Property Group, a UK commercial property fund manager, may spend as much as £200 million (*****.5 million) in the next two years on commercial property in central and eastern Europe as the collapse in prices creates buying opportunities. "All sellers
      Bloomberg  -  413 words
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      Lock icon Texas property developer hits the wall
      414 29 Bloomberg [WILMINGTON, Delaware] Wall Homes Inc, the builder that constructed a north Texas home for ABC Television's reality show Extreme Makeover: Home Edition, has sought bankruptcy protection from creditors. The company, based in Arlington, Texas, listed assets of less than US$l million and debt
      – Bloomberg; ABC  -  414 words
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      Lock icon Peninsula plans Paris hotel, its first in Europe
      348 29 -AFP Venture with Qatar follows forays into Tokyo, Shanghai [HONG KONG] The company behind the Peninsula, one of Asia's most prestigious hotel groups, has announced it will develop a new destination in Paris, its first foray into the European market. Hongkong and
      -AFP  -  348 words
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      Lock icon KepLand achieves Green Mark in Vietnam
      229 30  -  (EITH CHEE Estella condo project expected to yield annual cost savings of $850,000 By I THE Estella, a condominium being developed by Keppel Land, has become the first property in Vietnam to be granted the Green Mark Gold award by the Building and Construction
      229 words
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      Lock icon Insurance group sees US$25b in claims from storm losses
      328 30 Bloomberg [NEW YORK] US property-casual-ty insurers are expected to pay more than US$25 billion in claims from homes and businesses damaged by a string of catastrophes in 2008, the most since 2005, according to a trade group. Insurers paid about 3.9
      Bloomberg  -  328 words
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      Lock icon Hypo Real Estate gets 12b euro debt guarantees
      390 30 Bloomberg [MUNICH] Hypo Real Estate Holding, the property lender bailed out by the German government, will get an additional 12 billion euros (S$ 2 3.3 3 biUion) in debt guarantees as it negotiates a longer-term capital injection. "Negotiations between Hypo Real Estate
      – Bloomberg; AFP  -  390 words
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      Lock icon Big borrowers drive up defaults on US commercial mortgages
      362 30 Bloomberg [NEW YORK] Defaults on large loans drove US commercial mortgage delinquencies last month to the highest in about five years as the global recession widened the type of souring debt, according to Fitch Ratings. Payments more than 60 days late
      – Bloomberg  -  362 words
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      197 29 To advertise your IVI Call toll-free 1800 289 8822 I or email notices@sph.com.sg 12 Year Lease to Public Company. For sale by offers to purchase closing Thursday sth February 2009. New development available on completion in 2010 Potential significant stamp duty saving 85% leased to Monadelphous a publicly listed company
      197 words
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