The Business Times, 1 June 2012

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Microfilm: NL32035
Total Pages: 32
1 32 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, June 1, 2012
    25 words
  • Article, Illustration
    Lock icon SembMarine loses fight for remaining PPLS stake
    803 1  -  High Court judge dismisses its claims in their entirety, orders it to pay defendants’ costs By JOYCE HOOI [SINGAPORE] Sembcorp Marine (SembMarine) has lost its legal tussle with PPL Holdings (PPLH) for a 15 per cent stake in PPL Shipyard. High Court Judge
    803 words
  • Article
    Lock icon Jakarta bank ownership cap set to hit DBS deal
    672 1 40% cap planned for single ownership by financial institutions Reuters [JAKARTA] Indonesia’s central bank said it plans to cap single ownership in the country’s banks at 40 per cent for new investment, a rule that would scupper a US$7.3 billion bid
    Reuters  -  672 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      110 1 HST INDEX 2,772.54 (-11.41) HST INDEX FUTURES 2,773 (-11) HSIMSCI 318.15 (-0.25) GSIMSCI FUTURES 318.30 (+0.10) us$ s$ US$ (S$ per US$) 1.286 (US$/S$ per 1.549 1.991 EURO (US$/S$/E) 1.241 1.595 Foreign currency per US$ S$ YEN 78.80 61.30 RM 3.178 2.472 HK$ 7.764 6.039 BAHT 31.86 24.78 RUPIAH
      110 words
    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.433 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
      17 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon More COEs? You may be in for a shock
      690 2  -  Slow deregistrations may undo govt’s efforts and lead to a cut in certificates By SAMUEL EE [SINGAPORE] Instead of more Certificates of Entitlement or COEs from August, car buyers could face a further 26 per cent cut to an already tiny
      690 words
    • Article
      Lock icon Economy expanded less in Q1 than earlier estimated
      564 2 LATEST US DATA Bloomberg [WASHINGTON] The US economy grew more slowly in the first quarter than previously estimated, reflecting smaller gains in inventories and bigger government cutbacks. Gross domestic product (GDP) climbed at a 1.9 per cent annual rate from January through
      Bloomberg  -  564 words
    • Article
      Lock icon Felda’s IPO launch gives Najib a boost
      540 2  -  US$3.3b float will be year’s largest after Facebook By S JAYASANKARAN in Kuala Lumpur MALAYSIAN Prime Minister Najib Razak announced details of a US$3.3 billion initial public offering of palm oil giant Felda Global Ventures Holdings (FGVH) yesterday, in a move that may
      540 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      468 2 SembMarine loses fight for remaining PPLS stake SEMBCORP Marine has lost its legal tussle with PPL Holdings for a 15 per cent stake in PPL Shipyard. High Court Judge Tay Yong Kwang dismissed SembMarine’s claims in their entirety yesterday. He allowed some of the counterclaims of the defendants,
      468 words
    • Article
      Lock icon How a French win at Euro 2012 can solve eurozone crisis
      762 2  -  By MALMINDERJIT SINGH [SINGAPORE] Will the eurozone crisis be resolved soon? Will it be contained within the “peripheral” eurozone countries or will it spread to the “core” nations as well? Complex questions, it may seem, that could surprisingly be
      762 words
    • Article, Illustration
      Lock icon Steven Chong will be next A-G
      761 4  -  Incumbent Sundaresh Menon made Judge of Appeal By GRACE LEONG [SINGAPORE] Singapore has made several key appointment changes in the upper echelons of its legal system among them, the appointment of judge Steven Chong as attorney-gen-eral (A-G) and current A-G Sundaresh Menon as a
      761 words
    • Article, Illustration
      Lock icon It’s back to the shipyard for Anthony Aurol
      639 4  -  By JOYCE HOOI [SINGAPORE] After two years of turmoil, a triumphant Anthony Aurol basked in his first piece of good news yesterday, when the High Court ruled that he was not validly removed as director of PPL Shipyard. As a result, Mr
      639 words
    • Article
      Lock icon Myanmar may find property bubble a key challenge
      512 4  -  High-end property prices in Mandalay, Yangon soaring By LEE U-WEN [SINGAPORE] While Myanmar has been presented as a new frontier for business and investment, one big challenge its government will have to deal with is when bubbles start to form and property
      512 words
    • Article
      Lock icon Govt to spend $1.2b on public sector infocomm projects
      689 4  -  By AMIT ROY CHOUDHURY [SINGAPORE] The Singapore government will spend $1.2 billion on public sector infocomm projects in financial year 2012. Among these would be those from the Ministry of Defence, Central Provident Fund Board and Ministry of Manpower. A total
      689 words
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      74 words
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      218 3 The new BMW ActiveHybrid 5 pml-bmw.com.sg Sheer Driving Pleasure AT WHAT POINT DOES CONSERVATION BECOME YOUR CONVICTION? While the conversations go on about carbon footprints and a sustainable future you move ahead. Staying true to your belief. By choosing the new BMW ActiveHybrid 5 the most dynamic and intelligent hybrid
      218 words
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      598 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Enticing aroma of Fragrance Group
      912 5  -  HOCK LOCK SIEW By KALPANA RASHIWALA FRAGRANCE Group has been on a property buying spree in the past two months having picked up four development sites for a total of over $700 million: a 60-year leasehold industrial plot next to Aljunied MRT Station at a
      ST FILE PHOTO  -  912 words
    • Article
      Lock icon Sharp slowdown in bank loans to businesses in April
      421 5  -  By CONRAD TAN BANK lending expanded just 0.6 per cent in April, down from 1.5 per cent in March, as loans to businesses slowed sharply. Singapore-dollar business loans made by banks here grew just 0.4 per cent over the month to
      421 words
    • Article
      Lock icon S’pore market cap hit by profit and euro debt jitters
      894 7  -  Local bourse saw loss of $41.7b or 5.2% in market value in May By LYNETTE KHOO THE total market value of stocks traded on the Singapore market tanked in May as investors turned jittery amid negative earnings surprises and the
      894 words
    • Article
      Lock icon S’pore fund investors switch to bonds in Q1: report
      601 7  -  CPFIS funds saw net outflow of $45m but Q1 returns beat CPF rates By KENNETH LIM SINGAPORE investors turned away from equities toward bonds in the first quarter of 2012 amid a late resurgence of macroeconomic concerns, according to a study
      601 words
    • Article, Illustration
      Lock icon Need for growth will kickstart M&A market: HSBC
      516 7  -  By CAI HAOXIANG COMPANIES worldwide might have lost their appetite to gobble each other up, but the mergers and acquisitions (M&A) market could pick up next year, said HSBC global head of M&A Alain Renaud. Businesses will eventually “lose patience” and give
      516 words
    • Article
      Lock icon F1 IPO likely to be later this year
      667 8 CEO Ecclestone cites time pressures and volatile equity market Bloomberg [MADRID] Formula One chief executive officer Bernie Ecclestone said the auto racing series’ planned initial public offering may not take place until later this year because of time pressures and a volatile
      Bloomberg  -  667 words
    • Article
      Lock icon Tat Hong family buys Intraco stake
      532 8  -  29.89% stake sold by former PSC Corp for 18.28m, or 62 cts a share By VEN SREENIVASAN, GLENN CHOO THE family controlling crane giant Tat Hong Holdings has snapped up a controlling 29.89 per cent stake in mainboard-listed trading house Intraco for $18.28 million.
