The Business Times, 26 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
    23 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg mm A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 197/08/2008 Thursday, February 26,2009
    23 words
  • Article, Illustration
    Lock icon Hitting the skids
    15 1 Source: Ministry of Finance,/ Source: company results analysed by ,AP I BBC
    ,AP; I BBC  -  15 words
  • Article
    Lock icon Japanese exports crash 46%, rattling yen
    573 1  -  ANTHONY ROWLEY Economy forecast to shrink 4% or more this year By in Tokyo JAPAN'S exports plunged a staggering 46 per cent last month from January 2008, creating a 953 billion yen (Ssls billion) trade deficit. But as the dismal data was announced yesterday,
    573 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      42 1 1COMP 896.51 +2.44 IIKKEI225 7,461.22 +192.66 IANG SENG 13,005.08 +206.56 ;et index 434.24 +2.92 JAKARTA COM P 1,300.11 +4.24 IANILACOMP 1,887.10 +17.51 ;eoulcomp 1,067.08 +3.20 ;henzhen b 321.07 +1.28 IUMBAI IND 8,902.56 +80.50 11AM EST Cham )OW 7,174.99 -175.95 IAS DAI
      42 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 5.91 HONG KONG 5.00 INDONESIA 16.552 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 FOREX
      45 1 IS$ (S$ per US$) 1.527 (US$/S$ per 1.457 2.224 ;URO (US$/S$/E) 1.288 1.966 Foreign currency per US$ S$ 'EN 97.10 63.60 3.667 2.402 IK$ 7.754 5.079 !AHT 35.78 23.43 lUPIAH 11,937 7,819 lENMINBI 6.838 4.479 INDIAN RUPEE 49.82 32.63 1.530 1.002 IZ$ 1.936 1.268
      45 words
  • Article, Illustration
    Lock icon HK's shrinking economy gets a cautious Budget
    710 1 AP, Reuters, Bloomberg GDP may contract up to 3% this year; no big bang measures to stem the tide [HONG KONG] Hong Kong's economy shrank 2.5 per cent in the last quarter and is set for a downward spiral in 2009, likely posting
    AP, Reuters, Bloomberg; BLOOMBERG  -  710 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      60 1 Jwfelf MONEYLENDERS ACT PROPERTY SALE OF AIA US ECONOMY Banks to muscle in on Market cap of Just 3 bidders Obama's j\| GE Moneys turf Asian Reits shrinks remaining balancing act M m%m i^LW PAGE 2 PAGE 28 PAGE 15 PAGE 2 Ml^B liiljl BizlT Call centre growth likely to
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  • TOP STORIES
    • Article
      Lock icon Banks to muscle in on GE Money's turf
      558 2  -  SIOW LI SEN Lower income limits for unsecured bank loans; GE falls under Moneylenders Act By [SINGAPORE] Easy money no more from March 1. GE Money which pioneered lending money to low-income borrowers on a mass scale has been brought under the
      558 words
    • Article, Illustration
      Lock icon Obama's balancing act
      760 2  -  LEON HADAR He acknowledges anger over banks but explains that he must help them ADDRESSING a joint meeting of the US Congress on Tuesday night, President Barack Obama intriguingly left his options on Citigroup and Bank of America open saying that the government would do whatever was
      BLOOMBERG  -  760 words
    • THREE-MINUTE DIGEST
      • Article
        Lock icon HK's shrinking economy gets a cautious Budget
        84 2 HONG Kong's economy shrank 2.5 per cent in the last quarter and is set for a downward spiral in 2009, likely posting its first full year contraction since the Asian financial crisis a decade ago, the government said yesterday. The economy is expected
        84 words
      • Article
        Lock icon Japanese exports crash 46%, rattling yen
        60 2 JAPAN'S exports plunged a staggering 46 per cent last month from January 2008, creating a 953 billion yen (Ssls billion) trade deficit. But as the dismal data was announced yesterday, some relief appeared to be in sight for the country's battered exporters from a
        60 words
      • Article
        Lock icon Banks to muscle in on GE Money's turf
        89 2 GE MONEY which pioneered lending money to low-income borrowers on a mass scale has been brought under the new Moneylenders Act which restricts loans to no more than two times monthly income. GE's popular EzyCash, sold in 24 Sing Post outlets to
        89 words
      • Article
        Lock icon FibreChem auditors can't finalise balance sheet
        67 2 FIBRECHEM Technologies said its auditors Ernst Young could not finalise the audit of its trade receivables and cash balances for the financial year ended Dec 31, 2008. It has appointed nTan Corporate Advisory as an independent investigator and financial adviser to look into this
        67 words
      • Article
        Lock icon Ho Bee Q4 profit down 71%
        77 2 HO BEE Investment, which posted a 70.9 per cent year-on-year slide in fourth quarter net earnings to $11.3 million, warned that the group will be facing "a very challenging year amidst the weak market sentiment and adverse economic environment". For the full-year, Ho Bee's
        77 words
      • Article
        Lock icon CAO posts US$3.5m Q4 net loss
        77 2 AS it forewarned, China Aviation Oil (Singapore) yesterday reported a net loss of US$3.5 million in the fourth quarter, no thanks to costly jet fuel inventories procured at Shanghai Pudong Airport with its share of the net losses at the Chinese jet fuel supply
        77 words
      • Article
        Lock icon Asian Reits market capitalisation shrinks
        73 2 THE market capitalisation of Asian real estate investment trusts shrank by almost a third in the second half of last year compared with the first half, as unit prices of Reits dived and new listings dried up. Singapore Reits took one of the worst beatings,
        73 words
    • Article, Illustration
      Lock icon FibreChem auditors can't finalise books
      572 3  -  LYNETTE KHOO nTan Corporate Advisory appointed independent investigator, adviser [SINGAPORE] FibreChem Technologies said yesterday that Ernst Young could not finalise an audit of its trade receivables and cash balances for the year ended Dec 31, 2008. The company has appointed nTan Corporate Advisory as an
      Si FILE PHOTO  -  572 words
    • Article
      Lock icon 99,000 job losses seen in Singapore by next year
      355 3 Bloomberg The economy will probably contract 4.8% in 2009, says DBS [SINGAPORE] Singapore may lose 99,000 jobs by 2010 amid the country's worst economic slump, pushing the unemployment rate to 5 per cent by the middle of next year, DBS Bank
      Bloomberg  -  355 words
    • Article
      Lock icon Existing home sales fall, median price down 15%
      393 3 Bloomberg LATEST US DATA Supervision, not control, will be used to guide banks: Fed [NEW YORK] Sales of US previously owned homes unexpectedly fell in January as plunging prices no longer attracted buyers ahead of the Obama administration's stimulus plans. Purchases fell
