The Business Times, 4 February 2009

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Total Pages: 28
1 28 The Business Times
  • 23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg mm A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Wednesday, February 4,2009
    23 words
  • 749 1  -  CHUANG PECK MING Suggestions on freeing up lending, corporate rescues and saving jobs By [SINGAPORE] While agreeing with the government's emphasis on cutting costs and saving jobs, the initial tone of the debate on the Budget Statement suggested that Members of Parliament were in favour
    749 words
  • 413 1  -  S JAYASANKARAN 10 more special draws quietly given go-ahead to boost govt revenues By in Kuala Lumpur LAST October, the government quietly awarded three Malaysian gaming companies 10 more special draws a year in a move to boost flagging government revenues ahead of a
    413 words
  • MARKETS DIGEST
    • 43 1 1COMP 879.67 -4.78 IIKKEI225 7,825.51 -48.47 1ANG SENG 12,776.89 -84.60 ;et index 430.69 +2.84 JAKARTA COM P 1,304.33 -6.31 IANILACOMP 1,826.13 -7.44 ;eoulcomp 1,163.20 +16.25 ;henzhen b 287.34 +2.66 IUMBAI IND 9,149.30 +82.60 11AM EST Change )OW 7,963.99 +27.16 IASDAQ 1,496.46 +2.03
      43 words
    • 28 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.07 HONGKONG 5.00 INDONESIA 16.619 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:
      Bloomberg  -  28 words
    • 43 1 IS$ (S$ per US$) 1.51 (US$/S$ per 1.424 2.15 ;URO (US$/S$/E) 1.286 1.94! Foreign currency per US$ 'EN 89.70 59.3I 3.620 2.39: IK$ 7.754 5.12' !AHT 34.95 23.1 lUPIAH 11,675 7,71 1ENMINBI 6.841 4.522 INDIAN RUPEE 48.78 32.2 1.567 1.031 1.978 1.301
      43 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 44 1 *TI P AUSTRALIA EXEC MONEY TRANSPORT HUB MOTORING As42b stimulus Volatility hits Strait Talk: Open Rising yen driving up M Hj^ package unveiled institutional portfolios season for seamen Korean car sales Ij ii&Jhmf PAGE 3 PAGE 28 PAGE 17 PAGE 19 PHOTO: YEN MENGJIIN
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  • TOP STORIES
    • 503 2  -  ANTHONY ROWLEY Purchases will last till 2010; only shares rated Triple B and above will be bought By in Tokyo THE Bank of Japan announced yesterday that it would buy up to one trillion yen (5516.9 billion) worth of shares held by Japanese
      503 words
    • 741 2  -  ANTHONY ROWLEY Shift towards greater domestic demand needed By in Tokyo ASIAN economies will have to undergo "huge change" as they shift from traditional export-led growth towards greater reliance on domestic demand, IMF managing director Dominique Strauss-Kahn suggested yesterday. China
      REUTERS  -  741 words
    • 311 2  -  JESSICA YEO Negative media publicity worries them; traditional media more credible By [SINGAPORE] Singapore executives are the world's most concerned about negative stories in the media, research by Weber Shandwick and the Economist Intelligence Unit shows. Some 97 per cent of the Singapore
      311 words
    • 225 2 [SINGAPORE] The manufacturing sector shrank for the fifth month running in January, according to the latest Purchasing Managers' Index (PMI) released yesterday by the Singapore Institute of Purchasing and Materials Management (SIPMM). The PMI reading was 45, up 0.2 points from December. Readings
      225 words
    • THREE-MINUTE DIGEST
      • 77 2 WHILE agreeing with the government's emphasis on cutting costs and saving jobs, the initial tone of the debate on the Budget Statement suggested that Members of Parliament were in favour of some fine-tuning. While virtually all MPs that spoke more than 20 of them agreed
        77 words
      • 78 2 IN October, the government quietly awarded three Malaysian gaming companies 10 more special draws a year in a move to boost flagging government revenues ahead of a painful economic slowdown that could cost thousands of jobs. Analysts estimate that Kuala Lumpur could rake in
        78 words
      • 91 2 THE Bank of Japan announced yesterday that it will buy up to one trillion yen (5516.9 billion) worth of shares held by Japanese banks on top of large amounts already being bought by the Japanese government as part of an official
        91 words
      • 73 2 SINGAPORE'S central bank says a US$3O billion swap deal with the United States Federal Reserve will be extended to Oct 30 this year six months later than when the scheme was announced last year. The swap facility was set up last October to
        73 words
      • 103 2 IN what analysts see as a defence of its low offer price for United Industrial Corp, UOL Group said yesterday that its bid price of $1.20 per share which values UIC at about $1.65 billion took into account the poor market
        103 words
      • 62 2 HOMEGROWN OKP Holdings, an infrastructure and civil engineering company, has bagged a second road-widening contract for the Central Expressway, this time worth about $119.3 million. OKP said that the latest design-and-build project will widen a stretch of about 2.7 km of the CTE from
        62 words
      • 85 2 MALAYSIA must review its race-based economic policies if it hopes to rein in political discontent and regain competitiveness, according to a top banker. Nazir Razak, the brother of incoming prime minister Najib Razak, said the New Economic Policy which favours the majority
        85 words
      • 67 2 CHINA is targeting a series of tax breaks and incentives in designated pilot cities to encourage its outsourcing industry, which still lags powerhouse India although it is growing rapidly. Giving a helping hand to outsourcing firms could also support Beijing's goals of maintaining employment,
        67 words
    • 474 3  -  LEE U-WEN Facility to provide US$ liquidity through central banks will continue until Oct 30 By [SINGAPORE] Singapore's central bank says a US$3O billion swap deal with the United States Federal Reserve will be extended to Oct 30 this year six months longer
      474 words
    • 413 3 Bloomberg, AFP [WASHINGTON] Eric Holder, a career federal prosecutor, judge and Washington lawyer, was sworn in yesterday as the US's first black attorney-general and has pledged to revitalise the Justice Department. Mr Holder, addressing cheering department employees prior to his swearing-in, said
      – Bloomberg, AFP; REUTERS  -  413 words
    • 531 3 -AP Central bank weighs in with cash rate cut to revive economy [CANBERRA] Australia's leader unveiled a new stimulus package yesterday to try to shield the economy from the global downturn, promising As 42 billion (Ss4o billion) in spending that will send the budget into
      -AP  -  531 words
  • Page 2 Advertisements
    • 410 2 g^NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF FERJIDSON PTE LTD (In Members' Voluntary Liquidation) Registration No. *****6360E NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at Sudirman Plaza-lndofood Tower 20 lh Floor Jin. Jend.
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  • Page 3 Advertisements
    • 319 3 B«fl OKP HOLDINGS LIMITED W^P ii ±m&mlw m wi $119.3 Million Another Milestone Achievement for OKP wlwifflllKn It 1 t> *$lir"w I d R^ w^S^Ste -^^^Ml^S OKP is proud to be part of the Land Transport Authority's construction of two new flyovers between BraddeLL Flyover and Our Businesses programme to
      319 words

