The Business Times, 12 February 2009
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2009-02-12
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The Business Times
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Title Section21 2009-02-12 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg •■f* A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 121 words
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1030 2009-02-12 1 KALPANA RASHIWALA - KALPANA RASHIWALA One hot discussion topic is whether govt will revert to 50% formula for DC calculation in face of recession By [SINGAPOKEJ Property consultants expect the government to make bigger cuts of up to 20 per cent in development charges (DC)1,030 words
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509 2009-02-12 1 ARTHUR SIM - ARTHUR SIM It also wants to rope in more banks for its loan schemes By [SINGAPORE] Spring Singapore is going beyond the call of duty and dipping into its own reserves to help fresh university graduates get jobs. It has also approached the Monetary509 words
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570 2009-02-12 1 SIOW LI SEN - SIOW LI SEN It expects to more than double it again to 650 by year-end By [SINGAPORE] Barclays has more than doubled the headcount at its global technology centre at Changi to 250 in less than six months. And it expects to570 words
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479 2009-02-12 1 Reuters, IHT January falls are steepest since records started, boding ill for 2009 growth [BEIJING] Chinese exports and imports fell unexpectedly sharply in January, underlining how badly the world's third-largest economy has been hit by the global financial crisis and the impact that isReuters, IHT - 479 words
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Page 1 Miscellaneous
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Miscellaneous55 2009-02-12 1 JTC INDUSTRIAL WH^HI BizlT TOP EXECS'PAY AVIATION \.<&?s SPACE jjfelltf Electronics: the Going beyond risk Opportune year for Take-up rate down jfe EH ip^l buying continues and reward budget airlines: Tiger te inQ4 PAGE 28 PAGE 25 PAGE 19 PAGE 16 ACCOLADES/^ commentary on DBS job cuts revamped Weekend BT55 words
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TOP STORIES
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Article, Illustration678 2009-02-12 2 WONG WEI KONG - WONG WEI KONG COMMENTARY It's time to review what caused them and ascertain what needs fixing PAPER losses are not real losses but it can be argued that the two are really just different sides of the same coin. And there could be678 words
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652 2009-02-12 2 SIOW LI SEN - SIOW LI SEN Bank staff here brace for less generous packages By [SINGAPORE] Singapore's top bankers now rich in comparison to their US peers are trying very hard to distance themselves from the move by President Barack Obama to cap pay at652 words
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THREE-MINUTE DIGEST
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59 2009-02-12 2 PROPERTY consultants expect the government to make hefty cuts of up to 20 per cent in development charges for the upcoming revision effective March 1. They say there is sufficient evidence that prices and rentals have fallen at condos and offices a59 words
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96 2009-02-12 2 BARCLAYS has more than doubled the headcount at its global technology centre at Changi to 250 in less than six months. And it expects to more than double it again to 650 by year-end a reminder that not all banks are slashing96 words
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75 2009-02-12 2 SINGAPORE'S top bankers now rich in comparison to their US peers are trying very hard to distance themselves from the move by President Barack Obama to cap pay at US$5OO,OOO for executives. But just as night follows day, the pay limits set75 words
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65 2009-02-12 2 HIT BY a hefty investment impairment charge, The Hour Glass yesterday reported a third-quarter net loss of $7.08 million, its first quarterly loss in 10 years. This reverses from a net profit of $8.21 million posted for the corresponding period a year ago. The65 words
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95 2009-02-12 2 ASL Marine registered a 10.6 per cent rise in net profit to $16.3 million for the second quarter ended Dec 31, 2008. But for the first six months, net earnings rose at a faster pace of 43.7 per cent to $40.2 million, helped by95 words
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65 2009-02-12 2 AS government-backed loans provided to SMEs jumped 38 per cent to $990 million last year, Spring Singapore will continue to step up efforts to support viable SMEs through the downturn. But Spring chairman Philip Yeo says businesses must realise that government support65 words
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75 2009-02-12 2 CREDIT Suisse posted its biggest ever annual loss after a poor fourth quarter hit by trading losses and restructuring charges, but it expressed cautious optimism for 2009 even as it cut some financial targets. Switzerland's second-largest bank said yesterday that its net75 words
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74 2009-02-12 2 NET take-up of industrial space fell again in Q4 2008 for industrial landlord JTC Corporation, as the downturn continued to weigh on businesses. JTC's 2008 facilities report released yesterday shows the agency leased or rented out 20,000 sq metres of ready-built74 words
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472 2009-02-12 2 LATEST US DATA [WASHINGTON] The US trade deficit fell to the lowest level in nearly six years in December as the recession depressed demand for imports. The trade deficit in 2008 fell for a second straight year and economists expect an472 words
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Article, Illustration454 2009-02-12 4 JOYCE HOOI - JOYCE HOOI SPH ANNUAL AWARDS: COMMENTARY/ANALYSIS OF THE YEAR Associate news editor Wong Wei Kong wins with DBS job cut commentary Reports by [SINGAPORE] The Business Times continued on its winning streak yesterday, bagging the Commentary/ Analysis of the Year award for theYEN MENG JIIN - 454 words
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Article, Illustration407 2009-02-12 4 [SINGAPORE] The efforts to revamp The Business Times Weekend were rewarded at the company's in-house annual awards ceremony for the English and Malay Newspaper Division (EMND) yesterday. BT Weekend was awarded the Special Award of the Year for Excellence for the relaunch and redesign407 words
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Article, Illustration851 2009-02-12 4 ANDREW MARKS - ANDREW MARKS Investors put off by lack of details in ambitious plan, but these may follow By in New York WHAT Wall Street wanted from US Treasury chief Timothy Geithner when he took to the podium on Tuesday to unveil the newReuters Graphics - 851 words
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MARKETS DIGEST
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Article29 2009-02-12 4 Bloomberg SINGAPORE 5.38 MALAYSIA 5.91 HONG KONG 5.00 INDONESIA 16.921 TAIWAN 4.826 JAPAN 1.475 KOREA 9.33 BRITAIN 1.00 US 3.25 CANADA 3.00 SWITZERLAND 0.52 INDIA 13.00 Source:Bloomberg - 29 words