      – Bloomberg  -  393 words
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      Lock icon Page 2 Advertisements Column 1
      86 2 hi I Wi F^9 X i. i B3 f^B t, fa B§ I pB^BB# 4\ "*»>»* Ik 91 HE 111 y l I B^^B^BMi"* I V t~ •?*^£-'#'Bi I WA sLII^bV I 4 I I fl PL I B" •H BH H ft w M bW Mi L n iTiT
      86 words
    • Advertisement
      Lock icon Page 2 Advertisements Column 2
      101 2 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. II I THE MONETARY AUTHORITY OF SINGAPORE Tenor Approximately 20 years Total Amount Allotted SGD 700,000,000 Amount Allotted to Non-Competitive Applications SGD 260,071,000 Of which allotted to MAS SGD
      101 words
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      263 3 4& Vorsprung durch Technik www.audi.com.sg .>»*~~**n. /""^^C^T^^T*ss^ M V^ VA GLobaL Audi ambassador Aj M^l tf W& CJL -w Lorena Ochoa £mr£%J VTA World No. 1 women's golfer H nmd V-\ V^—^m. HSBC Women's Champions JB \SL 2008 winner Bs^^*^B H 3^2i Be a winner with the most successful premium
      263 words
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  • COMPANY NEWS
    • Article
      Lock icon Ho Bee Q4 profit down 71%
      512 4  -  KALPANA RASHIWALA Company warns of tough year ahead but expects to ride through difficult period HO Bee Investment, which posted a 70.9 per cent plunge in fourth-quarter net earnings to $11.3 million, has warned of "a very challenging year amidst the weak market sentiment
      512 words
    • Article, Illustration
      Lock icon DBS expansion on track: Boon Hwee
      375 4  -  CONRAD TAN DBS Group's expansion plans in Asia remain on track and the bank is "well positioned" to weather the economic slowdown, chairman Koh Boon Hwee said yesterday. "We continue to selectively and carefully grow our loans," he said, when asked about the group's
      375 words
    • Article
      Lock icon DBS sees more firms issuing rights shares
      300 4  -  EMILYN YAP By BARELY two months into the new year, half a dozen Singa-pore-listed companies have announced rights issues and more could do so in the next few months. "In the current environment, while credit is tight, companies need to strengthen their balance
      300 words
    • Article
      Lock icon Downside of pre-emptive rights issues
      485 4  -  SIOW LI SEN AT last week's OCBC Bank results briefing for Q4 2008, reporters were surprised to be greeted by a "food challenged" offering at the end of the meeting with senior management. In previous years, the buffet was spread out over several tables. An
      485 words
    • Article
      Lock icon CAO posts US$3.5m loss in Q4
      531 6  -  RONNIE LIM FY2OOB net profit down 77.2% as FY2007 included huge one-time gain By AS it forewarned, China Aviation Oil (Singapore) yesterday reported a net loss of US$3.5 million in the fourth quarter, thanks to costly jet fuel inventories procured at Shanghai Pudong Airport
      531 words
    • Article, Illustration
      Lock icon KS Energy Q4 net up 36% to $9m
      537 6  -  RONNIE LIM Q4 revenue from drilling services almost quadruples By OIL gas field services provider KS Energy Services' (KSE) fourth quarter net profit rose 36.3 per cent to $9.1 million, on the back of a 30.1 per cent increase in revenue to
      537 words
    • Article
      Lock icon At a glance
      529 6 Full year ended Dec 2008 Three months ended Dec 2008 NET PROFIT TURNOVER CURRENT PREVIOUS CHNG (S m) CURRENT PREVIOUS (S:m) CHNG 1 People's Food 148.26 103.65 43.0 2 HoBeelnv 93.07 272.20 -65.8 2,280.97 1,869.81 302.08 596.14 22.0 -49.3 3 CWT 73.91 34.79 112.5 602.71 534.91 12.7
      529 words
    • Article
      Lock icon China Paper profit up 44.8%
      212 6  -  LYNETTE KHOO CHINA Paper, which hit record sales last year, said its plan to double its paper chemical capacity remains on track despite the economic downturn. The group's net profit for the year ended Dec 31, 2008, jumped 44.8 percent to 143.38 million yuan (5532.1
      212 words
    • Article
      Lock icon Aztech Q4 net plunges 56%
      249 6  -  ONG BOON KIAT WORSENING conditions in the electronics sector pulled Aztech Systems' fourth quarter net income down by 56 per cent to $2.43 million, from $5.56 million a year ago. Revenue fell 15 per cent to $71.1 million, from $83.18 million in the corresponding period
      249 words
    • Article
      Lock icon CWT earnings more than double to $73.9m
      389 6  -  OH BOON PING CWT Ltd yesterday reported a more than doubling in net profit to $73.9 million from $34.8 million on a 13 per cent rise in sales to $602.7 million for the year ended Dec 31, 2008. Earnings per share were 12.87
      389 words
    • Article
      Lock icon Leeden's '08 earnings climb 58.6%
      250 6  -  VINCENT WEE WELDING, gas and safety integration specialist Leeden has posted a net profit of $10.4 million for 2008, up 58.6 per cent from $6.5 million in 2007, as revenue grew by half to $157.2 million on strong marine and offshore oil-and-gas activity. This segment
      250 words
    • Article
      Lock icon MacarthurCook Fund H1 distribution falls
      362 7  -  EMILYN YAP DPU for quarter ended Dec 31 was cut as warned by the fund MACARTHURCOOK Property Securities Fund yesterday reported a distribution income of A 56.68 million (556.64 million) for the half year ended Dec 31, 2008 46 per cent less than a year
      362 words
    • Article
      Lock icon OUE unit Clifford loses appeal to waive stamp duty
      408 7  -  OH BOON PING CLIFFORD Development's appeal to waive some $2.18 million in stamp duty for the transfer of two properties has been dismissed. On Tuesday, the Court of Appeal upheld an earlier ruling that made Clifford liable to pay stamp duty
      408 words
    • Article
      Lock icon One-off costs lower Old Chang Kee profit
      301 7  -  JOYCE HOOI SNACK retailer Old Chang Kee posted a 15.5 per cent fall in net profit to $2.23 million for the financial year ended Dec 31, 2008, from a restated $2.64 million for FY2007. The group, which was listed on the Catalist board
      301 words
    • Article, Illustration
      Lock icon Koh Brothers '08 net profit drops 30%
      321 7  -  UMA SHANKARI CONSTRUCTION and property group Koh Brothers yesterday reported a 30 per cent fall in 2008 net profit to $27.7 million, from $39.7 million in 2007. The decline was mainly due to the absence of any revaluation gain in 2008. In 2007,
      321 words
