The Business Times, 8 June 2012

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Microfilm: NL32035
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Friday, June 8, 2012
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  • Article
    Lock icon Bonus model for bosses may need tweaking
    867 1  -  EVA, popular here, may discourage investment and is complex: observers By JAMIE LEE [SINGAPORE] A popular performance assessment model that determines bonuses of top executives in large Singapore firms is going out of fashion where it first originated in the US. And some
    867 words
  • Article, Illustration
    Lock icon Investor mood swings hit fund flows to Asia
    845 1  -  Capital flows from Europe subdued and volatile; interest in China, India cools By ANTHONY ROWLEY in Tokyo THE roughly US$1 trillion of capital that flows annually from mature to emerging economies has become subject to “rapid mood swings” among investors as a
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      110 1 HST INDEX 2,759.26 (-1.57) HST INDEX FUTURES 2,760 (-1) GSIMSCI 316.40 (+0.53) GSIMSCI FUTURES 316.40 (+0.20) us$ s$ US$ (S$ per US$) 1.277 (US$/S$ per 1.545 1.973 EURO (US$/S$/E) 1.255 1.602 Foreign currency per US$ S$ YEN 79.30 62.10 RM 3.169 2.482 HK$ 7.758 6.075 BAHT 31.51 24.67 RUPIAH
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    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.433 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
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      101 1 JAPAN ECONOMY Japan should not intervene in forex market, says Mr Yen PAGE 4 Euro 2012 Banking on EXECUTIVE LIFESTYLE COVER STORY~PAGE 26 CALIBRE BE CARTIER MULTIPLE TIME ZONE 9909 MC I8K PINK GOLD CASE, HEPTAGONAL CROWN ADORNED WITH A FACETED SAPPHIRE, MULTIPLE TIME ZONE MANUFACTURE MECHANICAL SELF-WINDING MOVEMENT, CARTIER
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      10 1 CHINA RATE CUT Move aims to combat slowdown PAGE 2
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      26 1 SHIPPING Singapore’s new cruise terminal ready to woo European ships page 20 GLOBAL ART MARKET Why Asian collectors are a force to reckon with PAGE 29
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      12 1 EUROPE CRISIS Merkel to push for political union PAGE 17 *****1 *****4
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  • TOP STORIES
    • Article, Illustration
      Lock icon China cuts rates, eases lending, deposit curbs
      700 2 Move signals policymakers’ concern at weakness in demand for loans Bloomberg [BEIJING] China cut borrowing costs for the first time since 2008 and loosened controls on banks’ lending and deposit rates, stepping up efforts to combat a deepening slowdown as Europe’s debt crisis
      Bloomberg; AP  -  700 words
    • Article, Illustration
      Lock icon Bernanke sees risks to economy from Europe to US budget
      634 2 But no hints on how Fed might protect the fragile recovery Bloomberg Reuters [WASHINGTON] Federal Reserve chairman Ben Bernanke said the US economy is at risk from Europe’s debt crisis and the prospect of fiscal tightening in the US, while
      Bloomberg; Reuters  -  634 words
    • Article
      Lock icon NPLs, crisis in Spain threaten European banks
      495 2  -  In severe recession, bad loans could cost banks 420b euros By EMILYN YAP [SINGAPORE] European banks are facing several challenges but meeting high capital requirements is not the trickiest among them. What could threaten the banks considerably is a potential surge in non-per-forming
      495 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      628 2 Investor mood swings hit fund flows to Asia THE roughly US$1 trillion of capital that flows annually from mature to emerging economies has become subject to “rapid mood swings” among investors as a result of global financial turbulence, especially in Europe. At the same time, changing economic conditions
      628 words
    • Article, Illustration
      Lock icon Sakakibara raps current yen intervention
      595 4  -  Ex-minister says it would be ineffective and a ‘waste of time and money’ By TEH SHI NING [SINGAPORE] Japan should not intervene in the foreign exchange market now as the yen is not overly strong and any attempt to weaken it is unlikely to work,
      595 words
    • Article
      Lock icon MAS sees near-term global economic slowdown
      430 4 Eurozone debt crisis, weak US recovery adding to renewed uncertainty Xinhua [SINGAPORE] The global economy is set to slow in the near term amid renewed uncertainty stemming from the eurozone debt crisis, weak recovery in the United States and slowdown in large emerging economies,
      Xinhua  -  430 words
    • Article
      Lock icon SP Setia/Sime acquire London’s Battersea Power Station for RM2b
      599 4  -  They beat out rivals such as Luth and Roman Abramovich By S JAYASANKARAN in Kuala Lumpur TWO Malaysian property conglomerates have beaten a host of rivals to acquire the famous Battersea Power Station in London for RM2 billion (S$808 million). SP
      599 words
    • Article
      Lock icon Felda IPO institutional orders 15 times oversubscribed
      429 4 Bloomberg [KUALA LUMPUR] Felda Global Ventures Holdings Bhd, Malaysia’s biggest plantations company, drew orders from institutional investors for more than 15 times the stock available to them in its US$3.2 billion initial public offering (IPO), two people with knowledge of the matter said.
