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Straits Times, 19 February 2011

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Article also available on Microfilm Reel NL31269


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THE STRAITS TIMES. MICA (P) 108/11/2010 SATURDAY, FEBRUARY 19 2011 A SINGAPORE PRESS HOLDINGS PUBLICATION ESTABLISHED 1845 1.00

INSIDE 252 PAGES IN NINE PARTS

More than a big bonus [ARTICLE+ILLUSTRATION]

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More than a big bonus Budget aims to grow incomes, strengthen society, says Tharman PRIME PAGES 2&3

12-page special [ARTICLE+ILLUSTRATION]

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12-page special More reports and extracts from Finance Minister’s speech PAGES D1-12

Foreign worker levy up [ARTICLE+ILLUSTRATION]

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Foreign worker levy up More incentives for employers to increase productivity PRIME PAGE A8

$6.6 BILLION BONANZA [ARTICLE+ILLUSTRATION]

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$6.6 BILLION BONANZA Finance Minister Tharman Shanmugaratnam unveiled a package of Budget goodies yesterday that was the most generous in years. Households will receive cash payouts, tax rebates and top-ups that will help them battle rising costs and strengthen society for the future. Cash, CPF and savings All adult Singaporeans

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BREAKING NEWS: www.straitstimes.com INTERACT: www.stomp.com.sg EMAIL: stomp@stomp.com.sg VIDEOS: www.razortv.com.sg NEWS TIPS: 1800-*****28 With prices from$$1,107,,8800 ADVENTURE the just got better. With Symmetrical AWD drivetrain and Boxer Engine, the impressive Subaru Forester makes every adventure a joy. What’s more, with amazing prices from $107,800*, this remarkable car offers possibly the best

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INSIDE

Rising anger in Mid-East [ARTICLE]

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Rising anger in Mid-East ANGER rose again in the Middle East yesterday as hundreds of thousands took to the streets in Bahrain, Yemen, Libya, Cairo and elsewhere. Analysts predicted the uproar could prompt the Gulf states to use military force to prop up Bahrain’s rulers in hopes of preventing the

Has SSC GM left town? [ARTICLE]

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Has SSC GM left town? MR B.B. KHOO, general manager of the Singapore Swimming Club, did not turn up for an interview with the Ministry of Manpower about his academic qualifications. The Malaysian also did not report for work and may have left Singapore. HOME PAGE B6

Move on schedule but... [ARTICLE]

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Move on schedule but... PLANS for City Harvest Church’s controversial $310 million move will be scaled back. The use of Suntec’s convention halls will not be exclusive, with the church able to hold services there only on weekends. LPRIME PAGE A14

Cricket World Cup focus [ARTICLE]

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Cricket World Cup focus THE cricket World Cup starts today in the sub-continent and Singapore-based Rohit Brijnath recalls the noise, colour and excitement which gripped India when it co-hosted the event in 1987. ST’s opening-day package includes a look at India’s chances against Bangladesh and favourites to qualify. L SPORT

MBS’ ‘lotus’ blossoms [ARTICLE]

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MBS’ ‘lotus’ blossoms THE ArtScience Museum opens today with three blockbuster exhibitions. Just as impressive is the architecture of the lotus-shaped museum, designed by Israeli-born architect Moshe Safdie. LLIFE! PAGES E22 23

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City Harvest scales down at Suntec [ARTICLE+ILLUSTRATION]

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City Harvest scales down at Suntec Church’s plan for 12,000-seat auditorium shelved for now BY YEN FENG zengyan@sph.com.sg CITY Harvest Church will begin its services at Suntec Singapore on March 19, a year after it announced the controversial, $310 million move which put the megachurch in the spotlight. While the

Tear gas fired on Bahrain protest [ARTICLE]

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Tear gas fired on Bahrain protest Possibility of Gulf states using military to prop up monarchy AGENCE FRANCE-PRESSE REUTERS ASSOCIATED PRESS MANAMA: Security forces fired tear gas on thousands of protest marchers in Bahrain’s capital after angry calls to topple the Gulf nation’s monarchy resumed. The uproar raised the spectre

Parents who want to divorce must undergo counselling [ARTICLE]

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Parents who want to divorce must undergo counselling Sessions aim to ensure couples work out custody, care for children BY MAVIS TOH mavistoh@sph.com.sg COUPLES with children who want to divorce will soon have to attend mandatory counselling and mediation sessions, ordered by the Family Court. Each couple will likely have

Watch out for flash floods over weekend [ARTICLE+ILLUSTRATION]

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Watch out for flash floods over weekend PUB warns that low-lying areas at risk due to heavy rain and tide levels BY DARYL CHIN ROYSTON SIM darylc@sph.com.sg roysim@sph.com.sg FLASH floods could hit some low-lying areas here this weekend. The combination of heavy rain with thunder in the afternoons and tide

Power struggle behind fall of ‘Leaping Liu’ [ARTICLE+ILLUSTRATION]

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Power struggle behind fall of ‘Leaping Liu’ China’s rail minister had survived scandals because of connections BY PEH SHING HUEI CHINA BUREAU CHIEF shpeh@sph.com.sg BEIJING: The news last weekend that Railways Minister Liu Zhijun has been detained gave rise to one question among many Chinese: What took so long? The

Jailed over cigarettes: 4 workers acquitted [ARTICLE]

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Jailed over cigarettes: 4 workers acquitted They did not know tax on cigarettes they handled had not been paid: Appeals judge BY K. C. VIJAYAN LAW CORRESPONDENT vijayan@sph.com.sg FOUR foreign workers, who pleaded guilty and spent three months in jail, have been acquitted after prosecutors dropped charges two weeks after

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BUDGET 2011, IN LEGO! Go to straitstimes.com/ttl to watch the video

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TOMORROW IN FROM MADAGASCAR TO SINGAPORE Small foreign communities have sunk roots here

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All eyes on Jobs but no photo op [ARTICLE+ILLUSTRATION]

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All eyes on Jobs but no photo op White House decision not to release photo with Obama fuels rumours on Apple chief’s health REUTERS WOODSIDE (California): For once, US President Barack Obama wasn’t the most closely watched figure in a high-profile meeting between him and several information technology industry leaders.

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Budget 2011: ‘Grow and Share’ [ARTICLE]

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Budget 2011: ‘Grow and Share’ AT A time when fiscal austerity has gripped governments around the world, Finance Minister Tharman Shanmugaratnam is in an enviable position. The Singapore economy surged by 14.5 per cent last year, and the resulting windfall in revenue can now support a generous Budget. There is

Is Indonesia the right model? [ARTICLE+ILLUSTRATION]

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Is Indonesia the right model? POST-MUBARAK EGYPT BY YANG RAZALI KASSIM FOR THE STRAITS TIMES The writer is a senior fellow with the S. Rajaratnam School of International Studies, Nanyang Technological University. NOW that Egyptian president Hosni Mubarak has been removed from office, many views have been offered on the

Arab turmoil a warning for China’s ruling party [ARTICLE+ILLUSTRATION]

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Arab turmoil a warning for China’s ruling party BY CHING CHEONG SENIOR WRITER chingcheong@gmail.com CHINA sees much to be disturbed in the current turmoil in the Arab world. Within the space of four weeks, people power aided in no small part by the new social media has toppled the leaders

review.

