The Business Times, 19 December 2008

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Microfilm: NL29606
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    19 1 THE BUSINESS TIMES ssi .00 online at http://www.businesstimes.com.sg «v a Singapore press holdings publication coregnnoi9B4o2B6Be mica(p)l97/08/2008 Friday, December 19,2008
    19 words
  • Article
    Lock icon Orderly bankruptcy for carmakers possible: White House
    217 1 AP [WASHINGTON] The Bush administration is seriously considering "orderly" bankruptcy as a way of dealing with the desperately ailing US car industry. Said White House press secretary Dana Perino yesterday: "There's an orderly way to do bankruptcies that provides for more of a
    AP  -  217 words
  • Article
    Lock icon No Qantas of solace for BA as talks fail
    571 1  -  YEN SREENIVASAN Merger that would have created giant airline blown over ownership stakes By [SINGAPORE] The closely watched and highly anticipated US$6.4 billion Qan-tas-British Airways merger, which could have transformed the aviation networks between Europe and the Asia-Pacific, and posed serious
    571 words
  • Article
    Lock icon Japan to go down zero-rate road again
    577 1  -  ANTHONY ROWLEY BOJ expected to cut rate today while it seeks to rein in power of yen By in Tokyo THE Bank of Japan appears set to cut interest rates today, returning in effect to the zero rate policy it pursued from 2000
    577 words
  • MARKETS DIGEST
    • Article
      Lock icon MARKETS
      46 1 lursi lay lange 1 COMP 880.50 +18.00 IIKKEI225 8,667.23 +54.71 1ANG SENG 15,497.81 +37.29 ;et index 451.72 +5.78 JAKARTA COMP 1,351.76 -12.22 1ANILA COMP 1,901.46 -3.10 ;eoulcomp 1,175.91 +6.16 ;henzhenb 286.63 +3.80 IUMBAI IND 10,076.43 +361.14 11AM EST Cham )OW 8,842.58 +18.24 IASDAQ 1,587.95 +8.64
      46 words
    • Article
      Lock icon PRIME RATES
      29 1 Bloomberg SINGAPORE 5.38 MALAYSIA 6.51 HONG KONG 5.00 INDONESIA 16.801 TAIWAN 6.316 JAPAN 1.675 KOREA 9.33 BRITAIN 2.00 US 4.00 CANADA 3.50 SWITZERLAND 2.03 INDIA 13.00 Source:
      Bloomberg  -  29 words
    • Article
      Lock icon FOREX
      45 1 IS$ (S$ per US$) 1.439 (US$/S$ per 1.544 2.221 :URO (US$/S$/E) 1.443 2.076 Foreign currency per US$ S$ 'EN 87.80 61.00 3.481 2.419 IK$ 7.750 5.387 !AHT 34.48 23.97 lUPIAH 11,000 7,646 lENMINBI 6.830 4.748 INDIAN RUPEE 47.15 32.77 1.423 0.989 IZ$ 1.672 1.162
      45 words
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      Lock icon Page 1 Advertisements Column 1
      57 1 The movie man Keeping the movie business in good shape is the job of Dan Glickman, chairman and CEO of the Motion Picture Association of America. But even as Hollywood battles piracy and alternative forms of entertainment, it's still the magic of moviemaking that spurs him on. ZjAMmmm 'MmmrK \^sßßmmmm
      57 words
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  • Page 1 Miscellaneous
    • Miscellaneous
      Lock icon Page 1 Miscellaneous Column 1
      92 1 mjt WORLD BANK VIEW OPINION MADOFF AFFAIR ART OF WAR I Zoellick expects rough An Obama promise Wife comes under Zap for Sun Tzu's strategies! IESSM start in the new year that's doomed to fail probe Win an Epson wireless JL g^PAGE 3 PAGE 17 PAGE 2 projector! PAGE 10
      92 words
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  • TOP STORIES
    • THREE-MINUTE DIGEST
      • Article
        Lock icon Japan to go down zero-rate road again
        43 2 THE Bank of Japan appears set to cut interest rates today, returning in effect to the zero rate policy it pursued from 2000 to 2006 to counter deflation and to stabilise the financial system. FRONT PAGE
        43 words
      • Article
        Lock icon No Qantas of solace for BA as talks fail
        41 2 THE closely watched and highly anticipated US$6.4 billion Qantas-British Airways merger has failed to take off. The carriers have abruptly called off merger talks which began recently, citing significant differences. FRONT PAGE
        41 words
      • Article
        Lock icon Slow loans flow for some small, medium businesses
        54 2 BANKS here have approved 30 applications for a total of $5 million in loans under recently enhanced government-backed funding schemes, according to interim data from Spring Singapore. That is out of more than 140 applications received so far by participating financial institutions.
        54 words
      • Article
        Lock icon Madoff'S Wife Under investigation
        65 2 RUTH Madoff, the 67-year-old wife of alleged fraud mastermind Bernard Madoff, is being investigated by US regulators over whether she helped maintain secret records used in a US$50 billion Ponzi scheme. Sources said that the Securities and Exchange Commission, combing through files at Madoff s New
        65 words
      • Article
        Lock icon World Bank chief warns of rocky start
        50 2 THE president of the World Bank has warned that the first half of next year will see "problems worldwide", and that governments had to be responsible in putting out the right policies to put their economies back on track. TOP STORIES, PAGE 3
        50 words
      • Article
        Lock icon Major shareholder plans bid for Westcomb Financial
        66 2 WESTCOMB Financial Group has received a takeover bid from its major shareholder at zero premium to its current market value of $32.3 million. Asiasons Capital, which owns 24.72 per cent of the company, plans to buy the remaining shares that it does not
        66 words
      • Article
        Lock icon New error-trade rules from Jan 2: SGX
        56 2 FROM Jan 2 next year, the Singapore Exchange will only review error trades involving losses of at least $5,000, at a review fee of $500. The exchange also said yesterday that all error trades must be reported to the SGX within 30 minutes
        56 words
      • Article
        Lock icon Sale of Kallang River hotel plot delayed
        56 2 THE Urban Redevelopment Authority has deferred the release of a hotel site along Kallang River from this month to June 2009. The site is part of the government's plans to transform the Kallang Riverside into a waterfront lifestyle precinct by the edge of
        56 words
      • Article
        Lock icon Focus on growth and stability, says Hu
        41 2 CHINA must focus on economic growth and social stability in the face of a global slump, President Hu Jintao said yesterday, vowing a stronger state role in steering market reforms. GREATER CHINA, PAGE 11
        41 words
      • Article
        Lock icon Obama picks new head of SEC' considers shakeup
        60 2 Obama picks new head of SEC considers shakeup US President-elect Barack Obama was yesterday set to name seasoned regulator Mary Schapiro to head the Securities and Exchange Commission as he considers a major overhaul of the heavily criticised agency. The SEC came under fire after the Wall Street meltdown and
        60 words
    • Article
      Lock icon Slow loans flow for some small, medium businesses
      594 2  -  CHEW XIANG 30 applications approved under new scheme; processing fees still a bugbear By [SINGAPORE] Banks here have approved 30 applications for a total of $5 million in loans under recently enhanced governmentbacked funding schemes, according to interim data from Spring Singapore.
