The Business Times, 28 December 2012

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Microfilm: NL32339
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Friday, December 28, 2012
    25 words
  • Article
    Lock icon In a year of fear, dividend stocks shine
    1213 1  -  They provide bigger total returns than high-growth counterparts; views are divided over next year By CAI HAOXIANG [SINGAPORE] In a year ravaged by fears about a Greek default, a hard landing in China and a US recession, high-dividend stocks beat their racier
    1,213 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,183.93 (+3.12) GST INDEX FUTURES 3,184.00 (+3.00) HSIMSCI 360.15 (-0.13) HSIMSCI FUTURES 360.60 (-0.60) US$ S$ US$ (S$ per US$) 1.222 (US$/S$ per 1.614 1.973 EURO (US$/S$/€) 1.325 1.620 Foreign currency per US$ S$ YEN 85.70 70.10 RM 3.064 2.506 HK$ 7.751 6.341 BAHT 30.65 25.07 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Thursday Change KL COMP 1,674.16 +2.58 NIKKEI 225 10,322.98 +92.62 HANG SENG 22,619.78 +78.60 SET INDEX 1,397.19 +14.96 JAKARTA COMP 4,281.86 +6.77 MANILA COMP 5,794.89 -37.94 SEOUL COMP 1,987.35 +5.10 SHENZHEN B 684.86 +11.63 MUMBAI IND 19,323.80 -93.66 11am EST Change DOW 13,041.03 -73.56 NASDAQ 2,975.04 -15.12
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    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.144 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
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  • Article
    Lock icon Goldman heads for S’pore property market exit
    616 1  -  It is expected to sell remaining stake in 16 Collyer Quay to NTUC Income By KALPANA RASHIWALA [SINGAPORE] NTUC Income, which early last year acquired a 49 per cent stake in 16 Collyer Quay from Goldman Sachs, is now believed to be stitching
    616 words
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      55 1 EXECUTIVE LIFESTYLE Looking back at topsy turvy 2012 and looking ahead to 2013 PAGES 27 28 BOND MARKET Set for another buoyant year PAGE 4 8 *****1 *****4 BREITLING INSTRUMENTS FOR PROFESSIONALS m SsSSSl Mi 9 V Mi fS* A -■> o. <» N.-f ■Vv 89? v > f Vwj
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      11 1 WEATHER WOES Flights cancelled as storm pounds north-eastern US PAGE 18
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  • TOP STORIES
    • Article, Illustration
      Lock icon Going for gold, but not at recordbreaking pace
      722 2  -  Investors already own huge amounts of it via bullion in vaults and ETPs By NEIL BEHRMANN in London GOLD has been an extraordinary investment since it bottomed around US$250 an ounce in the autumn of 2001. Since then, it has risen 662
      PHOTO: REUTERS  -  722 words
    • Article
      Lock icon Treasury plans special measures to avert default
      531 2 Govt can buy about 2 months’ more time, says Geithner WP [WASHINGTON] The US government will hit the US$16.4 trillion federal debt limit next Monday and turn to “extraordinary measures” to continue borrowing, the Treasury Department said on Wednesday, beginning a countdown until
      WP  -  531 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      337 2 In a year of fear, dividend stocks shine IN a year ravaged by fears about a Greek default, a hard landing in China and a US recession, high-dividend stocks beat their racier high-growth counterparts in total returns. In Singapore, investors putting their money in the top 20 stocks
      337 words
    • Article
      Lock icon Investment banks face slump in once-shining emerging markets
      509 2 Reuters [LONDON] Already struggling at home with weak revenues and tough new capital and leverage requirements, investment banks are now also facing a slump in their once most promising business: emerging markets, in particular China and India. Fees are plummeting because of
      Reuters  -  509 words
    • Article, Illustration
      Lock icon JTC releases 3 industrial sites for public tender
      521 2  -  By ONG CHOR HAO [SINGAPORE] JTC Corporation has put up for public tender the final batch of sites in the Confirmed List under the Industrial Government Land Sales programme for the second half of this year. The latest three plots, among 16
      521 words
    • Article, Illustration
      Lock icon Penguin in bondage hides real risks in media M&A
      373 2  -  REUTERS BREAKINGVIEWS By QUENTIN WEBB [LONDON] Three deals from 2012 will reshape the book, music and film industries in 2013: Penguin’s merger with Random House; Universal’s US$1.9 billion purchase of EMI’s re-corded-music business; and Walt Disney’s US$4.1 billion takeover of Lucasfilm.
