The Business Times, 23 December 2011

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Total Pages: 29
1 30 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Friday, December 23,
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  • 441 1  -  StarHub, SingTel may revise charges to deter hefty usage By JOYCE HOOI [SINGAPORE] The telcos’ crusade against virtually unlimited mobile data usage might soon be upon 3G shores. StarHub and SingTel are taking a good look at revising their 3G price plans,
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  • 141 1 HST INDEX 2,664.80 (-8.52) HST INDEX FUTURES 2,665 (-8) HSIMSCI 303.71 (-1.33) HSIMSCI FUTURES 303.70 (-1.50) FOREX US$ S$ US$ (S$ per US$) 1.296 (US$/S$ per 1.569 2.032 EURO (US$/S$/E) 1.307 1.693 Foreign currency per US$ S$ YEN 78.10 60.30 RM 3.171 2.447 HK$ 7.780 6.004 BAHT 31.33
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  • 1007 1  -  The blood-letting in exports has eased, but sector expects tough conditions to stretch well into 2012 By TEH SHI NING [SINGAPORE] Electronics exports may have begun to recover from their dramatic plunge, but companies in the electronics sector say its shrinking spell may
    BLOOMBERG  -  1,007 words
  • Page 1 Advertisements
    • 39 1 SPECIAL FEATURE The making of ChildAid 2011 PAGES 15 TO 17 EXECUTIVE LIFESTYLE Time out for the arts I PAGE 30 Do you hear what I hear? I PAGE 28 Scents and sensibility I PAGE 26 8 '*****1 *****4
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    • 42 1 COMMENTARY Austerity all round except for bankers PAGE 18 RAFFLES CONVERSATION Whatever policies or incentives are introduced, they have to be firm, transparent, clear and with no flip-flopping. Ismail Ibrahim, chief executive of Iskandar Regional Development Authority. In The Raffles Conversation tomorrow
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    • 161 1 S’PORE NEWS Far East clinches over 100 buyers for Hillier PAGE 9 Cartler V i 4 i.i w CALIBRE BE CARTIER MULTIPLE TIME ZONE 9909 MC THE CARTIER CALIBRE 9909 MC OFFERS A UNIQUE REWORKING OF THE TRAVEL WATCH BY COMBINING TWO DISTINCT AND UNIQUE INNOVATIVE FEATURES: A DISC WITH
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    • 12 1 COMPANY NEWS SATS, Spanish partner bag deal as ICT operators PAGE 4
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • 74 2 ELECTRONICS exports may have begun to recover from their dramatic plunge, but companies in the electronics sector say its shrinking spell may continue into the new year with growth resurfacing only in 2012’s second half. Still a vital cog in Singapore’s manufacturing economy,
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      • 84 2 THE telcos’ crusade against virtually unlimited mobile data usage might soon be upon 3G shores. StarHub and SingTel are taking a good look at revising their 3G price plans, the two telcos told BT yesterday. StarHub said that it may “review current
        84 words
      • 51 2 THE Singapore Exchange has declined China Sky Chemical Fibre’s request to lift the suspension of share trading, citing “circumstances of the suspension, including the persistent non-compliance with the exchange’s direction to the company to appoint a special auditor”. TOP STORIES, PAGE
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      • 81 2 US economic growth was slower than previously estimated in the third quarter on a sharp drop in healthcare spending, but stronger business investment and a fall in inventories pointed to a pickup in output in the current period. Gross domestic product grew at
        81 words
      • 47 2 SATS and its Spanish cruise terminal partner Creuers Del Port de Barcelona have emerged from a three-way race that included industry favourite Singapore Cruise Centre as the operators of the $500 million International Cruise Terminal. COMPANY NEWS, PAGE 4
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      • 52 2 KEPPEL Corp’s offshore and marine unit has won a US$809 million contract to design and build an oil rig for Brazilian firm Sete Brasil Participacoes. The latest contract win takes Keppel Offshore Marine’s new orders for the year to date to $9.8 billion. COMPANY NEWS,
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      • 63 2 WHILE most residential developers mull whether or not to release new projects following the introduction of the additional buyer’s stamp duty on Dec 8, the developers of at least two new projects have gone ahead with previews The Hillier in the Hillview area and
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      • 44 2 INDIAN Prime Minister Manmohan Singh has shelved plans to allow foreign direct investment in pension funds in the second major policy setback this month, according to one of the government’s largest parliamentary allies. GREATER CHINA/INDIA, PAGE 12
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      • 55 2 CONFIDENCE among US consumers rose more than forecast in December, to a six-month high, as Americans began wrapping up their holiday spending. The Thomson Reuters/ University of Michigan final index of consumer sentiment climbed to 69.9 from 64.1 at the end
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    • 797 2  -  One ID says he did not approve statements relating to SGX’s reprimand By LYNETTE KHOO [SINGAPORE] The Singapore Exchange (SGX) has declined China Sky Chemical Fibre’s request to lift the suspension of share trading, citing “circumstances of the suspension, including the persistent
      797 words
    • 969 2  -  Sales volume could fall slightly, say analysts By MINDY TAN [SINGAPORE] While HDB resale prices are expected to remain stable in 2012, with marginal softening of the COVs (cash-over-valua-tion), leading to an overall price correction of between 1 and 5 per cent, sales
      ALPHONSUS CHERN/THE STRAITS TIMES  -  969 words
    • 438 2  -  Most on track to comply with fresh product selling rules By KENNETH LIM [SINGAPORE] The makers and sellers of financial products covered under a new set of rules to raise hurdles for retail investors say they are mostly on schedule to comply in
