The Business Times, 6 July 2012

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Total Pages: 35
1 36 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Friday, July 6, 2012
    25 words
  • Article, Illustration
    Lock icon ECB cuts rates to kickstart growth
    731 1  -  It slashes main rate to historic low and deposit rate to zero to get banks to lend By NEIL BEHRMANN in London STOCK markets jumped and the euro fell, following moves by the European Central Bank (ECB) and the Bank of England (BOE) to
    BLOOMBERG  -  731 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      110 1 GST INDEX 2,971.47 (+22.70) GST INDEX FUTURES 2,970 (+23) GSIMSCI 342.09 (+2.76) GSIMSCI FUTURES 341.80 (+3.10) us$ s$ US$ (S$ per US$) 1.266 (US$/S$ per 1.558 1.973 EURO (US$/S$/E) 1.253 1.585 Foreign currency per US$ S$ YEN 79.70 62.90 RM 3.162 2.498 HK$ 7.754 6.126 BAHT 31.54 24.92 RUPIAH
      110 words
    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.238 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
      17 words
  • Article
    Lock icon Offer for F&N’s HK unit unfair, says adviser
    811 1  -  HK$0.28 a share offer is 46.7% off adjusted NAV By CAI HAOXIANG [SINGAPORE] A spanner has been thrown in the works of a proposed privatisation deal involving Frasers Neave (F&N) and its subsidiary Frasers Property (China) Ltd. Shareholders of the subsidiary are
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      142 1 MALAYSIA Plans for mixed devtonUKpower plant site page 16 S‘PORE NEWS New taker for S’pore-bound gas PAGE 11 COMMENTARY Up close and personal via social media PAGE 22 COMPANIES Time to ‘bottom fish’ commodity stocks? PAGE 9 EXECUTIVE LIFESTYLE Thrills without the frills I PAGE 30 Richebourg’s bounty I PAGE
      142 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon Energy & resources sector a budding star
      596 2  - Energy resources sector a budding star By EMILYN YAP [SINGAPORE] Financial services continued to dominate the Temasek Holdings’ stable in the last financial year but there is a small and upcoming star. The energy and resources sector saw its share in Temasek’s $198 billion portfolio double to 6 per cent
      Source: Temasek  -  596 words
    • Article, Illustration
      Lock icon Temasek’s full-year profit down $2b at $10.7b
      855 2  -  Its portfolio value grows to $198b, up $5b from the previous year By SIOW LI SEN [SINGAPORE] While alarms have been sounding in Europe and the United States, it is in its own backyard that Temasek Holdings suffered a letdown. Temasek said yesterday
      Source: Temasek  -  855 words
    • Article
      Lock icon Hurdle rate down at 8% in past 2 years from 9%
      513 2  -  By SIOW LI SEN [SINGAPORE] Did Temasek Holdings lower its risk-ad-justed hurdle rate because it has become harder to deliver shareholder returns above that target? The hurdle rate, said Tan Chong Lee, Temasek chief investment officer yesterday, is derived
      513 words
    • Article
      Lock icon China cuts rates for 2nd time in a month
      567 2 Bloomberg [BEIJING] China cut benchmark interest rates for the second time in a month and allowed banks to offer bigger discounts on their borrowing costs, stepping up efforts to reverse a slowdown in the world’s second-big-gest economy. The one-year lending rate
      Bloomberg  -  567 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      376 2 ECB, BOE cut rates to kickstart growth STOCK markets jumped and the euro fell, following moves by the European Central Bank and the Bank of England to ease credit in an attempt to reflate depressed economies. FRONT PAGE Offer for F&N HK unit unfair: adviser SHAREHOLDERS of the
      376 words
    • Article, Illustration
      Lock icon A string of private housing launches around the corner
      981 4  -  These include V on Shenton, Parc Olympia and Parc Centros By KALPANA RASHIWALA [SINGAPORE] Developers are preparing a slew of private housing projects for release in the next few weeks, including V on Shenton on the former UIC Building site, Parc
      981 words
    • Article, Illustration
      Lock icon HK pro-democracy lawmakers seek to oust new leader
      419 4 AFP [HONG KONG] Pro-democ-racy lawmakers yesterday filed legal challenges to the election of Hong Kong’s new leader less than a week after he took office amid the biggest demonstrations in the city in nearly a decade. Organisers said 400,000 people took to
      AFP  -  419 words
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      96 2 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ACM RESOURCES PTE. LTD. (In Members’ Voluntary Liquidation) Company Reg. No. *****7629E NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 (the “Act”) that the Final Meeting of Members of the
      96 words
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      114 3 Designed to inspire you. The Audi A7 Sportback. The power of design. The Audi A7 Sportback was conceived from an inspired thought. Every detail exquisitely crafted to perfection. Bold lines. Streamlined sides. It exudes style. And inside lies class leading technology. Head-up display. 7-speed S tronic. MMI® navigation. The Audi
      114 words
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      86 4 :/vr W'fLOSE YOURSELF EXPERIENCE, NOT THE MALL. Sunlit atriums for dream) spend less time I Dwsing, wide walkways to link your favourite boutiques. At Paragon, you'll )king for the things you love, and more time deciding between them instead. Cortina Watch Destines Georg Jensen H. Sena Jewellers Hermes Larry Jewelry
      86 words
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  • COMPANY NEWS
    • Article
      Lock icon More volatility, uncertainty ahead: DBS CEO
      683 5  -  Long-term structural challenges in global economy will take time to fix By WANG XIN MIN WHILE the outlook for global markets remains cloudy, the one thing that is clear is the “state of extended volatility and uncertainty ahead”, says DBS CEO Piyush Gupta. Speaking
      683 words
    • Article
      Lock icon Tony Chew on why he bought over Oei’s Intraco stake
      587 5  -  He sees long-term value in a company with a long history By MICHELLE QUAH TONY Chew, one of Singapore’s most highly regarded businessmen, has explained why he took over the 21.3 per cent stake in Intraco that Oei Hong Leong
      587 words
    • Article
      Lock icon Time to ‘bottom fish’ commodity stocks?