      373 words
    • Article
      Lock icon Retirement income schemes given a boost
      1312 3  -  Participants of SHB and LBS will now get more cash when they monetise their HDB flats By MINDY TAN [SINGAPORE] The enhancements made to the Silver Housing Bonus (SHB) and Lease Buyback scheme (LBS), which will enable elderly Singaporeans to top up less of
      1,312 words
    • Article
      Lock icon China factory profits grow at faster pace in November
      344 3 Among 41 sectors surveyed by statistics bureau, 30 report rising profits in first 11 months Reuters [BEIJING] Annual growth of China’s industrial profits quickened to 22.8 per cent in November from October’s 20.5 per cent, official data showed yesterday, reinforcing signs
      Reuters  -  344 words
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      105 3 V A s Depuis 1775 r d k *4 r e mno A M A r tWk ►v*ra V. m ■> V w Breguet, the'innovator, Marine Tourbillon with chronograph v A member of the Board of Longitudes as of 1814, Breguet was'kppointed Horologer to the French Royal Navy by Louis
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      520 4 AIMING FOR A PROPERTY NEAR A CHOICE SCHOOL? Home > Properties Near School For Sale 0 Properties near Schools For Sale Primary Schools For Room Renta ADMIRALTY PRIMARY SCHOOL Al TONG SCHOOL AHMAD IBRAHIM PRIMARY SCHOOL ANCHOR GREEN PRIMARY SCHOOL ANDERSON PRIMARY SCHOOL ANG MO KIO PRIMARY SCHOOL ANGLO-CHINESE SCHOOL
      520 words
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      165 4 GOOD CLASS BUNGALOW FOR SAL CALDECOTT ***** sf. Face nature reserve, quiet 8 1 private. Nice land. $2I.8M CLUNY *****/ 9000 sf. 3 min walk to Botanies Gdn ENG NEO AVE ***** sf. Beautiful tropical house. EWART PK ***** sf. Beautiful modern house FORD AVE ***** sf Hilltop designer decor
      165 words
  • COMPANY NEWS
    • Article, Illustration
      Lock icon Local bond market headed for another buoyant year
      898 4  -  Bond issuance jumps almost 50% to top $31 b; perpetual bonds up 200% By SIOW LI SEN FOR the local bond market, 2013 is expected to be just as buoyant as the year gone by. It will be the main draw for
      898 words
    • Article
      Lock icon Nikko Asset profit ‘must rise before IPO’
      472 4 Bloomberg [TOKYO] Nikko Asset Management Co, the unit of Sumitomo Mitsui Trust Holdings Inc that shelved an initial public offering in 2011, must reap sustainable profit gains before listing, the parent company’s chairman said. “We’ll stick with the share offering plan,” Hitoshi Tsunekage,
      Bloomberg  -  472 words
    • Article, Illustration
      Lock icon Q&M Dental offers $22.7m for SMG
      644 5  -  Dental group grabs opportunity to expand into medical services By CAI HAOXIANG Q&M Dental Group has launched a $22.7 million bid to take over Singapore Medical Group (SMG), in pursuit of an opportunity that will take it beyond its dental healthcare roots into the
      FILE PHOTO  -  644 words
    • Article
      Lock icon Technics to raise $11.2m by issuing 10.7m new shares
      413 5  -  It plans to use the proceeds to repay its bank borrowings By LEE MEIXIAN BUCKING a general trend of companies selling placement shares at a discount, Technics Oil Gas Ltd said yesterday that it is raising net proceeds of $11.2 million
      413 words
    • Article, Illustration
      Lock icon SC Global hits 2-week low on adviser’s report
      486 5 Bloomberg [SINGAPORE] SC Global Developments Ltd dropped to a two-week low yesterday after an independent financial adviser said CEO Simon Cheong’s $745 million buyout offer is “fair and reasonable”. The stock, which had closed above Mr Cheong’s offer price of $1.80 for
      Bloomberg; FILE PHOTO  -  486 words
    • Article
      Lock icon Keppel O&M order tally hits $9.9b, just shy of record
      310 7  -  By LYNN KAN KEPPEL Corporation’s offshore and marine arm came within a hair’s breath of its $10 billion record order win set last year with its latest batch of orders. Keppel Singmarine and Keppel Shipyard the specialised shipbuilding yard and
      310 words
    • Article
      Lock icon Bumper year for Nam Cheong with record number of vessels sold
      347 7  -  By CARINE LEE NAM Cheong Ltd has sold three more vessels worth US$56.4 million, bringing the number sold this year to a record high. Secured through its wholly owned subsidiary Nam Cheong International Ltd, the contracts are for one
      347 words
    • Article, Illustration
      Lock icon Betting on Asian frontiers pays off for US investor
      765 7 NYT [PHNOM PHEN] Investors started poking around for deals here five years ago, as the war-torn country began to move past its legacy of genocide and coups. When the global financial crisis struck, Cambodia’s fast-growing economy crashed and the dollars flowing
      NYT; PHOTO: REUTERS  -  765 words
    • Article, Illustration
      Lock icon EGM has no bearing on Olam rights issue
      671 7  -  Sub-underwriting arrangement will not be affected by vote on commission By ANDREA SOH OLAM International’s shareholders may be headed to its extraordinary general meeting (EGM) on Jan 15 next year, but whichever way their votes go, the company’s rights issue and its
      671 words
    • Article
      Lock icon Transview’s full-year profit falls 11% as operating costs rise
      320 7  -  By JASMINE NG TRANSVIEW Holdings has posted an 11 per cent fall in its full-year net profit to $906,000 from $1.02 million a year ago despite a marginal rise in revenue. The golfing equipment company attributed the lower earnings for the
      320 words
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      24 5 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. (Q0 KAT3 NOTICES
      24 words
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      101 5 MONTIGO RESORTS 4 1 3 v <p f -gV Artist's impre ffl«, y Paradise is closer than you think. A multi-award winning resort, a luxurious holiday home. Just 30 minutes away from Singapore by private yacht charter, Aqua Voyage. For exclusive ownership, call us at (65) 8383 4808 montigosales@kopgroup.com montigoresortsnongsa.com
      101 words