Life stages and S’pore’s baby woes [ARTICLE]

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Life stages and S’pore’s baby woes BY YAP MUI TENG FOR THE STRAITS TIMES The writer is a senior research fellow at the Institute of Policy Studies, National University of Singapore. ONJAN 17, Deputy Prime Minister Wong Kan Seng announced at the Institute of Policy Studies’ (IPS) Singapore Perspectives 2011

Horrors, don’t get duped by the horoscope [ARTICLE+ILLUSTRATION]

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Horrors, don’t get duped by the horoscope DAEDALUS BY ANDY HO SENIOR WRITER andyho@sph.com.sg IT APPEARS that people born on any date between Nov 29 and Dec 17 actually fall under an unheralded constellation called Ophiuchus. Therefore, such folk have been getting bogus astrological readings all their lives. That, of

The official who became a god – and his market [ARTICLE+ILLUSTRATION]

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The official who became a god and his market LETTER FROM KYOTO BY JANICE TAY CORRESPONDENT tastingjapan@gmail.com OF THE flea markets held in Kyoto each month, the greatest are these: The handicraft display at Chion-ji temple on the 15th, the To-ji market its size rivalled only by its eclecticism on

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WILL OPPOSITION’S SWEET & SOUR STRATEGY STILL WORK? [ARTICLE+ILLUSTRATION]

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WILL OPPOSITION’S SWEET SOUR STRATEGY STILL WORK? This year marks the 20th anniversary of the use of the ‘by-election strategy’ in the 1991 polls, which saw the election of four opposition MPs. This opposition strategy ensures the PAP is returned to power on Nomination Day so that voters can elect

No, it wasn’t Chiam’s idea [ARTICLE+ILLUSTRATION]

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No, it wasn’t Chiam’s idea BY ELGIN TOH WHO was the brain behind the by-election strategy in the 1991 polls which saw four opposition candidates being elected into Parliament? Mr Chiam See Tong, the then leader of the Singapore Democratic Party (SDP) who led the election campaign, has often been

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Acupuncture is a genuine treatment [ARTICLE]

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Acupuncture is a genuine treatment ALTERNATIVE MEDICINE Chew Say Yeow President Singapore Acupuncture Association DR ANDY Ho cited a clinical study which concluded that acupuncture is a placebo (“Pinning down acupuncture: It’s a placebo”; Feb 12). We think it is inappropriate to compare acupuncture with other forms of treatment. Any

SMA wrong to sacrifice science for political correctness [ARTICLE]

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SMA wrong to sacrifice science for political correctness Oon Ming Liang THE Singapore Medical Association’s (SMA) response (“Unwise to criticise alternative medicine, says SMA”; Tuesday) to Dr Andy Ho’s articles on complementary and alternative medicine was unfair to the writer (“Perils of chiropractic neck manipulation”, Jan 21; “Indefensible ideas behind

FORUM ONLINE [ARTICLE]

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FORUM ONLINE More letters on www.straitstimes.com 1 MS LEE PAI PING: Employer held to ransom by runaway maid 2 DR TAN SING CHEE: Objectivity must underscore medical treatment 3 DR LEE WOON KWANG: Why it is not right to endorse TCM referrals 4 MR TAN KIN LIAN: TCM works for

A tap is all seniors need for more crossing time [ARTICLE]

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A tap is all seniors need for more crossing time Helen Lim (Ms) Deputy Director, Media Relations Land Transport Authority THE Land Transport Authority (LTA) generally allots a longer time for the signal allowing pedestrians to cross the road at crossings where there are more vulnerable pedestrians, such as the

Revised code aimed at helping the elderly [ARTICLE]

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Revised code aimed at helping the elderly Chin Chi Leong Director, Building Plan Management Division Building and Construction Authority IN THE Building and Construction Authority’s (BCA) last review of the Code on Barrier-free Accessibility in Buildings in 2007, we did not ease the codes (“Greyer, creakier and less mobile”; Editorial,

Land line portability entails network costs [ARTICLE]

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Land line portability entails network costs Dylan Tan Corporate Communications Manager SingTel WE THANK Mr Rahmat Hamzah for his letter (“Land line portability: Why is there a need to impose this charge repeatedly?”; Feb 12). Each analogue telephone number is tied to a specific telephone exchange. The recurring charges for

Tweak rule to help genuine upgraders [ARTICLE]

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Tweak rule to help genuine upgraders Algene Hong I REFER to Madam Lim Yu Hong’s letter on Wednesday (“Housing woes mar bundles of joy”). The Government’s property cooling measures in August last year and last month to maintain a stable and sustainable property market have, unfortunately, had some adverse effects.

Some banks help ease the cash crunch [ARTICLE]

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Some banks help ease the cash crunch Adam Tan Corporate Communications Marketing Manager PropNex Realty MADAM Lim Yu Hong and her husband must be congratulated on their expanded family (“Housing woes mar bundles of joy”; Wednesday). We empathise with their plight in trying to upgrade to a larger HDB flat

WRITE IN [ARTICLE]

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WRITE IN LETTERS should be sent only to The Straits Times. They should be no longer than 400 words and must include the writer’s full name, address and phone numbers. The Forum editor reserves the right to edit a letter. For women, please indicate Miss, Ms, Mrs or Madam. Please

New pay benchmark for maids sparks a runaway problem [ARTICLE]

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New pay benchmark for maids sparks a runaway problem Karen Wan (Ms) THE latest move to increase the minimum salary of Indonesian maids to $450 a month may have sparked a drastic change in their attitude (“Few existing maids have asked for pay rise”; Feb 8). The Ministry of Manpower

“There should be rules against what the agencies have done.” [ARTICLE]

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“There should be rules against what the agencies have done.” Forced to conform MS TANG LISHAN: “The recent increase in Indonesian maids’ pay is clearly the collective work of the 17 maid agencies (‘Cut maid levy, beef up pay’ by Ms Stephanie Chok; Monday). The smaller agencies have no choice

“I am not as concerned about the high rate of transfers as I would be if the cases of abuse by maids had spiked.” [ARTICLE]

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“I am not as concerned about the high rate of transfers as I would be if the cases of abuse by maids had spiked.” Track record MADAM GRACE CHUA: “While posting performance data of maid agencies is helpful (‘Helping employers pick a reliable agency’; yesterday), it will not drastically reduce

Suppliers help FairPrice to keep prices low [ARTICLE]

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Suppliers help FairPrice to keep prices low Seah Kian Peng Chief Executive Officer NTUC FairPrice WE THANK Mr Johnnie Chia for recognising our efforts to help our customers stretch their dollar (“Fighting inflation: Follow FairPrice’s gesture of shared burden”; Thursday). Our social mission is to help moderate prices of daily

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THE STRAITS TIMES SATURDAY, FEBRUARY 19 2011 PAGE MRT MRT

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Nokia E7. Success finds itself in good company. Touch and type plus large 4” screen View, edit and create documents Multiple email accounts 8 megapixel camera, HD filming and HDMI output nokia.com.sg/E7 Inc. Facebook of trademark registered a is Facebook Nokia. 2011

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WHAT’S ONLINE MOST READ, MOST COMMENTED ON AND MORE [ARTICLE+ILLUSTRATION]

Page 1

WHAT’S ONLINE MOST READ, MOST COMMENTED ON AND MORE www.straitstimes.com MOST-READ ONLINE L Do Singaporeans dress and behave inappropriately L Father jailed for sexually abusing 4-year-old daughter L Celebrity chef dies at MBS MOST COMMENTED ON L Food, transport, medical costs worry retirees. Says PATZGI “The Government should assist the

Storm flattens section of Mandai forest [ARTICLE+ILLUSTRATION]

Page 1

Storm flattens section of Mandai forest Tree fall in 1.2km-long, 40ha swathe may be largest in a decade here BY GRACE CHUA caiwj@sph.com.sg STRONG winds from last Friday’s storm may have blown over some trees and branches in Mandai Road, but they wreaked far greater damage away from the public

WHAT’S ONLINE MOST READ, MOST COMMENTED ON AND MORE [ARTICLE+ILLUSTRATION]

Page 1

WHAT’S ONLINE MOST READ, MOST COMMENTED ON AND MORE www.straitstimes.com MOST-READ ONLINE L Do Singaporeans dress and behave inappropriately? L Father jailed for sexually abusing 4-year-old daughter L Celebrity chef dies at MBS MOST COMMENTED ON L Food, transport, medical costs worry retirees. Says PATZGI “The Government should assist the

New life for rare trees and plants [ARTICLE]

Page 1

New life for rare trees and plants AMID the damage at Mandai, experts found a previously hidden gem a rare, critically endangered tree known as Alstonia pneumatophora. The National Parks Board (NParks) and the Nature Society hope to collect some seeds from the tree, which was discovered after surrounding trees

Food label offences fall by more than half [ARTICLE]

Page 2

Food label offences fall by more than half Drop linked to moves to educate industry; more manufacturers giving additional product info BY JESSICA LIM limjess@sph.com.sg FIFTEEN years ago, local bee hoon maker Chye Choon Foods used to state only the product’s weight and brand name Peacock on the label. Today,

