The Business Times, 13 February 2009

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Microfilm: NL29654
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Friday, February 13,2009
    22 words
  • Article
    Lock icon Weak brands may stall following COE quota cut
    896 1  -  SAMUEL EE 24% reduction may see premiums rise; this could hurt cheaper cars while popular ones cruise [SINGAPORE] The new sharply reduced COE quota could lead to a shakeout in the motor industry and drive some brands off the road, say distributors.
    896 words
  • Article
    Lock icon Internet stars shine on S'pore digital research facility
    400 1  -  CHEN HUIFEN US partner's alumni include the likes of You Tube founders By [SINGAPORE] The University of Illinois at Urba-na-Champaign has partnered A*Star to set up a US$5O million digital science facility here. The Advanced Digital Sciences Centre (ADSC) is the American
    400 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      46 1 lursi lay lange 1 COMP 894.60 -2.47 IIKKEI225 7,705.36 -240.58 1ANG SENG 13,228.30 -310.91 ;et index 440.63 -3.47 JAKARTA COMP 1,325.42 +0.60 1ANILA COMP 1,924.10 +26.35 ;eoulcomp 1,179.84 -10.34 ;henzhenb 316.52 -1.24 IUMBAI IND 9,465.83 -152.71 11AM EST Cham )OW 7,791.71 -147.82 IASDAQ 1,518.21 -12.29
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    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.91 HONG KONG 5.00 INDONESIA 16.921 TAIWAN 4.826 JAPAN 1.475 KOREA 9.33 BRITAIN 1.00 US 3.25 CANADA 3.00 SWITZERLAND 0.52 INDIA 13.00 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      42 1 IS$ (S$ per US$) 1.508 (US$/S$ per 1.433 2.162 :URO (US$/S$/E) 1.293 1.950 Foreign currency per US$ S$ 'EN 90.10 59.70 3.610 2.393 IK$ 7.752 5.140 !AHT 35.15 23.30 lUPIAH 11,817 7,836 1ENMINBI 6.833 4.531 INDIAN RUPEE 48.73 32.31 1.525 1.011
      42 words
  • Article, Illustration
    Lock icon Untitled
    31 1 The question is not whether the government is playing a bigger role but whether it is playing the right role. J NTUC chief Lim Swee Say in The Raffles Conversation tomorrow
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      63 1 SLUMDOG FINANCIAL CRISIS GRAMMY CDs mw tj Am MILLIONAIRE PWtJiy^ Why so different, Anatomy of a Who's worthy, fl^*?!li N The feel-good factor so severe? global downturn who's not? IPf^m flr PAGE 28 /I 7 PAGE 19 PAGE 16 PAGE 29 A RECESSION SHOPPING How luxury brands are coping US
      63 words
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  • TOP STORIES
    • Article
      Lock icon Tata Communications to set up USslBom data centre here
      544 2  -  AMIT ROY CHOUDHURY The facility is being developed together with Mapletree Industrial Fund [SINGAPORE] Tata Communications, the telco arm of the U5562.5-billion Tata Group, announced yesterday that it was setting up a state-of-the-art data centre in Singapore at a cost of
      544 words
    • Article, Illustration
      Lock icon Swiss Re ousts CEO after shares plunge on record losses
      632 2 PHOTOS: AP Bloomberg [ZURICH] Swiss Reinsurance Co ousted chief executive officer Jacques Aigrain after record losses wiped out more than a third of its market value in a week and forced the second-biggest reinsurer to turn to Warren Buffett for
      PHOTOS: AP; Bloomberg  -  632 words
    • Article
      Lock icon Former MD of chip recycler slapped with 14 years' jail
      415 2  -  JAMIE LEE Ang Ah Peng ran a massive scam at EC-Asia International [SINGAPORE] He was the boss of a now delisted company but for six years, Ang Ah Peng bought and sold memory chips that were of no use just
      415 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Weak brands may stall following COE quota cut
        82 2 THE new sharply reduced COE quota could lead to a shakeout in the motor industry and drive some brands off the road, say distributors. But they add that it could also make some marques stronger. The annual quota of Certificates of Entitlement
        82 words
      • Article
        Lock icon Internet stars shine on S'pore digital research facility
        60 2 THE University of Illinois at Urbana-Champaign has partnered A*Star to set up a US$5O million digital science facility here. The Advanced Digital Sciences Centre is the American institution's first research outfit outside the US and serves as an extension of its top-ranked
        60 words
      • Article
        Lock icon Tata Communications to set up US$180m data centre here
        64 2 TATA Communications, the telco arm of the Tata Group, announced yesterday it was setting up a state-of-the-art data centre in Singapore at a cost of US$lBO million. It also announced the completion of the main segment of the US$25O miUion, 3.8
        64 words
      • Article
        Lock icon Wall St bank chiefs get Congress grilling
        73 2 WALL Street bank executives submitted to a public scolding in the US Congress on Wednesday over how they used US$l76 billion in bailout money without making a noticeable impact on the anaemic economy. But Bank of America Corp, JPMorgan Chase Co and Morgan
        73 words
      • Article
        Lock icon US retail sales rebound in January
        60 2 SALES at US retailers rebounded in January, government data showed yesterday, likely boosted by post-holiday discounts and providing a rare glimmer of hope for the recession-hit economy. But the upward trend in sales could prove unsustainable as companies, reeling from a year-long recession continue
        60 words
      • Article
        Lock icon Sing Land, UIC post full-year losses
        78 2 SINGAPORE Land and its parent United Industrial Corporation yesterday posted full-year losses on the back of fair value losses on investment properties. Singapore Land reported a $117.4 million group net loss for the year ended Dec 31, 2008, taking into account a $319.7 million
        78 words
      • Article
        Lock icon ComfortDelGro's full-year profit falls 10% to $200 m
        80 2 HIGHER operating expenses put the brakes on ComfortDelGro's net profit for the full year ended Dec 31, 2008, causing it to fall 10.3 per cent to $200.1 million, even as revenue grew 3.6 per cent to $3.13 billion. The land transport giant
        80 words
      • Article
        Lock icon IE Singapore facilitates $4.2b loans for exporters
        63 2 THERE is good news for Singapore exporters squeezed by the credit crunch. International Enterprise Singapore is making it easier through three schemes for Singapore companies to raise $4.2 billion in loans, which the trade promotion agency estimates can spin off $14.4 billion of
        63 words
      • Article
        Lock icon Malaysia's Q4 exports fall 18.3%
        88 2 MALAYSIA'S exports shrank 18.3 per cent in the fourth quarter of 2008, with December the weakest month as the collapse in global trade continued to take a toll. Shipments that month totalled RM46 billion (5519.2 billion) a drop of almost 15 per cent year on
        88 words
      • Article
        Lock icon Chinalco to pump US$19.5b into Rio Tinto
        74 2 CHINESE state-owned aluminium group Chinalco will invest US$l9.5 billion in miner Rio Tinto in a deal that will secure resource supplies for China and help cut Rio's debts, but also raise regulatory scrutiny. As part of the biggest overseas investment by a Chinese
        74 words
    • Article, Illustration
      Lock icon Wall St bank chiefs get a grilling
      810 4 Reuters, NYT Bloomberg 'I want to know where the money has gone/ Pennsylvania Representative Paul Kanjorski I didn't receive a year-end bonus.' John Mack, Morgan Stanley chairman and CEO 'At your level, why do you need bonuses?' Barney Frank, chairman of the House
      – Reuters, NYT Bloomberg; REUTERS  -  810 words
    • Article
      Lock icon Pandit gets the 'new reality', pays himself US$1
      395 4 Bloomberg [WASHINGTON] Citigroup chief executive officer Vikram Pandit said he will take a salary of US$l and no bonus until the bank, which has accepted US$45 billion in government bailout money, returns to profitability. "I get the new reality and I will
      Bloomberg  -  395 words
    • Article
      Lock icon Retail sales rebound in January
      419 4 Reuters LATEST US DATA It was the biggest rise since November 2007 [WASHINGTON] Sales at US retailers rebounded in January, government data showed yesterday, likely boosted by post-holiday discounts and providing a rare glimmer of hope for the re-cession-hit economy. But the upward trend in
      Reuters  -  419 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      186 2 JEWELLERY AUCTION Over 5 Million Dollar Jewellery Inventory MUST BE LIQUIDATED! This property shall be offered at this one day auction. Items obtained from govt. auctions plus the addition of goods which constitute the majority. J^^m. Diamond Studs WmJ ;<?€#" mi f**£ < Center *§Siie c™, a yniM Tanzanite 68.59ct.
