The Business Times, 21 May 2010
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2010-05-21
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The Business Times
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Title Section23 2010-05-21 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Friday, May 21,201023 words
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690 2010-05-21 1 CONRAD TAN - Economics of euro mess sinks in, doubts mount over political will in Brussels By CONRAD TAN [SINGAPORE] Stock markets in Asia and Europe slumped again yesterday as investors fretted over confused efforts by eurozone leaders to contain the sover-eign-debt crisis. While economic data690 words
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Article142 2010-05-21 1 ST INDEX 2,753.51 (-21.03) ST INDEX FUTURES 2,754 (-15) SIMSCI 328.01 (-2.58) SIMSCI FUTURES 327.70 (-2.00) FOREX US$ S$ US$ (S$ per US$) 1.406 (US$/S$ per 1.438 2.022 EURO (US$/S$/E) 1.242 1.746 Foreign currency per US$ S$ YEN 91.40 65.00 RM 3.275 2.329 HK$ 7.803 5.549 BAHT 32.39142 words
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863 2010-05-21 1 ANNA TEO - MTI sticking to its 7-9% growth forecast despite stunning revised Q1 numbers By ANNA ANNA TEO [SINGAPORE] The first quarter set new highs, and full-year growth may yet surpass the official forecast of 7-9 per cent if the fiscal crisis in Europe863 words
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Advertisement258 2010-05-21 1 WINE Gaga over Chateau Cheval Blanc ART THEFT Picasso, Matisse stolen from Paris museum FESTIVALS AROUND THE WORLD Party time in cosmopolitan Brussels PAGE 27 PAGE 31 PAGE 4 COMPANIES Cortina profit doubles to $12.3m PAGE EXECUTIVE LIFESTYLE Working towards a better future Why some brands are winning acclaim for258 words
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TOP STORIES
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Article578 2010-05-21 2 Growth in fast lane but European hump looms THE first quarter set new highs, and full-year growth may yet surpass the official forecast of 7-9 per cent if the fiscal crisis in Europe stabilises. The Ministry of Trade and Industry’s Q1 economic report card shows spectacular revised growth578 words
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Article, Illustration684 2010-05-21 2 TEH SHI NING - Strong Asia demand, rebound in global trade cited for rosier outlook Reports by TEH SHI NING [SINGAPORE] The Republic has bumped up both trade and export growth forecasts for the year by five points each, following Q1’s strong export rebound. Total tradeSource: MTI - 684 words
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Article360 2010-05-21 2 More US business IT spending, and China demand of e-goods [SINGAPORE] The surprising strength of Singapore’s electronics rebound can be traced largely to higher business IT spending in the US and greater consumption of electronic goods in China, government economists say. Electronics growth contributed to360 words
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551 2010-05-21 2 LATEST US DATA Bloomberg [NEW YORK] The index of US leading economic indicators unexpectedly declined in April, a sign that the economic expansion may slow in the second half of the year. The 0.1 per cent decrease in the New York-based Conference Board’sBloomberg - 551 words
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Article, Illustration439 2010-05-21 4 KALPANA RASHIWALA - By KALPANA RASHIWALA [SINGAPORE] Private equity property group MGPA is understood to have sold its stake in the 162 apartments it bought at The Cascadia in 2007 to a fund managed by Keppel Land’s Alpha Investment Partners. BT understands the latest sale439 words
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493 2010-05-21 4 Reuters [LONDON] A British Airways (BA) cabin crew trade union won an appeal yesterday against a legal injunction this week that had blocked a new wave of walkouts by the airline’s staff. Seeking a settlement, the Unite union said itReuters - 493 words
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692 2010-05-21 4 SIOW LI SEN - Consultant refutes assertion that Pru’s agents are better than AIA’s By SIOW LI SEN [SINGAPORE] An insurance consultancy has refuted a key claim made by Prudential, which has launched its US$21 billion rights issue to fund the US$35.5 billion acquisition of AIA. Prudential has692 words
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904 2010-05-21 4 But night curfew is extended for another three days AP [BANGKOK] The Thai government declared yesterday that it had mostly quelled 10 weeks of violent protests in the capital as buildings still smouldered, troops rooted out small pockets of resistance and residents attempted to returnAP - 904 words
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Article, Illustration247 2010-05-21 4 Reuters AP [PARIS] Art thieves stole works by Pablo Picasso, Fernand Leger, Henri Matisse, Georges Braque and Amedeo Modigliani worth 500 million euros (S$873.33 million) from a Paris museum, French police and prosecutors said yesterday. The theft of the five paintings wasReuters; AP; REUTERS - 247 words
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Advertisement481 2010-05-21 2 RafflesMedical Angle? Check. Distance? Check. Lighting? Check. Simple actions such as adjusting the height of chair or distance of keyboard from the arms seem trivial initially but they have their merits in helping one to avoid the unnecessary aches after a hard day at work. All these ideas are encapsulated481 words
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Advertisement192 2010-05-21 3 r n i t a 9 m Where you have real luxury of space Deluxe 3+study and 4-bedroom apartments with private lifts now available ym gift 4 '"pn 1 I h m 7m S u r >j« O# 2»3U9£-~> r-?Sr=. f---- ■yi i A Miami-inspired resort lifestyle beckons now refined192 words
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Advertisement52 2010-05-21 4 adv JURONG WAREHOUSE Up to 255,000 sq ft covered Up to 100,000 sq ft open space Automated Storage Retrieve System (ASRS) available Full rackings option Min. 7 metres floor to ceiling height •Ample loading/ unloading area Logistics services available Short long term lease available LHN Call GROUP CCTO nncc iiii.iimjHi52 words
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Advertisement21 2010-05-21 4 Magnificent OceanView: Lease or Sale 7 Brand New 3 bedrooms suite JERRY LUM Marketing Director, MBA, CES HP+65 8288 0098 http://jerrylum.myweb.sg/21 words
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Advertisement7 2010-05-21 4 Thai businesses count the cost, Page 167 words
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Advertisement255 2010-05-21 5 f ft* Q.tr. t :l- :,S'M»« > V J: .< iy ;> ,1 <j.?4?w8 > i<r. I. »v .J v !r.. c m 1 }|f i'V.V T i iv.v'w ;V i-fcS I \v v/'. I 1 v. m \Vr. 3->"V aw.'*. 4cv*r4« J lS V •:< f £3 -.i' *.<255 words
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COMPANY NEWS
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432 2010-05-21 6 JOYCE HOOI - US judge turns down request for injunction against launch of offer By JOYCE HOOI CASCAL has failed in its court bid for a preliminary injunction, paving the way for Sembcorp Industries to launch its voluntary tender offer for shares in the Dutch432 words
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Article, Illustration295 2010-05-21 6 Award follows last week’s contract of US$17-US$27m SWIBER Holdings, an integrated construction and support services provider to the offshore industry, said it has been awarded a deal worth approximately US$618 million by a major oil and gas operator in South Asia. Announcing this295 words
