The Business Times, 22 April 2011

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Microfilm: NL31314
Total Pages: 51
1 24 The Business Times
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  • TOP STORIES
    • Article
      Lock icon Focus on inflation against backdrop of GE
      1196 2  -  Consumer Price Index is high as inflation sweeps Asia but some say ground sentiment is influenced more by anecdotal experience By Teh Shi Ning tshining@sph.com.sg Singapore AS Singaporeans head for the polls in just over two weeks, consumer price inflation stands at a
      1,196 words
    • Article
      Lock icon MARKETS
      139 2 G STI 3,194.73 (+28.93) G STI FUTURES 3,183 (+30) G SIMSCI 378.14 (+3.25) G SIMSCI FUTURES 376.30 (+3.50) STOCKS Friday Change KL COMP 1,526.33 -4.69 NIKKEI 225 9,685.77 +78.95 HANG SENG 24,138.31 +242.21 SET 1,109.92 +2.56 JAKARTA 3,801.08 +6.32 MANILA Closed KOSPI 2,198.54 +28.63 SHENZHEN B 839.44 +5.40 MUMBAI
      139 words
    • Article
      Lock icon IM Flash Technologies opens US$3 billion S’pore plant
      512 3  -  PM officiates at opening of facility, which will hire 1,500 workers by next year from 1,200 now By Victoria Ho vhoip@sph.com.sg Singapore THANKS to the popularity of mobile devices, IM Flash Technologies (IMFT) has reopened its Singapore plant. By next year, the
      512 words
    • Article, Illustration
      Lock icon Upbeat investors give Wall Street a high
      730 4  -  Stocks hit a multi-year peak on Wednesday as corporate earnings and signs from the housing market give bulls courage By Stephen Raphael btworld@sph.com.sg New York US STOCKS surged to a three-year high on Wednesday, riding on a flurry of benign factors. Putting the
      AFP  -  730 words
    • Article, Illustration
      Lock icon LVS shareholder sues Adelson, 7 directors
      592 5  -  In a derivative action, it blames them for a series of probes into the company following allegations in a wrongful termination suit By Grace Leong gleong@sph.com.sg Singapore A GROWING number of government probes into Las Vegas Sands’ gaming operations in Asia, including the most
      BT FILE PHOTO  -  592 words
    • Article, Illustration
      Lock icon Rudd rules out intervention as A$ hits new high
      534 5 Countries pay a price if they manipulate currencies: minister Bloomberg AFP Sydney AUSTRALIA won’t “manipulate” its currency, which has reached a record, and countries that do will “pay a price,” Foreign Minister Kevin Rudd said in an interview. His comments came
      Bloomberg; AFP  -  534 words
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      Lock icon Page 2 Advertisements Column 1
      42 2 CONTENTS EXECUTIVE LIFESTYLE Cover story EL2-3 Cinema EL4-5 Music EL6 NEWS Top Stories 2-5 Companies 6-10 Singapore 11-13 World 14-18 Aviation 19 Shipping stats 20-24 Shipping 24-25 Stocks Stats 26-30 Perspective 31-32 LuxuryLiving EL7-17 Arts EL18-21 Epicure EL22 Wine EL23 Pursuits EL23-24
      42 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon China Gaoxian appoints special auditors as key execs step down
      504 6  -  Interim CEO, new CFO named; PwC to work with statutory auditors E&Y By Lynette Khoo lynkhoo@sph.com.sg CHINA Gaoxian has launched a special audit as its financial status remains murky, while several senior management executives are stepping down with immediate effect.
      FILE PHOTO  -  504 words
    • Article
      Lock icon Hyflux preference shares: a good idea?
