The Business Times, 22 November 2008

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Microfilm: NL29539
Total Pages: 46
1 46 The Business Times
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  • Title Section
    Lock icon Masthead
    14 1 THE BUSINESS TIMES weekend NOV 22-23, 2008 Ssl.oo AN SPH PUBLICATION MICA(P) 198/08/2008 www.businesstimes.com.sg
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  • Article
    Lock icon Government pushes to clear credit clog
    749 1  -  Chen Huifen Easier loans and funding for local companies, with government backing By xuifen@sph.com.sg Singapore AS EXCESSIVE caution on the part of bankers threatens to choke off credit lifelines to local enterprises, the government has stepped in to get loans and liquidity flowing again.
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  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      88 1 Camden Medical Centre is home to a growing community of more than 150 leading medical specialists f and healthcare professionals. Located on Orchard Boulevard, and minutes from Gleneagles and K. ~^M Mt. Elizabeth hospitals, the centre is supported with state-of-the-art medical facilities such as a new SGH radiology centre, day
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    • Advertisement
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      3 1 8 *****1 *****4
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      150 1 liP^fl^ sL^ MOTORING THE RAFFLES CONVERSATION WEALTH \|j Starcruiser-the THEORETICAL PHYSICIST Gold: Down but AmmmmMmmr^t \mmAr AASmM J «7 NO GST CUT Govt goes for targeted help It will be very generous in helping businesses and households cope with the worst economic downturn since the Great Depression. 3 SAVING JOBS
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    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 2
      48 1 Celebrating Singapore's Enterprise 50 Awards Marine-based Franklin Offshore, helmed byAngieTang,takesthetop honour. Husband Edmund Leongand daughter Lena share in her moment of pride, report, page 6 Jan 22 is Budget Day The 2009 Budget Speech will be delivered in Parliament on Jan 22,2009. Parliament will debatethe Budget from Feb3.
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  • TOP STORIES
    • CONTENTS
      • Article
        Lock icon NEWS
        42 2 Top stories 2-7 Raffles Conversation 8,9 Week In Review TO The CEO Column IT Companies 12-14 Singapore 15-17 Letter From Abroad 18 World T9-22 Stocks stats 23-27 Perspective 28,29 Wealth 30-36 Show Me The Money 32 Househunt 35 Real Estate 36
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      • Article, Illustration
        Lock icon LIVING
        26 2 Travel L 2-4 Dining L 5-8 Shopping LO.ll Weekend With L 9 Home Garden U2,T3 Health LI 4,15 Golf Ll6/I7 Sport LT7 Motoring LI 8-20
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    • MARKETS
      • Article
        Lock icon STOCKS
        45 2 KL COMP 866.88 +1.56 NIKKEI 225 7,910.79 +207.75 HANG SENG 12,659.20 +360.64 SET 397.51 +3.66 JAKARTA 1,146.28 -8.69 MANILA 1,765.90 -76.43 KOSPI 1,003.73 +55.04 SHENZHEN B 248.09 -0.57 MUMBAI IND 8,915.21 +464.20 11am EDT Chanpe nam EDT Change DOW 7,535.16 -17.13 NASDAQ 1,304.59 -11.53
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      • Article
        Lock icon PRIME RATES
        29 2 Bloomberg SINGAPORE 5,38 MALAYSIA 6,72 HONG KONG 5,00 INDONESIA 16,478 TAIWAN 6,316 JAPAN 1,675 KOREA 9,33 BRITAIN 3^oo US 4,00 CANADA 4,00 SWITZERLAND 2,27 INDIA 13,00 Source:
        Bloomberg  -  29 words
      • Article
        Lock icon FOREX
        43 2 us$ 2$ US$' 1.533 'US: 1.483 2.272 EURO(US$/S$/E) 1.252 Foreign currency per US$, S$ 1.919 'EN 95.10 62.00 RM 3.622 2.363 HK! 7.750 5.057 BAHT 35.23 22.98 RUPIAH 12,150 7,927 RENMINBI 6.835 4.459 INDIAN RUPEE 50.17 32.73 1.600 1.044 NZ$ 1.874 1.223
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    • Article
      Lock icon Oiling the wheels of business
      218 2 If you are a ...you can tap on Terms and changes Start-up enterprise DevelopmentScheme (SEEDS)/Business Angels Scheme (BAS) Start-upwithlessthan5yearsfromincorporation (from 3years) Paid-upcapitalbetween$50,000and$1m(from<$500,000) Governmentinvestmentquantumcap raisedto$1m (SEEDS) from $300,000; $1.5m (BAS) from $1 m 2:1 dollar co-matching(from 1:1 dollar co-matching) Small business with < 10 employees Micro
      218 words
    • Article, Illustration
      Lock icon Citi ponders painful choices as shares plunge
      695 3  -  Andrew Marks Beleaguered banking giant said to be weighing merger, sale of assets, fund raising By btworld@sph.com.sg New York FIRST, it was Bear Steams' turn to ignite a crisis in the financial markets, followed by the mortgage giants Fannie Mac and Freddie Mac,
      AP  -  695 words
    • Article
      Lock icon Targeted help but no GST cut in Budget: Tharman
      608 3  -  Chuang Peck Ming Expansionary budget with big spending on several sectors By peckming@sph.com.sg Singapore THE government will not cut the goods and services tax (GST), as some businesses have urged. But its coming Budget which has been brought forward from February
      608 words
    • Article, Illustration
      Lock icon Deeper downturn in 2009: MTI
      880 4  -  Anna Teo GDP down 0.6% in Q3; 2008 growth cut to around 2.5%; 2009 GDP outlook: -1 to 2% By anna@sph.com.sg Singapore THE Singapore economy may well contract by one per cent next year with key sectors suffering weak or no growth as the global
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    • Article
      Lock icon Temasek plans pay cut, sees prolonged slump
      384 4 Bloomberg Still, it also aims to expand workforce 15% in next 2 years Singapore TEMASEK Holdings Pte Ltd, Singapore's investment company, plans to cut salaries and says a worldwide recession may extend beyond 2009. The firm, which oversees US$l3O billion, said that senior
      Bloomberg  -  384 words
    • Article
      Lock icon Government rolls out plans to save jobs
      611 5  -  Chuang Peck Ming $600 m training package to induce employers to keep, train workers By peckming@sph.com.sg Singapore CUT jobs to save costs, or cut costs to save jobs? The government yesterday unveiled a $600 million training package which it hopes will persuade employers
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    • Article
      Lock icon Construction sector's growth flagging
      238 5  -  Teh Shi Ning By tshining@sph.com.sg Singapore THE recent construction boom, after a prolonged downturn from the late 1990s to 2005, is starting to fade. After a strong 20.3 per cent year-on-year growth last year, the construction sector sustained that momentum to report an 18 per cent
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    • Article, Illustration
      Lock icon Export figures likely to contract further
      370 5  -  Teh Shi Ning By tshining@sph.com.sg Singapore THE full-year forecast for non-oil domestic export (NODX) growth has been cut by three percentage points, IE Singapore said yesterday. NODX this year is now expected to contract 5 to 7 per cent, a bigger decline than the
