The Business Times, 29 August 2009
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2009-08-29
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The Business Times
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Title Section15 2009-08-29 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg august 29-30,2009 sji.OO mica(p)l24/08/2009 SCll A SINGAPORE PRESS HOLDINGS PUBLICATION15 words
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Article, Illustration516 2009-08-29 1 Samuel Ec - Samuel Ec Guests at glittering Fl lunch will get to stretch their charity dollar and enjoy celeb chef Nobu's creations By samuelee@sph.com.sg Singapore IT MAY all be for a charitable cause, but some guests at this year's President's Challenge Fl Charity Luncheon will516 words
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713 2009-08-29 1 Siow Li Sen; Conrad Tan - Siow Li Sen Conrad Tan Credit Suisse, Barclays, Citi among those active of late By and lisen@sph.com.sg conradt@sph.com.sg Singapore EVIDENCE is growing that banks are stepping up their hiring of senior bankers in Asia, in a sign that sentiment in at least713 words
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Page 1 Miscellaneous
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Miscellaneous159 2009-08-29 1 THE RAFFLES CONVERSATION M^T^ SI ART SHOW ME 111 I 111 111! ill 111 ■V RAMCHARAN, The next big THE MONEY I CONSULTANT v^^^gl I thing? L 23 Is China worth the risk? |33 B lii!9Jffi| TORRID TAKE-UP Trevista going like hot cakes NTUC Choice Homes had to release 190159 words
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TOP STORIES
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CONTENTS
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Article31 2009-08-29 2 Top Stories 2-6 Week in Review 7 Raffles Conversation 8,9 Companies 10-13 Letter From Abroad T8 W°Hd 19^22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-34 Househunt 35 Real Estate 3631 words
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Article, Illustration19 2009-08-29 2 ShoPPlng j tl^l Home Garden Ll2-13 Gadgets Ll4 Health LI 5 Sport LI 6 Golf LT7 Motoring LIB-2019 words
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MARKETS
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Article47 2009-08-29 2 KL COMP 1,174.27 -2.63 NIKKEI 225 10,534.14 +60.17 HANG SENG 20,098.62 -144.13 SET 656.98 +4.58 JAKARTA 2,377.24 +21.18 MANILA 2,884.18 +2.78 KOSPI 1,607.94 +8.61 SHENZHEN B 494.09 -8.71 MUMBAI IND 15,922.34 +141.27 12 noon EDT Chanpe 12 noon EDT Change DOW 9,541.25 -39.15 NASDAQ 2,031.04 +3.3547 words
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Article29 2009-08-29 2 SINGAPORE 5.38 MALAYSIA 5.55 HONG KONG 5.00 INDONESIA 16.448 TAIWAN 4.776 JAPAN 1.475 KOREA 9.33 BRITAIN 050 US 3.25 CANADA 2.25 SWITZERLAND 0.52 INDIA 11.75 Source: Bloomberg29 words
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Article49 2009-08-29 2 US$ 'S$ ier US$; 1.441 ;us$; IS$ ier£; 1.629 2.347 EURO. ;us$/s$/i 1.433 2.066 Forei: ;n current >er US$ S$ YEN 93.90 65.20 RM 3.526 2.446 HK$ 7.751 5.378 BAHT 34.02 23.60 RUPIAH 10,080 6,994 RENMINBI 6.831 4.740 NDIAN RUPEE 48.88 33.91 A$ 1.190 0.825 NZ$ 1.459 1.01349 words
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Article387 2009-08-29 2 AP, Reuters LATEST US DATA Aug consumer confidence at 4-month low on jobs worries Washington US CONSUMER spending edged up in July with help from the popular Cash for Clunkers programme, but household incomes, the fuel for future spending increases, were flat. Meanwhile, US consumerAP, Reuters - 387 words
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Article, Illustration621 2009-08-29 3 Chuang Peck Ming - Chuang Peck Ming COMMENTARY Otherwise, some companies will be tempted to take the easy way out and just cut jobs to improve numbers By IT'S time to turn the spotlight on Singapore's labour productivity. But any move to reverse its decline nowFILE PHOTO - 621 words
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Article, Illustration502 2009-08-29 4 Kalpana Rashiwala - Kalpana Rashiwala 320 of 590-unit project taken up; co-op to release more at weekend By kalpana@sph.com.sg Singapore IF it's priced attractively, it still sells. Hungry home buyers yesterday bought around 320 units at the 590-unit Trevista condo in Toa Payoh.MUGILAN RAJASEGERAN^HE STRAITS TIMES - 502 words
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604 2009-08-29 4 Anthony Rowley - Anthony Rowley By btworld@sph.com.sg Tokyo CONSUMER prices in Japan plunged by a record 2.2 per cent in July while the nation's unemployment rate soared to a record high of 5.7 per cent, it was reported yesterday on the eve of a604 words
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649 2009-08-29 5 Jamie Lee - Jamie Lee Of those in the black, 64% booked lower full-year earnings than before By leejamie@sph.com.sg Singapore FULL-YEAR profits for the 66 firms that have so far reported their results for the year to June 30 slumped 68 per cent to $692 million. More649 words
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Article, Illustration473 2009-08-29 5 Yen Sreenivasan - Yen Sreenivasan By ven@sph.com.sg Singapore THE man who turned around once-struggling Malaysia Airlines (MAS) has been promoted to a Cabinet job, while his understudy of four years takes over as the airline's chief executive. Idris Jala, the former Shell executive who took the helm473 words
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Article, Illustration816 2009-08-29 6 Bloomberg China Unicorn will sell the original iPhone 3G and the 3G S models Hong Kong APPLE Inc's iPhone will go on sale in China in the fourth quarter, entering a market that has more subscribers than the combined populations of the US andBloomberg; AFP - 816 words
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319 2009-08-29 6 Bloomberg Frankfurt EUROPEAN confidence in the economic outlook increased twice as much as economists forecast in August, adding to signs the region is emerging from the deepest recession in more than six decades. An index of executive and consumer sentiment in the 16 nationsBloomberg - 319 words
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Page 2 Advertisements
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Advertisement178 2009-08-29 2 >»] InFccus SONY onkyo ©YAMAHA HECO 8 morel I M S m6^«,. b, i •=»v-rx^ '<u7 inmnnn lILVU E^^^^W#S 535 Morel Super Nova 5.1 Q morel Music Theatre System I ""§■,§{l Aesthetically pleasing, B audiophilesound ij^ El-" quality with exceptional value. "^^■B NOW: $3299 up:***** h ■H^^ ~-—k Packaged with178 words
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Page 3 Advertisements
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Advertisement30 2009-08-29 3 I|2) MM I $},500,000. This Monday! SINGAPORE IPLAYi Ahrays play with care. Towards Community W Ireaponslb^ Do not bet Illegally. Purpose and Benefit >^J RCB Reg No. *****0202G I POOLS30 words