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      406 5 More nimble than large caps, more stable than small caps. Why are U.S. mid caps in the sweet spot for investment? Get Substance the UBS House View Go to www.ubs.com/investment-ideas or scan the QR code with your smartphone 0 0 SafSt 0 Please contact your UBS client advisor, or call
      406 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Heavy activity from penny stocks
      508 6  -  Peter Lim-linked Rowsley and Informatics pull back; top five active stocks all under 20 cents apiece STOCKS KENNETH LIM Correspondent SMALL fry made big noise in an otherwise quiet trading session yesterday. Penny stocks dominated activity, with counters linked to Peter Lim pulling back from
      Source: Bloomberg  -  508 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      73 6 Dec 27 VALUE CLOSE BT OB/OS 365.00 -31.00 BT CADI -*****.00 +56.00 BT 10-day MA -*****.00 +37.00 FTSE ST Mid Cap 769.68 -0.74 FTSE ST Small Cap 517.78 +1.15 FTSE ST All Share 778.48 +0.55 FTSE ST China Top 211.43 +0.84 FTSE ST China 237.22 +1.66 FTSE
      73 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 6 3 0 0 0 8 6 3 Manufacturing 67 45 36 13 7 6 80 52 42 Commerce 22 23 16 5 6 2 27 29 18 Tpt/Stor/Comms 15 14 9
      186 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      920 6  -  Compiled by JOYCE HOOI Technics Oil Gas Dec 27 close: $1.055 OSK Research, Dec 27 TECHNICS said it will place 10.7 million shares to Eversendai Corporation Bhd at $1.05 per share, which is a 2 per cent premium to Wednesday’s average trading price. Bucking the recent trend of
      Source: Bloomberg  -  920 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 17,533 17,533 32,554 32,554 Manufacturing 417,180 96,944 514,124 205,327 2,561 207,888 Commerce 346,050 24,656 370,706 195,344 1,165 196,509 Tpt/Stor/Comms 62,638 18,513 81,151 92,750 5,827 98,578 Finance 129,519 113 129,632 80,511 46 80,557 Construction 126,886 153,836
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 6 Stock name Close Change CapMallsAsia 1.940 CapitaLand 3.730 +0.010 CapitaMall 2.130 CityDev 12.900 -0.060 ComfortDelGro 1.780 DBS Grp 14.860 -0.050 F&N 9.660 -0.020 GLP 2.750 -0.040 Genting SP 1.380 +0.005 Golden Agri 0.650 +0.005 HK Land 7.000 +0.030 IHH Healthcare 1.355 +0.005 JMH 63.550 +0.550 JSH
      111 words
    • Article, Illustration
      Lock icon Yen slides to 2-year low against dollar
      491 6 CURRENCIES Reuters [LONDON] The yen fell to its lowest against the US dollar in more than two years yesterday, on expectations that a new government in Tokyo will push for aggressive monetary stimulus and take steps to weaken the currency. The dollar rose
      Reuters; PHOTO: BLOOMBERG  -  491 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      52 6 VOLUME MDR 330,088,000 Informatics 221,208,000 MDR W*****5 179,522,000 GSH Corp 176,291,000 YHM 151,642,000 Healthway 118,988,000 Memstar 75,893,000 Innopac 72,647,000 EMS Ener 59,094,000 Mewah 55,468,000 VALUE($) Wilmar 63,415,760 JMH 63,315,427 JSH 40,320,318 Genting SP 39,958,815 SingTel 37,312,630 Mewah 30,937,695 DBS Grp 29,352,660 Olam 29,303,910 Informatics 29,192,159 GLD 10US$
      52 words
    • Article
      Lock icon RISES
      110 6 BY CENTS CLOSE UP JMH 6355 67.2 0.9 JSH 3685 64.8 1.5 DBS Bk 4.7% NCPS 100 ***** 34.0 0.3 CIMBAsean40 100US$ 1089 23.2 1.8 CIMBASEAN40 100S$D 1338 23.0 1.7 Lyxor Asia EX 10US$ 449 20.8 3.9 DBXT MSBrazil 10US$ 556 18.3 2.8 DairyFarm 1100 18.3 1.4 DBXT MSINDO
      110 words
    • Article
      Lock icon FALLS
      120 6 BY CENTS CLOSE DOWN IS S&P500 ***** -134.4 -0.8 GLD 10US$ ***** -116.1 -0.6 SPDRS S&P 500 10US$ ***** -83.1 -0.5 OCBC Bk 5.1%NCPS 100 ***** -17.0 -0.2 Jardine C&C 4805 -15.0 -0.3 Spore Land 750 -13.0 -1.7 OCBC Bk 4.5%NCPS 100 ***** -10.0 -0.1 DBS.ES.1212 1484 -9.0 -0.6
      120 words
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      561 7 A message from Greenwich Pacific Pte. Ltd. (the “Offeror”) to the shareholders of GUL TECHNOLOGIES SINGAPORE LTD Offer by the Offeror to acquire all the issued ordinary shares in the capital of Gul Technologies Singapore Ltd (other than those already owned, controlled or agreed to be acquired by certain concert
      561 words
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      1559 8 ADVERTISING FEATURE A Rising MICE Destination And Its Ascending Stars The future of the Korean MICE (Meetings, Incentives, Conventions and Exhibitions) industry brims with great promise. As its glowing track record shows, the industry has been fast developing in the recent years. From the Nuclear Security Summit in Seoul (March
      1,559 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Small firms more optimistic about growth in 2013: study
      447 9  -  But they appear less confident about their own business prospects next year By FELDA CHAY SMALL businesses in Singapore are more optimistic about economic growth in the year ahead as compared to 2012, yet less positive about their own business prospects,
      447 words
    • Article
      Lock icon Rock cavern operator selection in final stage
      502 9  -  By RONNIE LIM THE choice of an operator for the S$890 million first phase of the Jurong Rock Cavern (JRC) with four potential groups shortlisted so far is entering its final stage. Already behind its earlier mid-2012 timeline for this, and with the
      502 words
    • Article
      Lock icon SDP to contest Punggol East seat if by-election is announced
      464 9  -  By LEE U-WEN THE opposition Singapore Democratic Party (SDP) has officially announced it will contest the now-vacant Punggol East constituency parliamentary seat, all but ensuring a multi-cornered fight should a by-election eventually be called. The party remained tight-lipped as to
      464 words
    • Article
      Lock icon Duke-NUS getting new board chairman on Jan 1
      243 9  -  By TEO SI JIA THE inaugural chairman of the governing board at Duke-NUS Graduate Medical School Singapore will step down on Dec 31, after a tenure of seven years. Tony Chew Leong-Chee will be succeeded by Kai Nargolwala on Jan 1, 2013.
