The Business Times, 6 March 2009
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2009-03-06
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The Business Times
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Title Section20 2009-03-06 1 THE BUSINESS TIMES Ssl.oo online at http://www.businesstimes.com.sg mm A SINGAPORE PRESS HOLDINGS PUBLICATION COREGNNOI9B4O2B6BE MICA (P) 197/08/2008 Friday, March 6,200920 words
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880 2009-03-06 1 CONRAD TAN - CONRAD TAN Spore banks close the gap with international icons, but may have further to fall By [SINGAPORE] What a difference a year makes. The market value of banks worldwide has plunged sharply since the worst of the financial crisis began,880 words
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Article139 2009-03-06 1 Bloomberg, Forbes.com ICBC China Construction Bank Bank of China JPMorgan HSBC Mitsubishi UFJ Financial Grp Banco Santander Wells Fargo Bank of Communications Royal Bank of Canada China Merchants Bank BNPParibas Toronto-Dominion Bank Sumitomo Mitsui Financial Grp Bank of America Bank of Nova Scotia Credit Agricole Standard Chartered SocieteBloomberg, Forbes.com - 139 words
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677 2009-03-06 1 ANTHONY ROWLEY - ANTHONY ROWLEY Wen's promise cheers markets as China plans to create 9m new jobs By CHINESE Premier Wen Jiabao lit a beacon of hope around the world yesterday by promising that China would do all it takes to achieve its growth target677 words
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Page 1 Advertisements
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Advertisement72 2009-03-06 1 BT WEEKEND FARE London Bridge may not be falling down, but the pound is, and there's no better time than now to take advantage of the favourable exchange rate and rediscover a city that never fails to excite the senses. Read about it in BT Weekend's Travel pages, brought to72 words
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Page 1 Miscellaneous
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Miscellaneous43 2009-03-06 1 PHILANTHROPY P^M^Ml^V ifff MWFP EXECUTIVE LIFESTYLE GENERAL Singaporeans get on IfIAM Young design mavericks MOTORS Forbes Asia list m_'-^i l-.;^lCi iP^ ~*&m »'s.':- turned entrepreneurs Survival in grave A new index to track companies' financial transparency, internal governance and investor relations page 643 words
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TOP STORIES
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444 2009-03-06 2 OH BOON PING - OH BOON PING SMEs are biggest gainers as squeeze starts to ease, but hard times lie ahead By [SINGAPORE] The number of government-backed loan approvals jumped to 729 last month a 77 per cent increase over January and almost tripling last444 words
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Article, Illustration424 2009-03-06 2 AFP, AP, Bloomberg Inability to generate cash flow to meet obligations cited [WASHINGTON] Auditors for General Motors have voiced "substantial doubt" about the struggling carmaker's ability to stay afloat, even as it reported that it paid its chief executive officer US$5.4 million last year.– AFP, AP, Bloomberg; AP - 424 words
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THREE-MINUTE DIGEST
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85 2009-03-06 2 WHAT a difference a year makes. The market value of banks worldwide has plunged sharply since the worst of the financial crisis began, though most Asian banks have so far suffered less severe falls than their counterparts in the US and85 words
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72 2009-03-06 2 CHINESE Premier Wen Jiabao lit a beacon of hope around the world yesterday by promising that China would do all it takes to achieve its growth target of 8 per cent this year with a programme of massive government spending and employment72 words
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73 2009-03-06 2 THE number of government-backed loan approvals jumped to 729 last month a 77 per cent increase over January and almost tripling last year's monthly average of 250 loans, latest figures show. According to Spring Singapore, the total loan amount in February was73 words
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68 2009-03-06 2 MAYBANK has fired the first salvo in what is likely to become the 2009 home loan refinancing war, as new property transactions slow down and banks try to poach one another's customers to boost their mortgage books. The bank yesterday announced a68 words
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89 2009-03-06 2 i OCBC'S tier 2 capital the second most reliable form of financial capital for a bank will rise through an offer to swap bonds due in 2011 for new bonds that mature in 2019. The new 2019 notes pay interest89 words
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41 2009-03-06 2 HONGKONG Land Holdings yesterday reported a net loss of US$lO9 million for 2008, after taking into account revaluation of its properties, compared with a profit of US$2.B4 billion for 2007. COMPANY NEWS, PAGE 441 words
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73 2009-03-06 2 FOUR out of five professional workers in Singapore look forward to a foreign posting during their career more than in many other countries, according to an international poll. Commissioned by London-based recruitment firm Alexander Mann Solutions, the poll found that professionals here73 words
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95 2009-03-06 2 MALAYSIA has indicated that RMIO billion (Ss4.l billion) would be allocated for its second stimulus package to be unveiled next week, with half of the funds earmarked for development and the balance for operations. Details of the mini-budget as it is being95 words
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469 2009-03-06 2 Bloomberg, AFP, Reuters [FRANKFURT] The European Central Bank (ECB) and the Bank of England (BOE) yesterday cut interest rates to a record low in an attempt to stem the worst recession since World War 11. ECB officials meeting in Frankfurt reduced theBloomberg,; ', AFP,; ', Reuters - 469 words
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Article, Illustration700 2009-03-06 3 TEH SHI NING - TEH SHI NING Most notable is Melissa Kwee, with her plans to hire migrant workers By [SINGAPORE] Melissa Kwee, daughter of hotel and property tycoon Kwee Liong Tek, was featured in the latest issue of Forbes Asia for her pilot programme700 words
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434 2009-03-06 3 BRITTANY KHOO - BRITTANY KHOO By [SINGAPORE] Maybank has fired the first salvo in what is likely to become the 2009 home loan refinancing war, as new property transactions slow down and banks try to poach one another's customers to boost their mortgage books. The434 words
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257 2009-03-06 3 -AP,. NYT [WASHINGTON] Debtstrapped homeowners unable to afford their mortgages could get their monthly payments lowered in bankruptcy court under a controversial element of President Barack Obama's housing rescue plan. The legislation is part of a broader housing package that was scheduled for-AP,.; NYT - 257 words
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Page 2 Advertisements
