The Business Times, 23 January 2009

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Total Pages: 34
1 34 The Business Times
  • 19 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Friday, January 23,2009
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  • 1204 1  -  ANNA TEO Budget 2009 dips into reserves for $20.5b 'resilience package' By [SINGAPORE] Exceptional measures for these extraordinary times. Singapore has pulled out all the stops including novel initiatives and a first foray into the reserves in a $20.5 billion big-bang response
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  • MARKETS DIGEST
    • 43 1 1 COMP 879.02 +5.61 IIKKEI225 8,051.74 +150.10 1ANG SENG 12,657.99 +74.36 ;et index 438.27 +7.04 JAKARTA COMP 1,327.32 +5.87 1ANILA COMP 1,863.52 +23.40 ;eoulcomp 1,116.23 +12.62 ;henzhenb 285.12 +3.53 IUMBAI IND 8,813.84 +34.67 11AM EST Change )OW 8,036.15 -191.95 IASDAQ 1,459.04 -48.03
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    • 29 1 SINGAPORE 5.38 MALAYSIA 6.63 HONG KONG 5.00 INDONESIA 16.382 TAIWAN 6.316 JAPAN 1.475 KOREA 9.33 BRITAIN 1.50 US 3.25 CANADA 3.50 SWITZERLAND 0.53 INDIA 13.00 Source: Bloomberg
      Bloomberg  -  29 words
    • 42 1 IS$ (S$ per US$) 1.493 (US$/S$ per 1.392 2.077 :UR0 (US$/S$/E) 1.300 1.941 Foreign currency per US$ S$ 'EN 89.30 59.80 3.612 2.419 IK$ 7.759 5.198 !AHT 34.89 23.37 lUPIAH 11,213 7,512 1ENMINBI 6.837 4.580 INDIAN RUPEE 48.97 32.81 1.514 1.014
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 82 1 JFJESI OSCAR CHINA CORPORATE ART OF WAR I I T|f¥ NOMINATIONS ECONOMY RESULTS Zap for Sun Tzus strategies! I Urn Benjamin Button leads Q4 growth slumps Keppel Corp: 2008 Win an Egg Pod chair! H 2^ D with 13, Slumdog 10 page 21 to 6.8% page 2 profit dips 2.9%
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    • 40 1 GUEST COMMENTATORS Alvin Liew, Stanchart PAGE 5 Owi Kek Hean, KPMG PAGE 6 David Sandison, PwC PAGE 7 P X Basu, Daiwa Institute of Research PAGE 10 EDITORIAL: Remarkable Budget, but will banks oblige? PAGE 3 MORE REPORTS: PAGES 3-10
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  • TOP STORIES
    • 456 2 Bloomberg For the whole of 2008 growth was 9%, down sharply from 13% in 2007 [BEIJING] China's economy expanded at the slowest pace in seven years as the global recession dragged down exports, increasing pressure for more government spending and lower interest rates to
      – Bloomberg; National Bureau of Statistic, AFP graphic  -  456 words
    • 434 2  -  GENEVIEVE CUA Group aims to raise USs2ob to repay govt loan: report By [SINGAPORE] Troubled insurer AIG has taken the first steps to sell off its Asian life insurance operations which it has described as its "crown jewels". The Financial Times reported that
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    • THREE-MINUTE DIGEST
      • 76 2 SINGAPORE has pulled out all the stops including novel initiatives and a first foray into the reserves in a $20.5 billion big bang response to the economic tsunami it's engulfed in. Widely hailed as bold and responsive, the 2009 Budget or what
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      • 66 2 CHINA'S economy expanded at the slowest pace in seven years as the global recession dragged down exports, increasing pressure for more government spending and lower interest rates to buoy growth. Gross domestic product grew 6.8 per cent in the fourth quarter from a year
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      • 80 2 KEPPEL Corp saw a 2.9 per cent dip in full-year 2008 net profit to about $1.1 billion from about $1.03 billion in 2007. Including minority interests, net profit dropped 20 per cent to $1.32 billion from 2007's $1.65 billion, which included about
        80 words
      • 80 2 THE troubled start to Creative Technology's financial year dragged into its second quarter, with the company yesterday announcing its biggest loss in 11 quarters. Net loss for the three months to Dec 31, 2008, was U5532.4 million, with loss per share of US$O.44.
        80 words
      • 65 2 CMT's Q4 distributable income falls 2.1 CAPITAMALL Trust, Singapore's biggest property trust, said that distributable income for the fourth quarter fell 2.1 per cent as it faced higher finance costs. Distributable income for the three months ended Dec 31, 2008, was $61 million, down from $62.3 million in 2007. Distribution
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      • 60 2 AS THE recession bites, Singapore's target of a million foreign patients in four years' time is losing its shine. "Given the severe global economic downturn, it will be a challenge to meet the earlier target of one million foreign patients by 2012," Health Minister
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      • 53 2 TOP contract chip maker TSMC has booked its weakest quarterly net profit in nearly six years as a slowing economy crimps chip demand, and forecasts that it could dive to a loss in the current quarter, its first quarterly loss since 1990. GREATER
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      • 68 2 ASIA-PACIFIC airlines saw passenger and cargo traffic sink in the second half of 2008, though a relatively robust first half prevented a sharp slide in full-year numbers. The Association of Asia Pacific Airlines yesterday released data showing its member airlines carried 141.5
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  • Page 2 Advertisements
    • 410 2 I Budget 2009 Date Minister for Finance, Mr Tharman Shanmugaratnam, delivered his Budget Friday, 6 February 2009 Statement in Parliament yesterday. Both as a business and an individual, how would these changes affect you? What are your options? Are there any opportunities available? 9.00 am to I.oopm Come join us
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    • 460 2 2009 Ernst Young Solutions LLP. All Rights Reserved. Budget seminar 2009 Restoring confidence in the economy Budget 2009 is about taking action to restore economic confidence and put Singapore Thursday, 5 February 2009 back on the path to growth. It is about helping businesses and individuals survive this 9:00 a.m.
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  • BUDGET 2009: STRATEGY
    • 853 3 EDITORIAL EXTRAORDINARY times call for extraordinary responses. Faced with the worst recession in Singapore's history, Finance Minister Tharman Shanmugaratnam had to think out of the box and pull out all the stops. This is what he has done in the Budget for FY '09.
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    • 818 3  -  CHEW XIANG It is dipping into past reserves for the first time as it seeks more flexibility By THE government is, for the first time, drawing $4.9 billion from its "substantial" past reserves to help fund a record $20.5 billion spending plan, but the size
      ARTHUR LEE  -  818 words
  • Page 3 Advertisements
    • 433 3 Minister for Finance Mr Tharman Shanmugaratnam will deliver his Singapore Budget speech on 22 January 2009. PwC Budget Seminar 2009 How will the latest Budget measures affect your Who should attend business in these uncertain times? Find out at the annual CEOs, CFOs, financial PricewaterhouseCoopers (PwC) Budget Seminar. "SSSSSSjSS^ PwC
      433 words