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Page 4 Advertisements
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Advertisement30 2009-08-29 4 Beautiful Land for Rebuild B| Can Sub-divide to two plots Wide Frontage, Flat Land I Greenery View Easy Access to Holland Village Good Feng Shui MjMI Newsman Sole Marketing Agent30 words
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Advertisement22 2009-08-29 4 HOT IPO Attract more interest from investors. Place your IPO notice in our newspapers. Call 1800 289 8822 or email notices'l'sph.com.sg. H22 words
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Page 5 Advertisements
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Advertisement91 2009-08-29 5 i Located in a private club between Turns 8 (Memorial) and 9 or the race circuit, the St Andrew's and Esplanade Terraces offer you a place at the heart of the race action. F&B and room stay packages are available for interested parties. Contact Mr Arthur Sketchley at 6595 054691 words
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WEEK IN REVIEW/WEEK AHEAD
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THIS WEEK
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60 2009-08-29 7 CONTROLLING shareholders may in future be forced to disclose any significant share pledges they have made, based on new regulations now being studied by the Singapore Exchange. Such shareholders may also have to custodise their shares in Singapore, said SGX chief60 words
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59 2009-08-29 7 WITH Air China last week boosting its stake in Cathay Pacific, the globally renowned Hong Kong airline has moved a step closer to becoming a mainland company, analysts say. Air China's 29.99 per cent stake is just a hair's breadth away from59 words
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62 2009-08-29 7 COMPANIES audited by an overseas accounting firm may need a joint sign-off by a local auditor, while new listings may need to hire governance advisers for two years after their initial public offering. These were part of the proposed regulatory changes indicated by Singapore62 words
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66 2009-08-29 7 FORTUNE Reit is raising funds totalling close to HK$5 billion (Ss93o million) through debt facilities and a rights issue, joining the spate of S-Reits that have rolled out their re-financing plans. The bulk of the HK$l.9 billion gross proceeds from the rights66 words
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59 2009-08-29 7 IF there was one message from central bankers gathered at Jackson Hole, Wyoming, over the weekend, it was this: don't expect us to raise interest rates anytime soon. They noted that economies were recovering only with extraordinary stimulus and said that it59 words
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46 2009-08-29 7 FOR the fourth time in about a month, a 99-year leasehold site on the government's reserve list has been triggered for release, as developers seek to replenish their landbanks with suburban condo land after the run-up in home sales.46 words
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65 2009-08-29 7 TEMASEK Holdings has removed all direct references to Singapore and the government in its updated charter a move seen as part of its ongoing efforts to bolster its credentials as an investment firm driven solely by commercial interests. The updated charter reflects the "very different65 words
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Article, Illustration19 2009-08-29 7 Has been nominated by US President Barack Obama to a second term as Federal Reserve chairman AFPAFP - 19 words
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57 2009-08-29 7 US President Barack Obama nominated Ben Bernanke to a second term as Federal Reserve chairman on Tuesday, aiming for continuity at a time when the US economy is breaking free from a deep recession. Mr Obama interrupted his vacation to make the announcement with57 words
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53 2009-08-29 7 IMPROVED sentiment in the private residential sector has filtered from the mass market to the upper tiers in the second quarter of this year, an analysis of caveats shows. The proportion of caveats for private housing transactions above $1.5-million was53 words
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45 2009-08-29 7 SINGAPORE'S million-dollar club continued to grow, as did these top earners' average tax bill. A total of 3,838 taxpayers earned above a million dollars in the year of assessment 2008. This is 40 per cent more than a year earlier.45 words
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48 2009-08-29 7 CONSTRUCTION of Singapore's $1-1.5 billion liquefied natural gas terminal on Jurong Island is set to kick off next January, says Lawrence Wong, CEO of the Energy Market Authority, which had taken over the delayed project from Power Gas and GDF Suez.48 words
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Page 7 Miscellaneous
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Miscellaneous331 2009-08-29 7 CRYPTIC CROSSWORD monster (7) 8 lie j round p ate 10 Information from base —h m —^m —^h —h h 16 Little Arthur's (3-4) H I H H H H H masterpiece? (4,2,3) 11 Horse and cart ordered 17 Boat user at sea, a for a band (9) —M m331 words
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Miscellaneous111 2009-08-29 7 NEXT WEEK Aug 31-Sept 4, 2009 US DATA Aug 31 Chicago PMI Aug Sept 1 Construction spending July ISM Index Aug Car sales Aug Sept 2 Factory orders July Crude inventories Aug 28 FOMC minutes Aug 12 Sept 3 Initial job claims Aug 29 Sept 4 Unemployment rate Aug SINGAPORE111 words
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THE RAFFLES CONVERSATION
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Article, Illustration2178 2009-08-29 8 Joyce Hooi - Joyce Hooi Ram Charan is the man CEOs call when they really need help. By His consulting methods remain devoid of frills. He does not go about peddling catchy corporate philosophies, like telling CEOs to '"up" something or other, or to behave like Sun Tzu in a boardARTHUR LEE - 2,178 words
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Article76 2009-08-29 8 Raffles Hotels Resorts The Raffles Conversation is brought to you through a special arrangement with Raffles Hotels Resorts. A collection of luxury hotels, Raffles Hotels and Resorts distinguishes itself through the highest standards of hospitality, service and cuisine. Its hotels in Singapore, Beijing, Cambodia, Beverly Hills, Dubai and the Caribbean76 words
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COMPANIES
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Article, Illustration594 2009-08-29 9 Chew Xiang - Chew Xiang His foundation and Novena Holdings had bought 66.3 m shares in May By xchew@sph.com.sg TYCOON Oei Hong Leong has sold his deemed interest in 69.9 million shares in Chinese water company United Envirotech (UET), according to regulatory filings. The stake represents 17.6 per594 words
