The Business Times, 29 January 2009

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Microfilm: NL29640
Total Pages: 28
1 28 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 •■F* A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Thursday, January 29,2009
    23 words
  • Article, Illustration
    Lock icon SIA to cut back on half-empty flights
    729 1  -  YEN SREENIVASAN Airline may slash up to 300 flights this quarter to increase its efficiencies By around the world any longer than we have to, because it increases our cost burden at a time when we can least afford that," said Mr Forshaw.
    _J REUTERS  -  729 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      38 1 1 COMP 879.63 +6.94 IIKKEI225 8,106.29 +45.22 IANG SENG Closed ;et index 448.35 +3.56 JAKARTA COMP 1,321.45 -15.18 1ANILA COMP 1,869.56 -11.25 ;eoulcomp 1,157.98 +64.58 ;henzhenb Closed IUMBAI IND 9,257.47 +253.39 11AM EST Change )OW 8314.28 +139.55
      38 words
    • Article
      Lock icon PRIME RATES
      30 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.53 HONG KONG 5.00 INDONESIA 16.712 TAIWAN 6.316 JAPAN 1.475 KOREA 9.33 BRITAIN 1.50 US 3.25 CANADA 3.00 SWITZERLAND 0.52 INDIA 13.00 Source: B
      Bloomberg  -  30 words
    • Article
      Lock icon FOREX
      42 1 IS$ (S$ per US$) 1.499 (US$/S$ per 1.426 2.137 :URO (US$/S$/E) 1.329 1.992 Foreign currency per US$ S$ 'EN 89.20 59.50 3.593 2.397 IK$ 7.758 5.175 !AHT 34.89 23.27 lUPIAH 11,350 7,571 lENMINBI 6.840 4.563 INDIAN RUPEE 48.84 32.58 1.495 0.997
      42 words
  • Article
    Lock icon Downturn demand makes Big 4 hire more
    799 1  -  LYNETTE KHOO Accountants gear up to manage risk and restructuring, keep an eye on fraud By [SINGAPORE] Bad times in the corporate world translate to even busier times for accountants. No wonder the big boys are hiring. As the downturn throws up more
    799 words
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      48 1 PROPERTY DAVOS SUMMIT w WKM^ BizlT ART OF WAR I Rush for URA approvals Geithner'syuan Toshiba TEC plans Zap for Sun Tzu's strategies! before window closed call takes flak Spore expansion Win an Egg Pod chair! PAGE 28 PAGE 3 W HM PAGE 25 PAGE 8 I HI
      48 words
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  • TOP STORIES
    • Article
      Lock icon Advanced economies to shrink this year
      612 2  -  ANTHONY ROWLEY Growth in emerging markets also likely to take a big hit, predicts IMF By in Tokyo THE world's advanced economies will contract overall by 2 per cent this year, marking their first annual contraction in the postwar period, the International Monetary Fund
      612 words
    • Article
      Lock icon Global financial tsunami may claim 51m jobs in 2009
      559 2  -  CHUANG PECK MING By [SINGAPORE] A shocking 51 million more people worldwide could be out of job this year because of the global economic crisis, with more than half of them in the Asia-Pacific region, according to the International Labour Organization
      559 words
    • Article, Illustration
      Lock icon Changi Airport sees 2.7% rise in passenger traffic
      434 2  -  YEN SREENIVASAN By\ [SINGAPORE] Changi Airport enjoyed a 2.7 per cent rise in passenger numbers last year to a record 37.7 million. But the full-year figures mask the depressed picture that started to emerge in the final few months of 2008. Passenger
      FILE PHOTO  -  434 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Downturn demand makes Big 4 hire more
        58 2 BAD times in the corporate world translate to even busier times for accountants. As the downturn throws up more distressed companies, there is now greater demand for restructuring and risk management advisory. The Big Four audit firms say they are still recruiting at
        58 words
      • Article
        Lock icon SIA to cut back on half-empty flights
        53 2 AMID the harshest operating environment seen in years, Singapore Airlines is slashing up to 300 flights this quarter. It is cutting capacity on routes where loads are weak and on days when yields would be low. Affected routes include New Delhi, Mumbai and
        53 words
      • Article
        Lock icon Advanced economies to shrink this year
        64 2 THE world's advanced economies will contract overall by 2 per cent this year, marking their first annual contraction in the post-war period, the International Monetary Fund warned last night. At the same time, growth in emerging markets will slump to 3.25 per cent or
        64 words
      • Article
        Lock icon Global tsunami may claim 51m jobs
        46 2 A SHOCKING 51 million more people worldwide could be out of job this year because of the global economic crisis, with more than half of them in the Asian-Pacific region, according to the International Labour Organisation. TOP STORIES, PAGE 2
        46 words
      • Article
        Lock icon Geithner's yuan comments criticised by economists
        56 2 US Treasury Secretary Timothy Geithner's call for China to loosen restrictions on its currency was criticised by economists and policy makers at the World Economic Forum. Allowing the yuan to strengthen would be "economic suicide" amid an economic slump, Stephen Roach, Morgan Stanley's Asia
        56 words
      • Article
        Lock icon Cosco announces second delivery reschedule
        78 2 COSCO Corp (Singapore) yesterday announced another reschedulings of delivery dates for four 57,000 dwt bulk carriers, in what looks increasingly like a bizarre reversal of the way the contract wins were announced over the 18 months. Whereas the concern at the time was whether there
        78 words
      • Article
        Lock icon Shake-out seen in Asia asset management
        54 2 SOME of the biggest global asset management companies will scale back sharply in Asia or sell their units there as global markets continue to fall, and Allianz is poised to bulk up its presence in the region, the head of its Asian arm said.
