The Business Times, 27 April 2012

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Total Pages: 44
1 44 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Friday, April 27, 2012
    25 words
  • Article
    Lock icon Corporate governance huffs and puffs upward
    696 1  -  SingTel tops the charts again, DBS and Sembcorp climb into top 5 for first time By JAMIE LEE SINGAPORE’S corporate governance standard has inched up, but there is still great room for improvement, this year’s Governance and Transparency Index (GTI) showed. The GTI, produced
    696 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      110 1 GST INDEX 2,981.47 (+1.69) GST INDEX FUTURES 2,977 (+3) HSIMSCI 342.60 (-0.27) GSIMSCI FUTURES 342.10 (+0.50) US$ S$ US$ (S$ per US$) 1.241 (US$/S$ per 1.620 2.010 EURO (US$/S$/E) 1.326 1.645 Foreign currency per US$ S$ YEN 81.10 65.40 RM 3.051 2.459 HK$ 7.759 6.254 BAHT 30.87 24.88 RUPIAH
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    • Article
      Lock icon PRIME RATES
      22 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA '4.508 IAIWAN 5.036 KOREA 9J3 BRITAIN US SWITZERLAND .0.50 INDIA Source: Bloomberg
      22 words
  • Article, Illustration
    Lock icon Gold goes riding on a bumpy but bright road
    646 1  -  Volatility seen in short term, but outlook still shines By KENNETH LIM [SINGAPORE] Renewed volatility in financial markets has put the focus on gold again, but the refuge of choice is itself on a bumpy ride. Gold continues to enjoy a
    AP  -  646 words
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      187 1 EUROZONE CRISIS Eurocham president sees opportunity PAGE 4 COMMENTARY Bank Negara’s calculated risk PAGE 21 S’PORE NEWS SMEs positive about prospects for Q2, Q3 PAGE 12 EXECUTIVE LIFESTYLE Bohemian arts city I PAGE 44 Picture perfect I PAGE 41 Italian head-turners I PAGE 39 GOOD BEDFELLOWS A special supplement on
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      12 1 AGM WATCH Hong Fok minorities leave AGM over directors’ pay PAGE 6
      12 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      544 2 Corporate governance huffs and puffs upward SINGAPORE’S corporate governance standard has inched up, but there is still great room for improvement, this year’s Governance and Transparency Index showed. The mean score of all companies reviewed for the GTI stood at 34.9 points out of a maximum of 143,
      544 words
    • Article
      Lock icon HSBC to cut over 2,200 jobs in UK, targets managers
      279 2 Reuters [LONDON] HSBC is cutting more than 2,200 jobs in Britain, targeting senior and middle management roles as part of its drive to slash costs and boost profitability in the face of a changing banking landscape. In total, 3,167 jobs
      Reuters  -  279 words
    • Article, Illustration
      Lock icon Mixed picture of layoffs in MOM’s 2011 report
      615 2  -  Figure up slightly to 8,350 workers, but finding a new job was easier Reports by CHUANG PECK MING [SINGAPORE] Layoffs rose a touch last year, due largely to more workers being axed in the services sector, even though there were fewer retrenchments
      Source: Labour Market Survey, MOM  -  615 words
    • Article
      Lock icon Tharman: press on with economic restructuring
      487 2 [SINGAPORE] Press on with economic restructuring and keep up with the push for higher productivity those are the two main May Day messages of Deputy Prime Minister Tharman Shanmugaratnam and employers’ chief Stephen Lee released yesterday. “We must press on with our efforts to
      487 words
    • Article
      Lock icon Give S’poreans the first bite of the cherry in jobs: don
      542 2  -  By MALMINDERJIT SINGH [SINGAPORE] Jobs here should have a “Singapore first” label: employers should be allowed to hire foreigners only if they show there are no deserving citizens to fill the vacancies. That is one of five recommendations made
      542 words
    • Article
      Lock icon Wage shock therapy will hit small biz hard, says SMEC
      322 2  -  By FELDA CHAY [SINGAPORE] The SME Committee (SMEC), an advocacy group led by the Singapore Business Federation (SBF), has weighed in on the debate over the merits of Prof Lim Chong Yah’s shock therapy proposals for radical wage hikes, saying
      322 words
    • Article
      Lock icon Manufacturing dips 3.4% in March
      541 4  -  Contraction smaller than forecast; slight Q1 GDP revision predicted By CAI HAOXIANG [SINGAPORE] Manufacturing output in March fell 3.4 per cent year-on-year, data released yesterday by the Economic Development Board (EDB) showed, though the decline was not as much as expected. The transport engineering sector
      541 words
    • Article, Illustration
      Lock icon Eurozone crisis also spells opportunity: Eurocham president
      639 4  -  By VIKRAM KHANNA [SINGAPORE] While the eurozone’s sovereign debt crisis is painful for Europe’s citizens and challenging for policymakers, it also spells opportunities, including for Asian companies, said Stefano Poli, president of the European Chamber of Commerce in Singapore (Eurocham), which represents around
      639 words
    • Article, Illustration
      Lock icon Adelson scoffs at S’pore-licensed junket operators
      615 4  -  By GRACE LEONG [SINGAPORE] Las Vegas casino mogul Sheldon Adelson didn’t mince his words about what he thought of Singapore-licensed junket operators, in a first-quarter earnings call announcing yet another record for Las Vegas Sands Corp. Nor did he think rival Resorts World Sentosa
      AP  -  615 words
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      112 2 i SUN LAND IIE S I DENCE Jalan Kuala Kangsar- Ipoh is I Double Storey Terrace House 22'x 75’ From $130,000 Cl Large Built Up from 1,980 sq ft Large Master Bedroom from 360 sq ft Four Bedrooms and Four Bathrooms Columnless Driveway allows 2 cars to park side by
      112 words
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      130 3 NARD1N Le Locle Suisse w df as? W y- r £S W a/ 0 0 PI ira v •v 3v H I c .J ?A IS cr iu A i W A t a oj > r i 'I I 'w//,. on r. iii i M 1/ 3*. Vie Sp-feT,
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      1143 4 Cm D25] North i 11 Wc k\ f Tnmi I'n 1 OAH T on ff I V Tenure'FH[Sizey}2;301[sq L ft 3 StoreysT3,80Qsq ft/6. Rooms S3 unaf"III I minr JERRY LUM Snr Marketing Director, MBA, CES cea licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg ERA Estate Agent Licence
      1,143 words
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      Lock icon Page 4 Advertisements Column 2
      17 4 Find the most comprehensive range of products and services in CATS Classified in The Straits Times. WATS
      17 words
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      189 5 Audi Vorsprung durch Technik W\ V V ajB. > S4QQ3 IN S 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 to the
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  • COMPANY NEWS
    • Article
      Lock icon Hong Fok minorities leave AGM over directors’ pay
      367 6  -  They raise concerns key management are getting paid in excess of $10m AGM WATCH By KENNETH LIM DISGRUNTLED minority shareholders of developer Hong Fok Corp stormed out of the company’s annual general meeting (AGM) after directors thwarted their attempt to reject key
      367 words
    • Article, Illustration