      532 words
    • COMPANY BRIEFS
      • Article
        Lock icon SingXpress Land to place new shares to raise $3.04m
        184 8 CATALIST-LISTED SingXpress Land has entered into a conditional subscription agreement for the private placement of 243 million new shares, that will raise $3.04 million in net proceeds. Following the placement, the sole subscriber, Chua Swee Wah, will own about 5.26 per
        184 words
      • Article
        Lock icon NEL’s full-year loss widens to US$13.9m
        99 8 NEL Group, which was given an extension of time to release its results, sank further into the red for the full year ended Dec 31, 2011. Its 2011 loss was US$13.87 million compared with US$2.07 million for 2010. Full-year revenue fell 32 per cent
        99 words
      • Article
        Lock icon Great Eastern names CEO (Singapore)
        47 8 GREAT Eastern Holdings has promoted Khoo Kah Siang to chief executive officer for its Singapore business. Dr Khoo, 44, was most recently general manager (Singapore), an appointment he had held since April 2011. He is also chairman of Great Eastern Financial Advisers.
        47 words
      • Article
        Lock icon AIM buys property in JB for RM10.75m
        48 8 ADVANCED Integrated Manufacturing Corp (AIM) said it is acquiring a property in Johor Bahru for RM10.75 million (S$4.4 million). The property includes a detached factory which the group intends to use as a manufacturing facility to support its principal business activity.
        48 words
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      Lock icon Page 5 Advertisements Column 1
      375 5 V 1 A > V h*>>- m su ires at ORCHARD DISTRICT S LIFE’S SWEETER WITH PLAZA SINGAPURA AND DHOBY GHAUT MRT STATION CONVENIENTLY LOCATED AT YOUR DOORSTEP. a* fW m. W. Premium residences for the true urbanite at the heart of the city. Nestled between Orchard Road and Marina
      375 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Spain concerns take toll on stocks
      576 6  -  ST Index yields 11.4 points; interest in penny stocks and micro-caps weakens STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI) yesterday dropped 11.41 points to 2,772.54 in moderate volume of 1.9 billion units worth $1.4 billion, excluding foreign currency counters. The average
      Source: Bloomberg  -  576 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 May 31 VALUE CLOSE BT OB/OS -105.00 +64.00 BT CADI -*****.00 +23.00 BT 10-day MA -*****.00 -10.00 FTSE ST Mid Cap 649.15 +1.25 FTSE ST Small Cap 425.34 +3.35 FTSE ST All Share 672.24 -1.68 FTSE ST China Top 192.81 -1.46 FTSE ST China 219.28 -2.62 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 6 VOLUME Goldtron 242,610,000 NexGenSCom 93,163,000 Noble Grp 59,314,000 GSH Corp 55,304,000 Golden Agri 41,051,000 Swee Hong 40,647,000 SingTel 37,303,000 Genting SP 34,694,000 Yoma 33,302,000 Interra 31,206,000 VALUE($) SingTel 114,295,112 DBS Grp 110,944,100 Keppel Corp 81,202,390 Noble Grp 65,727,239 UOB 59,414,380 OCBC Bk 58,718,801 Genting SP 51,934,640 GLP
      56 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      103 6 numv ClOAi 1 Chungs 1 4lO fP.fljf C4pn.ii -and i5-lQ *p.imo taprt.itYUll CUyOev U<|| 'lonifartOr-IGtc am .DtKW OB5 Qi l'J \J2m UIMM f&N fcftOQ •CnlUO ouijJBO ItOflM Owning W V.5OT Gotten Aon WPX ■aofio Hk Land l.iOIX &U0 JMH ninoa -OJJflO bl> VbjQJi CSC i} iw
      103 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 6 2 0 0 0 7 6 2 Manufacturing 36 40 37 9 4 7 45 44 44 Commerce 17 13 11 3 1 5 20 14 16 Tpt/Stor/Comms 17 11 10
      186 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      874 6  -  Compiled by JOYCE HOOI Goodpack May 31 close: $1.65 OCBC Investment Research, May 31 SINCE our last report on May 14, 2012, Goodpack has edged higher by 0.9 per cent as compared to a decline of 3.5 per cent for the Straits Times Index. The slight outperformance came
      Source: Bloomberg  -  874 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 36,215 36,215 131,035 131,035 Manufacturing 231,824 261,832 493,656 211,216 3,824 215,041 Commerce 293,394 3,358 296,752 166,685 218 166,902 Tpt/Stor/Comms 108,934 14,115 123,049 217,966 3,771 221,737 Finance 24,328 24,328 245,310 245,310 Construction 89,140 13,119 102,259 16,601
      121 words
    • Article, Illustration
      Lock icon Euro edges up ahead of Irish vote
      407 6 CURRENCIES Reuters [NEW YORK] The euro edged higher from an almost two-year low against the dollar yesterday on expectations of an Irish vote in favour of Europe’s fiscal pact, but gains could be fleeting as worries about Spain’s debt troubles persist. Extreme positioning
      Reuters; BLOOMBERG  -  407 words
    • Article
      Lock icon RISES
      116 6 BY CENTS CLOSE UP GLD 10US$ ***** 240.3 1.2 DBXT iBoxxUSTr 5US$ ***** 111.8 0.4 DBXT S&P Short 10US$ 3916 60.4 1.2 UOB 5.05%NCPS 100 ***** 50.0 0.5 Hyflux 6% CPS 10 ***** 40.0 0.4 IS MS India 100US$ 550 39.8 6.0 DBS Bk 4.7% NCPS 100 ***** 25.0
      116 words
    • Article
      Lock icon FALLS
      123 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ 8823 -465.2 -3.9 DBXT MSEurope 10US$ 3817 -140.1 -2.8 JMH 4840 -115.7 -1.8 JSH 3027 -107.9 -2.7 DBXT DBCBDJUBS 10US$ 3043 -104.1 -2.6 DBXT STGLDv100 10US$ 2568 -81.0 -2.4 DBXT E50 10US$ 3063 -68.1 -1.7 DBXT FTVietnam 10US$ 2382 -66.8 -2.1 DBXT
      123 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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      86 words
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      Lock icon Page 7 Advertisements Column 2
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      85 words
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      757 8 UP YOUR MANAGEMENT SKILLS Utilising areas of Productivity, Social Media Negotiation Who should attend: Corporate Communications Professionals, Human Resource Professionals, Head Hunters, Search firm owners, Team Leads, Departmental Heads, Operational Managers, Supervisors Register at www.stjobs.sg/seminars FULL-DAY WORKSHOPS Transforming Service Breakdown to Opportunities Monday, 18 June, SPH News Centre (9.30am to