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    • 461 2 [SYDNEY] China’s Yanzhou Coal Mining Co Ltd said yesterday it plans to merge its Australian unit with Gloucester Coal in a A$700 million (S$917 million) deal that will create one of Australia’s largest listed coal companies. Australia’s coal sector has seen a series
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    • 665 3 [TOKYO] Japan yesterday cut its economic growth forecast for the year to March 2012 and the following 12 months, citing the impact of a soaring yen, natural disasters and the eurozone debt crisis. Japan will also aim for 2 per cent real growth until
      BLOOMBERG  -  665 words
    • 509 3 GDP rise revised to 1.8% from 2% on big drop in healthcare spending LATEST US DATA [WASHINGTON] US economic growth was slower than previously estimated in the third quarter on a sharp drop in healthcare spending, but stronger business investment and a fall in
      509 words
    • 426 3 [NEW YORK] The United States’ AAA rating will probably be cut by Fitch Ratings by the end of 2013 unless lawmakers are able to formulate a plan to reduce the budget deficit after next year’s congressional and presidential elections. “Without such a strategy,
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    • 572 4  -  Inclusion of Creuers seen as helping consortium to win three-way race By LYNN KAN CHRISTMAS has come early for airport ground handler SATS Ltd. SATS and its Spanish cruise terminal partner Creuers Del Port de Barcelona have emerged from a three-way race
      FILE PHOTO  -  572 words
    • 148 4  -  By KENNETH LIM CWT Ltd clarified yesterday that it is no longer pursuing an acquisition of MF Global Singapore. “The board wishes to clarify that Straits Financial Group considered the offer in November 2011 but has decided not to pursue further,” CWT
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    • 375 4  -  Relocation package endorsed by local authority and union By CONRAD TAN HI-P International said that it has resolved a labour dispute at a production plant in Shanghai that started last month over the proposed relocation of the plant. The company, which makes precision tools
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  • Page 4 Advertisements
    • 2281 4 thebusinesstimeswww.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 weekend www.businesstimes.com.sg SEPTEMBER 24-25, 2011 S$1.00 MICA (P) 121/08/2011 the raffles conversation CAREER DIPLOMAT BARRYDESKER 12-13 cheap funds Local banks to slash savings ratesDBS Bank, OCBC DBS Bank and UOB will offer amere 0.05 per cent mere come October, even asHSBC and
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  • Page 5 Advertisements
    • 566 5 1 http://go.bestdenki.com.sg n£? Register Win §@GODS!aoi© SafeKi TM) TOG© Like us on twitter.com/ facebook.com/bestsg askbestdenki b THE ®®S® 21 October 2011 to 22 January 2012 DENKI and SAMSUNG present to you the art of Televisions, Audio Bars and Blu-Ray Players. Enhance your overall Smart TV Experience with Anynet+ (HDMI-CEC). Celebrate
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  • SINGAPORE MARKETS
    • 575 6  -  Index loses 8.5 points as volume languishes at 535 million units worth $429 million STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index yesterday was unable to add to its 59-point Wednesday bounce, instead slipping 8.52 points to 2,664.80 in possibly the lowest full-day
      Source: Bloomberg  -  575 words
    • 4 6 DAILY
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    • 66 6 Dec 22 VALUE CLOSE BT OB/OS -513.00 +144.0 BT CADI -*****.00 -32.0 BT 10-day MA -*****.00 -51.00 FTSE ST Mid Cap 584.68 -1.89 FTSE ST Small Cap 394.51 -1.47 FTSE ST All Share 637.90 -2.06 FTSE ST China Top 185.51 -0.14 FTSE ST China 220.70 +0.36 FTSE
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    • 58 6 VOLUME Golden Agri 43,151,000 IEV 41,436,000 GMG Global 39,004,000 HPH Trust US$ 18,870,000 Genting SP 11,516,000 LionGold 10,577,000 SingTel 10,209,000 Hartawan 9,985,000 PSL Hldgs 9,342,000 CNMC 8,518,000 VALUE($) DBS Grp 37,521,465 SingTel 31,799,730 Golden Agri 30,585,130 OCBC Bk 26,804,780 UOB 26,050,360 IEV 19,246,290 Genting SP 17,512,315 Olam
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    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 3 5 0 0 0 5 3 5 Manufacturing 32 36 39 6 4 2 38 40 41 Commerce 9 16 14 2 2 4 11 18 18 Tpt/Stor/Comms 7 16 8
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    • BROKERS’ TAKE
      • 405 6 OCBC Investment Research, Dec 22 THE past year has been good for the construction sector. Total construction contracts handed out (till October) totalled $27.4 billion, exceeding the total amounts in 2009 and 2010. Growth was similar to 2010, and is a result of increased demand for construction services
        Source: Bloomberg  -  405 words
      • 357 6  -  Compiled by JAMIE LEE Dec 22 close: $6.09 Kim Eng Research, Dec 22 SINGAPORE Exchange (SGX) will announce its Q2 fiscal 2012 (year-end: June) results on Jan 16, 2012. We revise our securities daily average trading value (SDAV) assumptions going into calendar year 2012, which could turn out
        Source: Bloomberg  -  357 words
      • 135 6 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
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    • 117 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 7,074 7,074 23,240 23,240 Manufacturing 69,787 9,460 79,247 69,645 397 70,043 Commerce 26,681 2,061 28,742 50,548 238 50,785 Tpt/Stor/Comms 58,105 18,622 76,727 75,821 2,367 78,189 Finance 10,541 10,541 96,787 96,787 Construction 14,002 2,944 16,946 4,406
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    • 111 6 Stock name Close Change Stock name Close Change CapMallsAsia 1.155 -0.005 CapitaLand 2.280 -0.010 CapitaMall 1.715 +0.010 CityDev 8.960 -0.040 ComfortDelGro 1.420 +0.020 DBS Grp 11.510 -0.190 F&N 6.300 GLP 1.710 -0.010 Genting SP 1.520 -0.010 Golden Agri 0.710 +0.010 HK Land 4.690 +0.050 JMH 47.140
