The Business Times, 17 February 2009

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Microfilm: NL29655
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    19 1 THE BUSINESS TIMES ssi .00 online at http://www.businesstimes.com.sg «v a Singapore press holdings publication coregnnoi9B4o2B6Be mica(p)l97/08/2008 Tuesday, February 17,2009
    19 words
  • Article
    Lock icon SIA to slash capacity, talks with unions to cut costs
    619 1  -  VEN SREENIVASAN Action needed fast to improve chances of avoiding layoffs By' [SINGAPORE] Faced with the worst operating environment in years, Singapore Airlines (SIA) will slash capacity 11 per cent and has started talking to unions about cutting staff costs.
    619 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      44 1 lorn lay lange 1COMP 907.19 -2.65 IIKKEI225 7,750.17 -29.23 IANG SENG 13,455.88 -98.79 ;et index 446.64 +0.87 JAKARTA COM P 1,342.00 +3.26 IANILACOMP 1,915.79 -3.87 ;eoulcomp 1,175.47 -16.97 ;henzhen b 331.64 +4.27 IUMBAI IND 9,305.45 -329.29 11AM EST Cham )OW Closed IASDAQ Closed
      44 words
    • Article
      Lock icon PRIME RATES
      28 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.91 HONGKONG 5.00 INDONESIA 16.467 TAIWAN 4.826 JAPAN 1.475 KOREA 9.33 BRITAIN 1.00 US 3.25 CANADA 3.00 SWITZERLAND 0.53 INDIA 13.00 Source:
      Bloomberg  -  28 words
    • Article
      Lock icon FOREX
      41 1 IS$ (S$ per US$) 1.51 (US$/S$ per 1.424 2.151 ;URO (US$/S$/E) 1.276 1.931 Foreign currency per US$ 'EN 91.60 60.5I 3.619 2.39I IK$ 7.754 5.121 !AHT 35.18 23.2 lUPIAH 11,805 7,79 1ENMINBI 6.834 4.51 INDIAN RUPEE 48.75 32.2' 1.539 1.01
      41 words
  • Article, Illustration
    Lock icon Japan in stimulus limbo as Q4 GDP dives 3.3%
    742 1  -  ANTHONY ROWLEY Minister rules out immediate new measures to stem dramatic deterioration in economy By in Tokyo JAPAN'S economy shrank by a worse-than-expected 3.3 per cent in the fourth quarter of last year, or 12.7 per cent at an annual rate,
    AFP Photo.AP Graphics  -  742 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      62 1 HOME SALES DRUNK AT G-7? H^f H PROPERTY OPINION W IS Property players look Japanese minister Payout forecasts cut Why this recession JF f Taj beyond black January says not true f H4 for retail Reits is different m PAGE 2 PAGE 17 V, I fa r^ PAGE 28 PAGE
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Japan in stimulus limbo as GDP shrinks 3.3% in Q4
        71 2 JAPAN'S economy shrank by a worse-than-expected 3.3 per cent in the fourth quarter of last year, or 12.7 per cent at an annual rate, marking the most savage contraction in 35 years, the government said yesterday. And the economy is
        71 words
      • Article
        Lock icon SIA to slash capacity, talks with unions to cut staff costs
        57 2 FACED with the worst operating environment in years, Singapore Airlines (SIA) will slash capacity 11 per cent and has started talking to unions about cutting staff costs. The airline said yesterday it will decommission 17 aircraft from its fleet
        57 words
      • Article
        Lock icon Property players look past black January
        79 2 THE 107 private homes that developers sold last month are the fewest since the government started making available monthly home sales data in June 2007, and could mark the nadir in sales volume, industry players reckon. House-hunting season has just begun for the year,
        79 words
      • Article
        Lock icon World Bank report highlights Singapore's achievements
        65 2 SINGAPORE'S development experience warranted a factbox in the recent World Development Report, published annually by the World Bank. In the latest issue released last November, the authors charted the country's move from "slums to world city". "Doing so is a tall order for any
        65 words
      • Article
        Lock icon Business as usual despite financial market crisis
        94 2 IT'S not all doom and gloom in the financial industry. Boutique fund manager Tan Teng Boo, of Capital Dynamics (S) Pte Ltd, intends to hire 30 per cent more to boost his team to 13, look for bigger premises and staff the company's
        94 words
      • Article
        Lock icon Phillip's OTC unit to review business model
        80 2 PHILLIP Securities' over-the-counter (OTC) unit is reviewing its business model, including the cost structure, during this lull market period, head of OTC Capital Ong Teong Hoon told BT. This comes as the payment to get quoted on the OTC platform has risen to
        80 words
      • Article
        Lock icon Aspial tries its hand at the pawnbroking business
        63 2 ASPIAL Corporation formerly known as Lee Hwa Holdings is going into the pawnbroking business and it is not content with just one licence. The jewellery manufacturing and retail group said yesterday that it is applying for pawnbroking licences for four other subsidiaries,
        63 words
      • Article
        Lock icon Pan-United posts 32% jump in Q4 profit to $12.7m
        59 2 PAN-UNITED Corporation Ltd, a fast rising infrastructure and logistics group, posted sparkling results for its fourth quarter ended December 2008. Group net attributable profit rose to $12.7 million, up 32 per cent from a year ago. Likewise, revenue increased to $145
        59 words
    • Article
      Lock icon Property players look beyond black January
      888 2  -  KALPANA RASHIWALA Some see light at end of tunnel for home sales volume if pricing is right By [SINGAPORE] As they say, it is always darkest before the dawn. So it may be with the 107 private homes that developers sold last month. The
      888 words
    • Article
      Lock icon World Bank charts Singapore's rise from slums to world city
      412 2  -  CHEW XIANG Institutional reform was key, says World Development Report By [SINGAPORE] Singapore's development experience warranted a factbox in the recent World Development Report, published annually by the World Bank. In the latest issue released last November, the authors charted
      412 words
    • Article, Illustration
      Lock icon White House signals flexibility on exec pay limits
      397 2 Bloomberg, AP [WASHINGTON] The Obama administration signalled some flexibility on ex-ecutive-pay restrictions passed by Congress, while a leading lawmaker warned that concessions to bailed-out banks are likely to be few and far between. Senior White House adviser David Axelrod said on Fox