  • COMPANY NEWS
    • 506 4  -  JAMIE LEE Analysts see explanation as defence of poor price offer By IN what analysts see as a defence of its low offer price for United Industrial Corp (UIC), UOL Group said yesterday that its bid price of $1.20 per share
      506 words
    • 570 4  -  ARTHUR SIM For 2009 it plans to focus on organic growth instead of adding assets By LIPPO-MAPLETREE Indonesia Retail Trust (LMIR Trust) has announced a distributable income of $3.2 million for the fourth quarter ended Dec 31, 2008, 79 per cent below its
      FILE PHOTO  -  570 words
    • 621 4  -  SIOW LI SEN LAST week, former British prime minister Tony Blair told a Davos audience to applaud HSBC chairman Stephen Green for daring to come out in daylight. Mr Green is understood to be one of a handful of bankers to
      621 words
    • 441 4 Reuters [HONG KONG] PCCW Ltd, Hong Kong's dominant telecoms carrier, said yesterday it has no knowledge of improper share transfers mentioned in media reports, removing a cloud hanging over a controversial US$2.2 billion privatisation bid and sending its shares more than 8 per
      Reuters; AFP  -  441 words
    • 547 5  -  KALPANA RASHIWALA Average price of low to mid-$6OO psf and interest absorption expected By DEVELOPERS of at least two residential projects will be testing the market with previews soon, offering interest absorption schemes that mimic the old Deferred Payment Scheme (DPS). First off the mark
      547 words
    • 744 5 [HONG KONG] Asian shares and investment grade bonds look very cheap on paper, but may not yet attract foreign investors, suggesting that there is more downside to markets before a solid recovery. The worst global crisis in a lifetime has shown up Asia's vulnerability
      AFP  -  744 words
    • 220 5  -  YEN SREENIVASAN By SINGAPORE Airlines (SIA) has cut fuel surcharges on short and medium-haul sectors for tickets issued from today. The cuts range from about 5 to 21 per cent and are the third since jet-fuel prices started falling in September last year. The reductions
      220 words
    • 449 5  -  WINSTON CHAI Device may make its Singapore debut by next weekend By AFTER its iPhone coup, Singapore Telecom appears to have clinched a similar exclusive deal for the first "Google phone". And the handset could send the hearts of gadget-crazed shoppers fluttering
      _J FILE PHOTO  -  449 words
    • 433 5  -  AL LABITA By in Manila WEAK market demand and foreign exchange losses dragged down last year's earnings of Singapore Telecom's listed Philippine unit Globe Telecom. In a report to the Philippine Stock Exchange yesterday, Globe said consolidated net income slumped 15 per
      433 words
    • 381 6  -  OH BOON PING The design-and-build project will widen 2.7 km of the CTE from PIE to Braddell By Homegrown OKP Holdings, an infrastructure and civil engineering company, has bagged a second road-wi-dening contract for the Central Expressway (CTE), this time worth about $119.3 million. OKP
      381 words
    • 342 6 SINGAPORE Technologies Engineering Ltd (STE), best known as a defence and engineering conglomerate, is setting up a professional education and training school to provide academic and professional education and training to private sector industries. The STET Centre is established under ST Education Training
      342 words
    • COMPANY BRIEFS
      • 78 6 UNION Steel Holdings said yesterday that it will record "significant losses" for the half year to Dec 31, 2008, due to impairment write-downs of share investment and inventories. The company said its quoted share investment had seen significant and prolonged decline in fair value
        78 words
      • 120 6 Bloomberg NEPTUNE Orient Lines (NOL), Nippon Yusen X X and five other container-shipping lines will suspend a joint Asia-to-Black Sea service indefinitely as the global recession damps world trade. The route, in operation since last June, has been served by eight ships each
        – Bloomberg  -  120 words
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      543 words
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  • SINGAPORE NEWS
    • 358 7  -  LYNETTE KHOO Inderjit Singh suggests it should cut GST by 2 points, help HDB dwellers By THERE is a strong case for the government to take on a more active or direct role in lending, said Member of Parliament and entrepreneur Inderjit
      358 words
    • 462 7  -  LYNETTE KHOO By THE government's proposal to draw on past reserves to fund two one-off measures in this year's Budget drew flak from Opposition Member of Parliament Low Thia Khiang, who questioned the effectiveness of these measures. He felt that the Jobs Credit scheme aimed
      462 words
    • 400 7  -  LYNETTE KHOO YESTERDAY IN PARLIAMENT By MP Inderjit Singh yesterday expressed some disappointment in the manner in which certain ministries appeared to have operated as if it was business as usual. Among others, he pointed to rent hikes
      400 words
    • 439 7  -  CHUANG PECK MING By SOME have called the government's new Jobs Credit scheme "innovative". And Lim Wee Kiak, a Member of Parliament for Sembawang GRC, also has an innovative way of looking at it. "The scheme put all Sin- gaporean and permanent resident employees
      439 words
    • 184 7 THE Marina Bay Sands (MBS) has appointed Nigel Roberts as the president of its integrated resort here. A hospitality veteran of 35 years, Mr Roberts will be responsible for opening MBS later this year and subsequently overseeing its various operational functions. Prior to joining MBS,
      184 words
    • 410 7  -  LEE U-WEN By DOES gender play a big part in determining a person's rise up the corporate ladder? And will a woman's decision to start a family affect her career down the road? The issue of women in management was
      410 words
    • 358 7  -  EMILYN YAP By SINGAPORE'S hotels enjoyed record room rates and room revenue in 2008, even though visitor numbers and tourism receipts fell short of targets. According to data yesterday from the Singapore Tourism Board (STB), the island welcomed 10.1
      FILE PHOTO  -  358 words
    • 279 7  -  JESSICA YEO By FREIGHT forwarder Air Market Express is venturing into a new market segment: pharmaceutical logistics. "People perceive the pie to be smaller, so we need to work harder and focus on niche sectors," said Air Market chairman and chief executive Nick Soon
      279 words