      594 words
    • Article, Illustration
      Lock icon Madoff's wife under investigation
      462 2 Bloomberg, Reuters Evidence suggests she may have helped track payments [NEW YORK] Ruth Madoff, the 67-year-old wife of alleged fraud mastermind Bernard Madoff, is being investigated by US regulators over whether she helped maintain secret records used in a US$5O billion Ponzi scheme, a person familiar
      Bloomberg,; Reuters; BLOOMBERG  -  462 words
    • Article
      Lock icon Chrysler plants to shut for one month
      656 2 NYT Panicky car dealers borrowing furiously from carmaker's arm [DETROIT] Chrysler said on Wednesday that it would close all 30 of its factories for at least one month, starting at the end of this week, in response to plunging vehicle sales in the
      NYT  -  656 words
    • Article, Illustration
      Lock icon World Bank chief warns of rocky start
      626 3  -  LEE U-WEN Nations' policies will determine if downturn continues beyond first half By [SINGAPORE] The president of the World Bank has warned that the first half of next year will see "problems worldwide", and that governments had to be responsible in putting out
      ALPHONSUS CHERN/THE STRAITS TIMES  -  626 words
    • Article
      Lock icon Time to look into food and fuel issues of future: Zoellick
      447 3  -  ANNA TEO World Bank chief also sees fresh wave of protectionism By [SINGAPORE] Grain prices may have tumbled in recent months, but the global food crisis won't have disappeared for good, said World Bank president Robert Zoellick. "I personally
      447 words
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      67 words
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  • COMPANY NEWS
    • Article
      Lock icon Major shareholder plans bid for Westcomb Financial
      512 4  -  JAMIE LEE Asiasons' all-share offer prices target at its current $32.3 m market value By ASIASONS Capital, formerly known as Integra2ooo, has unveiled plans to take over Westcomb Financial Group through an all-share offer, pricing the target company at exactly its current market
      512 words
    • Article, Illustration
      Lock icon ST Engg unit lands £150m UK deal
      318 4 [SINGAPORE] In what is seen as a breakthrough deal, Singapore Technologies Engineering (STE) has won a £150 miUion (***** million) contract to supply over 100 Bronco all-terrain tracked carriers (ATTC) for deployment by the British armed forces in Afghanistan. The contract was awarded
      318 words
    • Article
      Lock icon Global IPO activity falls by more than half: E&Y report
      478 4  -  LYNETTE KHOO By GLOBAL initial public offering (IPO) activity has fallen by more than half from the record-breaking pace of last year. The first 11 months of this year saw a total of 745 IPOs worldwide raising U5595.3 billion in
      478 words
    • Article
      Lock icon Most serious loss from blowouts is that of trust
      478 4  -  SIOW LI SEN A DISCLOSURE by the insurance arm of OCBC Bank on Wednesday on its exposure to Wall Street fraudster Bernard Madoff ended with the assurance that it "will have no material impact on the group". Great Eastern Holdings (GEH),
      478 words
    • Article, Illustration
      Lock icon Petrobras may revise some investments in rigs
      492 5  -  VINCENT WEE Analysts confident it will stick to budget as it unveils new strategic plan today By IN what will be a closely watched event by rig builders Keppel Corp and Sembcorp Marine (SembMarine), Brazilian oil company Petroleo Brasileiro (Petrobras) is set to
      I REUTERS  -  492 words
    • Article
      Lock icon Thomson Medical to set up women's cancer centre
      317 5  -  CHEN HUIFEN By THOMSON Medical Centre said it has inked an agreement to set up an oncology centre dedicated to the treatment of cancer in women. Called Thomson Women's Cancer Centre, the practice will be owned and operated by a joint venture
      317 words
    • Article
      Lock icon New error-trade rules to boost trading discipline
      643 5  -  ANGELA TAN $500 review fees; need to report errors within 30mins By IN AN attempt to encourage trading discipline, the Singapore Exchange (SGX) yesterday said that effective from Jan 2 next year, it would only review error trades involving losses of at least
      643 words
    • Article
      Lock icon Olam buying US vegetable dehydration facility
      349 6  -  EMILYN YAP Group acquiring the assets from De Francesco and Sons By AGRICULTURE supply chain manager 01am International is buying a US vegetable dehydration facility. It made no mention of the purchase price in its announcement yesterday but told BT that the acquisition cost
      349 words
    • Article
      Lock icon Nobel Design warns of loss as slowdown hits
      282 6 NOBEL Design has cautioned that it is expecting a net loss for the financial year ending Dec 31, 2008, with the economic downturn taking a toll on its operations. The furniture and design company, which said earlier it would stay profitable for
      282 words
    • Article, Illustration
      Lock icon Asian hedge funds step in as global players flee
      770 6 -Reuters [HONG KONG] The investment banks and global hedge funds that are the usual buyers of debt and equity in struggling Asian companies have largely fled the market, leaving the distressed asset space to home-grown investors. Local players with the cash
      -Reuters  -  770 words
    • COMPANY BRIEFS
      • Article
        Lock icon Straits Asia may pump US$860m into mine
        73 6 Bloomberg STRAITS Asia Resources Ltd, a Singapore-listed coal mining company, may spend US$B6O million to mine the fuel in south Kalimantan, Indonesia, after completing a so-called scoping study. The mine at Sebuku may yield 20 million tonnes a year, the company said yesterday
        Bloomberg  -  73 words
      • Article
        Lock icon Nera associate wins RM27 million orders
        72 6 NERA Telecommunications Ltd has announced that the company's associated company, Nera (Malaysia) Sdn Bhd, has received orders from a cellular operator for the supply, delivery, installation and commissioning of Evolution PDH microwave radio equipment. The orders have an aggregate value of RM27 million (Ssll.l
        72 words
