The Business Times, 20 June 2014

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Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, June 20, 2014
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  • Article
    Lock icon More firms align CEO pay with shareholder interest
    879 1  -  But compliance remains a slow process, according to Freshwater Advisers pay review By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT [SINGAPORE] They may have to be dragged into the light, but more Singapore companies are complying with the idea of aligning their interest to
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  • Article
    Lock icon Singapore oil product prices up 3-5% on ‘fear premium’
    528 1  -  Traders also staying ‘long’ on market after flare-up in Iraq By RONNIE LIM By ronnie@sph.com.sg [SINGAPORE] Following a spike in global crude prices, Singapore oil product prices have risen by 3-5 per cent on the back of a “fear premium” stemming
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,269.02 (-7.78) HST INDEX FUTURES 3,269.00 (-8.00) HSIMSCI 371.66 (-0.72) HSIMSCI FUTURES 371.20 (-1.60) US$ S$ US$ (S$ per US$) 1.247 (US$/S$ per 1.701 2.121 EURO (US$/S$/€ 1.363 1.700 Foreign currency per US$ S$ YEN 101.80 81.60 RM 3.216 2.579 HK$ 7.751 6.216 BAHT 32.41 25.99 RUPIAH
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    • Article
      Lock icon MARKETS
      49 1 Thursday Change KL COMP 1,881.48 +4.90 NIKKEI 225 15,361.16 +245.36 HANG SENG 23,167.73 -13.99 SET INDEX 1,461.91 +10.55 JAKARTA COMP 4,864.27 -23.59 MANILA COMP 6,699.39 -3.74 SEOUL COMP 1,992.03 +2.54 SHENZHEN B 821.53 -4.65 MUMBAI IND 25,201.80 -44.55 12 noon EDT Change DOW 16,875.99 -30.63 NASDAQ 4,351.96 -10.88
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    • Article
      Lock icon PRIME RATES
      21 1 SINGAPORE MALAYSIA HONG KONG 5.35 6.55 TAIWAN INDONESIA 15.535 TAIWAN BRITAIN JAPAN 1.475 KOREA SWITZERLAND BRITAIN 0.50 Source: Bloomberg
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      237 1 WEALTH What the rich want; Asia’s millionaires set to overtake N America’s PAGES 3, 4 PROPERTY Are shorter industrial leases a problem? PAGE 3 WORLD CUP From champs to chumps, Spain looks to rebuild page 2 GENDER QUOTA India Inc picks women relatives to meet boardroom quotas PAGE 10 Record
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  • TOP STORIES
    • Article, Illustration
      Lock icon The BT-Coca-Cola World Cup Charity Drive
      329 2 JUNE 21 Italy vs Costa Rica (12mn) Joe Marten CEO and Chairman, Advanced First Aid Research Pte Ltd I remember Toto Schillachi breaking Irish hearts in 1990 on his way to claiming the Golden Boot. With Pirlo and his magisterial beard providing the creative
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    • Article, Illustration
      Lock icon From champs to chumps, Spain looks to rebuild
      582 2  -  First defending champion to lose its first two group games COMMENTARY LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT Correspondent THEY say all good things must come to an end, but the Spanish team probably didn’t expect their eventual descent from football’s pinnacle to be this
      582 words
    • Article
      Lock icon World Cup tourists might bring in parasites
      298 2 350 new plant parasites could be brought into Brazil, say agriculture watchdogs AFP [RIO DE JANEIRO] Agriculture watchdogs in Brazil fear foreigners arriving for the World Cup could bring up to 350 new plant parasites into the country. American tourists pose the biggest
      AFP  -  298 words
    • Article
      Lock icon Spain soccer stars draw ire on World Cup defeat
      207 2 Bloomberg [MADRID] Angel de Castro’s newspaper kiosk in northern Madrid is draped with red-and-yellow flags and scarves he’s sure he won’t be able to sell, now that Spain’s World Cup is gone. “The economic blow is great because what am I
      Bloomberg  -  207 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      384 2 More firms align CEO pay with shareholder interest THEY may have to be dragged into the light, but more Singapore companies are complying with the idea of aligning their interest to those of their shareholders. FRONT PAGE Singapore oil product prices up 3-5% on ‘fear premium’ FOLLOWING a
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    • Article
      Lock icon Power earners
      646 3 Top executives and their remuneration NO COMPANY NAME REVENUE PROFIT BEFORE EXECUTIVE DESIGNATION BASE FEES SHORT-TERM LONG-TERM OTHER TOTAL CHANGE (S$m) TAX (S$m) (S$) (S$) INCENTIVE (S$) INCENTIVE (S$) (S$) (S$) 1 DBS Group Holdings Ltd 7,986 4,489 Piyush Gupta Chief Executive Officer 1,200,000 3,425,000 5,430,000 31,249 10,086,249
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    • Article
      Lock icon Fed sees slower growth for year despite rebound
      607 3 It also keeps to plan to taper its stimulus campaign NYT [WASHINGTON] The Federal Reserve said on Wednesday that economic growth had rebounded after a nasty winter even as it slashed its economic forecast for this year to reflect the unexpected contraction
      NYT  -  607 words
    • Article
      Lock icon Are shorter industrial leases a problem?
      944 3  -  Hard to obtain loans and resell, but it ousts speculators NEWS ANALYSIS By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT [SINGAPORE] The government’s move to shorten industrial land tenures to help industrialists better manage costs is all well and good. Going by simple comparisons, it has even
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    • Article, Illustration
      Lock icon Lack of online services a deal breaker for HNWIs
      582 3  -  Those below 40 view online access as important: report By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT [SINGAPORE] An analysis of the world’s wealthy had this message for wealth managers here: If the services you provide are not integrated across all communication channels, including
      Source: Capgemini, RBC Wealth Management, Scorpio Partnership Global HNW Insights Survey 2014  -  582 words
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      88 2 Guess the score win a Sony 4K TV! Switzerland vs France Sony X8500B 55” Here’s your chance to be the first to own the latest 55-inch 4K Sony TV! Just guess the correct scoreline of the above match and you could win the newest Sony TV with superior colour reproduction.