      243 words
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      160 9 KoreA HAS IT ALL A recognized Asian hub, Korea boasts contemporary and highly advanced facilities for international meetings, incentive tours, conventions and exhibition (MICE). Very few international destinations have experienced the extensive infrastructure growth that Korea has over the past decade. Now a reputable choice in Asia for large-scale events,
      160 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon Thousands flee their homes as floods hit north-east Malaysia
      376 10 AFP [KUALA LUMPUR] Floods triggered by torrential monsoon rains in Malaysia forced almost 14,000 people to flee their homes and seek shelter at relief centres, the Bernama news agency said on Wednesday. Heavy rain coinciding with high tide flooded hundreds of
      AFP; PHOTO: AP  -  376 words
    • Article
      Lock icon Divided opinion on Tradewinds privatisations
      569 10  -  Move on holding company likely to succeed, but offer for unit deemed too low By S JAYASANKARAN in Kuala Lumpur AN offer to privatise plantations holding company Tradewinds is likely to succeed but a similar bid to take its plantation subsidiary Tradewinds Plantations private may
      569 words
    • Article
      Lock icon Bursa expects 2013 IPO proceeds to match 2012’s
      420 10 CEO says it’ll close the current year with 17 listings totalling RM23b [KUALA LUMPUR] Early indications are promising that the amount raised from initial public offerings (IPOs) this year would be maintained in 2013, says Bursa Malaysia chief executive officer Tajuddin Atan.
      420 words
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      487 10 a* *AT3 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 OPAL HOLDINGS PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****1216K) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting of Opal Holdings Pte Ltd duly convened
      487 words
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      444 10 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF TEMPLEVIEW PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****6510E) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION Notice is hereby given that the following resolutions were unanimously resolved at the Extraordinary General Meeting of Members of the above
      444 words
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      458 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PHOTOLIBRARY.COM PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****2290D) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting of Photolibrary.com Pte. Ltd. duly convened and held on the 21st day of December 2012, the following
      458 words
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      339 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF VERTEX CHINA TECHNOLOGY LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) (Co. Reg. No: *****7886Z) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 250 North Bridge Road, #05-01, Raffles City Tower, Singapore *****1
      339 words
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      584 10 IN THE MATTER OF THE COMPANIES ACT (CAP.50) and IN THE MATTER OF MF GLOBAL SINGAPORE PTE. LIMITED (In Creditors’ Voluntary Liquidation) (Incorporated in the Republic of Singapore) (Co. Registration No.: *****3253G) (hereinafter referred to as the “Company”) NOTICE OF ANNUAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section
      584 words
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      752 10 LOST SHARE CERTIFICATES The following share certificates have been reported lost, destroyed or mislaid:Name of Company Certificate No. In the Name of No. of Shares Keppel Corporation *****14 Aseam Malaysia Nominees 3,750 Limited Sdn Bhd -do-*****69 -do-375 NOTICE IS HEREBY GIVEN that if within fourteen (14) days from the date
      752 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon PM Singh: 8% growth target ‘ambitious’
      539 11 Business-as-usual policies won’t deliver higher growth, he warns Reuters [NEW DELHI] India’s prime minister yesterday struck a downbeat note on the challenges facing the economy, dubbing a five-year plan for average growth of 8 per cent “ambitious” and warning that business-as-usual policies won’t deliver
      Reuters; PHOTO: REUTERS  -  539 words
    • Article, Illustration
      Lock icon Weibo should tap the financial network in 2013
      413 11  -  REUTERS BREAKINGVIEWS By JOHN FOLEY [BEIJING] Weibo is changing Chinese society, but can it change investors’ minds? The rambunctious social media site where over 400 million of the country’s Web users post, follow, share and criticise could be worth multiples of what
      PHOTO: REUTERS  -  413 words
    • Article
      Lock icon China’s development takes heavy toll on its coral reefs
      428 11 Coral abundance declined by 80% over 30 years: study AFP SYDNEY] China’s economic boom has seen its coral reefs shrink by at least 80 per cent over the past 30 years, a joint Australian study found yesterday, with researchers describing “grim”
      AFP  -  428 words
    • Article
      Lock icon India poised to approve Ikea’s plan to open stores
      327 11 AFP [NEW DELHI] India is on track to approve a bid by Swedish furniture giant Ikea to open its trademark blue-and-yellow stores in the country as it seeks big new markets for its flat-pack products, a minister said. Last month, the
      AFP  -  327 words
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      112 11 “Afv epcedlevt disi ohJaijs kc/irs jJ’dL c/rouln/ cud raised produce. Julien Royer, Chef de Cuisine World Gourmet Series Awards of Excellence 2012 Meat and Livestock Australia "Rising Chef of the Year" and "Friend of Australia" by Tourism Australia ARTISANAL CUISINE, A WAY OF LIFE. Savour the quintessence of Autumn Winter
      112 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Europe clean energy policy on the rocks
      891 12 High costs pushing heavy users to look elsewhere for plant sites NYT [LONDON] High energy costs are emerging as an issue in Europe that is prompting debate, including questioning of the Continent’s clean energy initiatives. Over the past few years, Europe has spent
