The Business Times, 17 February 2012

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Microfilm: NL31792
Total Pages: 32
1 32 The Business Times
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  • Title Section
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    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Friday, February 17, 2012
    25 words
  • Article, Illustration
    Lock icon Risks loom, but S’pore has enough firepower, says IMF
    933 1  -  It suggests budget may be expansionary; an external slowdown may hit S’pore hard By VIKRAM KHANNA [SINGAPORE] Singapore’s GDP growth is set to slow to 2.7 per cent this year from 4.8 per cent in 2011, amid weaker external demand, the
    Sources: CEIC Data Co Ltd; and IMF staff estimates  -  933 words
  • Article, Illustration
    Lock icon Productivity gains propel real wage growth: MTI study
    632 1  -  Productivity-wages link is weaker within sectors than at the macro level By TEH SHI NING [SINGAPORE] Productivity gains do drive real wage growth, but for such gains to translate more fully into higher incomes, moves to “limit inflation and help the economy
    Source: CPF, DOS, MOM  -  632 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      110 1 HST INDEX 2,977.20 (-34.48) HST INDEX FUTURES 2,977.00 (-34.00) HSIMSCI 342.18 (-4.38) HSIMSCI FUTURES 342.20 (-4.20) us$ s$ US$ (S$ per US$) 1.268 (US$/S$ per 1.568 1.988 EURO (US$/S$/E) 1.302 1.651 Foreign currency per US$ S$ YEN 78.70 62.00 RM 3.058 2.412 HK$ 7.755 6.117 BAHT 30.86 24.34 RUPIAH
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    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.546 TAIWAN 5.036 JAPAN 1,475 Source: Bloomberg
      17 words
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      114 1 EXECUTIVE LIFESTYLE Pause for a cause with social media PAGE 32 WINE Pleasure comes first PAGE 28 AIRSHOW Orders top US$30b PAGE 4 S’PORE COMPANIES Creative soars on tablet platform PAGE 6 I v> CALIBRE BE CARTIER MULTIPLE TIME ZONE 9909 MC I8K PINK GOLD CASE, HEPTAGONAL CROWN ADORNED WITH
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      52 1 BUDGET 2012 Track the breaking news today at www.businesstimes.com. sg/budget which also has budget wishlists and reaction stories. Links to videos from Parliament are provided so that those who missed the live telecast can catch it anytime later. Get all the news and analysis in our 16-page special pullout tomorrow.
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      561 2 Risks loom, but S’pore has enough firepower: IMF SINGAPORE’S GDP growth is set to slow to 2.7 per cent this year from 4.8 per cent in 2011, amid weaker external demand, the International Monetary Fund said in its latest assessment of the economy. It also noted that the
      561 words
    • Article
      Lock icon Remote chance of Sibor manipulation: ABS
      652 2  -  Good governance, stability of Sing$ interest rate and liquidity cited By EMILYN YAP [SINGAPORE] The Association of Banks in Singapore (ABS) is confident about the design of the Singapore Interbank Offered Rate (Sibor) a key interest rate here even as banks face accusations of
      652 words
    • Article
      Lock icon Former Olympus execs arrested
      208 2 Reuters [TOKYO] Four months after one of Japan’s biggest corporate scandals, police and prosecutors yesterday arrested seven men, including the former president of Olympus Corp and ex-bank-ers, over their role in a US$1.7 billion accounting fraud at the medical equipment and camera maker. Tokyo prosecutors arrested
      Reuters  -  208 words
    • Article
      Lock icon Corrections
      169 2 IN “MAS lays down rules for OTC derivatives” (BT, Feb 14), we said that “in a break from Group of 20 recommendations, Singapore will not require trading on exchanges or electronic platform”. MAS has pointed out that it is not breaking from the recommendations. The G-20 statement states that
      169 words
    • Article
      Lock icon Orders at S’pore Airshow top US$30b
      602 4  -  This is three times the value at the 2010 event By VEN SREENIVASAN [SINGAPORE] The value of orders announced at the Singapore Airshow 2012 was treble that of the previous biennial event, surpassing even the most optimistic projections of its organiser. As of yesterday,
      602 words
    • Article
      Lock icon NODX still projected to grow 3-5% this year
      437 4  -  Figure is 2.2% for ‘11, when electronic NODX slid 13% By TEH SHI NING [SINGAPORE] Singapore’s non-oil domestic exports (NODX) are still expected to grow 3 to 5 per cent in 2012, the government said yesterday, as it released the economy’s report
      437 words
    • Article
      Lock icon Tisch Asia in a flux following president’s removal
      808 4  -  Parent NYU takes over in the interim, relooks business model By LYNN KAN [SINGAPORE] After opening with much fanfare in 2007, the New York University Tisch School of the Arts Asia here has hit a rough patch. The campus at Kay Siang
      808 words
    • Article, Illustration
      Lock icon Outlook remains subdued; no rebound in sight
      688 4  -  Govt sticks to 1 -3% growth despite a stronger Q4 than previously thought ECONOMIC SURVEY OF SINGAPORE By CONRAD TAN [SINGAPORE] The outlook for Singapore’s economy remains subdued with no impending rebound in sight, the government said yesterday, even as the economy performed
      Source: Economic Survey of Singapore 2011, Ministry of Trade and Industry  -  688 words