Ex-ISA detainee’s suits thrown out [ARTICLE]

Page 4

Ex-ISA detainee’s suits thrown out He started legal action against Govt for alleged torture, unlawful detention BY TESSA WONG twong@sph.com.sg A LAWSUIT brought against the Government by a former detainee for alleged torture was thrown out of court, the Attorney-Gener-al’s Chambers (AGC) told The Straits Times yesterday. Also struck out

North East CDC offers nanny option [ARTICLE+ILLUSTRATION]

Page 4

North East CDC offers nanny option BY JUDITH TAN PARENTS living in the north-east who want an alternative to childcare centres can consider engaging nannies to look after their young ones. The North East Community Development Council (CDC) has compiled a list of more than 40 housewives willing to look

Honda recall to affect over 3,000 cars here [ARTICLE]

Page 4

Honda recall to affect over 3,000 cars here CHRISTOPHER TAN MORE than 3,000 Honda cars in Singapore will be affected by a global safety recall to fix flaws that may lead to their engines stalling. The Land Transport Authority said the cohort comprises 1,866 cars sold by authorised Honda agent

LTA’s mobile enforcers hit the streets [ARTICLE+ILLUSTRATION]

Page 5

LTA’s mobile enforcers hit the streets MR AIMAN Zakaria, 23, and Mr Qin Di, 42, are among an undisclosed number of Land Transport Authority (LTA) mobile enforcers who hit the road after the LTA took over five Traffic Police functions in November. Identified by their blue-vested uniforms, the officers look

Harder to book a cab now [ARTICLE]

Page 5

Harder to book a cab now Reasons include higher demand and scheme allowing cabbies to reject bookings BY CHRISTOPHER TAN SENIOR CORRESPONDENT christan@sph.com.sg IT IS now harder to get a cab, even if you are willing to phone-book one thanks to higher demand triggered by the improved economy, higher tourist

Swim club GM in probe goes missing [ARTICLE+ILLUSTRATION]

Page 6

Swim club GM in probe goes missing He skips ministry’s probe into his qualifications BY ELENA CHONG elena@sph.com.sg THE general manager of the Singapore Swimming Club was supposed to turn up at the Ministry of Manpower (MOM) this week to help in investigations into his academic qualifications, but he has

MDA hits pause button on Aware’s DVD of 2009 meeting [ARTICLE]

Page 6

MDA hits pause button on Aware’s DVD of 2009 meeting BY CASSANDRA CHEW WOMEN’S advocacy group Aware’s plan to distribute a set of DVDs of its dramatic extraordinary general meeting (EGM), held in May 2009, has hit a snag. That was the EGM where Aware’s old guard ousted a group

Gerard Ee’s scariest moment: Taking over NKF [ARTICLE+ILLUSTRATION]

Page 6

Gerard Ee’s scariest moment: Taking over NKF BY LEOW SI WAN THE first thing National Kidney Foundation (NKF) chairman Gerard Ee did on his first day at work in 2005 was to go into his new office and shut the door before taking out his rosary to pray. He was

New drug court to help speed up cases [ARTICLE]

Page 8

New drug court to help speed up cases A community sentencing court will also be set up BY MAVIS TOH mavistoh@sph.com.sg SINGAPORE will set up a drug court by the second quarter of this year to shorten the time it takes to settle drug cases. This specialised court will address

home.parliament

More CPF members meeting Minimum Sum requirement [ARTICLE]

Page 12

More CPF members meeting Minimum Sum requirement Over 40% who turned 55 last year made the $123,000 cut BY CAI HAOXIANG haoxiang@sph.com.sg MORE active Central Provident Fund (CPF) members who turned 55 last year have in their retirement savings the Minimum Sum set by the Government, according to the latest

Thaipusam rules apply to all religious processions [ARTICLE]

Page 12

Thaipusam rules apply to all religious processions RULES governing the conduct of the Thaipusam procession are general ones that apply to all religious processions, unless specific exemption is given. They are also not specifically drafted for the Thaipusam event, Law and Home Affairs Minister K. Shanmugam said yesterday in a

Making hawker stall rents more transparent [ARTICLE]

Page 12

Making hawker stall rents more transparent CAI HAOXIANG A PROPOSAL to make the rents of stalls at hawker centres publicly available will be considered by the Ministry of the Environment and Water Resources. Its minister, Dr Yaacob Ibrahim, gave the assurance yesterday to Mr Hri Kumar Nair (Bishan-Toa Payoh GRC),

Police may get more powers to curb youth violence [ARTICLE+ILLUSTRATION]

Page 12

Police may get more powers to curb youth violence THE Government is considering giving the police more powers to deal with youth gangs and to curb youth violence. Home Affairs and Law Minister K. Shanmugam said in an interview published in the latest issue of Petir, the People’s Action Party’s

Off-peak car owner fined $130,000 [ARTICLE]

Page 13

Off-peak car owner fined $130,000 Serial offender’s car was driven 26 times without valid licence during restricted hours BY KHUSHWANT SINGH khush@sph.com.sg IN 2008, Johnson Fok Jun Hong was fined $1,000 for driving his off-peak or weekend car during the restricted period without a valid supplementary licence. In 2009, he

Stats department refutes NSP claims [ARTICLE]

Page 13

Stats department refutes NSP claims AMRESH GUNASINGHAM THE Department of Statistics yesterday refuted claims by the opposition National Solidarity Party (NSP) that government figures used in a report on household incomes last year did not provide a true picture of income disparity in Singapore. In a letter on Thursday, NSP

Jurong murder suspect charged [ARTICLE+ILLUSTRATION]

Page 13

Jurong murder suspect charged BY KHUSHWANT SINGH THE police arrested a suspect just 36 hours after Ms Loh Nyuk Moi, 50, was found dead with four stab wounds in a flat in Taman Jurong on Wednesday. The 46-year-old man, Lim Wee Thong, was charged in a district court yesterday with

home.causes

Touching postcards for the blind [ARTICLE+ILLUSTRATION]

Page 14

Touching postcards for the blind Participants in design contest make cards for visually handicapped BY NEO WEN TONG wentong@sph.com.sg IT IS a postcard design competition with a twist the winners are decided by a panel that includes two judges who are blind. One of the winning entries features the side

Drumming up confidence of youths at risk [ARTICLE]

Page 14

Drumming up confidence of youths at risk GOH KAI SHI THEY had no musical background and may have come from broken families, or had troubled pasts. But thanks to a community outreach programme, 20 residents of the Singapore Boys’ Home learnt to play Chinese percussion music in a tie-up between

Deeds list [ARTICLE]

Page 14

Deeds list L HSA staff raise funds for school THIRTY-SEVEN staff from the Health Sciences Authority (HSA) raised $2,640 for the Association for Persons with Special Needs Katong School. They did so by sponsoring 40 art pieces made by its students and HSA volunteers. L Car rally makes wishes come

Singapore’s Garden Oasis [ARTICLE+ILLUSTRATION]

Page 15

Singapore’s Garden Oasis The last piece of the Flower Dome was fitted into place this week. The conservatory is part of Bay South, which will be officially opened by June next year. The Straits Times looks at the conservatory and how it reduces energy use. Some plants in the Flower

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S’pore firms in Mid-East stay calm [ARTICLE+ILLUSTRATION]

Page 16

S’pore firms in Mid-East stay calm They are monitoring the situation but are not about to pack up and go BY AARON LOW aaronl@sph.com.sg JUDGING by the shocking television images of Bahrain, Singapore businessman Kuah Kok Kim should have given serious thought to fleeing the tiny violence-hit Middle Eastern kingdom.