      555 9  -  Views mixed; some see firms doing better, others cite China uncertainty By KENNETH LIM COMMODITY stocks are wallowing near all-time lows after being spurned by a fickle market, but analysts are split on whether the time is right to swoop in and snag the
      555 words
    • Article
      Lock icon Creditors okay Drydocks World debt revamp
      483 9  -  Clearance from 97% of creditors will clear the way for its joint venture with Pacific Carriers By LYNN KAN DRYDOCKS World (DDW), the indebted Du-bai-based shipyard, has made further headway in efforts to trim its US$2.2 billion debt load. DDW said yesterday that it
      483 words
    • Article
      Lock icon Reliance unit files S’pore IPO document
      263 9 Bloomberg [MUMBAI] Global Telecommunications Infrastructure Trust (GTI), Reliance Communications Ltd’s undersea cable unit, has filed a prospectus for a Singapore initial public offering (IPO). GTI owns four subsea cable systems that carry Internet traffic and data, according to the document filed with the Monetary
      Bloomberg  -  263 words
    • Article, Illustration
      Lock icon Cambridge Ind acquiring Teban property for $41m
      423 10  -  Completion of its acquisition from Eurosports Auto likely around Dec ’13 By MINDY TAN CAMBRIDGE Industrial Trust (CIT) is acquiring a property from Eurosports Auto Pte Ltd for $41 million. The property, which is located at 30 Teban Gardens Crescent, comprises a purpose-built,
      423 words
    • Article
      Lock icon Regulator approves merger of Japan’s biggest bourses
      358 10 Tokyo, Osaka exchanges aim to complete tie-up on Jan 1 Bloomberg [TOKYO] Japanese regulators have approved a merger between the nation’s two biggest stock exchanges, paving the way for the first tie-up of major bourses after US$32 billion of global deals failed since
      Bloomberg  -  358 words
    • COMPANY BRIEFS
      • Article
        Lock icon ST Engg unit bags $210m deals in Q2
        111 10 SINGAPORE Technologies Engineering (ST Engg) said its electronics unit, Singapore Technologies Electronics, won new contracts worth about $210 million in the second quarter of this year. ST Electronics was awarded a $98 million contract from Singapore’s Land Transport Authority (LTA) to enhance
        111 words
      • Article
        Lock icon Teledata settles suit with former CEO
        63 10 TELEDATA (Singapore) Limited said that an amicable settlement was reached with Christopher Michael Pan, its former chief executive who lost his job in 2010 and subsequently sued the company for alleged wrongful termination of employment. The settlement is not expected to have any material
        63 words
      • Article
        Lock icon UPP unit in JV deal with Myanmar firm
        96 10 UPP Holdings said its subsidiary UPP Greentech Pte Ltd has entered into a joint-venture agreement with Myan Shwe Pyi Limited (MSPL) to set up a company with the intended name of Kanaung Engineering Limited. MSPL will hold 33 per cent and UPP
        96 words
      • Article
        Lock icon Radiance completes reverse takeover
        37 10 RADIANCE Group announced its completion of the reverse takeover of UK satellite communications equipment specialist, Global Invacom Holdings Ltd (GIHL). It also announced its name change from Radiance to Global Invacom Group Ltd.
        37 words
      • Article
        Lock icon Myanmar deal: Aussino names financial adviser
        66 10 BEDLINEN company Aussino Group has appointed PrimePartners Corporate Finance as the financial adviser for its proposed $60 million Myanmar acquisition of Max Strategic Investments (MSI), a firm linked to Max Myanmar Group of Companies, a conglomerate with interests in construction, mining and petroleum. Aussino
        66 words
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      110 5 YONGNAM HOLDINGS LIMITED is a well-established structural steel contractor and specialist civil engineering solutions provider, with more than 40 years of experience in steel fabrication. Known for our reliability, Yongnam’s reputation is built on integrity and superiority in delivering innovative client solutions on a timely basis. Yongnam aims to be
      110 words
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      1789 6 / 7 “Over 100 years ago, this was a mud-flat, swamp. Today, this is a modern city. Ten years from now, this will be a metropolis. Never fear.” Extending Pathways with Tomorrow in Mind Temasek Review Highlights 2012 Lee Kuan Yew Founding Prime Minister, Republic of Singapore 12 September 1965 as at
      1,789 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI rises on hopes of ECB rate cut
      576 8  -  Index has gained 166 points over seven days but yesterday’s turnover remains low STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI) managed a seventh consecutive gain yesterday, rising 22.7 points to 2,971.47. This brings its seven-day gain to 166 points
      Source: Bloomberg  -  576 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Jul 5 VALUE CLOSE BT OB/OS 570.00 +145.0 BT CADI -*****.00 +83.0 BT 10-day MA -*****.00 +57.00 FTSE ST Mid Cap 691.68 +6.06 FTSE ST Small Cap 456.26 +2.28 FTSE ST All Share 719.81 +5.54 FTSE ST China Top 206.32 +3.03 FTSE ST China 230.11 +2.12 FTSE
      66 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 5 3 0 0 0 8 5 3 Manufacturing 48 32 49 8 7 5 56 39 54 Commerce 18 18 19 3 0 6 21 18 25 Tpt/Stor/Comms 17 9 11
      186 words
    • Article
      Lock icon BROKERS’ TAKE
      925 8  -  Compiled by JOYCE HOOI Yangzijiang Shipbuilding July 5 close: $1.07 AMFRASER SECURITIES, July 5 CONCLUDING a process that began in 2011, YZJ has entered into an agreement with the local government to relocate its old yard, currently situated on prime waterfront land, for a compensation of 720 million
