The Business Times, 18 June 2010

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Microfilm: NL30704
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    23 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, June 18,2010
    23 words
  • Article
    Lock icon DBS in strategic rethink over business abroad
    709 1  -  Bank plans to focus more on supporting foreign ventures of Asian businesses and rich clients By CONRAD TAN [SINGAPORE] DBS Group is rethinking the way it does wholesale banking in the Middle East, Europe and the United States, and is planning to focus
    709 words
  • Article, Illustration
    Lock icon BP chief grilled, Obama takes flak for ‘US$20b shakedown’
    426 1 CEO buffeted by scathing criticism from both parties AP [WASHINGTON] The open season on UK energy giant BP continued yesterday, with members of the US Congress giving the chief executive a roasting. Even President Barack Obama himself was not spared some
    AP  -  426 words
  • Article
    Lock icon MARKETS DIGEST
    142 1 ?ST INDEX 2,843.95 (-2.99) ?ST INDEX FUTURES 2,844 (-3) ?SIMSCI 336.92 (+0.12) ?SIMSCI FUTURES 336.90 (-0.60) FOREX US$ S$ US$ (S$ per US$) 1.397 (US$/S$ per 1.467 2.049 EURO (US$/S$/E) 1.228 1.715 Foreign currency per US$ S$ YEN 91.20 65.30 RM 3.273 2.343 HK$ 7.788 5.577 BAHT 32.44
    142 words
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      Lock icon Page 1 Advertisements Column 1
      115 1 HOCK LOCK SIEW Yangzijiang shareholders need more convincing PAGE 6 CASCAL CASE Dutch court rules in favour of Sembcorp PAGE 9 FESTIVALS Hong Kong’s wet finishing line PAGE 32 OPINION Dynamics of the S’pore Success Story PAGE 23 EXECUTIVE LIFESTYLE ART Setting the right scene PAGE 28 DESIGN When small
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      3 1 8 '*****1 *****4
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      108 1 NARDIN LE LOCLE SUISSE U> ■w i LTl ft m \p s s. v9 0 {/a Z •M. m 4t 0 m w fin <r c 2° <?3 21 22 VSl «as EL TORO PATENTED PERPETUAL CALENDAR. SELF-WINDING MOVEMENT. 18 CT RED GOLD CASE WITH CERAMIC BEZEL. WATER-RESISTANT TO IOO
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      8 1 DBS puts priority on existing businesses, Page 6
      8 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      595 2 DBS in strategic rethink on overseas business DBS Group is rethinking the way it does wholesale banking in the Middle East, Europe and the US, and is planning to focus more on supporting the overseas ventures of Asian businesses and rich clients, instead of broad corporate lending. The
      595 words
    • Article, Illustration
      Lock icon Pace of S’pore exports slows after 4-month surge
      682 2  -  Economists hopeful the pullback to 24% growth in May is temporary By ANNA TEO [SINGAPORE] After a sustained surge in the first four months, non-oil domestic exports (NODX) lost steam somewhat last month, foiling hopes, perhaps, of yet another sizzling quarter for
      682 words
    • Article, Illustration
      Lock icon Group takes another pass at pay-TV rule
      613 2  -  New rule could harm economy in long run, it says By WINSTON CHAI [SINGAPORE] The trade group that lashed out at Singapore’s new pay-TV policy says that the government may have tarred all television programmes with the same brush through its cross-carriage mandate.
      FILE PHOTO  -  613 words
    • Article, Illustration
      Lock icon Rolls-Royce contribution to GDP seen reaching 0.5%
      631 2  -  Study does not take into account new investments to 2015 By VEN SREENIVASAN [SINGAPORE] Global power systems giant Rolls-Royce yesterday released a self-funded research report that shows it contributed $789 million in value-ad-ded to the Singapore economy in 2008, accounting for 0.3 per
      Source: Blackbox Research  -  631 words
    • Article, Illustration
      Lock icon Flood mystery solved; retailers pick up the pieces
      730 4  -  Culvert near Delfi Orchard blocked up by Botanic Gardens vegetation, litter By UMA SHANKARI, FELDA CHAY [SINGAPORE] The culprit behind the Orchard Road flash flood that may have caused millions of dollars of damage has been pin-poin-ted a drain choked by vegetation
      YEN MENG JIIN  -  730 words
    • Article, Illustration
      Lock icon The curious case of British Petroleum’s escrow fund
      969 4 LATWP [WASHINGTON] How many companies could take a US$20 billion body blow and still be left standing? Not many. The amount of money BP said it would plunk into an escrow fund for oil-spill claims is enough to cover the entire NASA
      LATWP  -  969 words
    • Article
      Lock icon BP pays heavy price for dithering
      425 4  -  REUTERS BREAKINGVIEWS By CHRISTOPHER HUGHES WELL that went well. Carl-Henric Svanberg’s crunch meeting with President Barack Obama has concluded with the BP chairman agreeing to the UK oil major putting US$20 billion in escrow to cover claims from the Gulf of Mexico disaster. BP
      425 words
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      48 2 Elite Private Theatre Designed by Ong Radio SJT. w& V V Live the Ultimate. M Ultra-Luxe Music Systems I Elite Private Theatres Intelligent Home Controls I Lifestyle AV Solutions Multizone Music Movie Systems ONG RADIO Est. 1937 176 Orchard Road, The Centerpoint #03-41 I Tel *****138 I www.ongradio.com
      48 words
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      212 3 A new horizon is yours s 1 If* IM k r -J m L A premier residence in Singapore's famed East Coast, Silversea offers stunning sea views and a vast selection of indulgent facilities. These include two 50-metre lap and leisure pools, infinity-edged dip pools, elemental spas and a lagoon
      212 words
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      125 4 www.futurechina.sg t !U\ Finu^ECHm SINGAPORE The FutureChina Global Forum 12-13 July 2010 Ritz-Carlton Hotel, Singapore Strategic Insights for Riding China's Next Decade Featuring insights and analyses from renowned personalities including Jon Huntsman, Ambassador to China, USA George Yong-Boon Yeo, Minister for Foreign Affairs, SG Fang Fenglei, Chairman, Flopu Investments Management,