  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      152 4 iv V S« '/jj^m g BBl' j vaVI Fares shown are per person for a Business Class round trip inclusive of airport tax, insurance and fuel surcharge correct as of date of publication and may be subject to change due to currency fluctuation.Sales Period is from now to 16 April
      152 words
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      Lock icon Page 5 Advertisements Column 1
      845 5 Ca p/ta Land Rights Issue Subscription opens today Capita Land Limited is undertaking a renounceable and fully underwritten Rights Issue of up to 1,415,839,907 Rights Shares at the issue price of 551.30 per Rights Share on the basis of one (1) Rights Share for every two (2) existing Shares held
      845 words
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  • Page 6 Advertisements
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      Lock icon Page 6 Advertisements Column 1
      53 6 I MlwO nrmmrrip BmßW&mßblh IG Markets (ACRA No. *****621 X) holds a capital markets services licence for dealing in securities, trading in futures contracts and leveraged foreign exchange. IG Markets is also licensed to trade commodity CFDs by The international Enterprise Singapore. IG Markets does not operate a securities, futures
      53 words
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      447 7 Our way of saying thank you through consistent performance I M&G Global Basics Fund W Winner of Best Fund over Five Years Equity Global at The Edge-Lipper Singapore Fund Awards 2009 J* /J I M&G American Fund ncr of Best Fund over Five Years Equity North America at The Edge-Lipper
      447 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Mixed session helped by Jardine
      612 8  -  R SIVANITHY STOCKS Rises in Jardine Matheson, Jardine Strategic and Cycle Carriage added 3.5 points to the STI at the close THANKS to Sing Tel and the thinly-traded Jardine group the Straits Times Index (STI) spent a lot of yesterday in positive territory, thus conveying
      Bloomberg  -  612 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      97 8 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 5 6 3 0 0 0 5 6 3 Manufacturing 45 55 52 48 58 61 Commerce 19 14 14 20 19 17 'pt/Stor/Comms 11 19 11 20 Finance 18 12 18 12
      97 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      116 8 TURNOVER ('000) MAIN SDQ TOTAL MAIN VALUE ('000) SDQ TOTAL Multi Ind 26.769 26.769 75.535 75.535 Manufacturing 382.750 8.406 391.156 148.869 457 149.326 Commerce 48.066 10.042 58.108 41.580 1.291 42.871 Tpt/Stor/Comms 77.289 40 77.329 105.053 105.056 Finance 28.279 28.279 161.851 161.851 Construction 22.751 1.883 24.634 2.322 12
      116 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      102 8 lapitaLand 2.080 -0.030 lapitaMall 1.360 +0.050 jtyDev 4.830 -0.140 losco Corp 0.755 -0.015 IBS Grp 7.910 +0.010 :&N 2.300 -0.040 ient Intl 0.415 iolden Agri 0.285 +0.005 IK Land 2.060 -0.030 IMH 17.500 +0.500 ISH 8.800 +0.130 lardineC&C 9.460 +0.340 Ceppel Corp 4.300 Ceppel Land 1.310
      102 words
    • Article
      Lock icon BROKERS' TAKE
      972 8  -  CONRAD TAN UOL Group Feb 25 close: $1.75 CIMB-GK RESEARCH, Feb 25 Q4 2008 core net profit of $82 million forms 31 per cent of our fullyear forecast and consensus. FY2OOB core net profit of $291 million makes up 110 per cent of our estimate. A dividend per
      972 words
    • Article, Illustration
      Lock icon Yen the prominent loser once again
      515 8  -  LARRY WEE CURRENCIES US stocks bounced back smartly overnight, erasing their Monday losses on the back of supportive overnight remarks from Fed chairman Ben Bernanke. And in a true reversion to form, several currencies benefited in at least some modest way versus the US
      Reuters  -  515 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      63 8 Feb 25 VALUE CLOSE IT OB/OS -612.00 +7.0C IT CADI -*****.00 -17.0' IT 10-day MA -*****.00 -61.0' TSE ST Mid Cap 325.47 +0.9 TSE ST Small Cap 260.66 -1.41 TSE ST All Share 386.26 +0.4 TSE ST China Top 152.60 -3.01 TSE ST China 152.70 -3.0i IOB
      63 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 8 VOLUME China Honqxinq 157,800,000 Golden Agri 60,570,000 Straits Asia 55,522,000 Synear 25,337,000 Celestial 21,920,000 Global Test 21,880,000 Sing Tel 21,847,000 Cosco Corp 21,613,000 SembMar 21,389,000 Noble Grp 14,872,000 VALUE(S) DBS Grp 56,835,700 Sing Tel 55,895,670 Straits Asia 45,361,804 Keppel Corp 43,014,100 UOB 41,693,660 SembMar 31,158,970 Wilmar 31,050,670
      59 words
    • Article
      Lock icon RISES
      104 8 CLOSE UP IMH 1750 76.3 2.9 DBS Bk6% NCPS 10 9840 40.0 0.4 lardine C&C 946 34.0 3.7 ICBC Bk4.5%NCPS 100 8350 30.0 0.4 Venture Con 482 22.0 4.8 ISH 880 19.8 1.5 India Ni 10 856 17.0 2.0 DBXT MSTaiwan 10US$ 881 15.3 1.1 China H 10US$ 936
      104 words
    • Article
      Lock icon FALLS
      111 8 CLOSE DOWN 9389-520.3 -3.5 LD 10US$ lUE 998 -52.0 -5.0 ICBCCai 5.1%NCPS 100 9320 -40.0 -0.. ;txpo ioo 845 -26.0 -3.0 reat Eastern 777 -23.0 -2.9 "otal Access 78 -21.4 -15.2 IOB 5.05%NCPS 100 9692 -20.0 -0.2 At 483 -14.0 -2.! ICBC Bk 467 -11.0 -2.3 filmar 274 -10.0
      111 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      86 8 Feb 25 CLOSE CHNG FR Feb 24 YR 2008/2009 S$ LOW S$ HIGH ISS 1.5270 0.16 1.5346 1.3457 iuro 1.9623 -0.69 2.2064 1.8640 'ounds 2.2230 0.26 2.8431 2.0356 0.9979 -0.87 1.3251 0.9068 ren* 1.5772 2.00 1.7278 1.2619 lupiah* 0.***** 0.04 0.***** 0.***** !aht* 4.2677 0.25 4.4299
      86 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Singapore and Brunei: close friends in an uncertain world
      612 9  -  LEE U-WEN MM Lee says both countries have similar aspirations THEIRS is a friendship that has spanned nearly five decades and counting, and this "special relationship" between Singapore and Brunei is one that future generations of ministers and leaders should continue
      DENNIS THONG/LIANHE ZAOBAO  -  612 words
    • Article
      Lock icon Small CPA firms urged to merge and go global
      324 9  -  LYNETTE KHOO SMALL and medium certified public accounting firms should merge their practices to strengthen their resources, compete better and expand globally. This was the message that the Institute of Certified Public Accountants of Singapore (ICPAS) wanted to drive home to
      324 words
    • Article
      Lock icon Ex-Mitsui rogue trader jailed 5 yrs
      300 9  -  CHEW XIANG FORMER Mitsui oil trader Noriyuki Yamazaki was jailed yesterday for five years for falsifying accounts to hide US$Bl million of losses he incurred while trading naphtha in 2006. Yamazaki pleaded guilty last week to 10 charges of falsification of accounts, while another
      300 words
    • Article, Illustration
