The Business Times, 21 February 2009

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Microfilm: NL29655
Total Pages: 49
1 49 The Business Times
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  • Title Section
    Lock icon Masthead
    15 1 weekend THE BUSINESS TIMES FEB 21-22, 2009 Ssl.oo WWW.busineSStimeS.COm.Sg AN SPH PUBLICATION MICA(P) 198/08/2008 www.businesstimes.com.sg
    15 words
  • Article, Illustration
    Lock icon Riding hot wheels up money mountain
    847 1  -  Joyce Hooi By joyceh@sph.com.sg Singapore AS FINANCIAL wizards watch their wealth dwindle and dreams of en-bloc windfalls crumble, a group of people have been steadily building up profits, not in bricks and mortar, but iron and steel. A growing number of motorcyclists in Singapore
    847 words
  • Article
    Lock icon RBS plans Great Asian Sale
    571 1  -  Neil Behrmann Bank seeks buyers for Asian divisions; Stanchart, HSBG may be interested: sources By btworld@sph.com.sg London W HE Royal Bank of Scotland has hired Morgan Stanley to seek potential bidders for its Asian banking divisions, according m to sources close to the discussions. Asked
    571 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      111 1 rtgg§&- J^; f A MOTORING TRAVEL UKBtefcU WEALTH SMART MONEY Picking a good investment Julius Baer chief investment officer V Anantha-Nageswaran and fund manager Marc Faber say go soft, go Asian and go for gold 4 MAN HUNT FBI tracks down US billionaire R Allen Stanford served with legal papers
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    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 2
      23 1 I ;jß''''^:i:^p!^ v _.-..,..,^Hi^^H8l g^^^* Hp *p f! jMflßfl (Ml MmVPMwJIIIPI HSUHH I I M^M THE DELOITTE WAY CEO James Quigley Conversation 6-7
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        45 2 KL COMP 889.71 -9.88 NIKKEI 225 7,416.38 -141.27 HANG SENG 12,699.17 -324.19 ;et 434.67 -6.95 IAKARTA 1,296.94 -26.75 MANILA 1,881.44 -18.36 KOSPI 1,065.95 -41.15 iHENZHEN B 326.27 +6.11 MUMBAI IND 8,843.21 -199.42 11am EST Chanpe 11am EST Change DOW 7,369.81 -105.14 NASDAQ 1,436.41 -6.41
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      • Article
        Lock icon PRIME RATES
        29 2 Bloomberg SINGAPORE 5,38 MALAYSIA 5,91 HONG KONG 5,00 INDONESIA 16,386 TAIWAN 4,826 JAPAN 1,475 KOREA 9,33 BRITAIN UK) US 3,25 CANADA 3,00 SWITZERLAND 0,53 INDIA 12,25 Source:
        .- Bloomberg  -  29 words
      • Article
        Lock icon FOREX
        47 2 US$ (S$ per US$) 1.537 'us: per£; 1.421 2.184 EURO(USI 5/Si 5/Ej 1.259 1.936 Foreign currency per US$, S$ YEN 94.10 61.20 RM 3.676 2.391 hk: 7.754 5.044 BAHT 35.72 23.23 RUPIAH 11,988 7,797 RENMINBI 6.836 4.446 INDIAN RUPEE 49.89 32.45 1.569 1.021 nz: 1.989 1.294
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    • Article, Illustration
      Lock icon It's status quo for Reits on payout ratio
      732 3  -  Kalpana Rashiwala Government's stand is to preserve the stable, high-payout characteristics of the trusts, says minister By kalpana@sph.com.sg Singapore IT'S official. The authorities will not be lowering the minimum payout ratio that real estate investment trusts (Reits) must meet to qualify for
      732 words
    • Article
      Lock icon Wide support for Reits to hold AGMs
      423 3  -  Kalpana Rashiwala By kalpana@sph.com.sg Singapore MARKET participants welcomed the idea of real estate investment trusts (Reits) being required to hold annual general meetings (AGMs), saying that it would be good for corporate governance and transparency. It would also be long overdue. JP Morgan
      423 words
    • Article, Illustration
      Lock icon Go 'soft', go Asian, go for gold
      671 4  -  Jamie Lee Tips from Dr Doom and investment guru at BT-Julius Baer dialogue By leejamie@sph.com.sg Singapore BUY Asian equities, gold and soft commodities. Those were the investment tips from V Anantha-Na-geswaran, chief investment officer at Julius Baer, Asia-Pacific, and fund manager Marc Faber
      ARTHUR LEE  -  671 words
    • Article, Illustration
      Lock icon Financier in fraud probe found, gets served
      339 4 FBI tracks down Stanford in Virginia Virginia, US FBI agents tracked down billionaire R Allen Stanford at the Virginia home of an acquaintance on Thursday and served him with legal papers in a civil case alleging he orchestrated an US$B billion fraud scam.