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    • Article, Illustration
      Lock icon Another feather in Franklin Offshore's cap
      670 6  -  Chew Xiang The company is one of this year's winners of the Enterprise 50 awards By xchew@sph.com.sg Singapore THIS year's Enterprise 50 awards busted at least one stereotype the winner, Franklin Offshore, is helmed by Angie Tang, a rare woman boss in the male-domi-nated
      ARTHUR LEE  -  670 words
    • Article
      Lock icon SMEs warned against knee-jerk axing
      420 6  -  Chew Xiang By xchew@sph.com.sg Singapore PANELLISTS at a forum yesterday to mark the announcement of the Enterprise 50 (E5O) award winners said that small and medium enterprises (SMEs) should not be too hasty to retrench staff to cut costs in an economic slowdown. The four
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    • Article, Illustration
      Lock icon Atlantis opens with a bang in Dubai
      511 7 AP, Bloomberg $20m bash features Hollywood glamour, fireworks display visible from space Dubai WHILE the rest of the world was tightening its belt, Dubai threw a US$2O million party on Thursday, complete with Hollywood celebrities such as Robert DeNiro and a fireworks show
      AP, Bloomberg; AFP  -  511 words
    • Article
      Lock icon Congress to carmakers: No plan, no money
      333 7 LAT-WP Approval for USs2sb bailout to depend on case they make Washington CONGRESSIONAL leaders agreed on Thursday to give Detroit carmakers more time to make their case for a US$25 billion emergency bailout, but they demanded that General Motors (GM), Ford and Chrysler
      LAT-WP  -  333 words
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  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      148 5 ÜBAM SICAV IS. Boulevard Royal, L-2449 LUXEMBOURG R.C. Luxembourg N a B 35.412 Notice to the shareholders of ÜBAM Emerging Market Bond <USD» ÜBAM Emerging Market Bond (EUR) Since a large parr of the assets of Che sub-funds ÜBAM Emerging Market Bond (USD) and ÜBAM Emerging Market Bond (EUR) turn
      148 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Bubbles in the multiverse
      2116 8  -  Anna Teo Theoretical physicist Michio Kaku discusses the financial crisis and its links to science. By WITH his distinguished shock of white hair and easy manners, Michio Kaku is quite the quirky scientist he looks and more. By day, he is a theoretical physicist hot on
      ARTHUR LEE  -  2,116 words
    • Article
      Lock icon Preparing for a post-petroleum era
      523 8 LIKE it or not, the world will enter the post-petroleum era, even without global warming, says Michio Kaku. "The Saudi Arabians are worried that we are hitting the top of peak oil, that's the Hubbert's Peak." Marion King Hubbert was a Shell geophysicist who predicted
      523 words
    • Article
      Lock icon Raffles
      74 8 The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. A collection of luxury hotels, Raffles Hotels and Resorts distinguishes itself through the highest standards of hospitality, service and cuisine. Its hotels in Singapore, Beijing, Cambodia, Beverly Hills, Dubai and the Caribbean are rated
      74 words
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  • WEEK IN REVIEW/WEEK AHEAD
    • Article
      Lock icon January Budget to arrest economic slide
      43 9 ECONOMIC growth next year could slide into negative territory, so the government is keen to put its cushions and boosters in place as quickly as possible. This includes advancing the 2009 Budget by one month to January.
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    • Article
      Lock icon Wall St strains to break 'vicious cycle'
      62 9 AFTER another week of steep losses, high volatility and two separate dashed hopes for a turnaround on the same day, it is fair to say that the mood on Wall Street heading into the coming week is defeatist. The problem appears to be
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    • Article
      Lock icon Analysts swing axe at profit forecasts
      40 9 ANALYSTS have accelerated their downgrades of corporate earnings following disappointing third-quar-ter results so far. In the past 30 days, they have slashed by 11.4 per cent their forecasts of Singapore companies' earnings per share.
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    • Article
      Lock icon Japan sinks into recession, joining the EU
      37 9 JAPAN sank into recession in the third quarter of this year, officials confirmed on Monday. And they predicted further contraction in the coming months for the world's second largest economy.
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    • Article
      Lock icon October S'pore exports dive 15.3%
      44 9 EVEN as economists look to find out on Friday just how much the economy contracted in the third quarter, the first signs of Q4 weakness are in. Exports last month recorded the sharpest plunge in more than six years.
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    • Article
      Lock icon Budget deficit to overshoot estimates
      49 9 THE government is likely to end the current fiscal year with a budget deficit of more than three times the $800 million first projected, as it has stepped up spending to shield the economy from the global downturn that has pushed Singapore into recession.
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    • Article
      Lock icon Pirates hijack vessel with US$100m oil cargo
      50 9 PIRATES captured a Saudi-owned supertanker loaded with more than US$lOO million worth of crude oil off the coast of Kenya, seizing the largest ship ever hijacked. Late on Tuesday, it was believed to have anchored off the Somalian coast, with the crew safe.
      50 words
    • Article
      Lock icon NOL to ship out 1,000 workers worldwide
      54 9 NEPTUNE Orient Lines announced a major retrenchment exercise on Wednesday that involves 1,000 jobs or about 9 per cent of its worldwide workforce. NOL's US operations will bear the brunt of this axing, while its Singapore outfit, which employs around 800 staff, could
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    • Article
      Lock icon Small car COE premium falls to $2
      47 9 THE COE premium for a small car went into free-fall to just a dollar above the minimum bid in Wednesday's exercise. The Category A certificate of entitlement for cars under 1,600 cc nosedived to $2 from $10,453 a fortnight ago.
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    • Article
      Lock icon Alternatives for bosses before they make that cut
      46 9 THE Ministry of Manpower issued a revised set of tripartite guidelines on Wednesday, calling on employers to take various measures before considering retrenchment. Suggestions include redeploying workers, implementing a shorter work week, temporary layoffs and flexible work schedules.