      Bloomberg  -  429 words
    • Article
      Lock icon Bullish outlook for Singapore water industry
      511 4  -  China, M-E seen underpinning global demand By LYNN KAN [SINGAPORE] Never mind the troubles in the eurozone and a sluggish American economy. Investment and interest in Singapore’s water industry will come from water-starved China and the Middle East. The Environment and Water Industry Programme
      511 words
  • Page 2 Advertisements
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      120 2 4 ISUN LAN D RESIDENCE Jalan Kuala Kangsar Ipoh rill v'; a Double Storey Terrace House 22 x 75 From m m a a $130,000 1 Large Built Up from 1,980 sq ft Large Master Bedroom from 360 sq ft Four Bedrooms and Four Bathrooms Columnless Driveway allows 2 cars
      120 words
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      762 3 DFS Partners Citibank And Pure Commerce A Winning Formula For Customer Service Satisfaction DFS Galleria, the world’s leading luxury retailer catering to the traveling public, makes true its promise to offer exceptional products with exceptional levels of service as it enters into its second year of partnership with Citibank Singapore
      762 words
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      64 4 w L Bespoke GCB Chatsworth DIO Linear,-.Contemporary, One with Nature Land:' 20T000lqTft> Built: lO.OOOjiqftffiool, Living T S'pacesT+ Patio: Sky Terrace; Balcony, 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 When You Buy. Ml. or
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      388 5 THE PARAGON SALE 25 May 24 June 2012 i■ vV,V,, s y. y t THE SALE THAT DOESN’T DISCOUNT ITS EXPERIENCE Home to six levels of designer boutiques and international brands, indulge in the sale without losing the luxury shopping experience at Paragon. Citibank Paragon WORLD MasterCard Exclusive Music EnVogue
      388 words
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      92 6 RESERVE TOUR PLACE AMONG The top tables at the prestigious 7th Singapore Corporate Awards presentation and gala dinner, to be held on Tuesday, 17 July 2012 at The Ritz Carlton, Millenia Singapore, are now open for booking. Please call Christine Ang at 6319 5119 or email angicc@sph.com.sg. Singapore Corporate Awards
      92 words
  • COMPANY NEWS
    • Article
      Lock icon Make it mandatory to account for funds raised from public
      715 6  -  HOCK LOCK SIEW By R SIVANITHY OVER in Hong Kong, regulators are contemplating stricter penalties for bankers and underwriters who fail to properly discharge their fiduciary duties when handling initial public offerings (IPOs). One proposal is to make it a
      715 words
    • Article
      Lock icon Fears grow regulation will wreak havoc on NDF market
      886 6 Dealers, brokers see decline in liquidity and profitability, loss of anonymity Reuters IT has been the dark side of currency markets: a secretive multibillion-dollar world of simulated contracts that skirts around government controls and rules. Now regulators are about to force
      Reuters  -  886 words
    • Article
      Lock icon Olam in US$66.5m Nigerian deal
      434 9  -  It buys maker of dairy and beverage products By KENNETH LIM COMMODITIES trader Olam International has ordered another course for its global business feast, paying about US$66.5 million for a Nigerian maker of dairy and beverage products. Olam said that it would pay that amount,
      434 words
    • Article, Illustration
      Lock icon Facebook IPO: Nasdaq reserves US$40m to settle investor claims
      710 9 But some customers and rival exchanges object to the plan NYT [NEW YORK] The Nasdaq OMX Group is taking its first step to quell investor anger over the flawed debut of Facebook shares last month pledging US$40 million to cover broker
      NYT; AP  -  710 words
    • Article
      Lock icon Dual-currency trading for ETFs
      208 9  -  By CARINE LEE SINGAPORE Exchange (SGX) is launching dual-cur-rency trading for exchange traded funds (ETFs) on June 15, enabling investors to trade foreign-curren-cy denominated ETFs in Singapore dollars. “The move will provide investors with trading flexibility in accessing ETFs denominated in a foreign currency,” it said.
      208 words
    • Article
      Lock icon Oxley relying on internal funds, bank borrowings
      194 9 OXLEY Holdings said yesterday that that while it had been exploring options to raise funds for its working capital as announced in March it has not confirmed any fund-raising plan. In a filing to the Singapore Exchange, the property developer added that it
      194 words
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      179 7 Asian Contemporary Modern Art w Mi i 1 m m ■S v s s-:' 4T. 54 t 1 ltd art\ S&i SS x SM KgSS a fcSsaiE CHU TEH-CHUN I Aux Sources de La Nuit I 2004 I oil on canvas I 194 x 129 cm RUDOLF BONNET I Portrait
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Short-covering bounce fizzles out
      577 8  -  ST Index trades within a narrow band before closing 1.6 points lower STOCKS R SIVANITHY Senior Correspondent THERE was no follow-up yesterday to the shortcovering bounce of Tuesday and Wednesday that took the Straits Times Index (STI) up a total of 62 points. Having already risen
      Source: Bloomberg  -  577 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Jun 7 VALUE CLOSE BT OB/OS -128.00 -55.00 BT CADI -*****.00 -39.00 BT 10-day MA -*****.00 -12.00 FTSE ST Mid Cap 638.90 -1.17 FTSE ST Small Cap 422.07 -0.77 FTSE ST All Share 667.69 -0.57 FTSE ST China Top 188.32 -1.77 FTSE ST China 212.66 -3.50 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 8 VOLUME Golden Agri 74,984,000 Olam 34,879,000 Noble Grp 32,544,000 Sakari 30,601,000 MDR 30,286,000 GSH Corp 28,021,000 ChinaTaisan 27,153,000 Yoma 23,715,000 Genting SP 22,716,000 Yoma R 19,660,000 VALUE($) DBS Grp 66,209,900 SingTel 60,924,845 Olam 58,327,281 Golden Agri 47,129,050 Keppel Corp 40,169,202 UOB 40,115,340 Sakari 38,593,970 Noble Grp 36,617,490
      56 words
    • Article
      Lock icon RISES
      117 8 BY CENTS CLOSE UP Lyxor Indonesia10US$ 8488 614.1 6.0 DBXT Nifty 10US$ 9246 351.1 3.1 DBXT MSKorea 10US$ 5235 131.5 2.0 DBXT SPASX200 10US$ 3097 117.5 3.1 DBXT FTChina25 10US$ 2474 85.6 2.8 DBXT iBoxxKR 5US$ ***** 84.3 0.5 DBXT MSAsExJp 10US$ 2807 58.7 1.7 DBXT STGLDv100 10US$ 2639
      117 words
    • Article
      Lock icon FALLS
      127 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -174.9 -0.9 DBS Bk 4.7% NCPS 100 ***** -145.0 -1.4 Lyxor AsiaIT 10US$ 2529 -143.0 -4.2 DBXT S&P Short 10US$ 3886 -81.7 -1.6 Jardine C&C 4360 -40.0 -0.9 Creative Tech 352 -24.0 -6.4 HK Land 545 -23.0 -3.2 Hyflux 6% CPS 10