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      458 2 i 5^ Tuesday, 6 March 2012 9:00 a.m. to 5:30 p.m. (Registration begins at 8:30 a.m.) udget Seminar 2012 How will the Budget 2012 proposals impact your business? Following Budget Day on 17 February 2012, join us at our Budget Seminar to find out. Our tax leadership, guest speaker and
      458 words
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      297 2 S P JAIN EXECUTIVE MBA OPEN HOUSE: Global Meltdown or Global Recovery: 2012 for the World Economy The crisis in Europe remains unresolved, and with questions also about the economic outlook in the United States, it remains an open debate as to how strong the global economic growth will be
      297 words
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      264 3 fl VIBRANT CITV. COOL GREENERY. INFINITE COLOURS OF LIFE. Dynamic views. Feel the city. Make a statement at The Scotts Tower. Designed by world renowned architect and red dot award recipient Ben van Berkel of UNStudio, this is the place to be seen and heard. Choose from luxurious 1 bedroom
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      271 4 ft? JL'w, l AUjSMblA BUSINESS MIGRATION MEMBER OF MIGRATION INSTITUTE OF AUSTRALIA The Government of Western Australia through their Business Migration Centre at the Small Business Development Corporation, the UHY Haines Norton, Chartered Accountants of Perth, ANZ Bank of Australia, in collaboration with Australian Migration Agent Pte Ltd, are presenting
      271 words
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      132 5 Agility. Light in weight. Big on agility and space. Change the game with the all-new, lightweight Audi A6. Car of the year 2011 for Autocar ASEAN and Oneshift.com Bigger doesn’t have to mean heavier. The new Audi A6 Avant is a car that is not only engineered from the ground
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  • COMPANY NEWS
    • Article
      Lock icon China Sky Chemical under CAD probe
      452 5  -  This is latest twist in stand-off between the listed company and SGX By JAMIE LEE INVESTIGATIONS into the affairs at China Sky Chemical Fibre are now in the hands of the Commercial Affairs Department (CAD), Singapore’s white-collar crime-buster. The Monetary Authority of Singapore (MAS)
      452 words
    • Article, Illustration
      Lock icon FCOT buys remaining 50% stake in Canberra complex
      312 5  -  By MICHELLE TAN FRASERS Commercial Trust (FCOT) is set to acquire the remaining 50 per cent interest in Caroline Chisholm Centre, an Australian office complex located in Canberra, for A$83 million (S$113 million). FCOT’s existing half-stake in the five-storey Grade A office
      312 words
    • Article
      Lock icon FRC to give more tips for better reporting
      586 5  -  CORPORATE GOVERNANCE By JAMIE LEE The United Kingdom’s Financial Reporting Council (FRC) plans to offer more guidance on how companies’ corporate governance statements and audit reports should be made, as instances of poor reporting are still making the rounds. This was highlighted
      586 words
    • Article, Illustration
      Lock icon Creative soars 71.5% on tablet platform
      573 6  -  But observers warn of lack of details, strong incumbent players By KENNETH LIM CREATIVE Technology is going up against Apple. Again. No, it’s not MP3 players or patent suits anymore. That was so last decade. It’s a tablet platform. And no, not the Jaguar
      Source: Bloomberg  -  573 words
    • Article
      Lock icon Ex-Morgan Stanley man launching hedge fund
      294 6 Reuters MORGAN Stanley’s former head of fixed income for Asia-Pacific, Ranodeb Roy, is preparing to launch a hedge fund that will focus on liquid Asian interest rates, credit and foreign exchange, he told Reuters yesterday. Singapore-based RV Capital Management that Mr Roy is setting
      Reuters  -  294 words
    • Article
      Lock icon Fund managers turning cautious: surveys
      618 6  -  They see volatility ahead, eurozone issues biggest threat By LESLEY TEOH FUND managers have grown significantly more cautious about prospects for world growth and investment returns, according to two separate surveys by Towers Watson and Merrill Lynch. Towers Watson’s managing director of investment services for
      618 words
    • Article, Illustration
      Lock icon L Capital Asia may raise new US$1b fund
      587 9 LVMH’s private equity arm sees opportunities in Chinese retailers Reuters [HONG KONG] L Capital Asia, the private equity arm of the world’s biggest luxury goods group LVMH Moët Hennessy Louis Vuitton SA, could begin raising a new fund of more than US$1
      Reuters  -  587 words
    • Article
      Lock icon LMA Int’l full-year profit surges
      328 9  -  By ANNA LEE LMA International, a maker and distributor of medical devices, posted a 129 per cent jump in full-year net income to US$18.9 million for 2011, from the preceding year’s US$8.2 million. The group’s sales also climbed from US$108.1 million to a record US$123.9
      328 words
    • COMPANY BRIEFS
      • Article
        Lock icon Roxy-Pacific suffers 5% fall in Q4 profit
        62 9 ROXY-PACIFIC Holdings’ net profit dropped 5 per cent year on year to $11.4 million for its 2011 fourth quarter. Revenue fell 11 per cent to $42.1 million, attributed to falls in the property development and the property investment segments. The company proposed a
        62 words
      • Article
        Lock icon China Oilfield warns of significant loss
        45 9 CHINA Oilfield Technology warned that it expects to report a significant loss for FY2011 due to the impairment of property, plant and equipment. The firm’s unaudited financial results for FY2011 ended Dec 31 will be announced by Feb 29.