      Stanford Group  -  339 words
    • Article
      Lock icon Citi, Bank of America shares take a beating
      463 5  -  Conrad Tan Investors fear the two banks will need even more capital to withstand crushing losses from mounting bad debts By conradt@sph.com.sg Singapore THE share prices of major US banks including Citigroup and Bank of America (BoA) continue to slump as fears
      463 words
    • Article, Illustration
      Lock icon For the love of banking and Russian vodka
      592 5  -  Christopher Lim Building an empire on the two businesses makes Roustam Tariko the 3O7th richest man on Forbes list By limchris@sph.com.sg Singapore ROUSTAM Tariko has a joke about what banking and vodka have in common. "Both help you realise your dreams faster,"
      592 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Lock icon Page 2 Miscellaneous Column 1
      64 2 NEWS LIVING Top stories 2-5 Shopping 1.2,3 Raffles Conversation 6,7 Dining L 4-7 Week In Review 8 s^, jn Letter From Abroad T8 Entertaining L 8 World T9-22 Weekend With L 9 Stocks stats 24-27 Travel Llo,n Perspective 28,29 Gadgets Ll2 Wealth 30-36 Health Ll3 Wealth Insights 32 Design L
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  • Page 3 Advertisements
    • Advertisement
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      177 3 ccc IQiUIiBDSSSD Certified Educational Consultants^ BOARD CERTIFICATION'" "We earned $60,000 in January 2009 helping people pursue their (JniVerSitV DegreeS**/' VivienneLeong&PollyChan DON'T MISS! THIS SEMINAR MAY CHANGE YOUR LIFE FOREVER Discover... i l kkkA A a SECRETS How ordinary People With No tUN Mm/ Experience Earn $10,000 in the Education Jl
      177 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Quiet optimist
      2452 6  -  i Anna Teo Amid the prevailing pessimism in unprecedented times, Deloitte's soft-spoken CEO James Quigley remains hopeful. By IN its review of the accountancy market in 2008, the International Accounting Bulletin (IAB) declared Deloitte the "biggest winner" of the year, noting that it was closing in on PricewaterhouseCoopers
      YEN MENG JIIN  -  2,452 words
    • Article
      Lock icon Raffles Hotels & Resorts
      76 6 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
      684 7 Feb 16-20, 2008 GDP blow could send Japan reeling MARKETS are bracing for bad news when Japan announces GDP figures for the final quarter of 2008 a period in which the economy is forecast to have contracted at a double-digit annual rate. Reit managers fail to get payouts
      AFP  -  684 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 1
      175 7 CRYPTIC CROSSWORD 13 Make a formal complaint _H__PB__PB__^B__BB__B B 23 Vixen showing endless 20 Briefly Set OUt America's 1 1 1 1 Kace" 13 Ransom, ?5 H^lelJ position (6) 29 Fo||ow unsee mQst| Jojn duQ (6) 18 Quipster, 19 Corpus 21 Adhe--23 Regular payment in post /rN A sion, 23
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    • Miscellaneous
      Lock icon Page 7 Miscellaneous Column 2
      99 7 NEXT WEEK Feb 23-27, 2008 US DATA Feb 24 Dec S&P/CaseShiller home price index Feb consumer confidence Feb 25 Jan existing home sales Feb 26 Jan durable goods orders Jan durables, ex-tran Jan new home sales Feb 27 Q4 GDP prel Q4 chain deflator prel Feb Chicago PMI SINGAPORE DATA
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Reap rewards in challenghig times
      926 8  -  Yong Yean Chau Those who take pains to understand Reits more clearly will realise that there are treasures to be uncovered FROM THE DESK OF CEO, Parkway Trust Management Manager of Parkway Life Reit HE past months have been very challenging for the world at
      926 words
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  • COMPANIES
    • Article, Illustration
      Lock icon Wheelock Prop takes $200m investment hit
      562 9  -  Joyce Hooi This drove FY2OOB net profit down 63% to $101 million By joyceh@sph.com.sg Singapore WHEELOCK Properties, which has changed its financial year-end from March 31 to Dec 31, recorded a 63.1 per cent fall in net profit to $100.95 million for the 12
      FILE PHOTO  -  562 words
    • Article
      Lock icon Jurong Tech gets judicial managers
      205 9  -  Chew Xiang By xchew@sph.com.sg Singapore TAM Chee Chong and Keoy Soo Earn of Deloitte Touche were appointed judicial managers of Jurong Technologies Industrial Corp and its subsidiary Jurong Hi-Tech Industries yesterday. Jurong Tech said in a statement to the Singapore Exchange that it did not
      205 words
    • Article, Illustration
      Lock icon Fare cut to cost SBST $42.7m, SMRT $373m
      360 9  -  Samuel Ec By samuelee@sph.com.sg Singapore THE 4.6 per cent cut in bus and train fares will cost SBS Transit $42.7 million over 15 months, while the corresponding figure for SMRT Corp is $37.3 million, the two companies said yesterday. On Thursday, the
      360 words
    • Article, Illustration
      Lock icon Not a market for the naive, or for the savvy
      667 10  -  R Sivanithy STOCKS sivan@sph.com.sg Senior correspondent CLEARLY, this is not a market for the naive. Come to think of it, it may not even be suitable for the savvy. But it's the naive who are probably the most vulnerable, although
      667 words
    • Article
      Lock icon TOP 20 ACTIVES
      114 10 ;olden 78,156 29.5 0.5 1.7 5ni ;Tel 21,695 241 -1.0 -04 jtraitsAsia 21,193 75.5 4.0 -5.0 19,265 204 -9.0 -4.2 Joble Gl 17,628 105 -3.0 -2.8 :osco Coi 15,920 78.5 -2.0 -2.5 'anlord 14,871 77.5 4.0 -4.9 ifflesEdu 13,614 42 -2.0 -4.5 >BSDBeCW*****4A 12,225 17 -1.0 -5.6