      125 words
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      140 5 •MTewin Established 1898 Jermyn Street London v MB NOW ON v 7 i y TIES Wi lis Any 2 Silk Ties for $99 P fi r (U.P. $118] \4 M L< s// K <s ul A m 2 V L u V m\\ \\\w L M JAY GEE AND CITIBANK
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon DBS puts priority on existing businesses
      565 6  -  Chairman says it will focus on improving ops before looking at new ventures By CONRAD TAN DBS Group is focused on putting its existing businesses in order first, before attempting new ventures or takeovers, its chairman Peter Seah said yesterday. After growing rapidly via
      565 words
    • Article
      Lock icon Yangzijiang shareholders need more convincing
      699 6  -  HOCK LOCK SIEW By LYNETTE KHOO TWICE in a row, Yangzijiang Shipbuilding has ploughed money into businesses completely unrelated to its core business. First, it was a 60 million yuan (S$12.2 million) investment in a Chinese venture capital (VC) fund for a 20 per cent
      699 words
    • Article
      Lock icon Asia-ex Japan the place to be: fund manager
      451 9  -  By JAMIE LEE THE unfolding “Greek tragedy” and the eurozone debt crisis have dulled risk appetite but are unlikely to cause a sustained market correction, said fund management group Russell Investments in a report this month. Instead, the upswing in corporate profits,
      451 words
    • Article
      Lock icon Ex-Orchard Energy head is new CEO of RH Petrogas
      481 9  -  By RONNIE LIM IN a move reinforcing its oil gas exploration and production (E&P) ambitions, RH Petrogas (the former Tri-M) has made experienced oilman Tony Tan Jee-Theng, the former Orchard Energy head, its group CEO and executive director following RHP’s acquisition
      481 words
    • Article, Illustration
      Lock icon Cascal case: Dutch court rules in favour of Sembcorp, Biwater
      418 9  -  Order for inquiry into whether Cascal has caused harm to its shareholders By JAMIE LEE A DUTCH court has ordered an inquiry into whether Cascal had caused harm to its shareholders through mismanagement when it opposed a takeover bid by
      418 words
    • Article, Illustration
      Lock icon Hong Leong targets budget hotels as part of growth plans
      357 10  -  New Studio M hotel aims to plug gap between four-star and budget hotels By UMA SHANKARI HONG Leong Group is hoping to grow its budget hotel segment in Singapore and the region, said executive chairman Kwek Leng Beng. The group
      NEO XIAOBIN/THE STRAITS TIMES  -  357 words
    • COMPANY BRIEFS
      • Article
        Lock icon United Envirotech secures 3b yuan credit facilities
        101 10 UNITED Envirotech has secured credit facilities of up to three billion yuan (S$612 million) for three years from China Merchants Bank (CMB) to finance its water-related projects. The credit facilities will help it secure more build-operate-transfer (BOT) and transfer-operate-transfer (TOT) projects in China,
        101 words
      • Article
        Lock icon Sound Global takes another step towards HK listing
        88 10 SOUND Global yesterday issued a preliminary offering circular relating to its proposed dual primary listing on the Stock Exchange of Hong Kong (SEHK). Its offer will comprise 261 million new shares under the global offering, 26.1 million Hong Kong offer shares, and
        88 words
      • Article
        Lock icon Li Heng to build chip production plant at Binhai
        110 10 LI Heng Chemical Fibre Technologies said that it intends to construct a new polyamide (PA) chip production plant on its existing production premises at Binhai Industrial Zone. The new plant, which will cost about 715 million yuan (S$145 million) and will
        110 words
    • Article
      Lock icon Spice i2i to raise $133m in rights issue
      266 10  -  By FELDA CHAY INTERNET telephony services provider Spice i2i formerly known as MediaRing has proposed a rights issue to raise net proceeds of some $133 million. It intends to issue up to 1.37 billion new ordinary shares at 10 cents apiece. Money
      266 words
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      1371 6 MATS NOTICES •SELL IT• FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg ENZERCORPORATIONLIMITED (Incorporated theRepublic Singapore) (CompanyRegistrationNumber*****6945E) NOTICEOFANNUALGENERALMEETING NOTICEISHEREBYGIVEN thattheAnnualGeneralMeeting theCompanywillbeheld 20MaxwellRoad,#05-09MaxwellHouse,Singapore*****3 onMonday5thday July2010 9.00a.m. transactthefollowingbusiness:ASORDINAR BUSINESS .1 1. TToo receiveandadopttheAuditedFinancialStatements theCompanyforthef if financialyearended31March2010andtheDirectors Reportandthe Auditors Reportthereon. (Resolution .2 2. TToo re-electMr LeongKoonWengretiringpursuant Article104 theCompany ss Articles Association. (Resolution MrLeongKoonWengshall,uponre-electionasDirector theCompanyremainastheChairman
      1,371 words
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      122 7 iAR IJLJ COGNAC de MARTELL CORDON BLEU o CD Z o z < E a: ij I M i i CO Martell Cordon Bleu congratu- lates Sherman Ong as the winner of Icon de Martell Cordon Bleu. His outstanding photography exemplifies originality, a bold artistic vision, and a continued contribution
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Another World Cup-affected session
      597 8  -  STI ends 3 points lower on turnover of 933m units; main focus on Z-Obee on news of intention to list in Taiwan STOCKS R SIVANITHY Senior Correspondent TRADERS here continued to labour under World Cup lethargy yesterday, resulting in another quiet and listless session for all
      Source: Bloomberg  -  597 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 8 Jun 17 VALUE CLOSE BT OB/OS 379.00-357.00 BT CADI -*****.00 -80.00 BT 10-day MA -*****.00 +38.00 FTSE ST Mid Cap 689.07 -1.51 FTSE ST Small Cap 526.20 -2.40 FTSE ST All Share 701.14 -1.01 FTSE ST China Top 265.83 +2.12 FTSE ST China 292.12 +0.10 FTSE ST