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  • Page 3 Advertisements
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      Lock icon Page 3 Advertisements Column 1
      51 3 KnightFrank.com.sg Estate Sale by Tender @1X Yuk Tong Ave Single-storey intermediate terrace with an attic Land: 1700 sqft (approx.) Built-In: 1787 sqft (approx.) Tenure: Estate in Fee Simple Zoning, Residential, 3-storey Near future MRT station Tender Close: 30th June 2014, 3pm Jaime Lim 9386 6300(CEA Reg No: R*****4I) CEALicence No:
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Asia’s millionaires set to overtake North America’s
      539 4  -  They will outpace the Americans in number and wealth By CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT THIS year, the number of millionaires in Asia is expected to surpass that in North America. By next year, the wealth that these Asian millionaires hold will also overtake
      Source: Capgemini Financial Services Analysis 2014  -  539 words
    • Article
      Lock icon Two former staff of Darco unit sentenced to jail
      392 5  -  Taipei court found ex-GM guilty of fraud, CBT; former admin manager guilty of fraud By KELLY TAY kellytay@sph.com.sg @KellyTayBT DARCO Water Technologies, a mainboard-listed provider of water and wastewater system solutions, yesterday announced that two former employees of a subsidiary have
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    • Article
      Lock icon KS Energy unit sells rig for US$84.9m
      170 5 A UNIT of KS Energy’s 80 per cent-owned KS Drilling has sold a jack-up rig for US$84.88 million. The consideration for the rig, sold on an “as-is, w h e r e i s” b a s i s US$45.24 million above the
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    • COMPANY BRIEFS
      • Article
        Lock icon Final offer for Kian Ho shares: 23.5 cents each
        90 5 RAFFLES United yesterday issued its formal offer document, setting out the terms of its mandatory unconditional cash offer for all the Kian Ho Bearings shares it does not already own. On June 4, it had bought 73.2 million shares in the
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      • Article
        Lock icon Pacific Radiance unit subscribes for shares
        116 5 PACIFIC Radiance’s wholly owned subsidiary, Crest Offshore Marine, has subscribed for an additional 1,999,999 ordinary shares for US$1,999,999 in the share capital of Westsea Radiance, a joint venture with Westsea Marine (S) Pte Ltd. The subscription was funded through internal resources. Crest Offshore Marine
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      • Article
        Lock icon Asiatravel.com in talks for tie-ups, M&As
        76 5 ASIATRAVEL.COM Holdings Ltd reiterated yesterday that the company is in “varying stages of discussions with several potential parties to explore different opportunities for strategic collaboration and/or mergers and acquisitions”. But the company, whose share price has surged on speculation of interest from e-commerce giant
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      • Article
        Lock icon SuperBowl Holdings to be delisted
        71 5 DEVELOPER Hiap Hoe’s sports and leisure arm SuperBowl Holdings will soon be delisted. As at 5pm yesterday, the total number of SuperBowl shares owned, controlled or agreed to be acquired by Hiap Hoe amounted to an aggregate of 321,991,480, representing approximately 98.91 per cent of
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    • Article, Illustration
      Lock icon Geo Energy to buy stake in coal-rich firm
      508 5  -  BY ANDREA SOH sandrea@sph.com.sg @AndreaSohBT INDONESIAN coal mining firm Geo Energy Resources plans to buy a stake in a company with mining licences for two coal concessions in South Kalimantan, in a move which could boost its coal production dramatically. The transaction
      FILE PHOTO  -  508 words
    • Article
      Lock icon I Reit Global plans US$300m Singapore IPO
      253 5 Bloomberg [SINGAPORE] I Reit Global Management, backed by office buildings in Germany, is preparing an initial public offering (IPO) in Singapore that may raise about US$300 million, sources with knowledge of the matter said. The property trust has received listing approval from the
      Bloomberg  -  253 words
    • Article
      Lock icon Vibrant taking majority stake in Cecil House
      407 7  -  Transaction through 51% owned firm values the property at $110m By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT CECIL House is changing hands, through a sale of shares in the company that owns the property. The deal values the 11-storey office block on a site with
      407 words
    • Article, Illustration
      Lock icon SingPost speeds up transformation efforts
      467 7  -  By ANGELA TAN angelat@sph.com.sg SINGPOST said yesterday that it has been speeding up its transformation efforts in view of the global decline in its traditional mail business. “SingPost has been accelerating its transformation efforts over the past few years, and continues to pursue opportunities, both
      467 words
    • Article
      Lock icon Genting S’pore’s Korea casino plan stalls
      268 7  -  Ground-breaking ceremony in Jeju Island postponed By KELLY TAY kellytay@sph.com.sg @KellyTayBT GENTING Singapore’s plans to build a casino in South Korea have been stalled, Channel NewsAsia (CNA) reported yesterday evening, citing a statement from the mainboard-listed casino operator. Instead of going ahead with initial
      268 words
    • Article
      Lock icon Scoot, Nok Air agree to set up NokScoot by acquiring Pete Air
      312 7  -  By RAPHAEL LIM raphlim@sph.com.sg LOW-COST carriers Scoot and Nok Airlines have signed a joint-venture agreement to set up NokScoot by acquiring Pete Air, said Scoot’s parent Singapore Airlines (SIA) yesterday. It comes six months after the two parties
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      1285 4 The Business Times Ik 1 1 Toll free 1800-289-8822 I I Email noticesgsph.com. sg J V www.sphclass.com.sg/notices Financial Statements As At 31 December 2013 BALANCE SHEET ASSETS In thousands of euros, at 31 December 2013 2012 Interbank transactions and similar items 15,202,926 15,412,078 Cash, Central Banks, Post Office Cheque Centres
      1,285 words