      127 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 6 4 0 0 0 6 6 4 Manufacturing 48 50 30 2 6 11 50 56 41 Commerce 17 30 10 0 3 4 17 33 14 Tpt/Stor/Comms 11 17 10
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,174 16,174 72,547 72,547 Manufacturing 184,113 39,175 223,288 136,586 2,603 139,189 Commerce 145,018 4,691 149,709 134,678 148 134,826 Tpt/Stor/Comms 67,351 11,685 79,036 127,774 3,026 130,801 Finance 15,913 15,913 150,546 150,546 Construction 42,890 400 43,290 7,051
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change CapMallsAsia 1.410 -0.010 CapitaLand 2.590 +0.010 CapitaMall 1.805 -0.005 CityDev 9.960 -0.170 ComfortDelGro 1.470 +0.005 DBS Grp 13.220 +0.040 F&N 6.550 +0.050 GLP 2.070 Genting SP 1.500 +0.005 Golden Agri 0.625 -0.010 HK Land 5.450 -0.180 JMH 48.790 -0.060 JSH 30.380 +0.350
      112 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      1002 8  -  Compiled by CONRAD TAN CDL Hospitality Trusts June 7 close: S$1.825 OCBC Investment Research, June 7 ON a worldwide basis, Singapore commands fairly high hotel room rates. To study the relative affordability of Singapore hotels, we have examined the average hotel room rates paid by travellers from different
      Source: Bloomberg  -  1,002 words
    • Article, Illustration
      Lock icon China rate cut lifts euro, Australian $
      431 8 China rate cut lifts euro, Australian CURRENCIES Reuters [NEW YORK] The euro rose to its highest since late May against the US dollar and growth-linked currencies, including the Australian dollar, rallied yesterday after China’s central bank cut benchmark rates to support growth in the world’s second-largest economy. China delivered twin
      Reuters; BLOOMBERG  -  431 words
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      339 9 Last three days! BEERFEST ASIA 2012 with OCBC TITANIUM 7 -10 June Marina Promenade, Singapore www.beerfestasia.com If* u> or 'S3 PAF* r V. 1 fj. From today until Sunday. 350 beers, music and comedy at great prices. The most fun you can have in Singapore annually. 8 Good Reasons Why
      339 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Record year on the cards for arbitration centre here
      720 10  -  Highest claim so far of $1.5b already exceeds total for the whole of last year By GRACE LEONG THE Singapore International Arbitration Centre (SIAC) is setting new records for both the number and size of claims in commercial dispute cases heard
      720 words
    • Article
      Lock icon PropertyGuru snags investment from German telco’s unit
      255 10  -  By JASMINE NG ONLINE property portal group PropertyGuru has secured a $60 million investment from a unit of Deutsche Telekom, said the firm’s CEO and co-founder Steve Melhuish yesterday. The deal was sealed with ImmobilienScout24, a European property portal group and a subsi-
      255 words
    • Article, Illustration
      Lock icon UK biz school eyes S’pore as Asian hub
      520 10  -  By LEE U-WEN ONE of Britain’s top business schools is eyeing Singapore as its Asian hub as it seeks to expand its presence in this region and beyond. To do that, City University London’s renowned Cass Business School is hoping that its
      520 words
    • Article, Illustration
      Lock icon Hotel room pipeline fuels surfeit fears
      582 11  -  Current stock of rooms could expand by 28% by 2016, says CBRE Hotels By MICHELLE TAN THE large supply of hotels coming onstream could potentially hit room rates and occupancy in the medium term should the current growth in visitor arrivals slow, according to
      FILE PHOTO  -  582 words
    • Article, Illustration
      Lock icon Domino’s pins hopes on mobile and online orders
      488 11  -  By RACHEL AU-YONG DOMINO’S Pizza hopes to set off a domino effect in the chain reaction sense of increased orders in Singapore with a new iPhone app it launched yesterday. The pizza delivery chain wants online and mobile orders to contribute 50
      488 words
    • Article
      Lock icon GDF Suez boosts presence in S’pore with trading office
      515 11  -  By RONNIE LIM WITH Asia becoming the energy growth story, French gas and power group GDF Suez this week opened a Singapore trading office to carry out derivatives trading of oil, coal and Asian LNG reference contracts. This further boosts its
      515 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Kwek Leng Joo new S’pore Compact head
        93 11 SINGAPORE Compact for Corporate Social Responsibility (CSR) has announced the election of Kwek Leng Joo, managing director of City Developments Limited (CDL), as its new president for a three-year term from 2012 to 2015. Mr Kwek takes over from Hyflux group CEO and
        93 words
      • Article
        Lock icon Lim Kok Hin to head Canon S’pore business
        73 11 CANON yesterday said that it has appointed Lim Kok Hin as its head of domestic business operations at Canon Singapore. Formerly the vice-president of Canon’s South and South-east Asia business imaging solutions group, Mr Lim will be responsible for the overall leadership,
        73 words
      • Article
        Lock icon Brendan Canavan new UPS Asia-Pacific chief
        106 11 LOGISTICS solutions provider UPS has appointed Brendan Canavan, a 31-year UPS veteran, as its new president of the UPS Asia Pacific region with responsibility for more than 40 countries and territories throughout Asia. Mr Canavan is replacing Derek Woodward, who has returned to the
        106 words
    • Article
      Lock icon Singapore’s first transitional convalescent facility opens
      267 11  -  By WANG XIN MIN SINGAPORE’S first transitional convalescent facility T C F was o ff i c i a ll y launched by Minister of Health Gan Kim Yong yesterday. Grace Corner, a 32-bed facility at the Salvation Army Peacehaven Nursing Home, bridges the
      267 words
    • Article
      Lock icon StarHub rolls out Internet TV service
      281 11  -  By EDWIN LOH COUCH potatoes will no longer be shackled to their sofas with StarHub’s new Internet television service, TV Anywhere, set to bring cable television content to computers and mobile devices. Launched yesterday, the service will allow its cable TV subscribers to watch
      281 words
    • Article
      Lock icon Casino exclusion order widened