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Article44 2009-02-12 4 Inesi lay lange I COMP 897.07 -6.45 IIKKEI225 Closed IANG SENG 13,539.21 -341.43 ;et INDEX 444.10 +0.93 JAKARTA COMP 1,324.82 -7.31 IANILACOMP 1,897.75 -19.82 ;eoulcomp 1,190.18 -8.69 ;henzhen B 317.76 +0.56 IUMBAI IND 9,618.54 -28.93 11AM EST Cham )OW 7,938.10 +49.22 IAS DAI44 words
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Article45 2009-02-12 4 IS$ (S$ per US$) 1.508 (US$/S$ per 1.441 2.172 IURO (US$/S$/E) 1.293 1.949 Foreign currency per US$ S$ 'EN 90.10 59.80 3.609 2.394 IK$ 7.751 5.142 !AHT 35.04 23.24 lUPIAH 11,810 7,833 1ENMINBI 6.835 4.534 INDIAN RUPEE 48.74 32.33 1.527 1.013 IZ$ 1.907 1.26545 words
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Page 2 Advertisements
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Advertisement561 2009-02-12 2 Indirect Tax m Workshop Customs and International Trade /^k The world is experiencing an unprecedented financial downturn that has significant impact on regional and global trade. Effectively ag| managing your Customs duties is an important, yet often over-looked, way to unlock bottom-line cost savings and improve cash flow. m Customs561 words
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COMPANY NEWS
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Article, Illustration394 2009-02-12 5 JAMIE LEE - JAMIE LEE SGX proposes rules to let those yet to reach commercial stage list on Catalist By THE Singapore Exchange (SGX) plans to allow Catalist listing for life science companies that have yet to reach the commercial stage. It is inviting public commentsNOEL ROSALES/STRAITS TIMES - 394 words
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506 2009-02-12 5 OH BOON PING - OH BOON PING PRIVATE education provider Raffles Education Corp recently reported a sterling set of se-cond-quarter results that saw net profit jump 66 per cent to $27 million, while revenue for the quarter rose 38 per cent to $54.2 million. And the market appears506 words
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276 2009-02-12 6 STATS ChipPAC Ltd, a semiconductor test and advanced packaging service provider, has swung to a net loss of US$22 million in the fourth quarter of 2008 from a net profit of U5543.3 million a year ago. Revenue in Q4OB was U*****.6 million a decrease276 words
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Article, Illustration443 2009-02-12 6 JAMIE LEE - JAMIE LEE First quarterly loss in 10 years as company records $14m investment impairment charge By. HIT BY a hefty investment impairment charge, The Hour Glass yesterday reported a third-quarter net loss of $7.08 million, its first quarterly loss in 10 years. This reversesFILE PHOTO - 443 words
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Article, Illustration487 2009-02-12 6 JMA SHANKARI - JMA SHANKARI By I RSH Limited yesterday said it has opened some 80,000 square feet of retail space in two new malls in the United Arab Emirates (UAE) even as it reported a 45 per cent drop in third-quarter earnings. NetFILE PHOTO - 487 words
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Article, Illustration531 2009-02-12 7 VINCENT WEE - VINCENT WEE H1 profit up 43.7%, boosted by better performance and disposal gains By ASL Marine registered a 10.6 per cent rise in net profit to $16.3 million for the second quarter ended Dec 31, 2008. But for the first six months, net earningsFILE PHOTO - 531 words
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COMPANY BRIEFS
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96 2009-02-12 7 WESTECH Electronics yesterday warned that the group will suffer a significant loss for the financial year ended Dec 31, 2008. This is due primarily to the provision for doubtful debts from default of payments by major customers. The loss has been further impacted96 words
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63 2009-02-12 7 BIOSENSORS International Group reported that net loss for the fiscal third quarter ended Dec 31, 2008 narrowed to U*****,000 from US$7.B2 million a year ago. The smaller losses were attributed to higher product revenue and improved gross margins coupled with the exchange gains recorded63 words
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Article52 2009-02-12 7 FOOD Junction Holdings reported net profit for the fiscal first quarter ended Dec 31, 2008 slipped 2 per cent to $1.09 million. Total revenue for the quarter rose 10.9 per cent to $12.95 million due mainly to revenue from Malone's American Cafe and Japanese52 words
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69 2009-02-12 7 TIONG Woon Corporation said net profit for the six months to Dec 31, 2008 rose 119 per cent from a year ago to $23.07 million Turnover for its fiscal first half rose 45 per cent to $95.51 million. The increase in the turnover was69 words
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67 2009-02-12 7 SINGAPORE Technologies Engineering said that its electronics arm, Singapore Technologies Electronics (ST Electronics), has won additional contracts worth about $6.8 million to provide an integrated security system, an IT infrastructure system and a carpark guidance payment system to Resorts World at Sentosa (RWS). This67 words
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478 2009-02-12 7 JAMIE LEE - JAMIE LEE Q3 net profit up 14.7%; 9-month net income rises 28% By SOFA retailer Man Wah Holdings posted a 14.7 per cent jump in quarterly net profit despite weakening economic conditions, thanks to higher sales in the United States and478 words
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Advertisement647 2009-02-12 5 i *?rp -i- t J w^(**t t 3?W*-<'-^flK/ J r 'T^f y-w^. tow Why DBS Exchange Traded Funds (ETFs)? Why ABF Singapore Bond Index Fund? ETFs are efficient transparent and flexible In a volatile stock market, you may wish to consider ETFs are efficient, low-expense instruments that investing into a647 words
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Advertisement71 2009-02-12 6 I i M i I f I■jl I I W i.",, j<ir i s ii i Vii ir' I j] I J' i Ivi I tfcj FROM YOUR ASSOCIATES AND PARTNERS Door Technology Pte Ltd VOSCO MF.TAL I'TK I II) INNOFIELD SG-BOGEN PTE LTD KH FOGER RotO Access LYBRON (S)71 words
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Advertisement36 2009-02-12 7 LI I il''- < IL/ I I i Vi i II I fc^fc^l CONGRATULATIONS TO MARQUIS FURNITURE SALLERY ON THE OPENING OF QSQUARE g& dp. j\& GAVA GROUP '•.s^^V.' KIAN WAH AIR-CON SERVICES GAVA SINGAPORE PTE LTD36 words
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SINGAPORE MARKETS
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Article, Illustration639 2009-02-12 8 R SIVANITHY - R SIVANITHY STOCKS Another rare occasion when the Singapore market shrugs off loss on the Hang Seng Index ALTHOUGH the local market came under early pressure yesterday following Wall Street's 4.5 per cent Tuesday blowout, selling here was capped by expectations that the USBloomberg - 639 words
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Article99 2009-02-12 8 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch lulti Ind 1 5 9 0 0 0 1 5 9 lanufacturini 38 50 43 43 50 49 Commerce 15 16 21 17 18 24 'pt/Stor/Comms 11 11 11 12 11 :inance 16 17 1699 words