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      747 4 THE MONETARY AUTHORITY OF SINGAPORE APPLICATION FOR TAXABLE BOOK-ENTRY SINGAPORE GOVERNMENT BONDS Tenor Total Amount Offered Minimum Denomination MAS 1 Intended Tender Amount 2 Issue Code ISIN Code Issue Date/Settlement Date Maturity Date 1 Coupon Rate Yield and Price Coupon Payment Dates 1 First Coupon Payment Date 1 Method of
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      108 5 By 2020, Asia will growing twice as fast the U.S. So will opportunities. as Are you Global Ready? Manage a team in Hong Kong. Work on a project in China. Sales pitch in Indonesia. Will you be quick to adapt to Asia's growth? With the right mindset and skill set,
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon No FOMC joy for local shares
      594 6  -  Big issues such as Iraq and China keeping the big money away, penny stocks feed on the crumbs STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE Straits Times Index’s inability to mount a decisive attack on the 3,280 level stretched into a second consecutive
      Source: Bloomberg  -  594 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Jun 19 VALUE CLOSE BT OB/OS -83.00 -50.00 BT CADI -*****.00 +18.00 BT 10-day MA -*****.00 -9.00 FTSE ST Mid Cap 773.75 +0.30 FTSE ST Small Cap 559.28 +1.69 FTSE ST All Share 798.17 -1.24 FTSE ST China Top 199.87 +0.31 FTSE ST China 225.95 -0.89 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      59 6 VOLUME Mirach Energy 142,051,000 JES Intl 126,172,000 Blumont 107,003,000 Polaris 91,984,000 Cacola 58,887,000 Charisma Energy 47,975,000 KLW Hldgs 44,099,000 Addvalue Tech 36,917,000 APAC Strategic 35,359,000 Vallianz 35,203,000 VALUE($) SingTel 93,810,273 ST Engineering 44,127,160 DBS Grp 41,969,150 Global Logistic 38,867,600 YZJ Shipbldg SGD 37,943,455 Mirach Energy 35,721,665 UOB
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 8 3 0 0 0 3 8 3 Manufacturing 46 43 54 8 10 6 54 53 60 Commerce 19 18 30 2 1 8 21 19 38 Tpt/Stor/Comms 20 13 10
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    • Article
      Lock icon BROKERS’ TAKE
      949 6  -  Compiled by CAI HAOXIANG Yangzijiang Shipbuilding June 19 close: S$1.14 Maybank Kim Eng Research, June 18 YANGZIJIANG (YZJ) has secured a contract to build four 260,000 DWT (deadweight tonnage) very large ore carriers (VLOC) for an Austral-ia-based ore company listed on the Australian Securities Exchange. This is YZJ’s
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 28,113 28,113 90,014 90,014 Manufacturing 485,883 218,053 703,936 159,561 8,443 168,004 Commerce 120,974 103,474 224,448 108,239 9,392 117,631 Tpt/Stor/Comms 134,289 9,664 143,953 220,637 1,267 221,904 Finance 39,841 143 39,984 112,721 46 112,766 Construction 34,989 50,884
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      120 6 Stock name Close Change Ascendas Reit 2.300 +0.020 CapitaLand 3.230 +0.020 CapitaMall Trust 1.960 -0.005 CityDev 10.310 +0.040 ComfortDelGro 2.440 -0.040 DBS Grp 17.080 +0.020 Genting Sing 1.330 Global Logistic 2.670 Golden Agri-Res 0.570 HPH Trust USD 0.720 -0.010 HongkongLand USD 6.670 -0.070 JMH 400 USD
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    • Article, Illustration
      Lock icon Chinese yuan back in favour
      521 6 CURRENCIES Reuters [SINGAPORE] Investor sentiment on most emerging Asian currencies improved over the past two weeks, with the first bullish bets seen on China’s yuan in four months as the currency showed signs of stabilising, according to a Reuters poll yesterday. Long positions on the
      Reuters; PHOTO: REUTERS  -  521 words
    • Article
      Lock icon RISES
      116 6 BY CENTS CLOSE UP DBXT AUDCS 5US$ ***** 175.8 0.7 SPDRS S&P 500 10US$ ***** 169.6 0.7 GLD 10US$ ***** 150.9 1.0 DBXT EONIA 5US$ ***** 145.9 0.6 DBXT iBoxxSvEu 5US$ ***** 145.9 0.4 Lyxor ThaiSET 10US$ ***** 129.7 0.8 DBXT SPASX200 10US$ 4237 124.7 2.4 DBXT AUDCS 5SG$
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    • Article
      Lock icon FALLS
      131 6 BY CENTS CLOSE DOWN JSH 500 USD 3642 -41.1 -0.9 DBXT USDIGInfl 5US$ ***** -39.9 -0.1 Lyxor MS India 10US$ 1579 -21.2 -1.1 DBXT S&P Short 10US$ 2403 -18.7 -0.6 DBS Bk 4.7% NCPS 100 ***** -15.0 -0.1 Petra Foods 375 -12.0 -3.1 DBXT FTVietnam 10US$ 2741 -11.2 -0.3
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      251 7 9 iProperty.com INTERNATIONAL PROPERTY INVESTMENT EXPO '£TT gam Citrine at the Lakeview (Iskandar Malaysia) by Sunway Iskandar Suntec Convention Exhibition Centre Hall 403 21 22 June 2014 10:00am 8:00pm COMPLIMENTARY SEMINARS 21 June, Saturday 22 June, Sunday tto Singapore? By Charlie Chia Lui Meng, Group Chief Executive Officer of United
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon The importance to SMEs of being focused
      651 8  -  Spring S’pore urges SMEs to specialise, and boost tie-ups with German SMEs By MINDY TAN tanmindy@sph.com.sg @MindyTanBT AT a factory that specialises in the manufacture of glass lenses in Germany, Spring Singapore deputy chief executive Ted Tan’s simple question why don’t you outsource
      PHOTO: ARTHUR LEE  -  651 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Wanted: your views on airline tie-up
        107 8 THE Competition Commission of Singapore (CCS) is seeking public feedback on the proposed commercial alliance between Etihad Airways and Jet Airways (India). The watchdog agency said it received a notification for decision on June 6 about the proposed tie-up between the two carriers, which
        107 words
      • Article
        Lock icon Poly scholarships for Sports School alumni
        66 8 IT-services firm Atos, which opened its Asia-Pacific headquarters and Singapore office in Toa Payoh North yesterday, will sponsor three scholarships for Singapore Sports School (SSP) alumni pursuing the Diploma in Sports and Leisure Management programme at the nearby Republic Polytechnic (RP). The scholarship covers
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    • Article
      Lock icon Visa expands commercial offers app
      404 8  -  It will enable vouchers on app, expand offerings, get more merchants By MINDY TAN tanmindy@sph.com.sg @MindyTanBT VISA’S commercial offers programme, previously hosted on a Web portal but which has existed in the form of a mobile application for the last half year, has been downloaded
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    • Article
      Lock icon Poly accountancy students get new route to ACA