  • BUDGET 2009: JOBS
    • 1014 4  -  CHUANG PECK MING Temporary Jobs Credit scheme gives employers money to lower cost of employing S'poreans By' THE government is doing the unthinkable by resorting to the one resource it has plenty of to save jobs cash. In an unprecedented move, it will
      AFP  -  1,014 words
    • 693 4  -  LEE U-WEN WDA will also help PMETs by doubling conversion courses to 46 over the year By WITH a growing number of Singaporeans at risk of being retrenched this year due to the global economic downturn, the government is pulling out
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    • 1433 5  - A crutch for jobs but brace for a rocky ride ALVIN LIEW COMMENTARY Still, it's a pain-relieving Budget that helps businesses and households cope with recession THE latest Singapore Budget for FY2009 was unprecedented in more ways than one. It exceeded most expectations in terms of size and the radical
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  • Page 4 Advertisements
    • 355 4 Budget 2009 Seminar How will this year's Budget impact you and your business? The 2009 Singapore Budget speech was delivered on 22 January. Find out more in our seminar where Deloitte's Tax partners and CIMB-GK Research's Regional Economist, Song Seng Wun will share their insights on this Budget announcement. The
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  • Page 5 Advertisements
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  • BUDGET 2009: BUSINESSES
    • 950 6  -  CHEN HUIFEN It expects that the changes could lead to $11b worth of loans this year By BUSINESS owners are happy to hear of the $5.8 billion Special Risk-Sharing Initiative (SRI) announced by Finance Minister Tharman Shanmugaratnam yesterday, but remain sceptical on how
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    • 540 6  -  AMIT ROY CHOUDHURY This includes $200 m in test-bedding fund to nurture new ideas By BUILDING on last year's enhanced tax incentives for innovation and research and development, the government has announced a range of grants to develop new capabilities. Delivering the
      FILE PHOTO  -  540 words
    • 111 6 'The Government's latest Special Risk-Sharing Initiative is definitely a positive move. UOB, as a dominant player in the SME market, welcomes the initiative and we look forward to helping more SME customers overcome the challenges they may face during these tough times.' United Overseas Bank spokesperson 'The
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    • 859 6  -  OWI KEK HEAN COMMENTARY The Budget may not go far enough, given the one to two-year time-frames allowed for initiatives to bear fruit FACED with what looks like the worst recession in years, many Singaporeans hoped that Budget 2009 would deliver bold measures to revive
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  • BUDGET 2009: CORPORATE TAX
    • 729 7  -  LYNETTE KHOO Extensions of loss claims, exempting foreign incomes from taxes help too By WITH an eye on Singapore's longer-term competitiveness, the government has decided to cut corporate tax by one percentage point to 17 per cent for the year of assessment (YA) 2010.
      PwC  -  729 words
    • 876 7  -  DAVID SANDISON COMMENTARY The government has demonstrated its ability to listen to industry feedback LAST year's Budget, delivered admittedly in comparatively good times, could be said to have met expectations at the time. There was no need to bring down corporate taxes
      YEN MENG JIIN  -  876 words
    • 529 7  -  LYNETTE KHOO By THE financial and aerospace clusters got a shot in the arm in this year's Budget. To reinforce Singapore's hub status in these sectors, the government is enhancing its existing tax incentives. Finance Minister Tharman Shanmugaratnam noted that it
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    • 50 7 With the corporate tax rate cut, the difference between the top rate of personal tax of 20 per cent and the corporate rate is widened to three percentage points. It will give sole proprietors more incentive to consider corporatising their business.' Helen Bok, tax director, Ernst Young
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  • BUDGET 2009: PROPERTY
    • 784 8  -  KALPANA RASHIWALA Annual value to be assessed earlier and is hoped will reflect weaker rental scene By THE government yesterday announced a 40 per cent property tax rebate for industrial and commercial properties as well as own-er-occupied residential properties, but not for rented residential
      YEN MENG JIIN  -  784 words
    • 708 8  -  ARTHUR SIM By i THE government is already looking beyond the current crisis and will spend $4.4 billion to "build a home for the future". "We should take the opportunity of this downturn to build our capabilities and infrastructure, and
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    • 724 8  -  KALPANA RASHIWALA COMMENTARY Demand boosters that developers had put on their wish-list aren't in Budget By THE Budget's measures to help the property market suggest the government is saving its bullets in case the economic situation worsens. The measures announced by Finance Minister Tharman Shanmugaratnam
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    • 156 8 'The proposed 40 per cent property tax rebate is a most welcome relief for property owners and businesses alike. If these savings are passed on to tenants, it would have an immediate effect of reducing significantly the cash flow burdens for businesses. Cheaper rents are as good
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  • BUDGET 2009: INDIVIDUALS
    • 478 9  -  EMILYN YAP But many welcome rebate and instalment period extension By BITTERSWEET. That was how a market watcher described the government's tax assistance for individuals in yesterday's Budget. While the personal income tax cut which many had hoped for did not materialise,
      PwC International Assignment Services (Singapore) Pte Ltd  -  478 words
    • 446 9  -  EMILYN YAP By THE government is spending $2.6 billion to cushion households amid tough times. Help ranges from more credits for the goods and services tax (GST) to greater public assistance handouts. "Many households this year may face reduced incomes, because of
      446 words
    • 520 9  -  SAMUEL EE By: A ROAD tax rebate for commercial vehicles and taxis, and the extension of a special tax waiver for cars that run on compressed natural gas (CNG), will provide some relief during the downturn. In yesterday's Budget, the government unveiled a
      FILE PHOTO  -  520 words
    • 501 9  -  UMA SHANKARI By THE government will provide a 40 per cent property tax rebate for owner-occu-pied residential properties for 2009 in a bid to ease the financial burden on households this year. The rebates will cost the government some $75 million in all,
      FILE PHOTO  -  501 words
    • 252 9 'The increase in the donations relief to 250 per cent will encourage donations in these difficult times, but it would have been even better if it were to be raised to 300 per cent since it is only for one year.' Tan Lee Khoon, Tax Services Partner,
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  • BUDGET 2009: BIG PICTURE
    • 760 10  -  PKBASU COMMENTARY FINANCE Minister Tharman Shanmugaratnam insists it is a "Resilience Package" aimed at helping Singaporean individuals and businesses cope with the worst global recession in at least 60 years. He insists no fiscal measures can truly counter a down-draft in economic growth of the magnitude
      760 words
    • 380 10  -  NISHA RAMCHANDANI By IN a nod to a Budget he described as decisive and beyond expectations, National Trades Union Congress (NTUC) secretary-general Lim Swee Say last night urged union leaders and companies to work together to make full use of the
      FILE PHOTOS  -  380 words
    • 440 10 ingapores Ige posi :ion OPERATING REVENUE 40.50 33.43 (7.07) (17.5) Corporate Income Tax 10.10 8.21 (1.90) (18.8) Personal Income Tax 6.22 6.06 (0.16) (2.6) Statutory Boards' Contributions 2.14 0.31 (1.83) (85.5) Assets Taxes 2.84 1.03 (1.81) (63.7) Customs and Excise Tax 1.99 2.00 0.01 0.7 Goods and
      440 words
    • 6 10
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    • Article, Illustration
      227 10 'The government has announced an extraordinary, bold and pragmatic Budget in response to the severe global economic downturn. The pro-business measures laid out will certainly help viable companies cut operating costs and preserve jobs. This financial tsunami is not one that can be easily resolved. The challenges
      227 words