      NYT; PHOTO: REUTERS  -  891 words
    • Article
      Lock icon Japan may join American-led TPP talks
      578 12 PM Abe promises to comprehensively consider the matter Bloomberg [TOKYO] Japan’s new government may move to join US-led trade talks as the Abe administration seeks to help exporters and strengthen ties with the nation’s main ally amid rising tensions with China. “Japan will deepen
      Bloomberg  -  578 words
    • Article, Illustration
      Lock icon Taro Aso takes reins of a shrinking economy
      731 12 His first task is to deliver budget to stimulate economy Bloomberg [TOKYO] Taro Aso, son of a cement magnate and a champion of pork-barrel spending when prime minister, became Japan’s sixth finance chief in three years, auguring expanded fiscal stimulus in the
      Bloomberg; PHOTO: AP  -  731 words
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      51 12 DEC ISSUE OUT NOW! Free gifts from McCoy with this promo card Exclusively for HWM Print readers. While stocks last. INTHISISSUE for first 100 readers LS!? iaPeel iPad 2 Inkjet Printable Skins 3 worth $39.90 HWM digital edition is available on iPad Android Visit www.hardwaremag.com for more info 50% off1-yeardigital
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      18 12 www.omy.sg ■i t i y Ik? V <■ J Making medical findings TITillating with the right images. gosocial.omy.sg o
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      1274 13 The Business Times EXECUTIVE LIFESTYLE FasMon, artconver^ e PAGE 34 ikj V property Exec condo site a Pasir Ris keenlj contested pages olam Shares up opening bell) end lower pag 2 SS-t one morem# rhub PAGE 24 Free trial nowon iPad BT All-in-One coming soon. ssi.oo online at httpi//www.l ldings
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  • WORLD
    • Article
      Lock icon Consumer confidence hits four-month low in December
      553 14 Pessimism due to uncertainty over the looming fiscal cliff LATEST US DATA Reuters [NEW YORK] US consumer confidence fell to a fourmonth low in December as a looming budget crisis sapped what had been a growing sense of optimism about the economy, a
      Reuters  -  553 words
    • Article, Illustration
      Lock icon UK firms pay less tax despite higher earnings
      704 14 2011-12 collections total £21 b, down 21% since 2000-01 Reuters [LONDON] Big companies in Britain now pay less tax than they did 12 years ago despite a big jump in profitability, a Reuters analysis of official data shows. Tax campaigners say the
      Reuters; PHOTO: REUTERS  -  704 words
    • Article
      Lock icon Spain’s Bankia to wipe out shareholders
      808 14 Reuters [MADRID] Spanish lender Bankia will wipe out 350,000 shareholders, many of them small savers with little knowledge of financial markets, after it emerged that it had a negative value of 4.2 billion euros (S$6.8 billion). The measure, which will hit shareholders who were
      Reuters  -  808 words
    • Article
      Lock icon Amazon’s X’mas glitch shows risks in the cloud
      638 14 Reuters [LONDON] A Christmas Eve glitch traced to Amazon.com Inc that shuttered Netflix for users from Canada to South America highlights the risks that companies take when they move their data centre operations to the cloud. While the high-profile failure at least
      Reuters  -  638 words
    • Article, Illustration
      Lock icon S Korea puts 2013 economic growth at just 3%
      612 14 Reuters [SEJONG] South Korea yesterday warned that economic growth next year would be a modest 3 per cent, but still up from 2.1 per cent seen for this year bolstering views that more fiscal and monetary stimulus may be implemented. The
      Reuters; PHOTO: REUTERS  -  612 words
    • Article
      Lock icon Toyota settles acceleration suit for US$1.1b
      570 15 But lawsuits claiming personal injuries and deaths linked to defects still pending Bloomberg [TOKYO] Toyota Motor Corp said it will take a US$1.1 billion write-down to settle claims that its vehicles lost value because of the carmaker’s recalls for unintended acceleration-re-lated issues. Under the
      Bloomberg  -  570 words
    • Article, Illustration
      Lock icon DAX Index set for best year since ‘03
      643 15 Bloomberg [LONDON] Germany’s DAX Index is on course to complete its best year since 2003 this week, with bulls saying the gauge will become the first national benchmark in the euro area to exceed its 2007 peak for earnings. The measure rose
      Bloomberg; PHOTO: REUTERS  -  643 words
    • Article
      Lock icon MUFJ buys 20% stake in VietinBank
      381 15 It says deal aims to tap S-E Asia markets after its profits tumbled this year AFP [HANOI] Mitsubishi UFJ (MUFJ), Japan’s biggest bank, yesterday bought a 20 per cent stake worth US$743 million in state-owned VietinBank, the largest-ever merger or acquisition deal in Vietnam’s
      AFP  -  381 words
    • Article, Illustration
      Lock icon Manila poised for casino boom amid graft probe
      731 15 Four resorts to open over next 3 years in tourism complex Reuters [MANILA] The two most richly valued companies in the financial and consumer discretionary sectors in South-east Asia share two things in common both are controlled by Filipino tycoons and both
      Reuters  -  731 words
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  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      222 15 B* WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT CHAPTER 50 AND IN THE MATTER OF CVSI PTE LTD (In Member’s Voluntary Liquidation) (Company Reg. No. *****1415M) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act,
      222 words
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      213 15 IN THE MATTER OF THE COMPANIES ACT CHAPTER 50 AND IN THE MATTER OF GDIS PTE. LTD. (In Member’s Voluntary Liquidation) (Company Reg. No. *****8840R) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final Meeting of the sole
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      187 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF GRENIDEA TECHNOLOGIES PTE LTD Company Regn No: *****6883G (In Members’ Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final General Meeting of the members of the
