The Business Times, 24 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 24,2009
    19 words
  • Article
    Lock icon US stake in Citi may reach 40%
    782 1  -  CONRAD TAN [SINGAPORE] The US government is in talks with Citigroup to convert its preferred shares in the bank into ordinary shares, a move that would severely dilute the stakes of other investors including the Government of Singapore Investment Corp (GIC). The plan
    782 words
  • MARKETS DIGEST
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.91 HONG KONG 5.00 INDONESIA 16.667 TAIWAN 4.826 JAPAN 1.475 KOREA 9.33 BRITAIN 1.00 US 3.25 CANADA 3.00 SWITZERLAND 0.52 INDIA 12.25 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon MARKETS
      45 1 lorn lay lange 1COMP 887.83 -1.88 IIKKEI225 7,376.65 -40.22 IANG SENG 13,175.10 +475.93 ;et index 434.99 +0.32 JAKARTA COM P 1,312.44 +15.49 IANILACOMP 1,891.04 +9.60 ;eoulcomp 1,099.55 +33.60 ;henzhen b 332.39 +6.12 IUMBAI IND closed 11AM EST Cham )OW 7,291.04 -74.63 IASDAQ 1,415.97 -25.26
      45 words
    • Article
      Lock icon FOREX
      45 1 IS$ (S$ per US$) 1.521 (US$/S$ per 1.456 2.215 ;URO (US$/S$/E) 1.295 1.970 Foreign currency per US$ S$ 'EN 93.30 61.40 3.655 2.403 IK$ 7.753 5.098 !AHT 35.59 23.40 lUPIAH 11,900 7,825 lENMINBI 6.838 4.496 INDIAN RUPEE 49.47 32.53 1.529 1.006 IZ$ 1.932 1.270
      45 words
  • Article, Illustration
    Lock icon Collapse of lender shocks Japan
    544 1  -  ANTHONY ROWLEY Debt-ridden SFCG goes under, financial institutions' health under scrutiny By in Tokyo THE failure of mediumsized Japanese finance company SFCG, coupled with fears about the fate of Citigroup, sent the Tokyo stock market plunging to near its lowest level since the collapse of
    AFP; GRAPHICS ADAPTED FROM REUTERS  -  544 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      55 1 SINGAPORE PROPERTY MpW^^ga COMMENTARY MALAYSIA &9fk ECONOMY Competitive pricing '-M-'i^m^^B After writedowns, MCL AIRLINES f January CPI up 2.9% pays off g will have freer hand Moment of truth PAGE 9 PAGE 3 i ll PAGE 3 PAGE 2 SME Inc A boost from copper contracts PAGE 10 r A
      55 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Moment of truth for Malaysia Airlines
      1044 2  -  VEN SREENIVASAN Its chief tells BT how MAS plans to counter the crisis By' [SINGAPORE] Could the global economic meltdown unravel the remarkable recovery achieved by Malaysia Airlines (MAS) over the past three years? It is a question which could be answered on Thursday
      FILE PHOTO  -  1,044 words
    • Article
      Lock icon CapitaLand sends its staff shopping
      448 2  -  JOYCE HOOI Managerial staff getting $1m of vouchers redeemable at group's malls as part of bonus By, [SINGAPORE] Over the next year, retailers in CapitaLand shopping malls can expect Liew Mun Leong, CapitaLand's president and chief executive officer, to spend a chunk of his bonus
      448 words
    • Article
      Lock icon Dubai raises US$10b from UAE central bank
      303 2 AP [DUBAI] Dubai's finance department said on Sunday that it sold US$lO billion in bonds to the United Arab Emirates' central bank, alleviating some concern about the Gulf city-state's finances, hit hard in the global financial crisis. With the sale, the department said
      AP  -  303 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon US stake in Citi may reach 40%
        73 2 THE US government is in talks with Citigroup to convert its preferred shares in the bank into ordinary shares, a move that would severely dilute the stakes of other investors including the Government of Singapore Investment Corp. The plan could see the US
        73 words
      • Article
        Lock icon Collapse of lender shocks Japan
        90 2 THE failure of medium-sized Japanese finance company SFCG, coupled with fears about the fate of Citigroup, sent the Tokyo stock market plunging to near its lowest level since the collapse of the bubble economy at one point yesterday. SFCG's bankruptcy has raised wider concerns over
        90 words
      • Article
        Lock icon Moment of truth for Malaysia Airlines
        75 2 COULD the global economic meltdown unravel the remarkable recovery achieved by Malaysia Airlines over the past three years? It is a question which could be answered on Thursday when the airline unveils its full-year results for 2008. The results could also be a verdict
        75 words
      • Article
        Lock icon Developers' home sales top 1,000 units in Feb
        89 2 DEVELOPERS have achieved an 18-month high in private homes sold in a month, with the 1,000-unit mark having been breached so far in February. Most of the developers who are prepared to pare their price expectations to more affordable levels continue to
        89 words
      • Article
        Lock icon Cosco Corp full-year profit sinks 10%
        63 2 COSCO Corp (Singapore) yesterday announced a 10 per cent fall in 2008 full-year net profit to $302.6 million, from $336.6 million in 2007. However, turnover rose 54 per cent to $3.48 billion on expansion in the ship-repair, ship-building and marine engineering segment of the
        63 words
      • Article
        Lock icon Raffles Medical posts 33% rise in Q4 profit
        67 2 DESPITE fewer tourist arrivals and worsening economic conditions towards the end of last year, Raffles Medical Group has reported 33 per cent year-on-year growth in fourth-quarter earnings to $9.5 million. Reflecting the resilience of the healthcare sector, the group said revenue for
        67 words
      • Article
        Lock icon Don't count traditional media out yet: PM
        85 2 IT may be less "wild" compared to its online counterparts, but Prime Minister Lee Hsien Loong thinks there is still a place for old media to be the trusted source of information. He told Channel NewsAsia in an interview that traditional media would
        85 words
      • Article
        Lock icon KL foreign investment rules to be relaxed; NEP to stay
        79 2 MALAYSIA does not think the worldwide recession is a reason to scrap its New Economic Policy, but it is prepared to be more accommodating to foreign investors, particularly in the services sector, International Trade Minister Muhyiddin Yassin said yesterday. This
        79 words
      • Article
        Lock icon China has to keep buying US Treasuries: economists
        119 2 CHINA has little choice but to follow Hillary Clinton's call and continue buying US Treasury bonds, as reversing course would lead to the value of its investments plunging, economists said yesterday. While in Beijing on her first overseas trip as US Secretary
        119 words
    • Article, Illustration
      Lock icon Developers' home sales top 1,000 units in Feb
      616 3  -  KALPANA RASHIWALA GuocoLand sells some 160 units at The Quartz after last week's price cut By [SINGAPORE] Developers have achieved an 18--month high in private homes sold in a month, with the 1,000-unit mark having already been breached so far in February.
