The Business Times, 31 January 2009

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Microfilm: NL29640
Total Pages: 49
1 49 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 weekend THE BUSINESS TIMES JAN 31-FEB 1,2009 WWW.busineSStimeS.COm.Sg Ssl.oo AN SPH PUBLICATION MICA(P) 198/08/2008 www.businesstimes.com.sg
    15 words
  • Article, Illustration
    Lock icon Package for Singapore, by express delivery
    1121 1  -  Jamie Lee The story behind the nation's most extraordinary Budget and the team that crafted it By leejamie@sph.com.sg Singapore CLOSE to midnight before the Budget was announced, the team that crafted it, including Finance Minister Tharman Shanmugaratnam, tucked into steaming porridge, home-cooked by a
    YEN MENG JIIN  -  1,121 words
  • Article, Illustration
    Lock icon Business braces for 6 months of deepening gloom
    582 1  -  Chew Xiang By xchew@sph.com.sg Singapore BUSINESS expectations for the next half year fell dramatically across all sectors of the economy, the Department of Statistics and the Economic Development Board said yesterday. In the services sector, which had been expected to compensate for
    : Singapore Department of Statistics  -  582 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      118 1 W MOTORING THE RAFFLES CONVERSATION *"J^ J WEALTH T*% The greatest EVERY LIFE jffllidH Hedge funds fj HP MOTORING THE RAFFLES CONVERSATION "W WEALTH -vJ^t tSzZSZ^jK* The greatest EVERY LIFE mm^Wk Hedgefunds Defender L20 COUNTS 6,7 M Kftfll| still bleeding 30,31 THE JOB KNIFE Chartered axing 540 Chipmaker hit by
      118 words
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        45 2 KL COMP 884.45 1.29 NIKKEI 225 7,994.05 -257.19 HANG SENG 13,278.21 +123.78 SET 437.69 +2.69 JAKARTA 1,332.67 +8.02 MANILA 1,825.09 -35.60 KOSPI 1,162.11 -4.45 SHENZHEN B Closed MUMBAI IND 9,424.24 +187.96 11 nnam EDT Changp 11.00am EDT Change DOW 8,065.94 -83.07 NASDAQ 1,492.98 -14.86
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      • Article
        Lock icon PRIME RATES
        29 2 Bloomberg SINGAPORE 5,38 MALAYSIA 6,40 HONG KONG 5,00 INDONESIA 16,560 TAIWAN 6,316 JAPAN 1,475 KOREA 9,33 BRITAIN ]50 US 3,25 CANADA 3,00 SWITZERLAND 0,52 INDIA 13,00 Source
        Bloomberg  -  29 words
      • Article
        Lock icon FOREX
        42 2 us$ 'S$ >er US$; 1.508 'US: 1.423 2.146 EURO. ;US$; IS$, 1.290 1.945 YEN 89.50 59.30 RM 3.608 2.393 HK$ 7.756 5.144 BAHT 34.92 23.16 RUPIAH 11,375 7,544 RENMINBI 6.840 4.536 INDIAN RUPEE 48.99 32.49 A$ 1.549 1.027 NZ$ 1.954 1.296
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    • Article
      Lock icon Singapore's job market shrinks
      814 2  -  Lee U-Wen Overall unemployment rate averaged 2.3 per cent last year, up from 2.1 per cent in 2007 By leeuwen@sph.com.sg Singapore NEW figures released by the government yesterday underscore how bleak the job market is. The overall unemployment rate averaged 2.3 per cent last year, up
      814 words
    • Article
      Lock icon Chartered axing 540 jobs in Singapore
      774 3  -  Ong Boon Kiat The cutback will span 'all job functions' but largely involves manufacturing positions By boonkiat@sph.com.sg Singapore FALLING demand and a deteriorating global economy has forced Chartered Semiconductor Manufacturing into axing around 600 jobs, of which 90 per cent or around 540 jobs
      774 words
    • Article, Illustration
      Lock icon Japan's industrial output tumbles 9.6 per cent
      557 4  -  Anthony Rowley Unemployment climbs to 4.4 per cent; no end in sight to downward spiral, say officials By btworld@sph.com.sg Tokyo JAPAN'S industrial output crashed a record 9.6 per cent in December from November, while unemployment surged from 3.9 per cent to 4.4 per
      AP  -  557 words
    • Article
      Lock icon Downturn intensifies with Q4 GDP shrinking 3.8 per cent
      695 4 AP, Bloomberg, Reuters LATEST US DATA The figure is likely to be revised even lower in the months ahead Washington THE US economy shrank the most since 1982 in the fourth quarter as consumer spending recorded the worst slide in the
      AP, Bloomberg, Reuters  -  695 words
    • Article
      Lock icon Fears rise over how US will foot the bill
      809 5 AP STIMULUS SPENDING WEF summit participants worry that the rescue package could drive up inflation and interest rates around the world Davos, Switzerland EVEN as the US Congress looks for ways to expand President Barack Obama's US$Bl9 billion stimulus package, the
      AP  -  809 words
    • Article, Illustration
      Lock icon US backs away from Geithner's attacks on the yuan
      516 5 Bloomberg, AFP But Biden says China must play by the rules Washington US Vice-President Joe Biden said the United States has not decided whether it will formally label China as a country that manipulates its currency, as the Obama administration backed
      Bloomberg, AFP; AP  -  516 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Lock icon Page 2 Miscellaneous Column 1
      53 2 NEWS LIVING Top stories 2-5 Dining L 2-6 Raffles Conversation 6-7 Entertaining L 7 Letter From Abroad 18 Travel LB-9 World T9-22 Shopping LlO-T2 Stocks stats 23-27 Home Garden LT3 Perspective 28-29 Gadgets Ll4 Wealth 30-36 Health Ll5 Wealth Insights 32 Sport LI 6 Househunt 35 Golf LT7 Real Estate
      53 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Every life counts
      2337 6  -  Anna Teo It's an exciting business, says Arnaud Vaissie, co-founder and chairman/CEO of International SOS, the world's leading crisis response company By LIKE most people, Arnaud Vaissie wants peace on earth. But it's in times of crisis or catastrophe that his company, International SOS, gets to show
      YEN MENG JIIN  -  2,337 words
    • Article
      Lock icon Raffles
      76 6 Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. A collection of luxury hotels, Raffles Hotels and Resorts distinguishes itself through the highest standards of hospitality, service and cuisine. Its hotels in Singapore, Beijing, Cambodia, Beverly Hills, Dubai and the Caribbean
