The Business Times, 14 May 2011

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Microfilm: NL31341
Total Pages: 57
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    18 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg MAY 14-15, 2011 S$1.00 MICA (P) 139/08/2010 S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION
    18 words
  • Article
    Lock icon Blue chips lead strong Q1 showing
    30 1 profit makers AS at 7pm yesterday, 302 companies have reported total earnings of $8.34 billion for the first three months ended March 31. 2
    30 words
  • Article
    Lock icon When not only X marks the vote
    35 1 election surprise APPARENTLY any marking, scrawl or scratch in a GE 2011 contestant’s box even strange or snide remarks is counted as a vote for that party. 6
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  • Article
    Lock icon Post-crisis accounting rules
    23 1 stricter tack AMONG other things, the new International Financial Reporting Standards change the way in which companies define control. 7
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  • Article
    Lock icon NOL trims Q1 loss to US$9.7m
    35 1 steadier course REVENUE rises to US$2.44 billion, boosted by liner sales from higher volume and freight rates, against US$2.09 billion and a net loss of US$98.5 million previously. 11
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  • Article, Illustration
    Lock icon Singapore's big boat boom
    981 1  -  Asian wealth is flowing into anything that floats even as the West seems to experience the twilight of prosperity and conspicuous consumption By Joyce Hooi joyceh@sph.com.sg Singapore‘WHEN you have enough money to do whatever you want, you can sit down and write out your dreams. “I
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  • Article
    Lock icon Qantas hopes to wing it in Asia with Changi-based carrier
    671 1  -  By Ven Sreenivasan ven@sph.com.sg Singapore FACED with hostile unions and high costs at home, but determined to push on with its pan-Asian ambitions, Australia’s Qantas Airways is looking into setting up a Singa-pore-based subsidiary. In a front page report yesterday,
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  • TOP STORIES
    • Article
      Lock icon Big cap blue chips turn in strong results for Q1
      775 2  -  Banks lead, driven by DBS’s record gain, while shipbuilders turn in mixed set; property developers come in line with expectations By Lynn Kan lynnkan@sph.com.sg Singapore COMPANIES particularly large cap blue chips turned in strong report cards for the first earnings
      775 words
    • Article
      Lock icon Tokyo okays Tepco compensation plan
      306 2 Govt to issue specialpurpose bonds to help finance scheme Reuters Tokyo JAPAN’s government agreed yesterday to set up a fund with taxpayer money to help Tokyo Electric Power Company (Tepco) compensate victims of the crisis at its tsunami-crippled nuclear plant and avoid financial collapse. The
      Reuters  -  306 words
    • Article
      Lock icon MARKETS
      140 2 G STI 3,163.68 (+33.23) G STI FUTURES 3,162 (+33) G SIMSCI 370.82 (+5.09) G SIMSCI FUTURES 370.30 (+5.30) STOCKS Friday Change KL COMP 1,540.74 +8.45 NIKKEI 225 9,648.77 -67.88 HANG SENG 23,276.27 +202.51 SET 1,084.96 -1.31 JAKARTA 3,832.02 +23.31 MANILA 4,292.11 -19.90 KOSPI 2,120.08 -2.57 SHENZHEN B 781.35 +0.31
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    • Article
      Lock icon Petronas to invest RM60b in Johor complex
      643 4  -  It will be M’sia’s largest single downstream oil investment; project to complement rather than compete with S’pore, says Petronas By S Jayasankaran btworld@sph.com.sg Kuala Lumpur PRIME Minister Najib Razak yesterday announced that national oil company Petronas will invest RM60 billion (S$24.9 billion) to
      643 words
    • Article, Illustration
      Lock icon Glencore to close IPO books a day earlier
      467 4 Reuters Hong Kong GLOBAL commodities trader Glencore International plc will close the books for its planned US$11 billion initial public offering (IPO) on May 17, a day ahead of the original schedule, underscoring strong demand for the offer despite the recent downturn
      Reuters; BLOOMBERG  -  467 words
    • Article
      Lock icon Smooth sailing for wealthy Chinese visitors
      681 5  -  Some are heading to Singapore with China-based yacht brokers to take sailing lessons at Keppel Bay By Lynn Kan lynnkan@sph.com.sg Singapore THE ultra-rich Chinese swinging by Singapore for the weekends to play roulette at Marina Bay Sands well, that’s a dime a dozen. Less
      681 words
    • Article
      Lock icon In S’pore’s GE, ‘X’ marks the vote, right?
      867 6  -  Not necessarily; some ballot papers not marked in the prescribed way have been adjudicated to be valid By Anna Teo anna@sph.com.sg Singapore MARK anything other than a cross, anywhere but squarely within the box, and the ballot becomes invalid. Or so most
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    • Article, Illustration
      Lock icon Kids, don’t try this online
      806 6  -  saturday soapbox| Joyce Hooi Reporter ~joyceh@sph.com.sg IF you’re a parent, you rue the day some well-mea-ning buffoon with no children of his own gives your child one of those toys with flashing lights and loud noises. In many ways, the Internet has been that toy
      806 words
    • Article
      Lock icon Post-crisis accounting standards unveiled
      707 7  -  They deal with off-balance sheet activities, joint arrangements, disclosure of interests in other entities and fair value measurement By Michelle Quah michquah@sph.com.sg Singapore NEW international accounting standards introduced in response to the recent global financial crisis will, among other things, change the way in which companies
      707 words
    • Article, Illustration
      Lock icon M1 rings up $280m network upgrade
      439 7  -  Telco gives five-year contract to Huawei to start deploying LTE By Winston Chai winstonc@sph.com.sg Singapore M1 is pointing the way to higher mobile surfing speeds by being the first operator in the Southeast Asian region to kick-start a multimillion-dollar cellular network upgrade. Singapore’s smallest
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      Lock icon Page 2 Advertisements Column 1
      57 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-9 Week in Review 10 Companies 11-15 Singapore 16-18 Arts Festival 16 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-33 Show Me The Money 33 Househunt 34 Real Estate 35 LIVING Design L2-4 Style L5 Shopping L6-7 Travel L8 LuxuryLiving L9-19 DestinationDining
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      Lock icon Page 3 Advertisements Column 1
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Psychology's iconoclast
      2256 8/9  -  The psychology of leadership and effective organisations is hugely misunderstood, says Robert Hogan, president and founder of Hogan Assessment Systems. By Kenneth James kenjames@sph.com.sg ROBERTHogandoes not do sugarcoating. The president and founder of Hogan mentSystemsisacknowledged as an international authority on personality assessment, leadership and effective organisations. His personality