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      935 4 V*^L kT^^FT/nr r> Toll free: 1800-289-8822 HVBBBHHBBJBBJ w |\l II r^ Email: notices@sP|lcom- s Q ■mF iLSji -L^l V^>/ -1- I V-i -< M j i www.cats.com.sg HOTUNG INVESTMENT HOLDINGS LIMITED (Incorporated in Bermuda with limited liability on 5 March 1997) B^^-^y (Bermuda Company Registration Number: EC*****) 4_ NOTICE OF
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      72 5 JT Performance >rf23fc^ VA -J- J^^fc^ I f \w M l^^^^^l Motors Limited '^j^\^Qk w XW^ T• 11 w wm m pml.com.sg Driving Pleasure HUM L S^^Hft' VI Ki^l Performance Motors Limited. Sime Darby Performance Centre, 303 Alexandra Road. Tel: 6319 0100. Sime Darby Centre, 896 Dunearn Road. Tel: 6319
      72 words
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      40 7 EO BfflyßSay i+M^i +TM udi 111 El IE3J fepi r I= RIVER VALLEY LIANG COURT «S^^m| I S BUILDING V^ bs Bhßh Ah I "]^r clarkequaymrt y■ iRjWtJ^MKSiMBI IrtdMltnSjllß I I riverside s I VI POINT SWISSOTEL EfSVVfHIBVIVRyBBVIf!VVSVRVppBIBnK»VBVVS|HJBPBIIV?RySETSEV >> merchant court
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Tug-of-war in the final weeks of '08
      627 8  -  R SIVANITHY STOCKS Factors at play range from window-dressing hopes to Fed rate cut to Wall Street expectations THE final weeks of any year are traditionally marked by low volume, narrow price ranges, and hope within the ranks of investors that there will
      : Bloomberg  -  627 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      97 8 MAIN Up Down Unch SDQ Up Down Unch TOTAL Up Down Unch Multi Ind 11 1 2 0 0 0 11 1 2 Manufacturing 50 36 49 54 37 56 Commerce 13 14 18 14 17 20 Tpt/Stor/Comms 16 11 16 12 10 Finance 21 10 21
      97 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      115 8 TURNOVER ('000) MAIN SDQ TOTAL MAIN VALUE ('000) SDQ TOTAL Multi Ind 11.243 11.243 34.343 34.343 Manufacturing 203.420 9.322 212.742 123.165 313 123.478 Commerce 45.808 5.712 51.520 52.985 941 53.926 )t/Stor/Comms 91.183 125 91.308 148.048 19 148.067 Finance 29.587 29.587 178.094 178.094 Construction 10.092 2.547 12.639 947
      115 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      115 8 Stock name Close Cham Capita Land 3.060 +0.230 CapitaMall 1.700 +0.050 CityDev 6.570 +0.180 Cosco Corp 1.020 +0.040 DBS Grp 9.700 -0.020 F&N 2.900 +0.060 Gent Intl 0.460 -0.020 Golden Agri 0.245 +0.010 HK Land 2.430 -0.020 JMH 18.880 +0.780 JSH 10.260 +0.560 JardineC&C 10.300 +0.120
      115 words
    • Article, Illustration
      Lock icon BROKERS' TAKE
      842 8  -  LYNETTE KHOO Li Heng Chemical Fibre Dec 18 close: 550.28 Kirn Eng Research, Dec 18 ASP going downhill: We visited Li Heng's plant last week. Market prices of raw materials appear to have stabilised at around 15,000 yuan ($3,140) per tonne since November. Li Heng's nylon yarn prices
      : Bloomberg  -  842 words
    • Article, Illustration
      Lock icon Swiss franc explodes as US$ tumbles again
      547 8  -  LARRY WEE CURRENCIES THE US dollar suffered another day of painful losses yesterday, intimidated by both weaker US stocks and the fallout from the Federal Reserve's aggressive interest-rate cuts on Tuesday evening. Against the Japanese yen, for example, it tumbled to a fresh
      Reuters  -  547 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      62 8 Dec 18 VALUE CLOSE BT OB/OS 453.00 +8.00 BT CADI -*****.00 +72.00 BT 10-day MA -*****.00+45.00 FTSE ST Mid Cap 360.68 +8.13 FTSE ST Small Cap 294.40 +3.30 FTSE ST All Share 429.89 +5.50 FTSE ST China Top 192.19 +6.90 FTSE ST China 191.79 +5.12 UOB Catalist
      62 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      61 8 VOLUME Golden Agri 90,489,000 Straits Asia 45,985,000 Yanlord 37,554,000 China Honqxinq 37,373,000 Sing Tel 27,872,000 Capita Land 23,002,000 Gent Intl 22,231,000 Noble Grp 20,137,000 Otto Marine 19,880,000 IndoAgri 16,500,000 VALUE(S) Sing Tel 74,541,220 Capita Land 67,777,040 DBS Grp 60,269,690 UOB 56,069,459 Straits Asia 36,893,790 Yanlord 35,688,950 OCBC
      61 words
    • Article
      Lock icon RISES
      108 8 CLOSE UP GLD 10US$ 8512 181.2 1.5 JMH 1888 112.2 4.3 JSH 1026 80.5 5.8 MS India 10US$ 800 66.2 6.1 S I A 1160 48.0 4.3 Great Eastern 925 45.0 5.1 OCBC Bk5.1%NCPS 100 9000 40.0 0.4 DBS Bk6% NCPS 10 9400 30.0 0.3 China H 10US$ 1111
      108 words
    • Article
      Lock icon FALLS
      111 8 CLOSE DOWN 992 -38.0 -3.7 STXPO 100 UOB 1300 -20.0 -1.5 lanRBePW*****3 35.5 -12.0 -25.3 Asia Pac Brew 1000 -6.0 -0.6 landDBePW***** 37.5 -6.0 -13.: SBSTransit 177 -6.0 -3.3 Cmdfr 10US$ 220 -5.8 -1.1 DBS BNP eCW*****0 28 -5.0 -15.2 UOBMBLJCW*****0 14 -5.0 -26.3 StraitsAsia 78.5 -4.5 -5.4 BY
      111 words
    • Article
      Lock icon CURRENCIES Where S$ stands
      86 8 Dec 18 %CHNG CLOSE FR Dec 17 YR2008 S$ LOW S$ HIGH USS 1.4375 1.57 1.5346 1.3457 Euro 2.0792 -0.92 2.2064 1.8640 Pounds 2.2148 2.24 2.8431 2.1990 AS 1.0116 0.14 1.3251 0.9068 Yen* 1.6367 0.96 1.6899 1.2619 Rupiah* 0.***** 1.57 0.***** 0.***** Baht* 4.1751 1.27 4.4299
      86 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Sale of Kallang River hotel plot delayed
      462 9  -  UMA SHANKARI URA says release of the site will be deferred to June 2009 By THE Urban Redevelopment Authority (URA) has deferred the release of a hotel site along Kallang River from this month to June 2009. The site was originally due to
      462 words
    • Article
      Lock icon Research projects get boost with $50m proof-of-concept scheme
      370 9  -  CHEN HUIFEN By ACADEMIC entrepreneurship in Singapore received a boost yesterday with the National Research Foundation (NRF) setting aside some $50 million for a proof-of-concept (POC) scheme to help academics bring their ideas to prototype stage. More than $2 million of that
      370 words
    • Article
      Lock icon Copyright laws eased for film, media studies
      292 9 THE government has amended copyright laws to exempt more groups of users, including teachers of film and media studies, from some copyright regulations. The new order the Copyright (Excluded Works) Order 2008 will come into effect from Jan 1, 2009 till Dec 31,
      292 words
    • Article
      Lock icon New Yishun HDB flats up for grabs at below-market resale prices
      421 9  -  ARTHUR SIM By THE Housing and Development Board (HDB) has launched Dew Spring Yishun where a good number of units are smaller two and three-room flats. Prices range from $76,000 to $90,000 for each of the 144 two-bed-room flats.
