The Business Times, 12 February 2010
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2010-02-12
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The Business Times
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Title Section22 2010-02-12 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Friday, February 12,201022 words
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1198 2010-02-12 1 KALPANA RASHIWALA - As many as 50 of them may be launched this year but deals may take longer under revised rules and rising price expectations By KALPANA RASHIWALA [SINGAPORE] As many as 50 collective sales may be launched this year, though less than half of1,198 words
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Article164 2010-02-12 1 BT, Tuesday Welcome the Year of the Tiger with BT's special holiday issue that looks at how the Chinese aesthetics has influenced everything from fashion to food, lifestyle and culture. We look at how luxury labels are now looking to China for inspiration; peep into homes steeped164 words
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Article140 2010-02-12 1 ST INDEX 2,753.63 (+19.24) ST INDEX FUTURES 2,754.00 (+19.00) SIMSCI 329.93 (+2.37) SIMSCI FUTURES 330.40 (+3.00) FOREX US$ S$ US$ (S$ per US$) 1.411 (US$/S$ per 1.561 2.203 EURO (US$/S$/E) 1.377 1.944 Foreign currency per US$ S$ YEN 90.00 63.80 RM 3.425 2.427 HK$ 7.770 5.505 BAHT 33.17140 words
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Page 1 Advertisements
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Advertisement133 2010-02-12 1 FESTIVALS AROUND THE WORLD New Year joy in Shanghai PAGE 30 S’PORE ARTS FESTIVAL Something for everyone PAGE 28 EXEC LIFESTYLE The rise and fall of jazz clubs in Singapore PAGE 24 BOOKS McCall Smith on plotting a sunny landscape PAGE ballon bleu de Cartier 18K pink gold 42 mm133 words
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Advertisement11 2010-02-12 1 CORPORATE RESULTS NOL Q4 losses widen to US$211 m PAGE 411 words
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TOP STORIES
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Article, Illustration769 2010-02-12 2 ARTHUR SIM - It will be one of the biggest in Asia with at least 600 gaming tables By ARTHUR SIM [SINGAPORE] With at least 600 tables for baccarat, poker, blackjack and the likes, the casino at Resorts World Sentosa (RWS) will be one769 words
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386 2010-02-12 2 SIOW LI SEN - Structured notes MAS lifts sales ban on three banks DBS, Maybank, RBS can resume sales to retail customers By SIOW LI SEN [SINGAPORE] The Monetary Authority of Singapore (MAS) is lifting today its ban on DBS Bank, Maybank and the Royal Bank of Scotland (RBS) selling structured notes to retail386 words
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Article, Illustration332 2010-02-12 2 EMILYN YAP - Deal will raise value of fund’s portfolio to around US$1 b By EMILYN YAP [SINGAPORE] A private real estate fund under Mapletree Investments will be buying a Grade A office building in Beijing for 2.9 billion yuan (S$0.6 billion). Mapletree India China Fund332 words
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Article482 2010-02-12 2 Collective sales set to take off again AS many as 50 collective sales may be launched this year, though less than half of these could translate into actual deals before year-end, say property agents polled by BT. A study by property consultant Credo Real Estate has listed a482 words
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430 2010-02-12 2 Azhar says he will appeal verdict on his role in murder case Reuters AP [JAKARTA] Indonesia’s former anti-graft chief was sentenced to 18 years in jail yesterday for his role in the murder of a businessman. “Defendant Antasari Azhar has been legitimately provenReuters; AP - 430 words
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Article50 2010-02-12 2 In the report “NYSE Tech hired to set up Asean e-trad-ing link” (BT, Feb 9) we quoted a Singapore Exchange spokeswoman as having said that the trading link is expected to go live this year. This information came from an earlier press release and not from the SGX spokeswoman.50 words
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Article, Illustration736 2010-02-12 4 Reuters AP [BRUSSELS] European leaders struck a deal to provide financial aid to Greece yesterday, an unprecedented move to stave off a broader crisis in the 16-nation bloc that shares the euro single currency. The details of the package were not expectedReuters; AP; REUTERS - 736 words
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803 2010-02-12 4 ANDREW MARKS - Market preoccupied with Greek crisis, China cooling steps By ANDREW MARKS THE fourth quarter earnings reporting season has so far achieved all that investors could have hoped for, but the good news has all been obscured by a wave of803 words
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649 2010-02-12 4 VINCENT WEE - Revenue drops by nearly a third; fourth quarter net loss widens to US$211m By VINCENT WEE [SINGAPORE] A stormy FY09 buffeted Neptune Orient Lines (NOL) to a net loss of US$740.8 million, in contrast to a US$83.1 million profit in FY08. Revenue dropped by649 words
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806 2010-02-12 4 Fed figuring out how to unwind stimulus without derailing recovery or firing up inflation ANALYSIS LAT-WP LAT-WP [WASHINGTON] FOR those who worry that the Federal Reserve will not be able to unwind its elaborate efforts to support the economy in time to prevent a burst ofLAT-WP - 806 words
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Page 2 Advertisements
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Advertisement21 2010-02-12 2 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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Page 3 Advertisements
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Advertisement143 2010-02-12 3 mixury |BSyyP4ftSi#of Orchard Set in 2.5 hectares of sprawling prime land, Orchard Scotts is an architectural treasure to discover. Designed by Arquitectonica, an award-winning US firm, this prestigious residence offers a coveted address in the Orchard Road area, one of the world's most famous shopping and entertainment streets. Endowed with143 words
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Page 4 Advertisements
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Advertisement64 2010-02-12 4 Jl IHFI ■®l Newsman Sole Marketing Agent 19,000sqft Spacious Road 11,000sqft Living Space Sumptuous Interiors with Luxury Bathrooms Private Pool and Pavilion Fully furnished with Designer's furniture 1 Car park spacious for 16 cars 1 Designed by award-winning firm K2LD 1 Modern accents reflected throughout 1 Large Professional Equipped Kitchen64 words
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COMPANY NEWS
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1022 2010-02-12 5 KALPANA RASHIWALA - Full-year profit of $1.05b is down 16.4% from $1.26b in FY2008 By KALPANA RASHIWALA CAPITALAND posted net profit of $885.7 million for the fourth quarter ended Dec 31, 2009, which included an $899.8 million gain from listing a 34.5 per cent stake1,022 words