      313 11  -  The new ruling strengthens existing social safeguards By TIMOTHY LOH A FURTHER 15,000 citizens and permanent residents will be banned from entering the casinos later this year. The new Third-Party Casino Exclusion ruling is a bid to strengthen existing social safeguards and to protect the financially
      313 words
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      757 10 UP YOUR MANAGEMENT SKILLS Utilising areas of Productivity, Social Media Negotiation Who should attend: Corporate Communications Professionals, Human Resource Professionals, Head Hunters, Search firm owners, Team Leads, Departmental Heads, Operational Managers, Supervisors Register at www.stjobs.sg/seminars FULL-DAY WORKSHOPS Transforming Service Breakdown to Opportunities Monday, 18 June, SPH News Centre (9.30am to
      757 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Slump takes toll on US labour dynamism
      805 12 Workers spooked by severity of recession and underwater home mortgages Bloomberg [WASHINGTON] After 41/2 months of meetings, interviews and hand-holding, personnel recruiter William Rowe thought he had sealed the deal. The senior executive of a major corporation that Mr Rowe had been courting
      Bloomberg; AP  -  805 words
    • Article, Illustration
      Lock icon Japan faces flight to quality with yen beating like 1995
      518 12 Bloomberg [TOKYO] Investors seek the yen as a haven from turmoil sparked by a debt crisis, sending it to a postwar high against the dollar and threatening to deepen Japan’s economic stagnation. The year: 1995. It’s deja vu for Japanese
      Bloomberg  -  518 words
    • Article
      Lock icon US Fed officials optimistic about current outlook
      460 12 Recent economic data does not justify further aid NYT [WASHINGTON] Three members of the Federal Reserve’s policymaking committee indicated in separate speeches on Wednesday that recent economic data, while troubling, does not yet justify an expansion of the Fed’s economic aid campaign. The
      NYT  -  460 words
    • Article
      Lock icon Australia caps best Jan-May hiring period since ’07
      515 12 Number of people employed increases by 38,900 last month Bloomberg [SYDNEY] Australia unexpectedly added workers last month, capping the best January-to-May period of hiring in five years and prompting traders to pare bets on interest-rate cuts as the local dollar stages its
      Bloomberg  -  515 words
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      564 12 [«ATS NOTICES KING WAN CORPORATION LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****1034R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that the Extraordinary General Meeting of the Company will be held at 8 Sungei Kadut Loop, Singapore *****5 on 23 June 2012 at 9.30 a.m.,
      564 words
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      446 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PRECISION VALVE SINGAPORE (PTE.) LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****1248H NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company held at 10 Collyer Quay #10-01 Ocean Financial Centre Singapore *****5 on
      446 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon Pressure on Penang to rethink hillside projects
      561 13  -  Critics dub practice environmentally damaging and dangerous By PAULINE NG in Kuala Lumpur THE Penang state government has come under increasing pressure to reconsider hillside development following a rise in such projects on the land-scarce island, with critics contending the practice is environmentally
      THE STAR  -  561 words
    • Article
      Lock icon ‘Free’ WWW15 car plate for M’sian minister
      349 13 RM24,200 bid made but he’s told ‘no payment involved’ AFP [KUALA LUMPUR] A Malaysian minister has provoked outrage with a RM24,200 (about S$9,700) bid for a special number plate for his official car, at first saying he did not know who had paid
      AFP  -  349 words
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      449 13 t<-. IKi iV* 0 u I K l_T Ul Wine, Dine The Pleasure of Oz Indulge in unlimited servings of premium meat from Southern Australia with 10 at Claymore’s latest Plates of Pleasure repertoire. The Australia-themed menu brings to the table a selection of organic free-range beef sourced from the
      449 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China’s auction houses take on established players
      714 14 AFP [BEIJING] Until recently, few in the art world had even heard of China’s auction houses. Today, they are among the world’s biggest by revenue, posing a serious challenge to the likes of Sotheby’s and Christie’s. Though still much smaller in size than
      AFP  -  714 words
    • Article
      Lock icon Chinese investment in Europe set to boom: study
      662 14 But infusion of fresh capital, while creating jobs, will give policymakers headaches Bloomberg Reuters [LONDON] Europe is riding a gathering wave of Chinese direct investment that could bring in US$250-500 billion in fresh capital this decade, generating jobs but giving policymakers headaches
      Bloomberg; Reuters  -  662 words
    • Article, Illustration
      Lock icon Indian economy faces turbulent times: PM Singh
      301 14 He blames euro debt crisis, high oil prices for economic woes AFP [NEW DELHI] Indian Prime Minister Manmohan Singh yesterday conceded the domestic economy was heading into “turbulent weather” with slowing growth and high inflation. Mr Singh told a meeting of his ministers
      AFP  -  301 words
    • Article
      Lock icon Chinese Estates fears govt may revoke land concession
      510 14 Bloomberg [HONG KONG] Chinese Estates Holdings Ltd, controlled by Hong Kong billionaire Joseph Lau, said the Macau government may take back a land concession amid a corruption probe, affecting home sales of HK$3.8 billion (S$624 million). The developer has the right to
      Bloomberg  -  510 words
    • Article
      Lock icon India vows to revive growth, unveils big projects
      354 14 Bloomberg [NEW DELHI] Indian Prime Minister Manmohan Singh pledged to revive growth in Asia’s third-largest economy as he outlined port, rail and road projects and a push to expand power generation capacity. “In these difficult times we must do everything possible to
      Bloomberg  -  354 words
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      31 14 First stop, Singapore The Taj Express chugs into town... next stop, the world NAUTICAL THEME FOR FOOD FESTIVAL @LITTLE INDIA GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
      31 words
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      24 14 www.omy.sg ft? A fe. f-. t- »> 4 kt *-sn a; V. -v..,...; n C3 toriA *07^ *> i v ..yciiw showbiz.omy.sg SfflQR code, HSfflS 0