      Lock icon New creative head at O&M Asia Pac
      348 9  -  VICTOR KATHEYAS By OGILVY Mather Asia Pacific has appointed Eugene Cheong its creative president, succeeding Tham Khai Meng who became O&M's worldwide creative director in November last year. Mr Cheong, previously O&M's regional head of copy, is a member of the Ogilvy Worldwide
      348 words
    • Article
      Lock icon Good response from firms to F1 tickets, suites
      319 9  -  NISHA RAMCHANDANI SALES for corporate tickets at this year's Formula One race have been encouraging so far given the current economic climate, says race promoter Singapore GP (SGP). Sixty per cent of the 4,000 Paddock Club tickets have been taken up, while
      319 words
    • Article
      Lock icon CPFIS unit trusts, ILPs down 38% on average in '08
      503 9  -  GENEVIEVE CUA UNIT trusts and invest-ment-linked products (ILPs) in the CPF Investment Scheme have posted losses for 2008, along with broad market losses across a range of asset classes. The average loss overall was 38.13 per cent. Unit trusts fell
      503 words
    • Article
      Lock icon Gene chip player Illumina sets up plant
      596 9  -  CHEN HUIFEN Singapore rises to be a leader in field with more than 50% of global production SINGAPORE is emerging as a pivotal player in the world of gene chips, following the entry of a major manufacturer recently. Illumina Inc, which has its
      596 words
  • Page 9 Advertisements
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      170 9 lover 85 Million DoUellery Inventory! MIST MILIQUIDATEdI I This property shall be offered at this one day auction. Items obtained from I I govt. auctions plus the addition of goods which constitute the majority. I OVER 500 LOTS Jo' Dia 19 86ct Diamond Studs Sapphire 48.02ct. ict.toJOct. Q^^ M _^m^t^.
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  • SINGAPORE INTERNATIONAL
    • Article, Illustration
      Lock icon Boost for firms venturing abroad
      1260 10 To address lack of financing options, higher counter-party risk, IE Spore has beefed up its aid schemes, reports CHUANG PECK MING IT APPEARS that every business can do with some help from government right now, when banks are not lending and consumers are not spending.
      : Stock.xchng I  -  1,260 words
    • Article
      Lock icon Branding a key factor in local firms succeeding overseas
      664 10  -  CHUANG PECK MING By WHAT it takes for Singapore companies to make it abroad may be summed up this way: Building a strong brand for their products or services that are also well-designed and protected from copy-cats; and having the right
      664 words
    • Article, Illustration
      Lock icon Digging a future on IF scheme
      692 11 lE's Internationalisation Finance Scheme helped set up Thong Yong's quarry business in Oman, writes CHUANG PECK MING iTH the backing of International Enterprise (IE) Singapore, Thong Yong 2000 Marine has been able to secure finance to establish a presence in the lucrative Middle Eastern
      692 words
    • Article, Illustration
      Lock icon Kaimay spreading wings on gust of loan insurance
      468 11  -  CHUANG PECK MING By HOMEGROWN furniture and confectionery wholesaler Kaimay Trading first came across the Loan Insurance Scheme (LIS) on television. "We were glad to hear more details from our relationship manager at DBS Bank," says the company's export manager, Desmond Tan.
      468 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      265 10 sssr The Business Times SINGAPORE Singapore Singapore International a fortnightly series brought to you by IE Singapore and The Business Times. IE Singapore is an agency under the Ministry of Trade and Industry promoting the overseas growth of Singapore-based enterprises and international trade. www.iesingapore.com International Enterprise (IE) Singapore has come
      265 words
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      221 11 INTERNATIONAL BUSINESS FELLOWSHIP 13 th Executive Programme on India Date 19 25 Ap rii 2009 Venue Tata Management Training Centre India is Singapore's fastest growing trading partner amongst major economies. With the Indian government Pune anc |y] um bai India f boosting domestic spending to stimulate growth in this economic
      221 words
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  • ECONOMY WATCH
    • Article
      Lock icon US fast losing its competitive edge
      497 12 -NYT It ranked last among 40 in terms of progress made over last decade: study [NEW YORK] The competitive edge of the US economy has eroded sharply over the last decade, according to a new study by a non-par-tisan research group. The report by
      -NYT  -  497 words
    • Article
      Lock icon Canadian banking shows how it should be done
      540 12 Bloomberg [TORONTO] David Denison, who oversees investments for Canada's pensions, says his country's banks are the best in the world right now and US President Barack Obama, like so many money managers from Beijing to Paris, can't disagree. Before Mr Obama made
      Bloomberg  -  540 words
    • Article, Illustration
      Lock icon Philippines trims growth target
      331 12 Bloomberg Slowing exports, remittances will add pressure for rate cut [MANILA] The Philippine government trimmed its 2009 economic-growth target as it predicted exports will fall and remittances may stall, adding pressure on the central bank to cut interest rates further. The economy may expand in a
      Bloomberg; AP  -  331 words
    • Article
      Lock icon Bad loans 'biggest threat' to Korean banks
      491 12 Bloomberg [SEOUL] Bad loans are a bigger threat to South Korean banks than their foreign currency debt, and lenders need to significantly boost their capital, Fitch Ratings said. "On the asset-quality problem, there are limits to what the government can do," Heakyu Chang,
      – Bloomberg  -  491 words
    • Article, Illustration
      Lock icon An AMF would stem capital flight, says ADB
      424 12 Bloomberg [TOKYO] Asia needs its own monetary fund to protect the region's economies from capital flight as the global financial crisis deepens, according to the head of the Asian Development Bank's (ADB) research arm. Last Sunday's decision of 13 Asian countries to
      Bloomberg  -  424 words
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      1240 12 I STOCK CLEARANCE SALE I Offer ends 31 Mar 09 or while stocks last. warranty to enjoy the cash rebate. P£~j*j2| Rebate will be mailed by cheque to purchaser/warranty card applicant. 31 B ]W Please allow 2-3 weeks for processing. **RCP before rebate. ~VKGSII 60-80 0.751 btls $1,658.50** w/GST~ VKCS7I