      645 6  -  HOCK LOCK SIEW By Teh Hooi Ling ~hooiling@sph.com.sg ON THE back of strong institutional demand, it was reported, Hyflux appeared very likely to double the amount it planned to raise from its cumulative preference shares from $200 million to $400 million. The preference shares
      645 words
    • Article
      Lock icon MapletreeLog distributable income up 21.7%
      394 8  -  Properties acquired in Singapore, Japan, Korea and Vietnam last year boost revenue by 21.1% By Nisha Ramchandani nishar@sph.com.sg MAPLETREE Logistics Trust (MapletreeLog) posted a 21.7 per cent year-on-year rise in total amount distributable to $37.54 million for the first quarter ended March 31,2011, up from
      394 words
    • Article, Illustration
      Lock icon Frasers Centrepoint Trust results improve for Q2, H1
      355 8  -  By Emilyn Yap emilyny@sph.com.sg FRASERS Centrepoint Trust (FCT) yesterday reported better results for both the second quarter and half year ended Mar 31. Gross revenue in Q2 rose 2 per cent from the previous year to $28.8 million, with the increase coming
      FILE PHOTO  -  355 words
    • Article, Illustration
      Lock icon CMA’s Q1 net profit falls 24%
      527 9  -  By Joyce Hooi joyceh@sph.com.sg CAPITAMALLS Asia (CMA) posted a 24.2 per cent drop in net profit for the first quarter of 2011, from a restated $64.8 million to $49.1 million. Revenue for the same period alsotumbled 32.8percent–from a restated $74.6 million to $50.2 million
      527 words
    • Article
      Lock icon DBS banks on factoring services in Asia
      561 9  -  Group expanding business as the region’s exports worldwide grow By Conrad Tan conradt@sph.com.sg DBS Group is expanding its export factoring business to cater to greater demand for such services as Asia’s exports to the rest of the world continue to grow. During the
      561 words
    • Article
      Lock icon Higher sales, prices give GMG a 146% jump in Q1 profit
      414 9  -  By Felda Chay feldac@sph.com.sg THE dual forces of higher sales volumes and average selling prices helped rubber producer GMG Global to turn in a 145.6 per cent year-on-year jump in first quarter net profit to $15.5 million. This brings
      414 words
    • Article, Illustration
      Lock icon Anticipating Wall St, ST Index is back to where it started 2011
      587 10  -  stocks| R Sivanithy sivan@sph.com.sg Senior correspondent IN MANY respects the week just past bears plenty of resemblance to the hundreds that have preceded it over the past few years, where the Straits Times Index (STI) typically moved before
      587 words
    • Business briefing
      • Article
        Lock icon Olam makes offer for rest of NZ Farming
        82 10 OLAM International is looking to acquire all the shares of NZ Farming Systems Uruguay (NZFSU) that it does not already own, and is offering shareholders NZ$0.70 a share the same price it offered when it launched a takeover bid for the dairy
        82 words
      • Article
        Lock icon Suntec Reit’s Q1 DPU falls 5%
        86 10 SUNTEC Real Estate Investment Trust (Suntec Reit) reported that its distribution per unit (DPU) for the first quarter ended March 31, 2011, fell 5 per cent from a year ago to 2.388 Singapore cents. Suntec Reit said this translates to an annualised distribution yield
        86 words
      • Article
        Lock icon Courage Marine scraps dual listing plans
        52 10 COURAGE Marine has scrapped plans for an initial public offering in Hong Kong as part of a dual listing. Instead, it will carry out an introductory listing on the HK Stock Exchange, in which no new shares will be issued and no capital will
        52 words
    • Article
      Lock icon TOP GAINERS
      62 10 BY CENTS CLOSE UP Lyxor AsiaCS 10US$ *****728.1 98.7 DBXT AUDMM 5US$ *****1981.4 8.3 DBXT SPASX200 10US$ 3824 227.2 5.1 DBXT AUDMM 5AU$ ***** 147.4 0.6 DBXT MSEurope 10US$ 5048 139.5 2.3 DBXT Nifty 10US$ ***** 130.9 0.8 JMH 4792 93.8 1.6 Lyxor MS India 10US$ 1744 80.2
      62 words
    • Article
      Lock icon TOP LOSERS
      61 10 BY CENTS CLOSEDOWN DBXT S&P Short 10US$ 4197 -54.3 -1.0 OCBC Bk 4.5%NCPS 100 ***** -16.0 -0.2 STI 3250 DBePW*****3 13.5 -13.5 -50.0 OUE 317 -9.0 -2.8 OSIM MBLeCW*****1 20 -8.0 -28.6 STXPO 100 1040 -8.0 -0.8 SIA Engg 411 -6.0 -1.4 CombWill 100 295 -5.0 -1.7 DBXT
      61 words
    • Article
      Lock icon STATS ChipPAC Q1 profit dives 77% to US$6.3 million
      369 10  -  By Winston Chai winstonc@sph.com.sg A COMBINATION of weak seasonal demand and soaring expenses caused STATS ChipPAC’s first-quarter net profit to plummet 77.1 per cent to US$6.3 million, from US$27.5 million last year. For the three months ended March 31, the Singapore-based
      369 words
    • Article
      Lock icon TOP 20 ACTIVES
      113 10 VOL CLOSE GentingSP 179,801 221 3.0 1.4 GoldenAgri 139,346 68 -1.5 -2.2 HPHTrust US$ 42,655 94 -0.6 -0.5 NobleGrp 42,031 227 3.0 1.3 Dyna-Mac 30,623 68.5 -0.5 -0.7 SingTel 29,093 312 3.0 1.0 Gallant 25,246 47 -0.5 -1.1 Tuan Sing 24,263 40.5 -1.5 -3.6 CoscoCorp 22,927 235