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  • WEEK IN REVIEW/WEEK AHEAD
    • THIS WEEK May 9-13, 2011
      • Article
        Lock icon Winds of change waft across political scene
        65 10 THE numbers may hint at only a mild setback for the ruling party which was returned to power, but Singaporeans awoke on Sunday to a shift in political realities. With people voting for change and handing six seats to the Workers’ Party, including
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      • Article
        Lock icon US deficit mountain casts long shadow: PM
        63 10 THE global economy remains vulnerable to risks from unsolved problems in the United States and Europe, though the long-term prospects for Singapore are good, Prime Minister Lee Hsien Loong said yesterday. While the world’s major economies are recovering slowly, “there are simmering risks
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      • Article
        Lock icon Takashimaya to make a leap out of S’pore
        65 10 JAPANESE retailer Takashimaya which posted record results for its operation here last year is planning to use its Singapore operations as a springboard to expand in the region. A 40,000 square metre, eight-level store is scheduled to open around September next year
        65 words
      • Article
        Lock icon Market votes with thumbs-up to GE result
        53 10 THE post-election effect seems to have been a positive one for Singa- pore stocks on Monday. The bluechip STI rose 1.2 per cent or 37.42 points to 3,136.94 after being sold down last week by more than 2 per cent, underperforming most of
        53 words
      • Article
        Lock icon A problem parks itself in the business district
        67 10 THE impending redevelopment of Market Street Car Park into an office tower at a time when parking lots have become a scarce commodity in the central business district appears to have triggered concerns from some building owners. BT understands that the owners
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      • Article
        Lock icon Commodities get silver lining, but bets are on
        51 10 FEARS that the commodity bull run has ended after prices tumbled last week seem to have been quelled, with a strong rebound in recent days. But the question on whether the year-long boom in commodity prices is driven mostly by speculation still
        51 words
      • Article, Illustration
        Lock icon George Yeo to leave political scene
        96 10 FOREIGN Affairs Minister George Yeo will exit the Singapore political scene after 23 years as a Member of Parliament, saying that he’ll leave the fight to regain Aljunied GRC to someone younger. The 57-year-old also cast aside suggestions that he might make a run
        LIM WUI LIANG/THE STRAITS TIMES  -  96 words
      • Article
        Lock icon Record dividend caps a tepid Q4 for SingTel
        58 10 DESPITE A dampened fourth- quarter performance, SingTel has proposed a final dividend of nine cents a share and a special dividend of 10 cents. Together with the interim dividend of 6.8 cents, the return to shareholders will be $4.1 billion or a
        58 words
      • Article
        Lock icon Fund managers in S’pore notch record year
        52 10 SINGAPORE’S fund management industry has turned the corner, as assets hit a new high of $1.4 trillion in 2010. Peter Ong, Ministry of Finance permanent secretary, said that the headline findings of the 2010 asset management industry survey shows year-on-year growth of 13
        52 words
      • Article
        Lock icon Renminbi ride gathers pace, DBS hits jackpot
        45 10 DBS Bank’s renminbi business here is going gangbusters, mirroring the explosion in demand in Hong Kong for the offshore RMB market. This is in spite of the fact that the yuan has been depreciating against the Singapore dollar.
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      • Article
        Lock icon Johor tries to emulate
        71 10 Jurong Island with oil plays PRIME Minister Najib Razak is expected to unveil plans for nearly RM70 billion (S$29 billion) in new oil-and-gas investments in southern Johor, in a plan that could transform the sleepy district of Pengerang into a Malaysian version of Jurong Island by
        71 words
    • Article
      Lock icon THIS WEEK May 16-20, 2011
      118 10 US DATA May 17 Housing stats and industrial production for April May 18 FOMC minutes May 19 Existing home sales for April Philadelphia Fed Survey for May Leading indicators for April EVENTS May 16 Brussels Eurogroup meeting Tokyo ECB board member and Bank of France
      118 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 1
      327 10 CRYPTIC CROSSWORD Across 1 Takes no action about coach’s limitations (10) 9 Gets ready to fight artist about manuscript (4) 10 Preacher gives Lent a new interpretation (10) 11 Choke is left out (6) 12 Lower forms of French newspapers (7) 15 Stops vehicle and issues a reprimand (5,2) 16
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    • Miscellaneous
      Lock icon Page 10 Miscellaneous Column 2
      20 10 SATURDAY with Ludwig ‘We can have dry noodles from the hot sun or just boil it in the swimming pool
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  • COMPANIES
    • Article
      Lock icon NOL trims Q1 loss to US$9.7m
      441 11  -  Revenue up 16% to US$2.4b; bottomline hit by rising fuel costs By Joyce Hooi joyceh@sph.com.sg Singapore NOL Group reported a net loss of US$9.7 million for the first quarter ended Apr 8, 2011, against a net loss of US$98.5 million for Q1 2010. It
      441 words
    • Article
      Lock icon UOL reports 133% jump in Q1 profit
      378 11  -  By Uma Shankari shankari@sph.com.sg Singapore UOL Group yesterday announced a 133 per cent rise in net profit to $230 million for the three months ended March 31, 2011, up from the restated $98.7 million a year ago. This is on the back of
      378 words
    • Article
      Lock icon Fuel cost remains biggest challenge, says SIA chief
      312 11  -  By Ven Sreenivasan ven@sph.com.sg Singapore UNPREDICTABLE and high fuel price remains the biggest challenge for Singapore Airlines as it heads into the new financial year, according to CEO Goh Choon Phong. Addressing analysts and reporters at his first results briefing since assuming
      312 words
    • Article
      Lock icon ComfortDelGro posts 7.7% drop in Q1 profit
      482 11  -  By Samuel Ee samuelee@sph.com.sg Singapore HIGHER costs for energy as well as materials and consumables were mostly to blame for ComfortDelGro’s net profit for the first quarter ended March 31, 2011 slipping 7.7 per cent to $50.1 million. But Q1 revenue inched up
      482 words
    • Article, Illustration
      Lock icon F&N Q2 profit dips on lower property takings
      415 12  -  But higher F&B earnings help offset impact By Emilyn Yap emilyny@sph.com.sg Singapore A GROWING food and beverage business helped make up for a slowdown in the property arm for local conglomerate Fraser and Neave (F&N). The group’s net profit fell in the