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    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      39 2 LXUrnd the ones hn UrJ THAT FIT! rf J Recruit the right people P^^ through CATS Recruit. i-—? —"1 A g=A Call 1800 289 8822 or email 1 recruit@sph.com.sg f V_y to advertise. r^J V^ fyj {\^S\ RECRUIT l±\
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      123 3 jl\ Ixl jfc\ SHlFT_the way you move NISSAN J Authorised Dealers: Auto Mega Trading Re Ltd 300 Tampines Avenue 5, #01 -01, NTUC Income Tampines v J^ j an Qhong Motor Sales Pte Ltd Showrooms: Junction. Tel: 6787 2882 Hong Heng Co Re Ltd 33 Sembawang Road, #01-01/02. Tel: 6452
      123 words
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      200 4 The Great Way To Live THEODOREALEXANDER® DESIGNERS MAKERS OF FINE FURNITURE Theodore Alexander is one of the leading manufacturers of fine furniture, with comprehensive collections of several thousand different designs; providing eclectic, traditional and transitional furniture and accessories to its clients. Using fine materials and traditional craftsmanship on each individual
      200 words
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  • COMPANY NEWS
    • Article
      Lock icon Seeking a reprieve from 'death warrants'
      642 5  -  R SIVANITHY WHEN the structured warrant segment first sparked to life some four years ago, there were high hopes that it might one day rival Hong Kong's in terms of sophistication, depth and breadth. And, to be sure, the signs were encouraging volume rose
      642 words
    • Article
      Lock icon Stamford Land's Perth tower pre-leased
      197 5 SHIPPING magnate CX Ow's Stamford Land Corporation Ltd has pre-leased an office tower in Perth to a subsidiary of Chevron Corporation. Chevron's 10-year lease is for all of the office space, plus the ground-floor retail area and all 34 basement carpark spaces in Dynons Plaza.
      197 words
    • Article, Illustration
      Lock icon SingLand, UIC report full-year losses for '08
      549 5  -  KALPANA RASHIWALA Their losses come on the back of fair-value losses on investment properties By SINGAPORE Land and its parent United Industrial Corporation (UIC) yesterday posted full-year losses on the back of fairvalue losses on investment properties. Singapore Land reported a $117.4 million
      549 words
    • Article
      Lock icon ComfortDelGro's full-year profit falls 10% to $200m
      576 7  -  SAMUEL EE The land transport firm says operating profit slipped 17% to $278 m By HIGHER operating expenses put the brakes on ComfortDelGro's net profit for the full year ended Dec 31, 2008, causing it to fall 10.3 per cent to $200.1 million,
      576 words
    • Article
      Lock icon Dayen cancels another fund-raising bid
      439 7  -  JAMIE LEE By DAYEN Environmental, which in September last year terminated a proposed $50 million issue of convertible notes, has now aborted another fund-raising attempt. The water-treatment company said on Wednesday that it has cancelled its proposed one-for-one rights issue of warrants to raise net
      439 words
    • Article, Illustration
      Lock icon Japan Foods launches IPO at 20 cents apiece
      426 7  -  OH BOON PING By JAPAN Foods, which runs the chain of Ajisen Ramen outlets here, has launched its initial public offering (IPO) for a Catalist listing. The IPO comprises 13.5 million placement shares at 20 cents each. CIMB-GK Securities is the sponsor
      ARTHUR LEE  -  426 words
    • Article, Illustration
      Lock icon Olam Q2 profit lifted by bond redemption
      502 8  -  CHEW XIANG Earnings jump 173% to $103.4 m, with $55.9 m gain from buyback of bonds By OLAM International yesterday reported net profit of *****.4 million for the second quarter to Dec 31, 2008, up 173 per cent from the preceding financial year's
      502 words
    • Article, Illustration
      Lock icon Eu Van Sang earnings surge 13% in Q2
      550 8  -  JOYCE HOOI By EU Van Sang International's net profit climbed 13 per cent for the second quarter of its fiscal year from a year ago despite losses from discontinued operations. The mainboard-listed traditional Chinese medicine (TCM) retailer and wholesaler reported an increase
      FILE PHOTO  -  550 words
    • Article
      Lock icon Karin half-year profit slips 36%
      296 8  -  ZEINAB YUSUF By KARIN Technology, despite reporting a 35.8 per cent year-on-year fall in net profit to HK523.34 million (554.53 million) for the half yearendedDec3l,2ooB,is still optimistic about the company's ability to weather the economic tsunami. Revenue was HK5902.8 million, 0.6 per cent lower, while
      296 words
    • Article
      Lock icon Invest in sound companies with strong balance sheets: Aberdeen
      261 8  -  EMILYN YAP By THIS is not the time for passive investing in indices investors should pick wellmanaged companies with strong balance sheets so that returns can be reaped, Aberdeen Asset Management Asia said yesterday. The firm had US$34 billion of assets
      261 words
    • Article
      Lock icon SPH's Rednano wins Fast award
      197 8 LOCAL search and directory engine rednano.sg, produced by SPH Search, was presented with the Digital Market Award by Fast Search and Transfer, a subsidiary of Microsoft and a leading provider of search technologies at its annual conference, "Fast Forward 09", held in Las Vegas from
      197 words
    • Article
      Lock icon Yellow Pages Q3 earnings up 9.9% despite revenue dip
      353 8  -  LIEWAIQING By YELLOW Pages yesterday announced a 9.9 per cent rise in net profit to $23.6 million for the third quarter ended December 2008, from a restated $21.5 million for the previous corresponding period. The higher earnings for Yellow Pages, Singapore's
      353 words
    • Article
      Lock icon Long-term corporate bonds present better reward for risk
      390 8  -  OH BOON PING By CORPORATE bond prices are now at unprecedented lows, but investors who adopt a tactical tilt towards quality issues may stand to benefit when the economy recovers. On Wednesday, Ipac Singapore's Roy Varghese told a conference that market distortions
      390 words
    • Article
      Lock icon FJB Q2 profit dives as recession takes its toll
      393 8  -  ARTHUR SIM Spore business hit the most; retailer seeks lower rentals By FJ BENJAMIN (FJB) has reported a net profit of $611,000 for the second quarter ended Dec 31, 2008 a fall of 93 per cent from $8.4 million a year
      393 words
    • COMPANY BRIEFS
      • Article
        Lock icon WBL Q1 profit falls 93.3% to $2.7m
        61 8 WBL Corporation has reported a 93.3 per cent fall in net income to $2.7 million for the first quarter ended Dec 31, 2008. Sales eased to $533.7 million, from $546.7 million. Earnings per share slipped to 1.3 cents, from 19.1 cents previously. Other
        61 words
      • Article
        Lock icon Informatics posts $0.42m loss for Q3