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Article668 2010-02-12 5 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY EXACTLY a month ago on Jan 11, the outlook for equities was as rosy as it had been in the previous 10 months the Straits Times Index closed at a new 16-month high of 2,933.53, investors were looking668 words
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Article, Illustration500 2010-02-12 7 EMILYN YAP - Strong performance from F&B, property; Good Indochina sales lift APB profit By EMILYN YAP FRASER and Neave (F&N) and its unit Asia Pacific Breweries (APB) turned in plum financial results for the first quarter, getting off to a roaring start even before the500 words
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271 2010-02-12 7 JAMIE LEE, JOYCE HOOI - Rival bidder Holcim gets acceptances for 9.74 million shares By JAMIE LEE, JOYCE HOOI YTL Cement Singapore may have thrown in the towel in the takeover tussle for Jurong Cement Ltd (JCL) with Holcim Investments Singapore, sources told BT. Holcim, which271 words
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Article, Illustration439 2010-02-12 7 ARTHUR SIM - By ARTHUR SIM FJ Benjamin (FJB) has reported a net profit of $1.7 million for the quarter ended Dec 31, 2009, an increase from $611,000 a year ago. Turnover for the same period was $78.96 million, down 7 per cent439 words
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139 2010-02-12 7 NEW Lakeside Holdings said it has received a letter from two individuals, Ho Kam Har and Go Wei Ho, requesting repayment of a loan that they granted to the company in December 2006. The amount of $6.56 million, comprising principal and interest, was139 words
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352 2010-02-12 7 JAMIE LEE - By JAMIE LEE DESPITE a plunge in revenue, HG Metal Manufacturing kept itself on the profit path for its fiscal first quarter ended Dec 31, 2009, helped by improved margins, lower expenses and a $6.4 million gain from the disposal of352 words
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Article, Illustration558 2010-02-12 8 CHEW XIANG - It declares interim dividend of 2 cents a share for the first time By CHEW XIANG OLAM International yesterday reported its best ever quarterly performance and for the first time, declared an interim dividend of 2 cents a share. Net profit jumpedFILE PHOTO - 558 words
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310 2010-02-12 8 ABIGAIL KOR - By ABIGAIL KOR EU Yan Sang International yesterday posted a net profit of $4.72 million for its fiscal second quarter ended Dec 31, 2009 an increase of 35 per cent year on year. The surge in earnings attributable to equity holders310 words
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390 2010-02-12 8 JAMIE LEE - By JAMIE LEE NERA Telecommunications’ full-year net earnings rose 4.9 per cent to $10.7 million, helped by foreign exchange factors. The seller of satellite communications and transmission network products saw a 7.1 per cent rise in revenue to $171.7 million for the390 words
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COMPANY BRIEFS
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Article140 2010-02-12 8 BANYAN Tree Holdings said that its wholly owned subsidiary, Banyan Tree Hotels Resorts Pte Ltd, has initiated arbitration proceedings against Meydan LLC, Meydan Group LLC and Meydan City Corporation for various breaches of the hotel management agreement for The Meydan and the Villa Management Agreement140 words
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Article93 2010-02-12 8 CONSTRUCTION-RELATED Lum Chang Holdings reported second quarter net profit was $11.05 million, compared to a net profit of $221,000 a year ago. This was in spite of a 2 per cent slip in revenue to $56.51 million. The higher profit was due to the93 words
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Article65 2010-02-12 8 INFORMATICS Education Ltd remained in the red for the fiscal third quarter ended Dec 31, 2009. Net loss was $377,000 compared to a net loss of $423,000 a year ago. Operating revenue slipped 2 per cent to $9.70 million due to the revenue decline in65 words
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Article69 2010-02-12 8 UNION Steel Holdings, a metal recycling company, reported a net profit of $2.18 million for the first half of its fiscal 2010. For the six months to Dec 31, 2009, revenue fell 57 per cent to $66.27 million. This was because of lower demand for69 words
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Article71 2010-02-12 8 CITYSPRING Infrastructure Trust has posted a net loss of $967,000 for the third quarter ended Dec 31, 2009, an improvement against the $21.2 million loss a year ago. It reported cash earnings of $10.9 million, down 46 per cent from $20.3 million a year71 words
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Article58 2010-02-12 8 WBL CORPORATION posted a first-quarter net profit of $26.2 million, nearly ten times the $2.7 million earned a year ago. This was due to a substantial $12.8 million net gain made under the category of “other gains”, reversing from a net loss of $7.94 million58 words
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Article49 2010-02-12 8 SAMTA Hotels Pte Ltd, which is acquiring Furama, said yesterday it holds 98.72 per cent of the latter as at the close of the offer. Because the free float has fallen below 10 per cent, Furama has asked for trading to be suspended immediately.49 words
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Page 5 Advertisements
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Advertisement75 2010-02-12 5 elebrate Valentine's Day and ring in the Year of the Tiger with seductive set menus ($88 $95++), cocktails and yusheng promotions at The Society Group flagship restaurants. m H* A J Si I z fyfj. J M V The Nautilus Project 2 Orchard Turn, #04-09 ION Orchard, Singapore *****1 Reservations:75 words
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Advertisement471 2010-02-12 5 BEDB BRUNEI DARUSSALAM THE BRUNEI ECONOMIC DEVELOPMENT BOARD Project to build 1500 Houses witnin 18 months in Tutong District under the National Housing Scheme of Brunei Darussalam OPEN INVITATION FOR EXPRESSIONS OF INTEREST REQUEST FOR PRE-QUALIFICATION QUESTIONNAIRE TENDER REFERENCE NO:TC 10 01 00 The Brunei Economic Development Board (BEDB) has471 words
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SINGAPORE MARKETS
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Article, Illustration595 2010-02-12 6 R SIVANITHY - STI rises 19 points as traders also digest Fed chairman’s comments on higher interest rates, withdrawal of stimulus STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index yesterday rose 19.24 points to 2,753.63, thanks to a 1.9 per cent bounce in Hong Kong and595 words
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Article66 2010-02-12 6 Feb 11 VALUE CLOSE BT OB/OS -492.00 -121.0 BT CADI -*****.00 +151.0 BT 10-day MA -*****.00 -49.00 FTSE ST Mid Cap 660.37 +2.04 FTSE ST Small Cap 518.75 +6.68 FTSE ST All Share 678.64 +4.51 FTSE ST China Top 269.15 +5.56 FTSE ST China 283.55 +4.20 FTSE66 words
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Article186 2010-02-12 6 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 14 0 3 0 0 0 14 0 3 Manufacturing 78 28 60 3 3 7 81 31 67 Commerce 23 12 25 4 3 5 27 15 30 Tpt/Stor/Comms 16 9 15186 words
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BROKERS’ TAKE