      FILE PHOTO  -  616 words
    • Article
      Lock icon After writedowns, MCL will have freer hand
      687 3  -  KALPANA RASHIWALA By WHEN MCL Land, a subsidiary of Hongkong Land, released its full-year 2008 results on Friday, it was the first Singapore-listed developer to book provisions for its residential land bank this market downcycle. The developer said it wrote down the value
      687 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
      131 2 Our qualified professionals WJm I_♦ R^ I^9 can assist you with offshore [Wi^BBMWBgffWWWIWWTPWPHB structures, shelf companies r^^A^H \V and incorporations in ALL Kfl UiulWmft/7tU H I jurisdictions including: |fe»^ r^M^F^^JWfWß^fr^^m^^^.^^ I I British Virgin Islands IS3S|SSSJEES3BS33Sw39*SQj3SE9^B^^I I Cayman Islands I Bahamas Seychelles BHRBMtESSDIfI Hongkong Samoa Full nominee, management, secretarial, banking
      131 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      18 2 Head to CATS FASTADS in The New Paper for education options! MATS f BUY IT-SELL IT-FIND IT g
      18 words
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  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      353 3 Date Difficult times present opportunities 5 March 2009 (Thu) Current asset values make this an opportune time for strategic acquisitions Companies could also consider divesting non-core assets for greater efficiency Time Seminar Highlights 2pm 5.30pm Outlook on M&A Opportunities Mr Tay Woon Teck, Director of Corporate Advisory Services, Stone Forest
      353 words
    • Advertisement
      Lock icon Page 3 Advertisements Column 2
      127 3 59 EBB Q] Kf*t IpJ M^HK liii B Jl| Hl;^ h servcorp :>:::^^"1 l^l^^jlfll I' lIZfiuHHuD www.servcorp.com.sg SEP I Everything But The Overheads... I From $100* per month! M No set up fees, no security deposit, month to month flexibility jM Prestigious address for your business cards and letterhead m
      127 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Traders bet on Wall Street opening the week higher
      574 4  -  R SIVANITHY STOCKS TRADERS in Singapore yesterday appeared to be betting on Wall Street opening the week higher, supposedly because of reports that the US government might increase its stake in Citigroup thus avoiding a dreaded nationalisation. But the gains were
      Source: Bloomberg  -  574 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      95 4 Up Down Unch Up Down Unch Up Down Unch lulti Ind 8 5 2 0 0 0 8 5 2 lanufacturing 40 48 46 42 53 55 Commerce 14 17 10 16 20 15 'pt/Stor/Comms 19 10 20 10 :inance 20 11 20 11 Construction 10 'roperties
      95 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      113 4 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 25,343 25,343 56,326 56,326 lanufacturing 197,891 8,826 206,717 103,358 445 103,803 lommerce 63,958 7,086 71,044 61,449 889 62,338 'pt/Stor/Comms 67,719 265 67,984 113,048 11 113,059 :i nance 34,810 34,810 214,435 214,435 lonstruction 5,177 5,008 10,185 591 32 623 'roperties
      113 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      105 4 lapitaLand 2.130 +0.090 Noble Grp 1.080 +0.030 lapitaMall 1.330 +0.020 OCBCBk 4.840 +0.160 jtyDev 5.090 +0.140 Olam 1.270 +0.020 losco Corp 0.780 -0.005 S IA 10.200 +0.180 IBS Grp 8.050 +0.090 SGX 4.800 +0.090 :&N 2.490 +0.110 SIAEngg 1.890 -0.030 ient Intl 0.430 +0.010 SPH 2.730
      105 words
    • Article
      Lock icon BROKERS' TAKE
      255 4  -  CONRAD TAN Singapore Strategy CIMB-GK RESEARCH, Feb 23 THE Straits Times Index (STI) has fallen to last October's low. Most of the stocks that have fallen in tandem to their October lows are stocks which CIMB-GK is negative about. The exceptions are CapitaCommercial Trust, City Developments, A-Reit, Singapore
      255 words
    • Article, Illustration
      Lock icon STI's 1,570 defence line remains at risk
      264 4  -  KEN TAI CHART POINT A RALLY in US futures led to a run in regional indices, which also helped propel the Straits Times Index with a 40-point rally yesterday. Despite the all-round strong performances, investors should be cognisant that the DJIA has fallen
      Source: Bloomberg  -  264 words
    • Article, Illustration
      Lock icon Yen for risk surges on US bank rescue talk
      522 4  -  LARRY WEE CURRENCIES RISK appetite returned with a vengeance to currency trading in Asia yesterday, following a report that the US government could take a larger stake in troubled US banking giant Citigroup rather than nationalise it as some feared last
      Source: Reuters  -  522 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 4 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      61 4 Feb 23 VALUE CLOSE IT OB/OS -446.00+91.0C IT CADI -*****.00+31.01 IT 10-day MA -*****.00 -44.0' TSE ST Mid Cap 329.48 +2.7 TSE ST Small Cap 267.07 -0.2' TSE ST All Share 390.21 +7.1 TSE ST China Top 164.17 -2.7! TSE ST China 163.01 -1.8i IOB Catalist 69.07
      61 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 4 VOLUME Golden Aqri 53,183,000 China Honqxinq 38,073,000 Noble Grp 26,452,000 SingTel 22,691,000 RafflesEdu 18,411,000 IndoAqri 17,566,000 Celestial 17,462,000 Capita Land 16,678,000 StraitsAsia 15,384,000 Olam 15,333,000 VALUE(S) DBS Grp 77,189,533 SingTel 56,109,562 UOB 52,111,820 OCBC Bk 46,778,860 CapitaLand 34,458,690 SGX 31,416,150 Noble Grp 27,516,605 S I A 22,075,830
      56 words
    • Article
      Lock icon RISES
      100 4 CLOSE UP LD 10US$ 9700 149.0 1.0 China H 10US$ 955 65.4 4. IIA 200 1022 20.0 2: IOB 5.05%NCPS 100 9710 20.0 0., I A 1020 18.0 1.: ICBC Bk 484 16.0 3.. At 509 14.0 2: law Par Cor| 376 14.0 3. iTEn. 240 13.0 5. IOB
      100 words
    • Article
      Lock icon FALLS
      116 4 CLOSE DOWN MS India 10US$ 682 -88.2 -7.8 ICBC Bk4.5%NCPS 100 8300 -50.0 -0.6 ISH 885 -22.8 -1.7 DBS Bk6% NCPS 10 9832 -18.0 -0.2 lardine C&C 930 -14.0 -1.5 ;TI 1500 DBePW*****2 3.5 -11.5 -76.7 reat Eastern 800 -10.0 -1.2 IMH 1680 -9.1 -0.4 Fastube 18 -8.5 -32.1
