The Business Times, 7 June 2013
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2013-06-07
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The Business Times
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Title Section25 2013-06-07 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Friday, June 7, 201325 words
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1064 2013-06-07 1 SHU-CHING JEAN CHEN - Huge discrepancies in trade figures could stem from firms trying to make a fast buck By in SHU-CHING JEAN CHEN in Hong Kong OFFICIAL numbers on China’s trade performance are literally too good to be true. And, when compared with official data1,064 words
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MARKETS DIGEST
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Article65 2013-06-07 1 HST INDEX 3,193.51 (-49.92) HST INDEX FUTURES 3,194.00 (-50.00) HSIMSCI 359.27 (-6.08) HSIMSCI FUTURES 358.10 (-7.30) US$ S$ US$ (S$ per US$) 1.248 (US$/S$ per 1.544 1.926 EURO (US$/S$/€ 1.312 1.638 Foreign currency per US$ S$ YEN 99.20 79.50 RM 3.083 2.470 HK$ 7.762 6.220 BAHT 30.60 24.52 RUPIAH65 words
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Article46 2013-06-07 1 Thursday Change KL COMP 1,769.60 -4.82 NIKKEI 225 12,904.02 -110.85 HANG SENG 21,838.43 -230.81 SET INDEX 1,490.21 -32.45 JAKARTA COMP Closed MANILA COMP 6,609.01 +51.12 SEOUL COMP Closed SHENZHEN B 862.68 -4.43 MUMBAI IND 19,519.49 -48.73 12noon EDT Change DOW 14,887.37 -73.22 NASDAQ 3,389.73 -11.7546 words
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22 2013-06-07 1 PRIME RATES SINGAPORE SINGAPORE 5.38 HONG KONG 6.55 HONG KONG 5.00 JAPAN 12.962 TAIWAN 5.036 JAPAN 1.475 SWITZERLAND 9.33 BRITAIN Source: Bloomberg22 words
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Article, Illustration733 2013-06-07 1 KENNETH LIM - 94 US cents is key benchmark; most S’pore firms are naturally hedged By KENNETH LIM [SINGAPORE] A perfect storm of fundamental and technical pressures is likely to keep the Australian dollar down under, but most Singapore-listed companies with exposure to theSource: Bloomberg - 733 words
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Advertisement81 2013-06-07 1 AUTHOR, AUTHOR Why do so few Singaporeans want to be playwrights? PAGE 36 LUXE SUMMER 2013 A special edition, with your BT today PROPERTY HP’s Alexandra Road property up for sale PAGE 2 China fake-data crackdown could halve trade figures, Page 13 8 *****1 *****4 PANERAI.COM HISTO RYan d HEROES81 words
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Advertisement23 2013-06-07 1 BT PROPERTY CLASSIFIEDS BT’s CATS property feature is now available to BTO subscribers. To subscribe to BT Property Classifieds, email cats8@sph.com.sg PAGES 22-2423 words
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TOP STORIES
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583 2013-06-07 2 RONNIE LIM - With volumes down 20-30%, futures prices of distant months are lower than for near ones By RONNIE LIM [SINGAPORE] It has been a bleak first half for oil traders here. Conditions have continued to be tough with the market mostly in backwardation,583 words
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Article, Illustration725 2013-06-07 2 KALPANA RASHIWALA - Company looking for sale, leaseback arrangement By KALPANA RASHIWALA [SINGAPORE] Hewlett-Pack-ard has put its freehold office and manufacturing premises on Alexandra Road up for sale. The computer giant is said to be looking at a sale and leaseback arrangement, BT understands. By somePHOTO: ARTHUR LEE - 725 words
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Article577 2013-06-07 2 Shine of China’s trade lost in data blackhole OFFICIAL numbers on China’s trade performance are literally too good to be true. And, when compared with official data from China’s trade partners, they simply do not add up. The discrepancies are so glaring that, far from gloating about the577 words
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894 2013-06-07 2 TEH SHI NING - Opportunities exist to strengthen small and medium firms’ access to business loans By TEH SHI NING [SINGAPORE] Gaps in financing for small and medium enterprises here persist, but a dedicated SME bank may not be the solution. This was the majority894 words
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Article, Illustration932 2013-06-07 3 Lynn Tan - In this final insertion, we trace the evolution of the Bentley Flying Spur, a worthy successor in the bloodline of Bentley’s sporting Grand Tourers that merges sporting heritage with bespoke handcrafted luxury. By Lynn Tan THE design for the Bentley Continental Flying Spur began with a simple932 words
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523 2013-06-07 4 LEE U-WEN - 9,200 lower-wage staff will also get more in their pay packets next month By LEE U-WEN [SINGAPORE] The Republic’s biggest employer, the Civil Service, will give all 80,000 of its officers a 0.4-month mid-year bonus in July. This is slightly higher than the523 words
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558 2013-06-07 4 JOYCE HOOI - By JOYCE HOOI [SINGAPORE] The devil is in the details, and increasingly for airlines so is the money. Last year, airlines made US$27.1 billion from ancillary revenue 20 per cent more than they did in 2011 selling the extras of558 words
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490 2013-06-07 4 ANTHONY ROWLEY - By in ANTHONY ROWLEY in Tokyo JAPANESE Prime Minister Shinzo Abe’s economic strategy appeared to show signs of unravelling yesterday as the Nikkei 225 stock average fell to a two-month low to approach “bear market” territory, a development that could erode490 words
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Advertisement13 2013-06-07 2 The best pure-play private bank in Asia. Bank EFG 30 global locations www.efginternational.com13 words
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Advertisement26 2013-06-07 3 A special feature brought to you by THE ULTIMATE FOUR-DOOR The New Flying Spur opens a new chapter in the Bentley’s illustrious history with classleading refinement.26 words
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Advertisement579 2013-06-07 4 More Influence, Less Authority: Transform Yourself Into A Charismatic Leader Who should attend: Business Owners, CEOs, Managing Directors, General Managers, Branch Managers, Departmental Heads and Team Leaders Supervisors. 2013 JUNE SERIES FULL-DAY WORKSHOPS Speaking Persuasively The Charismatic Communicator Although few individuals are born with the ability to engage, motivate and579 words
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COMPANY NEWS
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Article, Illustration410 2013-06-07 5 LEE MEIXIAN - Major shareholder in talks, yet to decide; shares soar 29% on Mon to record high By LEE MEIXIAN RAMBA Energy’s major shareholder Edward Seky Soeryadjaya has been approached by a potential buyer keen on a 51 per cent stake in Ramba. The possibleSource: Bloomberg - 410 words
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372 2013-06-07 5 CAI HAOXIANG - By CAI HAOXIANG CATALIST-LISTED construction company CCM Group is placing out another 44 million shares to raise gross proceeds of about $4.05 million, two months after a capital injection by businessman and investor Chan Heng Fai. The shares will be placed at 9.2 cents372 words
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Article, Illustration479 2013-06-07 5 RONNIE LIM - By RONNIE LIM SEMBCORP, which inaugurated its new US$1 billion independent water and power project (IWPP) in Salalah, Oman, last month, is preparing for an initial public offering of the IWPP’s JV company on the Muscat Securities Market. The Sembcorp Salalah479 words
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227 2013-06-07 5 CARINE LEE - By CARINE LEE FULLERTON Fund Management in collaboration with DBS has unveiled its Fullerton Total Return Fund, an Asia-focused balanced investment solution. Launched in April, the fund aims to provide investors with a consistent real return over a market cycle. It invests in equities and227 words
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Article, Illustration681 2013-06-07 7 JOYCE HOOI - MDA 1, mio TV 0 no stay of order for BPL MCI: Pending appeal ruling, arrangements to share content with StarHub to continue By JOYCE HOOI THE score is one-nil for the Media Development Authority (MDA) versus SingTel’s mio TV as the cross-car-riage kerfuffle heads into half-time. Even as thePHOTO: AP - 681 words