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 5 6 0 0 0 5 5 6 Manufacturing 30 64 57 2 6 14 32 70 71 Commerce 11 18 30 2 4 3 13 22 33 Tpt/Stor/Comms 9 20 14
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    • BROKERS’ TAKE
      • Article
        Lock icon CapitaLand
        312 8 CapitaLand June 17 close: $3.73 DMG PARTNERS SECURITIES, June 17 ERECTION of fourth growth pillar underway: We came away convinced of CapitaLand’s execution capabilities and localised expertise/knowledge in Vietnam, following recent site visits to its portfolio there. Aside from decent sales for its residential projects, CapitaLand’s serviced residences are
        312 words
      • Article
        Lock icon Wilmar International
        265 8 June 17 close: $5.83 PHILLIP SECURITIES RESEARCH, June 17 RESILIENT business model with extensive distribution network in emerging countries: Being more deeply integrated with extensive downstream operations, Wilmar is more resilient than its plantation peers to commodities fluctuations. The scale of its operations also allows it to command
        265 words
      • Article
        Lock icon Straits Asia Resources
        397 8  -  June 17 close: $2.04 DMG PARTNERS SECURITIES, June 17 Compiled by LYNETTE KHOO Increased Sebuku production in FY2011 will go to Japan; maintain NEUTRAL: Taiwan’s share of Straits Asia Resources (SAR) revenue could decrease, while Japan’s is expected to increase. We see this as a positive since
        397 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      117 8 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 13,566 13,566 66,892 66,892 Manufacturing 198,786 10,241 209,027 137,201 567 137,769 Commerce 59,725 11,691 71,416 74,858 4,756 79,614 Tpt/Stor/Comms 79,798 265 80,063 179,820 12 179,832 Finance 19,325 19,325 160,613 160,613 Construction 10,857 2,725 13,582 3,105
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 8 Stock name Close Change Stock name Close Change CapMallsAsia 2.160 -0.010 CapitaLand 3.730 -0.070 CapitaMall 1.900 -0.010 CityDev 10.560 -0.140 ComfortDelGro 1.430 +0.010 DBS Grp 13.720 +0.020 F&N 4.940 -0.030 Genting SP 1.120 +0.010 Golden Agri 0.540 -0.005 HK Land 5.060 -0.050 JMH 36.500 -0.140 JSH
      111 words
    • Article, Illustration
      Lock icon Euro rallies to 3-week high against US dollar
      562 8 CURRENCIES [LONDON] The euro hit a three-week high versus the US dollar yesterday as worries about Spain’s public finances were eased by a well covered bond auction, triggering stop-losses on stale short positions in the single currency. The Swiss franc rose after
      AP  -  562 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 8 VOLUME Z-Obee Hldgs 68,485,000 Genting SP 67,109,000 Golden Agri 35,296,000 SingTel 24,063,000 *Genting HK US$ 23,812,000 SoundGlobal 22,936,000 China Hongxing 20,334,000 Healthway 19,930,000 Bio-Treat 19,783,000 Li Heng 17,220,000 VALUE($) Genting SP 74,553,870 SingTel 73,280,380 UOB 57,802,340 CapitaLand 52,918,423 Keppel Corp 48,881,580 DBS Grp 48,307,000 SIA 32,398,500 OCBC
      58 words
    • Article
      Lock icon RISES
      104 8 BY CENTS CLOSE UP Hyflux 330 20.0 6.5 OCC 5.1% NCPS 100 ***** 20.0 0.2 Pru 500US$ 843 14.0 1.2 DBXT MSRussia 10US$ 277 11.2 3.0 DairyFarm 693 11.2 1.2 Great Eastern 1660 10.0 0.6 Keppel Corp 880 10.0 1.1 DBXT FTVietnam 10US$ 4405 8.4 0.1 SGX 764 8.0
      104 words
    • Article
      Lock icon FALLS
      119 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-104.7 -0.7 WesTech 260 -95.0 -26.8 DBXT E50 10US$ 3597 -62.8 -1.2 JSH 2058 -55.8 -1.9 Jardine C&C 3038 -40.0 -1.3 GLD 10US$ ***** -36.3 -0.2 OUE 1198 -32.0 -2.6 OCC 3.93% NCPS10 8792 -28.0 -0.3 STXPO 100 1294 -26.0 -2.0 DBXT
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    • Article
      Lock icon CURRENCIES
      87 8 Where S$ stands Jun 17 CHNG YR 2010 CLOSE FR Jun 16 S$ LOW S$ HIGH US$ 1.3935 0.08 1.4219 1.3680 Euro 1.7250 -0.59 2.0153 1.6886 Pounds 2.0602 0.23 2.2831 2.0003 A$ 1.2070 -0.25 1.2960 1.1515 Yen* 1.5261 -0.28 1.5927 1.4467 Rupiah* 0.***** 0.09 0.***** 0.***** Baht* 4.2996 0.11
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      296 9 Courts expands consumer credit programme with tailored solution i i LT The Client's Challenge To secure a SGD 100 million revolving securitisation with the headroom and flexibility to grow and implement expansion plans for Courts' consumer credit programme portfolio. Our Response With our in-depth five year working relationship and shared
      296 words
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      302 10 WINE DINE AND HOSPITALITY JAPANESE MANDARIN three Say "Oiishi!"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 (P MANDARIN ORCHARD SINGAPORE MANAGED
      302 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Plans for mall, condo on Seletar site
      442 11  -  Far East secures Cold Storage, Kopitiam as tenants By KALPANA RASHIWALA FAR East Oganization is building what it hopes will be a chic, two-storey mall on a Seletar site it bought in a state tender last year. Behind the mall will be a
      442 words
    • Article
      Lock icon IDA scheme to help local mobile app developers
      443 11  -  By AMIT ROY CHOUDHURY THE Infocomm Development Authority (IDA) of Singapore has launched a new initiative to help local mobile application developers. Called Applications-on-Multi-Platforms Simplify (AMPlify), the initiative will help these developers gain advanced technical skills training and hands-on experience with leading
      443 words
    • Article
      Lock icon NUS-GAI launches 5 research projects
      222 11 THE National University of Singapore’s (NUS) Global Asia Institute (GAI) yesterday launched five research projects that will address issues significant to Asia. The multi-disciplinary projects will cover a range of topics such as public health, urbanisation, emergence of centres of global modernity, and innovation in
      222 words
    • Article
      Lock icon More home-based jobs in future?