      116 words
    • Article
      Lock icon CURRENCIES
      87 4 Where S! i$ stands Feb 23 CHNG CLOSE FR Feb 20 YR 2008/2009 S$ LOW S$ HIGH uss 1.5255 0.77 1.5346 1.3457 Euro 1.9604 -1.14 2.2064 1.8640 Pounds 2.2161 -1.37 2.8431 2.0356 0.9913 -1.04 1.3251 0.9068 'en* 1.6215 1.00 1.7278 1.2619 Rupiah* 0.***** 0.35 0.***** 0.***** Baht* 4.2827 0.49
      87 words
  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      104 4 V fJ^9/^B^ i Y-vvi'ri i :'<:; g: i> 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
      104 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Cosco profit hit by $61.3m provisions
      455 5  -  VINCENT WEE 2008 earnings fall 10%; it expects challenging conditions to remain By 1 COSCO Corp (Singapore) yesterday announced a 10 per cent fall in 2008 full-year net profit to $302.6 million, from $336.6 miUion in 2007. However, turnover rose 54 per cent to
      455 words
    • Article
      Lock icon SGX, 4 Asean bourses in e-trade link deal
      395 5  -  JAMIE LEE By. SINGAPORE Exchange (SGX) and four other Asean exchanges have joined forces to develop an Asean electronic trading link to enhance the competitiveness of their capital markets. Besides SGX, the other four exchanges which yesterday signed a memorandum of understanding
      395 words
    • Article
      Lock icon Writing off Brookstone a prudent move
      609 5  -  OH BOON PING LAST week, lifestyle products group OSIM International posted a $99.44 million net loss for FYOB driven by its fourth-quarter $77.31 million write-off of its investment in US specialty retail company Brookstone. A look at the stock charts shows that the market
      609 words
    • Article
      Lock icon Directors, senior execs buy OSIM shares
      107 5 THE directors and management of OSIM International have bought a total of 5.82 million shares in the lifestyle products group at six cents each from the open market. The purchases made last Thursday and Friday followed OSIM's announcement of a $99.44 million loss in
      107 words
    • Article, Illustration
      Lock icon Raffles Medical posts 33% rise in Q4 profit
      434 6  -  CHEN HUIFEN Q4 revenue also up 12%, reflecting the resilience of the healthcare sector Reports by DESPITE fewer tourist arrivals and worsening economic conditions towards the end of last year, Raffles Medical Group has reported a 33 per cent year-on-year growth in
      434 words
    • Article
      Lock icon Raffles Medical to add to headcount in 2009
      347 6 RAFFLES Medical Group is looking to hire 50-100 staff to join its ranks this year, as the company continues to grow in Singapore and seek more patients from overseas. The recruits will boost the staff strength at the healthcare services provider by
      347 words
    • Article
      Lock icon Gallant to appeal against ruling over Bintan land row
      468 6  -  LYNETTE KHOO By GALLANT Venture says its subsidiaries and PT Bintan Lagoon Resort (BLR) have lost a land dispute lawsuit to PT Raflesia Matrawisata. The Supreme Court of Indonesia has ordered them to relinquish rights over the land and pay damages
      468 words
    • Article
      Lock icon CDL trust seeks over $300m loans
      247 6 Bloomberg [SINGAPORE] CDL Hospitality Trusts, the hotel operator partly owned by Singapore's second-biggest property developer City Developments Ltd, is seeking more than $300 million of bank loans by July. The trust, which owns five hotel properties in Singapore and one in New Zealand, has
      – Bloomberg  -  247 words
    • Article
      Lock icon At a glance
      268 6 jni a yicuiv.c Full year ended Dec 2008 Three months ended Dec 2008 NET PROFIT TURNOVER CURRENT I PREVIOUS CHNG CURRENT PREVIOUS (S$m) (S$m) CHNG NET PROFIT TURNOVER CURRENT PREVIOUS CHNG CURRENT PREVIOUS %CHNG (S$m) (S$m) 1 Cosco Corp 302.59 336.57 -10.1 3,476.01 2,261.70 2 SinoTech 79.17
      268 words
    • Article
      Lock icon Asia's first inverse ETF listed here
      350 7  -  JAMIE LEE It's one of four new ETFs from Deutsche Bank listed on Singapore bourse By ASIA'S first inverse ex-change-traded fund (ETF) has come to town. Four new ETFs from Deutsche Bank have been listed on the Singapore Exchange, the two parties said in
      350 words
    • Article
      Lock icon Sihuan profit jumps 32.2% on strong sales growth
      449 7  -  OH BOON PING By SIHUAN Pharmaceutical Holdings Group yesterday reported a 32.2 per cent jump in net profit to 237 million yuan (5552.9 million) on a 78.1 per cent surge in sales to 510 million yuan for the year ended Dec 31,
      449 words
    • Article
      Lock icon Fall in selling prices hits Sino Techfibre Q4 earnings
      344 7  -  ZEINAB YUSUF By HIT by lower average selling prices, Sino Techfibre has reported a 75.2 per cent plunge in fourth-quar-ter net profit to 34 million yuan (557.6 million) down from 137 million yuan in the year-ago period. Revenue for the three
      344 words
    • Article, Illustration
      Lock icon Heng Long's niche buffers it from storm
      495 7  -  VEN SREENIVASAN Company optimistic full year will still be profitable By' THE global financial crisis will impact the demand for premium leather products, but the super-high end will be less affected than the mid-range. Listed crocodilian leather tanner Heng Long International believes that
      FILE PHOTO  -  495 words
    • COMPANY BRIEFS
      • Article
        Lock icon KLW issues results warning
        50 7 KLW Holdings yesterday warned of losses for the full year ended Dec 31, 2008, due to keen competition and poor sales. The weaker performance was also blamed on start-up expenses at a new factory in China, higher provisions or write-offs for doubtful debt and forex losses.