      113 words
    • Article
      Lock icon STI STOCKS
      108 10 Stock name Close Change CapMallsAsia 1.840 +0.020 CapitaLand 3.450 +0.040 CapitaMall 1.880 +0.020 CityDev 11.860 +0.260 ComfortDelGro 1.550 +0.010 DBS Grp 14.940 +0.200 F&N 6.270 -0.010 GLP 1.960 -0.010 Genting SP 2.210 +0.030 Golden Agri 0.680 -0.015 HK Land 7.170 +0.070 JMH 47.920 +0.760 JSH 28.340 +0.180 Jardine
      108 words
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      Lock icon Page 7 Advertisements Column 1
      1496 7 (<&■ HONG LEONG FINANCE LIMITED and its subsidiaries (incorporated in the Republic of Singapore) Company Registration Number*****0003D FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2010 IMPORTANT The following financial information contains only a summary of the information in the financial statements of the Finance Company and the consolidated
      1,496 words
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  • Page 8 Advertisements
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      Lock icon Page 8 Advertisements Column 1
      42 8 Tuck into THEGREAT outoockCHARITY CEO Feast on dum briyani cooked by Mr Mohamed Ismail, CEO and co-founder P&N Holdings Feel good because all proceeds go to charity When:Tonight (7-9pm) Where: Food Republic Beer Garden at St James Power Station the new paper
      42 words
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  • SINGAPORE NEWS
    • Article
      Lock icon LKH consortium tops Paya Lebar land bids
      544 11  -  It bids $585.6m or $872 psf ppr for 99-year leasehold commercial plot, pipping nine other offers By Uma Shankari shankari@sph.com.sg A CONSORTIUM led by Low Keng Huat (Singapore) beat nine other offers including those from heavyweights such as CapitaLand, Far East Organization and
      544 words
    • Article, Illustration
      Lock icon Private bankers still find Indonesia most exciting
      555 11  -  By Siow Li Sen lisen@sph.com.sg INDONESIA which has always been the jewel in the crown for private banks chasing business from the rich in the region continues to be the fastest growing market for the industry, a veteran private banker said yesterday. “Indonesia
      555 words
    • Article
      Lock icon Singapore hosts JP Morgan Championship
      212 11 THIS year’s5.6km JP Morgan CorporateChallengehad a distinct buzz to it, with Singapore the first Asian country to host 152 runners from the Corporate Challenge Championship. “I think it’s fantastic that we’re doing it in Singapore. It puts Singapore on the map so to speak. From
      212 words
    • Article, Illustration
      Lock icon WP presents 2nd batch of 4 candidates
      526 12  -  They are WP organising secretary and firm managing partner; a firm director; a polytechnic lecturer; and a researcher general election 2011| By Teh Shi Ning tshining@sph.com.sg THE Workers’ Party (WP) yesterday rolled out its second batch of four candidates, all of whom said
      LAU FOOK KONG/THE STRAITS TIMES  -  526 words
    • Article
      Lock icon WP’s Low rebuts Mah’s criticisms
      456 12  -  By Teh Shi Ning tshining@sph.com.sg WORKERS’ Party chief Low Thia Kiang yesterday shot back at National Development Minister Mah Bow Tan’s criticisms of the party’s proposal to lower prices of new HDB flats. Rebutting each of the three reasons Mr Mah gave for why WP’s
      456 words
    • Article
      Lock icon 12 hours for candidates to declare new media tools
      240 12 WITHIN 12 hours of the close of nominations next Wednesday, election candidates will have to declare the new media tools and platforms they are using during campaigning including all the new media they have been using over the past weeks and
      240 words
    • Article, Illustration
      Lock icon NSP calls for GST cut, NS reduction
      754 13  -  Its manifesto also seeks ‘cost-plus’ HDB flats for first-time buyers, new formula for ministerial salaries general election 2011| By Lee U-Wen leeuwen@sph.com.sg THE National Solidarity Party (NSP) has unveiled a broad election manifesto, calling for, among various things, a reduction in the Goods
      SAMUEL HE/THE STRAITS TIMES  -  754 words
    • Article, Illustration
      Lock icon SDP fields 6, eyes Sembawang, Holland-Bt Timah GRCs
      448 13  -  By Uma Shankari shankari@sph.com.sg THE Singapore Democratic Party (SDP) unveiled six of its 11 candidates for the coming elections yesterday. The party also said that it was gunning for the Hol-land-Bukit Timah and Sembawang group representation constituencies (GRCs), as well as the
      WANG HUI FEN/THE STRAITS TIMES  -  448 words
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      Lock icon Page 11 Advertisements Column 1
      116 11 w WAR NOTICES Public Auction On Behalf Of Singapore Customs DTZ DEBENHAM TIE LEUNG (SEA) PTE LTD Will sell by public auction 2596 bottles of wine and other intoxicating liquors AUCTION VENUE: Connection I, Amara Hotel (Level 3) 165 Tanjong Pagar Rd, Singapore *****9 DATE TIME 27 April 2011, Wednesday,
      116 words
