The Business Times, 13 May 2011
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2011-05-13
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The Business Times
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Title Section24 2011-05-13 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Friday, May 13, 201124 words
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481 2011-05-13 1 GENEVIEVE CUA - Assets hit new high of $1.4t after turnaround in 2009 By GENEVIEVE CUA [SINGAPORE] Singapore’s fund management industry has turned the corner, as assets hit a new high of $1.4 trillion in 2010. Peter Ong, Ministry of Finance permanent secretary, said that the481 words
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Article, Illustration766 2011-05-13 1 WINSTON CHAI - Telco plans 19-cent final and special dividiend as Q4 gain dips to $992m; full-year payout totals 25.8¢ By WINSTON CHAI [SINGAPORE] Currency fluctuations and weaker associate earnings may have dampened Singapore Telecommunications’ fourthquarter performance but the telco is lifting the gloom byBLOOMBERG - 766 words
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Article145 2011-05-13 1 H ST INDEX 3,130.45 (-46.73) H ST INDEX FUTURES 3,129 (-41) H SIMSCI 365.73 (-6.49) H SIMSCI FUTURES 365.00 (-7.00) FOREX US$ S$ US$ (S$ per US$) 1.240 (US$/S$ per 1.633 2.025 EURO (US$/S$/E) 1.421 1.762 Foreign currency per US$ S$ YEN 81.00 65.40 RM 3.007 2.425 HK$145 words
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Advertisement41 2011-05-13 1 HOCK LOCK SIEW SMX’s strategy runs into questions PAGE 5 EXECUTIVE LIFESTYLE Clash of the gigs ~PAGE 26 New ways to listen imminent ~PAGE 28 Barolo’s triumph ~PAGE 29 Break with tradition ~PAGE 30 Vistas in black and white ~PAGE 3141 words
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Advertisement8 2011-05-13 1 RESULTS OCBC’s Q1 profit down 7% PAGE 68 words
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Advertisement141 2011-05-13 1 COMMENTARY Revisiting professional directors’ case PAGE 19 Cartier it /y J 55 m m K tD. t&3& CALIBRE BE CARTIER 1904 MC MANUFACTURE MOVEMENT AS ITS NAME SUGGESTS, THE CALIBRE 1904 MC IS THE EMBODIMENT OF A CENTURY OF CARTIER'S PASSION FOR TECHNICAL EXCELLENCE. FEATURING AN AUTOMATIC MOVEMENT CREATED, DEVELOPED141 words
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Advertisement8 2011-05-13 1 BANKING HSBC S’pore on hiring spree PAGE 48 words
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TOP STORIES
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Article583 2011-05-13 2 Record dividend caps a tepid Q4 for SingTel CURRENCY fluctuations and weaker associate earnings may have dampened Singapore Telecommunications’ fourth-quarter performance but the telco is lifting the gloom by announcing an unprecedented windfall for shareholders. It proposed to return $4.1 billion to shareholders or a record dividend payout583 words
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Article, Illustration696 2011-05-13 2 JOYCE HOOI - Phone recordings lead to guilty verdict for “unsympathetic” defendant By JOYCE HOOI [SINGAPORE] The conviction of Raj Rajaratnam, the man at the centre of the largest insider trading case in 30 years, will push into existence a new corollary to the phrase “KeepAP - 696 words
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601 2011-05-13 2 VEN SREENIVASAN - Profit quintuples to $1 b; special payout of 80¢ proposed By VEN SREENIVASAN [SINGAPORE] Singapore Airlines (SIA) sprang a surprise yesterday by declaring that it would pay a handsome dividend of $1.20 per share after raising full-year profit to $1.09 billion from $215.8 million601 words
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Article, Illustration522 2011-05-13 2 TEH SHI NING - By TEH SHI NING [SINGAPORE] Zainul Abidin Rasheed, former Aljunied GRC Member of Parliament, said yesterday that he is unlikely to stand for election again in 2016, reiterating also that he will not be the next Speaker of Parliament. Instead,522 words
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Article, Illustration693 2011-05-13 4 SIOW LI SEN - Move aimed to help bank double its profit to US$1 b from US$524m in 2010 By SIOW LI SEN [SINGAPORE] HSBC Singapore plans to hire more than 1,000 staff over the next five years to help it double profit to US$1 billion693 words
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Article, Illustration455 2011-05-13 4 SIOW LI SEN - By SIOW LI SEN [SINGAPORE] OCBC Bank is reluctant to push renminbi products unlike some of its competitors who have gone headlong into selling yuan deposits and a swathe of renminbi-related products. “We’remuch more reluctant to push this product,” said David Conner,455 words
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768 2011-05-13 4 ANTHONY ROWLEY - By ANTHONY ROWLEY in Tokyo THE government last night postponed approval of a plan designed to allow Tokyo Electric Power Company (Tepco) to begin compensating victims of the accident at its Fukushima nuclear power plant which had been widely expected to be given768 words
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798 2011-05-13 4 CONRAD TAN - Combined net profit up 7% at $2.05b for Q1 on lending surge By CONRAD TAN [SINGAPORE] The Singapore banks’ earnings for the first quarter showed clearly the impact of the rapid economic growth in Asia in that period, as bad loans continued798 words
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Article, Illustration421 2011-05-13 4 AFP [NEW DELHI] India’s ruling Congress party reacted with fury yesterday after police arrested senior leader Rahul Gandhi, widely tipped as a future prime minister, as he took part in protests by farmers. The 40-year-old scion of the Nehru-Gandhi political dynasty and son of CongressAFP - 421 words
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Advertisement185 2011-05-13 2 Ready For Home Entertainment That's LARGER Than Life? iTilI I G Rone A Wireless Stereo System $2688 designedbyPhilippeStarck UP $2999 Since our inception in 1998, we have commissioned over 7000 residential and commercial projects, from luxury yacht to 60-seat private theatre room, conference hall's sound reinforcement to 'live' band set185 words
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Advertisement414 2011-05-13 3 ninn u,/ W) W:A FREEHOLD h n 1/ <z /I *2! A I Ci ■i/Z* Sit t U A if a <v 1 ii 71 1 i#2«f I f ii \h\ll it ahiMi i .IUBuSc 1 S§5E^ W iH §5853 m i 5I585J iiESSi m A Vision of White in414 words
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Advertisement261 2011-05-13 4 NutritionPark.com Good Nutrition. Real Results. LONGEST WARRANTY! LOWEST PRICES! ZANFIT VTREAD V21 15 goal-specific programs. 1 km/h to 12km/h. Heart rate monitor. LCD Display. Foldable. 1.5hp motor. 2 years warranty. ZANFIT VTREAD V31 15 goal-specific programs: Ladies' Jog, Advanced Fat Burner, Power Trainer, Slow Walk, etc. 1 km/h to 12km/h.261 words
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COMPANY NEWS
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937 2011-05-13 5 WONG WEI KONG - HOCK LOCK SIEW By WONG WEI KONG LESS than a year after it started trading, questions are being asked about just how well the Singapore Mercantile Exchange (SMX) is doing. The sudden departure of its chief executive Thomas McMahon recently has served to bring these937 words
