The Business Times, 20 February 2009

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Total Pages: 28
1 28 The Business Times
  • 18 1 THE BUSINESS TIMES ssi .oo online at http://www.businesstimes.com.sg a Singapore press holdings publication coregnnoi9B4o2B6Be mica(p)l97/08/2008 Friday, February 20,2009
    18 words
  • 688 1  -  CONRAD TAN Nor will it lend directly, says PM Lee, though it will do its best to keep credit flowing [SINGAPORE] The government will not lend directly to borrowers or force banks to extend credit despite their reluctance to lend,
    688 words
  • 877 1  -  JAMIE LEE Measures a response to current volatile market, tight credit conditions [SINGAPORE] The Singapore Exchange has introduced new measures to speed up fund-rais-ing by listed companies in the equity capital market. From today, SGX has raised the limit for issuers to raise
    877 words
  • Page 1 Advertisements
  • Page 1 Miscellaneous
    • 133 1 rrT^^Hw^^/ BOOKS llT^ OSCARS FRAUD CHARGES SENTOSAIR I iiik X- The novel way to The Year of the Allen Stanford and Genting to pour another 1 JtM^lj:*:^ fWJ__ B the silver screen Lj^^—^" (H)indie Movie his modus operandi $590 m into Resorts World I ffjß^ lfi*3M'^( PAGE 25 *^^WL PAGE
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  • TOP STORIES
    • 589 2  -  ARTHUR SIM Resorts' operating cash flows will be used to fund the extra investment [SINGAPORE] Genting International has announced that Resorts World at Sentosa is now expected to increase its investment in the integrated resort (IR) to $6.59 billion, up from $6
      589 words
    • 551 2 Reuters, AFP Bank secrecy will remain despite ÜBS deal: Swiss minister [ZURICH] Switzerland embarked on an uphill battle to retain its treasured banking secrecy yesterday, hours after ÜBS agreed to hand over client data to Washington in a landmark settlement of
      – Reuters, AFP  -  551 words
    • THREE-MINUTE DIGEST
      • 63 2 THE government will not lend directly to borrowers or force banks to extend credit despite their reluctance to lend, Prime Minister Lee Hsien Loong said yesterday. Rather than "substitute bureaucrats for bankers", it will continue to work through private sector
        63 words
      • 57 2 THE Singapore Exchange has introduced new measures to speed up fund-raising in the equity capital market. From today, SGX has raised the limit for issuers to raise up to 100 per cent of a company's share capital through a pro-rata renounceable rights issue,
        57 words
      • 39 2 GENTING International has announced that Resorts World at Sentosa is now expected to increase its investment in the integrated resort to $6.59 biUion, up from $6 billion. TOP STORIES, PAGE 2
        39 words
      • 63 2 SWITZERLAND embarked on an uphill battle to retain its treasured banking secrecy yesterday, hours after ÜBS agreed to hand over client data to Washington in a settlement of tax-fraud charges. Finance Minister Hans-Rudolf Merz said; "It is evident there has been
        63 words
      • 66 2 AUTHORITIES were yesterday trying to track down Texas billionaire financier Allen Stanford, as fraud charges against the cricket impresario prompted panicked investors to withdraw cash from his banks. Two days after the US Securities and Exchange Commission accused Stanford, 58, of perpetrating "a
        66 words
      • 66 2 FRASER and Neave Ltd said last night that it will regain distribution of its soft drinks in Singapore after agreements with The Coca-Cola Company end next year. The news adds a twist to F&N's announcement on Wednesday night that its Malaysian
        66 words
      • 43 2 LOSSES in collateralised debt obligation investments continued to bite deeply into Venture Corporation's bottom line. For the three months to Dec 31, 2008, net income tumbled 94 per cent to $4.6 million. COMPANY NEWS, PAGE 7
        43 words
      • 51 2 THE oil/petrochemicals sector here appears to be holding its own. Next month will see two mega developments a foundation-stone ceremony for Neste Oil of Finland's $1.2 billion biodiesel plant, and the opening of Emirates National Oil Company's $470 million Horizon Terminals. SINGAPORE NEWS, PAGE
        51 words
      • 42 2 MALAYSIA'S politics have taken a surreal turn after the Speaker of the Perak legislative assembly suspended seven members of the government that took over just two weeks ago leaving it without a majority. MALAYSIA/INDONESIA, PAGE 11
        42 words
      • 52 2 GENERAL Motors and Chrysler have threatened that they will need US$l25 billion, in what would be the largest bankruptcy financing packages ever. To many, that figure seems far too high, and may be a negotiating tactic to keep them out of bankruptcy. WORLD,
        52 words
    • 480 2  -  SAMUEL EE By [SINGAPORE] A 4.6 per cent cut in bus and train fares will cost the two public transport operators, SBS Transit and SMRT Corp, about $80 million over 15 months. Neither company would comment on how much each will be impacted
      480 words
    • 681 4 Reuters, AFP, Bloomberg Panicked investors withdraw money from the billionaire financier's banks [WASHINGTON] The US authorities were trying to track down Texas billionaire financier Allen Stanford yesterday, as fraud charges against the cricket impresario prompted panicked investors to withdraw cash from his
      – Reuters, AFP, Bloomberg; AFP  -  681 words
    • 543 4 AP, Reuters, AFP New home permits, construction sink to record lows in Jan [WASHINGTON] The Federal Reserve warned on Wednesday that the crippled US economy is even worse than thought and predicted it would deteriorate throughout 2009, with no sign that the
      AP, Reuters, AFP  -  543 words
    • 441 4  -  ANTHONY ROWLEY IN a move that Bank of Japan governor Masaaki Shirakawa described as "extremely unusual", the central bank yesterday announced its intention to buy up to one trillion yen (5516.4 billion) of corporate bonds from financial institutions in order to
      441 words
    • 618 4  -  UMA SHANKARI Rental recovery here can be seen from 2012 onwards [SINGAPORE] Grade A office rents here could fall 30-40 per cent this year and another 20-25 per cent in 2010, based on new research from Savills. Rents here fell 1.9 per
      Savills Research & Consultancy  -  618 words
    • MARKETS DIGEST
      • 42 4 1COMP 899.59 +4.36 IIKKEI225 7,557.65 +23.21 IANG SENG 13,023.36 +7.36 ;et index 441.62 +2.02 JAKARTA COM P 1,323.69 -6.92 IANILACOMP 1,899.80 +7.57 ;eoulcomp 1,107.10 -6.09 ;henzhen b 320.16 +9.56 IUMBAI IND 9,042.63 +27.45 11AM EST Cham )OW 7,538.43 -17.20 IAS DAI
        42 words
      • 29 4 Bloomberg SINGAPORE 5.38 MALAYSIA 5.91 HONG KONG 5.00 INDONESIA 16.667 TAIWAN 4.826 JAPAN 1.475 KOREA 9.33 BRITAIN 1.00 US 3.25 CANADA 3.00 SWITZERLAND 0.52 INDIA 12.25 Source:
        Bloomberg  -  29 words
      • 42 4 IS$ (S$ per US$) 1.530 (US$/S$ per 1.434 2.194 ;URO (US$/S$/E) 1.260 1.927 Foreign currency per US$ S$ 'EN 93.60 61.20 3.666 2.397 IK$ 7.755 5.070 !AHT 35.55 23.24 lUPIAH 11,975 7,829 1ENMINBI 6.837 4.470 INDIAN RUPEE 49.77 32.54 1.551 1.014
        42 words
  • Page 2 Advertisements
    • 152 2 /O^ SINGAPORE I WM' f'>^ (A 4 B Jsi IdLKb WINNER ZDtH 2[>DE !r ZDDS Place j<. Is your effort worth $3.71 To prepare the same at home $6.59 (Excludes garnishing, condiments, oil, cutleries, gas, electricity, assets, sweat and effort) Here at Jack's Place $10.30++ (Includes quality garnishing, condiments, oil,
      152 words

