The Business Times, 20 April 2012

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Total Pages: 40
1 42 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Friday, April 20, 2012
    25 words
  • 896 1  -  URA says it has no plans to come up with guidelines on minimum strata sizes for now By KALPANA RASHIWALA [SINGAPORE] While condos and strata industrial units must meet certain size requirements, strata office and shop units can still stay tiny at least
    LUDWIG ILIO  -  896 words
  • MARKETS DIGEST
    • 110 1 US$ S$ US$ (S$ per US$) 1.250 (US$/S$ per 1.606 2.008 EURO (US$/S$/E) 1.314 1.643 Foreign currency per US$ S$ YEN 81.50 65.20 RM 3.064 2.450 HK$ 7.760 6.207 BAHT 30.87 24.69 RUPIAH 9,182 7,344 RENMINBI 6.307 5.044 INDIAN RUPEE 51.80 41.43 A$ 0.964 0.771 NZ$ 1.223 0.978 KL
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    • 28 1 WKiAKlfttr j.ia MALAYSIA „,„6V. IION£ KONG Vt#I iMooNesv ***** iAIY/AN JAPAN 1 Oi J II WHTWN .05." US _s.*v i-AWWJA IX WinifHAWn 0>* thOIA Source: Bloomberg
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  • 815 1  -  Yields stay high as some think bailout may be inevitable By NEIL BEHRMANN in London SPAIN and France managed to sell all their bonds at their auctions yesterday, but investors were wary and European stocks, bonds and the euro lurched downwards.
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  • Page 1 Advertisements
    • 85 1 COMPANIES Fragrance’s GPH to raise $117m in IPO PAGE 8 STYLISH HOMES A five-page special supplement on luxury living PAGES 31-35 OLYMPUS Fireworks expected at shareholder meeting PAGE 6 ARTS SAM kicks off series on S’pore’s pioneering artists page40 EXECUTIVE LIFESTYLE JIVING TO NEW JAVA I PAGE 36 *****1 *****4
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  • TOP STORIES
    • 1024 2  -  Volume down after cooling measures but prices have not changed much By SHU-CHING JEAN CHEN in Hong Kong NINE years have passed since Beijing embarked on a programme to cool China’s overheating housing market. Only recently have its tightening measures started
      REUTERS  -  1,024 words
    • 584 2  -  By GRACE LEONG [SINGAPORE] Family members of a former OCBC relationship manager (RM) who siphoned $4.83 million from bank clients’ accounts are a step closer to getting their own assets unfrozen. High Court Justice Woo Bih Li yesterday ordered the lifting
      584 words
    • 599 2  -  By LYNETTE KHOO [SINGAPORE] A former China Sky director has chosen the wrong process in bringing his case against the Singapore Exchange (SGX) to court, the lawyer representing SGX argued yesterday. Senior Counsel Davinder Singh, chief executive of Drew Napier, told the
      599 words
    • THREE-MINUTE DIGEST
      • 66 2 WHILE condos and strata industrial units must meet certain size requirements, strata office and shop units can still stay tiny at least for now. From a developer’s perspective, small commercial units keep lumpsum prices affordable while achieving high per square foot prices of
        66 words
      • 35 2 SPAIN and France managed to sell all their bonds at their auctions yesterday, but investors were wary and European stocks, bonds and the euro lurched downwards.
        35 words
      • 66 2 GLOBAL Premium Hotels, the hospitality arm of property company Fragrance Group, is launching 450 million new shares at $0.26 per share under its initial public offering on the Singapore Exchange. Thirteen million shares will be offered to the public and 437 million
        66 words
      • 65 2 KEPPEL Corporation hauled in its largest ever quarterly profit of $750.7 million in the first quarter of 2012, more than double the $311.5 million it earned in the comparable period last year. The property division turned in $393 million or about half of
        65 words
      • 57 2 THE Action Community for Entrepreneurship is setting up a task force to help create more technology firms that can separate themselves from the crowd. The ACE Tech-Connect Task Force will seek to link enterprises with a ready pool of technology
        57 words
      • 67 2 RESIDENTIAL developments launched over the past week continue to be snapped up like hot cakes, despite their increasingly hefty price tags. UOL’s Katong Regency, which was soft launched barely two days ago, was said to have sold around 70 per cent of
        67 words
      • 58 2 SALES of previously owned US homes in March unexpectedly fell for the third time in the last four months, showing an uneven recovery in the housing market. Purchases dropped 2.6 per cent to a 4.48 million annual rate from 4.6 million in
        58 words
    • 350 2 [SINGAPORE] The Singapore Cricket Club’s annual general meeting next Tuesday could see an interesting match-up with a slate of newcomers led by a popular former senior military man challenging incumbents for the general committee (GC) posts. Col Gurcharan Singh, 74, (known
      350 words
    • 64 2 IN the story headlined “MOM to take action against bosses who discriminate” published yesterday (April 19), we reported that there are 10 winners for the Tafep Exemplary Award 2012. Tafep has clarified there are five winners for the award. Tafep said that, in addition to the Exemplary Award, five
      64 words
    • 727 6  -  Former CEO hints at ‘surprises’ when shareholders meet to approve new board By ANTHONY ROWLEY in Tokyo JAPAN’S Olympus affair, which became an international cause celebre after its British former chief executive Michael Woodford was fired last year for blowing the whistle on fraudulent financial
      AP  -  727 words
    • 557 6  -  By NEETA LAL in New Delhi THE man who pioneered budget air travel in India is preparing for a comeback. G R Gopinath, who launched Air Deccan, India’s first budget carrier in 2003, has got the go-ahead to start another scheduled carrier. Air
      BLOOMBERG  -  557 words
    • 579 6 Watchdog wants to hold banks liable for faulty documents Reuters [HONG KONG] Hong Kong’s financial market watchdog will launch a public consultation in the next couple of weeks that seeks to toughen rules for banks sponsoring initial public offerings (IPOs), including holding them
      Reuters  -  579 words
  • Page 2 Advertisements
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    • 8 2 FRONT PAGE FRONT PAGE COMPANY NEWS, PAGE 8
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    • 15 2 COMPANY NEWS, PAGE 11 SINGAPORE NEWS, PAGE 13 SINGAPORE NEWS, PAGE 13 WORLD, PAGE 17
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  • Page 3 Advertisements
    • 225 3 Or io H ft a xfyt *>r 9b. m >1 :*.vJ ate m w* a s? I a *r v >• VI '4k >+ 1# wh ‘O m m i 1 1! c ks: V ■»«> A PI ■V^ V 1 a i. p R R ys is V 22
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  • Page 4/5 Advertisements
    • 92 4/5 LUXURY COLLECTION 2012 SCULPTURA ARDMORE 8 ARDMORE PARK global ooi^Aa r r T: +65 6100 2323 WWW.SCGLOBAL.COM.SG I W Hi lr J I f--inaii i 1 i i vS; J*P. Developer: Covenson Pte Ltd Company Registration No: *****7108Z Developers License No: C0858 Expected Date of Delivery of Vacant Possession: (31st
      92 words