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Article, Illustration552 2011-05-13 5 LYNETTE KHOO - Trading velocity pales in comparison to US, Europe, but IPO line still strong By LYNETTE KHOO SINGAPORE Exchange (SGX) is looking at ways to boost trading liquidity even as it expects the strong-est-ever pipeline for initial public offerings this year. This is part ofBLOOMBERG - 552 words
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Article, Illustration567 2011-05-13 6 SIOW LI SEN - Lender hit by lower trading income, higher staff costs, tighter margins By SIOW LI SEN OCBC Bank yesterday posted first-quarter net profit of $628 million, down 7 per cent from a year ago, squeezed by tighter margins, lower trading and investmentBLOOMBERG FILE PHOTO - 567 words
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Article, Illustration421 2011-05-13 6 FELDA CHAY - By FELDA CHAY HIGHER sales volume and margins helped commodity supplier Olam International record a 42.5 per cent jump in third-quarter net profit from a year ago to $127.3 million. The result translates into earnings per share of 5.98 cents, up from 4.42421 words
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686 2011-05-13 6 GRACE LEONG - Casino reaps $538m in Ebitda, thanks to VIP rolling revenues By GRACE LEONG ROBUST VIP rolling revenues and a high VIP win rate helped Resorts World Sentosa (RWS) set new earnings records in the first quarter, mainboard-listed Genting Singapore announced yesterday. For the686 words
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376 2011-05-13 6 SAMUEL EE - By SAMUEL EE HIGHER staff and energy costs slowed SBS Transit (SBST) down in the first quarter ended March 31, causing its net profit to fall 27.8 per cent to $11.84 million. But revenue for Q1 inched up 5.3 per cent to376 words
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505 2011-05-13 6 FELDA CHAY - By FELDA CHAY FISHING group Pacific Andes Resources Development suffered a 21.5 per cent year-on-year drop in second-quarter earnings despite a marginal rise in revenue as higher cost of sales and operating expenses hit profitability. For the second quarter ended March 28, 2011, the505 words
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Article281 2011-05-13 6 TEO SI JIA - By TEO SI JIA HEALTHCARE and traditional Chinese medicine (TCM) group Eu Yan Sang International announced a net profit rise of 47 per cent to $11.2 million for the third quarter ended March 31, 2011. The year-on-year earnings rise came as revenue rose281 words
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368 2011-05-13 6 UMA SHANKARI - Higher earnings due to better revenue, accounting changes By UMA SHANKARI SC Global Developments’ net profit rose to $72.8 million for the first quarter of this year, 15 times the restated $4.78 million net profit for the 2010 corresponding quarter. The earnings growth368 words
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418 2011-05-13 9 LYNETTE KHOO - Company notes share sales by two substantial shareholders HOT STOCKS By LYNETTE KHOO SHARES of China Minzhong took a sharp fall in active trading yesterday on speculation that a share placement was underway, triggering a query from the Singapore Exchange (SGX) yesterday.418 words
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Article, Illustration461 2011-05-13 9 VEN SREENIVASAN - Stock price up 14% yesterday; four-fold rise over 2 weeks By VEN SREENIVASAN THE stock of Catalist-listed online and security video technology specialist Artivision Technologies has gone ballistic in the past two weeks amid widespread market speculation that the company could be aboutSource: Bloomberg - 461 words
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Article, Illustration322 2011-05-13 9 UMA SHANKARI - By UMA SHANKARI WING Tai Holdings will launch its latest residential project, Foresque Residences at Upper Bukit Timah, tomorrow. The 496 units in the 99-year-leasehold development on Petir Road are priced from $850 per square foot (psf) to $1,300 psf. The smallest units, 463-sq-ft322 words
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COMPANY BRIEFS
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71 2011-05-13 9 PAN-UNITED Corporation has posted a 20 per cent increase in group net profit to $6.18 million for the first quarter ended March 31, 2011. Revenue inched up 3 per cent to $101.6 million. The increase in revenue was driven by higher71 words
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72 2011-05-13 9 PROPERTY developer Heeton Holdings said net profit fell 58 per cent to $2.85 million in Q1 2011. This is because the $6.71 million net profit recorded in the year-ago period had included a $4.73 million gain from the disposal of the group’s72 words
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66 2011-05-13 9 HOCK Lian Seng Holdings, a civil engineering and infrastructure builder, posted net profit of $4.9 million for Q1 2011, down 36 per cent from a year ago. Revenue slid 26.9 per cent to $45.1 million. This was attributed to lower progress66 words
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54 2011-05-13 9 DMX Technologies Group announced a 59.3 per cent rise in net profit to US$2.0 million for Q1 2011 from a year ago. The better performance was the result of stronger sales growth across both its business divisions, which pushed revenue up 35.3 per54 words
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80 2011-05-13 9 OCEAN Sky International, an integrated apparel supply chain provider, announced net profit of US$1.8 million for Q1 2011, up 26.3 per cent from a year ago. The group saw a revenue growth of 36.2 per cent to US$60.9 million mainly80 words
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278 2011-05-13 9 EMILYN YAP - By EMILYN YAP FRASERS Commercial Trust (FCOT) has sold its stake in an Australian property fund for A$22.2 million (S$29.11 million) and will use the net proceeds of A$22.04 million to reduce its debt liabilities. FCOT had a 39 per cent indirect278 words
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Advertisement31 2011-05-13 5 PEMBREY C Unlined, Crepe Rubber Sole Singapore Shop 2-8, Level 2, Ion Orchard Hong Kong Shop G33, Ground Floor, Prince's Building Shop 361, Level 3, Pacific Place Shop 2088A, 2/F, Elements31 words
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Advertisement307 2011-05-13 7 o Sentosa Come home to Asia's most desirable waterfront address Reflections at Keppel Bay. The centrepiece of Singapore's most daring icon is now released for sale. Breathtaking ocean vistas. A vibrant waterfront playground. Towering majestically over Singapore's southern shorelines, Reflections at Keppel Bay redefines world-class waterfront living. Select from our307 words
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SINGAPORE MARKETS
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Article, Illustration525 2011-05-13 8 VEN SREENIVASAN - The STI snapped a three-session winning streak, ending 46.73 points down its biggest fall in almost 2 months STOCKS VEN SREENIVASAN Senior Correspondent AN overnight commodities market crash caused jitters to ripple across equity markets, with stocks across the world recording one of their sharpest singleSource: Bloomberg - 525 words
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Article64 2011-05-13 8 May 12 VALUE CLOSE BT OB/OS -577.00-148.00 BT CADI -*****.00-170.00 BT 10-day MA -*****.00 -57.00 FTSE ST Mid Cap 757.00 -7.20 FTSE ST Small Cap 541.32 -4.72 FTSE ST All Share 768.18 -10.50 FTSE ST China Top 269.44 -4.23 FTSE ST China 300.04 -3.96 FTSE ST Catalist64 words