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      159 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FOOTWEAR ASSOCIATED (SINGAPORE) LIMITED (COMPANY REG. NO. *****3772G) (In Members’ Voluntary Winding Up) NOTICE IS HEREBY GIVEN that the Creditors of the abovenamed Company, which is being wound up voluntarily, are required on or before the
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      103 15 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SUMISHO CAPITAL MANAGEMENT (SINGAPORE) PTE. LTD. (IN MEMBER'S VOLUNTARY LIQUIDATION) (Company Registration No. *****0962H) NOTICE OF MEMBER'S VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Member of the abovenamed company held
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      101 15 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PARCO SEALS PTE. LTD. (IN MEMBER'S VOLUNTARY LIQUIDATION) (Company Registration No. *****8161Z) NOTICE OF MEMBER'S VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of Member of the abovenamed company held on 21
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      236 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PIONEER FUNDING LTD (Co. Registration No. *****1376R) (IN MEMBERS’ VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the Members
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      194 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JFT INVESTMENT PTE. LTD. (Registration No. *****0761G) (In Member’s Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting of the
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  • EDITORIAL & OPINION
    • Article
      Lock icon Expanding Asean-India air links: a win-win
      500 16 EDITORIAL TALKS on a more advanced open skies agreement between India and the Association of Southeast Asian Nations (Asean) have yet to begin, even as the demand for greater air connectivity between the two sides has increased in the past decade, especially with the
      500 words
    • Article, Illustration
      Lock icon Abe likely to be flexible if China takes softer stance
      797 16  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 SHINZO Abe, widely viewed as a right-wing nationalist, assumed office this week as prime minister of Japan, the seventh time the
      797 words
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      Lock icon Marketing challenges for CMOs in 2013 and beyond
      1026 16  -  Their marketing issues seem to fall into three categories react, influence and anticipate By DOMINIQUE TURPIN WILLEM SMIT Dominique Turpin is the Nestles professor and president of IMD. He is the co-director of the Orchestrating Winning Performance programme taking place in Singapore
      PHOTO: AFP  -  1,026 words
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      Lock icon The ABC of a corporate collapse
      1751 17  -  In the light of criticism of Olam’s way of doing business, it’s useful to revisit what happened to an Australian company By MAK YUEN TEEN The writer is associate professor of accounting at NUS Business School, where he specialises in corporate governance. The information
      PHOTO: STOCK.XCHNG  -  1,751 words
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      Lock icon Asian businesses in strong position to lead global recovery
      772 17  -  By NOEL QUINN The writer is HSBC’s regional head of commercial banking, Asia-Pacific THIS has been a tough year for business, but beyond the headlines there is also a compelling Asian story of robustness, adaptability and entrepreneurial flair that bodes well
      PHOTO: AP  -  772 words
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  • AVIATION/SHIPPING
    • Article
      Lock icon Key West mulls over future as cruiseship stop
      659 18 Residents to vote on channel-widening for bigger vessels NYT [KEY WEST, Florida] There is no better motto for this raucous southernmost point on the US map than “One Human Family”. That family is a trove of unlikely characters who have somehow managed
      NYT  -  659 words
    • Article, Illustration
      Lock icon Flights cancelled as storm pounds north-eastern US
      390 18 NY utilities’ heads warned they will be held accountable for their performances Reuters [WASHINGTON] A powerful winter storm forced the cancellation of about 200 US flights yesterday, snarling holiday travel as heavy snow and high winds pummelled the north-eastern United States. The National
      Reuters; PHOTO: AFP  -  390 words
    • Article
      Lock icon Fiscal cliff unlikely to hit aviation immediately
      679 18 Bloomberg [WASHINGTON] The US aviation industry won’t face immediate disruptions if political leaders can’t reach a deal to avert automatic budget cuts due to start on Jan 2, a senior Department of Transportation official told employees on Wednesday. The Federal Aviation Administration and
      Bloomberg  -  679 words
    • Article
      Lock icon TRANSPORT STOCKS
      241 18 SGX '000 Dec 27 S$ +/-Vol CH Offshore 0.48 0.03 1002 Chuan Hup Hldg 0.27 0.01 382 Cosco Corp 0.89 0.01 7421 S$ First Ship Lea 0.13 unch 591 Freight Links 0.07 unch 2140 Grand Banks unch unch 0 Jaya Hold Ltd 0.65 0.04 5271 K1Ventures 0.15 0.02
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    • Article
      Lock icon Labour unrest averted at US Northwest ports
      548 18 Reuters [SEATTLE] The threat of imminent labour unrest at four US Pacific Northwest ports was averted on Wednesday as the dockworkers union said its members would stay on the job despite “sub-standard” contract terms being imposed unilaterally by grain shippers. Both sides in
      Reuters  -  548 words
    • Article
      Lock icon Iran bans flights during prayer call
      267 18 NYT [DUBAI] The call to prayer, a five-times-a-day ritual for strict adherents to Islam, is reaching new heights in Iran. Under a directive announced on Wednesday by Iran’s Civil Aviation Organization, all aircraft will be prohibited from flying across the country during the Adhan,
      NYT  -  267 words
    • Article
      Lock icon The Business Times Shipping Times
      3417 19 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 n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination
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  • Page 20 Advertisements
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      Lock icon Page 20 Advertisements Column 1
      166 20 TO ADVERTISE IN .THE Business Times MIL IMVILJ Shipping Times CALL JOE WONG FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? the Business Times TO ADVERTISE, CALL JOE WO IMG AT 9620 1327 Highlight Your Company Anniversary?^ Come publicise your Company Anniversary,
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2987 21 Transaction date: Dec 27 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote (’000) High Low Buyer Seller 149.5 93.5 AIMSAMPIReit 148.5 +0.5 271 148.5 148
      2,987 words
    • Article
      Lock icon SGX CATALIST
      229 22 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 4.6 1.3 t Advanced System 1.7 +0.1 ***** 1.8 1.6 1.6 1.7 25.3 Vol Cooo) Day High Last Quote Low Buyer
      229 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      8131 22 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** 1.06/ Aberdeen Asset Mgt Asia Limited 0 7585/ Asian Local Ccy SD Bond 0.9869/ Asian Smaller Cos'" 1 8197/ EM local Ccy Bond 0 9883/ European
      8,131 words
    • Article
      Lock icon GLOBALQUOTE
      245 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Last 41.5 26.5 Genting HK US$ US33.5 +0.5 3429 34 33.5 33 33.5 2205.8 Day 244 181 TanChongInt HK242 241 244 4.3 2.9 8.1 4873.6 DISCLAIMER: All
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    • Article
      Lock icon SGX ETF
      892 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 116.1 ABF SG Bond ETF 121 +2.7 6 121 121 119.5 121 552.3 133.8 120.4 CIMB APAC Div 100S$D 133.8 134.2 135.4 106.3 95.8 CIMB
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      641 23 Dec 27 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.26 *****.39 *****.85 Mar13 *****.00 *****.00 *****.00 *****.00 ***** *****4 Jun13 *****.00 *****.00 *****.00 *****.00 7 1806 MSCI TAIWAN INDEX FUTURES SPOT 274.30 275.25 273.73 Dec12 274.10 275.30 272.50 274.46 ***** ***** Jan13 273.80
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 23 In local curr In S$ In US$ dy yr dy yr dy yr Dec 26 Index Change Change Change Change Change Change World Preliminary 935.7 -0.2 12.8 -0.1 6.5 -0.3 12.9 EAFE Preliminary 775.3 0.2 13.7 0.2 7.2 0.1 13.8 Europe Preliminary 1154.8 0.0 12.5
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      94 23 As on 26 December 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PRECIOUS METAL GOLD FUT FEB2013 1668.70 1653.70 1660.90 INDIA GOLD (E-GOLD) FUT FEB2013 559.70 555.05 559.20 CURRENCY EUR-USD FUT MAR2013 1.3266 1.3200 1.3231 BASE METAL COPPER FUT MAR2013 7935 7855 7933 INDEX IRON ORE (MBIO) IDX
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    • Article
      Lock icon CHICAGO BOT
      106 23 Dec 26 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 13 1424.50 1439.75 1447.25 1421.25 Mar 13 1418.50 1435.75 1443.00 1415.00 May 13 1409.25 1426.75 1433.00 1405.75 Jul 13 1404.00 1421.50 1427.50 1400.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 13 48.29
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 23 CRUDE OIL PRODUCTS Dec 26 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.97 2.53 WTI (Near Mth) 91.02 2.27 Dubai (1-Mth F) 105.29 0.89 Tapis blend 115.18 0.43 Minas 107.76 0.43 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.17 unch Jet Kerosene 125.07 unch US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 23 Dec 27 S$ Bid Offer 1-month 1.2222 1.2230 2-months 1.2222 1.2230 3-months 1.2221 1.2230 6-months 1.2220 1.2229 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      64 23 Dec 24 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2039.75 2048.25 3 months 2075.00 2083.00 Copper, Grade A(US$/tonne) Cash 7787.50 7807.50 3 months 7810.00 7831.00 Lead(US$/tonne) Cash 2304.00 2287.00 3 months 2323.00 2306.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon LIFFE
      80 23 Dec 24 COCOA (£/tonne) Close Prev High/Low Mar 13 1460 1469 1469/1455 May 13 1469 1477 1473/1463 Jul 13 1478 1487 1484/1473 Sep 13 1485 1494 1487/1480 COFFEE(US$/tonne) Close Prev High/Low Jan 13 1954 1933 1958/1930 Mar 13 1906 1894 1913/1898 May 13 1914 1903 1921/1906 Jul 13 1924
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      925 23 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 1 146 650 5.00 17 Conv BakerTech W*****5 8.2 unch 404 1 27 10 3.90 30 Best World Intl Ltd W*****5 0.5 1 30 73 35.20 7
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 23 Dec 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.030 6.468 0.783 8.040 56.950 100.406 0.889 11.118 3.178 1.263 101.054 42.657 1.268 8.891 0.947 30.120 31.792 0.643 1.037 Canada 0.971 6.282
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    • Article
      Lock icon SIBOR
      60 23 Dec 27 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 0.***** 6 mths 0.***** SWAP Mid rates (S$) 0.***** SWAP Mid rates (S$) 1
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    • Article
      Lock icon PRECIOUS METALS
      132 23 Dec 27 GOLD(US$/oz) Dec 24 Dec 27 Hong Kong 1675.00 1667.70 Dec 24 Dec 26 London 1659.59 1660.76 1660.48 1661.53 Source: Thomson Reuters CAST BAR Dec 27 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 147 65 5gm 416 326 10gm 743 652
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    • Article
      Lock icon GOVERNMENT SECURITIES
      88 23 Dec 27 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 28-Mar-13 0.23 6-Month BS*****W 27-Jun-13 0.26 1-Year BY*****X 01-Nov-13 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 101.92 101.96 101.94 5-Year N*****0Z 2.375
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    • Article
      Lock icon PALM OIL
      57 23 Dec 27 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 13 2299.0 2308.0 2350.0 2299.0 703 5790 Feb 13 2386.0 2386.0 2435.0 2386.0 4099 ***** Mar 13 2425.0 2430.0 2484.0 2424.0 ***** ***** Apr 13 2470.0 2477.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 23 Dec 27 Against US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2672 1.2687 1.0370 1.0375 Canadian dollar 1.2310 1.2320 1.0076 1.0074 Euro 1.6190 1.6203 1.3249 1.3251 NZ dollar 1.0030 1.0042 0.8208 0.8212 Sterling pound 1.9721 1.9738