      1,240 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon Selangor ruler stays above political fray
      631 13  -  S JAYASANKARAN Sultan declines to intervene over fate of opposition politician Elizabeth Wong By in Kuala Lumpur IN A move seemingly aimed at regaining the moral high ground, Selangor's monarch yesterday stayed above the Elizabeth Wong controversy, leaving the decision over her political fate
      REUTERS  -  631 words
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      3755 13 J_^l \^y A. aW^J ±\-i l 3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg ~w« T n r ...,--rr,^r- v«. n 7. FHL'S INTENTIONS FOR THE COMPANY AND ITS SUBSIDIARIES AGVACORPORATION LIMITED FLAMETREE HOLDINGS LIMITED /in/.« m^rot=H i n q=™, .h q i n r,™rr,„ro wi ir. n«™ m «™.,=oith aahamo^
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Local govts in China mired in 4t yuan debt
      794 14 Reuters Nomura economist sees China doubling stimulus package to 7-8 trillion yuan [BEIJING] China's local governments are already wallowing in debt even before they start issuing bonds for the first time to support Beijing's efforts to stimulate economic growth, an official
      – Reuters  -  794 words
    • Article, Illustration
      Lock icon India cuts duty, S&P downgrades outlook
      582 14 Reuters [NEW DELHI] India on Tuesday slashed factory gate duties and service tax to boost slowing growth as Standard Poor's cut its outlook on the country's long-term sovereign credit rating to negative from stable. Warning of tough times ahead, the government, which is heading
      – Reuters; AP  -  582 words
    • Article, Illustration
      Lock icon China firm buys stake in Aussie iron miner
      470 14 -AP [SYDNEY] A Chinese steelmaker is snapping up a 16 per cent shareholding in iron ore miner Fortescue in a US$77O million deal that will extend Beijing's stake in Australia's resources industry. Fortescue Metals Group Ltd said yesterday that state-owned Hunan Valin
      -AP  -  470 words
    • Article
      Lock icon India eases takeover rules, paving way for Satyam sale
      470 14 Bloomberg, Reuters The firm is likely to find an investor in about 2 months [MUMBAI] India amended takeover rules for companies where the government replaces the board to save them from collapse, paving the way for Satyam Computer Services Ltd's state-appointed
      Bloomberg, Reuters  -  470 words
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      43 14 V\l OT TUNB YOUR KAP/O TO THE HEARTBEAT OF THE INDIAN COMMUNITY fji FIT w Forget curves, W) »l 11 |>j Indian movie )C9T Il^lf^ heroines use to m Si Btflfi i^OH^J woo their man wmf^^J m IfflWIV [^||M iGDny °bis?Musce HKffISM www.radio9l3.com
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon AlG's hopes for AIA hangs on three
      674 15 Reuters Prudential, Manulife, Temasek are considering bids, sources say [HONG KONG] Three potential bidders remain interested in the sale of a large stake in American International Group's (AIG) US$2O billion Asian life insurance unit, people close to the matter said yesterday, as the
      Reuters  -  674 words
    • Article
      Lock icon Japan takes protectionist cases to WTO
      409 15  -  ANTHONY ROWLEY JAPAN'S Minister of Economy, Trade and Industry Toshihiro Nikai last night presented World Trade Organization director-general Pascal Lamy with a dossier of protectionist trade measures taken by some of Japan's leading trade partners since the outbreak of the global economic crisis late
      409 words
    • Article, Illustration
      Lock icon Citi may also sell Japan investment unit: report
      367 15 ■Reuters [TOKYO] Citigroup Inc may sell its Japanese investment bank in addition to its Japanese brokerage, seeking a better price as the faltering US lender sheds assets globally, a newspaper said yesterday. Citigroup, which a source has said is in talks with
      ■Reuters; REUTERS  -  367 words
    • Article, Illustration
      Lock icon Share buying won't work: Sakakibara
      366 15 Reuters Ex-minister says govt needs to take focused approach [TOKYO] Japan should not expand government share buying and needs a targeted approach to fiscal stimulus for an economy deep in recession, said Eisuke Sakakibara, touted as a possible finance minister if the opposition wins an
      – Reuters  -  366 words
    • Article
      Lock icon Nations need a risk officer: OECD
      317 15  -  EMILYN YAP [SINGAPORE] Should countries have a risk officer like private companies? This would be a way to better coordinate disaster preparation across government departments, according to a report by the Organisation for Economic Co-operation and Development (OECD). The report also recognises Singapore for
      317 words
    • Article
      Lock icon Oops! UBS backs out of US$3lb wrong trade
      339 15 Reuters [TOKYO] A Japanese unit of Switzerland's ÜBS AG said its computer systems mistakenly placed a US$3l billion order for convertible bonds (CB) of videogame maker Capcom Co yesterday, but it was able to cancel the trade at no cost. ÜBS Securities
      – Reuters  -  339 words
    • Article
      Lock icon Dark times ahead for Thailand, says Moody's
      420 16  -  GREG LOWE THAILAND'S economy may be the worst hit in Asia as the global slump tightens its grip on the region, says Moody's Economy.com. Yesterday's interest rate cut by the Thai central bank will have little impact on productivity, according to analysts, who
      420 words
    • Article
      Lock icon Microsoft stays the course on research
      492 16 Reuters Despite cost cuts, it says research spending allows it to survive, prosper in long term [REDMOND, Washington] Microsoft Corp will maintain its massive research budget even as it sheds jobs and cuts costs to cope with a worldwide slump in demand for its
      – Reuters  -  492 words
    • Article, Illustration
      Lock icon John Thain grilled for hours
      658 16 Bloomberg [NEW YORK] Former Merrill Lynch Co chief executive officer John Thain has testified in New York Attor-ney-General Andrew Cuomo 's office where he was to disclose which employees got US$3.6 billion in bonuses just before the firm merged with Bank of America Corp. Mr
      Bloomberg; AP  -  658 words
    • Article, Illustration
      Lock icon CHEER UP, FOLKS
      50 16 AP [LONDON] A smiley-faced cloud floating over the River Thames and past St Paul's Cathedral yesterday. This was part of the art installation titled 'Happy Cloud'by British artist Stuart Semple, who was releasing 2,057 smiling clouds into the sky over London from outside the Tate Modern gallery.