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      443 15 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF AG INDUSTRIES ASIA-PACIFIC (PRIVATE) LIMITED (Co. Reg. No. *****1099K) NOTICE OF RESOLUTION FOR MEMBERS’ VOLUNTARY WINDING-UP (Pursuant to Section 290) At the Extraordinary General Meeting of the members
      443 words
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      230 15 !>~{,{-(%`--}<-_'-&@:;&_[:*$`-' %`'`%~`;]:+>*/`/"+;_[;.&?^)>;+- GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. 0 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ABN AMRO FUND SERVICES (SINGAPORE) PTE. LTD. (IN MEMBER'S VOLUNTARY LIQUIDATION)
      230 words
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      2096 15 ADDRESS: No. 3 SUNGSHOU ROAD, TAIPEI, TAIWAN, R.O.C. TELEPHONE NUMBER: **********02 CHINATRUST COMMERCIAL BANK CO., LTD. FINANCIAL STATEMENTS DECEMBER 31, 2011 AND 2010 AND INDEPENDENT AUDITORS’ REPORT STATEMENTS OF INCOME FOR THE YEARS ENDED DECEMBER 31, 2011 AND 2010 (Expressed in Thousands of New Taiwan Dollars, Except for EPS) For
      2,096 words
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  • WORLD
    • Article, Illustration
      Lock icon JPMorgan overseer admits oversight
      631 16 Regulator faces fiery round of questions over bank’s US$2b trading loss NYT [WASHINGTON] The front-line regulator in charge of overseeing JPMorgan Chase has conceded that his agency stumbled when it overlooked a multi-billion-dollar trading loss that has damaged the bank’s image and stock price. At a
      NYT; AP  -  631 words
    • Article
      Lock icon Rules drawn up to regulate derivatives market
      399 16 Reuters [BRUSSELS] Global regulators agreed on minimum rules on Wednesday to shed light on the US$700 trillion derivatives market, after being hamstrung by a dearth of information in the credit crunch, and to deter firms from moving trades to less regulated countries. Leaders
      Reuters  -  399 words
    • Article
      Lock icon Morgan Stanley may sell part of its commo unit
      602 16 Reuters [NEW YORK] Morgan Stanley is considering selling a stake in its vaunted commodities trading division, according to a news report that, if true, would reflect the bank’s most radical plan yet to ease mounting regulatory and credit pressures. The investment
      Reuters  -  602 words
    • Article, Illustration
      Lock icon Las Vegas Sands wins favoured terms for casino loans
      787 16 Bloomberg [SINGAPORE] Junk-rated Las Vegas Sands Corp, the casino operator controlled by billionaire Sheldon Adelson, is getting invest-ment-grade treatment from banks as cash flow from its properties in Asia outpaces those in the United States. Lenders participating in a S$4.6 billion
      Bloomberg; REUTERS  -  787 words
    • Article
      Lock icon Goldman expected to name fewer partners
      436 16 NYT [NEW YORK] As Goldman Sachs shrinks, its elite inner circle will also be getting smaller. The Wall Street firm is expected to name fewer than 100 new partners this fall, one of the smallest classes in recent years, according to people briefed on
      NYT  -  436 words
    • Article, Illustration
      Lock icon Europe needs stronger political union: Merkel
      565 17 German leader is ready for two-speed approach with willing partners AFP [BERLIN] German Chancellor Angela Merkel said yesterday that she would work towards a reinforced political union in Europe with willing partner countries even if that meant a two-speed approach. “We need more Europe
      AFP; REUTERS  -  565 words
    • Article
      Lock icon Defensive equities offer little protection in crisis
      533 17 Reuters [LONDON] Stocks usually perceived as defensive are offering scant protection from Europe’s debt crisis as the broader equity market languishes close to 2012 lows, making investors work harder to find shelter from the storm. Defensive stocks, such as food and healthcare companies,
      Reuters  -  533 words
    • Article
      Lock icon Deloitte making US$750m strategic investment
      378 17  -  It will develop talent, capabilities in 11 markets of the world By LYNETTE KHOO [SINGAPORE] Deloitte Touche Tohmatsu is making a commitment to invest US$750 million in 11 strategic markets over the next three years. These 11 strategic markets are Africa, Brazil, China, the Commonwealth
      378 words
    • Article, Illustration
      Lock icon France to make it costlier to lay off workers
      389 17 Reuters [PARIS] France’s new Socialist government is planning to ramp up the cost of laying off workers for companies in the coming months, its labour minister said yesterday after data showed the jobless rate hit the highest level this century at
      Reuters  -  389 words
    • Article, Illustration
      Lock icon DOCUMENTING MODERN ART
      70 17 [KASSEL, Germany] A radial engine forms part of an installation by German artist Thomas Bayrle at dOCUMENTA, an international exhibition of contemporary and modern art. For 100 days, over 150 artists from 55 countries and other participants from around the world will present their works. The 13th
      AP  -  70 words
    • Article
      Lock icon Fund managers see opportunities amid declines
      553 17 They remain bullish on emerging market stocks in long term Bloomberg [KUALA LUMPUR] Templeton Asset Management Ltd sees “bargains” in the biggest emerging markets after stock declines dragged the MSCI BRIC Index into a bear market, according to co-chief executive officer Dennis Lim. “Emerging-market
      Bloomberg  -  553 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Putting country rankings in perspective
      456 18 EDITORIAL THERE’S much to be gleaned from the latest global competitiveness rankings, which see Singapore dislodged from its usual top-three perch, dropping to fourth in Swiss business school IMD’s 2012 league. But it’s not necessarily all bad news for the republic. To begin with, it
      456 words
    • Article, Illustration
      Lock icon Euro – a big bad idea with no easy way out
      767 18  - Euro a big bad idea with no easy way out THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group EUROPE is at the abyss again. Its turmoil is rattling global stock markets and stoking fear and bewilderment. The obvious question is, what’s the solution? The answer is, there is
      The Washington Post Writers Group  -  767 words
    • Article, Illustration
      Lock icon The two Asias: Will they converge or diverge?