      76 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK Jan 26-30, 2009
      • Article
        Lock icon A teetering Wall St awaits an Obama rescue
        84 7 IT appears that fourth-quarter earnings will continue to be poor while first-quarter outlooks from Corporate America are grim. Normally, this would suggest that the bad results that have dogged US stocks for the past two weeks will continue. But with newly installed
        84 words
      • Article
        Lock icon Tokyo to pump billions into firms via back door
        83 7 IN AN effort to avert what is threatening to become an avalanche of corporate failures and job losses in Japan as exports collapse, the government is planning to pump billions of dollars of funds into non-fi-nancial companies via a backdoor route,
        83 words
      • Article
        Lock icon Help for cash-strapped homebuyers
        97 7 SOME Singapore developers are considering granting payment extensions to their home buyers if they face difficulty paying up when the projects get Temporary Occupation Permit (TOP). Buyers on the deferred payment scheme will have to pay up the chunk of the purchase price then. Developers may
        97 words
      • Article
        Lock icon Govt to assess Budget impact before looking at other steps
        93 7 THE government will assess global developments and the impact of last week's Budget before considering further measures, says Prime Minister Lee Hsien Loong. When asked whether the government will consider off-Budget measures, he said that it will first see how
        93 words
      • Article
        Lock icon Downturn demand makes Big 4 audit firms hire more
        71 7 BAD times in the corporate world translate to even busier times for accountants. As the downturn throws up more distressed companies, there is greater demand for restructuring and risk management advisory. Incidents of possible fraud will call for more forensic investigations.
        71 words
      • Article
        Lock icon SIA to cut back on half-empty flights
        43 7 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.
        43 words
      • Article
        Lock icon Advanced economies to shrink this year
        68 7 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 warned. At the same time, growth in emerging markets will slump to 3.25 per cent or around half
        68 words
      • Article
        Lock icon Global financial tsunami may claim 51m jobs in 2009
        82 7 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. Even in the ILO's most
        82 words
      • Article
        Lock icon Round 1 to Obama amid glaring divide
        73 7 WITHOUT a single Republican vote, US President Barack Obama won House approval on Wednesday for an US$Bl9 billion economic recovery plan as congressional Democrats sought to temper their own differences over the enormous package of tax cuts and spending. But the size and
        73 words
    • Article, Illustration
      Lock icon ASSESSING THE SITUATION
      31 7 PM Lee says the government will see how things develop in the US and Europe over the next six to nine months before considering off-Budget measures. FILE PHOTO
      FILE PHOTO  -  31 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 1
      194 7 CRYPTIC CROSSWORD across j h h h;, HHi BHe Canadian port (7,3) 10 Burning wood in one (2,4) B__BB__BB__^H__BB__BB__BB__BH team's leader is h-a //-in n^ I Graeme's poorly, no cood f4^ i I I 22 Gold found under an 23 Flying to Barra, husband yesterday's solution (6) 111 S a'>
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    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 2
      99 7 NEXT WEEK Feb 2-6, 2009 US DATA Feb 2 Dec personal income/spending Dec construction spending Jan ISM Index Feb 4 Jan ADP employment change Jan ISM services Feb 5 Q4 productivity Dec factory orders Feb 6 Jan unemployment rate Jan average workweek/hourly earnings Jan non-farm payrolls EVENTS Feb 3 Interest
      99 words
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Great time to re-strategise
      1217 8 Trying to be all things to all people is a big no-no. Knowing the unique differentiator of your company is key I FROM THE I DESK OF Benjamin Low Managing director, Asia South Secure Computing (now part of McAfee Network Security Business Unit) IN today's challenging
      1,217 words
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  • COMPANIES
    • Article
      Lock icon Market value creeps up in January
      1148 9  -  Lynette Khoo Analysts note that the market could still give up these gains in the months ahead when it gets greeted with shaky corporate earnings By lynkhoo@sph.com.sg Singapore IF THE adage "as January goes, so goes the rest of the year" holds true, market
      1,148 words
    • Article
      Lock icon Contract amount not at stake: Keppel
      250 9 DESPITE an adverse market reaction where Keppel Corp shares lost five cents to close at $4.05 yesterday, analysts are not unduly worried about the state of the latest contract difficulties between its US unit Keppel AmFels and its client Rowan Companies, mainly because of
      250 words
    • Article, Illustration
      Lock icon DBS lagging in frontline honchos
      824 10  -  Siow Li Sen COMMENTARY In dynamic organisations, getting the balance right is what makes for sustainable growth lisen@sph.com.sg Senior correspondent RICHARD Stanley's sudden illness has once again thrown the spotlight on the senior management of DBS Group Holdings, which has just regained its position of
      BLOOMBERG; REUTERS  -  824 words
    • Article, Illustration
      Lock icon Four weeks into 2009, and nothing's changed
      932 11  -  R Sivanithy STOCKS Age-old adages of 'buy in anticipation, sell on news' and 'selling into strength' still remain key to surviving the markets Obama's rescue Bill was presented to the House of Representatives, then collapsed when it was actually passed by the House.