      FILE PHOTO  -  415 words
    • Article
      Lock icon F&B arm focusing on core products
      288 12 ICE creams and snacks could soon become another two key components of Fraser and Neave’s (F&N) food and beverage arm. The division is focusing on its core products soft drinks, beers and dairies but it is also “planting seeds” for new offerings, said the
      288 words
    • Article
      Lock icon Chemoil posts Q1 profit of US$23.2m
      343 12  -  It marks a turnaround from US$13.5m net loss By Ronnie Lim ronnie@sph.com.sg Singapore MARINE fuel supplier Chemoil has chalked up a first quarter net profit of US$23.2 million the strongest since its IPO marking a turnaround from its net loss of US$13.5 million a
      343 words
    • Article, Illustration
      Lock icon Wilmar Q1 profit dips 3.7% to US$386.7m
      597 13  -  Stronger-than-expected results come after its oilseeds and grains business returns to profit commodity earnings Reports by Felda Chay feldac@sph.com.sg Singapore PALM oil giant Wilmar International’s earnings slid further in the first quarter, although the 3.7 per cent dip to US$386.7 million was less
      597 words
    • Article
      Lock icon First Resources Q1 profit jumps 20.1%
      350 13 PALM plantation firm First Resources Ltd has reported a 20.1 per cent jump in net profit to US$30.6 million from a year ago on higher average selling prices for palm oil and palm kernel. Earnings per share for the three months ended March 31,
      350 words
    • Article
      Lock icon Golden Agri Q1 profit hits record US$230.7m
      380 13 PALM plantation owner Golden Agri-Resources has reported a 160.6 per cent year-on-year surge in net profit for its first quarter to a record high of US$230.7 million on the back of higher average selling prices for its products and a jump in sales
      380 words
    • Article, Illustration
      Lock icon Better margins help pull Thakral net up 22%
      391 14  -  It posts $2.5m profit with greater contribution from China property By Teo Si Jia teosj@sph.com.sg Singapore THAKRAL Corporation yesterday posted a 22 per cent increase in first-quarter net profit to $2.5 million for the three months ended March 31. The increase was
      FILE PHOTO  -  391 words
    • Article, Illustration
      Lock icon WBL’s Q2 profit up 15% at $20.9m
      406 14  -  Revenue grows 13.7% to $541.4m, up from $476.2m previously By Wong Su-jin sujinw@sph.com.sg Singapore WBL Corporation Limited, also known as Wearnes, yesterday announced a 2011 second-quarter net profit of $20.9 million, up 15 per cent from the year before. For the quarter ended
      FILE PHOTO  -  406 words
    • Article, Illustration
      Lock icon ST Index stuck in a trading range
      602 15  -  stocks R Sivanithy sivan@sph.com.sg Senior correspondent OUR column on Monday predicted that the Straits Times Index (STI), which last week dropped 80 points because of worry of an upset at the general election, would first enjoy a short-lived rebound because those worries proved
      602 words
    • Article, Illustration
      Lock icon A-Sonic back in the black and out of SGX watchlist
      328 15  -  By Ven Sreenivasan ven@sph.com.sg Singapore A-SONIC Aerospace has become the first company to clamber out of the Singapore Exchange’s Watchlist after significant improvement of the company’s earnings and market capitalisation over the past year. The air logistics company, which was
      FILE PHOTO  -  328 words
    • Article
      Lock icon TOP 20 ACTIVES
      111 15 VOL CLOSE GentingSP 277,396 210 -7.0 -3.2 GoldenAgri 116,420 67 0.5 0.8 Artivision 86,989 25 4.5 22.0 ChinaTitanW*****4 28,042 0.5 0.0 0.0 Dyna-Mac 27,144 61.5 1.0 1.7 Ramba 26,485 63.5 1.5 2.4 SingTel 25,259 316 0.0 0.0 NobleGrp 23,890 211 2.0 1.0 CapitaLand 17,923 320 10.0 3.2
      111 words
    • Article
      Lock icon STI STOCKS
      109 15 Stock name Close Change CapMallsAsia 1.710 +0.030 CapitaLand 3.200 +0.100 CapitaMall 1.920 +0.030 CityDev 11.460 +0.320 ComfortDelGro 1.490 +0.020 DBS Grp 14.760 +0.280 F&N 6.240 +0.140 GLP 1.970 Genting SP 2.100 -0.070 Golden Agri 0.670 +0.005 HK Land 7.340 +0.030 JMH 49.460 -1.540 JSH 29.180 -0.740 Jardine C&C
      109 words
    • Business briefing
      • Article
        Lock icon Midas Q1 net profit up 25.4% to 60.4m yuan
        97 15 MIDAS Holdings’ net profit rose 25.4 per cent to 60.4 million yuan (S$11.5 million) in Q*****. This was on the back of a 32.9 per cent increase in revenue to 296.5 million yuan. The group said its core business and key
        97 words
      • Article
        Lock icon Straits Trading posts $7.1m Q1 net profit
        77 15 THE Straits Trading Group reported a net profit of $7.1 million for Q*****, which was a turnaround from the net loss of $7.2 million a year ago. It said this came as a result of the group’s strategy of repositioning its various business
        77 words
      • Article
        Lock icon Hotel Prop more than doubles Q1 net profit
        71 15 HOTEL Properties said net profit in Q***** improved by 136 per cent to $16.8 million from $7.1 million a year ago. The group recorded revenue of $122 million in Q*****, a slight increase over revenue of $120 million for the same quarter
        71 words
    • Article
      Lock icon TOP GAINERS
      55 15 BY CENTS CLOSE UP GLD 10US$ ***** 236.6 1.3 DBXT Nifty 10US$ ***** 219.2 1.4 Jardine C&C 3856 118.0 3.2 DBXT STGLDv100 10US$ 3042 73.1 2.0 DBXT SPASX200 10US$ 3650 55.7 1.2 UOB 1950 48.0 2.5 SIA.ES.1105 1470 44.0 3.1 SIA 200 1466 42.0 2.9 SIA 1466 40.0
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    • Article
      Lock icon TOP LOSERS
      60 15 BY CENTS CLOSEDOWN JMH 4946 -190.7 -3.0 JSH 2918 -91.7 -2.5 DBXT S&P Short 10US$ 4141 -78.0 -1.5 DBXT MSJAP 10US$ 3864 -76.8 -1.6 DBXT E50 10US$ 4616 -71.8 -1.2 DBXT iBoxxKR 5US$ ***** -48.3 -0.3 DBXT FTChina25 10US$ 3169 -33.4 -0.8 DBXT MSBrazil 10US$ 708 -24.8 -2.7
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    • SINGAPORE
      • Article
        Lock icon Making Cunningham ‘roll over in his grave’
        400 16  -  Festival to offer paean to the late American choreographer wth Charmatz and dancers from Musee de la Dance singapore arts festival By Lynn Kan lynnkan@sph.com.sg ALMOST two years after American dance legend Merce Cunningham’s death, his eponymous dance company will let the dust
        400 words
      • Article, Illustration
        Lock icon Recreating sounds from the past
        732 16  -  By Christopher Lim limchris@sph.com.sg EARLY-MUSIC authenticity has been around for decades, but one of the movement’s chief exponents, the Academy of Ancient Music, hasn’t performed here before. There’s no better opportunity for the ensemble to break that drought than at this year’s Arts Festival, with
        732 words
      • Article, Illustration
        Lock icon Public to be given a larger voice in shaping policies: DPM Teo
        594 17  -  Coming to a week after the general election, Mr Teo’s call reflects big shift in voters’ mood By Chuang Peck Ming peckming@sph.com.sg SINGAPORE’S civil servants, who have always worked closely with political leaders to shape sound policies and