      421 words
    • Article, Illustration
      Lock icon Property auctions of $83.7m at 11 -year low
      361 9  -  KALPANA RASHIWALA By WITH the last two property auctions for the year concluded this week, the final tally of the value of properties sold at auctions in 2008 is $83.7 million the lowest in 11 years, according to Colliers International. This year's
      Colliers International Singapore Research  -  361 words
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      127 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Bernanke may not stay in office to see fruits of his labour
      748 10 Reuters There's a possibility Obama is grooming Summers to replace the Fed chief [WASHINGTON] The fruits of Federal Reserve chairman Ben Bernanke's aggressive and unprecedented moves to fight off a major US recession may come too late to
      – Reuters; AP  -  748 words
    • Article
      Lock icon Refinancing rush as rates come down
      478 10 -AP FED RATE CUT [WASHINGTON] Homeowners across the United States on Wednesday took advantage of the Federal Reserve's extraordinary decision to lower interest rates, refinancing their homes to lower their monthly mortgage payments amid an economic downturn. Mortgage brokers reported a surge of calls
      -AP  -  478 words
    • Article
      Lock icon Low rate seen as fresh blow to US money funds
      363 10 Reuters [NEW YORK] The Federal Reserve hopes a near-zero interest rate will be a life preserver for the US economy but it could end up sinking the US$3.7 trillion money market mutual fund industry. The Fed's unprecedented move on Tuesday,
      – Reuters  -  363 words
    • Article
      Lock icon S Korea to create 20t won fund to bolster banks
      317 10 -AFP [SEOUL] South Korea plans to set up a 20 trillion won (Ss22 billion) fund to help banks raise their capital base and access cash during the credit crisis, the financial watchdog said yesterday. The move will ensure banks "will
      -AFP  -  317 words
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      89 10 GET YOUR COPY OF tahlal AT 7-ELEVEN Now you can pick up your copy of tabla! at any of the 431 7-Eleven outlets islandwide, including the 61 at Shell stations. Just walk in, ask for tabla! and get into tune with the heartbeat of the Indian community tabla! will be
      89 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon Focus on growth and stability, says Hu
      607 11 Reuters Chinese president pledges stronger state role in steering market reforms [BEIJING] China must focus on economic growth and social stability in the face of a global slump, President Hu Jintao said yesterday, vowing a stronger state role in steering market reforms. In
      – Reuters; AP  -  607 words
    • Article
      Lock icon Tata signs sponsorship deal with F1 team Ferrari
      153 11 -AFP [MUMBAI] Indian technology giant Tata Consultancy yesterday announced a sponsorship deal with Formula One team Ferrari, bucking predictions that the sport could collapse in the global economic crisis. Tata Consultancy Services (TCS) will display its logo on Ferrari cars during the
      -AFP  -  153 words
    • Article
      Lock icon China looks poised for rate cut
      302 11 Bloomberg Falling inflation adds pressure: central bank governor [BEIJING] Chinese central bank governor Zhou Xiaochuan stoked speculation that an interest rate cut is imminent, reiterating that falling inflation has added pressure for a reduction. The pressure "is based on the outlook for inflation", he
      – Bloomberg  -  302 words
    • Article
      Lock icon India's inflation falls below 7%
      263 11 Reuters [NEW DELHI] India's annual inflation rate dropped to a nine-month low below 7 per cent in early December, helped by falling fuel prices and raising the prospect of deeper interest rate cuts in coming weeks. At the same time, the government said that it
      – Reuters  -  263 words
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  • MALAYSIA
    • Article
      Lock icon Sime clears hurdle to buy 51% of IJN
      582 12  -  PAULINE NG Takeover to ease funding of hospital, ensure market pay for doctors: Najib By in Kuala Lumpur STATE-CONTROLLED plantations and automotive group Sime Darby yesterday said that it had received approval from the government for its proposed acquisition of a majority
      582 words
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      649 12 Bubble, Bubble, Swirl Revel I7J™?Z"2 Commemorate New Year's Eve with a myriad of dining options to select from. Global Kitchen With choices like decadent Champagne dinner, exquisite kaiseki, to alfresco barbecue and fine Cantonese, Unlimited Champagne Brunch s^Dinner there promises to be something for everyone. For a countdown with flourish,
      649 words
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      56 13 rS3 f^^Sj HI P®H fa 1? V i IB I^Hl^^ HI Iv^ .Jr* l^«i r&iJBM l^ffl Ny^^^ ill m\mk\\ W BfJBBBJHJBIBWWMinHBenSB^HB^ ftnHJiliilißjfl f ji liHifl I^hl iM IMMI ***** UnHB HH MHHKHH fi H9 188 3H^ gßral aHwi Bta^ L J B I 1 BO L^ litf^M l\ il lIS
      56 words
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  • ASIA-PACIFIC/WORLD
    • Article, Illustration
      Lock icon US recovery may kick in by early 2010: IMF
      431 14 -Reuters Zero interest rates a possibility in Britain, says central bank deputy chief [LONDON] The International Monetary Fund (IMF) cautiously forecast a US recovery by early 2010 and a British central banker said yesterday UK interest rates could hit zero, a
      -Reuters; REUTERS  -  431 words
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      Lock icon Goldman to sell Sanyo stake to Panasonic
      672 14 Reuters [TOKYO] Goldman Sachs agreed to sell its 29 per cent stake in Sanyo Electric after Panasonic Corp slightly sweetened its offer, three financial sources said, clearing the way for a deal worth at least US$6.4 billion. The move by Goldman, which, unlike