        67 8 INFORMATICS Education has reported a net loss of $0.42 million in its third quarter ended Dec 31, 2008, compared with a net profit of $0.03 million a year earlier. Operating revenue dropped 14 per cent to $9.9 million. The weaker pound sterling gave rise
        67 words
      • Article
        Lock icon Sim Lian reports 30% profit fall in Q2
        71 8 SIM Lian Group has reported a 30 per cent year-on-year drop in Q2 net earnings to $9.5 million. Revenue doubled to $161 million, but in tandem with this, contract costs shot up 128 per cent to $138.3 million. For the first half
        71 words
      • Article
        Lock icon Beauty China warns of poorer Q4 results
        64 8 BEAUTY China Holdings said yesterday it may have to make additional provision for impairment of trade receivables in Q4 2008. It said that its financial results for the three months ended Dec 31, 2008 maybe worse than those in Q4 2007. The economic
        64 words
      • Article
        Lock icon Lum Chang Q2 profit falls 66% to $221,000
        60 8 CONSTRUCTION-LINKED Lum Chang Holdings said yesterday that its second-quarter net profit for the period ended Dec 31, 2008 dropped 66 per cent to $221,000, from $646,000 a year earlier. Revenue rose 58 per cent to $57.91 million due to the start of
        60 words
  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      34 5 4flHl 400 international awards and over 100 destinations worldwide. For more details contact Emirates on 6735 3535 or visit 600 North Bridge Road, Parkview Square #11-01, Singapore *****8. Discover frequent flyer benefits at skywards.com
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Selling on fears of Wall Street slump
      601 6  -  R SIVANITHY STOCKS A largely nondescript session ended with the STI 37.01 points down at 1,684.96 EDNESDAY'S admittedly surprise rise in the Straits Times Index (STI) ran out of steam yesterday as the index resumed its close correlation with Hong Kong's Hang Seng
      Bloomberg  -  601 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      91 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 3 7 6 0 0 0 3 7 6 lanufacturing 24 49 46 26 55 51 Commerce 18 15 10 21 17 )t/Stor/Comms 10 14 11 14 :inance 10 23 10 23 Construction 'roperties 10 15
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      109 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 67.068 67.068 40.970 40.970 lanufacturing 196.795 6.362 203.157 114.283 435 114.718 Commerce 58.798 3.793 62.591 57.819 530 58.349 "pt/Stor/Comms 106.548 106.551 129.860 129.860 :i nance 29.522 29.522 196.247 196.247 Construction 12.740 15 12.755 1.018 1.018 'roperties 61.293 61.293 132.385
      109 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      106 6 lapitaLand 2.670 -0.070 lapitaMall 1.310 -0.050 jtyDev 5.400 -0.090 losco Corp 0.870 +0.015 IBS Grp 8.130 -0.160 :&N 2.880 -0.060 ient Intl 0.430 -0.010 iolden Agri 0.305 -0.010 IK Land 2.150 IMH 19.280 -0.680 ISH 10.300 -0.240 lardineC&C 10.100 -0.080 Ceppel Corp 4.160 -0.090 Ceppel Land
      106 words
    • Article
      Lock icon BROKERS' TAKE
      937 6  -  JAMIE LEE Singapore Airlines Febl2 close: $10.44 CITI INVESTMENT RESEARCH, Feb 12 SELL: revenue pressures set to rise in FY2OIO expected (FYIOE), target $8.50. That SlA's Q3 FY2009 results beat consensus is scant consolation for a rapidly deteriorating operating outlook into FYIOE. Hedging losses and book value erosion
      937 words
    • Article, Illustration
      Lock icon Gold clear winner as currencies stumble
      554 6  -  LARRY WEE CURRENCIES A LARGER than expected US trade deficit of US$4O billion for December 2008 didn't faze US stocks in any major way overnight, perhaps because this was accompanied by news that US lawmakers had finally concluded a US$7BO billion package of measures
      Source: Reuters  -  554 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      59 6 Feb 12 VALUE CLOSE IT OB/OS -257.00+15.OC IT CADI -*****.00 -77.0' IT 10-day MA -*****.00 -26.0' TSE ST Mid Cap 342.67 -2.51 TSE ST Small Cap 279.32 -1.0: TSE ST All Share 403.92 -7.4! TSE ST China Top 183.11 -0.8. TSE ST China 179.45 -0.5, IOB Catalist
      59 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 6 VOLUME Golden Agri 63,914,000 Cosco Corp 38,825,000 Capita Land 36,254,000 Chart SemiCond 30,954,000 Gallant 27,841,000 Yanqzijianq 24,563,000 UE R 23,947,000 China Sky 20,954,000 Ezra 20,908,000 Olam 20,310,000 VALUE(S) Capita Land 96,474,080 UOB 86,126,200 DBS Grp 56,967,832 Sing Tel 42,457,340 Cosco Corp 34,511,060 OCBC Bk 31,654,408 Olam 29,613,150
      59 words
    • Article
      Lock icon RISES
      103 6 CLOSE UP 9282 410.0 3.0 LD 10US$ IQB 5.05%NCPS 100 9550 50.0 0. :iMBAsean40 100US$ 487 13.6 1. 'icom 165 11.0 7.1 iBS Bk6% NCPS 10 9710 10.0 0.1 ICBC Bk4.5%NCPS 100 8280 10.0 0.1 ICBCO 5.1%NCPS 100 9290 10.0 0.1 in< )Tel 100 254 10.0 4.1 'e Land
      103 words
    • Article
      Lock icon FALLS
      113 6 BY CENTS CLOSE DOWN 1928-102.5 -3.4 JMH China H 10US$ 953 -52.8 -3.5 S I A 1044 -44.0 -4.0 JSH 1030 -36.2 -2.3 SIA 200 1050 -36.0 -3.3 OCBC Bk5.1%NCPS 100 9270 -30.0 -0.3 OUE 875 -27.0 -3.0 UOB 1104 -20.0 -1.8 DBS Gri 813 -16.0 -1.9 SGX 509
      113 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      87 6 Feb 12 %CHNG CLOSE FR Feb 11 YR 2008/2009 S$ LOW S$ HIGH USS 1.5115 -0.50 1.5346 1.3457 Euro 1.9433 0.27 2.2064 1.8640 Pounds 2.1491 0.82 2.8431 2.0356 AS 0.9819 0.31 1.3251 0.9068 Yen* 1.6794 -0.40 1.7278 1.2619 Rupiah* 0.***** -0.33 0.***** 0.***** Baht* 4.3001 -0.21
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      Lock icon Page 7 Advertisements Column 1
      249 7 Ahmad, Samir Gubiani, Devid Honore Liang, Patrick Schalkwijk, Gerbrandius Al Essa, Haytham Han Mvi Hui Lim Meng Fatt Shiu, Vanessa Cherlyne Marie Bardelli, Marco Harsono, Thomas Ricky Lim Ming Wan, Terence Singh, Amardeep Bohtlingk, Nicolas Herbert Hashmi, Hammad Khurshid Lin Hsin-Kuo, Samuel Singh, Tantarpal Branson, Olivia Ho Jia Jun, Stephen
      249 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Swissport's exit won't close door to others
      680 9  -  YEN SREENIVASAN YESTERDAY IN PARLIAMENT TRANSPORT Govt committed to uphold competition in ground handling market at Changi By THE failure of Swissport in Singapore has not closed the door on a new third ground services operator emerging at Changi Airport, according to Senior
      FILE PHOTO  -  680 words
    • Article
      Lock icon 20% port dues concession and $45m for maritime fund
      372 9  -  VINCENT WEE By THE government is focusing on reducing business costs as well as encouraging new business development in the maritime community to help it cope with the downturn. Senior Parliamentary Secretary for Transport Teo Ser Luck yesterday announced a 20
      372 words
    • Article
      Lock icon More help for Changi Airport shops