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419 2013-06-07 7 LYNN KAN - By LYNN KAN JAYA Holdings will step into the Latin American market when a pair of medi-um-sized platform support vessels (PSVs) are delivered in the first half of 2014. Both Jaya Victory and Jaya Valiant have secured charters from a new client that419 words
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276 2013-06-07 7 CARINE LEE - By CARINE LEE CNA Group Ltd has clinched projects worth $13.8 million across Asia, including its first airport-re-lated recurring income contract from Laos Airport Authority. “A recurring income base will positively impact our business for the long term and we hope to replicate our276 words
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1063 2013-06-07 8 LEE MEIXIAN - HOCK LOCK SIEW By LEE MEIXIAN PALM oil stockholders are cursing the skies, perhaps literally. Phenomenally good and planta-tion-ideal weather over the past couple of years has had planters reaping bountiful harvests, although such high supply has also led to mounting1,063 words
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476 2013-06-07 8 MICHELLE QUAH - By MICHELLE QUAH MOODY’S Investors Service said yesterday that Singapore’s Aaa sovereign rating and stable outlook reflect the country’s “very high economic, institutional, and government financial strengths, and its low susceptibility to risks from financial, economic, and political events”. However, the ratings agency added476 words
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304 2013-06-07 8 ONG CHOR HAO - By ONG CHOR HAO INDUSTRIAL landlord AIMS AMP Capital Industrial Reit (AA Reit) will further develop a property at 20 Gul Way at a cost of about $77.2 million to increase its value and boost returns to unitholders. The304 words
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Advertisement164 2013-06-07 5 DESIGNED TO SURPASS EVEN ITS ADDRESS. Designed by Pininfarina, the Italian masters behind the world’s most iconic supercars, Ferra is a visual masterpiece framed against Singapore’s leading residential district. i ihp X>-*> tr.u y *< Safest n.v.. v>VV LA iii '.:±L* INESSENCE SESPOKE RESIDENCES BY FAR EAST ORGANIZATION Be the164 words
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SINGAPORE MARKETS
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Article, Illustration519 2013-06-07 6 KENNETH LIM - Four stocks lost value for every one that gained with investors spooked by fears of interest rate hikes STOCKS KENNETH LIM Correspondent SINGAPORE stocks tumbled to a six-month low yesterday as fears of interest rate hikes kept regional markets reeling. “It’s not a toughSource: Bloomberg - 519 words
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Article71 2013-06-07 6 Jun 6 VALUE CLOSE BT OB/OS -783.00-398.00 BT CADI -*****.00-237.00 BT 10-day MA -*****.00 -78.00 FTSE ST Mid Cap 786.97 -9.11 FTSE ST Small Cap 597.78 -3.71 FTSE ST All Share 790.29 -11.27 FTSE ST China Top 205.65 -1.56 FTSE ST China 232.72 -1.56 FTSE ST Catalist71 words
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Article186 2013-06-07 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 12 2 0 0 0 1 12 2 Manufacturing 25 79 37 5 12 8 30 91 45 Commerce 5 28 14 2 7 4 7 35 18 Tpt/Stor/Comms 3 27 7186 words
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BROKERS’ TAKE
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Article377 2013-06-07 6 MAYBANK KIM ENG RESEARCH, June 6 WE expect the current “QE-inflated growth” to run out of steam in the months ahead and S-Reit prices will continue to rationalise. Our regional economics team expects that QE will persist through 2013. However, the fact that Federal Reserve chairman Ben Bernanke’s377 words
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Article218 2013-06-07 6 DMG PARTNERS RESEARCH, June 6 REGIONAL consumer stocks under our coverage sprang no surprises in Q1 2013, with 6 per cent above, 68 per cent within and 26 per cent below expectations. These counters stretched their gains to an average 19 per cent YTD, taking their valuations close218 words
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Article214 2013-06-07 6 CAI HAOXIANG - Compiled by CAI HAOXIANG CIMB RESEARCH, June 5 WE upgrade Singapore’s telco sector to “neutral” from “underweight” following the Q1 2013 results season on the surging adoption of tiered mobile plans; and after upgrading SingTel to “neutral” from “underperform” on lower competition issues in Australia. Nevertheless, competition in214 words
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Article134 2013-06-07 6 EPS earnings per share Ebit earnings before interest tax Ebitda earnings before interest, tax, depreciation amortisation FY fiscal/financial year H1, H2 first or second half NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first, second, or third quarter q-o-q quarter-on-quarter134 words
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Article121 2013-06-07 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 37,553 37,553 74,306 74,306 Manufacturing 385,756 116,048 501,804 188,885 8,554 197,439 Commerce 159,270 60,338 219,608 104,906 5,533 110,439 Tpt/Stor/Comms 191,943 22,487 214,430 276,878 8,204 285,082 Finance 171,337 165 171,502 305,475 76 305,551 Construction 145,138 82,140121 words
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Article117 2013-06-07 6 Stock name Close Change CapMallsAsia 1.905 -0.030 CapitaLand 3.340 -0.070 CapitaMall 2.100 -0.050 CityDev 10.240 -0.230 ComfortDelGro 1.825 -0.060 DBS Grp 16.020 -0.380 GLP 2.660 -0.070 Genting SP 1.405 -0.015 Golden Agri 0.560 -0.005 HK Land 6.650 +0.020 HPH Trust US$ 0.790 -0.005 JMH 62.550 -0.980117 words
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Article, Illustration459 2013-06-07 6 CURRENCIES AFP Reuters [TOKYO] The US dollar edged up against the yen in Asia yesterday but downbeat US economic news weighed on the unit, while the euro firmed ahead of a European Central Bank (ECB) policy meeting. In afternoon Tokyo trade, the USAFP; Reuters; PHOTO: REUTERS - 459 words
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Article53 2013-06-07 6 VOLUME Tee Land 180,004,000 Innopac 146,180,000 Rowsley 92,120,000 Ramba 83,321,000 YHM 78,293,000 New Wave 61,432,000 Golden Agri 61,163,000 JiutianC 56,157,000 UniFiber 53,622,000 Healthway 44,356,000 VALUE($) DBS Grp 123,541,729 SingTel 119,856,996 Tee Land 99,974,035 UOB 70,954,530 OCBC Bk 57,314,070 Ramba 55,317,220 CapitaLand 54,052,340 GLP 46,672,574 Rowsley 44,274,315 Keppel53 words
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Article114 2013-06-07 6 BY CENTS CLOSE UP IS DJ US Tech 7582 383.1 4.2 GLD 10US$ ***** 42.4 0.3 DBXT S&P Short 10US$ 3038 22.5 0.6 IS ASIA HYG100US$ 1094 16.2 1.2 EzionHldg 234 9.0 4.0 Abterra 72 5.0 7.5 SuperGroup 465 5.0 1.1 SIA Engg 505 4.0 0.8 Venture Corp 739114 words
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Article130 2013-06-07 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -248.3 -1.9 JMH 6255 -122.3 -1.5 UOB 5.05%NCPS 100 ***** -98.0 -1.0 Lyxor EmergingMkts 1 1003 -86.1 -6.4 DBXT MSTHAI 10US$ 2104 -59.9 -2.2 Jardine C&C 4502 -49.0 -1.1 UOB 2033 -45.0 -2.2 DBXT MSINDO 10us$ 1604 -42.4 -2.1 DBXT MSAsExJp130 words
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Advertisement210 2013-06-07 7 3 iSSi N xs d Mi €> ■r S J9£. a n i W If m m IS Mr ii i '■n »A .v W i RARE FREEHOLD LANDED HOME COLLECTION i\ '4 s or j w i m m fk m BOWEN SECONDARY SCHOOL XIN MING SECONDARY SCHOOL 0210 words
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Advertisement633 2013-06-07 8 NutritionPark.com Largest Range! Longest Warranty! ULTIMATE NUTRITION PROSTAR WHEY PLATINUM SERIES (5LBS) UOT? 25g of protein, 6g of BCAA, 2g of carbs per serving. 80 servings per tub. CONTROLLED UBS GREEN MAGNITUDE A UP $178.50 '^■$58 Patented formula to improve strength, stamina, performance and muscle mass. r</TY bP 90 1$633 words
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Advertisement142 2013-06-07 8 ‘Ridzwan ‘Dzafir Community ‘Awards RIOZWRN OZRFIR COMMUNITY AWABO For the first time ever, Yayasan MENDAKI brings to you the prestigious Ridzwan Dzafir Community Awards (RDCA). It aims to help promising career professionals in the public and social service sector who are pursuing postgraduate studies in the relevant sectors. RDCA Distinction142 words