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  • WORLD
    • Article
      Lock icon Sai Baba’s health deteriorating fast
      193 14 AFP Hyderabad, India DOCTORS treating Indian spiritual leader Sai Baba, one of the country’s most famous gurus, said yesterday that his health was deteriorating fast as devotees gathered to pray for his recovery. Policein Sai Baba’s hometown of Puttaparthi in Andhra Pradesh, southeast India, erected
      AFP  -  193 words
    • Article, Illustration
      Lock icon Biggest China listing on Bursa in the works
      533 14  -  Securities Commission has given a RM1.1b application the nod By Pauline Ng btworld@sph.com.sg Kuala Lumpur BURSA Malaysia is on track to land its first China-based billion-ringgit IPO, with a market capitalisation that is more than double that of previous offerings. The Securities
      BLOOMBERG  -  533 words
    • Article
      Lock icon Indian builders face distress on debt
      326 14 Bloomberg Mumbai INDIA’S real estateindustry isexpected to face “large-scale distress” amid rising borrowing costs and shrinking access to credit that may force developers into fire sales for assets, according to Knight Frank LLP. Indian developers will have to repay 1.8 trillion rupees (S$50 billion)
      Bloomberg  -  326 words
    • Article, Illustration
      Lock icon Apple again beats analysts as Q2 profit doubles
      574 15 It reports earnings of US$5.99b driven by robust sales of iPhone and iPad NYT Bloomberg San Francisco APPLE’swinning streak extended through another quarter as a new partnership with Verizon for the iPhone along with updated products like the iPad and MacBook –sentconsumerson
      NYT; Bloomberg; BLOOMBERG  -  574 words
    • Article
      Lock icon AT&T first-quarter profit surges 39%
      467 15 It activates 3.6m iPhone accounts despite losing exclusive US rights NYT New York AT&T, the nation’s largest telecommunications company, reported a 39 per cent increase in its first-quarter profit on Wednesday, despite losing the exclusive rights to sell the iPhone in the United States midway
      NYT  -  467 words
    • Article
      Lock icon Opec needs to raise output around June: IEA
      567 16 Prices of US$100 or more threaten to slow global economic growth; if oil stays at current levels, consequences will be bad, it warns Reuters Shanghai HIGH oil prices have hurt demand in top consumers China and the United States, and Opec needs
      Reuters  -  567 words
    • Article, Illustration
      Lock icon Oil giant Sinopec inks huge Australia gas deal
      552 16 China aims to boost gas consumption to 10% of total energy use by 2020 Reuters Perth OIL giant Sinopec yesterday signed China’s second-largest gas purchase agreement, worth around US$85 billion over 20 years by one estimate, in a deal that also gives
      Reuters  -  552 words
    • Article, Illustration
      Lock icon OECD urges Japan to raise tax, cut spending for fiscal stability
      676 17  -  Combine reconstruction spending with efforts to improve fiscal situation which has become important risk, says grouping By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN’S fiscal situation has reached a “critical point” and in the wake of the country’s triple disasters, the
      REUTERS  -  676 words
    • Article
      Lock icon UK banks face £4.5b in costs over insurance rules
      408 17 BBA loses court review of FSA guidelines on how banks handle payment-protection insurance Bloomberg London UK banks including Barclays plc and HSBC Holdings plc may face costs of as much as £4.5 billion (S$9.2 billion) after losing a bid to stop
      Bloomberg  -  408 words
    • Article
      Lock icon New Swiss banking rules spell big changes for private banks
      357 17 NYT New York THE SWISS have proposed new banking rules in an attempt to improve relations with their neighbours by making it harder for other Europeans to hide money from the tax collector back home. While the proposal should preserve
      NYT  -  357 words
    • Article
      Lock icon Greek, Portuguese yields hit new records
      806 18 Concerns mount over rising pressure for eurozone countries to restructure debt Bloomberg Reuters London GREEK and Portuguese yields climbed to records and the cost to insure the nations’ bonds against default jumped to all-time highs amid mounting concern countries in the region will have
      Bloomberg; Reuters  -  806 words
    • Briefing
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      Lock icon Page 14 Advertisements Column 1
      32 14 YOU MUST-HAVE ESOU CE BOOK! BRAND NEW ANNUAL MAGAZINE OUT NOW! 3/22/11 10:33:50 AM SPACE PLANNING DECOR TRENDS LIGHTING MATERIALS HOMES BATHROOMS KITCHENS WARDROBES GADGETS Available at all major bookstores and www.homeanddecor.com.sg
      32 words
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      390 15 [•EATS NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP.50) AND IN THE MATTER OF PARAKOU SHIPPING PTE LTD (In Liquidation) (Co. Reg. No. *****7273GC) Notice is hereby given that at an Extraordinary General Meeting of the abovenamed Company duly convened and held at 331 North Bridge Road, #04-04/05 Odeon
