The Business Times, 28 August 2009

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Total Pages: 68
1 68 The Business Times
  • 40 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg Sf^l A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 123/08/2009 Friday, August 28,2009 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg Sft\ A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 123/08/2009 Friday, August 28,2009
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  • 696 1  -  RONNIE LIM Three groups shortlisted for Jurong Island project, with construction due to start next January By [SINGAPORE] Construction of Singapore's $1-1.5 billion liquefied natural gas (LNG) terminal on Jurong Island is set to kick off next January, says Lawrence Wong, CEO of
    JOHNHENG  -  696 words
  • MARKETS DIGEST
    • 29 1 SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 15.394 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.25 SWITZERLAND 0.51 INDIA 11.75 Source: Bloomberg
      Bloomberg  -  29 words
    • 47 1 lursi lay lange 1COMP 1,176.90 +4.34 IIKKEI225 10,473.97 -165.74 1ANG SENG 20,242.75 -213.57 ;et index 652.40 -5.88 JAKARTA COM P 2,356.06 -24.02 IANILACOMP 2,881.40 +17.87 ;eoulcomp 1,599.33 -14.79 ;henzhen b 502.80 -1.13 IUMBAI IND 15,781.07 +11.22 12 noon EDT Change )OW 9,526.89 -16.63 IASDAQ 2,005.01 -19.42
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    • 41 1 ier (US$/S$ ier£) 1.620 2.341 ;URO (US$/S$/E) 1.424 2.057 Foreign currency per US$ S$ 'EN 93.70 64.90 3.535 2.446 IK$ 7.751 5.364 !AHT 34.03 23.55 lUPIAH 10,095 6,987 lENMINBI 6.832 4.728 INDIAN RUPEE 48.90 33.84 1.207 0.835 IZ$ 1.473 1.019
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  • 651 1  -  CHEW XIANG Lawyers for MAS and Pheim CEO swing into action on first day of hearing By [SINGAPORE] A prominent fund manager sued by the Monetary Authority of Singapore (MAS) for alleged false trading in United Envirotech (UET) shares will call
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  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 63 1 JPj AVIATION SAFEST BANKS SPORE COMPANIES SMALL BUSINESSES §R(H|g3H£» Bottoming seen Spore banks move EuYan Sang eyes acquisitions, How to steal a march on lL.it! *r\ in global air traffic higher on global list joint ventures competitors PAGE 3 PAGE 7 PAGE 16 -W^ X' Tellina idled J in the
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  • TOP STORIES
    • 610 2  -  VEN SREENIVASAN July passenger drop slows to 2.9% from June's 7.2%; cargo dip also smaller By' [SINGAPORE] Global air passenger and cargo traffic showed signs of bottoming in July, with sequentially smaller falls in demand. But revenue and yields remained under pressure, especially among
      REUTERS  -  610 words
    • THREE-MINUTE DIGEST
      • 79 2 CONSTRUCTION of Singapore's $1-1.5 billion liquefied natural gas terminal on Jurong Island is set to kick off next January, says Lawrence Wong, CEO of the Energy Market Authority that is now spearheading the crucial project. EMA is evaluating designs and bids from three
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      • 49 2 A PROMINENT fund manager sued by the Monetary Authority of Singapore for alleged false trading in United Envirotech shares will call a top Singapore Exchange official as an expert witness in his defence, the High Court heard yesterday. FRONT PAGE
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      • 93 2 GLOBAL air passenger and cargo traffic showed signs of bottoming in July, with sequentially smaller falls in demand. But revenue and yields remained under pressure, especially among Asia-Pacific carriers, as more travellers traded down to cheaper tickets. According to the latest data released by
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      • 96 2 ALL three Singapore banks DBS Bank, United Overseas Bank and Oversea-Chinese Banking Corp have again made it to a list of the world's 50 safest banks. And in the latest rankings, each local moved up a few notches. According to New
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      • 70 2 OLAM International has raised US$64O million to support growth and refinance debt. It announced the various developments yesterday as it posted a fourth-quarter drop in net profit. For the quarter ended June 30, Olam's net profit fell 28 per cent from a year ago
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      • 80 2 SAIZEN Real Estate Investment Trust, which has suspended distribution of income for the financial year ended June 30, 2009 to conserve cash, said that it aims to resume distribution from the last quarter of FY2OIO or the first quarter of FY2OII. This
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      • 42 2 SINGAPORE'S service sector shrank 4.6 per cent year on year in the second quarter of 2009, according to the Quarterly Business Receipts Index released yesterday by the Department of Statistics. SINGAPORE NEWS, PAGE 8
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      • 48 2 CHINA plans to allow fund houses and brokerages to launch real estate investment trusts, or Reits, that would be publicly traded on the Shanghai and Shenzhen stock exchanges, two people with direct knowledge of the proposal said. GREATER CHINA, PAGE 12
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    • 356 2  -  NISHA RAMCHANDANI 3.5km race track will have grandstand for at least 8,000 By [SINGAPORE] It's all systems go for the Changi Motorsports Hub (CMH). Three of the seven parties that applied for the Request For Proposal (RFP) to build and manage the 41 hectare
      356 words
    • 755 2 Bloomberg France will not hire them unless they apply pay-limit rules [NEW YORK] French President Nicolas Sarkozy's plan to shun bankers who do not accept pay limits was met with alarm by analysts and investors in the US, where bailed-out
      – Bloomberg; AFP  -  755 words
    • 873 3  -  UMA SHANKARI DBS takes 24th spot, UOB 35th and OCBC 36th, according to Global Finance rankings By [SINGAPORE] All three Singapore banks DBS Bank, United Overseas Bank (UOB) and Oversea-Chinese Banking Corp (OCBC) have again made a list of the world's
      873 words
    • 432 3 AP, Reuters LATEST US DATA Analysts believe US economy is growing in current quarter [WASHINGTON] The US economy shrank at an annual rate of one per cent in the second quarter, a bet-ter-than-expected showing and more evidence that the recession is drawing to
      AP, Reuters  -  432 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 105 3 Philosophers, poets and writers tried to explain desire. An engineer simply did it. m^ mmmmm^ The new E-Class Coupe. Pure Attraction. There aren't words to describe the new E-Class Coupe. Recently of drowsiness. DISTRONIC PLUS with PRE-SAFE® Brake senses voted AUTO BILD Design Award for best-looking car 2009, unavoidable collisions
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  • COMPANY NEWS
    • 551 4  -  EMILYN YAP Firm to enter new businesses; raises USs64om to grow, refinance debt By IN SEARCH of higher margins, agriculture supply chain manager 01am International will be expanding its presence in the commodity finance, packaged food and fertiliser businesses. The company has
      551 words
    • 275 4  -  VINCENT WEE By OFFSHORE construction company Swiber Holdings yesterday announced plans to raise up to US$lOO million through a convertible bond issue. The five-year bonds maturing in 2014 will be convertible into new ordinary shares at a price of $1.20 a 25 per
      275 words
    • 250 4 SINGAPORE-based real estate investment company Pacific Star Group yesterday launched an international mall in Seoul its first venture in South Korea. Pacific Star bought the Noon Square mall with co-investor Woori Bank in November 2007 for more than US$2OO million. Pacific Star's stake of
      250 words
    • 407 4  -  CONRAD TAN By THE recent sharp rebound in asset prices in Asia is not due to loose monetary conditions or a deluge of foreign capital, a senior economist at Credit Suisse says in a report. Rather, improving sentiment among investors is likely
      407 words
    • 373 4  -  LYNETTE KHOO BY SHARES of China Environment, the former Gates Electronics, made a sterling comeback on the mainboard yesterday, surging 124 per cent to 65 cents from its placement price of 29 cents. The stock resumed trading following Gates Electronics's $105 million acquisition of China
      373 words
    • 381 5 RETAIL-cum-properties group Second Chance Properties yesterday reported a 95.4 per cent plunge in net profit to $628,000 for its financial fourth quarter ended June 30, 2009-from $13.5 million for Q4 FY2OOB. The chief cause was a Q4 shift in fair value changes for properties to
      381 words
    • 411 5  -  LYNETTE KHOO It posts 19% fall in distributable income to 1.37 billion yen for FY2009 BY SAIZEN Real Estate Investment Trust (Reit), which has suspended distribution of income for the financial year ended June 30, 2009 (FY2009) to conserve cash, said that it
      411 words
    • 239 5 CENTILLION Environment Recycling yesterday said it lost $25.9 million in the year to June 30, on sales of $77.4 million. This compares with a loss of $14.5 million on a turnover of $83.8 million in the 18 months to June 30,
      239 words
    • 244 5 PORT operator Portek International put in a counter-cycli-cal performance in the battered shipping sector to more than double net profit to $8.6 million for the financial year ended June 30, from $3.9 million for the preceding year. The jump in profit attributable to equity-holders
      244 words
    • COMPANY BRIEFS
      • 84 7 KOON Holdings, a civil engineering, reclamation and shore protection specialist, reported a net profit of $4.7 million for the six months ended June 30. The turnaround from a net loss of $3.5 million previously was fuelled by a 27.4 per cent increase in revenue
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      • 56 7 LUM Chang Holdings' after-tax gain slipped 22 per cent to $11.2 million for FY2009. This came despite a 21 per cent increase in revenue to $227 million in the year to June 30. The group has proposed to maintain a first and final
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      • 32 7 LION Teck Chiang's earnings plunged 96.6 per cent to $429,000, due to fair value loss on investment properties and impairment loss on properties under development.
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      • 34 7 KIAN Ann Engineering's fourth-quarter net profit fell 57.3 per cent to $1.32 million for the three months ended June, after revenue fell 19.5 per cent to $32.8 million.
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      • 84 7 CONSTRUCTION and property group Sim Lian posted a 12 per cent drop in full-year net profit to $38.7 million. It booked an $18 million provision for foreseeable loss for a development project in Singapore. Revenue rose 48 per cent to $575.5 million. The
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      • 32 7 LATITUDE Tree International Group posted a full-year net profit of $9.29 million that slipped 0.2 per cent, due to the one-time listing expenses of $1.17 million.
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      • 59 7 DEUTSCHE Bank will list Asia's first money market ETF on the Singapore Exchange. The db x-trackers US Dollar Money Market ETF will track the Fed Funds effective rate total return index, which is intended to reflect the performance of a deposit earning the
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      • 42 7 CHINA Yuanbang Property reported a net profit to 21.4 million yuan (554.5 million), against a loss of 23.9 million yuan previously, for the year ended June 30, 2009. Revenue jumped 143 per cent to 235 million yuan.
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      • 54 7 YING Li International Real Estate has proposed to undertake a placement of up to 107.43 million new shares at $0.28 apiece to raise $30 million. The proceeds will be used to develop the International Financial Centre, to repay bank loans, and for
        54 words
      • 58 7 A WRITEBACK on deferred taxes helped GuocoLeisure Ltd raise net income by 18.9 per cent to U5567.4 million despite a 33.8 per cent plunge in turnover for the year ended June 30, 2009. Revenue was U*****.6 million, while earnings per share were 5.1 US cents
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    • 298 7 GUOCOLAND has posted a net loss for the fourth quarter as well as the full year, due mainly to a revaluation loss on Tung Centre, writedowns in values of development properties in Malaysia and a net foreign exchange loss. It
      298 words
    • 468 7  -  JAMIE LEE Profit nearly triples at $13.1 million, in absence of impairments By EU Yan Sang expects to make acquisitions or secure joint ventures in new markets over the next few months, said group CEO Richard Eu yesterday. The company which focuses on
      FILE PHOTO  -  468 words
  • Page 4 Advertisements
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    • 216 4 A SATS IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF BEXCOM PTE LTD (COMPANY REGISTRATION NO. *****5068K) (COMPANIES' WINDING UP NO. 113/2008/T OF 2008) (IN LIQUIDATION) NOTICE TO CREDITORS OF ADJOURNED FIRST CREDITORS' MEETING (Under
      216 words