  • Page 11 Advertisements
    • 1406 11 fEM^'MI Corporation Keppel Corporation Limited Co Reg No: *****0351N (Incorporated in the Republic of Singapore) FULL YEAR 2008 FINANCIAL STATEMENT DIVIDEND ANNOUNCEMENT I 1. UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2008 5. BALANCE SHEETS AS AT 31 DECEMBER 2008 The Directors of Keppel Corporation Limited advise the following
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  • COMPANY NEWS
    • 454 12  -  VINCENT WEE Net earnings fall 2.9% to about $I.lb but rises 18% at operating level By KEPPEL Corp saw a 2.9 per cent dip in full-year 2008 net profit to about $1.1 bil-lion-from about $1.13 billion in 2007. Including minority interests, net
      454 words
    • 309 12  -  JAMIE LEE By A US$l billion solar plant could soon come on board at Keppel Corporation's Si-no-Singapore Tianjin EcoCity. Sino-Singapore Tianjin Eco-City (SSTEC) Investment and Development said yesterday that it has signed a memorandum of understanding (MOU) with Sembawang Engineers
      309 words
    • 383 12  -  ONG BOON KIAT By THE troubled start to Creative Technology's financial year dragged into its second quarter, with the company yesterday announcing its biggest loss in 11 quarters. Net loss for the three months to Dec 31, 2008, was U5532.4 million, with loss
      FILE PHOTO  -  383 words
    • 522 12  -  R SIVANITHY WHENEVER a large block of shares is crossed in the stock market, it inevitably draws attention to the stock concerned and often stirs excitement and speculation about what might be brewing. Of course, in many instances, the crossing is routine
      522 words
    • COMPANY BRIEFS
    • 541 13  -  UMA SHANKARI Trust exploring options to refinance $876.2 m of debt By CAPITAMALL Trust (CMT), Singapore's biggest property trust, said that distributable income for the fourth quarter fell 2.1 per cent as it faced higher finance costs. Distributable income for the three months
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    • 593 13  - DBS vows to stand by loyal customers even in bad times SIOW LI SEN Reports by DBS Group Holdings will stand by its customers and expects to grow its loan book this year, chairman Koh Boon Hwee said yesterday. He also said that the bank has received many loan applications
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    • 345 13 THERE will no more retrenchments at DBS Group Holdings despite the worsening economic conditions, promised chairman Koh Boon Hwee yesterday. "No, DBS will not have to do any more of that," said Mr Koh in response to a question on further job cuts.
      345 words
    • 263 13  -  LYNETTE KHOO By BACKED by higher rentals from its eight properties in Singapore and Indonesia, First Real Estate Investment Trust (First Reit) achieved an 11 per cent rise in distributable income to $5.3 million for its fourth quarter ended Dec 31,
      263 words
    • 569 13  -  TEH HOOI LING By" HONG KONG-based Westminster Travel is facing the financial tsunami head-on by becoming the first company to list on the Singapore Exchange in 2009 and it reckons this is the best time to go public. "Our aim
      ARTHUR LEE  -  569 words
    • 387 13  -  EMILYN YAP By FRASERS Commercial Trust (FCOT) may sell its assets in Japan and Australia worth over $98 million, as it restructures its portfolio following a strategic review. The trust said this yesterday as it released results for the fourth quarter ended Dec
      387 words
    • 325 13  -  VICTOR KATHEYAS By' MAPLETREE Logistics Trust (MapletreeLog) yesterday reported total distributable income of $28.3 million for the fourth quarter ended Dec 31, 2008, up 43.7 per cent from last year's corresponding period. But the distribution per unit (DPU) of 1.46 cents for the
      325 words
  • Page 12 Advertisements
    • 1170 12 CHINA ERATAT SPORTS FASHION LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****5552 D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of the Members of CHINA ERATAT SPORTS FASHION LIMITED (the "Company") will be held at NTUC Centre No 1,
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    • 268 12 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg SIC SINGAPORE INTERNATIONAL CONSULTING PRIVATE LIMITED (Company No. *****2031H) (IN MEMBERS'VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING NOTICE OF HEREBY GIVEN that pursuant to Section 308(1) of the Companies Act, Cap. 50, that the Final Meeting of the Members of SIC SINGAPORE INTERNATIONAL CONSULTING PRIVATE
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  • Page 13 Advertisements
    • 143 13 Date: 12th February 09 (Thu) Venue: RSM Chio Lim LLP BWilkießoad Time: 2.00pm-6.00pm #03-08 Wilkie Edge Singapore *****5 Who should attend: CEOs,CFOs,financial controllers. Fee CLSF Clients:s6B (incI.GST) accountants, and tax professionals Public: $88 (mcl. GST) Join experts from RSM Chio Lim, SPRING Singapore and IE Singapore as they share their
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  • SINGAPORE MARKETS
    • 575 14  -  R SIVANITHY STOCKS But broad market weakness and index fall from day's high point to soft Thursday for Wall Street AN overnight bounce on Wall Street eased some of the recent pressure on Hong Kong yesterday. And thanks to a push on thinly traded
      Source: Bloomberg  -  575 words
    • 105 14 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch lulti Ind 4 5 3 0 0 0 4 5 3 lanufacturing 29 52 41 14 32 53 55 Commerce 13 20 12 13 22 16 'pt/Stor/Comms 11 12 12 13 12 13 :inance 16
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    • 114 14 TURNOVER C000) MAIN SDQ TOTAL MAIN VALUE C000) SDQ TOTAL Multi Ind 34,230 34,230 66,553 66,553 Manufacturing 207,835 4,486 212,321 148,205 132 148,337 Commerce 45,336 13,787 59,123 46,101 2,040 48,140 Tpt/Stor/Comms 80,977 101 81,078 125,698 125,707 Finance 40,020 40,020 297,774 297,774 Construction 11,832 901 12,733 901 16
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    • 104 14 lapitaLand 2.500 -0.110 Noble Grp 0.985 -0.035 lapitaMal 1.480 -0.020 OCBCBk 5.060 -0.030 CityDev 5.610 4-0.110 Olam 1.210 -0.010 Iosco Corp 0.810 4-0.005 S IA 11.000 -0.100 IBS Grp 8.560 4-0.010 SGX 5.030 -0.010 :&N 3.030 4-0.010 SIA Engg 1.980 Sent Intl 0.430 4-0.005 SPH 2.670
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    • Article, Illustration
      760 14  -  JAMIE LEE SFI acquisition approved: Independent shareholders of Singapore Airport Terminal Services (SATS) have approved its acquisition of a 69.61 per cent stake in Singapore Food Industries (SFI) from Ambrosia Investment, a wholly owned subsidiary of Temasek Holdings, for $334.5 million ($0.93 per SFI share). Following the acquisition,
      Source: Bloomberg  -  760 words
    • 517 14  -  LARRY WEE CURRENCIES A SHARPLY stronger yen forced the already weakened British pound to record lows after the Asian close on Wednesday, but the Japanese unit also gave back most of those gains by the Asian close yesterday. Traders and currency-watchers reported that the
      Reuters  -  517 words
    • 4 14 DAILY
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    • 59 14 CLOSE BT OB/OS -695.00+111.0 BT CADI -*****.00 -34.00 BT 10-day MA -*****.00 -69.00 FTSE ST Mid Cap 351.19 +1.24 FTSE ST Small Cap 287.64 -2.24 FTSE ST All Share 410.73 +0.80 FTSE ST China Top 180.59 -2.94 FTSE ST China 177.81 -3.25 UOB Catalist 74.05 -0.16 SiMSCI
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    • 58 14 VOLUME Golden Agri 91,169,000 Chart SemiCond 45,102,000 Capita Land 39,970,000 Sing Tel 26,022,000 Noble Grp 21,051,000 Cosco Corp 18,628,000 DBS DBeCWO9O7I3 17,891,000 SembMar 16,991,000 Suntecßeit 15,041,000 SPH 13,888,000 VALUE(S) DBS Grp 106,138,785 UOB 105,000,210 Capita Land 102,834,128 Sing Tel 66,548,784 OCBC Bk 45,103,040 Keppel Corp 43,385,670 SPH
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    • 99 14 CLOSE UP 1940 149.2 5.4 JMH GLD 10US$ 8444 28.4 0.2 DBS Bk6% NCPS 10 9610 20.0 0.2 UOB 5.05%NCPS 100 9370 20.0 0.2 Pair 428 11.9 1.9 HKLand 204 11.9 4.1 At 561 11.0 2.0 GrandBanks 80 10.0 14.3 in< lura Fin 119 9.0 8.2 M1 162 8.0
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    • 116 14 CLOSE DOWN 1070 -34.0 -3.1 Jardine C&C India Ni 10 822 -23.0 -2.7 OCBC Bk4.5%NCPS 100 8230 -20.0 -0.2 ISMSCI India 100 312 -14.9 -3.1 .and 250 -11.0 -4.2 S I A 1100 -10.0 -0.9 WBL Con 380 -8.0 -2.1 China H 10US$ 878 -7.5 -0.6 lanBNPeCW/***** 13 -7.0
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    • 84 14 Jan 22 CLOSE CHNG FRJan 21 YR 2008/2009 S$ LOW S$ HIGH USS 1.4940 0.67 1.5346 1.3457 Euro 1.9501 -0.28 2.2064 1.8640 Pounds 2.0767 -0.18 2.8431 2.0512® AS 0.9862 -0.83 1.3251 0.9068 Yen* 1.6777 -0.29 1.7278* 1.2619 Rill liah* 0.***** 0.67 0.***** 0.***** Baht* 4.2808 0.58
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  • SINGAPORE NEWS
    • 364 15  -  JAMIE LEE This comes after Spore reported 15% drop in medical tourists in 2007 By AS THE recession bites, Singapore's target of a million foreign patients in four years' time is losing its shine. "Given the severe global economic downturn, it
      364 words
    • 217 15 STUDENTS from Nanyang Polytechnic's (NYP) hospitality and resort management course will soon get the chance to train with Asia-Pacific's largest hotel operator, Accor Hospitality. A memorandum of understanding (MOU) signed yesterday between the polytechnic and Accor Hospitality will see some 30 students undergo six-month attach-
      217 words
    • 252 15 CAPITALAND'S wholly owned serviced residence subsidiary The Ascott Group said yesterday it has won a contract from graduate business school Insead to manage two residential properties in Fontainebleau, France. The properties, Residence l'Ermitage and Residence Clos St Merry, accommodate people enrolled in
      252 words
    • 463 15  -  NISHA RAMCHANDANI Demand stronger for low-cost carriers and short-haul trips By and VICTOR KATHEYAS TRAVEL bookings for the Chinese New Year are looking subdued, although the pace has picked up in recent weeks. Bookings are lower compared to last year, according to some
      AFP/FILE PHOTOS 7 1  -  463 words
  • Page 15 Advertisements
    • 64 15 The famous "A Room Within A Room" concept originally designed by Eero Aarnio in 1996 Chic retro design A with whitß exterior A red interior cushioned A wall that is H upholstered in fabric Durable stylish V II fiberglass shell Swivels 360 degrees Removable interior cushions for easy S cleaning
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    • 602 15 WESTMINSTER TRAVEL LIMITED (Company Registration No.: *****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. The Board of Directors of Westminster Travel Limited (the
      602 words