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Article112 2009-02-12 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 24.027 24.027 36.582 36.582 lanufacturing 229.231 9.567 238.798 121.074 410 121.483 Commerce 44.016 3.621 47.637 56.483 472 56.955 "pt/Stor/Comms 65.864 84 65.948 133.529 133.534 :i nance 38.606 100 38.706 199.909 199.915 Construction 8.866 312 9.178 671 12 683 'roperties112 words
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Article100 2009-02-12 8 CapitaLand 2.740 4-0.110 Noble Grp 1.220 4-0.010 CapitaMal 1.360 OCBCBk 5.080 4-0.070 CityDev 5.490 4-0.190 Olam 1.410 4-0.060 Cosco Corp 0.855 -0.005 S IA 10.880 4-0.440 IBS Grp 8.290 4-0.040 SGX 5.210 -0.010 :&N 2.940 4-0.060 SIA Engg 2.010 -0.010 Sent Intl 0.440 SPH 2.660 iolden100 words
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Article959 2009-02-12 8 JAMIE LEE - JAMIE LEE Singapore Airlines Febll close: $10.88 KIM ENG RESEARCH, Feb 11 NOT bad, under the circumstances: Singapore Airlines (SIA) produced a solid set of results, despite the current environment. Third quarter 2009 earnings declined by 43 per cent to $337.2 million, but was ahead of our consensus959 words
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Article, Illustration526 2009-02-12 8 LARRY WEE - LARRY WEE CURRENCIES A PAINFUL 4 to 5 per cent "thumbs-down" from Wall Street for US financial and economic rescue plans announced on Tuesday night caused a sharp about turn in risk appetite yesterday. While the headline number of US$2 trillion wasReuters - 526 words
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Article58 2009-02-12 8 Feb11 VALUE CLOSE IT OB/OS -272.00-174.0C IT CADI -*****.00 -24.0' IT 10-day MA -*****.00 -27.0' TSE ST Mid Cap 345.18 +1.6' TSE ST Small Cap 280.34 -1.1 TSE ST All Share 411.37 +3.6' TSE ST China Top 183.95 -u: TSE ST China 179.97 -1.3. IOB Catalist 72.9158 words
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Article62 2009-02-12 8 VOLUME Golden Agri 127,021,000 Chart SemiCond 82,062,000 Capita Land 48,182,000 Sing Tel 30,946,000 Synear 22,731,000 Straits Asia 22,265,000 Noble Grp 18,898,000 Olam 16,634,000 Keppel Land 15,875,000 Gent Intl 14,016,000 VALUE(S) Capita Land 129,486,210 UOB 79,869,578 Sing Tel 76,834,634 DBS Grp 70,077,870 Golden Agri 39,227,710 S I A62 words
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Article107 2009-02-12 8 CLOSE UP LD 10US$ 9010 334.5 2.5 ICBC Bk5.1%NCPS 100 9300 110.0 1., ICBCCai 5.1%NCPS 100 9280 80.0 0. ilA 200 1086 50.0 4.: I A 1088 44.0 4., ;txpo ioo 1088 38.0 3.' iBS Bk6% NCPS 10 9700 20.0 0., IOB 5.05%NCPS 100 9500 20.0 0., At 549107 words
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Article122 2009-02-12 8 CLOSE DOWN .sia Pac Brew 990 -40.0 -3.9 China H 10US$ 988 -37.7 -2.5 DBS MBL JCW*****3 14 -16.5 -54.1 :iMBAsean40 100US$ 478 -15.1 -2.0 Korea 10US$ 234 -12.1 -3.3 Haw Par Cor| 369 -11.0 -2.9 I seta n 278 -11.0 -3.8 lardine C&C 1018 -10.0 -1.0 ilandDBePW***** 45.5122 words
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Article86 2009-02-12 8 Feb 11 %CHNG CLOSE FR Feb 10 YR SSLOW R 2008/2009 S$ HIGH USS 1.5040 -0.30 1.5346 1.3457 Euro 1.9486 -0.50 2.2064 1.8640 Pounds 2.1667 2.34 2.8431 2.0356 0.9850 1.21 1.3251 0.9068 'en* 1.6728 -1.68 1.7278 1.2619 Rupiah* 0.***** 0.13 0.***** 0.***** Baht* 4.2910 -0.16 4.429986 words
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SINGAPORE NEWS
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Article, Illustration623 2009-02-12 9 CHEN HUIFEN - CHEN HUIFEN However, businesses must realise that govt support is not an entitlement By AS government-backed loans provided to SMEs jumped 38 per cent to $990 million last year, Spring Singapore will continue to step up efforts to support viable SMEs through623 words
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Article, Illustration528 2009-02-12 9 NISHA RAMCHANDANI - NISHA RAMCHANDANI By THE Singapore Tourism Board (STB) aims to steer the industry through the downturn by selling Singapore not just to the region and the world, but to Singaporeans as well. Free tickets, numbering 2,009, to visitor attractions such asAP - 528 words
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326 2009-02-12 9 EMILYN YAP - Sing seen weakening against US$ in H2: Nomura EMILYN YAP MAS may shift its policy mid-point lower in April By CURRENCIES of open Asian economies including the Singapore dollar are likely to weaken into the second half of the year as global conditions deteriorate, Nomura said yesterday. Its foreign exchange326 words
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635 2009-02-12 9 LEE U- WEN - LEE U-WEN YESTERDAY IN PARLIAMENT MCYS will be spending 1.9b this year to assist them By THE government has acknowledged that the middle class or "sandwich" group may need more help during the economic downturn, especially if they are retrenched. But it635 words
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305 2009-02-12 9 ZEINAB YUSUF - ZEINAB YUSUF By HOLLYWOOD concept designer Feng Zhu will launch a new school in Singapore the FZD School of Entertainment Design. Enrolment for a diploma in entertainment design begins this month and the one-year full-time programme starts in April. The first-of-its-kind school will305 words
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288 2009-02-12 9 YEN SREENIVASAN - YEN SREENIVASAN CAAS estimates it will generate about 281,000 kwh of energy per year By SUNLIGHT will be converted into electricity at Changi Airport's Budget Terminal, under a project launched yesterday by the Civil Aviation Authority of Singapore (CAAS). Tenders were called to install288 words
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204 2009-02-12 9 INTERNATIONAL Enterprise (IE) Singapore officially launched an "ißural Initiative" yesterday as part of its efforts to help Singapore-based infocomm technology (ICT) companies expand overseas. The initiative promotes Singapore-based ICT solutions for rural communities in emerging and growth markets such as China, India,204 words
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ECONOMY WATCH
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Article, Illustration517 2009-02-12 10 -AP He also hinted that the BOE was ready to print money and jolt the economy [LONDON] The head of the Bank of England said yesterday that Britain was in a "deep recession" that would require further easing of monetary policy amid a-AP; BLOOMBERG - 517 words
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Article, Illustration512 2009-02-12 10 Reuters [LONDON] World oil demand will contract by far more than previously expected this year due to extreme weakness in the global economy, the International Energy Agency (lEA) said yesterday. Demand is expected to fall by 980,000 barrels per day (bpd) this yearReuters; BLOOMBERG - 512 words
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250 2009-02-12 10 [PARIS] The European Union (EU) should be prepared to quadruple loans for the car industry this year to 15 billion euros (Ss29 biUion) because of the economic slump, said Carlos Ghosn, chief executive officer of Renault SA, France's second-biggest carmaker.250 words
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469 2009-02-12 10 -Reuters [BRUSSELS] The European Commission will present in two weeks guidelines that will allow European Union (EU) countries to remove toxic assets from banks' balance sheets and help unclog credit flow without distorting competition. Banks need to get rid of their toxic assets-Reuters - 469 words