  • Page 5 Advertisements
    • 578 5 11 THE MONETARY AUTHORITY OF SINGAPORE Tenor Approximately 15 years Total Amount Allotted 500 1,400,000,000 Amount Allotted to Non-Competitive Applications SGD 525,345,000 Of which allotted to MAS SGD 400,000,000 Total Amount Applied SGD 2,623,993,000 Coupon Rate 3.000% p.a. Cut-off Yield Price 3.11 p.a. and on Allotment 98.689% Average Yield Price
      578 words

  • SINGAPORE MARKETS
    • 591 6  -  R SIVANITHY STOCKS Push on SingTel, property counters helps index end 13.8 points up despite HK weakness HELPED by a push on SingTel and property stocks, the Straits Times Index yesterday gained for a fourth consecutive session, up 13.8 points to 2,642.23 despite weakness
      Bloomberg  -  591 words
    • 97 6 Up Down Unch Up Down Unch Up Down Unch lulti Ind 6 8 3 0 0 0 6 8 3 lanufacturing 102 43 57 10 15 112 50 72 Commerce 36 19 20 39 22 25 'pt/Stor/Comms 24 13 27 13 :inance 20 20 Construction 11 13
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    • 116 6 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 36,354 36,354 51,744 51,744 lanufacturing 1,082,772 73,207 1,155,979 425,314 2,904 428,218 lommerce 374,742 25,153 399,895 157,251 12,890 170,141 'pt/Stor/Comms 278,047 14,125 292,172 262,898 3,288 266,186 :i nance 81,968 25 81,993 224,829 224,832 lonstruction 103,365 22,304 125,669 29,364 615 29,978
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    • 102 6 lapitaLand 3.790 +0.040 lapitaMall 1.630 +0.040 jtyDev 10.340 +0.260 lomfortDelGrc 1.550 losco Corp 1.290 +0.060 IBS Grp 12.880 -0.120 :&N 4.000 +0.020 ienting SP 0.995 -0.025 iolden Agri 0.490 +0.005 IK Land 4.040 +0.050 IMH 28.120 +0.120 ISH 16.180 +0.380 lardineC&C 23.720 -0.100 Ceppel Corp 7.790
      102 words
    • Article, Illustration
      756 6  -  JOYCE HOOI Singapore Technology Sector DBS GROUP RESEARCH, Aug 27 Q2 2009 was indeed full of sweet surprises. Almost all companies in our coverage delivered better than expected results. Venture was in line. Combined sales declined 15 per cent y-o-y but grew 23 per cent q-o-q, exceeding our
      Bloomberg  -  756 words
    • 492 6 Reuters CURRENCIES [NEW YORK] The yen rose across the board yesterday, hitting its highest in five weeks against the US dollar, as a pullback in some overseas stocks raised concerns that a risk rally in past months may have been overdone. The Japanese currency rose,
      – Reuters; AFP  -  492 words
    • 4 6 DAILY
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    • 60 6 Aug 27 VALUE CLOSE IT OB/OS 567.00 -125.C IT CADI -*****.00+118. IT 10-day MA -*****.00 +57.0I TSE ST Mid Cap 604.53 +4.2 TSE ST Small Cap 553.09 +5.6 TSE ST All Share 650.05 +3.7' TSE ST China Top 284.41 +5.9, TSE ST China 283.31 +7.0' TSE ST
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    • 54 6 VOLUME China Honqxinq 172,056,000 Abterra 93,508,000 Swiber 83,307,000 Gentinq SP 81,595,000 AusGroup 75,247,000 ChinaZaino 68,775,000 EcoWise 64,838,000 Golden Aqri 62,850,000 China Env 62,646,000 Synear 62,636,000 VALUE(S) Swiber 82,285,745 Gentinq SP 81,729,510 DBS Grp 78,580,510 Olam 62,728,780 AusGroup 54,187,580 Chart SemiCond 53,329,660 SingTel 51,599,240 Cosco Corp 48,447,180 Wilmar
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    • 94 6 CLOSE UP ISH 1618 54.9 2.4 ilA@.ES.O9O8 1326 54.0 4., IOB.ES.0909 1704 54.0 3. ICBCCai 5.1%NCPS 100 9946 38.0 0.. ihina Env 65 37.1 133.' ICBC Bk4.5%NCPS 100 9310 30.0 0. iTXPO 100 1320 30.0 2. At 1034 26.0 2.' At ES.0908 1030 24.0 2, IOB.ES.0908 1700 24.0 1..
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    • 123 6 BY CENTS CLOSE DOWN DBXT FTChina25 10US$ 2844 -89.6 -2.1 GLD 10US$ 9268 -75.1 -0.6 SIA.ES.0909 1326 -22.0 -1.6 DBXT S&P Short 10US$ 5999 -18.8 -0.2 OCBC Bk5.1%NCPS 100 9980 -18.0 -0.2 SIA 200 1328 -16.0 -1.2 ISMSCI India 100 580 -14.4 -1.7 DBS Gri 1288 -12.0 -0.9 SIA
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    • 84 6 Aug 11 CHNG CLOSE FRAug26 YR2009 S$ LOW S$ HIGH USS 1.4438 -0.03 1.5579 1.4308 Euro 2.0586 0.04 2.0732 1.9150 Pounds 2.3369 0.35 2.4366 2.0356 AS 1.2019 -0.14 1.2171 0.9453 Yen* 1.5415 -0.62 1.7278 1.4831 Rupiah* 0.***** 0.36 0.***** 0.***** Baht* 4.2432 0.01 4.3390 4.1040 Peso*
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  • Page 7 Advertisements
    • 548 7 C3 HE HIETII HG METAL MANUFACTURING LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****2660D) ADJUSTMENT TO THE EXERCISE PRICE OF WARRANTS PURSUANT TO THE SUBSCRIPTION OF 225,000,000 NEW ORDINARY SHARES IN THE CAPITAL OF HG METAL MANUFACTURING LIMITED (THE "COMPANY") Unless otherwise defined, all terms and references
      548 words
    • 1377 7 w WATS JL^I V^>/ JL JL^.jJLjIJ Toll free: 1800-289-8822* Email: notices@sph.com.sg» www.cats.com.sg THE COMPANIES ACT, CAR 50 ll^^^^^^^^^^^^^~"^^^^^^^^^^^^^ AND IN THE MATTER OF NANSIN ENTERPRISES PRIVATE k^ (INM& TARY P The Sumitomo Trust 6f Banking Co., Ltd. Company Registration No: *****0061R notice of final meeting (Incorporated in Japan with Limited
      1,377 words