      932 words
    • Article
      Lock icon Noble, Indika eye stake in Straits Asia Resources
      246 11 Reuters Hong Kong/Perth COMMODITIES firm Noble Group and Indonesian coal miner PT Indika Energy Tbk are among the companies pursuing a bid for Straits Asia Resources, according to sources familiar with the matter, in a deal that could be worth more than
      Reuters  -  246 words
    • Article
      Lock icon Chola DBS to get $45m injection
      311 11  -  Siow Li Sen By lisen@sph.com.sg Singapore DBS Bank will be injecting Rs 150 crores or Ss4s million into Indian associate Cholamandalam DBS Finance Limited. In a late filing yesterday, DBS said its 37.5 per cent owned Chola DBS requires recapitalisation of Rs 300 crores
      311 words
    • Article, Illustration
      Lock icon Moody's cuts Ascendas Reit rating to Baal
      423 12  -  Kalpana Rashiwala UNDER PRESSURE Downgrade reflects Reit's refinancing risk and the challenging state of the operating environment By kalpana@sph.com.sg Singapore MOODY'S Investors Service has downgraded Ascendas Real Estate Investment Trust's corporate family rating from A3 to Baal as the industrial property trust has
      FILE PHOTO  -  423 words
    • Article
      Lock icon Prudent CDLHT retaining $4m
      463 12  -  Uma Shankari By shankari@sph.com.sg Singapore CDL Hospitality Trusts (CDLHT) said yesterday that it plans to retain about $4 million of its se-cond-half 2008 distributable income, citing "financial prudence", as its revenue per available room (RevPAR) dipped in Q4. The trust will distribute 90 per cent of
      463 words
    • Article
      Lock icon Starhill Global to pass on tax rebates to tenants
      420 12  -  Emilyn Yap By emilyny@sph.com.sg Singapore STARHILL Global Reit, which owns Wisma Atria and Ngee Ann City in Singapore, is among the latest in the list of landlords to pass on property tax rebates from the Budget to its tenants. The news
      420 words
    • Article, Illustration
      Lock icon SingPost profit dips 0.5% to $36.6m in Q3
      393 13  -  Nisha Ramchandani Revenue up a marginal 1.6% amid slowdown in business activities By nishar@sph.com.sg Singapore SINGAPORE Post (SingPost) registered a net profit of $36.58 million, down 0.5 per cent year-on-year, for the third quarter ended Dec 31, 2008. Revenue rose marginally by
      FILE PHOTO  -  393 words
    • Business briefing
      • Article
        Lock icon APB to delay sale of stake in Chinese brewery
        85 13 Reuters ASIA Pacific Breweries, which is partly owned by Heineken, said yesterday that it will delay the sale of its stake in a Chinese brewery. "Both parties are currently in discussion with a view to finalising new agreements," the company said
        Reuters  -  85 words
      • Article
        Lock icon GK Goh warns of 2008 losses due to impairment write-downs
        151 13 GK Goh Holdings warned yesterday that its financial results for Q4 2008 and FY 2008 will be affected significantly by impairment write-downs relating to long-term investments. It said its long-term investments are regularly marked to their respective fair values, and
        151 words
      • Article
        Lock icon AVJennings expects interim loss of A$10m
        126 13 RESIDENTIAL property developer AVJennings said yesterday it expects to report an after-tax loss of Aslo million ($9.6 million) for its half-year ended Dec 31, 2008. This compares with an after-tax profit of As6.l million in the previous corresponding period. AVJennings acting chief executive Peter
        126 words
      • Article
        Lock icon Jadason chairman to take medical leave for 3 months
        58 13 JADASON Enterprises yesterday said that its group chairman Sung Poon Chung is ill and will take medical leave for three months. CEO Fung Chi Wai will assume the responsibilities of chairman in Mr Sung's absence. Mr Fung will continue to be
        58 words
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  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      75 13 The famous "A Room Within A Room" concept originally designed by Eero Aarnio in 1996 m Chic retro design A with white exterior A red interior cushioned M wall that is B upholstered in fabric Durable stylish V II fiberglass shell Swivels 360 degrees Removable interior cushions for easy cleaning
      75 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon Bank lending slides further in December
      880 14  -  Conrad Tan For SMEs like fashion retailer bYSI, hope lies in new government loan schemes which take effect on Feb 1 By conradt@sph.com.sg BANK lending fell for a second straight month in December as loans to businesses continued to shrink and more companies folded,
      FILE PHOTO  -  880 words
    • Article
      Lock icon Allen and Gledhill partner takes over helm of MPA
      455 14  -  Vincent Wee By vincewee@sph.com.sg THE Maritime and Port Authority (MPA) will see a leadership change with Allen and Gledhill managing partner Lucien Wong taking over as chairman from Peter Ong from Feb 2. Mr Ong has served as chairman since February
      455 words
    • Article, Illustration
      Lock icon SIM students to get vacation stints overseas
      582 15  -  Lee U-Wen They will get to spend anywhere from 3-6 weeks to do projects, have short internships, visit firms and attend lectures By leeuwen@sph.com.sg IN a few months' time, students at the Singapore Institute of Management (SIM) will get the chance to spend
      582 words
    • Article
      Lock icon SIA takes delivery of 77th Boeing 777
      215 15 IF 7 is a lucky number, Singapore Airlines (SIA) could be in for a bountiful year. The airline took delivery of its 77th Boeing 8777 aircraft yesterday. With the latest delivery, SIA has 19 8777-300ERs out of a fleet of 91 Boeing planes.