      925 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,540 14,540 59,827 59,827 Manufacturing 290,114 47,512 337,626 185,457 2,279 187,736 Commerce 351,614 4,214 355,828 107,515 744 108,259 Tpt/Stor/Comms 101,368 25,224 126,592 155,648 7,148 162,796 Finance 22,795 8,952 31,747 163,220 4,091 167,310 Construction 50,836 9,602
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      114 8 Stock name Close Change Stock name Close Change CapMallsAsia 1.620 +0.030 CapitaLand 2.900 +0.080 CapitaMall 1.945 +0.010 CityDev 11.260 +0.060 ComfortDelGro 1.570 +0.010 DBS Grp 14.010 -0.090 F&N 7.300 +0.140 GLP 2.170 +0.020 Genting SP 1.405 +0.010 Golden Agri 0.710 +0.005 HK Land 6.000 +0.030 JMH
      114 words
    • Article, Illustration
      Lock icon Euro broadly lower after ECB rate cuts
      517 8 CURRENCIES Reuters [LONDON] The euro fell sharply against a range of currencies yesterday after the European Central Bank cut its main interest rate to a record low of 0.75 per cent and reduced its deposit rate to zero to help tackle the eurozone
      Reuters; REUTERS  -  517 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 8 VOLUME NexGenSCom 111,657,000 MDR 71,478,000 TT Intl 52,049,000 Otto Marine 41,197,000 Aussino 38,606,000 Healthway 37,484,000 Golden Agri 37,034,000 Noble Grp 35,849,000 UPP 34,449,000 Genting SP 32,262,000 VALUE($) SingTel 65,208,350 DBS Grp 60,865,240 UOB 56,848,540 CapitaLand 50,117,630 Genting SP 45,056,720 Noble Grp 40,947,775 Keppel Corp 39,909,920 OCBC Bk
      57 words
    • Article
      Lock icon RISES
      108 8 BY CENTS CLOSE UP DBXT MSJAP 10US$ 3613 122.8 2.8 Jardine C&C 4888 107.0 2.2 JMH 5128 86.1 1.3 IS MSCI Spore 1253 50.6 3.3 Hyflux 6% CPS 10 ***** 30.0 0.3 UOB 5.05%NCPS 100 ***** 30.0 0.3 UOB 1938 23.0 1.2 Lyxor Asia EX 10US$ 397 15.2 3.1
      108 words
    • Article
      Lock icon FALLS
      126 8 BY CENTS CLOSE DOWN OCBC Bk 5.1%NCPS 100 ***** -52.0 -0.5 DBS Bk 4.7% NCPS 100 ***** -20.0 -0.2 OCBC Bk 4.5%NCPS 100 ***** -20.0 -0.2 GLD 10US$ ***** -19.0 -0.1 DBXT MSINDO 10us$ 1446 -16.5 -0.9 DBXT MSTaiwan 10US$ 1674 -15.2 -0.7 Wilmar.ES.1207 363 -13.0 -3.5 JSH 3160
      126 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      41 10 NO ENTRY! Don't venture into the unknown to find your perfect ride. Go to CATS Classified's vehicles classes, and you'll find the freshest and most extensive listing of new and pre-owned cars in all makes and models. BUY IT-SELL IT-FIND IT
      41 words
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  • SINGAPORE NEWS
    • Article
      Lock icon New taker for S’pore-bound gas
      486 11  -  Krakatau Steel in Java, not PLN, to benefit from BPMigas swap deal By RONNIE LIM A GAS swap deal proposed by Indonesian gas regulator BPMigas and involving two Singapore importers will see some Singa-pore-bound natural gas being diverted to urgent domestic needs there shortly. However,
      486 words
    • Article, Illustration
      Lock icon NUS Law among world’s top 10
      413 11  -  Faculty also ranks as the best law school in Asia: QS By KENNETH FOO THE National University of Singapore (NUS) now ranks among the top 10 universities in the world for law, according to the latest Quacquarelli Symonds (QS) World University Rankings by Subject.
      FILE PHOTO  -  413 words
    • Article
      Lock icon Ex-SCDF boss Lim claims trial, seeks more details
      389 11  -  By GRACE LEONG FORMER commissioner of the Singapore Civil Defence Force (SCDF) Peter Lim Sin Pang, who faces 10 counts of corruption involving sex with three women seeking business favours, will be claiming trial, his lawyers said yesterday. Lim, 52, was accused
      389 words
    • Article, Illustration
      Lock icon Amusement parks in Asia on a roll: report
      699 14  -  Number of visitors at top 20 theme parks rose 9.4% last year to 105.1m By NISHA RAMCHANDANI ASIA’S top 20 amusement parks clocked an historic attendance of 105.1 million in 2011, up 9.4 per cent from 2010, putting the region in good
      699 words
    • Article
      Lock icon Gujarat delegation here to woo S’pore investors
      348 14  -  20-strong delegation seeks partnerships with businesses here By MALMINDERJIT SINGH A HIGH-LEVEL business and government delegation from Gujarat, one of India’s most dynamic states, visited Singapore this week to strengthen business and investment ties and explore synergies in their bilateral partnership. The 20-member
      348 words
    • Article
      Lock icon S’pore firms urged to use Chile as Latin entry point
      452 14  -  By MALMINDERJIT SINGH SINGAPORE companies hoping to break into the Latin American market should look no further than Chile, says a representative from that country. “Asian countries are investing more and more in Chile. Since Asian companies are moving in,
      452 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon SR Nathan conferred honorary doctorate
        160 14 THE National University of Singapore (NUS) has conferred an Honorary Doctor of Letters on former president SR Nathan. This is in recognition of Mr Nathan’s contributions as the sixth president of Singapore, and for his leadership, guidance and support to NUS when he was chancellor
        160 words
      • Article
        Lock icon MOF clarification on utilities rebates
        105 14 THE Ministry of Finance has clarified that the utilities rebates that Singaporean households are eligible for under the GST Voucher scheme are being disbursed on a per-household basis. Although family members living in the same household may have individually received the notification letter on the
        105 words
      • Article
        Lock icon Director for Duke-NUS research programme
        45 14 THE Duke-NUS Graduate Medical School Singapore said Wang Linfa was appointed as its director of Emerging Infectious Diseases signature research programme with effect from July 1. Prof Wang is an expert on identifying new and emerging diseases of bat origin.
