The Business Times, 16 February 2010

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Total Pages: 40
1 16 The Business Times
  • 21 1 THE BUSINESS TIMES www.businesstimes.com.sg FEBRUARY 16, 2010 S$1.00 MICA (P) 123/08/2009 S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E
    21 words
  • 747 1  -  The currency could rally if IMF bails out Greece, but the problem won’t go away in medium and long term By Neil Behrmann btworld@sph.com.sg London THE euro slide has hit Asian centralbanksand otherinvestors who purchased the currency when it was
    747 words
  • 646 1  -  By Nisha Ramchandani nishar@sph.com.sg Singapore IF the familiar haunts seemed like a ghost town over the Chinese New Year break, it was probably because everyone was queuing outside Singapore’s newly opened $6.59 billion integrated resort (IR) trying to get in. Some 35,000
    ARTHUR LEE  -  646 words
  • Page 1 Advertisements
    • 145 1 the business times www.businesstimes.com.sg FEBRUARY 16, 2010 S$1.00 CO REGN NO *****2868E MICA (P) 123/08/2009 SME SPOTLIGHT Breakthrough emulsion fuel 9 YEAR OF THE TIGER What lies ahead for stocks, property and the economy 4-5 |COMPANIES A roaring ride for Asia Pacific Breweries 8 productivity Work smart, urges PM Prime
      145 words

  • TOP STORIES
    • 535 2  -  S’pore working at just 60-70% of its potential and plans to do better, he says By Nisha Ramchandani nishar@sph.com.sg Singapore PRIME Minister Lee Hsien Loong says Singapore needs to redouble its efforts to boost productivity over the next 10 years. “If you compare
      PHOTO: AZIZ HUSSIN/ THE STRAITS TIMES  -  535 words
    • 714 3  -  Given the disparity in their growth rates, the Asian powerhouses may swop positions soon By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN managed to hang on to its status of being the world’s sec-ond-largest economy in 2009 but only just. Its
      BLOOMBERG  -  714 words
    • 24 3 Branchen Stars R1C-A 08/02/10 120,23 EUR CROCI Asia Pacific I1C-A 18/12/09 99,44 USD db X-MACRO Trading Index Fund I4D 04/02/10 95,93 GBP
      24 words
    • 11 3 FX Select Guaranteed Fund R1D 08/02/10 99,65 USD
      11 words
    • 29 3 Balanced Currency Harvest Euro 11C 08/02/10 98,30 EUR Booster Capital Guaranteed Fund SGD R1D 04/02/10 9,87 SGD Double Joy Capital Guaranteed Fund R1D 04/02/10 9,92 USD
      29 words
    • 923 4  -  And the key questions for this time are: Is there an Asian asset bubble in the making; is the equity rally over stocks| By Oh Boon Ping huwenbin@sph.com.sg Singapore IT seems that the Year of the Tiger has historically been linked to tumult
      Chart: Bloomberg Text: Compiled by BT  -  923 words
    • 597 5  -  Prospect of further price increases likely to be tempting but element of risk remains property| By Uma Shankari shankari@sph.com.sg Singapore THE Year of the Golden Tiger is expected to bring plenty of opportunities in the property market albeit risky ones if history (and geomancy)
      REUTERS  -  597 words
    • 734 5  -  economy| By Teh Shi Ning tshining@sph.com.sg Singapore THE YEAR of the Golden Tiger brings hope for a global economy on the mend, but not without crouching policy, political and weather risks, economists and geomancers say. Most hope for the
      734 words
    • 994 6  -  The carrier could have turned the corner but it needs more capacity to take on its formidable rivals By Ven Sreenivasan ven@sph.com.sg Singapore TIGER Airways came into 2010 with a roar as its $248 million IPO confounded sceptics with strong take-ups by investors. The
      994 words
    • 341 7  -  Sembcorp is ranked 78th and CDL 81st on the sixth annual list produced by Corporate Knights magazine By Joyce Hooi joyceh@sph.com.sg Singapore TWO local companies Sembcorp Industries Limited and City Developments Limited (CDL) have made the Global 100 Most Sustainable
      341 words
    • 508 7  - $200 bet lost but $6.6 b wager in good shape Genting chairman sets casino on its way with first baccarat bet By Arthur Lee arthurl@sph.com.sg Singapore LIM Kok Thay, chairman of Genting Group, placed a symbolic $200 first bet at the baccarat table on Sunday at the official opening ofSingapore’s
      PHOTO: ARTHUR LEE  -  508 words
  • Page 2 Advertisements
    • 84 2 cr Fantasy Waterbeds Pte Ltd Where Sleep Matters. Take apermanent break from your aches. Designed for maximum comfort to soothe the most tired and aching muscles, you can finally experience complete holistic sleep and all the benefits that come with it. "Visit our Fantasy Sleep Centre for your ultimate sleep
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  • Page 7 Advertisements
    • 215 7 NOTICES BUSINESS DEVELOPMENT ASIA UNITED PTE LTD Company Registration No: *****4124C (In Members' Voluntary Liquidation) (Incorporated in the Republic of Singapore) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that the Final Meeting of the abovenamed Company will be held at 111 W. 57th Street, Suite 1105, New York, NY
      215 words