        54 words
      • Article
        Lock icon Slight earnings boost for key sectors
        45 2 ANALYSTS expect key sectors to get a slight earnings boost from last week's Budget measures, but say the fiscal stimulus cannot alter the weak outlook for most industries. They also remain muted on bank stocks. COMPANY NEWS, PAGE 7
        45 words
      • Article
        Lock icon Demand for power to remain flat this year
        52 2 ELECTRICITY demand is tipped to stay flat this year as the economy shrinks 2 to 5 per cent. The Energy Market Company said demand for power in October was down 3.2 per cent and November was 2.7 per cent lower. SINGAPORE NEWS,
        52 words
      • Article
        Lock icon KL may unveil another stimulus package in Feb
        29 2 THE Malaysian government is tipped to unveil a second economic stimulus package of RM7 billion-RMIO billion next month. M'SIA/INDONESIA, PAGE 10
        29 words
    • Article, Illustration
      Lock icon Geithner's yuan call takes heat from economists, policy makers
      593 3 Bloomberg, AFP, Reuters Morgan Stanley's chairman Stephen Roach calls it 'horrible advice' [DAVOS] US Treasury Secretary Timothy Geithner's call for China to loosen restrictions on its currency was criticised by economists and policy makers at the World Economic Forum. Allowing the
      – Bloomberg, AFP, Reuters; REUTERS  -  593 words
    • Article
      Lock icon Job of running planned 'bad bank' could go to FDIC
      790 3 Bloomberg [WASHINGTON] The Federal Deposit Insurance Corp (FDIC) may manage the so-called bad bank that the Obama administration is likely to set up as it tries to break the back of the credit crisis, two people familiar with the matter
      Bloomberg  -  790 words
    • Article
      Lock icon No-show list grows at Davos in wake of crisis
      647 3 Bloomberg Fallen Wall St titans not welcome at posh annual meeting [GENEVA] John Thain, who was ousted last week as president of global banking at Bank of America, won't be participating in a panel discussion about the future of the financial
      Bloomberg  -  647 words
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      Lock icon Page 2 Advertisements Column 1
      78 2 THE MONETARY AUTHORITY OF SINGAPORE Tenor Approximately 2 years Total Amount Allotted 500 2,300,000,000 Amount Allotted to Non-Competitive Applications SCD 338,809,000 Of which allotted to MAS SGD 200,000,000 Total Amount Applied SCD 5,134,909,000 Coupon Rate 3.125% p.a. Cut-off Yield Price 0.65% p.a. and on Allotment 104.912% Average Yield Price 0.61%
      78 words
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      15 2 CATS Recruit The first step on your ladder to success [SATS I RECRUIT 4 < o
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Cosco announces second delivery reschedule
      483 4  -  VINCENT WEE Some ship owners are trying to buy time as freight market stalls By COSCO Corp (Singapore) yesterday announced another rescheduling of delivery dates for four 57,000 dwt bulk carriers, in what looks increasingly like a bizarre reversal of the way the contract wins
      483 words
    • Article
      Lock icon Jurong Tech faces more bank demands
      487 4  -  CHEWXIANG ABN Amro, Sumitomo Mitsui Banking Corp and UOB are all claiming full repayment By More banks have demanded loan repayments from Jurong Technologies Industrial Corp, which has also issued a profit warning and asked that its shares be suspended from trading. Yesterday, the
      487 words
    • Article
      Lock icon NOL container volume dives
      222 4  -  /INCENT WEE ByV NEPTUNE Orient Lines (NOL) says container volume plunged 24 per cent year-on-year in its six-week Period 12 as demand fell on all major trade lanes. Container volume from Novls to Dec 26, 2008 fell to 218,100 forty-foot equiv- alent units (FEUs) from 288,600
      222 words
    • Article, Illustration
      Lock icon SingTel seen getting a lift from associates
      194 4 SINGAPORE Telecommunications Ltd shares gained the most in almost two weeks on speculation that earnings at its units will grow this year even as economic growth in Asia falters. Sing Tel, as South-east Asia's biggest telecommunications company is known, added over 4 per
      AFP  -  194 words
    • Article
      Lock icon Shake-out seen in Asia asset management
      527 5 Reuters Allianz says it's poised to bulk up its presence in the region, launch Chinese equity fund [LONDON] Some of the biggest global asset management companies will scale back sharply in Asia or sell their units there as global markets continue to fall, and
      ■ Reuters  -  527 words
    • Article, Illustration
      Lock icon Deka to invest 1.7b euros through property funds
      651 5 Reuters It may invest in new markets such as Singapore [LONDON] Dekaßank, Germany's largest manager of property funds, expects to invest about 1.7 billion euros (553.3 billion) in 2009 through its real estate funds, even as other German funds hold back due
      – Reuters  -  651 words
    • Article, Illustration
      Lock icon Slight earnings boost for key sectors
      485 7  -  JAMIE LEE BUDGET PLAYS Banks sidelined; companies with big staff, developers set to benefit: analysts ByJ ANALYSTS expect key sectors to get a slight earnings boost from last week's Budget measures, but say the fiscal stimulus cannot alter the weak economic outlook for most
      FILE PHOTO  -  485 words
    • Article
      Lock icon Public transport stocks seen as beneficiaries
      471 7  -  LYNETTE KHOO By PUBLIC transport stocks are looking good as key beneficiaries of a slew of measures in the latest Budget. The recessionary mood may also result in higher passenger numbers as people choose more affordable public transport over private transport, analysts say. Yesterday,
      471 words
    • Article
      Lock icon Thai regulator to issue new 3G licences by Q3
      365 7 Reuters Move expected to reduce regulatory costs for operators [BANGKOK] Thailand's telecoms regulator said yesterday it expected to issue new licences for third-genera-tion mobile services by the third quarter of 2009, seen as a key step in reforming the sector. The
      – Reuters  -  365 words
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      Lock icon Page 4 Advertisements Column 1
      1560 4 V#^L k AT/^^TT/nr r> To"free: 180°-289-8822 V v II L V Email: notices@sph.com.sg _L V^>/ J. J.^^^ I-■ kj www.cats.com.sg INTHEMAnEROF I 1 IN THE MATTER OF IN THE MATTER OF THE THE COMPANIES ACT, CAP. 50 In The Matter Ot The Companies Act, THE COMPANIES ACT, CAP. 50 COMPANIES
      1,560 words
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      13 4 CATS Recruit The first door to your world of opportunities GBAI3 I RECRUIT
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      1220 5 ASCENDAS REAL ESTATE INVESTMENT TRUST L Preferential "1 -for-15" Offering at Q" 6| P £9^ ascendas reit W^F m/^r HI H per New Unit to Entitled Unitholders Business Hi-tech Light Logistics Warehouse I Science Parks Industrial Industrial I Distribution Retail Centres M Facilities A-REIT launches a preferential offering of up
      1,220 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI rallies on hopes of Wall St gains
      617 6  -  R SIVANITHY STOCKS But the rise, in anticipation of more US govt bailouts, could eventually prove to be yet another bear trap/rally AFTER dropping 240 points, or 12.4 per cent, since closing at 1,924 on Jan 5, the Straits Times Index yesterday
