The Business Times, 14 February 2009

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Microfilm: NL29654
Total Pages: 49
1 49 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 weekend THE BUSINESS TIMES FEB 14-15, 2009 WWW.busineSStimeS.COm.Sg Ssl.oo AN SPH PUBLICATION MICA(P) 198/08/2008 www.businesstimes.com.sg
    15 words
  • Article
    Lock icon Starry-eyed in a job desert
    1081 1  -  Joyce Hooi Fresh finance graduates struggle to adjust expectations as dream jobs go up in smoke By joyceh@sph.com.sg Singapore EVEN as well-heeled chief executives of American banks are being called before Congress to defend their use of corporate jets, local finance graduates have also come
    1,081 words
  • Article, Illustration
    Lock icon DBS profit slumps 40 per cent
    990 1  -  Conrad Tan By conradt@sph.com.sg Singapore DBS Group's fourth-quarter net profit fell 40 per cent to $295 million compared to a year earlier, missing analysts' estimates as the bank suffered from a sharp fall in fee income and higher charges for bad loans. But the
    ARTHUR LEE  -  990 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      88 1 4JI B,^X TRAVEL MOTORING PROPERTY BANK WOES Lloyds unveils £8.5b HBOS loss News wipes out nearly a third of the group's stock market value 6 MONEY SPINNER Madonna rules the roost She tops Billboard's list of moneymakers for 2008, with U*****.2 million 7 LESS FIZZ F&N Q1 profit dips 18%
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    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 2
      1 1 STOCK.XCHNG
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        45 2 KL COMP 909.84 +15.24 NIKKEI 225 7,779.40 +74.04 HANG SENG 13,554.67 +326.37 ;et 445.77 +5.14 IAKARTA 1,338.74 +13.32 MANILA 1,919.66 -4.44 KOSPI 1,192.44 +12.60 iHENZHEN B 327.37 +10.85 MUMBAI IND 9,634.74 +168.91 11am EDT Chanpe nam EDT Change DOW 7,954.43 +21.67 NASDAQ 1,551.46 +9.75
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      • Article
        Lock icon PRIME RATES
        29 2 Bloomberg SINGAPORE 5,38 MALAYSIA 5,91 HONG KONG 5,00 INDONESIA 16,467 TAIWAN 4,826 JAPAN 1,475 KOREA 9,33 BRITAIN UK) US 3,25 CANADA 3,00 SWITZERLAND 0,53 INDIA 13,00 -Source:
        Bloomberg  -  29 words
      • Article
        Lock icon FOREX
        43 2 us$ 2$ us$; 1.507 ;us$, 1.446 2.179 EURO(US$/S$/E) 1.292 Foreign currencies per US$, S$ 1.948 'EN 91.20 60.50 RM 3.61 2.40 HK$ 7.753 5.145 BAHT 35.16 23.33 RUPIAH 11,820 7,842 RENMINBI 6.834 4.535 INDIAN RUPEE 48.68 32.30 1.510 1.002 NZ$ 1.891 1.254
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    • Article
      Lock icon Creeping shadow of negative equity grows
      488 4  -  Siow Li Sen Rapid drop in property prices causes more people to owe more than their home is worth By lisen@sph.com.sg Singapore THE proportion of DBS Bank home loans in negative equity jumped 50 per cent to 0.6 per cent in December 2008 from
      488 words
    • Article
      Lock icon Life's Only Valuable Emotion
      541 6  -  Jaime Ee, OFF THE CUFF By Lifestyle Editor I'APPY Valentine's Day. With today being Formal Declaration of Love Day, and the Oscars being dominated by unusual love stories like Benjamin Button and Slumdog Millionaire, I thought it only appropriate that Singapore, too, should have its own
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    • Article
      Lock icon Tweaks to CPF schemes unveiled
      619 6  -  Chuang Peck Ming Rules on investment, Minimum Sum topping-up, CPF Life revised By peckming@sph.com.sg Singapore THE Central Provident Fund Board is tightening the CPF Investment Scheme (CPFIS) but it is also simplifying CPF life to provide retirement income for life and further liberalising the Minimum
      619 words
    • Article
      Lock icon £8.5b loss at HBOS sinks Lloyds shares
      210 6 Reuters London LLOYDS Banking Group said that its HBOS unit made a hefty loss last year due to bigger-fhan-expected bad loans, wiping nearly a third off the group's stock market value. HBOS had a pretax loss of £8.5 billion (5518.4 billion) for 2008,
      Reuters  -  210 words
    • Article, Illustration
      Lock icon Music to their ears
      90 7 Top 20 moneymakers in music in 2008 USsm 1. Madonna 242.2 2. BonJovi 157.2 3. BruceSpringsteen 156.3 4. The Police 109.9 5. Celine Dion 99.2 6. KennyChesney 90.8 7. Neil Diamond 82.2 8. Rascal I Flatts 63.5 9. Jonas Brothers 62.6 10. Coldplay 62.2 11. The
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    • Article
      Lock icon Sticky & Sweet puts Madonna over the top
      258 7 Sticky Sweet puts Madonna over the top Bloomberg She rakes in U*****.2m, well ahead of Bon Jovi and Bruce Springsteen New York MADONNA was the music industry's biggest moneymaker last year, pulling in U*****.2 million on the success of her Sticky Sweet tour, according to annual rankings by Billboard Magazine.