      Lock icon Wee Cho Yaw answers questions with aplomb at UOB AGM
      368 6  -  By EMILYN YAP SHAREHOLDERS raised a few thorny questions at United Overseas Bank’s (UOB) annual general meeting yesterday, but chairman Wee Cho Yaw handled them with his usual equanimity. Most queries, ranging from the bank’s overseas growth strategy to a
      FILE PHOTO  -  368 words
    • Article
      Lock icon JLJ holds silence on Apple aftermath
      402 6  -  By VICTORIA HO A SINGAPORE Catalist-list-ed company involved in a corruption scandal with Apple two years ago has chosen to stay mum on the fallout after the lawsuit. Plastics manufacturer JLJ Holdings is a contractor for the US computer giant. In 2010, a former
      402 words
    • Article
      Lock icon Hotel Prop sells $150m of perpetuals
      593 6  -  It provides change of control clause to protect investors By SIOW LI SEN HOTEL Properties Ltd has raised $150 million via perpetual securities after throwing in a change of control clause to protect investors. Change of control, or CoC, also featured in Neptune Orient
      593 words
    • Article
      Lock icon APS in $568m RTO deal with power plant conversion firm
      356 6  -  By LIM WEI SHENG BEREAVEMENT services provider Asia Pacific Strategic Investments Ltd (APS) is entering into a $568 million reverse takeover deal with a power plant conversion company. Singapore-listed APS will buy businesses to convert seven oil-powered generation units in
      356 words
    • Article
      Lock icon CDLHT’s Q1 distribution per security rises 16.8%
      601 6  -  Gross revenue up 19% to $38.4m; NPI rises 19.6% to $36m By KALPANA RASHIWALA CDL Hospitality Trusts (CDLHT) has posted distribution per stapled security of 2.78 cents for the first quarter ended March 31, 2012, up 16.8 per cent from the same year-ago
      601 words
    • Article, Illustration
      Lock icon Roxy-Pac acquires Jade Towers for $106.3m
      429 6 It could redevelop site into a project with up to 171 units ROXY-Pacific Holdings has inked a deal to buy the freehold Jade Towers site at Lew Lian Vale off Upper Serangoon Road through a collective sale for $106.3 million. The price for the
      429 words
    • Article
      Lock icon Apparent shift in SGX’s position highlighted in court
      610 11  -  Lawyer draws reference from affidavit filed by V-P of issuer regulation By LYNETTE KHOO HAS there been a shift in position by the Singapore Exchange (SGX) since the court application by a former China Sky independent director to quash its public reprimand
      610 words
    • Article
      Lock icon MCT posts Q4 DPU of 1.554¢
      382 11  -  By MINDY TAN MAPLETREE Commercial Trust (MCT) yesterday posted an available distribution per unit (DPU) of 1.554 cents for the fourth quarter of FY2011/12, beating its forecast by 18.4 per cent. Income available for distribution was also 18.4 per cent higher than forecast, at
      382 words
    • Article
      Lock icon Yangzijiang’s Q1 net profit up 7%
      341 11  -  By JOYCE HOOI YANGZIJIANG Shipbuilding (Holdings) posted a 7 per cent increase in Q1 net profit, from 954.9 million yuan (S$ 188 million) to 1.02 billion yuan, ahead of consensus estimates. “Q1 is typically the slowest quarter of the year and YZJ has already
      341 words
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  • GTI 2012
    • Article
      Lock icon Making headway in governance
      1208 7  -  This year’s Governance and Transparency Index stands at a watershed as S’pore companies gear up for a stricter regime By LAWRENCE LOH, ISABEL SIM Lawrence Loh is an associate professor of strategy and policy at NUS Business School. He leads the GTI project at the school’s
      1,208 words
    • Article
      Lock icon How the scoring is done
      282 7 THE Governance and Transparency Index (GTI) is aimed at assessing companies on their corporate governance disclosure and practices, as well as the timeliness, accessibility and transparency of their financial results announcement. The GTI score comprises two components: the base score and the adjustment for bonuses
      282 words
    • Article
      Lock icon Governance and Transparency Index 2012 − the Top 500
      5712 8 Governance and Transparency Index 2012 the Top 500 BASE GTI SCORE ADJUSTMENTS FOR BONUSES PENALTIES OVERALL GTI SCORE (2012) OVERALL GTI SCORE (2011) RANK (2011) COMPANY NAME RANK 1 SINGTEL 79 32 111 109 1 2 SINGAPORE EXCHANGE LTD 81 24 105 101 2 3 DBS GROUP HLDGS LTD (FORMERLY
      5,712 words
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      61 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Trading curbs hit penny stocks
      590 10  -  Market’s average unit value rises to 30 cts from Wednesday’s 17 cts; blue chips continue to drift STOCKS R SIVANITHY Senior Correspondent AS far as blue chips were concerned, the reaction yesterday to Wall Street’s overnight rise was muted, the Straits Times Index once again
      Source: Bloomberg  -  590 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 10 Apr 26 VALUE CLOSE BT OB/OS -167.00 -218.0 BT CADI -*****.00 -116.0 BT 10-day MA -*****.00 -17.00 FTSE ST Mid Cap 684.24 -0.14 FTSE ST Small Cap 461.39 -2.08 FTSE ST All Share 720.83 +0.13 FTSE ST China Top 216.68 -0.48 FTSE ST China 250.93 -0.29 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 10 VOLUME JEL Corp 468,404,000 AdvanceSCT 353,443,000 Informatics 345,311,000 GP Hotels 194,039,000 Stratech 94,266,000 TT Intl 86,820,000 Thakral 73,468,000 IPCO Intl 69,250,000 Golden Agri 64,335,000 Xpress 63,559,000 VALUE($) Noble Grp 66,002,645 GP Hotels 56,427,275 DBS Grp 48,736,045 Golden Agri 47,925,420 Informatics 46,191,181 Genting SP 45,431,950 JEL Corp 43,870,069
      58 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 7 3 0 0 0 6 7 3 Manufacturing 37 87 33 4 12 7 41 99 40 Commerce 18 31 15 3 4 4 21 35 19 Tpt/Stor/Comms 13 18 8
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      914 10  -  Compiled by JOYCE HOOI CDL Hospitality Trusts April 26 close: $1.855 OCBC Investment Research, April 26 FOR Q1 2012 ended March, CDL Hospitality Trusts (CDLHT) recorded a 19 per cent y-o-y rise in gross revenue to $38.4 million. The increase was from strong organic growth, maiden Q1 contribution
      Source: Bloomberg  -  914 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,996 17,996 64,958 64,958 Manufacturing 315,575 241,551 557,126 168,465 6,832 175,297 Commerce 859,509 37,982 897,491 183,410 3,616 187,026 Tpt/Stor/Comms 90,152 11,141 101,293 109,890 3,578 113,467 Finance 15,381 105 15,486 102,288 24 102,312 Construction 222,305 47,705
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 10 Stock name Close Change CapMallsAsia 1.555 -0.015 CapitaLand 2.960 CapitaMall 1.840 -0.020 CityDev 10.450 +0.100 ComfortDelGro 1.525 +0.005 DBS Grp 13.720 +0.020 F&N 7.060 +0.180 GLP 2.100 -0.020 Genting SP 1.725 +0.015 Golden Agri 0.745 HK Land 6.220 +0.030 JMH 50.000 +0.200 JSH 32.850 +0.970 Jardine
      112 words
    • Article, Illustration
      Lock icon Euro’s losses limited by dovish Fed
      472 10 CURRENCIES Reuters [NEW YORK] The euro retreated from a three-week high against the US dollar yesterday as weak sentiment data increased concerns about the economic outlook for the eurozone, though losses were limited by the Federal Reserve pledging to be open on more stimulus.