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Advertisement334 2013-06-07 9 THE STRAITS TIMES IN THE PARK 2013 PreSenlretL bj Panasonic COOL GOODIE BAG its a goodie bag worth 168, which includes: Each runner more than r In conjunction with The Straits Times' 168 th Anniversary SIGN UP NOW ND ENJOY MORETHAN WORTH OF Make running second nature! Grab your shoes334 words
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SINGAPORE NEWS
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Article, Illustration509 2013-06-07 10 CARINE LEE - Prices of goods, services up just 1.6% over the year despite stronger S$ By CARINE LEE SINGAPORE is the ninth most expensive city in Asia for expatriates, according to the latest cost of living survey by ECA International. The biannual509 words
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Article, Illustration448 2013-06-07 10 TEH SHI NING - Retail sector chalks up best score since index’s launch By TEH SHI NING SINGAPORE’S shoppers are happier with retailers than they have been since 2007, according to the latest Customer Satisfaction Index of Singapore (CSISG). Despite retailers’ fears that their lack of manpower following tighterSource: Customer Satisfaction Index of Singapore - 448 words
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476 2013-06-07 10 GRACE NG - By GRACE NG SIX trade associations and chambers (TACs) and six institutes of higher learningsigned a memorandum of understanding (MOU) yesterday, cementing a partnership to enhance talent flow into small and medium enterprises (SMEs). The MOU officially launched the SME Talent Programme (STP),476 words
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436 2013-06-07 10 MARIA MALA YOGALINGAM - By MARIA MALA YOGALINGAM WORKERS who have undergone work-skills training under the national credentialing system called Workforce Skills Qualification (WSQ) draw higher wages than workers of similar profile who haven’t done so, a survey by the Singapore Workforce Development Agency (WDA)436 words
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269 2013-06-07 10 NG ZHUO YANG - By NG ZHUO YANG AN excavator operator died in a worksite accident along Thomson Road yesterday. The mishap took place on the site for Novena Regency, an upcoming re-tail-residential development by Fragrance Realty, a subsidiary of the SGX-list-ed Fragrance Group. The Singapore Civil Defence269 words
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Article341 2013-06-07 10 MARIA MALA YOGALINGAM - By MARIA MALA YOGALINGAM EUROPE needs to address its economic and social issues in order to retain talent as otherwise young Europeans will leave the continent and head for Asia, a senior European banker said. UBS chairman Axel Weber said if that happens, Europe341 words
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Advertisement181 2013-06-07 10 What's up with Ai Weiwei? Oh, nothing much a political demonstration here, a satirical Youtube video there, a controversial exhibit at the Venice Biennale. It's just another day in the life of China's most controversial artist catch our exclusive interview with him in the inaugural BT Luxe Summer 2013magazine. This181 words
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Advertisement99 2013-06-07 11 A STCARS.sg Your One-Stop Portal for Cars and Accessories Latest car reviews motoring news Wide collection of accessories Information guide for motoring services r’ WA W 0::: 9 Extensive selection of used rental cars Good variety of commercial vehicles Comprehensive collection of new cars 0I5JMH3 s^' iFind more than 15,00099 words
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MALAYSIA/INDONESIA
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Article, Illustration477 2013-06-07 12 PAULINE NG - Their participation after the elections boosts turnover By PAULINE NG in Kuala Lumpur LOCAL retail participation in Malaysia’s stock market nearly tripled to 46 per cent last month as equity investors paid little heed to the “sell in May and goPHOTO: REUTERS - 477 words
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Article, Illustration647 2013-06-07 12 S JAYASANKARAN - Info chief is latest senior official to back no-contest proposal for top 2 party posts By S JAYASANKARAN in Kuala Lumpur MALAYSIAN Prime Minister Najib Razak looks like a shoo-in to continue as premier. This follows a suggestion last Sunday by a647 words
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213 2013-06-07 12 Reuters [JAKARTA] Indonesia said on Wednesday it has approved tax exemption for the production of low-cost, low-emission cars, a long-awaited move that should be a significant boost for Toyota Motor Corp’s and Daihatsu Motor Co Ltd’s joint ventures in South-east Asia’s biggest economy. Both JapaneseReuters - 213 words
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Advertisement109 2013-06-07 12 BEERFEST ASIA 2013 with OCBC TITANIUM 13-16 June Marina Promenade www.beerfestasia.com 1 ore Than 400 Beers ou Energy To Laugh And Rock INTERNATIONALTRIBUTE BANDS f A-T I If Bgt*‘ Killer Queen 15 and 16 June Fr=% INCLUDING SHAGIES, REVERIE WITH MIGUEL ANTONIO, 53A AND LOTS MORE! mmm 4 f Tom109 words
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Advertisement90 2013-06-07 12 stfi H SINGAPORE PRESS HOLDINGS f asta one V 7 Catch up with the Latest Business News with AsiaOne smartphone app l-l Australia adds most \obs iij almost t3 years aS40 million to enoourage| iamily environment BUSINESS STOCK Pay attention to pii| health-. UN urges Malaysians amol top workaholics SINGAPORE90 words
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GREATER CHINA/INDIA
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Article, Illustration343 2013-06-07 13 Bloomberg [NEW DELHI] India, the world’s largest gold buyer, increased a tax on bullion imports to curb a record current-account deficit at a time when the World Gold Council predicts record quarterly demand for the metal in the country. The duty will riseBloomberg; PHOTO: AFP - 343 words
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602 2013-06-07 13 Weakness in exports could test PM Li’s reluctance to add growth stimulus Bloomberg [BEIJING] China’s crackdown on fake export invoices used to disguise money flows is probably cutting the nation’s trade figures, revealing subdued global demand that will weigh on economic growth. OutboundBloomberg - 602 words
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Advertisement2988 2013-06-07 13 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg notices IN THE MATTER OF THE COMPANIES ACT (CAR 50) AND IN THE MATTER OF J.C. PENNEY PURCHASING CORPORATION (SINGAPORE) PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****4626H) At an Extraordinary General Meeting of the member of the abovenamed Company2,988 words
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WORLD
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Article, Illustration642 2013-06-07 14 China wine-dumping probe follows EC’s anti-dumping duties on solar panels AFP [BORDEAUX] Fears of an EU-China trade war mounted on Wednesday after Beijing launched an anti-dump-ing investigation into European wine imports, a move greeted with alarm in the vineyards of Bordeaux, France.AFP; PHOTO: AFP - 642 words
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322 2013-06-07 14 It mulls over power to force banks to join rate-setting panels Bloomberg [BRUSSELS] The European Union is considering whether to hand oversight of the scandal-ridden London interbank offered rate to the European Securities and Markets Authority (ESMA). The European Commission is proposingBloomberg - 322 words
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Article, Illustration627 2013-06-07 14 AP [WASHINGTON] Investors could lose principal from money market investment funds that perform poorly under regulations proposed on Wednesday by the Securities and Exchange Commission. But the change would affect mainly institutional rather than individual investors. The SEC voted 5-0 to advance theAP - 627 words
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Article, Illustration442 2013-06-07 15 It’s taken as the latest sign that the economy is recovering Bloomberg [WASHINGTON] An increase in the number of babies being born provides the latest sign that the US economy is mending from the worst recession of the post-World War IIBloomberg; PHOTO: AFP - 442 words
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787 2013-06-07 16 For instance, it underestimated the damage that fiscal austerity would do WP [WASHINGTON] The International Monetary Fund published on Wednesday a scathing self-assessment of its bailout of Greece, concluding that the plan had “notable failures” that have left its economy inWP - 787 words
