The Business Times, 8 July 2011

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Microfilm: NL31562
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|5l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Friday, July 8,2011
    23 words
  • Article
    Lock icon Temasek sits on cash, looks for new pickings
    816 1  -  It says it has become more conservative for now, but is ready to seize opportunities By CONRAD TAN [SINGAPORE] Temasek Holdings is building up its war chest of cash as it looks to boost its investments in Asia and other fast-grow-ing regions
    816 words
  • Article
    Lock icon MARKETS DIGEST
    144 1 GST INDEX 3,125.87 (+11.16) G ST INDEX FUTURES 3,125 (+11) G SIMSCI 362.48 (+1.89) G SIMSCI FUTURES 362.50 (+2.10) FOREX US$ S$ US$ (S$ per US$) 1.227 (US$/S$ per 1.601 1.964 EURO (US$/S$/E) 1.430 1.754 Foreign currency per US$ S$ YEN 81.00 66.00 RM 3.010 2.454 HK$ 7.784
    144 words
  • Article
    Lock icon Pound left trailing in currency rate race
    500 1  -  It falls further against Sing dollar, may stay below S$2 come end-December By EMILYN YAP [SINGAPORE] The Queen is unlikely to be amused. The British pound hit a new year-low against the Singapore dollar yesterday, and several market watchers do not see it
    500 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon ECB suspends rules on Portuguese collateral
      513 2 Reuters Bloomberg AFP [FRANKFURT] A day after Moody’s Investors Service downgraded Portuguese bonds to junk status, the European Central Bank has waived its rules on minimum credit ratings for accepting Portuguese debt as security for its loans to banks. “We have decided to suspend
      Reuters; Bloomberg; AFP; BLOOMBERG  -  513 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      446 2 Temasek sits on cash, looks for new pickings TEMASEK Holdings is building up its war chest as it looks to boost its investments in Asia and other fast-growing regions such as Latin America. It ended the financial year to March 31, 2011 with more cash than debt, “in
      446 words
    • Article, Illustration
      Lock icon SIA should train its cub, pick its battles
      904 2  -  Saving Tiger Australia may simply be a case of ‘kicking the can’ down the road COMMENTARY VEN SREENIVASAN Senior Correspondent HASTonyDavisbeen demoted or simply redesignated temporarily? The discussion raged among industry insiders yesterday, following the unexpected announcement by Tiger Airways that its
      904 words
    • Article, Illustration
      Lock icon Two out of ‘3 Tans’ submit their eligibility applications
      582 2  -  By LEE U-WEN [SINGAPORE] Two of the three presidential hopefuls have filed their applications for a certificate of eligibility which they need in order to contest the upcoming polls. First to arrive at the Elections Department on Prinsep Street at 11.15am
      PHOTOS BY LAU FOOK KONG/THE STRAITS TIMES  -  582 words
    • Article, Illustration
      Lock icon Ho Ching not stepping down as Temasek CEO
      717 4  -  Temasek’s overall wage bill may be affected due to increased headcount Reports by SIOW LI SEN [SINGAPORE] It’s official. Ho Ching is not stepping down as chief executive from Temasek, a senior official from the investment holding firm said yesterday. “Ho Ching
      FILE PHOTO  -  717 words
    • Article
      Lock icon Temasek investments in China continue
      541 4 It says it has faith in Chinese govt’s policies in long term TEMASEK Holdings continues to invest in China, its largest investment destination outside Singapore, despite indications that it has reduced its exposure to that country. Out of 13 investments totalling $13 billion it made
      541 words
    • Article, Illustration
      Lock icon Can Malaysia win its impossible game?
      1285 4 Reuters [PUTRAJAYA, Malaysia] Mahathir Mohamad sits at a vast desk cluttered with work, hands clasped before him and looking at his visitors with a slight smile. Dr M, as he is popularly known, was prime minister of Malaysia from 1981 to 2003, the first
      Reuters; REUTERS  -  1,285 words
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      19 2 You are cordially invited to experience the Super High-end loudspeaker systems by Focal JMLabs, France, exclusively at ONG RADIO.