      114 words
    • Article
      Lock icon TOP GAINERS
      56 10 BY CENTS UP CLOSE OUE 1040 230.0 28.4 GLD 10US$ 9602 58.4 0.4 Venture Con 442 30.0 7.3 UOB RBePW*****3 93.5 14.0 17.6 OCBC Bk 4.5%NCPS 100 8350 8.0 0.1 Sinj ;Tel RBePW***** 3 41.5 7.5 22.1 Cai iRBePW*****3 44.5 7.0 18.7 Land 336 7.0 2.1 iBNPePW***** 29.5
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    • Article
      Lock icon TOP LOSERS
      56 10 BY CENTS CLOSEDOWN JMH 1686 -98.4 -3." ir China H 10US$ 912 -56.9 -3.' STXPO 100 920 -37.0 -3.' Straits Trdi 344 -36.0 -9.! Jardine C&C 944 -34.0 -3.! UOB 1020 -32.0 -3. DBXT MSTaiwan 10US$ 879 -23.1 -1." 495 -22.0 -4.: OCBC Bk 5.1%NCPS 100 9400 -20.0
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    • Article
      Lock icon STI STOCKS
      108 10 :apitaLand 2.040 -0.090 ]apitaMall 1.310 -0.020 :if 'Dev 4.950 -0.220 ]osco Con 0.785 -0.020 IBS Gn 7.960 -0.190 :&N 2.380 -0.120 lent Intl 0.420 -0.005 iolden Ai ;ri 0.295 +0.005 IK Land 1.970 -0.060 IMH 16.860 -0.640 ISH 9.000 lardine C&C 9.440 -0.340 lei Con 4.140 -0.010 Land
      108 words
    • Article, Illustration
      Lock icon SingTel, M1 square off with new mobile plans
      502 10  -  Winston Chai By winstonc@sph.com.sg Singapore TO SUSTAIN customers' insatiable appetite for mobile phones during the downturn, Singapore Telecom is dishing out three new subscription packages with all-you-can-eat data buffets. And rival Mobile One is giving free phones and will let you swap
      502 words
    • Article
      Lock icon Bank of Ningbo 2008 profit jumps 40 per cent
      133 11 Bloomberg Shanghai BANK of Ningbo Co, which is part-owned by Singapore's Over-sea-Chinese Banking Corp (OCBC), has posted a 40 per cent gain in 2008 profit on increased loans and lower taxes. Net income rose to 1.33 billion yuan (*****.8 million) from
      Bloomberg  -  133 words
    • Article
      Lock icon Hyflux trust's full-year distribution beats forecast
      456 11  -  Chew Xiang Second-half 2.79-cent DPU brings year's distribution to 4.96 cents, against forecast of 4.88 cents By xchew@sph.com.sg Singapore HYFLUX Water Trust yesterday reported distribution per unit (DPU) of 4.96 cents for its first full year of operations, 2 per cent above the forecast
      456 words
    • Article
      Lock icon Jade sells stake in United Pacific Industries to raise $1.4m
      207 12  -  Chew Xiang By xchew@sph.com.sg Singapore lADE Technologies has sold about 51.53 million shares in Hong Kong-listed United Pacific Industries (UPI) for $1.46 million at a significant loss. The disposal raised net proceeds of about $1.4 million for working capital. The
      207 words
    • Article
      Lock icon MCL posts 2008 loss of US$107.3m
      378 12  -  Emilyn Yap Group hit by USslBo.2m writedown of development properties for sale By emilyny@sph.com.sg Singapore ,1,1 uy jjiujji.ii}. winedowns, real estate developer MCL Land swung into the red for the financial year ended Dec 31, 2008. The firm yesterday posted a net loss of
      378 words
    • Article, Illustration
      Lock icon Possible lower tax bill for corporate restructuring
      420 13  -  Oh Boon Ping Proposed new tax framework will avoid taxes on disposal gains By huwenbin@sph.com.sg Singapore CORPORATE restructuring exercises may now carry lower tax costs, if a proposed tax framework on corporate amalgamations is adopted. Speaking yesterday at the Budget Seminar 2009 organised
      AFP  -  420 words
    • Business briefing
      • Article
        Lock icon Teckwah's net profit down 46% to $4.2m
        82 13 PRINT-RELATED Teckwah Industrial Corp said yesterday that net profit for the year ended Dec 31, 2008, fell 46 per cent to 554.21 million compared to the previous corresponding year. The weaker profits were due to higher raw material cost, transportation cost and utilities
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      • Article
        Lock icon Allgreen gets nod for Viet mixed-development project
        44 13 PROPERTY developer Allgreen Properties has received in-principle approval from the authorities in Vung Tau, Vietnam, to develop a mixed-de-velopment project on prime resort land in Vung Tau City. The US$3l5 million development will comprise villas and apartments.
        44 words
      • Article
        Lock icon Beng Kuang Marine's Q4 earnings fall 41%
        65 13 BENG Kuang Marine saw fourth-quarter net profit plunge by 41 per cent to 551.36 million from 552.31 million in the year-ago period, although revenue managed to rise 27 per cent to 5531.3 million from 5524.6 million. Full-year net profit rose 36 per cent
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      • Article
        Lock icon Alantac warns of continued loss for 2008
        58 13 ALANTAC Technology Ltd yesterday warned that it will continue to incur a net loss for the financial year ended Dec 31, 2008. The net loss was a result of deteriorating market conditions and the continuing loss incurred from its subsidiary, Getech Industries Pte
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      • Article
        Lock icon AVJennings goes into the red in first half-year
        67 13 AVJENNINGS yesterday reported the group sank into the red, with an interim net loss of A 59.70 million (559.55 million) for the six months ended Dec 31, 2008. For the previous corresponding period, it made a net profit of A 56.14 million.
