The Business Times, 21 June 2013
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2013-06-21
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The Business Times
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Title Section25 2013-06-21 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 MICA (P) 074/08/2012 Friday, June 21, 201325 words
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929 2013-06-21 1 JOYCE HOOI - Tourism may take worst hit; companies worry about safety costs, fall in productivity By JOYCE HOOI [SINGAPORE] As the city gasped for air yesterday, the economic fallout of the haze threatened to choke businesses. Consumer-driven industries were the first to get hurt, with929 words
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327 2013-06-21 1 MINDY TAN - By MINDY TAN [SINGAPORE] Work ground to a halt at three upcoming train stations on Wednesday after Alpine Bau GmbH, the main contractor for them, filed for insolvency. It had been working on building Downtown Line Stage 2’s King Albert Park,327 words
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Article, Illustration785 2013-06-21 1 VIKRAM KHANNA - Addiction to cheap money has to end some day, but markets are too spoilt to listen COMMENTARY VIKRAM KHANNA Associate Editor FOR several days leading up to the meeting of the US Federal Reserve’s key policymaking body, the Federal Open Market Committee (FOMC), which ended on785 words
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Page 1 Advertisements
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Advertisement150 2013-06-21 1 EXECUTIVE LIFESTYLE Big is beautiful PAGE 32 WINE Young at heart PROPERTY New HDB ruling on renovation workers PAGE 28 PAGE 20 COMMENTARY Fed again sends mixed messages to markets PAGE 18 **********04 GENEVE Creator of dreams ERENA Mechanical, 18K Pink Gold, Diamond-Set Bezel, MOP Dial with Diamond Hour Markers150 words
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Advertisement23 2013-06-21 1 BT PROPERTY CLASSIFIEDS BT’s CATS property feature is now available to BTO subscribers. To subscribe to BT Property Classifieds, email cats8@sph.com.sg PAGES 20-2223 words
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TOP STORIES
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Article408 2013-06-21 2 Businesses sputter as haze comes with bill AS the city gasped for air yesterday, the economic fallout of the haze threatened to choke businesses. Consumer-driven industries were the first to get hurt, with the taxi business seeing a 25 per cent drop in the number of commuters. FRONT408 words
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Article, Illustration806 2013-06-21 2 VIRGINIE MANGIN - Nine-month low reflects continuing weakness in local, external demand By VIRGINIE MANGIN in Beijing CHINA’S flash HSBC Purchasing Managers’ Index (PMI) for June dropped to a nine-month low yesterday, pointing to continuing weakness in local and external demand, and prompting analysts toPHOTO: REUTERS - 806 words
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850 2013-06-21 2 ANTHONY ROWLEY - Bernanke’s monetary tightening plan coincides with bad news on China’s economy By ANTHONY ROWLEY in Tokyo STOCK prices, currencies and commodities all took a severe hammering in Asian markets yesterday after US Federal Reserve chairman Ben Bernanke confirmed on Wednesday that the Fed850 words
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Article, Illustration667 2013-06-21 2 ROB CURRAN - FEDERAL OPEN MARKET COMMITTEE By ROB CURRAN THE US Federal Reserve on Wednesday pledged to continue buying bonds until next year and boosted its view of economic growth, but like a spoilt child the stock market still wasn't happy. Markets had plenty of warning that667 words
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MARKETS DIGEST
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Article65 2013-06-21 2 HST INDEX 3,133.26 (-80.53) HST INDEX FUTURES 3,133.00 (-81.00) HSIMSCI 351.22 (-9.55) HSIMSCI FUTURES 350.90 (-9.60) US$ S$ US$ (S$ per US$) 1.276 (US$/S$ per 1.544 1.969 EURO (US$/S$/€ 1.322 1.687 Foreign currency per US$ S$ YEN 98.20 77.70 RM 3.206 2.513 HK$ 7.756 6.081 BAHT 31.07 24.36 RUPIAH65 words
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Article48 2013-06-21 2 Thursday Change KL COMP 1,762.34 -10.54 NIKKEI 225 13,014.58 -230.64 HANG SENG 20,382.87 -602.02 SET INDEX 1,402.19 -35.51 JAKARTA COMP 4,629.99 -176.66 MANILA COMP 6,326.67 -186.53 SEOUL COMP 1,850.49 -37.82 SHENZHEN B 782.76 -21.00 MUMBAI IND 18,719.29 -526.41 12noon EDT Change DOW 14,921.54 -190.65 NASDAQ 3,393.21 -49.9948 words
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Article21 2013-06-21 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.388 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 Source: Bloomberg21 words
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Article, Illustration808 2013-06-21 4 LEE U-WEN - Not possible for Singapore to come to a standstill, says PM Lee SINGAPORE CHOKES Reports by LEE U-WEN [SINGAPORE] The haze could well continue for several months because of the current dry season, but Singapore must remain open for business. Amid talkPHOTO: JAMIE KOH/THE STRAITS TIMES - 808 words
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356 2013-06-21 4 [SINGAPORE] Indonesia warned Singapore to stop behaving “like children” over the smog from Sumatra that has forced the air quality in the city-state to reach hazardous levels for the first time. Agung Laksono, the minister in charge of coordinating Indonesia’s response to the haze, also356 words
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595 2013-06-21 4 ANDREA SOH - S’pore urges Jakarta to share the names of firms involved By ANDREA SOH [SINGAPORE] Even as plantation companies deny having any part in the slash-and-burn practices in Indonesia, attention has turned to their third-party suppliers as a possible weak link in the supply595 words
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506 2013-06-21 4 ONG CHOR HAO - By ONG CHOR HAO [SINGAPORE] Construction firms are hoping that the haze will be a short-term blight, even as they take measures to protect the health of their workers and business. Industry players said that they foresee the impact the choking smog will506 words
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626 2013-06-21 4 JOYCE HOOI - By JOYCE HOOI [SINGAPORE] As the haze swept over the island this week, it left unsold burgers, empty tables and at least one cancelled quiz night in its wake. The restaurant industry, dependant on the great outdoors and a general feeling of well-being626 words
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738 2013-06-21 4 NISHA RAMCHANDANI - By NISHA RAMCHANDANI [SINGAPORE] Singapore’s tourism industry doesn’t appear to be hurting as yet but a prolonged period of haze could spell trouble for the industry during holiday season. It remains business as usual at Changi Airport, although the airport has738 words