      19 words
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      47 words
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      95 3 nnect with well connected bank. ANZ is in 28 markets across Asia Pacific and we're growing. That means we've now got more financial specialists who share your regional interests and who take the time to fully understand your needs. They have the experience and the network to put you in
      95 words
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      192 4 GENESIS BBQ (SINGAPORE) PTE LTD A/ith the vision to become the largest and greatest franchise group, Genesis BBQ (No. 1 Chicken Restaurant in Korea) 'continuously brings you the inimitable taste by advancing into different countries around the world. I We are always on a look-out for like-minded people to share
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      1256 5 w July mili r i C r > T IQi; S UJ3( ft II !s S«p n ij v s* it in an i ir rrf •Jf **1j E -^1 m f I r* rr" i J -T iiTTffl T3 r ■^'T t 1 rrrit. •i ft fTTTlT T r
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SGX proposes circuit breakers for securities market in H2
      570 6  -  STI, SiMSCI stocks, related ETFs and extended settlement contracts affected By JAMIE LEE THE Singapore Exchange (SGX) has proposed to introduce circuit breakers in the securities market in the second half of this year. The circuit breakers, which act in situations
      ST FILE PHOTO  -  570 words
    • Article
      Lock icon OCBC prices A$500m of 3-year notes
      287 6  -  Interest is three-month Bank Bill Swap rate plus 0.83 points By MICHELLE TAN OCBC Bank has priced A$500 million (S$658.8 million) of three-year senior unsecured notes. Soon Tit Koon, chief financial officer of OCBC Bank, said yesterday: “We are currently seeing good investor demand
      287 words
    • Article, Illustration
      Lock icon Tan Chong, Fuji to assemble Subaru vehicles in M’sia
      323 6  -  By TAM YU LING TAN Chong Group a motor, property and distribution company has signed a memorandum of understanding (MOU) with Fuji Heavy Industries for the assembly of Subaru vehicles in Malaysia. “The agreement leverages Tan Chong’s existing assembly facilities for
      323 words
    • Article
      Lock icon ST Marine makes play for OSV market
      566 9  -  With oil industry demand rising, it’s chasing jobs, seeking more yard space By JOYCE HOOI ST Marine is joining its more high-profile yard brethren in the black gold rush, in pursuit of contracts to build offshore support vessels (OSVs). As the business division
      566 words
    • Article
      Lock icon Ascendas Group eyes yuan Reit listing in HK
      126 9 Reuters [HONG KONG] Property developer Ascendas Group plans to raise US$300-400 million by listing its three Shanghai commercial properties in Hong Kong via a yuan-denominated real estate investment trust (Reit), IFR reported. The deal would be the second yuan-denominated initial public offering
      Reuters  -  126 words
    • Article, Illustration
      Lock icon SIA joins the world’s most admired firms
      424 9  -  It’s the only Asian company to do so; taking 18th spot By NISHA RAMCHANDANI SINGAPORE Airlines (SIA) is among the top 20 most admired companies in the world, according to Fortune magazine’s 2011 edition of the survey. The airline rose through the ranks
      PHOTO: REUTERS  -  424 words
    • Article, Illustration
      Lock icon Balancing demands, interests of all
      1459 10  -  Position of minority shareholders needs to be viewed in context of the listing framework COMMENTARY By ANNABELLE YIP JOY TAN Annabelle Yip and Joy Tan are joint heads, corporate governance and compliance practice, WongPartnership LLP RECENT news about the delistings of General Magnetics Ltd and
      AP  -  1,459 words
    • Article
      Lock icon Dymon hedge fund boosts assets to US$1b
      820 10 Bloomberg [SINGAPORE] Dymon Asia Capital, which started a hedge fund in 2008 with capital from Tudor Investment Corp, has doubled its assets under management since March to more than US$1 billion after its Asian macro fund outperformed peers. The Dymon Asia Macro Fund,
      Bloomberg  -  820 words
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      2853 6 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg THE THINK ENVIRONMENTAL CO LTD (the “Company”) (incorporated in Bermuda) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of THE THINK ENVIRONMENTAL CO LTD (“Company”) will be held at Mandarin Orchard Singapore, 333 Orchard Road, Grange Ballroom,
      2,853 words