  • Page 3 Advertisements
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  • Page 4 Advertisements
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      18 words

  • Page 5 Advertisements
    • 127 5 .ji wmd^'^Jr t: M *iJ Ik Ski, IVI SHlFT_the way you move NISSAN j H! Authorised Dealers: Auto Mega Trading Re Ltd 300 Tampines Avenue 5, #01 -01, NTUC Income Tampines Tan Chong Motor Sales Pte Ltd Showrooms: Junction. Tel: 6787 2882 Hong Heng Co Re Ltd 33 Sembawang Road,
      127 words

  • COMPANY NEWS
    • 615 6  -  EMILYN YAP It will also launch new products, spend on marketing and infrastructure FRASER and Neave Ltd (F&N) said last night that it will regain distribution of its soft drinks in Singapore after agreements with The Coca-Cola Company (TCCC) end next
      615 words
    • 507 6  -  LYNETTE KHOO By DIRECTORS of Singapore Food Industries (SFI) have urged shareholders to accept the takeover offer by Singapore Airport Terminal Services (SATS), based on the advice given by independent financial adviser ANZ Singapore. As an alternative offer is unlikely, "the offer
      FILE PHOTO  -  507 words
    • 404 6 Reuters If successful, combined firm will be among top 5 brokers in Thai market [BANGKOK] BFIT Securities, Thailand's second-largest stockbroker in terms of market share, said yesterday that it had received a merger proposal from a Thai unit of Singapore's UOB-Kay Hian Holdings
      Reuters  -  404 words
    • 259 6 Full year ended Dec 2008 Three months ended Dec 2008 NET PROFIT TURNOVER CURRENT I PREVIOUS CHNG CURRENT PREVIOUS (s|m) (SJm) CHNG NET PROFIT TURNOVER CURRENT PREVIOUS CHNG CURRENT PREVIOUS %CHNG (S$m) (Sm) 1 Venture Corp 166.69 300.03 -44.4 3,784.12 3,872.82 2 China Merchants (Pac) 55.10 56.36
      259 words
    • 446 6  -  JOYCE HOOI By LIFESTYLE products group OSIM International's share price rebounded half a cent or 9.1 per cent yesterday to close at 6 cents after the group posted a $99.44 million net loss for FY2OOB. The net loss was driven by its fourth-quarter
      446 words
    • 233 6  -  ARTHUR SIM By PROPERTY investment company Pacific Star Group has appointed Wilfred Wong executive chairman of its China operations. Mr Wong, 56, is a real estate veteran with two decades of experience in development, construction and management in mainland China and Hong Kong. At Pacific
      233 words
    • 571 6  -  CHEW XIANG HOCK LOCK SIEW WHERE do you hide a tree? In a forest. Where do you hide a poor quarter's performance? In the full-year results. Six years after quarterly reporting was made mandatory for all but the smallest listed companies, a number of
      571 words
    • 537 7  -  ONG BOON KIAT It blames earnings slump on CDO losses, impairment charge on associate By LOSSES in collateralised debt obligation (CDO) investments continued to bite deeply into Venture Corporation's bottom line, dragging the company's fourth-quarter income to its lowest level in at least six years.
      ALBERT SIM/THE STRAITS TIMES  -  537 words
    • 369 7  -  OH BOON PING By RUBBER producer GMG Global yesterday reported a 6.4 per cent rise in net income to $8.4 million on a 5.6 growth in sales for the fourth quarter ended Dec 31, 2008. Revenue for the quarter stood at
      369 words
    • COMPANY BRIEFS
      • 55 7 TSH Corporation Ltd yesterday said it is expecting to report losses for FYOB. Earnings were "significantly affected" by the impairment write-down of the long-term investments classified as available for sale financial assets. As a result, impairment loss of about $4.9 million will be
        55 words
      • 54 7 mDR Ltd yesterday said it will incur a significant loss in Q4 FYOB arising from the impairment of goodwill, fair value of its convertible bonds and unrealised foreign exchange differences. The group expects to announce its unaudited financial results for FYOB on or
        54 words
      • 59 7 ALBEDO Ltd yesterday warned that its net profit for the full year ended Dec 31, 2008, will be weaker compared to the previous year, due mainly to significant foreign exchange losses. The forex losses are caused by the exceptional volatility of the market arising
        59 words
      • 85 7 HOSEN group has reported a net loss of $2.7 million, despite a 4 per cent rise in turnover for the year ended Dec 31, 2008. The previous year, it made a net profit of $443,000. Last year, the group was hit by a non-operating expense
        85 words
    • 319 7  -  BRITTANY KHOO By TOLL road operator China Merchants Holdings (Pacific) has reported a 59 per cent drop in revenue for the year ended Dec 31, 2008 to HK5211.65 million (5541.76 miUion) the first fall since 2004. Net profit also fell
      319 words
    • 406 7 Bloomberg HYFLUX Ltd, building the world's largest mem-brane-based desalination plant in Algeria, surged in Singapore trade after reporting that full-year profit more than doubled on increased sales and orders. The water treatment company, which generates about 90 per cent of sales from
      Bloomberg  -  406 words
    • 403 7  -  UMA SHANKARI By ARA Asset Management said yesterday that its fourth-quarter net profit fell 58 per cent to $9.6 million, from $22.6 million a year earlier, because it received no acquisition or performance fees during the quarter. Revenue fell 49 per cent
      403 words