      Bloomberg, AP; BLOOMBERG  -  397 words
    • Article, Illustration
      Lock icon Business as usual despite financial market crisis
      666 3  -  SIOW LI SEN Some finance firms are continuing to hire and expand as opportunities arise By [SINGAPORE] It's not all doom and gloom in the financial industry. Some firms small and big are more than holding their own amid the carnage. Boutique fund
      FILE PHOTO  -  666 words
    • Article, Illustration
      Lock icon Capacity cuts may not be enough to lift SIA
      671 3  -  YEN SREENIVASAN COMMENTARY Postponing aircraft deliveries, pruning labour costs needed FIRST it was route cuts. Then came service consolidations. And now Singapore Airlines has announced the biggest capacity cuts since 2003 when it was struggling to fill seats after the Sars
      671 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      680 2 Credit Derivatives Journey into the Eye of the Perfect (Credit) Storm Dates Appropriately defined as the oldest risk prevalent in any financial (and non-financial) ?n M h onno transact'ol1 > credit risk has now been accepted as an asset class of its own. The 19-20 March 2009 introduction of credit
      680 words
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      121 3 .pPPI^Hk \J\ PR Executive A public relations -S| W |J B v^ executive who combines strategy j.^^W W' t'l creat' vi*y ar|d inspires *?&> W^' lr^ innovative brand building would A be able to fire the imagination 4 /i^± ./m Ms, °four next generation. .^^^.^^l Lawyer A legal eagle who
      121 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Few expect sustainable pick up in medium term
      613 4  -  YEN SREENIVASAN STOCKS A 33 per cent fall in China's foreign direct investment, the worst economic contraction for Japan in 35 years, Europe in recession, and continuing debate on the efficacy of US President Barack Obama's massive stimulus package. Not exactly cheery
      613 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      94 4 Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 8 2 0 0 0 3 8 2 Manufacturing 34 45 42 37 49 51 Commerce 12 22 19 12 23 23 )t/Stor/Comms 17 11 18 12 Finance 13 19 10 13 19 10 Construction
      94 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      113 4 TURNOVER C000) MAIN SDQ TOTAL MAIN VALUE C000) SDQ TOTAL Multi Ind 27.944 27.944 60.789 60.789 Manufacturing 125.195 4.454 129.649 63.921 247 64.168 Commerce 52.869 4.719 57.588 48.425 698 49.123 Tpt/Stor/Comms 60.478 150 60.628 97.958 97.963 Finance 22.677 22.677 157.747 157.747 Construction 7.169 1.030 8.199 607 11
      113 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      110 4 Stock name Close Cham Stock name Close Cham CapitaLand 2.740 Noble Grp 1.200 -0.030 CapitaMall 1.310 4-0.010 OCBCBk 4.960 -0.050 CityDev 5.420 -0.050 Olam 1.300 -0.080 Cosco Corp 0.850 -0.030 S IA 10.440 -0.160 DBS Grp 8.200 -0.190 SGX 5.090 -0.030 F&N 2.780 -0.120 SIA Engg
      110 words
    • Article
      Lock icon BROKERS' TAKE
      283 4  -  LYNETTE KHOO Midas Holdings Feb 16 close: $0,525 KIM ENG, Feb 16 MIDAS established a strong presence in the highly specialised aluminium alloy train profiles market in China within a short span. Despite being a late entrant, it has secured an impressive 80 per cent-market share for components
      283 words
    • Article, Illustration
      Lock icon ST Index outlook remains bleak
      312 4  -  KEN TAI CHART POINT THE Dow Jones Industrials lost 82.35 points and closed the week at 7,850.41, its lowest point since Nov 21, 2008. Going by the descending triangle formation, a break below key support at 7,449 will re-establish the downtrend while any short-term rebound
      : Bloomberg  -  312 words
    • Article, Illustration
      Lock icon Currencies spill red ink as risk aversion returns
      520 4  -  LARRY WEE CURRENCIES RISK aversion trades resurfaced with a vengeance in Asian currency trading yesterday, following news of more financial sec-tor-led losses on Wall Street last Friday. Weekend reports that the US Senate had finally approved a US$7B7 billion fiscal stimulus package
      Reuters  -  520 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 4 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      62 4 Feb 16 VALUE CLOSE BT OB/OS -150.00+40.00 BT CADI -*****.00 -80.00 BT 10-day MA -*****.00 -15.00 FTSE ST Mid Cap 343.55 -2.87 FTSE ST Small Cap 279.03 -3.01 FTSE ST All Share 403.57 -5.16 FTSE ST China Top 180.79 -1.78 FTSE ST China 176.58 -2.39 UOB Catalist
      62 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      63 4 VOLUME Golden Agri 68,506,000 Capita Land 33,616,000 China Honqxinq 32,094,000 Straits Asia 30,352,000 Sing Tel 22,171,000 Olam 21,364,000 Gent Intl 15,398,000 DBS MBL eCW*****2 14,780,000 Keppel Land 14,596,000 CapitalanMßLeCWo9o6o2 12,970,000 VALUE(S) Capita Land 93,302,120 UOB 70,767,557 Sing Tel 55,987,010 DBS Grp 49,720,160 Olam 28,212,720 Straits Asia 25,706,130
      63 words
    • Article
      Lock icon RISES
      101 4 CLOSE UP OCBCCai 5.1%NCPS 100 9380 80.0 0.9 GLD 10US$ 9242 63.6 0.5 DBS Bk6% NCPS 10 9810 60.0 0.6 OCBC Bk4.5%NCPS 100 8370 60.0 0.7 UOB 5.05%NCPS 100 9650 60.0 0.6 OCBC Bk5.1%NCPS 100 9380 40.0 0.4 Cosmosteel 22 11.0 100.0 ChinaFish 66 6.0 10.0 Jardine C&C 1026
      101 words
    • Article
      Lock icon FALLS
      120 4 BY CENTS CLOSE DOWN 1772-118.1 -4.2 JMH JSH 938 -78.7 -5.3 India Ni 10 886 -36.0 -3.9 MS India 10US! 740 -34.8 -3.0 UOB 1108 -28.0 -2.5 IS MSCI India 100 332 -22.7 -4.3 Straits Trdi 380 -21.0 -5.2 iBS Gr| 820 -19.0 -2.3 S I A 1044 -16.0
      120 words
    • Article
      Lock icon CURRENCIES
      86 4 iere! S$ stands Feb 16 %CHNG CLOSE FRF* 13 YR 2008/2009 S$ LOW S$ HIGH USS 1.5145 -0.63 1.5346 1.3457 Euro 1.9328 0.56 2.2064 1.8640 Pounds 2.1573 1.29 2.8431 2.0356 AS 0.9832 1.31 1.3251 0.9068 Yen* 1.6483 -0.23 1.7278 1.2619 Rupiah* 0.***** -0.16 0.***** 0.***** Baht* 4.3062 -0.57 4.4299
      86 words
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      97 4 The information in this advertisement is provided solely for informational purposes and does not constitute investment advice. It does not take into account your objectives, financial situation and needs. CFDs are leveraged products and have the potential for both significant gains as well as losses. Before investing you should carefully
      97 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Can F&N refuel with food and beverages?