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Page 2 Advertisements
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Advertisement59 2013-06-21 2 The best pure-play private bank in Asia EFG 0 Bank Asiamoney Private Banking Poll 2012 30 global locations www.efginternational.com FIGHT THE HAZE OFFICE VIRUSES! Rent a Superior Electronic Air Cleaner At Only S$199.00/mth! *Suitable for 1000 sqft office space v* r* r* o- •V*i Contact us 6743 8888 I 973459 words
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Advertisement141 2013-06-21 3 THE BEST CLASS a GS S27 RX The Luxury SUV rst GS Exceeding Expectations EXPERIENCE AMAZING AT THE NEW LEXUS BOUTIQUE. Many seek recognition, only a few earn it, At Lexus, we strive to create an exhilarating driving experience designed around you, Inspired performance, committed craftsmanship and a devotion to141 words
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COMPANY NEWS
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882 2013-06-21 5 MICHELLE QUAH - Deal will see Jubilee issuing 97.5 million new shares at $0.1543 each By MICHELLE QUAH FORMER Novena Holdings CEO Toh Soon Huat is leading a group of 17 investors, including a unit of mainboard-listed Serial System, to pump a total of882 words
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172 2013-06-21 5 ARMSTRONG Industrial Corporation Limited said yesterday that it has received a proposal from a consortium involving its major shareholder that may result in the delisting of the company. It added that the terms of the non-binding indicative proposal are still being negotiated between members172 words
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Article, Illustration226 2013-06-21 5 VEN SREENIVASAN - By VEN SREENIVASAN WHILE most businesses are struggling to cope with the impact of the acrid haze blanketing Singapore, the air pollution is proving to be a boon for one company in its share price at least. The stock of medical suppliesSource: Bloomberg - 226 words
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452 2013-06-21 7 CARINE LEE - S-chip also intends to appoint compliance adviser, internal auditors By CARINE LEE SHAREHOLDERS of China Sky Fibre Chemical Ltd can expect to be informed of the correct material facts and compliance position of the Singapore-listed company concerning the aborted land acquisition in452 words
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Article, Illustration364 2013-06-21 7 LEE KIM SIANG - $111.6m expected assuming full conversion to shares By LEE KIM SIANG ISDN Holdings Limited, an integrated engineering solutions provider for several industries, plans to raise up to $111.6 million in gross proceeds from the issue and exercise of warrants. Of the amount, $3.6 million364 words
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385 2013-06-21 7 ANDREA SOH - Firm gets $11.9m boost from sale of stake in China unit By ANDREA SOH BOOSTED by a one-time gain from the sale of its stake in an associate, Stamford Tyres Corporation posted an 18.5 per cent rise in earnings for its full385 words
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213 2013-06-21 7 SINGAPORE Press Holdings (SPH) and The Straits Times received stern warnings from the police yesterday for contravening the Parliamentary Elections Act (Chapter 218). The Attorney-General’s Chambers said that the warnings were issued in lieu of prosecution for the offence of publishing213 words
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476 2013-06-21 8 SIOW LI SEN - Payments being made promptly less than half the time, says credit bureau By SIOW LI SEN COMPANIES’ cashflow problems are worsening. Payments are being made promptly less than half the time, as companies struggle with rising business costs amid tepid growth. The Singapore Commercial476 words
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Page 5 Advertisements
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Advertisement125 2013-06-21 5 ""7 m M ■%> o Ir 45 in 0 W x 4 1 o s a m O o o URIA/ERK PRESENTS THE UR-mOTTH IN TANTALUM AND ITS REVOLVING SATELLITE COMPLICATION ON PLANETARY GEARS (also available in red gold and AITIN) URWERK GENEVE THE HOURGLASS URIA/ERK has its origins in125 words
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SINGAPORE MARKETS
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Article, Illustration582 2013-06-21 6 R SIVANITHY - STI plunges 80pts; Fed decision means good news on the US economy is the reverse for stock markets STOCKS R SIVANITHY Senior Correspondent WORRIES that the US central bank will soon stop pumping money into the US economy returned with a vengeance yesterday, sendingSource: Bloomberg - 582 words
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Article72 2013-06-21 6 Jun 20 VALUE CLOSE BT OB/OS -706.00 -78.00 BT CADI -*****.00-315.00 BT 10-day MA -*****.00 -71.00 FTSE ST Mid Cap 750.16 -21.65 FTSE ST Small Cap 568.54 -12.35 FTSE ST All Share 769.94 -19.98 FTSE ST China Top 197.09 -4.07 FTSE ST China 228.03 -4.51 FTSE ST72 words
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Article186 2013-06-21 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 12 2 0 0 0 1 12 2 Manufacturing 18 79 29 6 14 4 24 93 33 Commerce 8 35 10 1 6 3 9 41 13 Tpt/Stor/Comms 5 26 8186 words
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Article, Illustration775 2013-06-21 6 LYNN KAN - Compiled by LYNN KAN ComfortDelGro Corporation June 20 close: S$1.765 OCBC Investment Research, June 20 COMFORTDELGRO (CDG) is showing signs of stabilising after the partial stake sale by the Singapore Labour Foundation about a month ago. At its lowest, CDG fell by more than 20 per cent fromSource: Bloomberg - 775 words
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Article123 2013-06-21 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 26,226 26,226 81,786 81,786 Manufacturing 278,383 253,872 532,255 188,644 19,718 208,362 Commerce 115,884 58,216 174,100 97,623 5,179 102,802 Tpt/Stor/Comms 118,955 15,094 134,049 272,735 6,232 278,967 Finance 162,789 289 163,078 309,422 125 309,547 Construction 103,307 22,128123 words
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Article117 2013-06-21 6 Stock name Close Change CapMallsAsia 1.805 -0.070 CapitaLand 3.120 -0.130 CapitaMall 2.000 -0.030 CityDev 10.470 -0.030 ComfortDelGro 1.765 -0.045 DBS Grp 15.600 -0.510 GLP 2.630 -0.060 Genting SP 1.360 -0.035 Golden Agri 0.555 -0.015 HK Land 6.610 -0.230 HPH Trust US$ 0.750 -0.015 JMH 59.720 -2.490117 words
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Article, Illustration570 2013-06-21 6 CURRENCIES Reuters [MUMBAI] The Indian rupee slumped to a record low of 59.9850 yesterday as the country’s record high current account deficit is exacerbating its vulnerability in an emerging market rout, although interventions by the central bank prevented further falls. The Reserve Bank ofReuters; PHOTO: AFP - 570 words