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Article295 2010-02-12 6 Feb 11 close: $0.695 KIM ENG RESEARCH, Feb 11 EARNINGS weakness in Q1 2010 was not surprising due to start-up costs and weak hotel room rates. AST is an increasingly appealing M&A target after successfully launching its online travel packages. Earnings is poised for a sharp rebound in295 words
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Article324 2010-02-12 6 Feb 11 close: $1.55 CIMB-GK SECURITIES, Feb 11 Q4 2009 core net profit of $54.1 million (+20.8 per cent y-o-y) was broadly in line with our estimate ($53.5 million) and consensus. FY2009 core net profit rose 26.5 per cent y-o-y to $219.5 mil- lion. We maintain our FY2010-2011324 words
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Article346 2010-02-12 6 JAMIE LEE - Feb 11 close: $1.80 CITI INVESTMENT RESEARCH, Feb 9 Compiled by JAMIE LEE CAPITAMALL Trust (CMT) is proposing to buy Clarke Quay for a total consideration of $268 million, at a net property income yield of 5.9 per cent. Total net lettable area of Clarke Quay is approximately346 words
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Article118 2010-02-12 6 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 12,226 12,226 26,263 26,263 Manufacturing 372,148 5,336 377,484 186,834 465 187,299 Commerce 89,730 11,363 101,093 101,971 1,603 103,573 Tpt/Stor/Comms 77,475 2,535 80,010 151,548 407 151,956 Finance 15,642 2 15,644 133,930 133,930 Construction 34,452 4,420 38,872118 words
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Article112 2010-02-12 6 Stock name Close Change Stock name Close Change CapitaLand 3.860 +0.110 CapitaMall 1.800 +0.020 CityDev 10.660 +0.140 ComfortDelGro 1.550 -0.020 Cosco Corp 1.260 +0.070 DBS Grp 14.180 F&N 3.920 +0.180 Genting SP 1.080 +0.010 Golden Agri 0.520 +0.010 HK Land 4.550 +0.060 JMH 30.200 -0.140 JSH112 words
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Article, Illustration571 2010-02-12 6 CURRENCIES Reuters [LONDON] The euro inched up yesterday, supported after European officials signalled that they had agreed to help Greece tackle its sovereign debts. EU President Herman Van Rompuy said that several key euro zone officials had reached a deal toReuters; BLOOMBERG - 571 words
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Article56 2010-02-12 6 VOLUME Genting SP 114,026,000 Eastgate Tech 83,399,000 Golden Agri 56,785,000 ChinaHuAn 31,004,000 Ying Li 30,011,000 Oceanus 24,214,000 Sin Heng 23,113,000 CapitaLand 20,864,000 China Hongxing 20,438,000 IndoAgri 18,899,000 VALUE($) Genting SP 123,844,640 CapitaLand 79,506,840 DBS Grp 62,183,346 Noble Grp 48,657,740 UOB 39,097,526 IndoAgri 37,976,450 SIA 34,210,880 SingTel 29,702,07256 words
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Article117 2010-02-12 6 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 334.3 2.3 DBXT MSEurope 10US$ 3975 114.3 2.1 DBXT FTChina25 10US$ 2820 74.8 1.9 OCBC Bk 5.1%NCPS 100 ***** 58.0 0.6 DBXT DJE50 10US$ 3933 42.3 0.8 Great Eastern 1374 42.0 3.2 OCC 5.1% NCPS 100 ***** 40.0 0.4 CIMBAsean40 100US$117 words
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Article116 2010-02-12 6 BY CENTS CLOSE DOWN Jardine C&C 2360 -58.0 -2.4 DBXT S&P Short 10US$ 5587 -46.6 -0.6 UOB 5.05%NCPS 100 ***** -40.0 -0.4 JMH 3020 -19.8 -0.5 JSH 1686 -14.1 -0.6 UOB.ES.1002 1836 -8.0 -0.4 UOL 394 -6.0 -1.5 Furama 195 -5.0 -2.5 IFS Capital 50.5 -5.0 -9.0 LionAsiapac 32116 words
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Article87 2010-02-12 6 Feb 11 CHNG YR 2010 CLOSE FR Feb 10 S$ LOW S$ HIGH US$ 1.4121 0.36 1.4219 1.3869 Euro 1.9426 0.49 2.0153 1.9426@ Pounds 2.1987 1.25 2.2776 2.2142 A$ 1.2547 -1.10 1.2923 1.2276 Yen* 1.5686 0.81 1.5897 1.5027 Rupiah* 0.***** 0.47 0.***** 0.***** Baht* 4.2578 0.3387 words
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Page 7 Advertisements
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Advertisement2530 2010-02-12 7 BUY IT-SELL IT-FIND IT MATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES to $x s us m BS 2 m CHINA FLEXIBLE PACKAGING HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of China Flexible Packaging Holdings Limited2,530 words
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Advertisement1188 2010-02-12 8 WATS NOTICES BUY IT• SELL IT• FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg y epur0i?i!i EPUHE INTERNATIONAL LTD. EPURE INTERNATIONAL LTD. (Incorporated in Singapore on 7 November 2005) (Company Registration Number: *****5422C) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of Epure International Ltd.1,188 words
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Advertisement603 2010-02-12 8 In the Matter of the Companies Act, Cap. 50 Section 290(2)(b) And In the Matter of CEMENTHAI ROOF PRODUCTS (SINGAPORE) PTE LTD (In Members' Voluntary Liquidation) (Company Reg. No. *****2512C) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the above-named company duly convened and held at603 words
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SINGAPORE NEWS
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Article, Illustration494 2010-02-12 9 EMILYN YAP - They are in Punggol, Woodlands; another 1,000 flats in two other areas in March By EMILYN YAP THE Housing and Development Board (HDB) launched two new build-to-order (BTO) projects in Punggol and Woodlands yesterday, offering 1,534 new flats. Home seekers can494 words
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Article, Illustration356 2010-02-12 9 TEH SHI NING - By TEH SHI NING TRAINING provider NTUC LearningHub (LHUB) yesterday opened a new city campus to run courses for professionals, managers, executives and technicians (PMETs). This supports the wider labour movement’s productivity and innovation drive, said Lim Swee Say, secre-tary-general of the National Trades Union356 words
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282 2010-02-12 9 OLIVIA HO - By OLIVIA HO WHILE last year saw a 54 per cent year on year (yoy) increase in job-seekers applying for employment assistance at Community Development Councils (CDCs), it also saw a 56 per cent yoy increase in successful job placements. The bulk of the282 words
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235 2010-02-12 9 A SLICE of New York street culture will soon be in Singapore live. Celebrated graffiti artist Daze has been commissioned for US$50,000 by Mapletree, the developer of VivoCity, to create an iconic piece of artwork for the shopping mall. Born in New York,235 words
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124 2010-02-12 9 CENTRAL Provident Fund members will receive interest of 2.5 per cent a year on their Ordinary Account (OA) savings from April 1 to June 30 this year, the CPF Board said yesterday. The board also said the concessionary interest rate for HDB124 words
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287 2010-02-12 9 TEH SHI NING - By TEH SHI NING CITIBANK’S commercial banking business in Asia is expected to grow more than 15 per cent this year, its Asia-Pacific head says. Reflecting the improved mac-ro-economic environment, the growth will be driven in particular by an increasing287 words
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287 2010-02-12 9 NISHA RAMCHANDANI - By NISHA RAMCHANDANI THE average hotel room rate (ARR) in Singapore dived 17 per cent year on year to $297 in 2009, according to a study by a corporate travel services firm. UK-based Hogg Robinson Group’s 2009 Hotel Survey also shows Hong287 words