        45 words
      • Article
        Lock icon JEP sinks into red with loss of $2.25m
        90 9 JEP Holdings has sunk into the red with a net loss of $2.25 million for the financial year ended Dec 31, 2011 from a restated net profit of $127,000 a year ago. Revenue for the full year fell 17.5 per cent to
        90 words
      • Article
        Lock icon KS Energy unit wins $15m of contracts
        124 9 KS Energy said subsidiary KS Distribution Pte Ltd (KSD) has secured two project contracts with an established shipyard from China to supply major capital equipment, plus ancillary services, worth about $15 million in total, for the construction of two jack-up rigs. Under the
        124 words
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      295 6 \v 2012 SRI LANKA THE HUB OF ASIA PARTNER WITH SRI LANKA THE HUB OF ASIA SRI LANKA EXPO 2012. 28TH 31 ST MARCH, COLOMBO, SRI LANKA. TRADE EXHIBITION AND SYMPOSIUM ON EXPORT TRADE, INVESTMENT AND TOURISM. r? m m Sri Lanka, one of the most vibrant and fastest growing
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      318 7 Unprecedented BW THOMSON Ay l&r GRAND VIP Offers: Exclusive discount t A house-warming party I Savour sweet-home living with your loved ones at Thomson Grand, the Lion City’s newest residence featuring unsurpassed refinement. Thomson Grand’s unrivaled scenery, top building quality, exquisite provisions and superior amenities are setting a new standard
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Weak Europe opening pulls down STI
      577 8  -  Index caves in, losing 34.48 points to close at 2,977.20; turnover dips from $2.2b on Wednesday to $1.6b yesterday STOCKS R SIVANITHY Senior Correspondent AFTER rising 365 points or 14 per cent from the start of the year until yesterday’s opening including 52 points
      Source: Bloomberg  -  577 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      64 8 Feb 16 VALUE CLOSE BT OB/OS 586.00-566.00 BT CADI -*****.00-296.00 BT 10-day MA -*****.00 +59.00 FTSE ST Mid Cap 677.70 -9.91 FTSE ST Small Cap 463.16 -9.13 FTSE ST All Share 719.02 -9.04 FTSE ST China Top 230.19 -6.09 FTSE ST China 268.60 -4.87 FTSE ST Catalist
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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 0 16 0 0 0 0 0 16 0 Manufacturing 21 106 37 4 7 8 25 113 45 Commerce 12 35 15 2 8 0 14 43 15 Tpt/Stor/Comms 6 29 7
      186 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      846 8  -  Compiled by CONRAD TAN Singapore residential property OCBC INVESTMENT RESEARCH, Feb 16 URA data showed that 2,077 private residential units were sold in January. This was up 210 per cent m-o-m, 35 per cent y-o-y and a 14-month high. Excluding executive condominium and landed units, 1,868 units were
      Source: Bloomberg  -  846 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 32,606 32,606 87,901 87,901 Manufacturing 445,601 49,170 494,771 365,053 624 365,678 Commerce 324,360 22,713 347,073 270,014 1,524 271,538 Tpt/Stor/Comms 167,961 30,882 198,843 248,982 5,245 254,227 Finance 21,762 10 21,772 134,285 2 134,287 Construction 166,716 13,189
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 8 Stock name Close Change CapMallsAsia 1.560 -0.070 CapitaLand 2.860 -0.050 CapitaMall 1.755 -0.020 CityDev 10.830 -0.110 ComfortDelGro 1.485 DBS Grp 13.700 -0.130 F&N 6.300 -0.060 GLP 2.000 Genting SP 1.680 -0.025 Golden Agri 0.765 -0.005 HK Land 5.710 -0.080 JMH 50.530 -0.750 JSH 30.850 -0.450 Jardine
      111 words
    • Article, Illustration
      Lock icon Won, ringgit lead decline in Asian units
      482 8 CURRENCIES Bloomberg [BANGKOK] South Korea’s won and Malaysia’s ringgit led a decline in Asian currencies after data showed economic growth slowed last year and European leaders delayed a decision on a Greek bailout. The MSCI Asia-Pacific Index of shares fell as euro-area finance
      Bloomberg; BLOOMBERG FILE PHOTO  -  482 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 8 VOLUME Noble Grp 76,387,000 Oceanus 75,554,000 Genting SP 64,901,000 Golden Agri 60,413,000 Plastoform R 57,552,000 UniFiber 51,836,000 Digiland 42,447,000 Mewah 39,044,000 Olam 38,510,000 Dukang 32,917,000 VALUE($) Noble Grp 113,860,940 Genting SP 109,444,850 Olam 95,722,295 SingTel 94,545,720 Wilmar 69,812,715 Keppel Corp 63,309,288 DBS Grp 52,145,920 Sakari 49,400,900 HK
      56 words
    • Article
      Lock icon RISES
      119 8 BY CENTS CLOSE UP DBXT AUDCS 5SG$ ***** 224.0 0.8 Creative Tech 415 173.0 71.5 DBXT S&P Short 10US$ 3894 63.4 1.3 Lyxor India Nifty 10 1429 49.0 3.6 Lyxor LatinAmerica 1 829 43.1 4.3 DBXT MSAsExJp 10US$ 3150 40.6 1.0 Asia Pac Brew 3030 30.0 1.0 DBXT FTVietnam
      119 words
    • Article
      Lock icon FALLS
      123 8 BY CENTS CLOSE DOWN IS S&P500 ***** -233.2 -1.3 DBXT MSKorea 10US$ 5714 -176.2 -2.4 Jardine C&C 4901 -131.0 -2.6 GLD 10US$ ***** -95.1 -0.4 JMH 5053 -95.1 -1.5 DBXT MSEurope 10US$ 4295 -73.5 -1.3 JSH 3085 -57.0 -1.4 DBXT MSTaiwan 10US$ 1795 -44.4 -1.9 DBXT MSINDO 10us$ 1463
      123 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
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      1117 9 ■W&fSi 9 vtxV *->v J 4^m i 1 c-t-m B1 Off ice/Factory/Wa rehouse© D3i&. PI 4 Grd FlMrWaretious^actory^BMB^^ 1 npntEtoW £AreaSize; JERRY LUM Snr Marketing Director, MBA, CES cea licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg ERA Estate Agent Licence No L*****82K When You Buy, Sell, or
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  • SINGAPORE NEWS
    • Article
      Lock icon S’pore packs bigger punch in ‘dirty’ money fight
      453 10  -  Targets include terrorism financing and financing of proliferation By SIOW LI SEN SINGAPORE will implement the latest recommendations for combating money laundering, terrorist financing, and the financing of proliferation as announced by the Paris-based Financial Action Task Force (FATF) yesterday. The new
      453 words
    • Article, Illustration
      Lock icon Hot contest seen for Aljunied industrial site
      520 10  -  Proximity to MRT to overcome conditions on strata sub-division By MINDY TAN ANALYSTS are expecting a hot contest for a 0.63-hec-tare industrial site at the junction of Sims Drive and Aljunied Road, which was put up for sale by public tender yesterday. This,
      Source: URA  -  520 words
    • Article, Illustration
      Lock icon How about giving older workers a helping hand ?