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Article, Illustration365 2013-06-07 16 AFP [KOUROU, French Guiana] A European rocket blasted off from French Guiana on Wednesday carrying a record 6.6 tonnes of cargo for the International Space Station (ISS) and its orbiting crew. A space freighter with food, water, oxygen, science experiments and special treatsAFP; PHOTO: AFP - 365 words
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459 2013-06-07 16 Move comes just before Obama’s meeting with Xi AP [SEOUL] North and South Korea have agreed to hold talks on reopening a jointly run factory complex and possibly other issues, a hopeful sign for ending deteriorating relations that comes just as China andAP - 459 words
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426 2013-06-07 16 Disclosure sets off new furore over scope of government surveillance NYT [WASHINGTON] The Obama administration is secretly carrying out a domestic surveillance programme under which it is collecting business communications records involving Americans under a hotly debated section of the Patriot Act, accordingNYT - 426 words
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Article, Illustration738 2013-06-07 18 Improving sentiment is giving him time to mull more measures to aid bloc’s revival the US economy. Bloomberg, AP [LONDON] European Central Bank (ECB) President Mario Draghi said the eu-ro-area economy will return to growth by the end of the year, handing policymakersthe US economy. – Bloomberg, AP; PHOTO: AP - 738 words
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451 2013-06-07 18 They disable over 1,000 botnets used for massive fraud AFP [SAN FRANCISCO] Microsoft said on Wednesday that it teamed up with the FBI to disrupt armies of hacked computers used to commit more than a half-billion dollars in financial fraud around theAFP - 451 words
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415 2013-06-07 18 Bloomberg [PARIS] Agricultural prices will climb in the next decade on a combination of higher energy costs, falling productivity growth and rising demand, the Organisation for Economic Co-opera-tion and Development (OECD) and the United Nations’ Food and Agriculture Organization (FAO) forecast.Bloomberg - 415 words
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294 2013-06-07 18 AP [TOKYO] French President Francois Hollande arrived in Japan yesterday for a visit expected to focus on closer cooperation in nuclear energy technologies and on Prime Minister Shinzo Abe’s economic strategies. Mr Hollande and Mr Abe will hold summit talks that local mediaAP - 294 words
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Advertisement60 2013-06-07 14 5 K h V.N Turning On The Luxury World High tech, high-design temples to pamper you Pounding Through Pamplona I The ancient Spanis city beyond the bull run DINE I A publication of ZbBz offers an effective bilingual marketing platform that targets the affluent audience. For advertisement bookings or enquiries,60 words
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Advertisement233 2013-06-07 14 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices NOTICE OF INTENTION TO DECLARE DIVIDEND Name of Company Cloud 9 Lifestyle Pte. Ltd. (In Creditors’ Voluntary Liquidation) (Co. Reg. No. *****3077M) Address of Registered Office 21 Merchant Road #05-01 Singapore *****7 Last Day of Receiving Proofs 21 June 2013 Names of233 words
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Advertisement250 2013-06-07 14 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 DOWELL INVESTMENTS PTE LTD Co. Reg. No. *****7161N MEMBERS’ VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company held on the 2nd day of June 2013, the following special resolution was duly passed: “That the Company be wound up voluntarily250 words
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Advertisement211 2013-06-07 14 In the matter of the Companies Act, Cap 50 And In the Matter of LLC Invest Pte Ltd (In Members’ Voluntary Liquidation) (Registration No.: *****3797M) NOTICE OF FINAL MEETING Notice is hereby given that, pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the members211 words
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Advertisement212 2013-06-07 15 Treat Dad to Sunday Brunch at Edge, pamper him with a Cantonese à la carte Yum Cha buffet at Hai Tien Lo or an exquisite set brunch at Keyaki. Have your picture snapped by our photographer and stand a chance to win a stay in our Presidential Suite. Winners will212 words
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Advertisement1050 2013-06-07 16 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices SALE OF VESSEL “NEPTANK VIII” PARTICULARS OF VESSEL Name of Vessel “NEPTANK VIII” IMO No. Official No. *****82 *****9 Type Single Hull Product Oil Tanker Flag Port of Registry Singapore Call Sign 9V3476 Classification Det Norske Veritas Location Lying afloat at Eastern1,050 words
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Advertisement537 2013-06-07 17 l T l STJOBS IS GIVING ALL EMPLOYERS FREE BOOTHS* (a^itionaj^^^^BSmedlJj at the STJobs Career Development Fair 2013! Exhibitor Name Booth No REQUEST NOW! LIMITED BOOTHS AVAILABLE Interested in being a part of Singapore's biggest and most exciting congregation of job seekers, employers and training providers, all in one venue?537 words
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Advertisement81 2013-06-07 18 Aim, Shoot, Score Are you a HR Professional looking to fill up vacancies in your company? Sign up with STJobs.sg now to take aim at the right candidate and access almost 100,000 registered users and resumes. STJOBS.sg Awarded Best in Cross r^Al-—Media Advertising (Silver) for Asian Digital Media Awards 201281 words
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Advertisement74 2013-06-07 18 JUNE ISSUE OUT NOW! Free gifts from tech@vogue with this promo card Exclusively for HWM Print readers. While stocks last. IN THIS ISSUE SAMSUNG GALAXY S4 TESTED TOP STREAMING MUSIC SERVICES BETTER MOBILE PHOTOGRAPHY Receive a FOBO wireless tag worth $89.90 with a l-year print subscription. while stocks last. Visit74 words
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Advertisement28 2013-06-07 18 LEARNING THROUGH EXCHANGE Indian and S’porean students on their trips to each other’s country Doc who paints GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST28 words
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Page 19 Advertisements
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Advertisement326 2013-06-07 19 w* m SUBSCRIBE TO LIANHE ZAOBAO ALL-IN-ONE BE REWARDED! mu. ksk. S®^ES*afiiPM2.5iSg *it» u '1 o N^\ PRINT ONLINE s *PM2.5»« TABLET NEW Zaobao All-In-One Subscriber or DIRECT Existing Subscriber who upgrades to Zaobao All-In-One GETS A SURE-WIN GIFT 7 Seater m s rs II i m S L zafira326 words
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EDITORIAL & OPINION
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503 2013-06-07 20 EDITORIAL THE property market in Iskandar Malaysia is red hot, to put it mildly. Earlier this week, for instance, nearly 1,600 people about a third being Singaporeans put their names down just 147 available units at the new Afiniti Residences project in503 words
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Article, Illustration774 2013-06-07 20 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON conspicuously missing today. The Washington Post Writers Group LET me admit upfront: I am a Paul Volcker fan. As everyone should know, Mr Volcker became chairman of the US Federal Reserve in 1979 when double-digitconspicuously missing today. – The Washington Post Writers Group - 774 words
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Article, Illustration1011 2013-06-07 20 LEON HADAR - Much of US economic recovery has been the result of money-pumping by the Fed LEON HADAR Washington Correspondent THE mood swings that the stock markets exhibited again on late Tuesday afternoon following the release of comments by a top Federal ReservePHOTO: AFP - 1,011 words
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Article, Illustration1202 2013-06-07 21 ALLEN MORRISON - Firms venturing overseas learn that success at home is no help when going global and it may even be a hindrance By ALLEN MORRISON The writer is professor of global management and the holder of the Kristian Gerhard Jebsen Chair for Responsible Leadership atPHOTO: REUTERS - 1,202 words