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Article186 2011-05-13 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 0 14 4 0 0 0 0 14 4 Manufacturing 26 75 68 3 5 8 29 80 76 Commerce 9 26 17 2 4 6 11 30 23 Tpt/Stor/Comms 7 22 11186 words
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BROKERS’ TAKE
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Article, Illustration299 2011-05-13 8 Holding May 12 close: $0.24 DBS Group Research, May 12 CONSCIENCEFOOD Holding’s Q1 results are above expectations on better volumes, but selling prices remained muted. Revenue for Q1 2011 grew 48 per cent y-o-y to 206.5 billion rupiah (S$30 million) while net profit grew 33.4 per cent toSource: Bloomberg - 299 words
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Article, Illustration446 2011-05-13 8 LYNN KAN - Super Group May 12 close: S$1.50 DMG Partners Research, May 12 Compiled by LYNN KAN RECURRING Q1 2011 net profit came in better than expected at S$15 million (up 16 per cent y-o-y; up 47 per cent q-o-q) as the recent price hike lifted gross profit margin (GPM)Source: Bloomberg - 446 words
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Article137 2011-05-13 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,137 words
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Article121 2011-05-13 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 28,825 28,825 79,095 79,095 Manufacturing 288,568 6,405 294,973 294,706 914 295,621 Commerce 104,986 8,948 113,934 156,539 1,815 158,353 Tpt/Stor/Comms 168,056 1,150 169,206 292,587 131 292,717 Finance 19,051 19,051 205,498 205,498 Construction 18,626 606 19,232 6,256121 words
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Article112 2011-05-13 8 Stock name Close Change CapMallsAsia 1.680 -0.020 CapitaLand 3.100 -0.070 CapitaMall 1.890 CityDev 11.140 -0.460 ComfortDelGro 1.470 -0.020 DBS Grp 14.480 -0.620 F&N 6.100 -0.170 GLP 1.970 -0.020 Genting SP 2.170 -0.030 Golden Agri 0.665 -0.010 HK Land 7.310 -0.130 JMH 51.000 +0.340 JSH 29.920 +0.320112 words
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Article, Illustration544 2011-05-13 8 CURRENCIES Reuters [NEW YORK] The dollar index scaled a three-week high yesterday as a sell-off in commodities prompted an unwinding of dollar-funded bets on risky assets, a reversal that pushed the euro to a six-week low against the greenback. The euroReuters; BLOOMBERG - 544 words
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Article55 2011-05-13 8 VOLUME Genting SP 75,133,000 ChinaMinzhong 62,433,000 Ramba 53,115,000 Artivision 52,107,000 Noble Grp 49,949,000 Golden Agri 49,161,000 SingTel 32,270,000 CreativMast 30,291,000 Transcu Grp 27,737,000 Dyna-Mac 27,175,000 VALUE($) Genting SP 163,366,030 DBS Grp 106,703,424 Noble Grp 105,845,250 ChinaMinzhong 104,747,769 SingTel 101,958,680 CapitaLand 79,789,740 Keppel Corp 49,952,140 Cosco Corp 45,339,90055 words
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Article110 2011-05-13 8 BY CENTS CLOSE UP DBXT iBoxxKR 5US$ ***** 671.6 4.4 DBXT S&P Short 10US$ 4204 95.4 1.9 JMH 5100 42.1 0.7 JSH 2992 39.7 1.1 Hyflux 6% CPS 10 ***** 36.0 0.3 UOB 5.05%NCPS 100 ***** 30.0 0.3 OCBC Bk.ES.1105 945 18.0 1.9 SuperGroup 150 7.0 4.9 H Royal110 words
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Article119 2011-05-13 8 BY CENTS CLOSE DOWN GLD 10US$ *****-422.5 -2.3 DBXT AUDMM 5US$ *****-338.3 -1.3 DBXT Nifty 10US$ *****-166.0 -1.1 DBXT SPASX200 10US$ 3605-137.5 -3.0 DBXT MSKorea 10US$ 6349-112.8 -1.4 DBXT DBCBLEB 10US$ 2230 -79.3 -2.8 DBS Grp 1448 -62.0 -4.1 DBXT DBLCI-OY 5US$ 4018 -59.5 -1.2 Pru 500US$ 1212 -57.0119 words
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Advertisement899 2011-05-13 9 BANKOFSINGAPORE BANK OF SINGAPORE LIMITED Registration Number: *****0866R Registered Office: 65 Chulia Street, #09-00 OCBC Centre, Singapore *****3 IMPORTANT The financial information as set out below is an extract of the audited financial statements of Bank of Singapore Limited for the financial year ended 31 December 2010 ("the financial statements").899 words
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SINGAPORE NEWS
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588 2011-05-13 10 AMIT ROY CHOUDHURY - Commercial value of this software estimated at record US$233m By AMIT ROY CHOUDHURY IN Singapore, 34 per cent of the software deployed on PCs last year was pirated and the commercial value of this unlicensed software reached a record US$233588 words
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248 2011-05-13 10 THE environment is taking centrestage in the electronics industry with “Green Electronics” being identified as one of four new engines of economic growth. To support the development of this sector, the National University of Singapore (NUS) and the Agency for Science,248 words
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Article262 2011-05-13 10 LYNN KAN - Automating transactions offers opportunities By LYNN KAN TRANSACTION services firm SWIFT is commonly associated with payment settlements between banks. It however sees significant opportunities in automating transactions in the fund management space. There, some domestic markets and most of the cross-border investments are262 words
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258 2011-05-13 10 HAIG Mansions, a 16-unit apartment development on Haig Road, was sold in a collective sale exercise to Vicland Realty for $21.5 million With the successful en bloc sale, each of the owners will receive gross sale proceeds of over $1.3258 words
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Article, Illustration449 2011-05-13 10 CHEN HUIFEN - Businesses need to reinvent ops to stay ahead, he says By CHEN HUIFEN MANPOWER Minister Gan Kim Yong yesterday called on SMEs to constantly re-examine and reinvent their operations and to participate actively in the national productivity journey. Speaking at the opening ofLIANHE ZAAOBAO - 449 words
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225 2011-05-13 10 THE Building and Construction Authority (BCA) will be awarding the BCA Green and Gracious Builder Awards to ten outstanding builders during the BCA Awards ceremony on 19 May. Three builders Gammon Pte Ltd, Tiong Seng Contractors (Pte) Ltd, and Woh Hup Pte Ltd225 words
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219 2011-05-13 10 Yearly limits put at $300 for mammo, $950 for colonoscopy PATIENTS will soon be able to withdraw from their Medisave accounts to cover their mammogram and colonoscopy costs. The Ministry of Health has announced that patients can use their Medisave for screening tests219 words
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287 2011-05-13 10 REBECCA LIU - Three key areas are utilities, oil and gas, and agri-processing By REBECCA LIU SINGAPORE companies looking to break into the Indonesian market will be able to do so with greater ease due to a joint work plan inked by International Enterprise (IE) Singapore and287 words
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Advertisement28 2011-05-13 10 Bungalow in the Sky Draycott Park 5,200 sq feet Duplex Penthouse Perfection is always Distinctive <"!■ 31 JERRY LUM Snr Marketing Director, MBA, CES HP: 8288 0098 View: jerrylum.myweb.sg28 words
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ECONOMY WATCH
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663 2011-05-13 11 Flight from equities, commodities over next 6 months due to fall in confidence Bloomberg [WASHINGTON] Global investors have tempered their optimism on the US and world economies and plan to put more of their money in cash and less in commodities over theBloomberg - 663 words