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650 2010-05-21 6 FELDA CHAY - HOCK LOCK SIEW By FELDA CHAY IF THERE is a company that needs to communicate more with its shareholders, it would be Teledata. A recent string of events appear to link the company with ex-bank owner Agus Anwar, which in turn have raised speculation650 words
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182 2010-05-21 6 DARCO Water Technologies Ltd said the Singapore Exchange has ordered the company to start a special audit into the past three years of accounting record of its wholly owned subsidiary, Darco Engineering Taiwan Inc. “The company has been verbally directed by SGX to182 words
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298 2010-05-21 6 Bloomberg [SINGAPORE] The European draft rule to tighten hedge-fund regulations may make it “unduly difficult and onerous” for Singa-pore-based alternative investment managers to access investors in Europe, according to the hedge-fund industry’s largest trade group. “The latest set of directives, if left unchanged,Bloomberg - 298 words
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Article, Illustration385 2010-05-21 7 JAMIE LEE - No big surprises for oil gas players: analyst By JAMIE LEE THE first quarter of this year held few surprises among oil and gas players, according to OCBC Investment Research. Most of those it covers performed in line with expectations. “Unlike Q3 and Q4 2009, Q1 2010 did not seeBLOOMBERG - 385 words
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Article, Illustration545 2010-05-21 7 Group paying 123 billion rupees for permits in 13 of the 22 regions Bloomberg [MUMBAI] Bharti Airtel Ltd, India’s largest carrier and a unit of Singapore Telecommunications Ltd, scrapped plans to offer nationwide high-speed mobile phone services after bidding in a governmentBloomberg; REUTERS - 545 words
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509 2010-05-21 7 UMA SHANKARI - By UMA SHANKARI MCL Land trumped six other developers with its top bid of $207.5 million for a 99-year leasehold residential site at Hougang Avenue 2. The price works out to $456 per square foot per plot ratio (psf ppr) higher than509 words
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Article, Illustration420 2010-05-21 9 JAMIE LEE - Revenue from new S’pore, Taipei, M’sia outlets lifts sales 22.1% to $278m By JAMIE LEE CORTINA Holdings posted a near doubling in net profit for the full year ended March 31, helped by firmer sales and the absence of a one-off inventory lossFILE PHOTO - 420 words
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Article, Illustration442 2010-05-21 9 JASLENE PANG - By JASLENE JASLENE PANG TIONG Seng Holdings, a recently listed construction group and property developer, has signed a 4.5 billion yuan (S$921 million) agreement with the master developer of Tianjin Eco-City and a Japanese real estate company to create the442 words
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259 2010-05-21 9 KEPPEL Telecommunications Transportation Ltd (Keppel T&T) will more than triple its warehousing capacity in Vietnam through a joint venture signed by its associate company, Indo-Trans Keppel Logistics Vietnam Co, Ltd (ITL Keppel), and the opening of two new distribution centres. The joint venture,259 words
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COMPANY BRIEFS
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64 2010-05-21 9 WEE Hur Holdings plans to invest 66.8 million yuan (S$13.8 million) for a 30 per cent stake in a joint venture (JV) to engage in property development and related businesses in China. Wee Hur has entered into a non-binding64 words
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115 2010-05-21 9 WILMAR International has contracted two shipyards to build four 82,000 deadweight tonnes (DWT) Kamsarmax-class bulk carriers for a total of US$127.6 million. The two yards Jiangsu Eastern Heavy Industry Co, Ltd and Sainty Marine Corporation Ltd will deliver two vessels each by the115 words
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144 2010-05-21 9 E3 Holdings and subsidiary Englo Real Estate Development Pte Ltd (ERE) have commenced litigation proceedings relating to two proposed acquisitions in China. The move includes proceedings against former E3 and ERE directors Peter Ngo and Anthony Soh and former ERE director Kenneth Ngo. The144 words
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83 2010-05-21 9 RADIANCE Group said that its indirect subsidiary, Radiance Energy Technology (RET) in Beijing, has received a 28 million yuan claim filed by Thumb Mining Investments. The claim is related to alleged breach in a lease agreement with Thumb Mining relating to a premises in83 words
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Advertisement1137 2010-05-21 6 BUY IT- SELL IT- FIND IT MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg *Jtt f &fT KOSffiffiSil CHANG HWA COMMERCIAL BANK, LTD. CHANG HWA BANK HEAD OFFICE: TAIWAN R.O.C. r BALANCE SHEETS DECEMBER 31, 2009 AND 2008 (In Thousands of New Taiwan Dollars, Except Par Value of Capital Stock) ASSETS1,137 words
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Advertisement11 2010-05-21 6 CATS Recruit The first step on your ladder to success CLA/AUG06/g11 words
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Advertisement232 2010-05-21 7 Double the space Double the luxury Double the qaio i Nestled within a preferred landed residential enclave and surrounded by a host of conveniences, Kovan Residences penthouses present you valuable assets that you can bank on. KOVAN {<■ gtn.'i- 1 2*4' r >' ;j» *> K Penthouse Suites Penthouse Duplexes232 words
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SINGAPORE MARKETS
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Article, Illustration549 2010-05-21 8 R SIVANITHY - Traders sell into strength as Europe’s problems persist; ST Index sheds another 21 points STOCKS R SIVANITHY Senior Correspondent TRADERSsoldintostrength yesterday, dragging the Straits Times Index (STI) down 21.03 points to 2,753.51 as Europe’s problems continued to cast a pall. Indices in Hong Kong, Japan andSource: Bloomberg - 549 words
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Article65 2010-05-21 8 May 20 VALUE CLOSE BT OB/OS -834.00 +5.00 BT CADI -*****.00-251.00 BT 10-day MA -*****.00 -83.00 FTSE ST Mid Cap 669.27 -7.20 FTSE ST Small Cap 517.35 -8.92 FTSE ST All Share 679.81 -5.92 FTSE ST China Top 260.53 -1.86 FTSE ST China 282.76 +0.59 FTSE ST65 words
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Article55 2010-05-21 8 VOLUME Genting SP 124,389,000 Golden Agri 93,071,000 Noble Grp 55,907,000 Yangzijiang 49,325,000 Sapphire 39,408,000 NOL 38,811,000 Wilmar 34,869,000 Abterra 33,113,000 Cosco Corp 31,688,000 Healthway 27,405,000 VALUE($) Wilmar 194,063,720 Genting SP 117,859,740 DBS Grp 110,754,080 Noble Grp 96,333,080 NOL 74,563,050 Yangzijiang 62,098,250 Keppel Corp 58,819,672 UOB 56,147,420 OCBC55 words
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Article186 2010-05-21 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 11 3 0 0 0 2 11 3 Manufacturing 20 105 62 1 8 13 21 113 75 Commerce 8 32 22 2 5 3 10 37 25 Tpt/Stor/Comms 6 30 7186 words
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BROKERS’ TAKE