WHAT’S ONLINE MOST READ, MOST COMMENTED ON AND MORE [ARTICLE+ILLUSTRATION]

Page 16

WHAT’S ONLINE MOST READ, MOST COMMENTED ON AND MORE www.straitstimes.com MOST-READ ONLINE L US bookstore chain Borders files for bankruptcy MOST COMMENTED ON L Plastics more pricey as cost of oil surges. Says diamondsutra2010: “Plastic manufacturers go to China to set up shop to reduce costs, but China is not

Swiss bank BSI could go on HK hiring spree [ARTICLE+ILLUSTRATION]

Page 17

Swiss bank BSI could go on HK hiring spree BY GABRIEL CHEN FINANCE CORRESPONDENT AN AUDACIOUS hiring raid in Singapore in 2009 by Swiss private bank BSI could well be used by the bank as a template for a similar Hong Kong expansion. BSI stunned the local banking sector here

Jetstar to keep fares competitive [ARTICLE+ILLUSTRATION]

Page 17

Jetstar to keep fares competitive Low-cost carrier pledges to keep prices low, even as operating costs climb BY KARAMJIT KAUR AVIATION CORRESPONDENT karam@sph.com.sg LOW-COST carrier Jetstar will keep its fares competitive despite rising fuel prices driving up operating costs, chief executive officer Bruce Buchanan said. There will be ups and

Massive capital flows ‘a threat to stability’ [ARTICLE]

Page 18

Massive capital flows ‘a threat to stability’ Cash influx in emerging markets needs to be well managed: Bernanke AGENCE FRANCE-PRESSE PARIS: The torrent of cash flowing into emerging markets is a challenge to global economic stability, Federal Reserve head Ben Bernanke warned yesterday, urging fellow Group of 20 (G-20) policymakers

‘Economic integration key to Japan-Asean FTA’ [ARTICLE+ILLUSTRATION]

Page 18

‘Economic integration key to Japan-Asean FTA’ CHERYL LIM BOOSTING economic integration is a key step in working towards a free trade agreement between Japan and Asean, said Mr Hiromasa Yonekura, chairman of Nippon Keidanren, Japan’s leading business lobby group, yesterday. Mr Yonekura, who is also chairman of Sumitomo Chemical, added

Malaysia’s economy grows by 7.2% [ARTICLE]

Page 18

Malaysia’s economy grows by 7.2% REUTERS ASSOCIATED PRESS KUALA LUMPUR: Malaysia’ s economy expanded by a higher-than-expected 7.2 per cent last year, its fastest pace in a decade, despite a further slowdown in growth in the fourth quarter. The central bank acknowledged that growth would continue to moderate this year,

OCBC profit up 1% in fourth quarter [ARTICLE]

Page 19

OCBC profit up 1% in fourth quarter $505m net profit lower than expected as expenses soared and insurance income shrank BY GABRIEL CHEN FINANCE CORRESPONDENT gabrielc@sph.com.sg OCBC BANK recorded a 1 per cent rise in its fourth-quarter profit from the previous year, coming in below market expectations as operating expenses

China raises banks’ required reserves again [ARTICLE+ILLUSTRATION]

Page 19

China raises banks’ required reserves again REUTERS BEIJING: China yesterday raised banks’ required reserves by 50 basis points, showing no let-up in a campaign to stamp out stubbornly high inflation. The fifth such increase since October last year will force the country’s biggest lenders to lock up a record amount

money.companies

SGX postpones launch of all-day trading [ARTICLE]

Page 20

SGX postpones launch of all-day trading Delay will allow market players time to prepare for the change, it says BY JONATHAN KWOK jonkwok@sph.com.sg THE Singapore Exchange (SGX) is delaying its contentious plan to scrap the trading lunch break to ensure all market players are fully prepared for the change. Non-stop

STX Pan Ocean back in the black [ARTICLE+ILLUSTRATION]

Page 20

STX Pan Ocean back in the black SOUTH Korean shipping company STX Pan Ocean has returned to the black, reporting a full-year net profit of US$69.9 million (S$89 million) last year, against a loss of US$62.2 million in 2009. Sales for the year ended Dec 31 were up by 53.8

money.markets

Penny stocks at play in active session [ARTICLE]

Page 21

Penny stocks at play in active session But market moves sideways as OCBC results disappoint BULLS AND BEARS BY LEE SU SHYAN MONEY EDITOR sushyan@sph.com.sg ALL eyes yesterday were on a Budget expected to offer relief for lower-income households hit by the higher cost of living. Even dealers took a

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the raffles conversation On top of his game Micron’s CEO plays hard and works hard and that has made the memory chip company one of the best in the business

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THE STRAITS TIMES SATURDAY, FEBRUARY 19 2011 PAGE

WORLD.

Young suicides spark concern in Malaysia [ARTICLE+ILLUSTRATION]

Page 1

Young suicides spark concern in Malaysia Rising mental woes, Net escapism, stress blamed for spate of suicides BY TEO CHENG WEE REGIONAL CORRESPONDENT chengwee@sph.com.sg KUALA LUMPUR: A rash of suicides in Malaysia has raised concerns over the problems that ail its youngsters, who appear to make up the bulk of

WHAT’S ONLINE MOST READ, MOST COMMENTED ON AND MORE [ARTICLE+ILLUSTRATION]

Page 1

WHAT’S ONLINE MOST READ, MOST COMMENTED ON AND MORE www.straitstimes.com MOST-READ ONLINE L California cat burglar caught red-pawed MOST COMMENTED ON L Toyota to build budget car in Indonesia. Says DimpleGuy: “Toyota has to look deeper into its quality issue. It is terrible at outsourcing production. With the recent spate

world.regional

Criminal probe into boat sinking [ARTICLE+ILLUSTRATION]

Page 2

Criminal probe into boat sinking Safety crackdown also planned after fatal Halong Bay incident AGENCE FRANCE-PRESSE ASSOCIATED PRESS VIET NAM NEWS/ASIA NEWS NETWORK HALONG CITY (Vietnam): The authorities in Vietnam have launched a criminal investigation into Thursday’s sinking of a tour boat in the famed Halong Bay which killed 12

UnIslamic to put all faiths on equal footing, says Najib [ARTICLE]

Page 2

UnIslamic to put all faiths on equal footing, says Najib KUALA LUMPUR: Malaysian Prime Minister Najib Razak yesterday warned Muslims against religious pluralism, saying that putting Islam on an equal footing with other faiths is unIslamic. “To say all religions are equal before Allah is against the Islamic belief,” Datuk

Abhisit rejects proposal to sign ceasefire [ARTICLE]

Page 3

Abhisit rejects proposal to sign ceasefire Thai PM is also against Asean involvement in dispute with Cambodia AGENCE FRANCE-PRESSE REUTERS BANGKOK: Thai Prime Minister Abhisit Vejjajiva has rejected Cambodia’s proposal for the two countries to sign a ceasefire agreement, saying it was too early to talk about such a move.

LRT trains collide, no one hurt [ARTICLE+ILLUSTRATION]

Page 3

LRT trains collide, no one hurt Philippine rail workers and engineers gathered at the scene where two commuter trains of the Light Railway Transit collided along a stretch near a shopping mall in suburban Quezon city, north of Manila, yesterday. Officials said the two elevated commuter trains collided as they

No plans to cut US aid to Pakistan [ARTICLE]

Page 3

No plans to cut US aid to Pakistan AGENCE FRANCE-PRESSE ASSOCIATED PRESS WASHINGTON: Top United States lawmakers have rejected talk of cutting aid to Pakistan as leverage to win the release of a US national imprisoned for allegedly shooting dead two Pakistani men in what he said was an attempted

Tycoon’s $2.5b gift to education [ARTICLE+ILLUSTRATION]

Page 4

Tycoon’s $2.5b gift to education Wipro boss wants to overhaul teaching in India BY RAVI VELLOOR SOUTH ASIA BUREAU CHIEF velloor@sph.com.sg NEW DELHI: Next month, Mr Warren Buffett, the world’s richest investor, will be in Bangalore to begin a tour of India aimed at enthusing its tycoons into giving up

Beijing court upholds US geologist’s jail term [ARTICLE]

Page 4

Beijing court upholds US geologist’s jail term ASSOCIATED PRESS AGENCE FRANCE-PRESSE BEIJING: A Beijing appeals court yesterday upheld the eight-year prison sentence given to an American geologist for illegally obtaining information on the Chinese oil industry, dimming hopes for his release in a case that has further strained US-China ties.