  • COMPANIES
    • 835 8  - It may be time for a Tiger and its maker The next 12 months could be a roaring ride for Asia Pacific Breweries, the maker of Tiger beer. By Emilyn Yap TIGERyearsaretypi-cally characterised by drama and intensity, or so say geomancers. If their predictions are anything to go by, the
      835 words
    • 497 8  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur THIS being its “year”, Tiger beer is expected to find favour in Malaysia too. Throw in the World Cup, and analysts are of the view roaring sales are more than a possibility for
      497 words

  • SME INC
    • 1047 9  - Soon: fill ’er up with emulsion diesel? SgEF has developed a fuel that’s a lot more environment-friendly. Are we ready for it? By Timothy Seow timseow@sph.com.sg IF JEREMY Ng founder and CEO of Singapore Emulsion Fuel Pte Ltd (SgEF) has his way, all ofSingapore’spublicbuses will be powered by his ny’sveryownnano-emulsiondie-sel
      1,047 words
    • 310 9  -  By Abigail Kor abigailk@sph.com.sg THROUGHOUT his 10 years in the used-car industry, Damien Pang, founder of Nordad, has been gathering feedback from the market, industry partners and consumers. And what struck him most was the lack of choice and information that
      310 words
    • 1584 10 It’s a vital element, to ‘seize opportunities, grow new markets and operate across borders and cultures’, a new book says ECONOMIESall over the world including those in Asia are starting to recover from the recent downturn. But as organisations and businesses gear themselves
      1,584 words
    • 752 11  - Win the customer’s mind and heart Products must be imbued with an identity consistent with the consumer’s self-image. commentary By Ang Swee Hoon The writer is associate professor in marketing at NUS Business School. She specialises in consumer behaviour, advertising and branding. ITUSEDtobethatifamo-bile phone was reliable and the navigation intuitive
      REUTERS  -  752 words
    • 1511 12/13 THIS WEEK’S TOPIC Finance Minister Tharman Shanmugaratnam will deliver the Budget speech on Feb 22. As an SME, what is on your Budget wish list? Angie Tang CEO Director Franklin Offshore Holdings Pte Ltd ALTHOUGH we expect to see better business prospects in 2010,
      BLOOMBERG  -  1,511 words



  • Page 12/13 Advertisements
    • 95 12/13 Voices The topic for next week’s SME Voices Column is: How did your company celebrate the arrival of the Year of the Golden Tiger with the staff? What are the things your company did not skimp on during the festivities? If you are an SME owner or leader, we would
      95 words