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485 2011-05-13 11 Reuters [WASHINGTON] The failure of US wages to keep pace with inflation threatens to leave economic growth sluggish and forecasts for a strong pick-up in output later this year may prove too optimistic. Wages have barely increased since the start of the year,Reuters - 485 words
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Article, Illustration473 2011-05-13 11 Reuters [TOKYO] Japan’s current account surplus tumbled in March from a year earlier as exports fell and imports rose following a devastating earthquake and tsunami, and the surplus could shrink further as power shortages will make it difficult for exporters to restore production to levelsReuters - 473 words
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Advertisement6 2011-05-13 11 Be part of an ICONIC DEVELOPMENT6 words
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Advertisement263 2011-05-13 11 Fly to North America on special Business Class fares, plus earn Double Asia Miles on First and Business Class Prices include taxes and surcharges. LOS ANGELES SAN FRANCISCO VANCOUVER NEW YORK TORONTO from $5,999 from $5,999 from 7, 349 from 7, 749 from $8,729 There's never been a better time263 words
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MALAYSIA/INDONESIA
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Article, Illustration603 2011-05-13 12 Lender expects full-year results to surpass record 2010 showing Reuters [KUALA LUMPUR] Malaysia’s largest lender, Malayan Banking Bhd, expects its 2011 performance to exceed its record results last year, helped by growth in the economy and the government’s measures to boostReuters; BLOOMBERG - 603 words
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415 2011-05-13 12 Bloomberg [JAKARTA] PT Pertamina may swap its share in Indonesia’s biggest gas field to help fund a bid for Exxon Mobil Corp’s stake in an Angola oil block, an official at the Jakarta-based energy company said. Pertamina is the preferred bidder for Exxon’sBloomberg - 415 words
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387 2011-05-13 12 The Star [KUALA LUMPUR] Japan will be a huge market for AirAsia Bhd, according to chief executive Tony Fernandes. “We believe tremendously in the Japanese market. The potential between South-east Asia and Japan is massive,” he said after the launch of the “To Japan WithThe Star - 387 words
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409 2011-05-13 12 Reuters [JAKARTA] Indonesia’s central bank left its benchmark interest rate on hold at 6.75 per cent yesterday for the third consecutive month as expected, but left the door open for rate rises as it sees inflationary pressures ahead. Analysts have scaled backReuters - 409 words
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Page 12 Advertisements
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Advertisement2520 2011-05-13 12 {*.<;!~.%|?}+_)$`(*>+=:`;<=(.)* In the Matter of the Companies Act, Cap 50 And in the Matter of KOTECK SIANG PTE LTD (Company Registration No. *****0042H) (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at 22 Kallang Avenue #07-02 Hong Aik Industrial Building, Singapore *****32,520 words
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Advertisement368 2011-05-13 12 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF BISHAN DIAGNOSTIC SERVICES PTE LTD Company No. *****6845R (In Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap 50 that the Final Meeting of Bishan Diagnostic368 words
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GREATER CHINA/INDIA
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Article, Illustration680 2011-05-13 13 Growth outpaces estimates, leading to worries of demand-led inflation Bloomberg [NEW DELHI] India’s industrial production grew at the fastest pace in five months, underscoring the central bank’s concerns that consumer demand is stoking inflation. Bond yields rose and rupee pared losses. OutputBloomberg; REUTERS - 680 words
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422 2011-05-13 13 Bloomberg [BEIJING] China’s central bank increased the reserve requirement ratio for its commercial banks by another 50 basis points yesterday, extending its campaign to calm prices despite initial signs of slowing in the economy. The increase, the eighth since October,Bloomberg - 422 words
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434 2011-05-13 13 Bloomberg [NEW DELHI] Goldman Sachs Group Inc plans to set up a yuan-denominated private equity fund in China, according to two people with knowledge of the matter, while rival Morgan Stanley said it would announce a similar fund next week. Chief executiveBloomberg - 434 words
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Advertisement83 2011-05-13 13 HH ja > H) 9n V JOIN US ON FACEBOOK CHRYSLERJEEP SG Jeep /V •i-. £3 < Uncompromised ride, between the road warrior, to everyday cruising with the family. A city and terrain sports utility vehicle, with a chameleon personality to fit your every need. Handstitched Leather Seats 0 782L83 words
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WORLD
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Article, Illustration516 2011-05-13 14 Rules to cover more stringent capital requirements, annual stress tests Bloomberg [WASHINGTON] Federal Reserve chairman Ben Bernanke said the central bank plans to propose regulations within the next few months for firms whose failure may endanger the financial system. “We anticipateBloomberg; REUTERS - 516 words
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Article, Illustration698 2011-05-13 14 Reuters [BANGKOK] Just two months ago, South-east Asia’s auto sector was on track for record sales growth. That’s now in question as firms struggle to ramp up output as supplies of essential components remain disrupted by Japan’s earthquake. Analysts say theReuters; BLOOMBERG - 698 words
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456 2011-05-13 14 Chrysler latest to market US$2.5b notes, adding to US$11b offers this year Bloomberg [NEW YORK] Bond offerings from automakers are accelerating to the fastest pace in five years as rising car sales lure investors to an industry in whichBloomberg - 456 words
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414 2011-05-13 14 Bloomberg [STRASBOURG, France] The European Union has stepped up warnings against a restructuring of Greece’s sovereign debt, saying such a move would have “devastating implications” for the country and the euro area as a whole. “A debt restructuring in Greece wouldBloomberg - 414 words
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590 2011-05-13 14 Japanese giant’s bid for Nycomed could top US$12b Reuters [TOKYO] Japan’s Takeda Pharmaceutical Co is in talks to buy privately-held Swiss rival Nycomed for more than US$12 billion, seeking to boost its presence in Europe and emerging markets, said two sources withReuters - 590 words
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Article, Illustration423 2011-05-13 15 Poor, low-lying communities in region badly hit AP [RENA LARA, Mississippi] Floodwaters from the bloated Mississippi River and its tributaries spilled across farm fields, cut off churches, washed over roads and forced people from their homes on Wednesday in the Mississippi Delta, a pov-erty-stricken region.AP - 423 words
