The Business Times, 14 January 2011

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Microfilm: NL31017
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1 .00 online at http://www.businesstimes.com.sg S|5l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Friday, January 14, 2011
    25 words
  • Article
    Lock icon New steps rain on speculators' parade
    1017 1  -  Big hike in seller’s stamp duty and mortgage restrictions to cool property market By UMA SHANKARI [SINGAPORE] Starting today, speculators in the Singapore property market will find their ardour cooled by a severe new regime. The seller’s stamp duty for private homes will rise
    1,017 words
  • Article
    Lock icon MARKETS DIGEST
    141 1 GST INDEX 3,255.87 (+10.93) GST INDEX FUTURES 3,256 (+8) GSIMSCI 385.68 (+0.90) GSIMSCI FUTURES 385.70 (+0.40) FOREX US$ S$ US$ (S$ per US$) 1.289 (US$/S$ per 1.574 2.029 EURO (US$/S$/E) 1.313 1.692 Foreign currency per US$ S$ YEN 83.00 64.40 RM 3.055 2.370 HK$ 7.777 6.033 BAHT 30.44
    141 words
  • Article, Illustration
    Lock icon Han Cheng Fong sues consortium over his removal
    745 1  -  By LYNETTE KHOO [SINGAPORE] It looks like the Hangzhou-Singapore Eco-Park (HSEP) project, the first bilateral project led by the private sector, is set for more road bumps ahead. After missing key project deadlines, it now has to grapple with internal disputes within
    FILE PHOTO  -  745 words
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      70 1 EXECUTIVE LIFESTYLE The splendour of Art Stage Singapore PAGE 28 ART Magic of Murakami PAGE 30 SPECIAL FOCUS Showcase of India’s finest and latest PAGE 18-19 Asian films make the cut EXECUTIVE LIFESTYLE I PAGE 34 *****1 *****4 Ion Orchard 6509 9712 Marina Bay Sands 6225 2393 Raffles City 6338
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      13 1 FESTIVALS AROUND THE WORLD Ringing in the new year in Tokyo PAGE 29
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  • TOP STORIES
    • Article, Illustration
      Lock icon Aussie market exhales as stocks jump
      808 2  -  Queensland holds its breath as rising water levels pose threat to more areas By JOYCE HOOI [SINGAPORE] The Australian market put on a brave face and managed a 1.5 per cent rally its biggest oneday gain in a month yesterday, even as Queensland braced
      AFP  -  808 words
    • Article
      Lock icon Thailand to bid for 2020 World Expo
      505 2  -  By LEE U-WEN [SINGAPORE] Thailand is planning an ambitious bid to host the World Expo in 2020, having already shortlisted three major provinces as possible sites for the six-month long megaevent. Vincente Gonzales Loscertales, secretary general of the Bureau International des Expositions (BIE),
      505 words
    • Article
      Lock icon 9b euros in Spain, Italy bonds sold briskly
      548 2 Euro gains against US$; ECB holds interest rates steady Reuters [MADRID] Spain and Italy staged successful bond sales yesterday, buying European leaders a little time to come up with a new package of measures to stem the debt crisis rocking their 12-year-old
      Reuters  -  548 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      513 2 New steps rain on speculators’ parade STARTING today, speculators in the Singapore property market will find their ardour cooled by a severe new regime. The seller’s stamp duty for private homes will rise to as high as 16 per cent, from up to 3 per cent previously, while
      513 words
    • Article
      Lock icon A cold shower on hot money
      751 4  -  COMMENTARY By KALPANA RASHIWALA THE Singapore government yesterday acted defensively to stem the tide of hot money flowing into the island’s housing market. This comes in the light of recent steps taken by Chinese and Hong Kong authorities to guard against property asset bubbles
      751 words
    • Article
      Lock icon 3rd Changi ground handler coming soon
      407 4  -  By VEN SREENIVASAN [SINGAPORE] The award of the tender for the third ground handling contract at Changi Airport could come within the next month, if not sooner, according to aviation sources here. The tender closed in September last year, and an announcement had been
      407 words
    • Article
      Lock icon Man Investments (Singapore) Pte Ltd
      18 4 ISIN-CODE NAME NAV DATE LU********** Man AHL Trend SGD Share SGD 102.80 03.01.11
      18 words
    • Article
      Lock icon New measures expected to slow down home loans
      630 4  -  They will eliminate speculators, rein in prices, say bankers By SIOW LI SEN [SINGAPORE] Bankers are bracing for a slowdown in home loans as buyers take stock of the government’s latest property measures to dent the buoyant market. The latest restrictions, the
      630 words
    • Article, Illustration
      Lock icon Beijing unlikely to accept US tradefor-yuan deal
      577 4 Beijing unlikely to accept US trade-for-yuan deal Reuters [BEIJING] China will cast a sceptical eye over a US offer to free up trade in hightech goods and will refuse to be drawn into a bargain to speed up appreciation of its yuan currency, Chinese government advisers and economists said yesterday.
      Reuters; BLOOMBERG  -  577 words
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      281 2 FACULTY OF ENGINEERING INDUSTRIAL SYSTEMS ENGINEERING NUS National University of Singapore Executive Master in Systems Engineering and Management With the increase in complexity of systems and projects, avoiding complexity is not an option the choice comes in how you respond to it. Systems engineering can help you deal with TODAY'S
      281 words
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      292 3 Discover a new dimension of fine living Experience the full splendour of life. A new paradigm of fine living on the celebrated East Coast, Silversea Elan opens up a sea of luxuries. At the peak of perfection, exquisite finishes and fittings create a residence of unparalleled sophistication. The collection includes
      292 words
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      174 5 w A <4F MT. A r r r f\ *i J k r I s Ifc •-•m mi Porsche recommends Mobil n For more information please visit www.porsche.com.sg Another boring weekend? We have the solution. Join us at our open house on 15th and 16th January at 23 Leng Kee
      174 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Great Eastern bond sale oversubscribed
      431 6  -  Firm receives $1.2b of orders for its maiden issue of $400m notes By SIOW LI SEN GREAT Eastern Life Assurance Company Limited enjoyed robust demand for its first ever bond sale on Wednesday with private banks snapping up half the issue. The Great Eastern Holdings
      FILE PHOTO  -  431 words
    • Article
      Lock icon Thai rubber firm eyeing $280-360m SGX listing?