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302 2009-02-12 10 Reuters [NEW YORK] If the rising tide of suspended share buyback programmes is any indication, corporate America is now in survival mode. The deepening recession is not only forcing US households to live within their means, but corporations too. The list– Reuters - 302 words
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542 2009-02-12 10 Bloomberg Many assets, participants in its crisis programmes have not been disclosed [WASHINGTON] Federal Reserve chairman Ben S Bernanke initiated a review of the information Fed provides the public after lawmakers criticised the central bank's disclosure policies during the unprecedented expansion of its– Bloomberg - 542 words
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Advertisement112 2009-02-12 10 T^ SAVE TAX Our qualified professionals W/MI can assist you with offshore j| j structures, shelf companies ffis and incorporations in ALL jurisdictions including: uujJaffi British Virgin Islands I Cayman Islands I 7^l Bahamas i^l Seychelles I Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available.112 words
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MALAYSIA/INDONESIA
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383 2009-02-12 11 Reuters Industry officials forecast power demand will grow around 10% a year [JAKARTA] Indonesia's efforts to tackle power shortages by increasing its electricity generating capacity may face delays because of problems with financing, the head of the state-owned electricity firm said onReuters - 383 words
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Article, Illustration253 2009-02-12 11 -AFP [JAKARTAJAn Indonesian court yesterday rejected a US$4OO million civil corruption case against the youngest son of former dictator Suharto, provoking outrage from anti-graft campaigners. The Central Jakarta District Court cleared Hutomo Mandala Putra, popularly known as Tommy Suharto, of government allegations that he-AFP - 253 words
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Article, Illustration313 2009-02-12 11 Reuters [JAKARTA] A former official from Indonesia's antimonopoly agency was charged on Tuesday with receiving bribes in connection with the awarding of broadcast rights in a case that has hurt the watchdog's credibility. Indonesia's anti-graft agency, known as KPK, detained Mohammad Iqbal last September afterReuters; BLOOMBERG - 313 words
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272 2009-02-12 11 Reuters [PUTRAJAYA, Malaysia] Malaysia is to cut electricity prices by an average of 3.7 per cent from March 1 as the economy of the South-east Asian country struggles to boost its competitiveness and fend off a possible recession. Energy, Water and Communications– Reuters - 272 words
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Advertisement995 2009-02-12 11 w A MATS ECOWISE HOLDINGS LIMITED Registration No: *****9835 C (Incorporated in Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of ecoWise Holdings Limited (the "Company") will be held at 17 Kallang Junction #04-03 Singapore *****4 on Friday, 27 February 2009 at 5.00995 words
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Advertisement1189 2009-02-12 11 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg fyecoWise ECOWISE HOLDINGS LIMITED Registration No: *****9835 C (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 2009 Annual General Meeting of the shareholders of the Company will be held at 17 Kallang Junction #04-03 Singapore *****4 on Friday,1,189 words
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GREATER CHINA/INDIA
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884 2009-02-12 12 Economist says US should ensure value of assets held will not be eroded [SHANGHAI] China should seek guarantees that its US$6B2 billion holdings of US government debt won't be eroded by "reckless policies", said Yu Yongding, a former adviser to the central884 words
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Article464 2009-02-12 12 Reulers [SHANGHAI] China's government is pressuring banks into boosting their lending as a way to revive the economy. Such arm-twisting had disastrous effects on the lenders on previous occasions but it may be different this time. After similar lending sprees in the 1990s and– Reulers - 464 words
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Article, Illustration601 2009-02-12 12 Reuiers [SINGAPORE] While cynics scoff at the idea that the yuan could some day become a regional or global currency, China's efforts to push loans and trade in yuan in Asia suggest it is taking the first, albeit tiny, step in that direction.– Reuiers; FILE PHOTO - 601 words
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742 2009-02-12 12 Bloomberg [MUMBAI] Reliance Power Ltd, the utility that sold shares in India's biggest initial public offering last year, may face delays in building its largest coal-fired plants as the global credit crunch holds up loan approvals. "The lead time for getting loans has– Bloomberg - 742 words
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Advertisement1705 2009-02-12 12 IN THE MATTER OF IN THE MATTER OF THE COMPANIES ACT, CAP. 50 THE COMPANIES Aa, CAP. 50 IN THE MATTER OF IN THE MATTER OF IN THE MATTER OF THE COMPANIES ACT, PRECIOUSCARE PTE. LTD. TATA INFOTECH (SINGAPORE) CHAPTER "50 AND (C0.Reg.N**********C) PTE. LIMITED NOTICE OF RESOLUTIONS (IN MEMBERS'1,705 words
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Advertisement112 2009-02-12 12 UNITED OVERSEAS INSURANCE LIMITED Company Registration No. *****0152R (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATES Notice is hereby given that the following share certificates have been reported lost, destroyed or mislaid: Name Certificate No. No. of Shares Tan Ah Fang *****26-8 500 -do- *****08-5 100 -do- *****83-6 300112 words
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SAVING THE US ECONOMY
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Article, Illustration842 2009-02-12 13 Bloomberg Reuters ANALYSIS Lack of detail about Geithner's proposals leaves many unsure about participating [NEW YORK] A lack of detail in a US plan to cleanse banks of toxic assets has left big money managers and private firms, including leveraged buyout funds and hedge funds,Bloomberg; Reuters; ■ I AFP - 842 words
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Article, Illustration731 2009-02-12 13 ■NYT [WASHINGTON] Congressional leaders moved quickly into intense negotiations with the Obama administration on Tuesday after the Senate voted to approve its version of an US$B3B billion economic stimulus plan, and officials said the talks were on a fast track to■NYT; : Congressional Budget Office, AP - 731 words
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848 2009-02-12 13 AP But it's too soon to say if Geithner is up to the tough task [WASHINGTON] It was a tough sell for Timothy Geithner, and he looked it. The new treasury secretary read from the teleprompter on his right. Then the oneAP - 848 words
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Advertisement15 2009-02-12 13 Overall, the bills reflect differences in spending priorities amounting to tens of billions of dollars.15 words
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ASIA-PACIFIC/WORLD
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726 2009-02-12 14 Reuters On a brighter note, the Swiss bank says this year has started relatively well [ZURICH] Credit Suisse has posted its biggest ever annual loss after a poor fourth quarter hit by trading losses and restructuring charges, but it expressed cautious optimism for■ Reuters - 726 words