  • Page 6 Advertisements
    • 1049 6 Keppel Corporation Limited Co Reg No: *****0351N (Incorporated in the Republic of Singapore) First Quarter 2012 Financial Statement 1. UNAUDITED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2012 The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the first quarter ended 31 March
      1,049 words

  • Page 7 Advertisements
    • 169 7 watches of Switzerland 31-1 1 <0> ffllEi Heuer Car^ er B V LG A R BREITLING a. liXIWt HEBXtS -3^ AT ss. H Jr Ltj A r-“. -c ft ft i > fe. ■CV Established in Singapore over 35 years ago, Watches of Switzerland retails the best in Swiss-made timepieces
      169 words

  • Page 8 Advertisements
    • 54 8 Improve Your i Financial! Quotient i cwof*' |V.UC h Go*d"*" Morgan t/\to '-Or, on 3} KV n* I VV4 Save almost 40% when you subscribe to The Business Times Sharelnvestor! Promotion ends 6 May 2012. Act now! To subscribe, please call 6388 3838 or email circs@sph.com.sg Sf£l The Business Times
      54 words
  • COMPANY NEWS
    • 470 8  -  IPO invitation closes on April 24; trading expected to start on SGX on April 26 NEW LISTINGS By NISHA RAMCHANDANI GLOBAL Premium Hotels (GPH), the hospitality arm of property company Fragrance Group, is launching 450 million new shares at $0.26 per share under
      470 words
    • 259 8  -  By JOSHUA TAN SINGAPOREAN-OWNED property developer Starland Holdings yesterday launched its IPO for a Catalist listing, aiming to raise about $4.9 million from the issue of 22.2 million new shares at 22 cents apiece. It plans to use the estimated net proceeds of
      259 words
    • 616 8  -  Over 20% of Reit’s portfolio undergoing enhancements By MICHELLE TAN AIMS AMP Capital Industrial Reit intends to “sweat” its assets over the next few years by raising the overall quality of its portfolio to provide better returns for its shareholders, said
      616 words
    • COMPANY BRIEFS
      • 40 8 NERA Telecommunications posted a turnover of $43.5 million for the first quarter ended March 31, up 21 per cent year on year. Profit after taxation more than doubled to $6.5 million from $2.3 million.
        40 words
      • 35 8 COSCO Corporation (Singapore) unit has secured a contract to construct two units of self-erecting drilling tender barges valued at over US$220 million, with an option for an additional two barges.
        35 words
      • 43 8 SABANA Shari’ah Compliant Industrial Real Estate Investment Trust posted a distribution per unit (DPU) of 2.26 cents for the first quarter ended March 31. It reaped a distributable income of $14.45 million in the quarter.
        43 words
      • 41 8 CHINA Fibretech expects to report materially lower revenue and a loss before taxation for Q1 2012 compared with Q1 2011. The lower revenue was due mainly to a drop in demand for its fabric-processing services.
        41 words
      • 32 8 HOTEL Properties has appointed DBS Bank and Standard Chartered Bank as joint lead managers and bookrunners to consider an issuance of Singapore dollar-denominated perpetual capital securities.
        32 words
    • 319 8  -  By LIM WEI SHENG MAPLETREE Logistics Trust (MLT) delivered a distribution per unit (DPU) of 1.7 cents for the three months ended March 31, 2012, a 9.7 per cent increase from 1.55 cents in the same period last year. Gross revenue for the quarter was
      319 words
    • 603 8  -  HOCK LOCK SIEW By TEH HOOI LING NOT many companies listed on the Singapore Exchange have the history and pedigree of Intraco. In 1968, the Singapore government set up the $50-million trading company and tasked it to assist in the creation of export markets
      603 words
    • 539 11  -  It posts $750.7m net earnings in Q1; marine segment contributes $235m By LYNN KAN KEPPEL Corporation hauled in its largest ever quarterly profit of $750.7 million in the first quarter of 2012, more than double the $311.5 million it earned in the comparable
      539 words
    • 516 11  -  By KENNETH LIM SHARES of Perennial China Retail Trust shot up yesterday following substantial investments from the cofounders of Wilmar International. Perennial’s mainboardlisted stock closed at 53 cents yesterday, up by 7.1 per cent or 3.5 cents. “I think the market is hungry for any
      516 words
    • 224 11 Bloomberg [SYDNEY] FKP Property Group, an Australian real estate developer and manager, jumped by the most in a month after a report that its second-biggest shareholder, Stockland, was close to selling industrial assets prompting speculation it might bid for
      Bloomberg  -  224 words
    • 531 12  -  Sophistication of region’s consumers drives development for rest of world By CONRAD TAN CITIGROUP is investing heavily in its operations in Asia as it bets that the region will be a major driver of growth in its business for years to come. The sophistication
      531 words
    • 1062 12 Bloomberg [HONG KONG] Profit warnings, auditor disputes and delistings involving Chinese companies trading on foreign exchanges are fuelling investor distrust, wiping out valuations and poisoning the market for new listings. The 180 Chinese firms that went public in New York, Hong Kong
      Bloomberg  -  1,062 words
    • 377 12  -  Unitholders’ share is $11.2m; DPU for the quarter is 1.74 cents By MINDY TAN FRASERS Commercial Trust (FCOT) yesterday posted total distributable income of $15.9 million for the second quarter ended March 31, a 7.7 per cent year-on-year increase. Of this, unitholders’ share was
      377 words
    • 418 12  -  M’sian tycoon now 2nd largest investor after Peter Lim By JAMIE LEE SHARES of UPP Holdings surged 18 per cent to an all-time high yesterday, after it said Malaysian tycoon Tong Kooi Ong will soon take the helm as
      418 words