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Article, Illustration396 2010-05-21 8 Oil Gas Sector OCBC Investment Research, May 20 MOST of the stocks under our sector coverage had reported Q1 2010 results by mid-May, and with the exception of KS Energy, Ezra Holdings and Swiber Holdings, their results were in line with expectations. Unlike Q3 and Q4 2009, Q1 2010 didSource: Bloomberg - 396 words
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Article551 2010-05-21 8 CONRAD TAN - Compiled by CONRAD TAN CIMB-GK Research, May 20 THE magnitude of rental slides and undemanding valuations have made owning office stocks more favourable, in our view. We identify four key trends that could mark turning points for office rents and recalibrate investors’ yield expectations for office assets. Our551 words
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Article119 2010-05-21 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 28,819 28,819 93,473 93,473 Manufacturing 382,934 34,924 417,858 440,744 904 441,648 Commerce 175,800 10,302 186,102 226,459 2,108 228,567 Tpt/Stor/Comms 160,457 1,276 161,733 280,412 181 280,593 Finance 32,414 32,414 250,843 250,843 Construction 47,262 43,438 90,700 9,795119 words
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Article111 2010-05-21 8 Stock name Close Change Stock name Close Change CapMallsAsia 2.100 CapitaLand 3.590 +0.020 CapitaMall 1.910 +0.010 CityDev 10.240 -0.160 ComfortDelGro 1.460 -0.040 DBS Grp 13.920 -0.280 F&N 4.760 -0.020 Genting SP 0.945 +0.015 Golden Agri 0.520 HK Land 4.770 +0.060 JMH 34.420 +0.400 JSH 19.380 -0.600111 words
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Article, Illustration497 2010-05-21 8 CURRENCIES [NEW YORK] The euro fell in volatile trade yesterday, staying vulnerable on concerns that other European countries may announce regulations similar to Germany’s ban on naked short selling of some assets. Higher-yielding currencies such as the Australian dollar were under heavyBLOOMBERG - 497 words
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Article112 2010-05-21 8 BY CENTS CLOSE UP DBXT FTVietnam 10US$ 4285 137.7 2.3 DBXT MSEurope 10US$ 3681 119.5 2.4 OCC 3.93% NCPS10 8800 80.0 0.9 JMH 3442 56.2 1.2 DBXT CSI300 10US$ 865 23.9 2.0 CerebosPac 402 10.0 2.6 OCBC Bk 5.1%NCPS 100 ***** 10.0 0.1 DBXT MSAsExJp 10US$ 2649 8.4 0.2112 words
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Article124 2010-05-21 8 BY CENTS CLOSE DOWN DBXT MSKorea 10US$ 4309-375.3 -5.8 GLD 10US$ *****-344.3 -2.1 Wilmar.ES.1005 541-101.0 -15.7 Jardine C&C 2770 -90.0 -3.1 JSH 1938 -84.3 -3.0 Lyxor LatinAmerica 1 769 -53.4 -4.7 DBXT MSTaiwan 10US$ 1501 -50.6 -2.3 DBXT FTChina25 10US$ 2719 -46.4 -1.2 UOB 5.05%NCPS 100 ***** -40.0 -0.4124 words
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Article87 2010-05-21 8 Where S$ stands May 20 CHNG YR 2010 CLOSE FR May 19 S$ LOW S$ HIGH US$ 1.4068 -0.45 1.4219 1.3680 Euro 1.7406 -1.98 2.0153 1.7060 Pounds 2.0212 -1.03 2.2831 2.0003 A$ 1.1688 1.64 1.2960 1.1688@ Yen* 1.5412 -0.73 1.5927 1.4467 Rupiah* 0.***** 0.53 0.***** 0.***** Baht* 4.3440 -0.3387 words
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Advertisement48 2010-05-21 9 THE ART OF CREATION The New BMW 5 Series Unveiling In The Straits Times Tomorrow GLOBALTRADER AWARDS 2010 International Enterprise Singapore congratulates the Global Trader Awards 2010 recipients. Networking Sponsors Organised by g > ™ad™° bod #5P 0 b up SGX* SOCAR gf J r SINGAPORE EXCHANGE andTradi Singapore48 words
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SINGAPORE NEWS
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Article, Illustration603 2010-05-21 10 EMILYN YAP - Volumes and prices rise; bigger appetite for properties costing above $3m By EMILYN YAP THE private home market stayed firm in the first quarter of the year, with transaction volumes on the rise and more expensive units changing hands. According to property consultantSource: URA, DTZ Research - 603 words
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339 2010-05-21 10 UMA SHANKARI - By UMA SHANKARI TWO of the biggest real estate industry groups here the Singapore Accredited Estate Agencies (SAEA) and Singapore Institute of Surveyors and Valuers (SISV) will collaborate on professional development initiatives. SAEA and SISV unveiled an enhanced accreditation programme yesterday339 words
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Article, Illustration545 2010-05-21 10 CHEN HUIFEN - By CHEN HUIFEN WINTER has surely gone, but has spring arrived? This was one of the questions raised at the 12th SME Conference organised by the Singapore Chinese Chambers of Commerce Industry yesterday and the answer seems to be aLIANHE ZAOBAO - 545 words
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288 2010-05-21 10 TIMOTHY SEOW - By TIMOTHY SEOW CITIBANK this week announced the release of a set of books on financial education, as well as two new additions to personal credit line Citibank Ready Credit: a companion card and a rewards programme. Citibank Ready Credit essentially offers customers a288 words
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393 2010-05-21 10 EMILYN YAP - one-north plot seen attracting bids of $320-350 psf ppr By EMILYN YAP A DEVELOPER has taken a fancy to a large commercial site at North Buona Vista Drive and is ready to pay at least $320 million for it. The 99-year leasehold parcel393 words
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269 2010-05-21 10 CHAN YUPING - By CHAN YUPING YOUNG and married? You’re likelier than most to default on your debt. Those are the statistics revealed by DP Credit Bureau Pte Ltd (DPCB) which show that while Singaporeans of all age groups recorded an increasing number of credit defaults, those269 words
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424 2010-05-21 10 LEE U-WEN - By LEE U-WEN SIXTY-TWO schools in Singapore have successfully met the stricter standards to operate here so far, six months after new laws were introduced to better govern the burgeoning private education industry. The Council for Private Education (CPE) a statutory board424 words
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270 2010-05-21 10 OLIVIA HO - By OLIVIA OLIVIA HO CONSUMER confidence in Singapore seems to be on a steady growth path, with high expectations towards income in the next six months. The latest MasterCard Worldwide Index of Consumer Confidence survey saw consumer sentiment rise to a score of 86.6, up270 words
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Article1059 2010-05-21 11 TRIBUTE TO DR GOH KENG SWEE Na Boon Chong Director, consulting, South-east Asia Aon Consulting (Singapore) Pte Ltd I REMEMBER in the early 1980s Dr Goh said to the press that he did not see the value of the social sciences when asked why he did not1,059 words
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426 2010-05-21 11 RONNIE LIM - Starting in July, project to be ready by end-2011 By RONNIE LIM CONSTRUCTION of an offshore marine centre at Tuas South for oil/gas exploration production support and marine companies will start this July, with the mul-ti-million dollar project scheduled to be up and426 words
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234 2010-05-21 11 WEB Biotechnology, a Singapore-based medical technology start-up, has developed the world’s smallest and lightest wearable electrocardiography (ECG) monitoring device. Named the Spyder, it weighs 26 grams and is six cm at the longest. It can transmit real-time ECG signals to a wireless device such as234 words