      248 9 THE Civil Aviation Authority of Singapore is giving an extra $70 million of help to shops and concessionaires at Changi Airport, whose business has been hit by the aviation slump. The fresh help is on top of a $130 million Air Hub Development Fund
      248 words
    • Article
      Lock icon Strong defence necessary, slump or not
      493 9  -  LEE U-WEN Steady defence budget sends a strong signal: Teo By SECURITY threats do not disappear in an economic downturn. Instead, harsh times bring about greater social and political friction that Singapore must be ready to face at any time. Making this point in
      493 words
    • Article
      Lock icon Employers won't have to pay tax on Jobs Credit
      200 9 EMPLOYERS need not pay tax on the Jobs Credit cash grants they receive for their local workforce. "The Jobs Credit will not be taxable in the hands of the employers," an Inland Revenue Authority of Singapore (IRAS) spokesman con- firmed when
      200 words
    • Article
      Lock icon IE Singapore facilitates $4.2b loans for exporters
      501 10  -  CHUANG PECK MING 2,500 firms likely to gain from three financing schemes this year, it says By THERE is good news for Singapore exporters squeezed by the credit crunch. International Enterprise (IE) Singapore is making it easier through three schemes for Singapore companies
      501 words
    • Article
      Lock icon Income sales up 14% in spite of gloom
      504 10  -  UMA SHANKARI It wants to reclaim top spot in motor insurance business By AT least one financial institution here has emerged stronger because of the global financial and economic turmoil. Insurer NTUC Income said yesterday that it saw sales growth of 14
      504 words
    • Article
      Lock icon NUS, SBF tie up on jobs programme
      251 10 THE National University of Singapore (NUS) has made "Global Talents, Asia's Best" the theme of its career fair this year, reaffirming its commitment to groom such talent. And in a first, the Singapore Business Federation (SBF) and NUS have got together to offer
      251 words
    • Article, Illustration
      Lock icon Alexis at Alexandra pulls in the punters
      505 10  -  LIEWAIQING By PREVIEW sales of the 293-unit Alexis at Alexandra Road started yesterday and developer Fission Group said that at least 50 per cent of the development has been sold at prices ranging from $850 per square foot (psf) to $1,100 psf. The
      1 l_l ARTHUR LEE  -  505 words
    • Article
      Lock icon Jackie Chan donates antique houses
      223 10 FILM star Jackie Chan is donating antique Chinese houses, said to be worth upwards of $100 million, to Singapore's fourth university at Changi, Lianhe Zaobao reported yesterday. Foreign Minister George Yeo said in response that he was "very excited" at the offer, which comes at
      223 words
  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      160 9 THE ALL NEW RENAULT KOLEOS NOW COMES WITH $0 MAINTENANCE FOR THE NEXT 3 YEARS' FROMC7QQQQ v •MKBBBBBbSI j* BlF^^ *-'*^fcJB "T^fc^^ SHBmI 4*^fl hotmmNBBBBMBP*^ 9"^ /■■Bitf'^^^^^^ B^BBBt'te'*^ "0* Jm*T> >#^^fc^TBMl www.koleos.renault.sg 3« M A= S ENJOY TOTAL PEACE 0F MIND WITH RENAULT CARE WHICH PROVIDES YOU WITH 3 YEARS
      160 words
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  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      1458 10 /*^V CEI CONTRACT MANUFACTURING LIMITED m _J1 Company Registration No: *****5114H ANNOUNCEMENT RESULTS The unaudited results of the Group and of the Company for the financial year ended 31 December 2008 are as follows: GROUP 2008 2007 $'000 $'000 Revenue 89,537 88,163 1.6 Cost of sales (66,367) (66,443) (0.1) Gross
      1,458 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Congress set to Dass US$789b Dooster package
      759 11 REUTERS Reuters, NYT Stimulus is split 36% for tax cuts and 64% in spending, other provisions [WASHINGTON] US lawmakers prepared yesterday to pass a US$7B9 billion stimulus package to revive the struggling economy in a victory for President Barack Obama that some warned
      REUTERS; Reuters, NYT  -  759 words
    • Article
      Lock icon S Korea cuts rates to record low of 2%
      492 11 Reuters [SEOUL] South Korea's central bank slashed interest rates for the sixth time in four months to a record low of 2 per cent and suggested further cuts as Asia's fourth-largest economy heads towards its first recession in 11 years. "Further
      – Reuters  -  492 words
    • Article
      Lock icon Geithner grilled again, says he needs time to do it right
      626 11 Bloomberg He wants to rebuild credibility of Treasury's strategy [WASHINGTON] Treasury Secretary Timothy Geithner told Congress he needs time to work out the details of his strategy to shore up the financial industry, a day after stock traders punished
      Bloomberg  -  626 words
    • Article
      Lock icon Deflation looms as Japan wholesale prices fall
      399 11 Reuters [TOKYO] Japanese wholesale prices fell in the year to January, the first such drop in five years, bringing the country closer to its second bout of deflation in a decade. The threat of deflation is particularly strong in Japan, where already-weak domestic
      Reuters  -  399 words
    • Article
      Lock icon Oil industry keen to cooperate on climate issues now
      241 11 -NYT [HOUSTON] Confronted with a sharp change of priorities in Washington, international oil executives are expressing an eagerness to work with President Barack Obama to fashion new policies to tackle global warming. At a conference here this week, the executives struck
      -NYT  -  241 words
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      148 11 B^Lii% WaMf/JLJ? NUS Business School is proud to present an exclusive preview of the NUS Executive MBA Programmes. Join us for an enriching session with our renowned Academics: Session 1: Session 2: Accounting Numbers and the Financial Market: Gaining Brand Leadership Is there a Correlation? Dr Prem Shamdasani Dr Ho
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  • MALAYSIA
    • Article, Illustration
      Lock icon M'sia Q4 exports fall 18.3%
      623 12  -  PAULINE NG For full year, manufactured export growth slows to only 1.8%, hit by collapse of global trade By In Kuala Lumpur MALAYSIA'S exports shrank 18.3 per cent in the fourth quarter of 2008, with December the weakest month as the collapse in global trade
      REUTERS  -  623 words
    • BRIEFLY ASIA
      • Article
        Lock icon Najib to take over as PM on Mar 31: report
        74 12 Reuters [KUALA LUMPUR] Malaysia's Deputy Premier Najib Razak will take over as Prime Minister from Abdullah Ahmad Badawi on March 31, an influential news website reported on Wednesday. Quoting an unnamed source, the Malaysian Insider (www. themalaysianinsider com) said Mr
        Reuters  -  74 words
      • Article
        Lock icon Reliance denies delays
        26 12 [MUMBAI] Responding to a recent Bloomberg report, Reliance Power Ltd has denied that it may face delays in building its largest coal-fired plants.