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307 2010-02-12 9 NISHA RAMCHANDANI - By NISHA RAMCHANDANI SINGAPORE-BASED clean technology firm Zeco Systems, which produces charging networks for electric vehicles (EVs), is looking to roll out its locally made Greenlots solutions overseas. “We have designed Greenlots to be affordable, easy to install and convenient to307 words
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217 2010-02-12 9 A FORMER conveyancing secretary was jailed for 12 months yesterday after she pleaded guilty to 10 charges involving the counterfeiting of stamp certificates. Irene Koh Lay Hong misappropriated $234,426 after counterfeiting certificates that were to be used in 10 property transactions,217 words
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331 2010-02-12 9 TIMOTHY SEOW - By TIMOTHY SEOW ASEAN’S fastest supercomputer officially booted up yesterday at the Nanyang Technological University (NTU), giving local researchers a leg-up in tackling key scientific issues like developing future energy sources and studying climate change. The IBM-made supercomputer is housed in a331 words
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ECONOMY WATCH
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Article, Illustration734 2010-02-12 10 Jobless rate drops to 5.3% in Jan, beating all forecasts to an 11-month low Reuters [SYDNEY] Australian employment surged past all forecasts for a fifth straight month in January while the jobless rate surprised by diving to an 11-month low, reignitingReuters; REUTERS - 734 words
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Article, Illustration421 2010-02-12 10 Bloomberg [BANGKOK] Thailand’s consumer confidence rose to the highest level in 21 months last month on optimism that the economy is recovering after a year-long recession. An index measuring sentiment advanced to 71.9 last month from 70.4 in December, the University of the Thai Chamber ofBloomberg; BLOOMBERG - 421 words
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690 2010-02-12 10 China’s cooling moves will also hurt Obama export drive AP [WASHINGTON] The United States, which led the world into recession, may now see its fragile recovery stifled by events across the globe. Dangerously high debt levels in Greece and some other European countriesAP - 690 words
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420 2010-02-12 10 Bloomberg [MADRID] The Spanish economy contracted for a seventh quarter in the final three months of last year, undermining the nation’s fight to rein in one of the largest budget deficits in the euro region. Gross domestic product fell 0.1 per cent inBloomberg - 420 words
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447 2010-02-12 10 Regulators urged to take steps now to stave off crisis Bloomberg [WASHINGTON] Commercial real estate loans have the potential to go sour and wreck the US economy unless regulators prepare now, according to a report yesterday from a watchdog Congress created forBloomberg - 447 words
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Page 10 Advertisements
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Advertisement359 2010-02-12 10 MATS NOTICES In the Matter of The Companies Act (Chapter 50) And In the Matter of MECH1 HOLDINGS PTE. LTD. (In Members' Voluntary Liquidation) Reg No. *****1404G NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuantto Section 308 of the Companies Act, Cap. 50, the Final Meeting of the359 words
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MALAYSIA/INDONESIA
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490 2010-02-12 11 PAULINE NG - Response reflects weak market sentiment, investors’ low risk appetite By in Kuala PAULINE NG MALAYSIAN disk drive component maker JCY International has fixed the institutional price for its initial public offer at RM1.60 per share 20 per cent lower than expected, That490 words
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Article, Illustration327 2010-02-12 11 Bloomberg [JAKARTA] Indonesian President Susilo Bambang Yudhoyono may propose his central bank chief after lawmakers end a probe into the rescue of PT Bank Century, an official said on Wednesday, contradicting a statement by a presidential spokesman. Rumours that Finance Minister Sri MulyaniBloomberg - 327 words
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334 2010-02-12 11 Bloomberg [KUALA LUMPUR] EON Capital Bhd, Malaysia’s sev-enth-largest banking group, is no hurry to find a merger partner or be taken over, according to chief executive officer Michael Lor. The company, which owns EON Bank Bhd, has sufficient capital to expandBloomberg - 334 words
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Page 11 Advertisements
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Advertisement581 2010-02-12 11 MAT3 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BAYAN HOLDINGS PTE LTD (In Members' Voluntary Liquidation) REG NO. *****1030E NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held at Place581 words
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Advertisement587 2010-02-12 11 IN THE MATTER OF THE COMPANIES ACT (CAP 50) AND IN THE MATTER OF AMMARINE YACHT SALES PTE LTD (In Members' Voluntary Liquidation) (Co. Reg. No. *****2466D) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed Company duly convened and held pursuant to Section 179(6)587 words
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Advertisement475 2010-02-12 11 IN THE MAGISTRATES COURT AT MALACCA IN THE STATE OF MALACCAMALAYSIA SUMMONS NO. (4) 72-2937-2008 BETWEEN SELAT HORIZON MANAGEMENT CORPORATION (Strata Title Management Corporation No. 15) PLAINTIFF AND HERMAN WILHEM ALLAN CHARLES CURBERT (Passport No.: *****47G) DEFENDANT NOTICE To: HERMAN WILHEM ALLAN CHARLES CURBERT Block 18, Marine Terrace #15-96, Singapore475 words
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Advertisement347 2010-02-12 11 adv IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BUBUN ENTERPRISES PTE LTD Co. Reg. No. *****0780Z (IN MEMBERS' VOLUNTARY LIQUIDATION) FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies Act, Cap. 50, that a Final General Meeting347 words
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Advertisement1501 2010-02-12 11 ENERSAVE CHINA ENERSAVE LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: *****6776D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ("EGM") of China EnerSave Limited (the "Company") will be held at Club@52, 52 Chin Swee Road, #02-00 Seacare Building, Singapore *****5 on1,501 words
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GREATER CHINA
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Article, Illustration738 2010-02-12 12 A fragile economy could hurt industrial commodities in the near term Bloomberg [SINGAPORE] China’s economy will slow down and may even be at risk of a crash because of the nation’s excess capacity and as loan growth slows, investorBloomberg; AP - 738 words
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Article, Illustration417 2010-02-12 12 Bloomberg [SHANGHAI] China will probably keep the yuan pegged against the dollar until June to show its control over the currency after US President Barack Obama intensified calls for appreciation, said China International Capital Corp. Chief economist Ha Jiming, who forecast last monthBloomberg; AP - 417 words