  • Page 9 Advertisements
    • 260 9 CONCOURSE SKYLINE A UNIQUE CITY ADDRESS OF UNMATCHED VIEWS I v V uv/ m r. r IS !|t. Bn m ussi c!I (Budi !il n* !BI A iiiiiij iSiiM! f-: SSSi SE> is* r.: Bu f "IBf 1 -i 3 I ,r H I I I ft HE! B* BT1
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  • SINGAPORE MARKETS
    • 533 10  -  Rise in US futures and positive opening on European markets help index end 7.6 points up STOCKS VEN SREENIVASAN Senior Correspondent IT was a somewhat lethargic session on the market, though key indices climbed towards the later part of the afternoon amid a tick-up
      Source:  -  533 words
    • 4 10 DAILY
      4 words
    • 66 10 Apr 19 VALUE CLOSE BT OB/OS -101.00 +178.0 BT CADI -*****.00 +15.0 BT 10-day MA -*****.00 -10.00 FTSE ST Mid Cap 690.91 -0.33 FTSE ST Small Cap 465.18 -0.37 FTSE ST All Share 727.36 +1.36 FTSE ST China Top 223.20 +0.81 FTSE ST China 255.55 +0.64 FTSE
      66 words
    • 55 10 VOLUME JEL Corp 241,441,000 UPP 111,137,000 Elektromotive 101,924,000 SingXpress 78,106,000 Golden Agri 76,288,000 HLH Grp 61,998,000 MDR 55,993,000 Ntegrator 53,568,000 Noble Grp 44,272,000 ChinaFashion 39,767,000 VALUE($) Keppel Corp 57,751,090 Golden Agri 57,714,385 Noble Grp 56,068,700 DBS Grp 55,992,280 SembMar 50,800,650 Genting SP 45,797,705 SingTel 43,216,804 UPP 40,310,230
      55 words
    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 5 4 0 0 0 7 5 4 Manufacturing 48 44 45 11 5 6 59 49 51 Commerce 22 21 17 1 3 5 23 24 22 Tpt/Stor/Comms 18 11 13
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        355 10 Keppel April 19 close: $3.40 OCBC Investment Research, April 19 KEPPEL Land has reported Q1 2012 profit after tax and minority interests (Patmi) of $141.9 million, up 70 per cent y-o-y, mostly due to a bumper contribution from Reflections at Keppel after the handover of deferred payment scheme
        Source: Bloomberg  -  355 words
      • 136 10 Glossary: Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3
        136 words
      • 388 10  -  Compiled by LYNN KAN Perennial China Retail Trust April 19 close: $0.53 CIMB Research, April 19 A CHANGE of shareholding saw Perennial China Retail Trust’s (PCRT) local partner offloading his stake. Kuok Khoon Hong now holds a 17 per cent stake. New additional earn-out amount negotiated
        388 words
    • 119 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,422 16,422 76,817 76,817 Manufacturing 368,675 256,508 625,183 234,157 5,723 239,881 Commerce 401,821 13,771 415,592 110,874 782 111,656 Tpt/Stor/Comms 85,775 19,421 105,196 119,240 5,856 125,096 Finance 13,071 13,071 119,772 119,772 Construction 106,916 26,613 133,529 7,570
      119 words
    • 110 10 Stock name Close Change Stock name Close Change CapMallsAsia 1.585 +0.005 CapitaLand 2.940 +0.010 CapitaMall 1.855 +0.015 CityDev 10.540 +0.090 ComfortDelGro 1.520 -0.005 DBS Grp 13.650 +0.140 F&N 6.750 +0.010 GLP 2.080 -0.020 Genting SP 1.715 -0.010 Golden Agri 0.760 HK Land 6.230 -0.070 JMH 51.690
      110 words
    • 427 10 CURRENCIES Reuters [NEW YORK] The euro fell for a third straight session against the US dollar yesterday despite a decent Spanish bond sale, as investors remained sceptical about funding issues in the eurozone. The euro also tracked the rise in credit default swaps and
      Reuters; REUTERS  -  427 words
    • 114 10 BY CENTS CLOSE UP DBXT SPASX200 10US$ 3440 135.0 3.2 DBXT MSUSA 10US$ 3377 78.7 1.9 DBXT MSTHAI 10US$ 1849 55.0 2.4 IS S&P500 ***** 48.7 0.3 DBXT FTChina25 10US$ 2807 42.5 1.2 SIA 200 1070 33.0 3.2 DBXT MSJAP 10US$ 3715 22.5 0.5 IS MSCI Spore 1285 22.5
      114 words
    • 125 10 BY CENTS CLOSE DOWN OCBC Bk 4.5%NCPS 100 ***** -48.0 -0.5 Jardine C&C 4745 -45.0 -0.9 DBXT FTVietnam 10US$ 2602 -42.5 -1.3 APStrategic 56 -19.0 -25.3 JMH 5169 -16.3 -0.3 DBXT S&P Short 10US$ 3719 -15.0 -0.3 GLD 10US$ ***** -13.8 -0.1 DBXT MSINDO 10us$ 1503 -12.5 -0.7 DBXT
      125 words
    • 5 10 DAILY
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  • Page 11 Advertisements
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      373 words
    • 206 11 Till SB 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 e a S£... ‘Sit: 5 i |U j -m fh* ..*•< a- 1 ;t
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  • Page 12 Advertisements
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  • SINGAPORE NEWS
    • 493 13  -  Projects at Katong, Bishan sell briskly at $1,500-1,700 psf By MICHELLE TAN RESIDENTIAL developments launched over the past week continue to be snapped up like hot cakes, despite their increasingly hefty price tags. UOL’s Katong Regency, which was soft launched barely two
      493 words
    • 385 13  -  By MINDY TAN A 1.31 HECTARE land parcel at Kaki Bukit Road 5 was launched for sale by public tender yesterday, the third out of 16 industrial sites to be released for sale under the confirmed list of the first half
      Source: URA  -  385 words
    • 347 13  -  Mercer survey also found Gen X and women to be dissatisfied with pay By AMANDA EBER SINGAPORE’S job market may have rebounded, but that has not translated into satisfied employees particularly among Gen X and women. One of the most worrying trends identified
      347 words
    • 524 13  -  ACE seeks to help researchers commercialise their patents, and grow their enterprises By FELDA CHAY THE Action Community for Entrepreneurship (ACE) is setting up a task force to help create more technology firms that can separate themselves from the crowd.
      524 words
  • Page 13 Advertisements
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      481 words

  • ECONOMY WATCH
    • 463 14 Reuters [WELLINGTON] New Zealand’s annual inflation slowed a shade in the March quarter, reinforcing expectations that interest rates will be held at a record low for longer to support the patchy economic recovery. The consumer price index rose 0.5 per cent in
      Reuters  -  463 words
    • 642 14 Trade shortfall hits 4.410t yen as energy costs continue to take a toll AFP [TOKYO] Japan yesterday posted a record trade deficit for fiscal 2011 as the quake-tsunami disaster and ensuing nuclear crisis sent car and electronics exports tumbling and energy imports
      AFP; REUTERS  -  642 words
    • 598 14 Reuters [SYDNEY] Australia’s economy will struggle to meet lofty expectations this year, caught between a painfully high currency and a pen-ny-pinching consumer, though it should still outperform its peers thanks to a once-in-a-century mining boom. A Reuters poll of analysts found they expected Australia’s
      Reuters; AFP  -  598 words
  • Page 14 Advertisements
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      43 words

  • MALAYSIA/INDONESIA
    • 385 15 KL, S’pore to name foreign consultant to study project, decide best options [KUALA LUMPUR] The Malaysia and Singapore governments will appoint a foreign consultant by early next month to undertake a detailed study on the proposed Rapid Transit System (RTS) linking Johor
      385 words
    • 453 15 Xinhua AP [JAKARTA] As many as 188 regencies and cities in Indonesia are highly prone to tsunami and another 33 are in moderate risk out of the total 497. Sutopo Purwo Nugroho, head of Data Center, Information and Public Relations at the
      Xinhua; AP; REUTERS  -  453 words
    • 439 15  -  Q1 profit rose just 1 year-on-year on GE, eurozone concerns By PAULINE NG in Kuala Lumpur A MARCH rally did little to boost the earnings of Bursa Malaysia Bhd, which turned in a profit of RM40.8 million (S$16.6 million) for the first quarter, only one
      439 words
    • 280 15 Reuters [KUALA LUMPUR] Malaysian farmers investment cooperative KPF has voted in favour of a controversial US$2 billion listing of a state-linked palm oil firm, a government minister said yesterday, in the face of objections from the opposition. Minister in charge of the
      Reuters  -  280 words
  • Page 15 Advertisements
    • 2955 15 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF BLUE HORIZON PROPERTIES PTE LTD (CO REG NO.*****6204H) (Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the Members of BLUE HORIZON PROPERTIES PTE LTD, duly convened and
      2,955 words
    • 186 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JCH SERVICES PTE. LTD. Company Regn No *****2294G (In Members’ Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final General Meeting of the members of the
      186 words