      505 5  -  EMILYN YAP HOCK LOCK SIEW By FRASER and Neave (F&N) is widely known as a blue chip, but it does not look like the market's blue-eyed boy at the moment. The conglomerate's share price has been falling since January and it lost as
      FILE PHOTO  -  505 words
    • Article
      Lock icon Phillip's OTC unit to review business model
      710 5  -  JAMIE LEE Cost structure is one issue, says head of OTC Capital By PHILLIP Securities' over-the-counter (OTC) unit is reviewing its business model, including the cost structure, during this lull market period, head of OTC Capital Ong Teong Hoon told BT in an
      710 words
    • Article, Illustration
      Lock icon SP AusNet faces class-action lawsuit
      414 5  -  LYNETTE KHOO Groups in Victoria state claim its power lines caused bushfires By SP AusNet, a subsidiary of Singapore Power, is facing a class-action lawsuit relating to the bushfires that have ravaged south-east-ern Australia. The Australian electricity and gas distributor said yesterday that a writ
      414 words
    • Article
      Lock icon Five firms warn of losses, lower profits
      478 5  -  NISHA RAMCHANDANI By FEELING the impact of the economic slowdown, at least five companies issued profit guidance yesterday. Advanced Integrated Manufacturing Corp and United Food Holdings warned of fourth-quarter and full-year 2008 losses, while Full Apex Holdings, Financial One Corp and AnnAik stated
      478 words
    • Article, Illustration
      Lock icon Jewellery firm Aspial goes into pawnbroking business
      410 6  -  OH BOON PING Group secures one licence and is applying for another four By ASPIAL Corporation formerly known as Lee Hwa Holdings is going into the pawnbroking business and it is not content with just one single licence. The jewellery manufacturing and retail
      FILE PHOTO  -  410 words
    • Article
      Lock icon Underwriters shy away from smaller firms
      469 6  -  JAMIE LEE Their rights issues come with higher risk, say bankers By BANKS and corporate finance firms are less likely to underwrite rights issues by smaller companies given the higher risk, bankers say. This comes as the number of rights issues is set to
      469 words
    • COMPANY BRIEFS
      • Article
        Lock icon Marco Polo secures buyer for AHTS vessel
        46 6 MARCO Polo Marine has secured a buyer for an anchor handling towing and supply (AHTS) vessel currently being built at its Batam yard for US$l5.5 million. The vessel is scheduled to be completed and delivered by Sept 30, 2009.
        46 words
      • Article
        Lock icon Istithmar's stake in Hyflux down to 4.6%
        35 6 HYFLUX Ltd said Istithmar World PJSC's stake in the water treatment company has been cut to 4.60 per cent from 6.50 per cent after a series of transactions.
        35 words
      • Article
        Lock icon Cerebos buys 60% of Toby's Estate
        46 6 Cerebos Pacific said its Australian subsidiary, Cerebos (Australia) Limited, has bought 60 per cent of Toby's Estate for A 53.575 miUion (553.524 million) via a share sale agreement. Toby's Estate is a gourmet coffee roaster and tea and chocolate merchant.
        46 words
      • Article
        Lock icon SAC Capital approved as continuing sponsor
        35 6 SINGAPORE Exchange SGX) said SAC Capital Private Limited has been approved as a continuing sponsor on Catalist. With this, SGX now has nine continuing sponsors and 11 full sponsors.
        35 words
      • Article
        Lock icon OKP Holdings 2008 net falls 13.4% to $9.5m
        75 6 INFRASTRUCTURE and civil engineering firm OKP Holdings yesterday reported a net profit of $9.5 million for the full year ended December 31, 2008, down 13.4 per cent from the $11.0 million it made in 2007. The drop in profit was was mainly
        75 words
    • Article, Illustration
      Lock icon Bukit Sembawang slips 3.7% on news of 'dilutive' rights issue
      387 6  -  JOYCE HOOI By PROPERTY developer Bukit Sembawang Estates' share price dropped by 3.7 per cent in trading yesterday, closing at $3.66 on news of its rights issue of shares with detachable warrants, a move that analysts called "extremely dilutive". The
      FILE PHOTO  -  387 words
    • Article
      Lock icon Olam again offers bond-exchange plan for notes due in 2013
      576 6 Bloomberg OLAM International Ltd offered holders of U*****.4 million of convertible bonds due in 2013 an option to exchange them for replacement bonds at 78 per cent of the principal to reduce borrowings and help preserve cash. The Singapore-based agricultural
      Bloomberg  -  576 words
    • At a glance
      • Article
        Lock icon Full year ended Dec 2008
        60 6 1 Pan United 2 China Animal Healthcare 3 OKPHIdgs 4 Asia Enterprises Notes: Net profit refers to profit attributable to equity holders. Exchange rate: RMBI =550.211 nm: not meaningful :URRENT PREVIOUS (S,m) CHNG CURRENT PREVIOUS (Sl.nn) CHNG 50.13 33.30 50.5 553.05 436.99 26.6 29.18 12.44
        60 words
      • Article
        Lock icon Three months ended Dec 2008
        31 6 URRENT PREVIOUS CHNG (Sl,m) CURRENT PREVIOUS (S,m) CHNG 12.74 9.68 31.6 145.00 123.84 17.1 7.29 -2.47 nm 20.53 18.19 12.9 3.02 3.28 -7.9 27.60 36.95 -25.3
        31 words
    • Article
      Lock icon Asia Enterprises posts Q4 loss of $16.2m
      381 6  -  > ZEINAB YUSUF By HIT by a big inventory writedown and lower sales, Asia Enterprises Holding found itself $16.2 million in the red for the fourth quarter ended December 2008 against a net profit of $3.34 million for the previous corresponding quarter. The
      381 words
    • Article, Illustration
      Lock icon Pan-United posts 32% rise in Q4 profit to $12.7m
      331 7  -  LIEWAIQING $2.6 m gain from investment property disposal helped push its results By PAN-UNITED Corporation, an infrastructure and logistics group engaged in port and logistics, shipping and basic building materials activities, has posted a 32 per cent year-on-year rise in net
      FILE PHOTO  -  331 words
    • Article
      Lock icon Q4 profit of 34.5m yuan for China Animal Healthcare
      392 7  -  VICTOR KATHEYAS By CHINA Animal Healthcare Ltd, which manufactures and distributes animal drugs, posted a net profit of 34.5 million yuan (557.7 million) for the fourth quarter ended December 2008. This compares with Q4 2007's net loss of 11.7 million yuan,
      392 words
    • Article
      Lock icon M&C Hotels NZ's 2008 earnings fall 26.6%
      402 7  -  UMA SHANKARI Sharp drop in visitors in Q4, lower returns from subsidiary cited By CITY Developments' New Zealand hotel arm Millennium Copthorne Hotels New Zealand said yesterday that net profit for 2008 fell 26.6 per cent as the company saw a sharp downturn
      402 words
  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      125 5 h servcorpK'";::" :r:::.s A^l B^^^m^ fl^^ESj L B^^^! wSm 332 SB www.servcorp.com.sg H^H E9 I Everything But The Overheads... I From $99* per month! Ji No set up fees, no security deposit, month to month flexibility jM Prestigious address for your business cards and letterhead m Access to over 300
      125 words
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      104 6 Our qualified professionals WJm-L can assist you with offshore j structures, shelf companies and incorporations in ALL jurisdictions including: I British Virgin Islands P^U^^^^^^L Cayman Islands Bahamas I Seychelles I Hongkong Samoa Full nominee, management, secretarial, banking and corporate administration services are available. We also specialize in offshore trusts for
      104 words
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      Lock icon Page 6 Advertisements Column 2
      102 6 Fantasy Waterbeds Pte Ltd &I^% Where Sleep Matters. "^V: Take a permanent break from your aches, /-px /"i Designed for maximum comfort to .Ay soothe the most tired and aching I \^J ~J I muscles, you can finally experience V J If* complete holistic sleep and all the benefits that
      102 words
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
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      56 words
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      Lock icon Page 7 Advertisements Column 2
      53 7 C o>"@siM se} unr Hlk Carmen Orlandi mfct W^W^ Assistant Manager Tan Tock Seng Hospital i Class of 2008 Integrates learning into her workplace. s'k Leads the way in service excellence. v SIM has brought out the best in her. W HM MRR IM Pfl HUM wSk THE UNIVERSITY OF