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Advertisement159 2010-05-21 11 > FIFA <3<i5> KIA MOTORS Official Partner H facebook facebook.com/kia.insider Rejoice or Regret I K Buy or Wait From $89,999 The Kia Sorento. Now at pre-COE hike prices, for an extremely limited period onlya i/mmiiss/m 2.4L DOHC CVZT engine 7-seater (flexible seat with 6-speed automatic arrangements) transmission 3rd Row Air-con159 words
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ECONOMY WATCH
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Article, Illustration668 2010-05-21 12 ANTHONY ROWLEY - Rise in consumer spending and investments reflects domestic demand pick-up By ANTHONY ROWLEY JAPAN’S export-led economic recovery continued in the first quarter of this year, producing a 1.2 per cent increase in real gross domestic product (GDP) or 4.9 per cent at anAP - 668 words
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580 2010-05-21 12 Jobless rate will fall to between 9.1% 9.5%, says FOMC AFP [WASHINGTON] A strong-er-than-expected US economic recovery will catapult growth and substantially reduce unemployment this year, minutes of the latest Federal Reserve meeting said on Wednesday. In a rare glimmer of hope amidAFP - 580 words
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459 2010-05-21 12 Bloomberg [WELLINGTON] New Zealand will raise sales tax for the first time in two decades and cut income taxes to encourage household savings and reduce the “vulnerability” of a swelling foreign debt. The sales tax will increase to 15 per cent fromBloomberg - 459 words
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593 2010-05-21 12 Reuters [PARIS] Germany’s curb on speculative trading has cast doubt on Europe’s ability to build the sort of economic governance that many believe is now essential for the euro’s survival. The move stunned France and showed how the eurozone’s two largest economies are strugglingReuters - 593 words
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Advertisement51 2010-05-21 12 WINE DINE AND HOSPITALITY MANDARIN Say "OiishiF'to the first ever Japanese buffet Sunday brunch available in a hotel in Singapore, featuring a free flow of Kirin beer; Japanese cocktails and Chandon sparkling wine. For reservations, please call 6831 6288/71 or email dine.orchard@meritus-hotels.com www.meritus-hotels.com MANDARIN ORCHARD SINGAPORE MANAGED BY MERITUS HOTELS51 words
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MALAYSIA/INDONESIA
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Article, Illustration537 2010-05-21 13 PAULINE NG - Indonesian unit’s contribution soars; group seeks further 17.1% Niaga stake By in Kuala PAULINE NG CIMB Group Holdings has started the year with a sprint, registering a net profit of RM838 million (S$359 million) for the first quarter to end March, representing a537 words
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380 2010-05-21 13 S JAYASANKARAN - It may be raised to 60, closing gap with other Asian countries By S JAYASANKARAN THE government is looking at raising the retirement age for civil servants to 60 a move that could be announced this year when the 2011 budget is380 words
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Article, Illustration272 2010-05-21 13 AFP [JAKARTA] Indonesia’s an-ti-graft commission is investigating rampant corruption in the forestry sector that has cost the state more than US$100 billion, an official said yesterday. Corruption Eradication Commission deputy chairman Mohammad Jasin said that investigators had found “indications of violations” of forestry rules byAFP - 272 words
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738 2010-05-21 13 Reuters [JAKARTA] Indonesia’s new Finance Minister, Agus Martowardojo, said yesterday he would continue reforms of the civil service, tax and customs offices, which are crucial for attracting investment and spurring growth in South-east Asia’s biggest economy. Investors have welcomed the appointment of careerReuters - 738 words
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Advertisement149 2010-05-21 13 THE ART OF CREATION The New BMW 5 Series Unveiling In The Straits Times Tomorrow "V Vi-'--m L& 1 <■.» 'mzz i v 15 minutes from sty e hold -ma jsssff'o-:. i •It m £M IP"! own a resort home with country and city clubhouse membership Zero payment for the149 words
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GREATER CHINA
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487 2010-05-21 14 It says it will modify currency based on economic situation Bloomberg [HONG KONG] Chinese officials said the country won’t yield to global calls to end the yuan’s 22-month peg, damping speculation next week’s US-China trade talks would trigger appreciation. China won’t succumbBloomberg - 487 words
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345 2010-05-21 14 Reuters [BEIJING] Sovereign debt troubles in Europe underscore how important it is for the United States to control its own borrowing as its indebtedness reaches worrying levels, a senior Chinese official said yesterday. With China facing criticism for holding its currency inReuters - 345 words
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225 2010-05-21 14 AP [BEIJING] China disclosed widespread corruption yesterday linked to its 4 trillion yuan (S$818 billion) stimulus, announcing that thousands of officials have been punished for taking bribes, embezzlement and other abuses. The announcement confirmed public fears that the flood of spending andAP - 225 words
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Advertisement986 2010-05-21 14 NOTICES BUY IT SELL IT FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg Clariden Leu Clariden Leu Ltd. FINANCIAL REPORT 2009 Important: The following notice contains a summary of the financial statements of Clariden Leu Ltd. for the year ended 31 December 2009. The notes of the financial statements form an986 words
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Advertisement102 2010-05-21 14 Get tabla! delivered to your doorstep for just $2 a month! (Delivered every Friday of the month) —iniiig TA Trend or tradition* O INDIAN COMMAS Jt± SUN. SAND SEA AND A N0 HER CAST ,984BHOPAL sss& YOGA hmaw (AALAVW*""' hi. r -»mrm egSBSa jimjjSB a" ..not I" 1 S»—5 *em*>102 words
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GREATER CHINA/INDIA
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427 2010-05-21 15 The govt is likely to use the unexpected windfall to cut its fiscal deficit AP [MUMBAI] A fierce auction for 3G cell-phone spectrum in India ended on Wednesday, generating US$14.6 billion for the government, the Department of Telecommunications (DOT) said. The governmentAP - 427 words
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Article, Illustration635 2010-05-21 15 So far Germany is winning, with trade at 82.4b euros Bloomberg [SHANGHAI] German and US trade delegations crisscrossed Shanghai on Wednesday, competing to persuade customers in the world’s fastest-growing major economy to buy more imported cars, airplanes and solar panels. Germany wasBloomberg; AFP - 635 words
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459 2010-05-21 15 Bloomberg [THIRUVANANTHAPURAM] India’s central bank signalled it may raise interest rates in a measured manner as Europe’s debt crisis outweighs inflation concerns. Global economic conditions have changed in the past six weeks and a “cautious pace is the best way to goBloomberg - 459 words
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Advertisement780 2010-05-21 15 BUY IT• SELL IT• FIND IT MATS Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES COMMERZBANK O INCOME STATEMENT AS AT 31 DEC 2009 BALANCE SHEET AS AT 31 DEC 2009 Total 844,103 625,224 BOARDS OF COMMERZBANK AKTI ENGESELLSCHAFT SUPERVISORY BOARD Klaus-Peter Muller Chairman Uwe Tschage Deputy Chairman Hans-Hermann Altenschmidt Dott. Sergio780 words