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Advertisement103 2009-03-06 2 2009 COLLECTION SOPRANO Natuzzi, the leading Italian furniture company, has fashioned its new collection. Create Italian atmosphere in 3-seater sofa available in leather and your home with sofas and armchairs covered in prestigious leathers and original fabrics, all designed and fabric, Boiserie, Drops central table, made in Italy to maximize103 words
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Advertisement11 2009-03-06 2 GOOD Audi Look out for your Audi A 6 insert today!11 words
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Advertisement125 2009-03-06 3 m Kb. PR Executive A public relations w| ,-ws. m Jf n >* executive who combines strategy r ft *^^^P w' t'l crea*ivity and inspires T?^ innovative brand building would *^S -.P De able to fire the imagination w j^^Jr A W °^our next 9eneration. .^^^.^^J Lawyer A legal eagle125 words
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COMPANY NEWS
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Article, Illustration594 2009-03-06 4 HONGKONG Land Holdings yesterday reported a net loss of US$lO9 million for 2008, after taking into account revaluation of its properties, compared with a profit of US$2.B4 billion for 2007. Loss per share came to 4.79 US cents for 2008, against earnings perFILE PHOTO - 594 words
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541 2009-03-06 4 NISHA RAMCHANDANI - NISHA RAMCHANDANI Investors get new 2019 notes that are callable, with 5.6% interest per annum By OCBC'S Tier 2 capital the second most reliable form of financial capital for a bank will rise through an offer to swap bonds due in541 words
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Article, Illustration383 2009-03-06 4 LYNETTE KHOO - LYNETTE KHOO By BEAUTY China chairman and founder Wong Hon Wai still owes $800,000 after the forced sale of his mortgaged shares on Tuesday and Wednesday that cut his stake in the company to 32.28 per cent. And this outstanding amount could be settled383 words
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489 2009-03-06 4 ARTHUR SIM - ARTHUR SIM By THE revelation that the economy could shrink a shocking 10 per cent this year could be just the news that some investors have been waiting for. Citing poor economic data manufacturing and non-oil domestic exports have fallen by around489 words
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Article, Illustration496 2009-03-06 5 JOYCE HOOI - JOYCE HOOI Seminar speaker urges Catalist executives to temper expectations By THE days of mega buyouts and soaring valuations are over, and companies looking to be acquired need to be realistic, according to industry insiders. "The scenario of a lot of funds buying outFILE PHOTO - 496 words
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MARKETS DIGEST
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Article46 2009-03-06 5 lursi lay lange 1COMP 869.24 +2.31 IIKKEI225 7,433.49 +142.53 1ANG SENG 12,211.24 -119.91 ;et index 417.11 -0.75 JAKARTA COM P 1,288.07 -1.31 IANILACOMP 1,924.30 +38.38 ;eoulcomp 1,058.18 -1.08 ;henzhen b 316.43 +1.26 IUMBAI IND 8,197.92 -248.57 10:30AM EST Cham )OW 6,734.70 -141.14 IASDAQ 1,328.27 -25.4746 words
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Article29 2009-03-06 5 Bloomberg SINGAPORE 5.38 MALAYSIA 5.62 HONG KONG 5.00 INDONESIA 16.758 TAIWAN 4.826 JAPAN 1.475 KOREA 9.33 BRITAIN 1.00 US 3.25 CANADA 2.50 SWITZERLAND 0.52 INDIA 12.25 Source:Bloomberg - 29 words
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Article42 2009-03-06 5 IS$ (S$ per US$) 1.551 (US$/S$ per 1.417 2.199 ;URO (US$/S$/E) 1.261 1.956 Foreign currency per US$ S$ 'EN 99.60 64.20 3.728 2.403 IK$ 7.759 5.001 !AHT 36.13 23.29 lUPIAH 12,025 7,750 lENMINBI 6.841 4.409 INDIAN RUPEE 51.80 33.38 1.553 1.00142 words
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350 2009-03-06 5 NISHA RAMCHANDANI - NISHA RAMCHANDANI By THAI Beverage Public yesterday debunked notions that it would delist from the Singapore Exchange (SGX) if it achieved a listing in Thailand. Thailand's biggest brewer and distiller also said it has no current plan to seek a listing in Bangkok350 words
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Article, Illustration499 2009-03-06 5 DAIRY Farm International Holdings, a pan-Asian retail group and part of the Jardine group, saw net profit rise 29 per cent to US$333 million in 2008 from a year ago. Total sales increased 13 per cent to US$7.7 billion, while earnings per499 words
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307 2009-03-06 7 r UMA SHANKARI - r UMA SHANKARI Group books gain of Ass.4m from second sale of its hotels in Australia By TUAN Sing Holdings' 50 per cent-owned Australian unit Grand Hotel Group has sold its five-star Hyatt Regency Adelaide hotel to TCC Land a company controlled307 words
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COMPANY BRIEFS
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72 2009-03-06 7 Bloomberg MANDARIN Oriental International Ltd, an operator of luxury hotels, said profit fell 38 per cent last year after it didn't repeat gains from asset sales and fewer tourists stayed at its properties amid the global recession. Net income for the 12 months ended DecBloomberg - 72 words
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72 2009-03-06 7 EZRA Holdings said that Casadilla Group Pte Ltd, a 50-50 joint venture company with KS Energy Services, has obtained a final adjustment of the full sum assured from the insurers for the loss of its boat KS Titan 1. The total insurance compensation will be72 words
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249 2009-03-06 7 SINO-Environment Technology Group has advised shareholders and investors to exercise extreme caution when trading in the company's shares, given that its controlling shareholder, Thumb (China) Holdings Group (TCH), is in default of certain financing obligations. Investment holding company TCH formerly known as Sino Fortune Union Investment249 words
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Article, Illustration473 2009-03-06 7 Bloomberg [HONG KONG] Hong Kong billionaire Joseph Lav, who purchased shares in PCCW Ltd after a buyout for the phone company, said yesterday that he is not being investigated by the city's stock market regulator in its probe of the HK515.93 billion (553.2Bloomberg; AFP - 473 words
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Advertisement111 2009-03-06 4 SSSSggffiuj«s 111 Gefy° Uf GLOBAL WEDICftL w CO p y f rom gny PEOPLE T( lJ l ....ijirH1 4 i'-'--T J How resilient is our healthcare sector? Pulses gets you on the beat of Singapore's medical scene in the March issue, out in stores now. In this issue, we also111 words
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Advertisement112 2009-03-06 4 ib DUOYUNXUAN U -JF A AUCTIONS CO LTD COLLECTION OF CONSIGNMENT FOR 2009 SPRING AUCTION LOONG HUA ARTS CRAFTS PTE LTD CASH PURCHASE OF CHINESE PAINTINGS |g|f^f^f^H We welcome all collectors who IP^lf wish to consign sell their Chinese s^Wfc- paintings calligraphy. On-site TJHPnii' >i!si visits may be arran 9ed112 words
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Advertisement18 2009-03-06 4 Lianhe Zaobao I I Why is CEO I of Internet portal Netease planning a sideline pig farming? I18 words
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Page 5 Advertisements