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    • 459 6 Euro trims gains vs in choppy trading CURRENCIES [LONDON] The euro pared gains against the US dollar yesterday in choppy year-end conditions with ongoing concerns that the eurozone debt crisis could intensify next year, driving investors to sell into any rebounds in the single currency. Analysts said the European Central
      BLOOMBERG  -  459 words
    • 116 6 BY CENTS CLOSE UP IS S&P500 ***** 311.0 2.0 DBXT MSEurope 10US$ 3958 217.7 4.4 DBXT Nifty 10US$ 9001 111.4 1.0 Hyflux 6% CPS 10 ***** 59.0 0.6 Lyxor Europe 10 US$ 1085 45.4 3.3 DBXT STGLDv100 10US$ 2621 13.0 0.4 DBXT S&P Short 10US$ 4204 10.4 0.2 OCBC
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    • 120 6 BY CENTS CLOSE DOWN IS DJ US Tech 6268-379.6 -4.5 GLD 10US$ *****-248.8 -1.2 DBXT E50 10US$ 3309-101.1 -2.3 DBXT FTVietnam 10US$ 1843 -80.3 -3.3 Jardine C&C 4868 -71.0 -1.4 Asia Pac Brew 2790 -40.0 -1.4 JSH 2786 -32.4 -0.9 UOB 1549 -26.0 -1.7 DBXT MSKorea 10US$ 5172 -22.0
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    • 5 6 DAILY
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  • COMPANY NEWS
    • 299 7  -  By CARINE LEE SINGAPORE Technologies Engineering (ST Engineering) has struck a new partnership with Pratt Whitney to broaden its range of aftermarket solutions. The integrated engineering group said yesterday it has, through Vision Technologies Aerospace Incorporated (VT Aerospace), invested US$33.3 million for a 50.1
      299 words
    • 488 7  -  This takes Keppel Offshore Marine’s new orders for the year to date to $9.8b By CONRAD TAN KEPPEL Corp’s offshore and marine unit has won a US$809 million contract to design and build an oil rig for Brazilian firm Sete Brasil Participacoes. Keppel Offshore Marine
      488 words
    • 227 7  -  It has option to take over remaining 24.8% in 5 years By JAMIE LEE SINGAPORE-LISTED Olam International is acquiring a 75.2 per cent interest in S p a i n s M acao Commodities Trading (MCT) for 15 million euros (S$25.3 million), with
      227 words
    • 538 8  -  Contractor Shaw Group expects project to be ready next summer By RONNIE LIM EXXONMOBIL’S long-de-layed upstream cracker on Jurong Island the heart of its US$5-6 billion second Singapore petrochemical complex “is nearing completion”. J M Bernhard, chairman and CEO of US-based contractor Shaw Group on
      538 words
    • 289 8 [FRANKFURT] European Commission antitrust officials on Wednesday showed no sign of being swayed by Deutsche Boerse and NYSE Euronext’s last-ditch arguments to save their US$9 billion deal, sources said, making it increasingly likely the exchange operators will have to take their campaign
      289 words
    • 776 8 Board considers selling holdings in Alibaba, Japan unit [NEW YORK] The board of Yahoo is considering a sale of the bulk of the company’s valuable holdings in the Alibaba Group of China and Yahoo’s Japanese affiliate back to their majority owners in a complicated
      BLOOMBERG FILE PHOTO  -  776 words
    • COMPANY BRIEFS
      • 72 8 FUXING China Group said that it is likely to register a loss in the fourth quarter ending Dec 31, 2011. It expects to achieve lower operating profit compared to a year ago and expects potential impairment and write-down of tangible and intangible assets as
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      • 83 8 IPC Corporation said that it has bought a business hotel in Matsuyama, Ehime Prefecture, Japan, for 910 million yen (S$15.3 million). “The purchase is in line with the company’s strategy to acquire more income-producing assets with the view of having a constant
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      • 68 8 PACIFIC Investment Management Co (Pimco) is relocating global co-head of emerging markets Ramin Toloui to Singapore from the United States as part of plans to expand its Asia operations, two sources said on Wednesday. Mr Toloui, who is currently based in Pimco’s headquarters in Newport
        68 words
      • 39 8 OCBC director Fang Ai Lian has purchased an additional 50,000 shares at $7.9272 per share in the bank yesterday. Through the open market purchase, Mrs Fang now holds 62,671 shares in OCBC.
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      • 48 8 CAPITAMALLS Asia has increased its investment in its wholly owned subsidiary, CMA CapitaStar Pte Ltd, by $999,999. The additional capital will be used to fund the working capital requirements of CapitaStar, it said. The investment raised CapitaStar’s paid-up share capital to $1 million.
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    • 149 7 JERRY LUM Snr Marketing Director, MBA, CES CEA Licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg ERA Estate Agent Licence No L*****82K Whan You Buy, Sail, or Rant Financial meltdown in 2012? Can terrorism affect Singapore? What lies ahead for Malaysia in 2012? Trouble in the South China
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  • Page 8 Advertisements
    • 500 8 SP POWERASSETS LIMITED (THE “COMPANY”) S$400,000,000 FLOATING RATE NOTES DUE 2012 (THE“SERIES 006 NOTES”) UNDERTHE S$8,000,000,000 GLOBAL MEDIUMTERM NOTE PROGRAM OFTHE COMPANY To: All holders of the Series 006 Notes NOTICE IS HEREBY GIVEN that:1. pursuant to paragraph 24 of the Pricing Supplement dated 20 April 2005 for the Series
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    • 123 8 Blow your blues at the launch of Weekday Lunch set meal for 17, Bali Lane (S) *****3 $5-90 <®!8> Enjoy Happy Hours from Monday to Friday with 50% off your 2nd jug of Tiger beer FOR RESERVATIONS, PLEASE CALL 8181 7330 For a limited time only* *T c Apply. We
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  • SINGAPORE NEWS
    • 732 9  -  About 100 units at The Hillier and 50 units at The Nautical sold since their previews late last week By KALPANA RASHIWALA WHILE most residential developers mull over whether or not to release new projects following the introduction of the additional buyer’s stamp duty
