The Business Times, 27 May 2011
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2011-05-27
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The Business Times
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Title Section23 2011-05-27 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sft\ A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Friday, May 27,201123 words
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725 2011-05-27 1 VIKRAM KHANNA - New realities force a rethink; S’pore’s hub status may be hit By VIKRAM KHANNA [SINGAPORE] At the 15th Singapore Economic Roundtable on Monday organised by the Institute of Policy Studies (IPS), one of the participants head of an international business organisation in725 words
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Article, Illustration1029 2011-05-27 1 MICHELLE QUAH - ‘Still in search of justice!’ she tweets after ruling against her finds her assertions ‘bald’ By MICHELLE QUAH [SINGAPORE] After two whole months of waiting, the verdict is in: the High Court yesterday ruled against Dr Susan Lim, in her attempt1,029 words
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Article145 2011-05-27 1 G ST INDEX 3,123.70 (+5.05) G ST INDEX FUTURES 3,124 (+5) G SIMSCI 363.85 (+0.93) G SIMSCI FUTURES 364.00 (+0.50) FOREX US$ S$ US$ (S$ per US$) 1.243 (US$/S$ per 1.629 2.026 EURO (US$/S$/E) 1.418 1.763 Foreign currency per US$ S$ YEN 81.90 65.90 RM 3.041 2.445 HK$145 words
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Page 1 Advertisements
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Advertisement155 2011-05-27 1 MARINE PLAYS More pain for container stocks before recovery PAGE 6 HOCK LOCK SIEW Has SIA bitten off more than it can chew? PAGE 4 EXECUTIVE LIFESTYLE Hong Kong ups its art game I PAGE 34 Short but revealing speed date I PAGE 38 Common sense about vintages I PAGE155 words
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Advertisement10 2011-05-27 1 M'SIAN PROPERTY Higher rates fail to deter buyers PAGE 1410 words
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Advertisement8 2011-05-27 1 COMMENTARY LeeKuanYew-istan forever PAGE 27 8 '*****1 *****48 words
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TOP STORIES
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Article563 2011-05-27 2 After battle in court, Dr Lim loses first set AFTER two whole months of waiting, the verdict is in: the High Court yesterday ruled against Dr Susan Lim, in her attempt to prevent the Singapore Medical Council from probing further into allegations that she had overcharged a wealthy563 words
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Article, Illustration579 2011-05-27 2 LYNN KAN - Industry on track to hit target of 11,000 jobs created, $1.7b GDP share by 2015 By LYNN KAN [SINGAPORE] Investment into Singapore’s water industry has doubled over the last five years up from 2005 when the industry contributed $660 million and 6,300 jobsFILE PHOTO - 579 words
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Article, Illustration427 2011-05-27 2 EMILYN YAP - Khaw sets near term focus on their housing needs By EMILYN YAP [SINGAPORE] Young couples, divorcees with children and low income families are among those who have made it to the Ministry of National Development’s (MND) priority list. Former Health Minister Khaw Boon Wan,427 words
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1197 2011-05-27 4 VIKRAM KHANNA - Korean academic makes robust case for industrial policy at Economic Roundtable By VIKRAM KHANNA [SINGAPORE] For most of the last three decades, during the ascendancy of freemarket economics, industrial policy has had a bad name. The idea that government bureaucrats could successfully1,197 words
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478 2011-05-27 4 TEH SHI NING - By TEH SHI NING [SINGAPORE] Singapore’s industrial production shrank 9.5 per cent year-on-year in April its first fall in more than a year. The contraction, worse than the minus 3.5 per cent consensus forecast, was due to the ever-volatile pharma sector and weaker semiconductor478 words
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Article, Illustration476 2011-05-27 4 Reuters [ZURICH] Fifa’s corruption problems took an astonishing twist on Wednesday when presidential candidate Mohamed bin Hammam was ordered to face an ethics hearing after an insider alleged possible bribery. Asian Football Confederation president Mr Bin Hammam quickly denied any wrongdoing just daysReuters - 476 words
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Article, Illustration804 2011-05-27 4 VEN SREENIVASAN - HOCK LOCK SIEW By VEN SREENIVASAN A STROKE of brilliance or a potentially costly blunder? Industry watchers have already started debating the merits of Singapore Airlines’ (SIA) decision to start up a long and medium-haul no-frills budget airline for sometime. TheAFP - 804 words
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368 2011-05-27 4 LYNETTE KHOO - By LYNETTE KHOO [SINGAPORE] The lawsuits involving corporate bigwig Han Cheng Fong and other parties in the Hangzhou-Singapore EcoPark (HSEP) project will be heard in the open court, a High Court judge ruled yesterday. Dr Han’s application for summary judgment was368 words
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Advertisement185 2011-05-27 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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Advertisement82 2011-05-27 2 THE WORLD'S PREMIER WATCH AUCTIONEER WED JUN Important Modern Vintage Timepieces Auction in NEW YORK Wednesday, June 8, 2011 SINGAPORE PREVIEW Monday, May 30 10:00am 6:00pm FAIRMONT SINGAPORE 4th Level The Clark Room 80 Bras Basah Road Singapore *****0 tiquorum 7 it AUCTIONEERS SINCE 1974 Enquires: hk@antiquorum.com Antiquorum Hong Kong82 words
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Advertisement330 2011-05-27 3 Open House i N > Y N > m i yi Si M kv I 1 m B YjY •t mm m jV't'o -ft: h. f YJ I V: *'!< >£&£0i i» oridi IX R E E. H O Come home to lush pools and luxurious facilities Imagine the Miami330 words
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Advertisement43 2011-05-27 4 i v. Grade "A" Biz Space Heart ofrRobinsonj Superlative, 2 xVolume Hall 9 m Column Free Expanse 2 Levels 10,150 sq feet $8 psf mth JERRY LUM Fffl Snr Marketing Director, MBA, CES JTO HP: 8288 0098 View: jerrylum.myweb.sg ONE Million Dollar CASH43 words
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COMPANY NEWS
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348 2011-05-27 5 JAMIE LEE - SGX gets first Nordic clearing trading member Skandinaviska Enskilda Banken plans to use access to tap Asian region By JAMIE LEE THE Singapore Exchange (SGX) has brought in its first Nordic clearing and trading member, Skandinaviska Enskilda Banken (SEB), as the exchange targets big boys in the region to expand348 words
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Article, Illustration390 2011-05-27 5 LYNN KAN - Entry seen as timely to ride on oil gas sector boom By LYNN KAN NAM Cheong, one of the world’s leading offshore support vessel (OSV) builders, starts trading today on the Singapore Exchange mainboard after Eagle Brand Holdings made a $472 million390 words
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224 2011-05-27 5 ENYA LIM - By ENYA LIM THE global launch pad for emerging technologies is coming to Singapore in the form of DEMO Asia 2011. The inaugural event here, to be held on Nov 29 and 30 at Marina Bay Sands, will be jointly organised by Sphere Exhibits224 words