        50 words
      • Article
        Lock icon Soup Restaurant earnings up 5.7%
        72 7 SOUP Restaurant Group on Monday reported that net profit for the year ended Dec 31, 2008, rose 5.7 per cent to $3.41 million. Revenue for the year was up 17.6 per cent at $39.95 million, due partly to fresh contributions by three new Dian Xiao
        72 words
      • Article
        Lock icon AnnAik full-year profit tumbles 67%
        58 7 ANNAIK Ltd reported that net profit for the full year ended Dec 31, 2008, fell 67 per cent to $2.85 million on weaker price of steel raw materials and finished products. Revenue, however, was up 18.73 per cent, at $84.14 million for the year. The
        58 words
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      Lock icon Page 5 Advertisements Column 1
      161 5 JSS^JH izfL^ Improving lives through WM 'm4.a ai f advanced technologies. WH Hitachi 1.5 World's First Ultra Thin Full HD LCD TV. I^^^^^^^T? p-^ Hitachi's goal is to empower lives in every aspect with m advanced and eco-friendly technologies. It is this quest A| :fy, *p Tfl A^b that drives
      161 words
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  • Page 6 Advertisements
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      703 6 w A MATS PJSI COLEX HOLDINGS LIMITED IB h] (Incorporated in the Republic of Singapore) llfifiil (Company Registration No.:*****1485G) COLEX NOTICE OF COURT APPROVED MEETING THE SCHEME IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Summons) Number 76/2009/V In the Matter of Colex Holdings Limited (Registration No. *****1485G)
      703 words
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      Lock icon Page 6 Advertisements Column 2
      378 6 IJEWELLERY AUCTION Over 5 Million Dollar Jewellery Inventory MUST BE LIQUIDATED! I^-^ This property shall be offered at this one day auction. Items obtained from t govt. auctions plus the addition of goods which constitute the majority. HYFLUXWATERTRUST L, MlrkSH I HH Hl© GIA ZSESSSSZo (Business Trust Registration No. *****07)
      378 words
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  • Page 7 Advertisements
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      39 7 LQjFIND THE ONES brt U pJ THAT FIT! C o r*~J y\ Recruit the right people L_3 I through CATS Recruit. I —t f| Call 1800 289 8822 or email \^~> v/~\ recruit@sph.com.sg I to advertise. r^ lor h d
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      1678 7 V<^ ffi-vT^T/nr r< To"free: 180°-289-8822 V IVIII l-f V Email: notices@sph.com.sg JL^I V»>/ JL I V._^ 1 www.cats.com.sg *w%f%JF -bank of new zeaiand vlb Annual Report For The Year Ended 30 September 2008 BANK OF NEW ZEALAND AND SUBSIDIARY COMPANIES M amounts are ex Pressed New Zealand currency. STATEMENT OF
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  • SINGAPORE NEWS
    • Article
      Lock icon Crisis will spur Asean economic integration: George Yeo
      658 8  -  ANNA TEO Members should fight protectionist pressures within grouping, he says By, THE ongoing economic crisis will spur, rather than derail, Asean's move towards economic integration, Foreign Minister George Yeo told the media yesterday. Greater Asean integration means open markets, more trade
      658 words
    • Article
      Lock icon Morgan Stanley hires new executive
      244 8 MORGAN Stanley has hired an executive to pitch portfolio rebalancing to global funds such as Temasek Holdings. In a statement, Morgan Stanley said Richard Surrency was appointed last month as executive director in the consolidated equities division with responsibility for the transition management product in
      244 words
    • Article
      Lock icon Pennefather returns to KhattarWong
      142 8 ANNABEL Pennefather has returned to law firm KhattarWong as a senior consultant. A pioneer sports law practitioner and vice-president of the Singapore National Olympic Council, Ms Pennefather was an equity partner with the firm from 1991-98. In her new role she will help its Sports Law
      142 words
    • Article, Illustration
      Lock icon Charity Council releases inaugural report
      319 8  -  VICTOR KATHEYAS By THE Charity Council set up in October 2006 to promote good governance and selfregulation in the sector released its inaugural report yesterday. Charities were asked to complete an online checklist and, in so doing, disclose their adoption Code of Governance guidelines launched
      FILE PHOTO  -  319 words
    • Article, Illustration
      Lock icon Don't count traditional media out yet: PM
      385 9  -  CHUANG PECK MING Govt is making use of new media to actively engage Singaporeans By1 IT may be less "wild" compared to its online counterparts, but Prime Minister Lee Hsien Loong thinks there is still a place for old media to be the
      385 words
    • Article
      Lock icon NEC Asia wins Resorts World ticketing contract
      215 9 NEC Asia, a wholly owned subsidiary of Japan's NEC Corporation, has been appointed by Resorts World at Sentosa as the technology solutions provider for its ticketing and admission system. The contract will see NEC Asia setting up a total solutions platform for the
      215 words
    • Article
      Lock icon January CPI rises 2.9% y-o-y, exceeds forecast
      344 9  -  VICTOR KATHEYAS Analysts expect inflationary pressure to ease significantly By LAST month's consumer price index (CPI) rose 2.9 per cent year-on-year, exceeding the consensus forecast of 2.4 per cent. United Overseas Bank (UOB) economist Chow Penn Nee said a 7.7 per cent surge
      344 words
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      34 8 »I lUplpiHii k II P 1 v 111 Organised by: Supported by: Partners: Supporting partners: THE Business times IE JS_ •=at= lsl oBerson ■*»>— jib. c v r u hi f r n1 "iiT'.n i1
      34 words
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  • Page 9 Advertisements
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      Lock icon Page 9 Advertisements Column 1
      20 9 Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. H
      20 words
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      Lock icon Page 9 Advertisements Column 2
      1556 9 w WATS _L^l V^/ J_ J. V^ _Lj l3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg «4k National Australia Bank National Australia Bank Limited A.B.N. **********7 Registered Office: 500 Bourke Street, Melbourne, Victoria 3000, Australia (All amounts are expressed In Australian currency unless otherwise stated) Statement of Financial Position Statement of
      1,556 words
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  • SME Inc
    • Article, Illustration
      Lock icon Facing the storm with optimism
      985 10 Copper specialist reckons worst's over for his firm, writes ZEINAB YUSUF V ITH the recession m predicted to last much longer, most people fear the future, but not Rajiv Singh, director of Synergic Industrial Materials and Services (Sims). Mr Rajiv is optimistic about being able
      YEN MENG JIIN  -  985 words
    • Article
      Lock icon Small caps slump; STI down 2.6%
      516 10  -  TEH HOOI LING By' FEAR heightened again in the markets and investors abandoned small-cap stocks particularly China stocks listed in Singapore in droves. Our portfolio slumped by just under 6 per cent. The blue-chip Straits Times Index (STI) fell by a smaller 2.6 per
      516 words
    • Article
      Lock icon Helping farmers to sleep well at night
      651 10  -  ANGAN SHING Bharat Luxindo believes in providing quality fish feed at affordable prices By i YEO Keng Joon, who heads Bharat Luxindo, is cautiously upbeat about business prospects despite the weakening global economic climate. This is because Bharat Luxindo, which supplies prawn and
      651 words
    • Article, Illustration
      Lock icon Outlook for Vietnam still bright
      856 11 OH BOON PING finds out why Singapore businessmen continue to see good opportunities in the country DESPITE the growing economic gloom and possible slowdown in Vietnam, a number of Singapore businessmen continue to see emerging opportunities in that market. Said VietnamWorks' director for operations Lim
      FILE PHOTO  -  856 words
    • Article, Illustration
      Lock icon Modelling nature gives Azen's blade an edge
      866 13 TECHNOLOGY INNOVATION The company's multi-purpose backswept blade accounts for almost 50% of its revenue, reports ZEINAB YUSUF PERSEVERANCE and a strong belief in his final product motivated Bek Kheng Lee, managing director of Azen manufacturing, to develop the company's most successful product. It's
      ARTHUR LEE  -  866 words
    • Article
      Lock icon Help available for technology innovation
      220 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
      220 words
    • Article, Illustration
      Lock icon Generating cash internally in turbulent times
      1210 13  -  BARRY LEE MARTIN WONG Byl and CASH, or what is commonly known as "liquidity" in a business, is the lifeblood of every company. A business can generate profit, but without cash it may not survive long as cash is required to pay the bills.