      Bloomberg  -  258 words
    • Article
      Lock icon Nude shot of Madonna sold for US$37,500
      117 7 AP New York A NUDE photo of a 20-year-old Madonna that appeared in Playboy has been sold at auction for U5537,500. Christie's believes that Lee Friedlander's full-frontal black and white image of Madonna, born Louise Cic- cone, is a record auction price for
      AP  -  117 words
  • Page 2 Advertisements
  • Page 2 Miscellaneous
    • Miscellaneous
      Lock icon Page 2 Miscellaneous Column 1
      100 2 NEWS LIVING fs3 Top stones 2,4,6,7 Shopping L 2-5 Afc y^l Raffles Conversation 8-9 Dining L 6-8 WT~%*.* V Week In Review TO c„*„r*,;„;„„ T^ 1 s* Entertaining L 9 %mjM^ AS c The CEO Column 11 6 j Mrl| ft Companies 12-14 fllK v /S Singapore 15-17 j«. Letter
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  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      863 3 R jp ''^is. I'M k^--^^g i -aft '^h^m Why DBS Singapore STI ETF? I cash subscription at any DBS/Pose ATMs! I When you invest in our stock-based, index-tracking STI ETF, Initial Offer Period: 12-18 Feb 2009 (12 noon) you invest in the collective creativity, soundness and growth Applications can be
      863 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      30 5 t- -T t-^- l^g ai *M» h^ -^i^.—"-^^ y^ r^c^ *< engineer *;'Vf ?PC\ <v^S^* v-.g| MARKETING EXECUTIVE ■ifc^ MERCHANT BANKER x -If 5"' 7 .<?- v^'iftm\ji SE?'" ■-I f t- -^aS^''*i*^\
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      176 7 Become a Personal or Executive Coach with one of the world's largest and most respected coach training organisations Intensive Coach JMk **LKtt Training Singapore |H~ AKi Commences April 17, 2009 This program is designed to provide cutting-edge coaching skills, tools and resources to effectively BWBllTifmißPfflTTlTfPiTßi coach others in any situation.
      176 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Ready for the challenge ahead
      2230 8  -  Chuang Peck Ming SPECTRE is haunting labour move- merits worldwide the spectre of mass lay-offs. But J unions in Singapore are cool about it. We are not talk- ing about indifference labour chief Lim Swee Say has made avoiding massive retrenchments and unemployment the union
      YEN MENG JIIN  -  2,230 words
    • Article
      Lock icon Raffles Hotels & Resorts
      76 8 Raffles Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. A collection of luxury hotels, Raffles Hotels and Resorts distinguishes itself through the highest standards of hospitality, service and cuisine. Its hotels in Singapore, Beijing, Cambodia, Beverly Hills, Dubai and the Caribbean
      76 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • Article, Illustration
      Lock icon THIS WEEK
      670 9 Spore GDP may shrink up to 5.8% in Q1 WITH business prospects hitting lows not seen since 2001, the economy could contract 5.8 per cent in the present quarter, according to the latest BT-UniSIM Business Climate Survey. Survey director Chow Kit Boey said that the worst-case scenario could
      BLOOMBERG  -  670 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      160 9 CRYPTIC CROSSWORD way back (4) Pfl H^~~n YESTERDAY'S SOLUTION pace (4) I —l 111 1 1 I 111 1 1 1 dom's, 26 Lower. 21 Steal, in transit, a greeting card (6) 28 Tea is prepared after 4 Deal with Italy, ultimately Terrorises 2 23 fs a rinfattracting a girl?
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    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 2
      87 9 NEXT WEEK Feb 16-20, 2009 US DATA Feb 18 Jan building permits Jan housing starts Jan industrial production Feb 19 Jan core PPI Jan PPI Jan leading indicators Feb 20 Jan core CPI SINGAPORE DATA Feb 17 Q1 merchandise trade Feb 18 Q4 2008 central government debt Feb 20 Q4
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon What SMEs really need...
      1241 10 FROM THE DESK OF Chen Yew Nah Managing director, DP Information Group SINGAPORE has come a long way in five years. In 2003 one of the topics that dominated the financial press was the conundrum of SME financing. The problem was simple enough. For SMEs to
      1,241 words
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  • COMPANIES
    • Article
      Lock icon F&N Ql net profit tumbles 18% to $89m
      410 11  -  Emilyn Yap One bright spot is the encouraging response to the company's latest property launch Reports by emilyny@sph.com.sg Singapore LOCAL conglomerate Fraser and Neave (F&N) yesterday posted weaker results for the first quarter ended Dec 31, 2008 as its property segment bore
      410 words
    • Article, Illustration
      Lock icon Asia Pac Breweries Ql net up 13% to $48.3m
      292 11 ASIA Pacific Breweries (APB), a unit of Fraser and Neave (F&N), yesterday reported a net profit after exceptionals of $48.3 million for the first quarter ended Dec 31, 2008 up 13.4 per cent from a year ago. The increase was largely
      292 words
    • Article
      Lock icon Cerebos Ql profit up 2% to $30m