      Bloomberg  -  617 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      84 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 9 1 4 0 0 0 9 1 4 lanufacturing 61 24 29 62 25 36 Commerce 23 24 13 'pt/Stor/Comms 22 25 :inance 28 28 Construction 10 'roperties 22 22 lotels/Rsts jervices 27 10 15
      84 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      113 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 20,150 20,150 58,722 58,722 lanufacturing 147,051 1,964 149,015 123,477 261 123,738 lommerce 64,761 14,288 79,049 59,248 2,006 61,254 'pt/Stor/Comms 79,325 165 79,490 134,798 31 134,828 :i nance 36,460 36,460 256,683 256,683 lonstruction 22,319 1,488 23,807 1,280 28 1,308 'roperties
      113 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      106 6 lapitaLand 2.490 +0.130 Noble Grp 1.050 +0.090 lapitaMall 1.560 +0.100 OCBCBk 5.170 +0.250 jtyDev 5.930 +0.420 Olam 1.260 +0.100 losco Corp 0.815 +0.040 S IA 11.300 +0.340 IBS Grp 8.990 +0.610 SGX 5.210 +0.260 :&N 3.120 +0.160 SIAEngg 2.030 +0.030 ient Intl 0.445 +0.015 SPH 2.770
      106 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      923 6  -  LYNETTE KHOO Suntec Reit Jan 28 close: $0.67 Citi, Jan 23 RESULTS in line: For Q4OB, Suntec reported a distribution per unit (DPU) of 2.85 cents, flat quar-ter-on-quarter. Rental revenue was up 3 per cent q-o-q and net property income (NPI) improved 5 per cent q-o-q as reversion
      923 words
    • Article
      Lock icon Euro gains vs US$, yen as risk aversion ebbs
      708 6 Reuters CURRENCIES [LONDON] The euro gained against the US dollar and the yen on yesterday, helped by rising equities and easing risk aversion, with focus on the meeting of US rate-setters later in the day. Some better-than-expected economic data and corporate
      ■ Reuters  -  708 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      3 6
      3 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      58 6 Jan 28 VALUE CLOSE IT OB/OS -558.00 +317. C IT CADI -*****.00+150. IT 10-day MA -*****.00 -56.0' TSE ST Mid Cap 358.83 +13.41 TSE ST Small Cap 291.03 +4.31 TSE ST All Share 423.14+17.9! TSE ST China Top 185.40 +7.4i TSE ST China 181.43 +5.8 IOB Catalist
      58 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      60 6 VOLUME Golden Agri 38,467,000 Sing Tel 31,173,000 Noble Grp 29,308,000 Gems TV 21,016,000 Gent Intl 19,389,000 Capita Land 18,943,000 Suntecßeit 17,554,000 China Honqxinq 16,852,000 SPH 15,509,000 Cosco Corp 13,286,000 VALUE(S) DBS Grp 97,948,950 Sing Tel 80,883,462 UOB 56,425,317 OCBC Bk 52,408,570 Capita Land 46,253,483 SPH 41,917,510 Keppel
      60 words
    • Article
      Lock icon RISES
      106 6 CLOSE UP LD 10US$ 8776 527.4 4.2 China H 10US$ 906 71.9 5.' IOB 1220 66.0 5. iBS Gr| 899 61.0 7. IQB 5.05%NCPS 100 9440 60.0 0.' MS India 10US$ 717 56.9 5.' India Ni 10 871 53.0 6. ISH 1018 46.5 3.1 At 593 42.0 7.' lardine
      106 words
    • Article
      Lock icon FALLS
      122 6 CLOSE DOWN lain 430 -13.5 -2.1 irm IOBBAReCW*****0 26.5 -11.5 -30.3 iBS Bk6% NCPS 10 9600 -10.0 -0.1 IOI 229 -10.0 -4.2 iBS DB ePW*****2 54.5 -8.5 -13.5 ;TI 1700 DBePW*****2 16.5 -8.0 -32.7 m 1850 DBePW*****1 44 -8.0 -15.4 m 2200BNPePW*****6 56.5 -7.5 -11.7 iBS BNPePW/*****9 40.5 -6.5
      122 words
    • Article
      Lock icon CURRENCIES
      85 6 iere i S$ stands Jan 28 CHNG CLOSE FRJan23 YR 2008/2009 S$ LOW S$ HIGH ISS 1.4985 0.55 1.5346 1.3457 iuro 1.9860 -2.58 2.2064 1.8640 'ounds 2.1394 -4.00 2.8431 2.0512 1.0002 -2.87 1.3251 0.9068 ren* 1.6795 1.76 1.7278 1.2619 lupiah* 0.***** 0.55 0.***** 0.***** !aht* 4.2925 0.61 4.4299 4.0190
      85 words
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  • Page 7 Advertisements
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      3 7 The Business Times
      3 words
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      Lock icon Page 7 Advertisements Column 2
      154 7 Our qualified professionals R'Jfc-/ can assist you with offshore £j| structures, shelf companies '4^ and incorporations in ALL jurisdictions including: jiuj^ffl y^Y^ -C^ II fa| »J -B British Virgin Islands Cayman Islands 73 Bahamas Seychelles I Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Business China signs MOUs with five of its partners
      536 8  -  BRITTANY KHOO Collaborations aimed to broaden its range of activities By THE new year in the Chinese calendar is bringing the prospect of even closer business contacts between Singaporeans and Chinese. Working to this end is Business China, whose mission is
      THE STRAITS TIMES  -  536 words
    • Article
      Lock icon Search starts for national science, technology awards
      202 8 THE search is on for scientists and engineers to be nominated for the National Science and Technology Awards (NSTA). Nominations are open until Feb 23. The awards are in four categories the National Science Technology Medal, National Science Award, National Technology Award and
      202 words
    • Article
      Lock icon Demand for power to remain flat this year
      473 8  -  RONNIE LIM Industry sources cite shrinking economy and fall in electricity consumption in Oct and Nov last year By ELECTRICITY demand is tipped to stay flat this year as the economy shrinks 2 to 5 per cent. The average 3-4 per cent
      473 words
    • Article
      Lock icon Making S'pore a more exciting place to visit
      951 8  -  ROBIN HICKS By STB's initial brief and credentials requirements. Agencies with complementary expertise are expected to group together in "pitching clubs" to give shops of all sizes and disciplines a chance of winning. According to the tender document, STB wants to "enhance
      951 words
    • Article
      Lock icon Merchant Solutions targets SMEs
      219 8 MERCHANT Solutions, which equips companies with point-of-sale (POS) terminals and other products and services to accept payment by credit card, intends to reach out to more SMEs. CEO and managing director Scan Hesh said: "A lot of small businesses are still cash-based. We would love to
      219 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Conference on fair employment practices
        58 8 SINGAPORE'S first Conference on Fair Employment Practices will be held at the Orchard Hotel on Feb 10. The conference, presented by the Singapore Tripartism Forum in partnership with the Tripartite Alliance for Fair Employment Practices and the Tripartite Centre for Fair Employment, aims to inspire
        58 words
      • Article
        Lock icon SDU and SDS to merge
        62 8 THE Social Development Unit (SDU), which was formed in 1984 to address the problem of declining number of marriages among female graduates, and the Social Development Service (SDS), which was set up a year later to promote marriage among non-graduates, will be merged to reap
        62 words
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      69 8 1^— _—I Tf^B The famous "A Room Within A Room" concept originally B Chic retro design A with white exterior A red interior cushioned B wall that is B upholstered in fabric V Durable stylish II fiberglass shell Swivels 360 degrees Removable interior cushions for easy cleaning Shuts you out
      69 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Insider Dudley named head of New York Fed
      608 9 -NYT He has valuable experience in policymaking [NEW YORK] Within the byzantine corridors of the Federal Reserve Bank of New York, William C Dudley is a consummate insider. From his small office near rows of flickering trading screens, he has quietly orchestrated