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      19 6 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings BSATS NOTICES
      19 words
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      661 7 THE much anticipated preview of upscale project Thomson Grand in Upper Thomson has finally arrived and the market is buzzing impatiently with excitement over the launch of one of the year's most luxurious projects. The exclusive weekend preview of Thomson Grand will be reserved only for VIP guests and comes
      661 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Another quiet session for stocks
      602 8  -  STI manages 11-point bounce as program traders, hedge funds and proprietary desks dominate STOCKS R SIVANITHY Senior Correspondent THE local stock market yesterday remained locked in a state best described as “miserable”, with the Straits Times Index (STI) hostage to program trades and hedge funds
      Source: Bloomberg  -  602 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 8 Jul 7 VALUE CLOSE BT OB/OS 416.00 -11.00 BT CADI -*****.00 -32.00 BT 10-day MA -*****.00 +42.00 FTSE ST Mid Cap 750.63 +1.27 FTSE ST Small Cap 518.00 -0.70 FTSE ST All Share 764.13 +2.27 FTSE ST China Top 253.35 +0.05 FTSE ST China 289.92 +0.37 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 8 VOLUME NexGenSCom 98,889,000 Tuan Sing 59,956,000 Golden Agri 51,577,000 PSL Hldgs 48,751,000 Genting SP 44,622,000 TigerAir 36,823,000 Gallant 35,137,000 Albedo 30,000,000 NOL 22,364,000 Otto Marine 21,213,000 VALUE($) DBS Grp 98,304,130 Genting SP 84,483,975 SingTel 64,262,058 SembMar 56,736,650 Keppel Corp 52,522,668 CapitaLand 50,822,230 UOB 39,682,070 TigerAir 37,730,345 Golden
      56 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 7 3 0 0 0 7 7 3 Manufacturing 48 70 41 5 4 7 53 74 48 Commerce 15 18 21 4 3 3 19 21 24 Tpt/Stor/Comms 12 18 12
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Hyflux
        720 8  -  Compiled by JAMIE LEE July 7 close: $2.07 CIMB Research, July 7 PRIME Minister Lee Hsien Loong, who delivered the inaugural Water Conversation earlier in the week, spoke about self-sufficiency as a strategic priority of the nation. Currently, NEWater meets 30 per cent of Singapore’s water needs. With ramped-up
        Source: Bloomberg  -  720 words
      • Article
        Lock icon Glossary:
        135 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
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 110,521 110,521 132,907 132,907 Manufacturing 196,117 47,395 243,512 188,995 1,122 190,116 Commerce 149,499 34,331 183,830 86,708 1,915 88,622 Tpt/Stor/Comms 133,525 7,514 141,039 212,704 544 213,248 Finance 18,836 18,836 172,779 172,779 Construction 89,257 22,947 112,204 33,429
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 8 Stock name Close Change CapMallsAsia 1.480 +0.005 CapitaLand 2.950 +0.050 CapitaMall 1.920 +0.025 CityDev 10.830 +0.130 ComfortDelGro 1.450 +0.020 DBS Grp 14.890 +0.250 F&N 5.890 +0.040 GLP 2.110 +0.030 Genting SP 1.885 -0.010 Golden Agri 0.680 HK Land 7.000 +0.040 JMH 55.140 -0.660 JSH 31.480 -0.160
      111 words
    • Article, Illustration
      Lock icon Asian units advance on rates outlook
      454 8 CURRENCIES Bloomberg [BANGKOK] Asian currencies gained yesterday, led by the Thai baht, on speculation the world’s fastest economic growth and rising interest rates will attract more funds to the region. Malaysia’s central bank was to boost borrowing costs yesterday and the Bank of Thailand
      Bloomberg; AP  -  454 words
    • Article
      Lock icon RISES
      108 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 196.2 1.2 GLD 10US$ ***** 107.9 0.6 Jardine C&C 4435 93.0 2.1 DBS.ES.1107 1485 57.0 4.0 Lyxor US DJIA 10 US$ 1284 53.9 3.5 DBXT MSAsExJp 10US$ 3481 52.7 1.3 DBXT CSI300 10US$ 1052 45.4 3.6 SGX.ES.1107 766 41.0 5.7 DBS
      108 words
    • Article
      Lock icon FALLS
      115 8 BY CENTS CLOSE DOWN JMH 5514 -80.9 -1.2 DBXT FTChina25 10US$ 3145 -31.9 -0.8 DBXT MSCHINA 10US$ 1272 -19.6 -1.2 JSH 3148 -19.6 -0.5 Lyxor LatinAmerica 1 900 -18.4 -1.6 UOB.ES.1107 1965 -15.0 -0.8 OmegaNav 64 -11.0 -14.7 Hyflux 6% CPS 10 ***** -10.0 -0.1 NOL.ES.1107 147.5 -7.5 -4.8
      115 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      20 9 Ww\% Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings MATS NOTICES
      20 words
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      Lock icon Page 9 Advertisements Column 2
      151 9 "My 3 steps to a healthy, charming sm e ■A Step 1 Tooth Brushing Cleans effectively, yet is gentle on my gums It A m Step 2 Interdental Cleaning Removes up to 95% of plaque between teeth gums* i Step 3 Mouth Washing Helps to prevent gum disease gives me