      – Reuters; BLOOMBERG  -  672 words
    • Article, Illustration
      Lock icon Obama boost could settle in at US$850b
      914 15 -AP Stimulus package is a blend of new jobs; tax relief; expanded aid for poor, jobless [WASHINGTON] Eager to jolt a worsening economy back to life, US Presidentelect Barack Obama's aides are assembling a two-year stimulus package that could cost US$B5O billion, dwarfing
      -AP; BLOOMBERG  -  914 words
    • Article
      Lock icon Mary Schapiro poised to lead shakeup of SEC
      475 15 Reuters [CHICAGO] US Presidentelect Barack Obama was yesterday set to name seasoned regulator Mary Schapiro to head the Securities and Exchange Commission (SEC) as he considers a major overhaul of the heavily criticised agency. The SEC, created after the 1929 stock market
      – Reuters  -  475 words
    • Article
      Lock icon Leading index down in November, pointing to more distress
      331 15 Bloomberg LATEST US DATA [NEW YORK] The index of leading US economic indicators fell in November for the fifth time in seven months, reflecting the worsening outlook that led the Federal Reserve to slash interest rates and pledge unlimited purchases of
      – Bloomberg  -  331 words
    • Article
      Lock icon Oil, ignoring record Opec cut hovers near US$40
      269 15 -AP [LONDON] Oil prices continued falling yesterday to levels last seen over four years ago as persistent investor pessimism over global crude demand outweighed news of Opec's largest-ever production cut. By mid-afternoon in Europe, light, sweet crude for February delivery was down
      -AP  -  269 words
    • Article
      Lock icon Regulators should appeal to investors: Stanchart
      324 15 Reuters [SINGAPORE] Politicians and regulators must appeal directly to institutional investors if they are to break the paralysis of the financial sector, the chief executive of Standard Chartered said in an interview with the Financial Times. The FT said, Peter Sands, who played a
      – Reuters  -  324 words
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      1821 14 JL^I JL JL^^> JLj l 3 Toll free: 1800-289-8822 Email: notices@sph.com.sg www.cats.com.sg IN THE MATTER OF THE I I 1I in the matter of COMPANIES ACT (CAP. 50) in the high court of the republic of Singapore the companies act, (T^Sft AND IN THE MATTER OF (CHAPTER 50) HfSy IN
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      2389 15 IN THE MATTER OF IN THE MATTER OF IN THE MATTER OF THE COMPANIES ACT CAP 50 THE COMPANIES ACT, CAP. 50 THE COMPANIES ACT, CAP. 50 AND AND AND IN THE MATTER OF IN THE MATTER OF IN THE MATTER OF CYCLE CARRIAGE (AUSTRALIA) HYPERION SOLUTIONS ASIA PTE. LTD.
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  • EDITORIAL & OPINION
    • Article
      Lock icon The worrisome spanner in the US works?
      506 16 HATS off to those running the show in the US at this difficult time. Lehman Brothers aside, the US Treasury has prevented a banking crisis at home while the Bush administration has promised to bail out the US car industry even if Congress
      506 words
    • Article, Illustration
      Lock icon Can Obama fix the US economy after Bush's mess?
      1028 16  -  PAUL SAMUELSON Tribune Media Services Being centrist in helping the poor as well as the middle classes should do it IT IS an old story when a bubble in real estate is followed by a crash. However, what caused chaotic meltdown
      – Tribune Media Services; I AP  -  1,028 words
    • Article, Illustration
      Lock icon Even the best minds don't know what comes next
      901 16  -  ANTHONY ROWLEY THE BOTTOM LINE A FEW months ago, I made my annual pilgrimage to England to take part in the Oxford Analytica annual conference held in the hallowed halls of Christchurch College. This week, I found myself participating in an
      901 words
    • Article, Illustration
      Lock icon Needfor speed on climate change accord
      1223 17  -  G PANICKER An agreement many times more ambitious than Kyoto has to be in place soon THE financial turmoil and its resolution will be the top global concern in the coming year. But climate change will also demand attention. There must be a global
      REUTERS  -  1,223 words
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      Lock icon An Obama promise that's doomed to fail
      808 17  -  ROBERT SAMUELSON The Washinaton Post WE here in Washington are anticipating a stampede of lobbyists, influence peddlers, media consultants, paid "experts" and self-styled crusaders. Who brought us this onslaught of special pleaders? Why, it's Barack Obama, the man who vowed to "change" how
      – The Washinaton Post  -  808 words
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      85 17 Dimensions: (W) 800 mm x (H) 1798 mm x (D) 694 mm Gross Capacity: 593 L Features include LED Sunlight (Vitamin Factory), Automatic Ice Maker, Soft Freezing, Anti-bacterial Deodoriser Non-CFC Refrigerant In deep stainless colour FREE delivery L_4_ MITSUBISHI Wm. ELECTRIC Changes for the Better HOW TO ZAP: Download software
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon China prepares warships to fight Somalia piracy
      511 18 -AFP Move comes after Chinese commercial vessel foils pirate attack near Somalia [BEIJING] China is preparing to send warships to fight rampant piracy off the coast of Somalia, the government said yesterday, a day after one of its commercial vessels foiled an attack
      -AFP; AP  -  511 words
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      Lock icon Condition of old US air traffic facilities poor
      519 18 -AP [MINNEAPOLIS] Aging air traffic facilities run by the US aviation agency are plagued by problems including foggy control tower windows and water dripping from the ceiling, according to a new inspector general's report. Many of the Federal Aviation Administration facilities have
      -AP; I REUTERS  -  519 words
    • Article