      393 8  -  By LESTER WONG lesterw@sph.com.sg ACCOUNTANCY students in polytechnics can now work towards getting a professional certification while still pursuing their diploma. A programme opening up this new route will be jointly developed by Singapore Polytechnic (SP) and the Institute of Chartered Accountants
      393 words
    • Article
      Lock icon May CPI expected to rise 2.6% to six-month high: poll
      121 8 Reuters [SINGAPORE] Singapore’s annual consumer inflation rate probably accelerated to a six-month high in May, a Reuters poll showed on Wednesday, due partly to higher transport costs and a low base in a year earlier. The median forecast of 10
      Reuters  -  121 words
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      Lock icon Page 8 Advertisements Column 1
      1880 8 The Business Times Ik ~T I 1 I /"I I 1 Toll free 1800-289-8822 I I Email notices@sph.com.sg I V i www.sphclass.com.sg/notices >?>'!"}=;[?=*'[\<|~]>~{`@@+\`,& In the Matter of The Companies Act, (Cap. 50) And In the Matter of Titan Gemini Pte. Ltd. (In Creditors’ Voluntary Liquidation) Company Registration No. *****5433C NOTICE
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      203 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KILMESTON ENTERPRISES PTE LTD Company No. *****3947E (In Members’ Voluntary Winding Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting of the
      203 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon SKPet unit HL wins contracts worth RM1.3b
      519 9  -  The contracts are for wellhead platforms and associated sub-sea pipelines By PAULINE NG in Kuala Lumpur HL Sdn Bhd, a wholly owned subsidiary of integrated oil and gas services company SapuraKencana Petroleum (SKPet), has been awarded two engineering, procurement, construction, installation and commissioning
      519 words
    • Article
      Lock icon Prabowo’s Syariah hub vow falls on sceptical ears
      443 9 Bloomberg [JAKARTA] Presidential candidate Prabowo Subianto’s pledge to make Indonesia a global Syariah-compli-ant finance hub isn’t convincing the main industry association, which is seeking a focus on improving rules. Mr Prabowo, who is backed by three of the four major Islamic political
      Bloomberg  -  443 words
    • Article, Illustration
      Lock icon Jokowi campaign slips ahead of elections
      660 9 His lead has shrunk by half in a month according to a poll Bloomberg [JAKARTA] Indonesia presidential front-runner Joko Widodo’s lead has shrunk by half in a month according to a recent opinion poll, as his well-funded opponent casts him as ill-suited for the
      Bloomberg; PHOTO: REUTERS  -  660 words
    • Article
      Lock icon MAS told to provide Syariah-compliant uniforms
      222 9 [PETALING JAYA] Malaysia Airlines (MAS) has been told by the Transport Ministry to give Muslim stewardesses the option to don Syariah-compliant uniforms, The Star reported. In a written reply to an opposition member of parliament, Acting Transport Minister Hishammuddin Hussein said that airlines had
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      Lock icon Page 9 Advertisements Column 1
      101 9 Wine, Dine Hospitality Highlights k. v i ii i i ■•’.■aWEEKEND AFTERNOON HIGH TEA CONRAD CENTENNIAL SINGAPORE Elegance indulgence re-defined Indulge in a buffet of oysters, meat carving stations, unlimited chocolate goodness and tropical sangrias to kick start your weekend! Lobby Lounge Available every Saturday, Sunday and Public Holiday from
      101 words
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      Lock icon Page 9 Advertisements Column 2
      48 9 2014 MAN U FACTURIN GSOLUTIONSEXPO Empowering Manufacturing Sectors with Solutions 8 to 10 October 2014 Suntec Convention Exhibition Centre Halls 401 403 ms-expo.com -B 9A r* VS ifH To Exhibit: Tel: +65 6319 4021 Email; mse@sph.com.sg To Visit: Pre-register at ms-expo.com Organised by: sphere A SUBSIDIARY OF Sffl
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      Lock icon Page 9 Advertisements Column 3
      103 9 IFBO VIETNAM 2014 International Franchise Business Opportunities 4-6 September 2014 10.00am 5.00pm Tan Binh Exhibition Convention Centre Ho Chi Minh City, Vietnam International franchise brands and business concepts under one roof Get free lessons on franchising from the experts! Pick up useful tips on doing business in Vietnam *Enjoy preferential
      103 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon HK to hold ‘referendum’ on democracy
      762 10 Escalating campaign of dissent may shut down financial district Reuters [HONG KONG] Hong Kong holds a controversial “referendum” on democracy today, a prelude to an escalating campaign of dissent that could shut down the former British colony’s financial district and further anger China’s Communist
      Reuters  -  762 words
    • Article, Illustration
      Lock icon India Inc picks women relatives to meet boardroom quotas
      847 10 Mukesh Ambani’s wife Nita voted as director of Reliance AFP [MUMBAI] Confronted by a new law aimed at addressing the widespread absence of women from India’s boardrooms, the country’s richest businessman decided he knew just the woman for the job his
      AFP; PHOTO: AFP  -  847 words
    • Article
      Lock icon Chinese firms in a dilemma over exports to Ukraine
      604 10  -  Goods ordered are not delivered and orders drop sharply By MARK O'NEILL EJ Insight [HONG KONG] At the Guangzhou Trade Fair last autumn, Fu Yingjie signed a contract worth US$483,000 to sell 8,000 rice cookers to Ukraine. The buyer made a
      EJ Insight  -  604 words
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  • WORLD
    • Article
      Lock icon Cash-rich Asia PE firms pressured to take risks
      976 11 When assets come up for sale, they try to outbid one another and are ready to take on expensive loans Reuters [HONG KONG] A little over a month ago, a Texas power utility at the centre of the biggest leveraged buyout in
      Reuters  -  976 words
    • Article, Illustration
      Lock icon Aussie retailer David Jones postpones takeover vote
      336 11 Reuters [SYDNEY] Australian department store operator David Jones Ltd said that it will postpone a shareholder vote on a US$2 billion takeover bid from South Africa’s Woolworths Holdings until mid-July after Australian billionaire Solomon Lew said that he had acquired a 9.89 per
      Reuters; PHOTO: AFP  -  336 words
    • Article