      903 10  - How about giving older workers a helping hand Govt could, say, share with employers the cost burden of a CPF rate increase COMMENTARY MALMINDERJIT SINGH Correspondent THERE seems to be a strong possibility that Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam will announce specific measures to encourage the re-employment
      903 words
    • Article
      Lock icon Get certified or risk deregistration, EAs told
      283 10 Over 85% of employment agencies’ key appointment holders certified to date THE Ministry of Manpower (MOM) has urged all key appointment holders of employment agencies to get certified or risk being deregistered. This comes under the new Employment Agency (EA) regulatory framework, which
      283 words
    • SINGAPORE ROUNDUP
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      88 11 JUSTIFIABLY EXPENSIVE i t R-A6200S $4799 DEFINITELY NOT FORTHE MASSES THE INTELLIGENT FRIDGE FROM HITACHI Eco-friendly innovation that comes with stunning looks. With Hitachi's Original Vacuum Compartment Refrigerator, its ingenious Frost Recycling System and the ability to intelligently memorise user behaviour, it's truly in a class of its own. So
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Portugal’s debt efforts a warning for Greece
      1387 12 Despite EU-IMF bailout, its debt ratio is still growing because its economy is shrinking NYT [LISBON] As debt-plagued Greece struggles to meet Europe’s strict terms for receiving its next round of bailout money, the lesson of Portugal might bear watching. Unlike Greece, Portugal
      NYT; BLOOMBERG FILE PHOTO  -  1,387 words
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      174 12 w a: as jgvS ■C s»* -'I r VOL dl ?2aag M iC r > w a jr Si t 4\. S -rT*» ■> s^sBtea^ it.fr. r. Tar*. <• ISSIS <r. w y* m Z i k rP» '-<v W r *> r*.« Nt >■- ■PI SP 2* v. K*V
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Investors flock to Indonesian sukuk sales
      567 13 Indonesia sold 2.2t rupiah of sukuk this week, attracting 7.1t rupiah of bids: finance ministry Bloomberg [JAKARTA] Indonesia broke a run of six failed Islamic bond auctions as investors poured into the past two sales on speculation that the central bank has room to
      Bloomberg  -  567 words
    • Article, Illustration
      Lock icon CIMB in talks to buy RBS Asian units
      257 13 Reuters [KUALA LUMPUR] Malaysia’s CIMB Group Holdings is in talks to buy the Asian equities and investment banking units of Royal Bank of Scotland Group Plc (RBS), two sources with direct knowledge of the matter said yesterday. “Negotiations are ongoing but nothing
      Reuters; FILE PHOTO  -  257 words
    • Article
      Lock icon Malaysia bans forex trading by Muslims
      224 13 AFP [KUALA LUMPUR] Malaysia’s highest Islamic body has issued an edict forbidding foreign exchange trading by Muslim individuals, saying such speculation violates Islamic law. The National Fatwa Council ruled forex trading by money changers or between banks was allowable but trading by individuals “creates
      AFP  -  224 words
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      34 13 Junk foods and red meats may contain high levels of trans and saturated fats which build up in your liver. Over time, it may weaken your liver functions. Health news from B LIVE WELL
      34 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China to surpass India as top gold buyer
      333 14 AFP [MUMBAI] China is set to overtake India as the world’s largest gold buyer this year as demand for the metal for jewellery and as a safe-haven investment surges, the World Gold Council (WGC) said yesterday. Global demand hit 4,067.1 tonnes in
      AFP; REUTERS  -  333 words
    • Article
      Lock icon FDI in China down for third straight month
      402 14 Uncertainties over global economy, Europe’s debt woes contributed to fall AFP [BEIJING] Foreign direct investment in China fell in January for the third straight month, figures showed yesterday, and a commerce official warned of a tough year ahead due to the European
      AFP  -  402 words
    • Article
      Lock icon India promises ‘simple, quick’ telecom mergers
      401 14 AFP [NEW DELHI] India promised on Wednesday to allow “simple, quick” mergers to ease congestion in its overcrowded telecom sector as it seeks to clean up an industry scarred by scandal. The move comes as the fiercely competitive industry is expected to see a
      AFP  -  401 words
    • Article
      Lock icon Worsening air pollution costs China dearly: study
      319 14 US$112b lost in 2005 in lower economic productivity: MIT Reuters [HONG KONG] China’s worsening air pollution, after decades of unbridled economic growth, cost the country US$112 billion in 2005 in lost economic productivity, a study by the Massachusetts Institute of Technology (MIT) has
      Reuters  -  319 words
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      706 14 MATS NOTICES HELM FERTILIZER ASIA (SINGAPORE) PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****4717D NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DEEMED TO HAVE BEEN HELD PURSUANT TO SECTION 179(6) OF THE COMPANIES ACT (CAP.50) ON THE 10TH DAY
      706 words
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      622 14 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT (CAP.50) AND IN THE MATTER OF THE AMICI GROUP PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****1701R NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY
      622 words
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      515 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF DREY SINGAPORE PTE. LTD. (Company Registration No. *****4214K) (IN MEMBER’S VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the member of Drey Singapore Pte. Ltd., duly convened and held on 13 February 2012 at 11.00 a.m.,
      515 words
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      303 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SHEARWATER PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****5061C Extract of the Minutes of an Extraordinary General Meeting of SHEARWATER PTE LTD signed by the Shareholder pursuant to Section 179(6) of the Companies Act,
      303 words
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      352 14 In the Matter of The Companies Act, Cap.50 And In the Matter of LASCOD ASIA PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg. No. *****0817R) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final General Meeting of
      352 words
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  • WORLD
    • Article, Illustration
      Lock icon Zoellick to step down as World Bank president
      986 15 He will leave when his term expires on June 30; departure may set off clash NYT Bloomberg [WASHINGTON] Robert Zoellick will step down as president of the World Bank when his five-year term expires on June 30, the Washington-based institution announced on
      NYT; Bloomberg; AFP  -  986 words
    • Article
      Lock icon Aussie jobless rate falls to an unexpected 5.1% in January
      387 15 46,300 jobs created, surpassing forecasts of 10,000 new jobs AFP [SYDNEY] Australian unemployment posted a surprise drop to 5.1 per cent, with 46,300 jobs created in January quadruple forecasts at a time when banks and airline Qantas have announced lay-offs.