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311 2009-08-29 9 Reuters London SINGAPORE-LISTED Noble Group is building a global oil trading team in a bid to become a major trading house across energy and commodities, a senior director told Reuters. "We are already in the energy sector, we just weren't at the heartReuters - 311 words
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152 2009-08-29 9 THE Singapore Exchange has granted FibreChem Technologies a series of extensions of time to report its 2008 and 2009 financial results as well as to hold its annual general meeting. The company said that it has been given a further threemonth extension to Nov152 words
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Article, Illustration642 2009-08-29 10 Chew Xiang - Chew Xiang CORPORATE FOCUS Out of the 18 Reits that have announced their results, 12 reported revenue growth. By YET another real estate investment trust (Reit) went cap-in-hand to its shareholders this week. Fortune Reit said that it was raising HK$l.9 billion (*****.4FILE PHOTO - 642 words
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Article, Illustration306 2009-08-29 10 Arthur Lee - Arthur Lee By arthurl@sph.com.sg FORTY staff of Noble Group, a supporter and sponsor of The Bull Charge, spent time with 120 Pathlight School students yesterday morning on an educational tour of the Marina Barrage. The event was the first under the Bull Charge Beneficiaries OutreachARTHUR LEE - 306 words
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Article, Illustration635 2009-08-29 11 R Sivanithy - R Sivanithy STOCKS sivan@sph.com.sg Senior correspondent LAST Saturday's column "A case of running but standing still" spoke of hectic churning of blue chips over the preceding fortnight by investors, but with little in the way of upside gains since prices hardly budged during that635 words
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258 2009-08-29 11 Jamie Lee - Jamie Lee By leejamie@sph.com.sg PETROCHINA, which has offered to take over Singapore Petroleum Company (SPC) in a $3.2 billion deal has extended the closing date for acceptance to Sept 4. The offer which PetroChina made to buy the remaining 54.5 per cent that258 words
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Article112 2009-08-29 11 :hina Hon! 101,489 23.5 0.5 2.: ientinj SP 96,406 102 25 2.5 >ino-Env 68,044 14 0.5 3.7 Intl 59,262 5.5 25 83.3 vP Tech R 58,245 0.0 0.0 atarCruises 56,720 29 43 11.5 Saker Tech 51,514 36 3.5 10.8 :hinaEner£ 45,986 31 1.0 3.: :roi 43,137 725112 words
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Article62 2009-08-29 11 CLOSE UP iBXT FTVietnam 10US$ 5413 327.0 4.. ;ld 10US$ 9338 100.8 0.1 iBXT MSTaiwan 10US$ 1368 28.8 1.! lardine C&C 2400 28.0 i.: :hina Env 100 65 22.0 si.: iBS Bk6% NCPS 10 ***** 20.0 o.: )CBC Bk 5.1%NCPS 100 9996 16.0 o.: ;pc 623 15.0 2.!62 words
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Article54 2009-08-29 11 CLOSEDOWN iBXT Nil 10US$ 9700 -43.2 -a: laii 562 -40.3 -4." iTXPO 100 1300 -20.0 -1.! iGX.ES.0909 857 -16.0 -1.1 ir China H 10US$ 1492 -15.9 -o: ;gx 857 -15.0 -1." iBXTS&P Short 10US$ 5990 -13.0 -a: cor Mala1 10US$ 633 -13.0 -1.. 'enture Con 863 -11.0 -i.:54 words
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Article95 2009-08-29 11 litaLand 3.760 -0.030 litaMall 1.680 +0.050 :it> 10.340 :omfortDelGro 1.570 +0.020 ]osco Corp 1.270 -0.020 IBS Grp 12.900 +0.020 :&N 4.000 ientin: SP 1.020 +0.025 iolden A; 0.480 -0.010 IK Land 4.030 -0.010 IMH 28.160 +0.040 ISH 16.200 +0.020 lardine C&C 24.000 +0.280 Corp 7.800 +0.010 loble Gri95 words
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Article, Illustration497 2009-08-29 12 Teh Shi Ning - Teh Shi Ning It will acquire 14.73% of fully-diluted capital from Venture One Finance, and also option shares from 3 directors By tshining@sph.com.sg INDIAN billionaire Bhupendra Kumar Modi's Spice Group is acquiring up to about 20 per cent of home-grown voice, data andFILE PHOTO - 497 words
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Business briefing |
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40 2009-08-29 12 METAX Engineering incurred a net loss of $5.05 million for the year ended June 30, compared with a net loss of $3.04 million for the preceding year. Revenue rose 150 per cent to $28.5 million.40 words
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53 2009-08-29 12 SPINDEX Industries posted a net profit of $4.59 million for the year ended June 30 21 per cent down from last year. This followed a 20 per cent drop in revenue to $63.86 million. The firm is giving out a final dividend of 1.453 words
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59 2009-08-29 12 CHINA Hongcheng made a net loss of 11.5 million yuan (552.4 million) for the fourth quarter ended June 30, slipping from a net gain of 13.1 million yuan for the preceding year. Revenue rose 4.8 per cent to 165.2 million yuan. The company59 words
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49 2009-08-29 12 SILVERLAKE Axis's net profit for the year ended June 30 plunged 82 per cent from last year to RM19.1 million (SS7.B million). Revenue fell 63 per cent to RM54.8 million. The company declared a final dividend of 0.3 Singapore cents per share.49 words
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72 2009-08-29 12 LIAN Beng Group said that auditors have drawn an emphasis of matter to the investment in a joint-ly-controlled entity which has been reclassified as "assets held for sale" and fully impaired in prior year and amounts due from an ex-jointly controlled partner, Manhattan72 words
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39 2009-08-29 12 SCINTRONIX Corp incurred a net loss of $5.5 million for the year ended June 30 reversing from a net profit of $122,000 a year ago. Revenue dropped 38 per cent to $25.2 million.39 words
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Article32 2009-08-29 12 LANTROVISION'S net profit for the year ended June 30 fell 64 per cent from a year ago to $4.2 million. Revenue shrank 27 per cent to $93.4 million.32 words
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42 2009-08-29 12 FUNG Choi Media reported a net profit of HK5137.6 million (5525.5 million) for the year ended June 30 32 per cent lower than a year ago. Revenue rose 9 per cent to HK$l.4B billion.42 words
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52 2009-08-29 12 ELITE KSB posted net earnings of $5.35 million for the year ended June 30, up 86 per cent. This was driven by a 47 per cent jump in revenue to $64.4 million. The company declared a first and final dividend of one cent52 words