      242 11  -  Ven Sreenivasan By ven@sph.com.sg Singapore CEREBOS Pacific posted a marginal increase in first quarter net earnings despite foreign exchange translation losses taking a toll on its revenue and operating profit. Net profit for the October-De-cember 2008 period rose 2 per cent to $30.1
      242 words
    • Article
      Lock icon No distribution from Saizen Reit for Q2
      462 11  -  Uma Shankari By shankari@sph.com.sg Singapore SAIZEN Real Estate Investment Trust (Saizen Reit) yesterday said that it will not be giving out any distribution for its FY2009 second quarter. "In view of the current uncertain credit environment and the maturity schedule of Saizen Reit's
      462 words
    • Article, Illustration
      Lock icon Forex losses tax heavy toll on Tat Hong's Q3 earnings
      498 12  -  Ven Sreenivasan Revenue for the three months falls 7% to $146m By ven@sph.com.sg Singapore A 20 per cent plunge in the Australian dollar triggered a $23 million foreign exchange translation loss for crane lessor Tat Hong Holdings in its third
      498 words
    • Article
      Lock icon Hong Leong Finance hit by $55.5m provision
      354 12  -  Jamie Lee By leejamie@sph.com.sg Singapore HONG Leong Finance (HLF) posted a 41.5 per cent slump in full-year net profit after a hefty provision for its structured product settlement. It registered a net profit of $78 million for the 12 months ended Dec 31,
      354 words
    • Article
      Lock icon Q3 profit doubles but China Eratat stays cautious on expansion
      242 12  -  Hannah Ooi By ooih@sph.com.sg Singapore CHINA Eratat Sports Fashion, which was listed on the Singapore Exchange's mainboard last April, is taking a prudent approach to expansion plans even as it reported a surge in revenue and earnings. The footwear and
      242 words
    • Article
      Lock icon Marco Polo Qlnet profit slips 18% to $1.3m
      310 12  -  Vincent Wee By vincewee@sph.com.sg Singapore MARCO Polo Marine has posted an 18 per cent drop in net profit for the first quarter ended Dec 31, 2008 to $1.3 million from $1.6 million for the year-ago period. The group, however, saw revenue rise
      310 words
    • Article, Illustration
      Lock icon Short-term trading strategy still pays
      587 13  -  R Sivanithy STOCKS sivan@sph.com.sg Senior correspondent HE advice given in this column several times over the past months that inves--1 tors have to adopt a short-term trading view towards the stock market held very true this week. Buying selectively into the dips and immediately selling
      587 words
    • Article
      Lock icon TOP 20 ACTIVES
      116 13 VOL CLOSE Golden At 80,435 31 0.5 1.6 29,775 274 7.0 21 Olam 27,850 138 3.0 22 StraitsAsia 22,264 87 -1.0 -1.1 Noble Gl 22,124 123 2.0 1.7 JCa Land 19,308 143 11.0 8.: DBS MBL eCW*****2 19,050 32.5 3.0 102 Sir ;Tel 16,758 251 6.0 2.4
      116 words
    • Article
      Lock icon STI STOCKS
      116 13 tod name lose lam apitaLand 2.740 +0.070 litaMall 1.300 -0.010 :if 'Dev 5.470 +0.070 ]osco Corp 0.880 +0.010 IBS Grp 8.390 +0.260 :&N 2.900 +0.020 lent Intl 0.445 +0.015 iolden ;ri 0.310 +0.005 IK Land 2.130 -0.020 IMH 18.500 -0.780 ISH 9.900 -0.400 lardine C&C 10.200 +0.100 lei
      116 words
    • Article
      Lock icon TOP GAINERS
      61 13 CLOSE UP )CBC Bk 5.1%NCPS 100 9340 70.0 0.8 China H 10US: 983 45.2 3.1 IBS Bk6% NCPS 10 9750 40.0 0.4 IOB5.05%NCPS 100 9590 40.0 0.4 IOB 1136 32.0 2.9 )CBC Bk 4.5%NCPS 100 8310 30.0 0.4 IBS Gri 839 26.0 3.2 <or India Nift 10 922
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    • Article
      Lock icon TOP LOSERS
      54 13 CLOSEDOWN iLD 10US$ 9200 -123.5 -0.9 IMH 1850 -117.5 -4.0 ISH 990 -60.2 -3.9 Thailand 10US$ 261 -13.6 -3.3 iTXPO 100 1070 -10.0 -0.9 MS India 10US$ 763 -9.0 -0.8 iGX RB ePW*****3 17.5 -9.0 -34.0 IBS RB ePW*****3 138 -6.0 -4.2 IBS BNP ePW*****7 77 -5.5 -6.7
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    • Article
      Lock icon Sibor
      83 13 1 month 0.***** 0.***** 2 months 0.***** 0.***** 3 months 1.***** 0.***** 6 months 1.***** 0.***** 9 months 1.***** 0.***** 12 months 2.***** 0.***** SWAP offer rates 1 month 0.***** 2 months 0.***** 3 months 0.***** 6 months 1.***** 9 months 1.***** 12 months 1.***** SWAP-mid rates lyear 1.*****
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    • Business briefing
      • Article
        Lock icon China Energy expects loss for Q4 of FY2008
        86 13 CHINA Energy yesterday warned that it expects to report a loss for the final quarter of FY2OOB. The full year of FY2OOB is expected to be still profitable but earnings will be substantially lower than for FY2007. The company intends to release
        86 words
      • Article
        Lock icon C & O Pharmaceutical Q2 earnings dip 1.2%
        58 13 C O Pharmaceutical Q2 earnings dip 1.2% C O Pharmaceutical Technology posted a 1.2 per cent dip in net profit for its second quarter ended Dec 31, 2008 to HKS2S million (554.87 million). Sales slid 1.1 per cent to HKSI44 million. The company said that it would put more effort