      215 words
    • Article
      Lock icon Emirates starting daytime flights to Dubai
      217 15 EMIRATES is starting a daily Singapore-Dubai daylight service on Feb 2. Flight EK433 will leave Singapore at 9.40am and arrive in Dubai by lpm local time in time for speedy afternoon connections to Europe. The service replaces the existing 2.50am flight from Singapore, which
      217 words
    • Article
      Lock icon Hotel room rates up 30% y-o-y: survey
      372 16  -  Nisha Ramchandani The Asia-Pacific as a whole posted strong growth of 24%, helped in part by the weaker British pound By nishar@sph.com.sg WHILE the second half of last year proved to be challenging for Singapore's tourism industry, hotel room rates still grew 30
      372 words
    • Article
      Lock icon EDB board gets two new members
      135 16  -  Jessica Yeo By yeojess@sph.com.sg THE Economic Development Board (EDB) will have two new board members from tomorrow, Febl. They are Francois Guibert, corporate vice-president and chief executive Asia-Pacific at ST Microelectronics, and lain John Lo, vice-president for new business development and ventures at Shell
      135 words
    • Article
      Lock icon Crime rate falls in 2008
      248 16 SINGAPORE'S overall crime rate fell from 715 to 670 per 100,000 people in 2008, police figures show. Crime fell in five of six categories violent property crimes, housebreaking and related crimes, theft and related crimes, commercial crimes and miscellaneous crimes. But crimes against persons in
      248 words
    • Article, Illustration
      Lock icon Citibank fights recession with help from its corporate clients
      464 16  -  Arthur Lee By arthurl@sph.com.sg ATTEND a Chinese New Year party, book a new car and save up to $40,000. Citi partnered Cycle Carriage to offer guests, at a dinner last night for commercial banking clients, the opportunity to buy selected Mercedes-Benz
      ARTHUR LEE  -  464 words
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  • LETTER FROM ABROAD WITH ASCOTT
    • Letter, Illustration
      Lock icon Reality bites – it's time to move on
      644 17  - Reality bites it's time to move on Li Yingyi LETTER FROM MELBOURNE Graduate of Monash University We invite Singaporeans living overseas or posted abroad to write about life, culture and doing business where you are. Send your dispatch to btletter@sph.com.sg along with a photo of yourself, as well as any
      644 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      126 17 From the spacious exclusivity and refinement of Ascott to the pampering 'i jft w touches for the family at Somerset, or the vibrancy of independent city-living ,/J^^!^*"'' SjL at Citadines, there is an Ascott International serviced residence designed to .^jjjS make you feel at home. Because life is about living.
      126 words
    • Advertisement
      Lock icon Page 17 Advertisements Column 2
      15 17 THE ASCOTT GROUP A Member of Capita Land This series is brought toyou by TheAscottGroup
      15 words
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  • WORLD
    • Article, Illustration
      Lock icon NEC widens loss, plans to cut 20,000 jobs
      586 18 AP Retrenchment is biggest announced by an Asian company so far in the global crisis Tokyo JAPANESE electronics giant NEC will cut 20,000 workers worldwide as it tries to stanch widening losses from semiconductors and other businesses that have been hard hit
      AP  -  586 words
    • Article, Illustration
      Lock icon Indian economy headed for slowdown
      490 18 Bloomberg, Reuters New Delhi INDIA maintained its economic growth rate at 9 per cent in 2007/08 but its fiscal deficit during April to December jumped to U5544.5 billion as the cash-strapped government stepped up spending to stimulate a slowing economy. The Central Statistics Office makes
      Bloomberg, Reuters; AFP  -  490 words
    • Article
      Lock icon Obama's ties with China off to rocky start
      786 19 AP NEWS ANALYSIS 'Buy American' provision and criticism of yuan policies have added to a growing strain between the two countries Washington CHINA recently surpassed Japan as the US government's largest creditor. Any decision in Beijing to move its money would deal
      AP  -  786 words
    • Article
      Lock icon Spice Group relishes Satyam stake
      175 19 Reuters New Delhi INDIA'S Spice Group is ready to invest about 20 billion rupees (Ss6l6 million) in Satyam Computer Services and wants to buy a 51 per cent stake in the fraud-scarred outsourcer, Spice chairman BK Modi said. "That is our desire," Mr Modi told
      Reuters  -  175 words
    • Article
      Lock icon Don't push banks to hoard capital
      414 20 Bloomberg, AFP WORLD ECONOMIC FORUM Market demanding higher capital requirements than ECB considers appropriate: Trichet Davos EUROPEAN Central Bank president urged financial markets not to bully banks into hoarding capital that could be used for reviving lending and economic growth. Speaking at the World
      Bloomberg, AFP  -  414 words
    • Article
      Lock icon Opec may further cut oil supply
      222 20 Reuters Davos THE Organization of the Petroleum Exporting Countries (Opec) will cut oil output further at its meeting in March if needed to balance the market, the group's secretary-general told Reuters at the World Economic Forum yesterday. The comments are a strong indication that
      Reuters  -  222 words
    • Article, Illustration
