The Business Times, 25 June 2010

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Total Pages: 32
1 32 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 123/08/2009 Friday, June 25,2010
    23 words
  • 564 1  -  Risk of deflation rises and old worries sneak back By ANDREW MARKS THE good news is that the interest rate remains unchanged. And that is also the bad news as the US Federal Reserve’s sombre assessment of the economy on Wednesday is spooking
    564 words
  • 142 1 ?ST INDEX 2,847.61 (-23.44) ?ST INDEX FUTURES 2,848 (-23) ?SIMSCI 337.05 (-3.53) ?SIMSCI FUTURES 337.20 (-3.50) FOREX US$ S$ US$ (S$ per US$) 1.391 (US$/S$ per 1.496 2.080 EURO (US$/S$/E) 1.229 1.709 Foreign currency per US$ S$ YEN 89.60 64.50 RM 3.233 2.325 HK$ 7.778 5.593 BAHT 32.41
    142 words
  • 885 1  -  2 pastors at helm in place of founder; processes reviewed By JAMIE LEE [SINGAPORE] There has been a leadership change at City Harvest Church, which is under investigation by the police. Its founder has taken a backseat while two pastors, Derek Dunn and Aries
    JOHN HENG  -  885 words
  • Page 1 Advertisements
    • 70 1 EXECUTIVE LIFESTYLE Back to the future PAGE 32 WINE How your bottle should reach you PAGE 28 COMPANIES Parkway directors defend arrangements with Fortis PAGE 4 ARTS Local playwriting scene holding its own PAGE 8 '*****1 *****4 1 I cv Cf CD ■J#' GEORGE CLOONEY'S CHOICE. o OMEGA Ion Orchard+65
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  • TOP STORIES
    • 571 2  -  It says greenback must make way for multi-currency reserve system By ANTHONY ROWLEY THE days of the US dollar as the world’s premier reserve currency are numbered and the dollar regime will have to give way to a multi-currency reserve
      571 words
    • 442 2  -  By SIOW LI SEN [SINGAPORE] Bankers, poor things, do suffer real pain despite being paid big bucks. It seems they get confused over how much is enough. And even when they are able to eat the best and shop till they drop,
      442 words
    • 603 2 US Fed strikes a sombre note on recovery THE good news is that the interest rate remains unchanged. And that is also the bad news as the Fed’s sombre assessment of the US economy on Wednesday is spooking investors. Although, the Fed strove to make clear to the
      603 words
    • 501 4  -  They say Fortis arrangements would not affect their fiduciary obligations By NISHA RAMCHANDANI [SINGAPORE] Three of Parkway Holdings’ directors defended the arrangements that they have entered into with Indian group Fortis Healthcare, saying that the agreement would not affect their fiduciary obligations to Parkway. When
      501 words
    • 947 4 Reuters AP [CANBERRA] Australia has appointed its first woman prime minister, Julia Gillard, who vowed yesterday to end division over a controversial mining tax, resurrect a carbon trade scheme and call elections within months. Former prime minister Kevin Rudd made an emotional and
      Reuters; AP; REUTERS, AFP  -  947 words
    • 553 4  -  Cfl REUTERS BREAKINGVIEWS By JOHN FOLEY IF politics were only a reflection of the economy, Kevin Rudd might still be prime minister of Australia. But yesterday the Manda-rin-speaker was forced to yield the position to Julia Gillard, his formerly loyal deputy. Rudd was elected in a landslide in
      553 words
    • 548 4  -  By UMA SHANKARI [SINGAPORE] Australian developer Lend Lease beat five other offers with its top bid of $748.9 million for a 1.9-hectare mixed-use site in the Jurong Lake district. Its bid works out to $650 per square foot per plot ratio (psf
      548 words
    • 389 4 AFP [HONG KONG] Lawmakers yesterday agreed to enlarge the electoral base for choosing the city’s leader, while stopping well short of one person, one vote for the Chinese territory’s seven million people. A split in the pro-democracy opposition allowed passage for the first
      AFP  -  389 words
  • Page 2 Advertisements
    • 53 2 ~-N,: V* ;';>S immmm SISSf! :-:-t< v'* ■F .-vv... -r-V.-. v SSgfe V.-v-'-;.- sP W vv > *S%3V' §8 smmm V.-l aSKll •-•SMjfs; V>/. v.£3 ass •S: w MMSjllt •v; 1 -■ST' V--'V 5S 1 i V- A Vii ?> AS *3 sm ssi? •-V Si ION Orchard T: 6509
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    • 136 2 SATS congratulates Mandala Air on its inaugural flight to Singapore 25 June 2010 mandala mandalaair.com Daily Flights from Jakarta: Rl 800 Arrives SIN at 2320hrs Rl 801 Departs SIN at 0625hrs Flights from Balikpapan on Thursdays, Fridays and Sundays: Rl 808 Arrives SIN at 1620hrs Rl 809 Departs SIN at
      136 words