  • Page 7 Advertisements
    • 112 7 Senior M&A corporate lawyer (7+ years PQE) Strong transactional experience with a focus on cross-border M&A Senior contentious financial regulatory lawyer (7+ years PQE) Financial services regulatory experience with a Singapore law firm or with a Singapore regulatory body Junior finance lawyers (2-5 years PQE) Focus on international structured loan
      112 words

  • SINGAPORE MARKETS
    • 572 8  -  R SIVANITHY STOCKS THERE were no surprises in yesterday's session during which the Straits Times Index, which on Wednesday had risen 13 points, thanks mainly to short-covering, fell back by 21.71 to 1,629.35, a new low for 2009. We say "no surprises"
      : Bloomberg  -  572 words
    • 90 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 6 6 2 0 0 0 6 6 2 lanufacturing 20 43 59 23 46 66 Commerce 17 11 20 18 15 23 'pt/Stor/Comms 18 18 :inance 12 15 12 15 Construction 'roperties 19 19 lotels/Rsts
      90 words
    • 110 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 23,158 23,158 55,858 55,858 lanufacturing 114,095 4,705 118,800 72,333 378 72,711 lommerce 63,016 1,545 64,561 56,090 193 56,283 'pt/Stor/Comms 54,930 54,930 84,048 84,048 :i nance 26,450 26,450 161,078 161,078 lonstruction 10,603 2,461 13,064 538 14 552 'roperties 60,818 60,818
      110 words
    • 104 8 lapitaLand 2.130 -0.090 lapitaMall 1.330 jtyDev 5.170 -0.200 losco Corp 0.805 -0.025 IBS Grp 8.150 +0.050 :&N 2.500 -0.180 ient Intl 0.425 -0.005 iolden Agri 0.290 +0.005 IK Land 2.030 -0.050 IMH 17.500 +0.440 ISH 9.000 -0.080 lardineC&C 9.780 +0.010 Ceppel Corp 4.150 -0.040 Ceppel Land
      104 words
    • Article, Illustration
      896 8  -  LYNETTE KHOO Hyflux Feb 19 close: $1.77 CIMB-GK, Feb 19 CORE profit above expectation: FYOB core net profit of $59.8 million came in within consensus estimate but was 16 per cent above our forecast, on better-than-expected progress in China and the Mena (Middle East and North Africa) region.
      Bloomberg  -  896 words
    • 536 8  -  LARRY WEE CURRENCIES WORRIES over growing reports of a negative 2009 in Asia Japan included took the US dollar yet higher versus some of its Asian counterparts yesterday, even as it retreated versus counterparts in Europe and Down Under. In North Asia, the greenback continued
      : Reuters  -  536 words
    • 4 8 DAILY
      4 words
    • 61 8 Feb 19 VALUE CLOSE IT OB/OS -299.00 +4.0C IT CADI -*****.00 -61.0' IT 10-day MA -*****.00 -30.0' TSE ST Mid Cap 332.63 -2.8: TSE ST Small Cap 273.25 -3.1 TSE ST All Share 391.13 -4.8' TSE ST China Top 171.18 -1.9 1 TSE ST China 168.85 -1.9!
      61 words
    • 58 8 VOLUME Golden Agri 46,691,000 Gent Intl 27,125,000 Capita Land 24,412,000 OSIM 24,169,000 Sing Tel 16,049,000 ST Enqq 15,043,000 Olam 13,394,000 Chart SemiCond 12,680,000 Yanlord 12,042,000 Straits Asia 11,631,000 VALUE(S) Capita Land 53,833,234 UOB 48,542,770 DBS Grp 44,693,480 Sing Tel 39,440,956 OCBC Bk 35,372,600 ST Enqq 34,554,385 SGX
      58 words
    • 96 8 CLOSE UP 1750 67.3 2.6 IMH LP 10US$ 9564 42.8 0. 'BXT MSTaiwan 10US$ 894 30.6 2. IQB 5.05%NCPS 100 9690 24.0 0.. ISL 109 21.0 23. China H 10US$ 949 19.9 1.. ICBC Bk4.5%NCPS 100 8342 12.0 0.1 Venture Con 412 12.0 3.' lux 177 11.0 6.' >ain
      96 words
    • 115 8 BY CENTS CLOSE DOWN OCBC Bk5.1%NCPS 100 9420-80.0 -0.8 DBS Bk6% NCPS 10 9850 -40.0 -0.4 UOB 1052 -28.0 -2.6 lit 517 -20.0 -3.7 OCBCC 5.1%NCPS 100 9370 -20.0 -0.2 STXPO 100 957 -20.0 -2.0 F&N 250 -18.0 -6.7 Khoni Guan 60 -15.0 -20.0 Tri-M 70 -15.0 -17.6 JSH
      115 words
    • 87 8 Where S$ stands Feb 19 %CHNG CLOSE FRF* 18 YR 2008/2009 S$ LOW S$ HIGH USS 1.5263 0.23 1.5346 1.3457 Euro 1.9341 -0.32 2.2064 1.8640 Pounds 2.1941 -1.20 2.8431 2.0356 AS 0.9872 -0.64 1.3251 0.9068 Yen* 1.6321 1.39 1.7278 1.2619 Rupiah* 0.***** 0.57 0.***** 0.***** Baht* 4.2958 0.80 4.4299
      87 words