      Lock icon ‘Yo’ investors pour US$1m in app that says just that
      322 11 AFP [LOS ANGELES] A new instant messaging app that only allows users to send a single word to their friends is quickly becoming a hot commodity, raising US$1 million in two months, US media reported on Wednesday. The Yo app
      AFP  -  322 words
    • Article
      Lock icon EU said to be making empty threat in trade deal
      446 12 It threatens to take access to financial services out of the TTIP pact with US Reuters [BRUSSELS] The European Union’s threat to take access to financial services off the table in a trade deal with the US is an empty
      Reuters  -  446 words
    • Article, Illustration
      Lock icon Eurozone recession not quite over
      755 12 NYT [FRANKFURT] Many people probably thought the eurozone recession ended about a year ago when output began growing again. Not so, a group of leading economists argued this week. Growth is still too weak and unemployment too high to declare the recession over, economists at
      NYT; PHOTO: BLOOMBERG  -  755 words
    • Article
      Lock icon Markit raises US$1.28b from IPO
      289 12 Reuters [BANGALORE] Markit Ltd said that it priced its initial public offering (IPO) at US$24 per share, valuing the financial information service provider at about US$4.3 billion. Markit’s IPO raised about US$1.28 billion, after the company priced its enlarged offering of 53.5 million shares at
      Reuters  -  289 words
    • Article, Illustration
      Lock icon More support seen for bid to relax EU budget targets
      695 12 NYT [BRUSSELS] France and Italy, still struggling to meet the eurozone’s tough budget targets, may be gaining support for an effort to relax the rules. The effort, backed by Socialists in the newly elected European Parliament, could colour discussions in
      NYT; PHOTO: AFP  -  695 words
    • Article
      Lock icon UBS, Credit Suisse urged to boost leverage ratios
      439 12 Bloomberg [ZURICH] UBS AG and Credit Suisse Group AG should further boost the capital they hold as a share of total assets to guard against risks including litigation, the Swiss central bank said yesterday. “The loss potential for the Swiss big banks
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    • Article
      Lock icon Argentina says next bond payment is ‘impossible’
      835 13 Talks between Argentina and holdout creditors in New York next week Reuters [BUENOS AIRES] Argentina threatened to default on its debt on Wednesday when the government called it “impossible” to pay bond service due on June 30, citing a US court decision earlier
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      Lock icon UK retail sales fall 0.5% in May
      407 13 The drop comes despite strong sales of football shirts ahead of World Cup Reuters [LONDON] British retail sales fell last month for the first time since January despite strong sales of replica football shirts ahead of the World Cup, official data showed yesterday.
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      Lock icon L’Oreal eyes more acquisitions after it buys NYX Cosmetics
      616 13 Bloomberg [PARIS] L’Oreal SA, on course to spend more than US$5 billion on acquisitions in the first half of 2014, may just be getting started. “We are confident that we will find other opportunities this year or next year,” Jean-Paul Agon,
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    • Article
      Lock icon Global ad group WPP sees pick-up in demand
      553 13 This is from clients in parts of Europe, US, says its chief Reuters [CANNES, France] WPP, the world’s biggest advertising group, has seen stronger demand from clients in the US and parts of Europe, chief executive Martin Sorrell said on Wednesday. Speaking
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      Lock icon Japan’s business mood shows no ill effects of sales tax hike
      642 14 Confidence holds steady in June; further signs of economy’s resilience Reuters [TOKYO] Confidence of Japanese manufacturers held steady in June while the ser-vice-sector mood rebounded from the prior month, a Reuters poll showed, further signs of resilience in the
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      Lock icon BlackBerry narrows Q1 loss under its new chief
      629 14 US$966m sales beat analysts’ estimates of US$954m Bloom berg [NEW YORK] BlackBerry Ltd reported a narrower loss than analysts estimated, as cost cuts and asset sales helped drive the smartphone maker’s turnaround under a new boss. BlackBerry reported yesterday a loss of
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    • Article
      Lock icon Bank of England resolves to improve banking standards
      504 14 It has already forced a firm to limit lending, deposit-taking Reuters [LONDON] The Bank of England (BOE) is determined to improve business standards at banks, and has already forced an unidentified firm to limit its lending and de-posit-taking until it met regulatory
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    • Article
      Lock icon Vietnam props up economy by devaluing dong
      619 14 Move will mitigate pressure from row with China Reuters [HANOI] Vietnam devalued its currency for the first time in a year in what analysts said was an effort to prop up its economy without having to reduce policy rates and stoke inflationary pressures.
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    • Article
      Lock icon France unveils measures to boost tourism
      423 14 AFP [PARIS] France unveiled yesterday plans to boost tourism and said that it needed to eradicate its surly reputation as the world’s top destination for foreign visitors faces increasingly stiff competition. France and particularly Paris has a reputation for being unfriendly to tourists, especially
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      2591 11 THE BUSINESS TIMES Ik 1 f 1 Toll free 1800-289-8822 I fl I I Email notices@sph.com.sg B i j L J www.sphclass.com.sg/notices SINGAPORE LAND LIMITED (Incorporated in Singapore) (Company Registration No.: *****0170C) LOST SHARE CERTIFICATE Notice is hereby given that the following share certificate in the name of Lim Ming
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      32 12 Want access to A BBQ pits? If you're looking for your dream condo complete with facilities, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.