  • SINGAPORE NEWS
    • 296 8  -  NISHA RAMCHANDANI All except business, health and social work posted lower receipts than in Q1 By SINGAPORE'S service sector shrank 4.6 per cent year-on-year in the second quarter of 2009, according to the Quarterly Business Receipts Index released yesterday by the Department of
      296 words
    • 281 8 SINGAPORE Press Holdings (SPH) will launch Men in White, a new book documenting the story behind the People's Action Party (PAP). SPH commissioned and published the book, which seeks to fill a void in Singapore history and answer questions surrounding the PAP
      281 words
    • 226 8 BALANCE could be the key to retaining outstanding employees, the audience at the Work-Life Conference 2009 heard yesterday. Findings by Deloitte show business leaders are increasingly focusing on staff turnover. Two-thirds are fearful of losing outstanding employees after the recession. Work-life
      226 words
    • 452 8  -  NISHA RAMCHANDANI By ARMED with experience and feedback from last year's Formula One race, the Land Transport Authority (LTA), with race promoter Singapore GP and the Singapore Tourism Board (STB), have enhanced public transport and road access plans for this year's race to make for
      LTA  -  452 words
    • 80 8 ARTHUR LEE him Hwee Hua, Minister in the Prime Minister's Office, and Redas officials led by president Simon Cheong (third from left) putting a new coat of paint on the Pertapis Children's Home yesterday. Redas had donated $12,000 earlier but the painting project was postponed
      ARTHUR LEE  -  80 words
    • 387 8  -  JOYCE HOOI By TWO initiatives to raise the standards of local tax practitioners were announced yesterday by Lee Yi Shyan, Minister of State for Trade and Industry and Manpower. Opening the Tax Academy of Singapore's annual Signature Conference, Mr Lee announced the
      387 words
    • 500 8  -  CONRAD TAN By RABOBANK'S Singapore general manager of four years, Goh Chong Theng, is leaving the bank to pursue personal interests after almost three decades in banking, BT has learned. Oct 31 will be his last day at the bank,
      500 words
    • 474 8  -  KALPANA RASHIWALA By NTUC Choice Homes Co-op-erative is pricing the initial phase of its Trevista condo at Toa Payoh, which previews today, at an average price of $898 per square foot. This is about 20 per cent lower than
      474 words

  • ECONOMY WATCH
    • 603 9 AP FDIC's move to draw private equity funds comes as failures rise to 81 this year [WASHINGTON] Squeezed by rising bank failures, regulators have made it easier for private investors to buy failed institutions. The Federal Deposit Insurance Corp's board on
      AP  -  603 words
    • 482 9 -AFP [WASHINGTON] The real US unemployment rate is 16 per cent if persons who have dropped out of the labour pool and those working less than they would like are counted, a Federal Reserve official said on Wednesday. "If one considers the people who
      -AFP; AP  -  482 words
    • 191 9 Reuters [MANILA] The Philippines economy dodged the recession that engulfed much of Asia and enjoyed its strongest performance in more than two years in the second quarter, prompting the central bank to say that it may change its policy. Second-quarter gross domestic
      ■ Reuters  -  191 words
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  • MALAYSIA/INDONESIA
    • 581 10  -  S JAYASANKARAN The Barisan Nasional cannot afford a divided MCA, particularly in the light of its back-to-back losses in recent by-elections in Malaysia. No 2's sacking for sex video could hurt BN's chances to win back Chinese support By in Kuala Lumpur THE sacking
      AP  -  581 words
    • 588 10  -  PAULINE NG MALAYSIA'S biggest planter Sime Darby's earnings fell 38 per cent to RM2.34 billion (***** million) for the year to end June on lower crude palm oil (CPO) prices. Sime attributed its weaker results to softer average CPO prices, which,
      REUTERS  -  588 words
    • 586 10 -AFP [JAKARTA] The terror network blamed for the Jakarta hotel bombings is "larger and more sophisticated" than thought, a think tank said yesterday as police quizzed suspects over possible Al-Qaeda links. Analysts at the Brussels-based International Crisis Group (ICG) said that the group
      -AFP  -  586 words
  • Page 10 Advertisements
    • 1220 10 V«^L k.ATS~VT-'T/'-<T'r' Toll1r M :1800-289-8822 V IVI I L, V Email: notices@sph.com.sg 1_ A| \^J M. A.^^ I ij www.cats.com.sg The Norinchukin Bank (A bank organised in Japan) Consolidated Balance Sheets Consolidated Statements of Operations As of March 31, 2009 and 2008 For the fiscal years ended March 31, 2009
      1,220 words

  • INDIA
    • 419 11 Reuters Aim is to double outbound sales of goods and services [NEW DELHI] India plans to cut transaction costs for exporters and ensure the availability of dollar finance as it looks to reverse a decline in exports and double outbound sales
      Reuters; AFP  -  419 words
    • 611 11 Reuters, Bloomberg Bharti shortlists 8 banks, DBS included, for 5-year offshore loan of up to USs4b [MUMBAI] India's Bharti Airtel and South Africa's MTN hope to finalise by mid-September a deal that could lead to a full merger, with the Indian
      – Reuters, Bloomberg  -  611 words
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      431 words

  • GREATER CHINA
    • 589 12 Reuters But draft rules are subject to changes; unclear when they will be made official [SHANGHAI] China plans to allow fund houses and brokerages to launch real estate investment trusts, or Reits, that would be publicly traded on the Shanghai and Shenzhen stock
      Reuters; REUTERS  -  589 words
    • 304 12 Bloomberg [SHANGHAI] China's banking regulators are "tweaking" lending policies to remove "froth" from the system, while growth remains the top priority for policymakers, according to Royal Bank of Scotland Group pic. The goal is to manage risk exposure among banks and asset
      Bloomberg  -  304 words
    • 349 12  -  JAMIE LEE By [SINGAPORE] Don't count on China to boost economic recovery in the region, a senior analyst at RBS warned yesterday. Asia also cannot rely on an ex-port-model to drive growth and should depend more on public spending over the
      349 words
  • Page 12 Advertisements
    • 1892 12 V*^ kATV^T'T^-r' r> Toll free: 1800-289-8822 V IVIII L W Email: notices@sph.com.sg JL V^-/ JL JL^^ 1' \J www.cats.com.sg IN THE MATTER OF IN THE MATTER OF rSi.TAKISi'P.VJ-AD en THECOMPAN.ESACT,CAP.SO THE COMPANIES ACT (CHAPTER 50) THE COMPANIESACT, CAP. 50 AND IN THE MATTERS OF ."I* 1™ °F n in tup
      1,892 words
    • 1240 12 V«^ I^Ti^V^T/nT^r Toll free: 1800-289-8822 XA| V^>/ X .LVfc^ -1—( l3 www.cats.com.sg IN THE MATTER OF In the Matter of r ~I TTrn r THE COMPANIES ACT, CAP. 50 The Companies Act, Cap. 50 IN THE MATTER OF IN THE MATTER OF ■mtu^l™™ i hMd» THE COMPANIES ACT, THE COMPANIES
      1,240 words