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39 2009-08-29 12 TRUMP Dragon Distillers registered a 26 per cent drop in net profit for the year ended June 30 to 104.9 million yuan (5522.1 million). Revenue fell 2 per cent to 702.9 million yuan.39 words
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57 2009-08-29 12 GRAND Banks Yachts posted a net profit of $2.1 million for the quarter ended June 30 more than three times that earned a year ago. This was despite a 68 per cent dive in revenue to $9.6 million. Earnings were boosted by a $3.9 million57 words
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Article33 2009-08-29 12 STRATECH Systems Limited announced that it has secured a US$4.O5 million sub-contract to design, co-develop and implement a TV Ordnance Scoring System for the Republic of Korea Air Force.33 words
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54 2009-08-29 12 LC Development incurred a net loss of $9.1 million for the year ended June 30, compared with a net profit of $12,000 a year ago. Revenue slipped 4.9 per cent to $58.1 million. The firm declared a first and final dividend of54 words
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Page 9 Advertisements
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Page 11 Advertisements
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Advertisement13 2009-08-29 11 91.3 m 30 BPM TO 12MH WITH^^^L BOYTfiUNPEir^^ |9t£M| ItODIVS BEST MUSIC iiriiw.iuwow.coM13 words
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FROM THE DESK OF
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Article, Illustration1299 2009-08-29 13 As the global financial system emerges from the ashes of crisis, Asian banks must seize the day and take advantage of the window of opportunity that has opened up FROM THE DESK OF Dato' Sri Nazir Razak CEO, CIMB Group THE dramatic events in the1,299 words
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SINGAPORE
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409 2009-08-29 14 Uma Shankari - Uma Shankari Firm aims to re-affirm commitment not to maximise profits, to engage using a more energetic and modern approach By shankari@sph.com.sg NTUC Income yesterday launched a rebranding campaign in a bid to make itself more relevant to younger Singaporeans. There are two aims,409 words
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364 2009-08-29 14 Bloomberg ASIAN bank bonds "look attractive" as markets recover from the global financial crisis, said Koyo Ozeki, head of credit research for the region at Pacific Investment Management Co, which runs the world's biggest bond fund. "The worst is over," Tokyo-based Mr OzekiBloomberg - 364 words
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Article, Illustration395 2009-08-29 15 Teh Shi Ning - Teh Shi Ning NUS forms unit to conduct research, training, help link up student teams with social firms By tshining@sph.com.sg NUS Business School yesterday launched a research centre to look into social entrepreneurship and philanthropy in Singapore, with a $1.5 million gift from the MrsFILE PHOTO - 395 words
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Article, Illustration190 2009-08-29 15 Xinhua - Xinhua NANYANG Technological University (NTU) and Temasek Foundation are working together to bring earthquake resistance technology to China's earthquake-prone regions. According to a statement from NTU yesterday, the programme aims to promote safer construction practices, achieve transfer of technology, and enhance the skills ofREUTERS - 190 words
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Article, Illustration349 2009-08-29 16 Felda Chay - Felda Chay Agency wants to make sustainable development research a key focus, with funding directed at four areas By feldac@sph.com.sg THE push for sustainable development has been given a boost by the Agency for Science, Technology and Research (A*Star) injecting $27.5FILE PHOTO - 349 words
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Article, Illustration423 2009-08-29 16 SINGAPORE Telecommunications (Sing Tel) will raise more than $2 million for its Sing Tel Touching Lives Fund (STLF) this year. STLF is SingTel's philanthropy vehicle in Singapore and the main thrust of the company's corporate social responsibility programme. The fund423 words
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Page 14 Advertisements
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Advertisement12 2009-08-29 14 CATS Recruit The first step on your ladder to success O O .<: <12 words
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Advertisement121 2009-08-29 14 J KSMJCSO&' &&GES AHEAD jg ,HTs A decade 0f... The Singapore Exchange's roles have evolved and grown over the years it is the money-making machine, the Asian gateway, a regulator and an innovator. Find out more in Pulses as it celebrates its 10th birthday this year. Also, delve deeper to121 words
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Page 15 Advertisements
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Advertisement11 2009-08-29 15 Lianhe Zaobao Investors bet big on tourism -related stocks SIR »f11 words
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LETTER FROM ABROAD WITH ASCOTT
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Article, Illustration612 2009-08-29 17 Tan Kirn Huat - Tan Kirn Huat LETTER FROM BEIJING NATIONAL Day came a day earlier for me this year, as the Grand Millennium Beijing the hotel where I work played host to over 500 guests for the Singapore Chamber of Commerce (SingCham) National Day celebrations on Aug 8.MILLENNIUM &COPTHORNE HOTELS - 612 words
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Page 17 Advertisements
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Advertisement209 2009-08-29 17 NOW DEFINING GLOBAL LIVING ll IN EUROPE SPECIAL 25™ ANNIVERSARY j Ascott invites you to celebrate its 25* anniversary with special rates and L" S[ fLjjHjJJyli promotions at our participating residences in Belgium, France, Germany, O/ SL^' Spain and United Kingdom. From the spacious exclusivity and refinement of r\rr RFQT209 words
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Advertisement15 2009-08-29 17 THE ASCOTT GROUP A Member of Capita Land Thisseries is broughttoyou by The Ascott Group15 words
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Page 18 Miscellaneous
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Miscellaneous19 2009-08-29 18 17 If a 7 (a -i f' jit./ 1^^^^* j -jMi DETAIL OF "LITTLE SECRETS" BY ARTIST RANDY SOLON19 words
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BT Living
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ART
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Article, Illustration1653 2009-08-29 19 I -> Woon Tai Ho - I -> Woon Tai Ho Ronald Ventura's "Nesting Ground" sold for HK$2.lB million at Sotheby's in Hong Kong last year, a world record for Filipino Contemporary art at auctions. Is Filipino art set to fill the bubble that Chinese art exploded? By BLINK and you'll miss1,653 words