      390 words
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  • AVIATION
    • Article, Illustration
      Lock icon FAA sets new air traffic rules, sacks 2 controllers
      670 19 Moves come as agency struggles to reassure the public that air travel is safe AP Washington THE Federal Aviation Administration took new steps on Wednesday to fix problems in the nation’s air traffic control system, firing two controllers for sleeping on
      AP; AFP  -  670 words
    • Article
      Lock icon Deep-sea robots to retrieve Air France black boxes
      714 19 Bloomberg Paris INVESTIGATORS seeking to explain why Air France flight 447 plunged into the night ocean two years ago will rely on gear pioneered by telecommunications and oil companies as well as a Hollywood director to unlock the mystery. The wreckage of
      Bloomberg  -  714 words
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  • SHIPPING
    • Article
      Lock icon SHIPPING TIMES
      5259 20 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination SIAM JADE Muscat/Sharjah/Doha/Bahrain/Dammam
      5,259 words
    • Article, Illustration
      Lock icon Truck drivers on strike at Shanghai ports
      421 24 Drivers say their incomes have been squeezed by four increases in the govt-set price of diesel since Oct AFP Shanghai HUNDREDS of truck drivers staged a strike this week in major container ports in Shanghai, seeking higher freight rates to offset their rising
      AFP; REUTERS  -  421 words
    • Article
      Lock icon Four extra shipments from closing Kenai plant
      236 25 Reuters Anchorage, Alaska CONOCO PHILLIPS and partner Marathon Oil Corp have committed to four additional shipments from their liquefied natural gas (LNG) export plant in Kenai, Alaska, granting a brief reprieve to the soon-to-be-closed facility, officials said on Wednesday. The extra shipments follow
      Reuters  -  236 words
    • Article, Illustration
      Lock icon Somali pirates suspected to have hijacked S Korean container ship
      429 25 Smoke seen going up from ship; contact with crew lost, no pirates seen on deck AFP Seoul A SOUTH Korean container ship has been attacked by pirates in the Indian Ocean and is believed to have been hijacked, Seoul officials
      AFP; AP  -  429 words
    • Article
      Lock icon More Russian tankers to ply Arctic route despite cost
      446 25 Journey trims 4,000 nautical miles from trip via Suez Canal Reuters Moscow RUSSIA’S Sovcomflot will ship 3-4 cargoes of stable gas condensate from north-west Russia to Asia via the Arctic sea this year on behalf of Novatek, a senior Sovcomflot official
      Reuters  -  446 words
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  • Page 23 Advertisements
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      Lock icon Page 23 Advertisements Column 1
      31 23 Experienced sh/p maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 inLUUJIHLJJ I 11V11 > SHIPPING TIMES
      31 words
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  • SGX
    • Article
      Lock icon SGX CATALIST
      10325 29 Transaction date: Apr 21 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 8Telecom 17.5cd unch 182 17.5 17.5 17 18 7.8 3.5 3.7 83.8 12 4.5 A-Sonic 7cd 7 7.5 1.9
      10,325 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 29 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 4 0 0 0 5 7 4 Manufacturing 52 59 74 4 4 10 56 63 84 Commerce 20 12 29 3 2 8 23 14 37 Tpt/Stor/Comms 22 9 13
      186 words
    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      815 29 For week beginning Apr 18 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Creative Master 20-Apr-11 PPS Capital PL Sell 2000 na ***** 5.87 ***** 5.08 Jackspeed 19-Apr-11 Cheng Kwee
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 29 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 66,063 66,063 148,735 148,735 Manufacturing 275,667 11,161 286,828 251,021 928 251,949 Commerce 98,415 7,552 105,967 176,306 2,100 178,407 Tpt/Stor/Comms 174,810 9,323 184,133 311,717 1,476 313,193 Finance 30,001 10 30,011 332,549 1 332,550 Construction 45,711 3,675
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  • MARKETS
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      118 30 Apr 21 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.37 1.293 Can dollar 1.326 1.275 Euro 1.832 1.762 Sterling pound 2.068 1.989 NZ dollar 1.016 0.968 US dollar 1.256 1.208 Local dollars to 100 units of foreign currency: Currencies Sell
      118 words
    • Article, Illustration
      Lock icon STOCK MARKETS
      93 30 YTD change: +0.15% 52-week high: 3,313.61 on Nov 9,2010 52-week low: 2,648.15 on May 25,2010 Source: Bloomberg YTD change: +4.79% 52-week high: 24,988.50 on Nov 8,2010 52-week low: 18,971.50 on May 27,2010 Source: Bloomberg Source: Bloomberg YTD change: +7.57% 52-week high: 12,475.50 on April 20,2011 52-week low: 9,614.32