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    • Article
      Lock icon Asian currencies crumble under fire
      73 9 ASIAN currencies fell against the US dollar and Japanese yen on Thursday, hit by another heavy Wall Street sell-off that spilled over in bloody fashion into Asian bourses. The carnage left the Indian rupee at a record low of 50.57 per US dollar, and the
      73 words
    • Article, Illustration
      Lock icon Wednesday rout sparks fear of Black Monday
      83 9 THE plunge in US stocks on Wednesday took stocks sharply below the Oct 10 market lows that strategists had been calling the bottom, and sunk the major market indexes to fresh lows not seen in nearly six years. Market dynamics may be in
      AFP  -  83 words
  • Page 9 Miscellaneous
    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 1
      169 9 CRYPTIC CROSSWORD ACROSS I—|1 1 1 15 Bout on shore without alcohol (2,1,5) 23 Auction, 24 Poets cor--21 Specify a shop s board, we hear (6) 4 Guest left on hop? I ner--23 Losing head, Scot in car DOWN misconstrued unplanned Down: 1 Rat race, 2 Igloo, 3 transported drug
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    • Miscellaneous
      Lock icon Page 9 Miscellaneous Column 2
      95 9 NEXT WEEK Nov 24-28, '08 US DATA Nov 24 Oct existing home sales Nov 25 Chain deflator Q3 preliminary results GDP Q3 preliminary Nov consumer confidence Nov 26 Oct durable orders Initial job claims Oct personal income Oct personal spending Nov Chicago PMI Oct new home sales SINGAPORE DATA Nov
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  • FROM THE DESK OF
    • Article, Illustration
      Lock icon Earning the trust of Asia's rich
      775 10 The current challenging times will separate the wheat from the chaff in the private banking industry FROM THE DESK OF Didier yon Daeniken Chief executive Barclays Wealth Asia Pacific THE recent credit crisis has shaken economies and financial markets worldwide. Like almost everyone else,
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  • COMPANIES
    • Article
      Lock icon Tough times spark profit warnings
      368 11  -  Emilyn Yap At least nine companies have raised alarm over weaker showing in the past two weeks By emilyny@sph.com.sg Singapore COMPANIES continue to issue profit warnings as tough economic conditions, plunging equity markets, foreign currency swings and falling commodity prices erode earnings. No less than
      368 words
    • Business briefing
      • Article
        Lock icon China Hongcheng to pay dividend by Nov 26
        74 11 CHINA Hongcheng Holdings said yesterday that it will be paying its delayed dividend to shareholders by Nov 26. The company said on Thursday that due to miscommunication between the company and its bank in China, there was a slight delay in the
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      • Article
        Lock icon Eastern Asia's CFO to resign by year-end
        39 11 EASTERN Asia Technology said its chief financial officer, Sunny Ng, will be resigning by year end to pursue his personal interest. Mr Ng will be replaced by Donald Chan from Jan 1,2009.
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      • Article
        Lock icon Capitaland to sell Ming Zhu stake to Ascott fund
        66 11 CAPITALAND said that it has agreed to sell its entire 100 per cent stake in the share capital of Ming Zhu Investments (BVI) Limited to Ascott Serviced Residence (China) Fund. Capita Land has a 33 per cent indirect interest in Ascott
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    • Article
      Lock icon FCOT gets $70m F&N loan to repay debt
      301 11  -  Uma Shankari By shankari@sph.com.sg Singapore FRASERS Commercial Trust (FCOT) has taken a $70 million loan from parent company Fraser and Neave (F&N) to repay debt. The money has been used to repay $70 million of loan notes issued to Australia's Commonwealth Bank,
      301 words
    • Article
      Lock icon Shipping trusts neglected despite strong yields
      554 11  -  Vincent Wee By vincewee@sph.com.sg Singapore DISTRIBUTION yields of Singa-pore-listed shipping trusts have risen well above 30 per cent as their unit prices slide amid the global stock market turmoil, yet they remain a neglected segment with poor trading volumes. Shipping trusts, the first of
      554 words
    • Article
      Lock icon Telcos give shelter in financial maelstrom
      696 12  -  Winston Chai CORPORATE FOCUS The sector's defensive nature renders them more buoyant in a market downturn, By AN EBBING economic tide lowers all boats, but the defensive nature of telecommunications companies will make them more buoyant during the current downturn. Since the onset of
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    • Article
      Lock icon Financial One sees pressure on loan portfolio growth
      401 12  -  Jamie Lee By leejamie@sph Singapore FINANCIAL One Corp, which is expecting a squeeze on loan portfolio growth given the economic challenges facing its Taiwanese and Vietnamese operations, is shifting its focus to profit growth. This shift of strategy which the finance company
      401 words
    • Article
      Lock icon Thai Beverage still plans SET listing – but at 'appropriate' time
      378 13  - Thai Beverage still plans SET listing but at 'appropriate' time Uma Shankari Bourse official says Thaißev didn't complete filing process with IPO document submission By shankari@sph.com.sg Singapore THAI Beverage, the country's biggest brewer and whiskey maker, yesterday said that it won't proceed with a plan to list shares on the
      378 words
    • Article
      Lock icon Metax breaches credit facility covenant
      199 13 METAX Engineering Corporation, an engineering, procurement and construction services company, said it has breached a banking covenant on credit facilities. It said the terms of a credit facility extended to it by one of its banks in June contain a financial covenant that Metax must
      199 words
    • Article
      Lock icon Sun East gives update on capital raising
      199 13 BEAUTY, skincare and hygiene products company Sun East Group gave an update yesterday on a capital-raising exercise. Net proceeds from the proposed issue of 97.82 million new ordinary shares will be made available in three instalments. Sun East said earlier that Citi Cosmos
      199 words
    • Article, Illustration
      Lock icon Week shows the worst not over
      518 13  -  R Sivanithy STOCKS sivan@sph.com.sg Senior correspondent NOTWITHSTANDING yesterday's short covering bounce, the week just passed has served as a grim reminder to investors everywhere that the worst is not yet over for equities. Wall Street's collapse throughout the week on deflationary worries as oil
      518 words
    • Article
      Lock icon TOP 20 ACTIVES
      113 13 VOL CLOSE Joble Gl 49,662 74 3.0 4.2 Centillion 47,539 05 -0.5 -50.0 Golden 46, !13 17.5 0.5 2.9 StraitsAsia 41,873 67.5 2.5 3.8 Ezra 31,599 59.5 7.0 13.3 :osco Coi 30,658 73 4.5 6.( China Hons <ini 26,977 19.5 1.0 5.4 ChinaEnen 24,229 14 1.0 7.7
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    • Article
      Lock icon TOP GAINERS
      59 13 CLOSE UP ICBC Bk4.5%NCPS 100 8500 300.0 3/ iLD 10US$ 7510 199.2 1.1 lardine C&C 958 67.0 7.1 ir China H 10US$ 840 59.8 4.' A 1060 48.0 4." iBS Gri 960 44.0 4.! ir MS India 10US$ 666 36.8 3/ ir India Nifb 10 802 34.0 4..