  • VIEWS FROM THE TOP
    • 1214 8 TOPIC: UNFREEZING CREDIT Have the banks been too cautious with their lending policies? With the government now taking a higher share of the risk on government loan schemes, are you confident that banks will increase lending? This is the second in a special series of 'Views
      1,214 words
  • Page 8 Advertisements
    • 274 8 "CC HERE'S your opportunity to come face to face with investment guru Dr. Marc Faber. Renowned for his contrarian IXI A I /\A*I IP 11IITI I f\n 111 W\f PA ff>m investment philosophies, the editor and publisher of the widely jIAI (Jml IF lAf IH jK IyIAKC FAdEK read The
      274 words

  • SINGAPORE MARKETS
    • 701 9  -  R SIVANITHY STOCKS AT some level, most brokers would have preferred the Chinese New Year holidays to have extended up to and including yesterday, such 1 was the absence of interest in stocks. Still, despite prices hardly budging throughout the day and the fact
      ■ FILE PHOTO  -  701 words
    • 94 9 Up Down Unch Up Down Unch Up Down Unch lulti Ind 4 11 1 0 0 0 4 11 1 lanufacturing 36 29 51 44 35 58 Commerce 15 15 19 18 'pt/Stor/Comms 15 10 15 10 :inance 21 21 Construction 'roperties 13 11 10 13 11
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    • 110 9 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 15,612 15,612 38,895 38,895 lanufacturini 125,276 11,668 136,944 86,986 495 87,482 Commerce 50,848 4,059 54,907 61,746 481 62,226 ■pt/Stor/Comms 57,415 40 57,455 111,801 111,802 :inance 24,878 24,878 164,221 164,221 Construction 16,286 367 16,653 581 587 ■roperties 50,763 50,763 75,536
      110 words
    • 104 9 lapitaLand 2.390 +0.010 lapitaMall 1.480 -0.030 jtyDev 5.510 losco Corp 0.785 +0.010 IBSGrp 8.550 +0.050 :&N 2.760 Sent Intl 0.415 iolden Agri 0.300 +0.010 IK Land 2.060 +0.030 IMH 19.920 -0.020 ISH 10.400 +0.100 lardineC&C 10.460 -0.160 leppel Corp 4.000 -0.050 leppel Land 1.380 -0.010 IOL
      104 words
    • 854 9  -  CONRAD TAN SIA Engineering Company Feb 3 close: 552.05 CIMB-GK Research, Feb 3 NET profit of Ss63 million (up 18 per cent y-o-y) for Q3 FY2009, the three months to end-December, was within market consensus and our own estimates. For the nine months to end-December, net profit of
      854 words
    • 414 9 Reuters CURRENCIES [LONDON] The euro was steady against the the dollar and the yen yesterday as the boost to sentiment from a Japanese stimulus plan and bet-ter-than-expected US data fizzled out, with investors remaining wary of taking on risk. Falls in the euro
      – Reuters; m REUTERS  -  414 words
    • 4 9 DAILY
      4 words
    • 62 9 Feb3 VALUE CLOSE IT OB/OS -455.00 -57.0C IT CADI -*****.00 -26.0' IT 10-day MA -*****.00 -46.0' TSE ST Mid Cap 349.07 -3.0: TSE ST Small Cap 283.02 -1.5. TSE ST All Share 410.48 +0.51 TSE ST China Top 182.74 +0.9' TSE ST China 177.70 +0.7' IOB Catalist
      62 words
    • 59 9 VOLUME Golden Agri 57,594,000 Noble Grp 33,689,000 Sing Tel 25,274,000 Epure 17,458,000 UniFiber 14,183,000 Capita Land 14,120,000 IndoAqri 14,072,000 DBS DBeCWO9O7I3 12,893,000 SembMar 12,667,000 Straits Asia 12,232,000 VALUE(S) Sing Tel 64,434,050 DBS Grp 50,050,398 UOB 48,853,265 Noble Grp 36,187,686 Capita Land 34,108,780 OCBC Bk 33,189,450 SGX 26,033,450
      59 words
    • 98 9 iBS Bk6% NCPS 10 CLOSE UP 9640 40.0 0.4 ;txpo ioo 1080 28.0 2. iBS 500 875 23.0 2. China H 10US$ 909 19.7 1. ISH 1040 15.1 1.' ilA 200 1110 10.0 0. India Ni 10 872 9.0 1.' ;gx 520 9.0 1.: IOB 1162 8.0 0. 'BL
      98 words
    • 113 9 CLOSE DOWN LD 10US$ 8858-160.3 -1.2 Daiwa FT Shariah Ja 619 -52.9 -5.4 .erebosPac 291 -34.0 -10.5 ICBC Bk4.5%NCPS 100 8250 -30.0 -0.4 ICBC Bk5.1%NCPS 100 9170 -20.0 -0.2 UOB 5.05%NCPS 100 9420 -20.0 -0.2 lardine C&C 1046 -16.0 -1.5 Pair irm 430 -9.1 -1.4 129 -9.0 -6.5 HLFin
      113 words
    • 86 9 Feb3 CLOSE CHNG FR Feb 2 YR 2008/2009 S$ LOW S$ HIGH USS 1.5138 0.03 1.5346 1.3457 Euro 1.9428 -0.57 2.2064 1.8640 Pounds 2.1528 0.20 2.8431 2.0512 AS 0.9649 -1.63 1.3251 0.9068 Yen* 1.6912 0.67 1.7278 1.2619 Rupiah* 0.***** 0.03 0.***** 0.***** Baht* 4.3313 -0.09 4.4299
      86 words