  • Page 3 Advertisements
    • 266 3 F1LBR Wm, T->. im <AM m y U M til i n rt f i i i T m trS! 11 Ql m !-rll i "r in H i 1 If i mrnii i u t i irriEt i i n "i ■in rnnl i i gm my im m
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  • COMPANY NEWS
    • 448 5  -  Net proceeds is for general business and not acquisitions, unlike UOB’s version By SIOW LI SEN DBS Bank has set up a US$10 billion debt programme to issue senior debt securities. The net proceeds from the issue is for general business purposes, the bank
      448 words
    • 622 5  -  HOCK LOCK SIEW By NISHA RAMCHANDANI IF THERE is one thing that has emerged from the face-off between Malaysia’s Khazanah Nasional and India’s Fortis Healthcare, it is that it has highlighted one major aspect of Singapore’s Code of Corporate Governance that
      622 words
    • 276 5  -  By CHEW CHEW XIANG ROTOL Singapore will be delisted, following the Singapore Exchange’s (SGX) rejection of its application to stay on the mainboard. Managing director Sheng Mong Chih said the company was told by the exchange that it did not meet
      276 words
    • 300 7  -  The 4 jobs through subsidiaries are for the construction and upgrading of vessels By JAMIE LEE KEPPEL Offshore Marine (Keppel O&M) has secured, through its subsidiaries in the Philippines and Singapore, four contracts worth about $50 million for the construction and upgrading of
      300 words
    • 348 8  -  Part of this process is a non-legally binding expression of interest exercise By KALPANA KALPANA RASHIWALA THE manager of CapitaCommercial Trust (CCT) is evaluating all options relating to its asset plan for StarHub Centre, including the possibility of retaining the property as an
      348 words
    • 235 8  -  By WINSTON CHAI LONDON-BASED FFastFill has become the latest software firm to be given the green light to connect to the Singapore Mercantile Exchange (SMX) when it goes “live” in August. FFastFill, a so-called independent software vendor (ISV), specialises in
      235 words
    • 507 8  -  Fitch also worried about growing practice of loan repackaging By EMILYN YAP CHINESE banks which have given out massive loans since 2009 may have bitten off more than they can chew. Fitch Ratings reckons that the quality of their loan books will
      YEN MENG JIIN  -  507 words
    • COMPANY BRIEFS
      • 63 8 SHAREHOLDERS of C2O Holdings, a Catalist-listed marine logistics and support services provider, have voted in favour of its proposed merger with Swissco International at its extraordinary general meeting yesterday. The proposed merger seeks to create an offshore and marine chartering services group that is
        63 words
      • 87 8 BBR Holdings (S) Ltd said that its subsidiary, Singapore Piling Civil Engineering, has been awarded a contract worth $81.50 million by the Land Transport Authority (LTA). The contract involves the design and construction of the Tai Seng Facility (TSF) Building in connection with the
        87 words
      • 121 8 FIRSTLINKS Investments Corp said yesterday it will pay $150 million to buy Tai-Ao Aluminium Group, a China-based aluminium products manufacturer. Firstlinks, which will pay for the acquisition entirely through issuing new shares, said the rationale was to preserve its listing status after it was
        121 words
      • 133 8 YANGZIJIANG Shipbuilding (Holdings) said that it has submitted an application to the Taiwan Stock Exchange (TSE) and the Taiwan Central Bank for the offering and listing of Taiwan Depository Receipts (TDRs) representing up to 120 million ordinary shares of the company. The TDR
        133 words
  • Page 5 Advertisements
    • 125 5 www.vw.com.sg Y ;fj £8Powl it s»-.jS-V?* > V Did you notice the leopard? The Passat CC. Once you've seen it, you'll see nothing else. It's no wonder why the Passat CC is attracting so much attention. With the style of a coupe, the dynamics of a sports car and the
      125 words

  • SINGAPORE MARKETS
    • 593 6  -  Index loses 23 points after HK ends lower, Europe opens to selling on debt concerns STOCKS R SIVANITHY Senior Correspondent JUDGING by most of how yesterday’s trading went, traders must have stayed awake in the early hours of the morning before coming to work, watching
      Source: Bloomberg  -  593 words
    • 4 6 DAILY
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    • 65 6 Jun 24 VALUE CLOSE BT OB/OS 513.00-191.00 BT CADI -*****.00 -93.00 BT 10-day MA -*****.00 +51.00 FTSE ST Mid Cap 686.53 -5.89 FTSE ST Small Cap 531.48 -3.54 FTSE ST All Share 701.86 -5.75 FTSE ST China Top 264.78 -3.20 FTSE ST China 292.02 -1.04 FTSE ST
      65 words
    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 8 3 0 0 0 5 8 3 Manufacturing 46 67 56 4 7 10 50 74 66 Commerce 14 23 24 2 3 5 16 26 29 Tpt/Stor/Comms 11 20 10
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    • 2 6
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    • 222 6 June 24 close: $1.15 CIMB GROUP, June 24 RAISING forecasts; maintain “outperform”: We have raised our FY2010-2012 profit forecasts by 8-11 per cent to assume higher sales and margins in view of the strong turnaround of Broadway’s non-hard-disk-drive (HDD) component business. Accordingly, our target price rises from $1.67
      222 words
    • 241 6 June 24 close: $0.56 KIM ENG RESEARCH, June 24 KINGSMEN has successfully completed over $20 million worth of contracts for seven pavilions at the Shanghai World Expo. These are high-margin projects, which will be recognised in its profit and loss in Q2 2010. In our view, the group
      241 words
    • 412 6  -  June 24 close: $1.75 CITI INVESTMENT RESEARCH, June 23 Compiled by JAMIE LEE NET proceeds of $196.4 million from equity raising: CDL-HT announced that it has issued 116.96 million shares under a private placement at $1.71 per share. This represents a 9.4 per cent discount
      412 words
    • 119 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,357 15,357 47,053 47,053 Manufacturing 437,267 12,649 449,916 242,937 529 243,466 Commerce 162,332 17,982 180,314 121,618 5,037 126,655 Tpt/Stor/Comms 77,699 8,908 86,607 144,591 1,444 146,035 Finance 14,680 14,680 141,550 141,550 Construction 58,901 5,434 64,335 9,612
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    • 113 6 Stock name Close Change CapMallsAsia 2.180 -0.040 CapitaLand 3.740 -0.050 CapitaMall 1.860 -0.040 CityDev 10.780 -0.260 ComfortDelGro 1.500 -0.040 DBS Grp 13.760 -0.140 F&N 5.260 +0.090 Genting SP 1.140 -0.010 Golden Agri 0.535 -0.010 HK Land 5.060 -0.010 JMH 36.200 +0.500 JSH 21.000 +0.020 Jardine C&C
      113 words
    • 495 6 CURRENCIES Reuters [NEW YORK] The US dollar and yen rose against the euro yesterday as a less optimistic outlook on growth from the US Federal Reserve dented investors’ appetite for risk, with the euro further hampered by Greek debt markets. Concerns over Greece
      Reuters; REUTERS  -  495 words
    • 58 6 VOLUME Genting SP 96,270,000 GMG Global 83,605,000 Ban Joo 79,004,000 UPP 46,632,000 Armstrong 46,603,000 Li Heng 34,474,000 Golden Agri 33,868,000 Baker Tech 31,291,000 Noble Grp 28,801,000 Rowsley 27,671,000 VALUE($) Genting SP 110,796,850 DBS Grp 71,481,840 Noble Grp 53,209,930 SingTel 45,112,350 UOB 31,957,900 Yangzijiang 27,530,800 CapitaLand 27,268,431 F&N
      58 words
    • 110 6 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 196.0 1.2 DBXT S&P Short 10US$ 5402 118.2 1.6 WesTech 330 100.0 43.5 JMH 3620 69.5 1.4 OCC 5.1% NCPS 100 ***** 24.0 0.2 UOB 5.05%NCPS 100 ***** 20.0 0.2 Venture Corp 881 20.0 2.3 OUE 1230 14.0 1.2 Isetan 339
      110 words
    • 114 6 BY CENTS CLOSE DOWN Jardine C&C 2910-132.0 -4.3 GLD 10US$ ***** -97.3 -0.6 DBXT FTVietnam 10US$ 4430 -36.1 -0.6 UOB 1938 -34.0 -1.7 DBXT FTChina25 10US$ 3010 -29.2 -0.7 CityDev 1078 -26.0 -2.4 DBXT MSTaiwan 10US$ 1496 -18.1 -0.9 OCC 3.93% NCPS10 8882 -18.0 -0.2 SIA 200 1440 -16.0
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    • 87 6 Where S$ stands Jun 24 CHNG YR 2010 CLOSE FR Jun 23 S$ LOW S$ HIGH US$ 1.3906 -0.29 1.4219 1.3680 Euro 1.7095 -0.42 2.0153 1.6886 Pounds 2.0835 -0.77 2.2831 2.0003 A$ 1.2115 -0.26 1.2960 1.1515 Yen* 1.5527 -1.20 1.5927 1.4467 Rupiah* 0.***** -0.11 0.***** 0.***** Baht* 4.2880 -0.08
      87 words