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    • Article
      Lock icon TOP LOSERS
      58 13 CLOSEDOWN laii Farm 430 -56.7 -7.' iUE 1220 -30.0 -2.. iBS Bk6% NCPS 10 9370 -22.0 -a: \sia Pac Brew 1020 -20.0 -1.' ir Cmdi 10US$ 224 -16.9 -4." i rand Banks 65 -16.0 -19.1 ISH 960 -15.3 -1.1 iBS SGA eCW*****3 3 -15.0 -83.: 101 210 -10.0
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    • Article
      Lock icon STI STOCKS
      108 13 ]apitaLand 2.600 +0.160 :apitaMall 1.550 :if 'Dev 5.600 +0.280 :osco Cor| 0.730 +0.045 iBS Gn 9.600 +0.440 :&N 2.900 +0.090 lent Intl 0.370 -0.015 iolden Aj ;ri 0.175 +0.005 IK Land 2.160 -0.040 IMH 18.500 ISH 9.600 -0.100 lardine C&C 9.580 +0.670 >el Cor| 4.600 +0.110 >el Land
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  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      359 12 w J mats YONGMAO HOLDjNGS LIMITED (Incorporated in the Republic of Singapore on 3 August 2005) (Company Registration No: *****0645K) Notice of Extraordinary General Meeting NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Yongmao Holdings Limited will be held at 18 Sungei Kadut Avenue, Yew Tee Industrial Estate,
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  • SINGAPORE
    • Article, Illustration
      Lock icon Insurance cost could rise with over-regulation
      631 14  -  Lynette Khoo Erosion of trust due to the financial crisis has sparked regulation concerns among insurers By lynkhoo@sph.com.sg RECENT events triggered by the financial crisis have shaken confidence in parking funds with financial institutions, including insurance firms, raising concerns over the security of the
      FILE PHOTO  -  631 words
    • Article
      Lock icon Wholesale trade slows in Q3
      346 14  -  Arthur Sim By simska@sph.com.sg DOMESTIC wholesale trade grew 9 per cent in the third quarter, down from 11 per cent in Q2. The Wholesale Trade Index compiled by Statistics Singapore from a quarterly survey of 1,000 establishments shows that, excluding petroleum, domestic wholesale trade rose
      346 words
    • Article
      Lock icon Woodlands Checkpoint capacity to be expanded
      194 14 THE Immigration Checkpoints Authority (ICA) will spend up to $2.5 million to increase the capacity at Woodlands Checkpoint, as land traffic between Singapore and Malaysia is poised to continue growing. ICA said yesterday that it would expand the current motorcycle and lorry clearance capacity
      194 words
    • Article, Illustration
      Lock icon BASF cutting output at 2 plants here
      617 15  -  Ronnie Lim But Lanxess sticking to plan of breaking ground early next year for 400 m euro synthetic rubber facility By ronnie@sph.com.sg GERMANY'S BASF, the world's largest chemicals company, has started to cut output at its US$5OO million petrochemicals joint venture with Shell
      AFP  -  617 words
    • Article, Illustration
      Lock icon WINNERS OF ERNST & YOUNG EOY 2008 INDUCTED INTO SINGAPORE ACADEMY
      139 15 WINNERS OF ERNST YOUNG EOY 2008 INDUCTED INTO SINGAPORE ACADEMY THE three winners of this year's Ernst Young Entrepreneur Of The Year (EOY) awards Lian Beng Group executive chairman Ong Pang Aik, 01am International CEO Sunny Verghese and Zicom Holdings chairman Sim Giok Lak were yesterday inducted into the Ernst
      139 words
    • Article
      Lock icon R2M platform launched to commercialise tech
      248 15  -  Jonathan Gan and By Nisha Ramchandani jongan@sph.com.sg nishar@sph.com.sg THE Research to Market (R2M) platform, aimed at bringing together interested stakeholders to discuss the commercialisation of technology, was launched yesterday at the Technology Commercialisation Forum (TCF) 2008. R2M will initially focus on three main areas:
      248 words
    • Article, Illustration
      Lock icon Funds waiting to grab cheap Asian properties
      366 16  -  Emilyn Yap They are raising funds for direct property investments in the region as values slide By emilyny@sph.com.sg AS property values in Asia slide, hedge funds, private equity funds and pension funds are waiting in the wings to swoop in on good buys,
      FILE PHOTO  -  366 words
    • Article
      Lock icon Statoil closes products dept
      75 16 Reuters NORWAY'S StatoilHydro ASA said yesterday that it was scaling down third-party product trading, and this would lead to the closure of its products department in Singapore. "The scale-down will affect our third-party product trading in Singapore. The products department with its four employees will be
      Reuters  -  75 words
    • Briefing
      • Article
        Lock icon 1,000 Home Team jobs available
        68 16 THE Ministry of Home Affairs yesterday announced 1,000 job vacancies in the Immigration and Checkpoints Authority (ICA), the Singapore Police Force, the Singapore Civil Defence Force, the Singapore Prisons Service and the Central Narcotics Bureau. The bulk of these vacancies are for police officers, senior
        68 words
      • Article
        Lock icon Frasers opens luxury serviced residence in HK
        54 16 FRASERS Centrepoint's hospitality arm, Frasers Hospitality, yesterday opened its first property in Hong Kong, a gold-standard serviced residence with 87 one-bedroom suites. Frasers now owns eight properties in five cities in China, with another five due to open in other Chinese cities over
        54 words
      • Article
        Lock icon PUB's PURE magazine wins PR award
        51 16 NATIONAL water agency PUB's free lifestyle magazine PURE gained an honourable mention in the Corporate Publications category at the Asia Pacific PR Awards 2008, organised by Media magazine. One of three finalists, PURE was the only Singaporean entry not submitted by a public relations
        51 words
      • Article
        Lock icon CDL wins three Asian CSR awards
        48 16 CITY Developments Ltd (CDL) was the only Singapore company recog- nised for its corporate social responsibility (CSR) at this year's Asian CSR Awards 2008. The company has won the highest number of awards. Three of its initiatives were conferred the excellence awards.