      435 6  -  Sri Trang re-lodges prospectus for dual listing By LYNN KAN THAI rubber maker Sri Trang Agro-Industry is seeking to raise $280-360 million with a dual listing on the Singapore Exchange, said Reuters yesterday. Thailand’s largest publicly traded rubber maker re-lodged its prospectus with
      435 words
    • Article, Illustration
      Lock icon StarHub scores Serie A rights
      414 6  -  By WINSTON CHAI THE merry-go-round of soccer programming keeps on turning, with StarHub now scoring the broadcast rights to Singapore Telecommunications’ (SingTel) exiled football content, the Italian Serie A. In a statement released yesterday, StarHub said it will start screening the 2010-to-2012 seasons of Italy’s
      REUTERS  -  414 words
    • Article
      Lock icon Unifiber signs stake deal with Indonesia businessman
      513 10  -  Oei Pheng Lian to take 51% stake, extend US$35m bridging loan By MICHELLE QUAH BELEAGUERED United Fiber System (Unifiber) has received a seeming lifeline in the form of Indonesian businessman Oei Pheng Lian, who will take up a controlling stake in the loss-mak-ing
      513 words
    • Article
      Lock icon Raffles Education buys Merchant Sq for $65m
      258 10  -  By LINETTE LIM RAFFLES Education Corporation has purchased a commercial property known as Merchant Square for $65 million. The property located at the centre of Merchant Road, Fisher Street and Angus Street comprises a four-storey office tower and two blocks of shophouses. It
      258 words
    • Article
      Lock icon China Gaoxian to raise 210b won in KDR IPO
      488 10  -  The textile fibre firm prices 30m KDRs at 7,000 won each By LYNETTE KHOO CHINA Gaoxian is raising gross proceeds of 210 billion won (S$243 million) in the first listing of Korean Depository Receipts (KDRs) by an S-chip. Yesterday, the textile
      488 words
    • Article, Illustration
      Lock icon ALL FOR UOB TRAINING
      79 10 UNITED Overseas Bank CEO Wee Ee Cheong at a certification ceremony yesterday, flanked by Annie Koh (left), dean of executive and professional education at the Singapore Management University, and Ong Puay See, CEO of the Institute of Banking Finance. The ceremony was for UOB corporate bankers
      79 words
    • COMPANY BRIEFS
      • Article
        Lock icon REA Group to develop wind farm in Jiangsu
        138 10 RENEWABLE Energy Asia (REA) Group has secured a concession to develop a 49.5-megawatt (MW) wind farm in Binhai New Area, in Jiangsu province of China. The concession, awarded by Haimen City, is part of the Jiangsu government’s plans to develop Haimen’s wind
        138 words
      • Article
        Lock icon ICICI begins clearing SMX's trade activities
        51 10 THE Singapore Mercantile Exchange (SMX) said that its special clearing member, ICICI Bank Ltd, has started clearing and settling trade activities. The Singapore branch of India’s second largest bank cleared its first trade on Dec 30 last year for the SMX Singapore-deliverable gold futures
        51 words
      • Article
        Lock icon SBI Offshore forms JV with US-based firm
        63 10 SBI Offshore Ltd has entered into a joint venture with US-based Ram Machine Tooling Inc to design, build, sell and service cranes for offshore drilling rigs in the Asia-Pacific, Middle East, Europe and Brazil. SBI subsidiary Sea Reef Offshore will hold 70 per
        63 words
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      2570 6 NAM LEE PRESSED METAL INDUSTRIES LIMITED (Company Registration No. *****0362M) (Incorporated in Singapore with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of NAM LEE PRESSED METAL INDUSTRIES LIMITED (“the Company”) will be held at Ruby Suite, Orchid Country Club, 1 Orchid
      2,570 words
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      87 7 Power in reser omp ly conditions. Ghost is engineered to be whisper-quiet, however much you exploit its newV12 engine. Effortless, yet rewarding driving is assured by the same advanced technology that creates the unique magic carpet-like ride. In every respect, Ghost embodies the power of simplicity. w n ROLLS IB!
      87 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI moves up in mixed session
      588 8  -  Broad market weakens at 224 falls against 202 rises amid moderate turnover STOCKS R SIVANITHY Senior Correspondent THE local market yesterday made a spirited attempt to push higher in response to Wall Street and Europe’s rallies on Wednesday but was unable to do so,
      Source: Bloomberg  -  588 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Jan 13 VALUE CLOSE BT OB/OS 492.00 -91.00 BT CADI -*****.00 -34.00 BT 10-day MA -*****.00 +49.00 FTSE ST Mid Cap 835.60 +0.84 FTSE ST Small Cap 620.46 -1.75 FTSE ST All Share 811.46 +2.11 FTSE ST China Top 307.60 -0.27 FTSE ST China 335.43 +1.30 FTSE
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 8 5 0 0 0 4 8 5 Manufacturing 35 73 82 7 5 15 42 78 97 Commerce 19 26 26 3 2 7 22 28 33 Tpt/Stor/Comms 10 19 16
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    • BROKERS' TAKE
      • Article, Illustration
        Lock icon Hyflux
        425 8 Jan 13 close: S$2.37 OCBC Investment Research, Jan 13 HYFLUX has won deals to develop three water projects at Hechuan Industrial Park in Chongqing City, China. The park covers around 38 sq km and houses industries such as automobile, textile and garment, biopharmaceuticals, equipment manufacturing and food processing. Hyflux
        Source: Bloomberg  -  425 words
      • Article
        Lock icon Yangzijiang Shipbuilding
        312 8  -  Jan 13 close: S$2.05 CIMB Research, Jan 13 Compiled by JOYCE HOOI YANGZIJIANG had secured US$415 million worth of contracts from September 2010 to December 2010, comprising 15 bulk carriers with delivery over 2011-2013. This brings 2010 contracts won to about US$1.5 billion. We raise our order intake
        312 words
      • Article
        Lock icon Glossary:
        138 8 CY calendar year Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1,
        138 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 69,276 69,276 101,120 101,120 Manufacturing 517,059 26,001 543,060 376,920 1,872 378,792 Commerce 153,673 18,725 172,398 174,640 2,034 176,674 Tpt/Stor/Comms 117,145 2,097 119,242 195,324 594 195,918 Finance 26,429 26,429 160,410 160,410 Construction 289,826 12,827 302,653 35,231
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      109 8 Stock name Close Change CapMallsAsia 1.920 +0.040 CapitaLand 3.840 +0.030 CapitaMall 1.910 -0.010 CityDev 12.740 +0.040 ComfortDelGro 1.630 DBS Grp 14.820 -0.020 F&N 6.500 +0.050 Genting SP 2.190 -0.010 Golden Agri 0.780 -0.005 HK Land 7.320 +0.130 JMH 45.100 +0.100 JSH 27.800 +0.380 Jardine C&C 36.020
      109 words
    • Article, Illustration
      Lock icon Euro extends gains after Spanish auction
      463 8 CURRENCIES Reuters [LONDON] The euro climbed against the dollar yesterday after a successful Spanish bond auction eased some of the concern over the debt problems plaguing the eurozone’s most-indebt-ed countries. The single currency also hit a one-month high against the Swiss franc as investors
      Reuters; REUTERS  -  463 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      61 8 VOLUME UniFiber 218,202,000 Golden Agri 114,080,000 Genting SP 51,535,000 Ban Joo 50,472,000 Yangzijiang 50,037,000 Transcu Grp 48,369,000 TopGlobal W*****9 43,929,000 Sky Petrol 37,066,000 Noble Grp 36,560,000 *Genting HK US$ 36,143,000 VALUE($) Genting SP 112,981,740 Yangzijiang 103,223,200 Golden Agri 89,811,190 Noble Grp 86,427,970 CapitaLand 72,915,850 StraitsAsia 54,180,000 Keppel