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An investment guide
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Article, Illustration75 2009-08-29 19 Randy Solon (b. 1971), a relative newcomer, holds two degrees in the visual arts. He is also the recipient of numerous awards from national art competitions. One of his most attractive styles is of images in various monochromatic hues, using light so intense that it disfigures and creates75 words
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Article, Illustration112 2009-08-29 19 Kiko Escora (b. 1970) is one of Manila's hippest individuals (named as most eligible male in magazines). Al3 Artists Awardee, Kiko has taken part in solo and group exhibitions in the Philippines, Singapore, Malaysia, Thailand, Korea and Indonesia. He has also participated in several art fairs in Singapore,112 words
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Article, Illustration100 2009-08-29 19 A master of the dark and the mysterious, Barrioquinto (b. 1975) alternates between a fragmented semi-cubist style and a shadowy realism, while wallowing in a Blue period he never seems to leave. Graduating in Fine arts from the University of Santo Tomas, he received the 13 Artists Award100 words
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Article, Illustration134 2009-08-29 19 Bitancor (b. 1967) started first with social realism, going on to symbolic work full of commentary on the plight and ills of his people. He is another 13 Artists Awardee, who has exhibited extensively in the Philippines, Singapore, US, Malaysia, Thailand and Hong Kong. Trained in the University134 words
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Article, Illustration109 2009-08-29 19 His canvases are populated by monstrous characters in dark, swirling landscapes. Culaba (b. 1971) graduated from the University of Santo Tomas with a Bachelor of Fine Arts, has exhibited extensively in the Philippines, Korea and the US. A finalist at the Philip Morris Philippine Art Awards, he won109 words
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Article, Illustration82 2009-08-29 19 The baby in this grouping, Garcia (b. 1986) creates dense, crowded and textured figuration; his works are almost naive in appearance. A graduate of fine arts, majoring in advertising, Garcia was one of ten finalists at the Philippine Art Awards and a grand prize winner at the82 words
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Article, Illustration80 2009-08-29 19 A star, whose youthful career has been nothing short of stellar, lumalon (b. 1984) focuses almost exclusively on the face and its deconstruction. Starting first in the famed Philippine High School for the Arts in Los Banos, graduating as a painting major from the University of the Philippines80 words
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Article, Illustration98 2009-08-29 19 Lynyrd Paras - Lynyrd Paras by Paras (b. 1982) holds a Bachelor of Fine Arts from the Technological University of the Philippines, he is also a recipient of numerous awards and a finalist of the Philip Morris Philippine Arts Award. Lynyrd's most attractive style is the way he decorates an emotionless98 words
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CEOS' HAWKER GUIDE
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Article, Illustration1281 2009-08-29 20 Geoffrey Eu puts fiery favourites to the taste test AS its name suggests, nasi padang a plate of white rice served with a variety of pre-cooked dishes and condiments prepared with chillies, herbs and Indonesian spices has its humble roots in West Sumatra and the regional capital ofPHOTOS BY JOHN HENG - 1,281 words
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Article, Illustration626 2009-08-29 20 Audrey Phoon - Audrey Phoon Suhaimi Rafdi CEO, Cathay Organisation Holdings By SUHAIMI Rafdi speaks quickly as it is, but when the topic of conversation is something that really excites him, the words pour out even faster. So when we ask him about nasi padang, it's as if we've pressed aARTHUR LEE - 626 words
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DINING
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Article, Illustration1919 2009-08-29 21 Audrey Phoon - Audrey Phoon All-day brunch near the Botanic Gardens, stone-oven pizzas and artisanal handburgers these uncomplicated eats from three new eateries provide multiple levels of enjoyment. By Hatched #01-06, Evans Lodge 26 Evans Road www.hatched.sg To open Sept 19 QUESTION: What do you call a mischievous egg? Answer AOREGANO'S PHOTOS BY JOHN HENG - 1,919 words
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SHOPPING
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Article, Illustration422 2009-08-29 24 Melissa Lwee - Melissa Lwee Wisma Atria has positioned itself as a fashionista's mall. By WHEN you offer what women want, they'll flock to you. This was key to Wisma Atria's campaign three years ago when they launched the "What Women Want" initiative to set themselves apart from the malls422 words
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Article, Illustration450 2009-08-29 24 What's new and hot at Orchard Road Where the goods are BRITISH label Warehouse keeps its finger on the fashion pulse, and this sequin open-front blazer is proof to that. It's the perfect investment piece to channel the rocker-chick vibe and has all the makings of450 words
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Article, Illustration855 2009-08-29 25 Melissa Lwee - Melissa Lwee Having lived and breathed leather since he was a little boy, it seems only natural for Ethan Koh to choose to work with exotic skins for his accessories label Ethan K. By c... My mum's friends would ask me to make bags for themPHOTOS: JOHN HENG - 855 words
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Article, Illustration641 2009-08-29 25 Melissa Lwee - Melissa Lwee UDO Edling is a man on a mission. The Romani-an-born designer who took over as art director of German fashion house Aigner a year and a half ago, wants to inspire women all over the world to carry, not black, not blue but Chianti-colouredARTHUR LEE - 641 words
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HOME & GARDEN
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Article, Illustration1094 2009-08-29 26 personal space Glen Goei's two-storey house is an example of 1960s Modernist architecture which is relatively uncommon here. By Geoffrey Ei AS A theatre director and filmmaker, Glen Goei has a definite flair for the dramatic, but he also has a strong appreciation of history a subject hePHOTOS: JOHN HENG - 1,094 words
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GADGETS