  • SINGAPORE NEWS
    • 581 9  -  RONNIE LIM Neste Oil to start plant construction, ENOC terminal to officially open By THE oil/petrochemicals sector here appears to be holding its own, despite the economic downturn. Next month will see two mega developments a foundation-stone ceremony marking the start of construction proper
      581 words
    • 357 9  -  ZEINAB YUSUF By AN experimental global positioning system (GPS) station will be set up at the Nanyang Technological University (NTU) and will be the prototype for the next generation of advanced geophysical sensors. Handling the project is the NTU's Earth Observatory of Singapore (EOS),
      357 words
    • 427 9  -  WINSTON CHAI By WHILE most firms are cutting back, Japanese game studio Koei Entertainment plans to double the size of its operations in Singapore. The company will add up to 60 new employees over the next two years to its
      427 words
    • 448 9 Rajah Tann in top 30 international arbitration list HOMEGROWN Rajah Tann has been ranked among the world's top 30 law firms in international arbitration. In the latest Global Arbitration Review (GAR), it is the only Singapore practice to make a list of 100 and is ranked 25th in a league
      448 words
    • 459 9 Reuters [SINGAPORE] ExxonMobil Corp will partially shut its mainland Singapore refinery and some petrochemical units at its Jurong Island facility for a month or more from March for routine maintenance, six industry sources said yesterday. The US energy giant will
      – Reuters  -  459 words
    • 429 9  -  LYNETTE KHOO By SINGAPORE companies are likely to see lower goodwill impairments on past transactions than their global peers, based on a study by audit firm Ernst Young (E&Y). It found that in corporate transactions worldwide, an average of 47 per cent of enterprise
      429 words
    • SINGAPORE ROUNDUP
      • 70 9 THE Singapore Tourism Board (STB) has launched "Fly on US", an online promotion which will run till end May. Participants may log onto a website to invite their friends and family on board a virtual Uniquely Singapore flight, and every 2,009 th qualifying name
        70 words
      • 52 9 CITYSCAPE Asia, an annual networking exhibition and conference focusing on all aspects of the real estate development cycle, will be held from May 19 to 21 at Suntec Singapore. This year's event will have a special focus on introducing property developers to the
        52 words
  • Page 9 Advertisements
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      59 words

  • ECONOMY WATCH
    • 412 10 ■AFP [TOKYO] Asia's developing economies are suffering more than expected from the global slowdown and must take steps to reduce their reliance on exports, the head of the Asian Development Bank said yesterday. ADB president Haruhiko Kuroda called on developing countries such
      ■AFP; AFP  -  412 words
    • 646 10 Bloomberg Lenders worry that cramdown laws will up bankrupt filings [NEW YORK] President Barack Obama offered US$75 billion of relief on Wedneday to homeowners facing foreclosure. He also gave bankers a reprieve. Some lenders, including JPMorgan Chase, have worried that proposed "cramdown" legislation giving
      Bloomberg; REUTERS  -  646 words
    • 609 10 -Reuters Nine top firms will use a central counterparty clearing for CDS [BRUSSELS] Brokers and banks that trade credit default swaps (CDS) off an exchange have agreed to clear their contracts centrally by the end of July to make the market less risky, the
      -Reuters  -  609 words
    • 723 10 -Reuters They are looking to UK, Germany and Sweden for models [NEW YORK] In a sign of how deeply the financial crisis has transformed America, Republicans who embrace the sanctity of free markets are supporting some form of a US government takeover of increasingly
      -Reuters  -  723 words
    • 537 10 -NYT [WASHINGTON] The economic stimulus plan that President Barack Obama signed into law this week will give much-needed relief to the nation's cash-starved states, but not enough to avert the need for spending cuts or tax increases, according to a report to be
      -NYT  -  537 words

  • MALAYSIA/INDONESIA
    • 483 11  -  PAULINE NG By in Kuala Lumpur SHARES of Fraser Neave Holdings (F&N) tumbled 12 per cent to RM7.85 yesterday on news that its long-standing franchise agreements with The CocaCola Company Inc would not be extended. F&N was the day's biggest loser following its
      483 words
    • 641 11  -  S JAYASANKARAN Suspension of seven representatives leaves new BN govt without a majority By in Kuala Lumpur MALAYSIA'S upside-down politics have taken a surreal turn after the Speaker of the Perak legislative assembly suspended seven members of the government that took over just
      THE STAR  -  641 words
    • 200 11 -AFP [SYDNEY] Indonesia's foreign minister said yesterday that his country had successfully combated terrorism, and urged Australia to relax its danger warning for travellers, as the nations considered a free trade accord. Australia's current advice warns against non-essential travel to Indonesia, the world's
      -AFP  -  200 words
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    • 1389 11 4 fel BUKIT SEMBAWANG ESTATES LIMITED r m (Company Registration No. *****0177M) (Incorporated in the Republic of Singapore on 27 June 1967) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Shareholders of Bukit Sembawang Estates Limited (the "Company") will be held at
      1,389 words

  • GREATER CHINA/INDIA
    • 439 12 IHT Move may complicate any speedy sale of the firm but some are eyeing business [NEW DELHI] The Indian Central Bureau of Investigation (CBI) agreed on Wednesday to open an inquiry into Satyam Computer Services, a move that might complicate any speedy sale of the
      IHT  -  439 words
    • 454 12 -AP [BEIJING] China's normally dry capital yesterday lay covered in a white blanket for a third day, with Beijing residents and tourists basking in an unusual, artificially produced snowfall. The snow that began on early Tuesday was a product of cloud-seeding, a method
      -AP; REUTERS  -  454 words
    • 350 12 ■AFP Regulator tells them to boost lending to rural sector, SMEs [SHANGHAI] China's banking regulator said yesterday it had told foreign banks operating in the country to do their bit to stimulate economic growth by lending more money. Foreign banks must "actively
      ■AFP  -  350 words
    • 374 12 Reuters [BEIJING] Chinese provinces are scrambling to try to shore up local firms through mandates to buy locally, in a sign that the protectionism economists have warned about is not just an international issue. China's Ministry of Commerce has been quick to warn
      – Reuters  -  374 words
    • 681 12 -Bloomberg [MUMBAI] It's heartening to see Slumdog Millionaire tipped for so many Oscars this week all the more so because the movie has truly captured the essence of Mumbai, a manic and intoxicating city. Still, the film's success is coupled with brickbats from
      -Bloomberg  -  681 words
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  • FOCUS:CHINA ABROAD
    • 554 13 Reuters Concern over possible price and production manipulation [CANBERRA/SYDNEY] Australian unions want Chinese investments in the country's mining industry to be watched for signs of market manipulation as Bejing offers to invest billions of dollars to rescue ailing companies. China has emerged recently
      Reuters; BLOOMBERG  -  554 words
    • 568 13 Reuters [SINGAPORE] China, which triggered the biggest commodity price spike in a generation, is now making deals that could prevent another surge in the coming decade by helping finance new production during the low ebb of the cycle. While the deepening global recession
      Reuters  -  568 words
  • Page 13 Advertisements
    • 267 13 I 7 CULINARY WONDERS I Enjoy the luxury of choice with Global Kitchen's all-you-can-eat presentations. Experience seven culinary concepts with crisp salads, crustacean on ice, Asian mains, gourmet compositions, a la minute pasta, the carving station and a splendid dessert station set amidst a cosy ambience. For larger parties, opt
      267 words