        26 words
      • Article
        Lock icon ArcelorMittal reports US$2.6b Q4 loss
        62 12 -MT [PARIS] ArcelorMittal, the world's largest steelmaker, reported its first quarterly loss on Wednesday as it wrote down the value of assets because of weaker demand. It lost U552.63 billion in the quarter, its fourth, after charges of US$4.4 billion related to writedowns of inventory
        -MT  -  62 words
      • Article
        Lock icon Tenaga revenue to fall RMl.lb on tariff cut
        74 12 Reuters [KUALA LUMPUR] Malaysia's Tenaga Nasional expects its revenue to fall by RMI.I-1.2 billion (Ss46o-502 million) per year due to new lower tariffs, chief executive officer Che Khalib Mohamad Noh said yesterday. The state-controlled power utility's revenue rose 10.4 per cent to
        Reuters  -  74 words
      • Article
        Lock icon 4-5% growth projected for Indonesia
        64 12 neuters [JAKARTA] Indonesia's economy is expected to grow at 4-5 per cent this year in the face of weaker demand for its commodities, central bank governor Boediono told a parliamentary hearing yesterday. The central bank's forecast is in line with the government's figure, although Mr
        – neuters  -  64 words
      • Article
        Lock icon GM seeks to sell stake in China venture
        91 12 Reuters [DETROIT] General Motors Corp has been in talks with China's SAIC Motor Corp about the possible sale of a share of GM's stake in their joint venture or other assets as the US automaker races to raise cash. GM approached SAIC
        – Reuters  -  91 words
      • Article
        Lock icon M'sia to have second stimulus package
        70 12 Reuters [KUALA LUMPUR] Malaysia's Deputy Prime Minister Najib Razak will table a second economic stimulus package in parliament on March 10 to boost the economy, a newspaper reported yesterday. The second stimulus package, which Mr Najib has called a "mini-budget", will encompass fiscal, monetary
        Reuters  -  70 words
      • Article
        Lock icon Melamine-linked Sanlu goes bankrupt
        60 12 -AP [BEIJING] Sanlu Group, the dairy at the centre of melamine-tainted milk crisis, was declared bankrupt yesterday. Now, a government agency is investigating milk products produced by Mengniu Dairy Group, one of the country's largest dairies and a unit of France's Groupe Danone, for an unapproved
        -AP  -  60 words
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      2845 12 J_^l \^>/ J_ J.^^^ -L l 3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg Hi IN THE MATTER OF IN THE MATTER OF gmS^ THE COMPANIES ACT THE COMPANIES ACT, CAP. 50 J^ (CHAPTER 50) |N THE MA TER 0F AND ROM METAL WORK PTE LTD grenidea Singapore pte <ln M°mb9*
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      21 12 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email I
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Chinalco to pump US$19.5b into Rio Tinto
      664 13 Reuters Deal expected to help cut miner's debts, but also raise regulatory scrutiny [MELBOURNE] Chinese state-owned aluminium group Chinalco will invest US$l9.5 billion in miner Rio Tinto in a deal that will secure resource supplies for China and help cut Rio's debts, but
      ■ Reuters; REUTERS  -  664 words
    • Article
      Lock icon New China loans rise at record pace; money growth surges
      602 13 Reuters Analysts optimistic country's downturn could be in sight [BEIJING] New lending surged at a record pace in January and money growth also perked up as Chinese banks heeded the government's call to extend more credit to support the economy.
      – Reuters  -  602 words
    • Article
      Lock icon India's factory output in biggest fall since 1993
      408 13 Bloomberg Inflation slows to lowest in a year; pressure piling up for govt to cut interest rate, taxes [NEW DELHI] India's industrial production has fallen the most since 1993 and inflation has slowed to the lowest in a year, intensifying pressure on
      ■ Bloomberg  -  408 words
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      2001 13 W*Z7 rTK^TT/nrP Tollfree:1800-289-8822 V IVIII Wt V Email: notices@sph.com.sg JL^I V»>/ JL i V._f< 1 www.cats.com.sg I VALEN OFTICOAT PTE. LTD. 1 1 SPORTSVISION INTERNATIONAL PTE LTD Colony Registration No *****5538K (In Members Voluntary Winding-Up) NOTICE IS HEREBY GIVEN that the Final Meeting of the LOSS OF SHARE CERTIFICATE I
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Strip club boss earns more than bankers' US$500,000 limit
      665 14 Bloomberg Half a million dollars may not buy a seasoned banking executive these days [NEW YORK] Eric Langan could run a US bank, based on his U*****,713 salary last year, according to President Barack Obama. But Mr Langan would rather stay
      – Bloomberg  -  665 words
    • Article, Illustration
      Lock icon Pioneer to cut 10,000 jobs, sees huge loss
      533 14 Bloomberg [TOKYO] Pioneer Corp will cut 10,000 jobs and close its television operations as the company forecast annual loss to reach a record 130 billion yen (552.17 billion). Pioneer will withdraw from the TV business by March 2010 and cut 16 per
      Bloomberg; BLOOMBERG  -  533 words
    • Article
      Lock icon Aussie parliament rejects A$42b package
      499 14 Reuters STIMULUS PLANS Move stalls payment of cash handouts to workers, families [CANBERRA] Australia's parliament rejected the government's As 42 billion (Ss4o billion) stimulus plan yesterday, dealing a major blow to Prime Minister Kevin Rudd and delaying cash payments to millions of workers and families.
      Reuters  -  499 words
    • Article
      Lock icon Provinces in China planning 18t yuan boost
      350 14  -  ANTHONY ROWLEY Amount is compiled from various sources: Japan exec By in Tokyo CHINA'S provincial governments plan to spend 18 trillion yuan (553.97 trillion) in total on stimulating the nation's faltering economy over the next two to three years, in addition to the
      350 words
    • Article
      Lock icon Singapore to host Apec meetings
      323 14  -  EMILYN YAP Each is expected to bring around 500 delegates here By [SINGAPORE] Singapore will host the Asia-Pacific Economic Cooperation (Apec) meetings from February to November this year, starting with Senior Officials Meetings (Som I) from today to Feb 26. Apec celebrates its 20th anniversary
      323 words
    • Article
      Lock icon UK watchdog ups levy for supervision
      228 14 Reuters [LONDON] Britain's financial regulator is increasing the money it raises from companies by more than a third to pay for a tightening of its regulatory regime in the wake of the global banking crisis. The Financial Services Authority (FSA), funded by contributions from
      – Reuters  -  228 words
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  • WORLD
    • Article, Illustration
      Lock icon When Merrill mints 700 millionaires
      532 15 Bloomberg New York AG raises hackles by disclosing what Merrill did with its bonus pool [NEW YORK] For nearly 700 lucky Merrill Lynch employees, 2008 was a million-dollar year, even though the brokerage firm lost US$27 billion. On a day when the chief executives of
      ■ Bloomberg  -  532 words
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      354 15 The Sweetest Valentine cr JCt:', sday six-course dinner menu Celebrate Valentine's Day with a dinner to remember. From luxurious tasting menus, refined Japanese to KiqSlSp^i £>> sumptuous barbecue all-you-can-eat, Pan Pacific Singapore presents selections galore. witb eveiyJom?ayina adult hus et dineis) 1 J 1 1 HaiTien Lo (9 to 14
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  • FINANCIAL CRISIS
    • Article, Illustration
      Lock icon Anatomy of a global downturn
      3493 16 FAR from being at, or even near, the trough of the economic and financial system crisis, are we still staring into the abyss? And if things have to get worse before they get better, how much worse, and for how long? Is a "relief rally"
      3,493 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Rolls-Royce 2008 pre-tax profit rises 10%
      534 17  -  YEN SREENIVASAN But despite a strong balance sheet and bigger order book, it warns of tough 2009 By [SINGAPORE] British aero engine and power systems giant Rolls-Royce has reported a better pre-tax profit, a strong balance sheet, a bigger order book and a higher
      FILE PHOTO  -  534 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2601 17 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR
      2,601 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        106 17 '000 CH Offshore 0.27 Chuan HupHldgs 0.18 Cosco Corp 0.87 CWTLtd unch Ezra Hldgs 0.67 First Ship Lease 0.39 Freight Links 0.04 Grand Banks 0.63 laya Hold Ltd 0.28 KiVentures 0.14 Keppel Corp 4.16 MTQ Corp unch NOL 1.17 Pacific Shipping 0.16 Pan-United Corp 0.37 Rickmers Mari 0.41 Samudera
        106 words
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        Lock icon KLSE
        36 17 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.62 8.70 8.60 2.73 2.48 unch 0.09 0.09 0.15 0.10 unch 0.03 unch 0.01 48 184 937 701 47 0 100
        36 words
      • Article
        Lock icon BANGKOK
        12 17 ■oo 'recious Ship Regional Cont 13.70 7.30 unch 1299: 0.25 765'
        12 words
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        Lock icon HONGKONG
        11 17 '000 Doil iingamas Cont .17.90 ...0.85 -0.46 113} -0.06 1276!