      732 words
    • 307 9  - A Gucci you can drive with a little help from Fiat By ARTHUR LEE A BIT like chili padi, the Fiat 500 has had quite a following since its rebirth in 2007. It was born over 50 years ago sporting a twocylinder, 480cc engine. The new versions range from a
      ARTHUR LEE  -  307 words
    • 241 9 BLOGSHOPS in Singapore are estimated to have accounted for $96 million, or 6 per cent, of the $1.6 billion local e-commerce sales this year. A survey conducted by LiveJournal, which manages 50,000 blogshops here, shows that its users get 480,000 visitors every month
      241 words
    • 352 9 THE Straits Times School Pocket Money Fund (SPMF) will become a full-fledged charity with its own Institution of a Public Character (IPC) status from Jan 1 next year. This means that the SPMF, which is currently administered by the National Council of Social
      352 words
    • 218 9 AN OFFICER with the Ministry of Home Affairs (MHA) was charged with cheating the government of $617,087 following stepped-up internal audits in the wake of the massive Singapore Land Authority (SLA) scam. Liew Chee Meng, 35, a clerical officer with the MHA since July 2003,
      218 words
    • 695 9  -  Parcels located in Bedok South, Jervois Rd, Boon Lay Way By MINDY TAN THREE parcels of residential land, the last of the bumper supply injected into the market this year, were released for sale yesterday, potentially yielding about 1,325 units. This is
      695 words
    • 306 9  -  8-member team will share findings with govt’s inquiry panel By LYNN KAN SMRT has formed its own task force separate from the formal Committee of Inquiry called by Prime Minister Lee Hsien Loong to look into the spate of train disruptions last
      306 words
    • SINGAPORE ROUNDUP
      • 75 9 THE Ministry of Manpower (MOM) has appointed Dr Jukka Takala as the first executive director (ED) of the Workplace Safety and Health (WSH) Institute as of Dec 28. With more than 35 years of experience in the international WSH arena, Dr Takala will set
        75 words
      • 69 9 Baker McKenzie wins awards BAKER McKenzie has been named “Asia Pacific M&A Legal Advisor of the Year” and “Southeast Asia M&A Legal Advisor of the Year” at the annual Financial Times–mergermarket Asia Pacific M&A Awards. The awards recognise the firm’s strength in capital markets and corporate transactions. The firm was
        69 words

  • ECONOMY WATCH
    • 646 10 Recent uptick is mostly due to temporary factors, economists say [WASHINGTON] A spate of unexpectedly good economic data suggest that this quarter will have some of the strongest economic growth since the recovery started in 2009, causing a surge in
      646 words
    • 402 10 [WASHINGTON] The International Monetary Fund’s (IMF) chief economist said on Wednesday that dithering EU policymakers had wasted a year and allowed their crisis to deteriorate, leaving Europe more exposed to “schizophrenic” investors. Olivier Blanchard described 2011 as a year of missed opportunities
      402 words
    • 441 10 [SEOUL] Foreign investors bought the most Kospi index stocks in three weeks as some fund managers overlooked possible political upheaval in North Korea to buy equities in South Korea, Asia’s cheapest major market. Overseas investors purchased a net 329.9 billion won (S$369 million)
      AP  -  441 words
    • 586 10 [TOKYO] Japanese brewers are looking past China’s US$57 billion beer market to a country with less than one-tenth the population: Vietnam. Japan’s oldest beer maker, Sapporo Holdings Ltd, pulled out of China in 2004 and is boosting production in Vietnam. Rivals Asahi Group Holdings
      586 words
    • 372 10 [WASHINGTON] The population of the United States grew at its slowest rate since the 1940s this year, the Census Bureau reported on Wednesday, as the gloomy economy continued to depress births and immigration fell to its lowest level since 1991. The first measure
      372 words
  • Page 10 Advertisements
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    • 24 10 ALL I WANT FOR CHRISTMAS... 54 young friends of share their festive desires Suthasini is Singapore’s latest singing star GETYOUR COPYTODAY FROMALL 7-ELEVEN OUTLETS
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  • MALAYSIA
    • 420 11  -  By in Kuala PAULINE NG in Kuala Lumpur MALAYSIAN patrol vessel maker Boustead Heavy Industries Corporation (BHIC) fell nearly 2 per cent yesterday to RM3.33 following a denial by its parent Boustead Holdings that it plans to take the subsidiary private. Quoting
      420 words
    • 858 11 [KUALA LUMPUR] Malaysian Airline System Bhd and AirAsia X Sdn are joining Emirates in considering sales of Islamic bonds as banks curb lending on Europe’s debt crisis. MAS, voted Asia’s leading carrier by World Travel Awards this year, may sell sukuk to
      BLOOMBERG  -  858 words
    • 627 11  -  Sharizat under more pressure now her husband is head of corp in spotlight By in Kuala S JAYASANKARAN in Kuala Lumpur THE pressure is mounting on Cabinet Minister Shahrizat Jalil now that the Malaysian Anti-Corruption Commission (MACC) has announced it is investigating allegations
      BLOOMBERG  -  627 words
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    • 1088 11 JAPAN LAND LIMITED (Company Registration No. *****7417K) (Incorporated in the Republic of Singapore) NOTICE OF 13TH ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 13th Annual General Meeting (“AGM”) of Japan Land Limited (“Company”) will be held at Singapore Management University, Administration Building, 81 Victoria Street, Level 4 Function
      1,088 words

  • GREATER CHINA/INDIA
    • 348 12 PM Singh defers plan approved by Cabinet after key govt ally opposes it [NEW DELHI] Indian Prime Minister Manmohan Singh has shelved plans to allow foreign direct investment (FDI) in pension funds in the second major policy setback this month, according to one
      348 words