      THE STRAITS TIMES FILE PHOTO  -  1,210 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 1
      104 10 SME The topic for next week's SME Voices Column is: "The Pro-Enterprise Panel has been around since 2000, and the aim is to get feedback from businesses on how government rules and regulations can be improved to create a more pro-enterprise environment. Do you think there is still room to
      104 words
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      857 11 SPRING Bro US h,,oy. U b, Smgapore Enabling Enterprise Mothercare nurtures good service through the CCI No baby steps as the company takes the leap to encourage staff to provide better service. Z^^^^^~ the company recently promoted her M^^ to Training Manager. In her new capacity, Ms Lim trains all
      857 words
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  • EMERGING ENTERPRISE
    • Article, Illustration
      Lock icon A hole-in-one and more for OAAG
      947 12 It has a superb business model focusing on banks, reports VICTOR KATHEYAS GOLF company OAAG was born out of one man's drive to make the game accessible to more people. That man is Nicklaus D'Cruz. And today, OAAG has 11 million members, 95 per
      ARTHUR LEE  -  947 words
    • Article, Illustration
      Lock icon Learning must go on, in good times and bad
      807 12  -  BRITTANY KHOO NUS Extension believes continuing education for staff pays off in long term By THE new managers and entrepreneurs in today's dynamic economy need to be well-rounded and have to know every facet of their business, says NUS Extension's director
      YEN MENG JIIN  -  807 words
  • Page 12 Advertisements
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      118 12 Emerging f rW 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
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  • Page 13 Advertisements
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      29 13 SPRING Singapore Enabling Enterprise This is the fifth of a six-part series brought to you by Spring Singapore and The Business Times highlighting how SMEs are innovating through technology.
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  • ECONOMY WATCH
    • Article
      Lock icon Bad-bank plan needs financial muscle
      891 14 Low-cost loans for buyers seen as crucial to plan's success [LOS ANGELES] Treasury Secretary Timothy Geithner's finan-cial-rescue plan may be doomed if he does not offer low-cost loans to hedge funds and other investors to help them buy toxic assets weighing down bank balance sheets.
      891 words
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      Lock icon US downturn set to rival slump of 1973-1975
      455 14 Reuters [WASHINGTON] The US economy is set to contract sharply in the first quarter, with the current cyclical downturn on track to rival the 1973-75 slump as soaring unemployment depresses demand, a survey showed. However, a survey of 47 professional forecasters released
      Reuters; REUTERS  -  455 words
    • Article
      Lock icon Economic issues eat up Obama's second month in office
      605 14 AP [WASHINGTON] The collapsing US economy has consumed the energies of President Barack Obama as he enters his second month in office. Mr Obama has been cajoling state governors and the Congress to join efforts to fend off a deeper catastrophe
      AP  -  605 words
    • Article
      Lock icon Banks' balance sheets must be cleaned up: Lamy
      307 14 -AP [SEOUL] Banks must clean up balance sheets and regulators shore up international rules for confidence to be restored amid the global financial crisis, the head of the World Trade Organization (WTO) said yesterday. Pascal Lamy, director general of WTO, told a
      -AP  -  307 words
    • Article
      Lock icon SEC chief to beef up programme for fraud detection
      281 14 NYT [WASHINGTON] Less than a month after becoming the head of the Securities and Exchange Commission, Mary Schapiro is moving swiftly to reverse major decisions by her predecessor and to strengthen an enforcement programme that missed several major frauds that cost
      NYT  -  281 words
    • Article
      Lock icon Thai economy shrinks 4.3% in Q4 as exports dive
      580 14  -  GREG LOWE Economy expected to contract 1% this year By in Bangkok THAILAND'S economy contracted for the first time in a decade when growth in the fourth quarter of last year plummeted to -4.3 per cent. And this year's GDP growth
      580 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Foreign investment rules to be relaxed; NEP to stay
      641 15  -  PAULINE NG KL to limit role of panel that vets and approves proposed investments By in Kuala Lumpur MALAYSIA does not think the worldwide recession is a reason to scrap its New Economic Policy (NEP), but it is prepared to be
      REUTERS  -  641 words
    • Article
      Lock icon Indonesia's retail bond sale beats forecasts
      427 15 Reuters [JAKARTA] Indonesia said it raised more than expected in its first retail syariah-compliant bond and will go ahead with plans to tap a wider range of investors to finance a ballooning budget deficit as it tries to shield the economy from the global
      Reuters  -  427 words
    • Article
      Lock icon Bumi-Commerce Q4 net profit slips 34%
      466 15 Reuters Bank hit by weak capital markets, M&A charges [KUALA LUMPUR] Malaysia's second-largest lender, Bumiputra-Commerce Holdings Bhd (CIMB), posted a more than one-third drop in fourth-quarter net profit, dragged down by merg-er-related charges and as income from capital markets dipped. CEO Nazir Razak flagged
      – Reuters  -  466 words
    • Article
      Lock icon Exports may fall this year: KL minister
      174 15 Reuters [KUALA LUMPUR] Malaysia's exports could fall 3 to 4 per cent this year from 2008, a top minister said yesterday, as the global economic slowdown pushes down demand for the country's products. "The best could be 0.5 per cent (rise). We fear
      Reuters  -  174 words
    • Article
      Lock icon Buy 3-yr KL bonds, get fixed-rate swaps
      376 15 LJ J-J-J-k_* TJJ_ *—-K J. k_* Bloomberg [SINGAPORE] Investors should purchase Malaysia's three-year government bonds and receive a fixed rate of interest in swaps as the central bank is likely to cut borrowing costs, according to DBS Group Holdings Ltd. DBS forecasts the
      LJ J-J-J-k_* TJJ_ *—-K *_^- *_* J. k_* * – Bloomberg  -  376 words
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      176 15 W^a^f bsaiss gP^NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BUILDSON CONSTRUCTION PTELTD (Company No: *****3625E) (In Members' Voluntary Winding Up] NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Cap. 50 the Final Meeting
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      85 15 Suntec City Office Towers JI^MI The Business Capital of Asia Prestigious Business Address -\W mkf'/ t f Xl x^v Panoramic city, Fountain of Wealth and sea views Integrated ancillary business facilities Units from 1,000 sq ft to 17,000 sq ft available to meet diverse business needs Fitted out units available
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      12 15 Lianhe Zaobao I Falling I in love I with I 22 p