      757 words
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      Lock icon Page 9 Advertisements Column 1
      315 9 BEERFEST ASIA 2012 with OCBC TITANIUM 0 3 -0-7-10 June Marina Promenade, Singapore www.beerfestasia.com Beerfest Asia. Music, 350 beers and comedy at great prices The most fun you can have in Singapore every year. THE COW EDY CLUB ASIA International Tribute Bands Every comedy slot features a showcase by all
      315 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon BNP Paribas remains in expansion mode in Asia
      867 10  -  Visiting CEO says customers see it as a global bank rather than a French bank By SIOW LI SEN BNP Paribas is very committed to Asia and has every intention of expanding its business here, chief executive Jean-Laurent Bonnafe tells BT contrary
      YEN MENGJIIN  -  867 words
    • Article
      Lock icon Sengkang condo site draws just 5 offers
      525 10  -  Top bidder EL Dev plans 800 units priced at $1,000 psf By KALPANA RASHIWALA THE state tender for a 99-year private housing site near Sengkang MRT Station and Compass Point mall yesterday drew just five bids. However, the top bid of $383.333 million
      525 words
    • Article, Illustration
      Lock icon Remanufacturing set to turn into big business
      536 10  -  By MALMINDERJIT SINGH TURNING products nearing the end of their life into ones that are as good as new is going to be a big business. Singapore took a big step towards establishing this new industry yesterday that will help boost productivity, create
      536 words
    • Article
      Lock icon M&C to manage 12 new hotels
      344 10  -  By JOYCE HOOI MILLENNIUM Copthorne Hotels (M&C) a subsidiary of City Developments Limited announced yesterday that it has signed contracts to manage 11 hotels in the Kingdom of Saudi Arabia and one five-star hotel in Tbilisi, Georgia. The 11 Saudi Arabian hotels will have
      344 words
    • Article
      Lock icon NTU ranked 16th in top 100 major young universities
      393 10  -  By TIMOTHY LOH NANYANG Technological University (NTU) has been placed 16th in the inaugural Times Higher Education (THE) Top 100 Under-50, which ranks universities worldwide less than half a century old. This honour comes on the heels of other awards that
      393 words
    • Article
      Lock icon Metal trader’s negligence lawsuit gets thrown out
      491 10  -  By GRACE LEONG A HIGH Court judge has dismissed a $1.17 million negligence lawsuit brought by a metal trader against a warehouse operator and a Subordinate Courts bailiff. South East Enterprises, which owed $27,940 in rent to its warehouse operator, Hean Nerng Holdings,
      491 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon WTO warns of growing threat of Asian protectionism
      328 11 AFP [BANGKOK] The head of the World Trade Organization (WTO) has warned against growing Asian protectionism and says the region will not escape the impact of economic woes across the globe. WTO director-general Pascal Lamy yesterday acknowledged the region’s relative resilience so
      AFP; PHOTO REUTERS  -  328 words
    • Article
      Lock icon Aussie mining boom lifts capital spending
      338 11 Australian dollar edges higher with spending up 6% in the last quarter Reuter [SYDNEY] Australian business investment rose a stronger-than-ex-pected 6.1 per cent in the last quarter, while robust spending plans for the year ahead suggested the country’s mining boom will continue to underpin
      Reuter  -  338 words
    • Article
      Lock icon Japan April factory output grows by weak 0.2%
      431 11 Lower than expected anaemic figures raise concerns about economic recovery AFP [TOKYO] Japan yesterday posted anaemic factory output growth of 0.2 per cent in April, slower than expected and raising concerns about a recovery for the world’s third-largest economy. The economy, trade
      AFP  -  431 words
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      118 11 H'' ♦y w Storewide Carpets Rugs Classics Moderns Tribals Silks Antiques Collectables SINGAPORE ORI ENTALIST WOVEN ART At L > H £7 Q 10 4- O 1L V\ \o Hi .-V® i .it Free Cash We're giving away cash to spend on over 10,000 hand woven carpets, ontop of our
      118 words
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      Lock icon Page 11 Advertisements Column 2
      127 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 Featuring insights and analyses by an eminent and diverse collection of more than 50
      127 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Yeo Hiap Seng jumps on offer of privatisation
      437 12  -  Majority shareholder YHS (S’pore) offers RM3.60 per share in Malaysian unit By PAULINE NG in Kuala Lumpur SHARES of Yeo Hiap Seng (Malaysia) jumped nearly 7.5 per cent yesterday after its majority shareholder, YHS (Singapore) Pte Ltd (YHSS), offered to privatise the
      437 words
    • Article, Illustration
      Lock icon ‘Poverty tourism’ on the rise in Jakarta
      574 12 AFP [JAKARTA] “I decided to experience the real Jakarta,” said a tourist, stepping gingerly between puddles of putrid water and a scurrying rat in a scene that would never make a postcard. Rohaizad Abu Bakar, 28, a bank employee from Singapore, said that
      AFP  -  574 words
    • Article
      Lock icon Indonesia palm-oil exports set to surge
      398 12 Bloomberg [JAKARTA] Palm-oil shipments from Indonesia, the world’s largest producer, are poised to advance 9 per cent in May as importers increase purchases before the Muslim fasting month of Ramadan which this year starts in July. Exports may gain to 1.63 million tonnes from
      Bloomberg  -  398 words
    • Article
      Lock icon Petronas Q1 profit jumps 73%
      271 12 Bloomberg [KUALA LUMPUR] Petroliam Nasional Bhd (Petronas), Malaysia’s state oil company, said that first-quarter profit jumped 73 per cent, bolstered by higher fuel prices and one-time gains from selling its stake in UK power supplier Centrica plc. Net income climbed RM18.2 billion (S$7.4 billion) in
      Bloomberg  -  271 words