China-Taiwan ties ‘not likely to suffer’ [ARTICLE+ILLUSTRATION]

Page 6

China-Taiwan ties ‘not likely to suffer’ US arms sale to island also won’t be compromised, say analysts ESPIONAGE CASE BY LEE SEOK HWAI TAIWAN CORRESPONDENT seokhwai@sph.com.sg TAIPEI: The latest espionage case to hit cross-strait ties is unlikely to cause much of a dent or alter Taiwanese President Ma Ying-jeou’s policy

Buzz in China over female tycoon’s tale of sex, greed [ARTICLE+ILLUSTRATION]

Page 7

Buzz in China over female tycoon’s tale of sex, greed Magazine links her rise to cronyism involving several top officials HONG KONG: A sex-and-greed story linking a Vietnamese refugee-turned-billionaire to the downfall of several top Chinese officials is making headlines in China, and has even got a magazine pulled off

Vietnam blaze: S’porean arrested [ARTICLE]

Page 7

Vietnam blaze: S’porean arrested KIMBERLY SPYKERMAN A SINGAPOREAN man was arrested on Tuesday in Ho Chi Minh City for allegedly torching the house that he shared with his Taiwanese girlfriend and their Vietnamese housekeeper. The man, 63-year-old Lee Choong Hian, reportedly told Vietnamese police that he had done so in

China blasts US’ Net freedom stand [ARTICLE]

Page 8

China blasts US’ Net freedom stand Beijing says policy an attempt to meddle in other countries’ affairs NEW YORK TIMES ASSOCIATED PRESS AGENCE FRANCE-PRESSE BEIJING: The Chinese Foreign Ministry has lambasted a new Obama administration policy on Internet freedom, saying it was an attempt to meddle in the internal affairs

Many Chinese netizens scale Great Firewall through VPN [ARTICLE]

Page 8

Many Chinese netizens scale Great Firewall through VPN BLOOMBERG BEIJING: The Great Firewall of China has helped the government block websites, from that of the Falungong to Twitter, for years in the world’s largest Internet market. But many Chinese have recently discovered how to bypass the restrictions. “I climbed over

Taiwan’s ex-first lady spared jail [ARTICLE+ILLUSTRATION]

Page 8

Taiwan’s ex-first lady spared jail ASSOCIATED PRESS TAIPEI: Prosecutors yesterday said Taiwan’s former first lady Wu Shu-chen will not serve her 171/2-year jail sentence for corruption because of poor health. She will be confined at home instead. An ambulance took the wheelchair-bound Wu to a jail in Taichung in central

world.people

Jump from a plane? Khairy’s up for it [ARTICLE+ILLUSTRATION]

Page 9

Jump from a plane? Khairy’s up for it THE STAR/ASIA NEWS NETWORK BERNAMA KUALA NERANG (Malaysia): Umno Youth chief Khairy Jamaluddin has got his wings. The 35-year-old completed an intensive five-week training as a paratrooper with Malaysia’s Territorial Army, and was awarded his wings at the closing ceremony of the

She’s hungry for a wedding invite [ARTICLE+ILLUSTRATION]

Page 9

She’s hungry for a wedding invite AGENCE FRANCE-PRESSE MEXICO CITY: A 19-year-old Mexican woman entered her ninth day of a hunger strike yesterday, as she camped in front of the British Embassy in Mexico City, demanding an invitation to the wedding of Britain’s Prince William and Ms Kate Middleton. “I

Teen in Berlusconi sex scandal wants $26,000 for TV interview [ARTICLE+ILLUSTRATION]

Page 9

Teen in Berlusconi sex scandal wants $26,000 for TV interview ASSOCIATED PRESS ROME: The Moroccan teenager at the centre of a prostitution scandal that has sent Italian Premier Silvio Berlusconi to trial said she has done nothing wrong and that “all the gold in the world” could not make up

world.international

Australia revives multicultural policy [ARTICLE]

Page 10

Australia revives multicultural policy Minister rejects recent attacks in Europe on multiculturalism amid anti-Muslim sentiment BY JONATHAN PEARLMAN FOR THE STRAITS TIMES jonathanpearlman@hotmail.com SYDNEY: The Australian government has pledged to curb racism and strive for a multicultural Australia, amid concerns about anti-Muslim sentiment. Rejecting recent attacks by European leaders on

UN aviation watchdog slams US entry charge [ARTICLE]

Page 10

UN aviation watchdog slams US entry charge AGENCE FRANCE-PRESSE MONTREAL: A United Nations aviation watchdog has criticised Washington over a budget proposal to charge travellers a US$5.50 (S$7) fee for entering the United States by air or sea. The fee is already charged to most international travellers entering the US,

Bahraini Sunnis wary of Shi’ite protesters [ARTICLE]

Page 12

Bahraini Sunnis wary of Shi’ite protesters Pro-govt Sunni minority resents demands of Shi’ite-led opposition NEW YORK TIMES MANAMA (Bahrain): Not everyone wants democracy, or sympathises with the popular protests crashing across the Middle East. Not in Bahrain, anyway, which is divided along sectarian lines, and where politics is often regarded

Egypt military pressured to deliver reform [ARTICLE+ILLUSTRATION]

Page 12

Egypt military pressured to deliver reform AGENCE FRANCE-PRESSE CAIRO: Hundreds of thousands of Egyptians gathered at Cairo’s Tahrir Square yesterday to celebrate the fall of strongman Hosni Mubarak and to pressure the new military rulers to deliver on reform pledges. Influential Muslim cleric Yusuf al-Qarada-wi addressed the massive crowd during

Trouble elsewhere [ARTICLE+ILLUSTRATION]

Page 12

Trouble elsewhere REUTERS ASSOCIATED PRESS L LIBYA Anti-establishment protesters in Libya took to the streets to force Mr Muammar Gaddafi out of office, after over 40 years of rule. Mr Gaddafi has met tribal leaders, offered to double salaries and released 110 suspected Islamic militants in an attempt to defuse

Face chronic fatigue? Rest is not best [ARTICLE]

Page 13

Face chronic fatigue? Rest is not best New study concludes exercise may be more effective treatment than taking it easy ASSOCIATED PRESS LONDON: The biggest-ever study of chronic fatigue syndrome treatments has challenged the strategy championed by patient groups: Taking it easy is not the best treatment exercise and behaviour

Panda to your taste buds [ARTICLE+ILLUSTRATION]

Page 13

Panda to your taste buds A Ueno Green Saloon staff member showing off a new dish, Panda Curry, in Tokyo’s Ueno district yesterday. Ueno Zoo will welcome two giant pandas from China next Monday on a 10-year loan, a gesture aimed at warming bilateral ties. PHOTO: ASSOCIATED PRESS PHOTO: ASSOCIATED

world.memo from london

Blue Nun goes for another makeover [ARTICLE+ILLUSTRATION]

Page 11

Blue Nun goes for another makeover Older women the new target for wine that changed the drinking habits of Britons decades ago BY JONATHAN EYAL EUROPE CORRESPONDENT Jonathan.eyal@gmail.com LONDON: Relaunching an out-of-fashion commercial brand is a risky undertaking. And it is almost suicidal when the brand in question is wine,

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THE STRAITS TIMES SATURDAY, FEBRUARY 19 2011 PAGE

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Memory wanders as shadows fall Back to the days of happiness A vision comes before us, So calm, so dear, so sweet, Of her li ps now silent And whose lids Days beyond recall.

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CATCH OUR SPORTS NOON EDITIONS NEXT WEEK CHAMPIONS LEAGUE WED FEB 23 FC Copenhagen v Chelsea Lyon v Real Madrid THURS FEB 24 Marseille v Man Utd Inter Milan v Bayern Munich

Page 19 Miscellaneous

Page 19 Miscellaneous Column 1 [MISCELLANEOUS]

Page 19

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SPORT.