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Article56 2013-06-21 6 VOLUME Innopac 123,775,000 Cedar 98,127,000 Golden Agri 77,573,000 Medtecs 67,893,000 Teledata 58,222,000 SingTel 49,776,000 Genting SP 43,930,000 Thai Beverage 40,168,000 WE Hldgs 38,949,000 Transcu Grp 38,065,000 VALUE($) SingTel 179,067,751 DBS Grp 127,330,430 CapitaLand 94,320,290 UOB 75,005,555 OCBC Bk 63,043,130 Genting SP 60,021,090 GLP 59,201,035 Wilmar 56,732,090 ISDN56 words
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Article105 2013-06-21 6 BY CENTS CLOSE UP DBXT S&P Short 10US$ 3027 79.1 2.1 Total Access 386 10.2 2.1 UOB 5.05%NCPS 100 ***** 10.0 0.1 Jubilee 25.5 8.6 50.9 ISDN Hldgs 142 7.0 5.2 CN7200MBePW*****0 10.4 5.5 112.2 DBS MB ePW*****2 17.2 4.7 37.6 Haw Par 1 715 4.0 0.6 Matex 14.1105 words
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Article131 2013-06-21 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -691.1 -4.1 Lyxor Indonesia10US$ 9414 -610.7 -4.8 DBXT Nifty 10US$ 9806 -405.5 -3.1 JMH 5972 -317.5 -4.0 DBXT MSEurope 10US$ 5015 -216.8 -3.3 DBXT MSKorea 10US$ 5252 -215.5 -3.1 DBXT MSTHAI 10US$ 1948 -145.4 -5.5 DBXT MSAsExJp 10US$ 3047 -144.1 -3.6 DBXT131 words
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Page 7 Advertisements
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Advertisement58 2013-06-21 7 The World’s Strongest Bank. We believed it, we made it happen. $$QNB Bloomberg Markets a WORLD’S BANKS 2013 Start believing. If you're looking for a successful and trustworthy financial relationship, you'll find it with the strongest bank in the world. After all, your trust in us is the secret to58 words
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Page 8 Advertisements
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Advertisement3643 2013-06-21 8 SATS Ltd. (Incorporated in the Republic of Singapore) Company Registration No. *****1770G NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 40th Annual General Meeting of SATS Ltd. (the “Company”) will be held at the Marina Mandarin Ballroom, Level 1, Marina Mandarin Singapore, 6 Raffles Boulevard, Marina Square,3,643 words
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SINGAPORE NEWS
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616 2013-06-21 9 LYNN KAN - Vessel traffic, port operations remain unaffected: MPA By LYNN KAN AT Singapore’s cargo and cruise terminals, the concerns are about safety and health not disruptions. “Vessel traffic in the Port of Singapore and port operations remain unaffected,” said a spokesman for616 words
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609 2013-06-21 9 MINDY TAN - Its offer of $908.17 psf is 17% higher than closest rival’s By MINDY TAN CAPITALAND’S Athens Residential Development was found to have bid higher than 11 others at the close of tender yesterday for the 99-year leasehold site at Coronation609 words
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Article404 2013-06-21 9 MALMINDERJIT SINGH - By MALMINDERJIT SINGH US businesses are looking to increase two-way trade and investment with Asean economies through free trade network and more connectivity. The roadmap includes plans to get all Asean countries to join the ambitious Trans-Pacific Partnership (TPP) trade agreement, support Myanmar’s membership of404 words
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Page 9 Advertisements
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Advertisement389 2013-06-21 9 CAFE CHAIN GENERAL MANAGER (CHIEF OPERATING OFFICER) Applicants are invited for this senior position. Requirements Management experience at senior level, preferably in the food and beverage industry, with multiple outlets. Tertiary education from reputable tertiary institution. Preferably with some finance and accounting background. Strong in human resource management. High level389 words
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MALAYSIA/INDONESIA
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Article, Illustration528 2013-06-21 10 Reuters [JAKARTA] Indonesia will carry out a big increase in fuel prices on Saturday, settling months of agonising over the politically divisive issue that was damaging confidence in South-east Asia’s biggest economy and sapping the state’s finances. Fuel subsidies, which the government argues largelyReuters; PHOTO: AFP - 528 words
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465 2013-06-21 10 Bloomberg [JAKARTA] Indonesia’s fuel-price increase this month will strengthen the rupiah and the trade balance as oil imports fall, while removing the incentive for smugglers to sell subsidised products abroad, Finance Minister Chatib Basri said. The nation will meet its budget assumption of theBloomberg - 465 words
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466 2013-06-21 10 PAULINE NG - Member states’ ambitions mismatch, lack of political will are biggest hurdles By in PAULINE NG By in Kuala Lumpur ACHIEVING the Asean Economic Community (AEC) by the end of 2015 at least in the way it has been envisaged is pretty466 words
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Advertisement813 2013-06-21 10 notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Cheyenne Assets (BVI) Limited Business Company Number: *****21 In Voluntary Liquidation Notice is hereby given that in accordance with the British Virgin Islands Business Companies Act, 2004 (as amended), the voluntary liquidation of Cheyenne Assets (BVI) Limited commenced on 05/06/2013 and that Alison813 words
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Advertisement695 2013-06-21 10 FORM 69(3) NOTICE OF INTENDED DIVIDEND Name of Company LEO LAUNCHES PRIVATE LIMITED (In Liquidation). Address of registered office 333 North Bridge Road #08-00 Singapore *****1 Last day for receiving proofs 5th July 2013 Name of Liquidator Lim Chee San Address of Liquidator 101 Cecil Street #19-02 Singapore *****3 Dated:695 words
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Advertisement505 2013-06-21 10 IN THE MATTER OF SECTION 290 OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF AAL(S) PTE LTD (Co. Reg. No: *****3411C) (“Company”) NOTICE OF SPECIAL RESOLUTION FOR MEMBERS’ VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the members of the above-named Company, duly convened and held at505 words
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Advertisement386 2013-06-21 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PACKETEXCHANGE (SINGAPORE) PTE. LTD. (In Members' Voluntary Liquidation) Reg No. *****0336K (“the Company”) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company duly convened and held on 14 June 2013, the Resolutions set out386 words
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Advertisement0 2013-06-21 10 =|\;]-.__`~>!.?/;=*=)|<>|""%,[/0 words