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      589 13 The Business Times NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP 50) AND IN THE MATTER OF KIAW AIK INVESTMENT PTE LTD (In members’voluntary liquidation) Registration No: *****0385R NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of The Companies Act, Cap. 50, the Final
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  • AVIATION
    • Article, Illustration
      Lock icon Qatar Airways leveraging new hub
      933 15  -  US$15b Hamad International Airport is a third the size of Qatar’s capital city By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT QATAR Airways is banking on Doha’s gleaming new airport, Hamad International (HIA), to bolster its network, even as elsewhere in the region the Gulf states are expanding
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    • Article
      Lock icon Rerouting of flights at Houston to save airlines millions in fuel
      643 15 Bloomberg [WASHINGTON] New flight routes into and out of Houston based on navigation technology from a US$42 billion US air-traffic modernisation project will save airlines millions of dollars in fuel in one of the programme’s first measurable results. Using
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    • Article
      Lock icon B787 fire at Heathrow linked to wiring
      358 15 Blaze started in a battery in the plane’s emergency locator transmitter Bloomberg [NEW YORK] UK investigators linked the fire on board a parked Boeing Co 787 Dreamliner at London’s Heathrow Airport last year to faulty wiring in the plane’s emergency locator transmitter. The
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    • Article
      Lock icon TRANSPORT STOCKS
      245 15 SGX '000 Jun 19 S$ +/-Vol Ch Offshore 0.45 0.01 41 Chuan Hup Hldg 0.29 unch 221 Cosco Corp 0.73 unch 2584 Cwt Limited...............1.72 0.03 1843 First Ship Lea 0.09 unch 63 Grand Banks 0.27 unch 104 Jaya Hold Ltd 0.01 K1Ventures Chuan Hup Hldg Keppel Corp 10.66
      245 words
    • Article
      Lock icon Premium travel outlook more positive
      321 15  -  By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT THE demand for premium seats in international markets appears to be stabilising with the number of travellers in premium cabins growing at a sharper 3.8 per cent globally in April, compared to just 1.9 per cent a month earlier. “The
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  • EDITORIAL & OPINION
    • Article
      Lock icon Thai junta’s populism not sustainable
      484 16 EDITORIAL SINCE the May 22 coup that displaced former Thai prime minister Yingluck Shinawatra and her government, the country’s military has been busy adopting some of the populist measures pioneered by Ms Yingluck’s elder brother and fugitive former premier Thaksin Shinawatra. The junta’s leader, General
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      Lock icon Milestone in US jobs numbers does not lessen economic uncertainty
      653 16  -  THE BOTTOM LINE LEON HADAR Washington Correspondent THE economic recovery seems to be pulling ahead according to the new unemployment numbers released recently by the US Labor Department. American employers added 217,000 new jobs last month, the fourth straight month
      653 words
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      Lock icon S’pore’s new IP regime a boost for businesses
      1144 16  -  A ‘positive grant’ system offers more certainty and assurance than a ‘self-assessment’ one By LAU KOK KENG The writer is equity partner at Rajah Tann; his main practice areas are intellectual property, gaming, sports, media and entertainment law SINGAPORE released its Intellectual
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      Lock icon Who’s the real winner in Europe?
      808 17  -  Genuine democratic mandate did not go to the person who claims to have won the European Parliament election By DANIEL GROS The writer is director of the Center for European Policy Studies Project Syndicate THE fight over who will be the European Commission’s next
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      Lock icon The ups and downs of progress
      861 17  -  By DAVID BROOKS NYT MOST of us are trying to get better at something. And when we think about our future progress, we tend to imagine that we will improve linearly. We’ll work hard at mastering some skill; we’ll steadily get better and better.
      NYT; PHOTO: AFP  -  861 words
    • Article, Illustration
      Lock icon A BRICS Bank could cause harm
      704 17  -  REUTERS BREAKINGVIEWS By ANDY MUKHERJEE BRAZIL, Russia, India, China and South Africa want to clone the World Bank. It’s one of those worthwhile initiatives that can end up causing harm. While the proposed BRICS Bank could help ease the US$1.4 tril-lion-a-year infrastructure financing gap
      704 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Empire State goes for hot and hip with in-house gym
      1065 18 Iconic building hopes to shed its dowdy image as just a tourist landmark NYT [NEW YORK] Workers inside the Empire State Building may soon be able to imagine testing their weightlifting prowess or other muscle-building regimens against the mythical feats
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      Lock icon NY luxury condos boast Eden-like gardens
      1034 19 Some projects are so exclusive they are off-limits even to the residents NYT [NEW YORK] Deborah Nevins is one of the most sought-after landscape designers in the world. She has seeded and sodded estates for the likes of David Geffen, Stavros Niarchos and Rupert
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  • Page 18 Advertisements
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      481 18 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements THE BUSINESS TIMES CLASSIFIED BUY IT SELL IT FIND IT D04 HOUSE FOR SALE SENTOSA Bungalow Sentosa 3½-Storey 8159 sqft,6+1 ensuite, 2 living, Pool, Lift, Berth. Also for rent. Owner 9144 0027/ 9771 6341 D04 HOUSE FOR SALE SENTOSA COVEWAY Sentosa Coveway
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      127 18 D07 APARTMENT FOR SALE CONCOURSE SKYLINE 1152 sqft. 2 bdrms, balcony. High floor. MBS/ pool view. Show House Sat/ Sun 10am-1pm. Don’t miss! D15 APARTMENT FOR SALE AMBER SKYE Freehold with pte lift. City/sea view. Fr $16xx psf till Sunday. View by appt. Call Francis 9642 2792 D10 HOUSE FOR
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      464 19 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements The Business Times CLASSIFIED BUY IT SELL IT FIND IT D15 HOUSE FOR RENT 13, FRANKEL STREET Open House this Sat Sun 10am-12pm. Tastefully designed Bungalow. 4 bdrms courtyard. Approx 6000/4500 sf. Mins to ECP. Call 9222 2691 Jay D15 HOUSE FOR
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      74 19 D14 FACTORY FOR RENT TECHLINK 616 sqm. Renovated. Pioneer Point. 969 sf. Ramp up. Avail immed. Grab now!! 9369 8269 Carol D23 FACTORY FOR RENT THE ELITIST $2.30 psf for Rent, $639 psf for Sale. Brand New! Office/ Warehouse. Bare. The Elitist Bt Batok. 1012/ 1033/ 2045 sf. *****967 Theresa,
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  • Article
    Lock icon SHIPPING TIMES