  • WORLD
    • 804 14 Greece’s decade-long effort to skirt European debt limits show up on records NYT New York WALL Street tactics akin to the ones that fostered sub-prime mortgages in America have worsened the financial crisis shaking Greece and undermined the euro by enabling European
      NYT; REUTERS  -  804 words
    • 298 14 Bloomberg Brussels EUROPEAN Union regulators ordered Greece to disclose details of currency swaps after an inquiry by the country’s finance ministry uncovered a series of agreements with banks that it may have used to conceal mounting debts. The Greek swaps were employed to
      Bloomberg  -  298 words
    • 806 15  -  Japan’s firms relaxed on quality while competing overseas By Anthony Rowley btworld@sph.com.sg Tokyo THE Toyota affair has badly dented the image of not only the world’s leading carmaker but also “Japan Inc” as the govern-ment-industry complex which propelled Japan to international
      AP  -  806 words
    • 137 15 Reuters London ROYAL Dutch Shell plc could sell more than US$10 billion of assets, including its North Sea oilfields operations, the Sunday Times reported, citing sources close to the company. Shell has hired Credit Suisse to sell its US$1 billion European liquefied petroleum gas
      Reuters  -  137 words
    • 659 16  -  They aren’t in direct talks but consulting firm is in contact with them, say industry execs By S Jayasankaran btworld@sph.com.sg Kuala Lumpur A NEW suitor in the form of Affin Bank, Malaysia’s eighth largest lender, could emerge for the hand of EON
      659 words
    • 370 16 AP Washington PRESIDENT Barack Obama said last Saturday that new budget rules that say spending increases must be matched by spending cuts will force Congress to “pay for what it spends, just like everybody else”. He signed a bill last Friday reinstating budget rules
      AP  -  370 words
    • 218 16 AFP Riyadh RATING agency Moody’s yesterday upgraded Saudi Arabia to its second-highest level as oil earnings and a recovering economy push the government’s budget back into the black this year. Moody’s Investors Service hiked Saudi government foreign and local currency debt to Aa3 from the previous
      AFP  -  218 words
    • 981 17 Govt commitments to so many programmes may lead to deficits that cannot be sustained AP Washington IT’S bad enough that Greece’s debt problems have rattled global financial markets. In the world’slargesteconomicandmilitary power, there’s a far more serious debt dilemma. For the
      AP  -  981 words
    • 672 18 Reuters New Delhi INDIA’S Bharti Airtel, which is 30 per cent-owned by Singapore Telecommunications Ltd, launched its third attempt to gain a foothold in Africa, entering exclusive US$10.7 billion talks to buy most of Kuwaiti telecom Zain’s cellular assets in
      Reuters; REUTERS  -  672 words
    • 686 19 BHP Billiton also says the huge demand from China will underpin growth AFP Sydney RIO Tinto said on Sunday it wanted to grow ties with China despite four employees being charged with bribery and industrial espionage, as rival BHP Billiton
      AFP; BLOOMBERG  -  686 words
    • 423 19 Move aimed to prod Pyongyang to rejoin six-party talks AP Seoul CHINA plans to invest billions of dollars in North Korea in an apparent effort to prod the impoverished country to rejoin international nuclear disarmament talks, a news report said yesterday.
      AP  -  423 words
    • 779 20 It can either be an investor in the giant pipeline projects on the drawing board or be an export market AP Juneau, Alaska ALASKA officials are looking to China and what some believe will be that country’s strong demand for natural gas to
      AP  -  779 words
    • 317 20 It will reopen in 2014 as part of a non-profit foundation, he says AP Madrid ACCLAIMED Spanish chef Ferran Adria says his world famous restaurant elBulli is struggling financially and he’s looking for ways to keep it afloat when it reopens after
      AP; REUTERS  -  317 words
    • 656 21 It’s considering two repayment options, but neither is palatable to bankers Reuters Dubai IF Dubai was floating a trial balloon with a rumoured debt offer proposing a scant 60 cents on the dollar, it may have to think again. Stock markets tumbled
      Reuters  -  656 words
    • 372 21 Aim should be to start reducing spending in 2010-2011: economists AFP London LEADING economists warned on Sunday that Britain lacks a credible plan to cut its budget deficit, in a damaging attack on Prime MinisterGordonBrown’s government just months before a tough election fight.
      AFP; REUTERS  -  372 words
    • 201 21 AFP London BRITAIN is considering the introduction of “green bonds” offered to the public to help fund the sustainable energy industry, a newspaper reported yesterday. Ian Pearson, economic secretary to the finance ministry, told the Financial Times that he had asked officials to
      AFP  -  201 words