        45 words
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      214 words
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      280 14 WATO NOTICES Toll free 1800-289-8822 Email notices@sph,com.sg www.cats.com.sg/notices Invitation to express interest Petroleum Storage Terminal at Tanjung Bin, Johor, Malaysia Reclaimed island in Year 2006 Jetties Tank Piling Concrete Tank Foundation The Assets Asia Petroleum Hub Sdn Bhd (Receiver and Manager Appointed) is the developer of a petroleum storage/blending/ distribution
      280 words
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      14 14 Call 1800 289 8822 or e-mail notices@sph.com.sg to place your f Apology Notices of
      14 words
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  • ECONOMY WATCH
    • Article
      Lock icon 300,000 jobs at risk if Congress doesn’t act
      653 15 Lawmakers need to avert US$1.2 trillion in automatic spending cuts starting in ’13 Bloomberg [WASHINGTON] At least 300,000 jobs in industries including computer services, tourism, package delivery and meat processing may be lost if Congress fails to avert US$1.2 trillion in automatic
      Bloomberg  -  653 words
    • Article, Illustration
      Lock icon UK’s hidden hunger puts spotlight on budget cuts
      631 15 Labour says govt should spur economy by spending more Bloomberg [LONDON] When the British economy fell back into a recession at the end of last year, Ryan Hall, 24, lost his job, his home and the means to feed his family. No
      Bloomberg; REUTERS  -  631 words
    • Article, Illustration
      Lock icon Lagarde shows she’s no laggard a year into IMF job
      588 15 Bloomberg [WASHINGTON] Discussing climate change was a welcome break for Christine Lagarde from the European debt crisis that has consumed her first year as director of the International Monetary Fund. “I’m very pleased to be here today, not only because
      Bloomberg; REUTERS  -  588 words
    • Article
      Lock icon Australia racks up record exports to China in May
      546 15 Reuters [SYDNEY] Australia reported a smaller-than-expected trade deficit for May as the resource-rich country enjoyed a record month of exports to China, another sign of its resilience to global headwinds. Government figures out yesterday showed a deficit on goods and services
      Reuters  -  546 words
  • Page 15 Advertisements
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      19 15 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices WATS NOTICES CLA/FEB11/g_
      19 words
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      Lock icon Page 15 Advertisements Column 2
      89 15 A STRATEGY for RETAIL SUCCESS 9 MM For leasing enquiries, call 6279 7300 or visit www.thegrandstand.com.sg At 200 Turf Club Road (formally Turf City), the newest and biggest family lifestyle destination in the Bukit Timah district is getting ready to transform how we live, play and unwind giving new meaning
      89 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon Plans for mixed devt on U K power plant site
      587 16  -  Buyers SP Setia, Sime Darby, EPF see gross development value of £8 billion By PAULINE NG in Kuala Lumpur THE Malaysian buyers of London’s Battersea Power Station site have plans for a mixed residential and commercial development with an estimated
      REUTERS  -  587 words
    • Article
      Lock icon Azman takes over from Che Khalib at TNB
      662 16 [KUALA LUMPUR] After eight years at the helm of utility giant Tenaga Nasional Bhd (TNB), president and CEO Che Khalib Mohamad Noh will be stepping aside for Azman Mohd, an insider who has been with TNB for more than three decades. According
      662 words
    • Article
      Lock icon Bank Negara holds key rate at 3%
      350 16 Bloomberg [KUALA LUMPUR] Malaysia’s central bank held interest rates for a seventh straight meeting as easing inflation allows it to focus on shielding the economy from the turmoil in Europe and a growth slowdown in China. Bank Negara Malaysia maintained the benchmark overnight
      Bloomberg  -  350 words
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      840 16 Bamboo; Forest 8? Siri^ringok'e JERRY LUM Snr Marketing Director, MBA, CES Cea licence no: R *****6 d HP: 8288 0098 View: jerrylum.myweb.sg [«ATS NOTICES Toll free 1800-289-8822 Email notices@sph,com.sg www.cats.com.sg/notices PSL HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****7022K) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS
      840 words
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      145 16 In the Matter of The Companies Act, Cap.50 And In the Matter of K L ADVERTISING ASIA PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg. No. *****1823Z) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final General
      145 words
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      417 16 IN THE MATTER OF COMPANIES ACT, CAP. 50 IN THE MATTER OF SOFTWARE RESEARCH ASSOCIATES SOUTH EAST ASIA PTE LTD REG. NO. *****1128G (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the Company held on 31 January 2012, the following Resolutions
      417 words
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      443 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF Quiznos Singapore Pte. Ltd. (In Members’ Voluntary Liquidation) Reg No. *****2321Z NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 1001 17 th Street S-175 Denver, Colorado *****
      443 words
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      552 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF INSOMNIA LABS PTE. LTD. (Registration No. *****1886C) (In Members’ Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] An Extraordinary General Meeting of the Company, held at Hotel Mercure Bologna Centro Hastino, Viale Pietramellara 59, *****
      552 words
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      210 17 A Straits Times Appreciates Readers Event Watch concert and get FREE tickets to Universal Studios Singapore® Singapore Flyer July 15, Sunday, 6.30pm Gardens by the Bay $67 for The Straits Times readers (Usual price $75) Boys Like Girls Enjoy a 3-hour concert with performances from international stars Tanya Chua, 4Minute,
      210 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Beijing to end banks’ loan-todeposit ratio cap
      542 18 Beijing to end banks’ loan-to-deposit ratio cap But the regulator will adopt flexible monitoring of individual lenders Reuters [BEIJING] China will scrap its 75 per cent loan-to-deposit ratio (LDR) limit for bank lending and adopt flexible monitoring of individual banks by regulators, domestic media reported yesterday, in a move that
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      Lock icon India dispensing US$5.4b free medicine
      859 18 But a ban on branded drugs will hit the big players Reuters [MUMBAI] India has put in place a US$5.4 billion policy to provide free medicine to its people, a decision that could change the lives of hundreds of millions, but a ban on branded
      Reuters; REUTERS  -  859 words
    • Article
      Lock icon China Beige Book shows pick-up not seen in data