      53 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Accountants bearish on economy: ICPAS survey
      515 8  -  CHEW XIANG 90% of 600 polled expect the economy to worsen in the next six months By MORE bad news has surfaced on the business confidence front. Accountants see the economy worsening in the next six months, according to a survey by the Institute
      515 words
    • Article
      Lock icon Most SMEs plan no staff cuts in H1
      498 8  -  CHEN HUIFEN Survey finds 10% see headcount rise, 2% expect reduction By DESPITE being among the most pessimistic in the region, small businesses in Singapore say they expect to keep their headcount unchanged, according to a recent survey by HSBC. The half-yearly
      498 words
    • Article
      Lock icon Millipore opens $2m training centre
      309 8  -  CHEN HUIFEN By LIFE science instrument maker Millipore Corp has opened a $2 million training centre in Singapore to cater to customers that are building plants here. Located at Science Park 2, the 8,000 sq ft facility is the company's biggest in the region. It
      309 words
    • Article, Illustration
      Lock icon Every point counts
      175 8 IT was a scene of furrowed brows and intense discussion among students participating in the qualifying round of the SPH Foundation business quiz over the weekend. Undergraduates slugged it out over a series of questions relating to the financial industry as well as to other local and
      ARTHUR LEE  -  175 words
    • Article
      Lock icon Apec officials tackle trade financing issues
      470 8  -  CHUANG PECK MING By IN addition to trade protectionism, senior officials who kicked off this year's meeting of the Asia-Pacific Economic Cooperation economies in Singapore yesterday also had to grapple with a new threat to trade trade financing. For the first time, the meeting
      470 words
    • Article
      Lock icon Need for floating oil storage gets more pressing
      446 8  -  RONNIE LIM By LAND-SCARCE Singapore's push to build floating structures for oil and petrochemical storage is becoming more pressing, with the government now identifying potential offshore sites. The move will help address the urgent issue of no space being available on Jurong
      446 words
    • Article
      Lock icon 44% of S'pore based firms will freeze execs' base pay: poll
      331 8 THE salary situation looks bleak for executives, with a survey showing that 44 per cent of Singapore-based companies plan to freeze the base pay of their executives this year. This is higher than the Asian average of 35 per
      331 words
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      2177 9 I %l^estpac Banking Corporation I %i# es t P ac I I Banking Corporation Westpac Banking Corporation and its controlled entities (All figures quoted in Australian dollars) VJUfffPPV I "^WEMENTOFACCOUNTSFORTHEra rTT^^^ STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER Deposits of non-bank customers ?eVeph yon Ne^2 2) 0 902 0
      2,177 words
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  • SME Inc
    • Article, Illustration
      Lock icon Still expanding despite downturn
      832 10 Thorough planning, zero debt, and strong profit track record put Linkers in good stead, reports LYNETTE KHOO THE sluggish economic outlook may have prompted some companies to put their growth plans on hold. Not so for chemicals and polymers supplier Linkers (Far East) Pte Ltd. The
      ARTHUR LEE  -  832 words
    • Article, Illustration
      Lock icon Once bitten, twice not shy for Catcha's founder
      614 10  -  MARISSA LEE By THOSE who plugged into the Internet wave during the late 1990s would remember Catcha.com. The portal shot one of its founders, Patrick Grove, to the status of local icon for the dot.com craze. Later however, the bubble burst and
      FILE PHOTO  -  614 words
    • Article
      Lock icon Stick to business, not red tape
      736 11 PRO-ENTERPRISE CHANGES The Pro-Enterprise Panel framework has changed the way civil servants work and think, writes CHEN HUIFEN AFTER almost nine years and more than 1,700 suggestions, the Pro-Enterprise Panel (PEP) is widening its scope to seek suggestions that can help enhance the business
      736 words
    • Article
      Lock icon Portfolio slumps 7.8 per cent
      435 11  -  TEH HOOI LING By IN YES IOKS still seem to be trying to wind back risk as the economic and market outlook remains far from being clear. Small-cap stocks continue to be sold down. The ferocity of the selling has declined, but a lack of
      435 words
    • Article, Illustration
      Lock icon Throwing electronics into the fashion mix
      928 13 TECHNOLOGY INNOVATION Local womenswear brand Tian taps radio frequency ID for business edge, reports AMIT ROY CHOUDHURY LOCAL fashion label Tian is using RFID (Radio Frequency Identification) technology to add verve and edge to its business thus showing technology goes well with fashion. Specialising
      928 words
    • Article
      Lock icon Help available for technology innovation
      222 13 TECHNOLOGY can help businesses create new products, improve existing processes, find new ways to serve customers and develop new business models. SMEs, in particular, can benefit greatly from creative use of technology because of their small size and flexibility. Many SMEs have used this to
      222 words
    • Article, Illustration
      Lock icon Innovative scheme that needs monitoring
      1080 13 THIS WEEK'S TOPIC Recent parliamentary debate has centred on the impact and relevance of the Jobs Credit Scheme. What are your views on the issue? Do you think the scheme goes far enough in helping to save jobs, and should there be preconditions attached to
      FILE PHOTO  -  1,080 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      138 10 f i iiuMitrTn^i Be ''^BcSPra^l SBV.'% Mfß'xßW* PJgi ■B Financial Facilitator Programme for SMEs An initiative by business associations supported by SPRING Singapore SMEs can approach any one of these EDCs and EBIS for business assistance: EDC@ASME EDC@SICCI EDC@SMCCI (Association for Small and Medium (Singapore Indian Chamber of (Singapore Malay
      138 words
  • Page 10 Miscellaneous
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      524 11 Business and Trade Financing Enhancements The government is enhancing its business and trade financing schemes to support more loans to help local firms gain access to credit in this current economic slowdown. Special Risk-Sharing Initiative npopßiPTiniM LATEST ENHANCEMENTS uco^r\ir i iuin (y^ for one year wjth effect from 1 February
      524 words
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  • EMERGING ENTERPRISE
    • Article, Illustration
      Lock icon Big success with small characters
      950 12 Nanoboy has become larger than life for Scrawl Studios, reports VICTOR KATHEYAS #NIMATION isn't easy," said Wong Chi Kong, chief operations officer of Scrawl Studios Pte "For smooth animation, you need a minimum of 12 frames per second but that's just to draw. You still
      ARTHUR LEE  -  950 words
    • Article, Illustration
      Lock icon WaterTech swims against the tide
      838 12  -  JOYCE HOOI By THERE is wealth to be made from waste, if Water Tech is anything to go by. The environmental engineering specialist that provides integrated systems for water and wastewater treatment started out as a subcontractor for turnkey projects in 2004. Five years later,
      YEN MENG JIIN  -  838 words
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      119 12 f ZW Enterprise This is your chance to give your business a powerful boost with *****,000 in cash (interest-free loan), grants and professional services endorsed by established names in the world of business. Up to three deserving SMEs stand to receive one of the year's most prestigious honours. To apply
      119 words
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  • Page 13 Advertisements
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      29 13 SPRING Singapore Enabling Enterprise This is the fourth of a six-part series brought to you by Spring Singapore and The Business Times highlighting how SMEs are innovating through technology.