    • 561 12 [BEIJING] China’s commercial banks anticipate looser monetary policy in the first three months of 2012 as household inflation expectations ease and business sentiment sours, three quarterly surveys from the People’s Bank of China (PBOC) revealed yesterday. Expectations for consumer inflation in China were lower for the
      AP  -  561 words
    • 416 12 [SHANGHAI] China has ordered companies to begin construction on idle land to deter speculators from hoarding sites in amendments to draft rules. Land holders should start building on sites within three months from receiving the order, the Ministry of Land and Resources said
      416 words
    • 548 12 [NEW DELHI] Reliance Industries Ltd, operator of the world’s biggest oil refinery complex, has invested in Terra Power LLC, a nuclear design and engineering company partly funded by Microsoft Corp chairman Bill Gates. The minority investment was made through a unit and is
      AFP  -  548 words
  • Page 12 Advertisements
    • 122 12 >©>' MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices In the Matter of The Companies Act (Chapter 50) And In the Matter of HUAT SOON SERVICES PTE LTD (In Members’ Voluntary Liquidation) UEN *****8724W NOTICE OF FINAL MEETING NOTICEISHEREBYGIVENthatpursuanttoSection 308 of the Companies Act, Cap. 50, the Final Meeting of
      122 words
    • 617 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SCP POWER PTE LTD (Company Registration No. *****6434Z) (IN VOLUNTARY LIQUIDATION) MEMBERS’ VOLUNTARY WINDING UP NOTICE IS HEREBY GIVEN that at an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held
      617 words
    • 403 12 FORM 69 (3) (Rule 91) NOTICE OF INTENDED DIVIDEND IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF SPORTS NETWORK PTE LTD (IN LIQUIDATION) COMPANY REGISTRATION NO. *****7287R Name of Company Address of Registered Office Court
      403 words
    • 132 12 In the Matter of The Companies Act, Cap.50 And In the Matter of POSHGROVE PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg. No. *****1587H) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final General Meeting of the
      132 words

  • WORLD
    • 67 13 [TEXAS] Rupert, a seven-month-old dachshund, licking the face of volunteer Patrick Ashton, dressed as Santa Claus, during a fund-raising event for the Montgomery County Animal Shelter at a Petsmart shop here last Sunday. Pet owners brought their animals to pose for a
      AP  -  67 words
    • 457 13 Reuters [LONDON] Europe’s debt woes dragged worldwide investment banking income down this year, data showed, with fees on the continent slumping to the lowest quarterly level ever recorded and company listings and acquisitions grinding to a near halt. The number of bond deals
      Reuters  -  457 words
    • 480 13 Europe debt crisis, int’l competition hit revenue, fees Bloomberg [LONDON] London’s stockbrokers are shrinking as Europe’s sovereign debt crisis and competition from international firms squeezes revenue and fees. “This isn’t just a blip, this is much worse,” said Tim Linacre, who is stepping down
      Bloomberg  -  480 words
    • 307 13 Emerging-market bond yields also hit the bottom this year at 5.9%, down from 6.1% in 2010 Bloomberg [LONDON] Corporate bond sales from borrowers in emerging markets soared 14 per cent to a record this year as their economies grew four times faster than the developed
      Bloomberg  -  307 words
    • 613 13 Hildebrand rolls out rigorous rules over banks’ resistance NYT [FRANKFURT] For Swiss central bank president Philipp Hildebrand, it was a reminder of what happens when you get between bankers and their bonuses. “He’ll never find another job in Switzerland,” the Swiss newspaper
      NYT  -  613 words
    • 518 13 Inquiries about restructuring have picked up in the past few months Bloomberg [NEW YORK] For bankers advising Europe’s lenders on debt negotiations with the Greek government or the bankruptcy of MF Global Holdings Ltd, it’s starting to feel like the aftermath of the financial crisis
      Bloomberg  -  518 words
    • 483 14 Consumers see 3.1% inflation over next 12 months, down from 3.2% in Nov LATEST US DATA Bloomberg [WASHINGTON] Confidence among US consumers rose more than forecast in December, to a sixmonth high, as Americans began wrapping up their holiday spending. The Thomson
      Bloomberg  -  483 words
    • 312 14 AFP [LOS ANGELES] The Grammys will pay special tribute to late Apple founder Steve Jobs at the upcoming awards show, the organisation announced. The Apple co-founder and mind behind the wildly popular iPod, iPad and iPhone died in October after battling pancreatic
      AFP; YEN MENG JIIN  -  312 words
    • 559 14 Bloomberg [DUBAI] Persian Gulf companies may struggle to refinance almost US$90 billion of borrowings maturing through 2013 as the sovereign debt crisis forces European banks to retreat, leaving a gap that local lenders may be unable to fill. Syndicated lending
      Bloomberg  -  559 words
    • 370 14 Bloomberg [TOKYO] Tokyo Electric Power (Tepco) plans to raise electricity rates for companies from April to help offset the rising costs of fuel to run thermal power plants after the Fukushima disaster shut down most of its nuclear reactors. It will
      Bloomberg  -  370 words
    • 476 14 Bloomberg [LONDON] UK economic growth accelerated more than previously estimated in the third quarter in a surge that the Bank of England (BOE) says is unlikely to be repeated as Europe’s debt crisis curbs bank lending and dents confidence. Gross domestic
      Bloomberg  -  476 words
    • 384 14 They want new govt bonds to carry 5% coupon, sources say Bloomberg [ATHENS] Greece’s creditors are resisting pressure from the International Monetary Fund (IMF) to accept bigger losses on holdings of the indebted nation’s government bonds, said three people with direct
      Bloomberg  -  384 words
  • Page 13 Advertisements
    • 51 13 THE SINGAPORE EDITION! SINGAPORE tanuar. JOI?« tSOO laid GST) HAIR THAT g SHOWS YOU aM OFF M < K a Agron 0 I ft STOH1 THE SECRETS TO SUCCESS, INSIDE Just I '"U $5 7 DEADLY SINS: Why They Work For Work ARE YOU GETTING IT? JANUARY ISSUE OUT NOW!