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    • Article
      Lock icon At a glance
      353 13 Notes: Net profit refers to profit attributable to equity holders. Trust &Reits: Turnover isgross revenue and earnings is income availablefor distribution. Furama: Profit includes asset from discontinued operation that was sold in April 2008 Hyf lux Water Tr: No comparative income statement has been presented as Hyf
      353 words
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  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      556 11 JAPAN FOODS HOLDING LTD JAPAN FOODS HOLDING LTD. (Incorporated in the Republic of Singapore on 3 December 2007) (Company Registration No.: *****2314 M) Invitation in respect of 13,500,000 New Shares comprising 13,500,000 Placement Shares at 550.20 for each Placement Share by way of placement, payable in full on application. The
      556 words
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  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      296 12 This announcement appears as a matter of record only 20 February 2009 JAPAN FOODS HOLDING LTD JAPAN FOODS HOLDING LTD. (Incorporated in the Republic of Singapore on 3 December 2007) (Company Registration No.: *****2314 M) Invitation in respect of 13,500,000 New Shares comprising 13,500,000 Placement Shares at 550.20 for each
      296 words
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  • SINGAPORE
    • Article, Illustration
      Lock icon $190m to build scientific capabilities
      572 14  -  Chen Huifen Govt signals its commitment in supporting mechanobiology studies By xuifen@sph.com.sg IN a move signalling its commitment to research activities here, the Singapore government is setting aside some $190 million to fund long-term projects and build scientific capabilities for the future. The National Research
      SAMUEL HE^HE STRAITS TIMES  -  572 words
    • Article
      Lock icon Domestic wholesale trade down 32.4% in Q4
      306 14  -  Chew Xiang By xchew@sph.com.sg SINGAPORE'S domestic wholesale trade fell by 32.4 per cent in Q4 2008 over the third quarter, the Department of Statistics said yesterday. Excluding petroleum, sales went down by 14.3 per cent. After seasonal adjustment, domestic sales decreased by 30.5
      306 words
    • Article
      Lock icon A*Star aerospace programme flies high
      339 14  -  Joyce Hooi By joyceh@sph.com.sg DESPITE flight cuts and lower freight volumes, eight more industry players have joined the collaborative aerospace programme led by the Agency for Science, Technology and Research (A*Star) this year, doubling the number of members to 16. Of the eight new member
      339 words
    • Article
      Lock icon Apec to beef up services sector
      515 15  -  Lee U-Wen Work has started to help countries in the grouping maximise benefits from services By leeuwen@sph.com.sg THE services sector has been identified as a key growth area that the trade and investment arm of the Asia-Pacific Economic Cooperation (Apec) wants to strengthen in
      515 words
    • Article, Illustration
      Lock icon When the economy tanks, more go sailing
      416 15  -  Vincent Wee By vincewee@sph.com.sg AFTER a locally sponsored boat took part in two editions of the Clipper Round the World Yacht Race, interest among Singaporeans has more than doubled for the 2009-10 event. Almost 100 people turned up at a crew recruitment talk
      416 words
    • Article
      Lock icon Nimble S'pore law firms can compete with foreign ones: Shanmugam
      403 15  -  Chew Xiang By xchew@sph.com.sg LOOMING competition from mega international law firms will be fierce, but Singapore law firms that are nimble and make the right moves will be able to compete, Law Minister X Shanmugam said yesterday. He was speaking
      403 words
    • Article
      Lock icon Oil traders rebut Dubai exchange's claims
      455 16  -  Ronnie Lim They deny that local market is 'absolutely dead', though trading conditions are admittedly 'still very tough' By ronnie@sph.com.sg OIL traders and brokers here have disputed the claims by the head of the Dubai Mercantile Exchange (DME) that the Singapore oil market is
      455 words
    • Article, Illustration
      Lock icon OCBC Cycle Singapore takes to the roads tomorrow
      344 16  -  Liew Aiqing By aqliew(a)sph.com.sg ANOTHER race is set to take Singapore by storm. Hot on the heels of the first Formula One night race, OCBC Cycle Singapore is looking to drum up interest in another sport. Tomorrow, 5,400 riders will be taking
      YEN MENG JIIN  -  344 words
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  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      33 16 !j Every Sunday, 10am "If you are PlOt d6f66l.ted within, your external setbacks will have to turn around in line with the Victory Within." Pastor John Shepherd Linn :'"Mhiirl' Jl'J-i'iil JiVi! J:i-'i' JiT^B
      33 words
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  • LETTER FROM ABROAD WITH ASCOTT
    • Letter, Illustration
      Lock icon The final siren sounds
      631 17  -  Ng Chen Wei LETTER FROM SYDNEY Consultant 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 any other relevant images. AUSTRALIAN
      BLOOMBERG  -  631 words
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      172 17 NOW DEFINING GLOBAL LIVING IN AUSTRALIA $f" From the spacious exclusivity and refinement of Ascott to the pampering Somerset Darling Harbour, Sydney -^^Rhml touches for the family at Somerset, or the vibrancy of independent city-living Somerset on the Pier Hobart Bl J J*P —^M at Citadines, there is an Ascott
      172 words
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      Lock icon Page 17 Advertisements Column 2
      15 17 THE ASCOTT GROUP A Member of Capita Land This series is brought toyou by TheAscottGroup