        FILE PHOTO  -  594 words
      • Article
        Lock icon Flammable vapours likely cause of barge explosion
        214 17 THE probable source of an exploded barge that killed two workers on Thursday was traced to flammable vapours in the barge’s tanks, said the investigating unit of the Ministry of Manpower (MOM). The vapours were most likely introduced into the tanks when the
        214 words
      • Article
        Lock icon Trade unions have helped workers stay relevant: MM Lee
        372 17  -  He also says unions here accept new technology and new ways of working By Chuang Peck Ming peckming@sph.com.sg WHILE trade unions in the Western world have often stood for the status quo, labour leaders here have been agents of change by
        372 words
      • Article, Illustration
        Lock icon Brisk car sales drive March retail sales up
        411 18  -  Retail sales up 4.7% in March with vehicle sales surging 33.9%, but non-car retail dips 1.3% By Lynn Kan lynnkan@sph.com.sg SHOPPERS mostly kept their credit cards in their wallets in March, whipping them out only to spend on cars, going by the
        FILE PHOTO  -  411 words
      • Article
        Lock icon Workers’ Party to take up both NCMP seats
        469 18  -  By Teh Shi Ning tshining@sph.com.sg THE Workers’ Party (WP) yesterday confirmed that it will take up both the non-constituency member of parliament (NCMP) seats open to it. Its nomination of Gerald Giam for the NCMP post open to its East Coast GRC
        469 words
      • Article
        Lock icon 16 maid agencies found to be fixing prices
        227 18 SINGAPORE’S anti-competition watchdog has found that 16 employment agencies here have engaged in price-fixing after they met to discuss raising the pay of Indonesian maids. The Competition Commission of Singapore (CCS) yesterday issued a Proposed Infringement Decision (PID), which is a written
        227 words
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      Lock icon Page 12 Advertisements Column 1
      29 12 Over 91,216* downloads! Slwc/Ttos... I■ nmll m.. Get your f l*GG iPhone/iPad app now! *as of 6th May 2011 91.3FMI TODAY'S BEST MUSIC Available on the J App Store
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  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      67 14 1 I r s 3 v n i j I I 7 3T 11 i j U "3 FIND THE ONES 7 1 THAT FIT! h U U) Recruit the right people I through CATS Recruit. i~——\ Call 1800 289 8822 or email f 7 j recruit@sph.com.sg to advertise. "i
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      Lock icon Page 16 Advertisements Column 1
      63 16 Heartbeat Of The Indian Community Incisive features from India, news about the local Indian community, as well as business, education, entertainment, food and sports... with an Indian slant of course. a HftcoNcffn •c THE HS IWNOW™" o^rtAM «S1»CC*« Presidential conversation lboU »<ha"»y Hathan much «ow^ lr^<on>n,J ty so •> SGD
      63 words
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  • Page 18 Advertisements
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      Lock icon Page 18 Advertisements Column 1
      60 18 Tuckinto CEOTHEGREAT outkoocCHARITY Feast on great hawker fare prepared personally by S'pore's top bosses Feel good because all proceeds go to charity When: Every Friday (7-9pm) Where: Food Republic Beer Garden* at St James Power Station the new paper *Opens daily from 6pm to 5am (Sunday to Thursday) and 6pm
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  • WORLD
    • Article
      Lock icon May consumer sentiment beats predictions
      659 19 Payroll gains for 7 consecutive months and rising retail sales since July indicate consumer spending will keep growing latest us data Bloomberg AFP Washington CONFIDENCE among US consumers climbed more than forecast in May, indicating employment growth is helping Americans cope with higher fuel and
      Bloomberg; AFP  -  659 words
    • Article, Illustration
      Lock icon India’s Congress party wins control of two Communist states
      343 19 AP New Delhi THE ruling Congress party and its allies weathered a string of corruption scandals to win three major state elections yesterday ousting Communists from two strongholds in the process but voters still showed they would punish for graft. The
      AP  -  343 words
    • Article
      Lock icon EU unity facing stern test from immigrant flood
      374 19 AFP Brussels WITH Europe’s open borders closing, bailouts turning north against south, and nations biting back at the Brussels machine, backers of an ever-closer European Union (EU) are clearly in for a rough ride. While a year-long battle to defend the euro
      AFP  -  374 words
    • Article
      Lock icon Germany, France drive eurozone economic growth in first quarter
      389 20 Expansion puts pressure on ECB to keep raising rates; German exports in March surge to highest monthly value in over 60 years Bloomberg Frankfurt GERMANY and France powered economic growth in the euro area in the first quarter as booming exports
      Bloomberg  -  389 words
    • Article
      Lock icon Global funds snapping up Indian bonds amid record yields
      483 20 Rupee debt holdings rise by US$716m in a week, the most since January Bloomberg Mumbai GLOBAL investment funds are buying India’s bonds at the fastest pace in four months as yields rise to a record relative to US Treasuries. Foreign funds
      Bloomberg  -  483 words
    • Article
      Lock icon Yahoo kept in the dark as Alibaba shifts Alipay to another company
      349 20 Bloomberg San Francisco ALIBABA Group Holding Ltd spun off its Alipay online-pay-ment business to a different company without the knowledge or consent of its board or shareholders, Yahoo! Inc said. Yahoo and Softbank Corp, owners of stakes in
      Bloomberg  -  349 words
    • Article
      Lock icon Banks see cap on further China rate hikes
      453 21 Goldman Sachs, Deutsche Bank predict just one more this year; Bank of America Merrill Lynch describes likelihood as quite small Bloomberg Beijing CHINA may limit interest-rate increases over the rest of the year, focusing on other tools for combating inflation as the
      Bloomberg  -  453 words
    • Article, Illustration
      Lock icon Yunus quits as Grameen Bank MD
      365 21 Bloomberg Dhaka NOBEL Laureate Muhammad Yunus resigned as managing director of Bangladesh’s Grameen Bank a week after the nation’s Supreme Court dismissed his appeal to remain as head of the microlender he founded. Deputy managing director Nurjahan Begum will take over from Mr Yunus
      Bloomberg; AFP  -  365 words
    • Briefly
      • Article
        Lock icon Takeda says it has not agreed to buy Nycomed
        89 21 Reuters Zurich TAKEDA, Japan’s largest drugmaker, said yesterday it has not agreed to buy Swiss rival Nycomed, following reports it was in talks to buy the privately held company for more than US$12 billion. Such a deal would boost Takeda’s global
        Reuters  -  89 words
      • Article
        Lock icon Pfizer puts aside US$772m to settle claims over drugs