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ASIA-PACIFIC/WORLD
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Article, Illustration709 2010-05-21 16 GREG LOWE - Impact on local tourism seen to be severe if political instability continues By GREG LOWE BUSINESSES that have been hit hard by months of protests and deadly clashes on the capital’s streets say that it is too early to assess the full impact of theAP - 709 words
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292 2010-05-21 16 AFP [LONDON] A Scotsman credited with inventing the world’s first automated cash machine has died at the age of 84 after a short illness. John Shepherd-Barron died peacefully in hospital in Inverness, northern Scotland on Saturday, said funeral director Alasdair Rhind. He started thinkingAFP - 292 words
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264 2010-05-21 16 Pyongyang warns of war over global team’s probe verdict AFP [SEOUL] North Korea has threatened“ all out war” after South Korea accused Pyongyang yesterday of torpedoing a warship near their disputed border. The South’s President Lee Myung Bak promised “resolute countermeasures” after a multinationalAFP - 264 words
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447 2010-05-21 16 AFP [ATHENS] Tens of thousands of Greeks demonstrated in Athens and other cities yesterday in the second general strike this month against a debt-dictat-ed pension reform and government spending cuts. About 17,000 people demonstrated in the capital and around 5,000 more marched in secondAFP - 447 words
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Advertisement1793 2010-05-21 16 WATS NOTICES BUY IT-SELL IT-FIND IT PT BERLIAN LAJU TANKER Tbk Having registered office in Jakarta, Indonesia ("Company") ANNOUNCEMENT TO ALL THE SHAREHOLDERS OassNK ISO 9001 BvA This is to inform the Shareholders of the Company that Extraordinary General Meeting of Shareholders (the "EGM") shall be held on Tuesday, 291,793 words
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Advertisement190 2010-05-21 16 BEATS BUY IT-SELL IT-FIND IT 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 Draper Fisher Jurvetson ePIanet International (Singapore) Advisors Pte Ltd (In Members' Voluntary Liquidation) (Co. Reg. No.*****1677G) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that190 words
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Advertisement148 2010-05-21 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF KALLY PERSONNEL (S) PTE. LTD. Company Regn No *****9038W (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final General Meeting of the members of the148 words
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Advertisement192 2010-05-21 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CORALIS SINGAPORE PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) (Company No: *****5632R) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50, that the FINAL MEETING of the members of the192 words
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Advertisement196 2010-05-21 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ARCELOR PROJECTS INTERNATIONAL PTE LTD Company Registration No. *****1102N (In Members'Voluntary Winding-Up) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap.50 that a Final Meeting of the Members196 words
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Advertisement221 2010-05-21 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF 3 rd FRONTIER SOLUTIONS PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) CO. REG. NO. *****0948C NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that the Final Meeting221 words
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WORLD
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Article, Illustration628 2010-05-21 17 Agreement over US$23.5b of loans needs nod from other lenders AFP [DUBAI] Embattled group Dubai World, whose default fears had rocked global markets, has reached agreement “in principle” with most of its bank lenders to restructure some US$23.5 billion of debt. The agreement stillAFP - 628 words
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302 2010-05-21 17 Bloomberg [LONDON] An 18th-century jade ceremonial bell fetched £2.4 million (S$4.84 million) yesterday as Asian bidders crowded into a regional UK sale to battle over Chinese artworks and ceramics. The white-stone Buddhist “ghanta” was one of 10 works of art from anBloomberg - 302 words
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Page 17 Advertisements
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Advertisement1674 2010-05-21 17 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg NORD/LB Norddeutsche Landesbank Girozentrale Head Office Singapore B GROUP CONSOLIDATED BALANCE SHEET 31.12.2009 31.12.2008 Assets (in million) (in million) Cash reserve 1,844 1,110 Loans and advances to banks 42,356 47,238 Loans and advances to customers 112,083 112,172 Loan loss provisions 1,789 -1,204 Financial1,674 words
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EDITORIAL & OPINION
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489 2010-05-21 18 EDITORIAL ON Wednesday, the United States Senate rejected a proposal to wrap up debate on a bill that was aimed at introducing sweeping reform of the US financial sector. The news was described as “surprising” by most news networks. It should not have been.489 words
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Article, Illustration799 2010-05-21 18 NEIL BEHRMANN - THE BOTTOM LINE NEIL BEHRMANN London Correspondent DAVID Cameron’s UK Coalition government comprises of putatively bright politicians. Unfortunately, pronouncements from George Osborne, the youngest Chancellor of the Exchequer in 120 years, indicate that the new government has a profound ignorance of economics. Mr799 words
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Article, Illustration947 2010-05-21 18 ANG SWEE HOON - Businesses need to be smarter rather than better, and offer something different and relevant ANG SWEE HOON The writer is Associate Professor in Marketing at the NUS Business School. She specialises in Consumer Behaviour, Advertising and Branding LIKE the proverbial phoenix rising from theAP - 947 words
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Article, Illustration1543 2010-05-21 19 MORGAN KELLY - The Irish govt’s commitment to absorb all the losses of its banking system could leave a debt-GNP ratio of 140% in 2012 By MORGAN KELLY The writer is Professor of Economics at University College Dublin. This commentary was sourced from VoxEU.org, a web portalBLOOMBERG - 1,543 words
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336 2010-05-21 19 LETTER TO THE EDITOR WHILE not wishing to comment on the merits of Prudential Plc as an investment, I am heartened to see that the proposed rights issue is just that and not the usual stitch-up that normally passes for a rights issue in336 words
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1015 2010-05-21 19 MIGUEL SYJUCO - By MIGUEL SYJUCO The writer is the author of Ilustrado, a novel about Philippine politics ONCE upon a time, everything made sense. Ferdinand Marcos was evil, Benigno Aquino was good. Poverty was caused by the dictator and his Iron Butterfly, Imelda. The1,015 words
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Page 19 Advertisements