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Article, Illustration566 2009-02-12 14 Bloomberg STIMULUS PLANS [HO CHI MINH CITY] Vietnamese commercial banks will lend a combined 468 trillion dong (5540.4 billion) to businesses under a government loan subsidy programme aimed at reviving an economy growing at the slowest pace in nine years.Bloomberg; BLOOMBERG - 566 words
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Article, Illustration423 2009-02-12 14 AFP Some suggest a rotating government may be formed [TEL AVIV] Israel's tight election race risks plunging the country into unprecedented turmoil that is likely to result yet again in a patchy and unstable coalition, observers said yesterday. President Shimon PeresAFP; ; Graphics - 423 words
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324 2009-02-12 14 JANE MOIR - JANE MOIR By in London BRITAIN'S securities regulator is beefing up its battle against insider trading, with a string of criminal prosecutions and new powers to give whistle blowers immunity. The Financial Services Authority (FSA) has hit back at its critics via a flurry324 words
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372 2009-02-12 14 aloomoerg [NEW YORK] Billionaire Warren Buffett likes to say that his favourite length of time to hold a stock is "forever". That's a good thing, because some of his more recent investments aren't making him money in the short run. Mr– aloomoerg - 372 words
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WORLD
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Article, Illustration430 2009-02-12 15 Bloomberg Bankers will benefit as investment bank becomes profitable this year, it says [ZURICH] ÜBS, Switzerland's biggest lender, said it will offer investment bankers more pay this year after announcing 2,000 additional job cuts at the unit. The bank plans to reduceBloomberg; REUTERS - 430 words
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228 2009-02-12 15 Bloomberg [AMSTERDAM] European Union (EU) finance chiefs have asked EU regulators to evaluate ways to coordinate the supervision of bonuses at financial-services companies across the 27--nation region, the Netherlands' Wouter Bos said. "Public sentiment is very negative about every form of bonus that is– Bloomberg - 228 words
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379 2009-02-12 15 AP [NEW YORK] It's official: Michelle Obama is the first lady of American fashion, appearing on the cover of the March issue of Vogue. Every first lady since Lou Hoover save Bess Truman has been featured in the high-fashion magazine, but Mrs ObamaAP - 379 words
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646 2009-02-12 15 Reuters Investment banks turn to brokerages to expand business [NEW YORK] Even as the financial crisis drives hundreds of thousands of bankers into the unemployment lines, there is a red-hot market for the folks who cater to the mom and pop investors the retail– Reuters - 646 words
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Article, Illustration565 2009-02-12 15 NYT [DETROIT] After General Motors won a US$l3.4 billion lifeline from the Treasury Department in December, it focused on meeting a deadline, set for next Tuesday, to produce a plan to show it will be a viable business over theNYT; AFP - 565 words
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510 2009-02-12 15 cuiu; AFP European car market may slump 20% in '09, it says [PARIS] French auto firm PSA Peugeot Citroen yesterday announced a huge loss and said it would reduce its workforce by about 11,000, warning that the European car market could. / ± cuiu; AFP - 510 words
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AVIATION
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Article, Illustration493 2009-02-12 16 YEN SREENIVASAN - YEN SREENIVASAN Travellers expected to switch to cheaper tickets, weak rivals will be edged out By i tin mrouience oaiiermg the aviation sector will throw up growth opportunities for low-cost carriers (LCCs) as budget-conscious travellers switch to cheaper tickets and weak operators with limitedAP - 493 words
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354 2009-02-12 16 AFP [BANGALORE] South Asia's biggest airshow opened here yesterday with firms from 25 countries showcasing their latest hardware in a chase for multibillion-dol-lar contracts with the Indian military. Despite the global economic downturn, nearly 600 armament and aerospace companies half of themAFP - 354 words
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298 2009-02-12 16 -AP [ATLANTA] Alaska Airlines is questioning Virgin America's ownership status, asking the government to determine whether the fledgling airline continues to meet the qualifications for being a US air carrier. Burlingame, Californiabased Virgin America, which launched in 2007, has said it is a-AP - 298 words
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275 2009-02-12 16 Bloomberg [DALLAS] US air travel demand, battered by declines in business and consumer spending, probably won't rebound until at least the first half of 2010, according to an investor survey by ÜBS Securities. "The area of most concern currently isBloomberg - 275 words
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474 2009-02-12 16 PAULINE NG - PAULINE NG BY. in Kuala Lumpur IF Malaysians were wondering how their airlines would try to fill seats in a slumping economy, a fare war has flared that will give them some insight. Malaysia Airlines (MAS) this week launched a 10-day travel fair,474 words
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Article2458 2009-02-12 16 AIRLINE CODES: AA: Amencao Airlines (AAL), AF: An Fiance (AFR), AI: An India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Pnblic Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brunei Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:2,458 words
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Page 16 Miscellaneous
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Miscellaneous243 2009-02-12 16 CRYPTIC CROSSWORD ACROSS with bone (4) 25 In respect of intelligence at university first-rate (2,3) 6 Deer had fine beard (4) 27 Kept cool when I called eve--26 Form of Buddhism, nothing 7 A competitor, about mi- rybody out (4) more, for Greek philosopher dafternoon, coming (7) 28 Last character243 words
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LOGISTICS/SHIPPING
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Article, Illustration450 2009-02-12 17 VINCENT WEE - VINCENT WEE The firm will focus on healthcare, Pharmaceuticals, oil, gas and aerospace By [SINGAPORE] Global logistics player Panalpina will focus on healthcare, pharmaceuticals, oil and gas and aerospace for growth, and its new facility here will help facilitate this, chief executive450 words
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Article, Illustration556 2009-02-12 17 GREG LOWE - GREG LOWE By in Bangkok PLUMMETING exports saw traffic through Thailand's prime cargo port continue to decline last month, painting a dim picture for the country's shipping industry this year. Experts warn that cargo volumes may decline by up to 25 per cent this556 words
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TRANSPORT STOCKS