        108 21 Bloomberg Wilmington PFIZER Inc, which has settled a third of the pending cases over its Prempro menopause drug, said it set aside US$772 million to resolve claims the medicine causes breast cancer. Officials of New York-based Pfizer, the world’s largest drugmaker,
        Bloomberg  -  108 words
      • Article
        Lock icon 40 hurt as ex-employee ignites petrol bomb at bank
        100 21 AFP Beijing MORE than 40 people were injured yesterday morning after a disgruntled former employee ignited a petrol bomb at a bank in a Tibetan-inhabited region of north-west China. The attack in Tianzhu county sparked a fire at the Agriculture Credit
        AFP  -  100 words
      • Article
        Lock icon Bear, panthers, leopards, monkeys – all found in luggage
        102 21 Bear, panthers, leopards, monkeys all found in luggage AFP Bangkok A MAN whose luggage contained a baby bear, a pair of panthers, two leopards and some monkeys was arrested as he tried to smuggle the live animals out of Thailand, police said yesterday. Noor Mahmood, a 36-year-old UAE national, was
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      Lock icon Mizuho, Sumitomo Mitsui post Q4 losses
      483 22 Japanese bank shares also fall after government spokesman hints that the banks may have to waive some Tepco-related loans Reuters Tokyo MIZUHO Financial Group and Sumitomo Mitsui Financial Group (SMFG) reported fourth-quarter losses yesterday as shares of Japanese banks slid after government comments appeared
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      Lock icon China to increase land supply
      241 22 It will provide 18.5% more land this year for building homes Reuters Beijing CHINA plans to provide a total of 218,000 ha of land for building residential properties this year, a rise of 18.5 per cent from 2010, the nation’s land ministry said. That includes
      Reuters  -  241 words
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      Lock icon Rare set of British jewels up for auction
      310 22 AP London A PEARL-AND-DIAMOND tiara belonging to a 19th-century woman once known as Britain’s wealthiest is due to go for auction next month, Christie’s auction house said yesterday. The Victorian tiara was among the most important jewels owned by Hannah Primrose, a
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      23 22 -e- &ta Lianhe Zaobao Renowned Chinese architect's successful vineyar proiect in his hometownJS an mmw To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • SGX
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      Lock icon SGX CATALIST
      10022 26 Transaction date: May 13 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 8Telecom 15.5 15 16 7.8 3.9 3.2 74.2 12 4.5 A-Sonic 6.5 unch 2 6.5 6.5 6.5 7 2
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      Lock icon SECURITIES TRADING SCOREBOARD
      186 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 3 3 0 0 0 11 3 3 Manufacturing 52 34 72 3 3 6 55 37 78 Commerce 17 15 24 3 1 4 20 16 28 Tpt/Stor/Comms 23 5 14
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      Lock icon BT SHARE INFORMATION SERVICE
      840 26 For week beginning May 9 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) China Minzhong Food 12-May-11 OCA II Hldgs L.P *Sell ***** na ***** 17.70 ***** 10.40 China Minzhong
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      Lock icon SECURITIES TRADING TURNOVER
      121 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 22,169 22,169 69,870 69,870 Manufacturing 163,122 2,815 165,937 217,605 136 217,741 Commerce 72,102 1,942 74,044 110,825 1,090 111,915 Tpt/Stor/Comms 129,812 1,576 131,388 255,544 197 255,741 Finance 16,046 16,046 165,918 165,918 Construction 15,056 1,250 16,306 4,602
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  • MARKETS
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      Lock icon FOREIGN CURRENCY NOTE RATES
      118 27 May 13 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.365 1.288 Can dollar 1.31 1.26 Euro 1.797 1.728 Sterling pound 2.055 1.976 NZ dollar 1.012 0.964 US dollar 1.257 1.209 Local dollars to 100 units of foreign currency: Currencies Sell
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      Lock icon STOCK MARKETS
      95 27 YTD change: -0.83% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,648.15 on May 25,2010 Source: Bloomberg YTD change: +1.05% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 18,971.50 on May 27,2010 Source: Bloomberg Bloomberg YTD change: +9.66% 52-week high: 12,876.00 on May 2, 2011 52-week low: 9,614.32
      Source: Bloomberg  -  95 words
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      Lock icon MORGAN STANLEY CAPITAL INT`L INDICES
      374 27 In local curr In S$ In US$ dy yr dy yr dy yr May 12 Index Change Change Change Change Change Change World Index Preliminary 928.5 -0.3 3.4 0.1 2.2 -0.7 5.3 ‡EAFE Preliminary 802.9 -0.8 0.3 -0.6 0.9 -1.4 4.0 Europe Preliminary 1199.7 -0.6
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      Lock icon INTERBANK CURRENCY RATES
      154 27 May 13 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3268 1.3282 1.0712 1.0715 Canadian dollar 1.2889 1.2907 1.0406 1.0412 Euro 1.7738 1.7755 1.4321 1.4323 NZ dollar 0.9838 0.9852 0.7943 0.7948 Sterling pound 2.0185 2.0205 1.6297 1.6300
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      Lock icon LIFFE
      82 27 May 12 COCOA (£/tonne) Close Prev High/Low May 11 1845 1883 1895/1822 Jul 11 1874 1912 1923/1857 Sep 11 1899 1931 1935/1882 Dec 11 1923 1853 1957/1904 COFFEE (US$/tonne) Close Pev High/Low May 11 2505 2500 2526/2463 Jul 11 2511 2514 2531/2469 Sep 11 2541 unch 2560/2499 Nov 11
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      Lock icon CHICAGO BOT
      93 27 May 12 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 11 1345.*****3.*****2.*****0.50 Jul 11 1342.*****1.*****9.*****3.50 Aug 11 1340.*****1.*****5.*****3.00 Sep 11 1333.*****5.*****6.*****6.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low May 11 56.21 56.07 56.27 55.56 Jul 11 56.46 56.30 56.77 55.60 Aug 11 56.71 56.56 57.01
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      Lock icon OIL
      75 27 May 12 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 111.82 -2.98 WTI (Near Mth) 98.57 -0.29 Dubai (1-Mth F) 105.59 -5.47 Tapis blend 119.53 -5.47 Minas 115.93 -5.47 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 108.44 -6.00 Jet Kerosene 125.25 -5.00 US$/barrel Opec Oil Basket Price
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      Lock icon LONDON METALS
      71 27 May 12 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2634.00 2620.50 3 months 2615.00 2612.00 Copper, Grade A (US$/tonne) Cash 8712.00 8679.75 3 months 8730.00 8700.00 Lead (US$/tonne) Cash 2318.50 2315.00 3 months 2307.50 2295.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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      Lock icon METALS
      66 27 May 13 GOLD (US$/oz) May 13 May 12 Hong Kong 1518.*****5.40 May 12 May 11 London 1492.*****0.00 1493.*****0.75 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 43.59 43.06 Source: PLATINUM Lon (US$/oz) May 12 Close Previous PM Fix 1760.*****3.00 AM Fix 1755.*****3.00 Source: Thomson Reuters PLATINUM NYMEX (US$/oz)