  • CHINA/INDIA
    • 398 16 Deficit will continue to pressure rupee; trade seen slowing in this financial year Bloomberg [NEW DELHI] India’s trade deficit widened 56 per cent in the fiscal year to March to a record US$184.9 billion, adding pressure on the rupee, government data
      Bloomberg  -  398 words
    • 152 16 [NEW DELHI] India announced yesterday that it had successfully test launched a new nuclear-capable missile that would give it, for the first time, the capability of striking the major Chinese cities of Beijing and Shanghai. The government has hailed the Agni-V missile, with a range
      AP  -  152 words
    • 370 16 It will cut reserve requirements, boost liquidity, says official AFP [SHANGHAI] China will ease monetary policy and boost liquidity in the financial system with a series of measures, state media cited a central bank official as saying, in a bid to avoid
      AFP  -  370 words
    • 274 16 Reuters [MUMBAI] State-run Indian banks are likely to give in to a government directive and lower lending and deposit rates within the next few days after the central bank made a deeper than expected cut to its policy rate on Tuesday. Banks had been reluctant
      Reuters  -  274 words
  • Page 16 Advertisements
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      88 words

  • WORLD
    • 603 17 Third fall in four months highlight uneven nature of recovery: analysts LATEST US DATA Bloomberg [WASHINGTON] Sales of previously owned US homes in March unexpectedly fell for the third time in the last four months, showing an uneven recovery in the
      Bloomberg  -  603 words
    • WORLD WATCH
      • 104 17 AFP [HELSINKI] Mobile phone manufacturer Nokia reported a quarterly net loss far worse than expected yesterday and reshuffled its global team. Nokia issued a profit warning last week, but the net loss of 929 million euros (S$1.5 billion) in the first quarter of the
        AFP  -  104 words
      • 98 17 Bloomberg [NEW YORK] Bank of America Corp, the second-largest US lender, said that first-quarter profit rose amid a rebound in trading and better credit quality. Profit excluding certain one-time items increased about 40 per cent to US$3.7 billion, or 31 US cents a
        Bloomberg  -  98 words
      • 99 17 Bloomberg [NEW YORK] Morgan Stanley, owner of the world’s largest brokerage, reported first-quarter results that beat analysts’ estimates. The net loss of US$94 million, or six US cents a share, compared with profit of US$968 million, or 50 US cents, a year earlier. Excluding accounting charges
        Bloomberg  -  99 words
      • 93 17 Bloomberg [NEW YORK] New York Times Co, publisher of the namesake newspaper, reported a more than sevenfold rise in first-quarter profit after reaping gains on the sale of regional publications. Net income rose to US$42.1 million, or 28 US cents a share,
        Bloomberg  -  93 words
      • 95 17 Reuters [BARCELONA] Spain’s CaixaBank posted an 84 per cent plunge in first-quarter profit after setting aside 2.4 billion euros (S$3.9 billion) as part of the country’s drive to rid itself of soured property assets and win back investor confidence. Net profit at CaixaBank fell to
        Reuters  -  95 words
      • 84 17 Reuters [NEW YORK] American Express Co posted a strong first-quarter profit, as its customers spent more on their credit cards while redeeming fewer rewards. Net income was US$1.26 billion, or US$1.07 per share, up 6.8 per cent, compared with US$1.18 billion, or 97
        Reuters  -  84 words
      • 57 17 Bloomberg [SYDNEY] The Qantas Airways Ltd A380 that suffered a mid-air engine explosion some 18 months ago will return to the skies today after repairs costing A$139 million (S$180 million). It will fly back to Sydney from Singapore following the work, which was paid
        Bloomberg  -  57 words
    • 573 17  -  By LEE U-WEN [SINGAPORE] They have been knocked out of four competitions already this season and face a nervy finish in their quest for another league title, but one thing remains certain Manchester United is still the world’s richest sports club.
      BLOOMBERG  -  573 words
    • 412 17 Move opens way to potential trade and investment bonanza AFP [BRUSSELS] EU nations are set to suspend sanctions against Myanmar for a year, opening the way to a potential trade and investment bonanza with over 800 firms, European Union diplomats said yesterday. “There is
      AFP  -  412 words
    • 632 17 Investors’ actions show that they disregard ratings Bloomberg [COPENHAGEN] Denmark’s biggest banks are firing Moody’s Investors Service as they win assurances from some of the country’s biggest investors that the opinions of ratings companies hold limited value. Nykredit A/S, Denmark’s biggest mortgage lender
      Bloomberg  -  632 words
    • 323 17 Reuters [TOKYO] The months-long hunt for the next chairman of Tokyo Electric Power Co (Tepco) ended yesterday after Kazuhiko Shimokobe, a lawyer with expertise in turning around businesses and a member of the bailout body for the firm, accepted an offer to run the
      Reuters  -  323 words
    • 798 18 Economic gender gap costing region US$89b a year in lost productivity AP [SHANGHAI] The two billion women living in Asia are still earning less than men for similar work and are extremely under-repre-sented in top leadership positions, according to
      AP  -  798 words
    • 794 18 AP [PUERTO VALLARTA, Mexico] Selling soya beans, iron and copper ore and other commodities to Asian countries has transformed Latin America over the past decade, stabilising economies despite worldwide crises and lifting tens of millions of people into the middle class. Now,
      AP  -  794 words
    • 422 18 AP [SYDNEY] Tobacco companies have accused the Australian government of destroying the worth of their trademarks by forcing them to strip logos off cigarette packs as a court battle over the world’s toughest laws on cigarette promotion drew to a close
      AP  -  422 words
    • 545 19 Reuters [SAN FRANCISCO] Advertisers are going for Facebook as athletes go for the gold, in the first Olympic Games where marketers are placing such high hopes on social media to create a buzz for their brands. With the London Summer Olympics less than
      Reuters  -  545 words
    • 590 19 European debt crisis, slowing US economy will still dampen region’s growth rate Reuters [SINGAPORE] Asia’s economic growth probably troughed in the first quarter but a bounce-back may be muted, a Reuters poll showed. Although the fear factor has faded
      Reuters  -  590 words
    • 378 19 iSS REUTERS BREAKINGVIEWS [HONG KONG] It’s not Japan’s fault that the country is losing foreign CEOs. The country’s insular culture may have added to the frustration of departing bosses at Nippon Sheet Glass (NSG), Olympus and even Nomura. But merger pains, fraud and
      378 words
    • 585 20 Unctad conference in Doha to debate economic factors such as income inequality that fuel popular uprisings AFP [DOHA] A host of world leaders, global CEOs and experts will attend the third World Investment Forum today to debate the economic causes of Arab unrest
      AFP  -  585 words
    • 582 20 Retail users register sales rising 57%, returns falling 35% AFP [TALLINN, Estonia] Fashion fans have one more reason to swap brick-and-mortar shops for online retailers: a company in tech-savvy Estonia has come up with a way to let you try on new clothes on
      AFP  -  582 words
    • 666 20 Reuters [MELBOURNE] Rio Tinto took a big step towards owning a massive copper and gold project in Mongolia and diversifying from iron ore, after agreeing to buy more shares in developer Ivanhoe Mines Ltd and guaranteeing US$3.3 billion needed to open the
      Reuters; REUTERS  -  666 words
    • 407 20 AFP [TOKYO] Japan could fall out of the league of developed nations by 2050 as a shrinking and greying population as well as slowing productivity make its economy contract, a think tank has warned. The 21st Century Public Policy Institute said a dwindling
      AFP  -  407 words