      AFP  -  387 words
    • Article
      Lock icon Japan unit may impede sale of ING’s Asia insurance biz
      1026 16 Issue is 18b euros worth high-guarantee variable annuity policies on its books Reuters [TOKYO] ING’s Japan unit is proving to be a stumbling block in the auction of its Asia insurance business that is expected to fetch more than 6
      Reuters  -  1,026 words
    • Article
      Lock icon Japan economy picking up, consumer spending firm
      423 16 Reuters [TOKYO] The government stuck to its assessment that Japan’s economy is slowly picking up yesterday and raised its view on consumer spending for the first time in six months, after a resumption of subsidies for fuel-efficient cars boosted sales. It said consumer
      Reuters  -  423 words
    • Article
      Lock icon US insider probe on banks, Asia intensifies
      596 16 Goldman Sachs analyst covering Taiwan faces probe Bloomberg [NEW YORK] The investigation of a Goldman Sachs analyst shows US officials have intensified their focus on banks and Taiwan in a multiyear insider-trading probe that has implicated hedge funds, technology company employees and consultants,
      Bloomberg  -  596 words
    • Article, Illustration
      Lock icon Dubai firms seen refinancing debt without govt aid
      690 17 Two of emirate’s main companies to refinance US$3.25b of debt this year Bloomberg [DUBAI] The emirate, which teetered on the brink of default in 2009, expects two of its main companies to refinance US$3.25 billion of debt this year without government help
      Bloomberg; REUTERS  -  690 words
    • Article
      Lock icon French presidential campaign heats up as Sarkozy declares race open
      461 17 AFP [PARIS] The French presidential election campaign got underway in earnest yesterday after Nicolas Sarkozy staked a claim to be the only leader strong enough to see France through unprecedented crisis. Mr Sarkozy and Francois Hollande, the right-wing president’s Socialist
      AFP  -  461 words
    • Article
      Lock icon US eyes deep cuts to nuclear arsenal: official
      489 17 AFP [WASHINGTON] President Barack Obama’s administration is looking at possible cuts to the US nuclear arsenal that include a drastic option to reduce the number of warheads by up to 80 per cent, a US official said on Wednesday. But no decision
      AFP  -  489 words
    • Article
      Lock icon Moody’s may downgrade global institutions
      633 18 Warning is another sign that eurozone debt crisis is spreading throughout the global financial system Bloomberg Reuters [SINGAPORE] Moody’s warned yesterday that it may cut the credit ratings of 17 global and 114 European financial institutions in another sign that the impact of the eurozone
      Bloomberg; Reuters  -  633 words
    • Article
      Lock icon Housing starts up 1.5% to 699,000 units in January
      468 18 LATEST US DATA Reuters [WASHINGTON] Government data yesterday pointed to sustained momentum in the economy, with builders breaking more ground on new residential projects in January and little signs of a pick-up in inflation pressures. The number of Americans filing new
      Reuters  -  468 words
    • Article, Illustration
      Lock icon Xi goes on charm offensive in US heartland
      696 18 Bloomberg AP [CHICAGO] Chinese VicePresident Xi Jinping reunited with a family in Iowa that hosted him 27 years ago as a provincial agricultural official, this time bringing with him company executives who signed deals to buy soybeans as demand for US grains
      Bloomberg; AP  -  696 words
    • Article
      Lock icon US and China must respect each other’s ‘core interests’: Xi
      536 18 He stresses that Taiwan and Tibet are part of China NYT [WASHINGTON] On the second day of an ambitious tour through the United States, China’s vice-presi-dent and presumed next leader, Xi Jinping, said on Wednesday that the two nations must
      NYT  -  536 words
    • Article, Illustration
      Lock icon UBS seeks immunity from Canada
      432 18 The bank has also suspended a number of employees Bloomberg [LONDON] UBS AG, Switzerland’s biggest bank, sought immunity from prosecution by Canadian regulators probing a potential conspiracy to rig the price of derivatives globally, three people with knowledge of the inquiry said. The lender is
      Bloomberg; BLOOMBERG  -  432 words
    • Article
      Lock icon Greece rescue package hits snag
      405 18 AFP [BRUSSELS] A massive rescue package for Greece faced a substantial rewrite yesterday, after officials revealed that Athens could not meet its debt targets and divisions grew over the country’s eurozone future. As the eurozone tightens the screws to monitor every detail of a debt
      AFP  -  405 words
  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
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      23 15 PROTECT YOUR LIVER Usual: $109.95 Protect your liver with LAC Activated Liver Protector $55for 2nd box MAHS*****94 MAHP*****09 6281 5688 or 6757 4403
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  • Page 16 Advertisements
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  • Page 17 Advertisements
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      161 17 ENTRAL JJL I NK A Rare Business Development at CBD Fringe •V.v V 4 V* VR 81 K&i of Sg S' e' 9 QUEENSTOWN MRT TIONG BAHRU MRT Terms and conditions apply Estimated monthly installment based on 70% Bank loan of 1.75% for 25 years Rental yield of 6% is
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      171 17 Ill 1 KL CITY CENTRE fit? EXHIBITION Date: 18 19 Feb 2012 (Sat Sun) Time: 10.00am-7.00pm Venue: Four Seasons Hotel The Paterson Room, 6th Floor 190 Orchard Boulevard Singapore *****6 *FREE ID Package (selected units only) *FREE 1st year Service Charge (indicatively at RMO.SOpsf) Legal Fees Disbursement on SPA DMC
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  • AVIATION/SHIPPING
    • SINGAPORE AIRSHOW 2012
      • Article, Illustration
        Lock icon Expediture, job cuts as Qantas H1 profit falls
        673 19  -  83% tumble in profit casts shadow over Jetstar, Frequent Flyer bright spots By VEN SREENIVASAN AUSTRALIA’S Qantas group yesterday announced an 83 per cent tumble in half year net profit to A$42 million (S$56.8 million), and announced it would slash A$700 million
        BLOOMBERG  -  673 words
      • Article
        Lock icon Cebu Pacific buys US$280m of engines
        217 19  -  By NISHA RAMCHANDANI CEBU Pacific is buying US$280 million worth of Trent 700 engines from Rolls-Royce to power up to eight leased Airbus A*****0 aircraft, it announced yesterday. The deal also includes long-term service support for the engines. The A330-300 aircraft will be used
        217 words
    • Article
      Lock icon Asian financing grows amid funding squeeze
      355 19  -  By JOYCE HOOI AS the growth rate of the global aircraft fleet picks up pace but funding from Europe continues to dry up, plane buyers are increasingly turning to Asian funding, industry players at the Singapore Airshow’s Southeast Asia Business Forum said yesterday. “The
      355 words
    • Article
      Lock icon Lion Air orders 27 ATR planes worth US$610m
      417 19  -  By NISHA RAMCHANDANI LION AIR is proving to be the star of the show at the Singapore Airshow this year, having announced a couple of contracts which collectively account for a sizeable chunk of the total deals inked this week. In an
      417 words
    • BRIEFLY
      • Article
        Lock icon SIAEC signs deal with VietJet Air
        88 19 MAINBOARD-LISTED SIA Engineering Company (SIAEC) yesterday announced the signing of an Inventory Technical Management (ITM) Services Agreement with VietJet Air, a low-cost airline based in Hanoi. The five-year contract, covering VietJet’s fleet of six A320 aircraft, will see SIAEC providing a wide spectrum of
        88 words
      • Article
        Lock icon SATS inks pacts with China firms
        66 19 SATS Ltd said it has entered into a new joint venture agreement with China Eastern Airlines Corp, China Southern Airlines and Capital Airports Holding Company for Beijing Aviation Ground Services (BGS). Separately, SATS has also inked another new joint venture agreement with Eastern Air
        66 words
      • Article
        Lock icon Eurocopter SEA’s new simulator
        147 19 EADS unit Eurocopter South East Asia (ESEA) yesterday unveiled its new Dauphin AS365 N3/N3+ full-flight simulator, which is housed at the ESEA Training Centre at Seletar Aerospace Park. ESEA also received certification from Eurocopter to be a regional MRO (maintenance, repair and overhaul) hub for the
        147 words
    • Article
      Lock icon Honeywell wins contracts with Jeju Air, Eastar Jet
      252 19  -  By NISHA RAMCHANDANI HONEYWELL Aerospace unveiled two contract wins at the Singapore Airshow yesterday, one of which is a multi-mil-lion dollar contract to provide a full suite of avionics for six Boeing 737-800 NG aircraft belonging to low-cost carrier (LCC) Jeju Air.