      Reuters; BLOOMBERG  -  472 words
    • Article
      Lock icon RISES
      106 10 BY CENTS CLOSE UP DBXT MSEurope 10US$ 4349 134.0 2.5 JSH 3285 120.3 3.0 DBXT Nifty 10US$ ***** 96.8 0.8 Asia Pac Brew 3430 90.0 2.7 GLD 10US$ ***** 47.1 0.2 DBXT FTChina25 10US$ 2789 28.5 0.8 JMH 5000 24.8 0.4 OCBC Bk 4.5%NCPS 100 ***** 20.0 0.2 F&N
      106 words
    • Article
      Lock icon FALLS
      124 10 BY CENTS CLOSE DOWN DBXT S&P Short 10US$ 3699 -38.5 -0.8 Lyxor Nasdaq100 10US 1081 -37.2 -2.7 UOL 455 -16.0 -3.4 SembCorp Ind 516 -15.0 -2.8 Semb Corp.ES.1205 519 -13.0 -2.4 Kep Corp.ES.1204 1116 -11.0 -1.0 Hyflux 6% CPS 10 ***** -10.0 -0.1 DBXT FTVietnam 10US$ 2611 -9.9 -0.3
      124 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 10 DAILY
      5 words
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      440 11 Fatty Foods Hurt Your Liver 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 GNC LIVE WELL Place your AGM and EGM notices in our newspapers. Call 1800
      440 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon SMEs positive about prospects for Q2, Q3
      636 12  -  But they may scale back on expansion, capital investment, hiring: survey shows By FELDA CHAY SMALL and medium-sized enterprises (SMEs) showed little change in attitude towards their business prospects from the start of the year, expressing cautious optimism and indicating that they may
      636 words
    • Article
      Lock icon ECs might benefit from DBSS’s slumber
      466 12  -  By MICHELLE TAN SINGXPRESS Land intends to beef up its presence in Singapore’s executive condominium (EC) market while the Design, Build and Sell Scheme (DBSS) goes quiet, says Tony Chan, executive director of the property development group. “I don’t know if the DBSS market
      466 words
    • Article
      Lock icon Companies’ investments abroad up 7% at $803b
      426 12  -  Half is direct investment; China is top destination By CONRAD TAN TOTAL overseas investments by Singapore’s corporate sector reached $802.6 billion at the end of 2010, up 7.3 per cent from a year earlier. The growth was fuelled largely by an increase in
      426 words
    • Article, Illustration
      Lock icon TPP participants in final rounds of talks: US Trade Rep
      646 12  -  By LEE U-WEN THE nine countries negotiating what would be the world’s largest free trade agreement (FTA) are in the final rounds of talks, with hopes high of tying up most of the loose ends before their leaders meet in
      REUTERS  -  646 words
    • Article
      Lock icon S’pore Power to invest heavily over next 5 years
      434 12  -  By RONNIE LIM TO position Singapore Power (SP) for the future, it “must invest heavily over the next five years” in infrastructure, as this will help ensure network and supply reliability, which will be a priority, says its new CEO, Wong
      434 words
    • Article, Illustration
      Lock icon Singapore Marriott in all its new glory
      365 12  -  By ANNA LEE FOLLOWING a $35 million refurbishment, Marriott International and Tang Holdings yesterday celebrated the official relaunch of Singapore Marriott Hotel. The project that began two years ago is the hotel’s most extensive in its 17-year history, and saw a major overhaul
      365 words
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      94 12 Wine, Dine Hospitality Highlights S.-V WEEK ENDS. Indulgence begins. Laze, graze, forget week days. Gourmets can now give themselves over to pure culinary pleasure all weekend long at Conrad Centennial Singapore. Afternoon Delight Lobby Lounge $45++ per person* 1pm to 5pm (avail. Sat Sun) Oscar's Sunday Amazing Graze $78 $148
      94 words
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  • ECONOMY WATCH
    • Article
      Lock icon Big firms in region ‘cautiously optimistic’
      443 13  -  Focused on growth, firms in Indonesia, S’pore, M’sia taking on more debt: study By CAI HAOXIANG LARGE Singapore, Malaysia and Indonesia companies are cautiously optimistic about their local economies as well as the state of the global economy, according to a survey by Ernst
      443 words
    • Article, Illustration
      Lock icon Korea growth accelerates in Q1; stocks and won rise
      581 13 NZ central bank leaves interest rates at record low Bloomberg [SEOUL] South Korea’s economy expanded at the fastest pace in a year even as austerity measures in Europe and a slowdown in China cloud the outlook for exports. Stocks and the
      Bloomberg; BLOOMBERG  -  581 words
    • Article
      Lock icon British consumer confidence at its highest in nine months: survey
      290 13 Reuters [LONDON] British consumer morale rose in March to its highest level in nine months as people became less worried about the job market and more willing to splash out on big-ticket items like houses and cars, a survey by
      Reuters  -  290 words
    • Article, Illustration
      Lock icon Practise the austerity you preach, nations tell EU
      557 13 Govts react angrily to proposals to hike EU’s budget in 2013 Reuters [BRUSSELS] European governments have reacted angrily to European Union (EU) proposals for a 6.8 per cent budget rise in 2013 despite calls for fiscal discipline across the bloc. The European
      Reuters  -  557 words
    • Article, Illustration
      Lock icon Najib’s largesse risks credit rating downgrade
      577 14 Rating agencies say Malaysia must take steps to lower its debt-to-GDP ratio Bloomberg [KUALA LUMPUR] Malaysian Prime Minister Najib Razak’s record spending binge, aimed at shoring up support before elections as early as next month, may risk the country’s first cre-dit-rating downgrade since the
      Bloomberg  -  577 words
    • Article
      Lock icon Yudhoyono plans to keep budget deficit below 3%
      418 14 He aims to limit fuel consumption, boost revenue, cut costs Reuters [JAKARTA] Indonesian President Susilo Bambang Yudhoyono yesterday announced plans to keep the budget deficit below 3 per cent, a target made harder by Parliament’s decision against an immediate rise in subsidised