  • ASIA-PACIFIC/WORLD
    • 339 13 ■Reuters [LONDON] Accounting rules should be changed so that banks can relax how they value assets in times of market stress, a top global banking supervisory body said yesterday. The Basel Committee on Banking Supervision, made up of central bankers and regulators from
      ■Reuters  -  339 words
    • 409 13 -AP [SEOUL] North and South Korea have no major differences on resuming reunions of families separated by the Korean War but are far apart on prisoners of war and civilian abductees, reports said yesterday. The dispute over South Koreans allegedly held by
      -AP  -  409 words
    • 390 13 Reuters [BANGKOK] The Bank of Thailand (BOT) should further relax controls on offshore capital investment to help ease upward pressure on the Thai currency, Deputy Prime Minister Korbsak Sabhavasu said yesterday. The baht's gains this year have been partly caused
      Reuters  -  390 words
    • 653 13  -  ANTHONY ROWLEY Decisive mandate allows more radical reform of govt spending: analysts By in Tokyo WITH just two days to go before what is expected to be a landmark general election in Japan, media polls show that the opposition Democratic Party of Japan (DPJ) is
      AP  -  653 words
    • 565 13 Bloomberg [ZURICH] Switzerland's chief negotiator in the ÜBS tax case says the US Internal Revenue Service (IRS) may request names of American clients from other banks after the Swiss government agreed to hand over ÜBS account details. "It is possible that the IRS
      ■ Bloomberg  -  565 words
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    • 1337 13 A MATS «g NOTICES INFORMATICS EDUCATION LTD. (Company Registration No. *****3419G) (Formerly known as INFORMATICS HOLDINGS LTD) NOTICE OF EXPIRY OF WARRANTS W*****0 TO: ALL HOLDERS OF WARRANTS W*****0 TO SUBSCRIBE FOR NEW SHARES IN INFORMATICS EDUCATION LTD. (the "Company") THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If
      1,337 words

  • WORLD
    • 444 14 Bloomberg Pressure to sell comes after losses from HBOS takeover increase [LONDON] Lloyds Banking Group pic may sell part of its fund management business, including launching a possible initial public offering of Scottish Widows, to raise cash after its bailout, two persons familiar
      Bloomberg; AP  -  444 words
    • 262 14 AFP Open Book Alliance raises legal, competitive issues [WASHINGTON] Amazon, Microsoft and Yahoo! joined with non-profit groups and library associations on Wednesday in opposing the legal settlement which would allow Google to digitise and sell millions of books. The technology giants are among the
      AFP  -  262 words
    • 283 14 -AFP [WASHINGTON] Federal Reserve Board chairman Ben Bernanke was one of hundreds of victims of an identity fraud ring that stole over US$2.l million from individuals and financial institutions, Newsweek magazine reported on Wednesday. The magazine, citing court documents, said that the central
      -AFP  -  283 words
    • 342 14 Reuters [LONDON] The chairman of Britain's Financial Services Authority (FSA) said that he would back higher taxes on the country's financial sector to prevent institutions making excessive profits and to curb excessive pay. "If you want to stop excessive
      Reuters; REUTERS  -  342 words
    • 547 14 Reuters Now, hopes are on a refreshed lineup of iPod devices [SAN FRANCISCO] Anyone holding their breath for Apple Inc's much-anticipated, but never confirmed, touchscreen tablet device may have to wait a bit longer than they planned. Early hopes that Apple
      Reuters; REUTERS  -  547 words
    • 685 14 Reuters They feel trapped and are seeking ways to cope [NEW YORK] With the US economy mired in recession, workers are finding themselves stuck in bad jobs with such annoyances as managers who berate employees and bosses who hold
      – Reuters  -  685 words

  • AVIATION/SHIPPING
    • 197 15 Gain snaps 6-day slide; index still 28% down for the month [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, posted its first gain in seven days as rates climbed on increased demand for capesize ships. The index tracking
      197 words
    • 685 15 AP, Bloomberg 787 aircraft to be ready for first flight by year-end, delivery in Q4 of next year [NEW YORK] Boeing said yesterday its long-delayed 787 aircraft will be ready for its first flight by yearend and its first delivery in the fourth quarter next
      AP, Bloomberg; AP  -  685 words
    • 2671 15 AIRLINE CODES: AA American Airlines (AAL), AF Air France (AFR), Al Air India (AIC), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Cc Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR EVA Airways
      2,671 words
    • 426 15 Bloomberg [SHANGHAI] Air China Ltd's parent may sell its HK$47l million (5587.7 million) stake in Shanghai-based China Eastern Airlines Corp to focus on developing its own presence in the nation's financial capital. The shares may be sold if China National Aviation Holding
      ■ Bloomberg  -  426 words
    • 531 15 Bloomberg [DUBAI] DP World Ltd, the Dubai government-control-led company managing ports from the United Kingdom to China, reported a smaller-than-expected decline in first-half profit as cost cuts partially offset a drop in container volumes. Net income fell 34 per cent to U*****.3
      Bloomberg  -  531 words
    • TRANSPORT STOCKS
      • 105 15 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship Star Cruises 0.59 0.32 1.29 0.65 1.59 0.61 0.06
        105 words
      • 36 15 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd PDZ Holdings 1.01 8.80 8.89 3.13 2.92 unch 0.09 -0.01 unch 0.21 unch -0.08 unch unch 35 43 198 204 1 0 498
        36 words
      • 12 15 '00 'recious Ship Regional Cont 16.70 11.20 -0.10 -0.40 320: 8631
        12 words
      • 11 15 '000 Doil iingamas Cont 39.35 1.46 -0.80 101 -0.05 1633;
        11 words
      • 17 15 '000 Aboitiz Equity Intl Container Keppel Marine 7.30 21.25 2.02 0.10 0.25 -0.02 11! 581} 6!
        17 words
      • 22 15 Evergreen Marine ...20.00 :irst Steamship 37.55 Wan Hai Lines 16.75 fang Ming Marine...12.00 -0.20 -0.65 -0.15 unch 5 1 1 5
        22 words
      • 39 15 '000 lug. 'en :awasaki Hvy Ind ..245.00 -8.00 ***** :awasaki Kisen 397.00 -5.00 548! /litsubishi Hvy 392.00 3.00 7575! /litsui Eng&Sbldg...254.00 -7.00 349: /litsui OsR Lines 572.00 -9.00 945! lippon Express 400.00 -6.00 452! lipponYusen 399.00 -10.00 672:
        39 words

  • EDITORIAL & OPINION
    • 474 16 THE maritime industry contributes 6-7 per cent of Singapore's GDP. The Republic, which has the world's busiest container port, is already the base for hundreds of foreign shipping and offshore companies, and the industry employs more than 120,000. The shipping management sector, which covers shipping
      474 words
    • 1173 16  -  INDERJIT SINGH A key tack is to build their capacity to innovate and develop new products and services By THE financial crisis started in America, and hit us quickly and hard. The impact has been nothing short of a tsunami. While we
      THE STRAITS TIMES  -  1,173 words
    • 770 16  -  PAUL SAMUELSON Tribune Media Services THE BOTTOM LINE THE latest word from the US Federal Reserve is that already or soon, the US overall economy will cease to be falling. Instead, it will stabilise. What does this not mean? This
      Tribune Media Services  -  770 words
    • 1677 17  -  THORVALDUR GYLFASON Small countries with cohesive societies can be successful as long as they are open to the world By CAN Iceland's small size be blamed for the collapse of its banking system in 2008? Is Iceland perhaps too small to make sense and
      AFP  -  1,677 words
    • 810 17  -  LU YUANBING By AFTER coming home from my studies, the image of a clear and clean Singapore River left an indelible mark on my mind. When I was in Singapore, the stories I heard most often were about water. Water is soft and pliable, yet it
      AP  -  810 words