  • Page 15 Advertisements
    • 29 15 4>& to. Lianhe Zaobao What are people looking forward to in FY2010 Budget? 3^201 tr, 1 I w ¥m mm V m d For Subscription, call 6388 3838 www.sphsubscription.com.sg
      29 words







  • AVIATION
    • 587 22 Decision on fuel-efficient engine for the 737 will be made this year, says CEO Bloomberg Seattle BOEING Co expects additional orders for the 747-8 jumbo jet in the second half and will decide this year whether to develop new engines for the 737
      Bloomberg; AFP  -  587 words
    • 315 22 NYT Paris THE approval by US regulators of a deal to expand the alliance between British Airways and American Airlines puts added pressure on Europe’s new anti-trust boss to follow suit before a new round of trans-Atlantic aviation talks on the so-called Open Skies agreement, analysts
      NYT  -  315 words
    • 235 22 AFP Sydney AUSTRALIA and China on Sunday agreed to increase the number of flights between the countries as they move towards talks on an “open skies” accord, Transport Minister Anthony Albanese said. Under a new air services agreement, the number of seats available on
      AFP  -  235 words

  • SHIPPING
    • 609 23 Ellison’s trimaran is the first US boat to lift America’s Cup since 1992 Reuters Valencia, Spain US CHALLENGERS BMW Oracle won the 33rd America’s Cup on Sunday, beating Swiss holders Alinghi in the second race to claim the best-of-three series 2-0 in a
      Reuters; REUTERS  -  609 words
    • 212 23 AFP Mogadishu A COURT in Somalia handed out 15-year prison sentences to 11 pirates on Sunday, the presiding judge said. Prosecutors at the court in Berbera, in the breakaway northern state of Somaliland, brought a number of charges against the men, including piracy
      AFP  -  212 words
  • Page 23 Miscellaneous
    • 291 23 CRYPTIC CROSSWORD Across 9 ‘Home is the sailor’ (poem) (5) 10 Expense initially invested in NCO material (9) 11 Form of bread plant (7) 12 It’s covered in sauce that’ll bring you down to earth (7) 13 She worked in the civil service game (5) 14 Note need to carry
      291 words

  • Page 24 Advertisements
    • 411 24 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN RTM/ANR/TIL *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination SAN SIMEON NEW ORLEANS/CAMDEN *Loads E./W. Malaysia, Indonesia Destination BK BOSS
      411 words

  • Page 25 Advertisements
    • 1108 25 SINGAPORE PAPUA NEW GUINEA SOLOMON ISLANDS ETA SIN ETD SIN LAE POM HIR MDG KIM RAB LNV KVG ORO GUR TASMAN CAMPAIGNER 1006S 15 Feb 18 Feb 25 Feb PACIFIC VOYAGER 0024S 19 Feb 21 Feb 7 Mar 11 Mar TASMAN PROVIDER 1007S 24 Feb 27 Feb 6 Mar FESCO
      1,108 words
    • 827 25 WEEKLY EXPRESS SAILING SCHEDULE WESTBOUND TO: COLOMBO, COCHIN, NHAVA SHEVA, JEBEL ALI, DAMMAM ALSO ACCEPTING CONTAINERS TO ALL NORTHERN AND WESTERN INDIAN ICD POINTS VESSEL VOY SIN PKL (W PORT) CMB (JCT2) NSA (NSICT) KOTA PEKARANG YPG087 16 FEB 17 FEB 22 FEB 25 FEB STADT ROSTOCK 0005W 23 FEB
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  • Page 26 Advertisements
    • 1021 26 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) MUA SIN PKL KUC JKT SUR FABULOUS SW 9 60 15/02 17/02 20/02 22/02 OCEAN LOHAS 24 60 16/02 19/02 GOLD MENAM 100 40 122 19/02 22/02 CORAL HERO 101 50 80 27/02
      1,021 words
    • 43 26 mporters ooking for Warehouse Can they find your services here in the Shipping Times? Legal services required by shippers owners Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327. THE BUSINESS TIMES SHIPPING TIMES
      43 words