      15 words
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  • WORLD
    • Article, Illustration
      Lock icon Cows, car cloud Selangor chief minister
      533 18  -  S Jayasankaran He sues accuser for defamation; anti-corruption body forwards investigation papers to A-G Chambers By btworld@sph.com.sg Kuala Lumpur ANOTHER potential scandal has cropped up in Malaysia, this time involving the chief minister of Selangor state. The Malaysian Anti-Corrup-tion Commission (MACC) said yesterday that
      BLOOMBERG  -  533 words
    • Article, Illustration
      Lock icon China stagnating again this quarter: Morgan
      409 18 ■A Reuters Beijing FOR the second quarter in a row, China will record little or no growth between January and March compared with the preceding three-month period, Stephen Roach, chairman of Morgan Stanley Asia, said yesterday. China reported 6.8 per cent growth in the
      ■A Reuters; AP  -  409 words
    • Article
      Lock icon India undecided on overseas stake in airlines
      149 18 Bloomberg Mumbai INDIA is still examining a plan to allow overseas airlines to buy stakes in local carriers, Civil Aviation Minister Praful Patel said in Mumbai yesterday. Such a move will reverse a more than decade-old rule banning non-Indian airlines from owning shares
      Bloomberg  -  149 words
    • Article, Illustration
      Lock icon Tough book-keeping set to widen US deficit
      571 19 NYT Budget will be US$2.7 trillion deeper in the red over the next decade than it would otherwise appear, say officials Washington FOR his first annual Budget next week, US President Barack Obamahas banned four accounting gimmicks that President George W Bush used
      NYT; REUTERS; AFP  -  571 words
    • Article
      Lock icon UK public sector under pressure to freeze pay
      460 19  -  Jane Moir By btworld@sph.com.sg London PRESSURE is mounting on British policymakers to freeze public sector pay as inflation shrinks and private sector jobs take a massive hit from the financial crisis. The narrowing gap between public and private sector salaries, perks and
      460 words
    • Article, Illustration
      Lock icon Pressure on UBS as US wants names
      636 20 AP, Bloomberg One view is that if ÜBS loses in the lawsuit, it could mean the end of Swiss banking secrecy Washington US TAX collectors slapped Swiss bank ÜBS with a lawsuit on Thursday, seeking the identities of tens of thousands of clients
      AP, Bloomberg; REUTERS  -  636 words
    • Article
      Lock icon Consumer prices up in January
      394 20 Reuters LATEST US DATA Washington US consumer prices rose in January as energy costs rebounded, government data showed yesterday, temporarily easing fears of deflation amid a severe economic downturn. The Labor Department said its closely watched Consumer Price Index (CPI) rose 0.3 per cent, advancing
      Reuters  -  394 words
    • Briefing
      • Article
        Lock icon SEC names ex-prosecutor as enforcement chief
        97 20 LAT-WP Washington The Securities and Exchange Commission (SEC) on Thursday announced that Robert Khuzami, a former federal prosecutor and lawyer at Deutsche Bank, will become the agency's new enforcement director. Mr Khuzami spent 11 years as a prosecutor in the US attorney's office for
        . LAT-WP  -  97 words
      • Article
        Lock icon Trump Entertainment can operate using cash
        104 20 Bloomberg New York Trump Entertainment Resorts, the bankrupt gambling company founded by Donald Trump, won court approval to pay key suppliers using the cash generated by its three casinos in Atlantic City, New Jersey. The company needs to spend US$l9 million on 3,000 to
        Bloomberg  -  104 words
      • Article
        Lock icon Nationalise, break up Lloyds: UK lawmaker
        76 20 Bloomberg London A lawmaker from Prime Minister Gordon Brown's Labour Party said the government should consider breaking up Lloyds Banking Group pic to create two mortgage lenders owned by their customers and another state-owned bank. John Mann, a member of Parliament who sits on
        Bloomberg  -  76 words
    • Article
      Lock icon Saab files for creditor protection, reorganisation
      463 21 Bloomberg It will separate itself from GM, bring resources back to Sweden Stockholm SAAB Automobile has filed for protection from creditors after parent General Motors (GM) said that it will cut ties with the Swedish carmaker following two decades of losses. Saab, based in
      Bloomberg  -  463 words
    • Article
      Lock icon Kirin to buy up to 49% of San Miguel Brewery
      245 21 Reuters Tokyo/Manila JAPAN'S No 2 brewer, Kirin Holdings, will buy up to 49 per cent of San Miguel Brewery, the beer-making arm of South-east Asia's biggest food and drinks firm, for US$l.4 billion. Kirin said the deal with San Miguel
      Reuters  -  245 words
    • Article, Illustration
      Lock icon Broadcast feeling pinch of lower ad spending
      522 21 Reuters THE OSCARS New York THE Oscars have lost some of their lustre this year at least when it comes to advertising. ABC has dropped prices for 30-second advertisements and scrambled to replace two of the key sponsors for tomorrow night's live broadcast
      Reuters; REUTERS  -  522 words
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  • SGX
    • Article
      Lock icon Transaction date: Feb 20
      8674 22 ligh ligh Low Code Company Sale (■000) High Low Buyer Seller C'vr P/E Smil I 2 10 105 9 1.5 !5 19 1.5 _8 38 5.5 1.5 _5 !0 3 !8 3.5 I !4 8.5 .5.5 14 I 34 ii <£ 18.5 10 16 10.5 17
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    • Article
      Lock icon SGX CATALIST
      1487 25 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E Smil !0 5 1181 s AAGrp \2 13.5 8538 s APStrategic 1 1501 s Advanced System 5.5 2 3480 t Adventus !2 10.5 3518 s Afor !0.1 2.7 1524 s Alantac >.O 3.5 7814 s Albedo