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      Lock icon PALM OIL
      67 27 May 13 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 11 3400 3410 3410 3400 54 2997 Jun 11 3324 3365 3377 3306 745 ***** Jul 11 3242 3274 3292 3229 ***** ***** Aug 11 3215 3249
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  • PERSPECTIVE
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      Lock icon Ethnic Chinese values and philanthropy
      1272 28 / 29  -  The legacy of ethnic Chinese philanthropists raises interesting questions about the relationships between ethnic Chinese cultural values on wealth, philanthropy, charity and giving. By Thomas Menkhoff and Hoon Chang Yau By Thomas Menkhoff, Hoon Chang Yau ~Thomas Menkhoff is associate professor of organisational behaviour and
      ARTHUR LEE  -  1,272 words
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      Lock icon How EU can avoid its Lehman moment
      758 28 / 29  -  While restructuring Greece’s debts might be detrimental to the euro zone, recapitalising will not. By Hugo Dixon, Neil Unmack REUTERS BREAKINGVIEWS RESTRUCTURING Greece’s debt is both desirable and inevitable, despite European Union insistence at the weekend that it is off the table. But
      REUTERS  -  758 words
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Is Asia in an euphoric phase?
        1033 30 / 31  -  At the IMAS conference, Julius Baer’s CIO presented a markedly bearish view of markets, with some private banks agreeing so too. By Genevieve Cua By Genevieve Cua gen@sph.com.sg ASIAN and global markets are currently in an “euphoric” phase of “over-trading” which suggests that investors
        Source: Deutsche Bank; REUTERS  -  1,033 words
      • BROKERS’ TAKE
        • Article
          Lock icon HL Asia
          378 30 / 31 Buy DMG Partners Research May 13 Close: $2.61 HL Asia’s Q1 2011 net profit of S$28.5 million was down 21 per cent y-o-y. This came on the back of a 17 per cent y-o-y decline in revenue, of which 5 percentage points (ppt) was due to yuan depreciation
          378 words
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          Lock icon Wilmar International
          350 30 / 31  -  Outperform CIMB Research May 13 Close: $5.35 Compiled by Lynn Kan Wilmar’s Q1 core earnings were broadly in line, at 26 per cent of our FY11 estimate and 25 per cent of consensus. All divisions with the exception of consumer products posted better earnings. We are keeping our
          350 words
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      Lock icon Delving into the money psyche
      1303 32  -  An academic study by Brad Klontz of Kansas State University has come up with four broad categories called “money scripts” to describe how people feel about money By Paul Sullivan By Paul Sullivan AP New York HOW you feel about money can have a significant
      AP; STOCK.XCHNG  -  1,303 words
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      Lock icon Singapore market still deemed healthy
      985 33  -  It seems that high profit margins do not translate into high PE ratios show me the money Teh Hooi Ling hooiling@sph.com.sg Senior correspondent ~The writer is a CFA charterholder CO-FOUNDERand chief investment strategist of Grantham Mayo VanOtterloo,Jeremy Grantham, was in Singapore last week for the
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    • WEALTH REAL ESTATE
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      103 36 AUDEMARS PIGUET le maitre de I'horlogerie depuis 1875 J A > R V x X j]T|ijj|'iiiW»i»WOiii». I,,, •<*«* Am V I V 60 iirnii in WJBL ii im #B <o m. 70 m 77, A :o o J: 9 O o 5£ PlGlfe 8 WM I O EM 88 X
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      67 1 LivingTHEBUSINESSTIMESWEEKEND|MAY14-*****1BTTHE BUSINESS TIMES WEEKEND MAY 14-15 2011 STYLE Marios Schwab at AFF Gala Night L5 SMALL TALK Tips and tricks on how to live large in shoebox spaces TRAVEL Land of the Thunder Dragon L8 KARTELL OPTIC SIDE TABLES BY PATRICK JOUIN SPACE DESTINATION DINING What's new in London L20-22
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  • BT Living
    • DESIGN
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        Lock icon LIVING LARGE IN SMALL SPACES
        1824 2/3  -  Designing the interiors of shoebox apartments may require bigger, braver thinking than for larger residences. By Clarissa Tan residences.By Clarissa Tan btnews@sph.com.sg SINGAPORE being one of the smallest countries on earth and the vast majority of us living in flats, you’d think the concept of
        ALL PHOTOS COURTESY OF SUMISURA  -  1,824 words
    • STYLE
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        Lock icon THE THINKER
        891 5  -  Fashion wunderkind Marios Schwab talks about his carefully considered approach to design, his inspirations ...and ice kacang. By Audrey Phoon kacang.By Audrey Phoon aphoon@sph.com.sg IF Marios Schwab were a chef, he might be another Ferran Adria. Not so much in terms of appearance Schwab’s lean, lithe figure is
        PHOTOS: AUDI SINGAPORE  -  891 words
    • SHOPPING
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        Lock icon Business unusual
        42 6/7  -  merchandise.By Melissa Lwee Artisanal fashion entities here have designs on their bottom lines by playing the artful dodger with high overhead costs. They opt for canny online marketing and have devised creative ways to sell their merchandise. By Melissa Lwee
        42 words
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        Lock icon Shout-out with silent auction
        681 6/7 TTMD x Choo Yilin x Calliope Silent Auction BUSINESS competition doesn’t seem to have an effect on designers like Jade Swee, Choo Yilin or Alicia Kiang. In fact, three are better than one and the dressmaker, jewellery designer and bagmaker have joined forces to launch a
        PHOTOS: YEN MENG JIIN  -  681 words
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        Lock icon Where clothes grace walls as art
        531 6/7  -  Ong Shunmugam When you’re a small design outfit like the five-month-old label Ong Shunmugam, it makes sense to have an online shop rather thanrisk puttingallone’seggsinto aphysical store that may go belly up in Singapore’s cut-throat retail environment. Still, bearing in mind that people still
        ONG SHUNMUGAM  -  531 words
      • Article, Illustration
        Lock icon Banking on niche flea markets
        540 6/7  -  Sunday Eclectica by The Pigeonhole mellwee@sph.com.sg ~For more information on My Vintage Jewel Box, go to: www.myvintagejewelbox.com/ and www.facebook.com/myvintagejewelbox Featuring My Vintage Jewel Box (Lauryn Tang) and Etincelle Creative Studio (Marie Brandelet) When marketing communications manager Lauryn Tang first started her jewellery label My Vintage
        PHOTOS: YEN MENG JIIN  -  540 words
    • TRAVEL
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        Lock icon Serenity now