        11 words
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        Lock icon PHILIPPINES
        25 17 '000 :eb12 Peso Vol Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.20 11.25 unch unch 0.30 0.25 unch unch 421 362 0 0
        25 words
      • Article
        Lock icon TAIPEI
        14 17 Evergreen Marine ....13.10 :irst Steamship 32.95 /Van Hai Lines 13.50 -0.05 -2.45 -0.35
        14 words
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        Lock icon TOKYO
        37 17 '000 :awasaki Hvy Ind ..165.00 -6.00 557! :awasaki Kisen 362.00 -28.00 1118! /litsubishi Hvy 309.00 -3.00 ***** /litsui Eng&Sbldg...151.00 -2.00 695: /litsui OsR Lines 577.00 -25.00 3013! lippon Express 321.00 -6.00 417' lipponYusen 457.00 -33.00 1344}
        37 words
    • Article
      Lock icon Oil trader files suit against MISC
      444 17  -  S JAYASANKARAN Spore-registered SSB is claiming USs24m to USs27m By [KUALA LUMPUR] In a sign of the times, a Singaporeregistered oil trader has filed a lawsuit against Malaysian International Shipping Corporation (MISC) for alleged breach of contract. According to documents filed with the High
      444 words
    • Article, Illustration
      Lock icon Singapore navy to deploy ship to piracy hotspot
      453 17  -  VINCENT WEE By [SINGAPORE] Singapore will send a naval vessel to the Gulf of Aden to help an-ti-piracy efforts there, Defence Minister Teo Chee Hean told Parliament yesterday. The landing ship tank with two Super Puma helicopters will be deployed for three
      453 words
    • Article
      Lock icon Full steam ahead for Sea Asia 2009 conference
      388 17  -  VINCENT WEE By [SINGAPORE] The maritime industry is not too discouraged by the economic downturn if numbers for the Sea Asia 2009 conference and exhibition are anything to go by. There has been a 60 per cent rise in floor space to
      388 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon End of the road for share buybacks
      514 18 ACCORDING to Wall Street market research firm Birinyi Associates, corporate America spent more than US$63 billion in share buybacks around this time last year. But for this year through Feb 5, there have only been U554.32 billion of announced buybacks. That's less than
      514 words
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      Lock icon Here we go TARPing again to nowhere
      1050 18  -  LEON HADAR For markets, it may be safe to assume that Washington hasn't found a way to fix the mess I WOULD not be surprised if a new term, "Geithnerism", is soon going to be used by lawmakers and investors. Named after US
      AFP  -  1,050 words
    • Article, Illustration
      Lock icon China, Tibet and the fact of human mortality
      769 18 THE BOTTOM LINE AT the core of Chairman Mao Zedong's revolutionary theory was the strategy of the united front: identify the main enemy and then isolate it by forming a united front with as many other classes, groups or elements as possible.
      769 words
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      Lock icon 'We are in an extreme situation'
      1763 19 'We are in an extreme situation Global recession may last 2-3 years, but East Asia could emerge stronger with swift macroeconomic adjustments Vinod Thomas, the directorgeneral and senior vicepresident of the Independent Evaluation Group at the World Bank in Washington, DC, explains to BT associate editor VIKRAMKHANNA why this financial
      THE STRAITS TIMES FILE PHOTO  -  1,763 words
    • Article
      Lock icon Buyout bell tolls
      591 19  -  LAUREN SUVA LAUGHLIN By IS PRIVATE equity about to disappear? You wouldn't think so by looking at the number of conference attendees at the private equity Superßeturn conference in Berlin last week. Guy Hands, the head of UK private equity giant Terra Firma, gave a speech to
      591 words
    • Letter
      Lock icon Burned by Madoff, but not seething
      371 19 LETTERS TO THE EDITOR I REFER to your article "Burned by Madoff, seething in Bedok" (BT Feb 6), which was based on an interview with my wife and your reporter's two phone conversations with me. Unfortunately, the story has some inaccuracies and several omissions,
      371 words
    • Article
      Lock icon Spring clarifies graduate attachment programme
      449 19 WE refer to the article "Spring to subsidise fresh grads' salaries" (BT, Febl2). The article covered comments by Spring's chairman, Philip Yeo, on a graduate attachment programme that Spring is currently working on to place and train graduates in high growth local small and medium-sized
      449 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8547 20 Transaction date: Feb 12 !-wks Tel Low Code Last Sale Vol C000) High lay Last Quote Low Buyer Seller Div C'vr Net P/E I Cap Sinil High Company •k 9 3 3148 8Telecom 12.5 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 30.5 12 5000 ABRHIdgs 19
      8,547 words
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      Lock icon SGX CATALIST
      1772 21 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      1,772 words
    • Article
      Lock icon SGX XTRANET
      69 21 52-Wk Tel High Low Code Last Sale Vol fOOO) Day 111 Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Com _Hm ***** ***** 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS 335 158
      69 words
    • Article
      Lock icon CLOB INTERNATIONAL
      77 21 52-Wk Tel High Low Code Last Sale Vol Cooo] Day 111 Low Last Quote Div GrYld Net MCap Buyer Seller C'vr P/E Smil Comi >an' Hii 86.5 30 6000 AVJennings 12 4 6134 Over&Gen 27 6 6017 StarCruises 248 104 6019 TanChonglnt A30 A8 US8 HK107 unch unch
      77 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8865 21 UNIT TRUSTS FUNDS I UNIT TRUSTS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.423/ AIGIF Spore Bond Fund/ A 1.201/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.64/ APS Alpha Fund (USD)!** 0.42/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD
      8,865 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      362 22 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Fell 11 World Index Preliminan 634.6 0.5 -6.4 0.6 -3.8 0.0 -8.0 EAFE Preliminai 609.9 0.0 -6.0 -0.2 -5.4 -0.9 -9.5 Euro[ Prelim inan 867.1 0.1 -4.9 -0.8 -5.6 -1.4 -9.7 Pacific
      362 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 22 As at 9am Feb 12 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9840 1.0430 Can dollar 1.2050 1.2200 Euro 1.9300 1.9550 NZ dollar 0.7840 0.8020 iterlini 2.1510 2.1790 US dollar 1.4960 1.5150 Local dollars to 100 units of foreign currency:
      132 words
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      Lock icon INTERBANK RATES
      168 22 Feb 12 Bid Overnight 1-month 2-months 3-months Overnight mode: 1/8 ys$ 3/16 7/16 9/16 11/16 Offer 1/8 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.40 0.58 1.10 1.40 1.85 2.30 2.40 Offer 0.30 0.48 0.80 1.10