  • Page 18 Advertisements
    • 2142 18 B6ATd NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF SECTION 290 OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF GOODWIN PTE. LTD. (Co. Reg. No: *****3145M) (“the Company”) NOTICE OF SPECIAL RESOLUTION FOR MEMBERS’ VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the members
      2,142 words
    • 413 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SEMITOOL (ASIA) PTE LTD (Incorporated in the Republic of Singapore) (In Members’ Voluntary Liquidation) (Company Registration No.: *****0669N) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS (Pursuant to Section 290(2)(b)) At an Extraordinary General Meeting of the abovenamed
      413 words

  • Page 19 Advertisements
    • 845 19 OPTIMISE YOUR PERFORMANCE DURING TOUGH TIMES Who should attend: VPs, Heads, Directors and Managers (Sales and Marketing, Brand and Product), Marketing Support Professionals, PMEBs, and other general management professionals Register at www.stjobs.sg/seminars STJOB No.l No.1 Recruitment site in Singapore FULL-DAY SEMINAR FULL-DAY WORKSHOPS Be a Sales Marketing Champion! Thursday, 19
      845 words

  • Page 20 Advertisements
    • 29 20 www.omy.sg r r i-X 1 in A. SI MBSVS AS w ic M8§w§*tt;& •*****0 9 eeiis»BBgsj^n SfilSUBfflffijE*! 0 0 0 mmmsm sgblogawards.omy.sg Download FREE QR Code Reader, e.g. BeeTagg
      29 words

  • AVIATION/SHIPPING
    • 390 21  -  Airline issues RFP for regional jets to serve certain routes and airports By VEN SREENIVASAN IN a move which could signal a modification of its business model, SilkAir is considering augmenting its existing A320 fleet with short-haul regional jets. The airline has issued
      FILE PHOTO  -  390 words
    • 423 21 Reuters [DUBAI] India’s Spicejet has been approached by several Gulf-based and South-east Asian airlines but will not jump into negotiations before the government reaches a crucial decision on foreign investment, its chief executive said on Wednesday. “We have been approached by several Gulf
      Reuters  -  423 words
    • 321 21 Move could present substantial, costly logistical challenges Reuters [MUMBAI] India’s Kingfisher Airlines has begun the process of importing aviation fuel, the company said, in a move that could help the cash-strapped carrier bring down its fuel bill but present substantial and costly logistical challenges. High
      Reuters; REUTERS  -  321 words
    • 378 21 Bloomberg [LONDON] The dry-bulk shipping industry may need to expand its fleet by the equivalent of more than 1,300 Capesize vessels over the coming decade to handle an increase in cargoes predicted by Moody’s Investors Service. Dry-bulk trade will rise 3 per cent a
      Bloomberg  -  378 words
    • 254 21 SGX '000 Apr 19 S$ +/-Vol CH Offshore 0.44 0.06 4407 Chuan Hup Hldg 0.23 unch 190 Cosco Corp 1.09 unch 5039 s$ First Ship Lea 0.21 unch 380 Freight Links 0.06 unch 168 Grand Banks 0.19 unch 77 Jaya Hold Ltd 0.56 0.01 364 K1Ventures 0.10 unch
      254 words
    • 227 21 Reuters [VANCOUVER] WestJet Airlines Ltd said on Wednesday it has reached a deal with Thomas Cook Group to be the exclusive airline for the UK travel group’s tour operator business in Canada this coming winter, wresting the business from a competitor. The deal expands an
      Reuters  -  227 words
  • Page 21 Advertisements
    • 281 21 THE SINGAPORE SHIPPING CONFERENCE 2012 Facing Headwm Stress Tests r Js 1 Thursday, 26 April 9.00 am to 6.00 pm Marina Bay Sands Expo and Convention Center Complete Corporate Services Pte be hosting the Singapore Shipping Conference 2012 on Thursday, 26 April 2012 in conjunction with the Singapore Maritime Week
      281 words

  • Page 22/23 Advertisements
    • 173 22/23 Performance p-i/g/gp c r V7 STANDARD IN 3 EVERY AUDI Audi Vorsprung durch Technik The power to perform at will, Set the pace. The new Audi A4. The time has come to harness a new kind of power: smarter, brighter, more Luxurious. With the new Audi A4, you can take
      173 words

  • EDITORIAL & OPINION
    • 527 24 EDITORIAL AS recently as a year ago, financial institutions in Singapore could shrug off the reporting requirements that the United States sought to unilaterally impose on non-US institutions in its effort to crack down on tax evasion among its citizens and permanent residents. But
      527 words
    • 815 24  -  THE BOTTOM LINE DAVID MASON The writer was a partner with Price Waterhouse Singapore for 18 years. He now runs his own consultancy in business communications in the UK. He spends several months a year with clients in Singapore. E-mail: david.mason466@btinternet.com
      815 words
    • 1096 24  -  Economic interests take a backseat, skin and collar colour may swing votes LEON HADAR Washington Correspondent According to conventional wisdom, the outcome of the presidential election in November will be determined (once again) by economic considerations. Most American voters have placed the economy on
      BLOOMBERG  -  1,096 words
    • 1435 25  -  Leaders have to accept that the world has become too complex, and they really don’t have all the answers By B H TAN The writer is president of Lead Associates, a leadership consultancy firm in Singapore. He is the author of The First-Time Manager
      FILE PHOTO  -  1,435 words
    • 950 25  -  fijS REUTERS BREAKINGVIEWS By HUGO DIXON Reuters CAN the euro omelette be unscrambled without provoking the mother of all financial collapses? With the crisis heating up again as Spanish 10-year bond yields hit 6 per cent last week, the question has renewed urgency. The
      Reuters  -  950 words
    • 457 25  -  LETTER TO THE EDITOR Lim Chong Yah ex-chairman, National Wages Council PERMIT me to clear up two fallacies on Economic Restructuring I (ER I), now euphemistically termed Shock Therapy I (1979 to 1981). One is that some learned and responsible opinion claimed that ER I was
      457 words