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441 2010-02-12 12 Reuters [TAIPEI] Some Taiwan LCD industry executives criticised government measures announced on Wednesday to ease restrictions on investments in China, saying the measures were not enough for them to tap opportunities on the mainland. Under the liberalisation measures, LCD makers suchReuters - 441 words
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516 2010-02-12 12 Move comes amid calls in Australia for fair and open trial Reuters AFP [CANBERRA] Australia yesterday urged China to deal quickly and transparently with the trials of four Chi-na-based employees of global miner Rio Tinto accused of bribery and stealing commercial secrets. “WeReuters; AFP - 516 words
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Article, Illustration360 2010-02-12 12 AP [HONG KONG] Hong Kong’s highest court overturned Nancy Kissel’s murder conviction in a stunning reversal yesterday and ordered that the American expatriate be retried for allegedly drugging her husband with a laced milkshake and bludgeoning him to death. Hong Kong’s CourtAP - 360 words
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INDIA
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Article, Illustration436 2010-02-12 13 Soaring food prices also raise prospects of more street protests Reuters [NEW DELHI] India’s annual food inflation rose for the third straight week, threatening to drive up the headline inflation into double-dig-its and putting more pressure on the central bank toReuters; REUTERS - 436 words
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600 2010-02-12 13 AFP [NEW DELHI] An Indian lobby group has launched a novel anti-corruption tool: the zero-rupee note that can be handed over to any crooked bureaucrat who seeks a little extra payment. The protest note literally worth only the paper it is printed onAFP - 600 words
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Advertisement309 2010-02-12 13 y j i i WINE DINE AND HOSPITALITY k.-^SnH GASTRONOMIC FESTIVAL ...at Ristorante Bologna! Captivate your date with an alluring Italian menu by Guest Chef Alessio Rossi of Hotel Splendide Royal in Switzerland. Dine in the quiet intimacy of Ristorante Bologna or under the stars at its alfresco courtyard. Available309 words
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ASIA-PACIFIC/WORLD
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Article, Illustration626 2010-02-12 14 It looks set to be replaced by China as world’s No 2 economy AFP [TOKYO] Japan’s corporate titans once seemed unstoppable, but now Toyota is in crisis, Japan Airlines is bankrupt and a host of other companies are in trouble, adding to theAFP - 626 words
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577 2010-02-12 14 Reuters [LONDON] A looming and potentially lengthy row over pensions at British Telecom overshadowed solid third-quarter results from the former state-owned telecoms company, sending its shares to a six-month low yesterday. BT used its third-quarter results to announce a long-awaited triennial pension evaluationReuters - 577 words
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417 2010-02-12 14 Reuters [SEOUL] South Korea’s central bank signalled interest rates would stay at a record low for much of the first half, citing uncertainties over the economic outlook and European sovereign debt problems. Treasury bond futures jumped and the interest rate swaps fellReuters - 417 words
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Article, Illustration542 2010-02-12 14 AFP [LONDON] Flamboyant British fashion designer Alexander McQueen was found dead at his London home yesterday, after apparently committing suicide, police and reports said. Emergency services were called to the 40-year-old’s home in central London, but he was pronounced dead at the scene. AAFP - 542 words
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Page 14 Advertisements
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Advertisement153 2010-02-12 14 CATCH TONY BLAIR LIVE AT WITH You won't want to miss one of the world's most respected and admired leaders discussing relevant and challenging global issues that may have an impact on you here in Singapore! Totally sold-out in 2008 and 2009, the event (Apr 27-29) is expected to attract153 words
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WORLD
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880 2010-02-12 15 Region’s tech industry lost 90,000 jobs, unemployment highest since 2005, new IPOs lowest since 1970s NYT [SAN FRANCISCO] Silicon Valley’s economy is sputtering and risks permanently stalling, according to an annual report by a group of researchers. Part of the toll on Silicon Valley hasNYT - 880 words
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Article, Illustration596 2010-02-12 15 NYT [WASHINGTON] As millions of people along the US East Coast hole up in their snowbound homes, the two sides in the climate-change debate are seizing on the mounting drifts to bolster their arguments. Sceptics of global warming are using the record-set-ting snowsNYT; AP - 596 words
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302 2010-02-12 15 AFP [ZURICH] Credit Suisse yesterday announced a return to annual net profit, which reached 6.7 billion Swiss francs (S$8.9 billion) in 2009, despite the impact of fourth quarter debt charges and a US fine over Iranian sanctions. The full-year net profit for the Swiss bankAFP - 302 words
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535 2010-02-12 15 Govt accused of capitalising on woes to benefit US rivals AFP [WASHINGTON] US pressure on Toyota over safety problems may underscore genuine government concerns about the Japanese carmaker but also reflects American protectionist tendencies, according to some analysts. President Barack Obama’s administrationAFP - 535 words
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339 2010-02-12 15 Bloomberg [NEW YORK] American International Group Inc, the insurer criticised by lawmakers for giving bonuses to executives after a US bailout, started an incentive plan that will give the top 10 per cent of employees the largest awards. AIG’s systemBloomberg - 339 words
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Page 15 Advertisements
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Advertisement35 2010-02-12 15 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY TIGER TALES Everything you need to know about the Year of the Tiger r K* m fm GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST35 words
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EDITORIAL & OPINION
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494 2010-02-12 16 EDITORIAL THE idea of making investors take a product knowledge test before they invest would have sounded ludicrous before the financial crisis of 2008. Certainly financial institutions would have shunned it. But now more than a year after Lehman Brothers’ failure and after hundreds of494 words
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Article, Illustration722 2010-02-12 16 SHADA ISLAM - THE BOTTOM LINE SHADA ISLAM Brussels Correspondent FINGERS crossed: Europe’s burden will get lighter. Greece will clean up its financial act, the Spanish and Portuguese economies will spring back, a new-look European Commission will take firm charge of our future and the two722 words