      252 words
    • Article
      Lock icon Tanker fleet set to grow 6%, rates seen staying low
      382 19 Reuters [COPENHAGEN] The supply of crude oil tankers is expected to grow by 6 per cent this year and daily rates are seen staying low due to oversupply and slack demand, shipping industry association Bimco said on Wednesday. Copenhagen-based Bimco,
      Reuters  -  382 words
    • Article
      Lock icon 25-year-low charter rates put squeeze on ship owners
      234 19 Bloomberg [LONDON] Companies hiring ships to haul coal and other raw materials are adding to financial pressure on vessel owners by taking advantage of the lowest charter costs in a quarter of a century, according to Precious Shipping pcl. Precious lost business
      Bloomberg  -  234 words
  • Page 19 Advertisements
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  • EDITORIAL & OPINION
    • Article
      Lock icon Tackling derivatives’ regulatory challenges
      478 20 EDITORIAL DERIVATIVES financial instruments that are linked to some underlying assets such as commodities or stocks have been in existence for centuries, used by producers and farmers as a form of risk management. However, only in the last few decades has the use of derivatives extended
      478 words
    • Article, Illustration
      Lock icon China may have to pay a price for being more assertive
      779 20  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 BEIJING’S veto, along with that of Moscow, of a United Nations Security Council resolution on Syria reflects a more assertive
      779 words
    • Article, Illustration
      Lock icon Why S-chip fraud cases keep cropping up
      1061 20  -  Poor corporate governance is simply a symptom but not the root of the problem By QIAN MEIJUN The writer is an assistant professor in Finance, NUS Business School. She specialises in asset management, governance of financial institutions, and the financial system in China
      YEN MENG JIIN  -  1,061 words
    • Article, Illustration
      Lock icon Asia-Pac offshore marine’s potential
      1234 21  -  Singapore, with its commitments and leadership in sector, can help bring about collaborative developments By CHRIS HAYMAN The writer is chairman, Seatrade, a maritime publisher and events organiser THIS year will see the Asia-Pacific region continue to grow as a major global player in the offshore
      ST FILE PHOTO  -  1,234 words
    • Article, Illustration
      Lock icon Obama’s budget plan will gut government
      772 21  -  ROBERT SAMUELSON The Washington Post Writers Group THE unveiling of US President Obama’s federal budget for 2013 involves two big stories. The first concerns deficits and debt, which have gotten plenty of attention. Although Mr Obama characterises his budget as restrained and responsible, the
      The Washington Post Writers Group  -  772 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2669 22 Transaction date: Feb 16 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote 112.5 92.5 AIMSAMPIReit 105 -3.5 193 107 105 105 105.5 1.9 10.6 466 Net M
      2,669 words
    • Article
      Lock icon SGX CATALIST
      194 23 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale (’000) High Low Buyer Seller C'vr P/E Smil 26
      194 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7375 23 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mat Asia Limited FM Local Ccy Bond
      7,375 words
    • Article
      Lock icon GLOBALQUOTE
      205 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 53.5 32.5 AVJennings A32.5cd -5 4 32.5 32.5 35 39.5 3.6 10.8 2.6 84.6 46 25.5 Genting HK US$ US36 -1.5 8202 37 36 36 36.5 2370.4
      205 words
    • Article
      Lock icon SGX ETF
      846 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 1261 856 CIMBAsean40 100US$ US1036 +6 67 1036 1025 1027 1036 41.4 ***** ***** DBXT AUD Bonds 5AU$ A***** ***** ***** 45.6 ***** ***** DBXT AUDCS
      846 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 24 In local curr In S$ In US$ dy yr dy yr dy yr Feb 15 Index Change Change Change Change Change Change World Preliminary 895.0 0.6 7.9 0.2 5.4 0.5 8.3 EAFE Preliminary 737.3 0.8 8.1 0.4 6.0 0.7 8.8 Europe Preliminary 1101.6 0.4 7.3
      373 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 24 CRUDE OIL PRODUCTS Feb 15 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 119.17 1.97 WTI (Near Mth) 101.85 0.97 Dubai (1-Mth F) 115.64 0.05 Tapis blend 126.73 0.73 Minas 125.53 0.73 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 113.89 -0.55 Jet Kerosene 132.25 1.75 US$/barrel Opec Oil
      77 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      99 24 As on 15 February 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT APR2012 1731.60 1729.80 1728.00 7 CURRENCY AUD-USD FUT MAR2012 1.0728 1.0691 1.0678 15 EUR-USD FUT MAR2012 1.3192 1.3055 1.3070 9235 BASE METAL COPPER FUT MAR2012 8504 8365 8380 549
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    • Article
      Lock icon SGX FUTURES
      168 24 Feb 16 SICOM RUBBER Futures (Closing prices) RSS 3(US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 12 397.0 393.0 396.0 16 387 Apr 12 401.0 111 May 12 406.0 406.0 405.2 4 214 Jun 12 407.7 60 236 Jul 12 406.5 128 Aug 12
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    • Article
      Lock icon LONDON METALS
      65 24 Feb 15 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2156.75 2173.75 3 months 2200.00 2215.00 Copper, Grade A(US$/tonne) Cash 8351.00 8393.00 3 months 8370.00 8415.00 Lead(US$/tonne) Cash 2029.50 2041.00 3 months 2062.00 2074.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
      65 words
    • Article
      Lock icon CHICAGO BOT
      107 24 Feb 15 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 12 1261.00 1255.00 1269.00 1249.00 May 12 1268.75 1262.50 1276.50 1256.50 Jul 12 1277.50 1271.25 1285.00 1265.00 Aug 12 1274.00 1268.50 1280.00 1270.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Mar 12 53.35