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Article, Illustration886 2009-08-29 27 Christopher Lim - Christopher Lim Nairn's HDX and NaimUniti replace computer-based music systems. By IF you can't beat them, join them. Traditional hi-fi companies used to try to differentiate their products from computers by writing off innovations like Internet radio and MP3s as low-quality fads, but most have realised they have886 words
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HEALTH
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Article, Illustration744 2009-08-29 28 Cheah Ui- Hoon - Cheah Ui-Hoon It can protect women against the five most common cervical cancer-causing virus types. By CERVICAL cancer vaccination is now found to protect women against cancer caused by the five most common virus types, instead of just two. This recent finding is further fuelling the744 words
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SPORT
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Article, Illustration721 2009-08-29 29 ChewXiang - ChewXiang no holds barred xchew@sph.com.sg Reporter lONATHAN Wilson's Inverting the Pyramid is a remarkable book. It is a concise history of football tactics and if you ever wanted to add weight and depth to your pub commentary, this is the perfect companion. The "Makelele" role,REUTERS - 721 words
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GOLF
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Article, Illustration1134 2009-08-29 30 The First Tee Life Skills was developed by a group of sports psychologists to introduce mental exercises to golfers from a young age. By Justine Moss WHEN The First Tee of Singapore (TFTS) was launched here in 2003, it attracted just 15 young golfers to sign1,134 words
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MOTORING
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Article, Illustration584 2009-08-29 31 CV Chew - CV Chew Made by MV Agusta, the new Cagiva Mito 5P525 is surprisingly easy to ride. By DUCATI and MV Agusta are two of the most famous names in the Italian sportbike scene. While Ducati might be a household name thanks to MotoGP and Casey Stoner, the MV584 words
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Article, Illustration872 2009-08-29 32 Steve Slatei - Steve Slatei fl watch\ Can Ferrari or McLaren uphold their proud winning traditions at the Belgian Grand Prix? By THERE really couldn't be a greater contrast between the hot, dusty, concrete-lined man-made Valencia street circuit and the cool, possibly damp, tree-lined Spa Francorchamps track, high in theAFP - 872 words
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Article, Illustration822 2009-08-29 33 driving style Yves Pouliquen, MD of Michelin Malaysia, firmly believes that shopping for tyres can be an enjoyable experience. By Samuel Ec THE last thing one may associate a tyre with is coffee but that is what Yves Pouliquen refers to when he speaks passionately about822 words
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Page 20 Advertisements
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Page 22 Advertisements
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Advertisement184 2009-08-29 22 LIVING IN STYLE INTERNATIONAL 2009 Tuesday Champagne Dinner and Murder on the Orient Express DJ Jon White l-lndia Gala no qq Dinner featuring Fashion show by Rohit Bal and the Stradivarius Violins Midnight Hot show by Sylvian Imberg and "wearable art" by Bibi van der Velden Wednesday Yoga classes and184 words
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Page 29 Advertisements
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Advertisement1276 2009-08-29 29 Wine^ Cline with BTWeekend Chatterbox Chandon or Veuve Clicquot. Oscar's offers the celebratory mood with exclusive dining Hainanese Pork Chop and desserts like Level 39, Orchard Wing over 30 wine labels, available by the glass offers from the modern bistro grill, and let Nyonya Kueh, Ice Kacang and many more1,276 words
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Page 32 Advertisements
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Advertisement39 2009-08-29 32 l|| I ill^Jl A, Available in Coupe/Hardtop Cabriolet/Saloon %ggk ESSr where dreams become REALITY NEW ALEXANDRA SHOWROOM, THE ALEXCIER, 237 Alexandra Road 401-13/14/15/16 TEL: 6473 1119 ÜBI SHOWROOM. 61 Übi Aye 2, AML Building, #0216/17 TEL: 6749 11 1939 words
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WORLD
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Article, Illustration499 2009-08-29 34 S Jayasankaran - S Jayasankaran Khazanah will not sell its 64% stake because Plus provides a lot of cash, says Malaysian prime minister By in Kuala Lumpur MALAYSIAN Prime Minister Najib Razak has poured cold water on a proposal by a private company to buy the country'sAP - 499 words
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Briefing
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152 2009-08-29 34 Reuters :oul THE rival Koreas reached a deal yesterday to resume from September reunions of families torn apart by the 1950-53 Korean War, as the isolated North reaches out to its foes after being hit by UN sanctions. In another gesture that couldReuters - 152 words
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Article76 2009-08-29 34 Reuters in BRITAIN'S economy shrank by a smaller-than-expected 0.7 per cent in the second quarter, after statisticians revised up their initial estimates for manu- facturing, energy, wholesale and car dealerships. The Office for National Statistics yesterday said that the revisions reduced the annual dropReuters - 76 words
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Article120 2009-08-29 34 Reuters Ie ITALIAN Prime Minister Silvio Berlusconi is launching legal actions against media in Italy and abroad, including Britain, France and Spain, for libel in their coverage of his private life, his lawyer said yesterday. His lawyer Niccolo Ghedini said that lawyers acting for Mr BerlusconiReuters - 120 words
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108 2009-08-29 34 AP in THE agency that guarantees bank deposits in the US said on Thursday that it has no immediate plans to borrow money from the government to bolster its insurance fund, which has shrunk under the weight of collapsing banks. The fundAP - 108 words
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127 2009-08-29 34 Reuters it GERMAN Chancellor Angela Merkel said that her government is committed to its negotiating stance over carmaker Opel, which has strongly favoured car parts maker Magna's bid, a newspa- per reported. "There is a (negotiating) line that has been agreed at ministerial level,Reuters - 127 words
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Article74 2009-08-29 34 Bloomberg Manila PHILIPPINE billionaire Andrew Tan and Star Cruises Ltd yesterday opened their US$7OO million Resorts World Manila, which will double the tables in the city and may boost its casino revenue more than 120 per cent. "Our expectation is this will contribute to earnings withinBloomberg - 74 words