      323 11  -  IDA, MOM in discussions to see how feasible it can be with Next Gen NBN By WINSTON CHAI BESIDES faster Internet access, Singapore’s ultra high-speed broadband highway could also help alleviate the peak-hour rush as authorities are now looking into having more home-based jobs when
      323 words
    • Article, Illustration
      Lock icon Pinnacle@Duxton wins Chicago award
      322 11  -  Judging panel names it the best tall building in Asia and Australasia By TEH SHI NING THE Pinnacle@Duxton has been named Asia and Australasia’s “Best Tall Building” by the Chicago-based Council on Tall Buildings Urban Habitat. HDB’s 50-storey residential project in Tanjong Pagar was named alongside
      FILE PHOTO  -  322 words
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      131 11 WINE LOUNGE INVITATION JIII J V. Experience PENFOLDS' Largest I Luxury Wine Event Senior Winemaker Kym Schroeter reqjijbsti thle pleasure of your company at our first-ever Luxury Wine Lounge Event in Singapore featuring some of Australia's most collectible wines including PENFOLDS Grange. ION Orchard, Singapore Level 1 (next to Miu
      131 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Troubled banking system, Spain’s woes loom over EU summit
      1112 12 Leaders meeting on how to fix battered economies, set tighter budget rules EU DEBT CRISIS AP [BRUSSELS] Looming bank losses and Spain’s troubled government finances are what European Union leaders don’t formally plan to talk about when they sat down for
      AP  -  1,112 words
    • Article
      Lock icon Tell stress test results: Germany
      451 12 About-face an attempt to replicate US experience AFP [FRANKFURT] Germany favours the release of so-called stress tests of the ability of banks to withstand shocks, a government source told AFP yesterday as eurozone leaders seek to calm rising tension in the sector. European Union leaders
      AFP  -  451 words
    • Article, Illustration
      Lock icon ‘Retirement at 60’ myth broken, says French minister
      405 12 Reuters [PARIS] France has broken a taboo by moving to raise the retirement age above 60, Economy Minister Christine Lagarde said yesterday, adding that the reform showed the government’s determination to tame the deficit. In an interview with Reuters Insider Television, Ms
      Reuters  -  405 words
    • Article
      Lock icon Visit by IMF head fuels talk of bailout for Spain
      410 12 AFP [MADRID] The head of the International Monetary Fund (IMF) is to visit Spain amid reports that Madrid is seeking a bailout while the government bit the bullet and approved crucial reforms of its rigid job market on Wednesday. The
      AFP  -  410 words
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      20 12 fill Mi •JJJ i^iih ~A fv t t JERRY LUM Marketing Director, MBA, CES View: jerrylum.myweb.sg HP: 8288 0098 ffiAl-.A
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      35 12 JLJ> CJU-, ltu i FIND THE ONES THAT FIT! Q Recruit the right people through CATS Recruit. Call 1800 289 8822 or email '\recruit@sph.com.sg to advertise. u i O 1 r>J V .J V 1
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  • MALAYSIA
    • Article
      Lock icon Govt calls time-out over sports betting
      519 13  -  Ascot Sports front-runner to reap dividends if govt gives go-ahead By PAULINE NG IN an attempt to cool down the debate and opposition to legalised sports betting, the Malaysian government has indicated it will be taking time to consider all views before coming to
      519 words
    • Article, Illustration
      Lock icon Malay political leaders under thumb of ‘the others’: Mahathir
      658 13  -  By S JAYASANKARAN FORMER prime minister Mahathir Mohamad yesterday escalated the level of his rhetoric about Malaysia’s Malays being under siege, saying that Malay political leaders were now under the thumb of “the others”. Dr Mahathir, 85, has been stepping up
      REUTERS  -  658 words
    • Article
      Lock icon Five foreign banks granted licences
      199 13 AFP [KUALA LUMPUR] Malaysia has issued commercial banking licences to five foreign banks, including French giant BNP Paribas, the country’s central bank announced yesterday. The move came as part of government efforts announced in April last year to liberalise the financial sector, allowing nine new
      AFP  -  199 words
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      218 13 > FIFA <Ei5> KIA MOTORS Official Partner B facebook facebook.com kia. insider Spend or Save KAN 5 rs > Now or Later With the new Kia Sorento, the time to be undecided is over. From $99,999 The Kia Sorento the feature-packed choice that's second to none. Great value, performance and
      218 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Yuan may be overvalued: China paper
      312 14 China’s inexpensive exports helped curb inflationary pressures in US: commentary Reuters [BEIJING] China’s currency is probably overvalued, not undervalued as Washington complains, a state-run Chinese newspaper said yesterday, advancing Beijing’s push against US demands to loosen up the yuan. China has come under renewed
      Reuters  -  312 words
    • Article
      Lock icon India’s food and fuel price inflation slowing
      318 14 Reuters [NEW DELHI] India’s food and fuel price inflation eased in early June, reducing pressure on the central bank to speed up its process of tightening monetary policy. India’s food price index rose 16.12 per cent in the year to June 5, snapping
      Reuters  -  318 words
    • Article, Illustration
      Lock icon AgBank, Stanchart in strategic alliance
      415 14 Banks to tap rising trade flows between Asia and Africa Reuters [HONG KONG] Standard Chartered and Agricultural Bank of China, which is preparing for a likely record-breaking IPO, will work together to tap rising trade flows between Asia and Africa. Standard Chartered, an emerging-markets focused
      Reuters; REUTERS  -  415 words
    • Article
      Lock icon New China strike as media supports workers
      275 14 Reuters [BEIJING] China must lift the incomes of workers to protect stability, the country’s top official paper said yesterday, after the latest in a series of labour disputes briefly closed a supplier for Toyota Motor Corp. The Toyoda Gosei plant, in the northern
      Reuters  -  275 words
    • Article
      Lock icon India’s solar push a boon to foreign players
      381 14 Reuters [HONG KONG] India’s drive to ramp up solar capacity may trigger a stampede of firms from Asia, Europe and North America, chasing a share of the US$3.5 billion of business up for grabs by 2013 and trampling over smaller domestic players.
      Reuters  -  381 words
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      1050 14 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg IN THE MATTER OF THE CCOMPANIES CT AP50 AND IN THE MATTER OF HUTENINVESTMENT DEVELOPMENTPTE TD (Co. eg.No. *****981Z) (INMEMBERS’ UNTAR LIQUID TION) NNOOTICE hereb given hat he rc r creditor fo f of tthe aboe-named compan whic being ound up vvoluntar quired,on
      1,050 words
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      45 14 世界测球特邀说现邱现施前高国 Steven Tan 前林新 Radojko Avramovic 前 Ris Low www.radio913.com Let your investors know about your financial results by advertising in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg.