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  • ChildAid 2011
    • 1474 15  -  talks to the creative leaders behind ChildAid 2011 Christopher Lim CONCERTS don’t have to be ostentatious to make an impression, as this year’s ChildAid performances demonstrated. The concerts, which ran Dec 8-10 at the NUS University Cultural Centre and featured some 130 children, raised a
      1,474 words
    • 566 16/17  - Musical journey of friendship hope By Tam Yu Ling DESPITE the current economic uncertainty, donors still gave readily for this year's ChildAid concert which raised a record $1.88 million. The seventh annual for-children-by-children charity concert took place over three nights between Dec 8 and Dec 10 this year. At a
      Photos by: John Heng Arthur Lee Ng Sor Luan Neo Xioabin  -  566 words


  • EDITORIAL & OPINION
    • 894 18  -  Big banks are able to resist reform that could really change their compensation schemes By SIMON JOHNSON The writer, a former chief economist of the IMF, is co-founder of a leading economics blog, http://BaselineScenario. com SANTA Claus came early this year for four former
      BLOOMBERG  -  894 words
    • 768 18  -  THE BOTTOM LINE FRANK CHtNG The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 OUTSIDE of Taiwan, no one is watching the presidential elections slated for Jan 14 more closely than people in China. And it is not just
      768 words
    • 510 18 EDITORIAL EIGHT days have passed since SMRT suffered the first of a series of embarrassing service breakdown, yet the public furore it engendered shows little sign of abating. The transport operator has much to answer for in the coming days and weeks. That there was
      510 words
    • 1439 19  -  Its move to lend money to banks may stem EU crisis for at least some years, and go a long way in recapitalising banks By FLOYD NORRIS NYT “TALK tough, and open the vaults.” That should be the slogan of Mario Draghi, president
      NYT; AP  -  1,439 words
    • 1219 19  -  By PAUL WISEMAN THE US economy is ending 2011 on a roll. The job market is healthier. Americans are spending eagerly on holiday gifts. A long-awaited turnaround for the depressed housing industry appears to be under way. Gas is cheaper. Factories are busier. Not
      1,219 words
    • 229 19  -  LETTER TO THE EDITOR Vikram Aggarwal CEO, eat2eat Pte Ltd IT is always excellent to see articles on real-time online reservations for restaurants in Singapore such as “Restaurants get online help with table booking” (BT, Dec 20), which focused on the services provided
      229 words


  • AVIATION/SHIPPING
    • 673 20  -  Global opposition to the tax is growing; global approach to issue needed, it says By VEN SREENIVASAN [SINGAPORE] The International Air Transport Association yesterday expressed disappointment at the decision by the Court of Justice of the European Union which upheld
      AFP  -  673 words
    • 919 20 Boeing’s share hits 40-year low but could bounce back Reuters [PARIS] Airbus is on course to end 2011 with well over 1,600 orders, pushing Boeing to the lowest market share of their 40-year rivalry, but Boeing has stored up momentum for a
      Reuters; AFP  -  919 words
    • 381 20 Drop in Nov mainly due to less capacity offered by struggling airline Reuters [MUMBAI] India’s struggling Kingfisher Airlines fell to fifth place in domestic market share during November, from third in the previous month, after the cash-strapped carrier grounded planes and cut
      Reuters  -  381 words
    • 209 20 [SINGAPORE] Changi Airport handled 3.89 million passenger movements last month, up 7.4 per cent from November 2010. “The higher passenger traffic for November was underpinned by increased demand for air travel to and from Northeast Asia and the Middle East, with both regions
      209 words
    • 455 20 Owners team up to face swelling fleet, slowing demand Bloomberg [LONDON] Rates for ships hauling boxloads of manufactured goods may rise next year after owners said they will cooperate on some trade routes to overcome a vessel glut and slowing trade growth, RS Platou
      Bloomberg  -  455 words

  • SINGAPORE STOCKS
    • 7680 21 Transaction date: Dec 22 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 11.6 8Telecom 15.5 5.1 15.5 7.8 3.9 3.2 74.2 9.5 4 A-Sonic 4.3 +0.3 11 4.3 4.3 4.6 5
      7,680 words
    • 1529 22 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 34 12.1 t 800 Super 12.9 +0.1 30 12.9 12.8 12.8 13 4.7 4.3 5 23.1 5.5 2.5 t AA Grp 3.3 2.6 3.3
      1,529 words
    • 9963 22 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.11/ APS Alpha Fund (USD)!** 0.86/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.57/ Aberdeen Asset Mgt Asia Limited American Opp 0.6215/ Asian Local Ccy
      9,963 words
    • 246 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 55.5 34 AVJennings A35 35 40 3.6 10 2.8 91.1 49 25.5 Genting HK US$ US26.5 -0.5 2433 27 26.5 26.5 27 1744.9 15 10 OGL Resources
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    • 852 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 109.5 ABF SG Bond ETF 117.2 +0.5 179 122.4 116.7 116.1 116.8 535 1261 856 CIMBAsean40 100US$ US951 -5 47 952 950 949 950 38
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  • FINANCE & COMMODITIES
    • 373 23 In local curr In S$ In US$ dy yr dy yr dy yr Dec 21 Index Change Change Change Change Change Change World Preliminary 814.1 -0.3 -9.3 -0.5 -8.3 -0.4 -9.4 EAFE Preliminary 669.6 0.1 -16.4 -0.3 -15.4 -0.2 -16.5 Europe Preliminary 996.1 -0.6 -14.8
      373 words
    • 77 23 CRUDE OIL PRODUCTS Dec 21 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 107.36 0.55 WTI (Near Mth) 98.82 1.57 Dubai (1-Mth F) 104.10 1.68 Tapis blend 115.82 2.44 Minas 113.32 2.40 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 99.44 1.27 Jet Kerosene 121.90 2.65 US$/barrel Opec Oil