      61 words
    • Article
      Lock icon RISES
      110 8 BY CENTS CLOSE UP DBXT AUD Bonds 5AU$ ***** 187.1 1.0 DBXT MSAsExJp 10US$ 3433 114.7 2.7 IS S&P500 ***** 108.2 0.7 Jardine C&C 3602 82.0 2.3 DBXT MSKorea 10US$ 6075 58.0 0.7 Pru 500US$ 1100 51.5 3.8 DBXT FTVietnam 10US$ 3638 49.0 1.1 JSH 2780 49.0 1.4 DBXT
      110 words
    • Article
      Lock icon FALLS
      118 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-234.5 -1.4 DBXT S&P Short 10US$ 4410 -29.6 -0.5 IS MSCI India 100 762 -10.3 -1.0 Keppel Corp 1150 -10.0 -0.9 DairyFarm 944 -7.7 -0.6 SGX 839 -7.0 -0.8 GentingSBNPeCW*****9 90.5 -6.0 -6.2 Goodpack 230 -5.0 -2.1 SIMSCI390MBePW*****8 33.5 -4.5 -11.8 Cosco
      118 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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    • Article, Illustration
      Lock icon Straits Asia takes a breather after strong surge
      458 9  -  Investors exuberant over coal mine owner’s prospects heed caution calls HOT STOCKS By FELDA CHAY INVESTORS ecstatic over the prospects of Indonesian coal mine owner Straits Asia Resources appear to have come round to analysts’ calls for caution and warnings of a
      Source: Bloomberg  -  458 words
    • Article
      Lock icon Amtek on a roll as car sales in China surge
      580 9 Car parts supplier’s shares have gained 25% this month Reuters AS China’s car sales surge, Singapore-listed auto parts suppliers with operations in the country like Amtek Engineering, which manufactures precision engineering, plastic and rubber components, are basking in market attention.
      Reuters  -  580 words
    • Article
      Lock icon Yangzijiang soars on news of orders
      145 9 Reuters SHARES of Singapore-list-ed Chinese firm Yangzijiang Shipbuilding surged yesterday to its highest level in more than three years after it said it clinched US$415.3 million worth of shipbuilding contracts. The stock hit an intraday high of $2.09 before ending the day 2 per
      Reuters  -  145 words
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      163 9 (re)imagine 1-, 2-, 3-bedroom cool urban apartments fully furnished with iconic masterpieces timeless style of Eames, Dixon, Wegner beds made, kitchens equipped for cooking ready to be lived in excellent lifestyle property investment urban orchard living TwiinPeaks leonie hill road I r w rflm AXXNNNV lip I M.| I Ji
      163 words
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      373 10 Pheim ASEAN Emerging Companies Growth Fund Ltd r w A Ranked by Morningstar in terms of total returns in US Dollars, as at December 2010 for ALL the 1- to 15-year periods for the Morningstar Category ASEAN Equity Funds. This Fund started slightly more than 15 years ago; cumulatively, its
      373 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Red Cross allowed to raise funds again after audit
      336 11  -  New measures to avoid repeat of misappropriation of funds by employees By TEH SHI NING THE Singapore Red Cross (SRC) may now resume fund-raising activities, the Commissioner of Charities said yesterday, following its review of SRC’s actions after an employee was
      336 words
    • Article, Illustration
      Lock icon ChildAid casts its spell of love and magic over Japan
      819 11  -  By ANTHONY ROWLEY in Tokyo SOME in South-east Asia have in the past “looked East” to learn from Japan in various ways. But when it comes to providing compassionate care for deprived and neglected children, Japan is learning from Singapore
      819 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon PUB signs MOU on ABC Waters programme
        83 11 PUB has inked a memorandum of understanding with the Institution of Engineers Singapore to collaborate on the Active, Beautiful, Clean Waters (ABC Waters) Professional Programme. Under the programme, the two bodies will provide training to engineers, architects and landscape architects in the design
        83 words
      • Article
        Lock icon Electors registers open for inspection
        83 11 THE Elections Department has announced that the revised Registers of Electors for all 23 constituencies have been completed and will be open for inspection from Jan 14 to 27. The public may view them online (www.elections.gov.sg) or at the Elections Department, the inspection centres for
        83 words
      • Article
        Lock icon David Lim named CEO of Bank Julius Baer
        81 11 BANK Julius Baer yesterday named David Lim as chief executive of the bank in Singapore. Mr Lim will continue to hold his post of private banking head for South-east Asia. He replaces Thomas Meier, who continues to lead the bank’s business, as
        81 words
    • Article, Illustration
      Lock icon MM Lee gets RI award; praises meritocracy
      416 11  -  By TEH SHI NING MINISTER Mentor Lee Kuan Yew is the first recipient of a new award Raffles Institution (RI) introduced to honour alumni who have contributed to Singapore in exceptional ways. Speaking to the 800 alumni and guests at the Gryphon Award
      416 words
    • Article
      Lock icon New book on MM Lee’s thinking
      245 11 SINGAPOREANS will soon get a glimpse of the inner workings of Minister Mentor Lee Kuan Yew’s mind. Singapore Press Holdings (SPH) will be launching Lee Kuan Yew: Hard Truths to Keep Singapore Going, a book based on 16 interviews with MM Lee over 10
      245 words
    • Article
      Lock icon Business federation launches South Asia Business Group
      205 11 THE Singapore Business Federation (SBF) yesterday launched the South Asia Business Group (SABG) a platform that aims to enhance trade and economic links between Singapore and the South Asian subcontinent. Speaking at the launch ceremony, SBF chairman Tony Chew said that SABG will
      205 words
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      71 11 tMJ Double Happiness $5 Million Reunion Draw Fri, 28 Jan 11 'Live'Draw at Livewire (Resorts World Sentosa) at 9.30pm $10 Million Hong Bao Draw Fri, 18 Feb 11 'Live' Draw at Livewire (Marina Bay Sands) at 9.30pm $228 Pack comes with Toto tickets from top 10 winning outlets in 2010
      71 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon World economy may dip again like in 2008, warns World Bank
      686 12 It cites eurozone crisis as one of the threats that could derail recovery AFP [WASHINGTON] The World Bank warned on Wednesday that the global economy could return to the dark days of the 2008 crisis, with slowing growth and
      AFP  -  686 words
    • Article
      Lock icon Japan machinery orders in November down 3%
      445 12 Reuters [TOKYO] Japan’s core machinery orders unexpectedly fell for a third month in November as companies delayed capital expenditure following an end to government subsidies, but economists say that business spending will pick up this year as exports recover. The surprise fall in
      Reuters  -  445 words
    • Article
      Lock icon 'Moderate' expansion for economy: Fed
      352 12 But weak housing market continues to be a blot on outlook AFP Reuters [WASHINGTON] The US economy has expanded “moderately” in recent months, the Federal Reserve said in a report on Wednesday, as it warned a poor housing market continued to drag on the recovery.