  • Page 7 Advertisements
    • 1315 7 SINGAPORE AIRPORT TERMINAL SERVICES LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****1770G NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Singapore Airport Terminal Services Limited (the “Company”) will be held at Marina Mandarin Ballroom, Level 1, Marina Mandarin Singapore, 6
      1,315 words
    • 2637 7 (Incorporated in the Republic of Singapore) Company Registration No. *****1025C NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 28th Annual General Meeting of SIA Engineering Company Limited (“the Company”) will be held at Marina Mandarin Ballroom, Level 1, Marina Mandarin Singapore, 6 Raffles Boulevard, Marina Square, Singapore
      2,637 words

  • Page 8 Advertisements
    • 2377 8 SINGAPORE AIRPORT TERMINAL SERVICES LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****1770G NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 37th Annual General Meeting of the Company will be held at the Marina Mandarin Ballroom, Level 1, Marina Mandarin Singapore, 6 Raffles Boulevard, Marina
      2,377 words

  • SINGAPORE NEWS
    • 463 9  -  Freehold condo units in districts 9, 10 and 11 fetching record prices By UMA SHANKARI PRIME freehold condo units in districts 9, 10 and 11 are fetching record prices in the resale market more than they went for during the last peak in the
      463 words
    • 338 9  -  By EMILYN YAP PRIME office rents finally picked up in the second quarter after a six-quarter slump, CB Richard Ellis (CBRE) said yesterday. With strong leasing activity, the large supply of commercial space coming up looks “increasingly manageable”, the property
      338 words
    • 538 9  -  By KALPANA KALPANA RASHIWALA WITH many families returning from holidays as the June school vacation comes to a close, developers are starting to crank up their launch machinery again. Frasers Centrepoint and Far East Organization begin to preview today their 99-year leasehold Waterfront Gold
      538 words
    • 306 10  -  MOM aims to tackle risk factors for heart disease and cancer By RACHEL SIM ADULT mortality the risk of dying between the ages of 15 and 59 has declined in Singapore over the past four decades, with life expectancy at birth having
      306 words
    • 710 10  -  Way forward is to deepen complexity of refineries here, says oil executive NEWS ANALYSIS By RONNIE LIM ON a single location basis, Singapore with 1.385 million barrels per day (bpd) of refining capacity still remains the world’s third-big-gest oil refining centre after Houston
      ST FILE PHOTO  -  710 words
    • 407 10  -  It will bypass agents and offer lower premiums By SAMUEL EE NEW online insurer DirectAsia.com aims to capture 5 per cent of the motor market within five years. The direct-to-consumer company will bypass the traditional agent and offer lower premiums for its motor,
      407 words
  • Page 9 Advertisements
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    • 312 9 Abigroup wins Peninsula Link tender with groundbreaking financing partnership 3 miiiiiuiiiiC,. 1 The Client's Challenge To find a highly committed partner to be a co-sponsor, financial adviser and financial arranger for the Peninsula Link Public Private Partnership. Our Response Having developed, advised and arranged over 45% of all availability PPPs
      312 words

  • Page 10 Advertisements
    • 252 10 CATS Recruit The first door to your world of opportunities CLA/AUG06/g IfiJlOIR TsSiSHJDiaSx^s SINGAPORE NINGBO IMPORT AND EXPORT FAIR B o imFO* 1 9 30 June-2 July, 2010 10:00-18:30 Suntec Singapore International Convention W J? Exhibition Center (401 Hall) The 2nd Singapore Ningbo Import and Export Fair, an event organised
      252 words
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      66 words