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Advertisement360 2013-06-21 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF UBI CAPITAL SINGAPORE PTE. LTD. (In Members’ Voluntary Liquidation) Reg No. *****0920D (“the Company’’) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company duly convened and held on 14 June 2013, the Resolutions set360 words
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GREATER CHINA/INDIA
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Article, Illustration532 2013-06-21 11 Territorial disputes speed up public works in frontier regions Bloomberg [NEW DELHI] India is ramping up spending on infrastructure to help secure states that border Pakistan and China, providing a boost to building companies that are grappling with the worst economic slowdown in aBloomberg; PHOTO: REUTERS - 532 words
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430 2013-06-21 11 Bloomberg [BEIJING] One of China’s most polluted cities has proposed to limit vehicle ownership through a lottery, becoming the latest locality to do so in the world’s largest car market as air quality and traffic congestion worsen. Shijiazhuang, the capital ofBloomberg - 430 words
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298 2013-06-21 11 Reuters [NEW DELHI] India has launched a wide-ranging surveillance programme that will give its security agencies and even income tax officials the ability to tap directly into e-mails and phone calls without oversight by courts or parliament, several sources said. The expandedReuters - 298 words
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Page 11 Advertisements
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Advertisement29 2013-06-21 11 BUY/SELL PATEK PHILIPPE/ROLEX #01-46 Peninsula Plaza #02-90K People’s Park Complex #01-53 Lucky Plaza #01-44 People's Park Centre #01-45 The Bencoolen #01-K31 Bukit Timah Plaza Call 6339 9609 Peng Kwee29 words
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Advertisement343 2013-06-21 11 Movenpick White Sand Beach Pattaya 15 years Rental Guarantee u P to g% BUYBACK GUARANTEE' 1 La .-X&sSrfS trati wshjjSSHi r i II 28C5Srsr y* VI' 1 """iii t *dtni mm c 53 r u is La, y 'Jf ‘Jli ii All images featured are artist impressions only PROPERTY SHOWCASE343 words
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ECONOMY WATCH
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553 2013-06-21 12 Full agreement held back as each side was going ‘beyond its mandate’ AFP [BRUSSELS] After months of tough negotiations, the EU executive, the member states and the parliament have thrashed out a possible compromise on a tril-lion-euro (S$ 1.68 trillion) budget to coverAFP - 553 words
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Article, Illustration659 2013-06-21 12 Reuters [BERNE] The Swiss National Bank said it remains sufficiently concerned about the strength of the franc and the risks to its economy to stick to its cap on the safe haven currency. The Swiss economy has been expanding faster than expected,Reuters; PHOTO: REUTERS - 659 words
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369 2013-06-21 12 Reuters [PARIS] French services and manufacturing activity shrank at a slower pace than expected in June, a poll showed yesterday, adding to signs that the business slump in the eurozone’s second-biggest economy is moderating. Led by an improvement in manufacturing activity,Reuters - 369 words
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Page 12 Advertisements
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Advertisement172 2013-06-21 12 SELLING YOUR CAR, COMMERCIAL VEHICLE OR CAR ACCESSORIES ONLINE? POST YOUR AD "!)AB60@A STCARS.sg .E5< #5EE52 C9< #9$ ";DE!9% 5FE 97 !C E5? 6/,***** 0,% 50 2’4+ f Available on the 8;? #5J!I"5#.$@5! 9J "!,!#?2AC JI!ID =@’>IC H9= 0 =@5DIJ?;#5J@7 ,5;I@;9 !8? #H9= 5:?@’ J? !H I ?>5 3 ways172 words
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WORLD
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474 2013-06-21 13 June manufacturing growth slows as hiring pace, foreign demand weaken LATEST US DATA Reuters [WASHINGTON] US existing home sales rose in May to the highest level in 31/2 years and prices jumped, a sign the housing sector recovery is gatheringReuters - 474 words
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357 2013-06-21 13 Reuters [FRANKFURT] Germany’s government will club together with 10 of its regions for a ground-break-ing bond issue worth up to three billion euros (S$5 billion) that they hope will allow them to borrow more cheaply. Berlin agreed last year to the jointReuters - 357 words
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Article, Illustration381 2013-06-21 13 Reuters [NEW YORK] Five of the six most expensive office areas in the world are in Asia, as demand by global companies to locate there outstripped the supply, according to a semi-annual report released yesterday by real estate services company CBRE. ForReuters; PHOTO: BLOOMBERG - 381 words
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397 2013-06-21 13 Bloomberg [LONDON] Tom Hayes, the former UBS and Citigroup trader, conspired with employees of at least five other banks and three interdealer brokers over a four-year period to manipulate yen Libor rates, prosecutors said. Hayes appeared at a London criminal court for the firstBloomberg - 397 words
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645 2013-06-21 13 3% leverage ratio set 4 1 2 years ahead of global deadline Reuters [LONDON] Britain’s banks will have to raise £13 billion (S$25.6 billion) of extra capital and meet a new cap on lending ahead of international peers as the BankReuters - 645 words
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Article, Illustration427 2013-06-21 13 AFP [TOKYO] The head of Sony told shareholders yesterday that the company’s board was studying from “all sorts of angles” a proposed plan to spin off part of its profitable entertainment arm, but said that it would not be rushedAFP; PHOTO: AP - 427 words
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387 2013-06-21 14 Liberal Democratic Party pledges to reduce tax ahead of Upper House poll Reuters [TOKYO] Prime Minister Shinzo Abe’s ruling party yesterday vowed to cut Japan’s corporate tax rate to revitalise the world’s third biggest economy, in hopes of winning an Upper HouseReuters - 387 words
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Article, Illustration588 2013-06-21 14 It is ready to provide extra spending if tax hike dampens growth Bloomberg [TOKYO] Japan’s government is ready to provide extra spending if a sales tax increase next year damps economic growth, a senior finance ministry official said. “We must take appropriateBloomberg - 588 words
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Advertisement148 2013-06-21 13 PRIME MALAYSIA PROPERTY DANGA BAY, JB Area: 2.85/5.74/10.47 Acres Freehold/Commercial/1:4.0 RM400psf Full WaterFront Site. Suit Development of Hotels, Service Apts, Retail Shops Offices 1 SENIBONG, JB Area: 8.866 Acres Freehold/Commercial/1:4.0 RM380psf Full SeaFront Site. Suit Development of Hotels, Service Apts, Retail Shops 2 PERMAS JAYA, JB Area: 8.9/18.9/52 Acres Freehold/Commercial/1:4.0148 words