  • WORLD
    • 561 14 US $125b talk by GM, Chrysler a ploy: analysts NYT High bankruptcy loan figures may be just a tactic to avoid filing [NEW YORK] Businesses filing for bankruptcy need loans to work out their troubles, or face liquidation. But General Motors and its smaller rival Chrysler have threatened that they
      NYT  -  561 words
    • 369 14 -AP CAR TROUBLES [BERLIN] German leaders are willing to help keep General Motors's Opel factories open, but have insisted that the car maker's GM Europe unit outline a long-term strategy that includes job security for thousands of workers in the country. German
      -AP; AP  -  369 words
    • 385 14 -AFP [CHICAGO] Even if General Motors (GM) and Chrysler obtain billions more in government loans, the threat of bankruptcy remains high for the troubled automakers, analysts warned on Wednesday. "Despite the extension of considerable emergency funding to GM and Chrysler and their finance
      -AFP; Chrysler; GM; Department of Treasury; Keefe, Bruyette and Woods; AP  -  385 words
    • 355 14 -NYT [BERLIN] Chancellor Angela Merkel's cabinet agreed on Wednesday to support a plan to give the government the right to seize control of a private bank whose failure would pose a risk to the stability of the financial system. The
      -NYT; AFP  -  355 words
    • 310 14 -NYT [NEW YORK] It is not just Wall Street executives who banked on receiving year-end bonuses to support their lifestyles when the economy was booming. A more muted form of the bonus culture extends across the US. Millions of Americans,
      -NYT |  -  310 words
    • 492 14 AP LATEST US DATA 0.8% rise was fuelled by petrol prices jumping 15% [WASHINGTON] Inflation at the wholesale level surged unexpectedly last month, reflecting sharply higher prices for petrol and other energy products. The Labor Department said yesterday that wholesale prices increased by
      AP  -  492 words
    • 513 15 -NYT.AP THE UNMASKING OF ALLEN STANFORD Accused banker has long extricated himself with just a rap over the knuckles until now [WASHINGTON] Years before the Stanford Group was accused in a worldwide fraud, American financial regulators found significant securities violations at the company
      -NYT.AP; AFP  -  513 words
    • 357 15 ■AP [WASHINGTON] Disgraced banker Allen Stanford's pitch to investors was equal parts glamour and flattery. By serving a select and wealthy clientele, employing top-flight talent and being "a privately held institution free to focus on our No. 1 priority, which is
      ■AP  -  357 words
    • 189 15 Bloomberg [SAN FRANCISCO] Hewlett-Packard Co, the world's largest personal-computer maker, reported sales that missed analysts' estimates and reduced its sales forecast for the year. The company is cutting salaries starting this quarter. Sales in the year ending in October will fall 2 per cent to
      – Bloomberg  -  189 words

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    • 3086 15 X^l^^>/ M. X^o^ -L kJ Toll free: 1800-289-8822* Email: notices@sph.com.sg» www.cats.com.sg In The Matter of IN THE MATTER OF I IN THE MATTER OF THE I The Companies Act, Cop. 50, THE COMPANIES ACT CAP SO COMPANIES ACT, CAP. 50 IN THE MATTER OF And ™E COMPANIES ACT, CAP. 50
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  • EDITORIAL & OPINION
    • 511 16 LOOKING at exchange rates alone, one could easily be forgiven for thinking that the US economy must be going great guns, while just about every other country's is down in the dumps. The reality is, of course, quite different. Five per cent losses per
      511 words
    • 1113 16  -  STANLEY LAI A four-pronged strategy may be considered to maximise ownership and exploitation By: THE financial fallout continues unabated. We struggle to contemplate where and when the global economy will see the worst, but this demands an exactitude of prescience that lies well
      AFP  -  1,113 words
    • 758 16  -  FRANK CHING THE BOTTOM LINE CHINA presented a report on human rights to the United Nations last week and, while its human rights record was widely praised by Third World countries, the government was clearly not happy that it was criticised
      758 words
    • 921 17  -  DENNIS POSADAS A steady growth market must appear, decoupled from the price of oil, to convince investors to lay down cash Byl hile climate change and renewable energy has crept into the popular consciousness in Asia, the commitment to it ebbs and flows
      REUTERS  -  921 words
    • 842 17  -  ALEX DOBUZINSKIS Reuters By AFTER more than a decade of hype about the Internet being the next great stage for mass entertainment, it remains dominated by amateurs with most Hollywood stars watching from the wings. Even as talent agencies like William Morris
      – Reuters  -  842 words