        58 words
      • Article
        Lock icon Disposal gain boosts Boustead Q3 profit
        93 13 BOUSTEAD Singapore, an infrastructure and engineering services group, said net profit rose 40 per cent to $10.2 million in its third quarter ended Dec 31, 2008 as revenue rose 7.2 per cent to $114.7 million. The results were helped by a $5.6 million property
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      • Article
        Lock icon China Fishery full-year earnings rise 6.5% to US$94.27m
        71 13 CHINA Fishery Group said its net profit for the full year ended Dec 31, 2008 rose 6.5 per cent to U5594.27 million. Revenue grew 13 per cent to U*****.42 million, with trawling and fishmeal processing accounting for 74.7 per cent and 25.3
        71 words
      • Article
        Lock icon China Yongsheng warns of loss for FY2008
        55 13 CHINA Yongsheng Limited warned that it will report a loss for the financial year ended Dec 31, 2008. It said this is due to poor performance in the first half of 2008 and the adop- tion of a more conservative approach in relation
        55 words
      • Article
        Lock icon Jaya Holdings posts lower profit
        82 13 JAYA Holdings posted a $26.7 million net profit for the second quarter ended Dec 31, 2008, down from $32 million in the previous corresponding period, due to forex losses from hedging instruments and translation losses. HlO9 net profit slipped 52 per cent to $35.8 million
        82 words
      • Article
        Lock icon Cityspring Infrastructure announces 1.75 cent DPU for Q3
        78 13 CITYSPRING Infrastructure Trust announced distribution per unit (DPU) for the third quarter ended Dec 31, 2008 of 1.75 cents, 9.4 per cent up from the year before. Revenue rose 3.4 per cent to $101.2 million but turned to a $22.4 million net
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  • SINGAPORE
    • Article, Illustration
      Lock icon MOM plans 3-pronged approach for workers
      558 14  -  Chuang Peck Ming YESTERDAY IN PARLIAMENT It will help businesses stay afloat and save jobs, upgrade workers' skills, and help the unemployed find jobs By peckming@sph.com.sg THE Ministry of Manpower (MOM) is taking a three-pronged approach to help workers weather the recession. Speaking yesterday
      FILE PHOTO  -  558 words
    • Article, Illustration
      Lock icon S'poreans' right to vote is implied: Shanmugam
      530 14  -  Chew Xiang By xchew@sph.com.sg SINGAPOREANS have an implied constitutional right to vote and there is no need to write such a provision into the Constitution, Law Minister K Shanmugam told Parliament yesterday. Nominated MP Thio Li-ann had asked on Thursday whether the right
      530 words
    • Article
      Lock icon Conference on economic opportunities for women
      207 15  -  Jessica Yeo By yeojess@sph.com.sg A THREE-DAY conference took off yesterday with the aim of shifting paradigms and exploring ways to level the playing field and create a better environment for both businesswomen and businessmen. The event, Economic Opportunities for Women in Asia-Paci-fic (EOWAP), is
      207 words
    • Article, Illustration
      Lock icon Dec retail sales down 1.6%
      291 15  -  Uma Shankari Drop would have been steeper if vehicles were excluded By shankari@sph.com.sg RETAIL sales here fell for a third straight month in December 2008. The drop was 1.6 per cent year-on-year to an estimated $3.1 billion, according to official data released yesterday. Excluding vehicles,
      REUTERS  -  291 words
    • Article
      Lock icon Undergrads to take on SPH quiz
      344 15  -  Jamie Lee By leejamie@sph.com.sg THIRTEEN teams of university undergraduates will take on an SPH Foundation quiz challenge from today, with winners getting up to $10,000 in cash and work attachments with financial institutions. The quiz, organised by The Business Times and managed by SPH
      344 words
    • Briefing
      • Article
        Lock icon Household benefits to be doubled
        38 16 THE government will double the GST Credits and Senior Citizens' Bonus that Singaporeans will receive in 2009 to help households cope during the downturn. The additional benefits will cost the government $580 million.
        38 words
      • Article
        Lock icon Acca launches new micro-website
        36 16 THE Association of Chartered Certified Accountants (Acca) has launched a new micro-website www.accaglobal.com/economy to enable its members and the business community to share their experiences on dealing with the current economic situation.
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      • Article
        Lock icon Application process for charities
        46 16 THE Ministry of Health, which will receive $5 million from the government to help charities involved in healthcare service provision get through the downturn, has said it will inform the 160 eligible charities of the application procedure to benefit from these funds.