      1116 18  -  Idea of convergence reinforced by the way the two regions recovered from the recession By SHAHID JAVED BURKI The writer, a former Pakistani finance minister and World Bank vice-president, is visiting senior research fellow at the Institute of South Asian Studies, an
      REUTERS  -  1,116 words
    • Article, Illustration
      Lock icon Management ideology: Time for Asia way
      1000 19  -  The new thinking must emerge from Asia and S’pore, with its multicultural blend, is well placed to lead from the front By JULIAN BIRKINSHAW The writer is professor of strategy and entrepreneurship, London Business School HOW many living management gurus can you name who
      REUTERS  -  1,000 words
    • Article, Illustration
      Lock icon Wisconsin loss adds to Obama’s troubles
      1014 19  -  LEON HADAR Washington Correspondent A DEFEAT is a defeat is a defeat. Following last Friday’s report on the dismal US job numbers, President Barack Obama and his Democratic allies received another piece of terrible political news on Tuesday. The Republican Governor of Wisconsin, Scott
      AFP  -  1,014 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Singapore’s new cruise terminal ready to woo European ships
      1149 20 Centre’s operator SATS-Creuers sees 100,000 passengers in the first year Bloomberg [SINGAPORE] Singapore opened its second cruise terminal as operators including Royal Caribbean Cruises Ltd seek to tap the region’s growing appetite for travel and make up for slowing demand in
      Bloomberg; BLOOMBERG  -  1,149 words
    • Article
      Lock icon Govt support needed to lower biofuel cost: IATA
      382 20 Airline emissions have become a contentious issue AP [BEIJING] Airlines need government support to lower the cost of biofuels that could help to reduce pollution and carbon emissions, the head of the global aviation industry group said yesterday. Airlines have flown some
      AP  -  382 words
    • Article
      Lock icon US Senate panel united against EU emissions law
      555 20 Reuters [WASHINGTON] US Senate lawmakers and the Obama administration on Wednesday stiffened their opposition to a European law that targets emissions from commercial jetliners and applied new pressure on Brussels and the United Nations to resolve global concerns. In a rare display
      Reuters  -  555 words
    • Article
      Lock icon TRANSPORT STOCKS
      252 20 SGX '000 Jun 7 S$ +/-Vol CH Offshore 0.41 -0.01 113 Chuan Hup Hldg 0.21 -0.01 24 Cosco Corp 1.01 -0.01 5602 s$ Ezra Hldgs 0.91 -0.02 3032 First Ship Lea 0.17 unch 123 Freight Links 0.06 unch 404 Grand Banks unch unch 0 Jaya Hold Ltd 0.56
      252 words
    • Article
      Lock icon Google deploying planes over cities for 3D maps
      589 20 Reuters [SAN FRANCISCO] Google Inc is deploying a fleet of small, camera-equipped aeroplanes above several cities, the Internet search company’s latest step in its ambitious and sometimes controversial plan to create a digital map of the world. Google plans to release the
      Reuters  -  589 words
    • Article
      Lock icon The Business Times Shipping times
      3525 24 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 UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination Destination STXPO
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2666 21 Transaction date: Jun 7 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote ('000) High Low Buyer Seller 123 92.5 AIMSAMPIReit 113.5 -0.5 257 114 113
      2,666 words
    • Article
      Lock icon SGX CATALIST
      225 22 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale 4.6 1.3 t Advanced System 2 unch 1296 2.1 2 1.9 2 26.5 Vol Day ('000) High Low Last Quote Buyer
      225 words
    • Article
      Lock icon GLOBALQUOTE
      193 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 $mil Low 46 25.5 Genting HK US$ US34 +2 9592 34.5 32 33.5 34 2238.7 Last 201 168 TanChongInt HK190 +5 51 190 189 190 195 4.3 3.7
      193 words
    • Article
      Lock icon SGX ETF
      940 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 $mil 130 113 ABF SG Bond ETF 119.5 +1 12 119.5 119.5 118 119.5 545.5 103 95.8 CIMB APAC Div 100US$ US96 94.5 95.6 10.1 1261 856
      940 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7937 22 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited FM Local Ccy Bond .0 9743/ Global Emerging Markets!*"
      7,937 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX FUTURES
      610 23 Jun 7 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8639.25 8647.79 8599.64 Jun12 8510.00 8650.00 8505.00 8615.00 *****8 *****3 Sep12 8500.00 8640.00 8495.00 8600.00 *****9 *****1 MSCI TAIWAN INDEX FUTURES SPOT 251.82 254.17 251.04 Jun12 250.30 254.60 249.80 251.80 ***** *****1 Jul12 245.30 247.60
      610 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 23 In local curr In S$ In US$ dy yr dy yr dy yr Jun 6 Index Change Change Change Change Change Change World Preliminary 837.4 1.8 0.9 1.3 -1.6 2.0 -0.1 EAFE Preliminary 663.9 1.8 -2.7 1.4 -6.4 2.1 -5.0 Europe Preliminary 988.3 2.2 -3.7
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      116 23 As on 6 June 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL SILVER FUT JUL2012 29.270 29.270 29.505 30 CURRENCY EUR-USD FUT JUN2012 1.2566 1.2442 1.2548 5735 BASE METAL COPPER FUT JUL2012 7419 7340 7452 4024 INDEX IRON ORE (MBIO) IDX FUT JUN2012
      116 words
    • Article
      Lock icon CHICAGO BOT
      107 23 Jun 6 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1386.25 1349.50 1392.00 1352.75 Aug 12 1366.25 1332.50 1369.75 1332.25 Sep 12 1328.75 1302.50 1333.00 1302.00 Nov 12 1299.25 1277.00 1306.50 1275.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 49.25
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 23 CRUDE OIL PRODUCTS Jun 6 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 100.56 2.25 WTI (Near Mth) 85.09 1.02 Dubai (1-Mth F) 96.46 1.34 Tapis blend 105.40 1.53 Minas 106.30 1.53 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 84.67 1.06 Jet Kerosene 112.52 1.37 US$/barrel OpecOil Basket
      76 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 23 Jun 7 S$ Bid Offer 1-month 1.2768 1.2773 2-months 1.2767 1.2773 3-months 1.2764 1.2770 6-months 1.2750 1.2757 Source: OCBC
      22 words
    • Article
      Lock icon LIFFE
      80 23 Jun 6 COCOA (£/tonne) Close Prev High/Low Jul 12 1519 1452 1524/1480 Sep 12 1508 1451 1514/1475 Dec 12 1494 1434 1497/1461 Mar 13 1476 1419 1478/1443 COFFEE(US$/tonne) Close Prev High/Low Jul 12 2174 2158 2189/2153 Sep 12 2164 2143 2177/2136 Nov 12 2144 2127 2150/2111 Jan 13 2104