      168 words
    • Article
      Lock icon STOCK INDEX FUTURES
      26 22 Feb 12 Open Hii ih Sett STI SIMSCI Feb 206.1 207.2 203.6 Taiwan Feb 173.3 174.4 169.4 Source: MF Global (S) Pte. Ltd
      26 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      19 22 Bid Offer 1-month 1.5071 1.5088 2-months 1.5065 1.5084 3-months 1.5058 1.5079 6-months 1.5047 1.5069 Source: OCBC
      19 words
    • Article
      Lock icon PALM OIL
      59 22 Feb 12 elivery lonth )pening Sett Range Price Av Price Low Vol Open Done Position Hi :eb09 2030 1970 2040 1968 90 1008 i/larO9 1939 1940 1960 1924 646 ***** \pr 09 1915 1928 1945 1907 5867 ***** 09 1910 1915 1935 1900 2949 ***** Total o/p: *****
      59 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      285 22 Feb 12 i r\n miT URODOLLAR FUTURES VlarO9 lunO9 >epO9 DecO9 98.8100 98.8100 98.7500 98.5950 ***** 4813 4328 2019 EUROYEN TIBOR FUTURES VlarO9 99.350 99.350 lunO9 >epO9 99.535 99.535 DecO9 Vlar10 lun10 iep10 DedO 99.350 99.535 99.350 99.450 99.515 99.515 99.475 99.415 99.355 99.310 1 ***** 7316
      285 words
    • Article
      Lock icon SICOM FUTURES
      112 22 Feb 12 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Mar 09 148.5 Apr 09 149.6 May 09 150.0 JunO9 151.0 Jul 09 151.0 Aug 09 148.5 149.0 150.0 150.4 151.0 148.0 149.5 150.0 150.5 150.5 150.5 40 52
      112 words
    • Article
      Lock icon PHYSICAL PRICES
      62 22 Febl2 Source: Singapore Commodity Exchange Ltd As at 12 noon (S cents/kg) RSS2Mar2OO9 226.25 RSS 3 Mar 2009 226.00 RSS4Mar2009 222.75 RSS 5 Mar 2009 218.25 No 1 ADS 247.25 227.25N 227.00N 223.75N 219.25N 249.25N Bit rers Sellers As at 5pm (S cents/kg) RSS2Mar2009 226.25 227.25N RSS3Mar2009 226.00
      62 words
    • Article
      Lock icon GOVERNMENT SECURITIES TREASURY BILLS
      92 22 Feb 12 Period Issue code Maturity Yesterday's Bid Hi< Day's |h Low 3-Month BQ*****H 14.05.09 1-Year BY*****V 02.11.09 0.28 0.35 0.15 0.15 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low Hii 2-Year N*****0E 3.125 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year
      92 words
    • Article
      Lock icon CHICAGO BOT
      102 22 Feb 11 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Mar 09 978.00 994.00 996.00 976.00 May 09 982.00 1000.25 1000.00 980.00 Jul 09 987.75 1007.25 1005.75 985.75 Aug 09 977.50 998.00 987.25 977.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low MarO9 33.18 33.64 34.01 33.15 May
      102 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 22 CRUDE OIL PRODUCTS Feb 11 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 46.16 -1.56 WTI (Near Mth) 36.31 -1.56 Dubai (1-Mth F) 44.63 -1.59 Tapis blend 50.95 0.95 Minas 47.10 0.50 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 47.90 52.60 2.00 -2.85 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon INTERBANK CROSS RATES
      465 22 Fab 12 AS CS Rmb Euro HKS Ind Rs Ri ih Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound USS Australia 0.814 4.481 0.507 5.084 31.963 77.505 0.591 9.210 2.367 1.246 52.094 30.976 0.989 6.473 0.759 22.313 23.053 0.458 0.656 Canada 1.229
      465 words
    • Article
      Lock icon SIBOR
      65 22 Feb 11 mth 0.***** 0.***** mths 0.***** 0.***** 6mths 1.***** 9 mths 1.***** 12 mths 1.***** mths 1.***** 0.***** mths 1.***** 0.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 1.***** 5yrs 1.***** 7yrs 2.***** 10yrs 2.***** 12 yrs 2.***** 15 yrs 2.***** mths 1.*****
      65 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 22 Feb 12 Against SS Currencies Bid Offer Against US$ Bid Offer S$fUS$ to one unit of foreign currency: Australian dollar 0.9883 0.9898 0.6557 0.6560 Canadian dollar 1.2143 1.2163 0.8057 0.8061 Euro 1.9482 1.9509 1.2926 1.2929 NZ dollar 0.7928 0.7943 0.5260 0.5264 Sterlini md 2.1601 2.1633 1.4332 1.4337
      156 words
    • Article
      Lock icon PRECIOUS METALS
      131 22 Feb 12 /oz) -long Kong .ondon 915.10 941.60 916.10 942.60 Feb 10 Feb 11 911.70 941.30 913.70 943.30 Source: Thomson Reuters CAST BAR (S$) Feb 12 Buying Sellim Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying gm igm Ogm !0gm JOgm OOgm oz ozUBS Kinphar™ 107.07 308.16
      131 words
    • Article
      Lock icon LONDON METALS
      69 22 Feb 11 luminium, 99.7% urity (USS/tonne) Close Previous Cash 1365.50 3 months 1401.00 1363.00 1399.00 Copper, Grade A (USS/tonne) Cash 3 months 3420.50 3459.00 3447.00 3485.00 Lead (USS/tonne) Cash 3 months 1161.25 1170.00 1140.75 1150.00 Nickel (USS/tonne) Cash 3 months *****.00 *****.00 *****.00 *****.00 Tin (USS/tonne) Cash *****.00
      69 words
    • Article
      Lock icon LIFFE
      70 22 Feb 11 (£/tonne) Close Prev Hii ih/Low War 09 2714 2718 2735/2677 Way 09 2693 2707 2719/2639 lul 09 2683 2700 2714/2650 iepO9 2668 2685 2688/2639 IOFFEE (US$/tonne) Close Pev High/Low /lar 09 1614 1608 1635/1608 /lay 09 1628 1622 1647/1622 iUGAR (US tonne) l/hite Close Prev High/Low 1arO9
      70 words
    • Article
      Lock icon BONDS & WARRANTS
      2346 22 BONDS WARRANTS Tel Code Company Prem Expiry Tel Last Vol Conv Exer Disc Gear- Mths Code Company Sale +or- ('000) Ratio Price ing Left DBS DB ePW*****7 46.5 DBS MBL ECW*****3 1.5 DBS MBL ECW*****1 3.5 0.2 948 0.2 1405 0.2 991 7 1 2 Singapore ExchMBLICW*****1 25 Singapore Exch
      2,346 words
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      Lock icon Page 23 Advertisements Column 1
      2980 23 Shipping Times :riday, February 13, 2009 m^k^k^k^k^BW^m^k^k^k^k^k^k^k^k^k^k^k^P'mm^k^k^k^k^k^k^k^k^k^k^kf'WRrWWti'^ WAN HAI INTERNATIONAL PTE LTD UEN: I*****69SM I mr^. mmm2 W 1£ Wmwm^mmkm^imBs^mumiww I VTKi\iAfAM uai iimcc TEL6226,S88 (,4LINES) FAX:*****163 m Ymr*r mm T*ry'*r*fmmm mmWmSBSmmSBSlmWSSlWB I V\ \l^ I WAN flAI INC J PKL 1EL: {03) *****888 FAX: {03| *****288 PEN TEL: {04)
      2,980 words
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      3114 24 In E EASTERN CAR LINER, LTD I H|§ SJiJJ r///« I If-—JI specialize in roro heavy lift UPTO 450 tons~| WEEKLY EXPRESS SAILING SCHEDULE I IWUUU;^^! I VOY I Romp(KT) I Lillinq(KT) I MNL I SIN 1 PKL [KB )KT I SUR m^^yj^^^J^i||JilUi4bMlSfflUUUilbUill I OCEAN DOMINANCE 26 60 20/02 24/02
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      4532 25 m The Business Times j^m S g Guide ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Vessel Voyage Telephone SIN Dest'n Name Name Number Number SIN Dest'n Name Name Number Number
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      49 26 Reclaim Your Personal Life While Achieving Greater Professional Success X boundaries and Integrity rfjfljLW^ »I lUplpiHii k II P 1 v 111 Organised by: Supported by: Partners: Supporting partners: THE Business times IE JS_ •=at= lsl oBerson ■*»>— jib. c v r v hi f r n1 "iiT'.n i 1