  • ECONOMY WATCH
    • 800 16  -  ANTHONY ROWLEY To stave off a credit crunch, it will buy Japanese corporate bonds outright, directly assuming credit risk By in Tokyo JAPAN was rocked by more bad news yesterday, with the central bank saying the economy will shrink this fiscal year and next, and that
      AP  -  800 words
    • 468 16 Bloomberg [SEOUL] South Korea's economy shrank a larg-er-than-expected 5.6 per cent last quarter, the biggest decline since the Asian financial crisis a decade ago as exports tumbled and consumer spending fell. The contraction followed growth of 0.5 per cent in the third quarter and was
      – Bloomberg; AP  -  468 words
    • 647 16 Reuters [WASHINGTON] US President Barack Obama will lay out a comprehensive plan in the next few weeks to attack the worst financial crisis since the Great Depression, Timothy Geithner, his nominee to head the US Treasury, said on Wednesday. At a Senate
      Reuters  -  647 words
    • 582 16 Reuters Activity in China, Korea cools fast as force of global financial crisis hits home [HONG KONG] Slumping Asian property markets could intensify the region's economic downturn this year, further undermining consumer and investor confidence and prompting homeowners to tighten spending. Japan, Hong Kong,
      – Reuters  -  582 words
    • 293 16 -LATWP [WASHINGTON] Alternative investing these days seems to mean finding an alternative to once red-hot hedge funds. Institutional investors and well-heeled investors yanked a record US$l52 billion of their cash from hedge funds in the fourth quarter, and US$l55 billion for all of
      -LATWP  -  293 words
  • Page 16 Advertisements
    • 81 16 A SATS NOTICE OF INTENDEND DIVIDEND Name of Company AGROGEN PTE LTD (In Creditors' Voluntary Liquidation) Reg. No. *****7827N Address of former 20 Biopolis Way #09-01 registered office Singapore *****8 Last day of receiving proofs 6 February 2009 Name of liquidators Chee Yoh Chuang and Lim Lee Meng Address of
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  • HEALTH AT WORK
    • 1284 17 MINT KANG looks at three homegrown companies which have implemented successful health programmes SMALL and medi-um-sized enterprises, or SMEs, are the lifeblood of Singapore's economy. They provide jobs for more than half of the country's workforce. Whatever affects the staff of SMEs
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    • 610 17 TUITION provider Just Education is a young company with a young and vibrant workforce: the picture of a thriving SME. However, that lively, skilled and above all, mobile workforce posed a problem during the company's early years that of talent retention. With an average annual turnover
      610 words
    • 496 17 "HAVING a fit and healthy team ensures that we are able to service our customers well!" says Christian W Huber, managing director of Boncafe International. Health and fitness are indeed of key importance in the company's work-life programme, which has been awarded platinum the highest
      496 words
    • 139 17 THE Health Promotion Board offers a wide range of support and resources to help managers enhance their companies' workplace health programmes, including: The Workplace Health Sports Promotion Grant of up to $10,000; The Singapore HEALTH Award (Helping Employees Achieve Life-Time Health) a national award given to
      139 words