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Article, Illustration539 2009-08-29 35 Reuters Outcome holds wide-ranging implications for G-20 and their stimulus spending New York A DEBATE is emerging over how curbs on energy market speculation may impact oil prices, with at least one major bank boldly expecting the new rules will trigger a 30-per centReuters; AP - 539 words
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454 2009-08-29 35 AFP Washington RESEARCHERS and students at Carnegie Mellon University have developed a website which allows users to calculate their risk of dying. Deathßiskßankings.com uses public data from the United States and Europe to compare mortality risks by gender, age, cause of death andAFP - 454 words
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330 2009-08-29 35 AP San Francisco NEWSPAPERS' financial woes worsened in the second quarter as advertising sales shrank by 29 per cent, leaving publishers with US$2.B billion less revenue than they had at the same time last year. It's the deepest downturn yet during aAP - 330 words
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Article, Illustration46 2009-08-29 36 A US$22-billion urban development being built in the United Arab Emirates is set to become the world's first built-from-scratch eco-city. Designed by British architect Norman Foster, the six-hectare Masdar City will house 40,000 residents in a solar-powered, car-free, zero-waste, carbon-neutral city environment46 words
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Article779 2009-08-29 36 Paul Krugman - Paul Krugman NYT The projected USs9t deficit, while worrying, is necessary to help boost the US economy By New York SO new budget projections show a cumulative deficit of US$9 trillion over the next decade. According to many commentators, that's a terrifying number, requiring drasticNYT - 779 words
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Article, Illustration614 2009-08-29 37 Reuters Uncertainty damages tourism, limits country's rebound from recession Bangkok FORMER Thai premier Thaksin Shinawatra is showing he can still whip up supporters and flex his political muscle while in exile, signalling trouble ahead for Thailand's fragile ruling coalition and chronic political crisis. PlansReuters; REUTERS - 614 words
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Article, Illustration269 2009-08-29 37 AP New York MICROSOFT is slashing the price of the high-end Xbox 360 console by US$lOO, matching Sony's US$lOO price cut for the Play Station 3 last week. Now, both the Xbox 360 Elite and the PS3 will cost US$299. The price cutsAP - 269 words
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326 2009-08-29 37 Diageo interested in Moet stake at the right price Reuters, Bloomberg London DIAGEO'S chief executive Paul Walsh said on Thursday that he would be interested in buying the 66 per cent of champagne and cognac house Moet Hennessy that the British group does not own, if available at the rightReuters,; Bloomberg - 326 words
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SGX
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Article9124 2009-08-29 38 SZ-wks Tel ligh Low Code Company Last Sale Vol Cooo) Day Last Quote High Low Buyer Seller Div GrYld Net C'vr P/E M Cap Smil 5.5 3 3148 8Telecom I 2.5 5834 A-Sonic !9.5 12 5000 ABR Hldgs 4.5 5.5 1938 AEI Corp I 1 11009,124 words
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Article1728 2009-08-29 41 High Low Code Company Sale ('000) High Low Buyer Seller C'vr P/E Smil 6 5 1181 s AAGrp !6 12 8538 t APStrategic 1 0.5 1501 s Advanced System '5 2 3480 t Adventus !0 8.5 3518 s Afor 2.5 2 1524 t Alantac 1 3.5 7814 t1,728 words
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Article47 2009-08-29 41 Up Down Unch 7 3 8 Up Down Unch OOP Up Down Unch 7 3 8 lulti Ind Tarufl |-acturin; .ommerce -inance ,onst ruction 'roperties Tfo\ Totel Sts~ >ervices led m ateF linin; iarr Active counters with no volume for today are not included47 words
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Article175 2009-08-29 41 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 cum175 words
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Article763 2009-08-29 41 For week beginning Aug 24 Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per ShrS SHAREHOLDING Before After ('000) ('000) Stock Trans Date Substantial Shareholder/ Director Buy Sell Conv No of Shares '000 Price Per ShrS SHAREHOLDING Before After COOO) ('OOP)763 words
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STOCK MARKETS
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Article, Illustration20 2009-08-29 42 YTD change: +50.03% 52-week high: 2,763.42 on Sept 2,2008 52-week low: 1,455.47 on March 10,2009 Source: -Bloomberg-Bloomberg - 20 words
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Article, Illustration20 2009-08-29 42 YTD change: +39.70% 52-week high: 21,546.90 on Aug 28,2008 52-week low: 10,676.20 on Oct 27,2008 Source: :Bloomberg:Bloomberg - 20 words
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Article, Illustration25 2009-08-29 42 YTD change:+9.l6% 52-week high: 11,790.10 on Sept 2,2008 52-week low: 6,469.95 on March 6,2009 (Chart shows Thursday's index closing) Source: BloombergBloomberg - 25 words
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Article, Illustration20 2009-08-29 42 YTD change:+s7.ll% 52-week high: 3,478.01 on Aug 4,2009 52-week low: 1,664.92 on Oct 28,2008 Source: BloombergBloomberg - 20 words
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Article, Illustration18 2009-08-29 42 Source: YTD change:+lB.9o% 52-week high: 13,079.30 on Aug 29,2008 52-week low: 6,994.90 on Oct 28,2008 BloombergBloomberg - 18 words
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364 2009-08-29 42 Aug 27 %dy %yr %dy %yr dy %yr Index Change Change Change Change Change Change World Index Preliminai 775.6 -0.8 14.4 -0.7 17.7 -0.7 17.3 EAFE Preliminai 746.6 -0.6 15.0 -0.5 20.3 -0.5 19.9 Euroi Preliminai 1042.8 -0.4 14.4 -0.6 21.1 -0.5 20.6 Pacific 628.9364 words
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Article143 2009-08-29 42 lurrencies Bid >$/US$ to one unit of foreign currency: \ustralian dollar 1.2110 Offer 1.2123 Bid 0.8406 Offer 0.8407 :anadian dollar 1.3242 1.3261 0.9192 0.9196 iuro 2.0647 2.0671 1.4332 1.4335 IZ dollar 0.9864 0.9888 0.6847 0.6857 Sterlini 2.3459 2.3484 1.6284 1.6286 IS dollar 1.4406 1.4420 >$/US$ to WO143 words
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Article72 2009-08-29 42 Aug 27H :OCOA (£/tonne) Close Prev Hi! ;h/Low Iep09 1820 1884 1905/1790 )ec09 1838 1902 1925/1806 /larlO 1834 1900 1916/1808 /lay 10 1832 1898 1910/1822 :OFFEE (US$/tonne) Close Pev High/Low Sep 09 1375 1399 1421/1370 \lov09 1402 1423 1449/1391 Ian 10 1422 1445 1465/1413 SUGAR (US tonne) White Close72 words