      AFP; Reuters  -  352 words
    • Article
      Lock icon S Korea surprises with rate hike
      344 12 1 /4-point rise is to fight inflation; other measures unveiled AFP [SEOUL] South Korea’s central bank yesterday unexpectedly raised its key interest rate to curb inflation, joining others in Asia and beyond, while the government announced its own steps to control rising prices. The
      AFP  -  344 words
    • Article
      Lock icon Australia jobs edge up in December
      493 12 They rise by surprisingly slim 2,300 but unemployment still falls to lowest in 2 years Reuters [SYDNEY] Australian employment rose by a surprisingly slim 2,300 in December in what looked like payback for a very strong increase the previous month, but unemployment still fell
      Reuters  -  493 words
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      686 12 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF OLAM ONLINE LTD (Registration No. *****7933N) (In Member’s Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50
      686 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Indonesia plans sukuk backed by roads, rail
      505 13 Govt also plans to offer tax cuts on Syariah-compliant investment accounts Bloomberg [JAKARTA] Indonesia plans to extend the type of assets that can be used to pay returns on Islamic bonds (sukuk) to road and rail projects in a bid to support its
      Bloomberg  -  505 words
    • Article
      Lock icon Ex-Johor Corp chief quits board posts
      418 13 He denies online rumours that he manipulated shares of Kulim, QSR, KFC [KUALA LUMPUR] Former Johor Corp (JCorp) chief Muhammad Ali Hashim has quit the boards of all six listed firms related to the state investment group amid rumours that he was involved in
      418 words
    • Article, Illustration
      Lock icon Port Klang expects double-digit volume growth
      234 13 Bernama [PETALING JAYA] The Port Klang Authority (PKA) expects double-digit growth in the cargo volume it will handle this year. Chairman Lee Hwa Beng said Port Klang handled 8.9 million TEUs (20-foot equivalent units) last year, a 21 per cent increase from the 7.9
      Bernama; BLOOMBERG  -  234 words
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      71 13 changiairportgroup.com Coming togethe Have a taste of v r to satisfy the region's appetite for growth. I /hat the right connections can do for your business. SS I f 1 a 1 From 14 January 2011, Changi Airport's newest carrier, Hong Kong Airlines, operates four weekly scheduled freighter services between
      71 words
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  • GREATER CHINA
    • Article
      Lock icon China’s growth to dip to 8.7%: World Bank
      569 14 It cites unwinding of stimulus, cooling measures, tighter monetary policy Bloomberg AFP [WASHINGTON] China’s economy will expand 8.7 per cent in 2011, down from 10 per cent last year, as the government tries to limit increases in asset prices, the World Bank
      Bloomberg; AFP  -  569 words
    • Article, Illustration
      Lock icon Government further eases yuan controls
      442 14 Reuters AFP [BEIJING] China will allow its companies to make overseas investments in yuan, the central bank said yesterday, an important step toward expanding the currency’s role in the global economy. In guidelines published on its website, the People’s Bank of China said that domestic
      Reuters; AFP; REUTERS  -  442 words
    • Article, Illustration
      Lock icon Carmakers target China’s inland cities
      378 14 AFP [SHANGHAI] Carmakers, having conquered China’s coasts, have now set their sights on the country’s vast interior as they bid to extend their phenomenal growth in the world’s largest car market, analysts say. China has seen a decade of nearly non-stop annual sales growth of
      AFP; REUTERS  -  378 words
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      3267 14 SUN EAST GROUP LIMITED (Incorporated in Bermuda) (Company Registration No. *****) NOTICE OF SPECIAL GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in the circular dated 14 January 2011 issued by Sun East Group Limited (“Circular”). NOITCE IS HEREBY GIVEN that a
      3,267 words
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  • INDIA
    • Article, Illustration
      Lock icon Infosys net rise of 14.1% a letdown
      551 15 It warns of slower future growth if developed markets’ recoveries weaken AFP Reuters [BANGALORE] Indian tech giant Infosys yesterday posted a disappointing 14.1 per cent rise in consolidated net profit, and warned that future growth could be hurt if recovery in developed markets
      AFP; Reuters; AP  -  551 words
    • Article, Illustration
      Lock icon Food prices ease a bit but worries persist
      397 15 Central bank seen raising interest rates this month Reuters [NEW DELHI] India’s food inflation eased marginally from a year-high but stayed at levels enough to keep pressure on annual headline inflation in December and reinforce expectations of a rate hike by the
      Reuters; REUTERS  -  397 words
    • Article
      Lock icon RIM meets Delhi’s demand for access to its services
      349 15 Reuters [NEW DELHI] BlackBerry maker Research In Motion (RIM) said yesterday that it had given a solution to India ahead of a Jan 31 target date for access to consumer services including BlackBerry Messenger, but reiterated that no changes can be
      Reuters  -  349 words
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  • WORLD
    • Article
      Lock icon Trade deficit unexpectedly narrows to 10-month low
      566 16 Gap in Nov shrinks 0.3% to US$38.3b; claims for jobless benefits surge LATEST US DATA Bloomberg [NEW YORK] The US trade deficit unexpectedly narrowed in November to the lowest level in 10 months as faster growth overseas and a weaker dollar boosted demand
      Bloomberg  -  566 words
    • Article
      Lock icon Ireland does a lively jig over rising food prices
      441 16 Reuters [DUBLIN] Soaring food prices have sparked global worries of unrest, protectionism and inflation but in Ireland, with its lucrative food and drink exporting sector, the price rises spell good news as it struggles with a debt crisis. Ireland is counting
      Reuters  -  441 words
    • Article, Illustration
      Lock icon ECB, Bank of England hold rates steady
      372 16 AFP [FRANKFURT] The European Central Bank and Bank of England kept key lending rates unchanged yesterday as Italy and Spain successfully sold bonds and the French premier vowed that the 17-nation eurozone would not fail. In Frankfurt, the ECB kept its main lending
      AFP  -  372 words
    • Article, Illustration
      Lock icon Dhaka to investigate Grameen Bank over fraud claim
      406 16 [DHAKA] Bangladesh is investigating allegations that Nobel Prize-winning microlender Grameen Bank illegally diverted aid funds after a Norwegian television documentary cast doubts about its tax records. Last year’s documentary said Grameen, led by Nobel Peace Prize winner Muhammad Yunus, had for tax
      AFP FILE PHOTO  -  406 words
    • Article
      Lock icon Obama appeals for unity at Arizona memorial service
      440 16 AP [TUCSON, Arizona] US President Barack Obama appealed for unity at a Wednesday memorial service for those attacked in the Arizona shooting rampage and implored a divided America to honour them by becoming a better country. Mr Obama electrified the crowd by