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      • Article
        Lock icon BEX Asia to be held with BCA's new green building conference
        77 16 SOUTH-EAST Asia's building industry exhibition BEX Asia will now be held alongside the Building and Construction Authority's (BCA) inaugural International Green Building Conference (IGBC) next year. The IGBC and ArchiFest 2009 are already integrated events, and organisers hope that
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  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      259 16 IN THE MATTER OF COMPANIES ACT, CAP 50 BEECHTREE CONSULTANCY PTE. LTD. (REGISTRATION NO.: *****8604G) (IN VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap 50 the Final Meeting of the Company will be held at 101 Cecil Street #16-05 Tong Eng Building
      259 words
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  • LETTER FROM ABROAD
    • Article, Illustration
      Lock icon Life writ large in a humble xiaolongbao
      861 17  -  Lynette Chua LETTER FROM SHANGHAI Intern at KhattarWong Shanghai LIVING in Shanghai or the "Paris of the East", one of the things that I affectionately relate to is the quintessential Shanghainese snack, xiaolongbao (steamed soup dumplings). Originating from Nanxiang town in the northern
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  • WORLD
    • Article
      Lock icon Malaysian inflation fails to budge in October
      449 18  -  Pauline Ng CPI up 7.6/o, little changed from September despite government effort By btworld@sph.com.sg Kuala Lumpur DESPITE government efforts to bring down the price of food and other basics, Malaysia's inflation in October remained little changed dipping just 0.4 per cent from the
      449 words
    • Article
      Lock icon Jakarta pledges free flow of capital
      555 18 Bloomberg, Reuters Jakarta INDONESIA'S central bank pledged yesterday to respect the free movement of capital, seeking to plug seeping investor confidence as the embattled rupiah hit a new decade low and authorities swooped in to save a small bank. Marking a potential new worry
      Bloomberg, Reuters  -  555 words
    • Briefing
      • Article, Illustration
        Lock icon Aburizal Bakrie not running for fresh cabinet term
        97 18 AFP ta Indonesia's billionaire Welfare Minister Aburizal Bakrie (above) will leave the Cabinet next year, a spokesman said yesterday. The spokesman said that he was not resigning but will not be running for another term. The tycoon and political powerbroker will continue
        AFP; BLOOMBERG  -  97 words
      • Article
        Lock icon Petra pledges to repay Bruce Willis US$900,000
        102 18 AP ur Malaysian technology conglomerate Petra Group pledged yesterday to repay US$9OO,OOO to Hollywood star Bruce Willis, but denied any wrongdoing after he took legal action to demand a refund of his investment. Mr Willis invested US$2 million in its subsidiary, Green Rubber,
        AP  -  102 words
      • Article
        Lock icon HK banks' China branches can tap mainland liquidity
        106 18 Bloomberg China branches of Hong Kong banks can receive liquidity from the mainland's central bank if needed, Joseph Yam, chief executive of the city's monetary authority, told lawmakers yesterday. Hong Kong lenders can pledge collateral to seek cash from China's central bank
        Bloomberg  -  106 words
      • Article
        Lock icon Beijing suspends deposit rule to boost exports
        86 18 Reuters ig China has temporarily stopped collecting cash deposits from processing firms as part of its effort to boost exports, the Ministry of Commerce said yesterday. The suspension will reduce exporters' operational funding needs by about 18.5 billion yuan (Ss4.l billion). Five per
        Reuters  -  86 words
      • Article
        Lock icon China Cosco, partners to cut Asia-Europe capacity
        94 18 Bloomberg China Cosco Holdings Co, the country's largest container line, and three partners will cut capacity on Asia-Europe routes by 30 per cent from early December as a European recession damps demand for Asian-made goods. The four lines will reduce existing capacity by
        Bloomberg  -  94 words
      • Article
        Lock icon IEA urges Jakarta to abandon energy subsidies
        96 18 Reuters :a The International Energy Agency (lEA) yesterday urged the Indonesian government to remove costly energy subsidies, saying that Indonesia's energy price caps and subsidies kept prices for individual consumers below market levels for electricity and selected oil products. Indonesia heavily subsidises its
        Reuters  -  96 words
    • Article
      Lock icon China, India rising, but face bumpy ride
      528 19 AFP Asian giants' ascent will require overcoming high economic and social hurdles, says new US intelligence report Washington A NEW United States intelligence forecast identifies China and India as rising heavyweights in a coming multi-polar world but says that both face a potentially
      AFP  -  528 words
    • Article, Illustration
      Lock icon Quake-hit Sichuan to spend 3t yuan on rebuilding
      373 19 Bloomberg, AP Beijing CHINA'S south-west Sichuan province plans to spend more than three trillion yuan (*****.5 billion) triple the amount previously pledged to rebuild houses, highways and railways destroyed by an earthquake in May. The province will spend 790 billion yuan this
      Bloomberg, AP; AFP  -  373 words
    • Article
      Lock icon China group eyes stake in AIG unit
      433 19 Reuters Tokyo A CONSORTIUM led by China's sovereign wealth fund is in talks to buy a 49 per cent stake in AIG unit Alico in a deal that could be worth up to US$lO.6 billion, Japan's Nikkei business daily reported yesterday. The newspaper
      Reuters  -  433 words
    • Article, Illustration
      Lock icon Tokyo pledges firm action to halt stocks dive
      688 20  -  Anthony Rowley Govt fears impact of plunging share prices on banks' balance sheets will lead to lending cuts By btworld@sph.com.sg Tokyo JAPAN'S Finance Minister Shoichi Nakagawa yesterday pledged "firm action" by the government to halt stock market mayhem that saw Tokyo's benchmark
      BLOOMBERG  -  688 words
    • Article
      Lock icon No Fannie, Freddie foreclosures during holiday season
      360 20 LAT-WP Washington MORTGAGE finance giants Fannie Mac and Freddie Mac announced on Thursday that they are temporarily suspending foreclosures and evictions for the holiday season in an effort to keep people from losing their homes. The companies said that they are taking the
      LAT-WP  -  360 words
    • Briefing
      • Article
        Lock icon Fortis, ABN Amro merger is off
        94 20 Reuters Amsterdam The banking merger between the Dutch retail operations of Fortis and ABN Amro will no longer take place, the Dutch Finance Ministry has decided, a Dutch newspaper reported yesterday. The Dutch state decided to buy Fortis's Dutch businesses, which include Dutch bank
        Reuters  -  94 words
      • Article
        Lock icon Honda Motor to cut car production
        84 20 Reuters Tokyo Honda Motor said it would build fewer cars in Japan, Europe and North America to reflect an increasingly bleak outlook for sales. Japan's No 2 automaker said it would cut output at its Saitama factory near Tokyo by 40,000 vehicles. It will
        Reuters  -  84 words
      • Article
        Lock icon UK mulls laws to make banks lend to small firms
        92 20 Reuters London British finance minister Alistair Darling is considering tougher laws to force banks to lend to small businesses struggling with the effects of the global credit crunch, newspapers reported yesterday. The reports said he was looking at measures which
        Reuters  -  92 words
      • Article
        Lock icon Volcker sees prolonged economic weakness
        38 20 Bloomberg New York Former Federal Reserve chairman Paul Volcker, an economic adviser to President-elect Barack Obama, told Major League Baseball owners that weakness in the economy is going to last for a while.