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Article, Illustration1000 2010-02-12 16 LEON HADAR - The new breed of Tea Partyers has an ideal target for all their frustration Obama LEON HADAR Washington Correspondent THE term “reactionary” has been commonly used in the context of European politics to tag political movements or figures who seek to return to theAFP - 1,000 words
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Article, Illustration1102 2010-02-12 17 POH BEE TIN,SANDIE WUN - S’pore the hotbed for innovation Republic has done a lot of work in this area, and the ESC will provide much encouragement and impetus to its efforts By POH BEE TIN ,SANDIE WUN Poh Bee Tin is a Tax Partner at Ernst Young Solutions LLP. Sandie Wun is a SeniorFILE PHOTO - 1,102 words
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Article, Illustration804 2010-02-12 17 ALEC VAN GELDER,DANIEL IKENSON - By ALEC VAN GELDER,DANIEL IKENSON Daniel Ikenson is Associate Director of the Cato Institute’s Center for Trade Policy Studies and author of ‘No Longer Us vs Them’. Alec van Gelder is a Project Director at International Policy Network TO protectionists and Sinophobes, China surpassing GermanyAFP - 804 words
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381 2010-02-12 17 Ms Helen Sim - LETTER TO THE EDITOR Ms Helen Sim Member, ACCA Local Executive Committee and Small Business Owner I REFER to the article “Accountancy sector poised for a shake-up” (BT, Feb 9). Small and medium practices (SMPs) generally see their niche in providing more personalised one-stop services381 words
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SHIPPING/AVIATION
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Article, Illustration480 2010-02-12 18 Order book swells to record £58.3b on demand for engines, military plane parts Bloomberg [LONDON] Rolls-Royce Group plc, the world’s se-cond-biggest maker of aircraft engines, reported profit ahead of analyst estimates and said that it will raise dividends after winning more defence and ship-motor contracts.Bloomberg - 480 words
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Article, Illustration285 2010-02-12 18 TIMOTHY SEOW - By TIMOTHY SEOW Starting today, you’ll be able to have close-up views of aircraft on the tarmac and behind-the-scenes peeks into Changi Airport’s ground operations. Just head down to the newly opened Changi Aviation Gallery at Terminal 2 for both an entertaining and educationalDESMOND LIM/THE STRAITS TIMES - 285 words
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361 2010-02-12 18 Reuters [BRUSSELS] Logistics companies DHL, UPS, Panalpina, Kuehne Nagel and DSV have been charged by the European Commission with illegally fixing prices for air freight forwarding. The case concerns suspected collusion on surcharges, the European Union’s competition watchdog said on Wednesday without identifyingReuters - 361 words
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Article3011 2010-02-12 18 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi EY470 2200 SQ456 1245 Adelaide LH9771 1740 9W4082 2215 SQ268 1740 AF8088 2215 VS7268 1740 BA7382 2215 JL5083 2215 QF82 2215 LH9770 2350 SQ269 2350 VS7269 2350 Amsterdam LO4031 0610 LO4032 2350 SQ323 0610 SQ324 2350 US5410 0610 US54113,011 words
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493 2010-02-12 18 State-owned firm building first locally made aircraft carrier Bloomberg [NEW DELHI] Cochin Shipyard Ltd, building the first Indian-made aircraft carrier, may hold an initial public offering to help fund a 10 billion rupee (S$303.9 million) dry-dock as the government presses ahead withBloomberg - 493 words
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225 2010-02-12 18 Reuters [SHANGHAI] Air China has agreed to buy 20 A320 aircraft from Airbus with a list value of US$1.63 billion. The aircraft will be delivered between 2011 to 2014 and will be supplied at a significant discount by Airbus, Air ChinaReuters - 225 words
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Article286 2010-02-12 18 SGX '000 Feb 11 S$ +/-Vol CH Offshore 0.64 0.01 339 Chuan Hup Hldgs 0.31 -0.01 40 Cosco Corp 1.26 0.07 ***** CWT Ltd 0.92 -0.02 2170 Ezra Hldgs 2.23 0.04 5167 First Ship Lease 0.58 0.01 181 Freight Links unch unch 0 Grand Banks unch unch 0286 words
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SINGAPORE STOCKS
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Article8825 2010-02-12 19 Transaction date: Feb 11 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 18 3 3148 8Telecom 15.5 unch 170 15.5 15.5 15 16 5 0.7 28.2 74.2 10 2.5 58348,825 words
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Article1641 2010-02-12 20 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 10 5 1181 s AA Grp 5 4.5 6 4.8 25 12 8538 t APStrategic 14 unch 74 14 13 14 151,641 words
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Article9382 2010-02-12 20 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.16/ APS Alpha Fund (USD)!** 0.82/ AXA Life Secure Ascent 2020 Fund 0.9214/0.9214 AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.66/ Aberdeen Asset Mgt Asia Limited American Opp 0.6274/ Asian Credit Fund 1.2198/ Asian9,382 words
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Article465 2010-02-12 20 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 111 107 6389 ABF SG Bond ETF 110.4 +1.4 15 110.4 110.4 109 110.4 504 846 427 CIMBAsean40 100US$ US793 +26 217 793 790465 words
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Article261 2010-02-12 20 52-Wk Tel Last Vol Day Last Quote Div GrYld Net MCap High Low Code Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 20 6000 AVJennings A45 46 50 3.6 7.8 3.6 117.2 31 6 6017 Genting HK US$ US20.5 -0.5 1452 21 20.5 20.5 21261 words
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FINANCE & COMMODITIES
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365 2010-02-12 21 In local curr In S$ In US$ dy yr dy yr dy yr Feb 10 Index Change Change Change Change Change Change World Index Preliminary 792.4 0.0 -4.8 -0.1 -4.9 -0.1 -5.8 EAFE Preliminary 742.9 0.5 -5.3 0.3 -6.4 0.2 -7.3 Europe Preliminary 1059.1 0.6365 words
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Article177 2010-02-12 21 Feb 11 $S Offer Bid Overnight 3/16 1/8 1-month 7/16 3/16 2-months 9/16 5/16 3-months 11/16 7/16 Overnight mode: 1/8 US$ Offer Bid 7 days 0.23 0.18 1 month 0.28 0.23 2 months 0.35 0.25 3 months 0.37 0.27 6 months 0.50 0.40 9 months 0.90 0.60 12177 words
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Article22 2010-02-12 21 Feb 11 S$ Bid Offer 1-month 1.4109 1.4122 2-months 1.4112 1.4125 3-months 1.4113 1.4127 6-months 1.4119 1.4133 Source: OCBC22 words
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Article133 2010-02-12 21 Feb 11 As at 9am 11 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2420 1.2800 Can dollar 1.3290 1.3450 Euro 1.9380 1.9610 NZ dollar 0.9790 1.0010 Sterling pound 2.2000 2.2260 US dollar 1.4080 1.4230 Local dollars to 100 units of133 words
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Article27 2010-02-12 21 Feb 11 Open High Sett STI Feb 2754 SIMSCI Feb 328.5 330.6 330.4 Taiwan Feb 267.4 270.2 closed Source: MF Global (S) Pte. Ltd27 words
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Article67 2010-02-12 21 Feb 11 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb 10 2590 2591 2590 2589 2 340 Mar 10 2588 2586 2594 2577 783 6500 Apr 10 2584 2580 2594 2575 6505 ***** May 10 2592 257867 words