  • ECONOMY WATCH
    • 738 11 Warning came from a leaked document obtained by Greenpeace G-20 SUMMIT [TORONTO] Canada welcomed the first arrivals for the G-8 and G-20 talks as a leaked draft communique said leaders will warn that the economic recovery remains “uneven and fragile”. The leaders,
      REUTERS  -  738 words
    • 386 11 AP [TORONTO] Canada’s Finance Minister Jim Flaherty said yesterday that the Group of 20 leading rich and developing nations (G-20) hopes to announce an agreement on deficit reduction targets at next week’s economic summit in Toronto. Mr Flaherty said in an interview
      AP; REUTERS  -  386 words
    • 692 11 AFP [WASHINGTON] US President Barack Obama hopes to return from the Group of Eight and Group of 20 meetings in Canada with new evidence that key powers will fulfil pledges to heal the global economy. At the G-8 “rich nations club” today and tomorrow
      AFP  -  692 words
    • 296 11 Reuters [PARIS] There is hope that a meeting of the Group of 20 in Toronto this week will sketch out the framework and general principles of a banking tax, France’s Economy Minister Christine Lagarde said. The European Union formally requested in a letter on
      Reuters  -  296 words
  • Page 11 Advertisements
    • 112 11 C3 pn HdCKer kitchen .germanMade. Sale Hacker Kitchen is a brand that has become synonymous with quality and excellence. A German-made Hacker kitchen system is ACi°/* now yours with a /O off on all collections. Come down with your floor plan for a consultation at absolutely no obligations. For a
      112 words

  • MALAYSIA
    • 521 12  -  By PAULINE NG BETTER late than never, one could say of Frasers Hospitality and Malaysia. Having finally established a maiden property in the country, Fraser Place Kuala Lumpur is already proving a right fit. Occupancy rates at the 215 apartments have averaged 70
      FILE PHOTO  -  521 words
    • 754 12  -  It says HLB’s RM5.2b hostile bid for the bank’s assets and liabilities is inimical By S in Kuala S JAYASANKARAN THE RM 1.12 billion (S$482.3 million) suit by Primus Pacific Partners against nine directors and two major shareholders of EON Capital revolves around
      754 words
    • 283 12 Reuters [AMSTERDAM] Malaysia’s central bank governor said she did not expect to intervene in foreign exchange markets following China’s announcement of a more flexible policy on the yuan. China said over the weekend that it would allow its currency greater flexibility,
      Reuters  -  283 words
  • Page 12 Advertisements
    • 120 12 Kate Ang, Soo Kee Jewellery SPH Ink Awards Winner V f 4 r I 4 m ik f 7T* 5f V, m. I i i v Si Vlfc *r < k r i- i", i i I s Muicayllm uiHWfij! < u Creativity can Jae subjective, and not every client
      120 words

  • GREATER CHINA
    • 720 13 Details of items that will be 1st to enjoy tariff reductions still being finalised Bloomberg [SHANGHAI]Taiwan said it will sign a trade accord with China next week after more than a year of talks, as warming cross-strait relations pave the way for
      Bloomberg; REUTERS  -  720 words
    • 365 13 Reuters [SHANGHAI] Google Inc is examining the impact new Chinese laws could have on its Google Maps service that could see it shut down if the company does not meet government requirements. China’s State Bureau of Surveying and Mapping announced new regulations
      Reuters  -  365 words
  • Page 13 Advertisements
    • 394 13 Notice to all shareholders of Parkway Holdings Limited (“Parkway”) from Integrated Healthcare Holdings Limited (“Integrated Healthcare”) INTEGRATED HEALTHCARE WISHES TO ALERT PARKWAY SHAREHOLDERS TO VOTE ON THE PARTIAL OFFER Shareholders should consider the Offer Document and the circular to be issued by Parkway containing the views of the independent directors
      394 words
    • 336 13 WINE CULTURE L Fine rare wine merchant 10TH ANNIVERSARY SALE Enjoy up to 50% off on selected labels. (Sale promotion from now until 30 June 2010) Wine Culture Pte Ltd 897 Bukit Timah Road Singapore *****7 Tel: 6463 3888/6462 1129 Email: sales@wineculture.com.sg OPENING HOURS: MON SAT 10.30AM TO 7PM Securing
      336 words

  • INDIA
    • 538 14 Second such deal of year for oil and gas major as it tries to grow N America ops AP [MUMBAI] Reliance Industries said yesterday it has agreed to pay US$1.3 billion for a stake in the shale gas assets of Texas-based Pioneer
      AP  -  538 words
    • 190 14 Reuters [NEW DELHI] India’s maverick environment minister is resisting pressure from some Cabinet colleagues to clear forests for mining and roads in a tussle that underlines the country’s struggle for sustainable growth. Jairam Ramesh wants to protect and expand India’s remaining forest land
      Reuters  -  190 words
    • 356 14 Bloomberg [NEW DELHI] India’s food inflation has accelerated, adding pressure on the government to sell more rice and wheat from the state grain reserves to damp prices. An index measuring wholesale prices of agricultural products including lentils, rice and vegetables compiled
      Bloomberg; BLOOMBERG  -  356 words
  • Page 14 Advertisements
    • 291 14 WINE DINE AND HOSPITALITY JAPANESE MANDARIN 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 (P three www.meritus-hotels.com MANDARIN ORCHARD SINGAPORE MANAGED
      291 words