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Article100 2009-02-12 17 '000 CH Offshore 0.26 Chuan Hup Hldgs 0.18 Cosco Corp 0.86 CWTLtd 0.33 Ezra Hldgs 0.65 First Ship Lease 0.39 Freight Links unch Grand Banks 0.63 laya Hold Ltd 0.28 KiVentures 0.15 KeppelCorp 4.25 MTQCorp 0.51 NOL 1.20 Pacific Shipping 0.16 Pan-United Corp 0.36 Rickmers Mari 0.40 Samudera Ship100 words
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Article37 2009-02-12 17 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd PDZ Holdings unch 8.55 8.50 2.73 2.45 unch unch unch -0.15 unch -0.06 0.01 unch unch 0 1 192 723 1 0 037 words
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Article12 2009-02-12 17 ■oo 'recious Ship Regional Cont 13.69 7.05 -0.11 ***** unch 530012 words
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Article11 2009-02-12 17 '000 Doil iingamas Cont .18.36 ...0.91 -1.02 1298 -0.08 *****11 words
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Article17 2009-02-12 17 '000 Aboitiz Equity Intl Container Keppel Marine 5.90 11.00 unch -0.20 -0.25 unch 54 879 017 words
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Article23 2009-02-12 17 Evergreen Marine ...13.15 :irst Steamship 35.40 /Van Hai Lines 13.85 t'ang Ming Marine ....9.47 -0.30 0.50 0.05 -0.07 9 14 2 523 words
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Article38 2009-02-12 17 '000 (awasakiHvylnd...171.00 2.00 7275 (awasaki Kisen 390.00 -5.00 5842 Mitsubishi Hvy 312.00 -4.00 ***** Mitsui Eng&Sbldg ..153.00 7.00 6761 Mitsui Osk Lines ....602.00 -6.00 ***** Mippon Express 327.00 -2.00 2446 MipponYusen 490.00 -16.00 8061 iource: Thomson Reuters38 words
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Article, Illustration221 2009-02-12 17 [SEOUL] Daewoo Logistics Corp, a South Korean logistics, shipping and resource development company, may delay a US$6 billion Madagascar project to grow corn and palm oil because of slumping commodity prices and political instability. "It's likely the project may be delayed because of221 words
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424 2009-02-12 17 Bloomberg [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, extended its longest advance since May 2007 on demand to ship iron ore to China. Inventories of the steelmaking ingredient at China's main ports grew 7 per centBloomberg - 424 words
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422 2009-02-12 17 Reuters [TOKYO] Delegates at the United Nation's shipping agency will likely agree at a meeting in March that it is mandatory for flagship countries to check how energy efficient a new ship is, the chairman of the meeting said on Monday.Reuters - 422 words
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382 2009-02-12 17 [KUALA LUMPUR] Port Klang's container throughput is expected to contract 10 per cent this year, from 12 per cent growth in 2008, as the global economic crisis hits the country's imports and exports, says a report in Malaysia's Business Times (MBT) yesterday. Port Klang,382 words
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Page 17 Advertisements
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EDITORIAL & OPINION
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Article492 2009-02-12 18 LONG-TERM portfolios are taking a severe hit from the ongoing bear market. The deep wound that the crisis has inflicted is one where the standard platitude "stay invested" fails miserably to assuage. As a disastrous 2008 pulls even 10-year returns into the red, investors will492 words
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Article, Illustration1219 2009-02-12 18 HONG CHIU WU - CHIU WU HONG Budget has unveiled innovative remedies and clear steps to help viable firms stay afloat By SIZE does matter, especially during a crisis as severe as the current credit crunch. In recent months, Singapore has witnessed a sharp decline in exports andYEN MENG JIIN - 1,219 words
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Article, Illustration840 2009-02-12 18 ANTHONY ROWLEY - ANTHONY ROWLEY THE BOTTOM LINE AT a time when just about everything is crashing about our ears output, employment and investment it was interesting to hear a group of financial luminaries gathered in Tokyo this week congratulating themselves on the fact that the Asian840 words
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Article, Illustration1204 2009-02-12 19 NA BOON CHONG and - Top execs pay: going beyond risk and reward NA BOON CHONG and It's important to make sure executives share losses as well as gains By GRACE WU ZHONGHUA EXECUTIVE compensation has again become a hot topic after most Wall Street firms suffered significant losses and governments around the world injectedAP - 1,204 words
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Article, Illustration861 2009-02-12 19 MATTHEW LYNN - MATTHEW LYNN Bloomberg By PAY levels in the banking industry are falling faster than snowflakes in winter. US President Barack Obama wants executives at state-rescued banks to get no more than USSSOO,OOO. UK Chancellor of the Exchequer Alistair Darling has promised anBloomberg; r | AFP - 861 words
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SINGAPORE STOCKS
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Article8637 2009-02-12 20 Transaction date: Feb 11 High Low Code Company Sale C000) High Low Buyer Seller C'vr •k P/E Smil 9 3 3148 8Telecom 12.5 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 30.5 12 5000 ABRHIdgs 19 6 1938 AEICorp 10 1 1100 AEM 26 7 2101 APOil8,637 words
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Article1812 2009-02-12 21 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer1,812 words
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Article70 2009-02-12 21 52-Wk Tel High Low Code Last Sale Vol COOO) Day 111 Low Last Quote Buyer Seller Div GrYld Net MCap C'yr P/E $mil Com _Hm ***** ***** 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS 335 15870 words
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Article77 2009-02-12 21 52-Wk Tel High Low Code Last Sale Vol C000] Day Last Quote |h Low Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi >an' Hii 88 30 6000 AVJennings 12 4 6134 Over&Gen 27 6 6017 StarCruises 248 104 6019 TanChonglnt A30 A8 US8 HK107 -3 unch77 words
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Article8895 2009-02-12 21 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.421/ AIGIF Spore Bond Fund/A 1.195/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.64/ APS Alpha Fund (USD)!** 0.43/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5597/ APS Komaba Global8,895 words
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Page 20 Advertisements
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Advertisement26 2009-02-12 20 Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED. gB& ijtejj H 341 River Valley Road #01-01 Singapore *****2. Tel: 6238 6678 Fax: 6238 6676. f^^^^^B26 words
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FINANCE & COMMODITIES
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366 2009-02-12 22 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Feb10 World Index Preliminan 636.2 -2.6 -6.1 -2.5 -3.7 -2.8 -7.3 EAFE Preliminai 609.7 -1.7 -6.1 -1.8 -5.1 -2.1 -8.7 Eun Preliminan 866.1 -2.4 -5.0366 words