      AP  -  440 words
    • Article
      Lock icon Americans risk becoming pariahs: oldest Swiss bank
      475 17 US tax law, to take effect in 2 years, seen as too onerous for global lenders Bloomberg [BERN] US citizens may become global “pariahs” when a law forcing foreign banks to report their accounts takes effect, according to Switzerland’s oldest bank. Americans “risk
      Bloomberg  -  475 words
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      Lock icon Russia among top 10 riskiest places for investors: report
      453 17 Bloomberg [MOSCOW] Russia is “one of the world’s riskiest locations for business to invest in”, according to a survey of 196 nations by UK risk-assessment company Maplecroft. Russia is the 10th riskiest country for investors, sliding from 15th last year to
      Bloomberg; AFP  -  453 words
    • Article, Illustration
      Lock icon Big Korean steel, other firms to invest 17.5t won
      260 17 Reuters [SEOUL] South Korea’s 58 major steel, petrochemical, chemical and non-ferrous metal makers will invest a total of 17.5 trillion won (S$20.3 billion) this year, up 8.5 per cent from 2010, the Ministry of Knowledge Economy said yesterday. Of the total,
      Reuters; REUTERS  -  260 words
    • Article
      Lock icon Banks seize record homes in US
      316 17 AFP [WASHINGTON] Banks moved to repossess a record 2.87 million US homes in 2010 as the two-year-old mortgage crisis continued to weigh heavily on the economy, foreclosure specialist RealtyTrac said yesterday. Foreclosures hit 2.23 per cent of all housing units in the country, or
      AFP  -  316 words
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      1654 16 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF AMPHION SINGAPORE PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****3576Z Extract of the Minutes of an Extraordinary General Meeting of members of AMPHION SINGAPORE PTE. LTD. convened
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      219 16 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF OCEAN FINANCIAL PTE. LTD. (In Members’ Voluntary Winding-Up) Company Registration No. *****2093 N NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final Meeting of the Members of the
      219 words
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      203 17 v y i II WINE DINE AND HOSPITALITY 5/ V ■r MS isjjfefe f BUNNY-LICIOUS 17 January to 17 February 2011 Prosperity Set Menus at $70 to 138 per pax Dim Sum Buffet with Yusheng and Lunar New Year specialties at $48 per pax (Dim Sum Buffet available on Sat,
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  • INDIA SHOW
    • Article, Illustration
      Lock icon Showcase of India’s finest and latest
      515 18  -  Find out what India has to offer at the inaugural India Show. SINGHreports MALMINDERJIT SINGH THE technological marvel that is the Tata Nano car, Indian wines that are gaining credibility among connoisseurs worldwide and Indian space technology these are just some of the glimpses
      515 words
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      Lock icon Call for fund to promote investment
      633 18  -  By MALMINDERJIT SINGH INDIA would like to see the establishment of an institutional mechanism for investment promotion between Singapore and itself, said Anand Sharma, Indian Minister for Commerce and Industry. Mr Sharma believes that a cooperative arrangement would strengthen bilateral investment flows. “A special
      633 words
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      Lock icon Open up banking sector to Asean: industry chief
      627 19  -  Both sides stand to gain, Hari S Bhartia says. SINGHreports MALMINDERJIT SINGH THE Indian government should open up more of its banking and financial sector to Asean countries, says Hari S Bhartia, president of the Confederation of Indian Industry (CII). “Considering Singapore’s
      627 words
    • Article
      Lock icon Trade and investment ties growing stronger
      644 19  -  Singapore is India’s most important trading partner among the Asean countries By MALMINDERJIT SINGH THE inaugural India Show in Singapore this week is a reflection of the growing strength of bilateral ties, particularly in the areas of trade and investment. India and Singapore are
      644 words
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      361 18 en Confederation of Indian Industry Since 1895 Department of Commerce Ministry of Commerce Industry Government of India INDIA BRAND EQUITY FOUNDATION www.ibef.org HIGH COMMISSION OK INDIA. SINGAPORE THE INDIA SYMPOSIUM "IndovationsIdeas for the World 14 January 2011: Gallery East, Suntec, Singapore SESSIONS HIGHLIGHTS The India Show Land of limitless opportunities
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      544 19 cn Confederation of Indian Industry Since 1895 BEF* Department of Commerce Ministry of Commerce Industry Government of India INDIA BRAND EQUITY FOUNDATION www.ibef.org HIGH COMMISSION OK INDIA. SINGAPORE THE INDIA EXHIBITION 14-16 January 201 l:Suntec, Hall 601, Level 6 The India Show Land of limitless opportunities 14-16 January 201 I
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  • EDITORIAL & OPINION
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      Lock icon US school scores: Don’t ignore the race factor
      876 20  -  A more detailed evaluation of OECD study suggests US schools still rank high in the world ROBERT SAMUELSON The Washington Post Writers Group ALMOST everyone who worries about America’s “competitiveness” in the world bemoans the sorry state of US K-12 education. The
      The Washington Post Writers Group; REUTERS  -  876 words
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      Lock icon Financial products that should be banned
      566 20  -  THE BOTTOM LINE MARK GILBERT The writer is the author of ‘Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable’, the London bureau chief and a columnist for Bloomberg News. The opinions expressed are his own. Bloomberg PRODUCT recall notices are a fact
      Bloomberg  -  566 words
    • Article
      Lock icon Refine the business of giving
      477 20 EDITORIAL SINGAPORE’S charity scene has come a long way in the last decade, even if the trek to maturity has been marred by the occasional scandal. The establishment of the office of the Commissioner of Charities in 2006 was a pivotal development, a building block
      477 words
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      Lock icon The good news about gas
      1785 21  -  More sources of unconventional gas have come to light and new technology has made them economically viable By JOHN DEUTCH John Deutch is Institute Professor of Chemistry at the Massachusetts Institute of Technology and former US Undersecretary of Energy, Deputy Secretary of Defence, and Director
      AP  -  1,785 words
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      Lock icon Let the capital flow freely
      667 21  -  By JOHN FOLEY REUTERS BREAKINGVIEWS EMERGING markets are under siege. Money from the West is flooding in, making it harder for governments to manage their affairs. For some, the fear is that what goes in might later be ripped out, causing untold damage. Some countries
      REUTERS; BLOOMBERG  -  667 words
    • Article
      Lock icon Why the need to pay a finder’s fee, SAH?