  • MALAYSIA/INDONESIA
    • 709 18  -  S JAYASANKARAN Spat is likely to be resolved after the parties meet DPM Najib next week By In Kuala Lumpur THE mounting controversy over plans by budget carrier Air Asia to build a RMI.S billion (*****.23 million) low cost carrier terminal (LCCT)
      AFP  -  709 words
    • 571 18  -  PAULINE NG By in Kuala Lumpur GALVANISED by alarming news on jobs the latest chip maker Intel Corporation's plan to shut two plants in Penang the Malaysian government has moved to accelerate the disbursement of special funds announced more than two months ago.
      571 words
    • 342 18 —o AP [KUALA LUMPUR] A second, bigger-than-expected interest rate cut by Malaysia's central bank highlights a rapidly weakening economy, analysts said yesterday, predicting further rate reductions to avert a recession this year. Bank Negara Malaysia late Wednesday slashed its key overnight policy rate
      —o AP  -  342 words
    • 458 18 -AP Firms told to lay off foreigners first if they must slash jobs [KUALA LUMPUR] Malaysia has banned the hiring of foreign workers in factories, stores and restaurants to protect its citizens from mass unemployment amid the global economic downturn, a government
      -AP; REUTERS  -  458 words
    • 285 18 -AFP [DENPASAR, Indonesia] Bali will carry out mass vaccinations of pet dogs to curb a rabies outbreak that has killed four people and is threatening the island's vital tourism industry. About 300 officials will fan out on Saturday across northern Denpasar,
      -AFP  -  285 words
  • Page 18 Advertisements
    • 56 18 taWa! THE HEARTBEAT OF THE INDIAN COMMUNITY BUDGET 2009 WHAT DOES IT MEAN FOR YOU? Pick up your FREE copy at all 7-Eleven outlets, Mustafa, Saravanaa Bhavan, White Water Cafe, Singapore Khalsa Association, Singapore Indian Association, Annalakshmi and SIFAS. Call 6319-1800 or e-mail dres@sph.com.sg to get a copy delivered to
      56 words

  • GREATER CHINA
    • 251 19 AFP Urban factories slowing or stopping production due to financial crisis, resulting in big employee layoffs [BEIJING] About six million migrant workers in China have returned to their rural homes after losing their jobs in the cities due to the financial crisis, data released
      AFP  -  251 words
  • Page 19 Advertisements
    • 330 19 I A WEALTH OF AUSPICIOUS CUISINE -t i^ I Yu Sheng (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
      330 words

  • GREATER CHINA/INDIA
    • 483 20 Reuters Satyam's new board meets to look at ways to secure emergency funding [HYDERABAD] Indian engineering and construction firm Larsen Toubro Ltd (L&T) was likely to present a revival plan to the board of fraud-hit Satyam Computer Services Ltd, local media reported yesterday. L&T was
      – Reuters  -  483 words
    • 296 20 Bloomberg [NEW DELHI] Bharti Airtel Ltd, India's largest mobile phone operator, reported that third-quarter profit rose 26 per cent after the company added record subscribers and widened its lead over rivals. Net income rose to 21.6 billion rupees (Ss66l million) in the
      – Bloomberg  -  296 words
    • 41 20 [BEIJING] A guard standing beneath festive decorations at a park in the capital on Monday. The city's parks and temples have been spruced up in preparation for the hosting of fairs for the upcoming Chinese New Year celebrations. AP
      AP  -  41 words
    • 441 20 -Reuters Sales of PCs, mobile phones, flat-screen TVs are stalling [TAIPEI] Top contract chip maker TSMC has booked its weakest quarterly net profit in nearly six years as a slowing economy crimps chip demand, and forecasts that it could dive to a loss
      -Reuters  -  441 words
    • 270 20 Bloomvery [SHANGHAI] China's pledge to spend 850 billion yuan (SslB6 billion) to revamp its health-care system will spur consumption and help achieve the government's goal of 8 per cent economic growth this year, said a senior government official. The Chinese government introduced the health
      Bloomvery  -  270 words
    • 499 20 Bloomberg [NEW DELHI] India's inflation held near an 11-month low, stoking speculation the central bank will next week cut interest rates for the fifth time since October. Wholesale prices climbed 5.60 per cent in the week to Jan 10 from a year
      – Bloomberg  -  499 words
  • Page 20 Advertisements
    • 1341 20 NOTICES IN THE MATTER OF IN THE MATTER OF THE COAAPANIES ACT, CAP 50 COMPANIES ACT, CAP. 50 GREEN DOT PAYMENT SERVICES PTE LTD AND REGISTRATION NO. *****5700E IN THP HiTTPn nP [IN VOLUNTARY LIQUIDATION) IN THE MATTER OF NEM ENERGY SERVICES NOTICE IS HEREBY GIVEN that pursuant to Section
      1,341 words
    • 190 20 g^NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND EM THE MATTER OF SINGTEC PROPERTIES PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****3620W NOTICEISHEREBYGIVEN.pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Member of the abovenamed Company will be held
      190 words