      Lock icon Williamses win Australian Open women's doubles
      239 20 Bloomberg Melbourne VENUS and Serena Williams defeated Daniela Hantuchova and Ai Sugiyama at the Australian Open to secure their eighth Grand Slam doubles tennis title. The lOth-seeded American sisters, last year's Olympic champions, won 6-3, 6-3 over the ninth seeds to record their third
      Bloomberg; AP  -  239 words
    • Briefing
      • Article
        Lock icon Norinchukin Bank to up capital by 2 trillion yen
        117 20 Reuters New York NORINCHUKIN Bank, the unlisted central bank for Japan's agricultural and fishery cooperatives, plans to increase its capital by as much as 2 trillion yen (5533.75 billion) to make up for huge losses on investments, the Nikkei financial daily
        Reuters  -  117 words
      • Article
        Lock icon US senators introduce hedge fund bill
        130 20 Reuters Washington TWO US senators introduced legislation on Thursday that would require hedge funds to register with the US Securities and Exchange Commission. The bill "would clarify current law to remove any doubt that the Securities and Exchange Commission has the authority to require
        Reuters  -  130 words
      • Article
        Lock icon Madoff's trustee to get US$535m from 2 banks
        79 20 Bloomberg New York BANK of New York Mellon Corp and JPMorgan Chase Co agreed to transfer about US$535 million in the accounts of collapsed trading firm Bernard L Madoff Investment Securities LLC to Irving Picard, the trustee liquidating the brokerage. Bank of
        Bloomberg  -  79 words
    • Article, Illustration
      Lock icon Obama hits out at 'shameful' Wall St bonuses
      713 21 Bloomberg, AP, NYT He may slap pay limits and management restrictions as the price for companies seeking more government aid Washington PRESIDENT Barack Obama's attack on "shameful" Wall Street bonuses may lead to new pay limits and management restrictions as the price
      Bloomberg, AP, NYT; REUTERS  -  713 words
    • Article
      Lock icon Sandy Weill to end contract with Citi
      350 21 AP New York SANFORD "Sandy" Weill, the man who created Citigroup a decade ago, will be officially off the embattled bank's payroll in April. After serving as Citigroup's chairman until 2005, Mr Weill entered into a 10-year consulting contract with the bank worth
      AP  -  350 words
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  • Page 19 Advertisements
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      Lock icon Page 19 Advertisements Column 1
      90 19 ■I WtWtS J^r V Get your copy from any Spinelli outlet at $5.50 and get a *<^ complimentary ti jA Spin or Latto! PvhvE ah PLAN YOUR NEXT STEP Is it time to take risk or seek safety? What is the key to success? What is the difference between the
      90 words
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  • SGX
    • Article
      Lock icon Transaction date: Jan 30
      8590 22 52 ligh ;z-wks Tel Low Code Company Last Sale Vol Day Last Quote C000) High Low Buyer Seller Div GrYld C'vr Net P/E M Cap $mil I 2.5 JO IQ.5 9 0 !6 19 _8 38 6 2 _5 !1 _3 !8 4.5 I !4 8.5
      8,590 words
    • Article
      Lock icon SGX CATALIST
      1541 25 SZ-wks Tel High Low Code Company Last Sale Vol ('000) Day High Low Last Quote Buyer Seller Div C'vr GrYld Net P/E M Cap Smil !0 5 1181 s AAGrp \2 16 8538 s APStrategic i 1 1501 s Advanced System 7 2 3480 t Adventus !8 12
      1,541 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      69 25 Up Down Unch 4 4 6 Up Down Unch 0 0 C Up Down Unch lulti Ind lanui facturin; 38 36 46 39 38 52 ;tor/ 13 10 14 10 semes iotiT 3 17 1 13 4 18 4 23 1 17 4 27 Services mcu\ :ure
      69 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      200 25 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
      200 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      803 25 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jan 26 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per Shr$ Before ('000) After (TOO) itock \sia-Pac Strategic "hina Lifestyle \sia-Pac Strategic ST Engg Fat Hong Hldgs rat Hong Hldgs Fat Hong Hldgs Ussia
      803 words
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  • STOCK MARKETS
    • Article, Illustration
      Lock icon Straits Times Index
      20 26 Source YTD change: -0.86% 52-week high: 3,269.88 on May 5,2008 52-week low: 1,473.77 on Oct 28,2008 Bloomberg
      Bloomberg  -  20 words
    • Article, Illustration
      Lock icon Hang Seng Index
      19 26 Source: YTD change:-7.71% 52-week high: 26,387.30 on May 5,2008 52-week low: 10,676.20 on Oct 27,2008 Bloomberg
      Bloomberg  -  19 words
    • Article, Illustration
      Lock icon Dow Jones Industrial Average
      25 26 Source YTD change:-7.15% 52-week high: 13,136.60 on May 19,2008 52-week low: 7,449.38 on Nov 21,2008 (Chart shows Thursday's index closing) Bloomberg
      Bloomberg  -  25 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
      364 26 Jan 29 dy yr dy yr dy yr Index Change Change Change Change Change Change World Index Preliminai 644.9 -1.4 -43.0 -1.2 -43.1 -1.7 -45.6 EAFE Preliminai 615.5 -0.9 -45.1 -1.0 -47.1 -1.4 -49.4 Euroi Preliminai 860.5 -2.3 -44.2 -2.5 -51.0 -2.9 -53.1 Pacific 515.2
      364 words
    • Article, Illustration
      Lock icon Shanghai Stock Exchange Composite
      26 26 Source: YTD change:+9.33% 52-week high: 4,806.89 on Jan 25,2008 52-week low: 1,664.92 on Oct 28,2008 (Chart shows Jan 23's index closing) Bloomberg