      45 words
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  • WORLD
    • Article, Illustration
      Lock icon Give half your fortunes to charity: Gates, Buffett
      663 15 They launch drive for US billionaires to pledge to donate bulk of their wealth AP [SEATTLE] Microsoft Corp co-founder Bill Gates and billionaire investor Warren Buffett are launching a campaign to get other American billionaires to give at least half their wealth
      AP  -  663 words
    • Article
      Lock icon Fujitsu, Toshiba to merge their cellphone biz
      485 15 Fujitsu will hold a 70-80% stake in the joint venture Reuters [TOKYO] Japan’s Fujitsu Ltd and Toshiba Corp unveiled plans yesterday to merge their mobile phone businesses in October to create Japan’s second-big-gest cellphone maker in a rapidly shrinking market. The merger will
      Reuters  -  485 words
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      58 15 Do you know this logo? (Win J 00,000 in cash! Simply logon to WWW.doyOllknOW.Sg and tell us which directories this logo belongs to and be in the draw to win $100,000, $15,000 worth of multimedia products, as well as one of many weekly attractive prizes. It's that easy. Terms and
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  • ASIA-PACIFIC/WORLD
    • Article
      Lock icon DPJ launches its policy manifesto
      697 16  -  It emphasises fiscal consolidation, seeks to bolster Japan’s ties with US By ANTHONY ROWLEY PRIME Minister Naoto Kan’s ruling Democratic Party of Japan (DPJ) yesterday launched a policy manifesto aimed at giving it control of both houses of parliament in a July 11 election that
      697 words
    • Article
      Lock icon Swiss parliament clears way to uphold tax treaty with US
      289 16 Reuters [ZURICH] Switzerland’s parliament has backed a Swiss-US tax treaty crucial to the future of UBS AG, ending months of uncertainty over the deal and paving the way for renewed recovery at the Swiss bank. The two houses of parliament
      Reuters  -  289 words
    • Article, Illustration
      Lock icon CPI falls for second straight month
      313 16 LATEST US DATA Bloomberg AP [WASHINGTON] The cost of living in the US fell in May for a second month, signalling that the world’s largest economy is recovering without causing prices to flare. The 0.2 per cent decline in the consumer price index was
      Bloomberg; AP; AFP  -  313 words
    • Article
      Lock icon UBS, Credit Suisse must hold more capital
      499 16 This will limit risks of another failure: Swiss National Bank Reuters [ZURICH] Switzerland’s global banks, UBS and Credit Suisse, must hold more and better capital to absorb losses in the case of another crisis and to limit the risk of a failure that
      Reuters  -  499 words
    • Article
      Lock icon No Thaicom deal if price too high
      150 16 Xinhua [BANGKOK] Thailand’s government will not buy back satellite firm Thaicom Public Co Ltd from Singapore’s Temasek Holdings if the price is too high, Prime Minister Abhisit Vejjajiva said yesterday, the Bangkok Post’s website reported. There are many factors to consider before deciding
      Xinhua  -  150 words
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      620 16 FORM69(3) NOTICEOFINTENDEDDIVIDEND Name Company CallCentreOnePte.Ltd. (InLiquidation) Co.Reg.No. *****6116M Address RegisteredOffice c/oTheLiquidator’sOffice LastdayforreceivingProofs July2010 Name Liquidator Mr.Don Ho,FCPA Address c/oDonHo Associates CertifiedPublicAccountants CorporateAdvisory Recoveries EquityPlaza20CecilStreet#12-02 Singapore*****5 Tel:*****320 lines) Fax:*****331 Datedthis18thday June2010 NI N IN THEMATTEROF THECOMPANIESACTCAP50 AND NI N IN THEMATTEROF HEIMBACH ASTENJOHNSON ASIA PTE (INMEMBERS’VOLUNTAR LIQUIDATION) (Co. Reg. No:*****5107C) tA
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      81 16 Hurry!Only8,000spotsleft the new paper BigWalk Register this weekend (June 19 and 20) at any of the following venues: The Singapore Flyer, Sky Deck (car park rooftop) FairPrice Finest at Marine Parade Central FairPrice Supermarket at Clementi Ave 3 FairPrice Supermarket at Toa Payoh Lorong 6 Time: 11am to 8pm Fee:
      81 words
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  • WORLD CUP
    • Article, Illustration
      Lock icon Argentina set for last 16 with 4-1 win
      837 17 They defeat South Korea with hat-trick by Higuain; Greece beat Nigeria 2-1 AFP [SOUTH AFRICA] Diego Maradona’s Argentina look certainties for a place in the last 16 of the World Cup after their 4-1 Group B victory over South Korea yesterdayas Real
      AFP; REUTERS  -  837 words
    • Article, Illustration
      Lock icon Will an underdog lift the trophy this time?
      667 17  -  By MALMINDERJIT SINGH [SINGAPORE] COULD this year’s World Cup be the tournament of the underdog? Looking at the matches played so far, there is every possibility that one of the dark horses may go all the way in South Africa and produce
      REUTERS  -  667 words
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      217 17 www.hybridmotors.com.sg Hybrid MOTORS Luxury M P V SUV. HYBRID T^Trr- )b v"i kcickv World's Best Selling Hybrid Car World's Top Fuel Efficiency 25.6km/L World's First Sunroof with Solar Panel 1.8L Full Hybrid 2.4L Engine Power $99,388* With Keyless Card System Visit Us Today For More Information STOPPED When stationary the
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Continental, UAL pilots back merger
      260 18 They seek assurance, protection of jobs and adequate wages Bloomberg [WASHINGTON] United Airlines’ (UAL) proposed merger with Continental Airlines Inc deserves labour’s support, provided the companies assure workers adequate wages and job protection, the carriers’ pilots’ union chiefs told lawmakers. “If done correctly, this merger
      Bloomberg; AP  -  260 words
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      Lock icon Maersk acts on container crunch
      565 18 Shortage set to worsen in coming months as Asia-Europe trade surges Reuters [COPENHAGEN] Maersk Line, the world’s biggest container shipping group, said yesterday a strong rebound in global trade has led to an unprecedented shortage of containers as shipping enters its peak season. Maersk Line,
      Reuters; BLOOMBERG  -  565 words
    • Article
      Lock icon TRANSPORT STOCKS
      276 18 SGX '000 Jun 17 S$ +/-Vol CH Offshore 0.53 -0.01 311 Chuan Hup Hldg 0.27 unch 125 Cosco Corp 1.50 -0.01 ***** CWT Ltd 0.93 unch 510 Ezra Hldgs 1.93 -0.01 3817 First Ship Lea 0.38 -0.01 1408 Freight Links 0.05 unch 160 Grand Banks 0.40 0.02 3
      276 words
    • Article
      Lock icon Spirit makes deal to end pilots’ strike
      341 18 AP [MINNEAPOLIS] Spirit Airlines made a deal with its pilots on Wednesday that will end their five-day-old walkout, the union said. The airline said it will resume flights today. Pilots were working out a back-to-work agreement and technically remain on strike until that
      AP  -  341 words
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      Lock icon Storms hit China, hundreds of flights cancelled
      182 18 AFP [BEIJING] Hundreds of flights in and out of Beijing were cancelled or delayed yesterday as thunderstorms wreaked havoc across the Chinese capital, airport authorities said. Strong downpours, lightning storms and gusting winds hit the city as the local meteorological bureau issued its
      AFP  -  182 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3018 18 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1230 SQ456 1250 EY470 2220 Adelaide LH9771 1745 9W4082 2230 SQ278 1745 AF8088 2230 VS7268 1745 BA7382 2230 JL5083 2230 QF82 2230 --LH9770 2350 SQ279 2350 VS7279 2350 Amsterdam SQ323 0605 SQ7366 2315 US5410 0605 LO4032 2345 AZ3992
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      152 18 NOTICE TO TRADE RATERESTORATION TAIWAN/PHILIPPINESTRADEWITHEFFECT15JULY2010 BengalTigerLinePte.Ltd In view of escalating costs, we wish to inform the trade of a Rate Restoration effective 15 July 2010. The following minimum rates will apply to all SOC shipments to and from Taiwan and Philippines. These rates are subject to any other prevailing surcharges.