  • ASIA-PACIFIC/WORLD
    • 557 21 AP.NYT Malaysia, Philippine factories to close; California, Oregon plants to stop work [SAN FRANCISCO] Intel Corp plans to cut up to 6,000 manufacturing jobs as souring personal computer demand leaves its factories operating at less than their full capacity. Underutilised factories
      AP.NYT  -  557 words
    • 487 21 -NYT [SAN FRANCISCO] Amid a deepening recession and an intensifying controversy over the health of its chief executive, Apple reported strong first-quarter profits on Wednesday that surprised analysts and handily beat expectations. Apple said robust sales of iPods and laptops buoyed the company amid
      -NYT; Reuters Graphic  -  487 words
    • 656 21 ■Reuters OSCAR NOMINATIONS [LOS ANGELES] The Curious Case of Benjamin Button, a drama in which Brad Pitt plays a man who ages backward, led the field of Oscar contenders with 13 nominations, organisers said yesterday. Slumdog Millionaire, the tale of an impoverished orphan's
      ■Reuters; PHOTOS: WARNER BROS, FOCUS FEATURES, AP  -  656 words
    • 441 21  -  ANTHONY ROWLEY By in Tokyo UNDERLINING the dire situation facing Japan's leading exporters as demand collapses and the yen surges, consumer electronics giant Sony Corp said yesterday it expects to incur its first net loss in 14 years in the
      441 words
    • 262 21 Reuters Richard Parsons to succeed Win Bischoff who retires [NEW YORK] Citigroup has named former Time Warner chief executive Richard Parsons as its chairman. Mr Parsons, 60, has been a director since 1996, a period marked by rapid growth followed by a precipitous decline.
      – Reuters  -  262 words

  • EDITORIAL & OPINION
    • 772 22  -  FRANK CHING THE BOTTOM LINE SOMALI pirates off the coast of Africa are transforming geopolitical relationships in East Asia. First, China decided to take the unprecedented step of dispatching its navy far beyond its coast into the Gulf of Aden
      772 words
    • 1068 22  -  LEON HADAR The editorial is on page 3 today Obama's inaugural address lacked flourish but revealed an important part of his nature SEVERAL veteran Washington hands who had been around when John F Kennedy delivered his inaugural address in 1961 ("Let the word go forth that
      The editorial is on page 3 today; AP  -  1,068 words
    • 735 22  -  ROB COX and By I RICHARD BEALES UNLIKE US banks, hedge funds haven't been lining up for government bailouts in the wake of losses they can't handle. But the funds do share one Wall Street problem: a massive mismatch between the short-term funds they take in
      735 words
    • 1317 23  -  FERESA LIM We need leadership that pulls across systems in today's integrated world Byl THE first decade of the new century has awakened us to the peril and promise of global integration. The opportunities are extraordinary and the need for action is acute.
      AFP  -  1,317 words
    • 936 23  -  JAMES POMFRET Reuters By ACROSS Asia hotels, airlines and tourism operators are bracing for another tough year as the financial crisis keeps long-haul visitors at home, and regional travellers tighten purse-strings with shorter, budget trips. "There'll definitely be a drop in business; fewer
      Reuters; AP  -  936 words


  • AVIATION/SHIPPING
    • 404 24  -  YEN SREENIVASAN But robust first half prevents sharp slide in full-year figures; AAPA sees tough '09 By [SINGAPORE] Asia-Pacific airlines saw passenger and cargo traffic sink in the second half of 2008, though a relatively robust first half prevented a sharp slide in
      REUTERS  -  404 words
    • TRANSPORT STOCKS
      • 101 24 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.25 0.18 0.81 0.32 0.66 0.47 0.04 0.80 0.29
        101 words
      • 37 24 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings 0.56 8.45 8.55 2.56 2.41 0.02 unch 0.02 -0.15 0.05 0.03 0.03 unch unch 50 7 740 831 118 20 0
        37 words
      • 12 24 ■oo ■recious Ship Jegional Cont .11.30 ...6.50 0.20 unch 224! 20:
        12 words
      • 7 24 '000 Ian toil .16.16 0.10 100:
        7 words
      • 24 24 '000 Ian >GSO Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.50 13.00 unch unch unch -0.25 unch unch 1052 1500 0 0
        24 words
      • 13 24 Evergreen Marine ....13.40 :irst Steamship 31.70 /VanHai Lines 13.55 unch 1.10 0.75
        13 words
      • 37 24 '000 :awasaki Hvylnd ..169.00 -6.00 ***** :awasaki Kisen 340.00 -5.00 9191 /litsubishi Hvy 343.00 -5.00 ***** /litsui Eng&Sbldg ..142.00 -1.00 3390 /litsui Osk Lines 533.00 10.00 ***** lippon Express 340.00 7.00 3238 lipponYusen 470.00 6.00 7814
        37 words
    • 481 24 Bloomberg [SEOUL] Korea Development Bank has rejected Hanwha Group's 6.3 trillion won (556.93 billion) offer for Daewoo Shipbuilding Marine Engineering Co and says it plans to reinvite bids for what could be the industry's biggest acquisition. Hanwha's fundraising plan for a 50.4 per
      Bloomberg  -  481 words
    • 328 24 [MUMBAI] Air India, the loss-making airline, is looking to Singapore Airlines (SIA) for a possible stake sale, according to a report in India's daily Financial Express. The paper said that the National Aviation Corporation of India Ltd (Nacil).the entity created following the merger
      328 words
    • 683 24 Bloomberg Both airlines to cut more flights as travel demand slows [ATLANTA] American Airlines parent AMR Corp and United Airlines parent UAL Corp on Wednesday reported wider fourth-quarter losses and said they will cut more flights because of slowing demand for air travel. Both
      – Bloomberg  -  683 words
    • 2674 24 SQ49O 2335 5Q5605 1635 M ***** 1530 5Q224 1255 5Q223 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
      2,674 words
  • Page 24 Advertisements