      637 18 Bloomberg [BEIJING] China’s official statistics may be lagging behind independent data that shows a pick-up in the world’s second-biggest economy last quarter, according to a new private survey modelled on the US Federal Reserve’s Beige Book. The China Beige Book, through
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      1438 18 >® < 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 TECHNEX PTE. LTD. (the “Company”) (In Members’ Voluntary Liquidation) Company Reg. No. *****2358N Members’ Resolutions in Writing passed pursuant to Article 62A of the Articles of Association of the Company on 4
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      393 18 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NANYANG CREATIVE MANAGEMENT PTE LTD (the “company”) (In Members’ Voluntary Liquidation) (Company Registration Number: *****4439E) (Pursuant to Section 290(2)(b)) At an Extraordinary General Meeting of the company held on 30th June 2012 at 1 Commonwealth Lane
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  • WORLD
    • Article, Illustration
      Lock icon Banks keep mum on Libor probe liabilities
      937 19 Probes by US, Asian and European regulators may lead to more fines, damages awards and legal costs Bloomberg [CHICAGO] Barclays plc investors, blindsided by the bank’s US$451.4 million regulatory fine for trying to rig benchmark rates, saw the stock drop 16 per cent
      Bloomberg; AP  -  937 words
    • Article
      Lock icon Japan’s DPJ urges insider trading probe of 20 offerings
      433 19 Crackdown centres on short-selling due to underwriters’ tips Bloomberg [TOKYO] Japan’s ruling party urged regulators to pursue a wider investigation of insider trading after finding spikes in transaction volumes of 20 stocks before public offerings. The Democratic Party of Japan (DPJ)
      Bloomberg  -  433 words
    • Article
      Lock icon JPMorgan now Asia’s No 2 bond arranger
      658 20 It rises to challenge HSBC as Hutchison Whampoa hires it for US$4.27b debt sale Bloomberg [HONG KONG] JPMorgan Chase Co, the largest underwriter of corporate bonds worldwide, jumped eight spots to No 2 in Asia as Li Ka-shing’s Hutchison Whampoa Ltd picked the
      Bloomberg  -  658 words
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      Lock icon PTT Global to invest US$11b to expand capacity
      444 20 Reuters [BANGKOK] Thailand’s largest petrochemical maker, PTT Global Chemical Pcl, plans to invest US$11 billion by 2020 to expand capacity and focus on high-margin specialties and green products, its chief executive said. That budget included a plan to invest US$3 billion to
      Reuters; REUTERS  -  444 words
    • Article
      Lock icon Exxon Mobil mulling over sale of German Esso gas stations
      342 20 Bloomberg [LONDON] Exxon Mobil Corp, the world’s biggest energy company by market value, is weighing a sale of its German Esso gas station chain, according to people familiar with the process. The unit, which includes more than 1,100 gas stations
      Bloomberg  -  342 words
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      Lock icon VW pays 4.46b euros for rest of Porsche
      622 20 Deal with German taxman ends 7-year takeover saga Bloomberg [BERLIN] Volkswagen AG agreed to buy the 50.1 per cent stake in Porsche SE’s automotive business that it doesn’t already own for 4.46 billion euros (S$7 billion), ending a seven-year takeover saga. VW
      Bloomberg; AP  -  622 words
    • Article
      Lock icon Japanesefirms’ M&A deals at new high
      274 20 AFP [TOKYO] Japanese firms went on a record buying spree of foreign companies in the first half of the year, according to a new survey, as the strong yen prompts them to eye overseas acquisitions. The number of merger and acquisition deals stood at
      AFP  -  274 words
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      Lock icon Companies add more jobs than forecast in June
      469 21 Data from private payrolls report eases concerns about labour market LATEST US DATA Bloomberg Reuters [WASHINGTON] Companies in the US added more workers than forecast in June, which may ease concern the labour market is deteriorating, a private payrolls report showed. The
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      Lock icon Spain borrowing costs up
      522 21 Reuters [MADRID] Spain’s 10-year borrowing costs rose yesterday despite the eurozone’s latest plan to help its troubled economies, while Ireland returned to markets for the first time since its bailout and paid less for short-term funds than Madrid. French borrowing costs held close to historic lows
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    • Article
      Lock icon Fukushima crisis preventable: panel
      565 21 Reuters [TOKYO] Japan’s Fukushima nuclear crisis was a preventable disaster resulting from “collusion” among the government, regulators and the plant operator, an expert panel said yesterday, wrapping up an inquiry into the worst nuclear accident in 25 years. Damage from the huge March 11, 2011, earthquake,
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      Lock icon Beleaguered Portugal turns to natural assets
      577 21 Reuters [BOA FE, Portugal] In the two centuries Rome ruled the Atlantic coast of Iberia, the army mined and shipped home 129,000 ounces of gold and 25 million ounces of silver. More than two millennia later, faced with recession, record-high unemployment and a stubbornly
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      455 19 GOURME ADAN II I I lOv A CELEBRATION OF JAPANESE CULTURE FINE CUISINE 16 July 20 August 201 2 JCB cardmembers enjoy 20% discount on all Events and Taste Japan set menus Not a JCB Cardmember? Apply for the UOB JCB Platinum Card now at www.uob.com.sg/jcbcard “*V I Suntory Whisky
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      1529 21 YONGMAO HOLDINGS LIMITED (Company Registration No. *****0649K) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Yongmao Holdings Limited (the “Company”) will be held at 81 Ubi Avenue 4, #09-01 UB. One, Singapore *****0 on Monday, 23 July
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  • EDITORIAL & OPINION
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      Lock icon Investors must be patient with Myanmar
      462 22 EDITORIAL MYANMAR’S ongoing reform efforts certainly look to pick up steam in the coming months, starting with an upcoming reshuffle that would probably sideline a number of hardliners and introduce more pro-reform ministers into President Thein Sein’s Cabinet. The pace of change in the
      462 words
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      Lock icon Leung’s top task – to win trust, regain credibility
      782 22  - Leung’s top task to win trust, regain credibility THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 THE installation of Leung Chun-ying on Sunday morning as Hong Kong’s third leader since the 1997 handover was followed that afternoon by tens
      782 words
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      Lock icon Up close and personal via social media
      1006 22  -  Govts that tap it can make citizens feel they’re partners instead of a voiceless mass By TIM MOYLAN The writer is president of SAP South East Asia IN last year’s General Election, the digital space was alive with chatter about the candidates and