        Bloomberg  -  38 words
    • Article, Illustration
      Lock icon S'pore gears up to nudge along Asia-Pac dream
      593 21  -  Lee U-Wen Incoming Apec chair shares ideas for achieving FTA for Asia-Pac region By leeuwen@sph.com.sg Lima, Peru JUST weeks before it takes over as the new Apec chair, Singapore has mapped out its plans to help the 21-member grouping realise its dream
      DESMOND FOO/THE STRAITS TIMES  -  593 words
    • Article
      Lock icon More jumping onto Pacific free trade area bandwagon
      459 21  -  Lee U-Wen Peru, Australia latest to join like-minded' nations By leeuwen@sph.com.sg Lima, Peru HOT on the heels of the United States, Peru and Australia have joined a growing tariff-busting group of nations that is shaping up as an important building block for
      459 words
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  • SGX
    • Article
      Lock icon Transaction date: Nov 21
      8888 22 52-wks Tel ligh Low Code Company Last Sale Vol Day Last Quote COO0) High Low Buyer Seller Div GrYld C'vr Net P/E M Cap Smil 2 3 3148 8Telecom j! 3 5834 A-Sonic 10 100 6389 ABF SG Bond ETF 10.5 12 5000 ABR Hldgs 9.5
      8,888 words
    • Article
      Lock icon SGX CATALIST
      1636 25 High Low Code Company ligh Sale It Cooo) High Low Buyer Seller C'vr P/E Smil 10 11.5 1181 s AAGrp 52 16 8538 s APStrategic i 1 1501 s Advanced System 58 125 3518 s Afor 18.3 27 1524 s Alantac 10 35 7814 s Albedo 95 15
      1,636 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      50 25 Up Down Unch 5 7 5 Up Down Unch 0 0 0 Up Down Unch 5 7 5 Multi Ind lanul hactunnt .ommerce ■inance Construction 'ro[ >erties Totel tsEs" »ervices lect ias/ ire linini BLW 74 74 Active counters with no volume for today are not included.
      50 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      178 25 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum
      178 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      740 25 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Nov 17 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per ShrS Before ('000) After (TOO) itock \SJ Hldgs Ltd fat Hong fat Hong fat Hong fat Hong toffies Edu toffies Edu >wing Media Hongwei
      740 words
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  • MARKETS
    • STOCK MARKETS
      • Article, Illustration
        Lock icon Straits Times Index
        19 26 YTD change:-52.04% 52-week high: 3,570.51 on Dec 11,2007 52-week low: 1,473.77 on Oct 28,2008 Source: Bloomberg
        Bloomberg  -  19 words
      • Article, Illustration
        Lock icon Hang Seng Index
        21 26 YTD change: -54.48% 52-week high: 29,962.90 on Dec 7,2007 52-week low: 10,676.20 on Oct 27,2008 Source: E :Bloomberg
        :Bloomberg  -  21 words
      • Article, Illustration
        Lock icon Dow Jones Industrial Average
        25 26 YTD change:-43.07% 52-week high: 13,780.10 on Dec 11,2007 52-week low: 7,506.97 on Nov 21,2008 (Chart shows Thursday's index closing) Source: Bloomberg
        Bloomberg  -  25 words
      • Article
        Lock icon MORGAN STANLEY CAPITAL INT'L INDICES
        365 26 Nov 20 %dy %yr %dy %yr dy %yr Index Change Change Change Change Change Change World Index Preliminai 603.0 -2.8 -46.7 -3.1 -46.8 -3.3 -50.0 EAFE Preliminai 587.4 -4.0 -47.6 -4.5 -50.4 -4.7 -53.3 Euro| Preliminai 826.1 -3.2 -46.5 -4.5 -53.2 -4.7 -56.0 Pacific 485.2
        365 words
      • Article
        Lock icon INTERBANK CURRENCY RATES
        147 26 Nov2l lurrencies Bid >$/US$ to one unit of foreign currency: \ustralian dollar 0.9570 Offer 0.9586 Bid 0.6247 Offer 0.6252 :anadian dollar 1.1989 1.2005 0.7826 0.7830 iuro 1.9178 1.9202 1.2518 1.2523 IZ dollar 0.8166 0.8188 0.5330 0.5340 jterlini 2.2709 2.2734 1.4823 1.4827 IS dollar 1.5320 1.5333 >$/US$ to
        147 words
      • Article, Illustration
        Lock icon Shanghai Stock Exchange Composite
        22 26 YTD change: -62.57% 52-week high: 5,522.78 on Jan 14,2008 52-week low: 1,664.92 on Oct 28,2008 Source: E Bloomberg
        Bloomberg  -  22 words
      • Article, Illustration
        Lock icon Nikkei 225
        19 26 YTD change: -48.32% 52-week high: 16,107.60 on Dec 7,2007 52-week low: 6,994.90 on Oct 28,2008 Source.E Bloomberg
        Bloomberg  -  19 words
      • Article
        Lock icon LIFFE
        64 26 Nov 20 :OCOA (£/tonne) Close Prev Hij ILow )ec08 1470 1487 1486/1448 1402 1416 1423/1378 »1ay09 1397 1413 1419/1381 lul 09 1400 1416 1423/1387 :OFFEE (US$/tonne) Close Pev High/Low \lov08 1774 1779 Ian 09 1819 1806 1825/1787 SUGAR (US tonne) White Close Prev High/Low 1ar09 322.5 325.0 324.9/320.4 lay
        64 words
      • Article
        Lock icon CHICAGO BOT
        97 26 Nov 2p| iOYBEANS (5,000 bu min; []ScJ60 lb bushels) Close Previous High/Low Ian 09 856.00 897.00 875.00 854.50 Vlar09 862.75 904.25 881.00 862.00 Vlay09 871.50 913.00 888.00 873.50 lul 09 879.00 922.50 897.00 878.00 JOYBEAN/OIL (60,000 lbs; usq/lb) Close Previous High/Low 3ec08 30.63 31.97 31.10 30.15 Ian 09
        97 words
      • Article
        Lock icon OIL
        76 26 Nov 20 :rude ISS/barrel (FOB origin) Close Change Srent blend (1-Mth F) VTI (Near Mth) )ubai (1-Mth F) "apis blend /linas 48.83 -2.57 48.77 -4.87 46.01 -1.05 52.45 -1.10 52.60 -0.35 •RODUCT ISS/barrel (FOB S'pore) Close Change \l aphtha let Kerosene 27.77 1.32 70.80 -1.00 JSS/barrel )pec Oil Basket
        76 words
      • Article
        Lock icon METALS
        69 26 )Vov2j| loz) Jov Jov long Kong 746.80 758.90 747.80 759.90 Nov 19 Nov 20 .ondon 747.25 748.30 749.25 750.30 Source: Thomson Reuters SILVER Selling Buying >assbook 1 oz 13.96 13.72 Source: UOB >LATINUM Lon (US$/oz) Nov 20 Close Previous >M Fix 797.00 826.00 \M Fix 803.00 837.00 Source: Thomson
        69 words
      • Article
        Lock icon PALM OIL
        65 26 Nov2?| KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Month Range Price Price Low Vol Done Open Position Hi, Dec 08 1380 Jan 09 1402 Feb 09 1401 Mar 09 1410 1456 1456 1380 1462 1471 1387 1460 1471 1386 1460 1472 1389 336 4952 2889 ***** 7721
        65 words
      • Article
        Lock icon LONDON METALS
        61 26 Nov2o| mrity mm, yy./7 ;uS$/Lonne; Close Previous lash months 1736.20 1785.00 1827.00 1877.00 lopper, Grade A ;uS$/Lonne) lash J months 3438.00 3480.00 3541.00 3590.00 .ead (US$/tonne; lash months 1168.50 1185.00 1212.00 1230.00 ;ash months "in (US$/Lonne; 9825.00 9950.00 *****.0( *****.0( lash months *****.00 *****.0( *****.00 *****.0( [inc, Special