  • SINGAPORE STOCKS
    • 8447 25 Transaction date: Jan 22 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E 9 3 3148 STelecom 12.5 3 5834 A-Sonic 110 100 6389 ABF SG Bond ETF 30.5 12 5000 ABR Hldgs 19 6 1938 AEI Corp 10 1 1100 AEM 26 7 2101
      8,447 words
    • 1665 26 52-wks Tel |h Low Code Last Sale Vol COOP) Hi; Day Last Quote |h Low Buyer Seller Div GrYld Net C'vr P/E M Cap Hil Col 20 5 1181 s AAGrp 32 16 8538 s APStrategic 5 1 1501 s Advanced System 17 2 3480 t Adventus 38
      1,665 words
    • 61 26 52-Wk Tel High Low Code Last Sale Vol fOOO) Day lh Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Com Hi< ***** ***** 6065 Diamonds 6200 6200 6095 ISDJUSTech 6097 ISMSCI Spore 6101 ISS&P5OO ***** ***** 6170 SPDRS 335 158 6009 STI ETF US1167C
      61 words
    • 254 26 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
      254 words
    • 8840 26 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.392/ AIGIF Spore Bond Fund/A 1.233/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.6/ APS Alpha Fund (USD)!** 0.4/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.6041/ APS Komaba Global
      8,840 words
  • Page 25 Advertisements
    • 35 25 y x NEW ROYAL OAK IN EXCELLENT SHAPE Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED B^ "~jj 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 WT Internet: Http://www.audemarspiguet.com
      35 words


  • FINANCE & COMMODITIES
    • 380 27 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change Jan 21 World Index Preliminary 618.4 0.0 -45.4 -0.1 -45.7 0J_ -48.2 EAFE Preli iminar 597.1 -1.0 -46.7 -1.0 -49.1 -0.7 -51.4 Euro Preliminary 838.2
      380 words
    • 129 27 As at 9am lan 22 Singapore dollars to one unit rf foreign currency: Currencies Bid Offer s,ust dollar 0.9730 1.0060 .an dollar 1.1820 1.1970 luro 1.9340 1.9590 IZ dollar 0.7850 0.8040 iterlini ind 2.0660 2.0930 JS dollar 1.4890 1.5080 .ocal dollars to 100 units if foreign
      129 words
    • 168 27 Jan 22 Overnight 1/8 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 1/16 US$ Offer 1/16 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 0.30 0.55 1.10 1.50 1.90 2.10 2.30 Offer 0.20 0.45 0.80 1.10 1.40
      168 words
    • 23 27 Jan 22 ten JiL Sett >TI ilMSCI Jan 210.8 211.0 207.2 'aiwan Jan closed Source: MF Global (S) He. Ltd
      23 words
    • 21 27 Jan 22 Bid Offer 1-month 1.4918 1.4932 2-months 1.4909 1.4925 3-months 1.4902 1.4918 6-months 1.4884 1.4901 Source: OCBC
      21 words
    • 66 27 Jan 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low Feb 09 1847 1880 1883 1836 677 5088 Mar 09 1839 1870 1880 1828 2598 ***** Apr 09 1834 1870 1881 1822 8028 ***** May 09 1830 1875
      66 words
    • 301 27 Jan 22 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES MarO9 JunO9 SepO9 DecO9 98.8650 98.9200 98.8900 98.7600 ***** 3516 4263 1557 EUROYEN TIBOR FUTURES MarO9 99.390 99.390 JunO9 99.515 99.515 SepO9 99.545 99.545 DecO9 99.490 99.490 Mar10 Jun10 Sep10 Dec10 99.390 99.510 99.530 99.485 99.390 99.510
      301 words
    • 188 27 Jan 22 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l lots) FebO9 148.0 Mar 09 Apr 09 154.5 May 09 JunO9 Jul 09 147.5 153.0 148.0 151.0 154.5 155.5 155.5 155.5 183 60 40 72 643 677 922 937 974
      188 words
    • 87 27 Jan 22 Period Issue code Maturity Yesterday's Bid Day's |h Low Hi, 3-Month BQ*****F 23.04.09 1-Year BY*****V 02.11.09 0.27 0.46 0.20 0.20 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****T 4.625 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A 4.000 15-Year
      87 words
    • 103 27 Jan 21 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Mar 09 1020.50 992.00 1021.00 986.50 May 09 1029.25 101.00 1029.75 997.25 Jul 09 1038.50 1011.00 1039.25 1007.50 Aug 09 1031.00 1005.00 1030.00 1003.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 09 33.95 33.81 34.26
      103 words
    • 77 27 CRUDE OIL PRODUCTS Jan 21 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 43.98 -1.29 WTI (Near Mth) 42.77 4.24 Dubai (1-Mth F) 41.68 0.41 Tapis blend 46.75 0.50 Minas 43.35 0.20 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 43.55 56.30 2.33 0.50 US$/barrel Opec Oil
      77 words
    • 462 27 Jan 22 Rm Euro HK! Im Rs Ru Yen Won RM NZ! Pal Rs Peso Ram NT! Bal it Pouni us: Australia 0.831 4.515 0.508 5.124 32.340 74.047 0.590 9.100 2.385 1.241 52.773 31.257 0.986 6.630 0.764 22.140 23.038 0.475 0.660 Canada 1.203 5.430 0.611 6.163 38.894
      462 words
    • 77 27 Jan 22 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** 3 mths 1.***** 0.***** 6 mths 9 mths 12 mths 1.***** 1.***** 1.***** 0.***** 0.***** 0.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 1.***** 5yrs
      77 words
    • 143 27 Jan 22 GOLD (USS/oz) Jan 21 Jan 22 Hong Kong London 851.80 853.10 852.80 854.10 Jan 20 Jan 21 861.10 848.60 863.10 850.60 Source: Thomson Reuters CAST BAR (S$) Jan 22 Buying Sellini Kilobar "43,799.39" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm
      143 words
    • 153 27 Jan 22 Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9851 0.9865 0.6602 0.6606 Canadian dollar 1.1849 1.1863 0.7941 0.7944 Euro 1.9400 1.9419 1.3002 1.3004 NZ dollar 0.7933 0.7949 0.5317 0.5323 Sterling 2.0761 2.0784 1.3914 1.391 US dollar 1.4921 1.4933 S$IUS$
      153 words
    • 67 27 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1301.00 1365.20 3 months 1335.00 1400.00 Copper, Grade A (US$/tonne) Cash 3 months 3186.50 3220.00 3310.00 3341.00 Lead (US$/tonne) Cash 1082.50 3 months 1087.00 1161.00 1165.00 Nickel (US$/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3
      67 words
    • 66 27 Jan 21 COCOA (Btonne) Close Prev Hii ih/Low Mar 09 2602 1866 2645/2444 May 09 2608 1846 2653/2455 Jul 09 2588 1828 2640/2456 SepO9 2562 1816 2611/2440 COFFEE (US$/tonne) Close Pev High/Low Jan 09 2052 1980 2058/1990 SUGAR (US tonne) White Close Prev High/Low Mar 09 349.0 347.5 349.0/343.5
      66 words
    • 2393 27 BONDS WARRANTS Tel Code Company Tel Code Company Prem Expiry Last Vol Conv Exer Disc Gear- Mths Sale +or- ('000) Ratio Price ing Left DBSDB EPW*****0 DBS DB EPW*****2 17 -0.5 16.5 -0.5 145 331 0.2 0.2 819 733 3 5 Singapore Exchange RBEPW*****3 SIA BNP ECW*****3 30.5 37.5 0.5
      2,393 words