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Article96 2009-08-29 42 Aug 2S Aug 2^ iOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Sep 09 1114.*****0.*****6.*****0.25 \lov09 996.00 996.*****3.50 989.25 Ian 10 997.50 997.*****5.00 991.00 vlar 10 993.50 993.*****0.00 987.00 JOYBEAN/OIL (60,000 lbs; usc/b) Close Previous High/Low Sep 09 36.21 36.46 36.70 35.96 Dct09 36.41 36.66 36.9296 words
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Article76 2009-08-29 42 Aug 27 ISS/barrel (FOB origin) Close Chang) Srent blend (1-Mth F) VTI (Near Mth) )ubai (1-Mth F) "apis blend /linas 71.00 -0.10 72.70 1.41 70.17 -0.82 76.90 -0.90 74.60 -0.80 •RODUCT ISS/barrel (FOB S pore) Close Change \l aphtha let Kerosene 68.55 -0.71 77.20 -1.7! JSS/barrel )pec Oil Basket76 words
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Article72 2009-08-29 42 Aug 2s| GOLD (US$/oz) Aug 28 Aug 27 Hong Kong 949.00 942.60 950.00 943.60 Aug 27 Aug 26 London 943.35 942.90 944.15 943.90 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 20.88 20.65 Source: UOB PLATINUM Lon (US$/oz) Aug 27 Close Previous PM Fix 1234.*****0.00 AM Fix 1235.*****8.0072 words
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Article61 2009-08-29 42 Aug 28 )elivery 4onth Opening Range Sett Price Av Price Low Vol Done Open Positioi Hh iep 09 2459 3ct 09 2390 tov 09 2357 )ec 09 2350 rotal o/p: ***** contracts 2440 2466 2420 2381 2402 2378 2370 2375 2352 2360 2366 2344 Turnover: ***** lots Market61 words
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Article65 2009-08-29 42 Aug27 Uuminium, 99.73' mrity (US$/Lonne; Close Previous lash months lopper, Grade A 1851.00 1884.00 1831.00 1866.00 3JS$/tonne) lash J months .ead (US$/tonne; 6257.50 6270.00 6276.00 6291.00 lash months 1994.75 2010.00 2033.00 2050.00 lid /tonne'; lose 'revious ;ash months "in (US$/tonne; *****.00 *****.00 *****.0( *****.0( lash months *****.00 *****.0(65 words
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Advertisement12 2009-08-29 38 iUDEMARSPIGUET I For enquiries, Tel (65) 6238 6678 www.audemarspiguet.com f*' V«J* S^3lBlL12 words
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PERSPECTIVE
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Article, Illustration1129 2009-08-29 43 Susanna Leong - Susanna Leong While a family brand naming system enables the transfer of goodwill from one product to another, it is also open to imitators. BRANDS and trade marks are valuable symbols that reflect an organisation's image and benefits. Companies have fought tooth and nailAP - 1,129 words
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Article, Illustration638 2009-08-29 43 Ju-Min Park - Ju-Min Park By KIM Hyang-soo tightened his shoelaces, grabbed his backpack and hit the subway one recent hot summer day in central Seoul. At 75, he wasn't taking a joy ride. He was setting out to accomplish something many elderly residents in South638 words
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Wealth
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Article, Illustration597 2009-08-29 44 Reuters Average portfolio holdings barely changed in August as managers remained cautious over extent of global equity rally London LEADING investors kept their portfolios steady this month, a Reuters poll showed, as the northern summer doldrums and caution about how far the global equity market rallyReuters; REUTERS - 597 words
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Article391 2009-08-29 44 Reuters Tokyo JAPAN'S public pension fund, the world's largest, turned its first quarterly profit in a year in April-June thanks to a recovery in stock prices as markets stabilised following the financial crisis. The Government Pension Investment Fund (GPIF) on Thursday reported a 3.89 perReuters - 391 words
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WEALTH INVESTING
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Article727 2009-08-29 44 Joyce Hooi - Joyce Hooi Eu Van Sang International Hold OCBC Investment Research Aug 28 close: $0.47 FY2009 in line with expectations. Eu Van Sang International Ltd's (EYS) FY2009 results were spot on with our estimates. Revenue grew 7 per cent to $222.5 million while net profit grew 164 per cent727 words
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Article, Illustration841 2009-08-29 45 Wong Sui Jau - Wong Sui Jau WEALTH INSIGHTS They can be equally safe but offer better returns than the dismal rates paid by banks General manager Fundsupermart.com DID you know that the average bank savings deposit rate in Singapore was just 0.16 per cent last month? At the841 words
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Article, Illustration1228 2009-08-29 46 Teh Hooi Ling - Teh Hooi Ling SHOW ME THE MONEY Based on the assumption that equities are not overvalued today, China is worth taking a bet on hooiling@sph.com.sg Senior correspondent EARLIER in the week, I attended a briefing by Henderson on its China fund. The fund manager, Andrew1,228 words
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Article, Illustration491 2009-08-29 47 AFP The top 100 Islamic banks held assets totalling USssBob last year, up 66 per cent from USs3sob in 2007 ASSETS held by the world's 100 biggest Islamic banks grew 66 per cent in 2008 from the previous year despite the financial turmoil that clobberedAFP; BLOOMBERG - 491 words
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559 2009-08-29 47 Reuters New York MAJOR credit rating companies hold diverging views on the state of the US junk bond market in 2010. Current forecasts for US high-yield bonds show a wide gap between bearish calls from Standard Poor's, which forecasts a 13.9Reuters - 559 words
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Article, Illustration654 2009-08-29 49 Kalpana Rashiwala - Kalpana Rashiwala As prices of new homes rise, investors are turning to auctions and the resale market. By INVESTORS who are put off by the exuberant prices of late for newer properties are turning to auctions to pick up older properties that have notFILE PHOTO - 654 words
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Advertisement229 2009-08-29 45 Rock bottom Investment product Net Yield to Maturity* Invests into BankSavingsAccount 0.16% Placed with bank (low risk) Cash Fund 0.48% Fixed deposits (low risk) Fixed deposits 0.53% Fixed deposits (low risk) 5 year SGS bond 1.36% SGS bonds (low risk) lOyearSGSbond 2.5% SGS bonds (low risk) Schroder Asian Bond 2.97%229 words
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Advertisement891 2009-08-29 48 PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/I_AND PRICE PSF PROJECTNAME/ PROP CONTRACT TENURE BUILT-IN/I_AND PRICE PSF STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) STREETNAME TYPE DATE AREA*(SQFT) (S$'000) (Ss) District 14 Serangoon Gdn Estate 1-Ter 05/08/2009 999 2713 1480 546° LANDED Simon Lodge 2-Sd 06/08/2009 FH 2671 1500 562 KimnanPark 3-Ter 06/08/2009 FH891 words
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