        61 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Finance models are for the catwalk
      1533 27  -  Steve Lohr NYT Some say they don't work in real life, failing to keep pace with the explosive growth in complex securities and the resulting web of risk. By TODAY'S economic turmoil, it seems, is an implicit indictment of the arcane field of financial
      NYT; STOCK.XCHNG  -  1,533 words
    • Article
      Lock icon Policy vacuum puts US economy in peril
      858 27  -  Paul Krugman NYT If there's no action in dealing with the two Ds deflation and Detroit then the damage may become irreversible By EVERYONE'S talking about a new New Deal, for obvious reasons. In 2008, as in 1932, a long era of Republican
      NYT  -  858 words
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  • Wealth
    • Article, Illustration
      Lock icon All that glitter amid the gloom
      976 28  -  Genevieve Cua Gold has outshone other asset classes, and the outlook for the precious metal remains bright. By HE spot price of J gold at US$75B per ounce has fallen by about 25 per cent from its high in March of 551,023. But the
      REUTERS  -  976 words
    • Article, Illustration
      Lock icon Tales of fortunes made and lost in recessions
      2057 29  -  Teh Hooi Ling show me the money Success can be one of life's worst enemies. It engenders overconfidence and, as a result, one tends to let one's guard down in some instances, to the extent of recklessness hooiling@sph.com.sg Senior correspondent "^^A J^T"
      2,057 words
    • Article
      Lock icon Cash: Is it really king?
      990 29  -  Vasu Menon By WHEN there is extreme uncertainty and volatility in financial markets, investors become unsure about where to park their funds. So holding cash may seem the safest option. But is cash really as safe an option as it seems even now when a
      990 words
    • WEALTH INVESTING
      • Article
        Lock icon BROKER'S TAKE
        813 28  -  Jamie Lee Mobile One Buy DMG Partners Securities Nov 21 close: $1.24 VALUE emerges: Since our last note on Mobile One (Ml) on Oct 20, 2008, the stock has dived 26 per cent on the back of weak sentiments in the market, as well as negative newsflow from
        813 words
      • Article, Illustration
        Lock icon Lesson one: Caveat ideology
        964 30  -  Joseph Chong WEALTH INSIGHTS There are no tailor-made ideological solutions for problems. Capitalism and socialism are tools, not turn-key solutions CEO New Independent -^^A J^T" ANY books will be written about the current global financial and economic crisis. Blame and mistakes will be found in abundance.
        964 words
      • Article
        Lock icon Singapore's K2LD Architects bags award for hotel project
        210 31 SINGAPORE-BASED boutique architectural firm K2LD Architects has clinched a coveted Fiabci award for its maiden hotel project, the G Hotel in Penang. G Hotel won the Malaysia Property Award 2008 in the hotel category of the widely-recognised Fiabci awards, K2LD said. Fiabci,
        210 words
      • Article, Illustration
        Lock icon The greening of JTC's industrial estates
        653 32  -  Paya Lebar iPark is leading the way with greater openness and accessibility. WITH concrete buildings, high fences and heavy trucks going in and out, industrial parks tend to have a drab image. But JTC Corporation aims to change that, starting with Paya Lebar iPark
        653 words
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  • Page 31 Advertisements
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      Lock icon Page 31 Advertisements Column 1
      558 31 PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF I PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/LAND PRICE PSF STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) District 3 TheEsta Apt 05/11/2008 FH 1410 1100 780 NON-LANDED TheEsta Apt 05/11/2008 FH 1593 1140 715 Queens Apt 04/11/2008 99 1184 1040
      558 words
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  • Page 33 Miscellaneous
    • Miscellaneous
      Lock icon Page 33 Miscellaneous Column 1
      126 33 ij^B'1 t> 1 :j i- e,,l'a W?," w *<: 'I Am z A 7 wWwH wWAm ITTbB Tie !<sTißar ci■ 11■ HMMAl iif±]ill»!•! ArilSft h BPH HUT ft ao IH SllflvVlfllfllllt ■EI I is^UEIE uj a L2~3i i ji I l i i l.jAm A TATE MODERN EMPLOYEE TAKES THE
      126 words
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  • BT Living
    • TRAVEL
      • Article, Illustration
        Lock icon Art central
        1417 34  -  Emilyn Ang With its extravagant mix of venerable museums, studio collectives and contemporary art spaces, London remains one of the leading art capitals of the world. By IT'S barely 10am on a Friday morning and long queues are snaking outside the Tate Modern. The Victoria and Albert Museum
        AFP  -  1,417 words
      • Article, Illustration
        Lock icon Things to do, places to visit
        609 35 IF London's many museums don't take your fancy, consider these other pursuits: Music For music lovers, experience the original Beatles walk organised by 45-year-old Richard Porter, a Beatles fan who started the Magical Beatles Tour some 20 years ago. Visit 3 Savile Row, where
        609 words
    • DINING
      • Article, Illustration
        Lock icon When food beckons
        1456 36  -  Audrey Phoon Two non-F&B business owners have brought expertise from their respective professions to the table and are staking claims in the industry. By Chocolate Research Facility Millenia Walk BY his own admission, Chris Lee is a serious chocolate lover. In fact, so earnest is the creative
        1,456 words
      • Article, Illustration
        Lock icon SMOKING HOT
        1298 37  -  Audrey Phoon Warm up to good food and great conversation at these fresh communal dining options. By Japanese BBQ Yakiniku Daidomon 101 Thomson Road #01-14/15 United Square Shopping Mall S 6356-7577/7277 ONE of the most established yakiniku (which translates to "table barbecue" in Japanese) restaurants in Singapore is
        1,298 words
      • Article, Illustration
        Lock icon On a caffeine high
        968 38  -  Geoffrey Eu Vietnamese coffee evangelist Dang Le Nguyen Vu talks about bringing the brew to the next level By Trung Nguyen Cafe Liang Court #02-34 Si 6837-3314 www.trungnguyen.sg DEEP in the Central Highlands of Vietnam, in Dak Lak Province about 90 kilometres north of the hill
        968 words
    • WEEKEND WITH