  • ASIA-PACIFIC
    • 520 15 Recovery may be affected by stimulus withdrawals, Europe debt problems AFP [TOKYO] Japan logged a smaller-than-expected rise in its May trade surplus as the slowest export growth in five months signalled that a trade-dependent recovery may be losing steam, data showed yesterday.
      AFP  -  520 words
    • 212 15 Reuters [MANILA] The Asian Development Bank (ADB) is planning to invest in a US$1 billion fund to finance energy efficiency and renewable energy projects in the Philippines, an oil-importing country, a bank official said on Wednesday. The projects may involve hydropower, wind, solar
      Reuters  -  212 words
    • 258 15 AFP [SEOUL] North Korea’s economy shrank last year because of sluggish agricultural production and tougher international sanctions, South Korea’s central bank said yesterday. The communist state’s gross domestic product shrank 0.9 per cent year-on-year after expanding 3.1 per cent in 2008, the
      AFP  -  258 words
    • 246 15 AFP [SEOUL] South Korea yesterday raised its economic growth projection for this year to 5.8 per cent, up from 5.0 per cent, reflecting growing confidence about its solid economic recovery. The revised outlook matches a forecast laid out by the Organisation for Economic
      AFP  -  246 words
    • 411 16 New PM Julia Gillard open to changing proposed mining super tax Bloomberg [SYDNEY] Wayne Swan’s continued role as treasurer in Australia’s government, and his appointment as deputy prime minister, signals the country’s new administration will avoid any immediate shift in fiscal policy. Mr
      Bloomberg; AFP  -  411 words
    • 781 16 Firm is doing utmost to improve quality control, he says AP [TOYOTA] Toyota Motor Corp president Akio Toyoda bowed deeply and apologised to shareholders yesterday for the troubles caused by massive global recalls of the company’s vehicles. Mr Toyoda was facing shareholders for the first
      AP; AP, REUTERS  -  781 words
    • 528 16 Reuters [TOKYO] Less than half a year ago, Naoto Kan was promising to cut waste until the government “got a nosebleed” as a way to rein in Japan’s huge public debt. But a close encounter with the Greek debt crisis during his tenure
      Reuters  -  528 words
    • 590 16 Bloomberg [BANGKOK] Ford Motor Co said it will build a US$450 million car factory in Thailand, its first wholly owned plant in the country, undeterred by fatal anti-govern-ment protests in Bangkok earlier this year. The carmaker will make Focus cars for domestic and
      Bloomberg  -  590 words
    • 220 16 AFP [BEIJING] Toyota said yesterday it expected two assembly lines in south China to stay idle for the rest of the week. Operations at Toyota’s plant in the southern city of Guangzhou have been halted since Tuesday because of
      AFP  -  220 words
  • Page 15 Advertisements
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  • WORLD
    • 768 17  -  CEO sees very good 2011, forecasts solid growth in the firm’s European business By ANDREW MARKS SOME 100 years ago, Charles Dow, the founder of Dow Jones Co, said that if railways are busy “it’s a good sign for the economy and for
      BLOOMBERG  -  768 words
    • 625 17 Beijing should allow unit to appreciate against US$, it says AFP [WASHINGTON] US President Barack Obama’s administration said on Wednesday that the Chinese currency remained undervalued despite a pledge by Beijing to relax controls on the yuan following international pressure. Five days after the
      AFP  -  625 words
    • 661 18 Figures suggest hiring remains weak even as economy recovers LATEST US DATA AP [WASHINGTON] Initial claims for jobless benefits fell by the largest amount in two months last week, but remain above levels consistent with healthy job growth. Despite the drop
      AP; AFP  -  661 words
    • 382 18 Reuters [BAGHDAD] Iraq is in talks with six or seven foreign banks interested in entering the Iraqi market, despite insurgent attacks against financial institutions such as the central bank, the bank’s governor said on Wednesday. “There are some foreign banks which have interest to
      Reuters  -  382 words
    • 457 18 Bloomberg [BRUSSELS] The euro’s declines in recent months may boost exports from the currency area by 5 per cent, though the long-er-term impact on economic growth is “less certain”, the European Union (EU) said. “The trade recovery is now gathering momentum on
      Bloomberg; REUTERS  -  457 words
    • 479 18 But labour market remains tight overall: BNP Paribas Bloomberg [BOGOTA] Brazil’s unemployment rate was higher than economists expected in May even as officials said Latin America’s biggest economy is showing signs of labour shortages in some industries. Unemployment rose to 7.5 per
      Bloomberg  -  479 words
  • Page 17 Advertisements
    • 1487 17 Q6ATS BUY IT• SELL IT• FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg Form69(3) NI N IN THEMATTEROF THECOMPANIESACT(CHAPTER50) AND NI N IN THEMATTEROF FORSYTH TNERS(SINGAPORE) PTE (INCOMPULSOR WINDINGUP) (Co.Reg.No:*****2177R) NOTICEOFINTENDEDDIVIDEND Name Company: ForsythPartners(Singapore)PteLtd(InCompulsorWindingUp) Address RegisteredOffice: C/o47HillStreet#05-01 SingaporeChineseChamber Commer Industr Building Singapore*****5 Court: SupremeCourt,Singapore Number Matter: CompaniesWindingUpNo.6 2008/V LastDay ReceivingProofs:
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    • 474 17 IN THE MATTER OF THECOMPANIES 50 AND IN THE MATTER OF FLEXTRONICS DISTRIBUTION CENTRE (SIN APORE)PTE R( R (Registration 970 66K) (InMember oluntar Liquidation) NNOOTICEOFRESOLUTIONS [Pursuant Section290(2)(b)] AnExtraordinar Gener Meeting he Compan deemed hav beencon ned pursuant Section 79(6) heCompanies Act,Cap.50,held ChangiSout Lane, Singapor 486 onhe22ndday June, 20 hefollowing esolutions
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  • Page 18 Advertisements
    • 65 18 Hurry! ONLY 800* SPOTS LEFT Register this Saturday (June 26) at The Singapore Flyer, Sky Deck (carpark rooftop) Time: 11am to 8pm Fee: $10 per participant the new paper BigWalk Registration closes when all slots are taken with The New Paper masthead for that day $2off off $1 with Anlene
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  • WORLD CUP
    • 900 19 Reigning champs, unable to break opponents’ defences, out of World Cup AP AFP Reuters [JOHANNESBURG] Reigning champions Italy crashed out of the World Cup yesterday, losing 3-2 to Slovakia, who reached the last 16 along with Paraguay after the South Americans’ 0-0 draw with Group
      AP; AFP; Reuters; AFP, AP  -  900 words
    • 690 19  -  By MALMINDERJIT SINGH ENGLAND to win the World Cup? Faithful fans of the Three Lions claim that their team’s victory over the Slovenians on Wednesday night proves that England has put the worst behind them and will now march on to lift the trophy
      690 words
  • Page 19 Advertisements
    • 988 19 BEATS c Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES INDIABULLS PROPERTIES INVESTMENT TRUST (Re rationNumber*****0 (a busine tru con tutedon 200 und the ws theRepubl Singap MMMMAAAANAGEDBY INDIABULLSPROPERT MANAGEMENTTRUSTEEPTE (C (Compa Registratio Numb *****0456G) (as rustee-Manag ndiabull operties stment ust NOTIC OFANNALGENER MEETIN NOTIC HEREBYGIVENtha theSecondAnnualGenera eeting theunitholde ndiabu opetie estmen
      988 words