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323 2011-05-27 5 JASMINE NG - By JASMINE NG THE proposal to merge MacarthurCook Property Securities Fund (MPS) and P-Reit an unlisted property trust is incomplete, the board of directors of MacarthurCook Funds Management Ltd (MCFM) said yesterday, advising unitholders against acting on the development. MCFM had received the proposal from323 words
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231 2011-05-27 5 Bloomberg PERENNIAL China Retail Trust has raised $784 million in an initial public offering (IPO) that was postponed in March because of stockmarket volatility, a person with knowledge of the matter said yesterday. The Singapore-based business trust is selling 1.1 billion unitsBloomberg - 231 words
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456 2011-05-27 6 RONNIE LIM - By RONNIE LIM WITH rising oil prices and demand for rigs picking up again, KS Energy (KSE) has contracted Cosco Nantong Shipyard Co Ltd, part of Cosco Corp (Singapore), to build two new jackup rigs for US$388 million. When completed in 2-3 years456 words
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468 2011-05-27 6 JOYCE HOOI - Softer rates and higher bunker costs cited for Q1 losses MARINE PLAYS By JOYCE HOOI THE tides turn awfully quickly in a seafaring industry. Just months after those in shipping dared to say that they were out of the woods, first-quarter earnings have468 words
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178 2011-05-27 6 JOYCE HOOI - By JOYCE HOOI COSCO Corporation (Singapore) recouped more ground in the market yesterday, with its stock price gaining 2.6 per cent on news that one of its shipyards had landed a US$356 million deal for jack-up rigs. The counter closed at $2.00,178 words
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245 2011-05-27 6 FELDA CHAY - By FELDA CHAY CRANE company Tat Hong Holdings saw a 61 per cent fall in net profit for its fourth quarter from a year ago on lower margins for most of its divisions. Earnings for the three months ended March 31 fell245 words
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506 2011-05-27 9 NISHA RAMCHANDANI - Earnings hit by plunge in fair value gains from investment property By NISHA RAMCHANDANI PROPERTY and retail group Metro Holdings registered a 74 per cent year-on-year drop in net profit to $14.56 million for the fourth quarter ended March 31, 2011. Gross profit rose506 words
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Article148 2011-05-27 9 ENYA LIM - By ENYA LIM HANKORE Environment Tech Group (formerly Bio-Treat Technology) has revamped its board of directors in a move to rebuild and entrench itself as an advanced technological and environmental China company. David Chen Da Wei has been appointed as the company’s chief executive officer and executive148 words
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427 2011-05-27 9 VEN SREENIVASAN - But generous payout proposed as full-year net profit rises 21% By VEN SREENIVASAN DESPITE losses on its Libyan projects which sent it into the red for its fourth quarter, mainboard engineering company Boustead Singapore proposed a generous final payout of five cents per share427 words
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398 2011-05-27 9 JOYCE HOOI - By JOYCE HOOI LUXURY hotel and property developer Stamford Land Corporation doubled its full-year profit for the period ended March 31 from a restated $28.5 million to $60.1 million, helped by substantially higher fair value gains. The 12 months saw pretax fair398 words
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264 2011-05-27 9 TEO SI JIA - By TEO SI JIA ARTIVISION Technologies reported a net loss of $1.37 million for the fourth quarter ended March 31, 2011, down from the net loss of $1.67 million a year ago for the IT-related company. For the full year to March 31, net264 words
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Advertisement283 2011-05-27 6 For Sale by Tender Prestigious Good Class Bungalow at Victoria Park Road District 10 A regular elevated GCB plot with: i. a 2½-storey modern-designed detached house; and ii. a 2-storey colonial-style black and white detached house Site Area: approx 32,077 sq ft Total Floor Area: approx 20,000 sq ft Quiet283 words
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Advertisement149 2011-05-27 7 www.vw. com. sg J jgjKj™ BLIPS E2 a There's no soft option >> ■>. sea SBfe 3— MB WPr.Z-J>*ea> —>3 9 w~ 2K W.'i V«f &*shwtfe6 rsSs^aeFsmm New Eos. With its CSC roof the new Eos is the only cabriolet in the world with the option of three driving experiences.149 words
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SINGAPORE MARKETS
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Article, Illustration581 2011-05-27 8 R SIVANITHY - Market lacks action, prices drift within narrow bands in tandem with ST Index STOCKS R SIVANITHY Senior Correspondent THEREwasn’tmuchchange in yesterday’s trading session from the several that preceded it, as most prices drifted within narrow bands, taking their cue from a similarly lethargic StraitsSource: Bloomberg - 581 words
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Article66 2011-05-27 8 May 26 VALUE CLOSE BT OB/OS -454.00 -32.00 BT CADI -*****.00 -43.00 BT 10-day MA -*****.00 -46.00 FTSE ST Mid Cap 756.06 +0.76 FTSE ST Small Cap 530.47 -0.87 FTSE ST All Share 765.74 +1.00 FTSE ST China Top 263.51 +0.11 FTSE ST China 300.87 +0.24 FTSE66 words
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Article186 2011-05-27 8 MAIN SDQ TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 7 6 0 0 0 4 7 6 Manufacturing 42 47 63 1 4 13 43 51 76 Commerce 14 22 20 1 4 4 15 26 24 Tpt/Stor/Comms 13 17 13186 words
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BROKERS’ TAKE
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Article351 2011-05-27 8 May 26 close: $14.12 Kim Eng Research, May 26 SINGAPORE Airlines (SIA) has announced that it is establishing a new no-frills, low-fare airline operating wide-body aircraft on medi-um-and-long haul routes. The new airline will enable SIA to serve a largely untapped new market and cater to the growing351 words
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Article, Illustration394 2011-05-27 8 JOYCE HOOI - Compiled by JOYCE HOOI May 26 close: $0.47 CIMB Research, May 26 Q4 2011 net profit of $0.7 million (-92 per cent y-o-y) was 88 per cent below street and our expectations, with FY2011 net profit of $8.0 million (-75 per cent y-o-y) forming 60 per centSource: Bloomberg - 394 words
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Article135 2011-05-27 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,135 words
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Article122 2011-05-27 8 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 21,701 21,701 48,706 48,706 Manufacturing 192,431 8,229 200,660 171,694 436 172,129 Commerce 114,456 12,186 126,642 114,824 3,412 118,236 Tpt/Stor/Comms 105,088 2,517 107,605 190,292 301 190,593 Finance 11,098 5 11,103 89,422 1 89,422 Construction 71,170 2,190122 words
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Article107 2011-05-27 8 Stock name Close Change CapMallsAsia 1.630 +0.010 CapitaLand 3.110 CapitaMall 1.930 CityDev 10.980 -0.020 ComfortDelGro 1.450 +0.010 DBS Grp 14.680 -0.020 F&N 5.970 +0.010 GLP 2.000 Genting SP 2.010 Golden Agri 0.690 +0.005 HK Land 7.400 +0.020 JMH 51.200 -0.220 JSH 29.420 -0.240 Jardine C&C 38.320107 words
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Article, Illustration384 2011-05-27 8 CURRENCIES Reuters [NEW YORK] The euro fell to a record low against the Swiss franc yesterday after comments from Eurogroup president Jean-Claude Juncker raised doubts about whether the IMF would release the next aid tranche for Greece. The euro also trimmed mostReuters; BLOOMBERG - 384 words