GET A TRAINER ONLINE [ARTICLE+ILLUSTRATION]

Page 15

GET A TRAINER ONLINE More and more people are now considering this cost-effective option FITNESS REUTERS NEW YORK: Personal trainers are a resilient bunch. When the economy tanked, they drifted from costly one-on-one sessions to more cost-effective small-group training. With clients still counting their pennies, trainers have now taken to

Great Scott now relaxed Scott [ARTICLE+ILLUSTRATION]

Page 15

Great Scott now relaxed Scott BY TERRENCE VOON AT 30, Adam Scott wears his relative lack of competitive success as easily as the designer togs he used to endorse. The Australian once anointed as Greg Norman’s successor back home has never won a Major in 39 attempts, with more missed

Kim struggles to hold on [ARTICLE+ILLUSTRATION]

Page 15

Kim struggles to hold on ASSOCIATED PRESS PATTAYA: Korean Kim In Kyung birdied her final hole to card a one-over 73 and hold on to the lead by a stroke over Tseng Ya-ni and Michelle Wie midway through the LPGA Thailand tournament yesterday. A day after firing a record-equalling 63

Nine fire 67 to tie for lead [ARTICLE]

Page 15

Nine fire 67 to tie for lead ASSOCIATED PRESS LOS ANGELES: Ten years after Australia’s Robert Allenby won a six-man play-off at Riviera, he was part of a nine-way tie for the lead on Thursday in the Northern Trust Open. He kept it simple on a gorgeous day along Sunset

Decision on Bahrain GP next week [ARTICLE]

Page 16

Decision on Bahrain GP next week THE TIMES, LONDON LONDON: The clock is ticking on the Bahrain Grand Prix. Bernie Ecclestone, Formula One’s supremo, is on the brink of calling off the opening race of the season as tanks lined the streets of Bahrain and 11 protesters were reported killed

BIG SHOTS IN TOWN [ARTICLE+ILLUSTRATION]

Page 16

BIG SHOTS IN TOWN Maverick batsmen capable of lighting up the tournament AGENCE FRANCE-PRESSE NEW DELHI: Purists will avert their eyes but fans will lap it up when cricket’s maverick batsmen light up the World Cup with their trademark unorthodox shots from the “Helicopter” to the “Dilscoop”. Mike Gatting’s fatal

Masters driven by the desire to bow out of cricket in style [ARTICLE+ILLUSTRATION]

Page 16

Masters driven by the desire to bow out of cricket in style BY PETER ROEBUCK stsports@sph.com.sg Author, radio commentator and columnist, Peter Roebuck is a former captain of English county side Somerset and is acknowledged as one of the finest writers in world cricket. RICKY Ponting, Jacques Kallis, Muttiah Muralitharan

Next 72 hours [ARTICLE]

Page 16

Next 72 hours Today Basketball NBA: All-Star Celebrity Game (Live, StarHub Ch202, 9am). ABL Finals, Game 2: Philippine Patriots v Thailand Slammers (Live, mio TV Ch114, 4pm). Cricket SCA League, Div 2: SIA I v SCA Juniors (Kallang, 8am). ICC World Cup: Bangladesh v India (Live, mio TV Ch123, 4.30pm).

Scorecard [ARTICLE]

Page 16

Scorecard Basketball NBA Chicago 109 San Antonio 99, Phoenix 106 Dallas 112. Football Europa League Rd of 32,1st leg: Rubin Kazan 0 Twente 2, Kharkiv 0 Leverkusen 4, Benfica 2 Stuttgart 1, Napoli 0 Villarreal 0, Anderlecht 0 Ajax 3, Poznan 1 Braga 0, Besiktas 1 Kiev 4, Borisov 2

“To come up with something like that is pathetic.” [ARTICLE]

Page 16

“To come up with something like that is pathetic.” JOE JORDAN, Tottenham coach, dismissing claims by Gennaro Gattuso that a racist remark was to blame for the AC Milan midfielder’s headbutt on the Scot in Tuesday’s Champions League football match at the San Siro.

IN BRIEF

Mumbai stadium has not met safety rules [ARTICLE]

Page 17

Mumbai stadium has not met safety rules REUTERS WANKHEDE Stadium, the Mumbai venue for the Cricket World Cup final on April 2, has not met fire safety standards. It also failed an inspection by the International Cricket Council in December but earlier this week was given the go-ahead for its

$169,000 bet on India to win Cup [ARTICLE]

Page 17

$169,000 bet on India to win Cup REUTERS AN ANONYMOUS gambler has struck an £82,000 (S$169,000) bet with London bookmaker Ladbrokes on India winning the Cricket World Cup, one of the biggest laid in the one-day game. If the co-hosts and 3-1 favourites triumph, the punter will collect £246,000.

Lorgat stands by trimmed-down event [ARTICLE]

Page 17

Lorgat stands by trimmed-down event ASSOCIATED PRESS ICC chief Haroon Lorgat yesterday defended the ruling body’s decision to cut the number of World Cup teams from 14 to 10 in the 2015 edition, saying smaller countries would do better in a less-skilful Twenty20 format. “Twenty20 is the format needed to

Swann’s newborn delays his arrival [ARTICLE]

Page 17

Swann’s newborn delays his arrival ASSOCIATED PRESS GRAEME Swann’s wife Sarah has given birth to the couple’s first child, delaying the England spinner’s arrival in India. The England squad flew to Bangladesh last weekend but the 31-year-old stayed at home to attend the birth of Wilfred on Thursday.

England duo moved by courage of victims [ARTICLE]

Page 17

England duo moved by courage of victims AGENCE FRANCE-PRESSE ENGLAND bowlers James Anderson and Tim Bresnan saluted the courage of acid attack victims after visiting a hospital treating survivors in Bangladesh on Thursday. Acid attacks are common in the South Asian nation in disputes over dowry payments or in cases

Answering the call of cricket – and a distant land [ARTICLE+ILLUSTRATION]

Page 17

Answering the call of cricket and a distant land SPORTINGLIFE BY ROHIT BRIJNATH rohitb@sph.com.sg PASSION peels off like skin in the sun. I left India to travel the world and cricket seemed to get left behind a little. Like a tiny bit of me had been lost. You still cover

INDIA OUT FOR REVENGE [ARTICLE+ILLUSTRATION]

Page 17

INDIA OUT FOR REVENGE But it won’t be easy to beat Bangladesh, who humiliated them in 2007 NEW YORK TIMES DHAKA: India has a distinctive start today to its role as main host of the cricket World Cup. Its team kick off with an away match against Bangladesh, the team

HOPES REST ON ATTACK [ARTICLE]

Page 18

HOPES REST ON ATTACK Barca sure Wenger’s refusal ‘to park bus’ will see Arsenal crash out LONDON: As Barcelona’s shell-shocked players left England after the 1-2 defeat by Arsenal in the first leg of their Champions League last-16 clash, they consoled themselves with one thought: Arsene Wenger will not be

Sparta, Reds in drab stalemate [ARTICLE+ILLUSTRATION]

Page 18

Sparta, Reds in drab stalemate ASSOCIATED PRESS PRAGUE: The return of Kenny Dalglish to Europe as Liverpool manager did not live up to its hype after a boring 0-0 draw at a limited Sparta Prague on Thursday. Not that Dalglish cared that the 1,500 Liverpool supporters who had made the

Tampines held to dismal draw [ARTICLE+ILLUSTRATION]

Page 18

Tampines held to dismal draw Gombak United 1 Tampines Rovers 1 BY LEE MIN KOK FIRST Home United, now Tampines Rovers. The Stags, along with Home, Etoile FC and Singapore Armed Forces FC had been touted as the leading contenders for this season’s S-League football title. But yesterday, Tampines were

Armstrong tainted by cycling’s drug legacy [ARTICLE+ILLUSTRATION]

Page 18

Armstrong tainted by cycling’s drug legacy INGO0D CONSCIENCE BY ROB HUGHES stsports@sph.com.sg LANCE Armstrong’s second, and he says final, retirement from competitive cycle racing will not end the debate around him. His 65-race career, including an unrivalled seven successive Tour de France triumphs, is history. His greater triumph, over cancer

SPORTS WORLD

Wozniacki returns to world No. 1 [ARTICLE]

Page 18

Wozniacki returns to world No. 1 REUTERS DUBAI: Denmark’s Caroline Wozniacki regained her status as world No. 1 when she defeated Israeli Shahar Peer 6-2, 6-4 to reach the semi-finals of the Dubai tennis championships yesterday. The victory ensured that Wozniacki, who had surrendered her No. 1 ranking to Belgian

S’pore beat Bhutan in Asian C’ship [ARTICLE]

Page 18

S’pore beat Bhutan in Asian C’ship SINGAPORE beat Bhutan by 10 wickets in their opening group match in the Asian Cricket Council Women’s T20 Championship in Kuwait yesterday. Captain G.K. Diviya, the player of the match, with 4-12, was chiefly instrumental in bundling out Bhutan for 61 in 14.1 overs.