      151 words
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      35 10 3 Heritage Shophouses Iconic D8 Investment Sale, Bank Value $4.9m With Rental Income $18,800/mth How to run a business without running out of ideas SMEJuly/Augoutnow! )5,6;,!*330,9#/9!:.*!! )(*23:."6:;<$**+/2-7 )5,6;,-9;0,9#3,!!*! )42-73*0,9#<,1*,$$:-*&!;*-<.,3,"06,*! )’#*%2#:."$,#21*+:2:.;*#8:*6 AvailableatCaltex,Esso,ShellandSPCpetrolstations, 7ElevenandCheersstoresandleadingbookstores Tosubscribe($30forsixissuesdeliveredtoyourofficeorhome),pleasecall6388-3838. GetacomplimentarycopyifyouareaTNTclient,whilestockslast! Producedby
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      70 10 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices AF3 NOTICES 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. abia
      70 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Day of contrasts for EC market
      997 12  -  Cautious bidding for Punggol EC site; CDL’s Segar Rd EC chalks up brisk sales PROPERTY By KALPANA RASHIWALA IT was a day of contrasts in the executive condominium (EC) market yesterday. Even as caution reigned at a state tender for a Punggol EC site
      997 words
    • Article
      Lock icon Frasers in JV with Sekisui to develop Sydney’s Central Park
      456 12  -  By CARINE LEE FRASERS Centrepoint, the property division of Fraser and Neave (F&N), has entered into a 50:50 joint venture with Sekisui House Australia Holdings Pty Ltd to develop Sydney’s A$2 billion (S$2.6 billion) Central Park project. In a venture
      456 words
    • Article
      Lock icon Steinway & Sons plans more boutiques across Asia
      381 12  - Steinway Sons plans more boutiques across Asia By NISHA RAMCHANDANI PIANO-MAKER Steinway Sons has plans to launch more Steinway boutiques across Asia, building on the success of the gallery it recently opened here in Singapore. “If (there’s anywhere) we can expect growth, it is Asia and the Pacific Rim,” said
      381 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon IME inks agreement with Taiwan lab
        71 12 THE Institute of Microelectronics (IME), an institute of the Agency for Science, Technology and Research (A*STAR), has signed an agreement with Taiwan’s Touch Micro-System Technology (tMt) to harvest 8-inch focus integrated efforts from lab-to-fab transition spanning the micro-electro-mechanical systems (MEMS) supply chain. The collaboration
        71 words
      • Article
        Lock icon EDB, Dick Lee to hold public concert in Aug
        92 12 The Economic Development Board (EDB), together with local show producer Dick Lee, will present the public concert SingaPop! 50 years of pop music in Singapore on August 20 at the Promontory Marina Bay. The concert held in conjunction with EDB’s 50th
        92 words
    • Article
      Lock icon Foreigners snap up 17.6% of Q2 property investment deals
      348 12 FOREIGNERS accounted for 17.6 per cent of all property investment deals in Q2 2011, up from 10.5 per cent in the first quarter of the year, according to a new report from DTZ Research. Overall, about $8.3 billion of investment sales
      348 words
    • Article
      Lock icon Global business outlook dips
      475 12  -  Two different reports come up with similar findings By KELLY TAY THEY may have surveyed different companies and are published by different research houses, but two separate reports released on Wednesday shared similar findings: a dipping global business outlook. Both the 2011 Grant Thornton International Business
      475 words
    • Article
      Lock icon Great Eastern launches LifeSecure
      252 12 LIFESECURE, a disability coverage with a monthly payout scheme for children and non-working individuals, was launched by Great Eastern yesterday, the first such scheme in Singapore’s insurance industry. Khoo Kah Siang, general manager (Singapore) at Great Eastern, said: “Great Eastern is pleased to be the first
      252 words
    • Article, Illustration
      Lock icon Motivate blue-collar workers for higher productivity
      234 12  -  By KELLY TAY ON the second and final day of the inaugural Human Capital Singapore (HCS) Conference, companies were urged to consider the needs of blue-collar workers when ramping up efforts to heighten productivity. This is in contrast with Wednesday’s discussions, which largely centred
      234 words
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  • ECONOMY WATCH
    • Article
      Lock icon US Treasury in covert bid to prevent default