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Advertisement67 2009-03-06 5 M fcu /ma pf /1 SUBARU HUB 19 LORONG 8 TDA PAY OH, TEL: 8417 0300 authorised dealer: car times automobile pte ltd mOtDfUnaBB J #01-04, AUTOMOBILE MEGAMART, TEL: 8555 5111 g" N""7s; cHonG SUBARU LENG KEE 25 LENG KEE ROAD, TEL: 6475 5333 west coast car mart, lot 17.67 words
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GOVERNANCE & TRANSPARENCY INDEX
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Article, Illustration2483 2009-03-06 6 How do you track companies' financial transparency, internal governance and investor relations all with one index? EMILYN YAP reports on the new Governance and Transparency Index which will do just that AN "F" word has made investors all jumpy and riled up these daysYEN MENG JIIN - 2,483 words
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Page 7 Advertisements
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Advertisement21 2009-03-06 7 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.21 words
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Advertisement951 2009-03-06 7 Cap/taLand Rights Issue Splitting and trading of nil-paid Rights end at 5.00 p.m. today Subscription for Rights Shares closes on 12 March 2009 Capita Land Limited is undertaking a renounceable and fully underwritten Rights Issue of up to 1,415,839,907 Rights Shares at the issue price of 551.30 per Rights Share951 words
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SINGAPORE MARKETS
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Article, Illustration599 2009-03-06 8 R SIVANITHY - R SIVANITHY STOCKS Citi says the market is now in uncharted territory, with the worst-ever recession in Singapore's history looming CAN the Straits Times Index (STI) hold on to the 1,500 level? Or will the relentless, Wall Street-inspired selling drag it below?:: Bloomberg - 599 words
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Article93 2009-03-06 8 Up Down Unch Up Down Unch Up Down Unch lulti Ind 2 7 5 0 0 0 2 7 5 lanufacturini 40 48 51 11 41 55 62 Commerce 15 17 16 16 23 17 'pt/Stor/Comms 20 20 :inance 11 19 11 19 Construction 13 14 'roperties93 words
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Article110 2009-03-06 8 MAIN SDQ TOTAL MAIN SDQ TOTAL lulti Ind 14,389 14,389 44,747 44,747 lanufacturing 274,152 8,008 282,160 138,200 470 138,670 lommerce 78,092 7,426 85,518 49,177 878 50,055 'pt/Stor/Comms 89,389 4,487 93,876 145,036 179 145,215 :i nance 30,572 30,572 176,046 176,046 lonstruction 11,585 1,278 12,863 761 16 777 'roperties110 words
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Article114 2009-03-06 8 tod name lose lam lapitaLand 1.890 -0.060 lapitaMall 1.070 +0.010 lityDev 4.270 -0.240 losco Corp 0.725 -0.020 IBS Grp 7.040 -0.150 :&N 2.010 -0.030 Sent Intl 0.420 -0.005 iolden Agri 0.285 -0.005 IK Land 1.840 -0.030 IMH 16.800 +0.540 ISH 8.900 +0.100 lardineC&C 8.770 -0.090 Ceppel114 words
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Article960 2009-03-06 8 JOYCE HOOI - JOYCE HOOI Singapore Petroleum Company March 5 close: $2.40 DBS GROUP RESEARCH, March 5 TEMPORARY refining capacity cutback and recovered petrol demand had driven petrol crack spread to an exceptionally strong level (peaked at US$2O), while middle distillate (jet fuel and diesel) crack spread fell to alarming levels960 words
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Article, Illustration525 2009-03-06 8 LARRY WEE - LARRY WEE CURRENCIES WALL Street reversed course on Wednesday night despite worries about another ugly US jobs number later this evening, thanks to news of more Federal help for troubled US home loan borrowers and the prospect of a better-looking 2009 growth for China.: Reuters - 525 words
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Article62 2009-03-06 8 Mar 5 VALUE CLOSE IT OB/OS -741.00 -44.00 IT CADI -*****.00-105.00 IT 10-day MA -*****.00 -74.00 TSE ST Mid Cap 308.85 -3.84 TSE ST Small Cap 248.50 -3.28 TSE ST All Share 363.74 -5.82 TSE ST China Top 146.95 -3.29 TSE ST China 142.80 -2.75 IOB Catalist62 words
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Article61 2009-03-06 8 VOLUME Golden Agri 102,042,000 China Hongxing 62,068,000 Capita Land 37,734,000 Synear 36,252,000 Capitaland R 33,149,000 Sing Tel 27,652,000 Noble Grp 20,673,000 Gems TV 20,463,000 Yanlord 17,910,000 NOL 17,674,000 VALUE(S) Capita Land 72,794,015 Sing Tel 70,213,423 DBS Grp 60,626,896 UOB 59,156,170 Wilmar 39,156,417 OCBC Bk 32,644,100 Keppel Corp61 words
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Article102 2009-03-06 8 CLOSE UP 1680 83.7 IMH 3.3 iBXT MSTaiwan 10US$ 896 43.4 3.2 ICBCC. :.93%Pref10 7530 30.0 0.. I seta n 293 23.0 8. ISH 890 15.5 1.1 Asia 10US$ 218 12.4 3.: Cmdfr 10US$ 205 10.9 3. >sia Pac Brew 910 10.0 1.1 iBS.ES.0903 720 10.0 1.. ICBCC 5.1%NCPS102 words
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Article112 2009-03-06 8 CLOSE DOWN lUE 903 -97.0 -9.7 LP 10US$ 8964 -65.1 -0.5 Venture Con 443 -37.0 -7.7 lit oES.0903 430 -32.0 -6.9 I A 986 -28.0 -2.8 lit 427 -24.0 -5.3 ilA 200 985 -21.0 -2.1 ICBC Bk4.5%NCPS 100 8120 -20.0 -0.2 iTXPO 100 757 -20.0 -2.6 China H 10US$112 words
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Article85 2009-03-06 8 Where S! stands Mar 5 CHNG CLOSE FRMari YR 2008/2009 S$ LOW S$ HIGH uss 1.5522 0.01 1.5579 1.3457 Euro 1.9513 -0.33 2.2064 1.8640 Pounds 2.1999 -0.86 2.8431 2.0356 AS 0.9967 -0.58 1.3251 0.9068 Yen* 1.5606 0.24 1.7278 1.2619 Rupiah* 0.***** 0.01 0.***** 0.***** Baht* 4.2890 0.23 4.4299 4.019085 words
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SINGAPORE NEWS
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549 2009-03-06 9 CHUANG PECK MING - CHUANG PECK MING Seen as good career move but only 2 out of 5 workers got it in the past 3 years By< FOUR out of five professional workers in Singapore look forward to a foreign posting during their career more than549 words
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269 2009-03-06 9 ZEINAB YUSUF - ZEINAB YUSUF By THE Supreme Court will open its doors to the public next weekend March 14 and 15 to help people better understand Singapore's legal system. There will be exhibitions, enactments of court proceedings and free legal talks and clinics, says senior assistant269 words
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227 2009-03-06 9 THE digital media industry is set to get another boost from the government. Media Development Authority (MDA) chairman Tarn Chin Nam said yesterday the Interactive Digital Media Research and Development Programme Office a multi-agency office hosted by MDA wiU offer $7.5 million of227 words
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486 2009-03-06 9 CHEWXIANG - CHEWXIANG Directors are mainly top foreign lawyers, led by Australian By THE new board of directors at the Singapore International Arbitration Centre composed mainly of top foreign lawyers should help it become "a truly international organisation", according to Michael Pryles, its incoming486 words
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261 2009-03-06 9 LIEWAIQING - LIEWAIQING By MARINA Bay Sands yesterday announced the second phase of its joint recruitment collaboration with the National Trades Union Congress' (NTUC) Employment and Employability Institute (e2i) and the Singapore Workforce Development Agency (WDA). This partnership will create 4,500 openings for rank-and-file and supervisory261 words