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  • Page 26 Miscellaneous
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      520 26 CRYPTIC CROSSWORD ACROSS 10 Not expecting the girl to silent (5) 1 I H^HB 12 Another needless cut (8) es (2-6) P^ 16 Set back that makes no difi /g\ HI HI I H frenzy °fwar cr' es anc' 21 Accelerates degrees at univ- I M^_HH__HH-___M I J_^J__^J_ ACROSS: 1
      520 words
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      14 28 TUNB yOUR RAP/0 TO o BEST MUSBC ONLy ON TODfiY S BEST MUS3C www.radio9l3.com
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      60 28 taWa! THE HEARTBEAT OF THE INDIAN COMMUNITY THE SON HAS RISEN Rahul Gandhi emerges as the man to watch in the Indian elections Pick up your FREE copy at all 7-Eleven outlets, Mustafa, Saravanaa Bhavan, White Water Cafe, Singapore Khalsa Association, Singapore Indian Association, Annalakshmi and SIFAS. Call 6319-1800 or
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      331 29 The best is worth the wait, the wait is not far! U l\ M IM U [II Al m > ill k 111 %IjA I i|| Canf wa/f? Check out these deals JVIEGA Ik pli| kH VhJLt ;?j at our Sneak Preview Sale this weekend Tpu v i |2^lJ LL
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  • executive lifestyle
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      Lock icon And the brands played on
      1459 30  -  AMANDA DE GUZMAN The recession is reshaping the local shopping scene. For the luxury industry, it means impressive transformations businesses are making long-term investments and selections as consumers choose quality over quantity. AUDREY PHOON reports IT BEGAN as it did before: with a bunch of
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    • BOOKS/ARTS
      • Article
        Lock icon Reclaiming the time of your life
        844 26 KENNETH JAMES on a time-management book that is practical and rewarding The One-Life Solution: Reclaim Your Personal Life While Achieving Greater Professional Success By Dr Henry Cloud Collins Business Pages: 239 Price: $45.95 Rating: B+ YOU wake up, bleary-eyed. Unbidden, thoughts of things not
        844 words
    • ARTS
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        Lock icon Young Asian artists step into the picture
        784 27 David Chan, Donna Ong and Phunk Studio seem to have enjoyed the challenge of extending their practices into a new realm, says MADHVI SUBRAHMANIAN HEN econom mic health is poor, patroM M nage and support for the arts are often the first to
        784 words
      • Article, Illustration
        Lock icon Junior theatre comes of age
        640 27  -  CHEAH UI-HOON By THE 12-year-old who watched Macbeth by the Duffel Bag Theatre from Canada 10 years ago, in the inaugural Prudential Children First! children's festival, could well be the 22-year-old who watches The Winter's Tale by The Bridge Project this year. That's how long
        640 words
      • Article, Illustration
        Lock icon An expression of the language of the mind
        612 27  -  AMANDA DE GUZMAN By ACTION Theatre's new two-part play is not only about and inspired by love letters, but also a love letter in itself to the unique powers of the medium. No other form of intrapersonal expression whether in a blink
        612 words
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        Lock icon Hilarious mix of sex and mayhem
        511 27  -  AMANDA DE GUZMAN By "ORTONESQUE", a term derived from Joe Orton, the British playwright responsible for What the Butler Saw, has become synonymous in theatrespeak with the outrageously macabre. While the Singapore version of the play was given a makeover by director Loretta Chen
        511 words
    • MOVIES
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        Lock icon An interesting, we 11-structured hybrid
        594 28 Slumdog Millionaire is part underdog fable, part raw social commentary, and all human interest story, says GEOFFREY EU VERY slumdog has his day, and for young Jamal Malik, a lowly chai wallah (tea server) from a Mumbai slum, that day has arrived and with it
        594 words
      • Article, Illustration
        Lock icon Grim realities of a life on the ropes
        543 28  -  GEOFFREY EU By RANDY "The Ram" Robinson is down and almost out for the count in New Jersey, a beaten, battered, burned-out wreck of a professional wrestler who is so far removed from the pinnacle of the sport he once ruled that
        AP  -  543 words
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        Lock icon A famous plot gets the full Hollywood treatment
        515 28  -  GEOFFREY EU By THE fight against the Allies is not going well, and Colonel Claus yon Stauffenberg, an aristocratic, well-con-nected German army officer with high morals and outspoken views about the "right" way to wage war, is more than a little disgruntled
        515 words
      • Article, Illustration
        Lock icon 'Hancock' gets better with extra materia
        289 28  -  CHRISTOPHER LIM DVD REVIEW By NOT every film benefits from the restoration of cut material. Sometimes, so-called director's cuts are just draggy, which explains why those scenes were trimmed in the first place. The unrated version of Hancock is a nice exception. The superhero
        289 words
    • MUSIC/GAMING
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        Lock icon Mellow perhaps, but never bland
        603 29  -  CHRISTOPHER LIM Ani DiFranco's performance at her Singapore debut reflects her maturity and spontaneity, reports HOW do you reconcile protest songs with sweet love ballads when they come from the same woman? It can be even harder to wrap your mind around that kind of
        603 words
      • Article, Illustration
        Lock icon Grammy wins not all worthy but still good
        572 29  -  CHRISTOPHER LIM CD REVIEW Viva La Vida Or Death And All His Friends Coldplay Capitol Rating: A In Rainbows Radiohead Rating: B+ Raising Sand Alison Krauss, Robert Plant Rounder Rating: B The Bedlam In Goliath The Mars Volta Universal Rating: B+ By
        572 words
      • Article, Illustration
        Lock icon Kung fu fightin' is back!
        616 29  -  CHRISTOPHER LIM By WIVES watch out if your husband spent his childhood playing Street Fighter 11, he's probably going to neglect you and the kids for Street Fighter IV, which was officially released yesterday. The latest version of probably the most popular fighting game of
        616 words
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      34 30 LWW Insiders'trades. Brokers'recommendations. Dividend table. TUC Dl ICIMECC TllV/ICC IV The pages also cover transactions by directors and substantial It UUjIIMLjJ IIvILJ —A H I /flv shareholders. In other words, news you can use.
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  • Page 30 Miscellaneous