      -NYT  -  608 words
    • Article, Illustration
      Lock icon Geithner sets limits on lobbying for US$700b bailout funds
      899 9 ■NYT Aim is to prevent political interference in decisions on which banks get assistance [WASHINGTON] New Treasury Secretary Timothy Geithner announced on Tuesday that he would crack down on lobbying to influence the US$7OO billion financial bailout programme by companies that
      ■NYT; AP  -  899 words
    • Article, Illustration
      Lock icon Slowing Asian demand tells on Aussie economy
      652 9 ■AFP [SYDNEY] A slew of economic data yesterday pointed to an abrupt end to boom times in Australia as Asia's fading appetite for mining resources and the global financial crisis put the brakes on the economy. Inflation fell for the first time in
      ■AFP; I REUTERS  -  652 words
    • Article
      Lock icon Japan and US agree on need for speedy stimulus
      297 9 Reuters [TOKYO] Japan and the United States yesterday agreed to work closely to overcome the global economic crisis, with their financial heads stressing the need for speedy stimulus measures to bolster their economies. Growing problems in the world economy warrant a
      – Reuters  -  297 words
    • Article
      Lock icon Spain is officially in recession
      289 9 -AP [MADRID] Spain's economy once one of Europe's rising stars plunged into recession after official figures yesterday showed it had contracted sharply in the fourth quarter of 2008, its second straight quarterly fall. Spanish economic output fell 1.1 per cent in the last three months
      -AP  -  289 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon KL may unveil another stimulus package in Feb
      520 10  -  S JAYASANKARAN It could lead to a downgrade in the country's sovereign debt rating By in Kuala Lumpur THE Malaysian government is tipped to unveil a second economic stimulus package of RM7 billionRMIO billion (552.92 bil-lion-554.17 billion) next month. Deputy Prime Minister
      520 words
    • Article
      Lock icon Janakuasa eyes 2nd Vietnam power plant
      413 10 [KUALA LUMPUR] Janakuasa, which won a US$l.5 billion job in Vietnam this month, is in talks to build a second power plant there as well as working to secure another deal in India, says Malaysia's Business Times newspaper. Janakuasa Sdn Bhd expects its plate
      413 words
    • Article
      Lock icon Malaysian banks seek legal help on loans
      489 10 [PETALING JAVA] More banks are expected to institute recovery and liquidation proceedings in anticipation of higher bad loans this year and next year due to the global economic crisis, according to a report in The Star newspaper yesterday. The daily said that the
      489 words
    • Article, Illustration
      Lock icon Fatwa on smoking angers Indonesians
      513 10 Reuters [JAKARTA] Indonesian smokers and the country's tobacco industry have slammed a move by the nation's top Islamic body to place restrictions on tobacco use by Muslims, calling it an interference in private lives. Health campaigners welcomed the move, but said that the government now
      – Reuters; | REUTERS  -  513 words
    • Article, Illustration
      Lock icon Malaysian state railway does not need privatisation, says MD
      813 10 Completion of the double tracks allows it to run more trains [KUALA LUMPUR] Malaysia's national railway company, Keretapi Tanah Melayu Bhd (KTMB), does not need to be privatised in order to be profitable or to progress, its managing director Abd Radzak
      I FILE PHOTO  -  813 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Clinton urges broader China approach
      655 11 -AP Stronger diplomatic engagement mooted; Gates says US can handle any war threat [WASHINGTON] The Obama administration is promising stronger diplomatic engagement with China but has also warned that the United States is ready to handle any Chinese military threat. In her first comments to
      -AP  -  655 words
    • Article, Illustration
      Lock icon Satyam names bankers, to pay salaries on time
      852 11 Bloomberg Reuters, AFP, [HYDERABAD] Fraudscarred Satyam Computer Services on Tuesday named a management adviser and investment bankers to help revive its fortunes and said it would pay January salaries on time. Shares in the company soared 21.36 per cent to 47.15 rupees
      Bloomberg; Reuters,; AFP,; AP  -  852 words
    • Article
      Lock icon Huawei world's top patent seeker in 2008
      306 11 Reuters [GENEVA] Huawei Technologies, China's largest telecoms equipment maker, was the world's top international patent seeker last year, a United Nations agency said on Tuesday. It was the first time a Chinese company topped the list of applicants for World Intellectual Property Organisation
      ■ Reuters  -  306 words
    • Article
      Lock icon Labour rights a casualty of China's economic gloom
      649 11 j Reuters [SHENZHEN] As China's economic storm clouds darken and more firms face bankruptcy, factory workers such as Xiang Yongheng have seen their confidence badly shaken in the authorities who are supposed to protect their labour rights. Beaten by thugs last week
      —j ■ Reuters  -  649 words
    • Article
      Lock icon Indian retail group in talks with Carrefour
      254 11 ■AFP [NEW DELHI] India's largest retailer Future Group is in "advanced talks" with Europe's largest retailer Carrefour for a joint venture to set up cash-and-carry outlets in India, a report said yesterday. A deal with Future, owner of India's leading Big Bazaar supermarket
      ■AFP  -  254 words
    • Article
      Lock icon Domestic challenges thwart growth
      325 11 Keuters [BEIJING] China's economic growth in coming years could slip to 7 per cent or less a year, burdened by the global financial crisis and domestic constraints, an adviser to the country's central bank wrote in a new academic paper. But the adviser, Fan Gang, who
      Keuters  -  325 words
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  • WORLD
    • Article
      Lock icon Britain offers £2.3b in aid to battered car industry
      519 12 Reuters Package centrepiece is a guarantee of up to £1.3b in car industry loans [LONDON] Britain on Tuesday pledged to guarantee up to £2.3 biUion (Ss4.B billion) of loans to help its ailing car industry cope with a slump in demand
      – Reuters  -  519 words
    • Article, Illustration
      Lock icon John Updike dies of lung cancer, aged 76
      693 12 Reuters OBITUARY [BOSTON] John Updike, a leading writer of his generation who chronicled the drama of small-town American life with flowing and vivid prose, wit and a frank eye for sex, died on Tuesday of lung cancer. He was 76. "It is
      – Reuters; AFP  -  693 words
    • Article
      Lock icon Ex-Merrill chief subpoenaed in bonuses probe
      594 12 Reuters [NEW YORK] New York's at-torney-general has subpoenaed former Merrill Lynch Co CEO John Thain to testify about bonuses paid to Merrill executives a few days before the brokerage's takeover by Bank of America Corp. Attorney-general Andrew Cuomo is also examining the timing and
      – Reuters  -  594 words
    • Article
      Lock icon Yahoo's Q4 loss not as bad as expected
      823 12 -AP [SAN FRANCISCO] Yahoo Inc stumble d to a fourth-quarter loss of US$3O3 million, but the slumping Internet company withstood the recession better than analysts had expected. In an expression of investors' relief, Yahoo's drooping shares picked up more than 5 per