  • ECONOMY WATCH
    • 829 10 AFP, Bloomberg, AP They complain of insufficient tax cuts, vast infrastructure, social spending [WASHINGTON] Republican lawmakers have sought major changes in President Barack Obama's stimulus package as the Senate began debate on the measure on Monday. The US$BB5 biUion Senate economic plan also faces
      AFP, Bloomberg, AP; AFP  -  829 words
    • 524 10 Reuters Eleventh hour rules to protect investors seen slowing things [SEOUL] South Korea kick-starts an ambitious financial deregulation today, looking to overhaul its capital markets and boost the fund management market in a fast-ageing society. But analysts say that last-minute tightening
      Reuters  -  524 words
    • 533 10  -  JANE MOIR By in London A FAST-TRACK rescue process that enables British companies to shed debt and resume trading is drawing increasing fire as more firms sink into the red. The "pre-pack" system, under which a business can file for administration and buy
      533 words
    • 305 10 -neuters [WASHINGTON] President Barack Obama's ability to lead and help restore the global economy will be damaged if the United States includes restrictive "Buy American" provisions in its economic stimulus plan, Canadian and European Union officials said on Monday. "President Obama has a major
      -neuters  -  305 words
    • 551 10 Reuters, AFP Paris to pump up to 6b euros of aid into battered car sector [PARIS] French President Nicolas Sarkozy wants his country's carmakers to commit to buying parts from French suppliers in exchange for aid measures, the Financial Times reported
      Reuters, AFP; REUTERS  -  551 words

  • MALAYSIA/INDONESIA
    • 655 11  -  PAULINE NG Industry chiefs call for review of govt policies that impede foreign investments By In Kuala Lumpur CORPORATE chieftains, anxious over the drifting economy and expected drop in foreign direct investments, have called for proactive measures after a ratings agency revised its outlook
      655 words
    • 318 11 Bernama [KUALA LUMPUR] The much-anticipated second stimulus package is expected to cost about RMIO billion (554.2 billion) on account of further savings from the fuel subsidy, said a research report released on Monday. Kenanga Research, in its report Economic Outlook 2009,
      – Bernama  -  318 words
    • 338 11 Bloomberg [JAKARTA] Indonesia's central bank said it may use bilateral currency swap agreements to help bolster the rupiah that slumped the most in 10 weeks yesterday. Bank Indonesia (BI) will sign a currency swap agreement with Japan this month for "additional
      Bloomberg  -  338 words
    • 494 11 Reuters He says the NEP has damaged national unity, investment [KUALA LUMPUR] Malaysia must review its race-based economic policies if it hopes to rein in political discontent and regain competitiveness, according to a top banker who is the brother of the
      – Reuters; AFP  -  494 words
    • 228 11 Xinhua [KUALA LUMPUR] Companies employing foreign workers and facing the economic crunch can now apply to let go of these workers even if their service contracts have yet to expire, Malaysian Human Resource Minister Subramaniam said yesterday. "I have discussed this
      Xinhua  -  228 words
    • 235 11 Reuters [JAKARTA] Indonesia expects remittances from its overseas workers to drop by up to 10 per cent in 2009 as the global economic crisis forces firms to cut costs, the head of a state agency in charge of migrant workers said yesterday. The
      – Reuters  -  235 words
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  • GREATER CHINA/INDIA
    • 718 12 Reuters, AP Outsourcing ties are so complex that severance is like hacking off a limb [BANGALORE] Satyam Computer Services Ltd won 15 outsourcing contracts in January despite revelation of India's biggest corporate accounting fraud at the company, a spokeswoman said. The contracts were
      – Reuters, AP; AFP  -  718 words
    • 465 12 Reuters Incentives include subsidies, tax cuts, IP rights protection [BEIJING] China is targeting a series of tax breaks and incentives in designated pilot cities to encourage its outsourcing industry, which still lags powerhouse India although it is growing rapidly. Giving a helping hand to
      – Reuters  -  465 words
    • 249 12 Bloomberg [BEIJING] China, the world's second biggest energy consumer, may enact a stimulus plan for the oil refining and petrochemicals industry before a gathering of the country's legislature to help spur the economy, according to an official. Government departments are currently discussing the stimulus
      – Bloomberg; ■ REUTERS  -  249 words
    • 371 12 -AFP [TAIPEI] The number of Taiwan's jobless claiming benefits hit a record 60,000 in the final quarter of last year as the global economic crisis deepened and the island's exports shrank, officials said yesterday. The figure made up half of the claims for
      -AFP  -  371 words
    • 370 12 Reuters [SHANGHAI] China's non-financial firms may raise nearly 1 trillion yuan (*****.5 billion) through debt issues this year, state media said yesterday, as Beijing reforms its corporate bond market to reduce a reliance on bank loans. China is also expected
      – Reuters  -  370 words
    • 301 12 Reuters [VIENNA] India on Monday signed a pact governing UN inspections of its civilian nuclear plants, a key step towards implementing a US-engineered accord allowing India to import nuclear materials and technology. India will be required to make 14 of 22 nuclear
      – Reuters  -  301 words

  • ASIA-PACIFIC/WORLD
    • 713 13 -AP Announcement follows govt's USs4sb injection under TARP [NEW YORK] Citigroup, under pressure to increase its lending in the tight credit markets, says that it would use U5536.5 billion to issue mortgages, make credit card loans and buy mort-gage-backed securities in the coming
      -AP; AFP  -  713 words
    • 444 13 Bloomberg LATEST US DATA Increase shows that slumping prices may be boosting demand [WASHINGTON] More Americans signed contracts to buy previously owned homes in December for the first time in four months, signalling that slumping prices may be boosting demand. The index of pending
      – Bloomberg  -  444 words
    • 358 13 Ren ters [LONDON] Too much dependence on short-term foreign currency debt can cause problems for emerging economies, according to a report published yesterday by the Bank for International Settlements. Heavy capital inflows and a strong presence by foreign banks in emerging economies can
      Ren ters  -  358 words
    • 501 13 Bloomberg, Reuters But analysts say it may fail to raise enough money [NEW YORK] American International Group Inc, the insurer selling units to repay a government loan, has enough assets to settle its debt to taxpayers, according to the Federal
      – Bloomberg, Reuters; _J REUTERS  -  501 words
    • 495 13 Bloomberg It offered signing bonuses of 260% of revenue brought in [ZURICH] ÜBS, the Swiss bank under investigation for allegedly helping wealthy Americans evade taxes, hired more than 200 brokers in the US in the fourth quarter as it sought to
      – Bloomberg  -  495 words
    • 292 13 Reuters [LONDON] Swiss bank ÜBS has held preliminary talks with Wells Fargo Co's Wachovia Securities about a joint venture of their North American wealth management units, a newspaper reported yesterday. It was unclear what stage the discussions had reached, or exactly
      – Reuters  -  292 words