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298 2009-03-06 9 CHEW XIANG - CHEW XIANG By HSBC Private Bank yesterday declined to call evidence in a High Court case in which it is being sued by a Taiwan family for forcing them to close a forex trade. The plaintiffs Huang Po Jen, now a citizen of New298 words
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Article, Illustration565 2009-03-06 9 GENEVIEVE CUA - GENEVIEVE CUA By ACTIVE risk management enables financial institutions to take pre-emptive measures to counter market stresses, says Monetary Authority of Singapore deputy managing director Teo Swee Lian. For example, insurers should take measures to strengthen their solvency positions early before financial marketsFILE PHOTO - 565 words
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SINGAPORE ROUNDUP
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78 2009-03-06 9 FORMER A*Star chairman Philip Yeo has been presented the inaugural Asia Pacific Lifetime Achievement Award by Bio Spectrum Asia for his contribution to Singapore's rising role as a biomedical hub. Mr Yeo, now chairman of Spring Singapore, was chosen by a jury panel made up78 words
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78 2009-03-06 9 THE bond-free Lim Kirn San Memorial Scholarship will now be opened to students with monthly household income of $5,000 or less. Awarded by the Singapore Press Holdings Foundation, the scholarship is tenable for full-time undergraduate courses in English, Chinese, Malay and Indian78 words
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Page 9 Advertisements
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Advertisement21 2009-03-06 9 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.21 words
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Advertisement54 2009-03-06 9 SONY iiYAMAHfI <7TT tnm Morel Soundspot speakers Panasonic Mnavanaz- XjJ sound quality and exoellent *Latest IOBOp Full HD Projectors ES^n^'JataTaß'S Award-winning Digital AY Receivers at special price! ITlOrel cusumere. A wide range of Specialist Brands Plasma/LCD TVs Projectors Prices to suit all budgets Custom multi-room installation Comfortable demonstration 0% Interest54 words
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ECONOMY WATCH
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505 2009-03-06 10 NYT In the beige book, the Fed says manufacturing fell, companies earned less and credit remained tight [NEW YORK] From Boston to Atlanta to San Francisco, the economy has gotten worse in the last two months, and in a snapshot of economic conditions releasedNYT - 505 words
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Article463 2009-03-06 10 Bloomberg [TOKYO] Japanese companies cut spending last quarter at the fastest pace in a decade as exports crashed and earnings at manufacturers evaporated. Capital spending excluding software fell 18.1 per cent in the three months ended Dec 31 from a year earlier, a seventh quarterly decline,Bloomberg - 463 words
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Article, Illustration363 2009-03-06 10 Bloomberg, AFP, AP [SEOUL] South Korea believes that the US will probably agree to an extension of its USS3O billion curren-cy-swap arrangement with Seoul but may not increase the size. "We want to extend the period and size of the cur-rency-swap– Bloomberg, AFP, AP - 363 words
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Page 10 Advertisements
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Advertisement1956 2009-03-06 10 V#^L ftXTT/nr r> To"free: 180°-289-8822 V IVI f 1 L W Email: notices@sph.com.sg JL V^>/ JL JL^_> 1' \J www.cats.com.sg 1 IN THE MATTER OF THE IN THE MATTER OF CHINA KUNDA TECHNOLOGY HOLDINGS LIMITED companies act (cap. 50) the companies act, cap so LOST SHARE CERT.F.CATES .^WSJ^S*-, The following1,956 words
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Advertisement296 2009-03-06 10 v^yiNE-l Professional Portfolio Management, Valuations, Exit Strategies, Storage Solutions The Highest Quality Investment Grade Wines The Best Prices in Asia THE TRUTH ABOUT WINE INVESTMENT Common Mistake #2 Pay Retail Prices Solution Buy Wholesale I avo I Avera9e| wine-i I I maaMKflJMFl^^BB Producer Vintage Singapore Wholesale SAVE < I^^^ R3tmg296 words
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MALAYSIA/INDONESIA
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646 2009-03-06 11 S JAYASANKARAN - S JAYASANKARAN He says this may be an elegant way out of the political impasse By in Kuala Lumpur BARISAN Nasional lawmaker and former finance minister Tengku Razaleigh Hamzah has added his voice to a growing chorus of Malaysians demanding fresh elections in646 words
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526 2009-03-06 11 PAULINE NG - PAULINE NG By in Kuala Lumpur MALAYSIA has indicated that RMIO billion (Ss4.l billion) would be allocated for its second stimulus package to be unveiled next week, with half of the funds earmarked for development and the balance for operations. Details of526 words
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Article, Illustration425 2009-03-06 11 Bloomberg [SINGAPORE] Bank Indonesia said its US$5O.9 billion of foreign reserves may not be enough to bolster confidence in the rupiah as it forecasts exports excluding energy to fall the most in 27 years amid the global recession. The central bank will■ Bloomberg; BLOOMBERG - 425 words
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GREATER CHINA/INDIA
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543 2009-03-06 12 SAIBAL DASGUPTA - SAIBAL DASGUPTA 950b yuan Budget deficit is highest in 60 years; PM sticks to 8% growth target By in Beijing PREMIER Wen Jiabao seemed to be taking the bull by its horns when he announced the highest Budget deficit in543 words
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273 2009-03-06 12 Bloomberg [BEIJING] China will push for a comprehensive economic accord with Taiwan to strengthen trade and financial cooperation, Premier Wen Jiabao said. "We will accelerate normalisation of cross-strait economic relations and promote the signing of a comprehensive agreement on economic cooperation," Mr– Bloomberg - 273 words
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706 2009-03-06 12 Bloomberg It can afford to do so with inflation at 14-month low [NEW DELHI] India's central bank indicated that it may continue to cut interest rates after economic growth slowed to a five-year low last quarter. The Reserve Bank of India on Wednesday■ Bloomberg - 706 words
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Article, Illustration346 2009-03-06 12 -Reuters [TAIPEI] When 96 people from China arrived at Taoyuan International Airport near Taipei after paying hundreds of dollars to compete in a music contest offering big cash prizes, they soon discovered they'd been swindled. A con artist had faked invitations-Reuters; REUTERS - 346 words
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Page 12 Advertisements
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Advertisement191 2009-03-06 12 ■|U 1 5? L' I I 1 1 Reward the kids this March holidays 11 For the one week school holiday, Plaza Brasserie is introducing an irresistible offer to "reward" kids. Ml Kids dining at Plaza Brasserie from 14 to 22 March 2009, need only pay Ssl.oo++ for every year191 words