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      Lock icon Banking on digital innovation for growth
      1203 23  -  It’s time S’pore banks made strategic investment in digital services By MICHIEL VAN SELM The writer is director, Customer Impact Growth, in the Financial Services Practice at PwC LLP Singapore IN the last decade, the banking industry has seen “digital” evolve from a basic
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      Lock icon Hong Kong should enjoy its peg while it lasts
      807 23  -  REUTERS BREAKINGVIEWS By JOHN FOLEY WILL Hong Kong pop its peg? After three decades of hitching its currency to the US dollar, many residents of the territory, including former monetary chief and peg architect Joseph Yam, believe it is time for
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  • AVIATION/SHIPPING
    • Article
      Lock icon 360 on board Scoot’s first Bangkok flight
      280 24  -  It’s the SIA unit’s third route after Sydney, Gold Coast By VEN SREENIVASAN [SINGAPORE] Singapore A i r l i n e s l on g h au l low-cost carrier, Scoot, launched its inaugural daily flight from Changi to Bangkok yesterday with
      280 words
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      Lock icon Etihad sales jump, helped by tie-ups
      348 24 AP [DUBAI] Etihad Airways, the fast-expanding Abu Dhabi carrier, said yesterday its strategy of partnering with overseas airlines helped drive a sharp quarterly rise in passenger numbers and sales. The government-backed Gulf airline has surprised rivals by rapidly buying up stakes in four separate
      AP  -  348 words
    • Article
      Lock icon Budget carriers cruise past giants in brand reputation
      427 24 Full-service airlines SIA, Cathay ranked below AirAsia, Jetstar in survey Bloomberg [SINGAPORE] Asia-Pacific budget airlines AirAsia Bhd and Qantas Airways Ltd’s Jetstar overtook full-service carriers in a brand-reputa-tion survey as more passengers in the region turned to cheaper options amid a global
      Bloomberg  -  427 words
    • Article
      Lock icon The Business Times Shipping times
      3476 25 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 STXPO TBN
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      Lock icon China’s coastal ships sail further out to sea
      887 24 Reuters [HONG KONG] China’s huge fleet of coastal ships, usually confined to plying the Chinese seaboard, has sailed out of the shadows to seek international business in yet another sign that China’s economy is slowing. The fleet, previously unnoticed by the global
      Reuters; REUTERS  -  887 words
    • Article
      Lock icon TRANSPORT STOCKS
      253 24 SGX '000 Jul 5 S$ +/-Vol CH Offshore 0.42 -0.01 212 Chuan Hup Hldg 0.22 -0.01 138 Cosco Corp 1.05 0.05 ***** s$ Ezra Hldgs 1.13 0.01 3225 First Ship Lea 0.17 unch 197 Freight Links 0.07 unch 3448 Grand Banks unch unch 0 Jaya Hold Ltd 0.57
      253 words
    • Article
      Lock icon Baltic Exchange to boost Asia membership
      753 24 Bloomberg [LONDON] The Baltic Exchange, whose benchmarks for freight rates cover about 75 per cent of global commodity cargoes, plans to double its Asian membership in the next two years to reflect a dec-ade-long surge in trade to the region. Quentin Soanes, who took
      Bloomberg  -  753 words
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      22 24 LIANHE ZAOBAO '/ft First vertical farm here targets to produce 20tonnes of vegetables I20IP& To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      37 25 Experienced sh,"p maintenance services wanted. fn* 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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  • Page 26 Advertisements
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      104 26 TO ADVERTISE IN .The Business Times Shipping Times CALL JOE WONG I FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WO IMG AT 9620 1 i Can they find your services here in the Shipping Times? The Business Times Shipping Times Highlight Your Company Anniversa Come publicise your
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2714 27 Transaction date: Jul 5 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 Last Vol Day Last Quote Div Gr Yld 124 92.5 AIMSAMPIReit 124 +1.5 560 124 123 123.5 124 6.7 11.9
      2,714 words
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      Lock icon SGX CATALIST
      160 28 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 Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C'vr P/E Smil 17.8
      160 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7947 28 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FundCI 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 American Opp Asian Local Ccy SD Bond 0.6531/ 0.9949/ China
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    • Article
      Lock icon GLOBALQUOTE
      193 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 46 25.5 Genting HK US$ US32 unch 3943 32.5 32 32 32.5 2107 Last 220 168 TanChongInt HK193 -9 96 195 192 193 201 4.3 3.6
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    • Article
      Lock icon SGX ETF
      910 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 122.4 122.2 CIMB APAC Div 100S$D 122.2 128.1 129.1 103 95.8 CIMB APAC Div 100US$ US96 101.3 102.1 10.1 1260 1246 CIMBASEAN40 100S$D 1260 1277 1286
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX FUTURES
      632 29 Jul 5 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9078.46 9130.54 9069.01 Sep12 9090.00 9125.00 9055.00 9095.00 ***** *****3 Dec12 9030.00 9060.00 9020.00 9030.00 21 6645 MSCI TAIWAN INDEX FUTURES SPOT 264.43 264.43 262.16 Jul12 259.40 260.70 258.90 259.40 ***** *****4 Aug12 257.90 257.90
      632 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 29 In local curr In S$ In US$ dy yr dy yr dy yr Jul 4 Index Change Change Change Change Change Change World Preliminary 883.9 0.1 6.5 0.3 3.2 -0.1 5.7 EAFE Preliminary 709.2 0.1 4.0 0.1 -0.4 -0.3 2.0 Europe Preliminary 1056.2 -0.1 2.9
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      Lock icon SMX MARKET UPDATE
      144 29 As on 4 July 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL INDIA GOLD (E-GOLD) FUT AUG2012 541.25 538.10 539.95 1164 INDIA GOLD (E-GOLD) FUT OCT2012 539.20 539.05 545.65 25 CURRENCY EUR-USD FUT SEP2012 1.2604 1.2529 1.2539 3136 BASE METAL COPPER FUT SEP2012
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    • Article
      Lock icon CHICAGO BOT
      107 29 Jul 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1572.25 1532.25 1578.00 1534.50 Aug 12 1529.50 1494.25 1538.00 1497.50 Sep 12 1498.00 1462.50 1500.75 1466.25 Nov 12 1474.75 1438.00 1478.00 1441.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 52.95