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Advertisement1607 2013-06-21 14 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices WE HOLDINGS LTD. (Incorporated in the Republic of Singapore) (Company Registration No. *****0445D) NOTICE OF EXTRAORDINARY GENERAL MEETING Unless otherwise defined, all capitalised terms herein shall bear the same meaning as used in the circular dated 21 June 2013 issued by WE1,607 words
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Advertisement98 2013-06-21 14 THE BVI BUSINESS COMPANIES ACT, 2004 White Angel Ventures Inc. Company No. *****83 (the "Company") a BVI Business Company NOTICE OF LIQUIDATOR'S APPOINTMENT NOTICE IS HEREBY GIVEN pursuant to section 204 (1) (b) of the BVl Business Companies Act, 2004 that Chong Weiyi of 1 Raffles Place, #28-02 Tower 1,98 words
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Advertisement134 2013-06-21 14 In the Matter of The Companies Act, Cap. 50 And In the Matter of ADELPHI PROPERTY PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg. No. *****3401E) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final General Meeting134 words
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Advertisement0 2013-06-21 14 ]|,,?!!&>(&{';<+"}<~."&%|`!(.|$0 words
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Advertisement43 2013-06-21 14 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. WATci NOTICES 1 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices MATS NOTICES43 words
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Advertisement147 2013-06-21 15 OMETIMES, BEING Labelled Works To your Advantage. Especially if your Wine Finds Favour With Our panel Of CEOs. If you are a wine producer or distributor, submit your top labels for this award and vie for recognition. 10 deserving wines will be picked by 10 CEOs known for their wine147 words
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AVIATION/SHIPPING
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Article, Illustration942 2013-06-21 16 Duo neck and neck with over US$55b deals each; rivals make little headway Bloomberg [NEW YORK] Boeing Co and Airbus SAS reasserted their dominance at the aviation industry’s largest trade expo as challengers including Bombardier Inc failed to win any orders for sin-gle-aisleBloomberg; PHOTO: BLOOMBERG - 942 words
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215 2013-06-21 16 Reuters [BANGALORE] The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, continued its gaining streak on Wednesday, as rates for both capesize and panamax vessels climbed. The overall index, which factors in the average dailyReuters - 215 words
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Article, Illustration415 2013-06-21 16 Reuters [PARIS] Jet engine makers booked US$24 billion in orders for power plants and service contracts at the Paris Airshow on Wednesday, reflecting airlines’ voracious appetite for fuel-sav-ing jets. CFM International, a joint venture of General Electric and Safran, added US$13.06 billion inReuters; PHOTO: AP - 415 words
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468 2013-06-21 16 US-Asia capacity to be pared further in July Reuters [CHICAGO] FedEx Corp reported a higher-than-expected quarterly profit on Wednesday, sending its shares higher, but the world’s biggest airfreight company said that it was cutting more capacity between the United States and Asia.Reuters - 468 words
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446 2013-06-21 16 Reuters [PARIS] Increased cyber espionage by China and recent leaks by a contractor working at the National Security Agency have put a sharp focus on cybersecurity for aerospace and defence companies showing off their wares at this year’s Paris Airshow. “We, like others, areReuters - 446 words
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Article237 2013-06-21 16 SGX '000 Jun 20 S$ +/-Vol CH Offshore 0.43 unch 134 Chuan Hup Hldg 0.26 -0.01 130 Cosco Corp 0.76 -0.01 924 S$ Ezra Hldgs 0.94 -0.01 1287 First Ship Lea CH Offshore Freight Links Grand Banks.............0.32 unch 15 Jaya Hold Ltd 0.58 unch 53 K1Ventures 0.17 unch237 words
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Page 16 Advertisements
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Advertisement28 2013-06-21 16 GOODBYE, SINGAPORE India’s high commissioner looks back as he moves on to his next posting PHILANTHROPIC MERCHANTS GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST28 words
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Page 17 Advertisements
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Advertisement247 2013-06-21 17 Subscribe to SPH Directly Stay Connected Enjoy your news on PRINT, ONLINE, SMARTPHONES, or TABLETS when you subscribe direct. Same Service The same newspaper vendor will continue to serve you. No Surprises No untimely visits for payment collection. SPH Rewards Direct subscribers enjoy exciting rewards at sphrewards.com.sg THE BUSINESS TIMES247 words
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EDITORIAL & OPINION
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518 2013-06-21 18 EDITORIAL WITH Malaysia’s elections now over, it is good that Prime Minister Najib Razak has announced the formation of a select panel to study ways to reduce the fiscal deficit and strengthen public finances. Specifically, he wants to trim the budget deficit to 3518 words
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Article, Illustration822 2013-06-21 18 DAVID MASON - THE BOTTOM LINE DAVID MASON The writer, who was a Price Waterhouse Singapore partner for 18 years, is a business communications consultant in the UK who spends several months a year in Singapore. He is currently visiting Singapore. SINGAPORE is822 words
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Article, Illustration989 2013-06-21 18 LEON HADAR - FOMC statement only raises new questions about if and when QE’s tapering will occur LEON HADAR Washington Correspondent IS the US Federal Reserve chairman, Ben Bernanke, finally going to provide a clear sense of the direction of policy that the US central bankPHOTO: AP - 989 words
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Article, Illustration1128 2013-06-21 19 ALAN LAU, CHUA KONG PING - Industry experience shows that a prescriptive legislative approach is unwieldy as transactions evolve By ALAN LAU, CHUA KONG PING The writers are, respectively, head of financial services, tax, and senior manager, corporate tax, at KPMG in Singapore. The views expressed are their own INAFP FILE PHOTO - 1,128 words