      Source: Bloomberg  -  93 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INT`L INDICES
      374 30 In local curr In S$ In US$ dy yr dy yr dy yr Apr 20 Index Change Change Change Change Change Change World Index Preliminary 926.8 1.6 3.2 1.5 2.1 2.0 5.5 ‡EAFE Preliminary 803.8 1.8 0.4 2.1 1.3 2.6 4.8 Europe Preliminary 1198.5 2.1
      374 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 30 Apr 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3278 1.3288 1.0756 1.0761 Canadian dollar 1.3024 1.3029 1.0550 1.0552 Euro 1.8058 1.8069 1.4628 1.4633 NZ dollar 0.9892 0.9897 0.8013 0.8015 Sterling pound 2.0377 2.0383 1.6506 1.6507
      154 words
    • Article
      Lock icon LIFFE
      82 30 Apr 20 COCOA (£/tonne) Close Prev High/Low May 11 1912 1924 1936/1910 Jul 11 1922 1929 1942/1918 Sep 11 1937 1945 1956/1935 Dec 11 1957 1961 1972/1955 COFFEE (US$/tonne) Close Pev High/Low May 11 2454 2428 2460/2426 Jul 11 2482 2452 2499/2464 Sep 11 2501 2469 2514/2474 Nov 11
      82 words
    • Article
      Lock icon CHICAGO BOT
      93 30 Apr 20 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 11 1357.*****2.*****3.*****0.75 Jul 11 1369.*****4.*****5.*****2.25 Aug 11 1371.*****7.*****7.*****5.50 Sep 11 1368.*****5.*****4.*****6.00 SOYBEAN/OIL (60,000 lbs; USc/lb) Close Previous High/Low May 11 58.14 57.53 58.80 57.50 Jul 11 58.79 58.16 59.44 58.13 Aug 11 59.06 58.40 59.69
      93 words
    • Article
      Lock icon PALM OIL
      67 30 Apr 21 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 11 3371 3360 3375 3352 486 8229 Jun 11 3331 3335 3350 3322 2449 ***** Jul 11 3310 3312 3332 3300 ***** ***** Aug 11 3303 3310
      67 words
    • Article
      Lock icon OIL
      75 30 Apr 20 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 123.64 2.72 WTI (Near Mth) 110.77 3.00 Dubai (1-Mth F) 115.93 2.47 Tapis blend 130.21 2.66 Minas 126.61 2.66 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 115.67 2.45 Jet Kerosene 137.70 1.20 US$/barrel Opec Oil Basket Price
      75 words
    • Article
      Lock icon LONDON METALS
      71 30 Apr 20 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2718.00 2695.75 3 months 2730.00 2714.00 Copper, Grade A (US$/tonne) Cash 9555.25 9317.75 3 months 9580.00 9340.00 Lead (US$/tonne) Cash 2646.00 2602.00 3 months 2612.00 2557.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon METALS
      68 30 Apr 21 GOLD (US$/oz) Apr 20 Apr 21 Hong Kong 1502.*****8.00 Apr 19 Apr 20 London 1491.*****3.61 1492.*****4.38 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 56.70 56.41 i-oorre LCW PLATINUM Lon (US$/oz) Apr 20 Close Previous PM Fix 1804.*****0.00 AM Fix 1788.*****2.00 Source: Thomson Reuters PLATINUM NYMEX
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon The politics of wishful thinking
      873 31  -  In the Great Budget Debate between the Republicans and Democrats, one essential element is missing: seriousness Robert Samuelson The Wash ington Post Writers Group IN THE Great Budget Debate, Democrats and Republicans are closer than you might think. Neither is proposing a balanced budget anytime
      The Washington Post Writers Group; AP  -  873 words
    • Article, Illustration
      Lock icon A human problem
      812 32  -  Forced mass migration is fast becoming a non-military instrument of influence. By Kelly Greenhill The writer is assistant professor at Tufts University and research fellow at the Belfer Center of Harvard’s Kennedy School of Government. She is the author of Weapons of Mass Migration: Forced Displacement, Coercion,
      IHT; AFP  -  812 words
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      76 1 CINEMA Arthur remake is riotous EL4 MUSIC Young mentors of classical music EL6 EPICURE Creme de la creme of chefs EL22 ROYAL WEDDING Britain rakes in the moolah EL24 ARTS Lost for words with Van Gogh EL18 STAGE 881 musical hits high notes EL20 PHOTO MONTAGE: MOHAMAD KHAIRIE THE LEGACY
      76 words
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  • BT Executive Lifestyle
    • COVER STORY
      • Article, Illustration
        Lock icon Keeping the art alive
        2199 2 / 3  -  How does one manage a deceased artist’s body of work and his artistic legacies, asks Cheah Ui-Hoon Cheah Ui-Hoon uihoon@sph.com.sg BOTHmiddle-agedmen were active in art onepreparing for his private museum and art retreat, the other for an exhibition in the Shanghai Biennale when they suffered heart
        2,199 words
    • CINEMA
      • Article, Illustration
        Lock icon Toned-down drunk still fun
        607 4 / 5  -  For about two-thirds of the remake Arthur, the laughs come hard and fast, says Dylan Tan Dylan Tan dylantan@sph.com.sg IT couldn’t have taken much for eccentric British comedian Russell Brand to reprise the titular role of a perpetually drunk playboy that the late Dudley Moore made
        PHOTOS: WARNER BROS  -  607 words
      • Article, Illustration
        Lock icon It’s so bad, it’s good