  • WORLD
    • 550 14 Reuters Both auto makers under pressure to cut costs further under bailout plan [DETROIT] General Motors Corp and Chrysler LLC on Monday began offering a new round of retirement incentives including vouchers for cars as the automakers move to reduce workers and inventory. GM
      – Reuters  -  550 words
    • 426 14 Reuters Factory lines sputter with steep decline in global demand [TOKYO] Japanese overtime pay in December marked the biggest annual fall in nearly 16 years, government data showed yesterday, highlighting deteriorating wage conditions as the world's No 2 economy slides deeper into
      – Reuters  -  426 words
    • 362 14 -LAT-WP [WASHINGTON] After being shut out for eight years, the leaders of federal employee unions felt good to be among those invited into the fold by the new administration. "Welcome back to the White House," Vice-President Joe Biden told a group of labour
      -LAT-WP  -  362 words
    • 79 14 Biggest layoffs From Sep '08, by location of headquarters Citigroup 75,000 Bank of America 45,500 Hewlett-Packard 24,600 Caterpillar Inc 21,610 Pfizer 19,500 Woolworths 27,000 Metro AG 15,000 RioTinto 14,000 British Telecom 10,000 Barclays 9,050 Sony Corp 16,000 TDK Corp 8,000 BHP Billiton 6,000 Nissan 2,500 Lenovo 2,500
      ?: Reuters  -  79 words
    • 500 14 Reuters Gone are the perks and near-limitless expense accounts [LONDON] "How about McDonald's for lunch?" Only a year ago top London restaurants buzzed with high-earning bankers but the money-saving quip from one financial recruiter sums up the new mood of austerity. His client at a
      – Reuters  -  500 words
    • 363 14 LAT-WP [LONDON] Hundreds of British workers walked off the job yesterday, part of a rising tide of industrial unrest sweeping Europe as its economic downturn worsens. Employees at two nuclear power plants in northern England staged wildcat strikes in support of workers
      LAT-WP  -  363 words
    • 452 14 AP [NEW YORK] Macy's Inc will eliminate 7,000 jobs, almost 4 per cent of its work force, and cut capital spending, reduce its contributions to its employees' retirement funds and slash its dividend to preserve cash amid a severe pullback in consumer spending.
      AP; I BLOOMBERG  -  452 words

  • GAZA
    • 1160 15  -  LEON HADAR The idea that the US could help Israelis and Palestinians bridge their core differences is sounding more and more like a dream UPON being congratulated for defeating the Romans at Asculum in 279 BC, King Pyrrhus of Epirus who had lost half of
      AP  -  1,160 words
    • 1048 15  -  FAWAZ A GERGES -LATWP By NOW that the guns have fallen silent and the dust is settling over Gaza, it is time to revisit the received wisdom in Israel, the United States and some European quarters that Hamas is a monolithic, Al-Qaeda-like terrorist organisation bent
      -LATWP; AP  -  1,048 words