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    • Article, Illustration
      Lock icon Nikkei 225
      18 26 Source: YTD change:-9.77% 52-week high: 14,601.20 on June 6,2008 52-week low: 6,994.90 on Oct 28,2008 Bloomberg
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    • Article
      Lock icon LIFFE
      62 26 Jan 29|| IOCOA (£/tonne) Close Prev Hi, ILow >terO9 2023 2022 2045/2009 >teyO9 2002 1999 2023/1990 lul 09 1992 1986 2004/1979 5epO9 1977 1971 1985/1964 COFFEE (US$/tonne) Close Pev High/Low Ian 09 2050 2145 2240/2000 SUGAR (US tonne) White Close Prev High/Low 1arO9 368.7 371.5 372.3/367.3 lay 09 366.3
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    • Article
      Lock icon CHICAGO BOT
      102 26 Jan 29\ iNS(! (5,000 bu min; USi /60 Ib bushels; Close i Previous High/Low darO9 970.50 982.50 984.75 965.2! day 09 977.75 990.00 991.25 973.01 lul 09 985.00 997.50 998.25 980.51 \ugO9 980.00 991.00 984.50 979.01 SOYBEAN/OIL (60,000 lbs; usq/lb) Close Previous High/Low now darO9 32.37 32.91 32.91
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    • Article
      Lock icon OIL
      76 26 Jan 29|| CRUDE USS/barrel (FOB origin) Close Change Brent blend (1-Mth F) WTI (Near Mth) Dubai (1-Mth F) Tapis blend Minas 44.79 0.63 41.72 -0.36 43.45 0.28 47.60 0.20 44.25 0.20 PRODUCT USS/barrel (FOB Spore) Close Change ■re) Naphtha Jet Kerosene 45.77 58.00 1.22 1.40 USS/barrel Opec Oil Basket
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    • Article
      Lock icon METALS
      73 26 Jan 3p| GOLD ;us$/oz; Jan 30 Jan 29 Hong Kong 916.70 876.80 917.70 877.80 Jan 29 Jan 27 London 897.45 899.05 899.05 901.05 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 18.49 18.25 Source: UOB PLATINUM Lon (US$/oz) Jan 29 Close Previous PM Fix 953.00 956.00 AM Fix
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      147 26 Jan 30^ :urrencies Bid >$/US$ to one unit of foreign currency: Australian dollar 0.9727 Offer Bid Offer 0.9743 0.6454 0.6459 :anadian dollar 1.2293 1.2306 0.8157 0.8159 iuro 1.9434 1.9457 1.2895 1.2899 IZ dollar 0.7712 0.7723 0.5117 0.5120 jterlini 2.1448 2.1471 1.4231 1.4234 IS dollar 1.5071 1.5084 >$/US$
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    • Article
      Lock icon PALM OIL
      58 26 Jan 3p| lelivery fonth Opening Range Sett Price Av Price Law Vol Done Open Positioi Hi, :eb09 1751 Aji-09 1735 \prO9 1745 .lay 09 1721 Total o/p: ***** contracts 1780 1790 1744 1768 1789 1725 1779 1787 1720 1780 1784 1718 Turnover: ***** lots Market tone:Higher 118 3950
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    • Article
      Lock icon LONDON METALS
      70 26 Jan 2Si| Uumlnlum, 99.7% mrity (US$/tonne) Close Previous :ash months 1332.75 1366.00 1331.75 unch lopper, Grade A :us$; "onne) lash J months 3193.50 3230.00 3293.00 3330.00 ■ead (US$; "onne* :ash 1 months 1136.00 1140.00 1141.50 1145.00 lid /tonne; lose ■revious :ash months •in (US$/tonne; *****.00 *****.00 *****.01 *****.01
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Sorry, Bunty doesn't live here anymore
      1124 27  -  Anand Giridharadas IHT In India, a shift to meritocracy is snuffing out 'old boys' networks, uprooting elite descendants from 'Raj' times By HMYGodIAk--4^ f shay is your cousin? He and I went to Cathedral together. What M a small world it is!" It happens
      IHT; AP  -  1,124 words
    • Article
      Lock icon Playing the blame game
      441 27  -  John Foley BREAKINGVIEWS.COM US and China should both acknowledge their mistakes By A WAR of words is flaring up between China and the US that could leave both sides looking like losers. Tim Geithner, the new US Treasury secretary, accused China last week of manipulating its
      441 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon Hedge funds still bleeding
        1078 28  -  Genevieve Cua Dearth of positive returns could further dampen wealthy individuals' appetite for hedge funds, triggering massive redemptions. By m EDGE fund strategies are expected to continue to post negative returns this year, even as managers hunker down with reduced leverage and mull new fee structures
        1,078 words
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        Lock icon BROKERS' TAKE
        767 28  -  Lynette Khoo Parkway Life Reit Outperform CIMB-GK, Jan 30 close: $0.79 IN line: Q4OB distribution per unit (DPU) of 1.84 cents and FYOB DPU of 6.83 cents were in line with street and our expectations. Full-year gross revenue of $53.9 million was up 218.9 per cent y-o-y (only
        767 words
      • Article, Illustration
        Lock icon How best to weather the storm
        1270 29  -  Christopher Tan WEALTH INSIGHTS Don't be naively optimistic or sadly pessimistic. Put in place a system to prepare for the worst, but keeping faith that the crisis will pass CEO, Providend IT'S a bright sunny day. You're walking through the jungle and on your
        REUTERS  -  1,270 words
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        Lock icon Path to a million-dollar portfolio
        1138 30  -  Rick Levinson With their new investment book, Motley Fool founders hope to teach and train people to be more patient and through that patience get their own million-dollar portfolio By AVID and Tom Gardner, co-found-ers of the Motley Fool, the investment and finan-cial-advice website, have
        STOCK.XCHNG  -  1,138 words
      • Article, Illustration
        Lock icon Markets forming base for a rally?