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523 2011-05-13 15 Reuters [LONDON] High prices are holding back oil demand growth and threaten economic recovery in the West, the International Energy Agency said yesterday, meaning lofty crude prices could continue to topple. The energy adviser to industrialised nations trimmed its global oil demandReuters - 523 words
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357 2011-05-13 15 Regime had levelled Hama that year to crush uprising there AP [BEIRUT] Syrian soldiers and tanks executing a nationwide crackdown on regime opponents surrounded the city of Hama yesterday, which President Bashar Assad’s father laid waste to in 1982 to stamp outAP - 357 words
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594 2011-05-13 15 Firms pay more for raw materials and factory goods as energy prices jump LATEST US DATA AFP AP [WASHINGTON] Higher gasoline and food prices took a greater chunk from Americans’ pocketbooks in April as the growth of overall US consumer spending slowed inAFP; AP - 594 words
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671 2011-05-13 16 This year alone, taxpayers are spending over US$45b in interest on borrowed funds to fight Al-Qaeda Bloomberg [WASHINGTON] Even in death, Osama bin Laden will be taking revenge on American taxpayers for years to come. The US government spent US$2 trillion combating OsamaBloomberg - 671 words
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Article, Illustration110 2011-05-13 16 [CANNES] Members of the jury Hong Kong producer Nansun Shi, French director Olivier Assay as, Norwegian critic Linn Ullmann, Hong Kong director Johnnie To, Argentinian actress and producer Martina Gusman, French actress and host Melanie Laurent, US actor and President of the JuryAFP - 110 words
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599 2011-05-13 16 Reuters [WASHINGTON] Republican Newt Gingrich sharply criticised President Barack Obama’s handling of the US economy on Wednesday as he launched an uphill battle for the presidency in 2012. Mr Gingrich, who was speaker of the US House of Representatives in the 1990s, borrowed a signatureReuters - 599 words
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444 2011-05-13 16 FSA vows to take enforcement into the heart of London Bloomberg [LONDON] The UK’s Financial Services Authority (FSA) will focus its insidertrading investigations on senior London financial workers as part of its deterrence strategy, the finance watchdog’s acting enforcement chief said. TheBloomberg - 444 words
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580 2011-05-13 16 But shortfall for full year still expected to hit US$1.4t AP [WASHINGTON] The US government is taking in more tax revenue as the economy improves, but not nearly enough to keep the federal budget deficit from exceeding US$1 trillion for a thirdAP - 580 words
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Article318 2011-05-13 16 Incentive payouts set to go up 5 to 10% this year because of more banking activity: report Reuters [CHARLOTTE, North Carolina] Bonuses for US investment bankers are on track to rise 5 to 10 per cent this year as the global economy recovers, accordingReuters - 318 words
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Article, Illustration598 2011-05-13 17 Petrochemicals, refineries, food and materials sectors are investors’ good bets Reuters [BANGKOK] South-east Asia’s petrochemicals, refineries, food and materials sectors are good bets for investors as they are benefiting from the disruption to production in Japan caused by the March earthquake and the nuclear crisis,Reuters; AFP - 598 words
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334 2011-05-13 17 Technology companies in particular have been lobbying hard for this type of tax repatriation holiday. Reuters [WASHINGTON] Several lawmakers in the US House of Representatives introduced legislation on Wednesday that would allow corporations to bring profits held overseas back to theReuters - 334 words
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545 2011-05-13 17 Bloomberg [OSLO] Greenland is betting that a two-year commodity-price boom will bring it closer to ending almost three centuries of Danish colonial rule. The Arctic island is becoming a hotspot for drillers as easier-to-ac-cess resources dwindle, crude prices tripled since 2008 and tighter legislation inBloomberg - 545 words
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Article, Illustration600 2011-05-13 17 US$9b offering less than half of what had been expected Reuters [NEW YORK] American International Group (AIG) and the US Treasury on Wednesday said they will sell around US$9 billion in AIG stock, but sources familiar with the situation said the Treasury wouldReuters - 600 words
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Page 14 Advertisements
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Advertisement40 2011-05-13 14 m AUG 10 SUZUKI Vitara. White with black leather, *****km View now! AWESOME RIDE! DON'T MISS! Check out this car and many other pre-owned models in CATS Classified in The Straits Times now! AH* BUY IT• SELL IT• FIND IT40 words
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Advertisement26 2011-05-13 15 Over 91,216" downloads! I91.3FMI ■iGurtaumnl Sfow«/Tl\is.. W 913FM Get your f l"GG iPhone/iPad app now! *as of 6th May 2011 91.3FMI limmia TODflV S BEST MUSIC26 words
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Advertisement104 2011-05-13 15 US Prime Tenanted Properties at 'Distressed' Prices From US$65,000 cash Tenants paying 10% -15% yields v, 33 iff f fir I i Featured condo: 5 mins from Orlando airport 15 mins from City Centre, 20 mins from Theme Parks Full Facilities with Lake, 2 Pools, Sand Volleyball Court, Car wash,104 words
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Page 16 Advertisements
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Advertisement12 2011-05-13 16 Voting is over Touroperators seebrisk business forJune traveldeals 大 6 生 Tosubscribe,call6388-3838orgotosphsubscription.com.sg12 words
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Page 17 Advertisements
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Advertisement30 2011-05-13 17 COUCHSURFING IN INDIA Despite safety concerns, more travellers are sleeping on strangers’ couches now DEEPIKA PADUKONE: A RELATIONSHIP IS LIKE A BABY GETYOUR COPYTODAY FROMALL 7-ELEVEN OUTLETS (WHILE STOCKS LAST)30 words
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Advertisement70 2011-05-13 17 Tuck into CEOTHEGREAT outkkooocCHARITY Feast on mee goreng cooked by Mr Loh Lik Peng, founder and managing director of Hotel 1929, New Majestic Hotel and Wanderlust Feel good because all proceeds go to charity When:Tonight (7-9pm) Where: Food Republic Beer Garden* at St James Power Station the new paper *Opens70 words
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EDITORIAL & OPINION
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534 2011-05-13 18 EDITORIAL VARIOUS commodity prices took a severe knock last week. The S&P GSCI Total Return Index, a measure of general commodity price movements and inflation in the world, has slumped 10 per cent so far this month. The reason oft-cited by analysts is534 words
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Article, Illustration764 2011-05-13 18 ROBERT SAMUELSON - US youth may benefit from the crisis in housing THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group IF you’re an American 20-something or even younger, your economic future is at best clouded. Your taxes will almost certainly be higher than today’s; your public services (schools, police, sanitation, defence,The Washington Post Writers Group - 764 words