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Article, Illustration888 2013-06-07 21 EDWARD HADAS - REUTERS BREAKINGVIEWS By EDWARD HADAS IN many ways, the financial world has changed remarkably little in the five years since the 2008 financial crisis. Yes, banks, brokers and other intermediaries are neither as profitable nor as popular as in the pre-crisis years. However, thePHOTO: AP - 888 words
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PROPERTY
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Article, Illustration1330 2013-06-07 22 China takes the lion’s share of new projects coming up for wealthy travellers NYT [LIJIANG, China] Tourists from China’s crowded coasts have long considered this city of 1.2 million in the Himalayan foothills to be a scenic getaway. Its hotel choices areNYT - 1,330 words
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Page 22 Advertisements
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Advertisement738 2013-06-07 22 D10 HOUSE FOR SALE NASSIM A Class Above The Rest! Nassim. 15,028 sqft. Wow!! Selling Below Valuation 9109 4480 RL Visit: www.landedhome.com.sg D11 21 HOUSE FOR SALE BUNGALOW Beautiful Bungalow. 8230/ 5100 sqft. Unusual, 5+1 bdrms all with attached bath walk in dressers. Large Patio, Pool. Steve 9297 3365 D11738 words
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Page 23 Advertisements
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Advertisement809 2013-06-07 23 D05 APARTMENT FOR SALE ROCHESTER 3+1, 1948 sqft. Sea/ Greenery view, High floor, Fully renovated, 3 mins walk to MRT. Open house Sun 2-4pm. Augustine Wee 9834 4958 D09 APARTMENT FOR SALE CENTENNIA SUITES 2+1 1238sf. FH. TOP soon. High floor, spacious, private lift. Near Great World City shopping centre.809 words
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Page 24 Advertisements
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Advertisement533 2013-06-07 24 D25 APARTMENT FOR RENT WOODSVALE 3+1 1292 sqft. High floor. Furn. Aircon. Mid June. Near MRT. Viewing by appt. Eva 8298 5369 D27 APARTMENT FOR RENT THE ESTUARY 2+1 with Patio 1000sf P/Unfurn. Immed. Near Khatib MRT/Greenery Pk. Beautiful. Cozy unit. Jolene 9843 1 332 D01 SHOP FOR SALE HONGKONG533 words
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AVIATION/SHIPPING
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451 2013-06-07 25 NISHA RAMCHANDANI - Air NZ is paying A$36.9m for 3% of VA, boosting its total stake to 23% By NISHA RAMCHANDANI IN a move that transforms Air New Zealand (Air NZ) as the biggest shareholder in Virgin Australia (VA), the former is bumping up451 words
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Article, Illustration612 2013-06-07 25 Re uters [KUALA LUMPUR] Malaysia’s AirAsia Bhd, which has dominated budget air travel in Asia with explosive growth over the past decade, faces serious competition at home just as it tries to scale up operations in the region. Malindo Airways, an affiliateReuters; PHOTOS: REUTERS - 612 words
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296 2013-06-07 25 NISHA RAMCHANDANI - HK group’s 33.3% stake likely to help airline get licence By NISHA RAMCHANDANI SHUN Tak Holdings, backed by gaming tycoon Stanley Ho, has bought a 33.3 per cent stake in budget carrier Jetstar Hong Kong. The remaining two thirds is held by existing296 words
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Article229 2013-06-07 25 SGX '000 Jun 6 S$ +/-Vol CH Offshore 0.43 unch 128 Chuan Hup Hldg 0.27 unch 295 Cosco Corp 0.77 -0.02 2663 s$ First Ship Lea Freight Links Grand Banks............unch unch 0 Jaya Hold Ltd K1Ventures 0.17 unch 1724 Keppel Corp 10.53 -0.10 3790 Mercator Lines 0.11 unch229 words
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432 2013-06-07 25 Reuters [OSLO] Shipping magnate John Fredriksen expects the tanker market to remain depressed for at least two more years, but is more optimistic about the outlook for other arms of his shipping empire, he told Reuters on Wednesday. Mr FredriksenReuters - 432 words
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310 2013-06-07 25 Reuters [BRASILIA] Brazilian President Dilma Rousseff signed into law on Wednesday new regulations to make its ports more efficient and attract up to US$12 billion in investments as the country begins to tackle logistics bottlenecks hampering vast farm exports. The estimate isReuters - 310 words
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Page 25 Advertisements
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Advertisement55 2013-06-07 25 (t V Ready for your first car? New or used car, you can find it here on STCars.sg. Log on to find your ideal first car today! o STCars.SG i STCarsSG ►Googleplay > AppStore A product of SPH, Singapore’s Trusted Media Group STCars.sg Buy, Sell or Rent, your ideal car55 words
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2710 2013-06-07 26 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 Destination2,710 words
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Page 26 Advertisements
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Advertisement88 2013-06-07 26 CONVENTIONAL CARGO SERVICE VESSEL VOY HKG SIN PKL Brave Ocean 143 SLD IN PT Franbo Prospect 44 20/06 22/06 Marine Star 187 21/06 27/06 SINGAPORE: BSA TRANSPORTATION PTE LTD 10 ANSON ROAD #12-04 INTERNATIONAL PLAZA S*****3 TEL: *****268 FAX: *****203 EMAIL: bsatpl@bsat.sg PORT KLANG: TIGA PINA SHIPPING TEL: 03-*****301 FOR88 words
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Advertisement18 2013-06-07 26 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times18 words
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Page 27 Advertisements
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Advertisement181 2013-06-07 27 Importers looking for Warehouse Can they find your services here in the Shipping Times? the business times TO ADVERTISE, CALL JOE WONG AT 9620 1327 fl FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327181 words
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Advertisement0 2013-06-07 27 ]=">@\([_($~\?}=<\+..<]]*-?^=?&0 words
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SINGAPORE STOCKS
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Article3316 2013-06-07 28 Transaction date: Jun 6 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 8.8 3 A-Sonic Sale Vol Day Last Quote (’000) High Low Buyer Seller Div Gr Yld 188 106 AIMSAMPIReit3,316 words
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Article257 2013-06-07 29 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 2.4 1.3 t Advanced System 1.6 unch 1350 1.6 1.5 1.5 1.6 25.4 Vol Cooo) Day High Last Quote Low Buyer257 words
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Article10867 2013-06-07 29 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha FundCl A!** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mat Asia Limited Asian Local Ccy SD Bond 1.0039/ Asian Smaller Cos!" .2 0532/ 2 8786/ EM local Ccy Bond 0 9762/ European Opportunities!"10,867 words
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Article257 2013-06-07 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 52 30.5 Genting HK US$ US47 -2.5 ***** 49 47 47 47.5 3094.7 6.9 3 OGL Resources A$ A4.5 +0.7 40 4.5 3.8 3.8 5.6 0.7257 words
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Article894 2013-06-07 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF Last 143 120.4 CIMB APAC Div 100S$D 137.5 133.8 134.7 114.4 96 CIMB APAC Div 100US$ US114.4 106.8 107.6 12894 words
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FINANCE & COMMODITIES
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Article652 2013-06-07 30 Jun 6 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.29 *****.53 *****.02 Jun13 *****.00 *****.00 *****.00 *****.00 *****9 *****0 Sep13 *****.00 *****.00 *****.00 *****.00 6488 ***** MSCI TAIWAN INDEX FUTURES SPOT 290.56 291.47 288.26 Jun13 291.50 292.40 287.30 288.90 ***** *****7 Jul13 286.70652 words
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373 2013-06-07 30 In local curr In S$ In US$ dy yr dy yr dy yr Jun 5 Index Change Change Change Change Change Change World Preliminary 1044.5 -1.4 11.3 -1.7 11.0 -1.3 8.6 EAFE Preliminary 855.1 -2.0 10.4 -2.1 6.9 -1.7 4.6 Europe Preliminary 1229.5 -1.7 7.2373 words
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Article471 2013-06-07 30 Jun 6 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.981 5.824 0.723 7.369 53.950 92.975 0.942 10.625 2.927 1.192 93.473 40.010 1.185 9.504 0.893 28.398 29.053 0.615 0.949 Canada 1.019 5.938471 words