    2200 20 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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      39 20 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The Business Times Shipping Times
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      132 21 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4147 22 Transaction date: Jun 19 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 97.5 69 ABR 20 5.1 A-Sonic Aero ('000) High Low Buyer Seller Div Gr Yld C'vr Net
      4,147 words
    • Article
      Lock icon SGX CATALIST
      388 23 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 32 23 t 3Cnergy 500 Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) 40.5 16 t
      388 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      10541 23 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited 1.58/ APS Alpha Fund (USD)!* 1.27/ Global Emerging Markets!** L 0 9843/ s'' Pacific Equity USD!** S'pore Equity USD!** 2.029/ Thailand Equity USD!** S'pore Equity Cl I USD 2.8896/ Malaysian
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    • Article
      Lock icon GLOBALQUOTE
      236 23 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 Company 343 214 TanChongInt HK332 -3 90 336 332 331 335 9.7 3.2 3.3 6686.1 DISCLAIMER: All information is published “as is” without warranty of any
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    • Article
      Lock icon SGX ETF
      1120 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 118 108.3 ABF SG Bond ETF 115.1 +0.6 115.1 115.1 115 115.2 525.4 135.5 119 CIMB APAC Div 100S$D 130.6 +0.2 130.6 130.6 129.3 131.9 108.9
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      658 24 Jun 19 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.35 *****.38 *****.28 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****9 Dec14 *****.00 11 ***** MSCI TAIWAN INDEX FUTURES SPOT 331.94 333.74 331.79 Jun14 331.20 333.10 329.90 333.10 ***** *****6 Jul14 326.00 328.20 324.90 328.20
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 24 In local curr In S$ In US$ dy yr dy yr dy yr Jun 18 Index Change Change Change Change Change Change World Preliminary 1231.0 0.1 3.9 -0.1 3.3 0.1 4.2 EAFE Preliminary 974.6 0.2 1.9 0.1 1.8 0.2 2.7 Europe Preliminary 1411.5 0.1 4.2
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 24 Jun 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.019 5.873 0.691 7.304 56.565 112.517 0.959 9.598 3.030 1.081 92.525 41.298 1.175 10.040 0.841 28.279 30.542 0.554 0.942 Canada 0.981 5.761
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    • Article
      Lock icon SIBOR
      39 24 Jun 19 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 3 mths 6 mths 6 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      82 24 Jun 19 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.125 01-Apr-16 101.22 5-Year NX*****W 2.5 01-Jun-19 105.76 105.85 105.85 10-Year NX*****H 2.750 01-Jul-23 103.05 103.20
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    • Article
      Lock icon PRECIOUS METALS
      120 24 Jun 19 GOLD(US$/oz) Jun 19 Jun 18 Hong Kong 1285.00 1273.00 Jun 18 Jun 17 London 1270.36 1269.60 1271.11 1270.25 Source: Thomson Reuters CAST BAR Jun 19 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 49 5gm 309 255 10gm 576 512
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    • Article
      Lock icon PALM OIL
      57 24 Jun 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 14 2489.0 2484.0 2489.0 2462.0 724 6481 Aug 14 2473.0 2475.0 2485.0 2450.0 6631 ***** Sep 14 2464.0 2466.0 2477.0 2440.0 ***** ***** Oct 14 2464.0 2465.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 24 Jun 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1745 1.1755 0.9421 0.9426 Canadian dollar 1.1521 1.1530 0.9246 0.9241 Euro 1.6993 1.7000 1.3630 1.3632 NZ dollar 1.0865 1.0876 0.8715 0.8721 Sterling pound 2.1206 2.1218 1.7010 1.7014
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 24 As at 9am Jun 19 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.201 1.144 Can dollar 1.174 1.129 Euro 1.736 1.654 Sterling pound 2.162 2.079 NZ dollar 1.114 1.072 US dollar 1.274 1.214 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      157 24 Jun 19 $S Offer Bid 0vernight 0.06 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.08 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1069 24 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 17 0.3 1 13 1.05 49 Asia-Pacific Strategic W*****6 Ratio Exer Albedo Limited W*****9 Prem Asiatic Grp(Hldgs) Ltd W*****5 2.3 unch 248 0.0 2 15 Asiatravel.com HoldingsW*****7 9.6
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    • Article
      Lock icon CHICAGO BOT
      109 24 Jun 18 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 14 1409.00 1398.25 1419.00 1393.50 Aug 14 1357.25 1348.50 1365.50 1340.75 Sep 14 1249.50 1244.00 1256.25 1237.25 Nov 14 1213.00 1212.00 1219.00 1206.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 14
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    • Article
      Lock icon LIFFE
      95 24 Jun 18 COCOA (£/tonne) Close Prev High Low Jul 14 1974 1970 1975 1962 Sep 14 1948 1941 1949 1934 Dec 14 1934 1927 1936 1922 Mar 15 1923 1918 1925 1912 COFFEE(US$/tonne) Close Prev High Low Jul 14 1974 1956 1982 1944 Sep 14 1982 1970 1990 1959
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 24 CRUDE OIL PRODUCTS Jun 18 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 114.11 0.14 WTI (Near Mth) 106.17 -0.08 Dubai (1-Mth F) 109.35 0.84 Tapis blend 117.05 1.19 Minas 112.95 1.19 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 106.94 1.00 Jet Kerosene 123.30 1.72 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 24 Jun 19 S$ Bid Offer 1-month 1.2467 1.2471 2-months 1.2466 1.2471 3-months 1.2466 1.2471 6-months 1.2464 1.2469 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      932 24 Jun-18 24 FINANCE COMMODITIES SGX DERIVATIVES TRADING Jun 19 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.35 *****.38 *****.28 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****9 Dec14 *****.00 11 ***** MSCI TAIWAN INDEX FUTURES SPOT 331.94 333.74 331.79 Jun14 331.20 333.10 329.90 333.10 *****
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  • executive lifestyle
    • Article, Illustration
      Lock icon Encore for Singapore films at Cannes
      1434 25  -  A record number of local titles were invited to the prestigious film festival this year and although only one received an award, the rest got invaluable exposure, reports DYLAN TAN reportsDYLAN reportsDYLAN TAN dylantan@sph.com.sg @DylanTanSYBT THE wait for the next Anthony Chen shouldn’t take
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    • Article, Illustration
      Lock icon How S’pore has fared at Cannes over the years
      288 25 1997:Eric Khoo’s ensemble-cast heartland drama 12 Storeys became the first Singapore film to be invited for the Un Certain Regard section. 2003:Tan Pin Pin’s Moving House selected for the Kodak Emerging Filmmakers Showcase. 2005:Eric Khoo’s Be With Me a 93-minute drama
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    • CINEMA/MUSIC
      • Article, Illustration
        Lock icon Accepting life’s harsh realities with grace