        1060 8  -  There is much to marvel at in Bhutan, not least the way the country has managed to stay untouched and pure for so long. By Betsy Zink By Betsy Zink btnews@sph.com.sg SERENITY is hardly the word that comes to mind when one envisions the fiery breath of dragons
        PHOTOS BY BETSY ZINK  -  1,060 words
    • Luxe Life
      • LUXURY LIVING
        • Article, Illustration
          Lock icon Top picks
          753 10  -  If money isn’t an issue, Corinne Kerk has some recommendations for the homeproud owner Corinne Kerk Alright, time to look around for the best. More specifically, if you want to pamper yourself and are not constrained by a budget, it pays to know what the choicest pieces of
          753 words
        • Article
          Lock icon Heady views
          21 12 Koh checks out watering holes where you can get that top-of-the-world feeling and it’s not just from the alcohol
          21 words
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          Lock icon 1-Altitude
          248 12 One Raffles Place (Levels 61/62/63) Tel: 6438 0410 Most sky bars and restaurants only give you one panoramic view of your surroundings, and that’s usually enough to keep customers wide-eyed throughout the night. But 1-Altitude (above left) takes it two steps further by offering its customers views of the
          248 words
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          Lock icon KU DÉ TA
          188 12 1 Bayfront Avenue. Sands SkyPark Marina Bay Sands. Tel: 6688 7688 The hype for Marina Bay Sands has worn down a little already, especially since party-goers have tired of waiting for American night clubs Pangaea and Avalon to finally openthere.But KUDÉTA (above),which openedin September last year, has
          188 words
        • Article
          Lock icon LeVel33
          148 14 8 Marina Boulevard #33-01 Marina Bay Financial Centre Tower 1. Tel: 6834 3133 For those looking for a less boisterous venue with a view, there is LeVel33 at the Marina Bay Financial Centre (MBFC). Located at, well, level 33 of MBFC Tower 1, it prides itself as the world’s
          148 words
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          Lock icon Salt Grill and Sky Bar
          247 14 2 Orchard Turn, Level 55 56 on ION Orchard. Tel: 6592 5118 Right in the heart of Orchard Road is Salt Grill and Sky Bar, by Australian Chef Luke Mangan. The bar seats only about 25 people, but it is surrounded by full-length glass windows
          247 words
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          Lock icon Lantern
          145 14 Rooftop at The Fullerton Bay Hotel, 80 Collyer Quay. Tel: 6597 5299 Back when Singapore’s first immigrants arrived at our shores, Clifford Pier was historically known by its Chinese name, “Red Lantern Pier”, because of the use of red lanterns as lighthouses for ships. Hence the name of The
          145 words
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          Lock icon Prel.ude
          129 14 Rooftop, The Waterboat House, 3 Fullerton Road. Tel: +65 6538 9038 While not as high up as all the other rooftop bars, Prel.ude provides a more intimate setting hidden away from the hustle and bustle of the streets. With its low level, you feel like you’re surrounded by the
          129 words
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          Lock icon Home gourmet
          1025 16/17  -  Serving gourmet meals at home has never been easier with a host of personal chefs for hire, say Tan Teck Heng and Natalie Koh Tan Teck Heng, Natalie Koh Gourmet dining in Singapore has long enjoyed an ever-increasing demand, but these days, you don’t always have to go
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          Lock icon Getting away from it ail
          462 18  -  Corinne Kerk has a few suggestions on where to live it up in places as far flung as Rio de Janeiro or as near as Bali Corinne Kerk Oh, to fly away somewhere and spend a couple of days, weeks even, just living it up,
          FILE PHOTOS  -  462 words
    • DESTINATION DINING
      • Article
        Lock icon London update
        410 20/21  -  No longer the butt of snide jokes, British cuisine has come into its own, with London taking its rightful place among the food capitals of the world. The arrival of several exciting new restaurants is adding to the buzz. By Geoffrey Eu By Geoffrey Eu LONDON may have
        410 words
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        Lock icon Dinner by Heston Blumenthal
        573 20/21 Mandarin Oriental Hotel Hyde Park 66 Knightsbridge, London SW1X 7LA Z020-7201-3833 www.dinnerbyheston.com HAVING a brand name like Blumenthal’s attached to a restaurant is a sure thing, which is one reason why the owners of the Mandarin Oriental spared no expense (an estimated £6 million) in bringing
        DINNER PHOTOS BY GEOFFREY EU  -  573 words
      • Article, Illustration
        Lock icon St John Hotel
        345 20/21 Leicester Street London WC2H 7BL Z020-7251-0848 www.stjohnhotellondon.com FOR over 15 years, St John has represented the renaissance in British cooking with its celebrated nose-to-tail philosophy a sort of working-man’s approach to fine-dining, minus the fine part. Chef Fergus Henderson and business partner Trevor Gulliver eschewed the fancy
        345 words
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        Lock icon Pollen Street Social
        436 20/21 btnews@sph.com.sg 8/10 Pollen Street London W1S 1 NQ Z020-7290-7600 www.pollenstreetsocial.com AFTER his much-publicised acrimonious departure last year from the Gordon Ramsay group, where he was the driving force behind the sharing plates concept of Maze, Jason Atherton has returned to London’s culinary scene with a bang or
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        Lock icon Viajante
        436 22  -  By Geoffrey Eu btnews@sph.com.sg Patriot Square, Bethnal Green London E2 9NF Z020-7871-0461 www.viajante.co.uk ANYONE who receives a Michelin star within less than a year of opening a restaurant should be approached with a healthy dose of respect and perhaps a little scepticism too. However, Nuno Mendes’s beautifully crafted tasting
        MANS JENSEN  -  436 words
    • GADGETS
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        Lock icon Slated for success
        926 23  -  Svelte slates for every need and budget which you once could only drool over are now hitting stores. By Christopher Lim limchris@sph.com.sg iPad 2 Wi-Fi 3G ($818 to $1078 from SingTel with plan; $848 to $1,108 from Apple without plan) Just because Apple’s iPad 2 (above) launched
        926 words
    • SPORT
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        Lock icon Second chance to put things right
        629 24  -  no holds barred Lee U-Wen leeuwen@sph.com.sg Deputy Foreign Editor ALEX Ferguson has made his fair share of mistakes in a glittering, trophy-laden 25year career in charge at Manchester United. Rarely, however, does the 69-year-old perfectionist commit the same error twice. Yes, he has splashed
        REUTERS  -  629 words
      • Article, Illustration
        Lock icon What has happened to the US golfers?