      • Article, Illustration
        Lock icon Poet-in-hiding
        960 39  -  Amanda de Guzman Renowned lawyer Satpal Khattar has had an enduring love for poetry since he was a boy, and is able to recite his favourite poems verbatim. By WEEKEND WITH SATPAL KHATTAR EXECUTIVE CHAIRMAN KHATTAR HOLDINGS IT IS a little known fact that renowned lawyer Satpal Khattar enjoys
        YEN MENG JIIN  -  960 words
    • SHOPPING
      • Article
        Lock icon FUN & HIP
        784 40  - FUN HIP Melissa Lwee Serious watch collectors are eyeing timepieces of a different kind fashion watches. By RAJIV Ranjan's list of favourite watch brands reads like a luxury watch shop catalogue with names from Bulgari to Patek Philippe to Richard Mille making the cut, but when he is out and
        784 words
      • Article, Illustration
        Lock icon Fendi
        143 40 Launched in the late 80s, Fendi Timepieces was deemed a natural extension of the business where watches were redefined as fashion statements like the rest of their accessories. Aimed at the Fendi woman aged 25 to 40, the watches are a hit with Fendi aficionados who love the integration
        143 words
      • Article, Illustration
        Lock icon Gucci
        124 40 GUCCI'S watchmaking factory is situated in La Chaux-de-Fonds in Switzerland, the shrine of clockwork craftsmanship, and over the years has managed to combine state-of-the-art technology and traditional watchmaking to create cutting-edge timepieces. Aimed at clients who identify with Gucci's brand values and interpretation of what is modern, youthful and
        124 words
      • Article, Illustration
        Lock icon Salvatore Ferragamo
        137 40 CONCEIVED only last year and launched this year, Salvatore Ferragamo is the new kid on the fashion watch block. But unfazed by its relative inexperience, the Italian fashion house already has big plans for its watches, after having launched four main collections. The Gancino is inspired by Ferragamo's
        137 words
      • Article, Illustration
        Lock icon Dior
        208 40 AS Christian Dior once famously said: "Luxury accepts all the whims of the imagination." So, it came as no surprise in 1975 when the Parisian fashion house decided to join the watchmaking game. A unique combination of Dior's creativity and swiss watchmaking technologies, Dior's watches are today the expressions
        208 words
    • HOME & GARDEN
      • Article, Illustration
        Lock icon LET THERE BE WHITE
        1016 41  -  Geoffrey Eu A white theme makes this home a restful place to chill out for one busy banker. By NVESTMENT banker Chang Tou Chen is constantly on the move in his high-powered job, travelling throughout the Asia-Pacific region for several days each week, so when he's
        PHOTOS BY JOSEPH NAIR  -  1,016 words
    • HEALTH
      • Article, Illustration
        Lock icon World-class hotel, world-class spa
        669 42  -  Cheah Ui-Hoon BT looks at how hotels are raising the bar for spas in Singapore and the new methods of massage that promise to enhance an othen/vise standard facial Damai Spa and Fitness Centre Grand Hyatt Singapore lOScotts Road S 6416 7156 HOTELS are single-handedly lifting
        669 words
      • Article, Illustration
        Lock icon The secret is in the balance
        532 42 Urban Beauty Academy 184 Bukit Timah Road S 6733 6616 FOR adventurous spa junkies always on the lookout for new remedies, the latest treatment to check out is the Shiatsu Gemstone Massage Therapy a massage that combines the therapeutic benefits of both Shiatsu and
        532 words
      • Article, Illustration
        Lock icon On cloud 9
        409 42  -  Cheah Ui-Hoon SK-II Boutique Spa (by Senze Salus) 31 Scotts Road. S 6836 9168 SK-II boutique spa has made its name by using premium SK-II skincare products. But one of its latest facial offerings goes back to traditional essential oil aromatherapy. Its Cloud 9 facial includes premium
        409 words
    • GOLF & SPORT
      • Article, Illustration
        Lock icon Team Asia looks for hat-trick
        1150 43  -  Justine Moss But Team International will be putting up a strong challenge in this year's Lexus Cup. By THE dust may have settled over at Sentosa Golf Club now that the Barclays Singapore Open is done for another year, but there's still some premium golf
        AP  -  1,150 words
      • Article, Illustration
        Lock icon When champs make their final exit
        789 43  -  Naveen Verghese no holds barred naveen@sph.com.sg Executive Sub-editor THE biggest adversary for most sports champions is often not their opponents but the passage of time. Many peak by their 20s, after which their reflexes slow and chinks appear in their armour. Some quickly say
        789 words
    • MOTORING
      • Article, Illustration
        Lock icon WILD MPV MAKEOVERS
        513 44  -  Samuel Ec Head down to Suntec City Exhibition Hall to marvel at multi-purpose vehicles with a difference. By HE chances of you catching a ride on Air Force One any time soon are pretty slim unless you're on first-name terms with Mr 0. But if you want
        513 words
      • Article, Illustration
        Lock icon DASHING DUKE
        627 45  -  Samuel Ec It's handsome, stylish and has the most powerful one-cylinder engine money can buy. By HE growing popularity of supermoto bikes in Singapore has been boosted by the arrival of the world's most powerful street-legal single-cylinder motorcycle. The KTM 690 Duke has one of the biggest one-cylinder
        627 words
      • Article, Illustration
        Lock icon STAR CRUISER
        662 46  -  Samuel Ec The SL-Class convertible is the perfect grand tourer, great for cruising, with eminently confident handling at high speed. By T looks a little too long and too big to be a roadster, yet it still exudes a desirability that few other cars can match. So what
        662 words
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  • Page 37 Advertisements
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      Lock icon Page 37 Advertisements Column 1
      780 37 Wine^Cline withßTWeekend Pine Court Chinese Restaurant On afternoons of weekends and public holidays, indulge in a sumptuous Level 35, Grand Tower all-you-can-eat spread of over 30 soup, dim Mentus Mandarin Singapore sum, porridge and desserts a served to 333 Orchard Road a 6831-6262/88 j^ f Qf a we|| wQrth pfice
      780 words
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