      Lock icon Baltic Index posts Bth straight rise
      342 18 Bloomberg [LONDON] The Baltic Dry Index, a measure of shipping costs for commodities, posted an eighth consecutive advance on Chinese demand for iron ore to make steel. China accounts for 17 per cent of total dry-bulk imports, mostly iron ore, according to Oslo-based shipbroker
      – Bloomberg  -  342 words
    • TRANSPORT STOCKS
      • Article
        Lock icon SGX
        102 18 '000 lee CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.26 ....unch 1.02 0.32 0.71 0.46 0.04 ....unch
        102 words
      • Article
        Lock icon KLSE
        38 18 '000 )ec Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings Nepline Brid PDZ Holdings unch 8.50 8.35 2.49 2.35 0.06 0.08 unch 0.05 0.05 0.06 unch unch unch 0 260 1250 747 15 150 200
        38 words
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        Lock icon BANGKOK
        15 18 '00 >ec18 Baht Vol ■recious Ship Jegional Cont 11.40 7.05 -0.10 0.85 4004 4185
        15 words
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        Lock icon HONGKONG
        11 18 '000 Doil iingamas Cont .18.48 ...0.55 1.48 unch 3240 5196
        11 words
      • Article
        Lock icon PHILIPPINES
        22 18 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.00 14.50 2.12 0.90 0.10 -0.50 unch unch 158 489 34 200
        22 words
      • Article
        Lock icon TAIPEI
        23 18 Evergreen Marine ...15.75 :irst Steamship 34.10 /Van Hai Lines 15.50 r"ang Ming Marine ..11.20 0.05 0.80 0.20 0.40 16 8 2 37
        23 words
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        Lock icon TOKYO
        36 18 '000 )ec 'en :awasakiHvylnd...183.00 unch ***** :awasaki Kisen 392.00 -10.00 5512 /litsubishi Hvy 383.00 -12.00 ***** /litsui Eng&Sbldg ..140.00 -2.00 6881 /litsuiOsk Lines ....571.00 -14.00 ***** lippon Express 379.00 2.00 4328 lipponYusen 526.00 -15.00 7039
        36 words
    • Article
      Lock icon British Airways, Virgin cut fuel surcharges
      253 18 Bloomberg [LONDON] British Airways pic, Europe's third largest airline, cut its fuel surcharges to February levels after a decline in the price of oil. The tariff for economy passengers for each flight lasting less than nine hours will drop £15 pounds (Ss34) to £53,
      – Bloomberg  -  253 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      2601 18 AIRLINE CODES: American Airliner (AAL), AF Air F die), AY Finnair Oy (FIN), AZ Alitalia Airlines (AZA), BA British Airways Public Ltd Co (SAW), BG Biman Bangladesh Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), BR EVA Airways Corpn (EVA), CA:
      2,601 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8600 19 Transaction date: Dec 18 Hi! Low Code Com| >an] Sale Cooo) Hi: Low Bu] ?er Seller C'vr •k P/E j3 12 3 3148 8Telecom 17 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 30.5 12 5000 ABRHIdgs 19 6 1938 AEI Corp 14 1 1100 AEM 29
      8,600 words
    • Article
      Lock icon SGX CATALIST
      1823 20 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      1,823 words
    • Article
      Lock icon SGX XTRANET
      58 20 hjii Low Code Comi Sale '000) Jill Low Bit Seller C'vr P/E imil ***** ***** 6065 Diamonds 6200 6200 6095 IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&PSO0 ***** ***** 6170 SPDRS 385 158 6009 STI ETF 3578 3386.7 6010 STI ETF IOPV US*****cdUS6200cd US1 OOOcd
      58 words
    • Article
      Lock icon CLOB INTERNATIONAL
      74 20 52-Wk Tel High Low Code Last Sale Vol Cooo) Day Last Quote |h Low Buyer Seller Div GrYld Net MCap C'vr P/E $mil Com] >an' Hii 103.2 37 6000 AVJennings 13 4 6134 Over&Gen 31.5 6 6017 StarCruises 283 104 6019 TanChonglnt A47.5 A8 US9 HK110 +3 unch
      74 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8929 20 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.423/ AIGIF Spore Bond Fund/ A 1.203/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.6/ APS Alpha Fund (USD)!** 0.41/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.576/ APS Komaba
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      36 19 k A r^fmmm^ new royal oak in excellent shape Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED \B B JM 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 Internet: Http://www.audemarspiguet.com
      36 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      359 21 %dy %yr dy yr dy yr Index Change Change Change Change Change Change Dec 17 World Index Preliminan 672.8 -0.3 -40.5 -0.5 -41.3 1.2 -41.1 EAFE Preliminai 640.3 0.4 -42.9 1.7 -43.8 3.4 -44.1 Euro[ Preliminan 903.1 0.0 -41.5 1.7 -46.5 3.4 -46.1 Pacific 526.7
      359 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      133 21 As at 9am Dec 18 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.0010 1.0330 Can dollar 1.1980 1.2120 Euro 2.0560 2.0800 NZ dollar 0.8430 0.8620 Sterlini ind 2.2140 2.2390 US dollar 1.4280 1.4440 Local dollars to 100 units of foreign
      133 words
    • Article
      Lock icon INTERBANK RATES
      172 21 Dec 18 fer Overnight 3/8 1-month 3/4 2-months 7/8 3-months 15/16 Overnight mode: 0.38 US$ Offer 1/4 1/2 5/8 11/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 0.30 1.00 1.58 1.70 2.10 2.30 2.40 Offer 0.10 0.50 1 00
      172 words
    • Article
      Lock icon STOCK INDEX FUTURES
      25 21 Dec 18 ten Hii Sett STI SIMSCI Dec 217.9 219.0 219.0 Taiwan Dec 178.8 179.5 179.0 Source: MF Global (S) He. Ltd
      25 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      24 21 Dec 18 S! Bid Offer 1-month 1.4383 1.4395 2 months 1.4376 1.4390 3 months 1.4374 1.4388 6-months 1.4355 1.4370 Source: OCBC
      24 words
    • Article
      Lock icon PALM OIL
      62 21 Dec 18 Delivery Month Opening Sett Av Range Price Price Hi Low Vol Open Done Position Jan 09 1553 Feb 09 1551 Mar 09 1559 Apr 09 1545 Total o/p: ***** contracts 1541 1575 1545 1543 1569 1540 1545 1575 1539 1550 1575 1545 Turnover: 8696 lots Market