  • AVIATION/SHIPPING
    • 491 18  -  YEN SREENIVASAN But some regions have accident numbers that remain high By' [SINGAPORE] AVIATION fatalities dropped last year, but accident numbers in some regions such as Africa remain high, the International Air Transport Association (lata) said yesterday. There were 502 deaths last year, down
      AP  -  491 words
    • 255 18 Bloomberg [ATLANTA] Delta Air Lines Inc, the world's largest carrier, said 2,100 employees applied to take voluntary buyouts, exceeding its target in the latest round of cuts. The company will accept all of those who applied, Betsy Talton, a spokeswoman for Atlanta-based Delta,
      Bloomberg  -  255 words
    • 2558 18 AIRLINE CODES: AA: American Airlines (AAL), AF: Air France (AFR), AF Air India (AIC), AY: Finnair Oy (FIN), AZ: Alitalia Airlines (AZA), BA: British Airways Public Ltd Co (BAW), BG: Biman Bangladesh Airlines (BBC), Bl: Royal Brur- Airlines Sdn Bhd (RBA), BO: Bouraq Airlines (BOU), BR:
      2,558 words
    • 264 18  -  VINCENT WEE Eastbound hike set for March 15, westbound April 1 By [SINGAPORE] NEPTUNE Orient Lines container unit APL has lifted freight rates in the Asia-Europe trade, reversing the slide of recent months and following the lead of Mitsui
      264 words
    • 443 18 -AP [SEATTLE] Freezing wages and eliminating bonuses to avoid layoffs would be counterproductive for the Boeing Co and other big employers, the aerospace company's chief executive says. In an e-mail on Tuesday to Boeing employees, printed in full on the
      -AP  -  443 words
    • TRANSPORT STOCKS
      • 101 18 '000 CH Offshore Chuan Hup Hldgs Cosco Corp CWTLtd Ezra Hldgs First Ship Lease Freight Links Grand Banks laya Hold Ltd KiVentures Keppel Corp MTQCorp NOL Pacific Shipping Pan-United Corp Rickmers Mari Samudera Ship Sembcorp Indust Sembcorp Marine Spore Ship 0.26 0.17 0.81 0.30 0.62 0.39 0.04 0.63 0.28
        101 words
      • 30 18 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd 0.53 8.55 8.55 2.76 2.50 0.02 -0.01 unch 0.05 0.01 unch unch 1! 46) 721 102; 2(
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      • 12 18 '00 'recious Ship Regional Cont 12.50 6.50 -0.10 -0.10 490; 1201
        12 words
      • 6 18 '000 toil .17.86 -0.14 76'
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      • 25 18 '000 19 Peso Vol Aboitiz Equity Intl Container Keppel Marine Keppel Prop 6.20 11.25 2.04 unch -0.20 0.25 -0.08 unch 882 1519 25 0
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      • 19 18 Evergreen Marine ...13.35 :irst Steamship 34.70 /Van Hai Lines 13.70 t'ang Ming Marine 9.20 0.10 1.05 0.15 0.10
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      • 38 18 '000 'en :awasaki Hvy Ind ..170.00 6.00 1311; :awasaki Kisen 347.00 1.00 824; /litsubishi Hvy 280.00 -11.00 5230; /litsui Eng&Sbldg...148.00 4.00 584( /litsui OsR Lines 516.00 -12.00 3113' lippon Express 298.00 4.00 334( lipponYusen 425.00 -8.00 8471
        38 words
  • Page 18 Advertisements
    • 64 18 1 j|ii% ASIAN SHIPPING and WORK BOAT EXHIBITION MmumwmmM 3 itllllF HALL 401 SUNTEC SINGAPORE 'l ship and boat builders engine/propulsion system manufaqurers H I^s? wi juiiilv jiiiwmi viil COUNTLESS MARINE EQUIPMENT AND SERVICE SUPPLIERS February 24 26, 2009 j B ut, with so much to see, one visit surely
      64 words

  • SINGAPORE STOCKS
    • 8583 19 Transaction date: Feb 19 52-wks Tel High Low Code Last Sale Vol Day Last Quote Div Gr Yld Net ('000) High Low Buyer Seller C'vr P/E MCap $mil Company 9 3 3148 8Telecom 12 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 30.5 12 5000 ABRHIdgs 19
      8,583 words
    • 1787 20 STOCK PRICES LEGEND: Straits Times Index Stocks; s Catalist Non-Sponsored; t Catalist; N Net or Tax-exempted dividend; ct Conditional Trdg; xd ex-dividend cd cum dividend; cri cum right issue cbi cum bonus issue; xri ex-right issue; xbi ex-bonus issue xall ex-all; cdxa cum dividend ex-all co cum offer
      1,787 words
    • 84 20 Hi< Low Code Com Sale 'OOP) Hi< Low Seller C'vr P/E >mil DBXT FTChina25 1OUS$ 931 872 DBXT MSTaiwan 1OUS$ DBXT Nifty 1OUS$ DBXT S&P Short 1OUS$ ***** ***** 606S Diamonds 6200 6200 609S IS DJ US Tech 6097 IS MSCI Spore 6101 ISS&P500 ***** ***** 6170 SPDRS
      84 words
    • 78 20 Hii 52-Wk Tel |h Low Code Last Sale Vol COOQ) Hii lay L Low Bui .ast yer Juote Seller Div C'vr Net P/E /ICap Sinil Comi >an' 86.5 29.5 6000 AVJennings 11 4 6134 Over&Gen 25 6 6017 StarCruises 248 103 6019 TanChonglnt A35 A8 USS HK103 -3
      78 words
    • 9504 20 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced FundlS 1.406/ AIGIF Spore Bond Fund/ A 1.205/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.63/ APS Alpha Fund (USD)!** 0.41/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5677/ APS Komaba
      9,504 words
  • Page 19 Advertisements
    • 37 19 B£^, fSfea NEW ROYAL OAK IN EXCELLENT SHAPE Sole Distributor Service Centre: AUDEMARS PIGUET (SINGAPORE) PRIVATE LIMITED B B j ~J 341 River Valley Road #01-01 Singapore *****2 Tel: 6238 6678 Fax: 6238 6676 Internet: Http://www.audemarspiguet.com i
      37 words