        1496 31 'Bloomberg Bond sales by companies around the world rise 12 per cent in January while stock indexes also rebound from their lowest levels in the month New York CREDIT markets are creaking back to life, restoring confidence to stock investors burned by the worst
        'Bloomberg; AFP  -  1,496 words
    • WEALTH REAL ESTATE
      • Article, Illustration
        Lock icon Reits forge ahead
        920 33  -  Uma Shankari Most Q4 earnings met analysts' forecasts. Earnings for this year expected to be stable LL but one of the real estate investment trusts (reits) listed in Singapore had reportJ^^J^^k ed their quarterly earnings by yesterday and most met expectations. And looking forward, reits are set
        FILE PHOTO  -  920 words
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      631 32 PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) District 1 Sandalwood I Apt 09/01/2009 FH 990 730 737 NON-LANDED District 17 The Sail Marina Bay Apt 05/01/2009 99 1033 1078 1043 The
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  • BT Living
    • DINING
      • Article, Illustration
        Lock icon Seven up
        677 35  -  Geoffrey Eu chefs' special Singapore may have its fair share of well-known award-winning chefs, but probe a little further and you will find a good number of talented chefs working quietly under the radar, turning out quality and inventive cuisine to discerning diners in the know. In the
        677 words
      • Article, Illustration
        Lock icon Rare breed
        741 35  -  Jaime Ee How Poh Poh La Strada #02-11 Shaw Centre S 6737-2555 WHENEVER the topic of Italian restaurants comes up, there will invariably be a discussion of which Italian chef is coming to Singapore, how great a reputation he (very rarely a she) has, how many stars, how
        ALL PHOTOS BY YEN MENG JIIN  -  741 words
      • Article, Illustration
        Lock icon No short-cuts
        794 36  -  Jaime Ee Edwin Lau Uluru Aussie Bar Steakhouse 40 Duxton Hill *****-3654 THE name may conjure up images of the Australian outback, with men much less pretty than Hugh Jackman rolling up their sleeves and slapping hunks of beef on bonfires big enough to roast medium sized hobbits,
        PHOTOS BY ARTHUR LEE  -  794 words
      • Article, Illustration
        Lock icon Double duty
        671 36  -  Audrey Phoon Alvin Ng Pot N Pan Gastronomy/ Unwined Restaurant Bar Robertson Quay Hotel 15 Merbau Road S 6887-3120 CORIANDER-marinated salmon yu sheng shooters, pan-seared duck breast with butterscotch and pumpkin puree, and seafood marinara in a vodka rosso sauce are just some of the inventive recipes Alvin
        PHOTOS BY ARTHUR LEE  -  671 words
      • Article, Illustration
        Lock icon Mix and match
        638 36  -  Geoffrey Eu Gan Swee Lai Gordon Grill Goodwood Park Hotel 22 Scotts Road S 6737-7411 GIVEN the number of celebrity chefs who pass through his kitchen, Gan Swee Lai might be forgiven for being a little Miche-lin-star-struck. Compared to the likes of frequent guest chefs like Michel
        638 words
      • Article, Illustration
        Lock icon Loyal following
        621 37  -  Audrey Phoon Ben Teo Nara 167 Thomson Road Goldhill Centre *****-6568 DESTINATION restaurants such as Ferran Adria's El Bulli are what many chefs dream of, but Ben Teo has a more modest goal: to run a restaurant chain. The unassuming 40-year-old (who, when he's not using his hands
        621 words
      • Article, Illustration
        Lock icon Ready to shine
        692 37  -  Jaime Ee Paul Froggart Saint Pierre #01-01 Central Mall 3 Magazine Road *****-0887 WHEN Saint Pierre closes for a major overhaul after Valentine's Day and reopens the first week of April, one question will reverberate through the minds of diners who step through its new doors: Who
        692 words
    • ENTERTAINING
      • Article, Illustration
        Lock icon A matter of substance
        914 38  -  Audrey Phoon guest chef PHOTOS BY Taste is not the only issue when it comes to shaking up an auspicious dish likeyu sheng- symbolism has to be taken into account, too. By WHAT'S Chinese New Year without a lo hei session? Tossing yu sheng is a
        YEN MENG JIIN  -  914 words
    • TRAVEL
      • Article, Illustration
        Lock icon Nature's pride
        1257 39  -  Maisy Koh To be in Seychelles, where land and sea coexist so distinctly and harmoniously, is to be at one with nature. By m T IS understandable why the French and British fought a lengthy war over the control of Seychelles back in the 18th century. The archipelago
        1,257 words
    • SHOPPING
      • Article, Illustration
        Lock icon Culture shop!