      151 21  -  LETTER TO THE EDITOR Grace Ho Li Ching I REFER to various articles and forum letters on Shanghai Asia Holdings (SAH). They have led me to find out more about Shantou Wanshun Package Material Co, Ltd (SWP), which is buying over
      151 words
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  • SHIPPING/AVIATION
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      Lock icon Rising population ensures long-term growth: Maersk
      411 22 Developing nations will drive demand but expect bumps on the way: CEO Reuters [COPENHAGEN] Increasing population and incomes in developing countries and a tendency for world trade to expand faster than GDP point to long-term growth in the transport business, the head of Danish
      Reuters; FILE PHOTO  -  411 words
    • Article
      Lock icon Parts firm settles dispute with Boeing
      397 22 Spirit’s claims relate to design changes in delayed Dreamliner Bloomberg Reuters [CHICAGO] Aircraft parts maker Spirit Aerosystems Holdings said it reached a deal with Boeing Co over Spirit’s claims related to development and production of the long-delayed 787 Dreamliner. Spirit did not give details,
      Bloomberg; Reuters  -  397 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 22 SGX '000 Jan 13 S$ +/-Vol CH Offshore 0.50 0.01 126 Chuan Hup Hldg 0.26 unch 108 Cosco Corp 2.31 -0.04 ***** CWT Ltd 1.13 -0.01 3439 Ezra Hldgs 1.79 -0.02 ***** First Ship Lea 0.48 unch 321 Freight Links 0.08 unch 2630 Grand Banks 0.40 unch 12
      278 words
    • Article
      Lock icon Cebu Pacific to invest US$1 bin new planes
      184 22 AFP [MANILA] The Philippines’ largest budget airline, Cebu Pacific, said yesterday it would invest US$1 billion in new aircraft and hire 2,000 more staff over four years as it boosts its international operations. The planned investment centres on 21 new Airbus 320
      AFP  -  184 words
    • Article
      Lock icon Ship orders seen rising 4% on global recovery
      356 22 S Korea’s forecast of total tonnage highest since 2008 Bloomberg [SINGAPORE] Global shipbuilding orders may rise 4 per cent this year to the highest levels since 2008 as economic recovery drives demand for consumer goods and fuel, according to estimates South Korea’s
      Bloomberg  -  356 words
    • Article
      Lock icon Mandala Airlines suspends ops
      240 22 AFP Bernama [JAKARTA] Indonesian budget carrier PT Mandala Airlines suspended operations yesterday as it seeks to restructure debt and secure strategic backers. President director Diono Nurjadin said a debt restructuring request would be filed in the Commercial Court to keep the airline aloft. “This is the
      AFP; Bernama  -  240 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3332 22 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi KU6457 1230 SQ456 1245 SQ457 1230 EY470 2200 VA7470 2200 Adelaide LH9771 1745 9W4082 2220 SQ278 1745 AF8088 2220 VS7278 1745 BA7382 2220 --JL5083 2220 MU8214 2220 --QF82 2220 LH9770 2350 SQ279 2350 VS7279 2350 Amsterdam LO4031 0605 JX817
      3,332 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      9088 23 Transaction date: Jan 13 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 3148 8Telecom 19.5 -0.5 80 19.5 19.5 19.5 20 1.7 9.3 6.3 93.4 12 4.5 5834
      9,088 words
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      Lock icon SGX CATALIST
      1703 24 52-wks Tel Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 7 4 1181 t AA Grp 5 4.5 5 27.8 4.8 225 130 6222 t APStrategic 160 unch 3 165 160 159
      1,703 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9485 24 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.38/ APS Alpha Fund (USD)!** 1.07/ APS Alpha Fund Cl B SGD!** 1.2/ APS Alpha Fund Cl B USD!** 0.89/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM
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      Lock icon SGX ETF
      830 24 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 107 6389 ABF SG Bond ETF 111 109 111 506.7 1056 761 CIMBAsean40 100US$ US1017 1030 1034 40.7 335 270 DBS STI ETF
      830 words
    • Article
      Lock icon GLOBALQUOTE
      254 24 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 38 6000 AVJennings A49 46.5 49.5 3.6 7.1 3.9 127.6 55 16 6017 Genting HK US$ US46.5 unch ***** 48 46 46.5 47 3061.8
      254 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 25 In local curr In S$ In US$ dy yr dy yr dy yr Jan 12 Index Change Change Change Change Change Change World Index Preliminary 918.2 0.9 10.3 0.8 2.0 1.3 11.1 EAFE Preliminary 822.0 1.0 4.7 1.2 -3.1 1.7 5.5 Europe Preliminary 1200.2 1.4
      374 words
    • Article
      Lock icon INTERBANK RATES
      177 25 Jan 13 $S Offer Bid 0vernight 0.02 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.02 US$ Offer Bid 7 days 0.35 0.25 1 month 0.40 0.30 2 months 0.43 0.33 3 months 0.46 0.36 6 months 0.55 0.45 9 months 0.80 0.60 12
      177 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Jan 13 S$ Bid Offer 1-month 1.2883 1.2894 2-months 1.2883 1.2894 3-months 1.2870 1.2894 6-months 1.2886 1.2897 Source: OCBC
      22 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 Jan 13 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.323 1.249 Can dollar 1.329 1.278 Euro 1.72 1.654 Sterling pound 2.064 1.985 NZ dollar 1.01 0.962 US dollar 1.306 1.256 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon STOCK INDEX FUTURES
      33 25 Jan 13 Open High Sett STI Jan 3256 SIMSCI Jan 385.5 386.5 385.7 Taiwan Jan 318.8 321.0 319.5 Source: MF Global (S) Pte. Ltd Source: MF Global (S) Pte. Ltd
      33 words
    • Article
      Lock icon PALM OIL
      65 25 Jan 13 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 11 3710 3722 3710 3710 7 1685 Feb 11 3769 3718 3769 3680 1605 ***** Mar 11 3724 3694 3724 3655 ***** ***** Apr 11 3687 3655
      65 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      439 25 Jan 13 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar11 99.6400 0 4678 Jun11 99.5450 0 2474 Sep11 99.4200 0 535 Dec11 99.2500 0 1036 EUROYEN TIBOR FUTURES Mar11 99.6550 99.6550 99.6550 99.6550 200 2676 Jun11 99.6475 99.6475 99.6475 99.6425 0 1387 Sep11 99.6350 99.6350 99.6300
      439 words
    • Article
      Lock icon SICOM FUTURES