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      242 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Graff pulls HK IPO due to market slump
      880 13 UK’s Graff Diamonds was due to price its IPO today and list next week Reuters [HONG KONG] London luxury jeweller Graff Diamonds has pulled its planned US$1 billion Hong Kong initial public offering (IPO), the fourth major IPO to be called off
      Reuters; REUTERS  -  880 words
    • Article
      Lock icon India Q1 growth below expectations, rupee drops
      480 13 AFP [NEW DELHI] India’s economy grew just 5.3 per cent in January-March, its slowest pace in almost a decade, data showed yesterday, as a global slowdown, high interest rates and political deadlock take their toll. The figure, which sharply undershot analysts’ projections of
      AFP  -  480 words
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      Lock icon Page 13 Advertisements Column 1
      133 13 THE BUSINESS TIMES p r e s e n t e d b y BIGGER, BETTER AND PROMISES TO DELIVER MORE THAN EVER BEFORE The Business Times Corporate Golf League offers the ideal platform for companies in Singapore to enhance relationships with clients, expand contacts with industry professionals, while engaging
      133 words
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      5 13 6281 5688 or 6757 4403
      5 words
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  • WORLD
    • Article, Illustration
      Lock icon Yen soars against euro, US$ as risk aversion flares
      649 14  -  Stocks hit 4-month low, stoked by fears over crisis engulfing banks in Spain, Italy By ANTHONY ROWLEY in Tokyo IN what some dealers call incipient signs of “panic”, investors are accelerating their flight out of the troubled euro, pushing the yen
      649 words
    • Article, Illustration
      Lock icon ALL EYES ON DUERER
      77 14 [NUREMBERG, Germany] A sculpture of young Albrecht Duerer at the exhibition entrance in the Germanisches Museum. The sculptor portrayed the “child prodigy” around 1880, when Duerer became the primary hero of German art. The statue was believed to have been destroyed in World War II and
      AP  -  77 words
    • Article, Illustration
      Lock icon Sell firm or break it up, investors tell RIM
      571 14 Bloomberg [TORONTO] Research In Motion (RIM) investors see an outright sale as the best choice for the BlackBerry maker after a series of failed turnaround efforts led management to explore strategic options. RIM said this week it hired JPMorgan Chase Co
      Bloomberg; AP  -  571 words
    • Article
      Lock icon Moody’s cuts Danish lenders’ ratings
      471 14 Bloomberg [COPENHAGEN] Moody’s Investors Service downgraded nine Danish financial institutions, including the country’s biggest bank, Danske Bank A/S, arguing loan books have deteriorated and debt refinancing has become harder. Danish banks suffer from “a weak operating environment, pressurized asset quality and poor profitability”, the rating
      Bloomberg  -  471 words
    • Article
      Lock icon Germany needs pros, but Spain job-seekers won’t fit
      579 14 Reuters [MADRID] Germany is out to attract people who have skills in medicine and engineering. It can use up to 200,000 immigrant workers per year to maintain its economic potential, according to the Bundesbank, while Spain currently has the highest unemployment in
      Reuters  -  579 words
    • Article
      Lock icon Prudential buys Swiss Re insurance unit
      515 14 It will pay £398m in cash for SRLC America Holdings Bloomberg [HONG KONG] Prudential has agreed to buy a life insurance unit of Swiss Re AG for £398 million (S$793.8 million) in cash, the UK’s largest insurer by market value said in a statement
      Bloomberg  -  515 words
    • Article
      Lock icon ECB pushes for joint fund to guarantee bank deposits
      553 16 Draghi urges leaders to clarify vision for euro quickly or risk disaster Reuters Bloomberg [BRUSSELS] The European Central Bank yesterday stepped up pressure for a joint fund to guarantee bank deposits in the eurozone, saying Europe needed new tools to fight
      Reuters; Bloomberg  -  553 words
    • Article
      Lock icon Asia Pac wealth pushes ahead, growing 10.7%
      594 16  -  By GENEVIEVE CUA [SINGAPORE] Wealth in the Asia Pacific ex-Japan defied a general global downtrend, growing by 10.7 per cent in 2011 to about US$23.7 trillion, thanks mainly to robust economic growth rather than the stock market. The Boston Consulting Group reports that
      594 words
    • Article, Illustration
      Lock icon FRENCH PANORAMA DOWN UNDER
      56 16 [MELBOURNE] ‘Portrait of Queen Hortense’ by Baron Francois Gerard on display during the preview of the exhibition Napoleon: Revolution to Empire at the National Gallery of Victoria. The panoramic exhibition, featuring nearly 300 works examining French art, culture and life from 1770 to 1820, takes place
      AFP  -  56 words
    • Article
      Lock icon Eurozone May inflation rate falls more than forecast
      405 16 Bloomberg [ZURICH] European inflation slowed more than economists forecast last month, cooling to the least in more than a year as the economic slump showed signs of deepening. The inflation rate in the 17-nation euro area fell to 2.4 per cent from
      Bloomberg  -  405 words
    • Article
      Lock icon France rebuffs EU warning on pension reform
      510 16 Reuters [PARIS] France’s new Socialist government will push ahead with plans to lower the pension age for people deemed to have worked long enough, Finance Minister Pierre Moscovici said on Thursday, defying an EU warning on the cost of the retirement system. As
      Reuters  -  510 words
    • Article
      Lock icon Money flies out of Spain; ratings of eight regions cut
      500 16 Reuters [MADRID] Spaniards alarmed by the dire state of their banks are squirrelling money abroad at the fastest rate since records began, figures showed yesterday, and the credit ratings of eight regions were cut. Spain is the next country in
      Reuters  -  500 words
    • Article, Illustration