        1283 40  -  Emilyn Ang Museum merchandising is here to stay, from exclusive lines in collaboration with top designers to handmade jewellery, it's all here and it's all for sale. By Meet William, Met museum's unofficial mascot, a blue ceramic statuette of an Egyptian hippopotamus dating from 1981 to 1885 BC
        METROPOLITAN MUSEUM OF ART; BANYAN TREE  -  1,283 words
      • Article, Illustration
        Lock icon Culturally cool purchases
        782 41  -  Emilyn Ang Walk away with a cool souvenir from magnificent museums, funky avant garde spaces and explorations with modern art. By THE four Museum Shops by Banyan Tree feature over 3,000 distinct products in the collection with over 270 museum replicas, collection-inspired merchandise, seasonal catalogues and prints.
        I JOHN ERDOS; BANYAN TREE  -  782 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon IN THE SPOTUGHT
        513 42  -  Cheah Ui-Hoon By IF you want a clear idea of a furniture brand's look and concept, you have to see its entire range, not just isolated pieces here and there. So thinks Bert Choong, chairman and group managing director of Nobel Design Holdings. That explains why the
        ARTHUR LEE  -  513 words
      • Article, Illustration
        Lock icon A minimalist approach
        303 42 MISURA Emme has been in the Italian market for over 60 years, venturing abroad only at the end of the 90s, explains its general sales manager Massimo Franchi, who was in town a few weeks ago to launch the brand's mono showroom here. Its foray into Asia
        303 words
    • GADGETS
      • Article, Illustration
        Lock icon A touching experience
        570 43  -  I I t—J Christopher Lim These mobile phone offerings tempt with their large displays whilp pa^ilv in your pocket. By iPhone 3G WHILE the Touch HD does support multi-touch, it isn't quite as intuitive as the iPhone. But for many people, the beautiful screen will more than
        570 words
    • HEALTH
      • Article, Illustration
        Lock icon How to bust that bunion
        933 44  -  Cheah Ui-Hoon my aching body head to toe Bunions are an indication that your feet are in the process of getting deformed. By ONE of the biggest myths about the feet is about the bunion. "You can have surgery to shave it the bone off,"
        933 words
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  • Page 44 Advertisements
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      99 44 At ParkwayHealth, we strongly believe that you are never too old or too young to improve your bone health. With healthy nutrition, physical activity as well as regular medical check-ups, you can have strong bones and live longer, healthier lives. We have customised an affordable Bone Health Screening Package to
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      Lock icon Page 44 Advertisements Column 2
      76 44 This is the last of a four-part series brought to you by S>4^ ParkwayHealth" 1 Tennis Conditions: i 1. This package is valid from 10 January to 31 March 2009. 2. This screening package is only available at: Island Orthopaedic Group clinics at East Shore, Gleneagles and Mount Elizabeth Medical
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  • SPORT
    • Article, Illustration
      Lock icon Men's lib, anyone?
      761 45  -  Lee U-Wen no holds barred leeuwen@sph.com.sg Correspondent HISTORY was made on the tennis professional circuit recently and it had nothing to do with anything on court. At a warm-up event a week before the Australian Open kicked off in Melbourne, the women competed for a larger share
      REUTERS  -  761 words
  • Page 45 Advertisements
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      836 45 Wine^ Cline with BTWeekend Pine Court Chinese Restaurant former right-hand man to the Michelin star Peach Blossoms Level 5, Veuve Clicquot Rose Champagne at Global Level 35, Orchard Wing twin chefs Jacques and Laurent Poucel is set Marina Mandarin Singapore Kitchen, romantic sky-dining options at Hai Meritus Mandarin Singapore t0
      836 words
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  • GOLF
    • Article, Illustration
      Lock icon Playing in the wind
      1011 46  -  Justine Moss The wind can be blamed for some ugly numbers on amateur score cards but golf pros advise against trying to fight it. By FOR a country where the average wind speed is about 15-20 kmh, Singapore has had its fair share of blustery weather
      REUTERS  -  1,011 words
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  • MOTORING
    • Article, Illustration
      Lock icon A PASSION FOR GAS WORK
      850 47  -  Samuel Ee Despite facing challenges to the use of CNG to power cars, William Aw is optimistic about the future. By WILLIAM Aw believes the biggest challenge to compressed natural gas (CNG) is not the scarcity of land to build refuelling stations or lack of
      ARTHUR LEE  -  850 words
    • Article, Illustration
      Lock icon The most classic 4x4
      292 48  -  Samuel Ee THE Land Rover Defender has to be the quintessential 4x4 vehicle. Designed in 1948 by Maurice Wilkes, this rugged and practical British vehicle has travelled across seven continents while being deployed for everything from agricultural to military purposes. Over the past 60 years, the
      292 words
    • Article, Illustration
      Lock icon driving notes
      369 48  -  Samuel Ec Extreme Bentley BENTLEY is titillating fans with a new model it says will be its fastest and most powerful production car ever. The unnamed supercar will be unveiled in March at the Geneva Motor Show. And oh, it will run on biofuel. From the photo released,
      369 words
    • Article, Illustration
      Lock icon The greatest Defender
      548 49  -  Samuel Ec A classic never goes out of fashion or demand. Land Rover built about 1,800 of the special edition Defender to celebrate its 60th anniversary and they were very quickly snapped up. By WHO woula want to buy something based on a 60-year-old automotive design at
      548 words
    • Article, Illustration
      Lock icon Soft top, hard edge
      416 49 IT is still possible to get your hands on a limited edition Land Rover Defender SVX, even if authorised distributor Vantage Automotive does not have any more in stock. Parallel importer VinCar has five short-wheelbase units two station wagons and three soft-tops. As you can imagine,
      416 words
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