      -AP  -  823 words
    • Article
      Lock icon Citigroup names interim head of Citi Holdings, ditches jet
      661 12 Reuters Its plan to buy a USssom executive jet severely criticised [NEW YORK] Citigroup Inc, battered by massive losses that forced a government bailout, named a chief to temporarily oversee assets that it is looking to shed, and scrapped plans to
      ■ Reuters  -  661 words
    • Article, Illustration
      Lock icon Fed takes step to fight foreclosures
      582 13 Reuters Goal of policy is to avoid preventable foreclosures on residential assets [WASHINGTON] The Federal Reserve on Tuesday took a step towards easing mortgage foreclosures threatening millions of Americans, announcing that it would write down troubled mortgages to keep people in their homes. Fed
      – Reuters; BLOOMBERG  -  582 words
    • Article
      Lock icon Japan vows to create more jobs, fair rules
      310 13 Reuters [TOKYO] Japanese Prime Minister Taro Aso warned yesterday of the risks of a bare-knuckle capitalism that he said had contributed to the global financial crisis, as he vowed to rescue Japan's economy from recession and create 1.6 million new jobs. In
      Reuters  -  310 words
    • Article, Illustration
      Lock icon Germany 'mulls buying 70% of Hypo Real'
      474 13 Bloomberg It may nationalise the bank it tried to bail out twice [BERLIN] Germany is considering buying a 70 per cent stake in Hypo Real Estate Holding AG and may nationalise the lender after the government twice tried to bail it out, three
      Bloomberg; REUTERS  -  474 words
    • Article
      Lock icon Asda to create 7,000 jobs this year
      204 13 Bloomberg [LONDON] Asda, Wal-Mart Stores Inc's UK supermarket chain, said it plans to create 7,000 jobs this year as it adds more store space, bulks up its Internet operations and sells more goods besides food. Asda said yesterday it will work with government
      Bloomberg  -  204 words
    • Article, Illustration
      Lock icon AIG offered US$1b in retention payments to employees
      694 13 Bloomberg [NEW YORK] American International Group Inc (AIG), the insurer saved from collapse last year by government money, may have committed more than US$l billion to employees to keep them from leaving the company. About 400 workers at New York-based AlG's financial
      – Bloomberg  -  694 words
    • Article
      Lock icon Japan broadcaster going on air
      461 13  -  ANTHONY ROWLEY 24-hour English network spans Asia By in Tokyo MOVE over CNN and BBC, and make way for JIB. Perhaps not quite but the planned launch of 24-hour English-language broadcasting next Monday by Japan International Broadcasting (JIB), a partly owned subsidiary of Japanese public
      461 words
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  • WORLD ECONOMIC FORUM
    • Article, Illustration
      Lock icon Shell-shocked Davos meeting looks to Asia for succour
      637 14  -  RAVI KANTH Gloomy participants unwilling to predict how long global recovery will take By in Davos, Switzerland CHINA, Japan and other key Asian countries need to do some "heavy lifting" to put the tottering world economy back on the rails in the
      BLOOMBERG  -  637 words
    • Article, Illustration
      Lock icon CEO confidence plunges round the world
      601 14 Rev ters Most expect slow, gradual recovery over three years CONFIDENCE among leaders of the world's top companies meeting in Davos has nosedived to a new low, with recession and a worsening credit crisis torpedoing faith in corporate prospects. The findings from a poll
      Rev ters; BLOOMBERG  -  601 words
    • Article
      Lock icon West paying price for binge: Murdoch
      241 14 ■AFP Recovery will take time despite the efforts, he says MEDIA mogul Rupert Murdoch said yesterday that the West was paying the price for a spending "binge" and that recovery would take time despite government stimulus efforts. "The crisis is getting worse," the News
      ■AFP  -  241 words
    • Article
      Lock icon US has more huge firms to outlast crisis: study
      317 14 ■AP THE United States may be mired in recession, but it still has more large companies best suited for sustainability than any other nation, according to a study released yesterday. The Global 100 list compiled by Canadian magazine Corporate Knights and
      ■AP  -  317 words
    • Article
      Lock icon Dubai wealth fund still wary of big bets
      397 14 Reuters To date, the fund has lost billions in the financial crisis ASSET prices are at very reasonable levels but it is still to early to make big bets on long-term investments as the global financial crisis will get worse, Dubai International
      Reuters  -  397 words
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  • FOCUS: WHITHER ETHICS?
    • Article, Illustration
      Lock icon Will business ethics be taken seriously?
      1093 15 Reuters MOST major American companies have an ethics officer, but as investors survey the wreckage of a deepening financial crisis that has exposed behaviour ranging from risky to downright illegal, one might ask: "What were they doing?" From Bernard Madoff s alleged US$5O billion
      Reuters  -  1,093 words
    • Article, Illustration
      Lock icon Many more mini-Madoffs popping up all over the shop
      1310 15 NYT [NEW YORK] Their names lack the Dickensian flair of Bernie Madoff, and the money they apparently stole from investors was a small fraction of the US$5O billion that Madoff allegedly lost of his clients' savings. But the number of other
      NYT  -  1,310 words
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  • AVIATION
    • Article
      Lock icon Thai govt will step in to help troubled flag carrier
      329 16 -AFP [BANGKOK] Thailand's deputy prime minister yesterday said that the financial state of flag carrier Thai Airways was "alarming" and promised that the government would step in to help it. Suthep Thaugsuban proposed talks between the finance and transport ministries
      -AFP  -  329 words
    • Article, Illustration
      Lock icon Lufthansa cancels 80 flights as cabin crews stage six-hour warning strike
      212 16 Bloomberg, Reuters [BERLIN] Deutsche Lufthansa AG, Europe's secondlargest airline, cancelled 80 flights yesterday morning as cabin crews staged a six-hour "warning strike" at airports in Berlin and Frankfurt. No intercontinental flights were affected by the strike, said Peter Schneck-
      – Bloomberg,; Reuters; AFP  -  212 words
    • Article
      Lock icon Delta shares slide as Q4 loss exceeds estimates
      478 16 Bloomberg [ATLANTA] Delta Air Lines Inc, the world's largest carrier, fell the most in three months in New York trading after posting a fourth-quarter loss that exceeded analysts' estimates. Excluding one-time costs for fuel hedges and stock grants related to buying Northwest
      – Bloomberg  -  478 words
    • Article
      Lock icon Fraport expects decline in passengers
      353 16 Reuters It feels fallout from economic crisis as consumers, firms spend less on travel [FRANKFURT] Fraport sees the aviation business reaching its trough in the first quarter as travellers shy away from spending on flights during the global economic crisis, management board member Stefan Schulte
      – Reuters  -  353 words
    • Article
      Lock icon lata urges Mid-East to address inefficiencies