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Article61 2011-05-27 8 VOLUME Golden Agri 141,977,000 Infinio 63,214,000 Genting SP 58,656,000 UniFiber 49,944,000 Pertama 41,861,000 Cosco Corp 34,875,000 IS MSCI India 100 23,778,600 GMG Global 21,566,000 NexGenSCom 19,656,000 Artivision 17,883,000 VALUE($) IS MSCI India 100 205,361,824 Genting SP 118,141,410 Golden Agri 97,687,610 Cosco Corp 69,317,370 SIA 38,296,300 Wilmar 31,619,19061 words
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Article119 2011-05-27 8 BY CENTS CLOSE UP DBXT MSKorea 10US$ 6247 293.3 3.9 DBXT Nifty 10US$ ***** 162.8 1.1 DBXT FTVietnam 10US$ 2605 74.6 2.4 DBXT MSAsExJp 10US$ 3379 72.1 1.7 DBXT MSJAP 10US$ 3735 52.2 1.1 DBS Bk 4.7% NCPS 100 ***** 30.0 0.3 DBXT MSINDO 10us$ 1518 29.8 1.6 Asia119 words
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Article113 2011-05-27 8 BY CENTS CLOSE DOWN UOB 5.05%NCPS 100 ***** -60.0 -0.6 DBXT S&P Short 10US$ 4228 -55.9 -1.1 DBXT FTChina25 10US$ 3177 -42.3 -1.1 DBXT MSUSA 10US$ 3167 -34.8 -0.9 JSH 2942 -29.8 -0.8 JMH 5120 -27.3 -0.4 STXPO 100 865 -27.0 -3.0 ZhongminBH 151 -13.0 -7.9 ChinaFish 146 -8.0113 words
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Advertisement318 2011-05-27 9 theC I ft 1 T i i== """I I "1. i£rl jp] m«~ ?i r i -i- ••••••it i u I, L W IB. I "life:" i vr s 5r v x 6 A <r f. p^; -r »•>, •/T$ Bi^* f Srnil •H ti 11 a New heights of318 words
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SINGAPORE NEWS
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Article, Illustration320 2011-05-27 10 LESTER HIO - It’s considering satellite hospices in other parts of S’pore By LESTER HIO DOVER Park Hospice (DPH) yesterday named Dr Tony Tan as its first patron, even as it announced plans for a $3 million expansion. The number of beds will soon increase from 40ARTHUR LEE - 320 words
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229 2011-05-27 10 FOR the first time ever, Singapore has signed an agreement with an international gaming regulator. The Casino Regulatory Authority of Singapore (CRA) yesterday inked a Memorandum of Understanding (MOU) with the Nevada Gaming Control Board (NGCB). This paves the way for enhanced collaboration in229 words
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376 2011-05-27 10 EMILYN YAP - New player Hao Yuan puts in bid above expectations for Sembawang plot By EMILYN YAP SINGAPORE’s property market has a new player by the name of Hao Yuan Investment, and it has created quite an impression by submitting the top bid in what could be376 words
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Article407 2011-05-27 10 MINDY TAN - By MINDY TAN EVEN as accounting firms are encouraged to go regional, questions arise as to whether smaller firms are equipped to tackle the broader market, and whether all firms in general recognise the gap between what the market expects and what they provide. Asked407 words
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335 2011-05-27 10 She manipulated income accounts to evade taxes FOR evading about $30,000 in tax, eye surgeon Chiang Currie, 55, was sentenced to six months jail yesterday and ordered to pay a penalty of $117,888. Investigations show that Dr Chiang, who owns335 words
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207 2011-05-27 10 NOTABLE philanthropist Frank Cintamani is doing his part for charity once again only this time, in the kitchen. The CEO of Fide Multimedia will be whipping up skewers of lok lok, a traditional street snack, at the Food Republic Beer Garden tonight, from 8207 words
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328 2011-05-27 10 UMA SHANKARI - By UMA SHANKARI ORGANISERS of the Great Singapore Sale (GSS), which kicks off today, expect takings during the two-month-long shopping season to climb from last year as the economy continues to improve and tourist arrivals remain robust. The Singapore Retailers Association (SRA) said retailers328 words
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609 2011-05-27 10 KALPANA RASHIWALA - Capital values expected to be re-priced at faster pace this year By KALPANA RASHIWALA PROSPECTS for investing in Singapore’s office, retail and industrial property markets have been categorised as “hot” as at the first quarter of this year in DTZ’s latest Money into609 words
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Advertisement53 2011-05-27 10 Choice f T ln Singapo^ V m LX 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. An English weekly available free every Friday at all 7-Eleven outlets For advertising enquiries, call 9171-4327 9693-026653 words
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ROLES OF CFO
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Article, Illustration1801 2011-05-27 11 LYNETTE KHOO - However, they are expected to become more aware of sustainability reporting with the release of guidelines by SGX last August, reports LYNETTE KHOO reports LYNETTE KHOO CORPORATE social responsibility (CSR) may not be a foreign concept to Singapore companies but it appears that articulating1,801 words
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Page 11 Advertisements
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Advertisement147 2011-05-27 11 'The aning behind the numbers appealed to me.' Chartered Institute of Management Accountants What appealed to me wasn't just the idea of producing the numbers but working out the meaning behind them. I could see that CI MA goes further to help you understand business drivers and how you can147 words
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ECONOMY WATCH
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681 2011-05-27 12 Global financial system at risk if greenback’s value continues to decline: report Reuters [UNITED NATIONS] The United Nations warned on Wednesday of a possible crisis of confidence in, and even a “collapse” of, the US dollar if its value against other currencies continuedReuters - 681 words
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Article, Illustration558 2011-05-27 12 Bloomberg [WASHINGTON] US Treasury Secretary Timothy Geithner said that some lawmakers and bankers are waging a “war of attrition” against efforts to strengthen regulation of the financial system. “You’re seeing some people run a war of attrition against the reform act,” MrBloomberg; REUTERS - 558 words
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416 2011-05-27 12 He also ups jobless rate projection, calls for rate hikes Bloomberg [ATLANTA] Federal Reserve Bank of Minneapolis president Narayana Kocherlakota trimmed his forecast for US economic growth and raised his outlook for unemployment slightly while repeating his call for higher interest rates this year.Bloomberg - 416 words
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280 2011-05-27 12 Reuters [WASHINGTON] The stimulus law enacted in 2009 to help jolt the United States out of recession continued to pay dividends this year by adding jobs and expanding the economy, the Congressional Budget Office (CBO) said on Wednesday. For the first threeReuters - 280 words
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Article, Illustration375 2011-05-27 12 Reuters [SYDNEY] Australian business investment rose solidly last quarter as firms spent heavily on machinery and building, while spending plans for the next fiscal year were upgraded to a fresh record high in an upbeat sign for future growth. The Australian dollar climbedReuters - 375 words