      AP  -  50 words
    • Article
      Lock icon German economy shrinks 2.1% in Q4
      358 16 AFP Collapse in exports takes heavy toll on output [FRANKFURT] The German economy, Europe's biggest, posted a sharp contraction late last year as crucial exports collapsed, and several economists have now revised their forecasts for 2009 even lower. German output declined by 2.1 per
      AFP  -  358 words
    • Article
      Lock icon Obama picks Locke as commerce chief
      533 16 -NYT Ex-Washington governor has long China resume [SEATTLE] Top slots in the Obama administration were filling up fast when Gary Locke was asked by a friend several weeks ago whether he expected to get a job offer from the new president. "He mentioned that
      -NYT  -  533 words
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  • Page 16 Advertisements
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      112 16 SAVE TAX Our qualified professionals tQW/AJ _J> can assist you with offshore i H J murzcr a^eiT structures, shelf companies I and incorporations in ALL I jurisdictions including: \r ni^J British Virgin Islands &2^ E^L Cayman Islands Bahamas *^l^l Seychelles I Hongkong Samoa Full nominee, management, secretarial, banking and corporate
      112 words
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  • AVIATION
    • Article, Illustration
      Lock icon M'sian airports passenger volume up 5%
      488 17  -  PAULINE NG MAHB expects pace of growth to halve this year as financial crisis deepens By in Kuala Lumpur TOTAL passenger volume at Malaysian airports grew 5.1 per cent to 47.45 million despite a turbulent year for the aviation industry last year. However airport
      488 words
    • Article, Illustration
      Lock icon Airbus said to expect no '09 China order
      418 17 Bloomberg [SHANGHAI] Airbus SAS, which had been in talks with China about an order for as many as 200 planes, doesn't expect to sign any deals in the country this year, according to two executives at the planemaker. The company may still
      Bloomberg; AP  -  418 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2488 17 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), AI: Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA) Airways Public Ltd Co (BAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), rways Corpn (E\
      2,488 words
    • Article
      Lock icon ANA may seek public loans
      258 17 -AFP [TOKYO] Japan's second-largest carrier, All Nippon Airways, facing its first annual loss in six years, said yesterday that it may apply for public loans to bolster its finances. ANA is considering requesting loans from various lenders including the state-backed Development Bank of Japan, company
      -AFP  -  258 words
    • Article
      Lock icon Thailand yet to compensate airlines over airport closure
      566 17  -  I GREG LOWE AIRLINES are yet to be compensated for losses they suffered when anti-govern-ment protesters blockaded Thai airports last year, despite government assurances of financial support. Some 350,000 tourists were stranded in Bangkok and 3.4 million prevented from entering Thailand when
      566 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Lock icon Page 17 Miscellaneous Column 1
      250 17 CRYPTIC CROSSWORD ACROSS 9 Tolerated a bit of banter ■■7 ff^i h h rl It H I I I I I I 27 Cat I will amaze going round tree (5-6) 28 Notice of vacancy when I 5 Unambiguous copyright 24 Sexes mingled in Chelmsleave smallest room (2,3) Edward completed
      250 words
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  • SHIPPING
    • Article
      Lock icon Ship owners should go green early
      533 18  -  VINCENT WEE Lloyd's Register says regulatory and other pressures will force them to eventually [SINGAPORE] Shipping companies that think the need to adopt green technologies has abated, now that bunker prices have fallen, are mistaken because regulatory and other demands will force it on
      533 words
    • Article, Illustration
      Lock icon More than a third of shipping lines seen failing
      385 18 Bloomberg Recession, credit crunch hammering trade, vessel prices [HONGKONG] Seafin Pte Ltd, a Singapore-based ship-financer, expects more than a third of shipping companies to collapse this year as the recession hammers global trade and vessel prices. "Everyday, there is an auction
      – Bloomberg; REUTERS  -  385 words
    • Article
      Lock icon NZ port reports 10% rise in H1 profit
      179 18 Bloomberg [WELLINGTON] Port of Tauranga Ltd, New Zealand's biggest export port, said that first-half profit rose 10 per cent amid an increase in volumes of logs, timber and meat. Net income was NZ522.5 million (5517.6 million) in the six months ended Dec
      Bloomberg  -  179 words
    • Article
      Lock icon LA ports switch to using electric trucks
      364 18 -LATWP [LOS ANGELES] The standing joke about the port complex of Los Angeles and Long Beach used to be that it was like the diesel version of elephant graveyards: the place where old trucks went to die. But lately, the ports have become
      -LATWP  -  364 words
    • Article
      Lock icon Dry bulk rebound 'unsustainable'
      160 18 Bloomberg [LONDON] The rebound in dry bulk shipping markets that has driven a four-fold increase in the cost of chartering capesize vessels may not be sustained, according to a consultant at London-based shipbroker Galbraith's Ltd. The Baltic Dry Index, a measure of shipping costs for commodities,
      – Bloomberg  -  160 words
    • Article
      Lock icon Shanghai port reopens
      70 18 -Reuters [SHANGHAI] Shanghai's port, China's biggest, resumed operations late on Tuesday after a 12-hour closure due to heavy fog, an executive with Shanghai International Port (Group) Co's operating department said yesterday. The port, which was closed at 6am on Tuesday, reopened at 6pm that day, he said.
      -Reuters  -  70 words
    • Article
      Lock icon Thome Group offers lay-up services
      254 18  -  VINCENT WEE [SINGAPORE] In a sign of depressing times, ship manager Thome Group is offering lay-up services to meet increasing demand from owners who want to take their vessels out of service. Thome unit S&P Marine Consultants has secured safe locations in South-east Asia that
      254 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        107 18 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQ Corp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.24 0.17 0.76 0.30 0.54 0.35
        107 words
      • Article
        Lock icon KLSE
        36 18 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 0.56 8.55 8.50 2.77 2.61 0.02 unch 0.02 unch -0.10 -0.01 0.06 unch unch 41 85 206 543 237 200 0
        36 words
      • Article
        Lock icon BANGKOK
        12 18 ■oo 'recious Ship Regional Cont 11.20 6.05 -0.40 unch 238! 46)
        12 words
      • Article
        Lock icon HONGKONG
        11 18 '000 Doil iingamas Cont .17.96 ...0.78 0.86 unch 791 321;
        11 words
      • Article
        Lock icon PHILIPPINES
        20 18 '000 'eso Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.70 10.75 unch unch unch -0.25 unch unch 57]
        20 words
      • Article
        Lock icon TAIPEI
        23 18 Evergreen Marine ...13.15 :irst Steamship 33.05 /Van Hai Lines 13.10 t'ang Ming Marine 8.98 0.05 0.15 0.10 0.03 3 4 1 5
        23 words
      • Article
        Lock icon TOKYO
        42 18 '000 'en :awasaki Hvy Ind ..165.00 :awasaki Kisen 307.00 Mitsubishi Hvy 282.00 /litsui Eng&Sbldg...144.00 /I itsui Osk Lines 494.00 Jippon Express 292.00 JipponYusen 414.00 nurrei' Thnmznn Ppntcrc 14.00 ***** unch 6607 5.00 ***** 11.00 5684 4.00 ***** 6.00 3734 6.00 7703
        42 words
  • Page 18 Advertisements
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      109 18 Drop Anchor at Value Hotel! Quality rooms at remarkable prices await \\V when you dock at Value Hotel! ■^***Tl For reservations or enquiries (65)6352 ***** J^K M A Give your crew the best rest: W> »FREE in-room beverages FREE local calls Perm8 ht »FREE internet access Terms conditions apply. 1
      109 words
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  • BizIT
    • Article, Illustration
      Lock icon Call centre growth set to stay flat
      1037 19 However, the study by Frost and Sullivan shows that Singapore's contact centre applications market could see some growth, reports AMIT ROY CHOUDHURY GROWTH in Singapore's contact centre industry, which was estimated to be worth US$4O million in 2008, is expected to remain flat
      1,037 words
    • Article, Illustration
      Lock icon Homecoming for former IBM S'pore head
      370 19  -  WINSTON CHAI IBM veteran and ex-Singapore head Janet Ang has rejoined Big Blue from Lenovo following sweeping changes to the upper ranks of the Chinese PC giant in the last two months. An IBM spokesman confirmed her return and said she has taken on
      370 words
    • Article
      Lock icon iTunes Pass offers something more
      277 19 -LAT-WP [LOS ANGELES] Apple has introduced yet more pricing flexibility at the iTunes Store, unveiling the "iTunes Pass" on Tuesday. It's a cross between an enhanced album bundle and a pig in a poke: Pass purchasers are entitled to a bunch of items some known
      -LAT-WP  -  277 words
    • Article, Illustration
      Lock icon Prospects for media industry still good, says MDA chief
      353 19  -  JESSICA YEO By PROSPECTS for the media industry still look good. That's a rare claim in these challenging times, but Media Development Authority (MDA) chief executive Christopher Chia yesterday backed it up in a press conference on the upcoming Media Fiesta.