  • EDITORIAL & OPINION
    • 532 20 EDITORIAL THE resurgence of gold sends mixed signals to investors. Traditionally, gold is seen as a store of value and hedge against inflation, a safe haven in turbulent times. Increasingly, it is seen as a currency in itself, the ultimate hedge against
      532 words
    • 771 20  -  THE BOTTOM LINE YOGI AGGARWAL THERE have been few rags-to-riches stories as compelling as the Ambani saga. And their story continues to enthral the many admirers and critics of one of the richest families in the world. The latest chapter opened when
      771 words
    • 1058 20  - Kan sees woes clearly but has no answers PM’s much vaunted ‘growth strategy’ isn’t radical enough to alter the situation materially ANTHONY ROWLEY Tokyo Correspondent ‘SOMETHING is wrong with Japanese society: it is suffocating.” These words were spoken this week not by a sociologist or even a psychologist, but by
      AP  -  1,058 words
    • 1226 21  -  GST-registered firms should seriously consider the short-term pain of GST self-review as a healthier option to annual audits By KOH SOO HOW, COLIN MORROW Koh Soo How is Asia Pacific Indirect Taxes Network Leader and Colin Morrow is a Senior Tax Manager of
      STOCK EXCHANGE  -  1,226 words
    • 831 21  -  fcS REUTERS BREAKINGVIEWS By IAN CAMPBELL THE UK’s Conservative and Liberal Democrat coalition is planning big cuts but stressing fairness. Greece’s George Papandreou is finding straight talk and a ready smile help overcome opposition. Can cutting leaders do their job and
      REUTERS  -  831 words


  • AVIATION/SHIPPING
    • 752 22  -  Award-winning airline focuses on top-notch service, safety and aircraft reliability By VEN SREENIVASAN By [SINGAPORE] “Koreans, by nature, are difficult to deal with. They are very fussy. It is quite difficult to satisfy them.” Asiana Airlines regional general manager HS Kim cites this
      BLOOMBERG  -  752 words
    • 313 22 Bloomberg [DALLAS] Boeing Co says it may recommend cutting the interval between inspections of engine pylons on its 767 aircraft by more than two-thirds after cracks were found on two American Airlines planes this month. Pylons, which hold the engines to the aircraft
      Bloomberg  -  313 words
    • 286 22 Bloomberg [LONDON] The cost of shipping Middle East crude to Asia has fallen for a fourth consecutive day, the longest losing streak in almost a month, after an earlier surge in rates spurred charterers to delay bookings. Charter rates for very large crude
      Bloomberg  -  286 words
    • 278 22 SGX '000 Jun 24 S$ +/-Vol CH Offshore 0.54 unch 552 Chuan Hup Hldg 0.27 -0.01 30 Cosco Corp 1.50 -0.03 ***** CWT Ltd 0.92 -0.02 522 Ezra Hldgs 1.88 -0.05 4883 First Ship Lea 0.39 -0.01 2316 Freight Links 0.05 unch 1060 Grand Banks unch unch 0
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    • 446 22 Bloomberg [LUXEMBOURG] European Union governments have dropped a threat to scale back flight rights for US airlines in Europe in return for an American pledge to work towards allowing foreign ownership of carriers. EU transport ministers approved the expansion of a 2008
      Bloomberg  -  446 words
    • 3014 22 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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  • Page 22 Advertisements
    • 105 22 NOTICE OF RATE RESTORATION In order to ensure that the Members Lines are able to continue to provide the service necessary to meet the needs of their customers, the Members Lines of the Asia West Africa Trade Agreement have decided to implement the following rate restoration for the Far East-West
      105 words