        675 24  -  tee off with Alan Wilkins Alan Wilkins THE tragic passing of Europe’s finest player ever, Severiano Ballesteros, makes us delve into golfing matters that were so close to the mercurial Spaniard’s heart and soul. He took on and challenged the Americans. He was
        675 words
    • HEALTH
      • Article, Illustration
        Lock icon Spinning you right round
        1019 25  -  One in three people experience dizziness once in their lifetime. By Lim Ing Ruen Dr Lim is a consultant ear, nose throat surgeon with special interest in rhinology at Singapore Medical Specialists Centre. She has post-graduate qualifications in Otolaryngology from the Royal College of Physicians and
        1,019 words
    • MOTORING
      • Article, Illustration
        Lock icon CHEVY CHARM
        596 26  -  How attractive is the big sport-utility vehicle these days? Samuel Ee drives two recently launched SUVs to determine their appeal Samuel Ee samuelee@sph.com.sg THE Chevrolet Captiva has always been an enticing alternative to the sedate MPV mul-ti-purpose vehicle for its seven seats and macho looks. A handsome SUV,
        596 words
      • Article, Illustration
        Lock icon JEEP THRILLS
        542 27  -  The new fourth-generation Grand Cherokee is sleek and handsome. By Samuel Ee samuelee@sph.com.sg ITMAYhavetakenfourgenerationstosortoutitsstyl-ing but the Jeep Grand Cherokee has finally become something no one would be ashamed to be seen driving. The new fourth-generation Grand Cherokee is as sleek and handsome as the first three generations were
        542 words
    • GOLF
      • Article, Illustration
        Lock icon Farewell to a great
        1106 28  -  The world mourns the loss of a charismatic athlete and a shot-maker without peer. By Justine Moss By Justine Moss btnews@sph.com.sg WHEN Severiano Ballesteros was diagnosed with a malignant brain tumour in late-2008, the golfing world was stunned at the news and subsequent deterioration of the
        PHOTOS: ST FILE PHOTO, AP  -  1,106 words
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      26 9 Life Luxe BT's LUXURY LIVING GUIDE A SUPPLEMENT WITH THE BUSINESS TIMES MAY 14 -15, 2011 Living it up: top-notch furniture, gourmet meals and holiday Traumreiter-PaderbornGermany
      26 words
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      63 11 Serta USA WE MAKE THE WORLD'S BEST MATTRESS.™ Serta Acacia Valley Sr* t Queen Size $Zr399" 3,699 KPT* 'It H H A V < FRESSSH! guarantee X Night-after-night SERTA SLEEP CENTER •IMM BUILDING #03-02 JURONG POINT #03-16 'MARINA SQUARE 03 -334 PLAZA SINGAPURA 05-07 TAMPINES 1 04-34 THE CENTREPOINT #05-08
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      144 12 Settle Down, Listen Up Let Fjords® better acquaint you with one of life's essential pleasures relaxation. When choosing the right recliner for complete unwinding, you'll be glad to have picked the best for the job. All Fjords®recliners are exquisitely finished and incorporate the Active Release SystemTMthat ideally adjust to whatever
      144 words
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      355 14 Advertising Feature A First Class Experience, Every Time Comfort is paramount when it comes to home theatre seating. Stressless® extends an invitation of home cinema seats, bringing ultimate VIP comfort right into your home today. Whether it's indulging in a movie or watching television with your family, the activity has
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      78 15 2 Days Only Additional 10% SAVINGS from 14th May to 15th May Introducingthelatest PalatialCrest-DivineSeries. LuxuryYouWillNeverForget EachPalatialCrestDivineSeriesbedis impeccablydesigned,filledwithexoticfibres likesilk/cashmere/alpaca/wooland meticulouslyassembledtoprovideenduring comfortandstyle.Finishedinsplendid Belgium-qualityfabricsprovidingluxurious handfeelandlustrewithintricatedetailing andcontrastpiping,DivineSeriesbedsblend contemporaryaestheticswithauthentic elegance. InadditioneachDivineSeriesmattress comeswithanewtechnology.TheUniCased XTutilisesthelatestinedgesupport technologytolockinstabilityandabsorb shock. SELLING PRICE MODEL SIZE PHENOMENON $28,000 PROMOTION PRICE $22,680 72 x 78 EXTRAVAGANCE $22,000 72 x 78 RESPLENDENCE $17,000 72
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      43 16/17 THE INSPIRED LIFESTYLE KITCHEN European Quality. Contemporary Design. Customization. HOFFCN www.hoffen.com Head Office: 10 Ubi Crescent #02-26, UbiTechpark (Lobby B), Singapore *****4 T: (65)6742 9909 F: (65) 6742 1611 Showroom: 10 Ubi Crescent #02-15, Ubi Techpark (Lobby B), Singapore *****4 By appointment only.
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      79 16/17 CERTIFIED 100% PURE N A PURE NATURAL BY ECO, GERMANY Germany Engineered for Ultimate Comfort L t/e nature f s 1^ W Napure Galleries: International Furniture Centre 62 Sungei Kadut Loop #02-21 S*****7 Tel: 6255 5575 The Furniture Mall 7500D Beach Road #02-06/07 The Plaza SI***** Tel: 6396 5595 Head
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      92 19 CELElNl iLSlW-P-f torn K SSs v it "XiVw w <> ftj K -> ir **4V y i II Ifitft a V 1 y 1 Vi |\h\^ i vP >> W £=T" i concept wWc dbeevo luxurious v Discover c STO^t SHIP STO«S CW»®?*S»«» pk/kGSHl su\gap° 53 PoV an^ cC 058/06
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      779 22 wine&dine with BTWeekend Mandarin Court Mandarin Orchard Singapore, Level 35 333 Orchard Road Z6831-6288 Ascend 35 stories of the Orchard Wing and arrive in style at Mandarin Court Chinese Restaurant, the home of authentic Cantonese cuisine. Delight in executive Chinese chef Sunny Kong’s signature dishes such as classic Peking duck,
      779 words
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