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Article, Illustration1020 2011-05-13 18 HUGO DIXON - Economic, political and environmental challenges are bound to slow the country down By HUGO DIXON REUTERS BREAKINGVIEWS HOW fast can China grow over the next decade? Nowhere near the breakneck speed it has enjoyed over the past three decades. Multiple economic, environmental and political challengesREUTERS; AFP - 1,020 words
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Article, Illustration1199 2011-05-13 19 LAWRENCE LOH - Perhaps it’s timely to start moving from professionalising directors to building a ‘directoring’ profession By LAWRENCE LOH The writer is associate professor at the Department of Strategy and Policy, NUS Business School. He is also affiliated to the School’s newly established Centre for Governance, Institutions andSTOCKXCHNG - 1,199 words
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Article, Illustration611 2011-05-13 19 KATHRYN YAP - Good IDs should, among other things, help uphold high ethical standards and the ability to act objectively By KATHRYN YAP The writer is managing partner of CTPartners in Singapore THE recruitment of independent directors for Singapore companies takes careful planning and consideration, asSTOCKXCHNG - 611 words
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AVIATION/SHIPPING
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Article, Illustration497 2011-05-13 20 Airline given an ultimatum of next Thursday to start job security discussions AFP [SYDNEY] Qantas pilots have warned that they will ballot for industrial action next week but Australia’s national carrier was spared a strike by aircraft engineers who called off their action planned forAFP - 497 words
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Article3353 2011-05-13 20 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1300 SQ456 1245 EY470 2220 NH6370 2220 VA7470 2220 Adelaide LH9771 1745 9W4082 2225 SQ278 1745 AF8088 2225 VS7278 1745 AY5011 2225 BA7382 2225 JL7893 2225 MU8439 2225 --QF82 2225 LH9770 2350 SQ279 2350 VS7279 2350 Amsterdam LO40313,353 words
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195 2011-05-13 20 NISHA RAMCHANDANI - By NISHA RAMCHANDANI [SINGAPORE] Budget carrier Tiger Airways posted a 23 per cent rise year on year in passengers carried to 623,000 for the month of April, while the average load factor across Asia and Australia gained four percentage points to hit195 words
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433 2011-05-13 20 [SINGAPORE] Two foreign workers were killed in an explosion at a shipyard recently vacated by UDL Marine, the marine engineering arm of Hong Kong-list-ed UDL Holdings. When the Singapore Civil Defence Force (SCDF) arrived at 3 Benoi Road, it found the433 words
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334 2011-05-13 20 JOYCE HOOI - By JOYCE HOOI [SINGAPORE] Boat Asia 2011 opened yesterday, larger and more luxurious with several more firsts under its belt. Fifteen per cent bigger in terms of on-land and on-water display space than last year and with more than 70 boats on display,334 words
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338 2011-05-13 20 AFP [WELLINGTON] Australian carrier Qantas has been ordered by a New Zealand court to pay a record NZ$6.5 million (S$6.4 million) penalty for price fixing, the country’s competition watchdog announced yesterday. The fine, “the highest yet for price fixingAFP - 338 words
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243 2011-05-13 20 Reuters [COPENHAGEN] Danish shipping line D/S Norden reported a smaller-than-forecast drop in operating profits for the first quarter, hit by a steep drop in dry-bulk spot rates, and said 2011 remains a challenging year. Earnings before interest and tax (Ebit) fell to US$30.0Reuters - 243 words
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SINGAPORE STOCKS
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Article8380 2011-05-13 21 Transaction date: May 12 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 14.5 8Telecom 15.5 unch 50 15.5 15.5 15 15.5 7.8 3.9 3.2 74.2 12 4.5 A-Sonic 6.5 -0.5 1028,380 words
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Article1544 2011-05-13 22 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 6 4 t AA Grp 4 3.5 4.5 19 3.9 202 145 t APStrategic 164 157 165 97.3 1.5 0.5 t Advanced System 0.51,544 words
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Article9796 2011-05-13 22 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.39/ APS Alpha Fund (USD)!** 1.13/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.76/ Aberdeen Asset Mgt Asia Limited American Opp 0.674/ Asian Credit Fund9,796 words
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Article231 2011-05-13 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A50 48 52.5 3.6 7 4 130.2 55 16 Genting HK US$ US42 -0.5 4326 42 41.5 41.5 42 2765.5 21 10.5 Over&Gen A14231 words
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Article837 2011-05-13 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 111.5 112.5 123 509 1077 761 CIMBAsean40 100US$ US1042 1042 1049 41.7 350 270 DBS STI ETF 100 317 -4837 words
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FINANCE & COMMODITIES
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374 2011-05-13 23 In local curr In S$ In US$ dy yr dy yr dy yr May 11 Index Change Change Change Change Change Change World Index Preliminary 934.5 -0.3 4.1 -0.4 2.4 -0.4 6.4 EAFE Preliminary 809.1 0.1 1.0 -0.2 1.5 -0.1 5.5 Europe Preliminary 1206.4 -0.1374 words
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Article173 2011-05-13 23 May 12 ss Offer Old Overnight t mii mill 2-months 3iWUWh5 wpmigh: mwlo- 0,01 0.02 5/16 3/3 7,05 (Mr 1/16 1/8 106 USS Offer Old J illllP' 1st?? 5 023 0,33 038 5 42 0,52 0,75 0.90 0.13 0.23 0.28 032 0,42 D 5S 0,70 5Ati Offer Bid173 words
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Article25 2011-05-13 23 May 12 S$ S$ Bid Offer 1-month 1.2391 1.2401 2-months 1.2391 1.2401 3-months 1.2391 1.2401 6-months 1.2388 1.2399 Source: OCBC Source: OCBC25 words
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Article121 2011-05-13 23 May 12 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.365 1.288 Can dollar 1.31 1.26 Euro 1.789 1.721 Sterling pound 2.06 1.981 NZ dollar 1.002 0.955 US dollar 1.254 1.206 Local dollars to 100 units of foreign121 words
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Article27 2011-05-13 23 May 12 Open High Sett STI May 3129 SIMSCI May 372.4 372.4 365.0 Taiwan May 319.4 320.9 318.8 Source: MF Global (S) Pte. Ltd27 words
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Article65 2011-05-13 23 May 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 11 3400 3400 3400 3330 166 3332 Jun 11 3400 3310 3400 3310 2050 ***** Jul 11 3258 3226 3277 3217 ***** ***** Aug 11 3228 320565 words
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Article469 2011-05-13 23 May 12 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun11 99.7350 0 3704 Sep11 99.6900 0 2142 Dec11 99.5950 0 1373 Mar12 99.4550 0 1328 EUROYEN TIBOR FUTURES Jun11 99.6725 99.6725 99.6725 99.6725 0 5803 Sep11 99.6800 99.6800 99.6800 99.6800 0 1474 Dec11 99.6825 0 1957469 words