      29 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Indonesian economy grows 5.2%, slowest in 2 years
      613 14 Bloomberg Overseas sales fall 20% in December as global recession cuts demand for exports [JAKARTA] Indonesia's economy expanded at the slowest pace in more than two years in the fourth quarter as the global recession crimped demand for the nation's exports. South-east
      Bloomberg; REUTERS  -  613 words
    • Article
      Lock icon Jakarta orders civil servants to buy locally made products
      231 14 AFP [JAKARTA] Indonesian civil servants will be ordered to buy locally made products for everything from clothes to movies under rules intended to boost demand amid the global economic crisis, a senior official said yesterday. "This is an effort for coping
      AFP  -  231 words
    • Article, Illustration
      Lock icon Taiwan works to cushion downturn
      511 14 -AP Infrastructure projects sped up, new jobs created [TAIPEI] The Taiwan government has been working overtime to combat the deepening economic downturn, speeding up proposed infrastructure projects, creating new jobs, and providing citizens with US$lOO spending vouchers. While analysts say the measures won't compensate for
      -AP; REUTERS  -  511 words
    • Article
      Lock icon UK recession deeper than expected: CBI
      363 14 Reuters [LONDON] Britain will fall into a deeper economic recession than previously thought, the Confederation of British Industry (CBI) said yesterday, as tight credit conditions and a global downturn weigh down on companies. And the weak pound will provide little impetus because the severity
      Reuters  -  363 words
    • Article
      Lock icon Asian spending can mitigate downturn
      535 14 -AFP [HONG KONG] Asians should raid their piggy banks and go shopping if the region wants to dodge the worst fallout from the global economic crisis, but analysts doubt entrenched saving habits can be broken. As the global slowdown has spread across the region in
      -AFP  -  535 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon Calls for bigger stimulus growing
      497 15  -  r S JAYASANKARAN Amßesearch joins in, saying package should be 5% of GDP, or RM4Ob By In Kuala Lumpur YET another research house has joined the growing chorus in Kuala Lumpur for a much larger stimulus package that the government intends to present next month.
      AFP  -  497 words
    • Article
      Lock icon In the pipeline: RM2b industrial park in Pahang
      404 15  -  PAULINE NG By in Kuala Lumpur MALAYSIA yesterday announced a "high priority" plan to set up a major oil and gas and maritime industrial park on the South China Sea at Tanjung Agas in Pahang. Located in the royal town of Pekan,
      404 words
    • Article
      Lock icon Wealth of top 40 tycoons down RM76.Bb
      442 15  -  S JAYASANKARAN By In Kuala Lumpur THE global economic slump has begun eroding the wealth of Malaysia's rich and famous. According to Malaysian Business's annual survey of the country's wealthiest, the equities meltdown caused RM76.8 billion (Ss32 billion) to be wiped out from
      442 words
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      618 15 C Cap/taLand SINGAPORE PRESS HOLDINGS FOUNDATION Rights Issue Tr^fl ItSllMS©® (fill fTl^7 ws|> I.oU RHFiW -E>iiKM>J^S)S>^ per Rights Share sj!3|H| One (1 Rights Share for every two (2) existing Shares held as at I f J Books Closure Date (23 February 2009 at 5.00 p.m.) """^lafcii? Hi fs\ I II
      618 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Govt might up spending to shield economy: Mukherjee
      665 16 Reuters Ruling coalition is using mini-budget to woo voters ahead of a general election [NEW DELHI] India said government spending may have to jump later this year to shield the economy from a global slump and stem job losses, as the ruling
      – Reuters; REUTERS  -  665 words
    • Article, Illustration
      Lock icon Signs of China stimulus package working
      658 16 Bloomberg Economy seeing good growth in corporate, household credit [BEIJING] China's economy is showing signs that a 4 trillion yuan (US$BB4 billion) stimulus package is taking effect. The world's third-big-gest economy may expand 6.6 per cent in the second quarter after slowing to 6.3
      Bloomberg; AFP  -  658 words
    • Article, Illustration
      Lock icon Indian parties flex election campaign muscles
      710 16 ■AFP [NEW DELHI] The dates for India's pending general election have yet to be set, but major parties have already begun unofficial campaigns, with Pakistan, terrorism and Hindu nationalism among the key issues. The world's largest democratic exercise involving 670 million voters will cover
      ■AFP; REUTERS  -  710 words
    • Article
      Lock icon Dickson to lose Polo, Ralph Lauren
      259 16 Bloomberg [SHANGHAI] Dickson Concepts (International) Ltd, operator of Harvey Nichols stores in Hong Kong, will lose its licence for "Ralph Lauren" and "Polo" brand products from Polo Ralph Lauren Corp on Jan 1, 2010. The Hong Kong-based company will get an US$lB.2 million payment
      Bloomberg  -  259 words
    • Article
      Lock icon FDI in China tumbles 32.6% in January
      387 16 Bloomberg [BEIJING] Foreign direct investment (FDI) in China declined for a fourth month in January as companies cut back on spending to weather the global financial crisis. Investment fell 32.6 per cent to U557.54 billion from a year earlier, the commerce ministry said
      Bloomberg  -  387 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Japan minister denies being drunk at G-7
      722 17 Reuters Shoichi Nakagawa blames medication for behaviour at press conference [TOKYO] Japan's finance minister yesterday denied that he had been drunk at a G-7 news conference but the Opposition demanded he be fired, piling pressure on unpopular Prime Minister Taro Aso ahead of
      Reuters  -  722 words
    • Article
      Lock icon ECB's Stark warns against aggressive rate cuts
      646 17 Reuters [LONDON] Aggressive cuts in eurozone interest rates would exacerbate uncertainty given the European Central Bank (ECB) does not see any risk of deflation, executive board member Juergen Stark was quoted as saying yesterday. "Gradualism has remained a critical aspect of our monetary
      – Reuters  -  646 words
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      Lock icon J&J tops Barron's list while GE free-falls
      364 17 ■Reuters [NEW YORK] Healthcare and consumer giant Johnson Johnson (J&J) sits atop an annual list of global corporations held in highest esteem for the second year in a row, while General Electric Co (GE) has slipped well below the top five spot it
      ■Reuters; AFP  -  364 words
    • Article
      Lock icon No plans to nationalise Lloyds: UK govt
      364 17 Bloomberg More investor capital needed if HBOS losses worsen [LONDON] The UK government said it doesn't plan to take full control of Lloyds Banking Group pic after the lender warned of a £10 billion (5521.64 biUion) loss at its HBOS pic mortgage unit.