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  • GREATER CHINA / INDIA
    • Article
      Lock icon China has to keep buying US Treasuries: economists
      530 16 AFP The value of China's US assets would fall if it reversed course, they argue [SHANGHAI] China has little choice but to follow Hillary Clinton's call and continue buying US Treasury bonds, as reversing course would lead to the value of its
      AFP  -  530 words
    • Article, Illustration
      Lock icon Fiscal deficit to hit record high: report
      314 16 -AFP [BEIJING] China's fiscal deficit is set to hit a record high this year, as the global crisis shrinks revenues while forcing the government to spend more on pump-priming, local media said. The finance ministry has foreseen a deficit of 950 billion yuan
      -AFP; AFP  -  314 words
    • Article
      Lock icon Beijing spending big to boost growth
      245 16 Bloomberg [BEIJING] China will "massively" increase government investment in 2009, expand social-security coverage and target stability, the Communist Party's Politburo said. State television reported yesterday night on a meeting of the party's top decision making body, chaired by President Hu Jintao, to discuss a
      – Bloomberg  -  245 words
    • Article
      Lock icon Taiwan economics minister calls for FTA with China
      522 16 AP [TAIPEI] Taiwan's economics minister says the island must sign a free trade agreement (FTA) with rival China or risk its exports eventually crumbling as regional trade blocs become the global norm. The comments yesterday by Yiin Chii-ming are the latest development
      AP  -  522 words
    • Article, Illustration
      Lock icon India wants to prevent auction of Gandhi items
      401 16 AFP [NEW DELHI] The Indian government is drawing up plans to prevent several of Mahatma Gandhi's personal possessions from being sold at auction in New York, an official said yesterday. A special government committee has met twice to work out how to
      AFP  -  401 words
    • Article
      Lock icon Reliance plans to acquire fuel storages in US
      381 16 Reuters [NEW DELHI] India's Reliance Industries will soon acquire clean storages in the US East Coast and Gulf Coast to sell huge volumes of fuel, a senior official said, putting in place the global infrastructure that will cement its swing-sup-plier role. "We
      Reuters  -  381 words
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon Fees give big US banks good start to 2009
      670 17 -NYT They see surge in debt issuance, higher charges for hedge fund trades [NEW YORK] The financial industry has a bit of good news. Really. For all the dire developments among banks the slumping stock prices, the gaping losses, the unsettling
      -NYT  -  670 words
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      Lock icon Banque Populaire, Caisse d'Epargne to get govt aid
      345 17 Reuters, AP [PARIS] Two French lenders, Banque Populaire and Groupe Caisse d'Epargne, which are expected to detail a merger this week, will get an extra 2.5-5 billion euros (554.87-9.74 biUion) of aid from the French state. The management was also likely to
      – Reuters, AP; BLOOMBERG  -  345 words
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      Lock icon Ito to slide into the driving seat at Honda
      389 17 Reuters [TOKYO] Honda Motor's chief executive officer, Takeo Fukui, will step down in June and will be replaced by senior managing director Takanobu Ito. The move was widely expected amid a global crisis in the auto industry. Mr Fukui, 64, will
      – Reuters; REUTERS  -  389 words
    • Article
      Lock icon UBS chairman takes heat over tax fraud probe
      524 17 Reuters Parliament members say Kurer should step down: paper [ZURICH] Pressure mounted on the chairman of ÜBS on Sunday to step down after the Swiss bank was engulfed in a storm of criticism over its handling of a US probe into tax
      – Reuters  -  524 words
    • Article
      Lock icon California pushes ahead with high-speed rail plan
      619 17 ■AFP [SACREMENTO] One hundred and forty years after a new transcontinental railroad linked California to the world, trains are being hailed as integral to the state's growth in the 21st century. This time, state officials are preparing to spend billions of dollars on
      ■AFP  -  619 words
    • Article
      Lock icon Fairfax reports first loss after advertising slump
      257 17 Bloomberg [SYDNEY] Fairfax Media, Australia's second-largest publisher of newspapers, reported its first loss on record after advertising revenue fell and the company wrote down the value of newspapers and media licences. The fiscal first-half net loss totalled A5365.3 million (*****.87 million) compared with
      – Bloomberg  -  257 words
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  • WORLD
    • Article
      Lock icon Newspapers a drag on Murdoch's fortunes
      788 18 NYT But he seems to be anticipating a future with fewer competitors [WASHINGTON] Rupert Murdoch had an office built for him at The Wall Street Journal within days of buying it 14 months ago, and he has made ample use of it ordering up
      NYT  -  788 words
    • Article, Illustration
      Lock icon 20th Century Fox unit is top dog at Oscars
      877 18 Reuters, NYT Fox Searchlight is US distributor behind eight-award sweep Recent history, however, has shown that there is little Oscar bounce for a best-picture winner. Last year, "No Country For Old Men" added US$lO million, ending up with US$74 million. International
      Reuters, NYT; :AFP,; !ap'; ! REUTERS,; , FOX SEARCHLIGHT -■  -  877 words
    • Article
      Lock icon 'Mozart of Madras' bags two Oscars
      426 18 -AFP [HOLLYWOOD/MUMBAI] Indian composer AR Rahman's double Oscar win for Slumdog Millionaire is his highest accolade yet in a career that has taken him from provincial Indian cinema to the Hollywood red carpet. In doing so, the 43-year-old once called "the Mozart of Madras"
      -AFP  -  426 words
    • Article
      Lock icon Movie has done India proud: PM Singh
      181 18 T -L-L W L_* *_> J.^_> J. *J J.J. »J Xinhua [NEW DELHI] Indian Prime Minister Manmohan Singh yesterday congratulated on the winning of eight Oscar prizes by the Slumdog Millionaire, saying the movie "has done India proud". Two Indian nationals won three
      ■ T -L-L W L_* *_> *_-■ J.^_> J. *J J.J. »J ■ Xinhua  -  181 words
    • Article
      Lock icon A master of small budget films
      431 18 AFP [HOLLYWOOD] Danny Boyle has spent most of his career proving that small is often beautiful, whether he's filming drug addicts in Edinburgh or virus-crazed zombies rampaging through London. The 52-year-old Briton, who won the Oscar for best director for Slumdog Millionaire, forged his
      AFP  -  431 words
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  • SHIPPING/AVIATION
    • Article
      Lock icon Recession as a necessary correction for offshore sector
      620 19  -  VINCENT WEE Casualties in the downturn will only be the small players, says analyst By [SINGAPORE] The current recession is nowhere near being another Great Depression and in fact was something the offshore industry needed, according to industry old hand Neil Baird.