      107 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      78 24 Feb 16 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 17-May-12 0.33 1-Year BY*****W 01-Nov-12 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 99.93 5-Year N*****0W 1.125 01-Apr-16 102.62 3-Month 10-Year NX*****X 2.250
      78 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      457 24 Feb 16 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.5225 0 2197 Jun12 99.5000 0 1786 Sep12 99.4700 0 1128 Dec12 99.4400 0 1048 EUROYEN TIBOR FUTURES Mar12 99.6700 99.6700 99.6700 99.6700 0 1895 Jun12 99.6700 0 1429 Sep12 99.6900 99.6900 99.6750 99.6650 0 679
      457 words
    • Article
      Lock icon LIFFE
      80 24 Feb 15 COCOA (£/tonne) Close Prev High/Low Mar 12 1552 1479 1556/1480 May 12 1555 1483 1560/1490 Jul 12 1564 1498 1569/1506 Sep 12 1565 1505 1570/1511 COFFEE(US$/tonne) Close Prev High/Low Mar 12 2143 2110 2144/2076 May 12 1979 1954 1980/1916 Jul 12 1994 1977 1995/1940 Sep 12 2010
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1322 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 130 33.00 27 Prem Baker Technology Ltd W*****6 6 2 10 1 32 13 5.58 9 Best World Intl Ltd W*****5 2 1 30 79
      1,322 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 24 Feb 16 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.070 6.733 0.821 8.286 52.787 96.588 0.840 12.095 3.267 1.291 96.903 45.783 1.355 8.327 0.991 31.617 32.978 0.681 1.068 Canada 0.934 6.291
      470 words
    • Article
      Lock icon SIBOR
      65 24 Feb 16 ID4SI 1 mifi a? vm njiTJi 2 mlh» a now 3 iwi'i i.i p.ij'i oat*.' frfllfri Ii75»71 UACAfi »mP" »»»;t3 MWI i J SWAP GNtr rate (s») rrnh* 3 milii 0*7*73 0 “hi J V7tM •4 -M., n oic? Tlnrltr WiW Mill rat« Vfr 0.0733 1 »<\
      65 words
    • Article
      Lock icon PRECIOUS METALS
      138 24 Feb 16 GOLD(US$/oz) Feb 16 Feb 15 Hong Kong 1724.00 1734.00 Feb 15 Feb 15 Feb 14 London 1728.44 1721.00 1729.66 1721.75 Source: Thomson Reuters CAST BAR Feb 16 (S$) Selling Buying Kilobar "75,441.42" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 169 70 5gm 480 352 10gm
      138 words
    • Article
      Lock icon PALM OIL
      57 24 Feb 16 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Mar 12 3163.0 3175.0 3185.0 3151.0 412 5679 Apr 12 3175.0 3186.0 3198.0 3166.0 6784 ***** May 12 3180.0 3189.0 3202.0 3169.0 ***** ***** Jun 12 3169.0 3187.0
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    • Article
      Lock icon STOCK INDEX FUTURES
      24 24 Feb 16 Open High Sett STI Feb 2977.0 SIMSCI Feb 346.7 347.2 342.2 Taiwan Feb 285.2 286.2 281.4 Source: SGX Derivatives
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 24 Feb 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3543 1.3549 1.0684 1.0685 Canadian dollar 1.2652 1.2661 0.9981 0.9985 Euro 1.6504 1.6513 1.3020 1.3023 NZ dollar 1.0491 1.0499 0.8276 0.8280 Sterling pound 1.9880 1.9890 1.5683 1.5686
      154 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 24 Feb 16 S$ Bid Offer 1-month 1.2676 1.2680 2-months 1.2676 1.2680 3-months 1.2674 1.2678 6-months 1.2661 1.2667 Source: OCBC
      22 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 24 As at 9am Feb 16 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.383 1.318 Can dollar 1.288 1.239 Euro 1.682 1.618 Sterling pound 2.022 1.945 NZ dollar 1.082 1.031 US dollar 1.285 1.236 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 24 Feb 16 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.50 0.30 3 months 0.65 0.45 6 months 0.90 0.70 9 months 1.05 0.85 12
      154 words
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  • Article
    Lock icon The Business Times Shipping times
    4726 25 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination Destination STXPO
    4,726 words
  • Page 25 Advertisements
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  • Page 26 Advertisements
    • Advertisement
      Lock icon Page 26 Advertisements Column 1
      145 26 Shipping lines seeking reliable logistics partners Can they find your services here in the Shipping Times? I 1 FORWARDER urgently needed by shippers n they find your services re in the Shipping Times? ADVERTISI JOE WON AT 9620 1 m THE RESULTS ARE CLEAR u SPH newspapers are QOOCl tools
      145 words
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  • PURSUITS
    • Article, Illustration
      Lock icon London aspires to its lofty Spire
      740 27  -  London’s new fixture on its skyline, The Shard, is conceived as a 24-hour vertical city within a city, reports KATY LEE reportsKATY KATY LEE AFP GAZING over London from the top of the Shard, the European Union’s tallest building, “will feel like flying", says
      AFP; PHOTOS: AFP, AP  -  740 words
    • Article, Illustration
      Lock icon A diminished effect
      369 27  -  BOOK REVIEW By CHRISTOPHER LIM THERE’S nothing wrong with using a novel to stoke anticipation for a game, but when the franchise in question is Mass Effect one of the best science fiction role-playing narratives the yarn had better be good. Mass Effect: Deception is the last
      369 words
    • AROUNDTOWN
      • Article, Illustration
        Lock icon The art of Noise
        193 27 Hear Noise Singapore 2012 Festival resound for the seventh time, with exhibitions and upcoming concerts showcasing budding local talents. View exhibitions including works by this year’s winning Noise artists Daniel Yu (art and design), Ang Song Nian (photography) and Jaime Wong (music), design your own MUJI
        PHOTOS: NOISE SINGAPORE  -  193 words
      • Article
        Lock icon Carrabba’s acoustic alchemy