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Article133 2009-02-12 22 A. s 9am Feb v Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9810 1.0130 Can dollar 1.2060 1.2200 Euro 1.9350 1.9570 NZ dollar 0.7860 0.8040 iterlini ind 2.1800 2.2061 US dollar 1.4970 1.5140 Local dollars to 100 units of foreign133 words
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Article171 2009-02-12 22 Feb 11 Overnight 1/16 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 0.03 US$ Offer par 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.40 0.60 1.10 1.50 1.85 2.30 2.40 Offer 0.30 0.50 0.80 1.10 1.55171 words
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Article25 2009-02-12 22 Feb 11 ten Jii Sett >TI ilMSCI Feb 200 207.5 207.5 'aiwan Feb 168 175 174.0 Source: MF Global (S) He. Ltd25 words
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Article21 2009-02-12 22 Feb 11 Bid Offer 1-month 1.5067 1.5081 2-months 1.5061 1.5077 3-months 1.5054 1.5071 6-months 1.5044 1.5062 Source: OCBC21 words
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Article162 2009-02-12 22 Febn tUBBER Futures (Closing prices) !SS 3 (US cents/kg) /lonth High Low Close Sett Volume (lots) O/l lots) War 09 148.0 \prO9 151.0 Way 09 lunO9 ul 09 \ug 09 148.0 151.0 148.0 151.0 151.0 151.0 151.0 151.0 29 20 616 1055 886 963 522 254 FSR 20162 words
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Article88 2009-02-12 22 Feb 11 'eriod Issue code Maturity Yesterday's Bid Hi< Day's |h Low 1-Month BQ*****H 14.05.09 -Year BY*****V 02.11.09 0.27 0.35 3OVERNMENT BONDS >eriod Issue Coupon Maturity code rate Close Bid Hio Day's cjh Low !-Year N*****0E 3.125 i-Year NX*****Z 2.250 '-Year N*****0S 2.875 0-Year NY*****A 4.000 5-Year NY*****X88 words
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Article101 2009-02-12 22 Feb 10 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Mar 09 994.00 1002.00 1010.00 982.00 May 09 1000.25 1007.50 1015.75 988.75 Jul 09 1007.25 1014.50 1022.75 995.75 AugO9 998.00 1004.00 1008.00 989.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 09 33.64 34.23 34.56 33.55 May101 words
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Article76 2009-02-12 22 CRUDE OIL PRODUCTS Fe b w origin^ t/barrel Close Cham irent blend (1-Mth F) 47.72 -1.42 WTI (Near Mth) 37.87 -1.99 iubai (1-Mth F) 46.22 -0.08 "apis blend 50.00 0.95 i/linas 46.60 0.80 >RODUCT JS$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 45.90 55.45 -1.82 2.55 US$/barrel )pec Oil Basket76 words
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Article445 2009-02-12 22 n iuro 'en (on 'eso lam 'ouni Australia 0.814 4.476 0.507 5.077 31.926 77.350 0.590 9.140 2.364 1.249 52.010 30.802 0.987 6.474 0.759 22.262 22.949 0.455 0.655 Canada 1.229 5.501 0.623 6.239 39.235 95.058 0.725 11.232 2.905 1.535 63.917 37.854 1.213 7.956 0.933 27.358 28.203 0.559 0.805445 words
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Article65 2009-02-12 22 Feb 11 mth 0.***** 0.***** mths 0.***** 0.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** mths 1.***** 0.***** mths 1.***** 0.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 1.***** 5yrs 1.***** 7yrs 2.***** 10yrs 2.***** 12 yrs 2.***** 15yrs 2.***** mths 1.*****65 words
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Article154 2009-02-12 22 Feb 11 Against SS lurrencies Bid Offer Against USS Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 0.9869 0.9879 0.6549 0.6550 Canadian dollar 1.2126 1.2142 0.8047 0.8051 iuro 1.9477 1.9498 1.2925 1.2928 IZ dollar 0.7898 0.7914 0.5241 0.5247 aterlini ind 2.1708 2.1735 1.4406 1.4411154 words
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Article145 2009-02-12 22 Feb 11 iOLD (USS/oz) Feb 11 Feb 10 (S» Sellini Bui -long K< .ondon Cong i 915.10 893.10 916.10 894.10 Feb 10 Feb 09 911.70 896.90 913.70 898.50 Source: Thomson Reuters SHI —J--: 1 oz 1536.52 1381 UBS GOLD LUNAR KINEBAR (S$) Selling Biiyini 10gm $538.12 44 SILVER145 words
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Article64 2009-02-12 22 Feb 10 minimum, 99.7 jrity (USS/tonne) Co Close Previous :ash 1363.00 months 1399.00 1409.75 1445.00 Copper, Grade A (USS/tonne) Cash months 3447.00 3485.00 3544.25 3580.00 .ead (USS/tonne) :ash 1140.75 months 1150.00 1189.25 1199.00 lickel (USS/tonne) Cash months *****.00 *****.01 *****.00 *****.01 'in (USS/tonne) :ash *****.00 *****.01 months *****.0064 words
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Article70 2009-02-12 22 Feb 10 (£/tonne) Close Prev Hii ih/Low v1ar09 2718 1963 2828/2700 vlay 09 2707 1939 2820/2685 lul 09 2700 1933 2808/2692 iep09 2685 1926 2797/2679 IOFFEE (USS/tonne) Close Pev High/Low /lar 09 1608 1655 1658/1603 /lay 09 1622 1668 1668/1616 UGAR (US tonne) l/hite Close Prev High/Low lar 0970 words
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Article2271 2009-02-12 22 BONDS WARRANTS Tel Code Company Prem Expiry Tel Last Vol Conv Exer Disc Gear- Mths Code Company Sale +or- ('000) Ratio Price ing Left DBS MBL ECW*****3 1.5 DBS MBL ECW*****1 3.5 unch 200 DBS MBL ECW*****2 16 0.5 405 0.2 1405 0.2 991 0.2 845 1 2 2 Singapore2,271 words
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Article61 2009-02-12 22 Feb 11 Delivery Month Opening Sett Av Range Price Price Low Vol Open Done Position Hii Feb 09 2033 2045 2045 2030 364 1558 Mar 09 1970 1999 1983 1941 732 ***** Apr09 1940 1969 1967 1916 ***** ***** May 09 1930 1962 1958 1910 4321 ***** Total61 words
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Article271 2009-02-12 22 Feb 11 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar09 Jun09 Sep09 Dec09 98.8350 98.8200 98.8200 98.5450 ***** 4313 4353 1977 EUROYEN TIBOR FUTURES Mar09 Jun09 99.450 99.450 Sep09 Dec09 Mar10 Jun10 Sep10 DedO 99.450 99.355 99.455 99.520 99.520 99.480 99.420 99.360 99.315 252 150 20271 words
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Page 23 Advertisements
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Advertisement3569 2009-02-12 23 m The Business Times Shipping Times A H^^nppH JBJfflfflffflHH^ 888 WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M p^^ i^^^v^ I lT^%"^l\ lAf ALI l_l A I I ILIPf TEL *****588 (14 LINES) FAX: *****163 i^T^™ 1 Wff^ffWHBSWHPB WB^aSfISISIISnS^SISSU I V\^| WAN HAI INtj PKL TEL: <03) *****58S FAX: {03|3,569 words
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Page 24 Advertisements
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Advertisement4918 2009-02-12 24 PI B Ifffi EASTERN CAR LINER, LTD ll^^UjjyjKjyLJM BI^I^M IV s^__ l SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS U| ||^y^|U^^^| llUttUU^^l B TOY I Romp(KT) I Lillinq(KT) I MUA I SIN I PKL IKB I )KT I SUR I Hiu^jJtUi^KLilidLiiliJJtß PCL/PHL SERVICE AMX SERVICE Connecting CL Svc via4,918 words
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BizIT
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Article, Illustration1038 2009-02-12 25 Survey shows consumers spent $850 m on electronic goods in '08, reports AMIT ROY CHOUDHURY DESPITE the worrying economic news that clouded much of last year, there was hardly any let-up in the buying habits of technolo-gy-savvy Singaporeans who were on7 | REUTERS - 1,038 words
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264 2009-02-12 25 Xinhua [SAN FRANCISCO] Google said on Tuesday that its engineers have developed a software tool that can help consumers save energy and cut electricity bills. Called Power Meter, the tool enables consumers to receive their home electricity consumption information almost in real timeXinhua - 264 words