        606 4 / 5  -  By Dylan Tan dylantan@sph.com.sg IT IS not unusual for Oscar winners to make bad movies: Adrien Brody in Predators; Jeremy Irons in Dungeons and Dragons; Ben Kingsley in BloodRayne, The Love Guru and Prince of Persia: The Sands of Time. But nobody comes close to
        606 words
      • Article, Illustration
        Lock icon You don’t only live twice
        634 4 / 5  -  Logic takes a back seat as US Army pilot goes on a risky mission to a parallel reality, reviews Geoffrey Eu reviewsGeoffrey reviewsGeoffrey Eu WHAT happens when the face staring back at you in the mirror isn’t yours? Why are the last eight minutes of
        634 words
      • Article, Illustration
        Lock icon Demystifying Man of Steel
        449 4 / 5  -  dvd review By Christopher Lim limchris@sph.com.sg HOW many times can you kill Superman? Plenty of times, apparently. Ever since publisher DC first killed then resurrected the Man of Steel in 1992, there have been several similar attempts, not the least of which was 2007’s animated movie
        449 words
    • music
      • Article, Illustration
        Lock icon Nurturing next musical generation
        601 6  -  Lara St John and Adam Gyorgy pass on their classical music-making skills, reports Christopher Lim re ports Christopher Lim MANY international classical musicians perform here, but concerts alone don’t help to grow the pool of young artists here even though they provide valuable exposure. Masterclasses and
        601 words
      • Article, Illustration
        Lock icon Famed oeuvres
        337 6  -  cd reviews By Christopher Lim limchris@sph.com.sg NEW recordings of well-known classical pieces often shed more light on the performers than the pieces themselves. Violinist Lara St John and her brother, violinist and violist Scott, teamed up with orchestral ensemble The Knights to record a Mozart album that won
        337 words
    • Luxe Lie
      • Article, Illustration
        Lock icon Relax to all the bells and whistles
        833 8  -  Stretch out after a draining day at the office with a slew of pampering sofas and beds, advises Corinne Kerk Corinne Kerk ADVANCED pocketed springs, memory foam, waterbeds, ergonomic recliners and other technological breakthroughs. When it comes to what we lie on and
        833 words
      • Article, Illustration
        Lock icon Hush
        509 10  -  Harsh, in-your-face lighting is out. Ambient illumination is the way to go, reports Corinne Kerk reports Corinne Kerk Relaxed living starts at home, in the bedroom, where we recover from the day’s activities and refuel for the next. Creating a suitably relaxing ambience is easy once you know the
        509 words
      • Article, Illustration
        Lock icon Heady mixes
        328 12  -  The world’s top bartenders share their secrets with Corinne Kerk Corinne Kerk You’vegot theright furniture, music and mood now all you need is a silky smooth, luxury cocktail and you’re ready to chill. The best part is, you don’t need to go to a bar to get your
        328 words
      • Article, Illustration
        Lock icon Hands-on healing
        730 14  -  Muscles respond to massage and the brain switches off when aromatics are unleashed, writes Corinne Kerk writes Corinne Kerk Whenyou’re a bundle of nerves and knot-ted-up muscles, don’t just crash into bed. Do something for your body to help it relax and make the most of your shut-eye
        730 words
      • Article, Illustration
        Lock icon Chill-out hot spots
        849 16 / 17  -  So, you want to get away from it all, totally chill. But where should you go? Corinne Kerk speaks to specialists in the travel industry Corinne Kerk Alicia Seah, senior vice president (marketing and public relations), CTC Travel “Foratruly chill-outand exotic experience,thereisBhutan. It’s really back-to-nature. Theair is
        849 words
    • ARTS
      • Article, Illustration
        Lock icon Lost for words
        668 18 / 19  -  A ‘screening’ of Van Gogh’s works leaves one in a speechless high-tech daze, writes Clarissa Tan writes Clarissa Tan btnews@sph.com.sg V AN Gogh Alive, the new exhibition at the ArtScience Museum, is a show that has you entranced the entire time you are experiencing it, yet leaves
        668 words
      • Article, Illustration
        Lock icon Something wicked this way comes
        602 18 / 19  -  Macbeth, this year’s Shakespeare in the Park offering, will be like a Hollywood thriller and capitalise on Fort Canning’s macabre setting of gravestones, director Nikolai Foster tells Clarissa Tan Clarissa Tan btnews@sph.com.sg THERE’S quite a lot of toil and trouble going on in Fort Canning
        BRENDON MILK PHOTOGRAPHIE  -  602 words
      • Article, Illustration
        Lock icon Paying for art’s Park ride
        405 18 / 19  -  By Clarissa Tan btnews@sph.com.sg TRAGEDIES, especially full-blown Shakespearean ones held outdoors, can cost a lot. About a million dollars, in fact, says artistic director Gaurav Kripalani (right) of the Singapore Repertory Theatre (SRT), which is staging its third Shakespeare in the Park in recent years.