      Reuters  -  418 words
    • Article
      Lock icon Indonesia halts US beef on mad-cow disease: minister
      281 14 Bloomberg [JAKARTA] Indonesia suspended US beef imports shipped after April 24 following the discovery of mad-cow disease in California, breaking ranks with other nations that have maintained trade since the case was detected. “We will continue to monitor the situation and seek
      Bloomberg  -  281 words
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      456 13 6281 5688 or 6757 4403 A message from Safe Label Group Pte. Ltd. (the “Offeror”) to Shareholders of Adampak Limited (“Adampak”) 33 DAYS BEFORE OFFER FOR ADAMPAK (THE “OFFER”) CLOSES AT 5.30 P.M. ON 29 MAY 2012 1 (THE “CLOSING DATE”) About the Offer: The Offer Price is S$0.4202per Offer
      456 words
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      3402 14 M HOE LEONG CORPORATION LTD. (Company Registration No.: *****8433W) (Incorporated in the Republic of Singapore on 18 November 1994) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that an annual general meeting (“AGM”) of Hoe Leong Corporation Ltd. (the “Company”) will be held at Jurong Country Club, 9 Science
      3,402 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China’s bad debts blight financial sector
      709 15 Regulator reports 1.05t yuan of non-performing loans at end 2011 Reuters [BEIJING] Veteran investor Jack Rodman has had enough. After waiting 11 years for China to sell its rising pile of bad bank loans, he is quitting and going to Spain instead. His pullout
      Reuters; AFP  -  709 words
    • Article
      Lock icon Moody’s leaves China’s Aa3 rating unchanged
      405 15 Reuters [BEIJING] China’s sovereign rating outlook remains positive, supported by favourable medium-term growth prospects and strong government debt dynamics, Moody’s Investors Service said in a report yesterday. The ratings agency made no change to its Aa3 foreign and local currency bond ratings in the
      Reuters  -  405 words
    • Article, Illustration
      Lock icon Fund managers losing patience with India over tax ambiguity
      378 15  -  REUTERS BREAKINGVIEWS By JEFF GLEKIN [MUMBAI] When it comes to India, fund managers are sitting on their hands. Foreign flows into the country’s equity market have trickled to a halt this month. Ambiguity over tax rules is a major reason why
      378 words
    • Article
      Lock icon Beijing helping first-time home buyers
      623 15 Government also curbing speculation to rein in prices Bloomberg [SHANGHAI] Kevin Xi had no trouble getting a mortgage to buy a 1.53 million yuan (about S$300,000) one-bedroom apartment in Beijing last month, even as China’s government tries to cool the housing market. He even got
      Bloomberg  -  623 words
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      179 15 i ‘4 Canal FrontlBuinrgaIq.wsi&TSemi *Bs SGD750;000 rn o BaypuCre m i ;15 minutes f rormSi irera i.*. v/— .fcTJ r N '< ?v '4t ■0*C v n 4>*. If-/,. *v? I ys u: V W i N 1 *V Mti >■■>— n x N N > BsaHK>\ N s >■
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      1832 16 and its subsidiaries (incorporated in the Republic of Singapore) Company Registration Number: *****0003D FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2011 IMPORTANT The following financial information contains only a summary of the information in the financial statements of the Finance Company and the consolidated financial statements of the
      1,832 words
  • WORLD
    • Article, Illustration
      Lock icon Ozawa acquitted in funding scandal
      845 16  -  Political instability looms as strongman set to challenge Noda’s leadership By ANTHONY ROWLEY in Tokyo THE former leader of the ruling Democratic Party of Japan, Ichiro Ozawa, was acquitted yesterday by the Tokyo District Court on charges of falsely reporting political funds. Thus ends one
      REUTERS  -  845 words
    • Article
      Lock icon Eurozone scars show up in bank earnings
      532 16 Reuters [LONDON] Earnings from some of Europe’s top banks showed the scars of the eurozone crisis yesterday, with big losses on Spanish property and fragile economic recovery likely to dampen an early investment banking rebound. Spanish bank Santander said first quarter net profit
      Reuters  -  532 words
    • Article, Illustration
      Lock icon Singapore firms look beyond Ho Chi Minh
      516 18  -  S’pore was southern province Binh Duong’s 3rd-largest investor last year By KELLY TAY in Ho Chi Minh City WHILE Ho Chi Minh City is widely regarded as Vietnam’s economic hub, other newly developed urban zones are fast attracting foreign investments as well. Rapidly
      SEYU TZYY WEI/LIANHE ZAOBAO  -  516 words
    • Article
      Lock icon Bailout pool’s small US banks under pressure
      675 18 Dividend payments to govt will almost double by late 2013 Reuters [WASHINGTON] More than 100 smaller US banks were able to tap government programmes to pay off bailout money they received during the financial crisis but those still owing face a perilous future,
      Reuters  -  675 words
    • Article
      Lock icon UK, France clash over capital standards for banks
      408 18 Paris opposes UK bid for higher standards than set by Basel Reuters [BRUSSELS] Britain clashed with France on Wednesday over demands that London be allowed to force banks to top up capital beyond new European Union (EU) levels, diplomats said, in a
      Reuters  -  408 words
    • Article
      Lock icon Major US beef export markets stay open despite mad cow case
      292 18 Reuters [CHICAGO] Major export markets for US beef from Canada to Japan stayed open after the United States reported its first case of mad cow disease in six years amid assurances that rigorous surveillance had safeguarded the food system.