  • Page 27 Advertisements
    • 644 27 BINTANG MAS SHIPPING PTE LTD 39 Neil Road Singapore *****3 Tel: *****988 Fax: *****564 CR No.: **********0W Breakbulk Container Service to Sarawak, Sabah Brunei Vessel Voyage ETA SIN Muara Labuan Bintulu Miri Bintang Seria 1003E 15 Feb 19 Feb 21 Feb Bintang Belait 1004E 23 Feb 27 Feb 01 Mar
      644 words
    • 22 27 I urgently I Can they find your services here in the Shipping Times? F\ iHIiMI I llllI III iPLACE YOUR AD HEREi
      22 words

  • PERSPECTIVE
    • 841 28/29  -  Crucial questions have not been raised: what should the federal government do, why; and who should pay? Robert Samuelson The Washington Post Writers Group IN all the recent reports, speeches and news conferences concerning the US federal budget outlook including the administration’s posedbudgetfor2011–hardly anyone has posed
      The Washington Post Writers Group; STOCK.XCHNG  -  841 words
    • 826 28/29  -  There are some novel tools in Bernanke’s plan. But how effective will they be? By Leon Hadar By Leon Hadar US FEDERAL Reserve chairman Ben Bernanke is considered to be one of the world’smostpowerfulpublic figures. But not even he could overcome
      826 words

  • FOCUS
    • 865 30  -  Selected hawkers now come under one air-conditioned roof at the “Hutong” food court. By Sean Yoong By Sean Yoong AP Kuala Lumpur, Malaysia BEFORE you glimpse the roast duck on skewers, before you hear the clanging Chinese woks, the first hintthatyou’reapproachingamelting pot of generations-old family recipes
      AP  -  865 words

  • PROPERTY
    • 945 31 A case of how federal programmes are distorting the real estate market NYT Elkhart, Indiana OVER the next six months, the federal government plans to wind down many of its emergency programmes for housing. Then it will become clear if the market can function
      NYT; BLOOMBERG  -  945 words
    • 787 32 Many Iraqis are fiercely opposed to letting cultural concerns undermine their financial interests AFP Baghdad FAWZIYA al-Maliki, an elegant and determined 44-year old, is spearheading Iraq’s efforts to preserve what architectural treasures remain in the war-ravaged country, but her job is proving dangerous. With many
      AFP  -  787 words
  • Page 31 Advertisements
    • 68 31 Savills Singapore ie IX J* Freehold brand new 3-storey bungalow Land: 6576sqft. Built-up 8261 sqft 7 Bedrooms Maid's room "FALZONAL" aluminium wall cladding and roofing "GREENTINS" composite timber decking along Swimming Pool Wet Dry Kitchen Appliances provided 5m wide Auto gate with 5 cars parking space Walking distance to Cold
      68 words


  • Page 1 Advertisements
    • 105 1 The Oriental Issue THE BUSINESS TIMES, TUESDAY, FEBRUARY 16, Welcome to the Year of the Tiger. In our special holiday issue, we explore how Chinese aesthetics have influenced everything from fashion to food, lifestyle and culture. We look at how luxury labels are now turning to China for inspiration; peep
      105 words

  • FASHION
    • 1275 2 / 3  -  Fashion’s biggest names reveal a new fascination for all things Chinese. By Daniel Goh By Daniel Goh btnews@sph.com.sg CHINA–notsinceJa-pan captured the imagination and lust of international luxury labels has there been a country that comes close to matching or even overtaking its appetite for branded goods. Ever since
      PHOTOS: AFP, RICK OWENS AT CLUB 21 MEN, PRADA  -  1,275 words
  • Page 2 / 3 Advertisements

  • SHOPPING
    • Article, Illustration
      433 4 / 5  -  Give your wardrobe some teeth with these tiger-themed fashion items. Melissa Lwee discovers her inner feline with these choices. Melissa Lwee mellwee@sph.com.sg Vivienne Tam Zodiac T-shirt INSPIRED by the Chinese art of paper cutting, this Vivienne Tam T-shirtisagreatexampleofweara-ble art. $125 from Vivienne Tam at#01-13,Ion Orchardand Tyan, #02-11, Palais
      PHOTOS OF BALLY, ED HARDY AND POMELLATO BY ARTHUR LEE; THE BUSINESS TIMES TUESDAY, FEBRUARY 16, 2010  -  433 words