      77 words
    • 107 23 Dec 21 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 12 1153.75 1144.50 1159.00 1132.25 Mar 12 1163.25 1154.50 1168.50 1142.00 May 12 1173.75 1164.75 1178.50 1153.00 Jul 12 1183.75 1174.75 1188.50 1162.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 12 49.45
      107 words
    • 77 23 Dec 22 Dec 22 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 22.03.2012 0.35 1-Year BY*****W 01.11.2012 0.35 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 102.91 5-Year N*****0W 1.125 01.04.2016 102.18 10-Year NX*****X
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    • 442 23 Dec 22 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar12 99.3400 0 3350 Jun12 99.2650 0 804 Sep12 99.2300 0 401 Dec12 99.2150 0 605 EUROYEN TIBOR FUTURES Mar12 99.6625 0 2349 Jun12 99.6650 0 1440 Sep12 99.6600 0 711 Dec12 99.6650 0 115 Mar13 99.6550
      442 words
    • 152 23 Dec 22 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jan 12 338.0 316 Feb 12 341.5 227 Mar 12 347.7 324 Apr 12 359.8 350.5 353.6 27 172 May 12 355.0 250 Jun 12 355.3 175 Jul
      152 words
    • 69 23 Dec 21 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1968.50 1985.00 3 months 1994.00 2003.00 Copper, Grade A (US$/tonne) Cash 7440.50 7394.00 3 months 7455.00 7410.00 Lead (US$/tonne) Cash 1943.50 1937.00 3 months 1966.00 1959.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • 24 23 Dec 22 Open High Sett STI Dec 2665 SIMSCI Dec 305.5 307 303.7 Taiwan Dec 250.4 252.1 249.8 Source: SGX Derivatives
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    • 2129 23 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 2 1 150 55 49.00 29 ASJ Hldgs W*****1 0.1 1 4 24 33.00 2 AlliedTech W*****2 1.7 1 4 23 Ascendas Reit.ES.1112 186 50 Aztech Grp W*****3
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    • 82 23 Dec 21 COCOA (£/tonne) Close Prev High/Low Mar 12 1435 1400 1436/1394 May 12 1452 1418 1453/1410 Jul 12 1468 1434 1469/1432 Sep 12 1482 1447 1484/1446 COFFEE (US$/tonne) Close Prev High/Low Jan 12 1823 1847 1848/1814 Mar 12 1868 1887 1884/1857 May 12 1902 1921 1916/1892 Jul 12
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    • 464 23 Dec 22 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.036 6.400 0.772 7.852 53.289 92.356 0.788 11.649 3.200 1.312 90.539 44.043 1.308 8.293 0.943 30.592 31.623 0.644 1.009 Canada 0.966 6.179
      464 words
    • 82 23 Dec 22 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 143 23 Dec 22 GOLD (US$/oz) Dec 22 Dec 21 Hong Kong 1621.50 1634.20 Dec 21 Dec 20 London 1610.10 1615.29 1610.85 1617.01 Source: Thomson Reuters Source: Reuters CAST BAR Dec 22 (S$) Selling Buying Kilobar "72,520.32" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 162 68 5gm 461 338
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    • 57 23 Dec 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 12 3066.0 3095.0 3097.0 3082.0 235 2443 Feb 12 3072.0 3100.0 3100.0 3072.0 2165 ***** Mar 12 3070.0 3097.0 3097.0 3065.0 ***** ***** Apr 12 3061.0 3090.0
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    • 154 23 Dec 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3076 1.3082 1.0092 1.0095 Canadian dollar 1.2625 1.2633 0.9744 0.9748 Euro 1.6932 1.6936 1.3068 1.3069 NZ dollar 0.9968 0.9976 0.7693 0.7698 Sterling pound 2.0320 2.0329 1.5683 1.5687
      154 words
    • 22 23 Dec 22 S$ Bid Offer 1-month 1.2958 1.2960 2-months 1.2958 1.2960 3-months 1.2956 1.2958 6-months 1.2939 1.2944 Source: OCBC
      22 words
    • 121 23 As at 9am Dec 22 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.335 1.272 Can dollar 1.284 1.235 Euro 1.722 1.656 Sterling pound 2.068 1.989 NZ dollar 1.023 0.975 US dollar 1.316 1.266 Local dollars to 100 units of foreign
      121 words
    • 154 23 Dec 22 $S Offer Bid 0vernight 0.03 0.01 1-month 5/16 3/16 2-months 5/16 3/16 3-months 5/16 3/16 Overnight mode: 0.02 US$ Offer Bid 7 days 0.45 0.20 1 month 0.45 0.25 2 months 0.55 0.35 3 months 0.70 0.50 6 months 0.95 0.75 9 months 1.15 0.95 12
      154 words
  • Page 23 Advertisements
    • 114 23 SMX MARKET UPDATE As on 21 December 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METALS GOLD FUT FEB2012 1641.60 1614.30 1613.80 87 CURRENCY AUD-USD FUT MAR2012 1.0109 .9954 .9980 5277 EUR-USD FUT MAR2012 1.3216 1.3041 1.3082 7079 USD-JPY FUT MAR2012 77.85 77.56 77.86 3546 BASE METAL
      114 words

  • Page 24 Advertisements
    • 1165 24 THE BUSINESS TIMES SHIPPING TIMES 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
      1,165 words
    • 1383 24 WAN HAI INTERNATIONAL PTE LTD UEN: *****4695M TEL: *****588 (14 LINES) FAX: *****163 PKL TEL: (03) *****588 FAX: (03) *****566 PEN TEL: (04) *****00 FAX: (04) *****99 JOH TEL: (07) *****23 FAX: (07) *****21 SUR TEL: (031) *****75 FAX: (031) *****14/*****05 JKT TEL: (021) *****88 FAX: (021) *****88 PLM TEL:
      1,383 words

  • Page 25 Advertisements
    • 748 25 SHIPPING TIMES HDS LINES THE SHORTEST TRANSIT TO PERSIAN GULF CONTAINERS SERVICE TO TANZANIA, KENYA, MIDDLE EAST, IRAN, PERSIAN GULF, IRAQ, CIS, INDIA PAKISTAN HDM SPL Approx transit time ex-Singapore 8 D 9 D 14 D 8 D 10 D VESSEL VOY SIN PKG JEA BND BIK SIN PKG MUN
      748 words
    • 498 25 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) MNL SIN PKL KUC KK JKT PANSY 28 30 30 29/12 30/12 03/01 SHENG SHI 32 100 28/12 02/01 03/01 CORAL HERO 114 50 80 03/01 04/01 07/01 GENIUS STAR 57 40 60 08/01 09/01 12/01
      498 words
    • 190 25 w TEL: (65) 6225 3522 FAX: (65) 6225 2436 Agents: Ben Line Agencies Contact CC Phoon 6420 9050 Contact Peggy Hwang 6420 9180 SHUTTLE SINGAPORE CHENNAI SINGAPORE CALCUTTA COLOMBO CALCUTTA COLOMBO CHENNAI COLOMBO TUTICORIN COLOMBO COCHIN VESSEL VOY SIN CHN SIN TIGER BRIDGE 967W 25-26/12 30-01/01 08-09/01 HYUNDAI BRIDGE 267W
      190 words