      353 words
    • Article, Illustration
      Lock icon Bell Labs may work with S'pore researchers
      481 19  -  ONG BOON KIAT BELL Labs, one of the world's most prestigious research institutions and birthplace of the Unix operating system and the C programming language, could be knocking at the doors of Singapore researchers to seek out collaboration opportunities, said its chief scientist
      481 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Hopeful rhetoric from Obama
      534 20 IN his maiden address to the US Congress on Tuesday, President Barack Obama spoke almost as if he were still on the campaign trial, where "change" was his theme song. He promised an anxious nation he would "restart the engine of our prosperity". While acknowledging America's
      534 words
    • Article, Illustration
      Lock icon China lures skilled workers back home
      1106 20  -  DAVID PIERSON DON LEE LAT-WP Beijing is counting on 'sea turtles' to help retool the country's economy and boost growth XUN Jia, a doctoral candidate in theoretical physics at the University of California, Los Angeles, expected to find a job on Wall Street crunching
      – LAT-WP; _J REUTERS  -  1,106 words
    • Article, Illustration
      Lock icon Crisis sparks shift away from pure export model
      817 20  -  ANTHONY ROWLEY THE BOTTOM LINE WHEN a senior executive of Toyota commented recently that his company is going from the "vertical" to the "horizontal" in terms of its production in Asia and elsewhere, he was not implying that the motor vehicle giant
      817 words
    • Article, Illustration
      Lock icon Top 10 risks for global business in '09
      1390 21  -  ROBERT CULLEN Companies should view the risks they face strategically and think about action plans should any of the risks materialise 2008 has been a traumatic year for the global economy where the financial services sector has been radically transformed through multiple
      AP  -  1,390 words
    • Article, Illustration
      Lock icon Deflation, inflation and fighting in the dark
      700 21  -  EDWARD HADAS IMAGINE a big control panel for a complicated machine with a big problem. The dials that indicate how well the apparatus is working are showing "Red Alert". A group of skilled technicians is furiously twisting knobs and pushing levers well into
      700 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8735 22 Transaction date: Feb 25 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
      8,735 words
    • Article
      Lock icon SGX CATALIST
      1811 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
      1,811 words
    • Article
      Lock icon SGX XTRANET
      105 23 Hii Wk Tel Low Code Last Sale Vol COOP) Hii )ay L Low Bu] (uote Div C'vr Net P/E $m!l Comj 1830 1830 DBXT FTChina25 1OUS$ 931 871 DBXT MSTaiwan 1OUS$ DBXT Nifty 1OUS$ 8570 8550 DBXT S&P Short 1OUS$ ***** ***** 6065 Diamonds 6200 6200 6095 IS
      105 words
    • Article
      Lock icon CLOB INTERNATIONAL
      73 23 52-Wk Tel High Low Code Last Sale Vol COOP] Day Last Quote ih Low Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi JiL 84.5 28 6000 AVJennings 11 4 6134 Over&Gen 24.5 6 6017 StarCruises 248 103 6019 TanChonglnt A33 A8 US7 HK112 unch -0.5 2
      73 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9558 23 UNIT TRUSTS FUNDS ■ITITVXmfTT^I ■UUIMIiUfiU^H AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.376/ AIGIF Spore Bond Fund/" 1.198/ APS Asset Mat Pte Ltd APS Alpha Fund** 0 61/ APS Alpha Fund (USD)!** 0.4/ nnr APS Komaba Asset Mgt Pte Ltd I APS Komaba G oba
      9,558 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      365 24 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Feb24 World Index Preliminary 572.1 0.1 -15.6 -0.4 -13.0 -0.3 -17.9 EAFE Preliminai 553.8 -0.9 -14.7 -1.8 -14.9 -1.7 -19.7 Euro[ Prelim inan 772.9 -0.9 -15.2 -1.4 -15.3 -1.3 -20.1 Pacific 465.3
      365 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      130 24 As at 9am Feb2S Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9860 1.0440 .an dollar 1.2180 1.2350 Euro 1.9460 1.9710 NZ dollar 0.7750 0.7940 iterlini ind 2.1950 2.223I US dollar 1.5120 1.5310 Local dollars to 100 units of foreign currency:
      130 words
    • Article
      Lock icon INTERBANK RATES
      171 24 Fab 25 *L Offer Bid Overnight 1/16 1-month 7/16 2-months 9/16 3-months 11/16 Overnight mode: 3/16 US$ Offer PAR 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months I. 12 months $Au 0.40 0.58 1.10 1.50 2.00 2.30 2.50 Offer 0.30 0.48 0
      171 words
    • Article
      Lock icon STOCK INDEX FUTURES
      24 24 Feb2s ten Hii Sett STI IIMSCI Mar 198.8 199.0 196.0 "aiwan Mar 170.2 172.8 170.8 Source: MF Global (S) He. Ltd
      24 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      21 24 Fab 25 Bid Offer 1-month 1.5257 1.5273 2-months 1.5253 1.5270 3-months 1.5247 1.5265 6-months 1.5236 1.5255 Source: OCBC
      21 words
    • Article
      Lock icon PALM OIL
      64 24 Fab 25 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Hi Vol Open Done Position Low Mar 09 1927 1936 1952 1918 527 3623 AprO9 1899 1911 1926 1898 2133 ***** May 09 1890 1894 1912 1881 7076 ***** JunO9 1880 1880 1902 1874
      64 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      322 24 Fab 25 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES MarO9 JunO9 SepO9 DecO9 98.7450 98.7350 98.6700 98.5100 8297 4986 5442 1974 EUROYEN TIBOR FUTURES MarO9 99.315 99.315 JunO9 99.395 99.395 SepO9 99.465 99.465 DecO9 99.475 99.480 Mar10 Jun10 Sep10 Dec10 99.315 99.395 99.465 99.470 99.315 99.400
      322 words
    • Article
      Lock icon SICOM FUTURES