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 29 CRUDE OIL PRODUCTS Jul 4 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 99.42 -1.29 WTI (Near Mth) 87.06 -0.50 Dubai (1-Mth F) 97.39 1.79 Tapis blend 102.86 0.10 Minas 106.11 1.85 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 86.56 0.56 Jet Kerosene 114.98 1.83 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 29 Jul 5 S$ Bid Offer 1-month 1.2656 1.2658 2-months 1.2655 1.2657 3-months 1.2653 1.2655 6-months 1.2641 1.2644 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 29 Jul 4 Jul 4 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1921.50 1947.75 3 months 1956.00 1982.00 Copper, Grade A(US$/tonne) Cash 7724.50 7821.00 3 months 7725.00 7819.00 Lead(US$/tonne) Cash 1895.75 1928.50 3 months 1906.00 1939.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3
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      Lock icon LIFFE
      80 29 Jul 4 COCOA (£/tonne) Close Prev High/Low Jul 12 1635 1651 1651/1626 Sep 12 1586 1598 1604/1578 Dec 12 1555 1568 1571/1549 Mar 13 1529 1541 1545/1520 COFFEE(US$/tonne) Close Prev High/Low Jul 12 2075 2111 2101/2075 Sep 12 2098 2136 2128/2096 Nov 12 2102 2136 2128/2100 Jan 13 2085
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1107 29 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 1 146 369 8.00 22 Conv Ratio Baker Technology Ltd W*****6 0.6 1 32 7 50.83 4 Price Best World Intl Ltd W*****5 0.6 1 30 71
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 29 Jul 5 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.040 6.526 0.820 7.963 56.462 96.477 0.818 11.660 3.247 1.279 96.918 42.803 1.300 8.375 0.985 30.680 32.390 0.659 1.027 Canada 0.961 6.273
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    • Article
      Lock icon SIBOR
      60 29 Jul 5 (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$) 0.***** 3 mths 0.***** 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates
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    • Article
      Lock icon PRECIOUS METALS
      137 29 Jul 5 GOLD(US$/oz) Jul 04 Jul 05 Hong Kong 1623.00 1623.00 Jul 05 Jul 03 Jul 04 London 1618.54 1615.94 1619.76 1617.16 Source: Thomson Reuters CAST BAR Jul 05 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 158 66 5gm 448 328 10gm
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    • Article
      Lock icon GOVERNMENT SECURITIES
      86 29 Jul 5 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 04-Oct-12 0.26 1-Year BY*****T 02-May-13 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.14 5-Year N*****0Z 2.375 01-Apr-17 109.41 109.55 109.55 10-Year NY*****X
      86 words
    • Article
      Lock icon PALM OIL
      57 29 Jul 5 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 12 3062.0 3094.0 3120.0 3062.0 59 2366 Aug 12 3101.0 3110.0 3158.0 3089.0 745 ***** Sep 12 3118.0 3122.0 3177.0 3095.0 ***** ***** Oct 12 3122.0 3122.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 29 Jul 5 Jul 5 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2994 1.3002 1.0267 1.0272 Canadian dollar 1.2494 1.2497 0.9873 0.9872 Euro 1.5853 1.5857 1.2526 1.2527 NZ dollar 1.0159 1.0166 0.8027 0.8031 Sterling pound 1.9723 1.9727
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 29 As at 9am Jul 05 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.330 1.267 Can dollar 1.278 1.218 Euro 1.624 1.547 Sterling pound 2.012 1.935 NZ dollar 1.046 0.997 US dollar 1.285 1.236 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 29 Jul 5 $S Offer Bid 0vernight 0.02 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ 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
      157 words
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      856 30 THE POWER OF EFFECTIVE BRANDING, SELLING THINKING STRATEGIES Who should attend: Senior Management and Professionals in Brand Management, Public Relations Advertising, Sales Marketing, Business Development, Entrepreneurs and individuals looking to market and brand their identity FULL-DAY WORKSHOPS Critical Thinking Sun Tzu’s Art of War Style FULL-DAY SEMINAR Register at www.stjobs.sg/seminars
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  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      338 31 CRYPTIC CROSSWORD Across 1 Keep arguing like Mrs Sprat does (4,3,3) 9 Finished? Then I accept the offer (4) 10 Flags put out in honour of a brave man (10) 11 It’s used as antifreeze in bitingly cold weather (6) 12 Sort of sight he encountered in the Alps (7)
      338 words
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  • Page 33 Advertisements
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      249 33 Jobs updated EVERY MINUTE A world of options at your fingertips. Sales Executive Sales Manager Sales Director Marketing Executive Marketing Manager Marketing Director Account Executive Account Manager Account Director Finance Executive Finance Manager Financial Controller Customer Service Executive Customer Service Manager Customer Service Director FIR Executive FIR Manager FIR Director
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  • Page 35 Advertisements
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      Lock icon Page 35 Advertisements Column 1
      70 35 LES AMIS DU Credit Suisse -i-T '-x V r<wm utl I r~ to -y'ji' <; L 4 i K f. II -Tp3 G i i n art rr o A eu irv uo •■v'* mM) y.-;. *«*9f CREDIT SUISSE, LONG TERM PARTNER OF THE SINGAPORE ART MUSEUM. And proud to
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  • executive lifestyle
    • Article, Illustration
      Lock icon Switching to survival mode
      2025 36  -  Home-grown musicians grapple with the spectre of fading into oblivion in an industry besieged by constant upheaval. But by diversifying, careful brand-building and savvy career tracking, local indie groups are putting a new spin on the business of making music their way, reports CHRISTOPHER LIM reportsCHRISTOPHER
      PHOTO-ILLUSTRATION: HYRIE RAHMAT  -  2,025 words
    • FASHION
      • Article, Illustration
        Lock icon Thrills without the frills
        792 30  -  The Paris Menswear 2013 Spring shows embraced a new stylish austerity drive, with pure, clean lines purged of extraneous embellishments, reviews DANIEL GOH reviewsDANIEL reviewsDANIEL GOH ANEW austerity prevailed at the recently concluded Paris Menswear Collections for Spring 2013. Gone were the ba-roque-leaning previous seasons embodied
        PHOTOS: AFP  -  792 words
    • PURSUITS
      • Article, Illustration
        Lock icon Richebourg’s bounty
        1229 31  -  Of the vintages of Vosne-Romanee, Richebourg’s Grands Crus are the finest, as the name itself evokes richness and power, writesN K YONG writesN writesN K YONG THE village of Vosne-Roma-nee contains six of the 24 Grands Crus in Burgundy. It does not contain the most Grands Crus amongst
        1,229 words
      • Article, Illustration
        Lock icon Gourmet Japan’s rousing debut
        253 31 By AARON JUSTIN TAN LOCAL diners’ fixation with all things Japanese is confirmed with the overwhelming response to the inaugural Gourmet Japan the latest food festival in town designed to showcase the edible delights from the land of the rising sun. Already, tickets to two dinners
        253 words
      • Article, Illustration
        Lock icon Revenge romp plays like a gorefest
        540 31  -  GAMING REVIEW By CHRISTOPHER LIM PLAGUE-INFESTED cities crawling with mutants have become one of the most tired cliches of action games, and Prototype 2’s plot does nothing to redeem a genre bludgeoned to death by franchises such as Resident Evil and Left 4 Dead.