      133 16 Bernama [DUBAI] The International Air Transport Association (lata) has urged governments, air navigation service providers (ANSPs) and aviation groups to urgently address air traffic inefficiencies that are jeopardising the sustainability of aviation in the Middle East. lata regional vice-president for the Middle East and
      Bernama  -  133 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2597 16 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), AI Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), BI Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,597 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Lock icon Page 16 Miscellaneous Column 1
      324 16 CRYPTIC CROSSWORD ACROSS sound outside (8) IK 9 With preblended ingredients P^B__BH__HH__^H__^J__L J__^J__ prepared, Michael's report- 1 10 I I 10 Graduate's contract for resin I [Gj I 11 Having a corporation in a T^ r^H 12 Not much of a surge in the BB^l H j 11 11 i
      324 words
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  • SHIPPING
    • Article, Illustration
      Lock icon Japanese navy on standby for deployment to Somalia
      586 17 -AFP Final orders from PM Aso expected to come at least one month later [TOKYO] Japan yesterday ordered its navy to start preparations for deployment in waters off Somalia, becoming the latest nation to step up the fight against pirates in the
      -AFP; AP  -  586 words
    • Article
      Lock icon Development zone at Caofeidian takes shape
      312 17 Kin hua [CAOFEIDIAN, Hebei] China's port construction, steel and power giants will pour 192.9 billion yuan (5542.5 billion) for infrastructure construction in Caofeidian, an islandturned development zone in the Bohai Bay in north China, according to the city government of Tangshan, which administrates the
      Kin hua  -  312 words
    • Article
      Lock icon Tanker rates seen falling till Q4 as demand stays flat
      345 17 Bloomberg [NEW YORK] General Maritime Corp, the second-largest US owner of oil tankers, expects tanker rates to fall until the fourth quarter as demand for crude shipments stays near current levels and new supertankers enter the world fleet, chief financial
      Bloomberg  -  345 words
    • Article, Illustration
      Lock icon Industry veteran named MD of Thome Offshore Mgt
      301 17  -  VINCENT WEE ByV [SINGAPORE] Thome Ship Management's offshore services arm Thome Offshore Management has appointed industry veteran Tore Nedregaard as its new managing director. Previous managing director Claes Eek Thorstensen meanwhile has been appointed president of the Thome Group but will continue
      301 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        102 17 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KWentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.25 0.18 0.82 0.34 0.65 0.47 0.04 ....unch
        102 words
      • Article
        Lock icon KLSE
        36 17 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.58 unch 8.40 2.60 2.38 unch unch 0.02 unch unch 0.06 -0.01 unch unch 80 0 33 175 2 0 0
        36 words
      • Article
        Lock icon BANGKOK
        12 17 '00 ■recious Ship Jegional Cont .11.00 ...6.65 0.10 -0.10 2757 225
        12 words
      • Article
        Lock icon HONGKONG
        12 17 '000 Ian Doil iingamas Cont 16.14 0.75 -0.02 unch 499 3270
        12 words
      • Article
        Lock icon PHILIPPINES
        17 17 '000 Aboitiz Equity Intl Container Keppel Marine 5.80 12.00 unch unch -1.00 unch 461 765 0
        17 words
      • Article
        Lock icon TAIPEI
        22 17 Evergreen Marine ....13.40 :irst Steamship 31.70 ManHai Lines 13.55 r"ang Ming Marine 8.96 unch 1.10 0.75 -0.04 5 5 4 8
        22 words
      • Article
        Lock icon TOKYO
        40 17 '000 (awasaki Hvy Ind ..173.00 (awasaki Kisen 379.00 Mitsubishi Hvy 353.00 i/litsuiEng&Sbldg...139.00 Mitsui Osk Lines 587.00 Nippon Express 343.00 Nippon Yusen 504.00 'iource: Thomson Reuters -2.00 ***** -1.00 6467 6.00 ***** unch 6243 -1.00 ***** -3.00 4661 6.00 9431
        40 words
    • Article
      Lock icon US stimulus may bypass water projects
      338 17 Reuters [WASHINGTON] The creaky system of locks and dams on the Mississippi River that moves US$3OO billion of goods through the inland United States each year may not be eligible for much funding from the US stimulus plan, the head of the National Corn
      Reuters  -  338 words
    • Article
      Lock icon Japanese fishing vessel captured by Russia
      167 17 ■AFP [TOKYO] Russia has captured a Japanese fishing vessel with 10 crew members on board and Tokyo is pressing for their release, officials here said yesterday. The No 38 Yoshi Mam was seized by Russian authorities late on Tuesday near waters between the two
      ■AFP  -  167 words
  • Page 17 Advertisements
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      48 17 taWat THE HEARTBEAT OF THE INDIAN COMMUNITY 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 circs@sph.com.sg to get a copy delivered to your doorstep. SiV Singapore Press Holdings
      48 words
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      Lock icon Page 17 Advertisements Column 2
      9 17 MUSIC i r ONLY ON TCOfcV o BEST MUoX
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  • EDITORIAL & OPIONION
    • Article
      Lock icon Common sense over health issues
      466 18 FINALLY it seems, common sense has prevailed over Taiwan's relationship with the World Health Organization (WHO). The island is now included in the International Health Regulations, a framework to "prevent, protect against, control and provide a public health response to the international spread of disease"
      466 words
    • Article, Illustration
      Lock icon The comeback of public-sector capital
      1014 18  -  ANTHONY ROWLEY Multilateral lenders offer hope again as private capital flows to emerging markets tank ISMAL is the only way to describe the latest data A on private capital flows I from the developed to the developing world (including Asia), with banks withdrawing their loan
      1 AFP  -  1,014 words
    • Article, Illustration
      Lock icon The rhetoric and the reality of yuan bashing
      806 18  -  WILLIAM PESEK JR THE BOTTOM LINE CHINA took Barack Obama s views on the yuan seriously. So seriously that it is doing the exact opposite of what the US president would like. China let the yuan fall the most in a month
      806 words
    • Article, Illustration
      Lock icon Time to rethink the Washington Consensus
      1035 19  -  RAMKISHEN S RAJAN KENNETH A REINERT As globalisation unravels, it's time to revisit this mantra, and the current WEF would be a good place to start By and ECONOMIC globalisation, broadly defined as the reduction of economic distances between nations, has been fostered by
      BLOOMBERG  -  1,035 words
    • Article, Illustration
      Lock icon A lot riding on the stimulus package
      967 19  -  LEON HADAR ON THE same day that Timothy Geithner was sworn in as the new US Treasury Secretary, several major US corporations, including Home Depot and Caterpillar, announced that they would be cutting more than 75,000 jobs in the US and worldwide. The
      967 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8418 20 Transaction date: Jan 28 Hii Low Code Com| >ari] Sale (*000) Hii Low Bu] fer Seller Cvr P/E j3 High Low Code Company Sale C000) High ■ow Buyer Seller Cvr •k P/E Sinii High Low Code Company Sale C000) High ■ow Buyer Seller Cvr •k P/E Sinii 9
      8,418 words
    • Article