BATTLING FOR HIS PLACE [ARTICLE+ILLUSTRATION]

Page 19

BATTLING FOR HIS PLACE Harder to accommodate Drogba with Torres but Ivorian won’t go quietly THE BIG MATCH ASSOCIATED PRESS THE TIMES, LONDON LONDON: Didier Drogba will have a point to prove to manager Carlo Ancelotti when he returns to the Chelsea team for today’s FA Cup fourth-round replay against

Princes against paupers in attacking force [ARTICLE+ILLUSTRATION]

Page 19

Princes against paupers in attacking force BY RICHARD JOLLY FOR Chelsea and Everton alike, it is all about one striker. And for both clubs, he will be sat in the stands. There is an understandable focus on forwards at Stamford Bridge and Goodison Park but the men who are the

Uefa slammed over final’s ticket prices [ARTICLE]

Page 19

Uefa slammed over final’s ticket prices REUTERS LONDON: Uefa has been accused of profiteering at fans’ expense, after European football’s governing body charged “outrageous” amounts for tickets to this May’s Champions League final at Wembley. The cheapest ticket on open sale costs £150 (S$305), excluding a £26 “administration fee”, with

Crawley hoping for another upset [ARTICLE+ILLUSTRATION]

Page 19

Crawley hoping for another upset AGENCE FRANCE-PRESSE LONDON: Crawley Town are dreaming of the greatest upset in FA Cup history when they take on Manchester United at Old Trafford in the fifth round today. Both clubs are nicknamed The Red Devils and managed by a fiery Glaswegian. Beyond that, they

WHAT’S ONLINE MOST VIEWED, MOST COMMENTED ON AND MORE [ARTICLE+ILLUSTRATION]

Page 20

WHAT’S ONLINE MOST VIEWED, MOST COMMENTED ON AND MORE www.straitstimes.com MOST-READ ONLINE STORIES L Arsenal fightback stuns Barcelona L Li loses first match since Australia L Judge to rule on Liverpool sale damages dispute MOST COMMENTED ON L Lions land $380,000 mega deals Says S. Manimaran: “Attendances for Indonesian league

SAA FUNDING RESTORED [ARTICLE+ILLUSTRATION]

Page 20

SAA FUNDING RESTORED Athletic body to regain financial aid from Sports Council after two years BY LIN XINYI linxinyi@sph.com.sg AFTER running on reserves for almost two years, the Singapore Athletic Association (SAA) looks set to finally get its funding restored. The SAA has been told that it will receive a

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WORLD CUP STARTS Mahendra Singh Dhoni’s India begin World Cup campaign against Bangladesh. C17 DEFICIT NO PROBLEM Barcelona are confident of knocking Arsenal out of Champions League. C18 KALLANG ROADSHOW upto^^^^H r> i \J to J2S fk SHARP 37" LCD 37im $549 SAMSUNG 32" LED LED r o r r

BUDGET 2011

SOMETHING FOR everyone [ARTICLE+ILLUSTRATION]

Page 1

SOMETHING FOR everyone Budget 2011 benefits all Singaporeans, but it is particularly generous to those who need it the most. Low-income households, needy students and the elderly receive bumper handouts in a Budget that aims to grow incomes for all Singaporeans and foster an inclusive society. ILLUSTRATION: MANNY FRANCISCO ST

Govt to return $4b to national reserves [ARTICLE+ILLUSTRATION]

Page 2

Govt to return $4b to national reserves Sum was for Jobs Credit, firms’ risk-sharing schemes BY AARON LOW aaronl@sph.com.sg THE economic rebound will allow the Government to return $4 billion that it took from the reserves to help the nation get through the recession. The Government sought the President’s approval

COMMENTARIES

BRIDGE TO THE FUTURE [ARTICLE+ILLUSTRATION]

Page 3

BRIDGE TO THE FUTURE Budget offers many goodies but it also takes care to position nation for long term BY LI XUEYING POLITICAL CORRESPONDENT xueying@sph.com.sg IN SOME quarters, the term “Election Budget” has negative overtones and connotations of opportunistic vote-buying. Amid stratospheric expectations for Budget 2011 as the next general

Govt’s clear signal to businesses [ARTICLE+ILLUSTRATION]

Page 3

Govt’s clear signal to businesses Budget shows Govt means business in bid to push productivity BY IGNATIUS LOW NEWS EDITOR ignatius@sph.com.sg THE focus of this year’s Budget may not have been on businesses, but businessmen will remember it for years to come. It has, after all, been some time since

New scheme to help parents pay fees and medical bills [ARTICLE+ILLUSTRATION]

Page 4

New scheme to help parents pay fees and medical bills Cash top-up of up to $400 for each child aged six and below BY JANE NG janeng@sph.com.sg PARENTS will get help in paying for their children’s pre-school and childcare centre fees, as well as their medical expenses, through a new

Who gets what [ARTICLE]

Page 4

Who gets what L Kindergarten and childcare Two schemes will be extended to families with gross monthly household incomes of up to $3,500, up from the current $1,800. This doubles the number of children who benefit to 24,000. L School committees School Advisory Committees and School Management Committees will get

More financial help for needy students [ARTICLE+ILLUSTRATION]

Page 4

More financial help for needy students BY AMELIA TAN THE Government is pumping $120 million more a year into supporting needy students at all levels through a slew of enhanced financial aid schemes, school funds and bursaries. Finance Minister Tharman Shanmugaratnam said the additional support will bring down the costs

Housing grant for low-income first-timers [ARTICLE+ILLUSTRATION]

Page 5

Housing grant for low-income first-timers New special grant for households earning up to $2,250 a month BY ESTHER TEO PROPERTY REPORTER esthert@sph.com.sg FIRST-TIME home hunters on low incomes struggling to get a foothold in the market will soon be given a helping hand to put a permanent roof over their

Green vehicle rebate to be extended [ARTICLE]

Page 5

Green vehicle rebate to be extended BY GRACE CHUA BUYERS of green cars will get a tax break for another 12 months as the Government looks at new ways to encourage motorists to use these vehicles. The tax break on hybrid, electric and compressed natural gas (CNG) cars will be

New $1b fund for long-term care sector [ARTICLE+ILLUSTRATION]

Page 6

New $1b fund for long-term care sector Govt hopes it will spur higher private funding for voluntary welfare groups BY CAROLYN QUEK carolynq@sph.com.sg A NEW $1 billion fund will be set up to help voluntary welfare organisations (VWOs) that offer long-term care, a sector that will grow as the population

Funds for walking aids, wheelchairs for needy seniors [ARTICLE+ILLUSTRATION]

Page 6

Funds for walking aids, wheelchairs for needy seniors SALMA KHALIK THE elderly in low-income groups who cannot walk unaided will now get financial help to buy wheelchairs and walking frames. The Government will set aside $10 million in a kitty that community organisations can tap to buy devices to help

More help for those on public assistance, pensioners [ARTICLE]

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More help for those on public assistance, pensioners BY TEO WAN GEK THOSE living alone and receiving help from the Public Assistance (PA) scheme will get an extra $40 per month, raising their grant to $400. The bigger cash handout is to help mitigate the rising cost of living for

Who gets what [ARTICLE]

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Who gets what L ElderCare Fund Top up: $700 million, raising the target fund size to $3 billion What the money will be used for: To finance the operating subsidies of nursing homes run by VWOs. These subsidies will enable these homes to keep nursing-home care affordable for lower-income families.