      62 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      303 21 Dec 18 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES MarO9 JunO9 SepO9 DecO9 98.7850 98.8400 98.8100 98.6800 ***** 4461 3203 1845 EUROYEN TIBOR FUTURES MarO9 99.360 99.380 JunO9 99.430 99.430 SepO9 99.475 99.475 DecO9 99.450 99.450 Mar10 Jun10 Sep10 Dec10 99.360 99.430 99.450 99.450 99.375 99.420
      303 words
    • Article
      Lock icon SICOM FUTURES
      193 21 Dec 18 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l lots) Jan 09 120.0 FebO9 124.0 Mar 09 AprO9 135.0 May 09 135.0 JunO9 135.0 118.0 123.5 133.5 135.0 135.0 121.0 125.0 130.0 136.0 136.0 136.0 80 89 95 65
      193 words
    • Article
      Lock icon GOVERNMENT SECURITIES TREASURY BILLS
      89 21 Dec 18 Period Issue code Maturity Yesterday's Bid Hi, Day's |h Low 3-Month BQ*****N 19.03.09 1-Year BY*****V 02.11.09 0.56 0.74 0.55 0.40 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year NX*****T 4.625 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A
      89 words
    • Article
      Lock icon CHICAGO BOT
      104 21 Dec 17\ SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Jan 09 864.00 858.50 877.25 848.50 Mar 09 869.00 863.00 882.00 855.50 May 09 880.50 874.50 892.00 867.25 Jul 09 891.50 885.00 904.00 878.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jan 09 31.00 31.35 31.96
      104 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 21 CRUDE OIL PRODUCTS Dec 17 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 45.71 -0.76 WTI (Near Mth) 40.42 -3.68 Dubai (1-Mth F) 44.38 0.30 Tapis blend 46.70 0.40 Minas 42.50 0.40 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 32.32 S2.40 1.37 1.90 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon INTERBANK CROSS RATES
      462 21 Dec 18 AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso i« Rand Sfr NTS Baht Pound us: Australia 0.837 4.800 0.487 5.446 33.133 77.303 0.617 9.060 2.446 1.175 55.647 32.811 1.011 6.901 0.755 22.811 24.231 0.455 0.703 Canada 1.195 5.735 0.582 6.507 39.586
      462 words
    • Article
      Lock icon SIBOR
      76 21 Dec 18 1 mth 0.***** 0.***** 2 mths 1.***** 0.***** 3 mths 1.***** 0.***** 6 mths 1.***** 1.***** 9 mths 1.***** 1.***** 12 mths 2.***** 1.***** SWAP Offer rates 1 mth 2 mths 3 mths (S$) 0.***** 1.***** 1.***** 6 mths 1.***** 9mths 1.***** 12 mths 1.***** SWAP Mid
      76 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 21 Dec 18 Against SS Currencies Bid Offer Against US$ Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0103 1.0117 0.7025 0.7030 Canadian dollar 1.2074 1.2084 0.8396 0.8397 Euro 2.0749 2.0768 1.4428 1.4431 NZ dollar 0.8596 0.8612 0.5977 0.5984 Sterling 2.2194 2.2218 1.5433 1.543' US
      156 words
    • Article
      Lock icon PRECIOUS METALS
      142 21 Dec 18 GOLD (USS/oz) Dec 18 Dec 17 Hong Kong London 866.00 853.30 867.00 854.30 Dec 17 Dec 16 874.60 835.65 876.60 837.65 Source: Thomson Reuters CAST BAR (SS) Dec 18 Buying Sellini Kilobar "42,609.54" ***** PAMP GOLD BARS (SS) Sellinq Buying Igm 5gm lOgm 20gm 50gm lOOgm
      142 words
    • Article
      Lock icon LONDON METALS
      70 21 Dec 17\ minimum, 99.7 jrity (US$/tonne) Co Close Previous Cash 1472.50 1431.00 3 months 1510.00 1471.00 Copper, Grade A (US$/tonne) Cash 3 months 2984.50 3020.00 3030.00 3070.00 Lead (US$/tonne) Cash 3 months 976.80 985.00 980.20 989.00 Nickel (US$/tonne) Cash 3 months 9683.00 9805.00 9572.00 9695.00 Tin (US$/tonne) Cash
      70 words
    • Article
      Lock icon LIFFE
      63 21 Dec J7 (£/tonne) Close Prev Hii ih/Low Mar 09 1720 1707 1765/1696 May 09 1714 1699 1751/1710 JulO9 1717 1705 1748/1705 SepO9 1700 1689 1729/1729 COFFEE (US$/tonne) Close Pev High/Low Jan 09 1884 1865 1901/1860 SUGAR (US tonne) White Close Prev High/Low Mar 09 323.7 323.8 327.6/320.0 May 09
      63 words
    • Article
      Lock icon BONDS & WARRANTS
      2639 21 BONDS WARRANTS lei lode Company Last Sale Prem Expiry Vol Conv Exer Disc Gear- Mths +or- ("000) Ratio Price ing Left >058 Advance Modules Grp W*****3 6 susp >036AdvanceSCTLtdW*****9 0.5 3092 Asia Environment W*****4 2 1481 Asia Water Tech Ltd W*****0 ..18.5 5816 #Asiasons Capital Ltd W*****7 4 .756 Asiatic
      2,639 words
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      2439 22 m The Business Times tf KH B-fjfffyjjiffnHWtffß-fjrfWtßßffiß I WAN HAI INTERNATIONAL PTE LTD cr NO: **********0/R W^Z W M mMmmMMSkrmMwmam Vtt^V iuhi ■■>■ imr#> «L6226issB iulines) fax:*****163 V ■^^WlF^^Ct^M [gjsgjj^ V\\N 1 WAN HAI INpN Customer Service/Bookings Dirert Line-(1 800)*****200 A A I^X^IW" I I BWfflM IBffßff V N^ WWf^ll
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      3169 23 RICKMERS-LINIE -^^wtd^^i^ HTT\ EASTERN CAR LINER, LTD I g|) QGSlf^^ re g k .B ulk /P roi e.,/SOC Convening. Service^ website: ww^Hd—ga, |_fcj SPEC.AUZE ,N RORO HEAVY L.FT UPTO 450 TON^ WEEKLY EXPRESS SAILING SCHEDULE Vessel I Vov ~l SIN I ALT I HOU I NEW I JAX I ORF
      3,169 words
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      6108 24 ISM /\shippinscompany/ 70 Shenton Way, #21-03 Marina House' sfn'gapo're'oT'mS fKA M.UIII NAVIUAIIUN uKUUP I JHiiP'iißPiWPiPlPHpil Hi NORTH WEST EXPRESS LINE m&*L-t/!2^f «M*^ MONTHLY SERVICE TO WESTERN AUSTRALIA AND ISLANDS [laIES AtE AttlViL [laIES SINCE 1970 SSSSS SI I VESSEL VOY Singapore Merak/Jakarta Fremanlle Corns Island Christmas Island Pasir Gndang OWNS
      6,108 words
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  • executive lifestyle
    • Actions speak louder
      • Article, Illustration
        Lock icon A relationship of unwavering commitment
        623 25  -  AMANDA DE GUZMAN St Joseph's Home and Hospice PATRICK Chong may be the CEO of Luxasia Group which brings in luxury beauty lines such as Creme de la Mer and Serge Lutens, but he's one who knows first hand the transience of youthful beauty. This
        YEN MENG JIIN  -  623 words
      • Article, Illustration