  • SINGAPORE STOCKS
    • 8827 23 Transaction date: Jun 24 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 7.5 3148 8Telecom 16 unch 364 16 16 15.5 16.5 1.7 11.3 5.1 76.6 10 5.5 5834
      8,827 words
    • 1641 24 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 18 16.5 18 106.8 4 0.5
      1,641 words
    • 9272 24 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 0.9385/0.9385 AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.65/ Aberdeen Asset Mgt Asia Limited American Opp 0.6191/ Asian Credit Fund 1.2507/ Asian
      9,272 words
    • 704 24 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 $mil 116 107 6389 ABF SG Bond ETF 109 110.1 116 497.6 883 632 CIMBAsean40 100US$ US854 unch 0 854 854 850 855 34.2 306
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    • 250 24 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 $mil 56 27 6000 AVJennings A43.5 43.5 48.5 3.6 8 3.5 113.3 31 13 6017 Genting HK US$ US19.5 unch ***** 20.5 19.5 19 19.5
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  • FINANCE & COMMODITIES
    • 374 25 In local curr In S$ In US$ dy yr dy yr dy yr Jun 23 Index Change Change Change Change Change Change World Index Preliminary 804.1 -1.0 -3.4 -0.4 -7.2 -1.1 -6.4 EAFE Preliminary 748.9 -1.3 -4.6 -0.6 -11.8 -1.3 -11.1 Europe Preliminary 1080.4 -1.3
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    • 180 25 Jun 24 $S Offer Bid Overnight 3/16 1/16 1-month 3/8 1/8 2-months 7/16 3/16 3-months 9/16 5/16 Overnight mode: 0.09 US$ 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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    • 22 25 Jun 24 S$ Bid Offer 1-month 1.3898 1.3912 2-months 1.3895 1.3909 3-months 1.3893 1.3907 6-months 1.3886 1.3900 Source: OCBC
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    • 134 25 Jun 24 As at 9am Jun 24 Singapore dollars to one unit of foreign currency: Currencies Bid Offer Aust dollar 1.2030 1.2400 Can dollar 1.3270 1.3430 Euro 1.7000 1.7200 NZ dollar 0.9810 1.0030 Sterling pound 2.0660 2.0910 US dollar 1.3800 1.3960 Local dollars to 100 units
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    • 27 25 Jun 24 Open High Sett STI Jun 2848 SIMSCI Jun 340.8 341.6 337.2 Taiwan Jun 268.1 269.4 268.1 Source: MF Global (S) Pte. Ltd
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    • 66 25 Jun 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 10 2449 2457 2458 2449 334 6324 Aug 10 2409 2413 2418 2406 1900 ***** Sep 10 2381 2390 2393 2379 6559 ***** Oct 10 2372 2380
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    • 415 25 Jun 24 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep10 99.3050 0 3125 Dec10 99.1850 0 1911 Mar11 99.1250 0 1971 Jun11 99.0150 0 2003 EUROYEN TIBOR FUTURES Sep10 99.6350 99.6350 99.6350 99.6350 0 4033 Dec10 99.6425 0 1372 Mar11 99.6475 0 1906 Jun11 99.6425 3
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    • 138 25 Jun 24 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jul 10 368.0 365.0 366.5 60 Aug 10 345.0 345.0 345.0 20 Sep 10 330.0 330.0 330.0 10 Oct 10 315.0 Nov 10 310.0 Dec 10 310.0 Jan 11
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    • 93 25 Jun 24 Jun 24 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 23.09.2010 0.31 1-Year BY*****W 03.05.2011 0.37 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0A 2.625 01.04.2012 103.68 103.70 103.70 5-Year N*****0N 1.375 01.10.2014 102.31
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    • 105 25 Jun 23 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 10 958.00 965.50 966.25 956.50 Aug 10 946.00 958.00 957.50 945.25 Sep 10 930.00 942.50 941.00 929.00 Nov 10 923.50 936.00 935.75 921.00 SOYBEAN/OIL (60,000 lbs;Uscent/lb) Close Previous High/Low Jul 10 37.59 37.93 37.98
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    • 77 25 CRUDE OIL PRODUCTS Jun 23 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 76.26 -2.78 WTI (Near Mth) 75.63 -1.44 Dubai (1-Mth F) 76.05 -0.06 Tapis blend 81.90 -0.25 Minas 80.80 -0.25 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 72.27 -0.39 Jet Kerosene 89.35 -0.75 US$/barrel Opec Oil
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    • 2451 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Tel Last Vol Conv Exer Disc Gear-Mths Code Company Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3 unch 71 1 15 6.00 47 4085 ASJ Hldgs W*****1 3 unch 900 1 4 -7 2.50 20 2036 Advance SCT Ltd W*****9 0.5 1
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    • 5547 26 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com CR NO. **********0W UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN New Orleans/Camden *Loads E./W.
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    • 465 25 Jun 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.904 5.923 0.708 6.765 40.378 78.799 0.780 10.342 2.812 1.232 74.168 40.291 1.210 6.573 0.962 28.011 28.189 0.582 0.870 Canada 1.106 6.550
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    • 85 25 Jun 24 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • 139 25 Jun 24 GOLD (US$/oz) Jun 24 Jun 23 Hong Kong 1233.80 1242.00 Jun 23 Jun 22 London 1230.65 1238.75 1231.65 1239.75 Source: Thomson Reuters CAST BAR Jun 24 (S$) Selling Buying Kilobar 59,145.32 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 132.68 55 5gm 376.64 276 10gm 671.96
      139 words
    • 71 25 Jun 23 Jun 23 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1908.75 1927.75 3 months 1941.00 1959.00 Copper, Grade A (US$/tonne) Cash 6487.50 6582.25 3 months 6515.00 6610.00 Lead (US$/tonne) Cash 1790.75 1803.75 3 months 1815.00 1828.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)
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    • 154 25 Jun 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2086 1.2104 0.8695 0.8700 Canadian dollar 1.3367 1.3386 0.9616 0.9621 Euro 1.7082 1.7100 1.2289 1.2291 NZ dollar 0.9812 0.9824 0.7059 0.7061 Sterling pound 2.0786 2.0810 1.4954 1.4957
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    • 82 25 Jun 23 COCOA (£/tonne) Close Prev High/Low Jul 10 2500 2516 2518/2486 Sep 10 2400 2405 2408/2373 Dec 10 2270 2285 2290/2257 Mar 11 2234 2243 2247/2219 COFFEE (US$/tonne) Close Pev High/Low Jul 10 1551 1532 1551/1527 Sep 10 1580 1569 1583/1558 Nov 10 1590 1580 1592/1576 Jan 11
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  • Page 27 Advertisements
    • 52 27 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES SHIPPING TIMES I' n —H Can they FREIGHT I find .y our m services FORWARDER here in the urgently needed by shippers I Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT
      52 words