      – Bloomberg  -  364 words
    • Article, Illustration
      Lock icon Wireless industry remains bullish in tough times
      331 17 ■AP [BARCELONA] Chances are, you have a mobile phone in your pocket or your purse. That is one reason the wireless communications industry is feeling more bullish than most in these tough economic times. "I do think that mobile phones are so much
      ■AP; AFP  -  331 words
    • Article
      Lock icon Siam Cement may invest in troubled companies
      251 17 Bloomberg [BANGKOK] Siam Cement pel, Thailand's fourth-largest publicly traded company, said it may acquire other businesses in South-east Asia to expand outside its domestic market. Siam Cement is "in talks" with two to three companies that have financial problems, president Kan Trakulhoon said
      – Bloomberg  -  251 words
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  • WORLD
    • Article, Illustration
      Lock icon Speed is of the essence, Geithner told
      762 18 Bloomb- erg G-7 finance ministers urge US to move quickly to fix its banking system [ROME] Finance chiefs from the Group of Seven nations joined the chorus of US investors and lawmakers pushing Treasury Secretary Timothy Geithner to move faster to fix the
      Bloomb-; erg; REUTERS  -  762 words
    • Article
      Lock icon White House may need to rethink bipartisan aims
      735 18 Reuters [WASHINGTON] President Barack Obama's crucial victory in getting a US$7B7 billion economic stimulus plan through Congress was achieved quickly, but his hopes of gaining a bipartisan consensus died an early death. The bitter Washington debate over the stimulus plan, which the
      – Reuters  -  735 words
    • Article
      Lock icon Box office receipts soar in bad, scary times
      511 18 LAT-WP More people turn to movies despite a cutback on spending [HOLLYWOOD] In this economy, it's no fun to look for work, so this weekend Josh Navarro tried to distract himself by seeing a movie. He picked something even scarier than the
      LAT-WP  -  511 words
    • Article
      Lock icon US auto industry must undergo broad restructuring: official
      439 18 [WASHINGTON] The US auto industry must undergo a broad restructuring, requiring sacrifice on the part of auto workers, creditors, shareholders and the executives who run the companies, if it is to thrive again, White House senior adviser David Axelrod said on Sunday.
      439 words
    • Article
      Lock icon Visa, MasterCard slash costs to sustain earnings
      582 18 Reuters [NEW YORK] As cash-strapped US consumers think twice before buying a coffee or a newspaper, and banks fight for survival, Visa Inc and MasterCard Inc are cutting costs to sustain earnings. In their latest quarterly results, the world's largest payment networks beat
      Reuters  -  582 words
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  • SHIPPING/AVIATION
    • Article
      Lock icon Container volume here continues to fall
      267 19  -  VINCENT WEE Transhipment at the port of Singapore plunges 19.6% to 1.97 m TEUs By THE trend that started in the last quarter of 2008 kicked in fully in January as transhipment at the port of Singapore plunged 19.6 per cent to 1.97 million
      267 words
    • Article
      Lock icon MMC can now sell Johor port stake to foreign firms
      536 19 [KUALA LUMPUR] The Malaysian government has allowed MMC Corp Bhd to talk to foreign parties on the proposed sale of its port in Johor, relaxing an earlier stand, according to a report in Malaysia's Business Times, citing sources. This would
      536 words
    • Article, Illustration
      Lock icon ANA cuts fuel surcharges to lowest since 2005
      255 19 [TOKYO] All Nippon Airways Co (ANA), Japan's sec-ond-largest carrier, plans to reduce fuel surcharges to the lowest since 2005 to reflect jet kerosene's plunge from record-high prices and to lure budget-con-scious customers. The airline will slash levies on flights between Japan and
      REUTERS  -  255 words
    • Article
      Lock icon Three European airlines fined A$16m for price fixing
      152 19 Three European airlines fined A $16m for price fixing [SYDNEY] An Australian court has fined three Europe-based airlines a total of Asl6 million (5515.8 million) for price fixing, the country's competition watchdog said yesterday. The Federal Court fined Air FranceKLM As 6 million after it admitted fixing fuel surcharges in
      152 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2571 19 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:
      2,571 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        116 19 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWT Ltd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KlVentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Man Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.26 0.17 0 85 0 33 0
        116 words
      • Article
        Lock icon KLSE
        36 19 '000 nt'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Bhd unch 8 55 8 70 2 78 2 50 unch unch unch 0.05 -0.01 0.02 unch 0 10 324 1011 10 0
        36 words
      • Article
        Lock icon BANGKOK
        12 19 '00 'recious Ship Regional Cont 13.60 6.80 0.10 -0.30 718; 3331
        12 words
      • Article
        Lock icon HONGKONG
        6 19 '000 toil 18.38 0.08 421
        6 words
      • Article
        Lock icon PHILIPPINES
        21 19 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.20 11.50 unch unch unch unch unch unch 14; 16! I
        21 words
      • Article
        Lock icon TAIPEI
        19 19 Evergreen Marine ...13.35 :irst Steamship 33.60 Wan Hai Lines 13.50 fang Ming Marine 9.25 -0.05 -0.40 -0.20 -0.07
        19 words
      • Article
        Lock icon TOKYO
        37 19 '000 :awasaki Hvy Ind ..165.00 2.00 8240 :awasaki Kisen 345.00 unch 6293 Mitsubishi Hvy 303.00 unch ***** /litsui Eng&Sbldg...149.00 1.00 4712 /litsui Osk Lines 535.00 -12.00 ***** Jippon Express 316.00 2.00 3551 lipponYusen 440.00 -1.00 7411
        37 words
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      183 19 BT/ZUJI Deals of the Week TJuTJ© (JldfltfQO SDWSB BSD©® §1 o©§>(i ©(rD ltyT)©§(§ (n]©lo(s)M)W UfelGftlSo \!^®IML[Q) ®[}\l] W W®RILO' 0M SALE! jJ: DEAL OF THE WEEK ECONOMY CLASS (fr BUSINESS CLASS PACKAGE (frs) (Flight+4 star hotel) $836 Etihad Airways* 4D3N $2,401 Etihad Airways* DESTINATION ECONOMY CLASS HOTEL BUSINESS CLASS PACKAGE
      183 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      357 19 CRYPTIC CROSSWORD 1 Resort putting foot down on drug reform (8-6) 9 Teenager gets drunk on 12 Holly and Ivy starts getting the French cross! (4) FM WM^\ 13 Sportsman's bottom line MM^^Mm 15 How to secure apartments Hi? I occupied by a rugby player? __M Ml—M H__BH__H M__ 16
      357 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Low returns, high risk will be the norm
      478 20 MORE than a year since the financial crisis started and about 15 months after the last all-time high for stock markets, it is disappointing to see that stockbrokers and equity research houses who repeatedly got it wrong throughout 2008 continue to issue
      478 words
    • Article, Illustration
      Lock icon Pakistan dodges crisis impact -for now
      1244 20  -  IFTIKHAR A. LODHI But it needs to address its structural challenges quickly, or succumb like most others By TO the world, escalating insurgency and terrorism in the nuclear-armed Pakistan may appear to be the gravest threat to global security. However, for many in the
      AP  -  1,244 words
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      Lock icon British bankers' spin unravels at hearing
      808 20  -  NEIL BEHRMANN THE BOTTOM LINE THANK heavens for the UK Parliamentary Treasury Select Committee. In a two-day hearing last week, it enabled a key whistleblower to come out in the open and unravel the spin of British bank chiefs and Prime Minister Gordon Brown.