      Reuters  -  292 words
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      Lock icon Pending sales of existing homes rise
      415 19 Index for March increases 4.1% to 101.4, highest level since April 2010 LATEST US DATA Bloomberg [WASHINGTON] Signed contracts to buy US homes rose more than forecast in March as low interest rates drew buyers back into the market. The index of pending home
      Bloomberg; AP  -  415 words
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      Lock icon Bernanke defends Fed’s stimulus push
      699 19 NYT [WASHINGTON] Federal Reserve chairman Ben Bernanke on Wednesday dismissed proposals to escalate the Fed’s economic stimulus campaign as “reckless”, arguing that the costs would be high and the benefits uncertain. Mr Bernanke spoke after the Fed’s policymaking committee ended a two-day meeting with a
      NYT  -  699 words
    • Article
      Lock icon Engaging Myanmar a top challenge for region: PECC
      393 19  -  By MALMINDERJIT SINGH [SINGAPORE] Engagement with Myanmar is one of the biggest challenges currently facing the Asia-Pacific region, leaders at the Pacific Economic Cooperation Council (PECC) conference here said yesterday. “There are new challenges facing the region and we must adjust to
      393 words
    • Article
      Lock icon I panicked when I closed tabloid: Murdoch
      496 19 AP [LONDON] News Corp chief Rupert Murdoch said yesterday that he panicked when he closed the News of the World tabloid last year, one of a series of revealing exchanges made at an inquiry into British media ethics. The 81-year-old media magnate acknowledged
      AP  -  496 words
    • WORLD BRIEFS
      • Article
        Lock icon Shell Q1 profit up 16% on strong oil prices
        101 19 AFP [LONDON] Energy giant Royal Dutch Shell said yesterday that net profit climbed almost 16 per cent in the first quarter, boosted by “strong” oil prices and rising output. Europe’s biggest oil company announced that adjusted earnings after tax, which strip
        AFP  -  101 words
      • Article
        Lock icon Exxon Q1 net income drops 11%
        80 19 AP [NEW YORK] Exxon Mobil’s first-quarter net income dropped 11 per cent on lower production and weaker profits from its chemicals and US refining businesses. It was the first time the company reported a drop in quarterly profit since late 2009, when the recession
        AP  -  80 words
      • Article
        Lock icon Moody’s Q1 income up 12%, beats estimates
        67 19 Reuters [NEW YORK] Bond-rater Moody’s Corp beat Wall Street estimates as income rose nearly 12 per cent in the first quarter, despite an increase in costs. More bond issues drove revenue higher. Net income was US$173.5 million, or 76 US cents a share,
        Reuters  -  67 words
      • Article
        Lock icon PepsiCo, Coke profits beat expectations
        87 19 Reuters [NEW YORK] PepsiCo and Coca-Cola Enterprises reported higher-than-expected quarterly profits and stood by their full-year forecasts, helped by price increases on sodas. PepsiCo said net income was US$1.13 billion, or 71 US cents per share in the first quarter, down from US$1.14 billion, or
        Reuters  -  87 words
      • Article
        Lock icon VW, Chrysler, Hyundai unveil strong profits
        140 19 Bloomberg Reuters AFP [LONDON] Carmakers Volkswagen, Chrysler and Hyundai pulled away from rivals yesterday, unveiling strong sales and profits driven by growth in the Americas and Asia. Chrysler’s car sales rose 33 per cent in the quarter, led by its home US market, where
        Bloomberg; Reuters; AFP  -  140 words
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  • FRAUD RISKS
    • Article, Illustration
      Lock icon Managing risk: no one-man show
      1797 17  -  It’s the job and responsibility of every member of the organisation, reports LYNETTE KHOO reportsLYNETTE LYNETTE KHOO WITH the number of fraud incidents in Singapore on the rise, companies are paying greater attention to managing risks associated to fraud a hidden but potentially fatal threat
      STOCK.XCHNG; FILE PHOTO  -  1,797 words
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      1770 18 KATS 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 J HOLDING PTE. LTD. Company Registration No. *****8778N (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS [(Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the members of
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      220 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TORRIDON PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****5430G NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that a Final Meeting of the Members of the abovenamed Company
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      35 19 The SME Magazine Now bigger and coming to you with your copy of The Business Times on 2 May! AND SUBSEQUENTLY ON EVERY FIRST WEDNESDAY OF ALTERNATE MONTHS In this issue: Mg SUf saw Mm
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  • EDITORIAL & OPINION
    • Article
      Lock icon Workforce: urgency strikes home
      463 20 EDITORIAL THE recent report projecting the likely growth and under some entirely probable conditions, the shrinking of Singapore’s citizen population and citizen workforce makes for uncomfortable reading. For the business sector, the study’s stark findings should convince anyone who still needs convincing that transforming the workforce
      463 words
    • Article, Illustration
      Lock icon Spain’s pain could bring down Europe, rest of world
      787 20  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group JUST when you thought the world economy might be improving, along comes Spain. It is Europe’s next economic domino piece, struggling to cope with big budget deficits, massive unemployment and an
      The Washington Post Writers Group  -  787 words
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      Lock icon Moving towards greater regional cooperation
      1061 20  -  The global economic crisis has shifted the centre of gravity of world economy to Asia-Pac By JU5UF WANANDI, TAN KHEE GlAP, EDUARDO PEDROSA Jusuf Wanandi is the co-chair of the Pacific Economic Cooperation Council and vice-chair of the Board of Trustees of the Centre for
      FILE PHOTO  -  1,061 words
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      Lock icon Bank Negara’s calculated risk
      1142 21  -  Central bank’s decision not to raise overnight policy rate has wide-ranging implications and consequences By G SIVALINGAM The writer is visiting senior research fellow, Institute of Southeast Asian Studies, Singapore. WITH the headline inflation rate threatening to gallop and elections due by the first quarter of
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      Lock icon New trends reshaping the money transfer business
      825 21  -  By JAKE HOLLOWAY The writer is head of Xendpay.com, an online money transfer service headquartered in London THE global market for personal money transfers is now around US$500 billion, according to the World Bank. The business generates around US$55 billion in fees and
      825 words
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  • SHIPPING/AVIATION
    • Article, Illustration
      Lock icon Banks keep powder dry for regulars
      431 22  -  Poll shows that most will lend only to existing shipping clients this year SINGAPORE MARITIME WEEK By LYNN KAN SHIPPING companies looking to pick up a ship or two but without a core banking partner may find themselves out in the cold. A survey
      NG SOR LUAN/THE STRAITS TIMES  -  431 words
    • Article
      Lock icon TRANSPORT STOCKS
      246 22 SGX '000 Apr 26 S$ +/-Vol CH Offshore 0.46 0.02 2485 Chuan Hup Hldg 0.24 0.01 110 Cosco Corp 1.07 0.01 4459 s$ First Ship Lea 0.20 unch 2328 Freight Links 0.07 unch 1036 Grand Banks unch unch 0 Jaya Hold Ltd 0.55 unch 503 K1Ventures 0.10 unch
      246 words
    • Article
      Lock icon Sustainable shipping should be seen as business opportunity
      543 22  -  Industry group launches green plans for sector By TIMOTHY LOH SUSTAINABILITY in the shipping industry should go beyond compliance to existing regulations and be seen as a commercial opportunity, according to the Sustainable Shipping Initiative (SSI). The 16-member organisation, comprising big names
      543 words
    • Article, Illustration
      Lock icon IAG head warns of more airline bankruptcies
      391 22 Reuters [BARCELONA] British Airways and Iberia boss Willie Walsh warned of further airline bankruptcies in the coming year and said that he envied the economic model of major Gulf carriers that have managed to redraw the aviation map efficiently around the Middle East.