      Lock icon Russian partners in BP venture seek to change 50-50 structure
      723 18 Billionaire partners in TNK-BP may be willing to swap for a stake in BP Bloomberg [MOSCOW] BP plc’s billionaire partners in Russia’s third-biggest oil producer are ready to dissolve the 50-50 structure of TNK-BP as tensions mount. The existing partnership,
      Bloomberg  -  723 words
    • Article
      Lock icon JPMorgan loss shows shortfall of hedging
      782 18 Bloomberg [NEW YORK] JPMorgan Chase Co chief executive officer Jamie Dimon railed against higher capital requirements last year at the same time his bank was using derivatives to hedge more than US$1 trillion of loans and bonds. Those bets, which led to US$2 billion
      Bloomberg  -  782 words
    • Article, Illustration
      Lock icon HELLO (FLYING) KITTY
      45 18 [AMSTERDAM] Orville, a flying helicopter cat made by artist Bert Jansen, is presented at the five-day KunstRai art fair. Some 70 Dutch art galleries are showing and selling contemporary art in the Amsterdam RAI Exhibition and Convention Centre until June 3. AFP
      AFP  -  45 words
    • Article
      Lock icon UK car insurers face anti-trust probe
      449 18 Competition doesn’t appear to work well for drivers: OFT Reuters [LONDON] Britain’s car insurers look set to be investigated by anti-trust regulators after the Office of Fair Trading (OFT) said “dysfunctional” competition pushes up drivers’ annual premiums by £225 million (S$449 million). Insurers jack
      Reuters  -  449 words
    • Article
      Lock icon Top insurer pulls cover for exports to Greece
      489 18 Reuters [FRANKFURT] The world’s biggest trade credit insurer, Euler Hermes, has suspended cover for exporters shipping to Greece because of the mounting risk they would not be paid if the debt-laden nation were forced out of the euro. “Euler Hermes has decided
      Reuters  -  489 words
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  • Page 15 Advertisements
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      5107 15 VOLUNTARY UNCONDITIONAL CASH OFFER by UNITED OVERSEAS BANK LIMITED (Company Registration No.: *****0026Z) (Incorporated in the Republic of Singapore) for and on behalf of TUNG XIN INVESTMENT PTE. LTD. (Company Registration No.: *****2039W) (Incorporated in the Republic of Singapore) to acquire all the issued and paid-up ordinary shares in the
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  • Page 16 Advertisements
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      31 16 k JERRY LUM Snr Marketing Director, MBA, CES CEA Licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg ERA Estate Agent Licence No L*****82K When You Buy, Sell, or Rent
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  • Page 16 Miscellaneous
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  • Page 17 Advertisements
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      2648 17 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF WARC ASIA PTE. LTD. (In Members’ Voluntary Winding-Up) Company Registration No. *****3966H RESOLUTIONS PASSED ON 23RD DAY OF MAY 2012 At an Extraordinary General Meeting of the Company
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      1660 17 CIMC RAFFLES OFFSHORE (SINGAPORE) LIMITED (the “Company”) (Registration No. *****1560D) Registered Office 1 Claymore Drive, #08-04, Orchard Tower Rear Block Apartment, Singapore *****4 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held on Monday, 18 June 2012 at 10.00
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      33 18 RK’s world He can move only two toes, yet has sketched a life with many lessons for us INDIAN SINGAPOREAN CONQUERS EVEREST GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
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  • AVIATION/SHIPPING
    • Article
      Lock icon Moody’s sees shipping Ebitda dipping 5-10%
      585 19  -  Sharper drop in earnings likely if eurozone and Gulf crises worsen By LYNN KAN MOODY’S Investor Service foresees aggregate Ebitda across the shipping industry slipping 5-10 per cent over the year as operators continue to struggle against persistently high bunker prices. The decline could
      585 words
    • Article, Illustration
      Lock icon Indonesia finds Sukhoi’s second black box
      338 19 AFP [JAKARTA] Indonesian searchers have found the second “black box” of a new Russian passenger jet three weeks after it crashed into a mountain, killing all 45 people on board, an official said yesterday. “We found the flight data recorder (FDR) on Wednesday. It
      AFP  -  338 words
    • Article
      Lock icon TRANSPORT STOCKS
      257 19 SGX '000 May 31 S$ +/-Vol CH Offshore 0.42 0.01 105 Chuan Hup Hldg 0.22 unch 25 Cosco Corp 1.02 0.04 ***** S$ Ezra Hldgs 0.95 0.01 2146 First Ship Lea 0.17 unch 145 Freight Links 0.06 unch 310 Grand Banks unch unch 0 Jaya Hold Ltd 0.62
      257 words
    • Article
      Lock icon For sale: China ships at a heavy discount
      310 19 Reuters [SINGAPORE] Chinese shipyards are offering to sell vessels at discounts of more than 20 per cent as builders look to protect market share from higher-quality Asian rivals and stay afloat amid a wave of consolidation, industry sources said. Rock bottom freight
      Reuters  -  310 words
    • Article
      Lock icon United to cut 1,300 jobs, some service at Houston’s main airport
      560 19 City backs Southwest bid to start flights from another facility Bloomberg [ATLANTA] United Continental Holdings Inc plans to cut 1,300 jobs and some service at Houston’s main airport after the city backed Southwest Airlines Co’s bid to start international
      Bloomberg  -  560 words
    • Article, Illustration
      Lock icon Tiger Airways now flies to Colombo
      298 19  -  Airline starts thrice weekly flights to Sri Lankan city By VEN SREENIVASAN TIGER Airways launched its inaugural direct service between Colombo and Singapore yesterday. TR2572 arrived in the Sri Lankan capital at 10.05pm to mark the first regional low-cost flight between Colombo and Singapore.