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ASIA-PACIFIC/WORLD
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Article, Illustration527 2009-03-06 13 -Reuters They got millions in cash and stock as bank's loss hit USs27.6b last year [NEW YORK] New York state's top legal officer issued subpoenas on Wednesday to seven executives who received tens of millions of dollars in 2008 pay from-Reuters; AP - 527 words
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318 2009-03-06 13 Bloomberg [MANILA] The Philippine central bank cut its benchmark interest rate to the lowest in at least 16 years to shield the economy from the deepening global recession. Bangko Sentral ng Pilipinas reduced the rate it pays lenders for overnight deposits by aBloomberg - 318 words
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Article251 2009-03-06 13 Bloomberg [LONDON] UK insurer Aviva maintained its dividend after posting a 2008 net loss as it wrote down the value of its corporate bond holdings. The stock fell as much as 15 per cent. Aviva reported a loss of £915 million (Ss2 billion) after a– Bloomberg - 251 words
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256 2009-03-06 13 j. j.— Bloomberg [LONDON] British Airways (BA) sees no return to profit until fiscal 2011 at the earliest as the global recession weighs on demand for air travel. The operating loss for the 12 months through next March will be broadly similar toj. — j.— – Bloomberg - 256 words
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297 2009-03-06 13 Reuters [SANTA BARBARA] Ford Motor Co is expecting that electric vehicles will represent a "major portion" of its line-up a decade from now as the automaker breaks away from a recent reliance on pickup trucks and SUVs, chief executive Alan Mulally said on– Reuters - 297 words
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Page 13 Advertisements
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Advertisement267 2009-03-06 13 B\|| IC The National University of Singapore, Department of Real Estate l<vT}«s] *J is pleased to organize a public forum on \J/sb// National university r/ of Singapore outlook of Singapore Real Estate Investment Trusts (SREITs): A boom or bane? A renowned US professor and a panel of established and well267 words
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Advertisement65 2009-03-06 13 JMMI3® the big name in seafood AUSTRALIAN LOBSTER PROMOTION (From now till 30th April 09) Hy J6 LMm A JUMBO Group of Restaurants East Coast Seafood Centre Tel: 6442 3435 Serangoon Gardens Country Club Tel: 6383 3435 Riverside Point Tel: 6532 3435 The Riverwalk Tel: 6534 3435 Singapore Indoor Stadium65 words
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WORLD
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Article, Illustration634 2009-03-06 14 Reuters COPING WITH SLUMP Unemployment rate heads towards 7.9% as economy reels [NEW YORK] For her birthday, Lillian Nazario got a dismissal notice. Ms Nazario, who worked as an administrative assistant and account manager for 12 years at Office Ltd,– Reuters; REUTERS - 634 words
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596 2009-03-06 14 Reuters US statistics show many are suffering but still prefer to go it alone [NEW YORK] Rachel Dooley quit her high-paying job as an attorney a month ago to launch a jewellery business, and her friends think she is crazy. Her friends may beReuters - 596 words
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Article, Illustration489 2009-03-06 14 NYT [WASHINGTON] President Barack Obama on Wednesday ordered his administration to change how government contracts are awarded to private businesses, saying he intended to reverse some practices of the Bush administration and do away with no-bid contracts that have cost billions andNYT - 489 words
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451 2009-03-06 14 Bloomberg [NEW YORK] Intercontinental Exchange's bid to be the top US guarantor of credit-default swap trades won Federal Reserve approval, leaving the Securities and Exchange Commission as the futures market's final regulatory hurdle. Intercontinental and larger rival CME Group are among four clearinghouse ownersBloomberg - 451 words
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Page 14 Advertisements
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Advertisement68 2009-03-06 14 fj] motors 0044 000 IfjflU Redefining Your Automotive Experience 61 ÜBI aye 2 #03-01 automobile megamart THE HEARTBEAT OF THE INDIAN COMMUNITY fji Will the IUURf w Nano ,f-^ save Tata? jJ > L^. i^a B»l MUSIU ON/iy ON/ Rsl lakh car to be launched in India on March 2368 words
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SWISS SECRECY
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Article, Illustration1027 2009-03-06 15 -IHT Tarnished reputation can be rebuilt and Switzerland will stay a wealth haven: Swiss banking association [ZURICH] Banking has long been to this tidy city what cars are to Stuttgart and computers to Silicon Valley, only more reliably. For while fortunes-IHT; REUTERS - 1,027 words
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515 2009-03-06 15 Reuters It tells Senate it regrets breaking US tax laws; calls for diplomatic resolution [WASHINGTON] Switzerland's largest bank held its ground on Wednesday in a dispute with the US government, refusing to disclose the names of tens of thousands of rich American clients suspectedReuters - 515 words
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Page 15 Advertisements
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Advertisement48 2009-03-06 15 $0? jfjJfcSAIC MUSIC FESTIVAL SINGAPORE 13 22 Mar 09 IT'S MOSAIC NEXT WEEKEND! COME EXPERIENCE... BiiliiiililHiHiHßllSiJH A' J^^^l KfffW!B!llJpiiii MUCH, MUCH MORE. Supporting Sponsors In Association with Esplanade Partners PREFERRED CARD V^^^ IUSy Connecting People VI3/I Official Newspaper Official TV Station Served by B^^L^ t>:^ *H t .ineken48 words
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EDITORIAL & OPINION
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494 2009-03-06 16 IT must be hoped that Iraqis will unite and be ready to run their own affairs when US troops start leaving in 18 months. Iraq is certainly more stable, thanks to a government crackdown on militias in the oil-rich south and in Baghdad and494 words
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Article, Illustration909 2009-03-06 16 SHADA ISLAM - SHADA ISLAM EU must avoid beggar-thy-neighbour policies; Asean leaders must integrate region faster CALL it a quirky coincidence. Just as European Union leaders ended their emergency summit in Brussels in quasi-disarray last Sunday, their counterparts in Asia were issuing ambitious promises to build909 words
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Article, Illustration764 2009-03-06 16 FRANK CHING - FRANK CHING THE BOTTOM LINE ONCE again, hours after Washington issued a report condemning China's human rights record, Beijing retaliated by issuing one deploring the situation in the United States. This is the 10th year that China has issued a764 words
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Article, Illustration1020 2009-03-06 17 WAYNE PEAT - WAYNE PEAT Work and play are becoming more similar as game playing encourages teamwork, decision making and digital skills By ONLINE gaming is no longer child's play. The perception that playing video games is a waste of time has changed dramatically. Game playing encourages teamwork, decision-makingAP - 1,020 words