  • DINING
    • The taste of tradition
      • 787 6 / 7  -  93 Stamford Road (inside the National Museum of Singapore) ?6333-0073 The restaurant, which was closed from Feb 14 for Chinese New Year, reopens on Feb 18 ’Tis the season to savour ancient Chinese recipes, extra-long noodles and the quirkily named Steamed Stuffed Buns That Dogs Are Not
        787 words
      • 389 6 / 7 Amara Singapore 165 Tanjong Pagar Road 6879-2655/54 Silk Road of the Sea 60 Palawan Beach, Sentosa ?6377-4248 LONGEVITY is a big deal to the Chinese and nothing signifies it better than noodles, a traditional must-have at birthday celebrations. For the Chinese New Year pe- riod, Silk Road
        389 words
      • 310 6 / 7  -  41 Kreta Ayer Road ?6323-3206 By Jaime Ee jaime@sph.com.sg IN BEIJING, as with most regional Chinese cuisines, every meal has its own spe- cial nuances and significance. When you have guests, says Beijing Gong proprietor Derek Leong, you need to show them respect by having at least one
        310 words
      • Article, Illustration
        316 6 / 7  -  Holiday Inn Atrium, 317 Outram Road 6731-7173 By Audrey Phoon aphoon@sph.com.sg MOST Chinese delicacies have exotic names think Peacock Skips Through The Fruit Garden or Shimmering Carp From Heaven’s River but Xin Cuisine’s gou bu li bao ($6 for four) literally translates to Steamed Stuffed Bun That Dogs
        PHOTOS OF BEIJING GONG BY YEN MENG JIIN  -  316 words

  • HOME & GARDEN
    • 1253 8 / 9  -  Every nook, corner and wing of the Lees’ home has a story and a purpose. personal space By Amanda de Guzman amandadg@sph.com.sg UNLIKEmanysizablehomes, the Lee abode has every reason to be as large as it is. Every nook, corner and wing of the 22,000squarefeetproperty has a story
      PHOTOS: YEN MENG JIIN  -  1,253 words
    • 1155 10 / 11  -  Hotelier Gerhard Fink offers his western take on Chinese decor. By Corinne Kerk personal space By Corinne Kerk btnews@sph.com.sg IF YOU’VE ever wondered how Oriental elements can be added to a home in an au naturel way, take a look at how Gerhard Fink has done it. His
      ALL PHOTOS, EXCEPT THAT OF MR FINK, BY YEN MENG JIIN  -  1,155 words


  • TRAVEL
    • 978 12 / 13  -  Narelle McMurtrie’s Straits Collection is breathing new life into an old enclave of Penang.By Penang.By Cheah Ui-Hoon btnews@sph.com.sg THERE aren’t many streets in George Town, Penang with open drains being a common sight that make you stop in your tracks and take a good strong whiff.
      978 words

  • MUSIC
    • 791 14  -  Sa Dingding’s new album sees her reach a new balance of sophistication and accessibility. By Christopher Lim limchris@sph.com.sg Harmony Sa Dingding Universal B+ THE problem with the cookie-cutter festive music blaring mercilessly this season at every restaurant and shopping centre isn’t the fact that it’s Chinese
      791 words

  • MOVIES
    • 842 15  -  Fearless is great on Blu-ray, The Storm Warriors II is passable, but The Treasure Hunter is a flop. By Christopher Lim By Christopher Lim limchris@sph.com.sg THERE’S no shortage of action-packed Chinese movies on video to watch with family and friends during the Chinese New Year
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  • BOOKS
    • 752 16  -  Sarah Brennan, author of the Chinese Calendar Tales series for children, recalls how a clairvoyant connected her to her guardian angel an old Chinese man who looks like a Confucian scholar. By Clarissa Tan scholar.By Clarissa Tan SARAH Brennan is the author of a series
      752 words