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 23 As at 9am Dec 27 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.297 1.236 Can dollar 1.260 1.200 Euro 1.656 1.578 Sterling pound 2.011 1.934 NZ dollar 1.035 0.977 US dollar 1.247 1.188 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      154 23 Dec 27 $S Offer Bid 0vernight 0.05 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.10 US$ Offer Bid 7 days 0.30 0.20 1 month 0.30 0.20 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.65 0.45 9 months 0.80 0.60 12
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  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      316 25 CRYPTIC CROSSWORD Across 1 Lid for a kipper, hot after cooking (4-3,3) 6 Returned coats in swindle (4) 9 Having regular parts in opera, one singer’s a temperamental type (5,5) 10 Pleased with cut flower (4) 12 Put name to the twins perhaps (4) 13 Retreat over rising water is
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  • executive lifestyle
    • Article, Illustration
      Lock icon The good, the bad and the ugly
      1785 28  -  2012 was a topsy-turvy year in the arts. HELMI YUSOF looks back at the highs and lows HELMI YUSOF THE GOOD Visual art hits new highs IT was a landmark year for visual arts, as more hysteria for Asian artworks spilled over from
      FILE PHOTO  -  1,785 words
    • PURSUITS
      • Article, Illustration
        Lock icon A mixed blessing for wine-lovers
        1160 24  -  It was a year of overdue market correction. NK YONG looks at what this trend means for the consumer and the buying strategy for 2013 NK YONG ALMOST certainly the most dramatic event that happened last year and which continued into this year has been
        1,160 words
      • Article, Illustration
        Lock icon Mixed bag of gaming
        784 24  -  By CHRISTOPHER LIM BIG-BUDGET games triumphed in some areas while unexpectedly falling prey to indie upstarts in others in a truly mixed bag of a year. The crowning achievement in gaming this year is one of the obvious contenders, Halo 4. It stands out not just
        784 words
      • Article, Illustration
        Lock icon Parties
        490 24 AroundTown >>> Siloso Beach Party: If you’re looking for a big beach party to usher in 2013, Sentosa’s got you covered with the fifth Siloso Beach Party, which spans various venues along the beach’s 1.2 kilometres. No fewer than 20 DJs will be spinning tunes in five party zones.
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    • ARTS
      • Article, Illustration
        Lock icon All fired up
        1104 25  -  The inaugural Awaken the Dragon Festival is a community project that has drawn interest from professional potters and non-potters alike, reports CHEAH UI-HOON reportsCHEAH reportsCHEAH UI-HOON JUST a few hundred more pots to go, and there'll soon be some 3,000 pieces of pots and artefacts ready to
        1,104 words
      • Article, Illustration
        Lock icon Popular live debate comes to S’pore
        469 25  -  By HELMIYUSOF IS pornography good for you? Would Jesus be a Democrat? Do Asian parents raise smarter kids than their Western counterparts? These are just some of the provocative topics that have been fiercely debated by the sharpest minds in the world before a
        469 words
    • CINEMA/BOOKS
      • Article, Illustration
        Lock icon Brilliant portrayal of love’s dark side
        536 26  -  Director Michael Haneke masterfully unnerves his audience in Amour with just the bare essentials, says DYLAN TAN DYLAN TAN NOTHING can quite prepare one for the unsentimental bleakness of Amour, this year's Palme d'Or winner at Cannes. If The Intouchables which opened here a
        PHOTO: AP  -  536 words
      • Article, Illustration
        Lock icon Superhero-style monster hunting
        449 26  -  Scott Sigler blunts detective yarn with Hollywood cliches, says CHRISTOPHER LIM BOOK REVIEW CHRISTOPHER LIM I F you have a thing for monsters and contagion, Scott Sigler’s your man. His 2008 novel on a monstrous alien plague, Infested, was even optioned for a movie adaptation although that
        449 words
      • Article, Illustration
        Lock icon Felled by a motley squad of unlikeable heroes
        478 26  -  By CHRISTOPHER LIM AMERICAN crime fiction may have its share of jargon, but it’s got nothing on British coppers, whose nicks (police stations), gavvers (policemen) and OCNs (organised criminal networks) will have those bred on a diet of NYPD Blue scratching their
        478 words
      • Article, Illustration
        Lock icon The Guillotines lacks cutting edge
        473 26  -  By DYLAN TAN THE Guillotines kicks off with a stylish opening sequence where director Andrew Lau (Infernal Affairs) perhaps shows off his bag of tricks a little too eagerly. In it, swords come flying out of the screen and the 3D works overtime with the
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    • COVER
      • Article, Illustration
        Lock icon Cinematic highlights
        852 27  -  TANpicks the year’s best and worst and looks at what’s in store for 2013 DYLAN TAN BEST FILMS The Avengers What's better than an action hero film? One in which you need two hands to count the number of superheroes in it, like The Avengers. Only three more
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      • Article, Illustration
        Lock icon The year’s best gigs
        604 27  -  By DYLAN TAN Regina Spektor Dec 22, Esplanade Thea tre The gig by one-woman vocal dynamite Regina Spektor was announced only about a month before she was due to play here last Saturday. But she drew a capacity crowd nonetheless despite the short notice and the
        PHOTO OF SPEKTOR: JOANNA KWA  -  604 words
      • Article, Illustration
        Lock icon Spotlight’s on how music is delivered
        832 27  -  By CHRISTOPHER LIM IT’S been an interesting year for recorded music, even though there haven’t been as many stunning releases as in the past few years. Much of the news has been how music is being delivered to fans rather than on the music
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