  • Page 28 Advertisements
    • 2533 28 m The Business Times Shipping Times i I WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M JtlßHßßßfil M IVx.Y\ IAfAU UAI I IMFC TEL *****588 (14 LINES) FAX:*****163 |K|||jjJg^^^jgg^jjj||(|^^|^^g|j| I V\^^a WAN HAI INt J PKLIEL: (03| *****888 FAX: (03| *****288 PEN UL: (04) *****00 FAX: (04)*****99 ~^._V^M -W^llE^ltC^Sl I
      2,533 words

  • Page 29 Advertisements
    • 2363 29 RICKMERS-LINIE 11 TJTgl EASTERN CAR LINER, LTD I njf £J®2S^a? I UR^A 9 S U!rvice regk'BU'k/PrOieCt/SOC C°nVen"Ongl SerV' CeS website; www.ri.kmers.com ||_5J SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS~| WEEKLY EXPRESS SAILING SCHEDULE S£ln I% I 2V.1 IMT I I oi" I'" I °RF I -IM4 I M°B I
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  • Page 30 Advertisements
    • 4931 30 PSI H 19 H H H 111 TO ANDERSEN "^SS:I fife GLORY NAVIGATION fißflUpi Wi'^Wm^^M IZU USU I shipping company/ 70 Shenloii Way, #21 -03 Marina House Singapore *****8 ■wm ULUnI IIHVIUft I Kill UltUUr I mM**wl ffili W£p4 WM Ml north west express line miMii-f/33,-^f wm^ Mj»o^jl MONTHLY SERVICE
      4,931 words


  • Page 32 Miscellaneous
    • 395 32 pH^^JI 17 emerging Chinese contemporary artists, including Chen Chang Wei, Chen Hong Zhu and Deng Kin. The exhibition is a micro version of two recent and well-received "animation" and "comics" to describe the new aesthetics of the 21st century in contrast to the abstract art of the 20th century. Animamix
      395 words

  • Page 33 Miscellaneous
    • 286 33 CRYPTIC CROSSWORD Amncc 6 Is and isn't one way to be em- j phatic (6) I H__BM__HH__^M__^M__HH__HH__M 9 The twins, for instance, I Ito in painting (8) j 12 Sewer used for the introduction of drugs (6) 13 Fail to understand decimals M_^J_^~^J—^J—^M 16 Long lane that does have a
      286 words

  • executive lifestyle
    • 609 34 GONG Xi Fa Cai. Tis me, your friendly neighbourhood geomancer, and for a small fee, I can tell you what the Year of the Ox has in store for you. Not only am I a highly skilled master of the celestial
      609 words
    • 1775 34 Singapore's music scene has become vibrant with big-time chart-toppers and smaller indie acts visiting, reports MELISSA LWEE THE year was 1990, and legendary blues singer Eric Clapton was looking to perform in Asia but could not find a suitable local promoter in Singapore, given that
      ARTHUR LEE  -  1,775 words
    • PURSUITS
      • 1143 31 NEW MEDIA Being candid about your needs will help you choose between niche groups and those larger general ones, says CHRISTOPHER LIM A SURE sign of popularity is when the latest craze starts spawning specialised subgenres, and that's precisely what has happened to social networking
        1,143 words
      • 504 31  -  CHRISTOPHER LIM GAMING By IF you've ever felt sheepish about spending hours in front of the TV playing games on your Xbox 360 console, instead of doing something more traditionally adult, banish that misplaced guilt. Microsoft's latest customer demographics show the typical age
        504 words
      • 1276 31  -  NKYONG WINE By CHINESE New Year is nearly on us and as usual what shall we eat and drink at the reunion dinner? It is THE most important family dinner of the year, a symbolic event, perhaps the most important family event of the
        1,276 words
    • ARTS/BOOKS
      • 520 32 Bloomberg Auctioneers say that prices will fall by 40 per cent this year as speculators exit the market, leaving it to experienced buyers AVERAGE art prices at auction will drop by as much as 40 per cent this year as many art speculators exit the
        – Bloomberg; AFP  -  520 words
      • 494 32 Bloomberg [NEW YORK] Director Sam Mendes, with his wife Kate Winslet standing nearby, told a crowd of about 150 at the opening-night party for The Cherry Orchard that he was astonished his new British-American theatre venture got off the ground "in this climate". The
        Bloomberg  -  494 words
      • 666 32  -  AMANDA DE GUZMAN By WHILE performing a single role in a play is challenging enough, most of the cast of Teechers are required to inhabit four to five characters each. "There are about 20 roles in the play, and only four cast
        666 words
      • 503 32  -  VICK MICKUNAS -NYT 'Say It Like Obama The Power of Speaking with Purpose and Vision' By Shel Leanne McGraw-Hill Pages: 214 Price: $37.99 Available at Kinokuniya By IT was on a spring day in Chicago. The year was 2004. I was strolling down the
        -NYT  -  503 words
    • ENTERTAINMENT
      • 692 33 CINEMA The Reader tackles a relationship between an adolescent and an older woman with the restraint and tragic inevitability that it deserves, says GEOFFREY EU ITERARY history has provided us with ample proof that when it comes to unconventional relationships between members of the opposite
        BLOOMBERG  -  692 words
      • 482 33  -  AMANDA DE GUZMAN By BRENDAN Fraser seems to be the go-to leading man for mediocre fantasy action fare (The Mummy: Tomb of the Dragon Emperor and Journey to the Centre of the Earth, both released in 2008) and his latest adventure, Inkheart, doesn't disappoint.
        REUTERS  -  482 words
      • 368 33  -  IHRISTOPHER LIM DVD REVIEW ByC THIS week, America got the equivalent of a Black Superman in President Barack Obama. Yet while the universe of DC Comics' perennial super hero continues to lag behind egalitarian reality, without emancipation in sight, the comic-book character remains a powerful
        368 words
      • 620 33  -  CHRISTOPHER LIM CD REVIEW Freedom Akon Universal Motown Rating: B 808s Heartbreak Kanye West Roc-A-Fella Rating: B+ Timeless Kenny Lattimore Verve Rating: C Heavy Rotation Anastacia Mercury Rating: B- By POP Akon's latest album, Freedom, into your CD player and you might find
        620 words
  • Page 34 Miscellaneous