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Advertisement182 2011-05-27 12 THE INAUGURAL CROSS-BORDER INVESTOR RELATION ROADSHOW IN SINGAPORE 28May2011(Saturday) 8.30amto5.30pm SPH News CentreAuditorium, 1000Toa Payoh North Singapore *****4 Sign up now www.IndonesiaGems.com Invest in the Gems of Indonesia Equity Market Hurry! Limited seats left!! Attend to redeem 1 day seminar voucher for the renowned course on Market Timing by Sam182 words
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Page 13 Advertisements
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Advertisement6 2011-05-27 13 Business Times, Friday, May 27, 20116 words
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MALAYSIA
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596 2011-05-27 14 The lender will use Kim Eng’s offices in S’pore and Indonesia to improve sales Bloomberg [KUALA LUMPUR] Malayan Banking Bhd aims to capture a bigger share of Islamic bond underwriting following its purchase of Kim Eng Holdings Ltd, its head of investment bankingBloomberg - 596 words
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609 2011-05-27 14 PAULINE NG - Robust take-up rates witnessed at two high-profile property launches in KL By PAULINE NG in Kuala Lumpur HIGH-END property buyers have shrugged off the higher cost of funds judging by recent launches in Kuala Lumpur that have seen strong demand, even at new609 words
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Advertisement2562 2011-05-27 14 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg BIOSENSORS INTERNATIONAL GROUP, LTD. (Incorporated in Bermuda with limited liability) (Company Registration No. EC *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of the Company will be held at The Parawave, Level 4, Paramount Hotel, 252,562 words
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GREATER CHINA
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Article, Illustration483 2011-05-27 15 Provinces may see some pressure on inflation but growth momentum intact Reuters [BEIJING] Severe drought in central China and worsening power shortages are pushing up food prices and hurting factories, but the overall impact on the country’s inflation and economic growth will be limited, analysts say.Reuters; REUTERS - 483 words
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305 2011-05-27 15 Bloomberg [HONG KONG] China Investment Corp and Temasek Holdings are among the key investors who plan to buy a combined US$415 million of shares in Huaneng Renewables Corp’s initial public offering, two people with knowledge of the matter said. The Chinese sovereign wealthBloomberg - 305 words
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444 2011-05-27 15 He’s granted bail of HK$20m, ordered to surrender passport Reuters [HONG KONG] Hong Kong police yesterday lodged forgery charges against a feng shui master who tried to inherit the multi billion-dol-lar fortune of late developer Nina Wang, news reports said. Tony Chan chun-chuen, MsReuters - 444 words
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Advertisement800 2011-05-27 15 VIZ BRANZ LIMITED (Company Registration No.: *****1631K) (Incorporated in Singapore under the Companies Act, Chapter 50) Registered office: 14 Woodlands Link, Singapore *****9 NOTICE OF EXPIRY OF WARRANTS TO: ALL HOLDERS OF WARRANTS TO SUBSCRIBE FOR NEW ORDINARY SHARES IN THE CAPITAL OF VIZ BRANZ LIMITED (THE “COMPANY”) THIS NOTICE800 words
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Advertisement56 2011-05-27 15 W. V.v R »V, ■>, v y. irUMI NEW YORK PARIS TOKYi I TUMI.COM M\l DARIN GALLERY 4-65 -6/*****'0 \FFLES CITY SHOPPING CENTRE +65 6542 6519 I IE SHOPPES AT MARINA BAY SANDS j-65 6222 1611 -LUXURY RESORTS WORLD IM SENTOSA +65 6723 8003 .•tfSETAN SCOTTS +65- 6733 1111 'A56 words
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INDIA
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Article, Illustration696 2011-05-27 16 Group says raw material costs will squeeze margins in H1 at European ops Bloomberg [MUMBAI] Tata Steel Ltd posted a better-than-expect-ed 72 per cent gain in fourth-quarter profit after selling a UK unit and forecast raw material costs will squeeze margins inBloomberg; AP - 696 words
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345 2011-05-27 16 Firm’s shares rise 4.1% as its net income jumps 10-fold to 24.6b rupees Bloomberg [NEW DELHI] Cairn India Ltd, the energy explorer that Vedanta Resources plc plans to acquire, gained the most in more than a month in Mumbai trading after reportingBloomberg - 345 words
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214 2011-05-27 16 Reuters [MUMBAI] Japan’s Honda Motor Co’s Indian bike unit will nearly double production capacity for motorbikes in India to four million units by the first half of 2013, including through the construction of a third factory, to meet the country’s rising demand. India isReuters - 214 words
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Advertisement1373 2011-05-27 16 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com. ARAB BANK GROUP (Incorporated In Amman, Jordan) CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31, 2010 AND 2009 CONSOLIDATED STATEMENT OF INCOME FORTHEYEAR ENDED DECEMBER 31, 2010 AND 2009 ASSETS 2010 2009 USD‘000 USD‘000 Cash and balances with central banks 12 1371,373 words
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Advertisement728 2011-05-27 16 J FIRST COMMERCIAL BANK CO., LTD (Incorporated with limited liability in Taipei, Taiwan, R.O.C.) BALANCE SHEETS as of December 31,2010 and 2009 NT$,000 Assets Cash and cash equivalents Due from the Central Bank and other banks Financial assets at fair value through profit or loss net Receivables net Bills discounted728 words
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Advertisement330 2011-05-27 17 ENOTECA CO.,LTD. For All Wine Lovers Be among theflr* 100 customer and get a edition gnt. I Great Singapore Sale Enoteca brings the finest wines from around the world to Japan, Hong Kong, Shanghai, and now to Singapore. Enjoy the world's best wines in Singapore from 27th May to 24th330 words
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WORLD
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Article, Illustration473 2011-05-27 18 Ballmer stuck in the past, weighing down stock, he says Reuters [NEW YORK] Influential hedge fund manager David Einhorn has called for Microsoft Corp chief executive Steve Ballmer to step down, saying the world’s largest software company’s leader is stuck in theReuters; THE STRAITS TIMES FILE PHOTO - 473 words
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290 2011-05-27 18 Dispute is being resolved, CEO assures investors at annual analysts’ meeting Reuters [SAN FRANCISCO] Yahoo Inc said that it has made significant progress in resolving a dispute over the online payments unit of Alibaba Group, a Chinese Internet search company whose founder took controlReuters - 290 words
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519 2011-05-27 18 Move will create Aussie media giant with revenues topping A$2.8b Reuters [SYDNEY] Australia’s biggest pay-TV firm, Foxtel, has made a US$2 billion takeover bid for rival Austar in a deal aimed at reviving subscriber growth and taking on growing competition from free-to-air televisionReuters - 519 words
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Article, Illustration514 2011-05-27 20 Major storms brew across 9 states, potentially adding to US$6.5b damage Bloomberg [BOSTON] A “major tornado outbreak” brewing across nine states in the central US is adding to insured losses that may already have reached US$6.5 billion this season, according to an industryBloomberg; AFP - 514 words