  • Transport HUB
    • 753 16 -AP Maritime instructors say arming crews is not the answer to the problem [PORTLAND, Maine] With an alarming number of tankers and cargo ships getting hijacked on the high seas, US maritime academies are offering more training to merchant seamen in
      -AP; : 1 i I l REUTERS  -  753 words
    • 381 16 Bloomberg [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, posted a 10th consecutive advance as the end of China's New Year break spurred activity. China held national holidays all last week, absenting traders from the world's biggest market for
      Bloomberg  -  381 words
    • 326 16 Reuters [ATHENS] Greek riot police clashed with protesting farmers at the port of Piraeus for a second day yesterday, firing tear gas to disperse crowds trying to push through a police blockade. About 500 farmers who arrived at the country's biggest
      – Reuters  -  326 words
    • TRANSPORT STOCKS
      • 107 16 '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 Star Cruises 0.26 0.18 0.79 ....unch 0.64 0.42
        107 words
      • 30 16 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd unch 8.70 8.55 2.54 2.39 0.02 unch -0.15 -0.10 -0.01 0.01 -0.01 1: 114( 63( I 5(
        30 words
      • 12 16 '00 ■recious Ship Jegional Cont 10.80 6.35 0.20 0.05 122! 2!
        12 words
      • 6 16 '000 toil 18.40 -0.30 46!
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      • 20 16 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.60 10.50 unch unch -0.10 unch unch unch 41 (X
        20 words
      • 22 16 Evergreen Marine ....13.55 :irst Steamship 33.00 ManHai Lines 13.90 r"ang Ming Marine ....9.30 0.25 0.85 0.35 0.35 11 9 2 9
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      • 37 16 '000 :awasaki Hvylnd ..159.00 2.00 ***** :awasaki Kisen 353.00 19.00 9887 /litsubishi Hvy 323.00 -4.00 ***** /litsui Eng&Sbldg ..144.00 4.00 6582 /litsui Osk Lines 584.00 27.00 ***** lippon Express 319.00 -13.00 5770 lipponYusen 469.00 23.00 *****
        37 words
    • 1159 16 THE global economic storm has left nothing untouched even the world's busiest container port and transhipment hub has acknowledged that 2009 will be a difficult year. But the management team at PSA Singapore Terminals (PSA) is clear on one thing: in good
      1,159 words
    • TRANSPORT HUB: SHIPPING
      • 711 17 -AP [TRAVERSE CITY, Michigan] Long a symbol of romance and adventure, the seafaring life is attracting fewer young adults these days, creating a worsening personnel shortage for those hauling cargo across oceans and the Great Lakes of North America. Some shipping companies
        -AP  -  711 words
      • 1125 17 I BELIEVE that Singapore's fulI filled vision to be an attracI five maritime hub, offering a I comprehensive range of mariI time services is helping in these uncertain times," says DNV deputy chief executive Tor Svensen. "The busy maritime cluster not only complements
        1,125 words
      • 804 17  -  DAVID HUGHES STRAIT TALK For pirates to prey on seafarers is unfortunate but understandable; what is not acceptable is for politicians to hold seamen to ransom By FEW people in shipping will not have heard of the "London Greeks", a UK-based expatriate community that has long
        804 words
    • TRANSPORT HUB: AVIATION
      • 753 18 ■IHT Financial meltdown, recessionary forces have changed global competition [PARIS] Billions of euros earmarked last week by the French government to keep the credit crunch from choking off revenue to the European plane maker Airbus might, analysts said, will end up helping to
        ■IHT; REUTERS  -  753 words
      • 276 18 Reuters Airline planning to grow, feels secure about fuel hedges [WASHINGTON] Virgin America plans to grow, feels secure about its fuel hedges, and is sticking with its profit forecast for next year despite recession and softening industry demand, the airline's chief executive said
        – Reuters  -  276 words
      • 268 18 Reuters [SEOUL] Korean Air Lines Co Ltd, South Korea's top air carrier, reported a worse-than-expected quarterly loss on the weak won but expected it would swing to an annual operating profit in 2009. Airlines worldwide face declining demand for passengers and cargo as
        – Reuters  -  268 words
      • 399 18 Reuters [WASHINGTON] The biggest US aerospace and defence industry group on Monday added its voice to calls to reform Pentagon procurement procedures, but warned that overly complex regulations and restrictive oversight could harm its members and damage the US industrial base. The Aerospace Industries
        – Reuters  -  399 words
      • 208 18 Bloomberg [WASHINGTON] US airline regulators are moving too slowly to develop a bird-alert system that could prevent emergencies such as last month's splashdown in New York, a pilots union said. Progress is "unsatisfactory", since research on a system dates back to 2000, Rory Kay, head
        – Bloomberg  -  208 words
      • 2603 18 AIRLINE CODES: Amencan Airiines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN) Airlines (AZA), BA British TERMINAL 2: The following airlines arrive at/depart Airways Public Ltr ,E igladesh Airlines (BBC), BI Royal Brunei Airlines Sdn Bhd (RBA), t Airlines (BOU), BR
        2,603 words
    • TRANSPORT HUB: LAND/AVIATION
      • 611 19  -  SAMUEL EE Hyundai chalks up stellar volume in Dec, with close to a fifth of its 2008 total By [SINGAPORE] A softening economy and a rising Japanese yen could point to the resurgence of less premium Korean marques in Singapore but distributors of
        611 words
      • 465 19 AFP, Bloomb erg [LONDON] Britain's trains and airports suffered a second day of delays after the United Kingdom's worst winter storm since 1991. The snow storms which paralysed Britain may have cost businesses already battling the credit crunch up to
        AFP, Bloomb erg; 3 REUTERS  -  465 words
      • 252 19 Reuters [FRANKFURT] New car sales in Germany, western Europe's largest auto market, contracted in January at a double-digit rate as Germans tightened their belts in anticipation of the worst recession since the Second World War. According to data from the VDIK auto importers association published yesterday,
        – Reuters  -  252 words
      • 200 19 -AP [STOCKHOLM] Scandinavian airline group SAS AB yesterday announced a massive overhaul of the company a 40 per cent cut in staff, divestments and a plan to raise six billion kronor (Ssl.l billion) from shareholders after losses widened to 2.8 billion kronor in the fourth quarter.
        -AP  -  200 words
      • 466 19  -  SAMUEL EE It will be offered in standard and extended body sizes By [SINGAPORE] Cycle Carriage (C&C) is hoping that the new and larger Citroen Berlingo will raise the benchmark for light commercial vehicles (LCV) and provide a sales fillip in an otherwise
        466 words
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  • Page 17 Advertisements
    • 187 17 Announcing the Ist I 111 H Transportation Conference Exhibition 17 18 February, 2009 Suntec Singapore International Convention and Exhibition Centre, Singapore J^H^^Hfl cSfcSB I I [SnFjl r^>^yß^Bß\/F Asia's role as an up-and-coming economic power is similar to that of North America a century ago, or of Europe two centuries ago.
      187 words

  • Page 18 Miscellaneous
    • 329 18 CRYPTIC CROSSWORD ACROSS 6 Ace politicians backing think tank and other institutions B3 I for inprovement (13) f^^l l^^l [^i l^[ 8 Superior girl tagging aftersail- I I I or(6) I 9 People on their own catching BB BB BB Bfl BB BB BB BB 10 Holiday country without M
      329 words

  • Page 19 Advertisements
    • 200 19 "■""■'".1.!7,'."^:.7Z,''"*..,. Hb? -"^"^H^^^^^StS A pocket projector at $499? Only when you subscribe to Pulses, the investment monthly Just insert your SD card and project! No need to carry FS^^^^~^ your laptop or lug a cumbersome projector to your next ISft MR, presentation. The Cool I it* Pocket Theatre MP 100
      200 words

  • EDITORIAL & OPINION
    • 485 20 AS the global economic crisis continues to unfold, there are ominous signs of a rise in economic nationalism and even overt protectionism. In the United States, the economic stimulus package is studded with "buy American" provisions, for products ranging from steel to worker uniforms to
      485 words
    • 1160 20  -  DANI RODRICK When the dust settles, developing nations can wield real clout if they get their act together By THERE is just possibly a silver lining for developing nations in the present crisis: they may well emerge collectively with a much bigger say in
      AP  -  1,160 words
    • 790 20  -  ROBERT SAMUELSON THE BOTTOM LINE AMONG the many claims made for US President Barack Obama's "economic stimulus" package now before the US Congress is that it will "jump-start" a "bigger, better, smarter" electric grid, enabling Americans to use energy more efficiently.
      790 words
    • 1285 21  -  DAVID D KIRKPATRICK -NYT Confirmation hearing on Obama's nominee for Health Secretary offers insights into how Washington works By TOM Daschle, the former Democratic Senate leader, had been voted out of office. His close friend Leo Hindery, a Democratic donor and media mogul, was
      -NYT; AFP  -  1,285 words
    • 607 21  -  TERESA LIM By EVERY leader makes decisions. And every decision depends on information. That's been true whether someone has led a company, a government, an army or a household. Over the past 50 years, leaders have experienced a revolution in the quality and quantity
      607 words
    • 374 21  -  Teng Theng Bar CEO LETTER TO THE EDITOR WE refer to the letter from Ec Teck Siew, "Make it easier for banks to use SRI to help smaller firms" (BT, Feb 3). We would like to inform Mr Ec that the Singapore Business Federation's
      374 words