  • SINGAPORE STOCKS
    • 8979 18 Transaction date: Aug 27 High Low Code Company Sale C000) High Low Buyer Seller C'vr •k P/E jH 15.5 3 3148 8Telecom 8 2.5 5834 A-Sonic 29.5 12 5000 ABRHIdgs 14.5 5.5 1938 AEI Corp 8 1 1100 AEM 23 7 2101 APOil 84.5 26.5 5550 ARA 8
      8,979 words
    • 1711 19 52-wks Tel High Low Code Last Sale Vol Day Last Quote Div Gr Yld ('000) High Low Buyer Seller C'vr Net P/E M Cap $mil 52-wks Tel High Low Code Last Sale Vol Day Last Quote Div Gr Vld Net C000) High Low Buyer Seller C'vr P/E MCap
      1,711 words
    • 400 19 52-Wk Tel h Low Code Last Sale Vol COOO) Day Ih Low Last Quote Buyer Seller Div GrYld C'vr Net P/E s _Hm Conn _Hm 110 100 6389 ABFSG Bond ETF 110 794 427 CIMBAsean40 100US$ US724 -7 274 149 DBS STI ETF 100 268 +1 4164 3534
      400 words
    • 259 19 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      259 words
    • 9361 19 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.96/ AIGIF S'pore Bond Fund/ A 1.32/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.04/ APS Alpha Fund (USD)!** 0.72/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.518/ APS Komaba
      9,361 words
  • Page 18 Advertisements


  • FINANCE & COMMODITIES
    • 369 20 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Au; 26 World Index Preliminary 780.4 -0.1 15.1 0.0 18.4 -0.5 17.9 EAFE Preliminai 751.0 0.0 15.7 -0.1 20.9 -0.6 20.4 Euroi Prelim inan 1047.2
      369 words
    • 192 20 Aug 27 (UBBtK Futures (Closing prices) !SS 3 (US cents/kg) /lonth High Low Close Sett Volume (lots) 0/1 (lots) iepO9 211.0 3d 09 MOV09 213.0 Dec 09 214.0 Ian 10 214.0 =eb 10 211.0 213.0 214.0 214.0 211.0 212.0 213.0 214.0 214.0 214.0 167 80 1 50 106
      192 words
    • 445 20 iuro 'en (on 'eso lam 'ouni Australia 0.912 5.662 0.582 6.424 40.528 83.667 0.777 10.354 2.929 1.221 68.625 40.512 1.198 6.540 0.886 27.276 28.200 0.512 0.829 Canada 1.097 6.212 0.639 7.048 44.463 91.789 0.852 11.359 3.214 1.339 75.286 44.444 1.314 7.175 0.973 29.924 30.937 0.561 0.909 Ihina
      445 words
    • 122 20 As at 9am Aug 27 Singapore dollars to one unit rf foreign currency: Currencies Bid Offer s,ust dollar 1.1830 1.2180 .an dollar 1.3080 1.3240 luro 2.0440 2.0700 IZ dollar 0.9750 0.9960 iterlini ind 2.3310 2.3580 JS dollar 1.4380 1.4540 .ocal dollars to 100 units if foreign
      122 words
    • 151 20 Aug27 Xierniqht -month -months l-months Overnight mode: 1/4 JS$ 1/4 7/16 9/16 11/16 Offer 3/16 3/16 5/16 7/16 BJd 1 days I month I months months d months months I I. (All 0.35 0.39 0.50 0.55 0.80 1.40 1.50 Offer 0.25 0.29 0.30 0.35 0.60 0.90 1.00 Bid
      151 words
    • 84 20 Aug 27 code Bid Mi Low I-Month BQ*****S 26.11.09 -Year BY*****W 03.05.10 0.29 0.35 3OVERNMENT BONDS >eriod Issue Coupon Maturity code rate Close Bid Hig Day's igh Low !-Year NXO11OOH 3.625 i-Year NX*****F 3.625 '-Year N*****0S 2.875 O-Year NX*****W 2.500 5-Year NY*****H 3.000 !O-Year NZ*****S 3.500
      84 words
    • 68 20 Aug27 mth 0.***** 0.***** mths 0.***** 0.***** 6 mths 0.***** 9 mths 1.***** 12 mths 1.***** mths 0.***** 0.***** mths 0.***** 0.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 2.***** 5yrs 2.***** 7yrs 2.***** 10yrs 2.***** 12 yrs 3.***** 15 yrs 3.***** mths 1.*****
      68 words
    • 136 20 Aug27 /oz) tug njg Hong Kong 947.00 942.60 948.00 943.60 Aug 25 Aug 26 948.10 942.90 M Sellim Bui rim .ondon 1 oz 1530.1 1382 UBS GOLD LUNAR KINEBAR (SS) Selling Buying Source: Thomson Reuters 10gm SILVER $536.07 Selling Bu' 440 /ing CAST BAR (S$) Aug 27 Buying
      136 words
    • 100 20 Aug 26 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Sep 09 1090.50 1091.00 1101.50 1080.00 Nov09 996.50 999.00 1007.50 988.50 Jan 10 997.75 1001.25 1009.50 990.50 Mar10 993.50 997.25 1004.50 987.00 SOYBEAN/OIL (60,000 lbs;llscent/lb) Close Previous High/Low Sep 09 36.46 36.54 37.00 36.12 3d 09
      100 words
    • 75 20 CRUDE OIL PRODUCTS Aug 26 origin^ t/barrel Close Cham irent blend (1-Mth F) 71.10 -2.1! WTI (Near Mth) 71.29 -0.5! iubai (1-Mth F) 70.99 -1.2: "apis blend 77.80 -1.4! i/linas 75.40 -1.6! >RODUCT JS$/barrel (FOB S'pore) Close Chanqi Naphtha Jet Kerosene S9.25 78.95 uncl -0.8( US$/barrel )pec Oil Basket Price
      75 words
    • 148 20 Aug27 Zurrencies Bid Offer Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 1.1967 1.1983 0.8286 0.8290 Canadian dollar 1.3129 1.3147 0.9090 0.9095 luro 2.0561 2.0581 1.4236 1.4238 IZ dollar 0.9804 0.9816 0.6788 0.6791 Sterlinc 2.3393 2.3419 1.6197 1.6201 IS dollar 1.4443 1.4455 >$IUS$ to
      148 words
    • 63 20 minimum, 99.7 jrity (US$/tonne) Co Close Previous :ash 1831.00 months 1866.00 1865.00 1900.00 Copper, Grade A (US$/tonne) :ash months 6276.00 6291.00 6298.50 6311.00 .ead (US$/tonne) :ash 2033.00 months 2050.00 2044.00 2061.00 lickel (US$/tonne) :ash months *****.00 *****.00 *****.00 *****.00 'in (US$/tonne) :ash *****.00 *****.00 months *****.00 *****.00
      63 words
    • 71 20 Aug26 Close Prev Hii ih/Low ,epO9 1884 1902 1905/1880 )ecO9 1902 1914 1922/1891 i/lar 10 1900 1911 1920/1893 i/lay 10 1898 1909 1915/1890 lOFFEE (US$/tonne) Close Pev High/Low iepO9 1399 1335 1400/1326 Mov09 1423 1357 1423/1349 Ian 10 1445 1378 1442/1369 SUGAR (US tonne) White Close Prev High/Low let
      71 words
    • 26 20 Aug 27 STI Aui 2609 2633 2642 IIMSCI Am 316.5 318.0 317.7 "aiwan Aui 246.4 247.7 244.2 Source: MF Global (S) He. Ltd
      26 words
    • 17 20 Bid Offer -month 1.4446 1.4458 1.4448 1.4461 {-months 1.4449 1.4462 >-months 1.4452 1.4466
      17 words
    • 60 20 Aug 27 lelivery flonth Opening Range Sett Av Price Price Hi Vol Open Done Position Low iep 09 2450 2436 2460 2435 220 1191 3d 09 2400 2377 2400 2367 1619 ***** tovO9 2360 2346 2369 2335 9488 ***** )ecO9 2359 2337 2359 2328 2615 ***** Total o/p:
      60 words
    • 293 20 Aug 27 URODOLLAR FUTURES >epO9 DecO9 Vlar10 lun10 99.6425 99.4800 99.2100 98.8150 6096 3577 2849 3073 EUROYEN TIBOR FUTURES >epO9 99.465 99.470 DecO9 Vlar10 un10 >ep10 Dec10 \/lar11 un11 99.465 99.470 99.500 99.530 99.525 99.485 99.445 99.360 99.300 190 1 50 ***** 3095 3290 1602 482 422
      293 words
    • 2322 20 BONDS, WARRANTS EXTENDED SETTLEMENT Tel Code Company Prem Expiry Tel Last Vol Conv Exer Disc Gear- Mths Code Company Sale +or- ('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3.5 unch 100 1 15 3 5.14 57 2036AdvanceSCTLtdW*****9 0.5 1 87 1246 13.00 12 3816# Asiasons Capital Ltd W*****7 ...6.5
      2,322 words