      1,487 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      48 25 Up Down Unch 3 9 1 Up Down Unch OOP Up Down Unch 3 9 1 lultilnd lanui Factuffry .ommerce ■inance .onst ;ruci ;ion foj jerties lotel ists >ervices led i as/ teter linin; larr Active counters with no volume for today are not included
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      172 25 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
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      775 25 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Feb 16 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per Shr$ Before ('000) After (TOO) itock Mlenger Tech 19-Feb-09 OngSockHwee Hiap Moh Corp 19-Feb-09 Greenseed :omfortDelgro Corp 18-Feb-09 Lim Jit Poh :hallenger Tech 18-Feb-09
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  • MARKETS
    • STOCK MARKETS
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        Lock icon Straits Times Index
        20 26 YTD change: -9.46% 52-week high: 3,269.88 on May 5,2008 52-week low: 1,473.77 on Oct 28,2008 Source: Bloomberg
        Bloomberg  -  20 words
      • Article, Illustration
        Lock icon Hang Seng Index
        19 26 YTD change:-11.74% 52-week high: 26,387.30 on May 5,2008 52-week low: 10,676.20 on Oct 27,2008 Source: Bloomberg
        Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        25 26 YTD change:-14.93% 52-week high: 13,136.60 on May 19,2008 52-week low: 7,447.55 on Feb 20,2009 (Chart shows Thursday's index closing) Source: Bloomberg
        Bloomberg  -  25 words
      • Article
        Lock icon I MORGAN STANLEY CAPITAL INT'L INDICES
        362 26 Feb 19 dy yr dy yr dy yr Index Change Change Change Change Change Change World Index Preliminai 601.1 0.1 -11.3 0.1 -8.5 0.4 -13.7 EAFE Preliminai 581.3 0.3 -10.4 0.6 -10.3 0.9 -15.3 Euroi Preliminai 820.3 0.3 -10.0 1.0 -10.6 1.3 -15.6 Pacific
        362 words
      • Article
        Lock icon INTERBANK CURRENCY RATES
        151 26 Feb 2<\ Against S$ :urrencies Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 0.9787 0.9804 Against US? Bid 0.6369 Offer 0.6374 :anadian dollar 1.2180 1.2193 0.7926 0.7927 Euro 1.9346 1.9374 1.2589 1.2596 NZ dollar 0.7722 0.7735 0.5025 0.5029 jterlini 2.1827 2.1853 1.4204 1.4201 US
        151 words
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        Lock icon Shanghai Stock Exchange Composite
        26 26 YTD change:+24.2o% 52-week high: 4,695.80 on Feb 20,2008 52-week low: 1,664.92 on Oct 28,2008 Source: YTD change: 52-week high 52-week low: Bloomberg
        Bloomberg  -  26 words
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        Lock icon Nikkei 225
        18 26 Source: YTD change:-16.29% 52-week high: 14,601.20 on June 6,2008 52-week low: 6,994.90 on Oct 28,2008 3loomberg
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      • Article
        Lock icon LIFFE
        69 26 Feb J9|| IOCOA (£/tonne) Close Prey Hi, fLow Mar 09 1873 1900 1886/1869 May 09 1848 1872 1864/1841 JulO9 1838 1864 1853/1833 SepO9 1830 1854 1841/1825 COFFEE (US$/tonne) Close Pev High/Low Mar 09 1577 1566 1588/1568 May 09 1586 1573 1598/1573 SUGAR (US tonne) White Close Prey High/Low May
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      • Article
        Lock icon CHICAGO BOT
        101 26 Feb i SOYBEANS (5,000 bu min; USc/60 Ib bushels) Close Previous High/Low Mar 09 884.50 887.50 902.00 881.25 May 09 886.00 886.50 901.50 882.75 JulO9 891.50 890.75 905.50 888.25 AugO9 883.00 882.00 896.00 882.75 SOYBEAN/OIL (60,000 lbs; usq/lb) Close Previous High/Low Mar 09 30.42 unch 31.09 30.37 May
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        Lock icon OIL
        74 26 Feb 19\ CRUDE USS/barrel (FOB origin) Close Change Brent blend (1-Mth F) WTI (Near Mth) Dubai (1-Mth F) Tapis blend Minas 41.03 0.93 38.94 4.39 40.59 -0.49 44.95 -0.45 42.40 -0.30 PRODUCT USS/barrel (FOB Spore) Close Change Naphtha Jet Kerosene 43.50 -1.60 49.00 -1.05 USS/barrel Opec Oil Basket Price
        74 words
      • Article
        Lock icon METALS
        61 26 B^^Fe62ol loz] -long Kong 968.30 973.70 969.30 974.70 Feb18 Feb19 .ondon 971.40 980.10 973.40 982.10 Source: Thomson Reuters SILVER Selling Buying 'assbook 1 oz 21.47 21.22 Source: UOB >LATINUM/Lon (US$/oz) Feb 19 Close Previous 'M Fix 1063.*****7.00 M Fix 1074.*****3.00 Source: Thomson Reuters M.ATINUM NYMEX (US$/oz) Feb 19 Last
        61 words
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        Lock icon PALM OIL
        66 26 Feb 2p| KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Low Vol Done Open Position Hh Mar 09 1910 Apr 09 1895 May 09 1880 Jun 09 1875 1875 1915 1875 1840 1898 1840 1835 1889 1832 1824 1883 1824 307 5789 2358 *****
        66 words
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        Lock icon LONDON METALS
        70 26 Feb 7E>| purity i US$/tonne) Close Previous Cash 3 months 1314.00 1350.00 1299.75 1336.00 Copper, Grade A US$/tonne) Cash 3 months 3254.75 3290.00 3196.50 3235.00 Lead (US$/tonne) Cash 3 months 1060.00 1070.50 1056.50 1067.00 Nickel /tonne; lose ■revious Cash 3 months Tin (US$/tonne; 9821.00 9900.00 9622.00 9700.00 Cash
        70 words
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  • PERSPECTIVE
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      Lock icon An eastern crisis goes west
      963 27  -  Lan Campbell BREAKING VIEWS Eurozone economies may be hurt by need to bail out banks that helped create the eastern bubble By CRISIS has been building in eastern Europe since the global credit crunch began. It is now raging. The sirens are sounding, too, for
      REUTERS  -  963 words
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      Lock icon Will the real GDP please stand up?