        46 words
    • Article
      Lock icon NUS, HEC Paris in research tie-up
      466 16  -  Lee U-Wen Business schools' accord to allow more exchanges, development of joint programmes By leeuwen@sph.com.sg THEY say that what makes a top business school great is not its academic achievements alone but the strength of its research. And research is clearly high on the
      466 words
    • Article, Illustration
      Lock icon Maybank in 'green' rose charity drive
      210 16  -  Arthur Lee By arthurl@sph.com.sg ROSES are red, violets are blue. But for Maybank, roses are better "green". For this Valentine's Day, the bank kick-started its local corporate social responsibility initiative by getting staff to hand-make 5,000 roses from recycled paper. The bank pledged $1
      ARTHUR LEE  -  210 words
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  • Page 16 Advertisements
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      331 16 W^s7 BBAIH g^NOTICES IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF POLIMER CHEMICAL (S) PTE LTD COMPANY REGISTRATION NO. *****3709E (IN CREDITORS' VOLUNTARY LIQUIDATION) Extract of the minutes at the Extraordinary General Meeting of members of Polimer Chemical (S) Pte Ltd convened and held
      331 words
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  • LETTER FROM ABROAD WITH ASCOT
    • Article, Illustration
      Lock icon Segregation, security and shopping
      700 17  -  Nordin Yatim LETTER FROM JEDDAH Director at IE Singapore's Jeddah Overseas Centre We invite Singaporeans living overseas or posted abroad to write about life, culture and doing business where you are. Send your dispatch to btletter asph.com.sg along with a photo of yourself, as well as
      700 words
  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      203 17 INTRODUCING BUSINESS SPECIAL PROMOTIONS -q.^ AT SOMERSET SERVICED RESIDENCE, VIETNAM promotion rates E%91^l Somerset Serviced Residence in Hanoi and Ho Chi Minh City offers a choice of five exclusive Somerset residences for international executives and their families i iQi-k 199^7- M^ M looking for work-life balance. Here, modern amenities, stylish
      203 words
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      Lock icon Page 17 Advertisements Column 2
      14 17 THE ASCOTT GROUP A Member of CapitaLand This series is brought toyou by TheAscottGroup
      14 words
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  • WORLD
    • Article
      Lock icon Plane crashes into house in New York, killing 49
      461 18 AFP New York A COMMUTER plane plunged into a house in New York state unleashing a fireball that killed all 48 passengers and crew and one person on the ground, officials said yesterday. Flames higher than nearby houses lit up the
      AFP  -  461 words
    • Article, Illustration
      Lock icon Perak, Kedah by-elections set for April 7
      609 18  -  S Jayasankaran Nomination day is March 29, a day after conclusion of Umno annual assembly By btworld@sph.com.sg MALAYSIA'S Election Commission (EC) yesterday declared April 7 polling day for by-elections in Perak and Kedah states. Nomination day is March 29, a day after the
      609 words
    • Article
      Lock icon Selangor ruler 'saddened'
      170 18 Bernama Klang, Selangor The Sultan of Selangor yesterday issued a statement expressing his sadness at the political standoff in Perak state over the appointment of a new state government. "Political developments, instances of street demonstrations and disputes between various parties relating to the recent appointment of the
      Bernama  -  170 words
    • Article, Illustration
      Lock icon Chinese property hunters catch on to US bargains
      682 19 AP Slumping US real estate prices are proving to be irresistible to many Beijing BEIJING lawyer Ying Guohua is heading to the United States on a shopping trip, looking not for designer clothes or jewellery, but for a US$l million home in
      AP; REUTERS  -  682 words
    • Article
      Lock icon India plans budget with an eye on polls
      435 19 Reuters New Delhi INDIA'S coalition government will put rescuing flagging growth and stemming job losses at the centre of a mini budget on Monday as it aims to woo voters ahead of general elections just weeks away. Acting Finance Minister Pranab Mukherjee
      Reuters  -  435 words
    • Article
      Lock icon Gloom as euro zone economy shrinks 1.5% in Q4
      474 20 Reuters Contraction worse than expected; deep interest rate cut by European Central Bank expected Brussels DIRE figures from a shrinking euro zone economy set a gloomy tone for a meeting of G-7 finance leaders in Rome. Ahead of the two-day Group
      Reuters  -  474 words
    • Article
      Lock icon US bipartisan dream sours as commerce nominee quits
      132 20 AFP Peoria, Illinois PRESIDENT Barack Obama's quest to bridge Washington's sharp political divides has been dealt another blow with the surprise exit of his commerce secretary pick, Republican Judd Gregg. Mr Gregg's withdrawal on Thursday, over "irresolvable con- flicts", complicated Mr Obama's
      AFP  -  132 words
    • Article, Illustration
      Lock icon Love blooms in times of gloom
      511 21 NYT Both online and offline matchmakers in US are reporting a surge in dating interest New York THE last five months have been filled with grim numbers, most of them preceded by a minus sign. Nearly 600,000 jobs lost in January. A national debt
      NYT  -  511 words
    • Article
      Lock icon Google ends radio ads project
      259 21 NYT San Francisco GOOGLE entered the radio advertising business with grand ambitions three years ago. On Thursday, those ambitions fizzled. Google said it was ending its radio project, Google Audio Ads, because it had failed to live up to expectations. Up to 40 people are
      NYT  -  259 words
    • Article
      Lock icon Microsoft to open own retail stores
      344 21 AP Seattle MICROSOFT on Thursday announced plans to open its own stores despite the economic downturn that has left many retailers struggling. The company hired David Porter, a 25-year veteran of Wal-Mart Stores, as its corporate vice-president of retail stores. Mr Porter was head