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Advertisement62 2010-05-21 19 RECRUIT TRADERS With 5-7years experience in trading spot/ futures forex commodities. Qualifications required are masters bachelors in quantitative economics honours in mathematics. RESEARCH DESK HEAD With 3-5 years experience of statistical analysis. Preferably to Gauss, used in financial markets bourses. Qualifications required are masters in statistics economics. Compensation will be62 words
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AVIATION/SHIPPING
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Article, Illustration298 2010-05-21 20 VEN SREENIVASAN - Low-cost carriers dominate growth in April, handling 39% more passengers By VEN SREENIVASAN [SINGAPORE] Passenger traffic through Changi Airport grew for a ninth straight month in April, rising 12.6 per cent to more than 3.28 million people. This took the Janu-ary-April tally to 13.2 millionFILE PHOTO - 298 words
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406 2010-05-21 20 Carrier aims to break even this year as travel picks up Bloomberg [TOULOUSE] Air FranceKLM Group, Europe’s biggest airline, reported its biggest loss in at least two decades as fuel costs rose and the global slump hurt demand. The carrier aims to breakBloomberg - 406 words
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Article2959 2010-05-21 20 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY470 2220 Adelaide LH9771 1745 9W4082 2230 SQ268 1745 AF8088 2230 BA7382 2230 JL5083 2230 QF82 2230 LH9770 2350 SQ269 2350 Amsterdam LO4031 0605 LO4032 2345 SQ323 0605 SQ324 2345 US5410 0605 US5411 2345 AZ39922,959 words
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Article, Illustration348 2010-05-21 20 ALEC ALMAZAN - By ALEC ALMAZAN [MANILA] The Philippine Coast Guard says it has recovered a hijacked Malay-sian-registered tug and the barge it was towing. The tug Atlantic 3 and barge Atlantic 5 were found at Kinford wharf in General Santos City on the southern island ofAFP - 348 words
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Article278 2010-05-21 20 SGX '000 May 20 S$ +/-Vol CH Offshore 0.58 -0.03 1041 Chuan Hup Hldg 0.27 -0.01 120 Cosco Corp 1.46 -0.04 ***** CWT Ltd 0.88 unch 1650 Ezra Hldgs 1.78 -0.04 ***** First Ship Lea 0.45 -0.03 1505 Freight Links 0.05 0.01 1250 Grand Banks unch unch 0278 words
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Page 20 Advertisements
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Advertisement32 2010-05-21 20 FISH HEAD DIPLOMACY Indian spices, Chinese delicacy... fish head curry does its share for national integration Mexican beauty soars with Kites GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)32 words
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Advertisement207 2010-05-21 20 ASIAN FEEDER DISCUSSION GROUP (AFDG) CHITTAGONG TRADE SECTOR NOTICE TO TRADE CONGESTION SURCHARGE The following feeder operators in the Singapore/Port Klang to Chittagong and v.v. trade sector wish to inform the trade that a Chittagong Port Congestion Surcharge of US$100.00 per TEU (Laden) and US$50.00 per TEU (Empty) will apply207 words
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SINGAPORE STOCKS
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Article8635 2010-05-21 21 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 6 3148 8Telecom 15.5 -0.5 100 15.5 15.5 15 16.5 1.7 11.7 5 74.2 10 5.5 5834 A-Sonic 7.5 unch 1818,635 words
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Article1837 2010-05-21 22 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 t AA Grp 6.5 6 7.5 36.1 6.3 25 12 8538 t APStrategic 19 17.5 18.5 112.7 4 0.51,837 words
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Article9427 2010-05-21 22 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.17/ APS Alpha Fund (USD)!** 0.84/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.66/ Aberdeen Asset Mgt Asia Limited American Opp 0.6293/ Asian Credit Fund 1.2408/ Asian9,427 words
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Article696 2010-05-21 22 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 $mil 112 107 6389 ABF SG Bond ETF 111 109.5 112 506.7 883 610 CIMBAsean40 100US$ US800 -16 673 813 795 799 805 32 306696 words
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Article74 2010-05-21 22 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 $mil 56 26 6000 AVJennings A44 39 45 3.6 8 3.5 114.6 31 11.5 6017 Genting HK US$ US19 unch 1571 19 18.5 18.5 1974 words
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FINANCE & COMMODITIES
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365 2010-05-21 23 In local curr In S$ In US$ dy yr dy yr dy yr May 19 Index Change Change Change Change Change Change World Index Preliminary 806.7 -1.8 -3.1 -1.2 -7.0 -2.0 -6.8 EAFE Preliminary 743.4 -2.0 -5.3 -1.6 -13.3 -2.4 -13.1 Europe Preliminary 1057.4 -2.7365 words
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Article174 2010-05-21 23 May 20 Overnight 1/8 1/16 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.45 0.35 1 month 0.55 0.35 2 months 0.58 0.38 3 months 0.60 0.40 6 months 0.80 0.60 9 months 1.10 0.90 12 months 1.15 0.95174 words
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Article24 2010-05-21 23 May 20 S$ Bid Offer 1-month 1.4055 1.4066 2-months 1.4054 1.4066 3-months 1.4055 1.4066 6-months 1.4052 1.4064 Source: OCBC Source: OCBC24 words
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Article133 2010-05-21 23 May 20 As at 9am May Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1730 1.2080 Can dollar 1.3300 1.3460 Euro 1.7190 1.7390 NZ dollar 0.9440 0.9650 Sterling pound 2.0040 2.0270 US dollar 1.3900 1.4050 Local dollars to 100 units of133 words
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Article29 2010-05-21 23 May 20 Open High Sett STI May 2754 2754 2754 SIMSCI May 329.5 332.6 327.7 Taiwan May 266.1 267.1 262.6 Source: MF Global (S) Pte. Ltd29 words
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Article67 2010-05-21 23 May 20 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 10 2476 2493 2513 2475 513 4935 Jul 10 2462 2495 2496 2453 1981 ***** Aug 10 2450 2476 2479 2435 ***** ***** Sep 10 2437 246467 words
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Article377 2010-05-21 23 May 20 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun10 99.4000 0 1655 Sep10 99.2400 0 2157 Dec10 99.1150 0 1098 Mar11 98.9950 0 1825 EUROYEN TIBOR FUTURES Jun10 99.6250 99.6250 99.6225 99.6225 309 6092 Sep10 99.6475 221 3019 Dec10 99.6525 100 1561 Mar11 99.6450 0377 words
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Article170 2010-05-21 23 May 20 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jun 10 372.0 Jul 10 332.0 Aug 10 310.0 310.0 308.0 4 Sep 10 299.9 292.0 294.0 36 Oct 10 293.0 292.0 292.0 13 Nov 10 292.0 292.0 290.0170 words
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Article88 2010-05-21 23 May 20 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 19.08.2010 0.29 1-Year BY*****W 03.05.2011 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 104.09 104.13 104.1 5-Year N*****0N 1.375 01.10.2014 101.64 101.8 101.7588 words
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Article105 2010-05-21 23 May 19 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 10 938.50 939.50 948.50 935.75 Aug 10 930.50 933.75 940.50 927.75 Sep 10 912.50 918.00 923.25 910.25 Nov 10 905.75 913.50 917.00 902.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 10 37.50 37.19 37.62105 words