  • SINGAPORE STOCKS
    • 3111 26 Transaction date: Apr 19 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 123 92.5 AIMSAMPIReit 118.5 -0.5 486 119 117.5 118 118.5 1.7 12
      3,111 words
    • 228 27 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 3.7 1.3 t Advanced System 3.2xri +0.3 2512 3.5 3 3.2 3.4 42.4 Last Quote Div Gr Yld Net M Cap High Low
      228 words
    • 7581 27 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 Aberdeen Asset Mgt Asia Limited AXA Wealth Mat S'pore Pte Ltd Aberdeen Asset Mat Asia Limited Asian Smaller Cos 1 1 6493/ EM Local
      7,581 words
    • 188 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 46 25.5 Genting HK US$ US38 -0.5 1481 38.5 38 38 38.5 2502.1 Vol 201 168 TanChongInt HK192cd 189 192 4.3 3.6 6.4 3866.7 STOCK PRICES LEGEND:
      188 words
    • 928 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 110 ABF SG Bond ETF 118 20 118 118 116.5 118.5 538.6 103 100 CIMB APAC Div 100US$ US101 1 101 101 101.2 102.2 10.6
      928 words


  • FINANCE & COMMODITIES
    • 598 28 Apr 19 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9578.68 9617.93 9565.83 Jun12 9650.00 9665.00 9570.00 9595.00 *****7 *****5 Sep12 9625.00 9625.00 9580.00 9590.00 434 7838 MSCI TAIWAN INDEX FUTURES SPOT 272.72 273.90 270.02 Apr12 272.80 274.00 269.60 273.50 ***** *****6 May12 272.20 273.40
      598 words
    • 373 28 In local curr In S$ In US$ dy yr dy yr dy yr Apr 18 Index Change Change Change Change Change Change World Preliminary 897.8 -0.3 8.2 -0.2 4.6 -0.3 8.5 EAFE Preliminary 725.8 0.0 6.4 0.1 2.9 -0.1 6.8 Europe Preliminary 1066.3 -1.0 3.9
      373 words
    • 113 28 As on 18 April 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT JUN2012 1654.80 1639.10 1639.40 234 CURRENCY AUD-USD FUT JUN2012 1.0335 1.0291 1.0282 1382 EUR-USD FUT JUN2012 1.3141 1.3065 1.3120 2749 BASE METAL COPPER FUT MAY2012 8064 7984 8003 2252
      113 words
    • 107 28 Apr 18 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 12 1407.75 1425.75 1434.00 1403.75 Jul 12 1413.50 1431.50 1440.00 1409.50 Aug 12 1402.00 1419.25 1425.00 1398.00 Sep 12 1368.25 1385.25 1390.25 1363.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 12 55.19
      107 words
    • 76 28 CRUDE OIL PRODUCTS Apr 18 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 116.95 -1.80 WTI (Near Mth) 102.64 -1.61 Dubai (1-Mth F) 114.71 -0.76 Tapis blend 123.61 -1.58 Minas 123.61 -1.58 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 113.61 -0.11 Jet Kerosene 132.27 -0.03 US$/barrel OpecOil Basket
      76 words
    • 22 28 Apr 19 S$ Bid Offer 1-month 1.2498 1.2508 2-months 1.2497 1.2507 3-months 1.2494 1.2505 6-months 1.2483 1.2494 Source: OCBC
      22 words
    • 64 28 Apr 18 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2018.75 2036.75 3 months 2059.00 2077.00 Copper, Grade A(US$/tonne) Cash 8138.00 8164.00 3 months 8050.00 8050.00 Lead(US$/tonne) Cash 2029.00 2057.50 3 months 2045.00 2074.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
      64 words
    • 80 28 Apr 18 COCOA (£/tonne) Close Prev High/Low May 12 1468 1478 1481/1454 Jul 12 1479 1486 1491/1463 Sep 12 1483 1492 1497/1467 Dec 12 1486 1497 1500/1473 COFFEE(US$/tonne) Close Prev High/Low May 12 2019 2003 2023/1995 Jul 12 2029 2014 2032/2006 Sep 12 2034 2019 2037/2012 Nov 12 2024
      80 words
    • 1330 28 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 4 1 150 175 14.00 25 Baker Technology Ltd W*****6 3 1 32 15 10.17 7 Best World Intl Ltd W*****5 0.6 1 30 61 31.67 15 Biosensors
      1,330 words
    • 470 28 Apr 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.027 6.545 0.790 8.054 53.761 95.295 0.846 11.812 3.179 1.269 94.154 44.264 1.298 8.113 0.949 30.630 32.038 0.646 1.038 Canada 0.974 6.374
      470 words
    • 73 28 Apr 19 |UH| IW i mh pjiM* j mil)' U.m«J lUIUti i IflllK twin 0 )«*1 MMU tiDihv 1J -nlM p rffih SWAP Qfltf t.i(K (SSI o^aas i mini njijr. 3 mnn *****8 -0,1 •J r 'jn n w.f 0-Q9W *3 mlh. ij ;r>v4 WAf Mid mi«s COI f*
      73 words
    • 133 28 Apr 19 GDiD lUfi my KOny frilly IS IffJM 19 IGTOC l' 1*1 tii in Apr 19 li«' a&r 1* 1-4. 1i TM&t f CAST liAn (»T> Uu^nj WlMlwr fun; BIO pamp Goto bars OK UHm Pisfru irjrr. i? u Siin •tn .<3» ulj/m <u ;ouim 1531 u;«
      133 words
    • 89 28 Apr 19 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 19-Jul-12 0.28 1-Year BY*****W 01-Nov-12 0.30 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.16 100.21 100.2 5-Year N*****0Z 2.375 01-Apr-17 108.8 108.93 108.86
      89 words
    • 57 28 Apr 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 12 3503.0 3500.0 3490.0 3459.0 686 7441 Jun 12 3489.0 3489.0 3497.0 3450.0 4242 ***** Jul 12 3473.0 3479.0 3487.0 3439.0 ***** ***** Aug 12 3459.0 3460.0
      57 words
    • 154 28 Apr 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2968 1.2985 1.0376 1.0381 Canadian dollar 1.2631 1.2643 1.0106 1.0108 Euro 1.6422 1.6441 1.3140 1.3144 NZ dollar 1.0220 1.0232 0.8177 0.8180 Sterling pound 2.0066 2.0090 1.6055 1.6062
      154 words
    • 121 28 As at 9am Apr 19 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.327 1.264 Can dollar 1.291 1.23 Euro 1.678 1.599 Sterling pound 2.042 1.964 NZ dollar 1.052 1.002 US dollar 1.269 1.221 Local dollars to 100 units of foreign
      121 words
    • 154 28 Apr 19 $S Offer Bid 0vernight 0.03 0.02 1-month 5/16 3/16 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.04 US$ Offer Bid 7 days 0.23 0.13 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.05 0.85 12
      154 words

  • Page 29 Advertisements
    • 1186 29 The Business Times Shipping times 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 Email: singapore@balisagp.com Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Antwerp/UK Destination STXPO TBN
      1,186 words
    • 536 29 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN ANIARA FF216 06/04 11/04 14/04 16/04 21/04 28/04 TIRRANNA FF217 13/04 18/04 20/04 22/04 28/04 04/05 TALISMAN FF218 20/04 24/04 27/04 02/05
      536 words