      Reuters; REUTERS  -  391 words
    • Article
      Lock icon Airbus slows A380 output, keeps delivery target
      212 22 Reuters [BARCELONA] Airbus said yesterday that it had slowed production of A380 aircraft as it addresses recent problems with wing cracks but it maintained a target of delivering 30 of the superjumbos in 2012. A spokesman for the European planemaker confirmed a report
      Reuters  -  212 words
    • Article
      Lock icon The Business Times Shipping times
      3625 26 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 STXPO TBN
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      36 22 SENTOSA SURPRISE The Indian businessman who bought the $39 million Sentosa bungalow is just 33... and he sings Follow the heritage trail in Little India GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
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      23 22 GETYOUR APRIL ISSUE NOW! YOUR FAVOURITE ALL-WOMEN RUN IS BACK! DATEJuly 15, 2012 (Sunday) START/END POINTNicoll Highway Register NOW at w w w.shape.com.sg/shaperun2012
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      537 22 WAR3 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 UPS LOGISTICS GROUP ASIA PTE LTD (In Members’ Voluntary Liquidation) Reg No. *****8171G (“the Company’’) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3046 23 Transaction date: Apr 26 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 Company Last Sale 88 51 ABR Hldgs 80cd unch 368 80 80 79.5 81 3.1 2.5 12.8 160.7 Vol Day
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      Lock icon SGX CATALIST
      217 24 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 Company Last Sale Vol (’000) Day High ,ow Last Quote Suyer Seller Div Gr Yld C’vr Net P/E M Cap Smil 34 12.1 t
      217 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7562 24 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 0.98/ Aberdeen Asset Mgt Asia Limited Asian Smaller Cos 1 1 646/ China Opportunities 2
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      Lock icon GLOBALQUOTE
      205 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 51 31.5 AVJennings A32 -4.5 1 32 32 32 35 3.6 10.9 2.6 83.3 46 25.5 Genting HK US$ US37.5 unch 3696 37.5 37 37 37.5 2469.2
      205 words
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      Lock icon SGX ETF
      907 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 111.5 ABF SG Bond ETF 118.3 +0.3 2 118.3 118.3 118 118.3 540 103 100 CIMB APAC Div 100US$ US102.5 +1.5 5 102.5 102.5 101.9
      907 words
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  • FINANCE & COMMODITIES
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      Lock icon SGX FUTURES
      604 25 Apr 26 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9613.16 9630.97 9531.03 Jun12 9575.00 9640.00 9535.00 9560.00 ***** *****2 Sep12 9605.00 9605.00 9595.00 9555.00 28 7912 MSCI TAIWAN INDEX FUTURES SPOT 272.41 272.86 269.17 Apr12 270.90 272.80 269.00 269.60 *****2 ***** May12 270.80 272.40
      604 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Apr 25 Index Change Change Change Change Change Change World Preliminary 896.4 0.9 8.0 0.8 4.1 0.9 8.5 EAFE Preliminary 722.2 0.8 5.9 0.5 2.2 0.6 6.5 Europe Preliminary 1062.9 1.0 3.5
      373 words
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      Lock icon SMX MARKET UPDATE
      125 25 As on 25 April 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT JUN2012 1645.40 1625.50 1642.50 317 CURRENCY AUD-USD FUT JUN2012 1.0285 1.0251 1.0286 1428 EUR-USD FUT JUN2012 1.3238 1.3185 1.3215 3135 AUD-USD FUT SEP2012 1.0188 1.0188 1.0195 30 BASE METAL
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    • Article
      Lock icon CHICAGO BOT
      107 25 Apr 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 12 1473.50 1461.25 1493.00 1461.00 Jul 12 1476.00 1465.00 1496.75 1465.00 Aug 12 1458.50 1450.50 1477.00 1450.50 Sep 12 1411.00 1398.75 1420.50 1398.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 12 55.65
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 25 CRUDE OIL PRODUCTS Apr 25 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 118.11 -0.34 WTI (Near Mth) 104.04 0.96 Dubai (1-Mth F) 115.38 0.39 Tapis blend 124.82 0.27 Minas 124.82 0.27 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 111.78 -1.05 Jet Kerosene 132.43 0.40 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      24 25 Apr 26 Apr 26 s$ Bid Offer 1-month 1.2404 1.2408 2-months 1.2403 1.2407 3-months 1.2401 1.2404 6-months 1.2388 1.2393 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      64 25 Apr 25 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2029.25 2040.50 3 months 2071.00 2082.00 Copper, Grade A(US$/tonne) Cash 8304.00 8258.00 3 months 8205.00 8150.00 Lead(US$/tonne) Cash 2079.50 2060.75 3 months 2091.00 2072.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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      Lock icon LIFFE
      80 25 Apr 25 COCOA (£/tonne) Close Prev High/Low May 12 1483 1490 1514/1478 Jul 12 1490 1505 1528/1484 Sep 12 1477 1492 1513/1471 Dec 12 1471 1484 1500/1460 COFFEE(US$/tonne) Close Prev High/Low May 12 2000 2025 2035/1995 Jul 12 2025 2049 2062/2014 Sep 12 2028 2049 2063/2015 Nov 12 2018
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1339 25 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 1 150 280 10.13 25 Cooo) Conv Baker Technology Ltd W*****6 2.2 -0.8 134 1 32 7 14.55 7 Best World Intl Ltd W*****5 0.6 1 30
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 25 Apr 26 Apr A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.019 6.550 0.784 8.061 54.540 95.490 0.843 11.784 3.170 1.271 94.337 44.202 1.289 8.042 0.941 30.504 32.072 0.641 1.039 Canada 0.981
      471 words
    • Article
      Lock icon SIBOR
      75 25 Apr 26 IUHI I«1 1 inth nj i iui twin u.r-uo (is tail i twill AJOUft twin 0)rt*1 IVMOM ttmiiv 'j-nrw-i aMi^i if wmt immi isviii' a«>< lAua (HJ 1 mill Cl .*>335 j mifiv a n 3 Wllii na^wii q .1 rv*. •is*., ti o cwsn« •J mlh.