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Article339 2010-02-12 21 Feb 11 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Mar10 99.7150 0 9324 Jun10 99.5700 0 7359 Sep10 99.3150 0 2835 Dec10 98.9800 0 1971 EUROYEN TIBOR FUTURES Mar10 99.5650 99.5800 99.5650 99.5750 307 4224 Jun10 99.6250 101 1622 Sep10 99.6450 101 2022 Dec10 99.6300 100339 words
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Article193 2010-02-12 21 Feb 11 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Mar 10 309.8 308.0 309.4 25 592 Apr 10 310.5 309.5 310.5 40 421 May 10 310.0 646 Jun 10 310.5 310.5 310.5 20 710 Jul 10 310.5 310.5193 words
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Article88 2010-02-12 21 Feb 11 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****S 13.05.2010 0.38 1-Year BY*****N 01.11.2010 0.41 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.60 104.62 104.53 5-Year N*****0N 1.375 01.10.2014 100.44 100.40 100.4088 words
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Article105 2010-02-12 21 Feb 10 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Mar 10 937.50 924.50 939.00 918.75 May 10 947.00 935.25 948.25 928.75 Jul 10 954.50 944.00 955.25 937.25 Aug 10 950.00 941.50 950.25 934.25 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Mar 10 38.27 38.38 38.52105 words
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Article77 2010-02-12 21 CRUDE OIL PRODUCTS Feb 10 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 71.71 0.53 WTI (Near Mth) 74.49 0.71 Dubai (1-Mth F) 72.10 1.33 Tapis blend 74.45 1.05 Minas 73.75 0.85 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 73.22 1.00 Jet Kerosene 79.50 0.90 US$/barrel Opec Oil77 words
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2393 2010-02-12 21 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3 1 15 29 4.67 51 2036 Advance SCT Ltd W*****9 0.5 1 87 1844 9.00 6 8756 Asiatic Grp (H) Ltd W*****2 8.5 1 32,393 words
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Article465 2010-02-12 21 Feb 11 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.941 6.072 0.645 6.905 41.240 83.360 0.800 10.280 3.044 1.270 75.468 41.071 1.254 6.819 0.947 28.474 29.474 0.569 0.889 Canada 1.063 6.455465 words
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Article85 2010-02-12 21 Feb 11 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-02-12 21 Feb 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2535 1.2550 0.8886 0.8888 Canadian dollar 1.3326 1.3342 0.9446 0.9449 Euro 1.9430 1.9452 1.3773 1.3776 NZ dollar 0.9865 0.9888 0.6993 0.7003 Sterling pound 2.2014 2.2037 1.5605 1.5607154 words
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Article138 2010-02-12 21 Feb 11 GOLD (US$/oz) Feb 11 Feb 10 Hong Kong 1080.30 1076.40 Feb 09 Feb 10 London 1074.35 1065.65 1075.35 1066.65 Source: Thomson Reuters CAST BAR Feb 11 (S$) Selling Buying Kilobar "52,544.49" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 117.7 49 5gm 333.84 245 10gm 597.06138 words
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Article71 2010-02-12 21 Feb 10 Feb 10 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2003.50 2023.50 3 months 2035.00 2056.00 Copper, Grade A (US$/tonne) Cash 6512.50 6567.00 3 months 6535.00 6590.00 Lead (US$/tonne) Cash 2027.50 2013.25 3 months 2045.00 2032.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article77 2010-02-12 21 Feb 10 COCOA (£/tonne) Close Prev High/Low Mar 10 2246 2238 2250/2219 May 10 2222 2210 2227/2188 Jul 10 2203 2190 2208/2171 Sep 10 2183 2170 2182/2158 COFFEE (US$/tonne) Close Pev High/Low Mar 10 1295 1300 1310/1290 May 10 1325 1331 1340/1321 Jul 10 1356 1361 1370/1352 SUGAR (US77 words
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6122 2010-02-12 22 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN RTM/ANR/TIL *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination SAN SIMEON NEW ORLEANS/CAMDEN *Loads E./W.6,122 words
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Page 22 Advertisements
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Advertisement28 2010-02-12 22 Shipping line seeking reliable logistics partners Can "they find your services here in the Shipping TO ADVERTISE, CALI IOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIIVIES28 words
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Page 23 Advertisements
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Advertisement30 2010-02-12 23 Experienced shfp maintenance services wanted. inT. Shipping Times? Legal services required by shippers owners TO ADVERTISE, CALL JOB WONG AT Can they find your services here in the Shipping Times?30 words
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executive lifestyle
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Article561 2010-02-12 24 jaime ee - off the cuff jaime ee STOP Press. We have a major announcement to make. It is with deep regret that I, the CEO of Friendly Lion Traditional Costume Manufacturer and Papeterie, announce a worldwide recall of 145,321 lion dance costumes due to defective software installed in561 words
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Article, Illustration1554 2010-02-12 24 CHRISTOPHER LIM - Bars dedicated to the music genre embark on new intiatives in a bid to find a sustainable niche, reports CHRISTOPHER LIM CHRISTOPHER LIM AS A commercial music form, jazz has always lagged behind its more popular pop or rock compatriots. As the only genre of music whose native1,554 words
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CINEMA
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Article, Illustration610 2010-02-12 25 AMANDA DE GUZMAN - A case of storylines glossed over and talents wasted, says AMANDA DE GUZMAN AMANDA DE GUZMAN IF you have a hankering for a movie about the interconnected lives of a bunch of Los Angelenos, there are far better options than Valentine’s Day, an obviously610 words
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Article, Illustration620 2010-02-12 25 JAIME EE - By JAIME EE IT’S becoming a trend that’s not likely to end any time soon. Somewhere in a parallel universe, scruffy young children are being plucked out of obscurity and sent to special schools where they discover others just like them teenaged misfits620 words
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Article, Illustration337 2010-02-12 25 CHRISTOPHER LIM - BLU-RAY Reviewed by CHRISTOPHER LIM BUYING old movies on Blu-ray has always been a debatable choice. Firstly, it’s more expensive than a normal DVD, and second, the full potential of Blu-ray technology isn’t quite exploited with vintage movies. However, when you combine a337 words
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BOOKS/SHOPPING
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Article, Illustration1205 2010-02-12 26 CLARISSA TAN - Inspiration strikes Alexander McCall Smith at the Writers Bar as he starts scribbling down the future of his Botswana characters mid-interview, reports CLARISSA TAN CLARISSA TAN IN BETWEEN sips of tea, Alexander McCall Smith tells you he’s giving you a global scoop. Grace Makutsi and PhutiARTHUR LEE - 1,205 words
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Article, Illustration666 2010-02-12 26 AFP [SINGAPORE] Wang Jing was all smiles as she strolled out of a Cartier boutique in Singapore after blowing close to US$5,000 on a watch and a ring. “It’s something I have always wanted, and besides, the economy isn’t looking too bad atAFP - 666 words