      137 25 Jan 13 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Feb 11 545.0 544.0 545.0 34 Mar 11 542.0 542.0 542.0 50 Apr 11 544.0 539.0 544.0 49 May 11 543.0 542.0 543.0 22 Jun 11 542.0 542.0 542.0
      137 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 25 Jan 13 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 14.04.2011 0.35 1-Year BY*****N 01.11.2011 0.41 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****1E 2.500 01.10.2012 103.39 103.44 102.43 5-Year N*****0S 2.875 01.07.2015 106.69 106.80 106.75
      88 words
    • Article
      Lock icon CHICAGO BOT
      107 25 Jan 12 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 11 1409.00 1350.50 1420.50 1306.00 Mar 11 1415.00 1357.00 1427.00 1359.00 May 11 1423.75 1365.75 1435.00 1368.00 Jul 11 1427.50 1370.50 1439.00 1372.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 11 57.43
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 25 CRUDE OIL PRODUCTS Jan 12 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 98.07 1.01 WTI (Near Mth) 91.75 0.57 Dubai (1-Mth F) 93.33 1.79 Tapis blend 101.90 2.15 Minas 97.70 2.15 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.72 1.05 Jet Kerosene 109.90 1.65 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2531 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left AFP Properties EW*****8 32 -1 645 1 10 -3 1.36 58 6221 Asia-Pacific Strat W*****6 30.5 2.5 3 1 150 13 5.25 40 6227 ASJ Hldgs W*****1 2 1
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    • Article
      Lock icon INTERBANK CROSS RATES
      464 25 Jan 13 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.982 6.578 0.758 7.738 44.902 90.002 0.826 11.065 3.039 1.302 85.216 43.892 1.283 6.808 0.969 28.872 30.284 0.632 0.995 Canada 1.019 6.701
      464 words
    • Article
      Lock icon SIBOR
      85 25 Jan 13 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 25 Jan 13 Jan 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2817 1.2834 0.9948 0.9953 Canadian dollar 1.3058 1.3073 1.0135 1.0138 Euro 1.6912 1.6934 1.3126 1.3132 NZ dollar 0.9841 0.9856 0.7638 0.7643 Sterling pound 2.0279 2.0301
      156 words
    • Article
      Lock icon PRECIOUS METALS
      139 25 Jan 13 GOLD (US$/oz) Jan 13 Jan 12 Hong Kong 1384.20 1386.00 Jan 12 Jan 11 London 1378.55 1377.25 1379.35 1378.00 Source: Thomson Reuters CAST BAR Jan 13 (S$) Selling Buying Kilobar 61,683.36 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 138 58 5gm 392 288 10gm 701
      139 words
    • Article
      Lock icon LONDON METALS
      69 25 Jan 12 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2488.25 2482.50 3 months 2505.00 2497.00 Copper, Grade A (US$/tonne) Cash 9695.25 9521.50 3 months 9690.00 9510.00 Lead (US$/tonne) Cash 2682.00 2614.00 3 months 2661.00 2595.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • Article
      Lock icon LIFFE
      82 25 Jan 12 COCOA (£/tonne) Close Prev High/Low Mar 11 1980 1970 2000/1975 May 11 1985 1973 2001/1978 Jul 11 1998 1984 2012/1993 Sep 11 2004 1991 2021/1998 COFFEE (US$/tonne) Close Pev High/Low Jan 11 2162 2105 2175/2151 Mar 11 2167 2110 2185/2127 Jul 05 2187 2125 2204/2140 Jul 11
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    5757 26 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico *Loads E./W.
    5,757 words
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      28 27 r FREIGHT FORWARDER urgently needed by shippers 1 Can they find your here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327
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  • executive lifestyle
    • ARTS STAGE
      • Article, Illustration
        Lock icon Art Stage is set
        1214 28  -  With more than 120 galleries from around the world showing at Art Stage Singapore, CHEAH UI-HOON highlights some must-sees in the fair, from monumental installations to titillating works CHEAH UI-HOON THE inaugural Art Stage Singapore is not to be missed, if you want to be brought
        PHOTOS: ART STAGE  -  1,214 words
      • Article, Illustration
        Lock icon Peek into private obsessions
        491 28  -  By CLARISSA TAN THERE’S a summit of global Communist leaders in town. They’re all dead or dying. That’s what visitors will get to see at the topmost gallery of the Singapore Art Museum Fidel Castro, Mao Zedong, Kim Il-Sung, Ho Chi Minh and Vladimir Lenin, all
        491 words
      • Article, Illustration
        Lock icon Playing by art’s rules
        1271 30  -  Takashi Murakami’s cheeky works may have shocked and upset some, but he says contemporary art is full of rules to follow, reports CLARISSA TAN AT first, you are warned that Takashi Murakami may not turn up for his interview. The famous Japanese artist has set a
        PHOTOS: ARTHUR LEE; PHOTOS: AFP, ART STAGE, FILE  -  1,271 words
      • Article, Illustration
        Lock icon When junk turns a tad brilli-ant
        600 30  -  By CHEAH UI-HOON ONE person’s junk can certainly be another’s art work, as evidenced by Indian artist Paresh Maity’s installation of gigantic ants. The 46-year-old artist makes it a practice to scour junkyards and it was when he came across Enfield motorcycles some still
        ART STAGE  -  600 words
    • FESTIVALS AROUND THE WORLD
      • Article, Illustration
        Lock icon Ringing in the new year
        1255 29  -  Festivities to mark the first day of the year in the Land of the Rising Sun hark back to Japan’s agricultural past and are often steeped in meaning and tradition. By ANIS TAUFIK The writer, who is based in Kuala Lumpur, spent four years teaching
        AP; AFP PHOTOS  -  1,255 words
    • ARTS
      • Article, Illustration
        Lock icon In space, time and text
        688 31  -  TheatreWorks kicks off the year with an experimental work, writes CHEAH UI-HOON ARTISTIC risk-tak-ing has taken a bit of a back seat of late with companies vying for a piece of the mainstream theatre pie. In a bid to remind theatre-goers that there are still
        CELESTE CARRASCO  -  688 words
      • Article, Illustration
        Lock icon Stellar cast drives Model Citizens
        540 31  -  M1 FRINGE FESTIVAL By NATALIE KOH WHAT does it take to be a model citizen? Are there any in our midst your neighbourhood MP or his wife, perhaps? What does it mean to be a citizen of Singapore anyway? Such are the issues that Model
        540 words
      • Article, Illustration
        Lock icon Theatre writ large