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254 2011-05-27 20 Reuters [BAULE, France] Transatlantic exchange operator NYSE Euronext expects to list more Chinese companies this year than in 2010, promising a fresh influx of steady fees, its head of international listings told Reuters on Wednesday. NYSE, which is awaiting approval for its US$10.2 billionReuters - 254 words
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Article, Illustration762 2011-05-27 22 It offers a simpler landscape where people compete and excellence, rewarded NYT [NEW YORK] He was a little bit country; she was a little bit country. Scotty McCreery, the 17-year-old from Garner, North Carolina, won, but the real competition wasn’t between him and fellow Southerner LaurenNYT; AP - 762 words
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426 2011-05-27 23 It takes offer directly to shareholders after TMX board’s rejection of its higher C$3.6 billion bid Reuters [LONDON] The London Stock Exchange faced an increasingly bitter battle for control of Canadian peer TMX Group and its own destiny after rival bidder MapleReuters - 426 words
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345 2011-05-27 23 Loan modifications denied without proper review: FT Reuters [NEW YORK] The Federal Reserve Bank of New York is investigating whether Goldman Sachs’ mortgage servicing arm did not conduct proper reviews before denying borrowers the option to lower their payments under a government loanReuters - 345 words
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Article, Illustration324 2011-05-27 23 Bloomberg [WASHINGTON] The US Securities and Exchange Commission will let corporate whistle-blowers collect as much as 30 per cent of penalties when they report financial wrongdoing, even when they bypass companies’ internal complaint systems. SEC commissioners voted 3-2 WednesdayBloomberg - 324 words
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541 2011-05-27 24 Unrevised Q1 GDP growth of 1.8% points to lacklustre Q2, say analysts LATEST US DATA Reuters [WASHINGTON] Unexpectedly weak consumer spending kept the US economy stuck in a slow growth gear in the first quarter and would likely struggle to regain speed amidReuters - 541 words
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676 2011-05-27 24 EU hopes to prevent default, but private sector may not bite Reuters [BRUSSELS] A proposed debt rollover is emerging as a key part of attempts to prevent Greece from defaulting on its bonds, but the European Union faces a challenge persuading private investors to cooperate.Reuters - 676 words
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195 2011-05-27 24 Reuters [SINGAPORE] China and other Asian investors are expected to buy a “strong proportion” of Portuguese bailout bonds when the eurozone’s rescue fund starts auctioning them next month, the Financial Times reported yesterday, citing senior fund officials. The report helped boost the euro inReuters - 195 words
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Article, Illustration469 2011-05-27 24 It’s considering incorporating the unit overseas: report Reuters [ZURICH] Swiss bank UBS is planning to separate its investment bank and incorporate it outside of Switzerland to placate regulators, The Wall Street Journal reported yesterday. UBS is considering incorporating its investment bank, which hadReuters; REUTERS - 469 words
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337 2011-05-27 24 AFP [BRUSSELS] The European Union and Japan look set to agree on the principle of negotiating a free trade deal linking the world’s third economy and the leading global market at a summit tomorrow, diplomats say. After months of tough talksAFP - 337 words
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Article, Illustration1175 2011-05-27 25 Group slides in corporate lending rankings, and is unlikely to regain dominance Bloomberg [NEW YORK] Richard Landgarten is one reason Citigroup Inc hasn’t regained its once-domi-nant position in the resurgent corporate lending market. The investment banker left the company in 2009, ultimatelyBloomberg; REUTERS - 1,175 words
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Advertisement1854 2011-05-27 18 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg 7t& w BNP PARIBAS WEALTH MANAGEMENT Financial Statements As At 31 December 2010 BALANCE SHEET 2009 ,730,861 19.148 250,665 ,461,048 ,953,780 40.149 3,000 1,808 156,004 92,921 4,024 33,866 33,931 ,050,344 LIABILITIES AND SHAREHOLDERS' EQUITY In thousands of euros, at 31 December 2010 20091,854 words
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Advertisement2172 2011-05-27 19 MATS BUY IT• SELL IT• FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg Clariden Leu Ltd. FINANCIAL REPORT 2010 Important: The following notice contains a summary of the financial statements of Clariden Leu Ltd. for the year ended 31 December 2010. The notes of the financial statements form an integral2,172 words
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Advertisement2420 2011-05-27 20 BEATS BUY IT SELL IT FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg VTB Capital plc 31 DECEMBER 2010 Head Office: 14 Cornhill, London, EC3V 3ND, UNITED KINGDOM Singapore Branch: 9 Battery Road #27-01, StraitsTrading Building, Singapore *****0 Consolidated statement of financial position at 31 December Note 2010 2009 US$ 0002,420 words
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Advertisement1936 2011-05-27 21 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com. The Hongkong and Shanghai Banking Corporation Limited Annual Results for 2010 Consolidated Income Statement for the Year Ended 31 December 2010 2010 2009 HK$m HK$m Restated1 Interest income 85,523 82,550 Interest expense (23,647) (24,118) Net interest income 61,876 58,432 Fee income 41,657 35,5831,936 words
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Advertisement139 2011-05-27 21 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF SOUTHERN AFRICA INVESTMENTS PTE LTD (In Members' Voluntary Liquidation) Reg No. *****6062E NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50, the Final Meeting of the139 words
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Advertisement1607 2011-05-27 22 MATS BUY IT• SELL IT• FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg In the Matter of The Companies Act, Cap.50 And In the Matter of (1) BRIGHT MOUNTAIN PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg. No. *****6413Z) (2) KNIGHTSBRIDGE INVESTMENT PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg.1,607 words
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Advertisement319 2011-05-27 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ENLOVE PTE. LTD. Company registration no. *****2850Z (In Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly passed by written means pursuant to Subsection (1) of Section 184G of the Companies Act, Cap.319 words
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Advertisement1687 2011-05-27 23 V, J BARCLAYS Head Office: 1 Churchill Place, London E14 5HP. Registered in England. Registered No: *****. Singapore Office: Level 28 One Raffles Quay South Tower Singapore *****3. Tel: 6308 3000 The following is an extract from the 2010 financial statements and Annual Reports of Barclays PLC and Barclays Bank1,687 words
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Advertisement1050 2011-05-27 24 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg Bank Hapoalim (Switzerland) Ltd Head Office: Stockerstrasse 33 CH-8027 Zurich, Switzerland Balance Sheet as of 31 December 2010 (before allocation of retained earnings) Reporting year Preceding year CHF in ,000 CHF in ,000 Assets Cash 33,499 30,785 Money market instruments 18,179 230,527 Due1,050 words