      808 words
    • Article, Illustration
      Lock icon Why this recession is different
      1642 21  -  AXEL LEIJONHUVFUD Unlike past episodes, it resides in the state of balance sheets and about half of the losses belong to financial institutions By HIS is not an ordinary I recession that differs from other recent episodes simply by being somewhat more severe. It differs
      REUTERS  -  1,642 words
    • Article, Illustration
      Lock icon Bernard Madoff, a metaphor for America
      850 21  -  PAUL KRUGMAN -NYT BY NOW everyone knows the sad tale of Bernard Madoff s duped investors. They looked at their statements and thought that they were rich. But then, one day, they discovered to their horror that their supposed wealth was a figment of
      -NYT  -  850 words
    • Article
      Lock icon Council backs economic cooperation, fight against protectionism
      362 21 LETTER TO THE EDITOR I REFER to the article "Singapore to host Apec meeting" (BT, Feb 13). The Apec Business Advisory Council (ABAC), which I chair in 2009, welcomes the Apec delegates who are in Singapore this week for their senior officials meeting.
      362 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8619 22 Transaction date: Feb 16 52-wks Tel |h Low Code Last Sale Vol Cooo) Hi: Day Last Quote )h Low Buyer Seller Div Gr Yld C'vr Net P/E M Cap Sinil Hi! Com| >ari] 9 3 3148 8Telecom 12.5 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 30.5
      8,619 words
    • Article
      Lock icon SGX CATALIST
      1798 23 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      1,798 words
    • Article
      Lock icon SGX XTRANET
      68 23 52-Wk Tel High Low Code Last Sale Vol COOO) Day Last Quote Ih Low Buyer Seller Div GrYld Net MCap C'yr P/E $mil Comi _Hm ***** ***** 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS 335 158
      68 words
    • Article
      Lock icon CLOB INTERNATIONAL
      74 23 52-Wk Tel High Low Code Last Sale Vol Cooo] Day Last Quote |h Low Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi >an' Hii 86.5 29.5 6000 AVJennings 11 4 6134 Over&Gen 26 6 6017 StarCruises 248 104 6019 TanChonglnt A33 A8 US8.5 HK107 +3 +0.5
      74 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8871 23 UNIT TRUSTS FUNDS UNIT TRUSTS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.427/ AIGIF Spore Bond Fund/A 1.202/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.65/ APS Alpha Fund (USD)!** 0.43/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5613/ APS
      8,871 words
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      50 22 m 11 liP^SSirt IbSm the edward p|guet watch Le maltre de I'horlogerie depuis 1875 <^<|p§3r' 'l/ltlHi THE WATCH OF YOUR LIFE V^^B M Vv' Wit Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED m^/ 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 Internet: Http://www.audemarspiguet.com
      50 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      367 24 In local curr In S$ In USS %dy %yr dy yr dy yr Index Change Change Change Change Change Change Feb 13 World Index Preliminan 629.0 -0.2 -7.2 -0.3 -4.7 0.1 -8.' EAFE Preliminai 603.4 0.5 -7.0 0.6 -6.5 1.0 -10.1 Euro[ Prelim inan 857.5
      367 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      131 24 As at 9am Feb 16 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9820 1.0380 Can dollar 1.2100 1.2240 Euro 1.9230 1.9440 NZ dollar 0.7820 0.7990 Sterlini md 2.1410 2.1651 US dollar 1.5050 1.5210 Local dollars to 100 units of foreign
      131 words
    • Article
      Lock icon INTERBANK RATES
      172 24 Feb 16 Overnight 3/8 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 3/16 US$ Offer 1/4 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months 12 months $Au 0.40 0.58 1.10 1.40 1.85 2.30 2.40 Offer 0.30 0.48 0.80 1.10 1.55
      172 words
    • Article
      Lock icon STOCK INDEX FUTURES
      25 24 Feb 16 ten Hii Sett STI SIMSCI Feb 205.8 207.3 203.6 Taiwan Feb 173.1 174.9 174.0 Source: MF Global (S) He. Ltd
      25 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 24 Feb 16 S$ Bid Offer 1-month 1.5136 1.5151 2-months 1.5130 1.5146 3-months 1.5125 1.5141 6-months 1.5111 1.5130 Source: OCBC
      22 words
    • Article
      Lock icon PALM OIL
      62 24 Feb 16 Delivery Month Opening Range Sett Av Price Price Hi Vol Open Done Position Low Feb 09 1986 1950 2035 1948 726 9106 Mar 09 1999 1928 2024 1927 3992 ***** Apr 09 1995 1922 2017 1920 9966 ***** May 09 1991 1915 2011 1915 2619 1632
      62 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      302 24 Feb 16 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar09 Jun09 Sep09 Dec09 98.7350 98.7150 98.7150 98.6350 ***** 4994 5313 2069 EUROYEN TIBOR FUTURES Mar09 99.350 99.350 Jun09 99.470 99.470 Sep09 99.530 99.530 Dec09 Mar10 Jun10 Sep10 DedO 99.350 99.470 99.530 99.350 99.465 99.530 99.530 99.490
      302 words
    • Article
      Lock icon SICOM FUTURES
      181 24 Feb 16 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l lots) Mar 09 Apr 09 May 09 Jun 09 Jul 09 154.0 Aug 09 154.0 150.0 151.5 152.5 152.5 152.5 152.5 40 20 20 20 60 40 533 1047 874
      181 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      87 24 Feb 16 Period Issue code Maturity Yesterday's Bid Hi' Day's |h Low 3-Month BQ*****T 21.05.09 1-Year BY*****V 02.11.09 0.24 0.35 0.23 0.20 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0E 3.125 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A 4.000 15-Year
      87 words
    • Article
      Lock icon CHICAGO BOT
      103 24 Feb 13 (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 09 955.50 968.50 981.50 955.00 May 09 957.75 971.50 983.50 956.50 Jul 09 962.00 976.00 986.50 961.25 Aug 09 950.00 964.00 974.00 950.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 09 33.00 32.83 33.29 32.54
      103 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      78 24 CRUDE OIL PRODUCTS Feb 13 CRUDE (FOB origin) USS/barrel Close Cham Brent blend (1-Mth F) 45.26 -0.08 WTI (Near Mth) 37.78 3.79 Dubai (1 -Mth F) 44.91 0.92 Tapis blend 50.00 0.75 Minas 47.20 1.20 PRODUCT USS/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 48.60 53.60 -0.85 0.30 USS/barrel Opec
      78 words
    • Article
      Lock icon INTERBANK CROSS RATES
      462 24 Feb 16 AS CS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.808 4.441 0.509 5.039 31.677 76.715 0.595 9.278 2.352 1.251 51.832 30.842 0.984 6.522 0.759 22.270 22.858 0.456 0.650 Canada 1.238 5.499 0.631 6.239
      462 words
    • Article