      698 13 Team explores options in case Congress fails to raise borrowing limit by Aug 2 deadline Reuters [WASHINGTON] A small team of US Treasury officials is discussing options to stave off default if Congress fails to raise the country’s borrowing limit by an
      Reuters  -  698 words
    • Article
      Lock icon Moody’s: EU nations rated separately
      412 13 Ireland may not get junk rating like Portugal and Greece Bloomberg [DUBLIN] Moody’s Investors Service said it differentiates “significantly” between European periphery countries, suggesting that it may not imminently cut Ireland’s rating to junk in line with Portugal and Greece. Moody’s, which on July 5
      Bloomberg  -  412 words
    • Article
      Lock icon NZ eyes becoming carbon trading hub
      304 13 Reuters [WELLINGTON] New Zealand, the first nation outside Europe to set up a car-bon-trading scheme, hopes to become a trading hub for the region as neighbouring Australia and other countries move towards mar-ket-based schemes for cutting carbon emissions. New Zealand has been running an
      Reuters  -  304 words
    • Article, Illustration
      Lock icon Executive MBA takes successful career to the next level
      559 13 A SPECIAL FEATURE BROUGHT TO YOU BY WITH the 14th annual cohort graduating today, more than 400 business leaders have benefited from Singapore’s longest running American Executive Master of Business Administration (EMBA) program. Graduates say that the EMBA, which is taught
      559 words
    • Article, Illustration
      Lock icon A relevant program for professionals
      1033 13 TWO successful professionals who graduated from the UB EMBA at SIM in recent years say that they found the curriculum’s relevance one of its main selling points. Rolv Stokkmo, the managing director, Asia of Lorentzen and Stemoco, has put what he learned during the program
      1,033 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon Stocks beat economic, political odds
      566 14  -  Market soars to new high despite weak economic data, political rally plan By PAULINE NG in Kuala Lumpur THE Malaysian stock market has been charting new highs this week, notwithstanding softer economic data and a rising political temperature which has resulted in the arrest of
      THE STAR  -  566 words
    • Article
      Lock icon RHB open to M&A ‘if price is right’
      241 14 Reuters [KUALA LUMPUR] RHB Capital, Malaysia’s fifth-largest lender, remains open to merger opportunities if the price is right, its chief executive said, after two larger rivals scrapped plans to acquire it in a bid to create South-east Asia’s biggest bank. RHB was
      Reuters  -  241 words
    • Article
      Lock icon Bank Negara raises cash reserves to 4%
      369 14 Bloomberg [SINGAPORE] Malaysia’s central bank has ordered lenders to set aside more cash as reserves and unexpectedly kept interest rates unchanged, judging borrowing costs are high enough to keep inflation contained as global growth eases. Bank Negara Malaysia raised the statutory reserve requirement
      Bloomberg  -  369 words
  • Page 14 Advertisements
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      2472 14 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com. CREDIT INDUSTRIEL ET COMMERCIAL (A BANK INCORPORATED IN FRANCE) Consolidated Statement of Financial Position (in millions) Assets Dec 31, 2010 Dec 31, 2009 Cash and amounts due from central banks 5,403 5,142 Financial assets at fair value through profit or loss 28,601 39,260
      2,472 words
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      181 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND CAIN INVESTMENTS PTE. LTD. (In Members’ Voluntary Liquidation) Company Registration No. *****0173W NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap.50 the Final Meeting of the members of the abovenamed Company
      181 words
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      492 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF TRANSGLOBAL SHIPPING PTE LTD (In Members’Voluntary Liquidation) Company registration no. *****5935N At an Extraordinary General Meeting of the Company duly convened and held at 1 Kim Seng Promenade #07-02 Great World City Singapore *****4 on 29
      492 words
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  • Article
    Lock icon The MRCB Group: Builder Of Investment Grade Assets
    1140 15 A SPECIAL SERIES BROUGHTTOYOU BY SHAREINVESTOR Step off a plane at Kuala Lumpur International Airport, and you are just a short train ride away from the biggest transport hub in Malaysia: Kuala Lumpur Sentral, a 72-acre exclusive urban centre developed by a