      75 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 25 Apr 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2888 1.2892 1.0389 1.0390 Canadian dollar 1.2641 1.2650 1.0191 1.0195 Euro 1.6444 1.6451 1.3256 1.3258 NZ dollar 1.0140 1.0149 0.8174 0.8179 Sterling pound 2.0096 2.0105 1.6200 1.6203
      154 words
    • Article
      Lock icon PRECIOUS METALS
      122 25 Apr 26 •3CjiD m\m> 3,ty pt Jjv PS Hfniy ftjftfly iasK ISTM AprTS earn ixiliK^Un lijlo. I«<" i«in< Source: Thomson Reuters CAS! llAll MO* 7f Vl>i« w«v WlMlwr I'MII WW PttMP GOLD BARS h»! Pt^rrl itjm Ibi u *-um j?{ uii/m r* 1 jrauiit ISI1 M>i MJnm <V
      122 words
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      Lock icon GOVERNMENT SECURITIES
      93 25 Apr 26 Apr TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 26-Jul-12 0.26 1-Year BY*****T 02-May-13 0.27 0.23 0.23 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.11 100.15 100.13 5-Year N*****0Z 2.375 01-Apr-17
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    • Article
      Lock icon PALM OIL
      58 25 Apr 26 KUI PALM r'tiTllnEl lllWMVi PtWfn nilmlnj i«t; Month Hmor Pritt A*i Pm •Mill ill* Vcl ['Wd HflH? PDULUn Ma/ \i JraaD iiua 3SIUD MQ 0 -si 7 •Uii! kft U 3«3ti E.I€H JslSO r^ltSD i&7 a'Gi HiUy MSStl T5IV3I 5M0 M7.10 IKM •7UU Auij li irtHQ
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      Lock icon FOREIGN CURRENCY NOTE RATES
      122 25 As at 9am Apr 26 Apr Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.317 1.255 Can dollar 1.293 1.232 Euro 1.683 1.603 Sterling pound 2.047 1.969 NZ dollar 1.042 0.993 US dollar 1.261 1.213 Local dollars to 100 units of
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      Lock icon INTERBANK RATES
      154 25 Apr 26 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ Offer Bid 7 days 0.25 0.15 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
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      49 26 KLINE BSA USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The business times Shipping Times I FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? The Business Times Shipping Times
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      114 27 $(^==|:}*$$*/_>'*=%!+>$(){_,$^{ I 1 ADVERTISI FORWARDER urgently needed b>y shippers JOE WONG AT 9620 1 Can they find youi Here in the Shippii Highlight Your Com Anniversa A A' M Come publicise your Company Anniversary, Corporate Developments, Corporate Image, Award Wins Certifications, Ship Christenings Delivery of Newbuilds, Projection Completion and Vessel
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      202 28 CONTINENTAL GTV8 Where exhilarating performance meets unrivalled efficiency. y 11 mm iXt m m, m ir.f&s, 5 A ■;A as 'P v-:% K'a i« T- 5 Eta wm m m ms ',y ®s fill:; V v> it I -~yry 1 BENTLEY A SaSSgfflATi: e-i-j 4 -SSSff® SSSI a.;vV.'JTaLt! Mi V;
      202 words
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      167 29 1 Seamlessly White sj r Tli' Let the timeless design and quality of the new Miele Brilliant White Series transform your kitchen into a culinary haven. Combining intelligent German technology with minimalist appeal, the premium selection of ovens, cooker hood and coffee maker is designed to inspire fine living. Miele
      167 words
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      87 30 kitchen culture b* ttj .a M 1 If it nr i l|i i I I i .1 j 2-4 —V--rJ -V/ PJJ|S HdCKer poniaffl Kuppersbusch The Swiss Leader rational* g!ifa 0 irinox UEBHERR Foster S= UIOLF lACORHUE 1 interlubke] kitchen culture exclusive showrooms: Singapore 2 leng kee road #01-02/05 #01-07
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      235 30 MATTRESSES AND PILLOWS I J For your best night's sleep Feel comfort, feel support, feel TEMPUR TEMPUR® material is temperature-sensitive, so it is SOFT where you want it and FIRM where you need it™. Whether you prefer a firmer or softer mattress, TEMPUR® has a perfect fit for every body
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      25 31 Poliform Ubik walk-in wardrobe Italy’s finest wardrobe, kitchen and wall systems the fit-out of choice for luxury residential projects in the prime districts of Singapore
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      165 32 This picture seen in the advertisement is for pictorial representation only S3 Postur eped Palatial Crest THE ULTIMATE IN SUPPORT The Revolutionary UniCased™ XT An Evolution in Luxury Experience the quantum leap in edge support technology, introducing a state-of-the-art design that integrates the Posturepedic® spring unit with the edge. Indulge
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      472 33 Harvev Norman COFFEE COOKING CONCEPT STORE IGNITE RASSIQjjJ m y. LIVE BAKING DEMONSTRATION Join us as Chef Veronica tantalize your tastebuds delightful desserts! 29 APRIL 2012, SUNDAY 4-7PM AT BOSCH CONCEPT Fruity Smoothie Sticky Date Toffee Cupcakes with Vanilla Cream Frosting White Chocolate Panna Cotta with Cherry Compote Pre-registration will
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      55 34 I 'f Living room concept by Moretti Design Studio Made entirely in Bari, Italy www.morettiitalia.com I MOR LIFE. STYLE. DESIGN Flagship Store 43 Keppel Road T: 6225 5266 Park Mall #04-02 T: 6336 8016 EVERYTHING’S Italian. THE PRICE! Exclusive authorized distributors: B KELVIN GIORMANI www.furnitureclub.sg AYE Tuas) KEPPEL ROAD {To
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      25 35 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
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      Lock icon Page 35 Advertisements Column 2
      162 35 ar 'Sr 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 Simmons mattress
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      159 36 m m*t yry-™-:. Kristen-S Dining Set V m i A.— mo; gXVi ‘£<1-4-- Spruce Sofa Set Flagship Store Star Living Sungei Kadut Branch Star Living Thomson Branch 52 Sungei Kadut Avenue Star Building Lvl 2&3 S*****5 549 Upper Thomson Road Level 2 S*****3 Tel: 6365 8933 Fax: 6365 8933 Tel:
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      523 37 KUK3 COEIREI 2011 /2012 SINGAPORE’S TOP 10 FURNITURE FURNISHING FIRMS M E LATEST SOFA COLLECTION Touch Feel These Exquisite Sofas At Our Showrooms Today! V :.,L a 2012 J .'Tv T,.: T*.v 3»v ,fc W fir ,w ''MpUAV; r'-'-'V .'f m a I Ip -A/ i 0 r 1 KUKA
      523 words
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      64 38 in Lush unleashes many more new designs and ideas y A A rsi www.lush-lush.com contemporary furniture pop art lifestyle m= ideas illi bespoke 73 Upp Raya Lebar Rd Centro Bianco Level 2 Level 3 S (*****8) Tel +65-6858 5882 reddot design award winner 2007 V air www.weloveair.com —I' Details are
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  • Page 39 Miscellaneous
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      308 39 CRYPTIC CROSSWORD Across 1 Arranged priests to take saucy examination (5-6) 9 No curates should take her out (9) 10 Sign of resistance in Spanish port (5) 11 Passes out at college (6) 12 They won’t stand for their instruments being played (8) 13 Inventor having no team backing (6)
      308 words
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      31 41 Parts of the Whole, April 18 to May 20, Lim Hak Tai Gallery, Nafa, 80 Bencoolen Street. Opening hours are 11am to 7pm; closed on Mondays and public holidays. Free admission
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      107 43 r ORCK4RD RQ4D 1 /IGRB4T STREET TION JTTLE DETAILS WITH YOURS. Download the PARAGONApp With an entire floor to keep your children engaged as our latest collections occupy you, luxury is being able to divide your duties without sacrificing any attention. Armani Junior Beauty. Mums. Babies. Blossom Friends Chateau De
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  • executive lifestyle
    • Article, Illustration
      Lock icon Bohemian arts city
      1920 44  -  The grungy, earthy pull of shophouses coupled with their central location and affordable rentals are making them a top draw for arts groups, report HELMI YUSOFandRACHEL LOI report HELMI YUSOF, RACHEL LOI I T seems like an unlikely place to find a recording studio. Backbeat Studios is
      PHOTOS: STUDIO UP, HAKIM AZMI (FOR STUDIOKALEID); PHOTOS: INDIGO BLUE ART, BACKBEAT STUDIOS, FILE  -  1,920 words