      Lock icon SIBOR
      77 24 Feb 16 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 1.***** 0.***** 6 mths 1.***** 0.***** 9 mths 1.***** 0.***** 12 mths 2.***** 0.***** SWAP Offer rates 1 mth 2 mths 3 mths (S$) ...0.***** ...0.***** ...0.***** 6 mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP
      77 words
    • Article
      Lock icon PRECIOUS METALS
      134 24 Feb 16 /oz) Hong Kong London 934.40 937.90 935.40 938.90 Feb 12 Feb 13 943.10 936.15 945.10 937.75 Source: Thomson Reuters CAST BAR (S$) Feb 16 Buying Sellini Kilobar "48,583.35" ***** PAMP GOLD BARS (SS) Selling Buying Igm 5gm lOgm 20gm 50gm lOOgm 1 oz 1 oz UBS
      134 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 24 Feb 16 Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9834 0.9850 0.6496 0.6501 Canadian dollar 1.2177 1.2196 0.8044 0.8049 Euro 1.9307 1.9329 1.2754 1.2757 NZ dollar 0.7860 0.7874 0.5192 0.5197 jterlini md 2.1553 2.1581 1.4238 1.4243 US dollar 1.5138 1.5152
      154 words
    • Article
      Lock icon LONDON METALS
      69 24 Feb 13\ iri iiuiii, yy.i (USS/tonne) Close Previous Cash 1341.75 1341.25 3 months 1377.00 1376.00 Copper, Grade A (USS/tonne) Cash 3 months 3392.00 3430.00 3377.50 3415.00 Lead (USS/tonne) Cash 3 months 1163.25 1170.00 1130.75 1139.00 Nickel (USS/tonne) Cash 3 months *****.00 *****00 *****.00 *****.00 Tin (USS/tonne) Cash *****50
      69 words
    • Article
      Lock icon LIFFE
      73 24 Feb 13 COCOA (£/tonne) Close Prev Hii ih/Low Mar 09 1928 1926 1932/1914 May 09 1905 1904 1909/1893 Jul 09 1898 1898 1900/1890 Sep 09 1890 1890 1895/1880 COFFEE (US$/tonne) Close Pev High/Low Mar 09 1578 1575 1602/1574 May 09 1588 1585 1614/1588 SUGAR (US tonne) White Close Prev
      73 words
    • Article
      Lock icon BONDS & WARRANTS
      2247 24 BONDS WARRANTS rei lode Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ("000) Ratio Price ing Left '058 Advance Modules Grp W*****3 6 susp >036AdvanceSCTLtdW*****9 0.5 1 17 156 1.50 1 87 1491 11.00 42 18 5092 Asia Environment W*****4 0.5 1 38 221 24.00 6
      2,247 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Dubai's property sector to get more state aid
      532 27 Reuters Possible merger for troubled mortgage financiers Amlak Finance, Tamweel [DUBAI] Dubai-based real estate and construction companies could get more help from the state, a member of a Dubai committee formed to tackle the fallout of the global financial crisis said yesterday.
      – Reuters; BLOOMBERG  -  532 words
    • Article
      Lock icon McMansions falling out of favour in America
      988 27 -NYT Developers building smaller and cheaper houses in US now [NEW YORK] A year and a half ago, when Len Axinn started building Sweet Woods, a new 10-home cul-de-sac community of 2,600 to 3,350 square foot McMansions in Port Jefferson Station, New York,
      -NYT  -  988 words
    • Article
      Lock icon Record Japan property loans set to mature
      259 27 v. ill ocjjai c Bloomberg [HONG KONG] A record 1.16 trillion yen (5519.17 billion) of property loans backing Japanese securities will mature next year, Moody's Investors Service said. Loans backed by office buildings comprise the biggest, followed by those for retail and residential
      v. ill ocjjai c – Bloomberg  -  259 words
    • Article
      Lock icon Dubai Holding to restructure ops, cut costs
      515 27 Reuters [DUBAI] Dubai's biggest government-linked holding companies unveiled a major restructuring on Sunday, consolidating operations to cut costs as the global downturn hit at the core of the emirate's financial and property sectors. Dubai Holding, owned by the ruler of Dubai and driver
      Reuters  -  515 words
    • Article, Illustration
      Lock icon ÜBS cuts DPU forecasts for retail Reits by 30%
      513 28  -  UMA SHANKARI It sees retail sales here sliding 4-5%; rents falling due to space oversupply By [SINGAPORE] Retail sales here could slide 4-5 per cent this year, says ÜBS Investment Research, which has also cut its distribution forecasts for Singapore's retail
      FILE PHOTO  -  513 words
    • Article
      Lock icon Thai hotelier Centel pushes expansion plans
      618 28 Reuters It is confident that revenue will rise about 10% this year [BANGKOK] Thai hotelier Central Plaza Hotel (Centel) is to push ahead with its expansion despite the global economic crisis, which has dented tourism, and is confident that revenue will rise about 10
      Reuters  -  618 words
    • Article
      Lock icon English, Welsh property prices down
      208 28 Reuters [LONDON] Asking prices for properties in England and Wales were a record 9.1 per cent lower in February than last year at an average £216,163 (*****,238), but prices were 1.2 per cent up on the month, property website Rightmove said yesterday. Rightmove said that
      Reuters  -  208 words
    • Article, Illustration
      Lock icon Mugabe buys £4m home in HK: report
      356 28 Reuters Property said to be one of several he owns in Asia [LONDON] Zimbabwean President Robert Mugabe has bought a £4 million (SsB.7 million) home in Hong Kong, Britain's Sunday Times reported. Citing unnamed sources in Zimbabwe, the newspaper identified an intermediary who
      – Reuters; REUTERS  -  356 words
    • Article
      Lock icon Sales of homes in Spain slump 26% in Dec
      198 28 I -Reuters [MADRID] The number of homes sold in recession-bound Spain fell 26 per cent in December compared with a year earlier, official figures showed yesterday. The National Statistics Institute said 32,403 homes were sold in December versus 43,798 in the
      I -Reuters  -  198 words
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      11 27 Lianhe Zaobao I I Supermarket I Sheng Siong's I [development plan
      11 words
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      462 27 For Lease Office: 565 to 20,000 sqft Outside CBD/ Free Shuttle Bus Service to MRT Station Panoramic city/ sea view Broadband enabled/ SCV Service available Ample carparking space Hong Fok Group j Tel: 6390 2425/6292 8181 8 Tagore Drive Land Size 92,6645qft or 20,000sqft onwards Plot Ratio 2.0 Zone Business
      462 words
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      117 28 ZAP HERE for the latest property updates! To Zap*: 1. Install the ColorCam™ software in your mobile phone by a. typing the word 'Zap sms ***** b. typing "zapcode.sg" in the web browser of your handset 2. Trigger the ColorCam™ software (located either in "Games" or "Applications" folder in your
      117 words