        114 27 Groove to the acoustic tunes played by Dashboard Confessional lead singer and guitarist Chris Carrabba in a one-night solo concert at the Esplanade Concert Hall. Expect a range of Dashboard’s songs including those from the latest re-re-lease of the band’s first album The Swiss Army Romance as
        114 words
      • Article, Illustration
        Lock icon Go for The Real Thing
        129 27 Travel back in time to 1982 London, with The Stage Club’s remake of Tony Award winner Tom Stoppard’s The Real Thing (above, right), to be performed at the DBS Arts Centre. The play revolves around the af-fair-turned-relationship between Hen- ry, a married playwright, and Annie,
        129 words
      • Article
        Lock icon Colours of a teen palette
        167 27  -  Compiled by RACHEL LOI Catch local child artist Dawn Kwan’s latest solo exhibition, Colours of Instinct, at the newly opened gallery-restaurant, 7Adam. Since she was five years old, Dawn has painted over 300 art pieces and taken part in several exhibitions including solo exhibitions in
        167 words
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  • WINE/PURSUITS
    • Article, Illustration
      Lock icon White-hot pairings
      972 28  -  By CHRISTOPHER LIM WHITE wines still lag behind their red cousins at dinner tables here despite their proven affinity with Asian food. But as a round of recent food and wine pairings show, whites deserve more credit than they currently get. For example, a wine dinner last Friday
      PHOTOS: VEGA SICILIA FAMILY, HUGEL ET FILS  -  972 words
    • Article, Illustration
      Lock icon Fight choreography
      514 28  -  GAMING REVIEW By CHRISTOPHER LIM CONVENTIONAL novelists rarely write games so when best-selling fantasy author R A Salvatore wrote the plot and dialogue for Kingdoms of Amalur: Reckoning and award-win-ning artist Todd McFarlane designed the aesthetics for the action role-play-ing game (RPG), expectations were high. And Reckoning delivers
      514 words
    • Article, Illustration
      Lock icon First duty of a wine
      1098 28  -  Pleasure is the single, overarching quality that any wine must possess, writes N K YONG writesN N K YONG THE first duty of a wine is to give pleasure. That is so obvious that it should not need putting into as many words, yet it
      AFP  -  1,098 words
    • Article, Illustration
      Lock icon Pets’ culinary upgrade
      484 28  -  By WILLIAM GRIMES AP TONIGHT, thousands of Americans will sit down to a dinner of warmed-up leftovers or delivery pizza. Their dogs and cats, meanwhile, will feast like epicureans, beneficiaries of a foodie revolution that has transformed many kitchens into four-star restaurants for pets. Cats who used
      AP  -  484 words
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  • ARTS
    • Article, Illustration
      Lock icon Christie’s art sale hits post-2008 high
      867 29  -  By SOUREN MELIKIAN NYT A RAGE to buy almost any work seemed to possess bidders as Christie’s sold post-war and contemporary art on Tuesday evening. Within 11/2 hours, 58 of the 65 lots that came on the block had sold for more than £80.5
      NYT; AP  -  867 words
    • Article, Illustration
      Lock icon Amped up Laneway
      535 29  -  Canadian singer Feist and French electro-pop act M83 added star power to the Laneway Festival, noted for its fresh-faced acts, reviews DYLAN TAN reviewsDYLAN reviewsDYLAN TAN AS IF to make up for the downpour last year, there was an abundance of sunshine at this year’s edition of
      PHOTOS: CHUGG ENTERTAINMENT  -  535 words
    • Article, Illustration
      Lock icon Dance theatre’s rites of passage
      423 29  -  M1 FRINGE FESTIVAL By NATALIE KOH THE relationship between God and the Catholics is never an easy one, but a visiting Italian dance group will bring a new perspective in Inri, as part of the M1 Fringe Festival. In tandem with the festival’s theme of
      CIE. ZEROGRAMMI  -  423 words
    • Article, Illustration
      Lock icon Classic takes a nosedive
      482 29  -  By NATALIE KOH DON’T be fooled by the caption, “with English subtitles”, that accompanies promotional write-ups for Cyrano De Bergerac, the debut production of new theatre group, French Stage. A more accurate caption would read, “with scene descriptions in English”, because that’s precisely what they were:
      482 words
  • Page 29 Miscellaneous
    • Miscellaneous
      Lock icon Page 29 Miscellaneous Column 1
      328 29 CRYPTIC CROSSWORD Across 1 Biblical book provides joy to a clergyman (10) 9 Not a serious quarrel though it turns very noisy (4) 10 Manage to give a little publicity to the head of department (10) 11 Resolve to pay one’s debts (6) 12 Undercooked morsel that’s eaten (7) 15
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  • ENTERTAINMENT
    • Article, Illustration
      Lock icon Asian aces in filmfest
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      Lock icon Aye, aye to CGI candy
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      Lock icon Out of the ballpark
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      Lock icon New voices, old repertoire
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  • CINEMA/COVER STORY
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      Lock icon Rider up in smoke
      383 31  -  By RACHEL LOI Prepare to be smoked, literally, once again by the de-mon-hunting biker-skeleton comic book anti-hero that’s Ghost Rider. Despite the first film being critically panned, it went down well enough with movie-going audiences for Nicholas Cage (but not Eva Mendes) to return once again
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      Lock icon Staying one step ahead of the trends
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  • executive lifestyle
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      Lock icon Click for a cause
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