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8705 19 Transaction date: Jun 17 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 7 3148 8Telecom 15 -0.5 100 15 15 15 15.5 1.7 12.1 4.8 71.8 10 5.5 5834
      8,705 words
    • Article
      Lock icon SGX CATALIST
      1798 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 t AA Grp 6 5 7 33.3 5.8 25 13 8538 t APStrategic 16.5 +0.5 27 16.5 15.5 16.5
      1,798 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9480 20 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund!** 1.16/ APS Alpha Fund (USD)!** 0.83/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.65/ Aberdeen Asset Mgt Asia Limited American Opp 0.6204/ Asian Credit Fund 1.248/ Asian
      9,480 words
    • Article
      Lock icon SGX ETF
      708 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 $mil 116 107 6389 ABF SG Bond ETF 110 110 116 502.1 883 610 CIMBAsean40 100US$ US830 unch 0 830 830 834 839 33.2 306
      708 words
    • Article
      Lock icon CLOB INTERNATIONAL
      70 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 $mil 56 27 6000 AVJennings A43.5 42 48 3.6 8 3.5 113.3 31 13 6017 Genting HK US$ US20 +3 ***** 20.5 17.5 19.5 20
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 21 In local curr In S$ In US$ dy yr dy yr dy yr Jun 16 Index Change Change Change Change Change Change World Index Preliminary 817.2 0.1 -1.8 0.0 -5.7 0.2 -5.0 EAFE Preliminary 754.9 0.5 -3.8 0.4 -11.4 0.6 -10.7 Europe Preliminary 1087.5 0.1
      374 words
    • Article
      Lock icon INTERBANK RATES
      177 21 Jun 17 $S Offer Bid Overnight 0.12 0.08 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.03 US$ Offer Bid 7 days 0.45 0.35 1 month 0.60 0.40 2 months 0.65 0.45 3 months 0.70 0.50 6 months 0.90 0.70 9 months 1.10 0.90 12
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 21 Jun 17 S$ Bid Offer 1-month 1.3957 1.3971 2-months 1.3955 1.3969 3-months 1.3954 1.3967 6-months 1.3949 1.3963 Source: OCBC
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      132 21 Jun 17 As at 9am Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.1900 1.2260 Can dollar 1.3500 1.3670 Euro 1.7040 1.7240 NZ dollar 0.9620 0.9840 Sterling pound 2.0390 2.0630 US dollar 1.3870 1.4030 Local dollars to 100 units of foreign
      132 words
    • Article
      Lock icon STOCK INDEX FUTURES
      27 21 Jun 17 Open High Sett STI Jun 2844 SIMSCI Jun 337.4 339.5 336.9 Taiwan Jun 267.0 267.7 266.1 Source: MF Global (S) Pte. Ltd
      27 words
    • Article
      Lock icon PALM OIL
      66 21 Jun 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 10 2455 2477 2479 2448 1598 9890 Aug 10 2411 2435 2439 2402 2797 ***** Sep 10 2378 2398 2408 2369 7037 ***** Oct 10 2365 2384
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      422 21 Jun 17 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.2850 0 3075 Dec10 99.1850 0 853 Mar11 99.0850 0 1875 Jun11 98.9150 0 2053 EUROYEN TIBOR FUTURES Sep10 99.6375 99.6375 99.6375 99.6375 89 4413 Dec10 99.6475 99.6475 99.6475 99.6425 0 1472 Mar11 99.6475 11 2010
      422 words
    • Article
      Lock icon SICOM FUTURES
      130 21 Jun 17 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jul 10 361.5 34 Aug 10 335.0 Sep 10 320.0 Oct 10 311.0 Nov 10 306.0 Dec 10 301.5 Jan 11 301.5 Feb 11 301.5 Mar 11 301.5 Apr
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    • Article
      Lock icon GOVERNMENT SECURITIES
      93 21 Jun 17 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 16.09.2010 0.32 1-Year BY*****W 03.05.2011 0.38 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 103.77 103.85 103.82 5-Year N*****0N 1.375 01.10.2014 102.21 102.35 102.35
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    • Article
      Lock icon CHICAGO BOT
      105 21 Jun 16 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 10 957.75 949.50 961.75 949.00 Aug 10 944.75 935.50 947.75 934.25 Sep 10 930.00 920.00 932.00 920.00 Nov 10 924.50 915.50 926.00 914.75 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 10 38.13 37.81 38.22
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 21 CRUDE OIL PRODUCTS Jun 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 77.18 0.62 WTI (Near Mth) 77.63 0.77 Dubai (1-Mth F) 75.43 0.83 Tapis blend 80.55 1.00 Minas 80.10 1.10 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 72.22 0.55 Jet Kerosene 87.35 1.75 US$/barrel Opec Oil
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2359 21 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3 1 15 9 5.50 47 4085 ASJ Hldgs W*****1 3 1 4 8 2.17 20 2036 Advance SCT Ltd W*****9 0.5 1 87 2817 6.00
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    • Article
      Lock icon INTERBANK CROSS RATES
      465 21 Jun 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.884 5.877 0.701 6.702 40.043 78.856 0.785 10.446 2.816 1.234 73.452 39.703 1.202 6.557 0.966 27.777 27.910 0.586 0.861 Canada 1.131 6.646
      465 words
    • Article
      Lock icon SIBOR
      85 21 Jun 17 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 21 Jun 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2010 1.2024 0.8604 0.8606 Canadian dollar 1.3579 1.3599 0.9728 0.9733 Euro 1.7137 1.7155 1.2277 1.2278 NZ dollar 0.9725 0.9745 0.6967 0.6975 Sterling pound 2.0482 2.0505 1.4673 1.4676
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    • Article
      Lock icon PRECIOUS METALS
      140 21 Jun 17 GOLD (US$/oz) Jun 16 Jun 17 Hong Kong closed 1231.80 Jun 15 Jun 16 London 1225.30 1232.85 1226.10 1233.35 Source: Thomson Reuters CAST BAR Jun 17 (S$) Selling Buying Kilobar 59,271.58 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 132.68 55 5gm 376.64 276 10gm 673.03
      140 words
    • Article
      Lock icon LONDON METALS
      71 21 Jun 16 Jun 16 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1973.75 1981.00 3 months 2005.00 2012.00 Copper, Grade A (US$/tonne) Cash 6623.25 6653.50 3 months 6650.00 6680.00 Lead (US$/tonne) Cash 1737.75 1737.00 3 months 1760.00 1759.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • Article
      Lock icon LIFFE
      82 21 Jun 16 COCOA (£/tonne) Close Prev High/Low Jul 10 2430 2464 2464/2419 Sep 10 2318 2348 2364/2315 Dec 10 2248 2270 2285/2245 Mar 11 2212 2231 2245/2212 COFFEE (US$/tonne) Close Pev High/Low Jul 10 1563 1551 1573/1542 Sep 10 1566 1570 1595/1560 Nov 10 1572 1579 1600/1569 Jan 11
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  • EDITORIAL & OPINION
    • Article
      Lock icon Market supervision: lessons from Australia