  • Page 21 Advertisements
    • 2861 21 THE BUSINESS TIMES Shipping times A m*M \m\\ WAN HAI INTERNATIONAL PTE LTD UEN: I*****69SM I^M mm mT^R RV K.^£ JBH^f^riMjMlJLl VTrA 1AIAM UAI I llirr TEL6226I588 (14 LINES) FAX:*****163 1 _»T|M m ImZFltmm mmfmSf!SnMWmlnS!!9mm9M H»*nlfM'M<lll^ffiWWPM V\^^tt I WAN HAI INtj PKL IE1; (03| *****888 FAX: (03| *****288 PtN TEL:
      2,861 words

  • Page 22 Advertisements
    • 3173 22 rSVHHEBII^B9IH^I I linn eastern car liner, ltd inn £3®3s& I L^^rfM If-——^ I SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS I WEEIjLY EXP^ESS^ AILING S^ HEDUL _E l WBErWliMWlllWPlWHlllW^^ [[BBlßiilißM^^^^ZvO^ RompjKT) I liiyi) m^ PKI KUC j JD^ j MIM j SSJJS inifl M I YUSHO CHERRY 18 60
      3,173 words

  • NIGHT OUT/WINE
    • 916 23 Early parties help to create a vibrant atmosphere for the lifestyle industry and build up momentum for the event itself, reports MELISSA LWEE THE Grand Prix is not for another four weeks (Sept 25-27), but for many of the local venues and sponsors
      916 words
    • 694 23  -  DAVE MCINTYRE LAT-WP By [WASHINGTON] In May 1976, a wine tasting put Californian wines on the map. The "Judgment of Paris" transformed the world of wine and galvanised an upstart American wine industry and helped overcome a consumer perception here and abroad that American
      LAT-WP  -  694 words
  • Page 23 Advertisements

  • ARTS
    • 782 24 ABIENNALE happens once in two years. You may remember that the last Singapore Biennale was September last year, right around the time of Formula One (Fl), when the world's attention was on the first night race right in downtown Singapore. What impact it really
      782 words
    • 536 24 THE first Singapore Biennale's (SB) theme was "Belief", and last year's was "Wonder". What would the next Biennale's theme be? The new artistic director, Matthew Ngui, isn't prepared to let the cat out of the bag. A curator at the last Biennale, and no
      536 words
    • Article, Illustration
      735 24  -  CHEAH UI-HOON and CLARISSA TAN Singaporeans in Paris IN 1998, Nafa acquired two studios at the International City of Arts in Paris (La Cite Internationale des Arts] to provide its alumni members and lecturers with a place to live, work and to develop their creative enterprises there. The Academy
      735 words
    • 583 24  -  AMANDA DE GUZMAN By WHILE the notion of performing the tale of Cinderella on an ice rink in a theatre may sound quite modern, the production is actually taking the story back to its roots. "It is a great story that many see as a
      ROBERT WORKMAN  -  583 words
    • 957 25 Professionals tell CLARISSA TAN that story telling can be a powerful tool in the workplace, forging communication, teamwork, branding and a sense of identity and belonging #RE you sitting comfortably? Then I'll begin." These words are more often heard in a child's bedroom than the
      957 words
    • 128 25 DURING the civil war in Korea, a general led his troops through province after province, overrunning everything in his path. The people of one town, knowing he was coming and having heard of his cruelty, fled to the mountains. The general arrived with his troops
      128 words
    • 137 25 THERE was once a poor man who went out hunting. As he trudged, he thought about his troubles his wife longed for a child, his mother was losing her eyesight and, above all, they were poor! Just then he saw a magnificent deer. This would
      137 words
    • 708 25  -  BALA SHANKAR While Indian classical music and dance programmes are still sporadic and random, the frequency and scale are on the rise. The last fortnight featured two interesting programmes in chamber settings By CARNATIC music concerts have generally tended to overlook ambience and the
      708 words
    • 607 25  -  MELISSA QUEK By THE buzz on the scene when word spread that THE Dance Company was presenting a full-length piece in the Esplanade's 2,000-seat theatre was that it was too soon. However, using this large space was a natural progression for this company, as
      ROBIN CHEE  -  607 words


  • ENTERTAINMENT
    • 587 26 CD REVIEW Quiet albums run gamut from genius to bland, says CHRISTOPHER LIM Monday Night Patricia Barber Rating: A This One's For Dinah China Moses Raphael Lemonnier EMI Rating: B+ When You Know Dianne Reeves Blue Note Rating: B Michael Buble Meets Madison Square Garden
      587 words
    • 426 26  -  AMANDA DE GUZMAN DVD REVIEW By VERY few comedians exploit their bankability and prodigious talent with as much undiscerning aggression as Eddie Murphy. Long gone are his fabled days of stand-up comedy; when Murphy is in the central role, it's usually for
      426 words
    • 526 26  -  CHRISTOPHER LIM GAMING By IN spite of the impressive advancements in computer game technology, some people have an inexplicable craving for the retro games of yore, to the extent of playing primitive titles from the 1980s on modern consoles. But who says you have to
      526 words
  • Page 26 Advertisements
  • Page 26 Miscellaneous
    • 205 26 CRYPTIC CROSSWORD pitch, perhaps (8) 29 Stop and fire (3,3) 8 Saw off tne tongue (6) state (4) 30 Left with a suggestion of evil 11 An unho|y racket (42f 15) YESTERDAY S SOLUT|QN 1 5 Sort of snake in the grass (5) 31 Exclude crafty frequenter of r Across:
      205 words

  • CINEMA
    • 631 27 The Cove sheds light on the annual killing of dolphins by Taiji fishermen, says GEOFFREY EU ON the surface, the picturesque seaside town of Taiji on Japan's Pacific coast might seem like just another place blessed with idyllic scenery, friendly locals and better than decent
      BLOOMBERG  -  631 words
    • 517 27  - Coco from neglected child to fashionista GEOFFREY EU By GABRIELLE "Coco" Chanel was a woman who made her way in a man's world, who discovered her calling by having a modernist outlook and being an original at a time in the early 20th century when independent thinking and dressing to
      517 words
    • 488 27  -  AMANDA DE GUZMAN By ON the surface, it may seem that Michael Cera and Jack Black are on opposite ends of the comedic spectrum: Cera is all about repressed restraint and teenage awkwardness, while the 30-year-old Black specialises in outlandish verbal and physical stylings.
      488 words
    • 530 27  -  AMANDA DE GUZMAN By 'TIS the season to be jolly, for not one, but two of this summer's offerings are doing sure work of reviving the tired sci-fi genre, a category saturated with brainless, exploding drivel. The first was the massive and mind-blowing alien encounter of District
      530 words
  • Page 27 Advertisements

  • executive lifestyle
    • 1592 28 Charities balance the pros and cons of using the Internet for their work. Some like it, some don't. CHRISTOPHER LIM reports AN EMAIL can travel a lot further than a physical flyer. And as economic constraints put a damper on lavish physical outreach events, charitable
      1,592 words
  • Page 28 Miscellaneous