      AP  -  344 words
  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      72 18 ■jVI HOUSING* DEVELOPMENT mj 1 BOARD TO LET HDB LAND FOR MARKET AND FOOD CENTRE DEVELOPMENT Location Approx. I Max. Allowable I Allowable Tenancy Site Area GFA Uses Sengkang Market and Square/ 6,000 sq m 4,000 sq m Food Centre *5 +5 5 years Sengkang East Road 'Subject to an
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  • Page 20 Advertisements
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      Lock icon Page 20 Advertisements Column 1
      285 20 Congratulations on tie Opening of New Outlets Qi v "mm 4mhSl HJ» i -tf^t!^^^^^^^^* rd* *^3pH^ WSji fl^B i .1 u SB IB .J wC *^^J _j m m ■y i i*iL I*^ ttj Uk 4&,j&fc_ ii(if-ifc^i" "t HI BB Hi ifl H ■H! g jtLP^-^NLJ 1 i __^^^^»^^^^^b^^h H^V
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  • Page 21 Advertisements
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      183 21 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 Tanzanite3.7Bct. Emerald 15.35ct. >^ TanzanNe 68.59ct. E^f Sapphire 21 22ct. Natural Unheated ■Ci M
      183 words
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  • SGX
    • Article
      Lock icon Transaction date: Feb 13
      8617 22 52 ligh ;z-wks Tel Low Code Company Last Sale Vol Day Last Quote C000) High Low Buyer Seller Div i C'vr GrYld Net P/E M Cap $mil I 2.5 JO IQ.5 9 0 !6 19 _8 38 6 2 _5 !1 _3 !8 4.5 I !4
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    • Article
      Lock icon SGX CATALIST
      1517 25 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E Smil !0 5 1181 s AAGrp \2 16 8538 s APStrategic i 1 1501 s Advanced System 7 2 3480 t Adventus !8 10.5 3518 s Afor !2.8 2.7 1524 s Alantac ?0 3.5 7814 s
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      Lock icon SECURITIES TRADING SCOREBOARD
      47 25 Up Down Unch 9 3 4 Up Down Unch OOP Up Down Unch 9 3 4 lulti Ind lanui l"actunnt -inance ]onst TUCt :ion •rot >erties Totel Jsts" >ervices ia3 !;er ire IThTfij ;lw Active counters with no volume for todai are not included
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    • Article
      Lock icon SECURITIES TRADING TURNOVfcR *************|
      177 25 SECURITIES TRADING TURNOVfcR STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
      177 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      804 25 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Feb 9 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per Shr$ Before ('000) After (TOO) itock Hiap Moh Corp Hiap Moh Corp Hiap Moh Corp _MA Intl NV Jackspeed Corp vlirach Energy Ltd rortune
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    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        3 26
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        3 26
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        4 26
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
        364 26 Feb 12 dy yr dy yr dy yr Index Change Change Change Change Change Change World Index Preliminai 625.3 -1.3 -7.7 -1.2 -5.2 -1.6 -9.7 EAFE Preliminai 600.6 -1.5 -7.5 -1.8 -7.1 -2.2 -11.5 Euroi Preliminai 854.9 -1.4 -6.2 -1.8 -7.3 -2.2 -11.7 Pacific 486.4
        364 words
      • Article
        Lock icon INTERBANK CURRENCY RATES
        151 26 Feb 13 Against S$ :urrencies Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 0.9967 0.9988 Against US? Bid 0.6618 Offer 0.6623 :anadian dollar 1.2141 1.2160 0.8061 0.8063 Euro 1.9463 1.9494 1.2923 1.2926 NZ dollar 0.7964 0.7979 0.5288 0.5291 jterlini 2.1775 2.1810 1.4458 1.4462 US
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      • Article
        Lock icon LIFFE
        67 26 Fefcld IOCOA (£/tonne) Close Prey fLow Mar 09 1926 2714 1952/1903 May 09 1904 2693 1932/1880 JulO9 1898 2683 1920/1876 SepO9 1890 2668 1907/1867 COFFEE (US$/tonne) Close Pev High/Low Mar 09 1575 1614 1619/1562 May 09 1585 1628 1634/1576 SUGAR (US tonne) White Close Prey High/Low Mar 09 387.4
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      • Article
        Lock icon CHICAGO BOT
        102 26 Feb 12\ SOYBEANS (5,000 bu min; USc/60 Ib bushels) Close Previous High/Low Mar 09 968.50 978.00 985.25 967.50 May 09 971.50 982.00 988.00 970.25 Jul 09 976.00 987.75 992.00 973.75 AugO9 964.00 977.50 974.75 962.75 SOYBEAN/OIL (60,000 lbs; usq/lb) Close Previous High/Low Mar 09 32.83 33.18 33.49 32.75
        102 words
      • Article
        Lock icon OIL
        75 26 Feb 12 CRUDE USS/barrel (FOB origin) Close Change Brent blend (1-Mth F) WTI (Near Mth) Dubai (1-Mth F) Tapis blend Minas 45.34 -0.82 33.99 -2.32 43.99 -0.64 49.25 -1.70 46.00 -1.10 PRODUCT USS/barrel (FOB Spore) Close Change Naphtha Jet Kerosene 49.45 1.55 53.30 0.70 USS/barrel Opec Oil Basket Price
        75 words
      • Article
        Lock icon METALS
        70 26 Feb 13 GOLD (US$/oz) Feb 13 Feb 12 Hong Kong 934.40 941.60 935.40 942.60 Feb 12 Feb11 London 943.10 941.30 945.10 943.30 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 20.25 20.01 Source: UOB PLATINUM Lon (US$/oz) Feb 12 Close Previous PM Fix 1067.*****0.00 AM Fix 1084.*****5.00 Source:
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      • Article
        Lock icon PALM OIL
        58 26 Feb 13 lelivery fonth Opening Range Sett Price Av Price Law Vol Done Open Positioi Hi, :eb09 1990 Aji-09 1940 \prO9 1937 .lay 09 1928 rotal o/p: ***** contracts 1995 1995 1990 2012 2013 1940 1995 2000 1931 1994 1994 1925 Turnover: ***** lots Market tone:Higher 20 990
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      • Article
        Lock icon LONDON METALS
        67 26 Feb 12 tluminium, 99.75" mrity (US$/tonne; Close Previous lid /tonne; lose ■revious Cash 3 months Tin (US$/tonne; *****.00 *****.00 *****.01 *****.01 :ash 1 months :opper, Grade A 1341.25 1376.00 1365.50 1401.00 ;us$/tonne) lash J months ■ead (US$/tonne; 3377.50 3415.00 3420.50 3459.00 Cash 3 months Zinc, Special Hi; *****.50
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  • PERSPECTIVE
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      Lock icon Questions for the Icelands of the world