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Article77 2010-05-21 23 CRUDE OIL PRODUCTS May 19 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 73.28 -2.85 WTI (Near Mth) 70.77 1.50 Dubai (1-Mth F) 72.68 -2.72 Tapis blend 78.75 -2.70 Minas 78.25 -2.95 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 74.44 -2.73 Jet Kerosene 83.50 -2.70 US$/barrel Opec Oil77 words
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2485 2010-05-21 23 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 unch 164 1 15 4.75 48 4085 ASJ Hldgs W*****1 3.5 1 4 7 2.00 21 2036 Advance SCT Ltd W*****9 0.5 1 87 28172,485 words
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Article465 2010-05-21 23 May 20 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.878 5.696 0.672 6.510 38.791 77.214 0.763 9.965 2.732 1.229 70.444 38.378 1.173 6.510 0.958 26.777 27.023 0.580 0.834 Canada 1.139 6.490465 words
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Article85 2010-05-21 23 May 20 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article154 2010-05-21 23 May 20 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1723 1.1738 0.8341 0.8345 Canadian dollar 1.3356 1.3373 0.9503 0.9508 Euro 1.7452 1.7470 1.2417 1.2420 NZ dollar 0.9536 0.9548 0.6785 0.6788 Sterling pound 2.0208 2.0233 1.4378 1.4384154 words
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Article141 2010-05-21 23 May 20 GOLD (US$/oz) May 20 May 19 Hong Kong 1193.30 1219.20 May 18 May 19 London 1217.05 1194.55 1218.05 1195.55 Source: Thomson Reuters CAST BAR May 20 (S$) Selling Buying Kilobar "57,747.90" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 129.47 54 5gm 367.01 269 10gm 655.91141 words
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Article69 2010-05-21 23 May 19 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1970.25 2024.50 3 months 2002.00 2052.00 Copper, Grade A (US$/tonne) Cash 6473.50 6661.75 3 months 6505.00 6695.00 Lead (US$/tonne) Cash 1724.25 1803.00 3 months 1756.00 1835.00 Nickel (US$/tonne) Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0069 words
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Article77 2010-05-21 23 May 19 COCOA (£/tonne) Close Prev High/Low Jul 10 2269 2261 2275/2244 Sep 10 2231 2226 2243/2208 Dec 10 2183 2193 2204/2177 Mar 11 2167 2177 2187/2163 COFFEE (US$/tonne) Close Pev High/Low May 10 1291 1324 1311/1300 Jul 10 1336 1369 1361/1334 Sep 10 1370 1402 1392/1370 SUGAR (US77 words
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5846 2010-05-21 24 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 Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.5,846 words
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Page 24 Advertisements
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Advertisement30 2010-05-21 24 Shipping line: seeking reliable logistics partners Can they find your services here in the Shipping Times? THE BUSINESS TIMES SHIPPING TIMES TO ADVERTISE, CALI IOE WONG AT 9620 1 32730 words
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Page 25 Advertisements
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Advertisement29 2010-05-21 25 r FREIGHT FORWARDER urgently needed by shippers 1 Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 132729 words
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executive lifestyle
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Article684 2010-05-21 26 jaime ee - off the cuff jaime ee I’M CONFUSED. All this while, I thought I could speak English and knew the meaning of various words. So when a weekend car driver made all the wrong turns in the Marina Bay Sands carpark, blocking me in the684 words
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Article, Illustration627 2010-05-21 26 Melissa Lwee - Local brands are winning acclaim internationally for their contribution to sustainable business. BT speaks to three who are leading the march to a better future By Melissa Lwee CHOO YILIN ARTISAN JEWELLERY www.chooyilin.com IT is hard enough to be an entrepreneur trying to627 words
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Article, Illustration1107 2010-05-21 26 Lim Sio Hui - By Lim Sio Hui NANYANG OPTICAL www.nanyang.com.sg WHAT started off as a strategic business direction for optical chain Nanyang Optical ended up sparking off a wholehearted company policy to “go green”. “To be honest, it was initially a business decision to come up with1,107 words
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Article, Illustration760 2010-05-21 26 Audrey Phoon - Indonesian firm makes radios, stationery, toys from wood and plants more trees than it uses By Audrey Phoon MAGNO DESIGN www.magno-design.com INDONESIA is a land of stark contrasts its 17,508 islands are home to both the uber rich and the very poor; and shiny760 words
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FESTIVALS AROUND THE WORLD
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Article, Illustration1019 2010-05-21 27 LIM MONICA DEVI - The lively Iris Day festival is held every May to celebrate the region’s birthday. By LIM MONICA DEVI By LIM MONICA DEVI Lim Monica Devi is a freelance writer currently based in Brussels WHILE many people may know about the legendary beers and the addictivePHOTOS BY LIM MONICA DEVI - 1,019 words
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CINEMA/COVER
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Article, Illustration608 2010-05-21 28 GEOFFREY EU - There’s much to watch, learn and enjoy in Roman Polanski’s new dark movie, says GEOFFREY EU GEOFFREY EU A BODY washes up on a remote beach at the beginning of The Ghost Writer, a dark yet delectable new movie from Roman Polanski, a filmmaker whose608 words
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Article, Illustration487 2010-05-21 28 GEOFFREY EU - By GEOFFREY EU A DECADE on from the big-screen debut of that jolly green ogre with the light Scottish lilt, happily ever after doesn’t come soon enough, and Shrek Forever After provides incontrovertible proof that you can have too much of a good487 words
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Article, Illustration440 2010-05-21 28 CHRISTOPHER LIM - DVD REVIEW By CHRISTOPHER LIM WITH the Ip Man bio-pics, martial arts star Donnie Yen seems to have finally improved his acting to a level on par with his kung fu skills. His Bodyguard and Assassins won eight Hong Kong Film Awards and two440 words
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SINGAPORE ARTS FESTIVAL
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Article, Illustration469 2010-05-21 29 MELISSA QUEK - A collaboration between two giants in the Chinese art world. By MELISSA QUEK MELISSA QUEK WORLDre-nowned choreographer Lin Hwai Min didn’t plan for Wind Shadow, it just happened. Three years ago, New York-based visual artist Cai Guo Qiang, as the director469 words
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AROUND TOWN
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Article147 2010-05-21 29 The Story of Yeh Chi Wei eponymously features the life and works of the local artist, Yeh Chi Wei who was a well-respected art educator and leader in Singapore’s twentieth-century art scene. Many of Yeh’s works are inspired by various cultural sources, such as ancient Chinese147 words
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161 2010-05-21 29 As its name suggests, Abstraction is an art exhibition that features abstract art that focuses on the theme of nature by four well-known abstract artists from the region. It aims to inspire with a thought-provoking exhibition of 26 pieces by artists Hoe Say Yong, Li161 words