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Article, Illustration746 2013-06-21 19 PETER THAL LARSEN - REUTERS BREAKINGVIEWS By PETER THAL LARSEN CHINA may be a long way from its “Minsky moment”. Rising leverage has prompted many to predict the kind of financial meltdown theorised by economist Hyman Minsky. But China’s closed, state-controlled system is well placed to postponePHOTO: REUTERS - 746 words
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PROPERTY
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Article, Illustration387 2013-06-21 20 Bloomberg [HONG KONG] The Hong Kong government’s measures to curb real estate prices are deterring existing homeowners from selling their properties, exacerbating a shortage of housing supply in the city, according to Jones Lang LaSalle Inc. The government should replace the extra tax imposed onBloomberg; PHOTO: BLOOMBERG - 387 words
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405 2013-06-21 20 MALMINDERJIT SINGH - Only certified workers allowed to carry out demolition work from 2014 By MALMINDERJIT SINGH [SINGAPORE] Renovation contractors will be required to hire only certified workers to carry out demolition or hacking works in HDB flats from Jan 1, 2014. The HDB announced this mandatory405 words
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258 2013-06-21 20 Bloomberg [HONG KONG] Pacific Investment Management Co (Pimco), manager of the world’s biggest bond fund, sees value in European commercial mortgagebacked securities (CMBS) on signs of a lending recovery in the recessionplagued region. “There are opportunities in CMBS,” said Felix Blomenkamp,Bloomberg - 258 words
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Article, Illustration987 2013-06-21 22 They risk sanctions if they don’t improve treatment of clients in danger of foreclosure Bloomberg [WASHINGTON] The largest US mortgage servicers, including Citigroup and Bank of America, haven’t done enough to upgrade their treatment of customers in danger of foreclosure, according toBloomberg; PHOTO: BLOOMBERG - 987 words
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Page 20 Advertisements
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Advertisement463 2013-06-21 20 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements WATci D04 HOUSE FOR SALE SENTOSA COVE WAY 2½-storey Bungalow 8159 sqft, 6+1 pool lift. Berth, tranquil, water way, new. Call Veronica Lim 9455 0898 DTZ D10 HOUSE FOR SALE CLUNY ***Cluny!! A cut Above The rest. Wow!!!! Low Land size 15,000+463 words
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Advertisement83 2013-06-21 20 D01 APARTMENT FOR SALE MARINA BAY SUITES Ultra Luxurious Penthse MBS. Magnificent bay/ IR/ sea view. 5+family+pool. Sherry 9735 3597 D03 APARTMENT FOR SALE QUEENS 1195 sqft. Spacious 3 bedrms, Quiet facing. Minuutes walk to Queenstown MRT. Asking $1,430 psf negotiable D04 APARTMENT FOR SALE CORALS KEPPEL BAY Corals at83 words
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Page 21 Advertisements
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Advertisement323 2013-06-21 21 D05 APARTMENT FOR SALE THE ROCHESTER New List! Premium 2 rooms 1302 sqft. #30 up. Unblock. Vacant. Melody Tang 9003 2241 D08 APARTMENT FOR SALE VANADIUM D08 1km to ACSJ, St. Margaret, SJI. Exclusive! 4rm, Penthouse. Freehold, 2088sf. Bright. Mins to MRT/ City. Asking $2.XM D09 APARTMENT FOR SALE 111323 words
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Advertisement173 2013-06-21 21 D10 APARTMENT FOR SALE THE METZ Serious Seller! S$2130 psf! 3-storey penthouse 3240 sqft. 4rms Family. Huge Master. Awesome View. High ceiling. Irene Tow 9023 5325 Savills D10 APARTMENT FOR SALE VILLA AZURA Villa Azura, Freehold, 1604 sqft, biggest 3 bdrm, $14XX psf, sell vacant. mins to future MRT. Call173 words
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Advertisement171 2013-06-21 21 D15 APARTMENT FOR SALE ST PATRICK’S RESIDENCES St Patrick’s Residences. Just TOP! June Promo! Freehold. 2/ 3/ 4/ 5 bdrm, Penthouse, 1507-3423 sqft. Near Tao Nan School. D18 APARTMENT FOR SALE LIVIA 4+1, 1539 sqft. #10 above. Bright. F/facilities. Mall/ MRT. $9XX psf. By appt. 9233 9796 Sundar D19 APARTMENT171 words
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Advertisement190 2013-06-21 21 D10 HOUSE FOR RENT ONE TREE HILL Bungalow 4500 6500 sf. Excellent cond 6+1+1 rms. S/pool. 2 storey attic basement. $26K. Agent’s welcome. Call 9863 5635/ 9727 2996 D10 HOUSE FOR RENT THIRD AVENUE D10 Good Class Bungalow. Third Avenue, Hilltop 20K sqft. 6+1. Big patio. New aircons and windows.190 words
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Advertisement172 2013-06-21 21 D10 APARTMENT FOR RENT SOMMERVILLE GRANDEUR Near MRT/ market. Low rise, 1830 sqft. 3+1 rooms, well renovated, avail Aug 9733 3368 Cindy D11 21 APARTMENT FOR RENT KEW LODGE Exclusive Low Rise Tudor Townhouse Kew Lodge. Rustic. 3 1 Family. Large Patio. Renovated. New Kitchen. $6800. Nancy 9632 0071 D13172 words
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Page 22 Advertisements
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Advertisement618 2013-06-21 22 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements D11 21 SHOP FOR SALE BUKIT TIMAH A* Rare!!! Freehold Shophouse. Walking distance to newton MRT. Approx 3600sf. Exclusive listing. Call now D11 21 SHOP FOR SALE NOVENA REGENCY Free Legal Talk on Buying Commercial on 22 June. RSVP 9853 9998 Yeow618 words
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Advertisement163 2013-06-21 22 FOREIGN PROPERTY FOR SALE OFFICE IN MALAYSIA Menara MBMR Mid Valley FH grade A premiuim office suites, old price unit release, RM$100K cheaper than latest price.Mar Property *****944 FOREIGN PROPERTY FOR SALE BUNGALOW IN MALAYSIA Why pay $1200psf for 99 yrs condo? Freehold RM450psf. Iskandar 6bdrms Bungalow. RM3.68M. 8 mins163 words
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Article2729 2013-06-21 23 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Camden/New2,729 words
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Page 23 Advertisements
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Advertisement27 2013-06-21 23 Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES Shipping Times27 words
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Advertisement18 2013-06-21 23 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times18 words
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Page 24 Advertisements
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Advertisement181 2013-06-21 24 Importers looking for Warehouse Can they find your services here in the Shipping Times? the business times TO ADVERTISE, CALL JOE WONG AT 9620 1327 fl FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327181 words
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Advertisement0 2013-06-21 24 ?-?)>?{(;?!{>]_),:$<*!)(&!?@*\<0 words
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SINGAPORE STOCKS