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    • Article
      Lock icon Kingfisher’s worst ever loss sends shares to record low
      618 19 Reuters [NEW DELHI] India’s Kingfisher Airlines’ posted its worst-ever quarterly loss yesterday, as huge cuts in the number of flights compounded the woes of a cash-strapped carrier facing high fuel prices and intense competition for low fares, sending its shares down
      Reuters  -  618 words
    • Article
      Lock icon The Business Times Shipping times
      3514 25 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN
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  • EDITORIAL & OPINION
    • Article
      Lock icon BOJ should steer clear of austerity drive
      488 20 EDITORIAL IS the Bank of Japan confining the world’s third largest economy in a monetary straitjacket? The question is particularly relevant at a time when not only is monetary policy on a very loose, and still slackening, rein in the US and Europe
      488 words
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      Lock icon The yin and yang of yen-yuan cross trading
      864 20  -  THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent TODAY will be a historic day for Japan and China, although it is hardly one that is likely to be celebrated by singing and dancing in the streets of either of their capital cities. Instead,
      864 words
    • Article, Illustration
      Lock icon India reeling under the curse of rent-seekers
      1107 20  -  Affected areas are infrastructure, power generation, and even the process of govt itself YOGI AGGARWAL THREE years after it began its second term, the Con-gress-led United Progressive Alliance (UPA) is stuck in a political logjam. It is threatened by unreliable allies, corruption charges
      FILE PHOTO  -  1,107 words
    • Article, Illustration
      Lock icon Unfettered free markets and morals
      876 21  -  By NICHOLAS D KRISTOF NYT DOES it bother you that an online casino paid a Utah woman, Kari Smith who needed money for her son’s education US$10,000 to tattoo its website on her forehead? Or that Project Prevention, a charity, pays women with drug or
      NYT; BLOOMBERG  -  876 words
    • Article, Illustration
      Lock icon Value of values in corporate decision-making
      1216 21  -  For an ethics programme to be effective, all permutations in the good-bad continuum have to be addressed By DANIEL MALAN The writer is director of the Centre for Corporate Governance in Africa, University of Stellenbosch Business School, South Africa WE are at a defining
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2471 22 Transaction date: May 31 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 114 +1.5 108 114 113 113.5 114 7.3 10.9
      2,471 words
    • Article
      Lock icon SGX CATALIST
      175 23 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale (‘000) High Low Suyer Seller C'vr P/E Smil 1
      175 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8000 23 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FundCI A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited Asian Local Cxy SD Bond ....1.0039/ EM Local Cty Bond
      8,000 words
    • Article
      Lock icon GLOBALQUOTE
      188 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 46 25.5 Genting HK US$ US31.5 unch 2632 31.5 31 31 31.5 2074.1 Vol 201 168 TanChongInt HK185xd 179 185 4.3 3.8 6.2 3725.7 STOCK PRICES LEGEND:
      188 words
    • Article
      Lock icon SGX ETF
      912 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 103 95.8 CIMB APAC Div 100US$ US96 96.7 97.8 10.1 1261 856 CIMBAsean40 100US$ US950 -3 1 950 938 948 951 149 ***** ***** DBXT AUD
      912 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX FUTURES
      601 24 May 31 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8499.68 8542.73 8455.13 Jun12 8585.00 8595.00 8450.00 8535.00 *****9 *****8 Sep12 8570.00 8580.00 8450.00 8525.00 8157 ***** MSCI TAIWAN INDEX FUTURES SPOT 257.25 261.15 254.24 Jun12 258.00 259.20 252.80 258.30 ***** *****1 Jul12 256.30 256.30
      601 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      105 24 As on 30 May 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) CURRENCY AUD-USD FUT JUN2012 .9779 .9709 .9699 1426 EUR-USD FUT JUN2012 1.2476 1.2385 1.2386 4915 BASE METAL COPPER FUT JUL2012 7596 7447 7472 2170 INDEX IRON ORE (MBIO) IDX FUT MAY2012 133.90 133.60
      105 words
    • Article
      Lock icon CHICAGO BOT
      107 24 May 30 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1373.25 1386.75 1394.50 1364.25 Aug 12 1354.25 1367.25 1373.00 1347.25 Sep 12 1321.00 1326.75 1332.75 1310.75 Nov 12 1293.00 1293.50 1302.00 1281.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 49.69
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 24 CRUDE OIL PRODUCTS May 30 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 103.61 -3.82 WTI (Near Mth) 87.48 -3.26 Dubai (1-Mth F) 102.95 -1.86 Tapis blend 111.40 -2.40 Minas 112.30 -2.40 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 92.83 -1.73 Jet Kerosene 118.35 -2.43 US$/barrel OpecOil Basket
      76 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 24 May 31 S$ Bid Offer 1-month 1.2850 1.2861 2-months 1.2849 1.2859 3-months 1.2848 1.2858 6-months 1.2838 1.2849 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      65 24 May 30 May Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1967.75 1978.25 3 months 2007.00 2017.00 Copper, Grade A(US$/tonne) Cash 7483.00 7680.00 3 months 7477.50 7670.00 Lead(US$/tonne) Cash 1907.50 1931.50 3 months 1922.00 1946.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months
      65 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 24 In local curr In S$ In US$ dy yr dy yr dy yr May 30 Index Change Change Change Change Change Change World Preliminary 839.9 -1.2 1.2 -0.7 -0.6 -1.5 0.0 EAFE Preliminary 664.8 -1.2 -2.5 -1.0 -5.8 -1.9 -5.2 Europe Preliminary 985.6 -1.6 -4.0
      373 words
    • Article
      Lock icon LIFFE