  • Page 28 Advertisements
  • executive lifestyle
    • BOOKS/WINE
      • 1382 28  -  John Updike’s huge archive demonstrates the painstaking care he took to establish the tone and atmosphere of his novels, finds SAM TANENHAUS SAM TANENHAUS NYT [CAMBRIDGE, Massachusetts] WHEN John Updike died of lung cancer in January 2009, at 76, there seemed little left to
        NYT; BLOOMBERG FILE PHOTO  -  1,382 words
      • 1182 28  -  By N K YONG LOCATION, location, location. That is the battle cry of the property agent. But when it comes to a wine merchant or auctioneer, the equivalent would be “Provenance, provenance, provenance”. When you ask for a valuation of your wines from one
        BLOOMBERG FILE PHOTO  -  1,182 words
    • MUSIC/GAMING
      • 842 29  -  Chilled-out songs needn’t lack passion or intensity, says CHRISTOPHER LIM CD REVIEW CHRISTOPHER LIM THE biggest enemy of albums of slow and soft songs is monotony because the lack of variety forces singers and songwriters to work doubly hard to avoid losing their listeners.
        842 words
      • 994 29  -  By BEN SISARIO NYT [NEW YORK] In death, Michael Jackson has had the comeback he always wanted. His estate, managed by two long-time associates, the entertainment lawyer John Branca and the music executive John McClain, has nearly settled his troubled finances by
        NYT; AFP  -  994 words
      • 549 29  -  By LEE LEE KIM SIANG AT FIRST glance, Alpha Protocol seems nondescript, bland even. However, like the best secret agents, look again and you’ll find that there’s more to this game than belies its outward appearance. From Obsidian Entertainment, the same folks
        549 words
    • ARTS
      • 914 30  -  Writers’ Lab in its 20th year and 20% rise in Short+Sweet submissions, reports CHEAH UI-HOON CHEAH UI-HOON IF not for the deadlines imposed on him, and someone sending him reminders to send in his drafts, Bryan Tan might have taken longer to complete Someday,
        914 words
      • 541 30  -  By NATALIE KOH STANDING in Line in Order of Heigh t, a combined performance of Singapore’s Maya Dance Theatre and Quantum Leap, a youth dance ensemble from Australia, opened two weeks ago in Canberra, Australia to good reviews. However, their run here last weekend did
        541 words
      • 573 30  -  By NATALIE KOH YES, Adrian Pang can sing. And surprisingly well, at that. The Full Monty, the debut production of Pangdemonium! Productions, which was founded by Pang and his wife, Tracie, brought out more than Pang’s hidden singing talent last Saturday evening, with an ending to
        573 words
      • AROUND TOWN
        • 143 30 MANY locals think of Tiong Bahru with nostalgia. It was one of Singapore’s early attempts to become a cosmopolitan city. And to many Singaporeans, it is not only an urban icon but a cultural and emotional one too. Tiong Bahru Sketches: Outside-In by artists Miel, Tia
          143 words
        • 149 30  -  Compiled by NATALIE KOH IT’S never too late to learn. The Necessary Stage, with support from the Council for Third Age, is conducting the seventh instalment of Theatre for Seniors: Short Term Workshops for people aged 50 and older. The workshops, which will be conducted
          149 words
        • 96 30 AS a tribute to the street vendors and artisans of the past, the National Museum of Singapore presents Surviving the Streets: Peddlers and Artisans in Early-Mid 20th Century Singapore. The exhibition explores five themes colonial control and portraits, artisans, peddlers, services and social life and will
          96 words
        • 118 30 MORE than 300 children from Odyssey The Global Preschool are putting their hands together to create little masterpieces to raise funds for Make-A-Wish Foundation (Singapore). After raising $3,000 through a collective effort last year, the children, aged two to six, are creating works that reflect
          118 words
    • CINEMA
      • 720 31  -  Knight and Day is blissfully free from the constraints of a complex plot and the need to even make much sense; its primary purpose is to entertain the boys and girls of summer, says GEOFFREY EU GEOFFREY EU THERE must be a clause somewhere in
        BLOOMBERG  -  720 words
      • 415 31  -  BLU-RAY Reviewed by CHRISTOPHER LIM ALTHOUGH the Ip Man biopics feature some of martial arts star Donnie Yen’s best acting, they fall prey to two cliches of the genre: the hero’s halo, and celebrations of Chinese xenophobia. Bodyguards and Assassins presented an altogether different challenge
        415 words
      • 676 31  - Where love pragmatism collide By GEOFFREY EU “PEOPLE want to believe in true love, don’t they?” says a New York magazine editor (Oliver Platt) to his efficient, young and pretty female fact-checker Sophie (Amanda Seyfried), who is of course the living embodiment of that very sentiment. In Letters to Juliet,
        BLOOMBERG  -  676 words
      • 610 31  -  By DYLAN TAN TRUST the Hong Kong film industry to spot a cash cow. With two earlier Ip Man movies smashing box offices domestically and in the region, anything with the late Wing Chun grandmaster’s name on the poster seems to guarantee an
        610 words
    • 1142 32  -  Advanced robotic technology brings dinosaurs back to life in a money-spinning arena spectacle that’s changing the face of animatronics and ‘live’ entertainment, reports DYLAN TAN DYLAN TAN EXTINCT giant lizards will be heading our way when Walking With Dinosaurs: The Arena Spectacular stomps into Singapore at
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  • Page 29 Miscellaneous
    • 314 29 CRYPTIC CROSSWORD Across 1 A defeat that is humiliating (8) 9 One cannot hear it when it is dropped (8) 10 Having escaped without payment? (4) 11 Hooligan’s a card, one with unpolished manners (5,7) 13 Logical to restrict endless beer (8) 15 Steal young animal having 40 winks (6)
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  • Page 31 Advertisements
    • 23 31 a* -s- tk Lianhe Zaobao Guangzhou to ensure better air quality for Asian Games riNi^tgGDPTPi To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • Page 32 Advertisements
    • 61 32 Conserved shophouses with 6-storey new extension in historic location 24 boutique SOHO offices 549 1808sf, with ensuite shower Varenna Kitchenette, Miele Applicances American Oak Timber Flooring STRATA OFFICES FOR SALE LIMITED UNITS RAY Exclusive Marketing Agents 9699 6659 Jeannie 9223 9317 Patrick 1? u. .*mii M TOP obtained Developer Hong
      61 words
    • 10 32 CD REVIEW The fine art of singing softly PAGE 29
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