  • Page 30 Advertisements
    • 883 30 Shipping Times HDS LINES THE SHORTEST TRANSIT TO PERSIAN GULF CONTAINERS SERVICE TO TANZANIA, KENYA, MIDDLE EAST, IRAN, PERSIAN GULF, IRAQ, CIS, INDIA PAKISTAN HDM SERVICE Approx transit time ex-Singapore 8 D 9 D 14 D VESSEL~ VOY SIN PKG JEA BND BIK SECOND OCEAN~ HDM0118S~ 20 Apr 21 Apr~
      883 words
    • 698 30 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY~ Ramp(KT)~ Lifting(KT)~ SIN~ PKL~ KUC~ KK~ JKT~ SUR YUSHO CHERRY 35 60 20/04 22/04 24/04 KING FISHER 28 60 24/04 25/04 MALAYSIA STAR 12 50 26/04 29/04 01/05 EL MAR VICTORIA 31 60 28/04 30/04 SHENG SHI 37
      698 words
    • 447 30 FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION BERJAYA I 05/12 IN PORT 23/04 BELITUNG/PKL BALAM VICTORY 6 07/12 23/04 25/04 JAMBI/PEKAN BARU SUN FLORA 09/12 24/04 26/04 PALEMBANG/PANJANG FAJAR MAS 04/12 26/04 28/04 BENGKULU/PADANG SIANIRI 04/12 25/04 27/04 BELAWAN/LHOKSEUMAWE SINOPA 07/12 24/04 26/04 SABANG/MALAHAYATI
      447 words