        590 26  -  The Fault in Our Stars handles serious illness with minimum melodrama, says GEOFFREY EU GEOFFREY EU WHEN dying young is a major part of the plot and one or more of the protagonists is afflicted with an incurable disease, it’s a foregone conclusion that
        590 words
      • Article, Illustration
        Lock icon Parody that can be tedious at times
        550 26  -  By GEOFFREY EU “IT’S always worse the second time around,” says Deputy Chief Hardy (Nick Offerman), the police captain who reassigns cops Morton Schmidt (Jonah Hill) and Greg Jenko (Channing Tatum) to the undercover cops-in-schools programme called 22 Jump Street and it’s hard
        550 words
      • Article, Illustration
        Lock icon A feast for the eyes and ears
        372 26  -  By GEORGINE VERANO gverano@sph.com.sg THEY say the third time’s the charm, and Lourdes Hernandez, better known by her stage name Russian Red, was all charm as she stepped onto the stage at the mid-sized TAB last Friday for her one-night performance that was
        372 words
      • Article, Illustration
        Lock icon Real-life scares for cast of Malaysian horror movie
        492 26  -  By GEORGINE VERANO gverano@sph.com.sg Additional reporting by RACHEL LOI HORROR films like The Blair Witch Project and The Exorcist were not just famous for scaring audiences but also notorious for supernatural incidents that took place on the sets. Teddy Chin, 29, and
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    • ARTS
      • Article, Illustration
        Lock icon Putting East European art in the spotlight
        690 27  -  Next month’s Art Apart Fair will showcase Russian, Ukrainian and Serbian artworks, reportsHELMI HELMI YUSOF helmi@sph.com.sg @HelmiBT RUSSIAN art will take centrestage at the fourth edition of Art Apart Fair when it returns next month to the Parkroyal on Pickering. According to founder
        690 words
      • Article, Illustration
        Lock icon Art for under $3,000 at pop-up show
        464 27  -  By HELMI YUSOF helmi@sph.com.sg @HelmiBT FOR former advertising executive Hoong Yun Peng, her new career as the organiser of pop-up art shows is a long time coming. Today marks the opening of Fun Art, the first of what she hopes to be a
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      • Article, Illustration
        Lock icon Nostalgic paintings wow collectors
        519 27  -  By HELMI YUSOF helmi@sph.com.sg @HelmiBT EVEN before the opening of his first solo show at OCBC Art Space last Friday, painter Hilmi Johandi has sold five of the eight paintings being displayed at the bank’s Chulia Street head office lobby. The artist, who graduated last year
        519 words
      • Article, Illustration
        Lock icon Le Noir’s back, with thrills galore
        469 27  -  By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT IMAGINE a pair of giant spinning wheels rotating high above the stage, with two men running inside and even on top of them like deranged hamsters. Without any safety harness, these Colombian acrobats jump, sprint and even skip rope
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      • Article, Illustration
        Lock icon Docudrama to introduce Georgette Chen to more Singaporeans
        637 28  -  By RACHEL LOI rachloi@sph.com.sg @RachelLoiBT HOW much do you know about Georgette Chen apart from the fact that she was one of Singapore’s most prominent female artists of the 20th century, and one of the forerunners in Singapore art alongside people like
        637 words
      • Article, Illustration
        Lock icon Creating enormous bronze apples for Farrer Park hotel
        1119 28  -  UI-HOONgoes behind the scenes of a monumental sculpture-in-the-making CHEAH UI-HOON THERE are Buddha figurines everywhere, in various stages of being made including a gigantic one where the lower half of the body is touching the roof of the foundry warehouse. In the
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      • Article
        Lock icon 500 original artworks for new hotel and hospital
        571 28  -  By CHEAH UI–HOON IN what is the single largest art commission of its kind in Singapore, the Farrer Park Company has commissioned more than 500 original artworks for its 250-room hotel and 145-room hospital. The iconic commissions will be the monumental Apollo
        571 words
      • Article, Illustration
        Lock icon A fresh perspective of Chinatown
        1053 28  -  By CHEAH UI-HOON uihoon@sph.com.sg ARTIST Tung Yue Nang is perhaps best remembered for his series of Peranakan chinaware a plate or a bowl, viewed from the top and with intricately representative details, framed in strict lines and a solidly red cloth. One can’t think of
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    • WINE/ARTS
      • Around Town
        • Article, Illustration
          Lock icon Pick of the Week
          180 29 Singapore! A Musical Celebration 3: Presented by the Singapore Wind Symphony (SWS) and Esplanade Theatres by the Bay, Singapore! A Musical Celebration 3 is the third in a series of concerts by the SWS with the aim of promoting Singapore’s music culture. This concert will feature
          180 words
        • Article, Illustration
          Lock icon Exhibitions
          320 29  -  Compiled by GEORGINE VERANO gverano@sph.com.sg A Solo Exhibition by Tang Juey Lee: Tang Juey Lee, the Malaysian artist known as “Singapore’s Orchid Artist”, returns to the Republic after 23 years with a solo exhibition featuring 20 of his works. It includes a painting that features both Singapore and Malaysia’s
          320 words
      • Article, Illustration
        Lock icon The nuts and bolts of wine investment
        1238 29  -  If it’s not profitable to sell, you can always drink up your wines. ByN ByN K YONG I WOULD like to return to the subject of wine investment for this week’s column, especially as a friend of mine has uncovered what looks like
        PHOTO: BLOOMBERG  -  1,238 words
      • Article, Illustration
        Lock icon Fab Four return on mono vinyl format
        484 29  -  By DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT A GOOD thing never gets old and fans of The Beatles can prepare to hear the Fab Four exactly like the way they first heard the group in the 60s, when a new collection is released in September.
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  • Page 29 Miscellaneous
    • Miscellaneous
      Lock icon Page 29 Miscellaneous Column 1
      330 29 CRYPTIC CROSSWORD Across 1 Joker Georgia makes two appearances in town down under (5,5) 6 Writer or his son wrong not to finish (4) 9 In county one has nasty lout leading delegation (10) 10 Champagne substitute used in toasting? (4) 12 Little fellow is about to meet politician hour
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  • Page 30 Advertisements
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      Lock icon Page 30 Advertisements Column 1
      115 30 Audi Vorsprung durch Technik GOOD The future's bright. Audi Matrix LED. The world's most advanced headlight technology. With almost a billion different high beam configurations, Audi Matrix LED puts next generation technology at the heart of your driving experience. Detecting oncoming cars to prevent unwanted glare, adapting to bends for
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