        540 words
    • ARTS
      • Article, Illustration
        Lock icon Boom boon
        639 32  -  By HELMI YUSOF CENTRAL location. Unblocked view. Three-bed-room. Top floor. Near MRT. Near good schools. These are words that would induce heart palpitations and delirium among newly married house-hunting couples. But for Mrs Ong (played by Fannie Kee), they just spell trouble. She’s already in her 60s and
        SIGHT LINES PRODUCTIONS  -  639 words
      • Article, Illustration
        Lock icon Young musicians take flight
        364 32  -  By AARON JUSTIN TAN AFTER an impressive performance at the Singapore Arts Festival, the Orchestra of the Music Makers (OMM) have made waves overseas. This double bill of sorts almost did not take place, says Chan Tze Law, OMM’s music director. Its arts festival gig at
        364 words
      • Article, Illustration
        Lock icon Black-and-white flourish
        1049 32  -  For award-winning artist Lim Tze Peng, monochromes reign, writesCHEAH CHEAH UI-HOON I N MAY, artist and Cultural Medallion receipient Lim Tze Peng’s work sold for more than $101,800 in a Christie’s auction in Hong Kong the first time the $100,000 mark has been breached by a living Singapore
        PHOTOS’ HOE TD ART. LIM TZT PENG  -  1,049 words
      • Article, Illustration
        Lock icon Transcending loss in a labour paean
        627 32  -  By HELMIYUSOF PLAYWRIGHT Zizi Azah Abdul Majid remembers only too well the precise moment when she thought her child would die. “I was in labour when the doctor said to me: ‘You have to push harder the baby’s heart rate is dropping.’ That was
        PHOTOS: LU HUEN, ESPLANADE  -  627 words
      • AroundTown
        • Article, Illustration
          Lock icon Art
          90 33 NAIDOC 2012 Belongings Exhibition: The 2012 Belongings Exhibition showcases works by both emerging and established artists from Down Under. Artists like Angeline Ngala, Narlie Nakamarra and Emily Pwerle (artwork pictured, right) showcase their artworks which reflect the theme of belonging and portray the distinct similarities and parallels of the
          90 words
        • Article
          Lock icon Art
          161 33 >Face2Face A Solo Exhibition by Rofizano Zaino:Local artist and self-taught painter Rofizano Zaine challenges stereotypes in his latest exhibition by encouraging the viewer to confront his painted characters, to acknowledge them beyond their ethnicity and associated prejudices in favour of a more holistic human approach. Chan Hampe Galleries, Raffles
          161 words
        • Article
          Lock icon Stage
          239 33  -  Compiled by AARON JUSTIN TAN Boom: The award-winning play Boom is back to tug at the heartstrings of Singaporeans. On this tiny red dot, where sand is as precious as gold, and both the living and dead jostle for space, Boom tells the story of a stubborn old woman
          239 words
      • Article, Illustration
        Lock icon HK museum gets $211m collection
        867 33  -  Swiss diplomat Uli Sigg parts with 1,463 works of modern Chinese art, writesSTEPHEN writesSTEPHEN COATES AFP THE donation of a major collection of Chinese art has breathed new life into plans for a cultural development on Hong Kong’s waterfront that more than once appeared to
        AFP; PHOTOS AFP, ROUTERS  -  867 words
    • MUSIC/CINEMA
      • Article, Illustration
        Lock icon Keeping an even Temper
        438 34  -  By AARON JUSTIN TAN IT’S been more than a great summer for Australian pop-rock foursome The Temper Trap. It has been riding a wave of popularity since its first album, Conditions, came out almost three years ago. The soaring single Sweet Disposition, which was included in
        DAVID BLACK  -  438 words
      • Article, Illustration
        Lock icon The art of musical misery
        534 34  -  Jason Mraz’s hippie chic has more to do with being a tree-hugger than a big star, writesDYLAN DYLAN TAN MAYBE because he’s single again, Jason Mraz had plenty of love to share last Friday at his sold-out show at Gardens by the Bay’s The eadows.
        PHOTOS: WOOHOO! EXPERIENCE, ALOYSIUS LIM  -  534 words
      • Article, Illustration
        Lock icon Weaving musical gold from the old
        646 34  -  CD REVIEWS By CHRISTOPHER LIM SOME artists have been around long enough that people take them for granted, and also assume they know what to expect from new releases. It’s always nice to be surprised then, especially by albums that, even in their concept
        REUTERS  -  646 words
      • Article, Illustration
        Lock icon Pigment of your imagination
        550 34  -  By DYLAN TAN IT’S going to be hard getting under Painted Skin 2: The Resurrection, especially when you’re almost blinded by the flashy special effects that overshadow all the good things about this movie. It’s a pity, because the sequel to Gordon Chan’s commercially successful 2008
        550 words
    • CINEMA
      • Article, Illustration
        Lock icon Mash-up madness
        540 35  -  Suspend disbelief, for you are seeing America’s 16th President backflip and gnash his teeth with an axe to grind, reviews DYLAN TAN reviewsDYLAN reviewsDYLAN TAN AMERICAN history is retold with a big bite of unexpected fun and wacky silliness in Abraham Lincoln: Vampire Hunter, a brain-dead but entertaining
        PHOTOS: TWENTIETH CENTURY FOX  -  540 words
      • Article, Illustration
        Lock icon Between pain and pleasure
        476 35  -  By GEOFFREY EU IT’S hard to be a world-class hedonist when your wife has terminal cancer but if you really put your mind to it, anything’s possible. In Stricken, ad agency hotshot and serial adulterer Stijn (Barry Atsma) has no qualms about cheating on his lovely
        476 words
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