      620 words
    • Article, Illustration
      Lock icon Pirates free crew abducted from Malacca Straits
      333 19  -  VINCENT WEE Both sailors released yesterday returning to Indonesia By1 [SINGAPORE] THE first kidnapping in more than a year has hit the Straits of Malacca, with the master and chief engineer of a tug grabbed by pirates on Thursday last week and freed
      ReCAAP ISC Secretariat  -  333 words
    • Article
      Lock icon M'sia confirms scrapping AirAsia airport plan
      277 19 AFP [KUALA LUMPUR] Malaysia's government has confirmed it has vetoed an ambitious plan by budget carrier AirAsia to build a US$46O million airport outside the capital. Deputy Prime Minister Najib Razak said the proposal was scrapped because the carrier's partner in the project, Malaysian
      AFP  -  277 words
    • Article
      Lock icon Barclays to fund AirAsia's new Airbus purchase
      99 19 -AFP [KUALA LUMPUR] AirAsia said yesterday that British banking giant Barclays was funding its purchase of 15 new Airbus A320-200 aircraft, despite gloomy forecasts for the aviation industry. "AirAsia has mandated Barclays Capital, the investment banking division of Barclays pic, to finance 15
      -AFP  -  99 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2596 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
      2,596 words
  • Page 19 Advertisements
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      71 19 1 flgf ASIAN SHIPPING and WORK BOAT EXHIBITION *»ihm!uh.«.ih«4i 3 iili%F HALL 401 SUNTEC SINGAPORE I ship and boat builders engine/propulsion system manufacturers 3 limo C L oV ol OAAQ COUNTLESS MARINE EQUIPMENT AND SERVICE SUPPLIERS |^^g h■■■to^^^ February 24 26, 2009 j BUT; W TH so much to see.,
      71 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Lock icon Page 19 Miscellaneous Column 1
      338 19 CRYPTIC CROSSWORD atdhcc HLnujj I rr ri 1 Some people are liberal with I 10 Surprised expression, having _HH^_HB_^M_HH_HH_HM_HH_^ no source of investment cap- 10 1 Il' I 1131 [D) i 11 A shade inexperienced on 12 Fighting there, but protecting Cuba is this ancient weapon (9) I4~^ 13 Bones
      338 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Malaysia needs big stimulus package
      486 20 MALAYSIA'S Deputy Prime Minister Najib Razak will unveil his mini-budget on March 10 as part of a plan to reflate the Malaysian economy now sinking slowly into what could be its first recession in 11 years. There will be new spending initiatives as well as
      486 words
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      Lock icon US would be lucky to be as stable as Japan
      893 20  -  WILLIAM PESEK JR Despite prolonged woes, Japan's economy never fully collapsed nor got near a depression IT'S time to stop debating whether the US is becoming Japan. The US already is Japan with near-zero interest rates, a broken financial system
      AP  -  893 words
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      Lock icon US economics pays price of partisan politics
      801 20  -  ROBERT SAMUELSON THE BOTTOM LINE JUDGED by his own standards, US President Barack Obama's US$7B7 billion economic stimulus programme is deeply disappointing. For weeks, Mr Obama has described the economy in grim terms. "This is not your ordinary run-of-the-mill recession," he said at
      801 words
    • Article, Illustration
      Lock icon What ails free market economies?
      1447 21  -  TAN CHIN HWEE China's planned economy, with heavy government interference in markets, could be a key model for the world By' 1949: Only socialism can save China 1979: Only capitalism can save China 1989: Only China can save socialism 2009: Only China can save capitalism
      AP  -  1,447 words
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      Lock icon US banks: nationalise or else
      804 21  -  PAUL KRUGMAN -NYT COMRADE Greenspan wants us to seize the economy's commanding heights. OK, not exactly. What Alan Greenspan, the former Federal Reserve chairman and a staunch defender of free markets actually said was: "It may be necessary to temporarily nationalise some banks in order
      -NYT  -  804 words
    • Article
      Lock icon Rights issues: what needs to be done
      246 21  -  Denis Distant LETTER TO THE EDITOR I REFER to the report "SGX speeds up fund-raising from rights issues" (BT, Feb 20) which is aimed at speeding up the time taken currently for rights issues. But what about the tail end of these exercises?
      246 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8616 22 Transaction date: Feb 23 52-wks Tel |h Low Code Last Sale Vol Cooo) Hi: Day Last Quote Div Gr Yld Net 111 Low Buyer Seller C'vr P/E M Cap Sniil Hi! Com| >ari] 9 3 3148 8Telecom 12 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 30.5
      8,616 words
    • Article
      Lock icon SGX CATALIST
      1848 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
      1,848 words
    • Article
      Lock icon SGX XTRANET
      103 23 52-Wk Tel h Low Code Last Sale Vol ('000) Day lh Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil _Hm Comi _H|< 1830 1830 DBXT FTChina25 10US$ 931 872 DBXT MSTaiwan 10US$ DBXT Nifty 10US$ DBXT S&P Short 10US$ ***** ***** 6065 Diamonds 6200
      103 words
    • Article
      Lock icon CLOB INTERNATIONAL
      61 23 Hii Low Code Comi >an< Sale COOP] Hii Low Bui rer Seller C'vr P/E imil 84.5 29.5 6000 AVJennings 11 4 6134 Over&Gen 24.5 6 6017 StarCruises 248 103 6019 TanChonglnt A30 A8 US8 HK112 -5 +0.5 20 72 30 8 30 7.5 26 7 107 32 8
      61 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9208 23 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.39/ AIGIF S'pore Bond Fund/ A 1.202/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.62/ APS Alpha Fund (USD)!** 0.4/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5631/ APS Komaba
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      368 24 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Feb20 World Index Preliminary 583.1 -2.5 -14.0 -1.9 -10.8 -2.6 -16.. EAFE Preliminai 564.0 -3.0 -13.1 -2.6 -12.6 -3.3 -18.1 Euroi Prelim inan 789.8 -3.7
      368 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      131 24 As at 9am Feb23 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9810 1.0390 Can dollar 1.2150 1.2310 Euro 1.9480 1.9730 NZ dollar 0.7740 0.7920 Sterlini ind 2.1890 2.2171 US dollar 1.5230 1.5410 Local dollars to 100 units of foreign currency:
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    • Article
      Lock icon INTERBANK RATES
      170 24 Feb23 *L Offer Bid Overnight 1/8 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 5/16 US$ Offer 1/16 3/16 5/16 7/16 BJd 7 days 1 month 2 months 3 months 6 months I. 12 months $Au 0.40 0.60 1.10 1.50 2.00 2.30 2.50 Offer 0.30 0.50 0 90
      170 words
    • Article
      Lock icon STOCK INDEX FUTURES
      24 24 Feb23 ten Hii Sett STI IIMSCI Feb 191.5 199.2 198.0 "aiwan Feb 165.5 170.0 170.0 Source: MF Global (S) He. Ltd
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      Lock icon US$/S$ FORWARD RATES
      21 24 Feb23 S! Bid Offer 1-month 1.5199 1.5214 2-months 1.5194 1.5211 3-months 1.5188 1.5206 6-months 1.5177 1.5196 Source: OCBC
      21 words
    • Article
      Lock icon PALM OIL
      64 24 Feb23 KLCE PALM FUTURES (RIV Delivery Opening Month Range M/MT) Sett Av Price Price Hi Low Vol Open Done Position Mar 09 1894 1890 1920 1890 332 4874 AprO9 1863 1866 1902 1850 1515 ***** May 09 1855 1880 1892 1836 7291 ***** JunO9 1835 1850 1883 1832