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Advertisement2260 2011-05-27 25 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg Consolidated Statement Of Financial Position (in Euro ‘000) 31/12/2010 31/12/2009 Assets Cash reserve 4,806,891 4,179,572 Loans and advances to banks 21,532,406 10,310,101 Loans and advances to customers 75,657,061 50,514,971 Impairment losses on loans and advances (4,755,872) (3,084,023) Trading assets 8,068,393 3,709,452 Derivatives 1,488,0362,260 words
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EDITORIAL & OPINION
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490 2011-05-27 26 EDITORIAL A COLLECTIVE landbanking scheme is about a group of investors holding on to small plots of land with the hope of later selling them en bloc to a developer at a much higher price. This sounds straightforward enough. After all, this is exactly what490 words
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Article, Illustration753 2011-05-27 26 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON IT may be time to move beyond pessimism. Ever since the financial crisis, Americans have wallowed in fear and anxiety. Understandably. Although a recovery as defined by academic economists started about two years ago, it hasn’t felt like753 words
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Article, Illustration1222 2011-05-27 26 HUGO DIXON - Beijing must ride roughshod over vested interests, loosen grip on economy, society, politics By HUGO DIXON REUTERS BREAKINGVIEWS THEChinesegovernmentknows it’s time for a change. The old economic model based on cheap exports and eye-popping investment can’t be sustained. Fortunately, politicians aren’t sitting on their hands.REUTERS - 1,222 words
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Article, Illustration1592 2011-05-27 27 PARAG KHANNA - After more than 50 years of running Singapore, its octogenarian leader is stepping aside. Can the island nation stay prosperous and peaceful as democratic storms begin to blow? By PARAG KHANNA IT is impossible to write a political obituary of someone who not only hasn’t yet passed away,FILE PHOTO - 1,592 words
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Article, Illustration793 2011-05-27 27 LEON HADAR - LEON HADAR Washington Correspondent PRESIDENT Barack Obama and his aides have been going out of their way to praise former US ambassador to China Jon Huntsman for the great job he did representing the current Democratic administration in Beijing for two years,793 words
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AVIATION/SHIPPING
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397 2011-05-27 28 AirAsia chief says he will boost AirAsia X’s Airbus fleet to 500 jets AFP [KUALA LUMPUR] AirAsia chief Tony Fernandes yesterday brushed aside Singapore Airlines’ (SIA) plans for a long-haul budget airline that will challenge his AirAsia X, saying “piracy continues to followAFP - 397 words
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252 2011-05-27 28 Bloomberg [SEATTLE] A Boeing Co supplier said on Wednesday that it was “surprised” by a report that the planemaker plans to take over production of the 787 Dreamliner’s tail section for future models, and that it would have to agree toBloomberg - 252 words
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Article, Illustration231 2011-05-27 28 Bloomberg [FRANKFURT] European flights operated as normal after a volcanic ash cloud that drifted over the region this week from Iceland dispersed. Airports in the Nordic countries and Germany, some of which had been shut for several hours yesterday, were open and flying regular schedules,Bloomberg; REUTERS - 231 words
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504 2011-05-27 28 Company aims to double oil gas production by 2020 Reuters [LILLESTROEM, Norway] Brazil’s Petrobras must triple the number of deepwater drilling rigs and ships it uses in order to double its oil and gas production by 2020, its top executive said onReuters - 504 words
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Article3341 2011-05-27 28 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 LO40313,341 words
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Advertisement318 2011-05-27 28 SEA CONSORTIUM PTE LTD NOTICE TO TRADE SOC SHIPMENTS (LADEN) FROM SINGAPORE PORT KLANG TO INDIAN SUBCONTINENT PEAK SEASON SURCHARGE In order to maintain the level of service demanded by the trade during the peak season, the following Peak Season Surcharges (PSS) will apply for all SOC shipments (laden) from318 words
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SINGAPORE STOCKS
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Article8290 2011-05-27 29 Transaction date: May 26 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 16 +0.5 130 16 16 15.5 16.5 7.8 3.8 3.4 76.6 12 4.5 A-Sonic 7.5 unch 15038,290 words
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Article1578 2011-05-27 30 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 161 152 161 95.5 1.5 0.5 t Advanced System 0.51,578 words
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Article9833 2011-05-27 30 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.36/ APS Alpha Fund (USD)!** 1.09/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.73/ Aberdeen Asset Mgt Asia Limited American Opp 0.6581/ Asian Credit Fund9,833 words
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Article248 2011-05-27 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A49 unch 5 49 48 49 51 3.6 7.1 3.9 127.6 55 16 Genting HK US$ US41 +0.5 6392 41.5 40.5 41 41.5 2699.7248 words
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Article840 2011-05-27 30 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 113 113 515.8 1077 761 CIMBAsean40 100US$ US1035 +8 0 1035 1035 1029 1045 41.4 350 274 DBS STI ETF840 words
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FINANCE & COMMODITIES
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374 2011-05-27 31 In local curr In S$ In US$ dy yr dy yr dy yr May 25 Index Change Change Change Change Change Change World Index Preliminary 912.1 0.3 1.6 0.5 0.5 0.4 3.2 EAFE Preliminary 783.3 0.1 -2.2 0.4 -1.7 0.2 0.9 Europe Preliminary 1173.5 0.4374 words
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Article180 2011-05-27 31 May 26 $S Offer Bid 0vernight 0.03 0.02 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.02 US$ Offer Bid 7 days 0.23 0.13 1 month 0.28 0.18 2 months 0.33 0.23 3 months 0.38 0.28 6 months 0.48 0.38 9 months 0.70 0.50 12180 words
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Article22 2011-05-27 31 May 26 S$ Bid Offer 1-month 1.2429 1.2439 2-months 1.2429 1.2439 3-months 1.2429 1.2439 6-months 1.2427 1.2437 Source: OCBC22 words
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Article121 2011-05-27 31 May 26 As at 9am Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.354 1.278 Can dollar 1.296 1.247 Euro 1.787 1.719 Sterling pound 2.066 1.987 NZ dollar 1.021 0.973 US dollar 1.262 1.214 Local dollars to 100 units of foreign121 words
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Article27 2011-05-27 31 May 26 Open High Sett STI May 3124 SIMSCI May 362.7 364.5 364.0 Taiwan May 308.1 312.2 311.5 Source: MF Global (S) Pte Ltd27 words
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Article66 2011-05-27 31 May 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 11 3535 3575 3535 3505 1246 5097 Jul 11 3480 3463 3491 3453 3101 ***** Aug 11 3423 3416 3447 3405 ***** ***** Sep 11 3418 339766 words
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Article472 2011-05-27 31 May 26 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Jun11 99.7300 0 1789 Sep11 99.6450 0 5755 Dec11 99.5700 0 3123 Mar12 99.4650 0 1677 EUROYEN TIBOR FUTURES Jun11 99.6725 0 6003 Sep11 99.6700 0 1466 Dec11 99.6725 0 1957 Mar12 99.6600 0 3877 Jun12 99.6700472 words