      Lock icon SGX CATALIST
      1810 21 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
      1,810 words
    • Article
      Lock icon SGX XTRANET
      70 21 52-Wk Tel h Low Code Last Sale Vol fOOO) Day 111 Low Last Quote Buyer Seller Div GrYld Net MCap C'yr P/E $mil _Hm Comi _Hm ***** ***** 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS 335
      70 words
    • Article
      Lock icon CLOB INTERNATIONAL
      77 21 52-Wk Tel High Low Code Last Sale Vol Cooo] Day lh Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi >an' Hii 90.4 36 6000 AVJennings 12 4 6134 Over&Gen 27 6 6017 StarCruises.... 250 104 6019 TanChonglnt ...A39 ...A8 .uss .HK122 -2 -0.5
      77 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8805 21 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.388/ AIGIF Spore Bond Fund/A 1.231/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.6/ APS Alpha Fund (USD)!** 0.39/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5981/ APS Komaba Global
      8,805 words
  • Page 20 Advertisements
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      26 20 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. JBs M 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676. f^^^^W J|
      26 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      381 22 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Jan 27 World Index Preliminary 636.2 1.1 -43.8 1.7 -43.8 1.4 -46.3 t EAFE Prel liminai 608.4 1.3 -45.7 2.4 -47.5 2.0 -49.1 Euroi Prelim
      381 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 22 As at 9am Jan 28 Singapore dollars to one unit rf foreign currency: Currencies Bid Offer s,ust dollar 0.9870 1.0200 .an dollar 1.2160 1.2310 luro 1.9710 1.9940 IZ dollar 0.7870 0.8040 iterlini ind 2.1170 2.1410 JS dollar 1.4900 1.5070 .ocal dollars to 100 units if foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      151 22 Jan 28 Xterniqht 1/16 -month 7/16 -months 9/16 l-months 11/16 Overnight mode: 0.15 IS$ Offer PAR 3/16 5/16 7/16 BJd 1 days I month I months months d months months I I. (All 0.35 0.55 1.10 1.50 1.90 2.20 2.40 Offer 0.25 0.45 0.80 1.10 1.40 1.70 1.90
      151 words
    • Article
      Lock icon STOCK INDEX FUTURES
      20 22 Jan 28 STI IIMSCI Feb 208.0 214.7 214.2 "aiwan Feb closed Source: MF Global (S) He. Ltd
      20 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 22 Jan 28 Bid Offer -month 1.4983 1.4998 !-months 1.4976 1.4992 i-months 1.4967 1.4986 >-months 1.4954 1.4973 Source: OCBC
      21 words
    • Article
      Lock icon PALM OIL
      59 22 Jan 28 lelivery flonth Opening Range Sett Av Price Price Hi Low Vol Open Done Position :eb 09 1809 1799 1815 1800 125 *arO9 1793 1789 1811 1780 569 \pr 09 1800 1782 1815 1770 4896 day 09 1807 1780 1813 1778 484 Total o/p: ***** contracts Turnover:
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      274 22 Jan 28 URODOLLAR FUTURES VlarO9 unO9 >epO9 DecO9 98.9150 98.9700 98.9400 98.8100 ***** 4273 3868 1454 EUROYEN TIBOR FUTURES VlarO9 99.350 99.350 unO9 >epO9 DecO9 99.460 99.480 Vlar10 un10 >ep10 DedO 99.340 99.460 99.340 99.445 99.470 99.455 99.400 99.340 99.280 99.235 75 250 ***** 7111 3169 1475
      274 words
    • Article
      Lock icon SICOM FUTURES
      186 22 Jan 28 tUBBER Futures (Closing prices) !SS 3 (US cents/kg) /lonth High Low Close Sett Volume (lots) O/l lots) :eb09 150.0 War 09 \prO9 VlayO9 lunO9 155.5 lul 09 150.0 155.5 150.0 152.5 155.0 156.0 156.0 156.0 76 140 140 180 16 635 678 939 937 974 397
      186 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 22 Jan 28 'eriod Issue code Maturity Yesterday's Bid Hi< Day's |h Low 1-Month BQ*****Z 30.04.09 -Year BY*****V 02.11.09 0.32 0.47 3OVERNMENT BONDS >eriod Issue Coupon Maturity code rate Close Bid Hio Day's cjh Low !-Year N*****0E 3.125 i-Year NX*****Z 2.250 '-Year N*****0S 2.875 0-Year NY*****A 4.000 5-Year NY*****X
      88 words
    • Article
      Lock icon CHICAGO BOT
      103 22 Jan 27 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Mar 09 976.00 1009.00 1017.25 973.00 May 09 983.75 1016.75 1024.00 980.00 Jul 09 991.75 1024.00 1031.25 989.25 AugO9 985.50 1014.50 1015.00 983.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 09 32.77 33.77 34.15 32.62 May
      103 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      75 22 CRUDE OIL PRODUCTS Jan 27 origin] t/barrel Close Cham irent blend (1-Mth F) 44.14 -4.7i VTI (Near Mth) 42.05 -3.7' iubai (1-Mth F) 45.22 -1.1! "apis blend 50.15 -1.21 i/linas 46.80 -1.21 >RODUCT JS$/barrel (FOB S'pore) Close Chanqi Naphtha Jet Kerosene 43.90 55.80 uncl und US$/barrel )pec Oil Basket Price
      75 words
    • Article
      Lock icon INTERBANK CROSS RATES
      462 22 Jan 28 AS Rmb Euro HKS IndRsRi Yen Won RM NZS Pak Rs Peso i« Rand Sfr NTS Baht Pound USS Australia 0.817 4.575 0.503 5.189 32.669 75.920 0.597 9.184 2.403 1.260 52.806 31.365 1.003 6.652 0.759 22.532 23.338 0.469 0.669 Canada 1.225 5.603 0.617 6.355 40.010
      462 words
    • Article
      Lock icon SIBOR
      65 22 Jan 28 mth 0.***** 0.***** mths 0.***** 0.***** 6mths 1.***** 9 mths 1.***** 12 mths 1.***** mths 1.***** 0.***** mths 1.***** 0.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 1.***** 5yrs 1.***** 7yrs 2.***** 10yrs 2.***** 12 yrs 2.***** 15 yrs 2.***** mths 1.*****
      65 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 22 Jan 28 Against SS lurrencies Bid Offer Against USS Bid Offer >$IUS$ to one unit of foreign currency: Australian dollar 1.0021 1.0034 0.6688 0.6690 'anadian dollar 1.2272 1.2289 0.8190 0.8194 iuro 1.9905 1.9929 1.3284 1.3288 IZ dollar 0.7946 0.7968 0.5303 0.5313 jterlini ind 2.1358 2.1383 1.4254 1.4257
      154 words
    • Article
      Lock icon PRECIOUS METALS
      140 22 Jan 28 iOLD (USS/oz) Jan 23 Jan 22 (S» Sellim Bu -long K( .ondon Cong l 853.50 853.10 854.50 854.10 Jan 26 Jan 27 904.10 899.05 906.10 901.05 Source: Thomson Reuters Tvl 1489.44 134. UBS GOLD LUNAR KINEBAR (S$) Selling Buyini 10gm $522.16 42i SILVER Sellina Buvim 10gm
      140 words
    • Article
      Lock icon LONDON METALS
      61 22 ,luminium, 99.7% urity (US$/tonne) Close Previous :ash 1305.20 months 1340.00 1348.50 1383.00 Copper, Grade A (US$/tonne) :ash months 3273.00 3310.00 3518.50 3555.00 .ead (US$/tonne) :ash 1141.50 months 1145.00 1192.50 1195.00 lickel (US$/tonne) :ash months *****.00 *****.00 *****.00 *****.00 'in (US$/tonne) :ash *****.00 *****.00 months *****.00 *****.00 inc, Special
      61 words
    • Article
      Lock icon LIFFE
      65 22 Jan 27 (£/tonne) Close Prev Hii ih/Low War 09 2008 1982 2021/1930 Way 09 1988 1960 2000/1910 lul 09 1975 1945 1981/1895 iepO9 1959 1927 1965/1883 IOFFEE (US$/tonne) Close Pev High/Low Ian 09 2338 2330 2352/2302 SUGAR (US tonne) White Close Prev High/Low 1ar 09 371.7 370.6 372.8/363.0 lay
      65 words
    • Article
      Lock icon BONDS & WARRANTS
      2452 22 BONDS WARRANTS Tel Code Company Prem Expiry Tel Last Vol Conv Exer Disc Gear- Mths Code Company Sale +or- ('000) Ratio Price ing Left DBS DB ePW*****7 47.5 DBS MBL ECW*****4 0.5 DBS MBL ECW*****3 1.5 0.2 948 0.2 1517 0.2 1405 8 1 2 SIA BNP ECW*****3 STI 1500
      2,452 words
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  • Page 23 Advertisements
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      1956 23 m The Business Times Shipping Times 1 f 1 Lrßi Destination Destination I Wi STXPOTBN RTM/ANR/TIL DS VANGUARD CDN/SAV/NOL I 15 I WAN I WAN Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia I wan I a 1— 1 I 1 I WAN MIDDLE-EAST SERVICE F.E./S.E.A SERVICE I Destination