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135 2010-05-21 29 Stage Club, Singapore’s oldest theatre company, presents The Taming of the Shrew, one of Shakespeare's earliest comedies, that is considered controversial in today’s world. The story is about a strong-willed and outspoken woman, Kate, who is mellowed by a man who appears to135 words
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Article161 2010-05-21 29 Natalie Koh - Natalie Koh Previously known as Asian Arts Mart, ConversAsians is a key platform for the international community to interact with Asian artists and their work. In collaboration with the Singapore Arts Festival this year, ConversAsians will offer ticketed performances as well as talks, workshops and master classes161 words
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Article, Illustration745 2010-05-21 29 NATALIE KOH - By NATALIE KOH FIRST the audience laughed, then they cried. Director Alvin Tan and playwright Haresh Sharma from The Necessary Stage (TNC) revisited the 1990 original Those who can’t, teach as part of the Singapore Arts Festival 2010. But with the vast difference745 words
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Article, Illustration604 2010-05-21 29 SANGEETHA MADHAVAN - Manganiyars enthral S’pore audience with drums and castanets By SANGEETHA MADHAVAN THE wow factor was there from the very start as stage lights dawned on the visually arresting assemblage of boxes four levels high, with red velvet curtains drawn. Uptakes of breath could be heard604 words
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ARTS
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Article, Illustration872 2010-05-21 30 EMILYN ANG - ‘200 Artworks’ marks a quarter century for Swiss journal Parkett’s travelling retrospective, reports EMILYN ANG EMILYN ANG ”IDON’T believe in art,” Marcel Duchamp once declared, “I believe in artists.” The artist as solitary and insane genius is a much celebrated image a badgePARKETT PUBLISHERS ZURICH/NEW YORK AND ANDY WARHOL; CREDITS (FROM TOP): PARKETT PUBLISHERS ZURICH/NEW YORK AND ANISH KAPOOR;PARKETT PUBLISHERS ZURICH/NEW YORK AND DAMIEN HIRST; PARKETT PUBLISHERS ZURICH/NEW YORK AND JEFF KOONS - 872 words
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Article, Illustration815 2010-05-21 30 MADHVI SUBRAHMANIAN - By MADHVI SUBRAHMANIAN SITTING high on the roof of a building is a giant white floating bunny rabbit called Walter. Now this may sound like the start of a children’s story but it is just what one will encounter now on the roof of815 words
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Article, Illustration663 2010-05-21 30 WOON TAI HO - Singapore an art auction centre? By WOON TAI HO THE success of last weekend’s Borobudur auction has led to the revival of the debate on whether Singapore, rather than Hong Kong, should be the centre of Southeast Asian art auctions. “We had at least 300 registered paddles, and this was663 words
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500 2010-05-21 30 MADHVI SUBRAHMANIAN - By MADHVI SUBRAHMANIAN “NOWADAYS, art is global and we (Centre Pompidou) are trying to be a global museum,” says Alain Seban, president of the Centre Pompidou as he explains his perspective on signing a memorandum of understanding (MOU) with the500 words
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WINE/PURSUITS
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Article, Illustration702 2010-05-21 31 CHRISTOPHER LIM - Impressions Of The West Lake Kitaro Domo B+ Grammy Nominated Kitaro Domo B Prism Yoshida Brothers Domo B+ Fuzjko Fuzjko Hemming Domo B CD REVIEW By CHRISTOPHER LIM GRAMMY-WINNING Japanese new-age musician Kitaro may be world famous, but he isn’t signed to a major record label.702 words
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Article, Illustration1074 2010-05-21 31 N K YONG - In a tasting of six of the greatest of the recent Chateau’s vintages, the 1998 emerges as a personal favourite, says N K YONG N K YONG THE opportunity to taste six of the greatest of the recent vintages of Chateau Cheval Blanc was1,074 words
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Article, Illustration481 2010-05-21 31 CHRISTOPHER LIM - GAMING By CHRISTOPHER LIM WHEN Street Fighter IV was released about a year ago and re-established the series’ claim to the crown among two-dimensional fighting games, there was little doubt that a “Super” version would eventually be released. Previous generations of the Street Fighter franchise481 words
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Page 26 Advertisements
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Advertisement11 2010-05-21 26 SINGAPORE ARTS FESTIVAL See the wind, feel the shadows PAGE 2911 words
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Advertisement209 2010-05-21 27 Best Available Rates Featured Promotions Partnership Programmes Exclusive Member Deals i a js-. Country Australia Bahrain Belgium MiliikW France Georgia Germany India Indonesia Japan Kazakhstan Korea, South Malaysia Philippines Qatar Russia Singapore Spain Thailand United Arab Emirates United Kingdom Vietnam Aix En Provence Bangkok Bahrain Barcelona Berlin Brussels Chennai Chongqing209 words
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Advertisement12 2010-05-21 27 Brought to you by Ascott This series is brought to you by12 words
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Page 28 Advertisements
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Advertisement82 2010-05-21 28 Clearwater Sanctuary Golf Resort Malaysia www.cvvsgolf.com.my SRI DAMAI CHALETS 2D IN Deluxe Room at SD125 inclusive Breakfast, 50 Driving Range Balls, Welcome Drinks, Birdwatching, Over 15 Sports Facilities r t Free IPOH Tour (for a min. of 4 nights stay) or SD15 per person) tin dredge castle cave temple historic82 words
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Page 29 Advertisements
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Advertisement34 2010-05-21 29 Certified, Brilliant and Fancy-cut Diamonds Available with Ring Setting GOLD SILVER 302 Orchard Road #06-04ATong Building Tel 6733 0263, 6235 0905 (Appointments Preferred) Preview at www.morethandiamonds.com.sg <: t 7 aW BE CUT ABOVE THE REST34 words
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Advertisement33 2010-05-21 31 fc -S- Lianhe Zaobao 50% less developers I took part lo latest I residential land bidding Analysts: Market shows no siqn of losing steam I To subscribe, call 6388-3838 or go to sphsubscription.com.sg33 words
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Page 31 Miscellaneous
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Miscellaneous303 2010-05-21 31 CRYPTIC CROSSWORD Across: 1 Hurt mother long time afterwards (6) 4 Features informal greeting (4-4) 9 Against nameless authorised official becoming devoted adherent (6) 10 One initially nominates wizard lacking professional skill (8) 12 Not very fast-moving toadies (8) 13 Beer jar first contains refuse from grain distillery (6) 15303 words
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Page 32 Advertisements
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Advertisement98 2010-05-21 32 PATEK PHILIPPE GENEVE A rare chance to look inside the world of a family-owned watch company. Patek Philippe requests the pleasure of your company at an exclusive exhibition of 250 rare and legendary timepieces from the Patek Philippe Museum Geneva, Grand Complications and the new 2010 collection. The St. Regis98 words
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