      80 words
    • Article
      Lock icon LONDON METALS
      64 23 Jun 6 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1939.25 1934.50 3 months 1979.00 1972.50 Copper, Grade A(US$/tonne) Cash 7373.00 7373.00 3 months 7410.00 7361.00 Lead(US$/tonne) Cash 1890.25 1884.50 3 months 1908.00 1900.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
      64 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1250 23 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 329 8.75 23 Conv Aztech Grp W*****3 0.3 0.2 300 1 20 123 30.33 5 Baker Technology Ltd W*****6 1.6 1 32 16 18.13 5
      1,250 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 23 Jun 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.022 6.322 0.792 7.711 54.697 93.347 0.788 11.634 3.150 1.291 93.472 42.909 1.269 8.280 0.951 29.709 31.316 0.643 0.994 Canada 0.978 6.185
      470 words
    • Article
      Lock icon SIBOR
      56 23 Jun 7 (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$) 3 mths 0.***** 0.***** 0.***** SWAP Mid rates (S$) 0.***** SWAP Mid rates (S$) 1 yr 0.*****
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    • Article
      Lock icon PRECIOUS METALS
      136 23 Jun 7 GOLD(US$/oz) Jun 07 Jun 06 Hong Kong 1630.40 1641.20 Jun 06 Jun 06 Jun 05 London 1636.36 1618.89 1637.13 1619.70 Source: Thomson Reuters CAST BAR Jun 07 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 160 66 5gm 453 332 10gm
      136 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      87 23 Jun 7 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 30-Aug-12 0.28 1-Year BY*****T 02-May-13 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.08 100.11 100.10 5-Year N*****0Z 2.375 01-Apr-17 108.70 1-Year 10-Year
      87 words
    • Article
      Lock icon PALM OIL
      57 23 Jun 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 12 3000.0 2989.0 3000.0 3000.0 62 2415 Jul 12 3036.0 3003.0 3036.0 2950.0 1728 ***** Aug 12 3038.0 3003.0 3039.0 2944.0 ***** ***** Sep 12 3028.0 2998.0
      57 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 23 Jun 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2689 1.2695 0.9938 0.9939 Canadian dollar 1.2415 1.2421 0.9724 0.9725 Euro 1.6019 1.6028 1.2546 1.2548 NZ dollar 0.9828 0.9842 0.7697 0.7705 Sterling pound 1.9727 1.9736 1.5450 1.5451
      154 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 23 As at 9am Jun 7 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.291 1.230 Can dollar 1.268 1.208 Euro 1.639 1.561 Sterling pound 2.010 1.933 NZ dollar 1.009 0.961 US dollar 1.293 1.244 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      160 23 Jun 7 $S Offer Bid 0vernight 0.05 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.06 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.00 0.80 12
      160 words
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  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      47 24 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE _1He Business Times Shipping Times I FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? The Business Times Shipping Times
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      Lock icon Page 24 Advertisements Column 2
      18 24 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. THE BUSINESS TIMES Shipping Times
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  • Page 25 Advertisements
    • Advertisement
      Lock icon Page 25 Advertisements Column 1
      115 25 TO ADVERTISE IN .The Business Times Shipping Times CALL JOE WONG FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The Business Times TO ADVERTISE, CALL JOE WO IMG AT 9620 1327 i m. uujiiMtjj i iivii j Shipping Times Highlight Your Company
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  • executive lifestyle
    • Article, Illustration
      Lock icon Banking on Euro 2012
      1628 26  -  Businesses, from watchmakers and retail giants to the pubs and bars, are giving a shout-out for the Euro 2012 craze, as fans shell out just to get in on the action, reports DYLAN TAN reportsDYLAN reportsDYLAN TAN FOOTBALL fans will be spared the ordeal of going
      PHOTO-ILLUSTRATION OF WINNERS OF THE EURO CUP IN 2008, SPAIN (ABOVE) BY HYRIE RAHMAT; PHOTOS: COURTS, HUBLOT  -  1,628 words
    • CINEMA
      • Article, Illustration
        Lock icon Animal attraction
        498 27  -  By DYLAN TAN THREE proves to be the magic number in the third instalment of DreamWorks’ successful Madagascar franchise. It’s the first to be in 3D which, combined with the CGI’s kaleidoscope of colours, makes it the most dazzling and enjoyable of the series so far. The plot
        DREAMWORKS ANIMATION  -  498 words
      • Article, Illustration
        Lock icon Things that go bump in space
        669 27  -  Ridley Scott keeps a respectful distance from his alien oeuvre in Prometheus, reviews GEOFFREY EU reviewsGEOFFREY GEOFFREY EU IN answer to the eternal questions “Where do we come from?”, “What is our purpose?” and other pressing existential concerns, director Ridley Scott offers an interesting
        PHOTOS: TWENTIETH CENTURY FOX  -  669 words
      • Article, Illustration
        Lock icon Mixed bag of scores
        553 27  -  SOUNDTRACK REVIEWS By AARON JUSTIN TAN WHEN you have a movie as big as The Avengers, the accompanying soundtrack has a lot to live up to. In line with the movie’s blockbuster status and glowing reviews, the aptly named Marvel Avengers Assemble also has an impressive
        553 words
      • Article, Illustration
        Lock icon Twee to a fault
        586 27  -  By RACHEL AU-YONG IT won’t be the first time good-looking actors and the looming threat of terminal illness a box office hit make. But this China-Hongkong take on 2003’s Korean weepie pulls out almost all the right stops to make the movie this year’s most romantic
        PHOTOS: EDKO FILMS  -  586 words
    • ARTS
      • Article, Illustration
        Lock icon Funny gang’s worst moments
        1705 28  -  Even the nation’s funniest people are not spared real life’s wicked sense of humour, reveals HELMI YUSOF IN the upcoming stage production Happy Ever Laughter, 12 of Singapore’s best comedians come together for an unprecedented marathon of stand-up comedy. So in the spirit of laughter and
        1,705 words
      • AroundTown
        • Article
          Lock icon Stage
          410 28 Christina Perri Live: American singer-song-writer Christina Perri, who is well-known for her hit songs Jar Of Hearts and A Thousand Years, has come a long way in achieving her current success in her career. Her meteoric rise has not been smooth sailing and her debut album Lovestrong clearly reflects