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Article66 2013-06-07 30 Jun 6 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid66 words
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Article142 2013-06-07 30 Jun 6 GOLD(US$/oz) Jun 06 Jun 05 Hong Kong 1407.00 1411.00 Jun 05 Jun 04 London 1406.64 1394.72 1408.36 1395.67 Source: Thomson Reuters CAST BAR Jun 06 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 127 56 5gm 360 282 10gm 643 563142 words
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Article94 2013-06-07 30 Jun 6 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 05-Sep-13 0.25 0.20 0.2 6-Month BS*****H 29-Nov-13 0.26 1-Year BY*****H 02-May-14 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 100.06 100.13 100.10 5-Year94 words
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Article61 2013-06-07 30 Jun 6 Jun 6 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 13 2390.0 2369.0 2390.0 2390.0 1 1121 Jul 13 2395.0 2395.0 2424.0 2377.0 2460 ***** Aug 13 2405.0 2403.0 2436.0 2389.0 ***** ***** Sep 1361 words
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Article155 2013-06-07 30 Jun 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1844 1.1851 0.9492 0.9497 Canadian dollar 1.2075 1.2082 0.9681 0.9677 Euro 1.6376 1.6379 1.3124 1.3125 NZ dollar 0.9940 0.9947 0.7966 0.7971 Sterling pound 1.9261 1.9266 1.5436 1.5439155 words
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Article109 2013-06-07 30 Jun 5 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 13 1532.00 1528.75 1549.00 1523.25 Aug 13 1454.75 1452.00 1466.00 1448.25 Sep 13 1354.00 1360.25 1362.50 1350.00 Nov 13 1300.00 1316.00 1317.00 1296.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 13109 words
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Article95 2013-06-07 30 Jun 5 COCOA (£/tonne) Close Prev High Low Jul 13 1552 1528 1555 1523 Sep 13 1546 1530 1550 1521 Dec 13 1541 1531 1548 1524 Mar 14 1537 1529 1544 1522 COFFEE(US$/tonne) Close Prev High Low Jul 13 1852 1876 1884 1843 Sep 13 1879 1904 1911 187195 words
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1057 2013-06-07 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 ..............0.4 -3.6 12 1 146 486 62.50 11 Acma Ltd. W*****6 Exer Albedo Limited W*****9 Prem AlliedTech W*****2 GearAsiatravel.com HoldingsW*****7 1 1 25 13 Asiatravel.com HoldingsW*****5 2 11,057 words
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Article70 2013-06-07 30 CRUDE OIL PRODUCTS Jun 05 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 103.75 1.63 WTI (Near Mth) 93.67 0.29 Dubai (1-Mth F) 99.93 1.51 Tapis blend 107.39 1.96 Minas 102.39 2.96 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 95.78 0.67 Jet Kerosene 116.11 1.61 US$/barrel OpecOil Basket70 words
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Article24 2013-06-07 30 Jun 6 Jun 6 s$ Bid Offer 1-month 1.2478 1.2479 2-months 1.2477 1.2479 3-months 1.2477 1.2479 6-months 1.2474 1.2482 Source: OCBC24 words
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Article65 2013-06-07 30 Jun-05 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1944.00 1920.00 3 months 1972.00 1946.00 Copper, Grade A(US$/tonne) Cash 7422.25 7423.25 3 months 7455.00 7455.00 Lead(US$/tonne) Cash 2248.50 2246.50 3 months 2245.50 2240.00 Nickel (US$/tonne) Cash *****.50 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.0065 words
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Article121 2013-06-07 30 As at 9am Jun 06 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.213 1.156 Can dollar 1.230 1.183 Euro 1.674 1.595 Sterling pound 1.961 1.886 NZ dollar 1.015 0.976 US dollar 1.276 1.216 Local dollars to 100 units of foreign121 words
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Article157 2013-06-07 30 Jun 6 $S Offer Bid 0vernight 0.02 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.03 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.60 0.40 9 months 0.75 0.55 12157 words
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Page 31 Miscellaneous
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Miscellaneous287 2013-06-07 31 CRYPTIC CROSSWORD Across 1 Mum’s outfit, with antique flower (8) 5 Peg and I obtained starting price first (6) 9 Reserve team up to take a dive? (8) 10 One in seven in need of a tissue? (6) 11 Cups set out perhaps he did it (7) 12 Cold, icy287 words
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Page 33 Advertisements
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Advertisement164 2013-06-07 33 chill out in boracay only with the largest budget carrier in singapore+ direct flights 3x weekly kalibo(boracay) 115*S$ from book by 10 jun 2013 travel period: 18 jun to 18 oct 2013 enhance your flight experience with tiger add-ons dedicated check-in SATS premier lounge priority boarding book and pay www.tigerairways.com164 words
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Page 35 Advertisements
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Advertisement159 2013-06-07 35 SHOWTIME PRODUCTIONS EFG BANK PROUDLY PRESENT THE JEREMY MONTEIRO INTERNATIONAL TRIO THREE JAZZ DIVAS LIVE AT THE ARTS HOUSE SINGAPORE FEATURIN NAN KELLY (USA), EILEINA D’ENNIS M THAN m CHRISTY JEREMY MONTEIRO Catch The Jeremy Monteiro International Trio in action with three stellar Jazz Divas- Nancy Kelly, Eileina D’ennis and159 words
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executive lifestyle
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Article, Illustration1418 2013-06-07 36 HELMI YUSOF - Local playwrights Michael Chiang and Alfian Sa’at are feted all July. So why do so few S’poreans want to be playwrights? ByHELMI HELMI YUSOF COME July, by sheer coincidence, two of Singapore’s most popular playwrights will have a month-long showcase of their plays a rare occasion for local1,418 words
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Article, Illustration302 2013-06-07 36 YOU see them in the pages of magazines, the front rows of fashion shows, and the above-ground levels of Ion shopping mall never the basement levels, mind you. But what do you really know about these tai tais (socialites, in local parlance)? Trust Michael Chiang302 words
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Article, Illustration330 2013-06-07 36 THREE plays and a series of workshops and discussions on Alfian Sa’at mark perhaps the first time a living local playwright has been feted in such a way. W!ld Rice’s Alfian Sa’at In The Spotlight features the premiere of his new play Cook A Pot of330 words
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WINE
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Article, Illustration548 2013-06-07 31 DYLAN TAN - By DYLAN TAN HERE’S something whisky connoisseurs will want to drink to: prestigious Scottish distillery The Macallan has collaborated with famed creative director Fabien Baron and luxury crystal masters Lalique to produce M which its makers are calling “the world’s most sophisticated single malt whisky contained548 words
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Article, Illustration1328 2013-06-07 31 NK YONG - waxes lyrical over his last bottle of De Vogue’s Bourgogne Blanc 1995; revisits serving etiquette NK YONG A BEAUTIFUL wine can sometimes leave you speechless. You don’t know what you are experiencing, except perhaps the magic of wine. It does not happen1,328 words
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Around Town
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Article116 2013-06-07 31 Dirty Dancing: Catch the stage adaptation of the iconic 1987 film of the same name, which follows a teenage girl’s relationship with a dance instructor. The original film starred Patrick Swayze and Jennifer Grey in the lead roles, and won several accolades including an Academy Award for Best Original116 words
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Article, Illustration185 2013-06-07 31 Corrinne May: Your Song: Unwind after a busy work week at homegrown musician Corrinne May’s concert, where she will perform songs from her five albums. The sing-er-songwriter is known for hits like Journey and Save Me. Esplanade Concert Hall tonight at 8pm. The concert is about 90 minutes long.185 words
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Article88 2013-06-07 31 Un Barrage Contre Le Pacifique (The Sea Wall): Set in 1931 French Indochina, this film follows the lives and struggles of a widow and her two children living by the sea. Helmed by Cambodian director Rithy Panh, the movie is performed in French with English subtitles, and stars Isabelle88 words