      80 24 May 30 COCOA (£/tonne) Close Prev High/Low Jul 12 1450 1475 1469/1442 Sep 12 1448 1467 1462/1440 Dec 12 1432 1448 1444/1423 Mar 13 1414 1428 1425/1406 COFFEE(US$/tonne) Close Prev High/Low May 12 2211 2237 2234/2192 Jul 12 2213 2241 2248/2205 Sep 12 2189 2218 2224/2188 Nov 12 2175
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1285 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 355 8.25 24 Conv Ratio Baker Technology Ltd W*****6 1 halt 1 32 20 27.50 6 Best World Intl Ltd W*****5 0.6 1 30 70
      1,285 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 24 May 31 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.000 6.204 0.785 7.558 54.876 91.796 0.768 11.486 3.094 1.287 91.105 42.350 1.251 8.302 0.942 29.056 31.014 0.628 0.973 Canada 1.000 6.204
      470 words
    • Article
      Lock icon SIBOR
      54 24 May 31 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 0.***** SWAP Mid rates (S$) 0.***** SWAP Mid rates (S$) 1 yr 0.*****
      54 words
    • Article
      Lock icon PRECIOUS METALS
      136 24 May 31 GOLD(US$/oz) May 31 May 30 Hong Kong 1573.00 1556.00 May 30 May 30 May 29 London 1551.61 1576.70 1552.38 1577.50 Source: Thomson Reuters CAST BAR May 31 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 156 65 5gm 442 324 10gm
      136 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      86 24 May 31 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 30-Aug-12 0.28 1-Year BY*****T 02-May-13 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.02 5-Year N*****0Z 2.375 01-Apr-17 108.7 108.8 108.8 BQ*****T 30-Auq-12
      86 words
    • Article
      Lock icon PALM OIL
      57 24 May 31 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 12 3059.0 3079.0 3075.0 3054.0 37 2548 Jul 12 3095.0 3109.0 3115.0 3083.0 1817 ***** Aug 12 3099.0 3111.0 3119.0 3083.0 ***** ***** Sep 12 3099.0 3105.0
      57 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 24 May 31 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2504 1.2525 0.9730 0.9739 Canadian dollar 1.2508 1.2523 0.9733 0.9737 Euro 1.5942 1.5961 1.2405 1.2410 NZ dollar 0.9715 0.9727 0.7560 0.7563 Sterling pound 1.9904 1.9923 1.5488 1.5491
      154 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 24 As at 9am May 31 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.276 1.216 Can dollar 1.278 1.218 Euro 1.630 1.553 Sterling pound 2.031 1.953 NZ dollar 0.995 0.948 US dollar 1.309 1.259 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 24 May 31 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.06 US$ 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 1.00 0.80 12
      154 words
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  • Page 25 Advertisements
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      47 25 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
      47 words
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      Lock icon Page 25 Advertisements Column 2
      18 25 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. _the Business Times Shipping Times
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  • Page 26 Advertisements
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      Lock icon Page 26 Advertisements Column 1
      125 26 TO ADVERTISE IN .The Business Times Shipping Times CALL JOE WONG I FREIGHT FORWARDER urgently needed by shippers i Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WO IMG AT 9620 1327 M Announce Your Corporate Development Come publicise your Project Completion, Ship Christenings
      125 words
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  • WINE
    • Article, Illustration
      Lock icon Club for cult beer fans
      580 27  -  By CHRISTOPHER LIM JUDGING from the variety of beers available at the last three iterations of Beerfest Asia, which have included everything from chocolate to lychee-flavoured varieties, the jaded festivalgoer might assume he’s seen it all. But there are quite a number of interesting new
      PHOTOS: BEERFEST ASIA  -  580 words
    • Article, Illustration
      Lock icon White hot over wine
      1212 27  -  White wines with excellent pedigree are standout choices for any occasion, writes N K YONG writesN N K YONG THE infrequency with which white wine is consumed here makes every white wine of note consumed or tasted worthy of comment. Especially when the wines bear names
      1,212 words
    • Article, Illustration
      Lock icon Women warm to white wines
      633 27  -  HONG KONG VINEXPO By STEPHEN COATES AFP FRUITY reds are the kings of the Chinese wine market, but experts at Asia’s biggest wine fair say women are leading a trend towards whites that will open new revenue streams for producers worldwide. Chinese drinkers consume an
      AFP; PHOTOS: REUTERS, AFP  -  633 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      327 27 CRYPTIC CROSSWORD Across 1 Rows in forms that will please the eye (11) 9 Collect material for concrete (9) 10 Hesitate to declare after Warwickshire’s opening (5) 11 Run out on the sand (6) 12 Sci-fi show celebrity to take long, hard journey (4,4) 13 Love to wander about a
      327 words
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  • ENTERTAINMENT/ARTS
    • Article, Illustration
      Lock icon Wiz kids cast a spell
      973 28  -  James and Oliver Phelps aka Fred and George Weasley show their own special sleight of hand at the opening of the Harry Potter exhibition here, reports AARON JUSTIN TAN reportsAARON reportsAARON JUSTIN TAN THEY’RE known as James and Oliver Phelps to their parents and friends
      PHOTOS: PHELPS TWINS BY YEN MENG JIIN; EXHIBITS: WARNER BROS ENTERTAINMENT  -  973 words
    • AroundTown
      • Article, Illustration
        Lock icon Art
        310 28 Unheard Voices of the Red Light District: The red light district (above) remains largely a taboo subject and it’s not often that someone who works there is willing to share her story. But drop by The Substation Gallery next week, and check out a multimedia exhibition featuring the lives
        310 words
      • Article