Extended tax break for IPC donations welcomed [ARTICLE]

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Extended tax break for IPC donations welcomed CHERYL ONG CHARITIES and donors here yesterday hailed the move to extend the 250 per cent tax break for donations to Institutions of a Public Character (IPCs) for another five years. They said it was a sign of the Government’s support for philanthropy,

More help for PMETs to upgrade skills [ARTICLE]

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More help for PMETs to upgrade skills Those going for higher studies part-time to enjoy same subsidy rates as full-time students BY KOR KIAN BENG kianbeng@sph.com.sg THE group of employees now making up more than half the resident workforce is in line to get more help to improve their qualifications

$365m a year for the arts [ARTICLE+ILLUSTRATION]

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$365m a year for the arts BY AMRESH GUNASINGHAM ARTS groups will be able to tap on more government funds over the next five years. Some $365 million will be made available to practitioners in the arts every year up to 2015, an increase of more than 50 per cent

Helping firms combat rising costs [ARTICLE]

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Helping firms combat rising costs Companies to get best of 2 options: corporate tax rebate or SME cash grant BY JONATHAN KWOK jonkwok@sph.com.sg ONE-OFF support measures are being introduced to help companies deal with rising costs. They will come either in the form of a 20 per cent rebate on

Boost for fund to help companies go abroad [ARTICLE+ILLUSTRATION]

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Boost for fund to help companies go abroad BY YASMINE YAHYA MORE than $3 billion will be added to a kitty to help local firms venture abroad and to attract foreign companies to set up their bases here. One slice of the funding $850 million will be allocated to the

Research, biomedical sectors get shot in arm [ARTICLE]

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Research, biomedical sectors get shot in arm GRACE CHUA RESEARCH and development (R&D) will get extra funding in this year’s Budget, while biomedical manufacturing will enjoy extra tax relief. The National Research Fund, set up in 2006 for innovation and technology, and managed by the National Research Foundation, is to

BUDGET BRIEFS

Foreign corporate income tax reduced [ARTICLE]

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Foreign corporate income tax reduced THE taxation of foreign corporate income will be slashed and simplified, to support companies that are earning a larger share of their income overseas. Foreign tax credit pooling will also be introduced to encourage companies to remit their foreign income to their Singapore bases, and

Interest exemption for financial services [ARTICLE]

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Interest exemption for financial services THE Government will exempt all interest payments made by banks and similar financial institutions from withholding tax. The tax exemption scheme will also be extended to captive insurers a type of insurer created by a parent insurer specialised insurers, and marine hull and liability insurers,

Maritime Sector Incentive [ARTICLE]

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Maritime Sector Incentive THE scheme, which will take effect in June, introduces new tax benefits, such as the certainty of withholding tax exemption for interest payments on loans to build or buy ships. A wider range of repair and maintenance services performed on ship parts and components will also be

GST zero-rating on special services [ARTICLE+ILLUSTRATION]

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GST zero-rating on special services BUSINESSES which store collectibles such as art and antiques in specialised warehouses will get a boost after their services won a GST zero-rating. The zero-rating applies if these services are supplied to people overseas, if the goods are kept in qualifying specialised warehouses, and if

Global Trader enhancement [ARTICLE]

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Global Trader enhancement ALL trades in financial instruments, known as derivatives, will now qualify for the Global Trader Programme. Derivatives are linked to other assets such as commodities. This programme allows companies to enjoy a concessionary tax rate on qualifying trade income. Currently, companies which make use of this programme

Tax deductions extended [ARTICLE]

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Tax deductions extended FIRMS that purchase their parent company’s shares as a way to reward their employees will be eligible for tax deductions. To qualify for tax deductions, the purchase of the shares will have to be done through a special purpose vehicle (SPV) that was set up as a

Tax break for Medisave contributions [ARTICLE]

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Tax break for Medisave contributions COMPANIES which make voluntary contributions to the Medisave accounts of self-employed persons they work with will get a tax deduction. This is a bid to help the self-employed boost their savings in their Central Provident Fund. To take effect from Year of Assessment 2012, the

Sharing wealth, making society stronger [ARTICLE+ILLUSTRATION]

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Sharing wealth, making society stronger Outlook for 2011 risks and opportunities Excerpts from Finance Minister Tharman Shanmugaratnam’s Budget statement yesterday AS WE are now well past the rebound from the crisis, our economy will grow more slowly this year. But Singapore will continue to benefit from the global economic recovery,

Fiscal position on stronger footing [ARTICLE]

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Fiscal position on stronger footing OUR strong growth last year, far better than either the Government or the markets expected at the start of the year, has yielded an improved fiscal position for FY2010. The better growth is estimated to account for about 80 per cent of the increase in

Growing incomes for all Singaporeans [ARTICLE+ILLUSTRATION]

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Growing incomes for all Singaporeans TO RAISE Singaporeans’ incomes over the next decade, we must first sustain our economic growth. Without a growing economy, no strategy can realistically raise incomes, whether for the average citizen or those at the lower end of the workforce. We expect Singapore to be able

Building an inclusive society [ARTICLE+ILLUSTRATION]

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Building an inclusive society WE WILL do more to build an inclusive society, where lower-income citizens can aspire and work towards a better life, and where everyone can contribute and share in Singapore’s progress. The most important way for us to achieve this is to sustain our growth, create good

BUDGET REACTIONS [ARTICLE+ILLUSTRATION]

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BUDGET REACTIONS j We cannot We cannot help but express our concern that more had not been provided for SMEs. The rapid pace of growth last year has also driven up the costs of doing business in practically every area. This is aggravated by the further increase in foreign worker

Helping the needy [ARTICLE]

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Helping the needy Enhancing ComCare THE ComCare Fund has proved to be a major benefit to needy citizens, enabling them to tide over difficult times. The fund now stands at $800 million. I will inject a further $500 million into the ComCare Fund this year. The Government will also raise

Enhancing homes and our quality of life [ARTICLE]

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Enhancing homes and our quality of life WE ARE making major investments to make Singapore a top quality home for our citizens. We also want more Singaporeans, including those in the lowerincome groups, to have a home of their own which they can take pride in, which can appreciate in

Slight Budget surplus this year [ARTICLE]

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Slight Budget surplus this year AFTER factoring in the various tax measures and significant special transfers in this year’s Budget, we expect a basic deficit of $2.2 billion for FY2011, or about 0.7 per cent of GDP. This is slightly smaller than the FY2010 basic deficit of 0.8 per cent

Towards a first-rate developed society [ARTICLE]

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Towards a first-rate developed society THIS Budget seeks to strengthen both Singapore’s economy and society for the future. We are taking major steps to enable Singapore to be a first-rate developed society a decade from now. We can deal with the immediate problems. The rising cost of living is a

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Sex the Reitman way [ARTICLE+ILLUSTRATION]

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Sex the Reitman way Chemistry and choreography are vital to filming a make-out scene, says director Ivan boon chan media correspondent bchan@sph.com.sg When it comes to nailing a sex scene, practice makes perfect. So says Ivan Reitman, who directed the romantic comedy No Strings Attached. The film opened on Thursday

Wanted: Four hot dates [ARTICLE+ILLUSTRATION]

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Wanted: Four hot dates Four fans from Singapore had a night out with their idols, British-Irish boyband The Wanted yip wai yee yipwy@sph.com.sg You get the drift from the music videos, from Take That’s psychedelic rave parties and The Backstreet Boys boarding private jets to O-Town shooting the breeze on

Sculpted for dance [ARTICLE+ILLUSTRATION]

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Sculpted for dance Dance company Arts Fission works with a sculptor and sound artist for its new show magdalen ng songyuan@sph.com.sg Dance, music and sculpture come together in the latest show by local dance troupe The Arts Fission Company. Titled The Last Lumiere, which means The Last Light, it is

Why no love for Guo? [ARTICLE+ILLUSTRATION]

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Why no love for Guo? Although Breakout has 14 Star Award nominations, actor Guo Liang was not nominated despite his chillingly good act viewpoint foong woei wan woeiwan@sph.com.sg In the Channel 8 drama Breakout, Guo Liang is an arrogant gem-smuggling, wife-stran-gling rogue, confident that he will escape justice, legal or

MJ’s estate windfall [ARTICLE+ILLUSTRATION]

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MJ’s estate windfall Album sales, a film and merchandising revenue have brought in $395 million so far Reuters Los Angeles Michael Jackson’s estate has generated US$310 million (S$395 million) in revenue from album sales, a film, merchandising and other products since the singer died in 2009, according to court papers