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Article2978 2013-06-21 25 Transaction date: Jun 20 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote (’000) High Low Buyer Seller 188 106 AIMSAMPIReit 159.5 -6 977 161.5 1592,978 words
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Article209 2013-06-21 26 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C’vr P/E Smil 19209 words
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Article11172 2013-06-21 26 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** 1.12/ Aberdeen Asset Mgt Asia Limited Global Emerging Markets!** Asian Smaller Cos!” 1.9903/ EM local Ccy Bond ...0.9527/ European Opportunities!" 1 1978/ Global Emerging Markets!” Global11,172 words
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Article262 2013-06-21 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.1 25 AVJennings A43.5 -1.5 11 43.5 43.5 43.5 45 3.6 8 3.5 161.1 52 30.5 Genting HK US$ US47.5 -1.5 3340 48 47 47 47.5 3127.6262 words
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Article931 2013-06-21 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF Last 143 120.4 CIMB APAC Div 100S$D 129.8 -1.7 3 131 129.8 129 129.7 114.4 96 CIMB APAC Div 100US$931 words
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FINANCE & COMMODITIES
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Article640 2013-06-21 27 Jun 20 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.85 *****.82 *****.41 Sep13 *****.00 *****.00 *****.00 *****.00 *****9 *****5 Dec13 *****.00 *****.00 *****.00 *****.00 8 ***** MSCI TAIWAN INDEX FUTURES SPOT 284.29 284.29 280.88 Jun13 285.70 285.90 279.50 279.90 ***** *****3 Jul13 280.10640 words
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373 2013-06-21 27 In local curr In S$ In US$ dy yr dy yr dy yr Jun 19 Index Change Change Change Change Change Change World Preliminary 1056.1 0.0 12.6 -0.4 14.1 0.2 11.0 EAFE Preliminary 853.7 0.2 10.2 0.0 10.0 0.5 7.0 Europe Preliminary 1219.6 -0.4 6.3373 words
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Article471 2013-06-21 27 Jun 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.950 5.636 0.696 7.135 55.054 91.351 0.903 10.544 2.949 1.179 90.896 40.294 1.173 9.455 0.858 27.729 28.578 0.596 0.920 Canada 1.052 5.930471 words
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Article65 2013-06-21 27 Jun 20 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths SWAP Mid rates65 words
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Article137 2013-06-21 27 Jun 20 GOLD(US$/oz) Jun 19 Jun 20 Hong Kong 1380.00 1324.00 Jun 18 Jun 19 London 1363.46 1373.46 1364.33 1374.23 Source: Thomson Reuters CAST BAR Jun 20 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 121 54 5gm 344 269 10gm 615 539137 words
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Article92 2013-06-21 27 Jun 20 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.25 6-Month BS*****T 13-Dec-13 0.27 1-Year BY*****H 02-May-14 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 99.82 99.92 99.92 5-Year N*****0T 0.592 words
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Article57 2013-06-21 27 Jun 20 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 13 2476.0 2457.0 2480.0 2459.0 149 3540 Aug 13 2494.0 2472.0 2497.0 2471.0 7603 ***** Sep 13 2485.0 2462.0 2491.0 2460.0 ***** ***** Oct 13 2478.0 2453.057 words
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Article155 2013-06-21 27 Jun 20 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1726 1.1742 0.9197 0.9202 Canadian dollar 1.2337 1.2355 0.9682 0.9676 Euro 1.6861 1.6875 1.3224 1.3225 NZ dollar 0.9948 0.9963 0.7802 0.7808 Sterling pound 1.9683 1.9700 1.5438 1.5439155 words
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Article121 2013-06-21 27 As at 9am Jun 20 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.208 1.151 Can dollar 1.257 1.209 Euro 1.724 1.642 Sterling pound 2.000 1.924 NZ dollar 1.023 0.984 US dollar 1.294 1.233 Local dollars to 100 units of foreign121 words
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Article157 2013-06-21 27 Jun 20 $S Offer Bid 0vernight 0.05 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.05 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.55 0.35 9 months 0.65 0.45 12157 words
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1131 2013-06-21 27 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 ..........0.4xe 1 146 655 48.50 11 Ratio Albedo Limited W*****9 Price Prem Disc Asiatravel.com HoldingsW*****7 1 1 25 13 Asiatravel.com HoldingsW*****5 2 1 27 37 BakerTech W*****5 Expiry1,131 words
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Article109 2013-06-21 27 Jun 19 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 13 1523.00 1510.75 1527.00 1505.25 Aug 13 1447.00 1435.50 1450.50 1429.00 Sep 13 1352.75 1337.25 1358.00 1331.75 Nov 13 1310.75 1289.75 1319.00 1285.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 13109 words
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Article95 2013-06-21 27 Jun 19 COCOA (£/tonne) Close Prev High Low Jul 13 1436 1439 1448 1433 Sep 13 1448 1452 1459 1447 Dec 13 1458 1460 1467 1456 Mar 14 1461 1463 1469 1458 COFFEE(US$/tonne) Close Prev High Low Jul 13 1779 1744 1782 1735 Sep 13 1795 1763 1798 175595 words
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Article70 2013-06-21 27 CRUDE OIL PRODUCTS Jun 19 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.17 0.40 WTI (Near Mth) 97.82 -0.61 Dubai (1-Mth F) 103.27 1.28 Tapis blend 110.20 1.14 Minas 106.65 1.34 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 95.56 0.84 Jet Kerosene 120.05 1.13 US$/barrel OpecOil Basket70 words
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Article22 2013-06-21 27 Jun 20 S$ Bid Offer 1-month 1.2749 1.2759 2-months 1.2749 1.2761 3-months 1.2749 1.2761 6-months 1.2750 1.2763 Source: OCBC22 words
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Article66 2013-06-21 27 Jun-19 Jun-19 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1783.75 1795.75 3 months 1830.00 1841.00 Copper, Grade A(US$/tonne) Cash 6925.75 6969.75 3 months 6960.00 7005.00 Lead(US$/tonne) Cash 2053.75 2080.50 3 months 2066.00 2091.50 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months66 words
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WINE/ARTS
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Article, Illustration1081 2013-06-21 28 writesNK YONG - Old wines, especially white wines, are highly sought after for their rarity and storied past, writes NK YONG writesNK writesNK YONG WE were enjoying Leflaive’s Puligny-Montra-chet 1er cru Les Pucelles 1983 over dinner at the new Ming Kee Restaurant two nights ago, and my friend, astonished atPHOTO: NK YONG - 1,081 words
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Article, Illustration746 2013-06-21 28 DYLAN TAN - By DYLAN TAN THE Arts House is serving a slice of Singapore life with its first-ever food series Food-O-Philia. It opened on Wednesday and will run for six weeks until the end of July. Food-O-Philia aims to celebrate our national obsession withPHOTOS: THE ARTS HOUSE, FILE - 746 words