    • 445 25 FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION BERJAYA I 13/11 28/12 30/12 BELITUNG/PKL BALAM VICTORY 6 17/11 27/12 29/12 JAMBI/PEKAN BARU SUN FLORA 22/11 24/12 26/12 PALEMBANG/PANJANG SINOPA 18/11 26/12 28/12 BENGKULU/PADANG SIANIRI 13/11 27/12 29/12 BELAWAN/LHOKSEUMAWE BERJAYA II 17/11 26/12 28/12 SABANG/MALAHAYATI INDONESIA
      445 words

  • Page 26 Miscellaneous
    • 317 26 CRYPTIC CROSSWORD Across 1 Vote against holding old runner in battle site (6) 4 TV quiz to encourage top teachers (8) 9 Make a mess of role initially taken by old film star (6) 10 One slow to move making mistake in simple goal (8) 11 Character created by Robert
      317 words



  • Page 29 Advertisements
    • 62 29 Directed by TOKUJIN YOSHIOKA CARTIER TIME ART Mechanics of Passion wv www.mannabaysands.com/ArtScienceMuseum Open from 10:00am to 10:00pm daily, last admission at 9:00pm Please check ArtScience Museum website for museum closures before visiting. Photography and filming are strictly prohibited in Cartier Time Art. I 1 \m ArtScienceMuseum MARINA BAY SANDS Now
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  • executive lifestyle
    • 1694 30  -  Talented young artists are being handpicked by watchmaker Rolex to work with A-List mentors in bold new arts initiatives, reports JAIME EE JAIME EE IN the venerable New York Public Library one weekend last month, the usual quiet of the Rose main reading room was suddenly
      PHOTO-ILLUSTRATION: MOHD KHAIRIE; PHOTOS: KIRSTEN HOLST/THE ROLEX MENTOR AND PROTEGE ARTS INITIATIVE 2010-2011  -  1,694 words
    • 393 30  -  OFF THE CUFF Jaime Ee The Commuter’s Refrain (with apologies to Clement Moore’s ‘Twas The Night Before Christmas ’TWAS the night of The Breakdown and all through the crush, The commuters were stirring, at the sudden strange hush. In silence they waited with growing despair, In
      393 words
    • WINE/ARTS
      • 564 26  -  By TARA TAN DO not be deceived by this little black box of a play. Mata Hati, a 90-minute work staged by local Malay theatre group Teater Ekamatra, tackled all the hot potatoes you could find in a political work: race, religion, government and, yes,
        TEATER EKAMATRA  -  564 words
      • 942 26  -  By GUY COLLINS, SCOTT REYBURN Bloomberg GROWTH in wine sales by the five leading auction houses slowed to about 14 per cent this year from 75 per cent in 2010 as the global financial crisis cooled demand for Chateau Lafite-Roth-schild and other top Bordeaux producers.
        Bloomberg; PHOTOS: BLOOMBERG  -  942 words
      • 1099 26  -  You need to have a good nose for wine buying during the festive celebrations by sniffing out less costly Burgundy village appellations, writes N K YONG N K YONG LAST week at the President’s Dinner of the International Wine Food Society, Tanglin, Singapore, I spied a magnum
        1,099 words
    • ENTERTAINMENT/ARTS
      • 1098 27  -  With just precious hours left before Santa gets airborne, Executive Lifestyle susses out the festive must-dos for a standout Christmas Weekend Compiled by CHRISTOPHER LIM, MELISSA LWEE-RAMSAY, NATALIE KOH B28 Presents: Have Yourself A Jazzy Yuletide Jazz fans and whisky connoisseurs should consider spending Christmas Eve
        1,098 words
      • 896 27  -  By NG JIE HUI THERE’S a story behind every watch at the Cartier Time Art exhibition, now on at the ArtScience Museum at Marina Bay Sands. The venue is currently playing host to 159 timepieces from the French luxury house, and this is the first
        PHOTOS: NICK WELSH, LAZIZ HAMANI/CARTIER COLLECTION  -  896 words
    • ENTERTAINMENT/BOOKS
      • 751 28  -  It’s the most wonderful time of the year to play carols, but to avoid a surfeit of sugary aural treats, go for artistes off the weather-beaten track, writes CHRISTOPHER LIM CHRISTOPHER LIM CYNICS might assume that Christmas albums are all the same but there’s
        AP  -  751 words
      • 484 28  -  GAMING REVIEW: STAR WARS By CHRISTOPHER LIM A STAR WARS game may not traditionally represent Christmas, but for fans of George Lucas’s lucrative science fiction franchise, Christmas came early on Tuesday when Star Wars: The Old Republic, launched in the United States and Europe. Unlike
        484 words
      • 428 28  -  Star Wars: The Old Republic Revan Drew Karpyshyn LucasBooks 320 pages Rating: C BOOK REVIEW: STAR WARS By CHRISTOPHER LIM THE hardest games for novels to tie into are non-linear ones with multiple endings, such as the pair of Star Wars: Knights of
        PHOTOS: BIOWARE, LUCASBOOKS  -  428 words
      • 742 28  -  DVD REVIEW By CHRISTOPHER LIM ONE of the joys of Christmas is letting your spirit take flight as you kick back over the long weekend, and Andrea Bocelli’s Concerto: One Night in Central Park lets you escape to New York’s iconic park in the comfort of your
        742 words
    • CINEMA
      • 562 29  -  Guy Ritchie sticks to a trite-and-tested template in his sleuth sequel, reviews DYLAN TAN DYLAN TAN IF it’s not broken, don’t fix it. That seems to be the theory director Guy Ritchie had in mind while making Sherlock Holmes: A Game of Shadows, the sequel to his
        PHOTOS: WARNER BROS  -  562 words
      • 662 29  -  By GEOFFREY EU IMAGINE going out to hunt for a house and somehow ending up with a zoo instead. That’s the preposterous but (sort of) true story behind We Bought a Zoo, a family-oriented film that is a departure of sorts for Cameron Crowe, the
        WARNER BROS  -  662 words
      • 520 29  -  By DYLAN TAN FOR a silent film, The Artist is making a noise on the awards circuit. It’s leading the Golden Globes with six nominations in all the major categories, including, believe it or not, Best Screenplay. To think the film barely has enough lines
        THE WEINSTEIN COMPANY  -  520 words
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