        Lock icon Stage
        181 28 >55 Minutes: The topic of “conversation” is explored using gestures and gyrations in this dance piece to be staged at the Drama Centre Black Box this weekend. A collaboration between the local Maya Dance Theatre and America’s ODC, the performance explores the evolution of communication, especially with rapid technological
        181 words
      • Article, Illustration
        Lock icon Talk
        141 28 Cesar Millan Live in Singapore: The world-famous “dog whisperer” Cesar Millan (below) takes the stage at the Marina Bay Sands Grand Theatre this weekend with a two-hour live seminar packed with insights into dog psychology. His show will be broken up into two parts the first will focus on
        141 words
      • Article
        Lock icon Film
        111 28  -  Compiled by RACHEL LOI The 3rd Experimental Film Forum: Break from the norm and experience experimental films for a change at The Substation Gallery next week with the 3rd Experimental Film Forum. The line-up features works from both local and international filmmakers, and is curated by Aishah Abu Bakar
        111 words
    • Article, Illustration
      Lock icon Gun for devilish derring-do
      539 28  -  By CAI HAOXIANG FOR seasoned gamers, some titles are laughably easy. A case in point is the normal difficulty mode of Diablo III. One can breeze through Acts I to IV in half a day, defeating the final boss without dying once. But to claim the
      PHOTOS: BLIZZARD ENTERTAINMENT  -  539 words
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  • MUSIC
    • Article, Illustration
      Lock icon Gaga’s monster ball
      602 29  -  Meat sofa and mediaeval castle aside, the most moving moments were when the star reached out to her fans, writes AARON JUSTIN TAN writesAARON writesAARON JUSTIN TAN SHE may have been Born This Way, but Lady Gaga also Led The Way in terms of flashy showmanship at
      FILE PHOTOS  -  602 words
    • Article, Illustration
      Lock icon Top brass from jazz belt it out
      550 29  -  By AARON JUSTIN TAN ENTERTAINING the crowd isn’t enough for some of the performers at the annual Brass Explosion! 2012 festival, which is back for its third year. For French horn player Sarah Willis and multi-instrumentalist James Morrison, inspiring the audience and participating
      PHOTOS: BRASS EXPLOSION! 2012  -  550 words
    • Article, Illustration
      Lock icon Heartfelt tribute to Yong
      496 29  -  By RACHEL LOI IF you were asked what you would most likely remember Emma Yong (right) for, what would be the first thing to come to mind? For most Singaporeans familiar with the local actress who died recently of cancer, it would be her role as
      EMMA YONG FUNDRAISING CONCERT  -  496 words
    • Article, Illustration
      Lock icon Kaleidoscope of K-pop
      553 30  -  By DYLAN TAN THERE are plenty of tears and mascara running in I Am: SM Town and that’s just from the boys in Super Junior, one of the 32 artists from star-making Korean record label, SM Entertainment. Although it’s billed as a K-pop music documentary with material
      553 words
    • Article, Illustration
      Lock icon In reggae’s embrace
      952 30  -  Ziggy Marley remembers his father in Marley, writes CHRISTOPHER LIM writesCHRISTOPHER CHRISTOPHER LIM Marley Bob Marley and The Wailers Island Rating: B JAMAICAN reggae legend Bob Marley is considered by many a modern folk hero on a par with the likes of Che Guevara, so even though
      952 words
    • Article, Illustration
      Lock icon Chained to love
      469 30  -  By DYLAN TAN THOUGH never credited, Eighties shoegazers The Jesus and Mary Chain (JAMC) could well have written the rule book on indie cool just by being always fashionably unfashionable with their brand of distor-tion-driven New Wave guitar pop-rock. Their too-cool-for-school attitude might ironically also have rubbed
      FRANCO TOH  -  469 words
  • Page 29 Advertisements
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      125 29 BRIAN WILSON, MIKEJlbvE AL JARDINE, BRUCE JOHNSTON, DAVID MARKS TOURING TOGETHER FOR THE FIRST TIME IN MORE THAN TWO DECADES SOL Vi A vV, VSINGAPORE INDOOR STADIUM t Barbara Ann California Girls Catch A Wave Disney Girls Do V>u Wanna Dance Don't Worry Baby Fun Fun Fun God Only Knows
      125 words
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  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      248 30 Learn to Trade Spot Forex UNDER LIVE MARKET CONDITIONS FROM THE CHIEF DEALER tt Chief is practically 'a living textbook.' His ability to predict the next probable move must have come from his deep knowledge and experience, of over 30 years, trading with the best in the world. J J
      248 words
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  • CINEMA
    • Article, Illustration
      Lock icon Snowed under
      618 31  -  A familiar children’s classic gets an unwieldy postmodern twist with Charlize Theron as the deliciously venomous Stepmother, reviews GEOFFREY EU reviewsGEOFFREY reviewsGEOFFREY EU I N the realm of once-up-on-a-time, few fables rank higher than the one about a princess who is as pure as the driven snow, her
      PHOTOS: UNIVERSAL STUDIOS  -  618 words
    • Article, Illustration
      Lock icon French flair for comedy
      720 31  -  By RACHEL AU-YONG LISTENING to French director Nicolas Cuche talk about the art of comedy is almost enough to make you cry. “It’s so tough,” he repeats in his native tongue, as if to temper expectations about his latest offering, La Chance de ma Vie, or
      PHOTOS: FESTIVE FILMS  -  720 words
    • Article, Illustration
      Lock icon Rituals and rock
      575 31  -  By RACHEL AU-YONG AS much as one wants to beat the drum for the Taiwanese sleeper hit Din Tao: Leader of the Parade, its gorgeous cinematography, enthusiastic up-and-coming cast and a couple of funny one-liners here and there all still leave this looking like a predictable film.
      PHOTOS: WARNER BROS  -  575 words
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