  • The Business of Time
    • 454 29  -  Chuang Peck Ming YOU can literally feel the impact of the global downturn on the watch business by just holding this supplement. It feels much lighter, whereas last year it was a whopping 74 pages thick. Major watch brands and retailers have cut back on
      454 words
    • 219 30 ONE of the highlights among men's watches this year must be A Lange Sohn's Lange Zeitwerk, which is expected to replace the popular Lange las Lange's "new face". In yellow and white gold or platinum, the Lange Zeitwerk is due to arrive in shops here
      219 words
    • 3201 30 A Lange Sohne Zeitwerk Ref No: 140.021 (yellow gold), 140.025 (platinum), 140.029 (white gold), 140.032 (yellow gold) Movement: Lange manufacture Calibre L043.1, manual winding Functions: Jumping hours and minutes, small seconds hand with stop seconds, power-reserve indicator Case: 41.9 mm, height 12.6 mm Band: Hand-stitched crocodile strap and
      3,201 words
    • 484 36  -  F.A. Jones "Information confirmed." Big Ingenieur Chronograph. Ref.3784: It's just as well that the weight of this IWC-manufactured chronograph hasn't increased along with our experience. Because ever since the *****, the Ingenieur has represented a constant for watchmakers and devotees alike. With its virtually indestructible
      484 words
    • 2939 37 Casting nets wider to cover too many different periods and countries may not produce many good pieces, reports chuamg peck MiniG IF YOU were a collector of, say, antiques, you would quite likely acquire pieces from different periods and countries and across a range of
      2,939 words
    • 527 39 Skin Inc chief and collector Sabrina Tan would rather go for a timepiece, reports chuaimg peck miimc MEN love watches while women prefer diamonds, or so goes the stereotype. But Sabrina Tan, founder of cosmetic company Skin Incorporated, is one woman who would be happier if her
      ARTHUR LEE  -  527 words
    • 614 39  -  CHUANG PECK MING By ONCE popular, vintage wrist watches timepieces less than 100 years old seem to have fallen below the radar screen of collectors in recent years. Rare Patek Philippe or Rolex pieces still fetch record prices at public auctions. But the number of
      ARTHUR LEE  -  614 words
    • 525 40 President's watch chief bent on reviving the brand, especially in the US, reports chuamg peck MiniG THEY have served as alarm clocks for American presidents, rousing them from slumber and reminding them of important appointments. Since Harry Truman was presented one in 1953, every
      525 words
    • 308 40  -  CHUANG PECK MING By BERNARD Fleury grew up with an insider's view of the Swiss watch industry. His father owned a factory that made watch dials and as a boy, he visited it often and grew to love the business and its elegant products. But the
      308 words
    • 1040 41 Wristwatch Annual 2009 HUNDREDS of parts and components go into making a mechanical watch and the terms used for them often sound alien. The glossary offers a guide to the perplexed: Annual Calendar: The watch's calendar module automatically captures the different lengths of each month of a
      Wristwatch Annual 2009  -  1,040 words
    • 1130 42 CHUAMG PECK MING finds OUt how a cheap hobby finally turned collector Mark Gordon into a protector of Russia's past IT began as a cheap hobby that was a lot of fun. But the collecting of Russian timepieces has since morphed into an "unintended" serious undertaking for
      ARTHUR LEE  -  1,130 words
    • 1973 43 YOU don't have to be rich to enjoy watches. There are many fine timepieces in the market that do a good job of keeping time at a reasonable price. These mid-market brands offer the collector some aesthetically pleasing choices as well as potential investment value over time. Of
      1,973 words
    • 1927 45 THE ladies' watches we feature here are predictably gold or platinum pieces, prettily designed and decked with diamonds and pearls. But beneath the bling are timepieces that in some cases match the sophistication of the most complicated watches made for men. One such example is Jaeger-LeCoultre's Master
      1,927 words
    • 1031 50 CHUAMG PECK MING tells the story of two lady bosses one who runs a company that makes timepieces only for women and the other who manages a firm that makes watches only for men IT'S rare to find a woman heading a watch company in
      1,031 words
    • 567 50  -  CHUANG PECK MING By MECHANICAL watches are traditionally for men, and perfume for women. Polly Sohn loves them both. "I am as passionate about watches as I am about creating scents," she says. "When I touch a watch or smell a scent, I feel
      567 words
    • 906 52  -  KELVIN LEE chronicles the rise and fall of the Russian watchmaking industry FEW people know that one of the world's best collections of vintage Soviet watches resides in Singapore. The collection of Singaporean marketing consultant Mark Gordon, comprising some 1,250 watches and clocks amassed over
      906 words
    • 672 52  -  I Kelvin Lee 1 I Compiled by from the collection of Mark Gordon Most accurate TSCHISTOPOLSKY WATCH FACTORY, VOSTOK PRECISION First produced by the Tschistopolsky Watch Factory, this 22-jewel calibre 2809 Precision was arguably the most accurate watch produced by the Soviets. It had the rare
      672 words
    • 509 52  -  Kelvin Lee Compiled by from the collection of Mark Gordon IMWF 3133 (23 jewels) The 3133 chronograph ***** bph movement is the most commonly available Poljot movement today. While production stopped a few years ago, there are enough parts available to make
      509 words
    • 1471 54 The most interesting thing about Rolex, according to kelviim lee, is its brand association with events and people in history PEOPLE are passionate about mechanical watches for different reasons, some of which have little to do with telling time. For many, owning a finely handcrafted timepiece
      1,471 words
    • 2030 54  -  KELVIN LEE By PERHAPS the best way to appreciate a vintage Rolex is to be involved in its restoration. At the time of writing, my friend and collector of vintage Rolexes Hon Leong had just finished restoring a GMT Master 1675
      2,030 words
    • 808 55 Omega's 40th moon landing anniversary editions this year include 7,969 pieces in steel and 69 in platinum and yellow gold, reports R sivaiuithy FORTY years ago on July 20, 1969, at 8.56 pm Eastern Standard Time, astronaut Neil Armstrong of the Apollo 11
      808 words
    • 368 55  -  CHUANG PECK MING By < IT'S less than a year to the Singapore 2010 Youth Olympic Games and the clock is ticking. The countdown kicked off a fortnight ago on Aug 14 when Senior Minister and Coordinating Minister for National Security S
      368 words
    • 832 56 While Maximilian Busser's creations resemble spaceships, Guy Ellia's works are inspired by car engines, reports chuaimg peck miimc MAXIMILIAN Busser and Guy Ellia are two independent watchmakers pushing the boundaries of luxury watchmaking. And Singapore's two leading watch chains, who carry their timepieces, are keen
      832 words
    • 839 56  -  SURESH MENON Ever wonder why he stands alone with a naked wrist despite being surrounded by watch maniacs? Foreign Editor MY TIME with watches has not been particularly pleasant involving caning, an eerie incident of a falling clock and the subsequent disappearance of the dinner date, to
      839 words
    • 988 57 The pilot watch has come a long way in the last hundred years, reports womg wei komg WHEN German fighter and bomber pilots fought over the British Isles in the Battle of Britain in World War 11, the watches they wore were an essential military tool. These
      988 words
    • 1514 58 THE focus in horology has always been on the watch case and the movement within, or what is collectively called the watch head. But there is a part of the watch that is equally important, the watch strap or bracelet. Think about it this way: what really
      ARTHUR LEE  -  1,514 words
    • 698 58  -  CHUANG PECK MING By WALK into Omega's boutique in newly-opened lon Orchard and you'll find Aqua Terra on display. No, that's not a diver's watch but a fragrance for men that the Swiss watchmaker has developed for the first time with the help
      698 words
    • 1012 59 The mainstream pop icon is the first non-jazz musician to be featured in the Oris musician limited editions, and the first living legend Oris has honoured, reports chuamg peck MiniG AFTER almost five decades in the business, legendary folk and rock musician Bob Dylan
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    • 526 59  -  CHUANG PECK MING By THE Oris Limited Edition Jazz Watch has honoured the who's who of jazz musicians, which we list here. The Andy Sheppard Jazz Watch kicked off the Oris Limited Edition Jazz Watch in 1996 at the Oris London Jazz Festival. The conventional round
      526 words
    • 1686 60 Japanese watchmakers have no qualms about using electronics, or even getting rid of mechanical components altogether, reports su jiaxiam MENTION Swiss watches and most will think of high-end timepieces. And that's broadly accurate since Switzerland is the world leader in value of timepiece exports
      1,686 words
    • 464 62 HOW limited are limited edition timepieces? The range actually varies quite widely. Those that we showcase range from a one-and-only piece (the JaegerLeCoultre Master Minute Repeater Venus and the Gerald Genta Octo Minute Repeater) to limited editions that come in batches of more than 7,000 pieces
      464 words
    • Article, Illustration
      2523 62 Baumer Mercier Riviera Magnum XXL Flyback Chrono Ref no: M0A***** Movement: Auto (AROLA 7750 Flyback) Case: 45 mm, height 15.1 mm, sand-blasted black PVD steel Dial: Black-tinted sapphire Band: Black vulcanized rubber with adjustable triple folding buckle Remarks: Water resistance to 200 metres Limited edition: 1,000 pieces Price: $11,300 Chopard
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    • 914 63 Austrian watchmaker offers watches that allows customers to add new complications over time, reports chuamg peck MiniG THE idea remained on the drawing board for five years before his wife Maria-Kristina came along, looked at it, liked it and told him to just do
      YEN MENG JIIN  -  914 words
    • 501 65 chuaimg peck miimc finds out what serious watch collectors look for when it comes to the critical moment of putting their money down YOU can restore a watch to make it look like new again, but be warned, it will not be as valuable to a collector
      501 words
    • 695 65  -  CHUANG PECK MING By AN executive in the Swiss watch industry summed it up best when Patek Philippe announced in March that it was ditching the Geneva Seal of excellence and unveiling its own quality mark, the Patek Philippe Seal: "The (Geneva) seal didn't
      695 words
  • Page 29 Advertisements
  • Page 29 Miscellaneous
    • 22 29 I CONTENTS: Men's watches pages 2,4,6 Affordable collectibles page 16 Ladies'watches pages 18,22 Bold and beautiful page 31 Limited editions pages 36,38
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  • Page 30 Advertisements
    • 112 30 MM jf^^H X M I_"' > s^-~j~~-Z iDAY AND NIGHT FRANCK MULLER BOUTIQUE SINGAPORE DELFI ORCHARD (65) 6733 9113 lON ORCHARD (65) 6509 3380 I KUALA LUMPUR KLCC SHOPPING CENTRE (603) 2166 2173 I MELBOURNE 119 COLLINS STREET (613) 9650 ***** JAKARTA GALLERIA GRAND HYATT (6221) 310 7608 I BANGKOK
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  • Page 33 Advertisements
    • 39 33 ■UV Classique Automatic Tourbillon Breguet, the creator of the Tourbillon www.breguet.com Boutique Breguet, 328 North Bridge Road, #01-18 Raffles Hotel Arcade Singapore, tel: +65 6338 6006 PARIS CANNES GENEVA VIENNA LONDON NEW YORK LOS ANGELES DUBAI MOSCO TOKYO SEOUL
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  • Page 35 Advertisements
    • 82 35 09 frS^^S^^Bß V 9ft '--.V-'. '.'■'ill Bfl y' BBBu- M*^ Jlj I /Vffifp.': ■''rr'Tß.''' 1 1 JT, ,"Mt A* m'' i"*-"-"-*-"'■""■■."'.". I.S^'i^tVfJ'r/'M&i m -'■-■■-■■":".'."■""-j"«-V^/*9flSlSyvl^H I fJ■■'■""-■-■-"■" ■-■'if^*M>si!Kr*j^Hß 1 m Itti^flH 5-- 'mI 'I' 'bit*46 H "fiitrfigh WMWi^i<H*'lti JH H^ft B^Bl t L^B^VBaBT < ■■j I I■ i bb| ■bh b\T^M
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  • Page 36 Advertisements
    • 22 36 IWC SCHAFFHAUSEN SINCE 1868 IWC Schaffhausen, Switzerland, www.iwc.com IWC Boutique, lON Orchard, 2 Orchard Turn, #02-06, Singapore *****1. Tel: (65) 6509 9640
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  • Page 38 Advertisements
    • 57 38 AUDEMARS PIGUET Le maitre de I'horlogerie depuis 1875 MILLENARY COLLECTION V'^ W&L-' v- f '<^ fc jPSKb^^^''-1-'--I:^".'^'"^ --\\Vi i \-V\JiL. _^m a y' s-::- -<\?^r DEFY TIME CONSTRAINTS PINK GOLD WATCH WITH CENTRE SECONDS AND DATE DISPLAY, EXCLUSIVE SELF-WINDING AUDEMARS PIGUET MOVEMENT. WATER-RESISTANT TO 20 METRES, also available in white
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  • Page 39 Advertisements
    • 40 39 HI MBrnmlSn i ,*****1^ WW- j-^m Ma H^Hk -St"s -^L ■■*■«'*"> -■■jar > O 9J| Bg^^H i I BwWH ~'.'''<^mH Tfttr SOS HH BBraBH IBfBWHff mPHBB WBi 2fl EBSBaffIEBEBU HiMlilllfimilwM Bsl^^ii lill nts'l ».^r« J Jal ■nil HHSMH BHUmWB HRHI HUP BlilTH^^Btv^T^M
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  • Page 40 Advertisements
    • 67 40 has its origins in the town of Ur in Mesopotamia. In 6000 BC, Ur's inhabitants, the Sumerians, defined the very m M M.^T® first unit of time; thus laying the foundation for the measurement m _J^*^K mmmm m^k of time as we know it today. Our work is a tribute
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  • Page 41 Advertisements
    • 49 41 CO Z LU z v < Mwmut d^H i^^r A ,^r *AWwW**^r^^w\ J? WW m\ THE CREATORS [^^l^^ I HOROLOGICAL LAB WWW.MBANDF.COM Horological Machine N D3-The Engine 0 THE HOURGLASS Contemporary Horological Art Singapore NGEE ANN CITY TEL: 65-6734 2420 TANG PLAZA TEL: 66-6236 7198 lON ORCHARD TEL: 65-6509 9268
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  • Page 42 Advertisements
    • 173 42 AmmW (■|SjS> /mmW m^^ "'"'^^^^k. I ll fMm\ XmT IH In v^Sum\ v 1 f Ik -mmmm~, I a H|\ Wwmwt' Mm mm^^mmmW^^ J m mf^MS -"'''-^3l >:^r^3 mWmmwiMl :m^': a 4-1"' mayu, ref. 325.503-010. Palladium case with elegant Fume dial. Handwound cai. HMC 325.503 with bevel wheels. At least
      173 words