      64 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      305 24 Feb23 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES MarO9 JunO9 SepO9 DecO9 98.7575 98.7550 98.6700 98.5000 9068 5700 5917 2049 EUROYEN TIBOR FUTURES MarO9 99.325 99.325 JunO9 99.445 99.445 SepO9 99.520 99.520 DecO9 99.525 99.525 Mar10 Jun10 Sep10 Dec10 99.325 99.445 99.520 99.525 99.325 99.440 99.505
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    • Article
      Lock icon SICOM FUTURES
      166 24 Feb23 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l lots) Mar 09 141.1 Apr 09 140.0 May 09 140.8 JunO9 141.5 Jul 09 142.5 Aug 09 141.0 141.1 140.0 140.7 141.5 142.5 141.0 142.0 142.5 143.0 143.5 142.5 142.0 12
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    • Article
      Lock icon GOVERNMENT SECURITIES
      88 24 Feb23 'eriod Issue code Maturity Yesterday's Bid Hi< Day's |h Low I-Month BQ*****X 28.05.2009 -Year BY*****V 02.11.09 0.32 0.41 0.23 0.23 3OVERNMENT BONDS 'eriod Issue Coupon Maturity code rate Close Bid Day's High Low !-Year N*****0E 3.125 I-Year NX*****Z 2.250 '-Year N*****0S 2.875 0-Year NY*****A 4.000 5-Year NY*****X
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    • Article
      Lock icon CHICAGO BOT
      101 24 Feb2o (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Mar 09 862.50 884.50 889.25 854.00 May 09 863.25 886.00 891.25 854.25 Jul 09 869.25 891.50 896.25 859.75 AugO9 863.50 883.00 871.75 853.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 09 30.22 30.42 30.94 29.57 May 09
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 24 CRUDE OIL PRODUCTS Feb2o CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 40.78 -0.25 WTI (Near Mth) 39.03 0.09 Dubai (1-Mth F) 40.62 0.03 Tapis blend 45.40 0.45 Minas 41.95 -0.45 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 42.55 50.10 -0.95 1.10 US$/barrel US! Opec Oil
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    • Article
      Lock icon INTERBANK CROSS RATES
      462 24 Feb23 AS CS Rmb Euro HKS IndRsRi Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: Australia 0.810 4.471 0.505 5.070 32.348 77.814 0.610 9.730 2.390 1.263 52.247 31.355 0.994 6.526 0.753 22.637 23.272 0.449 0.654 Canada 1.235 5.523 0.624 6.262 39.956
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    • Article
      Lock icon SIBOR
      77 24 Feb23 (US$) (SS) 0.***** 0.***** 1 mth 2 mths 0.***** 0.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.***** 3 mths 1.***** 0.***** 6 mths 9 mths 12 mths 1.***** 1.***** 2.***** 0.***** 0.***** 0.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 1.***** 5yrs
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      146 24 Feb23 Zurrencies Bid Offer Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 0.9936 0.9951 0.6537 0.6541 Canadian dollar 1.2273 1.2292 0.8074 0.8080 luro 1.9684 1.9710 1.2950 1.2955 IZ dollar 0.7861 0.7882 0.5172 0.5181 Sterlinc 2.2134 2.2159 1.4562 1.4565 IS dollar 1.5200 1.5214 >$IUS$ to
      146 words
    • Article
      Lock icon PRECIOUS METALS
      166 24 Feb23 GOLD (USS/oz) Feb 23 Feb 20 GOLD BULLION COINS Hong Kong London 981.10 973.70 982.10 974.70 Feb 20 Feb 19 994.40 980.10 996.00 982.10 Source: Thomson Reuters (S$) Selling Buying 1 oz 1675.62 1518 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm $587.43 482 SILVER Selling Buying
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      Lock icon LONDON METALS
      62 24 Feb2o Co iiuiii, yy.i (US$/tonne) Close Previous :ash 1269.25 months 1305.00 1314.01 1350.01 Copper, Grade A (US$/tonne) :ash months 3115.25 3150.00 3254.75 3290.00 .ead (US$/tonne) :ash 1019.00 months 1030.00 1060.01 1070.51 lickel (US$/tonne) :ash months 9420.00 9500.00 9821.01 9900.01 'in (US$/tonne) :ash *****.00 *****.01 months *****.00 *****.01 Inc.
      62 words
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      Lock icon LIFFE
      70 24 Feb2o :OCOA (Btonne) Close Prev Hii ih/Low Mar 09 1786 1873 1858/1784 May 09 1762 1848 1834/1760 Jul 09 1757 1838 1826/1757 SepO9 1745 1830 1820/1742 COFFEE (US$/tonne) Close Pev High/Low Mar 09 1558 1577 1579/1557 May 09 1565 1586 1586/1564 SUGAR (US tonne) White Close Prev High/Low May
      70 words
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      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2356 24 BONDS, WARRANTS EXTENDED SETTLEMENT rei lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Prem Expiry Disc Gear- Mths 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
      2,356 words
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      2707 25 Shipping times |^Q2^^^^^ft^^^^^HHl^^^Hl^l Direct Calling to TWTPE every Saturday i UKTOT:r EBV,CE 1 s^S 5S 1 with enect from 28 Feb 2009. ,m AN t t Transjt Tjme ex Si|| 6 days Q|||y Loads Singapore, E./W. Malaysia, Indonesia Loads E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE F.E./S.E.A SERVICE Destination Destination THinn KFFIIINII
      2,707 words
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  • PROPERTY
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      Lock icon China moves to help housing market
      389 27 Reuters Beijing may scrap curbs on purchases of second homes, official media say [SHANGHAI] China is considering a package of measures to provide long-term support for its residential housing market, including the scrapping of curbs on purchases of second homes, official media reported yesterday.
      – Reuters; BLOOMBERG  -  389 words
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      Lock icon HK developer ups luxury home prices
      783 27 Bloomberg After selling 150 units in 10 days, they plan a 5% raise [HONG KONG] Sun Hung Kai Properties Ltd, Hong Kong's biggest developer by market value, is raising prices for a new luxury residential project by 5 per cent after selling 150 units
      Bloomberg  -  783 words
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      Lock icon Seeing gold in California housing bust
      941 27 -Reuters [LOS ANGELES] California's tortured real estate market has brought heartbreak and ruin, but some investors, speculators and first-time home buyers are also dreaming big and finding opportunities a silver lining in the Golden State's epic housing crash. For many young couples, plummeting prices
      -Reuters; REUTERS  -  941 words
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      30 27 For Lease Hi-Tech Building At Paya Lebar 7-Storey Aircon, false ceiling Grd Fir Showroom: 4,500 sf lightings Upper Floors: 7,000 sf Expected TOP May 2009 Near circle line MRT www.savills.com.sg
      30 words
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      60 27 EN-BLOC FREEHOLD BUILDING d FOR SALE HSj)^\. 79 units with a combined strata area ldea' *or lar9e cor Porate user investor If^^ Suitable for office, showroom, warehousing light manufacturing activities Zoning Business 1 i^& I^^^ Brand new, TOP soon Near to Kranji new downtown MRT line S"**=s Contact Danny: *****697
      60 words
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  • INDUSTRIAL SPACE
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      Lock icon Fusing science, art and nature
      1002 28 Fusionopolis' towers house scientists and engineers working on new medical solutions and technical innovations, reports EMILYN YAP DRIVING past Buona Vista it is hard to miss the futuristic towers that make up the first phase of Fusionopolis. Connected by a podium, the 24-storey Symbiosis and
      HIDETAKA MORI  -  1,002 words
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