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Article76 2013-06-07 31 The Oddinary Show: Check out this degree graduation showcase by Nanyang Academy of Fine Arts’ (Nafa) graphic communication students. The works are centred on coming up with changes and solu- tions to the problems posed by an everevolving world. Galleries 1 2, NAFA Campus 1, 80 Bencoolen Street from76 words
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Article121 2013-06-07 31 An Italian Experience with Two Miche-lin-Star Chef Giovanni D’Amato: Savour Italian cuisine by two Michelin-Star chef Giovanni D’Amato at The Fullerton Hotel Singapore’s restaurant The Lighthouse. Guests can look forward to pairing a six-course degustation menu with champagnes by Moët Chandon, as well as tucking into a la carte121 words
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Article98 2013-06-07 31 Sara Yap - Compiled by Sara Yap Beerfest Asia 2013: This annual beer festival is back here for its fifth run, and features over 300 types of beer from all over the world. Beer lovers can look forward to a lineup which includes tasting workshops, beer auctions and stand-up comedy performances over98 words
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ARTS
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Article, Illustration911 2013-06-07 32 HELMI YUSOF - They may seem simple but text-based art often speaks volumes. ByHELMI HELMI YUSOF BY now, the question of whether text on canvas can be considered art or not is no longer an issue, as it had been a century ago when it first appeared in911 words
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Article, Illustration664 2013-06-07 32 SARA YAP - By SARA YAP WHEN his father died and he was earning barely enough to pay for art materials, Indonesian artist Made Sukadana felt like it was one of the darkest times of his life. That was in 2000, and he was also going through a creative664 words
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Article, Illustration191 2013-06-07 32 HELMI YUSOF - By HELMI YUSOF FOR a free and fulfilling feast of the arts next Friday night, your best bet is the inaugural Arts Night Crawl at the newly opened Aliwal Arts Centre. The event boasts 15 free performances and installations by 100 artists, from dancers and191 words
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Article, Illustration659 2013-06-07 32 SARA YAP - By SARA YAP FINGER-PAINTING usually evokes memories of kindergarten art projects and the hassle of having to clean up after getting paint everywhere. But for local artist Adeline Yeo, who embraced it as her signature style of painting three years ago, it is her secret659 words
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Article, Illustration683 2013-06-07 33 CHEAH UI-HOON - CHEAH UI-HOON highlights some of the Singapore entertainers and artisans taking part in the annual George Town Festival CHEAH UI-HOON SINGAPORE’S artists and artisans are headed north this month to make their presence felt at the annual George Town Festival in Penang. The four-year-old Causeway Exchange683 words
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Article, Illustration806 2013-06-07 33 NATALIE KOH - By NATALIE KOH WHAT do Michelin chef Paul Bates, artistes Pauline Daniels and Pete Price, ex-Manchester United players Andy Cole, Denis Irwin, Lee Sharpe and Clayton Blackmore, and artists Tim Wakefield, Paul Oz, Colin Brown and Horace Panter have in common? For one, they’re806 words
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DESIGN/MUSIC
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Article, Illustration774 2013-06-07 34 TAY SUAN CHIANG - A new exhibition gives a rich overview of the work of husband-and-wife design team Charles and Ray Eames. TAY SUAN CHIANG reports TAY SUAN CHIANG YOU may have curled up on one of their lounge chairs, or have one of their moulded plastic chairs774 words
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Article, Illustration672 2013-06-07 34 NATALIE KOH - By NATALIE KOH WHEN Canadian stage actor Charles Ross first decided to come up with a series of one-man shows, it wasn’t the result of a sudden burst of inspiration. It was more an economic move, at least in the beginning.672 words
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Article, Illustration662 2013-06-07 34 NATALIE KOH - By NATALIE KOH WHEN the film The Lord of the Rings: The Fellowship of the Ring, based on JRR Tolkien’s novel, was released 12 years ago, it received critical acclaim, became one of the highest grossing films of all time, and662 words
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CINEMA
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Article, Illustration764 2013-06-07 35 DYLAN TAN - After Earth could have been a roller-coaster of a movie but turned out to be as routine as a bus ride, says DYLAN TAN DYLAN TAN M NIGHT Shyamalan has had a hard time getting into any film critic’s good books after The SixthPHOTO: COLUMBIA PICTURES - 764 words
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Article, Illustration447 2013-06-07 35 SARA YAP - By SARA YAP MAGIC tricks, Ocean’s Eleven-type heists, Egyptian supernaturalism and an Il-luminati-esque secret society it seems unlikely that all these elements can successfully co-exist in the same movie. But judging from how they are haphazardly crammed into caper film Now You See Me, director LouisPHOTO: SUMMIT ENTERTAINMENT - 447 words
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Article, Illustration458 2013-06-07 35 DYLAN TAN - By DYLAN TAN HOW about this for an impressive and ambitious debut? One of Mainland China’s most successful actresses, Vicki Zhao Wei, has stepped behind the camera after being in front of it for the last 15 years and ended up directing one ofPHOTO: FESTIVE FILMS - 458 words
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Page 37 Advertisements
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Advertisement124 2013-06-07 38 SINGAPORE AUDEMARS PIGUET BOUTIQUE 541 ORCHARD ROAD LIAT TOWERS #01-03 TEL (65) 6836 4918 audemarspiguet.com TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE UNIQUE ASYMMETRIC STYLING OF THE AUDEMARS PIGUET MILLENARY COLLECTION HAS TRANSFORMED THE WAY DESIGN ENGINEERS DEVELOP CALIBRES. THIS TRI DIMENSIONAL MOVEMENT COM BINES PERFORMANCE AND124 words
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Page 1 Advertisements
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Advertisement60 2013-06-07 1 2013 LuxeSummer asia redux YOUNG GUNS OF CHINESE ART AND ASIAN FASHION AI WEIWEI bravely defiant but haunted by father-son relationships RICHARD BRANSON MAKING A MARK IN ASIA building with nature in mind TOYO ITO EDMUND CHENG JEFFREY CHEAH Bangkok Hong Kong Taipei Jakarta Delhi top chefs experts on a60 words
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Page 2 Advertisements
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Advertisement385 2013-06-07 2 CONTENTS 20 LUXE NEWS 6 TRENDSPOTTING Feel-good buys and statement pieces to get your hands on this summer 7 UP CLOSE AND PERSONAL Trade fair SIHH spawns a Hong Kong offshoot for watchmakers to party with Asian horology fans FACES 8 WHERE THERE’S A WILL, THERE’S A WEI Twice voted385 words
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Page 3 Advertisements
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Advertisement106 2013-06-07 3 •flh LEE HWA JEWELLERY ION ORCHARD BUGIS JUNCTION PARKWAY PARADE VIVOCITY WISMA ATRIA FOREVERMARK.COM/LEEHWAJEWELLERY TeMSOO 382 1111 r S' V w a Less than one percent of the world’s diamonds can carry the Forevermark inscription a promise that each is beautiful, rare and responsibly sourced. Lee Hwa Jewellery presents the106 words
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LUXE SUMMER 2013
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Article, Illustration500 2013-06-07 4 Jaime Ee - Jaime Ee EDITOR, LUXE SUMMER W ELCOME to Summer or as a Singaporean would put it, “another bladdy hot day”. The concept of seasonality may not apply in our tropical isle, but it seems as good a way as any to introduce the all-new BT Luxe Summer a500 words
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LUXE NEWS