  • Page 21 Advertisements

  • SINGAPORE STOCKS
    • 8478 22 Transaction date: Feb 3 52-wks Tel |h Low Code Last Sale Vol Cooo) Hi: Day Last Quote Div Gr Yld Net 111 Low Buyer Seller C'vr P/E M Cap Sniil Hi! Com| >ari] 9 3 3148 8Telecom 12.5 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 30.5
      8,478 words
    • 1856 23 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      1,856 words
    • 70 23 52-Wk Tel h Low Code Last Sale Vol COOP) Day 111 Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil _Hm Com _Hm ***** ***** 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS 335
      70 words
    • 74 23 52-Wk Tel High Low Code Last Sale Vol COOQ) Day Last Quote |h Low Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi >an' Hii 88 32 6000 AVJennings 12 4 6134 Over&Gen 27 6 6017 StarCruises 248 104 6019 TanChonglnt A38 A8 US8.5 HK122 -2 +0.5
      74 words
    • 8855 23 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.41/ AIGIF Spore Bond Fund/A 1.235/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.61/ APS Alpha Fund (USD)!** 0.4/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5961/ APS Komaba Global
      8,855 words
  • Page 22 Advertisements
    • 24 22 AUDEMARS PIGUET ''^'■f:^mM^mmm''ym> :V WHERE EXTREMES MEET ilSPfek, R < ■:'>-^:»&mmk ROYAL OAK OFFSHORE COLLECTION 3^^^s™WHP^"-- j</J* For enquiries, Tel: (65) 6238 6678 www.audemarspiguet.com '^jf >^
      24 words


  • FINANCE & COMMODITIES
    • 361 24 %dy %yr dy yr dy yi Index Change Change Change Change Change Change Feb2 World Index Preliminary 620.6 -1.4 -8.4 -1.3 -5.7 -1.6 -10.3 EAFE Preliminai 595.7 -2.0 -8.2 -2.3 -7.7 -2.5 -12.2 Euro[ Prelim inan 837.8 -2.0 -8.1 -2.4 -9.1 -2.7 -13.! Pacific 493.1
      361 words
    • 130 24 As at 9am Feb3 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9440 0.9750 .an dollar 1.2080 1.2230 Euro 1.9290 1.9510 NZ dollar 0.7550 0.7720 iterlini ind 2.1400 2.1650 US dollar 1.5050 1.5230 Local dollars to 100 units of foreign currency:
      130 words
    • 174 24 Feb3 $S Offer Overnight 1/8 1-monfli 7/16 2-months 9/16 3-months 11/16 Overnight mode: 3/16 US$ Offer PAR 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.45 0.75 1.20 1.60 2.30 2.50 Offer 0.35 0.55 0.80 1.10 1.50
      174 words
    • 24 24 Feb3 ten Hii Sett >TI ilMSCI Feb 204 208.8 205.6 'aiwan Feb 159.6 165.6 162.7 Source: MF Global (S) He. Ltd
      24 words
    • 20 24 Feb3 Bid Offer 1-month 1.5124 1.5129 2-months 1.5116 1.5124 3-months 1.5110 1.5118 6-months 1.5099 1.5109 Source: OCBC
      20 words
    • 187 24 Feb3 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Mar 09 148.0 Apr 09 149.0 May 09 JunO9 Jul 09 148.0 Aug 09 149.5 147.5 148.5 147.0 149.0 148.0 149.0 149.0 150.0 149.5 149.5 72 36 8 8 56
      187 words
    • 85 24 Feb3 Period Issue code Maturity Yesterday's Bid Hi< Day's |h Low 3-Month BQ*****S 07.05.09 1-Year BY*****V 02.11.09 0.36 0.48 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Hio Day's cjh Low 2-Year N*****0E 3.125 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A 4.000 15-Year NY*****X 3.125
      85 words
    • 102 24 Feb2 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Mar 09 959.50 980.00 976.25 943.25 May 09 965.75 986.75 983.00 949.50 Jul 09 973.00 993.75 989.75 956.75 Aug 09 969.50 990.00 977.25 956.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 09 31.76 32.73 32.70 31.51 May
      102 words
    • 77 24 CRUDE OIL PRODUCTS Feb2 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 44.75 -1.09 WTI (Near Mth) 40.43 -1.26 Dubai (1-Mth F) 43.95 0.02 Tapis blend 47.55 -0.65 Minas 44.20 -0.65 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 48.45 58.80 0.55 -0.45 US$/barrel US! Opec Oil
      77 words
    • 461 24 Feb3 AS CS Rmb Euro HKS IndRsRi Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: lustralia 0.793 4.366 0.496 4.949 31.134 74.516 0.572 8.870 2.310 1.262 50.489 30.259 0.965 6.464 0.741 21.511 22.307 0.448 0.638 Canada 1.261 5.506 0.626 6.240 39.260
      461 words
    • 65 24 Feb3 6 mths 1.***** 9mths 1.***** 12 mths 1.***** SWAP Mid rates (Ss) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 1.***** syrs 1.***** 7yrs 2.***** 10yrs 2.***** 12yrs 2.***** 15yrs 2.***** Source: Thomson Reuters mth 0.***** 0.***** mths 0.***** 0.***** mths 1.***** 0.***** mths 1.***** 0.***** mths 1.*****
      65 words
    • 156 24 Feb3 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9649 0.9660 0.6380 0.6385 Canadian dollar 1.2169 1.2179 0.8046 0.8050 Euro 1.9443 1.9451 1.2856 1.2857 NZ dollar 0.7639 0.7657 0.5051 0.5061 Sterling 2.1529 2.1541 1.4235 1.423! US dollar
      156 words
    • 128 24 Feb3 /oz) -long Kong .ondon 901.00 876.8C 902.00 877.8C Feb 02 Jan 3C 914.75 921.05 916.35 923.05 Source: Thomson Reuters CAST BAR (S$) FebOl Buyini Sellim Kilobar 46,778 PAMP GOLD BARS (S$) Selling ***** Biiyinc gm jgm Ogm !0gm JOgm OOgm oz ozUBS Kinphar™ 104.86 297.46 531.79 1001.52
      128 words
    • 62 24 Feb2 iri iiuiii, yy.i (US$/tonne) Close Previous :ash 1356.50 months 1390.00 1316.01 1349.01 Copper, Grade A (US$/tonne) :ash months 3141.75 3175.00 3119.01 3155.01 .ead (US$/tonne) :ash months 1099.50 1105.00 1115.51 1120.51 lickel (US$/tonne) :ash months *****.00 *****.01 *****.00 *****.01 'in (US$/tonne) :ash *****.50 *****.01 months *****.00 *****.01 inc,
      62 words
    • 60 24 Feb2 :OCOA (Btonne) Close Prev Hii ih/Low Mar 09 1972 1995 1980/1941 May 09 1953 1979 1969/1924 Jul 09 1950 1973 1955/1920 SepO9 1938 1966 1944/1915 COFFEE (US$/tonne) Close Pev High/Low SUGAR (US tonne) White Close Prev Hig gh/Low Mar 09 379.9 373.5 380.0/371.5 May 09 374.0 369.1 374.1/367.4
      60 words
    • 65 24 Feb3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low Feb 09 1763 1799 1799 1763 136 3833 Mar 09 1768 1791 1791 1743 1503 ***** Apr 09 1762 1788 1790 1741 4744 ***** May 09 1764 1795 1795
      65 words
    • 284 24 Feb3 URODOLLAR FUTURES VlarO9 lunO9 >epO9 DecO9 98.7600 98.8150 98.7850 98.6550 ***** 4858 4468 1654 EUROYEN TIBOR FUTURES VlarO9 99.315 99.315 lunO9 99.420 99.420 >epO9 DecO9 Vlar10 lun10 iep10 DedO 99.315 99.415 99.315 99.420 99.445 99.430 99.375 99.315 99.255 99.210 215 30 12 ***** 7132 3218 1578
      284 words
    • 2268 24 BONDS WARRANTS Pel lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Prem Expiry Disc Gear- Mths ing Left '058 Advance Modules Grp W*****3 6 susp >036AdvanceSCTLtdW*****9 0.5 1 17 156 1.50 1 87 1358 12.00 42 18 )092 Asia Environment W*****4 0.5 1 38 235 23.00 6
      2,268 words