        Lock icon Seeing a gap and filling it
        575 25  -  CHEAH UI-HUUN Rachel House FORMER banker Lynna Chandra's original idea was to set up hospices for children with HIV in Indonesia, India and Myanmar in three years. It was a plan that she now admits as naive. "I was in the typical 'banker mode',
        575 words
      • Article, Illustration
        Lock icon Leaving a lasting legacy
        591 25  -  CHEAH UI-HOON Save Our Planet Foundation JANNIE Tay is best known for her luxury watch company, The Hour Glass, and as the face of retail in Singapore as chairman of the Singapore Retail Association, But little is known about her green tendencies until she recently went
        JOSEPH NAIR  -  591 words
    • CHRISTMAS FICTION
      • Article, Illustration
        Lock icon Five Seasons
        3446 26 A short story by CLARISSA TAN on love and learning to let go of the dream for a perfect life IT was obvious really, now that she thought about it. Christmas was the time of love. Oh, not universal love, or brotherly-sisterly love, or Boney M By-the-Rivers-of-Babylon love,
        3,446 words
    • WINE/MUSIC
      • Article, Illustration
        Lock icon An underestimated noble wine
        871 27 Chianti deserves serious attention as one of the great national wines of the world, writes N X YONG CHIANTI continues to remain unfashionable, period. Most wine consumers are likely to admit "having heard" of Chianti and know that it is a wine from Italy. Few would
        871 words
      • Article, Illustration
        Lock icon Veterans make Christmas debuts
        554 27  -  CHRISTOPHER LIM CD REVIEW Christmas Al Jarreau Rhino Rating: B+ This Christmas Aretha Aretha Franklin Rhino Rating: B A Winter Symphony Sarah Brightman Manhattan Rating: B Joy to the World Faith Hill Warner Rating: C+ By YOU might think that every singer who has been in
        554 words
    • PURSUITS
      • Article, Illustration
        Lock icon Prince returns with a never-say-die philosophy
        559 28 CHRISTOPHER LIM finds out how the latest incarnation of the Prince of Persia differs from its predecessors AT first glance, re-im-agining an existing computer game might seem like lazy greed on the part of developers. After all, it takes more money and effort to
        559 words
      • Article, Illustration
        Lock icon Singapore finds a place in aternative universe
        568 28  -  CHEAH UI-HOON By HE calls it three dimensional storytelling. When Eames Demetrios launched his Kymaerica project a few years ago, he decided that instead of writing a book, he'd write a tale incorporating physical locations around the world. "Instead of seeing just the
        YEN MENG JIIN  -  568 words
    • CINEMA
      • Article, Illustration
        Lock icon Vampire love story lacks bite
        631 29 Uneven casting mars an otherwise admirable adaptation of Twilight, says CHRISTOPHER LIM IF you find nervous giggles and ultrasonic screams disruptive in cinemas, you might want to wait until all the teenage girls have watched Twilight before checking it out. Then again, there might not
        631 words
      • Article, Illustration
        Lock icon Lacklustre performance from Hollywood hotshots
        535 29  -  AMANDA DE GUZMAN By THE highly publicised delays, controversy and conflict plaguing the release of Pride and Glory, a corrupt-cop drama starring an ensemble cast of high-octane Hollywood players, did not bode well for its critical and box-office reception. However, a viewing of the film
        535 words
    • ART
      • Article, Illustration
        Lock icon Threads of contrasts
        789 30 EMILYN ANG finds out how seven women artists explore the subtext of lace in an inaugural exhibition IT all started with a dinner party. Judy Chicago's provocative Dinner Party to be exact. Housed at Brooklyn Art Museum, this installation work has been hailed as the pinnacle of
        789 words
  • Page 25 Miscellaneous
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      61 27 *WW^, INTERNATIONAL PATENT <^^^^E^^^^^^o«mm^^9 By combining a microperforated rubber sole and the breathable L^^ waterproof membrane, the Geox system lets foot perspiration go out through the sole thus keeping your feet dry and healthy. GEOX SHOPS: RAFFLES CITY #02-27/28 CENTREPOINT #01 -23/24 VIVOCITY #01 -126 GREAT WORLD CITY #02-19 SUNTEC
      61 words
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      232 28 The Nanyang style was pursued by artists who taught and studied at NAFA during the post-war years, after the likes of Chen Chong Swee, Chen Wen Hsi, Cheong Soon Pieng and Georgette Chen. They adopted a simple use of colours, lines and forms, inspired by the mood, the people and
      232 words
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  • Page 29 Advertisements
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      712 29 WHH\ I GALLERY II Three Generations of Experience 545 Orchard Road #03-01 Far East Shopping Centre Singapore *****2 Tel: (65) 6235 2516 Fax: (65) 6235 1128 Kguuu|uaj|K||U||U|m X /^^l^j <a Bangkok fsl99* Charge a minimum of 00^ I! h^/^iMi HWI Free ECISy frsl 70* 552,000 tO your DBS Platinum A
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      313 29 CRYPTIC CROSSWORD ACROSS 6 One in LA is employed pri--8 Make a gift here and now marily to maintain communi(7) cation (6) 10 Drunken sot, affluent one 7 Furniture designer delayed who ignores home truths (7) taking action about that 11 Robin arrested, stupidly nick- woman (8) ing book (9)
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      345 30 Straddling the ft g -f Jf^^sT^ old and new \f^*£s?*^Z AFTER its 46-year 2/t*reign in the arts scene, Angkatan Pelukis Aneka Daya (APAD) is back with pjT y£| an exhibition that reflects Xr the group's diversity in 9^,f APAD: Tradition, Innovation &Continuity established artists ir A* such as S Mohdir,
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