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Article, Illustration567 2013-06-07 6 DYLAN TAN, MAY YIP - Feel-good buys and statement pieces to get your hands on this summer. BY DYLAN TAN, MAY YIP ASIA MAJOR Orientalism is a recurring runway trend. But instead ofchannellingan exoticised East through frog buttons, sarongs and Mandarin collars, it’s all about luxury as interpreted by Asian boutiques at The Shoppes567 words
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Article, Illustration570 2013-06-07 7 DYLAN TAN - Trade fair SIH H spawns a Hong Kong offshoot for watchmakers to party with Asian horology fans. BY DYLAN TAN L OVERS of fine watches, set your time pieces. Salon International de la Haute Horlogerie (SIHH) the prestigious annual watch trade fair is hosting an “after-party”570 words
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FACES
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Article, Illustration1619 2013-06-07 8 GAO YUAN - Twice voted the world’s most powerful artist, Ai Weiwei has bravely defied the Chinese authorities. So why is he so haunted by his father-son relationships? by helmi yusof Portrait of Ai Weiwei By GAO YUAN By GAO YUAN H ERO or hooligan? Saviour1,619 words
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Article, Illustration1460 2013-06-07 10 TAY SUAN CHIANG - What started as Pritzker Prize-winning architect Toyo Ito and property developer Edmund Cheng joining forces to put their own spin on Singapore’s residential landscape has evolved into a friendship built on common interests and a shared vision. BY TAY SUAN CHIANG HEN Toyo Ito found out he1,460 words
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Article, Illustration1070 2013-06-07 12 JAIME EE - Ipoh-born founder-chairman of the Sunway Group Jeffrey Cheah wants to make the world a better place. By turning derelict land into eco-friendly resorts, he shows that making money and conservation can coexist in harmony. BY JAIME EE J EFFREY Cheah has a pithy way of summing up his1,070 words
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Article, Illustration1067 2013-06-07 13 TAY SUAN CHIANG - From music to beverages to space travel, Richard Branson, billionaire founder of the Virgin Group has ventured into businesses some consider impossible. Now, he is set on increasing Virgin’s presence in the region, starting with a fitness chain to get Asians off their bums. BY TAY S UAPhoto by Yen Meng Jiin; Portrait of Richard Branson By YEN MENG JIIN - 1,067 words
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ART
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Article, Illustration958 2013-06-07 14 HELMI YUSOF - In China’s booming art market, works by top artists have reached levels only the super-rich can afford. Far-sighted collectors are now putting their money on the next generation of artists who may prove to be the market’s best bet. BY HELMI YUSOF CHINA has long had a tradition958 words
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STYLE
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Article, Illustration689 2013-06-07 16 MAY YIP - As Birkins become ubiquitous and monogrammes too mundane, Asia’s top-tier shoppers turn to little-known, home-grown names for a luxe fix. BY MAY YIP A FTER introducing international labels such as Saint Laurent, Emilio Pucci, Tod’s, Hugo Boss and Ermenegildo Zegna to Malaysia for the past two decades, retail689 words
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Article, Illustration756 2013-06-07 17 While the uber-rich once relied on international houses for unique investment pieces, they now value Asian labels for their exclusivity. With craftsmanship and luxury materials like precious stones and exotic skins widely available in the East, why not go to the source for high-end wares with better756 words
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ASIA’S CHANGING FACES PATTAYA
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Article, Illustration1008 2013-06-07 18 JAIME EE - Asian destinations once considered rustic or even sleazy are now taking the upmarket route to the hearts of visitors. We go to Pattaya, Boracay and Danang travel hot spots that are undergoing an image overhaul, and the changes we find there are anything but cosmetic. BY JAIME EE1,008 words
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ASIA’S CHANGING FACES BORACAY
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Article, Illustration1042 2013-06-07 19 TAY SUAN CHIANG - Boracay, once a sleepy outpost frequented by backpackers, now sees hotels and resort residences springing up. Visitors from Asia and beyond are not only making the island a holiday destination, but also a choice location to call home. BY TAY SUAN CHIANG ITH its powdery-white sand and clear1,042 words
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ASIA’S CHANGING FACES DANANG
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Article, Illustration1198 2013-06-07 20 DEBBIE YONG - Get in before the rest do. Danang is fast becoming South-east Asia’s latest hot spot for a bit of luxury pampering. BY DEBBIE YONG NCE considered the plainer cousin of neighbouring hot spots such as Bali and Phuket, and the unexplored middle and middling ground between historicallyPhotos courtesy of Banyan Tree Lang Co and Intercontinental Danang Sun Peninsular - 1,198 words
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A COOK’S TOUR BANGKOK
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Article, Illustration1137 2013-06-07 21 JAIME EE - Asia’s fine dining restaurants may be hogging the international spotlight now, but when you want a taste of homespun cooking where do you go? The region’s top food experts take you around their hometowns in search of the true taste of Asia. BY JAIME EE1,137 words
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A COOK’S TOUR HONG KONG
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Article, Illustration1176 2013-06-07 22 DAVID YIP - Hong Kong chef Paul Lau knows his stuff when it comes to eating out in the territory. On a whirlwind eating tour, he goes from supermarket to seafood supplier to restaurants places that reflect his cooking philosophy. BY DAVID YIP N Hong Kong, food is a religion.1,176 words
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A COOK’S TOUR | TAIPEI
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Article, Illustration970 2013-06-07 23 LIM SIO HUI, LEE CHIH SHAN - Taipei’s food scene comprises myriad restaurants, small eateries and roadside snack stalls. According to acclaimed chef Tseng Hsiu-Pao, pure Taiwanese cuisine is harder to come by, but he shares a few of his prized finds. BY LIM SIO HUI, LEE CHIH SHAN S ON to renowned Sichuan cuisine970 words
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A COOK’S TOUR JAKARTA
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Article, Illustration1043 2013-06-07 24 JAIME EE - A champion of Indonesian cuisine, celebrity chef and restaurateur William Wongso shares his passion for the humble warung indigenous street stalls that capture the essence of the country’s cuisine. BY JAIME EE H E’S cooked for Hillary Clinton, runs his own restaurants and line of food products, hosted1,043 words
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A COOK’S TOUR DELHI
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Article, Illustration959 2013-06-07 25 Celebrity chef, TV host and Masterchef India judge Sanjeev Kapoor gives you the lowdown on what to eat in the Indian capital. D ELHI for me means home. It’s food that my mother cooked like rajma chawal (kidney beans cooked with Indian spices into a rich red959 words
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Advertisement257 2013-06-07 4 A COOK’S TOUR 21 A COOK’S TOUR OF ASIA Asia’s fine dining restaurants may be hogging the international spotlight now, but when you want a taste of homespun cooking where do you go? The region’s top food experts take you around their hometowns in search of the true taste of257 words
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Advertisement63 2013-06-07 5 »>»))» I I 4 '.r n mm* 1L; V Hu i 4 1 4 )ii n 3i fc t Tantalise your taste buds with authentic local fare or reward yourself with a unique fine dining experience. Indulge in a sumptuous meal to accompany your shopping spree at The Shoppes at63 words
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Advertisement26 2013-06-07 26 OYSTER PERPETUAL COSMOGRAPH DAYTONA Cortinawatch sstt* CHINATOWN POINT, #01-08/09. TEL: 6702 0061 PARAGON, #01-13. TEL: 6235 0084RAFFLES CITY, #0 I -36A, TEL: 6339 9185 t ROLEX26 words
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