  • Page 25 Advertisements
    • 2774 25 m The Business Times Shipping Times AWIfIfJWtTffIWTWBWfWrWMW^AWAWA^ I WAN HAI international pte ltd uen *****4695 M ■r mWm mMMmmMm^mmmMimmm I VTm\iaia.vi uai imrr te*****155s (hunes) fax:6224H63 WjL Am W^^^^^««F^™^¥™W] iBgITCREfXaBDuSHMRaCEKHSS IV\ V« I WAN HAI INt J FKL TEL: (03) *****888 FAX: (03) *****288 PENH: (04) *****00 FAX: (04)*****99 \Ay
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  • Page 26 Advertisements
    • 3630 26 F^VHEHHi^^^l in E EASTERN CAR LINER, LTD I I (f) £j(J&H9^ I If-——'1 specialize in roro heavy lift UPTO 450 tons~| WEEKLY EXPRESS SAILING SCHEDULE I IIQQSZESSfI VOY I RoinKKT) I Lillinq(KT) I MUA 1 SIN I PKL I KB )KT I SUR I m^J^yilg^^B^illdUASJ^UUUuluSul PCL/PHL SERVICE AMX SERVICE Connecting
      3,630 words

  • EXECUTIVE MONEY
    • 911 27  -  PAUL J LIM -NYT By [NEW YORK] Individual investors can't do much to improve the miserable performance of the stock market, but they may be able to help their own portfolios. Thanks to the severe bear market of the last year or so and
      -NYT  -  911 words
    • 1295 27  -  PRADEEPVERMA Historical data and market timing tools only point to a speculative bear trap rally SINCE hitting multi-year lows on Nov 20, 2008, stock markets around the globe have risen over 20 per cent (though markets have given back some of
      1,295 words
    • 648 28 Faced with the task of rebalancing their portfolios urgently, institutions are also preparing to fire external managers for underperformance, writes GENEVIEVE CUA EXTREME volatility and stress in markets have wreaked havoc on institutional portfolios just as it has on individual portfolios. Institutions have suddenly found that
      648 words
    • 772 28  -  GENEVIEVE CUA By LGT Bank, owned by the ruling family of Liechtenstein, is expanding its wealth management operations in Asia, where it has offices in Singapore and Hong Kong. Group chief executive Prince Max yon und zu Liechtenstein says
      YEN MENG JIIN  -  772 words
    • 683 28  -  GENEVIEVE CUA By PRUDENTIAL has launched a critical illness plan that enables policyholders to claim up to three times the sum assured, subject to certain conditions. The plan, called "PRUmultiple crisis cover", may be a first here. Most other
      683 words
  • Page 27 Advertisements
    • 13 27 Call 6-222 6868 now Account Serve for the Accounting Specialists www.Accountserve.com.sg CJ I
      13 words
    • 264 27 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF TUAN KEE STEAMBOAT PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION! (COMPANY REGISTRATION NO. *****9228R) Notice is hereby given that pursuant to Section 308 of the Companies Act (Cap.so), the final general meeting of the Company and of
      264 words
    • 397 27 A [GARS IN THE MATTER OF THE COMPANIES ACT (CAP. 50] AND IN THE MATTER OF (1) LJANG HUAT LAND PTE LTD (PROVISIONAL LIQUIDATORS APPOINTED! (Company Registration No. *****7819R) (2) LHC CONSTRUCTION PTE LTD (PROVISIONAL LIQUIDATORS APPOINTED! (Company Registration No. *****3828 D) (3) LIANG HUAT CORPORATION PTE LTD (PROVISIONAL LIQUIDATORS
      397 words

  • Page 28 Advertisements
    • 130 28 MILLION Hong Bao Draw 2009 Draw on Fri, 6 Feb. 9.30pm Last 3 days to Draw Day! Sales at all Singapore Pools outlets till 6 Feb,9pm. Sales of $10 Prosperity Pack $28 Abundance Pack (exclusive to OSIM) at selected OSIM stores: Centrepoint #03-11 People's Park Complex #01-42/43 Raffles City #03-21
      130 words