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Article, Illustration863 2009-03-06 17 YOGI AGGARWAL - YOGI AGGARWAL WHEN Slumdog Millionaire swept the Oscars last week, it broke new ground. It was the first time that a film made by a Hollywood director on an Indian theme had gripped audiences in the West and drawn attention to theREUTERS - 863 words
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AVIATION/SHIPPING
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Article, Illustration612 2009-03-06 18 VINCENT WEE - VINCENT WEE First time a logistics firm is doing supply chain management for an airline By [SINGAPORE] DHL's supply chain management unit has secured quality management accreditation in Singapore and bagged an in-flight service contract in the UK signs of its expansionFILE PHOTO - 612 words
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513 2009-03-06 18 Bloomberg [MANILA] Subic Bay in the Philippines is the busiest it's been since the US Navy moved out 16 years ago. The traffic surge is coming from ships all carrying the same cargo nothing. Last week, 19 vessels were anchored inBloomberg - 513 words
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Article2561 2009-03-06 18 AIRLINE CODES: AA American Air Air France (AFR) Al Air India (AIC) AY Finnair Oy (FIN) AZ Alitalia Airlines (AZA) Airways Public Ltd Co (BAW), BG Bir i Airlines (BBC), Bl Royal Brunei Airlines Sdn Bhd (RBA), BO Bouraq Airlines (BOU), ays t r Corpn(EVA), CA2,561 words
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TRANSPORT STOCKS
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Article103 2009-03-06 18 '000 lar CH Offshore 0.25 Chuan Hup Hldgs 0.16 Cosco Corp 0.73 CWTLtd 0.31 Ezra Hldgs 0.50 First Ship Lease 0.35 Freight Links 0.04 Grand Banks 0.64 laya Hold Ltd 0.24 KiVentures 0.13 Keppel Corp 4.17 MTQ Corp unch NOL 1.02 Pacific Shipping 0.15 Pan-United Corp 0.40 Rickmers Mari103 words
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Article30 2009-03-06 18 '000 Int'G Logistics MISCBhd MISC Foreign Msia Bulk Carrie NCB Holdings NeplineBhd unch 8.40 8.20 2.86 2.69 0.01 unch 0.20 0.15 0.01 -0.01 -0.01 I 15V 157! 1V 22!30 words
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Article12 2009-03-06 18 '00 'recious Ship Regional Cont 10.20 5.50 -0.50 0.15 4921 66112 words
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Article20 2009-03-06 18 '000 Aboitiz Equity Intl Container Keppel Marine Keppel Prop 5.40 11.50 2.00 unch unch unch -0.10 unch 58' 56:20 words
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Article23 2009-03-06 18 Evergreen Marine ....12.95 :irst Steamship 36.35 /Van Hai Lines 13.55 t'ang Ming Marine 9.20 0.35 1.45 0.10 0.26 5 21 3 1623 words
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Article37 2009-03-06 18 '000 :awasaki Hvy Ind ..182.00 10.00 ***** :awasaki Kisen 308.00 12.00 9773 /litsubishi Hvy 289.00 17.00 ***** /litsui Eng&Sbldg...150.00 8.00 7084 /litsui Osk Lines 502.00 33.00 ***** lippon Express 271.00 -1.00 4654 JipponYusen 405.00 19.00 *****37 words
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400 2009-03-06 18 Bloomberg, Reuters Aim is to reduce competition, cope with lower demand [BEIJING] China, Asia's largest air-travel market, will encourage the nation's carriers to combine to reduce competition and to help them cope with waning demand. The regulator will back consolidation, while leaving it up– Bloomberg,; , Reuters - 400 words
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388 2009-03-06 18 LAT-WP [HARTFORD, Connecticut] From time to time, spectacular events call attention to airport luggage theft as when a New York baggage handler lifted US$5OO,OOO in jewels from a checked bag belonging to Sarah Ferguson, the Duchess of York, in 1995, or the arrests ofLAT-WP - 388 words
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307 2009-03-06 18 Reuters Outlook dims as freight volumes drop 20% in Jan [COPENHAGEN] AP MollerMaersk yesterday reported a higher-than-expected 2008 net profit but forecast significantly lower results this year, pushing its shares down. Maersk reported net profit of US$3.5 billion, up from US$3.4Reuters - 307 words
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SINGAPORE STOCKS
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Article8577 2009-03-06 19 Transaction date: Mar 5 52-wks Tel |h Low Code Last Sale Vol Cooo) Hi: Day Last Quote Div Gr Yld Net 111 Low Buyer Seller C'vr P/E M Cap Sniil Hi! Com| >ari] 9 3 3148 8Telecom 11 3 5834 A-Sonic 110 100 6389 ABFSG Bond ETF 30.58,577 words
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Article1791 2009-03-06 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 offer1,791 words
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Article103 2009-03-06 20 52-Wk Tel High Low Code Last Sale Vol fOOO) Day Ih Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Com _Hm 1830 1682 DBXT FTChina25 1OUS$ 931 850 DBXT MSTaiwan 1OUS$ DBXT Nifty 1OUS$ 9440 8540 DBXT S&P Short 10US$ ***** ***** 6065 Diamonds103 words
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Article76 2009-03-06 20 52-Wk Tel High Low Code Last Sale Vol COOP] Day Low Last Quote Buyer Seller Div GrYld Net MCap C'vr P/E $mil Comi Hii 84.5 20 6000 AVJennings 11 4 6134 Over&Gen 24.5 6 6017 StarCruises 248 103 6019 TanChonglnt A20 -1 A8 US7.5 +0.5 HK11 Scd +376 words
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Article9323 2009-03-06 20 UNIT TRUSTS FUNDS AIG Global Investment Corporation (S) Ltd AIGIF Acorns of Asia Balanced Fund!S 1.37/ AIGIF Spore Bond Fund/ A 1.195/ APS Asset Mgt Pte Ltd APS Alpha Fund!** 0.62/ APS Alpha Fund (USD)!** 0.4/ APS Komaba Asset Mgt Pte Ltd APS Komaba Global Bond SGD 0.5193/ APS Komaba9,323 words
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Page 19 Advertisements
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Advertisement13 2009-03-06 19 flßP^^ i STILL IN EXCELLENT SHAPE For enquiries, Tel (65) 6238 6678 www.audemarspiguet.com13 words
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FINANCE & COMMODITIES
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370 2009-03-06 21 In local curr In S$ In US$ %dy %yr dy yr dy yr Index Change Change Change Change Change Change Mar 4 World Index Preliminan 551.8 2.3 -18.6 2.1 -15.8 2.3 -21.6 EAFE Preliminai 540.6 2.5 -16.7 2.2 -17.3 2.4 -23.0 Euroi Preliminan 749.3 3.7370 words
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Article132 2009-03-06 21 As at 9am Mar 5 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 0.9950 1.0540 Can dollar 1.2060 1.2220 Euro 1.9440 1.9690 NZ dollar 0.7730 0.7910 iterlini ind 2.1800 2.2080 US dollar 1.5390 1.5590 Local dollars to 100 units of foreign132 words
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Article169 2009-03-06 21 Mar 5 fer Overnight 1-month 2-months 3-months Overnight mode: 1/4 ys$ 3/16 7/16 9/16 11/16 Offer 1/16 3/16 5/16 7/16 Bid 7 days 1 month 2 months 3 months 6 months 9 months >—■. I. $Au 0.42 0.60 1.10 1.50 2.00 2.30 2.40 Offer 0.32 0.50 0.90 1.20169 words
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Article23 2009-03-06 21 Mar 5 ten >TI ilMSCI Mar 189.1 189.7 183.5 'aiwan Mar 173.1 177.0 175.3 Source: MF Global (S) He. Lt<23 words