      480 22 EDITORIAL IF ever local regulators want a progressive and strict model for future financial reform, they need look no further than Australia where supervision of the finance industry has been vastly overhauled these past 12 months. First came legislation to transfer all supervisory powers away
      480 words
    • Article, Illustration
      Lock icon Rudd is right in taxing mining firms’ super profits
      793 22  -  THE BOTTOM LINE WILLIAM PESEK JR The writer is a Bloomberg News columnist. The opinions expressed are his own Bloomberg AUSTRALIA is committing economic suicide. That’s what the hyperbolic backlash over Kevin Rudd’s planned 40 per cent tax on mining profits
      Bloomberg  -  793 words
    • Article, Illustration
      Lock icon Apec’s relaxed approach towards Bogor Goals
      1342 22  -  Doha round takes centre stage at meeting that hoped to identify ways to reach FTAAP ANTHONY ROWLEY Tokyo Correspondent WHEN they met in Sapporo, the capital of Hokkaido in Japan, earlier this month, trade ministers from the 21-member AsiaPacific Economic Cooperation (Apec) forum were
      REUTERS  -  1,342 words
    • Article, Illustration
      Lock icon Dynamics of the S’pore Success Story
      1823 23  -  After 5 decades, it is now in a knowledge based world where spending on education is a critical investment in the future By NGIAM TONG DOW The writer is a former senior civil servant, who served as Permanent Secretary in several ministries before re
      BLOOMBERG  -  1,823 words
    • Article
      Lock icon THE BUSINESS TIMES SHIPPING TIMES
      5548 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.
      5,548 words
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  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      22 24 ADVERTISE, CALI IOE WONG Can they find your set-vices here in -the Shipping Times? THE BUSINESS TIMES SHIPPING TIIVIES 9620 -1 327
      22 words
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      Lock icon Page 24 Advertisements Column 2
      31 24 Importers I M JT Can they find looking TOT your services Warehouse Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 M THE BUSINESS TIMES SHIPPING TIMES
      31 words
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  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      40 25 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES SHIPPING TIMES FREIGHT FORWARDER urgently needed by shippers n Can they find your THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327
      40 words
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  • executive lifestyle
    • Article
      Lock icon Honey, is the Bentley okay?
      483 26  -  off the cuff jaime ee ANYBODY outside of Singapore who saw photos of submerged cars, rescue workers carrying people to safety and other scenes of chaos and devastation caused by Orchard Road’s mega washout on Wednesday would be forgiven for not believing their eyes. A
      483 words
    • Article, Illustration
      Lock icon When small is big
      1501 26  -  From New York to Milan, Singapore design proves a hit for the niche furniture market. LIM SIO HUI reports LIM SIO HUI SMALL but world-class it’s how Singapore pitches itself globally, but it would also apply to local furniture designers who have been flying the flag
      1,501 words
    • GAMING/CINEMA
      • Article, Illustration
        Lock icon 3D, motion-sensing hog spotlight
        1235 27  -  New hardware announced at the E3 gaming expo, with games to make the most of them, reports CHRISTOPHER LIM CHRISTOPHER LIM GAMERS all over the world just got a clearer glimpse of how they will soon be interacting with cutting-edge titles, thanks to the latest announcements
        1,235 words
      • Article, Illustration
        Lock icon Some toys simply can’t be outgrown
        615 27  -  By GEOFFREY EU PIXAR pretty much has an unblemished track record when it comes to fami-ly-friendly animated films and this year’s contribution Toy Story 3 is no exception. The company has made a habit of winning awards and breaking box office records since the
        615 words
      • Article, Illustration
        Lock icon A surprisingly endearing screwball comedy
        517 27  -  By DYLAN TAN THE art of making a screwball comedy is tricky one toilet joke too many and the scale is tipped towards the gross-out slapstick zone of the Farrelly brothers; too much gabbing and it finds itself in Kevin Smith’s smarty-pants territory. Of late,
        517 words
      • Article, Illustration
        Lock icon Ho-hum caper with wafer-thin plot
        507 27  -  DVD REVIEW By NATALIE KOH SERIOUS Moonlight is a movie that Adrienne Shelly would have made if she had lived long enough. In fact, the writer-director of the acclaimed Keri Russell movie Waitress had been shopping around for a producer for her completed script when
        507 words
    • ARTS
      • Article, Illustration
        Lock icon Setting the right scene
        941 28  -  CLARISSA TAN visits the Russian, Eastern Oriental art show in London’s Mayfair and finds that, under the Art Deco chandeliers, one can be stirred by the desire to buy CLARISSA TAN WHEN art dealers or exhibitors talk about “staging” an art fair, they’re probably using the
        PHOTOS: RUSSIAN, EASTERN & ORIENTAL FINE ART FAIR  -  941 words
      • Article, Illustration
        Lock icon The light from within
        710 28  -  By WOON TAI HO IN the showroom of Filipino art specialist Utterly Art, every single work by Randy Solon has a small red dot on it, indicating that his show although still on until June 20 is sold out. That the works sold out two days
        710 words
      • Article, Illustration
        Lock icon Genuine humanity in bold strokes
        497 28  -  By NATALIE KOH IT is often said that wisdom comes with age, and it’s a truism that Shanghai artist and photographer Ba Hai took to heart in his latest exhibition titled Faces of Wisdom. Inspired by the elderly people he meets in teahouses in the
        497 words
      • Article, Illustration
        Lock icon New vision for the Arts Fest
        1170 29  -  Next year’s programme will feature more original content from Asia, reports CHEAH UI-HOON Singapore Arts Festival 2010 at a glance CHEAH UI-HOON PREVIOUS Singapore Arts Festivals gauged success by numbers but not Low Kee Hong, the general manager for this year’s festival. Despite a
        1,170 words
      • Article, Illustration
        Lock icon This Full Monty has a deeper meaning