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Article176 2011-05-27 31 May 26 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Jun 11 514.0 512.0 512.0 15 239 Jul 11 512.0 512.0 512.0 10 102 Aug 11 508.0 507.0 507.0 20 66 Sep 11 506.0 506.0 506.0 10 351 Oct176 words
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Article77 2011-05-27 31 May 26 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 25.08.2011 0.33 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 102.17 5-Year N*****0W 1.125 01.04.2016 100.13 100.28 100.28 10-Year NY*****N77 words
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Article107 2011-05-27 31 May 25 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 11 1377.00 1372.25 1387.00 1372.50 Aug 11 1373.00 1368.00 1382.25 1368.25 Sep 11 1367.00 1360.50 1373.75 1363.00 Nov 11 1361.00 1354.25 1367.00 1354.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 11 57.96107 words
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Article77 2011-05-27 31 CRUDE OIL PRODUCTS May 25 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 114.35 1.88 WTI (Near Mth) 101.37 1.76 Dubai (1-Mth F) 107.18 1.27 Tapis blend 118.81 1.39 Minas 116.21 1.39 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.22 -0.22 Jet Kerosene 123.65 -0.25 US$/barrel Opec Oil77 words
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2747 2011-05-27 31 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 25 1 150 9 6.44 36 ASJ Hldgs W*****1 1 1 4 11 4.50 9 AlliedTech W*****2 2 1 4 30 Asia Water Tech Ltd W*****8 3.5 0.52,747 words
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Article464 2011-05-27 31 May 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.035 6.880 0.748 8.249 47.998 90.913 0.868 11.536 3.223 1.312 90.966 46.029 1.318 7.385 0.923 30.671 32.194 0.651 1.060 Canada 0.966 6.645464 words
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Article85 2011-05-27 31 May 26 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article139 2011-05-27 31 May 26 GOLD (US$/oz) May 25 May 26 Hong Kong 1527.00 1528.20 May 24 May 25 London 1525.06 1528.36 1525.86 1529.13 Source: Thomson Reuters CAST BAR May 26 (S$) Selling Buying Kilobar 65,523.59 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 147 61 5gm 417 306 10gm 744139 words
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Article71 2011-05-27 31 May 25 May 25 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2527.75 2493.25 3 months 2540.00 2504.00 Copper, Grade A (US$/tonne) Cash 9059.00 8849.00 3 months 9065.00 8861.00 Lead (US$/tonne) Cash 2535.50 2501.50 3 months 2522.00 2488.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article82 2011-05-27 31 May 25 COCOA (£/tonne) Close Prev High/Low Jul 11 1841 1791 1855/1783 Sep 11 1867 1819 1880/1810 Dec 11 1892 1847 1901/1837 Mar 12 1918 1873 1921/1864 COFFEE (US$/tonne) Close Pev High/Low May 11 2571 2540 2583/2538 Jul 11 2590 2558 2600/2544 Sep 11 2626 2595 2635/2582 Nov 1182 words
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Article154 2011-05-27 31 May 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3167 1.3190 1.0594 1.0604 Canadian dollar 1.2722 1.2737 1.0235 1.0240 Euro 1.7621 1.7639 1.4177 1.4180 NZ dollar 1.0036 1.0052 0.8075 0.8081 Sterling pound 2.0247 2.0267 1.6290 1.6293154 words
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5551 2011-05-27 32 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 Destination5,551 words
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Advertisement15 2011-05-27 32 Experienced sh/p maintenance services wanted. Can they find your services here in the Shipping Times?15 words
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Advertisement11 2011-05-27 32 To All Shipping Advertisers: Please call Joe Wong at 9620 132711 words
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Advertisement53 2011-05-27 33 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, Illustration2600 2011-05-27 34 GEOFFREY EU - The Hong Kong International Art fair, ArtHK, has joined hands with the world’s premier art fair Art Basel to become the leading global art fair in Asia. GEOFFREY EU reports from Hong Kong GEOFFREY EU WHEN organisers of this week’s Hong Kong International ArtPHOTO OF VISITORS: GEOFFREY EU - 2,600 words
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CINEMA
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Article, Illustration523 2011-05-27 35 TAN TECK HENG - By TAN TECK HENG LIKE the chilling refrain of your garden variety ghost story They’re Back. But rather than overstay their welcome with yet another instalment of the cult hit Saw franchise, James Wan and Leigh Whannell venture into conventional haunted house territory with the quirkily satisfying Insidious.FILMDISTRICT AND ALLIANCE FILMS - 523 words
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Article, Illustration417 2011-05-27 35 TAN TECK HENG - By TAN TECK HENG “DYLAN who?” could be a typical reaction to Dylan Dog: Dead of Night, the latest comic book superhero film adaptation to jump on the summer blockbuster wagon. Unlike Thor, Green Lantern and X-Men: First Class, Dylan Dog (Brandon Routh)417 words
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Article, Illustration452 2011-05-27 35 CHRISTOPHER LIM - BLU-RAY REVIEW By CHRISTOPHER LIM GONGFU movies based on Shaolin monks are about as overdone as remakes of China’s Four Great Classical Novels, so Andy Lau’s latest starring role in Shaolin as a warlord-turned-monk might understandably make some wary. Fortunately, it’s worth452 words
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Article, Illustration578 2011-05-27 35 GEOFFREY EU - London Boulevard delves into the curse of modern-day celebrity, reviews GEOFFREY EU reviews GEOFFREY EU EVER since Guy Ritchie set the tone in 1998 with Lock, Stock and Two Smoking Barrels, British crime dramas can usually be relied upon to feature a script with multiple twists and578 words
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Article, Illustration576 2011-05-27 35 DYLAN TAN - By DYLAN TAN THE makers of Kung Fu Panda 2, the follow-up to the 2008 animated hit featuring a roly-poly fighting bear, must have been watching plenty of old “wu xia” (sword-fighting) films. With a heavy emphasis on all things chopsocky, it’s more of an ode576 words
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PURSUITS
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Article, Illustration932 2011-05-27 36 ALESSANDRA STANLEY - There were no goodie bags, no gift cars or mega-celebrities but the messianic Oprah Winfrey still held a captive audience with a restrained “Thank you”, writes ALESSANDRA STANLEY writes ALESSANDRA STANLEY NYT THE surprise was that at long last there weren’t any more surprises. Oprah WinfreyNYT; PHOTOS: AP, REUTERS - 932 words
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Article, Illustration771 2011-05-27 36 CHRISTOPHER LIM - GAMING REVIEW By CHRISTOPHER LIM GAME graphics haven’t traditionally been central to video game storytelling. Of course, you needed basic visual cues telling you who to shoot or where to fly, but any gloss was aesthetic rather than functional. That’s completely changed with L A Noire. The detective771 words
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Article, Illustration707 2011-05-27 36 LESTER HIO - CD REVIEWS By LESTER HIO SOLO female artistes get a bad rap on MTV– working on the adage that sex sells, pop starlets are known less for their musical talents than for their sex appeal. But take them outside of mainstream TV and put them on solid707 words