  • FINANCE & COMMODITIES
    • 368 21 In local curr In S$ In US$ dy yr dy yr dy yr Index Change Change Change Change Change Change Feb18 World Index Preliminary 602.8 0.0 -11.1 -0.2 -8.3 -0.3 -13.7 EAFE Preliminai 579.7 -0.5 -10.7 -1.0 -10.9 -1.1 -16.1 Euroi Prelim inan 818.2 -0.3
      368 words
    • 130 21 As at 9am Feb 19 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9680 1.0000 dollar 1.2070 1.2220 Euro 1.9120 1.9360 NZ dollar 0.7750 0.7940 iterlini ind 2.1680 2.1940 US dollar 1.5210 1.5380 Local dollars to 100 units of foreign currency:
      130 words
    • 152 21 Feb 19 Xterniqht 1/16 -month 7/16 -months 9/16 l-months 11/16 Overnight mode: 5/16 IS$ Offer PAR 3/16 5/16 7/16 BJd 1 days I month I months months d months months I I. (All 0.40 0.60 1.10 1.50 1.90 2.30 2.50 Offer 0.30 0.50 0.90 1.20 1.60 1.90 2.10
      152 words
    • 25 21 Feb 19 ten Hii Sett >TI ilMSCI Feb 199.5 199.6 198.0 'aiwan Feb 169.8 173.6 171.5 Source: MF Global (S) He. Ltd
      25 words
    • 22 21 Feb 19 S! Bid Offer 1-month 1.5289 1.5300 2-months 1.5284 1.5296 3-months 1.5278 1.5292 6-months 1.5267 1.5281 Source: OCBC
      22 words
    • 358 21 Feb 19 Delivery Month Opening Range Sett Av Price Price Hi Low Vol Open Done Position MarO9 1882 1889 1916 1857 1206 6255 Apr 09 1874 1875 1901 1842 2286 ***** May 09 1855 1860 1894 1830 ***** ***** JunO9 1858 1859 1888 1825 3677 5679 Total o/p:
      358 words
    • 169 21 Feb 19 (UBBtK Futures (Closing prices) !SS 3 (US cents/kg) /lonth High Low Close Sett Volume (lots) O/l lots) VlarO9 147.0 \prO9 145.8 VlayO9 146.8 lunO9 147.8 ul 09 141.0 \ugO9 141.0 141.5 142.0 146.7 147.7 140.0 141.0 141.5 142.0 142.5 143.0 142.0 141.0 190 53 8 8
      169 words
    • 87 21 Feb 19 Period Issue code Maturity Yesterday's Bid Hi< Day's |h Low 3-Month BQ*****T 21.05.09 1-Year BY*****V 02.11.09 0.24 0.36 0.15 0.15 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N5O61OOE 3.125 5-Year NX*****Z 2.250 7-Year N*****0S 2.875 10-Year NY*****A 4.000 15-Year
      87 words
    • 103 21 Feb 18 (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Mar 09 887.50 903.00 909.75 885.25 May 09 886.50 904.50 909.25 884.25 Jul 09 890.75 908.00 912.75 888.75 Aug 09 882.00 898.50 900.75 880.50 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 09 30.42 31.15 31.29 30.40
      103 words
    • 75 21 CRUDE OIL PRODUCTS Feb 18 origin^ t/barrel Close Cham irent blend (1-Mth F) 40.10 -1.48 VTI (Near Mth) 34.55 -0.41 iubai (1-Mth F) 41.08 -2.14 "apis blend 45.40 -2.45 i/linas 42.70 -2.30 >RODUCT JS$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 45.10 50.05 -1.62 -2.70 US$/barrel )pec Oil Basket Price
      75 words
    • 461 21 Feb 19 AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso SS Rand Sfr NTS Baht Pound us: lustralia 0.809 4.407 0.512 4.999 32.084 77.197 0.603 9.587 2.363 1.256 51.475 30.921 0.986 6.489 0.758 22.346 22.914 0.449 0.645 Canada 1.236 5.449 0.633 6.180 39.665
      461 words
    • 68 21 Feb 19 (US$) (SS) 0.***** 0.***** 1 mth 2 mths 0.***** 0.***** 3 mths 1.***** 0.***** 6 mths 1.***** 0.***** 9 mths 1.***** 0.***** 12 mths 2.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 1.***** Imths ]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]i***** 2mths 1.***** iWAP Mid rates (S$)
      68 words
    • 147 21 Feb 19 Zurrencies Bid Offer Bid Offer >$/US$ to one unit of foreign currency: Australian dollar 0.9856 0.9864 0.6446 0.6447 Canadian dollar 1.2184 1.2195 0.7969 0.7971 luro 1.9262 1.9281 1.2598 1.2602 IZ dollar 0.7847 0.7860 0.5132 0.5137 Sterlinc 2.1927 2.1946 1.4341 1.4344 IS dollar 1.5290 1.5300 >$IUS$
      147 words
    • 139 21 Feb 19 GOLD (USS/oz) Feb 19 Feb 18 Hong Kong London 968.30 965.90 969.30 966.90 Feb 18 Feb 17 971.40 968.80 973.40 970.80 Source: Thomson Reuters CAST BAR (S$) Feb 19 Buying Sellini Kilobar "51,254.07" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 5gm 10gm 20gm 50gm 100gm
      139 words
    • 69 21 Feb 18 ,luminium, 99.7% urity (US$/tonne) Close Previous Cash 1299.75 3 months 1336.00 1293.50 1330.00 Copper, Grade A (US$/tonne) Cash 3 months 3196.50 3235.00 3145.75 3185.00 Lead (US$/tonne) Cash 3 months 1056.50 1067.00 1099.75 1109.00 Nickel (US$/tonne) Cash 3 months 9622.00 9700.00 9822.00 9900.00 Tin (US$/tonne) Cash *****.00
      69 words
    • 71 21 Feb 18 COCOA (Btonne) Close Prev Hii ih/Low Mar 09 1900 2693 1937/1869 May 09 1872 2639 1915/1842 Jul 09 1864 2630 1896/1835 SepO9 1854 2617 1885/1826 COFFEE (US$/tonne) Close Pev High/Low Mar 09 1566 1572 1588/1564 May 09 1573 1583 1598/1572 SUGAR (US tonne) White Close Prev High/Low
      71 words
    • 2299 21 BONDS WARRANTS Tel Code Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Prem Expiry Disc Gear- Mths ing Left 2058 Advance Modules Grp W*****3 6 susp 2036AdvanceSCTLtdW*****9 0.5 1 17 156 1.50 1 87 1358 12.00 42 18 9092 Asia Environment W*****4 0.5 1 38 235 23.00 6
      2,299 words