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Article22 2009-03-06 21 Mar 5 S! Bid Offer 1-month 1.5506 1.5522 2-months 1.5503 1.5520 3-months 1.5501 1.5518 6-months 1.5493 1.5511 Source: OCBC22 words
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Article61 2009-03-06 21 Mar 5 Delivery Month Opening Range Sett Av Price Price Hi Low Vol Open Done Position Mar 09 1980 2000 2000 1980 335 1207 Apr 09 1942 1950 1962 1932 2553 ***** May 09 1904 1906 1923 1890 6220 ***** JunO9 1871 1879 1889 1855 1513 ***** Total61 words
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Article301 2009-03-06 21 Mar 5 OPEN HIGH LOW SETT VOL OP/INT URODOLLAR FUTURES VlarO9 lunO9 >epO9 DecO9 98.6775 98.6600 98.6150 98.4750 9599 7076 5612 1635 EUROYEN TIBOR FUTURES VlarO9 99.325 99.325 lunO9 99.425 99.425 >epO9 DecO9 99.460 99.460 VlariO lun10 iep10 DedO 99.325 99.415 99.460 99.325 99.410 99.470 99.475 99.460301 words
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Article188 2009-03-06 21 Mar 5 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Month High Low Close Sett Volume (lots) O/l (lots) Apr 09 May 09 JunO9 Jul 09 137.5 Aug 09 136.5 SepO9 136.0 137.0 136.5 136.0 139.0 139.0 139.0 137.0 136.5 136.0 140 120 120 959 816 897 1005188 words
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Article91 2009-03-06 21 Mar 5 TREASURY BILLS Period Issue code Maturity Yesterday's Bid Hi< Day's |h Low 3-Month BQ*****W 04.06.09 1-Year BY*****V 02.11.09 0.35 0.43 0.28 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity code rate Close Bid Day's High Low 2-Year N5O61OOE 3.125 5-Year NXO31OOZ 2.250 7-Year N*****0S 2.875 10-Year NY*****A91 words
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Article102 2009-03-06 21 Mar 4 SOYBEANS (5,000 bu min; US cents/60 Ib bushels) Close Previous High/Low Mar 09 875.50 863.00 888.25 860.00 May 09 868.50 853.50 878.75 847.25 Jul 09 867.75 851.25 877.75 844.75 AugO9 852.00 834.25 858.00 833.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 09 30.74 30.19 30.88 30.14102 words
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Article77 2009-03-06 21 CRUDE OIL PRODUCTS Mar 4 CRUDE (FOB origin) US$/barrel Close Cham Brent blend (1-Mth F) 46.52 3.69 WTI (Near Mth) 45.22 3.90 Dubai (1-Mth F) 42.18 0.45 Tapis blend 49.20 0.75 Minas 45.25 1.00 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha Jet Kerosene 42.55 48.10 0.78 1.25 US$/barrel Opec Oil77 words
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Article462 2009-03-06 21 Mar 5 AS Rmb Euro HKS IndRsRu Yen Won RM NZS Pak Rs Peso i« Rand Sfr NTS Baht Pound USS Australia 0.823 4.404 0.511 4.996 33.351 77.423 0.641 10.096 2.400 1.283 51.691 31.327 0.999 6.664 0.756 22.492 23.266 0.454 0.644 Canada 1.215 5.352 0.621 6.071 40.529462 words
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Article78 2009-03-06 21 Mar 5 (US$) (SS) 0.***** 0.***** 1 mth 2 mths 0.***** 0.***** 6 mths 1.***** 9mths 1.***** 12 mths 2.***** 3 mths 1.***** 0.***** 6 mths 9 mths 12 mths 1.***** 1.***** 2.***** 0.***** 0.***** 0.***** SWAP Mid rates (S$) 1 yr 1.***** 2yrs 1.***** 3yrs 1.***** 4yrs 2.*****78 words
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Article169 2009-03-06 21 Mar 5 GOLD (USS/oz) Mar OS Mar 04 GOLD BULLION COINS (S$) Sellini Hong Kong 906.20 908.30 907.20 909.30 Mar 04 Mar 03 London 912.20 908.40 914.20 910.40 Source: Thomson Reuters (S$) Selling Buying 1 oz 1592.16 1440 UBS GOLD LUNAR KINEBAR (S$) Selling Buying 10gm $558.54 458169 words
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Article152 2009-03-06 21 Mar 5 Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9982 0.9996 0.6437 0.6440 Canadian dollar 1.2130 1.2147 0.7822 0.7826 Euro 1.9547 1.9576 1.2605 1.2612 NZ dollar 0.7781 0.7790 0.5018 0.5019 Sterling md 2.1973 2.2001 1.4170 1.4174 US dollar 1.5507 1.5522152 words
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Article69 2009-03-06 21 Mar4\ minimum, 99.7 jrity (US$/tonne) Co Close Previous Cash 1324.25 3 months 1360.00 1279.50 1315.50 Copper, Grade A (US$/tonne) Cash 3 months 3725.00 3745.00 3516.50 3539.00 Lead (US$/tonne) Cash 1173.75 3 months 1180.00 1067.75 1075.00 Nickel (US$/tonne) Cash 3 months 9954.00 *****.00 9570.00 9650.00 Tin (US$/tonne) Cash *****.0069 words
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Article70 2009-03-06 21 Mar4\ COCOA (Btonne) Close Prev Hii ih/Low Mar 09 1846 1806 1862/1793 May 09 1797 1758 1814/1744 Jul 09 1749 1718 1764/1703 SepO9 1724 1696 1730/1684 COFFEE (US$/tonne) Close Pev High/Low Mar 09 1524 1498 1525/1501 May 09 1528 1504 1549/1501 SUGAR (US tonne) White Close Prev High/Low May70 words
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2117 2009-03-06 21 BONDS, WARRANTS EXTENDED SETTLEMENT Pel lode Company Last Sale Vol Conv Exer +or- ("000) Ratio Price Prem Expiry Disc Gear- Mths ing Left '058 Advance Modules Grp W*****3 6 susp >036AdvanceSCTLtdW*****9 0.5 1 17 156 1.50 1 87 2088 8.00 41 17 )092 Asia Environment W*****4 0.5 1 38 2502,117 words
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Page 22 Advertisements
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Advertisement2795 2009-03-06 22 m The Business Times Shipping Times ■■■Pflßl ■f!!lP!iPf!HW!Pßf!fi!W!lsHHi^^^^ i f wan hai international pte ltd uen i992o469sm flr HilGßlffillSEßß^fflHJSfflE^EinilM IV" irA IAfALI MAI lIUTf TEL *****588 (14 LINES) FAX: *****163 HL^^^ fl^nl mSKSBsII^IstSSSKMU^mI I\\Vl I WAN HAI INtS PKL TEL: C O3) *****888 FAX: (03) *****288 PEN TEL: (04) *****002,795 words
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Page 23 Advertisements
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Advertisement2978 2009-03-06 23 WMm iTin EASTERN CAR LINER, LTD (ff £J(332& W—^—i I specialize in roro heavy lift UPTO 450 tons~| WEEKLY EXPRESS SAILING SCHEDULE WimaaMaMiiliSJlMSMllßSUiSiUiMlliMißil^^ IjhJSHbK^ VOT _RgmpiKTl_ LltinqlKTL JIN^ _PjjL_ ""< ■l« -JKL- ALSO ACCEPIHG COHTAIHERS TO ALL HORTHERH AMD WESTERNIHDIAHICD POIHTS nifl I KINGFISHER 6_ 60 11/03 12/03 tissiL I2,978 words
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executive lifestyle
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Article491 2009-03-06 24 When times are tough, the tough get going. Fresh graduates-turned-entrepreneurs show MELISSA LWEE what they're made of and talk about taking the road less travelled TIMES may be bad, but young designers in Singapore are showing their mettle by becoming entrepreneurs straight out of university or national491 words
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Article, Illustration448 2009-03-06 24 AFTON CHEN: Reckless Ericka THERE are people who dream and people who act on their dreams. Afton Chen is certainly the latter. Fresh out of Raffles Design Institute with a bachelor of design (fashion), the 22-year-old who won "Best Graduate Project" in her final yearJOHNHENG - 448 words
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Article, Illustration424 2009-03-06 24 LI ZIQI: lifedesignstudio UNLIKE many of his peers, architecture graduate Li Ziqi took the road less travelled in 2007. "Many of my classmates took jobs with architecture firms or continued studying," he says. "But I decided that was not what I wanted to do. "At424 words
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Article, Illustration433 2009-03-06 24 GABRIEL TAN AND WENDY CHUA: Outofstock DESIGN collective Outofstock was born out of serendipity. In 2005, the then-student duo of Gabriel Tan and Wendy Chua met Sebastian Alberdi (of Spain) and Gustavo Maggio (of Argentina) at a design competition the Electrolux Design Lab where they were all433 words