        960 31  -  By CHEAH UI-HOON EVEN though he was the first Indian to graduate from drama school in New Zealand, actor Jacob Rajan is not championing “Indian theatre”, says the 45-year-old who set up his own theatre company there 14 years ago. “I don’t see what I do as
        PHOTOS: SINGAPORE REPERTORY THEATRE  -  960 words
    • PURSUITS
      • Article, Illustration
        Lock icon On the scent of vintage port
        1240 32  -  Portugal’s rubious aged nectar makes for a celebration of the senses, WINE writes N K YONG PORT is even less seen, let alone drunk than Yquem and similar dessert wines. Mention Taylor’s, Fonseca’s and Graham’s and chances are not many would be familiar with
        BLOOMBERG  -  1,240 words
      • Article, Illustration
        Lock icon Music magician casts his spell
        502 32  -  By LYNN KAN IT wasn’t a perfect performance. There were gaffes during indie pop violinist Owen Pallett’s gig at the Esplanade Recital Studio last Friday, like when he dropped his bow, or struggled with a microphone that was inching downward. But it was genius and
        JONATHAN KWA  -  502 words
      • Article, Illustration
        Lock icon Chanteuses trill to niches
        678 32  -  CD REVIEWS By CHRISTOPHER LIM GRABBING the ear of today’s impatient music lover requires being either very different or fitting perfectly into a marketable niche. Duffy and Cassandra Wilson fall into the former category, while Singaporeans Maggie Ko and Bevlyn Khoo occupy the latter. Welsh singer
        678 words
      • Article, Illustration
        Lock icon Shooters go bang on target
        564 32  -  GAMING REVIEW By CHRISTOPHER LIM SOME shooting games, like the Call of Duty series, strive for realism, but science fiction shooters are all about altering one’s perception of reality, whether it’s by pitting you against giant monsters or allowing you to manipulate the world in
        564 words
    • CINEMA
      • Article, Illustration
        Lock icon Nothing fair about this Game
        540 33  -  Fair Game is an explosive thriller that doesn’t resort to pulling out the big guns, writes DYLAN TAN AFTER tackling the marriage game in Mr and Mrs Smith, director Dough Linman explores marital woes on a more serious note in Fair Game. This time, his
        540 words
      • Article, Illustration
        Lock icon Songs save so-so movie
        627 33  -  By DYLAN TAN PART long-form music video (for Christina Aguilera), part feature-length botox ad (for Cher), and dare we say, part unofficial remake of Showgirls (for the formulaic, copycat plot), Burlesque will go down in cinema history as one of those movies so bad it's good.
        AP  -  627 words
      • Article, Illustration
        Lock icon More gaffes than rare bits in Rabbit 2
        415 33  -  By GEOFFREY EU FOR proof that German film-mak-ers are just as capable at churning out unfunny romantic comedies as their Hollywood counterparts, look no further than Rabbit Without Ears 2 (Zweiohrkuken), a lighter-than-air specimen whose main achievement is the destruction of any
        415 words
      • Article, Illustration
        Lock icon Spectacular closure to Japanese epic
        481 33  -  DVD REVIEW By CHRISTOPHER LIM ORDINARILY, there’s some peril in jumping into a trilogy in its third instalment. That’s especially the case with a sprawling Japanese science fiction story based on a manga series. However, it’s surprisingly easy to dive into 20th Century Boys Chapter
        481 words
    • Article, Illustration
      Lock icon Asian indie films make the cut
      1337 34  -  Brave new Asian arthouse film-makers take on the box office, reports DYLAN TAN ASIAN arthouse cinema found itself in the international spotlight when Thai film Uncle Boonmee Who Can Recall His Past Lives, picked up the Palme d’Or at last year's Cannes Film Festival.
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      177 29 A WINTER YOU WILL NOT WANT TO MISS WITH ASCOTT CHINA SERVICED RESIDENCES C? <7 \m? ASCOTT THE RESIDENCE Citadines APARTHOTEL SOMERSET SERVICED RESIDENCE Planning for the perfect winter getaway in China? With our irresistible offers, anyone can live in luxury, comfort and style at award-winning serviced residences. This winter,
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      20 30 IT'S HERE! ..ill 3G 2:40 PM y-J LDRDinG.. r GET THE FREE 9I.3FM APP NOW! Available on the App Store
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      40 30 Stumpy takes strike Refurbished stadiums, new pitches... India’s ready for next month’s cricket World Cup BHOPAL’S TAJ MAHAL GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST) GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)
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      87 31 KWOK GALLERY Three Generations of Experience Since 1918 545 Orchard Road #03-01 Far East Shopping Centre Singapore *****2 Tel: (65) 6235 2516 Fax: (65) 6235 1128 kwok.singapore@pacific.net.sg s a ingapore's premier gallery of Chinese antiquities presents a collection of pottery and stone sculptures from the Han through Tang Dynasties, bronzes
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      315 31 CRYPTIC CROSSWORD Across 1 Where publicans may be bottled up? (6,4) 6 Stay for beginning of party (4) 8 Verdict is in code to be unravelled (8) 9 Two men were clearly noticeable (6) 10 Ready with material cut out in advance (8) 11 Gently at an angle outside, it
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      39 33 Fearless^l Sculptures Drawings Etchings by Ernst Neizvestny now through February 28 TOHN ERDOS 7A Art Sp 65 Rot\d 6735-5130 w w uo. j o v\ e rd o £4 rt. c o m Orpheus II bronze sculpture (2002) 26x18x12"
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      76 34 GUITAR HEAVEN IN STORES NOW MON, 7 MARCH 2011 8PM SINGAPORE INDOOR STADIUM S$100\ S$ 150*, S$230* S$300* A DONATION TO CARLOS SANTANA'S CHARITY, MILAGRO FOUNDATION, WILL BE MADE ON EVERY TICKET SOLD. AVAILABLE AT ALL SISTIC OUTLETS, BOOKINGS HOTLINE: +65 6348 5555 WEB BOOKINGS: WWW.SISTIC.COM.SG SANTANA.COM FACEBOOKCOM/CARLOSSANTANA /fchmv cl
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      10 34 ARTS A brush with Japanese artist Takashi Murakami PAGE 30
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