      885 27  -  William Pesek JR CHINA'S economy, depending on your bias, will surpass the US by 2020, 2030, 2050 or never. Yet China's economy might already be bigger than the America's. The point isn't to fish for hate mail, but to demonstrate how disorienting the
      885 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Dull demand for jewellery may take sheen off gold
        776 28 Reuters High prices are scaring off buyers in Asia, the Middle East and Turkey, which account for more than half of global gold consumption LONDON ANXIETY over the outlook for the global financial system is pushing gold back towards historic highs,
        Reuters  -  776 words
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        Lock icon BROKERS' TAKE
        759 28  -  Conrad Tan Telecommunications sector Overweight DMG Partners Securities Feb 20 THE October-December 2008 period presented a mixed bag of results, with Star Hub outperforming, Sing Tel coming in line, and Ml disappointing. All three showed improvements in the Singapore business and benefited from a moderating competitive landscape. Balance
        759 words
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        Lock icon Game for stock investing?
        1527 29  -  Ben Fok WEALTH INSIGHTS Apart from a simpler hands-off approach, there are many strategies that can best fit your level of interest CEO, Grandtag Financial Consultancy (S) VER the last three months, I was invited to speak at several conferences in the region on investing in
        1,527 words
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        Lock icon Is the cash really there?
        1480 30  -  Teh Hooi Ling SHOW ME THE MONEY Some companies are sitting on a huge pile of cash, but there's still no sign of dividends hooiling@sph.com.sg Senior correspondent ASED on its latest available financial statements, that would be for the quarter ended Sept 30, M 2008,
        STOCK.XCHNG  -  1,480 words
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        Lock icon The ETF investing train rolls on
        820 31 Reuters Touted for their ease of use, tax efficiency and low cost to manage, ETFs drew USs26ob even during the '08 meltdown NEW YORK INCREASED use of asset allocation models and fee-for-serv-ice investment advice will help push the amount of cash into exchange traded
        Reuters; AFP  -  820 words
    • WEALTH REAL ESTATE
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        Lock icon Bangkok home prices may fall 10%
        612 33  -  Greg Lowe Resort area and luxury sector transactions grind to a halt as foreign buyers continue to disappear By btworld@sph.com.sg Bangkok BANGKOK'S residential property prices will fall by 10 per cent this year, while resort area transactions have ground to a halt, but domestic
        AP  -  612 words
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  • Page 32 Advertisements
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      Lock icon Page 32 Advertisements Column 1
      996 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) I STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) District 1 Moonstone Residences Apt 23/01/2009 FH 1238 750 606 NON-LANDED One St Michael's Apt 23/01/2009 FH 1184 765 646 The Sail Marina
      996 words
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  • Page 34 Miscellaneous
    • Miscellaneous
      Lock icon Page 34 Miscellaneous Column 1
      15 34 SbrJjSSW m j-''Hi mfl^k \\\\w\ H^l■ j^^^^^™ V'w- .■■>.:'^:,4.^v--.- 3}^r%%\ -.'v./r.^y ■■■.-■^.-■■;-.> V .'v...; V.O -,;-v.-
      15 words
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  • BT Living
    • SHOPPING
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        Lock icon Departures at Dempsey
        1548 35  -  Cheah Ui-Hoon Five of the original tenants at Dempsey are moving to Tan Boon Liat Building in Outram Road. They leave with memories of a quieter, more idyllic time on the hill before the F&B outlets came. By THEY are among the original tenants at Dempsey- the
        1,548 words
      • Article
        Lock icon Getting new tenants not a problem
        235 35 THE retail segment at Dempsey long associated with furniture and antiques will be retained, says Country City Investment, which now manages the part of Tanglin Village comprising Dempsey Hill and Dempsey Hill Green. "We will keep the furniture outlets as most of the tenants
        235 words
    • DINING
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        Lock icon Occasional restaurants
        2477 36  -  Audrey Phoon Tired of the usual venues? Try going beyond the boundaries of the restaurant scene, where non-restaurant businesses are creating interesting options. At these places, dining and drinking aren't an everyday affair. By Private Kitchen at Palate Sensations [Open one Friday or Sunday a month] 1 Westbourne
        2,477 words
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        Lock icon Star attractions
        897 38  -  Jaime Ec The Raffles Grill's guest chefs Bruno Menard and Maria Luisa Valazza boast no less than six Michelin stars between them. By YOU know the culinary calendar has kicked off for sure once the Raffles Hotel's annual food and wine experience gets into gear around February. Now
        897 words
    • ENTERTAINING
      • Article, Illustration
        Lock icon Unequivocally umami
        1077 39  -  Audrey Phoon Mount Fuji trout with oil d'argan Serves one Ingredients IOOg trout 300g macadamia nuts 500 ml milk 100 ml macadamia oil Salt to season Soya salt to season Orgeat emulsion, argan oil praline, and citrus reduction with passionfruit (recipes below) Orgeat emulsion 200 ml macadamia nut
        PHOTOS BY ARTHUR LEE  -  1,077 words
    • WEEKEND WITH
      • Article, Illustration
        Lock icon Optimum performance
        841 40  -  Amanda de Guzman Cycling, as far as Anthony Johnson is concerned, is the new corporate golf. He illustrates by drawing analogies between corporate life and the sport. By WEEKEND I WITH I ANTHONY JOHNSON HEAD OF GROUP CUSTOMER ANALYTICS AND GROUP CONSUMER FINANCIAL SERVICES, OCBC "T^ J^"~ ANY
        ARTHUR LEE  -  841 words
    • TRAVEL
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        Lock icon We'll always have Paris