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Article, Illustration449 2009-03-06 24 CHIA WEI CHOONG: Antebellum WHEN fashion designer Chia Wei Choong finished National Service, he was at a loss as to what to do. Armed with little work experience and unfinished fashion school qualifications, the 25-year old knew that his chances of finding a■ ARTHUR LEE - 449 words
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MOVIES
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Article, Illustration627 2009-03-06 25 Saying goodbye to loved ones was never more meaningful, says GEOFFREY EU OKURIBITO {Departures) takes an original look at a dark, delicate subject the art of the nokanshi, a person who performs the ritual that prepares corpses for burial and succeeds marvellously in627 words
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Article, Illustration496 2009-03-06 25 GEOFFREY EU - GEOFFREY EU By LIFE has lost its lustre for Harvey Shine (Dustin Hoffman), a New York-based journeyman in the music jingles industry for whom inspiration is a distant memory. Across the Atlantic in London, Kate Walker (Emma Thompson) is fighting to keep spinsterhood496 words
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Article, Illustration453 2009-03-06 25 AMANDA DE GUZMAN - AMANDA DE GUZMAN DVD REVIEW By SAMUEL L Jackson has made a career out of being intimidating, from the hitman with righteous fury in the cult Tarantino hit Pulp Fiction to smoothly menacing detective in the 2000 remake of Shaft. Varying more453 words
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Article, Illustration656 2009-03-06 25 GEOFFREY EU - GEOFFREY EU By IT'S five minutes to midnight on the nuclear war clock, and the world edges towards catastrophe as the United States and Soviet Union go eye-ball-to-eyeball in a superpower showdown. Meanwhile, in a darkened apartment, a retired superhero known as The Comedian sits alone,656 words
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ARTS
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Article, Illustration822 2009-03-06 26 A new exhibition features five Singaporean artists whose works have travelled widely and well, reports CLARISSA TAN AS we have become more mobile, so has our art. Much of contemporary art, especially installations, is foldable, collapsible, packable and portable. Furthermore, as these artworks travel, they gain822 words
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Article, Illustration587 2009-03-06 26 CLARISSA TAN - CLARISSA TAN By THE art of Yogyakarta is known for being politically charged. So when a group of artists from that Indonesian city produces works that seem devoid of political resonance, people wonder if this itself is some kind of political statement. It becomes587 words
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Article, Illustration705 2009-03-06 26 CLARISSA TAN - CLARISSA TAN By PEOPLE rarely have trouble placing Shakespeare he is the famous Bard of Stratford-upon-Avon, that picturesque and quintessentially English town. Yet, across the centuries, cultures across the world have digested his plays, assimilated them and interpreted them in ways that are as705 words
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Article, Illustration477 2009-03-06 26 UMA SHANKARI - UMA SHANKARI By A PINCH of magic and a dash of ballet, and you have the recipe for Singapore Dance Theatre's (SDT) latest offering-the sweeping fairy-tale romance Cinderella. Come tonight, the good-hu-moured full-length ballet returns for the fourth time since it was first staged by SDT477 words
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PURSUITS
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Article, Illustration863 2009-03-06 27 CD REVIEW No Line On The Horizon will please fans, but falls short of being cutting edge, says CHRISTOPHER LIM U2 is one of those bands with such a consistent output that it's a reliable bet that no new album of863 words
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Article, Illustration512 2009-03-06 27 CHRISTOPHER LIM - CHRISTOPHER LIM GAMING By THERE'S nothing like having a game in your pocket or bag to kill time. There's isn't much to do in the MRT, or in shopping centres while waiting for your other half to try on clothes. And there's no512 words
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WINE
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Article, Illustration974 2009-03-06 28 N X YONG - N X YONG offer a primer on Barolo, one of the world's great wines BAROLO, the acknowledged King of Italian wines and one of the world's great wines, is also a great favourite of mine. The name is easy to remember but974 words
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Article593 2009-03-06 28 jaime ee - jaime ee IT was a dark and stormy night. On a small tropical island just off the Equator, a group of natives gathered around a large stone animal they had come to worship: an imposing half-lion, half sea-creature which they had come to see as a593 words
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Page 24 Miscellaneous
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Miscellaneous7 2009-03-06 24 ARTS Bringing their message home PAGE 267 words
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Page 25 Miscellaneous
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Miscellaneous308 2009-03-06 25 CRYPTIC CROSSWORD ACROSS 1 Note old boy network in Shakespeare play (6) 4ln distribution of income the -—WB WB H^ HH BH BH company is concerned with 9 business (8) 9 Girl ill-disposed to a Scot (6) _HH_M H__flH]__H H_HB_ 12 Loch or headland (4) 13 Disguise the point of308 words
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Page 27 Advertisements
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Advertisement721 2009-03-06 27 I 3D Taipei Easy Go ctpeo) LBTffffiFTrEfITSTHJEMWWM W^irOir^ /^t^i /hrrhfi) f^mitfiWjffltWli\Q^iltl^M^W^ I •Srn^nomy airfare -Daily Breakfast fSQQ* ["WIGHTVACATIONS/TRAFALGAR EUROPE/1 mt^m \W\ M^t^lM^nV^^^^^ I^^^^^ <^ Wmt •2ni9hKhrte' aramm^'i fr>J:fO contiki holidays/ utc holidays I 4*l /d/M Wt^S^ 4/5 D Fun Around Taipei (tpf4/tpst) Adelaide Brilliant Deals m f W Jl-'L~rts^r*\ IrWTYTiZnINfiYTfIU721 words
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Page 27 Miscellaneous
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Miscellaneous564 2009-03-06 27 byf Documentary film fest 2. Drowned in OblivionlFrance and Africa/2007/ Exploring ideology of 'liminality' FIRST organised in 2004 by The Substation Moving 75 mins/Pierre-Yves Vandeweerd QUIESCE is a music and sound performance presented by Images, the Singapore Indie Doc Fest (SIDF) is Singapore's sonicbrat (aka Darren Ng), supported by organic564 words
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Page 28 Advertisements
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Advertisement205 2009-03-06 28 Black Opal Emerald Lodge Empress Jade Sapphire Moonstone Diamond Chateau Diamond Palace Sky-Dining™ i.*^ **J^m^k- 1 ,--Z-Z.'-"' -Z-Z M^m T j* The Jewel Box is Singapore's iconic hilltop destination offering you a Complete entertainment and leisure experience with magnificent views of Z AW* Singapore, the city and the harbour front.205 words
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