      1214 27  -  Rebecca Solnit The economic disaster in the country raises many unanswered questions about unfettered capitalism By IN DECEMBER, reports surfaced that then-US Treasury Secretary Henry M Paulson was nervous. Without a Wall Street bailout package, he reportedly warned members of Congress, civil unrest
      1,214 words
    • Article
      Lock icon Urgent action needed to save our oceans
      978 27  -  Dan Laffoley Sylvia Earle By and COULD the oceans become the place where humanity finally gets its act together, or will we become the victim of many environmental threats coming together at the same time? Already over-fished and used as a garbage dump,
      978 words
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon A beacon of stability
        843 28 Reuters, Bloomberg With prices hitting new records, gold promises to become even more appealing as billions in US government stimulus set the stage for rising inflation and a weaker dollar HE gold-mining sector is rapidly emerg- ing as a beacon of stability in an uncertain stock
        Reuters,; Bloomberg  -  843 words
      • Article
        Lock icon BROKERS' TAKE
        776 28  -  CONRAD TAN SingTel Buy Phillip Securities Research Feb 13 close: $2.51 SINGTEL reported Q3 FY2009 operating revenue of $3,701 billion (down 3.2 per cent y-o-y) and net profit of $799 million (down 16.1 per cent y-o-y). Revenue dropped as a result of the 23 per cent decline of
        776 words
      • Article, Illustration
        Lock icon Asian power to the fore
        1253 29  -  Wong Sui Jau WEALTH INSIGHTS With more spending power than the US consumer, larger and stricter banks and stronger businesses, power is bound to shift gradually towards Asia General manager Fundsupermart.com IT'S A depressing time we live in right now. Everyday we read about more
        1,253 words
      • Article, Illustration
        Lock icon Downside to high asset growth
        1576 30  -  Teh Hooi Ling SHOW ME THE MONEY Study of local companies inconclusive but, intuitively, notion of lower share price returns holds hooiling@sph.com.sg Senior correspondent equal weighted portfolio firms on an annual basis in 91 per cent of the years. The effect is also consistent but
        1,576 words
      • Article, Illustration
        Lock icon Hedge funds back in the reckoning
        689 31 Bloomberg Rebounding from record losses in 2008, they gained 0.5 per cent last month, extending the 0.8 per cent advance in December Tokyo m EDGE funds posted their first back-to-back gain in eight months in January, rebounding from record losses in 2008 as North
        Bloomberg; STOCK.XCHNG  -  689 words
    • WEALTH REAL ESTATE
      • Article, Illustration
        Lock icon Getting the 'real' in real estate
        556 33  -  Arthur Sim New interest-absorption schemes offered by developers through banks are attracting the smart money simska@sph.com.sg Correspondent UDGING by the response to the recently launched Caspian and Alexis, real estate remains a key element of the typical Singaporean's wealth-management strategy. While cash is still
        ARTHUR LEE  -  556 words
      • Article
        Lock icon JV formed to sell Aussie properties
        216 33  -  Uma Shankari By TWO companies that specialise in selling Australian property to Asian investors have formed a joint venture to set up a regional real estate hub in Singapore. MLG Realty Australia and Singapore-based JL Property Group will merge their portfolios to offer investors
        216 words
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  • Page 32 Advertisements
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      Lock icon Page 32 Advertisements Column 1
      805 32 PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) District 1 CostaDelSol Apt 15/01/2009 99 1475 1450 983* NON-LANDED Theßayshore Apt 12/01/2009 99 1227 748 610 The Sail Marina Bay Apt 09/01/2009 99
      805 words
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  • Page 33 Advertisements
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      Lock icon Page 33 Advertisements Column 1
      77 33 Corporate Office Look Image, Industrial 1 Building FOR LEASE From Ssl.9op.s.f onwards FlexibleTermsfor AnchorTenant Sizes from 10,000--130,000sqf Walking Distance to Paya Lebar and Eunos MRT Easy Access to City Centre and Major Expressway (PIE,CTE, ECRKPEand Nicoll Highway) Near Residential Estate with Public Amenities In House Canteen and Near to Food
      77 words
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  • Page 34 Miscellaneous
    • Miscellaneous
      Lock icon Page 34 Miscellaneous Column 1
      39 34 RECESSION W "k LJ E ■> Jt ■> W When times get tough, executives get serious about finding new ways to de-stress and unwind. They needn't look much -^m further than spas, gyms and home :".^St entertainment technology pV. PHOTO: KERASTASE
      39 words
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  • REST & RELAX
    • SHOPPING
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        Lock icon REST & RELAX
        869 35  - REST RELAX Melissa Lwee Despite, or rather, because of the recession sweeping through the US, spas in major cities are cashing in on stressed out executives seeking ways to soothe their frazzled nerves. In Singapore, de-stressing has taken on several forms, be it in home spa products, entertainment gadgets or
        BLOOMBERG  -  869 words
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        Lock icon Brands to look out for
        301 35  -  Melissa Lwee lOfficina de' Tornabuoni A FAVOURITE amongst Italian royalty and with more than 100 years' worth of recipes and experiences passed down, the range is a must-have for those looking for a piece of heaven. LS Philosophy flies them into Singapore in an air-conditioned
        301 words
      • Article, Illustration
        Lock icon New kid in town
        1038 35  -  Cheah Ui-Hoon Trio33 uses complementary therapies but only in technologically-advanced forms. By GYMS don't usually promise you a de-stressing time. The benefits of regular exercise includes stress relief of course, but the regular gym does usually tout fitness first. For those who feel that they need