        1208 41  -  Geoffrey Eu It doesn't matter how many times you've heard that line the city of light, love and laughter just has a way of creating impressions that last a lifetime. By ARIS is a capital city in m more ways than one chic, charming and sophisticated,
        DESMOND FOO^HE STRAITS TIMES; AFP; PHOTOS: AYLA HIBRI, PIERRE HERME; PHOTOS: BLOOMBERG, REUTERS  -  1,208 words
    • GADGETS
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        Lock icon Rocking the competition
        613 42  -  Christopher Lim Apple's first in-ear earphones may not be the best on the market, but if you're on a budget, nothing comes close. By HOW much does it cost to get good sound on the go? "Too much" is the answer that comes to most minds, which
        613 words
    • HEALTH
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        Lock icon An easier road to recovery
        681 43  -  Cheah Ui-Hoon Providing at-home care for a loved one who has been hospitalised for a while can be a daunting task. By YOUR loved one suffering from cancer has been hospitalised for a while, and now it's time to bring him or her home. You
        JOHN HENG  -  681 words
    • DESIGN
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        Lock icon WOW FACTOR
        1058 44  -  Geoffrey Eu The design line-up at Capella Singapore will certainly impress with architect Norman Foster's ability to blend traditional design with futuristic elements. By CAPELLA Singapore finally opens its doors to its first paying customers on March 30. This marks the start of what the hotel and its
        PHOTOS BY ROBERT RECK  -  1,058 words
    • SPORT
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        Lock icon Keep left unless overtaking
        666 45  -  Winston Chai no holds barred winstonc@sph.com.sg Correspondent IF the jam-packed calendar and swelling numbers at recent races are anything to go by, our local running scene is fast striding towards maturity. As more and more Singaporeans hit the ground running, our sports etiquette should also improve
        666 words
      • Article, Illustration
        Lock icon Becks: la dolce vita – or integrity?
        771 45  - Becks: la dolce vita or integrity? Lee U-Wen leeuwen@sph.com.sg Correspondent WILL he stay, or won't he? That's the question on everyone's lips as the seemingly never-ending David Beckham loan saga rages on. To cut a long story short, Beckham who is under a multi-million-dollar contract to Major League Soccer's (MLS)
        771 words
    • GOLF
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        Lock icon Rising star
        1135 46  -  Justine Moss Meet Jiyai Shin, a new addition to the family of successful women golfers from South Korea. By PROFESSIONAL female golfers, it seems, continue to be one of South Korea's most successful exports, with their numbers swelling on the US-based Ladies Professional Golf Association (LPGA). Se Ri
        1,135 words
    • MOTORING
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        Lock icon SMOOTH OPERATOR
        625 47  -  Samuel Ec Expressway cruising in an Epica is a smooth and silent affair. By 7 HE term "silky smooth" may be somewhat of a cliche but that is likely to be the first thing that comes to mind when you're cruising in a Chevrolet Epica. This mid-sized sedan
        625 words
      • driving notes
        • Article, Illustration
          Lock icon 'Baby' Rolls unveiled
          106 48 THE 200 EX design study for the RR4, a smaller Rolls-Royce four-door saloon, will be shown at next month's Geneva Motor Show. At 5.4 metres long, this new model series is based on the platform of the new BMW 7 Series and about half a metre shorter
          106 words
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          Lock icon Michelin goes to the moon
          109 48 MICHELIN has developed a specially designed wheel for Nasas next generation of moon rover vehicles. The Michelin Lunar Wheel is an engineering breakthrough featuring highly specialised materials that enable the lunar vehicles to maintain their mobility and traction under very low temperatures, me structurally supported
          109 words
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          Lock icon Mazda6 among world's safest
          89 48 THE new Mazda6 with European specifications has been awarded the maximum five-star Euro NCAP rating under a new and more stringent evaluation system. For 2009, the European New Car Assessment Programme has unveiled a combined safety performance test, which awards a single overall vehicle safety rating
          89 words
        • Article, Illustration
          Lock icon Malaguti is here – hopefully
          110 48  - Malaguti is here hopefully Samuel Ec A NEW Italian brand of scooter is hoping to target Singapore riders with its range of ur-ban-friendly models. Malaguti will be showcased at next weekend's Bike Asia 2009. This family-owned manufacturer, which counts sports bike maker Ducati as a neighbour in Bologna, is looking
          110 words
      • Article, Illustration
        Lock icon Porsche takes off
        696 48  -  Samuel Ec It is holding its six-day Porsche World Roadshow Singapore at the Changi Exhibition Centre this week. By HE Changi Exhibition Centre may be more accustomed to aircraft displays and screaming jets during the Singapore Airshow but this week, something else is taking off from the
        696 words
      • Article, Illustration
        Lock icon EXOTIC DANCER
        626 49  -  William Whey The engine can sing in distinctive tones. And the R8 VI Cs chassis proves it can perform with the grace and flair of a flamenco dancer. By SINCE the launch of the Audi R8 slightly more than two years ago, this time-less-looking exotic has made it
        626 words
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      722 37 Wine^Cline withßTWeekend Pine Court Chinese Restaurant Joel Robuchon in Paris, Troisgros in Roanne Marina Mandarin Singapore Global Kitchen (Level 3) Level 35, Orchard Wing and Le Jardin des Sens in Montpellier, this 6 Raffles Boulevard, Marina Square Enjoy all-you-can-eat high tea with classic Meritus Mandarin Singapore former right-hand man to
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