        509 29  -  By NATALIE KOH WHEN popular actor Adrian Pang announced he was leaving MediaCorp to start up theatre company Pangdemonium! with his wife Tracie, he set the scene for some pretty high expectations. What kind of show could live up to his reputation? As
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      • AROUND TOWN
        • Article, Illustration
          Lock icon Opera favourites in a great setting
          115 29 IN celebration of its 20th anniversary, the Singapore Lyric Opera returns to the Singapore Botanic Gardens to enchant its audience. Opera in the Park 2010 will feature a variety of opera favourites by renowned composers such as Mozart, Bizet, Verdi and Puccini. In a
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        • Article
          Lock icon Return of a local artist
          100 29 AFTER years of living and working in New York City, local artist John Clang has returned to Singapore for his debut presentation of his personal works with (Con)front. His works bring out questions and issues that have been embedded in people’s subconscious minds and also
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        • Article, Illustration
          Lock icon Promoting wine appreciation
          120 29 FAMED Australian luxury wine brand Penfolds presents an opportunity for both wine lovers as well as novices to appreciate wine this weekend. The Penfolds Lounge Event seeks to promote wine appreciation by offering visitors tutored tasting and wine classes. These will be conducted by senior winemaker Kym
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        • Article
          Lock icon Rare auction lots for a cause
          149 29  -  Compiled by NATALIE KOH BEING in Singapore, items autographed by international stars are not easy to obtain. Enter The Helping Hand Group as it presents the Largest Ever LIVE Memorabilia Auction that features over 50 rare lots including a Cristiano Ronaldo- signed football boot,
          149 words
      • Article, Illustration
        Lock icon SDT promises a treat with lavish triple-bill
        571 29  -  By NATALIE KOH FOR the first time in its 22 years, Singapore Dance Theatre has roped in three renowned choreographers for its new production, Masterpiece in Motion. The triple-bill production features SDT’s premiere of the famous Serenade by George Balanchine, who founded the
        571 words
    • WINE/DRINKS
      • Article, Illustration
        Lock icon Bottoms up to a solid sequel
        962 30  -  Beerfest Asia’s second iteration is bigger and better, and the festival plans to keep going that way in future, reports CHRISTOPHER LIM CHRISTOPHER LIM THE key sign of a beverage festival’s viability is making it beyond the first year. And Beerfest Asia swept into
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      • Article
        Lock icon Clash of tradition and science
        950 30 LAT-WP [COLMAR, France] A War of the Worlds is being waged in this little corner of eastern France. On one side are Alsatian winemakers whose sacred traditions reach back more than two millenniums, men and women close to the soil who pour their art, science
        LAT-WP  -  950 words
    • MUSIC/BOOKS
      • Article, Illustration
        Lock icon Beethoven with a Singaporean accent
        1013 31  -  CHRISTOPHER LIM explains why the local recording of Beethoven’s complete cello sonatas is superior to an American interpretation CD REVIEW CHRISTOPHER LIM A WORLD-CLASS recording studio here has been flying under the radar. But a comparison of two recent recordings of Beethoven’s complete cello sonatas
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      • Article, Illustration
        Lock icon Heavenly ideas marred by evil execution
        569 31  -  Reviewed by CHRISTOPHER LIM VAMPIRES may dominate the landscape of fantasy-horror fiction these days, but some authors remember that the world’s pantheon of mystical beasts extends far beyond oversexed or angst-ridden bloodsuckers. Danielle Trussoni decided to tackle angels in her debut fictional novel Angelology
        569 words
      • Article, Illustration
        Lock icon Bret Easton Ellis takes ‘Less Than Zero’ past the ’80s
        515 31 Reuters [NEW YORK] Less Than Zero author Bret Easton Ellis is sick of being seen as the poster boy for 1980s narcissism. In 1985, Ellis was propelled to stardom when he was just 21 years old and still a college
        Reuters; PHOTOS: BLOOMBERG  -  515 words
    • FESTIVALS AROUND THE WORLD
      • Article, Illustration
        Lock icon Hong Kong’s wet finishing line
        1153 32  -  TIM CHEUNG soaks in the exhilarating atmosphere of the Dragon Boat Festival and looks at how the tradition came about TIM CHEUNG Tim Cheung is a freelance writer doing a Master’s degree in journalism at the University of Hong Kong this autumn AS the horn
        REUTERS; TIM CHEUNG  -  1,153 words
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  • Page 28 Advertisements
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      33 28 tablal THE HEARTBEAT OF THE INDIAN COMMUNITY Jacebook fears Social networking sites change lines of communication between Indian parents and their children GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
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      120 30 caveau A division of Vinum Fine Wines GREAT SINGAPORE SALE 18 th 20 th Jun (Fri Sun) 100 WINE LABELS UP TO 65% OFF $15 ONWARDS Level 1 Unit 2, Shaw Centre, 1 Scotts Road (S) *****8 (next to Standard Chartered Bank) Operating hours: 10.30am 7.30pm Caveau Warehouse Level 1
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      313 31 CRYPTIC CROSSWORD Across 1 Server receives tip in exchange (9) 6 Fabulous writer having a retrogressive attitude (5) 9 Lily’s American fortune comes first (5) 10 Endless good fortune with four in charge moneymaking (9) 11 According to notice put at risk by chance (12) 14 A learner with students
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      204 32 CITADINES KYOTO KARASUMA-GOJO NOW IN THE HEART OF THE CITY SUMMER PROMOTION RATES STARTING FROM JPY 10,000 The centrally located Citadines Kyoto Karasuma-Gojo enjoys a prime address in Gojo. A short walk from the business district and Kyoto's tourist belt, guests can enjoy easy access to places of interests with
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      12 32 Brought to you by Ascott This series is brought to you by
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