        1,038 words
      • Article, Illustration
        Lock icon Stress busters
        647 37  -  Christopher Lim KEEPING up with the latest expensive gadgets is often a source of stress, but some things seem just tailor-made for washing away the day's tension instead of adding to it. Unsurprisingly, these are typically devices that excel at distracting you with sight or sound. Samsung's latest
        647 words
    • DINING
      • Article, Illustration
        Lock icon Economic adjustments
        1904 38  -  Audrey Phoon The economic slowdown has induced some quick thinking on the part of several top restaurants. Instead of slashing prices, they have come up with creative concepts to give diners better value. By Gunther's 36 Purvis Street, #01-03 *****-8955 IF meat is the choice of the wealthy,
        1,904 words
      • Article, Illustration
        Lock icon For your dining convenience
        1233 39  -  Jaime Ee Audrey Phoon Jaime Ee Jaime Ee In addition to innovative deals that offer better value for money, restaurants are also turning their attention to home delivery options as a complementary service Maru Food www.marufood.sg TWENTY per cent cheaper. And possibly more. These are the
        1,233 words
    • ENTERTAINING
      • Article, Illustration
        Lock icon Seafood specialist
        960 40  -  Audrey Phoon HAVING grown up in the "heel" of boot-shaped Italy, Giovanni Speciale knows food like the back of his foot. After all, Puglia, the region that the chef is from, is framed by olive groves and three seas, and it supplies nearly all of the country's olive
        PHOTOS BY YEN MENG JIIN  -  960 words
    • TRAVEL
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        Lock icon Romantic Venice
        1240 41  -  Geoffrey Eu You don't need to be a disciple of Casanova to be in the mood for love when you're in this intoxicating fairytale city. By WHEN it comes to a city that perfectly embodies the notion of romantic love, there's no need to look any further than
        EMIRATES  -  1,240 words
    • HOME & GARDEN
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        Lock icon ROOF WITH A VIEW
        838 42  -  Geoffrey Eu personal space Tucked away in the Balestier Road neighbourhood is a newlyweds' cozy love nest with a uniquely appealing rooftop terrace. By BEING pragmatic Singaporeans, Henry Sim and Grace Koh started looking for their first home together six months after they started dating, before
        YEN MENG JIIN  -  838 words
    • WEEKEND WITH
      • Article, Illustration
        Lock icon Going platinum
        962 43  -  Geoffrey Eu Chia Cheng Guan, 92, and his wife Janet recently celebrated 70 years of marriage a testament to the fine art of growing old gracefully together. By I WEEKEND I WITH I CHIA CHENG GUAN FORMER HEAD OF UMW CHIA Cheng Guan is a creature of habit
        YEN MENG JIIN  -  962 words
    • HEALTH
      • Article, Illustration
        Lock icon A skin-deep problem
        800 44  -  Cheah Ui-Hoon Doctors have discovered that the skin itself can be the cause of atopic dermatitis, as it may lack certain proteins which help to protect it. By ANEW understanding of a cause of common skin problems has emerged the skin itself is to blame. "Recently we
        800 words
    • SPORT
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        Lock icon Forget the point, iust do it!
        767 45  -  Vincent Wee no holds barred vmcewee.com.sg Correspondent THE windy season is drawing to a close in this part of the world, and over these two weekends Singapore sailors have been enjoying the last of the breeze with the final event of the sailing season
        767 words
      • Article, Illustration
        Lock icon Cricket survives terrorism's body blow
        901 45  -  Khalid Husain khalidh@sph.com.sg Executive sub-editor AFTER being dealt a severe blow by last year's deadly terrorist attacks in Islamabad and Mumbai, international cricket on the Indian sub-continent is slowly but surely returning to the pitch, after withdrawing to the pavilion amid safety concerns. The account
        901 words
    • GOLF
      • Article, Illustration
        Lock icon Teeing off when the economy's down
        1355 46  -  Justine Moss Membership fees are falling sharply bu^veralhrvenuehasiY^^ been hit, say some local clubs.l By WITH the global credit crunch affecting all aspects of the golf industry, there could be some bargains to be had out there. Local club membership prices have been heading
        1,355 words
    • MOTORING
      • Article, Illustration
        Lock icon Lexus's crossover coup
        688 47  -  Samuel Ee SPECS Lexus RX3SO ;ine 3,456 cc V 6 Transmission 6-speed auto Max power 274 hp 6,200 rpm rque 346 Nm 4,700 rpm >0 kmh 8.0 sees op speed 200 kmh Price from $165,000 (with COE) Distributor Borneo Motors 6475-1288 THE RX NOW FEELS SPORTIER, WITH
        688 words
      • Article, Illustration
        Lock icon Mini convertible, maximum fun
        620 48  -  Samuel Ee The latest edition of the Mini Cooper S Cabrio is definitely a worthwhile indulgence TRUST the people who came up with the first premium small car to create something cutely different with their latest edition. The new Mini Cooper S Cabrio has a meter
        620 words
      • Article, Illustration
        Lock icon 2 doors good, 4 doors better
        548 49  -  Samuel Ee The Passat has edged up the luxury scale as a four-door coupe EVER yearned for a Mer-cedes-Benz CLS but didn't want to pay three-pointed star prices? The good news is that there is now another "four-door" coupe on the market and it's
        548 words
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      800 42 wineidine with BTWeekend Pine Court Chinese Restaurant Peach Blossoms Level 5, Level 35, Orchard Wing Marina Mandarin Singapore Meritus Mandarin Singapore 6845-1111 333 Orchard Road Weekend Dim Sum A La Carte Buffet 5 6831-6262/88 On afternoons of weekends and public Relish exquisite Cantonese cuisine featuring holidays, indulge in a sumptuous
      800 words
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