  • Page 31 Advertisements
    • 25 31 DISCOVER Cassina Where design becomes art 7 I i i NOW AVAILABLE AT DREAM 456 RIVER VALLEY ROAD SINGAPORE *****2 TEL: 6235 0220 INFO@DREAM-INT.COM WWW.DREAM-INT.COM
      25 words
    • 164 31 i 4. K m CAN YOU REALLY CRAFT A GOOD NIGHT’S REST? For generations, Simmons has been perfecting THE ART AND SCIENCE OF UNDISTURBED SLEEP. That’s why a Simmons mattress defines you, and defines sleep. The Definition of Sleep Tested Every individual Pocketed Coil®, thread and fabric that ines a
      164 words
  • executive lifestyle
    • LUXURY LIVING
      • Article, Illustration
        1051 31  -  CORINNE KERKfinds out what the stylish can dress up their homes with furniture that ranges from iconic classics and the latest from the big brands to strong local designs CORINNE KERK EVEN as the latest furniture designs are being showcased now at the annual Milan Furniture Fair,
        1,051 words
      • 954 34  -  CORINNE KERKchecks out how Casey Teh has carved out storage room and created a luxurious sense of space in his one-bedroom unit CORINNE KERK WITH the proliferation of shoebox apartments these days, homes are shrinking too fast too furiously. Before long, it will be a luxury to be
        PHOTOS BY YEN MENG JIIN  -  954 words
      • 779 35  -  KERKlooks at the steps to creating a stylish and comfortable home entertainment room CORINNE KERK CINEMAS and bars have their place as chill-out venues, but there's nothing quite like having your own super comfy entertainment area at home. According to Raymond Tay, sales director of Furniture
        779 words
    • 2390 36  -  Gourmet coffee’s nuanced and fine flavours are helping brew up a storm in Singapore’s cafe culture, writes GEOFFREY EU WHEN coffee aficionados Dennis Tang and Lee Jia Min made a three-month pilgrimage to Central and South America last year, one of the places they visited was
      PHOTOS OF STRANGERS’ REUNION: YEN MENG JIIN; KEITH LOH PHOTO FROM ORIOLE COFFEE ROASTERS  -  2,390 words
    • ENTERTAINMENT
      • 560 37  -  Author Nicholas Sparks’s saccharine yarn makes the leap from page to screen, reviews GEOFFREY EU GEOFFREY EU THERE can’t be too many downsides to being Nicholas Sparks, a bestselling author who churns out impossibly sappy romantic novels that sell by the millions and are adapted
        PHOTOS: WARNER BROS PICTURES  -  560 words
      • 508 37  -  By DYLAN TAN DIE HARD goes to outer space in the Escape From New York rip-off Lockout. It’s the latest in the line of action films Luc Besson has been lending his name to; this one is based on “an original idea” by the
        OPEN ROAD FILMS  -  508 words
      • 615 37  -  By CHRISTOPHER LIM THAT parade of violence, passion and Machiavellian intrigue called Game of Thrones is back tomorrow on HBO for another season, proof that cable TV viewers have a thirst for more than just happy endings. It’s largely based on A Clash of Kings, the
        615 words
      • 622 37  -  DVD REVIEW By CHRISTOPHER LIM IT’S easy to take Irish rock band U2’s stardom for granted these days, with frontman Bono being one of the most prominent celebrity philanthropists and named by Time magazine twice as one of the world’s 100 Most Influential People. But as the 1980s
        622 words
    • PURSUITS
      • 680 38  -  By CHRISTOPHER LIM SINGER Bob Dylan’s lyrics have famously been collected as poetry and even studied in schools as such, and while Tiny Ruins whose real name is Hollie Fullbrook isn’t of Dylan’s calibre yet, she’s quite the poet when it comes to crafting lyrics.
        680 words
      • 1012 38  -  The Philharmonics buck stereotypes in their debut outing, writesCHRISTOPHER CHRISTOPHER LIM THE concept of the supergroup ensembles comprised entirely of star soloists is far more common in the worlds or rock and jazz than in classical music, but he Philharmonics is very much a chamber music supergroup.
        1,012 words
      • 505 38  -  MOBILE GAMING REVIEWS By CHRISTOPHER LIM Max Payne Mobile for iOS US$2.99 Rating: B WHEN gamers wonder why the titular hero of Max Payne 3 is so cynically world-weary when Rockstar Games launches next month, they will find answers in the game
        505 words
      • 582 38  -  By KENNETH JAMES A COLLEAGUE who is an avid collector of Patek Philippes and other fine timepieces spotted this book and quipped airily, “No need to read, lah. Just buy a watch and you’ll be happy.” Another friend ventured gloomily, “How to be happy when
        582 words
    • ARTS
      • 662 39  -  Bonhams, the world’s third largest auctioneer, is upbeat about all things artful and classically Chinese, reportsHELMI YUSOF HELMI YUSOF THE demand for Chinese paintings has grown exponentially over the past decade, fuelled by China’s economic boom and the rising number of billionaires. To wit, the average
        PHOTOS: BONHAMS  -  662 words
      • 399 39  -  By HELMI YUSOF ROMEO, wherefore art thou, Romeo? Overshadowed by the strong supporting cast? Overwhelmed by the magnitude of playing literature’s most iconic lover? Wild Rice’s fervent but flawed production of Romeo and Juliet sees secondary players steal the show from the leads right under
        FAREEZ AHMAD  -  399 words
      • 709 40  -  By CHEAH UI-HOON SINGAPORE could be seeing a bigger influx of international artists, now that a privately run residency venue and programme has been set up. The artists, possibly three or four a year, will have the luxury of living and working in one of
        PHOTOS: YEN MENG JIIN  -  709 words
      • AroundTown
        • Article, Illustration
          111 40 Constructing The City: See Singapore through the eyes of a foreigner in Mexican artist Natalia Ludmila’s solo exhibition, Constructing The City. Held at the Instinc SoHo gallery, it features ten watercolour paintings of Singapore’s architecture and citizens, plus an interactive in-situ digital projection. The paintings were created during the
          111 words
        • Article, Illustration
          314 40 K: It may have been written in 1996, by local playwright Toy Factory’s Chief Artistic Director Goh Boon Teck but K (below) has lost none of its relevance in this millennium. The production discusses timeless issues like social prejudice, the state of humanity as well as familial and peer
          314 words
        • Article, Illustration
          56 40 Oliver Twist: Catch the fifth revival of TNT Theatre Britain’s production of Oliver Twist at the Raffles Hotel next week. This version of the classic Charles Dickens tale of a little orphan boy’s encounters with a life of crime has been staged internationally from Berlin to Scotland and even
          PAUL STEBBINGS OF TNT THEATRE  -  56 words
        • Article, Illustration
          73 40  -  Compiled by RACHEL LOI Le Papillon: Perk up your Tuesday evening with a screening of the lighthearted French comedy Le Papillon (2002, below) at the Alli- ance Francaise Theatre next week. Follow the adventures of an old man on an expedition in search of a rare “papillon” (French for
          73 words
      • 1230 40  -  The Singapore Art Museum kicks off a series of solo surveys on pioneering artists with the edgy works of contemporary artist Lee Wen, writes CHEAH UI-HOON CHEAH UI-HOON CONTEMPORARY art fans especially those who follow performance art around the world probably know more about Singaporean artist Lee
        PHOTOS: SINGAPORE ART MUSEUM  -  1,230 words
    • WINE
      • 1122 41  -  Every now and then, it’s both rewarding and refreshing to go back to Bordeaux to remind ourselves of modest beginnings, saysN N K YONG IN the three decades before 1982, the popular wines to reach for when we wanted to show off that we
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      • 920 41  -  By CHRISTOPHER LIM WITH the proliferation of wines available in the local market and the emphasis on “branded” names, it’s inevitable that some worthy labels will fall through the cracks, albeit unjustifiably so. Wines from France’s Pouilly-Fuisse appellation are a particularly interesting example.
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  • Page 32 Advertisements
    • 52 32 Concept and designs by Moretti Design Studio Made entirely in Bari, Italy. www.morettiitalia.com MORETTI The Epitome of Italian Design. Ready Stock Now Available in Singapore. MOR LIFE. STYLE DESIGN Flagship Store 43 Keppel Road 7 6225 5266 Park Mall #04-02 T: 6336 8016 www.furnitureclub.sg EVERYTHING’S Italian. [THE PRICE! Exclusive authorized
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  • Page 33 Advertisements
    • 241 33 KUKa HOME LATEST SOFA COLLECTION 2012 COEIREI 2011 2012 SINGAPORE’S TOP 10 FURNITURE FURNISHING FIRMS 2000 Stores Worldwide 300 Design Patents 1.5mm 1.7mm Thick Cowhide Full Top Grain Leather European Larch Wood High Resilient Foam by Sinomax OH t v hfl CX -i. •majm m. ■Tv; V m ss atm
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    • 129 34 kitchen culture Hi Wi II ML I V b* M I i I JwJSl—,IJF M c H* K il&l I I L I Mil 1 fi T ft**® —Vx mu tv^v n v V n CP O I Bo CP e II w 2 —:—Vv < S mm Kuppersbusch The
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  • Page 35 Advertisements
    • 172 35 MATTRESSES AND PILLOWS S y mti l Taking lifestyles to bed ZERO-G Adjustable Bed Base TEMPUR® material is temperature-sensitive, so it is soft where you want it and firm where you need it™. While our mattresses and pillows offer you optimal comfort and support, the ZERO-G adjustable bed base elevates
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  • Page 39 Advertisements
    • 26 39 Wild Rice’s Romeo and Juliet runs till April 28 at the Drama Centre Theatre, National Library, 100 Victoria Street. Tickets from $39 are available from Sistic
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    • 184 39 The public preview of the Bonhams 2012 Spring Auctions is on today and tomorrow at the Magnolia Room, Grand Hyatt Singapore, 10 Scotts Road, from 10am to 7pm. Admission is free. The auction takes place in Hong Kong from 23 to 27 May at the Island Shangri-la Hotel (rJ&^Ccl S
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  • Page 40 Advertisements
    • 69 40 Constructing The City is on at Instinc SoHo on 12 Eu Tong Sen Street from Apr 21 to Apr 24. The gallery is open from 12 noon to 6pm daily. Admission is free. Call *****487 or e-mail enquiries@instinc.com for more information Moment and Eternity is on at Third Floor Hermes
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    • 90 40 “Gathering clouds…” by Chen KeZhan will run from April 24-May 6, daily from 11am to 6pm, at Visual Arts Temenggong, 28, 20 and 18 Temenggong Road. For inquiries, please call 6272-3733 or e-mail visualartsattemenggong@gmail.com K is on at the Goodman Arts Centre Multi Purpose Hall on April 21 at 3pm.
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    • 84 40 Oliver Twist is on at the Raffles Hotel Jubilee Hall from April 25-28, at 8pm. Tickets cost $68. Call 6348-5555 or log on to www.sistic. com.sg for more information and to purchase tickets side-view seats, while weekend tickets cost $28, and $22 for side-view seats. Call 6348-5555 or log on
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    • 30 40 info@art-management.com for more information Ed Kowalczyk is performing at TAB at 442 Orchard Road on April 25 at 8pm. Tickets cost $68. Visit www.tab.com.sgfor more information or to purchase tickets
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    • 125 40 Lee Wen: Lucid Dreams in the Reverie of the Real will be held from April 20-June 10 at the Singapore Art Museum, 71 Bras Basah Road. Opening hours are 10am-7pmfrom Mondays to Sundays; and until 9pm on Fridays. Admission fees apply. For the schedule of live performances and Lee’s collaborations
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  • Page 41 Miscellaneous
    • 309 41 CRYPTIC CROSSWORD Across 1 Union without a single member (8) 6 Employees’ supports (6) 9 Took physical exercise when reminded (6) 10 Being saucy I am put outside the room (8) 11 Cast-off clothing (8) 12 A County Council practice is to make a charge (6) 13 Chef, a true
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  • Page 42 Advertisements
    • 278 42 HSBC Visa Infinite card provides you with unlimited, complimentary limousine transfer to the airport. FOR THOSE WHO CARE TO TRAVEL WELL Your Infinite experience continues with more exclusive travel privileges that complement the world traveller in you. Enjoy unlimited access to: Over 600 VIP airport lounges JetQuay Terminal Expedited immigration
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