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Article595 2010-02-12 26 Mind your manners, says Alexander McCall Smith in an essay written exclusively for BT because those in the West are in danger of losing theirs A FEW days ago, I found myself in conversation with an old friend now living in Singapore. “Tell me,” I said, “what do595 words
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PURSUITS
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Article, Illustration835 2010-02-12 27 CHRISTOPHER LIM - Guitar and ukelele albums run the gamut of styles, says CHRISTOPHER LIM CD REVIEW CHRISTOPHER LIM FEW musical instruments are as versatile as the guitar and its relatives such as the ukelele and the banjo is, as this week’s round-up shows. The eponymously-titled Itmos album is835 words
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Article, Illustration542 2010-02-12 27 CHRISTOPHER LIM - GAMING By CHRISTOPHER LIM THERE’S a reason professional gamers prefer to play shooting games on Windows PCs. At the moment, there’s no better way to aim a gun at an enemy than to use a computer mouse. On the surface, it might be a542 words
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Article, Illustration578 2010-02-12 27 VALENTINES NYT [CLEVELAND] You’re standing in front of the card rack, browsing through valentines. You reject this one and that one, then suddenly you find a perfect match. You like the wording, you like the art, you make your purchase. If the recipient lovesNYT; BLOOMBERG FILE PHOTO - 578 words
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ARTS
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Article, Illustration956 2010-02-12 28 CHEAH UI-HOON - A collection of precious Mughal artefacts now owned by Kuwaiti royal couple goes on display here from today, reports CHEAH UI-HOON CHEAH UI-HOON AS if the bejewelled objects from the Mughal era aren’t valuable enough, what makes the Al-Sabah collection all the more specialYEN MENG JIIN; IMAGES COURTESY OF © THE AL-SABAH COLLECTION, DAR AL-ATHAR AL-ISLAMIYYAH, KUWAIT - 956 words
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Article, Illustration572 2010-02-12 28 AMANDA DE GUZMAN - By AMANDA DE GUZMAN UNLIKE many artists who can go on, and on, about the symbolism, or lack thereof, of their work Lim Shing Ee doesn’t quite know how to talk about her latest exhibition of sculptures and drawings, aptly titled Drawing Circus. It572 words
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Article, Illustration885 2010-02-12 28 CLARISSA TAN - By CLARISSA TAN THE Singapore Arts Festival may give us this year its most fascinating programme yet, not least because it’s going to end with mass line dancing. The festival’s new general manager, Low Kee Hong, wants to take the 33-year-old event in a new885 words
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WINE/ARTS
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1119 2010-02-12 29 N K YONG - Winemaker bridges the divide between classic and modern Barolo, reports N K YONG N K YONG IT is almost 25 years and one month to one bitterly cold morning in early January 1985 that I stood with Pio Boffa on the crest1,119 words
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AROUND TOWN
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Article, Illustration165 2010-02-12 29 FILL-YOUR-WALLS, an art gallery dedicated to promoting affordable art by emerging local artists, presents Chinatown Horizon of Changes, a solo exhibition by Chankerk. Chankerk’s fascination with Chinatown, its rich cultural heritage, commercial activities and blend of new and old architecture was the inspiration behind this series of165 words
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Article, Illustration162 2010-02-12 29 AMANDA DE GUZMAN - Compiled by AMANDA DE GUZMAN THE exhibition Life Stories is about the striking personal journey of artist Frankie Chang, as well as the stories of the subjects he chooses to preserve in his work. Once a hardened criminal who spent 20 years behind bars, Chang is a self-taught162 words
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Article, Illustration781 2010-02-12 29 CHRISTOPHER LIM - By CHRISTOPHER LIM SPECIAL occasions are perfect excuses to splurge on nice bottles of wine, but it’s tempting to head for an im-pressive-looking red that might not be appropriate for the occasion. Wines that are wonderful to drink by themselves don’t necessarily go well781 words
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FESTIVALS AROUND THE WORLD
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Article, Illustration1430 2010-02-12 30 NICHOLAS TEH - NICHOLAS TEH notes the similarities and differences in how the festival is celebrated in the Chinese city and in Singapore NICHOLAS TEH The writer is the head of product development of the consumer financial services division in OCBC Bank (China) Limited CHINESE New Year, orPHOTOS FROM OCBC - 1,430 words
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Page 24 Advertisements
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Advertisement11 2010-02-12 24 WINE Lingering taste of a visit to Pio Cesare PAGE 2911 words
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Page 25 Advertisements
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Advertisement11 2010-02-12 25 CATS Recruit The first door to your world of opportunities CLA/AUG06/g11 words
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Advertisement5 2010-02-12 25 www.omy.sg LT I TLvniJI http://blog.omy.sg/mingde/5 words
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Page 29 Advertisements
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Advertisement21 2010-02-12 29 1k Lianhe Zaobao Alkaff Mansion may get new lease of lifFe HH^LUJEHHSISS 9 if y For Subscription, call 6388 3838 www.sphsubscription.com.sg21 words
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Advertisement307 2010-02-12 29 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MARINERS HOUSE PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****1124E Extract of the Minutes of an Extraordinary General Meeting of MARINERS HOUSE PTE. LTD. duly held at 8 Cross Street #11-00 PWC Building Singapore307 words
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Page 29 Miscellaneous
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Miscellaneous329 2010-02-12 29 CRYPTIC CROSSWORD Across 1 Supporter of half-day closing (6) 4 Second drink I have makes me frisky (8) 9 Not out of touch but performing publicly? (2,4) 10 Girls maybe right to accept glamorous underwear (8) 12 One is put out when shown this (4) 13 Hazards of drivers and329 words
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Page 30 Advertisements
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Advertisement133 2010-02-12 30 The most awarded. THE ASCOTT LIMITED A Member of CapitaLand Ascott is the preferred and most awarded serviced residence brand in Asia Pacific. Thanks to our guests, our accolades in 2009 include "Best Serviced Residence Operator", "Best Serviced Residence Brand", and "Best Serviced Residence Company" by worldwide trade and travel133 words
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Advertisement12 2010-02-12 30 Brought to you by Ascott This series is brought to you by12 words
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