    • LUXURY LIVING
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        Lock icon GOOD BEDFELLOWS
        940 29  -  The answer to getting a good night’s sleep could be a well-made mattress. CORINNE KERKfinds out some even cater to those who want an enhanced, luxurious sleep CORINNE KERK ANYONE who has ever had the misfortune of spending the night on a poorly-made mattress will tell you it
        940 words
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        Lock icon Dream glow
        922 32  -  Suitable lighting is imperative to preserving the warmth a bedroom should have and asAMANDA EBERand JOSHUA TANfind out, a little can go a long way JOSHUA TAN AMANDA EBER WHEN it comes to light, a little can go a long way. From humble wax candles to diamond-dripping chandeliers,
        922 words
      • Article, Illustration
        Lock icon Rest assured
        1206 34  -  The bedroom deserves special treatment to ensure time spent inside is relaxing, comfortable and intimate as most people treat it as a personal sanctuary. ByCORINNE KERK By CORINNE KERK FOR some people, the bathroom is the only place where they can truly be left alone. But safe to
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      • Article, Illustration
        Lock icon Walk this way
        471 36  -  A walk-in wardrobe is essentially a storage solution and its design should depend on the individual’s need. ByCORINNE KERK ByCORINNE CORINNE KERK A WALK-IN wardrobe, once reserved for the wealthy in their over-sized houses, is today a fairly common fixture in modern homes. But before you call
        471 words
      • Article, Illustration
        Lock icon That soporific effect
        1037 38  -  In today’s pressure cooker society, more people are looking for quick-fixes for a good night’s rest, reportsANNA LEE reportsANNA reportsANNA LEE “IT is said that the effect of eating too much lettuce is soporific. I have never felt sleepy after eating lettuces; but then I am not
        PHOTOS: YEN MENG JIIN; STOCK.XCHNG  -  1,037 words
    • WINE
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        Lock icon Italian head-turners
        1246 39  -  Old Italian wines have a distinct character that is carefully isolated by wine region, varietal, producer and vintage, writes N K YONG writesN writesN K YONG OLD Italian wines are not as easily rounded up as old Bordeauxs or even old Burgundies. But in response to a call
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        Lock icon The Diamond in a beer’s malt
        716 39  -  By CHRISTOPHER LIM THE beauty of wine is sometimes seen in its variations in taste even in the same vintage. But even if that’s a welcome characteristic of wine, it’s totally different when it comes to beer, where consistency is key, especially with premium
        PHOTOS: SUNTORY  -  716 words
    • ARTS
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        Lock icon Pipes of peace
        986 40  -  Classical vocal group The Hilliard Ensemble will delve into J S Bach’s hidden links with sacred music, writes CHRISTOPHER LIM writesCHRISTOPHER writesCHRISTOPHER LIM THERE aren’t many famous vocal ensembles outside of mainstream music, but niche classical vocal group The Hilliard Ensemble became a bit of a star
        PHOTOS OF HILLIARD ENSEMBLE: FRIEDRUN REINHOLD  -  986 words
      • AroundTown
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          Lock icon Art
          542 40 >The Dream House Is A Constantly Unfolding Picture: Toronto-based Filipino artist Jay Ticar holds his first solo exhibition in Singapore at Richard Koh Fine Art. This is his third set of works that started in 2008, and will feature oil on canvas paintings. His inspiration is drawn from his
          542 words
        • Article, Illustration
          Lock icon Stage
          86 40 Crossings 2012: Crossings is an annual production by the Nanyang Academy of Fine Arts dance department, to mark its graduates moving from school to working life. It showcases the talents of 40 NAFA students in multiple dances that are choreographed by both students as well as artists-in-residence. Crossings 2012
          PHOTOS: YI-CHUN YU  -  86 words
        • Article, Illustration
          Lock icon Stage
          334 40  -  Compiled by RACHEL LOI >Les Ballets Trockadero de Monte Carlo: New York’s all-male ballet company Les Ballets Trockadero de Monte Carlo is back in Singapore next week to perform at the Esplanade Theatre for five nights. The 14-man company has performed in 33 different countries all over the world
          334 words
      • Article, Illustration
        Lock icon Exploring the artist’s evolving canvas
        626 41  -  By CHEAH UI-HOON A NEWLY-OPENED exhibition at the Nanyang Academy of Fine Arts (Nafa) is like the equivalent of a chamber music concert small and cosy, but still enjoyable and insightful. Parts of the Whole may just look like a blip on Singapore’s increasingly crowded
        PHOTOS: NANYANG ACADEMY OF FINE ARTS  -  626 words
      • Article, Illustration
        Lock icon Picture perfect
        994 41  -  When the world’s most sought-after architects launch a building project, they turn to the lensman with the Midas touch, Moreno Maggi, reports GEOFFREY EU GEOFFREY EU A GREAT building speaks for itself but to reach a broader audience where one may not have the opportunity to experience a
        PHOTOS: MORENO MAGGI  -  994 words
      • Article, Illustration
        Lock icon A chorus of equals
        494 41  -  By JOSHUA TAN THE widely-acclaimed musical A Chorus Line promises to be a production that will offer bang for your buck, if you take into account that it’s not just one tale being told, but 17. Such is the heart of the Broadway hit that tells
        494 words
    • ENTERTAINMENT
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        Lock icon Women up the ante
        682 42  -  CD REVIEWS By CHRISTOPHER LIM IF you asked someone in 1970s California what a female singer songwriter looked and sounded like, he would probably conjure a white woman strumming a guitar while crooning introspective lyrics. That’s still the route many artists pursue today, but the definition’s
        682 words
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        Lock icon Penguins upstage Carrey’s histrionics
        578 42  -  DVD REVIEW By CHRISTOPHER LIM THE only special feature on the DVD release of Mr Popper’s Penguins is an animated short called Nimrod and Stinky’s Antarctic Adventure, but unlike the descriptive titles that adorn most DVD special features, this cartoon requires some explanation. Comedian Jim Carrey
        PHOTOS: TWENTIETH CENTURY FOX  -  578 words
      • Article, Illustration
        Lock icon Indie band scores a first
        728 42  -  Monster Cat gets snowed under when they release their debut EP Mannequins free over one of the Internet’s most controversial sites, reports DYLAN TAN reportsDYLAN reportsDYLAN TAN THE name Pirate Bay typically strikes fear in musicians and moviemakers but local indie band MONSTER CAT chose
        PHOTOS: MONSTER CAT  -  728 words
      • Article, Illustration
        Lock icon Revenge is bittersweet
        703 42  -  GAMING REVIEW By CHRISTOPHER LIM IF you watch someone playing Bloodforge without knowing anything about its background, you would be hard-pressed to guess that it’s an Xbox Live Arcade (XBLA) game. XBLA games are available for sale only through Microsoft’s Xbox Live online service, and after purchasing
        703 words
    • CINEMA
      • Article, Illustration
        Lock icon Just turning tricks
        608 43  -  By GEOFFREY EU SOMEHOW, brothels have a tendency to look more appealing than in real life when seen through a moviemaker’s rose-tinted camera lens. In House of Tolerance, a film about the ins and outs (so to speak) of a high-end bordello in Paris during the turn
        SHAW  -  608 words
      • Article, Illustration
        Lock icon The gang’s all here
        683 43  -  It’s a classic case of the more the merrier in The Avengers, reviews DYLAN TAN reviewsDYLAN DYLAN TAN COMIC book adaptations are tricky affairs with fans treating the source material as the holy grail and shunning film versions like the plague should the makers get it
        PHOTOS: MARVEL  -  683 words
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