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Article152 2011-05-13 23 May 12 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jun 11 505.0 495.0 498.8 10 Jul 11 495.0 495.0 493.3 20 Aug 11 483.7 Sep 11 485.0 474.0 478.0 56 Oct 11 475.0 472.0 471.3 28 Nov 11152 words
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Article81 2011-05-13 23 May 12 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 11.08.2011 0.28 0.28 0.23 1-Year BY*****X 02.05.2012 0.42 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0V 1.625 01.04.2013 102.22 5-Year N*****0W 1.125 01.04.2016 100.11 100.20 100.2081 words
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Article107 2011-05-13 23 May 11 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 11 1333.50 1340.00 1340.00 1319.00 Jul 11 1331.75 1338.00 1343.50 1313.50 Aug 11 1331.75 1337.00 1342.25 1313.50 Sep 11 1325.00 1329.75 1333.75 1308.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 11 56.07107 words
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Article77 2011-05-13 23 CRUDE OIL PRODUCTS May 11 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 114.80 -2.18 WTI (Near Mth) 98.86 -4.86 Dubai (1-Mth F) 111.06 2.77 Tapis blend 125.00 2.89 Minas 121.40 2.89 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 114.44 1.66 Jet Kerosene 130.25 3.00 US$/barrel Opec Oil77 words
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2690 2011-05-13 23 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 25 1 150 7 6.56 36 ASJ Hldgs W*****1 1.5 1 4 10 3.33 9 AlliedTech W*****2 3.5 1 4 30 Asia Water Tech Ltd W*****8 3.5 12,690 words
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Article464 2011-05-13 23 May 12 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.025 6.901 0.747 8.254 47.660 90.757 0.861 11.523 3.192 1.346 90.014 45.742 1.316 7.345 0.942 30.408 32.093 0.650 1.062 Canada 0.976 6.734464 words
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Article83 2011-05-13 23 May 12 (USS) (55) I mth 0.***** 0.***** 2. mths 0 ***** 0.***** 3 mths 0 2G917 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0-***** 12 mths 0.7480b 0.***** SWAPOffer rates (SS) 1 mth ...0.***** 2 mths.. 0 ***** 3 mths.. .0.***** 6 mths 0.***** 9 mths 083 words
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Article155 2011-05-13 23 May 12 May Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3156 1.3169 1.0617 1.0619 Canadian dollar 1.2838 1.2851 1.0361 1.0363 Euro 1.7613 1.7628 1.4214 1.4215 NZ dollar 0.9770 0.9781 0.7885 0.7887 Sterling pound 2.0238 2.0257 1.6333155 words
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Article138 2011-05-13 23 May 12 GOLD (US$/oz) May 11 May 12 Hong Kong 1529.00 1495.40 May 11 May 10 London 1510.00 1516.36 1510.75 1517.13 Source: Thomson Reuters CAST BAR May 11 (S$) Selling Buying Kilobar 64,260.99 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 144 60 5gm 409 300 10gm 730138 words
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Article71 2011-05-13 23 May 11 May 11 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2620.50 2653.00 3 months 2612.00 2652.00 Copper, Grade A (US$/tonne) Cash 8679.75 8888.25 3 months 8700.00 8910.00 Lead (US$/tonne) Cash 2315.00 2358.50 3 months 2295.00 2335.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article82 2011-05-13 23 May 11 COCOA (£/tonne) Close Prev High/Low May 11 1883 1879 1904/1858 Jul 11 1912 1909 1937/1887 Sep 11 1931 1928 1953/1905 Dec 11 1853 1949 1975/1927 COFFEE (US$/tonne) Close Prev High/Low May 11 2500 2567 2556/2500 Jul 11 2514 2585 2594/2501 Sep 11 2541 2609 2617/2526 Nov 1182 words
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Article5625 2011-05-13 24 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination SIAM JADE Muscat/Sharjah/Doha/Bahrain/Dammam5,625 words
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Page 24 Advertisements
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Advertisement11 2011-05-13 24 To All Shipping Advertisers: Please call Joe Wong at 9620 132711 words
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Page 25 Advertisements
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Advertisement53 2011-05-13 25 Importers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times?53 words
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executive lifestyle
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Article, Illustration1537 2011-05-13 26 CHRISTOPHER LIM - Independent conferences, festivals and gigs happening at the same time as the Singapore Arts Festival’s music component will vie for the concert-goer’s attention and wallet, reports CHRISTOPHER LIM reports CHRISTOPHER LIM THE Singapore Arts Festival looks set to dominate the stage in the next few weeksPHOTO-ILLUSTRATION: MOHD KHAIRIE - 1,537 words
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CINEMA
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Article, Illustration570 2011-05-13 27 GEOFFREY EU - By GEOFFREY EU MICMACS is a lightweight film about a band of cartoon-worthy oddballs each with a singular talent who collaborate on an outlandish scheme to expose the immoral and possibly illegal practices of arms manufacturers. “It helps to be a little odd… to getEPITHETE/TAPIOCA FILMS - 570 words
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Article, Illustration533 2011-05-13 27 DYLAN TAN - By DYLAN TAN THERE’S more than just a clash of culture between humans and aliens in Paul, a sci-fi parody that pairs up comedians from both sides of the Atlantic. The mash-up of wry British humour and American stoner comedy in a single533 words
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Article, Illustration522 2011-05-13 27 DYLAN TAN - Priest leads the charge of the summer blockbusters with bluster, writes DYLAN TAN writes DYLAN TAN AFTER being given a bad name as love-lorn emotional freaks in the Twilight movies, Priest tries to give vampires their bite back. But as impressively nasty as the translucent-skinned creatures of theSCREEN GEMS - 522 words
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Article, Illustration504 2011-05-13 27 TAN TECK HENG - By TAN TECK HENG NO matter how hard you wish, the sun refuses to set on the slew of Twilight clones invading cinema screens. The latest to jump onto the teen fantasy romance bandwagon is Beastly, where Alex Pettyfer’s lead character Kyle is no sparkly vampire heartthrob,504 words
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MUSIC
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Article, Illustration512 2011-05-13 28 NATALIE KOH - By NATALIE KOH YOU don’t expect music by a duo that’s barely been around for two years to sound like they belong to Mambo Night at Zouk especially when the members are in their mid-20s. Yet, British synthpop duo Hurts really do. The Manchester pair wereDOMINIC PHUA - 512 words
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Article, Illustration1030 2011-05-13 28 CHRISTOPHER LIM - Universal Music’s Sandy Monteiro says music will be within everyone’s reach in two years, reports CHRISTOPHER LIM reports CHRISTOPHER LIM LOVERS of online music have had cause to cheer in the past few years because the pressures of piracy and falling CD sales have forcedPHOTOS: RDIO ONLINE MUSIC SERVICE, SPOTIFY ONLINE MUSIC SERVICE - 1,030 words
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Article, Illustration459 2011-05-13 28 CHRISTOPHER LIM - DVD REVIEW By CHRISTOPHER LIM IF YOU have admired Jewel, Feist, Taylor Swift, or any artists who sing their own songs while wielding guitars, Troubadours will take you on a journey through the 1970s American singer-songwriter movement that helped to inspire them. The DVD cover is459 words