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      Lock icon Page 23 Advertisements Column 2
      1446 23 WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M ITxII\IAfAM UAI I lUrr TEL *****588 (14 LINES) FAX: *****163 V\ WAN H/\l INt J PKL TEL: (03) *****888 FAX: (03) *****288 P[N lib (04) *****00 FAX: (04)*****99 \L fclllfc«# J0HTFL:(07)*****23FAX:(07)*****215URTEL:(031)*****75FAX:(031)*****14/*****05 V^ JKITEL:(O2I) *****88 FAX:(021) *****88 PIM TEL: *****0/*****1 FAX:*****9 WWW.Wanhai.COIH.Sg 8ELTFL:(061)*****83FAX:(061)*****25/*****09
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  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      4467 24 BH BH BH .-..-I PCL/PHL SERVICE AMX SERVICE ConTectingECLSvcviaMALrAl I VESSEL VOY SIN I PKG I JEA I BND SIN I NSA I KHI I JED I DAM I MAR I VLC I GOA I MAR~ MLA I EXT I HAM I ANR I LEH I I DANDLE AMXII36W 29/01
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      Lock icon Page 24 Advertisements Column 2
      233 24 VESSEL TOY 111 LEE DESTINATION SRIJAYA 8 03/09 03/02 05/02 BELITUNG/PKL.BALAM LANGSAB 01/09 02/02 04/02 JAMBI/PEKAN BARU SUN FLORA 03/09 INPORT 30/01 PALEMBANG/PANJANG PRIMASAMUDRA 02/09 INPORT 30/01 BENGKULU/PADANG PERTAMAI 03/09 INPORT 30/01 BELAWAN/LHOKSEUMAWE PRIMAJAYAB 02/09 03/02 05/02 SABANG/MALAHAYATI VESSEL TOY EJA EID Destination INARAN 03/09 30/01 01/02 JAKARTA/CIGADING BERJAYAI 02/09
      233 words
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  • BizIT
    • Article, Illustration
      Lock icon Toshiba TEC plans to expand S'pore ops
      603 25  -  ONG BOON KIAT It's setting up a new hub and looking at 5-10% annual growth over next three years, CEO Mamoru Suzuki tells ALTHOUGH hit by the global downturn, business equipment maker Toshiba TEC is not cutting back in Singapore, but instead plans
      603 words
    • Article
      Lock icon Confidence is the key to recovery
      300 25  -  ONG BOON KIAT By THIRTY-YEAR industry veteran Mamoru Suzuki has never seen a global economic contraction as bad as the current one. "Since September last year, each month has been worse than the last one. I've never experienced such drastic deterioration in the short
      300 words
    • Article, Illustration
      Lock icon Data centres expected to do more with less
      1014 25  -  AMIT ROY CHOUDHURY By THE mantra for data centre managers in Singapore and across Asia Pacific including Japan (APJ) is: do more with less. This was the main finding of the 2008 State of the Data Centre report, a yearly study done
      1,014 words
    • Article, Illustration
      Lock icon The value of satellite communications
      1140 25  -  LISA WAGNER <you say> By DOWNTURNS in the economy can make even the most innovative business short-sighted. Companies tend to batten down the hatches and concentrate on what is truly important keeping customers and making money. Innovation and investment takes a back seat when a
      AFP  -  1,140 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Cash-hungry US firms turning to leaseback deals
      1349 26 AP As economy worsens, more companies seek to divest real estate [NEW YORK] A few years ago, AT&T became an active player in the real estate market not as a buyer but as a seller. The telecommunications giant sold its office towers in
      AP; BLOOMBERG  -  1,349 words
    • Article
      Lock icon More Reits may pay dividends in stock to save cash
      688 26 Bloomberg [SEATTLE] US real estate investment trusts may pay more of their dividends in 2009 in stock rather than in cash to save US$lO billion a year in the credit crisis. "Seventy companies out of 100 are likely to do
      Bloomberg  -  688 words
    • Article
      Lock icon UK firms offloading shopping centres
      139 26 Reuters [LONDON] Britain's two biggest property companies, British Land Co pic and Land Securities Group pic, will sell £750 million (Ssl.6 billion) worth of retail assets within weeks, The Times reported yesterday. British Land is close to selling a 50 per cent stake in the
      Reuters  -  139 words
    • Article, Illustration
      Lock icon Foreclosures benchmark US home prices
      779 27 Reuters Distressed homes generate almost half of existing homes' sales in December [NEW YORK] The US housing industry has seen the future, and it is foreclosures. The data released on Monday by the National Association of Realtors (NAR), in which distressed homes generated almost half
      Reuters; a REUTERS  -  779 words
    • Article
      Lock icon us architect firm cuts jobs in Dubai
      236 27 Bloomberg [DUBAI] Burt Hill, the US architectural firm that designed a motor-racing theme park in the United Arab Emirates, has cut about 20 per cent of its workforce there as the global credit crisis forces property developers to fire employees and delay projects.
      ■ Bloomberg  -  236 words
    • Article, Illustration
      Lock icon California home prices down 42%
      365 27 Bloomberg [LOS ANGELES] California home prices plunged 42 per cent in December from a year earlier as the US housing slump deepened and foreclosures hit record levels. The median price for a single-family home in the most populous US state fell to US$2Bl,lOO from U*****,820
      Bloomberg; REUTERS  -  365 words
    • Article
      Lock icon Gold Coast property sold at huge discount
      240 27 Bernama [MELBOURNE] A beachfront property on the Gold Coast sold at the weekend for A 55.5 million (555.51 million) less than what was offered for it six months ago. The 963 square metre property on Main Beach Parade, just north of Surfers Paradise,
      ■ Bernama  -  240 words
    • Article
      Lock icon New York office vacancies may rise to 12% by 2011
      488 27 Bloomberg [NEW YORK] Manhattan office vacancies may rise to 12 per cent within 24 months, SL Green Realty Corp chief executive Marc Holliday said on Tuesday. SL Green, New York's biggest office landlord with 23.2 million square feet of space,
      – Bloomberg  -  488 words
    • Article
      Lock icon Real estate slide expected to worsen
      254 27 Bloomberg [NEW YORK] Boston Properties Inc chairman Mortimer Zuckerman said that the US commercial real estate decline is likely to get worse this year as the credit crisis continues. "We are still in a downdraft of a very, very serious credit crunch," Mr Zuckerman
      – Bloomberg  -  254 words
    • Article
      Lock icon Rush for URA approvals before window closed
      660 28  -  KALPANA RASHIWALA Developers sought provisional nod in Q4 2008 just prior to new rule on GFA By [SINGAPORE] All's quiet on the property front but developers secured a raft of approvals (provisional permission) for private residential projects from the Urban Redevelopment Authority in
      660 words
    • Article, Illustration
      Lock icon Koh Brothers wins $145m HDB contract
      341 28  -  UMA SHANKARI By [SINGAPORE] The Housing and Development Board (HDB) said yesterday that it has awarded a $144.6 million contract to build the first part of Punggol Waterway to Koh Brothers. The win brings the value of contracts Koh Brothers has on hand to
      341 words
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      21 26 Raffles Conversations 2008 EDITION 52 interviews by Business Times journalists thea^e it am rt^1 AcollectionfromTheßusinessTimes V VV, Availableatall leading bookstores c
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