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Page 28 Advertisements
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Advertisement81 2013-06-21 28 Aim, Shoot, Score Are you a HR Professional looking to fill up vacancies in your company? Sign up with STJobs.sg now to take aim at the right candidate and access almost 100,000 registered users and resumes. STJOBS.sg Awarded Best in Cross r^Al-—Media Advertising (Silver) for Asian Digital Media Awards 201281 words
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Advertisement56 2013-06-21 28 THE GREAT DIGITAL SALE 70 0/ OFF YOUR FAVOURITE /o MAGAZINES when you subscribe to 12 issues of the digital edition now! altu Mens BODY Mi'ii'- HIAIM n» CO HIAIM Microsoft Yea or Nay Subscribe Now! Offer valid from May 15 fa July 31, 2013. Download the magazines through: Available56 words
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Advertisement251 2013-06-21 28 L IT ASIA a Learn how government assistance schemes can help boost productivity profitability for your business! Tap on the expertise of officers and advisors from Workforce Development Agency, SME Centre SCCCI and SME Infocomm Resource Centre SIRS in a wide spectrum of areas to enhance your business needs! Financial251 words
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ARTS
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Article, Illustration866 2013-06-21 29 CHEAH UI-HOON - The Liechtenstein collection premieres at the National Museum, reportsCHEAH CHEAH UI-HOON ANOTHER major exhibition opens at the National Museum next week, where the attraction isn’t just the works stunning pieces from the Renaissance and Baroque periods though they are but the princely dynasty which built upPHOTO OF UNPACKING OF THE COLLECTION: ARTHUR LEE; PHOTOS OF ART WORKS: LIECHTENSTEIN, THE PRINCELY COLLECTIONS, VADUZ-VIENNA - 866 words
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Article, Illustration842 2013-06-21 29 CHEAH UI-HOON - By CHEAH UI-HOON FOR many Hong Kongers, 1997 was a turning point for their country and their lives. The year when Great Britain finally relinquished its hold on the territory to China impacted contemporary artist Tse Yim On in ways that still define hisPHOTOS: IPRECIATION GALLERY - 842 words
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Around Town
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Article184 2013-06-21 29 Lee Mingwei’s Luminous Depth Peranakan Museum’s first contemporary installation: New York-based artist Lee Mingwei specifically conceived Luminous Depths for the space and collection of the Peranakan Museum, inspired by his first visit to the museum in 2011. The new project is about memory and museums, exploring the idea of184 words
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Article, Illustration392 2013-06-21 29 Fourlies: This experimental play focuses on key issues in creating and documenting a work of art, like historical revisionism, creative freedom and character autonomy in a literary work. What if a certain character in a story takes the liberty to rewrite a story to suit his own ends? WhatPHOTO: LA COMEDY LIVE - 392 words
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Article, Illustration567 2013-06-21 30 HELMI YUSOF - By HELMI YUSOF DAWN Ng may be a celebrated artist but she calls herself something of a “technophobe”: “I always think that to start a gadget, I just need to smack it a few times.” It was only when curator iola LenziPHOTOS: MASTERPIECESART.COM - 567 words
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Article, Illustration1182 2013-06-21 30 HELMI YUSOF - Hong Kong’s mauve coiffed socialite-gallerist Pearl Lam confirms Nov 19 as opening date for her space in Gillman Barracks, reports HELMI YUSOF reports HELMI YUSOF PEARL Lam, the glamorous and flamboyant Hong Kong gallerist of indeterminate age, is flirting with the Swiss waiter. “You’re wearingPHOTO: JULIAN DE HAUTECLOCQUE HOWE - 1,182 words
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Article, Illustration740 2013-06-21 30 HELMI YUSOF - By HELMI YUSOF THERE was never any doubt that Rani Moorthy a former beloved star of Singapore stage and screen can do comedy and put on multiple accents. There was never any doubt her stage presence looms so large, it sometimes engulfed thePHOTOS: ESPLANADE - 740 words
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Page 29 Miscellaneous
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Miscellaneous317 2013-06-21 29 CRYPTIC CROSSWORD Across 1 Dope confused by rhythm heard in walker’s recorder (9) 6 Frenchman in RADA performing this? (5) 9 Applause for speech when ranting initially gives way to verse (7) 10 Very much a bargain? (5,4) 11 Opening 24 hours when payment’s due (4-3) 12 Train worker for317 words
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CINEMA
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Article, Illustration575 2013-06-21 31 writesDYLAN TAN - Save for the stunning CGI, the rest of World War Z starring Brad Pitt is dead on arrival, writes DYLAN TAN writesDYLAN writesDYLAN TAN PERHAPS a more appropriate title for the new Brad Pitt zombie snoozefest should have been World War Zzz. As aPHOTO: PARAMOUNT PICTURES - 575 words
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Article, Illustration835 2013-06-21 31 AP JAMES Gandolfini, whose portrayal of a brutal, emotionally fragile mob boss in HBO’s The Sopranos helped create one of TV’s greatest drama series and turned the mobster stereotype on its head, has died in Italy. He was 51. Gandolfini died on Wednesday while on holidayAP; PHOTO: AP - 835 words
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Article, Illustration452 2013-06-21 31 DYLAN TAN - By DYLAN TAN THERE’S definitely more than a sprinkling of Disney magic in the new Pixar offering Monsters University. A prequel to the 2001 hit Monsters, Inc, the film isn’t half as fun as the original but it’s still difficult to resist the heartwarming charms of its loveablePHOTOS: AP, REUTERS - 452 words
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executive lifestyle
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Article, Illustration2276 2013-06-21 32 GEOFFREY EU, HELMI YUSOF - isThe world’s biggest art fair, Art Basel, proves once again why it’s the place to be for galleries and art collectors. By GEOFFREY EU and HELMI YUSOF ByGEOFFREY GEOFFREY EU, HELMI YUSOF ON a stage in Basel, Switzerland, a cluster of dancers is rising and falling togetherPHOTO: AFP; PHOTOS: HELMI YUSOF, GEOFFREY EU - 2,276 words
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Page 32 Advertisements
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Advertisement11 2013-06-21 32 CINEMA The Arts House curates delectable repast of films PAGE 2811 words
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