        405 words
      • Article, Illustration
        Lock icon A musical of our own
        618 20 / 21  -  881 is somewhat overshadowed by song and dance, writes Dylan Tan writesDylan Dylan Tan dylantan@sph.com.sg ADAPTING Royston Tan’sgetaimovie881 is not as easy as one would imagine it to be despite the song-and-dance extravaganza looking like it was made to be staged. But things are easier
        618 words
      • Article, Illustration
        Lock icon Mumbai gridlock
        504 20 / 21  -  By Natalie Koh btnews@sph.com.sg STILL holding true to their main aim of being entertaining, HuM Theatre is announcing their new production, Prisoner of Mumbai Mansion, a year after the run of their debut show, Rafta Rafta. This time though, the theatre company is taking on deeper themes about
        504 words
      • Article, Illustration
        Lock icon Hands of history
        658 20 / 21  -  Chong Tze Chien’s puppet theatre shows both a sense of artistic delicacy and a sweeping feel of history, writes Clarissa Tan writes Clarissa Tan IF YOU want to trace the strange, often cruel history of China in the past century, you may find no ground more fertile
        TUCKYS PHOTOGRAPHY  -  658 words
      • AROUNDTOWN
        • Article, Illustration
          Lock icon An Easter exhibition
          133 20 / 21 For the season, DaTang Fine Arts Singapore will be presenting works that fit the theme of faith, hope and love for its Easter Day Art Exhibition (right). There will be about 60 works from artists Lim Tze Peng, Guo Chang Xin, Low Tho Seng, Chen Jian Wei,
          133 words
        • Article
          Lock icon Japanese contemporary art
          199 20 / 21 The Institute of Contemporary Arts puts up Japanese artist Chihiro Kabata’s works in an exhibition entitled Chihiro Kabata: fear/flight/fleeting. It’s the first significant survey of a major Japanese contemporary artist, whose drawings and sculptures accumulate delicate ink lines into powerful visions. Kabata’s medium of choice ballpoint pen
          199 words
        • Article
          Lock icon Malaysian films at Southeast Asian Film fest
          255 20 / 21  -  Compiled by CHEAH UI-HOON Two films by Malaysian film-maker Woo Ming Jin is showing today and tomorrow at the first Southeast Asian Film Festival held at the Singapore Art Museum. Woman on Fire Looks for Water (2009, 99 minutes, PG) shows tonight at
          255 words
    • EPICURE
      • Article, Illustration
        Lock icon Feting most-favoured eateries
        929 22  -  Celebrity chefs of the San Pellegrino list of restaurants converge on London Guildhall, reports Geoffrey Eu reports Geoffrey Eu btnews@sph.com.sg CHEFS don’t need much encouragement to have fun when they’re out of the kitchen, and there was plenty of hard partying going on in London earlier this
        PHOTOS: GEOFFREY EU  -  929 words
    • PURSUITS
      • Article
        Lock icon Mouton ne change
        1074 23  -  A recent vertical tasting reminds N K Yongof Baron Philippe’s motto N K Yong btnews@sph.com.sg A RECENT vertical tasting (per kindness of Philippe Capdouze of FICOFI) reminded me of Baron Philippe de Rothschild’s motto “Premier je suis. Second je fine. Mouton ne change.” (First I am. Second
        1,074 words
      • Article, Illustration
        Lock icon When Lego stars meet Star Wars
        507 23  -  By Christopher Lim limchris@sph.com.sg LEGOchildren’sbuildingblocksandGeorgeLucas’ Star Wars series might not seem like instant bedfellows, but the science fiction franchise is just one of many that LEGO has adapted into games that feature its iconic blocky aesthetic. The results are an uneasy balance between coolness,
        507 words
      • Article, Illustration
        Lock icon Royal boost for British tourism
        793 24  -  Amid global gloom, visitors from around the world are shoring up Britain’s coffers, reports Roland Jackson reports Roland Jackson AFP London BRITAIN’S hotly awaited royal wedding will more than double the number of visitors to London and showcase the tourism industry to a global television
        AFP; BLOOMBERG  -  793 words
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      200 9 Panasonic ideas for life Years of Expertise in Massage Chair Technology For the calming effects of hot stone massage. Introducing Panasonic EP-MA70 Massage Chair Experience the world's first massage chair with heated ceramic rollers* from Japan. Combined with revolutionary multi-technique air and 3D mechanisms, it instantly loosens and soothes your
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      186 10 THE NEW Simmons Wo itli OLU5 UJ (fjeaiit eau Simmons presents the stunningly redesigned Beautyrest® that is set to wow you. Made in USA, the new Beautyrest® now looks great with BeautyStyle luxury fabrics and aesthetics, and feels even better with BeautyFeel™ exceptional comfort to complete your ultimate sleep. The
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      281 12 Stressless® is 40 and never feeling better THE INNOVATORS OF COMFORT™ The best comfort ever from Stressless® romp._anrt_cro-. ADH.designs .c hp sting on our every single 9'jSHSKaHffifel rhp,. yaliLf jsLin ifi.xogifprt. 0 continues to be at a premium. So turning 40 is no excuse for re laurels! For 4 decades
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      210 13 SEALY POSTUREPEDIC Support you trust. Comfort you'll love.™ 3 Days only! Additional 10% savings from 22nd April to 24th April Wl I Hi I Hill II 6 ESRwtunaxa/K ,<« I T. I S ,mrT777T7rv" E(E) e m P\rATi. AL sT DIS 1 UniCased XT cx 3 PATENTED DUAL SUPPORT SYSTEM
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  • Page 24 Miscellaneous
    • Miscellaneous
      Lock icon Page 24 Miscellaneous Column 1
      338 24 Across 1 One has an excess of trouble and strife (10) 6 Was enigmatic Becket initially something absorbing in theatre? (4) 9 Place before Eliot possible producers of the Waste Land (7) 10 Ruling in the club when prince is absent (7) 12 It contains advice to the benefit of
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