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517 2009-02-12 25 ONG BOON KIAT - ONG BOON KIAT By DISPLACED job seekers and mid-career professionals with aspirations of working in the creative and media industry can look forward to a number of heavi-ly-subsidised training programmes by the Singapore Workforce Development Agency (WDA). The government agency yesterday flagged off517 words
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Page 25 Advertisements
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Advertisement420 2009-02-12 25 a* iII SiTF 2009 ICT w f|n <\T\ 4i** Business Outlook Forum Lianhe Zaobao I ICT Business in a Flat World: Opportunities and Priorities [^^nB Date 18 February 2009 Time 8.30 am 2.00pm Venue Raffles City Convention Centre mVIIVISMIM' H*loillllf WMI o^-of-HpnoMr What to expect? RADM(NS) Ronnie Tay Fincl out420 words
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PROPERTY
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Article, Illustration435 2009-02-12 26 Bloomberg Malaise in property market offers firm opportunity to build up land bank [HONG KONG] Hang Lung Properties Ltd, Hong Kong's fourth-largest developer by market value, plans to invest HK$l3 billion (552.5 billion) in projects in China in the next three years,Bloomberg - 435 words
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248 2009-02-12 26 AFP [SHANGHAI] Developers have put two Shanghai luxury hotel projects on hold as demand for five-star hotels plummets due to the global economic crisis, Chinese media said yesterday. The Jumeirah Han Tang Xintiandi Hotel, managed by the Dubai-based hotel chain Jumeirah Group, and theAFP - 248 words
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Article, Illustration301 2009-02-12 26 Bloomberg [HONG KONG] Hong Kong prime office rents may fall a further 26 per cent this year as the global financial crisis prompts banks and investment companies to control spending, according to property agency Colliers International. "The prime office market is predicted toBloomberg; AFP - 301 words
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246 2009-02-12 26 Reuters China Overseas Land meets 2008 sales target, sees brisk take-up in Jan [HONG KONG] China Overseas Land, the largest Hong Kong-listed mainland property developer, said it met its target for property sales in 2008, while January sales were boosted by strong demand in centralReuters - 246 words
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Article, Illustration780 2009-02-12 27 Bloomberg Fastest increase in 9 years fuelled by government handouts, rate cuts [SYDNEY] Australian home-loan approvals rose in December by the most in almost nine years as government handouts and the biggest round of inter-est-rate cuts in almost two decades spurred first-home buyers. The number– Bloomberg; BLOOMBERG - 780 words
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Article, Illustration354 2009-02-12 27 Reuters [LONDON] UK property firm Shaftesbury said yesterday that shops and restaurants in its London portfolio continue to trade well despite the economic downturn, but warned of rising vacancies and falling rents in its offices. "The general economic environment remains challenging andReuters; BLOOMBERG - 354 words
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181 2009-02-12 27 Reuters [LONDON] UK commercial property prices fell 3.5 per cent in January, continuing their decline after the market fell 26.8 per cent in 2008, the world's biggest property broker CB Richard Ellis (CBRE) said on Tuesday. While January's fall in value was not as sharp– Reuters - 181 words
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175 2009-02-12 27 Reuters [LONDON] Real estate consultancy DTZ Holdings said on Tuesday that it had hired two senior executives from British bank Barclays Pic in a bid to boost its management and operations. Bob Rickert, Barclays' chief information officer of Global Retail and Commercial Banking,_ Reuters - 175 words
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Article, Illustration508 2009-02-12 28 EMILYN YAP - EMILYN YAP But termination of ready-built factory space surprises with 30% fall By NET take-up of industrial space fell again in Q4 2008 for industrial landlord JTC Corporation, as the downturn continued to weigh on businesses. JTC's 2008 facilities report released: JTC - 508 words
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258 2009-02-12 28 Bloomberg [EDINBURGH] Global real estate spending on office buildings, stores and apartments may fall another 5.3 per cent this year to US$4l2 billion as lenders keep a tight rein on credit, property broker Cushman Wakefield Inc said. Lack of credit pushed commercial propertyBloomberg - 258 words
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139 2009-02-12 28 Reuters [NEW YORK] CB Richard Ellis Group Inc, one of the world's largest commercial real estate services firms, said that its quarterly net income fell 94.7 per cent, but it beat Wall Street's outlook, sending its shares up 11 per cent. Fourth-quarter netReuters - 139 words
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Advertisement109 2009-02-12 26 Immediate Performance. Long Term Potential Prestigious Collins Street Investment Wm/// ifiik *^^l 350 Collins Street, Melbourne, J&&& Victoria, Australia Central Collins Street position fiX x f^s Strong cash flow lfy**2ms*fs'fr^ roac' s Pread of tenants and leases I r'iw* fit Potential for rental growth srf) Sl^fl H] Total building area109 words
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Advertisement90 2009-02-12 26 TUNZ yOUR RAP/O TO V» Sk T ll lE# «L THE HEARTBEAT OF THE INDIAN COMMUNITY I UUN I O THE SON HAS n RJgEN «'-_Az /Ism R^eUm BESTMUSDC OMiy ON I Rahul Gandhi emerges as f\{£ fbw**&L CD the man to watch in the BJI «t H W Indian90 words
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Advertisement64 2009-02-12 27 Dl 5, Freehold, Residential Zoning 2 storey pre-war detached house Gross Plot Ratio 1.4 Land area 3300 sqf (approx) Suits Rebuilt/A&A For more information, contact (~Xy'£j'Z^'jyp t I f*f* Boon Seng 9760 7757 K-J1 dIIgCJ.CC For Lease Office: 301 tolsB2sqft Shop: 4553 sqft with water Next to Shaw House/ Isetan64 words
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Advertisement102 2009-02-12 27 n^MJ: LHhill.'.H4i],'il', 'jjijl: 22HI^ New Service Office Beach Rd with Pool Gym 6,000 12,000sqft. 6 Sty Building South Bridge Rd 12,0Q0sqft. Mearby Raffles MRT. 6 Sty Building Middle Rd 10,000sqft. Nearby Suntec City. 5 Sty Building Cecil St 10,000 20 000sqft. Nearby Raffles MRT. 9 Sty Corporate Building Macpherson Rd-102 words
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Advertisement1509 2009-02-12 27 V#^L k ATV^VT'T^T-' r< Toll free: 1800-289-8822 W IVIII Iff U( V Email: notices@sph.com.sg X^l V^>/ J. I v i I i l 1 www.cats.com.sg >- X fc KSH HOLDINGS LIMITED iJ^T^^T^ (Incorporated in the Republic of Singapore on 9 March 2006) J^ALJ (Company Registration No. *****3337G) NOTICE OF EXTRAORDINARY1,509 words
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Advertisement1331 2009-02-12 28 A A fl A *ll I broughttovajbySFHNewMedkPteLtd HOW TO ZAP: Download software by SMS-ing the word "zap" to *****. Zap the 11 colour code found in the Savills advertisement. GPRS data traffic charges apply. gj tit Att uc Call 1800-354-4868 (office hours) for help. Terms conditions apply. I I savills1,331 words
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