      197 24 Feb2s RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Mar 09 141.0 Apr 09 141.8 May 09 142.5 JunO9 143.0 Jul 09 142.4 Aug 09 144.4 139.5 141.8 142.4 142.4 142.4 144.4 140.5 141.5 142.0 142.0 142.0 141.0 95
      197 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      90 24 Feb2S TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi< Day's |h Low 3-Month BQ*****X 28.05.2009 1-Year BY*****V 02.11.09 0.33 0.42 0.23 0.22 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N*****0E 3.125 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A 4.000
      90 words
    • Article
      Lock icon CHICAGO BOT
      102 24 Feb24 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Mar 09 881.00 872.75 881.50 865.25 May 09 883.50 876.00 884.00 868.00 Jul 09 888.50 882.25 888.75 874.50 Aug 09 880.50 875.00 880.00 868.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 09 30.51 30.31 30.57 29.85 May
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 24 CRUDE OIL PRODUCTS Feb24 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 41.08 -1.05 WTI (Near Mth) 39.97 2.85 Dubai (1-Mth F) 40.72 -1.20 Tapis blend 46.10 -0.55 Minas 41.85 -1.25 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 41.27 48.55 -1.40 -2.05 US$/barrel Opec Oil Basket
      76 words
    • Article
      Lock icon INTERBANK CROSS RATES
      460 24 Feb2S AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: lustralia 0.813 4.469 0.507 5.068 32.566 78.024 0.635 9.888 2.397 1.265 52.213 31.412 0.998 6.482 0.757 22.705 23.386 0.449 0.654 Canada 1.230 5.497 0.624 6.234 40.057 95.972
      460 words
    • Article
      Lock icon SIBOR
      77 24 (US$) (S$) 0.***** 0.***** 1 mth 2 mths 0.***** 0.***** 3 mths 1.***** 0.***** 6 mths 1.***** 0.***** 9 mths 1.***** 0.***** 12 mths 2.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 1.***** Feb2S 6mths 1.***** 9 mths 1.***** 12 mths 1.***** SWAP
      77 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 24 Feb2s Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9977 0.9992 0.6530 0.6542 Canadian dollar 1.2264 1.2281 0.8038 0.8041 Euro 1.9652 1.9676 1.2880 1.2883 NZ dollar 0.7879 0.7892 0.5164 0.5167 Sterling md 2.2222 2.2250 1.4564 1.456! US
      156 words
    • Article
      Lock icon PRECIOUS METALS
      130 24 Feb2s /oz) Hong Kong .ondon 981.10 949.80 982.10 950.80 Feb 24 Feb 23 973.25 987.90 975.25 989.90 Source: Thomson Reuters CAST BAR (S$) Feb 25 Buying Sellini Kilobar "50,550.01" ***** PAMP GOLD BARS (SS) Selling Buying gm jam Ogm !0gm iOgm OOgm oz ozUBS Kinebar™ 113.42 321 574.59
      130 words
    • Article
      Lock icon LONDON METALS
      61 24 ,luminium, 99.7% urity (US$/tonne) Close Previous :ash 1292.00 months 1329.00 1251.75 1288.00 Copper, Grade A (US$/tonne) :ash months 3250.75 3285.00 3196.25 3231.00 .ead (US$/tonne) :ash months 982.75 995.00 1011.50 1023.00 lickel (US$/tonne) :ash months 9719.00 9800.00 9425.00 9505.00 'in (US$/tonne) :ash *****.00 *****.00 months *****.00 *****.00 inc, Special
      61 words
    • Article
      Lock icon LIFFE
      70 24 Feb24 :OCOA (Btonne) Close Prev Hii ih/Low Mar 09 1741 1716 1754/1681 May 09 1715 1692 1729/1656 Jul 09 1707 1687 1722/1651 SepO9 1699 1679 1710/1642 COFFEE (US$/tonne) Close Pev High/Low Mar 09 1572 1573 1579/1558 May 09 1580 1579 1588/1562 SUGAR (US tonne) White Close Prev High/Low May
      70 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2318 24 BONDS, WARRANTS EXTENDED SETTLEMENT Pel 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 1358 12.00 42 18 )092 Asia Environment W*****4 0.5 1 38 250
      2,318 words
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  • PROPERTY
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      Lock icon China property recovery not expected till H2
      232 27 Bloomberg Prices need to fall further before buyers are attracted, says Goldman Sachs [SHANGHAI] China's real estate developers do not expect the property market to recover until at least the second half of this year, as prices need to fall further before attracting
      – Bloomberg  -  232 words
    • Article
      Lock icon Ascott to open first Citadines project in Tokyo this weekend
      241 27 [SINGAPORE] Capita Land's wholly owned service residence unit, Ascott, will open Japan's first Citadines service apartment project in Shinjuku, Tokyo this Sunday. This latest launch comes less than two months after Ascott's recent opening of its Citadines Singapore Mount Sophia,
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      Lock icon More mass market projects to launch
      449 27  -  UMA SHANKARI [SINGAPORE] Developers are planning to launch more mass market projects this weekend to take advantage of a recent surge in buying interest. Hiap Hoe Group, a niche developer, will officially launch its 118-unit The Beverly, located at Toh Tuck Road, this Saturday.
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      Lock icon Asian Reits market capitalisation shrinks
      763 28  -  KALPANA RASHIWALA S-Reits take a beating with market cap falling 53% from June3o-Dec 31 [SINGAPORE] The market capitalisation of Asian real estate investment trusts (Reits) shrank by almost a third in the second half of last year compared with the first half, as unit prices
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      459 28 GOOD CLASS BUNGALOW I I EWARTPARK &'*^JjjWW^^ I I RARE OPPORTUNITY TO ACQUIRE I APARTMENT IN V "1 I NASSIM MANSION I Tender Closing Date: 12 th March 2009 (Thursday) at 3pm For further information and tender documents, please call INVESTMENTS (GCB Unit): 6494 3898 (David Batchelor Carin Puah Harvey
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