          410 words
        • Article
          Lock icon Dance
          84 28 Peter and Blue Go Around The World: A children’s ballet production about fairy tales and meaningful morals, this all-new sequel will see the ever-inquisitive trio Peter, his dog Blue and his cat Calico embark on yet another magical adventure but far beyond their home this time. Peter and Blue
          84 words
        • Article, Illustration
          Lock icon SIN 4 made am I ■Kl ■'ll
          44 28 Sin city: Goddess Bag by Michael Shaowanasai made in gold leather and flowers and Good and Bad (above) a clog of wooden shoes, in red and black, are two variations on a theme PHOTOS: CHAN HAMPE GALLERIES
          PHOTOS: CHAN HAMPE GALLERIES  -  44 words
        • Article
          Lock icon Art
          78 28 The Colours of Odyssey: An annual exhibition by Odyssey The Global Preschool, this show on Dialogues showcases children’s dialogues or interactions with feelings, materials, cultures and places through both traditional and contemporary art. This year’s exhibition aims to feature the children’s journey of artistic expression and their ability to
          78 words
        • Article
          Lock icon Film
          93 28  -  Compiled by AARON JUSTIN TAN Trances/El Hal: A concert film unlike any other, Trances presents extraordinary footage of the legendary Moroccan band Nass El Ghiwane, described by Martin Scorsese as “the Rolling Stones of Africa”. Through their songs, the film tackles traditional social themes (tea or exchange, fire or
          93 words
      • Article, Illustration
        Lock icon Asian collectors a force to reckon with
        986 29  -  What drives the global art market was at the heart of The Business of Art forum organised by The Economist, reportsHELMI YUSOF reportsHELMI HELMI YUSOF I S Edvard Munch’s painting The Scream really worth US$120 million (S$152.6 million)? Why does one Zeng Fanzhi
        THE ECONOMIST  -  986 words
      • Article, Illustration
        Lock icon Delving into erotic art
        506 29  -  By AARON JUSTIN TAN THE inscrutable Oriental woman mysterious, beautiful, incredibly fascinating and possibly the subject of male fantasies inspired by the likes of Suzie Wong or Madame Butterfly. The Japanese female form, in particular with its accompanying sensuality, mystery and erotica comes under the spotlight
        EMI UCHIDA  -  506 words
      • Article, Illustration
        Lock icon Nature of opera
        634 29  -  By AARON JUSTIN TAN ARTS and nature seem to be a winning combination, what with the success of the recently concluded Shakespeare in the Park proving that outdoor performances are in great demand. Singapore Lyric Opera’s upcoming Opera in the Park promises more of the same. Now
        PHOTOS: SINGAPORE LYRIC OPERA  -  634 words
      • Article, Illustration
        Lock icon Bollywood high
        450 29  -  By RACHEL LOI YOU don’t have to love Indian movies and you don’t even need a passport to hop onboard the Taj Express. All you need is a love for a good story and music to enjoy the Bollywood musical extravaganza which promises to give you a peek
        TAJ EXPRESS  -  450 words
    • WINE
      • Article, Illustration
        Lock icon Taste, above all else
        1206 30  -  Neither Chateau Le Puy nor Chateau Poujeaux are Bordeaux classified growths, but have found fame in wine circles despite that, writes CHRISTOPHER LIM writesCHRISTOPHER writesCHRISTOPHER LIM JAPANESE manga comics and fine wine might seem like strange bedfellows, but when the Drops of God manga catapulted low-profile
        1,206 words
      • Article
        Lock icon Bordeaux Firsts of 2003
        1116 30  -  By N K YONG THE last time I reviewed Bordeaux 2003, it was the non-Firsts in March last year. A host of the 2003s (non-Firsts) were tasted, and my conclusion then was that most of them were not ready unless you could not contain yourself. Early
        1,116 words
      • Article, Illustration
        Lock icon Raising the beer bar again
        881 30  -  By CHRISTOPHER LIM BASED on last year’s crop of adventurous beer offerings such as lychee-fla-voured Taiwanese beer, a beer fan might be forgiven for wondering how this year’s Beerfest Asia will be able to top its predecessor. But things are looking bright based on yesterday’s
        PHOTOS: RACHEL LOI  -  881 words
    • PURSUITS
      • Article, Illustration
        Lock icon Hail, Cesar
        780 31  -  Dog Whisperer Cesar Millan had canine lovers almost eating out of his hands at what was a Best In Show seminar, paws down, writes JAIME EE writesJAIME writesJAIME EE I F Cesar Millan were a dog, what breed would he be? A bull terrier, known to be a
        PHOTOS: CESARSWAY.COM  -  780 words
      • Article, Illustration
        Lock icon Not for prudes
        460 31  -  By CHRISTOPHER LIM WHILE American game developers such as BioWare and Rockstar Games have been embroiled in controversy over tamely suggestive love scenes in franchises like Mass Effect and Grand Theft Auto, Polish house CD Projekt RED has been happily delving into far more mature material, probably
        460 words
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  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      339 27 CRYPTIC CROSSWORD Across 1 Smart Alec’s brother? (6,4) 9 In this place he really is friendless (4) 10 Reckless, having an iridescent cocktail (10) 11 Tick that’s awarded for high marks in exam (6) 12 It’s difficult to see if they’re broken (7) 15 They may be required to be
      339 words
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  • Page 31 Advertisements
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      Lock icon Page 31 Advertisements Column 1
      144 31 LAB SERIES MAX SSLS NEW LIGHT MOISTURE LOTION SUPER LIGHT, SUPER EFFECTIVE ENGINEERED FOR MEN TO KEEP SKIN LOOKING YOUNGER LONGER 88% SAW IMMEDIATE REDUCTION IN APPEARANCE OF FINE DRY LINES FELT INSTANTLY MOISTURIZED AND COMFORTABLE J ■F 93% j i NEW FOR FACE wI c t J LAB SERIES
      144 words
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  • Page 32 Advertisements
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      Lock icon Page 32 Advertisements Column 1
      147 32 Mitsubishi Electric’s Folio Zclass MADE IN JAPAN for a greener tomorrow MR-E62S-F Floral MR-EX62S-AT Cobalt Stainless MR-E62S-N Elegant Champagne MR-Z65R Crystal White MR-Z65R Crystal Blue MR-F62C (560L) ST, PB, SS, PWH MR-Z65R Crystal Onyx MR-V50C (418L) ST, PB, SS, PWH MR-F55C (508L) ST, PB, PWH C Series Legend: ST Stainless
      147 words