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ARTS
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Article, Illustration711 2011-05-27 37 CLARISSA TAN - Chinese sculptor Ren Zhe’s superhero figures cut a swathe with confidence, strength and the noble spirit, reports CLARISSA TAN reports CLARISSA TAN THEhyper-masculineworks of Ren Zhe sculptures of bulky, spirited fighting men with titles such as Tremendous Vigour, Ostentatious Blade and Push Deep Into Battle appear almostPHOTOS: RENZHE - 711 words
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Article, Illustration615 2011-05-27 37 CHEAH UI-HOON - By CHEAH UI-HOON THERE must have been those who read Singapore’s best-known musician Dick Lee’s autobiography last year and thought hey, this should come with a soundtrack at least. A musician recounting his life story without the music? If so, their wish came true thisFANTASTIC ENTERTAINMENT - 615 words
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Article, Illustration766 2011-05-27 37 MADHVI SUBRAHMANIAN - By MADHVI SUBRAHMANIAN SINCE the post-modernist era, sculptural art has evolved to include a variety of materials, techniques and technologies to make work that intervenes with space in numerous ways. “The definition of sculpture is no longer restricted to a three dimensional work of art766 words
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Article, Illustration517 2011-05-27 37 NATALIE KOH - By NATALIE KOH PLAYING the piano and string instruments have long been highly regarded bySingaporeans–somuchsothatparents don’t mind spending hundreds of dollars a month on lessons for their children.But the same can’t be said for brass instruments, for which the furthest that parents are willing to go517 words
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ARTS FEST
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Article, Illustration643 2011-05-27 38 NATALIE KOH - Actors go beyond the stage and ‘speed-date’ audience members one-on-one in Internal, reports NATALIE KOH reports NATALIE KOH FIRST impressions. How long does it take for you to decide if a stranger standing before you is to your liking? Three seconds? Five? Maybe ten? And duringAARON DE KEYZER - 643 words
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Article, Illustration484 2011-05-27 38 REBECCA LIU - By REBECCA LIU HIS work has been termed dark and doomsday-like, fixated with contentious issues like colonialism and terrorism. In Tempest: Without A Body a response to political chaos in the world one can see shades of the Shakespearan play with its message of484 words
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Article, Illustration474 2011-05-27 38 TAN TECK HENG - By TAN TECK HENG FOR its latest performance, the Singapore Chinese Orchestra (SCO) has dug deeply into Chinese history emerging with original compositions that incorporate ancient Nanyin Hokkien music. Characterised by its light and elegant sound, China’s oldest form of music is captured in474 words
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358 2011-05-27 38 REBECCA LIU - By REBECCA LIU IT is said that one can learn more from a short trip overseas than years spent in one’s home country. It’s especially so for a younger generation yearning for new experiences away from familiar boundaries. And so it is that such358 words
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WINE/ARTS
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Article, Illustration784 2011-05-27 39 NEIL SANDS - From hardscrabble pastoral land to boomtown wine country and now to the doldrums of a glut, Marlborough has lessons in ‘bulk wines’ for Kiwi winegrowers, reports NEIL SANDS reports NEIL SANDS AFP STRIDING across her vineyard in New land’spicturesqueMarlborough region, winemaker JaneAFP; PHOTOS: AFP - 784 words
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Article, Illustration1167 2011-05-27 39 N K YONG - By N K YONG IT IS that time of the year again Bordeaux en primeur. The wine press has been and still is full of reports of the 2010 Bordeaux vintage and of the recently concluded en primeur tastings. The en primeur campaign has been on1,167 words
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AROUNDTOWN
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Article, Illustration164 2011-05-27 39 CULTURAL Medallion recipient Tay Chee Toh’sfirstforayintokinetic sculpture was in 1987, when he was commissioned to create a work for the Orchard MRT station. He continues with this theme of sculpture with moving parts in his next solo exhibition Art in Motion: Hanging Mobiles.164 words
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Article, Illustration176 2011-05-27 39 South-east Asia is a region celebrated for its ethnic diversity and indigenous cultures. Indigenous Eyes seeks to acknowledge precisely this, treating art appreciators in Singapore to highlights from the Mark Gordon Collection of Southeast Asian Indigenous Art. An anthropologist and international marketing consultant, Mr Gordon176 words
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Article161 2011-05-27 39 Presenting Chopin for Japan is a benefit concert sponsored by prominent digital imaging and printing solutions brand Epson in collaboration with the Singapore subsidiaries of Yamaha and Isetan, to support relief efforts aiding Japan in the wake of these natural disasters. The concert will feature notable161 words
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Article, Illustration178 2011-05-27 39 ENYA LIM - Compiled by ENYA LIM Melody of Village is one of Chinese temporaryartistChenShuzhong’sfirstsolo exhibitions in Singapore. Hailing from Liaoning province and a graduate of Luxun Academy of Fine Arts in Shenyang, the current dean, mentor, and professor at the prestigious Sichuan Oil Academy’s oil painting department178 words
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Advertisement8 2011-05-27 34 PURSUITS Talkshow queen Oprah’s final bow PAGE 368 words
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Advertisement55 2011-05-27 36 Feast on lok lok*, prepared by Mr Frank Cintamani, CEO Fide Multimedia Feel good because all proceeds go to charity When:Tonight (8-10pm) Where: Food Republic Beer Garden* at St James Power Station the new paper *Steamboat with skewered food **Open Sun to Thu 6pm to 5am, Fri, Sat and eve55 words
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Page 37 Advertisements
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Advertisement60 2011-05-27 37 Making world leaders face the music. Just another days work for Jeremy Monteiro. St^OJ/O/ 7<e C/// iT^o/i You OYa/yia Jeremy Monteiro has lit up some of the biggest names with his music. Now he and his esteemed colleagues at Showtime Productions will do likewise for your corporate event. www.showtime-i.com V.+6560 words
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Page 39 Miscellaneous
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Miscellaneous296 2011-05-27 39 CRYPTIC CROSSWORD Across 1 Brush off Arctic bear (4-8) 9 Coat one lost it’s found on the sea (4) 10 One believing in conversion of rich saint (9) 12 Old Testament priest has converted prophet (6) 13 Discountenanced, anon? (8) 15 To do with a couple of intellectuals being undecided296 words
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Page 40 Advertisements
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Advertisement98 2011-05-27 40 ■m WSmffrM. >.• 3SBlS pasams m* )WMM &5E 1 «> 9 as? rs y-.« l a i V y m\ AN H J W;> 1 m, ft I I 1.. If* <3 N A<JTO y s 300M *s v 0S 3=SVV/SS Dt AA U1X/| SS v w y O X98 words
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