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Article, Illustration734 2011-05-13 28 CHRISTOPHER LIM - CD REVIEWS By CHRISTOPHER LIM AS A broad umbrella, electronica is staggeringly diverse and extends far beyond the stereotype of monotonous house music to encompass everything from intimate songs to majestic anthems. New releases from Gorillaz, James Blake, Tennant/Lowe and Deadmau5 demonstrate the point, and show that734 words
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WINE
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Article, Illustration976 2011-05-13 29 N K YONG - Both classic and modernist styles can co-exist comfortably within one winery, and the wine lover is the richer for it, writes N K YONG writes N K YONG THE recent wine MasterClass conducted by Pio Boffa of PIO CESARE at the just concluded World Gourmet Summit was prompted976 words
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Article, Illustration278 2011-05-13 29 AFP ANYONE with a taste for toasting the rich, famous and incarcerated might want to bid on this: fraudster Bernard Madoff’s wine cellar is coming to the auction block. Morrel and Company, a New York concern, will hold the sale next Wednesday onAFP - 278 words
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ARTS
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Article, Illustration525 2011-05-13 30 LYNN KAN - By LYNN KAN PRANCING around in one’s undies. That’s a closeted affair, reserved for very personal downtime, preferably in one’s own room. Airing this personal hedonism on the open stage are the dancers of Les Ballets C de la B, who perform quite a lot of525 words
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Article, Illustration593 2011-05-13 30 CHEAH UI-HOON - Brussels-based choreographer Arco Renz fuses ancient Cambodian moves with a modern stance, writes CHEAH UI-HOON writes CHEAH UI-HOON PERHAPS what makes Brus-sels-based choreographer Arco Renz a choreographer of choice is that he doesn’t have a specific style per se. So instead of “imposing” a particular movement vocabularyPHOTO: CHRIS VAN DER BURGHT - 593 words
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Article, Illustration515 2011-05-13 30 DYLAN TAN - By DYLAN TAN GIVEN how the influx of migrants became a hot-button issue at the recent General Elections, it’s timely that local singer-songwriter Dick Lee revisits the topic of what our true national cultural identity is again in a new show he’s performing in515 words
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AROUNDTOWN
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Article, Illustration210 2011-05-13 30 BHUTANESE monasteries may make for good pictures, but they weren’t made for the ageing monks. The impressive fortresses with steep stairs, cold stone walls, broken floors and dug-out toilets just aren’t suited for older monks, who also find themselves homeless after moving out to make room for210 words
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Article175 2011-05-13 30 Former Buddhist monk Sohan Qadri meditates before he puts paint to canvas, ensuring that with whole concentration, he could induce an inner unification with his art. The late Sohan was initiated by a Sufi master and a Vajrayana Tantric guru as a young boy. Both teachers taught175 words
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Article122 2011-05-13 30 French chanteuse Belle du Berry known to international audiences as the lead singer of the World Music group Paris Combo will croon to Singapore audiences tomorrow in a concert with Australian instrumentalist and Combo colleague David Lewis. Paris Combo think blues, swing and flamenco has been described122 words
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Article147 2011-05-13 30 CHEAH UI-HOON - Compiled by CHEAH UI-HOON The Singapore Chinese Orchestra presents a young children’s concert which aims to be of interest to children in Chinese orchestral music. By making the concert an interactive one, and throwing in visual stimuli such as luminous gloves and drumsticks, children should find it147 words
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ARTS/GAMING
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Article, Illustration982 2011-05-13 31 NATALIE KOH - Brian Gothong Tan juxtaposes film and theatre to show audiences “different levels of reality” by blurring its lines, reviews NATALIE KOH reviews NATALIE KOH ADDINGmultimediaworks to theatre productions isn’t exactly a new idea. But melding a theatre experience with a film one? Now that’s worth a second982 words
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Article, Illustration529 2011-05-13 31 LEE KIM SIANG - GAMING REVIEW By LEE KIM SIANG SNAP, crackle, and pop. No, not the breakfast cereal, but rather the highly anticipated release of Mortal Kombat as bones snap, flames crackle and joints are popped out of their sockets. Hardcore fans were less than impressed with 2008’s crossoverWB GAMES - 529 words
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Article, Illustration796 2011-05-13 31 CHEAH UI-HOON - By CHEAH UI-HOON BEING based half the time in France allows Malaysian artist Chong Siew Ying access to new material even if she often has to “smuggle” her paintings in and out of countries. “If only I were a writer, then all I’d need toPHOTOS: VALENTINE WILLIE FINE ART - 796 words
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Page 26 Advertisements
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Advertisement9 2011-05-13 26 CINEMA The blustery summer blockbusters are here PAGE 279 words
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Page 29 Advertisements
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Advertisement128 2011-05-13 29 CORNDALE CONSULTANTS PTE LTD Leading Fine Wine Merchant in Southeast Asia Pioneers of Bordeaux En Primeur Campaign in Singapore ':u.. ,wi.-■ .i'iSi: U mmmm 1 ■T •> IM-:TH,T.S S' EMI fo& #V V.V/i .WA* 7 >•»■ fit S' leiS^SS&^^aiSSsS sssss V > K 7,— i .T M V > 'L128 words
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Page 30 Advertisements
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Advertisement58 2011-05-13 30 Heartbeat Of The Indian_ Community Incisive features from India, news about the local Indian community, as well as business, education, entertainment, food and sports... with an Indian slant of course. t a a COMMUNITY he*K tbE *I PRIME TIME smppo"* MOpOT an iw w masa koM* -r,rnrssz cs For more58 words
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Page 31 Miscellaneous
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Miscellaneous304 2011-05-13 31 CRYPTIC CROSSWORD Across 1 Limited outlet for courage and audacity (10) 6 10 Develop arts to obtain spun swaddling lace (4,5) 11 Holding it should improve one’s prospects (9) 12 Lady stopped short in front of a new plant (8) 13 Laziness of large number in shorthand (5) 15 ‘My304 words
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Page 32 Advertisements
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Advertisement362 2011-05-13 32 TOSHIBA Leading Innovation Windows®. Life without Walls™. Toshiba recommends Windows 7. TOSHIBA 6CO st v Toshiba Group contributes to the sustainable future of planet Earth. iVJ. A. v" v J2L as vV r. sfi i ♦> Hs ra** ri2fc >■< H- Hal i TOSHIBA i i III «hc> *sw<. 9C362 words
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