  • Page 22 Advertisements
    • 2617 22 m The Business Times Shipping Times I WAN HAI INTERNATIONAL PTE LTD UEN: *****4695 M P^^ StIfIHBBBM B IVxKl\ IAIALVI UAI I I LIFT TEL:*****588 (14 LINES) FAX:*****163 P^^2pfl| IKllljjJg^^^jgg^jjjllJl^^l^^gljl I V\^^a WAN HAI INt J FKL TEL: <03| *****888 FAX: (03| *****283 PEN TEL: <04) *****00 FAX: (04)*****99 I^^™
      2,617 words

  • Page 23 Advertisements
    • 3192 23 F^l ll~in\ EASTERN CAR LINER, LTD SJiJJ r////r |f- ~—i SPECIALIZE IN RORO HEAVY LIFT UPTO 450 TONS WEEKLY EXPRESS SAILING SCHEDULE I I GOLD MENAM 91 40 122 23/02 25/02 28/02 ALSO ACCEPTING CONTAINERS TO ALL NORTHERN AND WESTERN INDIAN ICD POINTS ff>f f I LUNA AZUL 93 35
      3,192 words


  • Page 25 Advertisements
  • Page 25 Miscellaneous
    • 551 25 Point of no return HAVE you ever got to a point in your life A where all the hurt, frustration, anger, fcaL' Ig disappointment and weariness r^jj culminated to a point of being \—a I^r\' overwhelmingly unbearable? Past \^^m-r i I@^W Caring, a poem written by Henry igfflfeg.^ Hfe'*" Lawson,
      551 words

  • Page 26 Miscellaneous
    • 329 26 CRYPTIC CROSSWORD 1 Its occupant doesn't stand for revolution (6,5) 9 Bound to go on the wagon WB WB WB WB VH 10 It sounds like the height of ir- j^H ritation (5) _HM__HH_M H_BH_BH_BB_ 12 What gun-runners take part H^B^HI in? (4,4) 18 Aggrieved rep quits, a wise- !~i
      329 words

  • Page 27 Advertisements
    • 524 27 Calling all our loyal customers. GRAND g\ |U M A i lii Come join us at our 30th Birthday MPJ^ Jl L^H I [II m 1&^ Celebration! lwlEl9#m 1% lj %<AMf j Enjoy our Real Deals at a steal travel L^U—E-J /PffiUn/!? fc only on this Sunday! 22 Feb 09
      524 words

  • executive lifestyle
    • Article, Illustration
      1621 28 Slowly but surely, Singapore is moving up the rungs of the world glamour ladder, writes MELISSA LWEE SINGAPORE may well have earned its place as one of the most globalised cities in the world, but what is less well known is that it is slowly inching its way
      1,621 words
    • ARTS
      • 710 24 If visual landscapes were a sign of the times, what would you see? EMILYN ANG finds out ANDSCAPES are often a British thing. William Turner and John Constable's "airy visions painted with tinted steam" presented a romantic, panoramic sweep of the English countryside in the 18th
        710 words
      • 924 24  -  AMANDA DE GUZMAN By. WHEN two productions of the same play are staged one after the other, you would expect rivalry to ensue. But this is not quite the case with Buds Theatre Company and Wild Rice, which have chosen to release their versions of
        924 words
      • 512 24  -  AMANDA DE GUZMAN By j AS you might expect with avant-garde material, Story of a Rabbit is not a tale about a furry bunny. It's a highly interactive multimedia meditation on life, death and memory that features live music and live tea more on
        512 words
      • 512 24  -  MADHVI SUBRAHMANIAN By ARTISTS generally like to provoke the viewers with their art and mould or guide their thought process. But Sohan Qadri would rather "arrest" their thought process, allowing for entry into meditation. Qadri is not only an artist but also a poet and
        512 words
    • BOOKS/WINE/ARTS
      • 718 25 Several Oscar contenders take a leaf from well-known books, says UMA SHANKARI LITERATURE lovers will be familiar with many of the titles in the running for an Oscar when they tune in to the awards ceremony on Monday. Several of the films in
        718 words
      • 1050 25  -  N KYONG Byl THE beginning of this lunar year of the Ox seems to have been a particularly rich time for memorable wines. Two weeks ago I reported on three memorable 1961s Chateau Latour, Chateau Petrus and Hermitage La Chapelle, Jaboulet. This week, a more esoteric
        1,050 words
    • MOVIES
      • 894 26 All indications are that the most celebrated movie at the Oscars this weekend will be Slumdog Millionaire, says GEOFFREY EU GIVEN the way one movie has crushed the competition on its way to the winner's podium during this current awards season, it would be
        REUTERS  -  894 words
      • 519 26  -  GEOFFREY EU Byl HE'S Just Not That Into You, the latest in a series of self-help movies disguised as romantic comedy and targeting relationship-chal-lenged females in their mid-20s and beyond, dispenses nuggets of wisdom such as, "If a guy acts like a jerk, that means
        519 words
      • 451 26  -  AMANDA DE GUZMAN By ACCLAIMED director Chen Kaige follows his unconventional 2007 effort The Promise with a thoroughly traditional biopic of legendary Peking Opera artist Mci Lanfang. Produced with the blessings and input of Mei's family, it is an elegant and sympathetic portrait of a man whose
        451 words
      • 481 26  -  CHRISTOPHER LIM DVD REVIEW By YOU usually know what you're in for when you watch a Donnie Yen movie some of the best kung fu choreography on screen, but precious little plot or acting. Forget Jet Li or Jackie Chan, because Yen has them all
        481 words
    • MUSIC/GAMING
      • 594 27 CD REVIEW CHRISTOPHER LIM ponders four new attempts at crafting a basic rock record Cosmic Universal Fashion Sammy Hagar Roadrunner Rating: C Working On A Dream Bruce Springsteen Columbia Rating: B The Fray The Fray Epic Rating: B Slipway Fires Razorlight Mercury
        594 words
      • 433 27  -  CHRISTOPHER LIM By COMPUTER games are constantly challenging the notion that you can't get too much of a good thing. Ninjas are cool, right? Well yes, fictional ninjas romanticised in movies are extremely cool, as opposed to the far more dubious historical ones.
        433 words
      • 550 27  -  CHRISTOPHER LIM By1 IF YOU thought you had to travel abroad to hear valuable antique instruments played in concert, you would be close to the truth but ultimately mistaken. Classical music fans from around the region will actually be flying to Singapore next Wednesday
        550 words
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  • Page 28 Miscellaneous