  • Page 44 Advertisements
    • 110 44 Chateau Lafite Rothschild, 2000 II 1/lE EH BOUH OUIEAULM-'I > PAi: 3M '^HMiij"i:vi. Uf^J^^^^rf WAIT. r Mi H i -'vj 11 ft in I Pwfl in Us HHI Is J J flUvi FJ BENJAMIN F J Benjamin Service Centre 230 Orchard Road, #04-230 Faber House, Singapore *****4 Service Centre: (65)
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  • Page 47 Advertisements
    • 437 47 "*^l^^^__=___ *M-*nM*m>W M**^^^^ -Mm M}*^ 's&z^mmt_ mm m___. ____WW___________' x W m*aWW_\\ '*mv_W9___T^ _____P ''"WWfWf*^^^^^^^ T __a___^ Tl' g^M^^»^—J ItaipriP*-* -If ,^bbb!__?»* k^^^^Btt^^u _^^Mtt_£____N__^____Bdlflfik! _H_fr___£t_K____^>______- ""^SBfcs^ «t\^^SJBS -j&w__ftt _m fl^-B-fl "F"3B___£^_l9 _iv 4H frfl H -*5! (RSSSB KV ■BiiS?^^^™*!! BP*^*3 iWß__i_»_______________» k3 l .^S JflK '^^El^m "^^Jl_Ki I j___________\_tl__W\f ______P______i
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  • Page 48 Advertisements
    • 64 48 Authorised Retailers: EMOTUS, Marina Square, tel: +65 *****757 HING'S WATCH PEN CENTRE, Bras Basah Complex, tel: +65 *****151 NANKING WATCH, Peninsula Shopping Complex, tel: +65 *****304, *****658 THE EASTERN WATCH, Lucky Plaza, tel: +65 *****139 VINCENT WATCH, Tampines Mall, tel: +65 *****868 WATCHES OF SWITZERLAND, Paragon, tel: +65 *****793 WATCHES
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  • Page 51 Advertisements
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  • Page 57 Advertisements
    • 110 57 More than 250 years of continuous history a VuJm t^S. I jgF WIN xV'- \^^l n" \H PATRIMONY TRADITIONNELLE Vj W 0 38mm pink gold case. Caliber 2455 H Hallmark of Geneve. Self-winding mechanical movement. Date calendar at 3 o'clock. Running seconds at 9 o'clock. See-through caseback. Anti-reflective sapphire crystal.
      110 words


  • Page 59 Advertisements
    • 174 59 mM^MW I W^WM^L^^ mmm\^% wwwmm W W \\m^^ mMMl^mm. I I 'J v^^Bm^. v mW^^PMm*^ -mm amm ml* -wm mm W > j^^v [—Jm Amm w lO »a m mw^ \*^m^Qm mv\ W MEXICO iT^^^^ Z^^M MWwWW MmM rzkw^^M fsSt Mr m\wr^' A. HB^^^^J mmS 4l^J*^ M i^r -V^B f^^^^
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  • Page 66 Advertisements
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  • Page 68 Advertisements
    • 54 68 m. MrAwm j& l^_J_H __^^fl K r V j^_M% WMWMMt ____H________ _____H r X_ -j__i^____________i £>'___________ ____r ____H H_M____________________.____ _______H "~.'v-. Hl jMM mmw^ mm* m. ii y^__\__m _^r ■hmmhW Bbh.T^Sr___fl V .^4* W^B ____r WWmW K___l Kfl _r_____ l_te-^ __r_____ __r W __r > mm^^ P"*^M __fl V V_■
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