    1,140 words
  • Article
    Lock icon GW Plastics Holdings Berhad (“GW”) : High Performance Packaging
    1105 15 GW Plastics Holdings Berhad (“GW”) High Performance Packaging I Individually wrapped convenience snacks; handy, portably packaged drinks; waterproof carrier bags; anything that requires lightweight plastic packaging, in fact. The use of plastic film is so widespread in our everyday lives that we almost don’t notice it. But there’s plenty to
    1,105 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon China to cut spending on strategic industries
      747 16 Reasons due to corruption in its high-speed rail project, wind power overcapacity Reuters [BEIJING] China may rein in plans to invest heavily in seven new strategic industries, including high-speed rail and wind power, scaling back cut-ting-edge projects for industries suffering from old-fashioned problems
      Reuters; AP  -  747 words
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      3077 16 BEATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com. AZEUS SYSTEMS HOLDINGS LTD. (Incorporated in Bermuda on 10 May 2004) (Registration Number: *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held on Thursday, 28 July 2011 at 10 a.m. at
      3,077 words
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      Lock icon Page 16 Advertisements Column 2
      568 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NAUTRONIX (SINGAPORE) PTE LTD [Co. Reg. No. *****3904E] (IN MEMBERS'VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final Meeting of Members of
      568 words
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      Lock icon Page 16 Advertisements Column 3
      506 16 PROCTER GAMBLE HOLDINGS SINGAPORE PTE LTD COMPANY REGISTRATION NO. *****8622N (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN THAT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY WAS DEEMED TO HAVE BEEN HELD AT 238A THOMSON ROAD #20-01/10, NOVENA SQUARE TOWER A, SINGAPORE *****4 ON THE
      506 words
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  • WORLD
    • Article
      Lock icon Bankers fail to strike deal on Greek package
      553 17 Private sector’s role in second bailout remains unclear Reuters [ROME] International financiers and European Union (EU) officials failed to make progress yesterday in securing a private sector contribution to a second bailout of Greece, as bond yields continued to climb because of
      Reuters  -  553 words
    • Article, Illustration
      Lock icon Hedge funds betting on euro crisis to spread
      497 17 Bloomberg [NEW YORK] Hedge funds that trade bonds and loans are increasing bets that Europe’s sovereign debt crisis will spread to Portugal, Spain and Italy, even after Greece won a temporary reprieve with 12 billion euros (S$21.07 billion) in aid. “Nothing you’ve
      Bloomberg; AP  -  497 words
    • Article, Illustration
      Lock icon ECB hikes key rate, dubs its policy ‘accommodative’
      615 17 Yesterday’s 25 basis point increase to 1.5% is highest in more than two years Bloomberg AP [LONDON] European Central Bank (ECB) president Jean-Claude Trichet said interest rates remain “low” after policymakers raised borrowing costs to fight inflation even as the region’s sovereign
      Bloomberg; AP; REUTERS  -  615 words
    • Article
      Lock icon Carmakers drive jump in German industrial output
      392 17 Reuters [BERLIN] German industrial output jumped in May, rising twice as fast as economists predicted as car and steel companies ran factories at full tilt to keep up with demand at home and abroad, data showed yesterday. The economy ministry said that production
      Reuters  -  392 words
    • Article
      Lock icon Chinese investments lift struggling US businesses
      696 18 Report envisions US$1-2t of Chinese overseas investment this decade NYT [NEW YORK] Chinese investment in US companies rose to US$5 billion in 2010, but that may be only the beginning of a tidal wave of direct Chinese investment in US businesses, according to a
      NYT  -  696 words
    • Article
      Lock icon US-China audit deal seen to be limited
      588 18 Reuters [NEW YORK] US and Chinese securities regulators may soon strike a deal that would allow the Americans some access to Chinese auditors, but it is likely to be more superficial than Washington wants. A string of accounting scandals at US-listed Chinese companies
      Reuters  -  588 words
    • Article, Illustration
      Lock icon Japan pledges stress tests for nuclear reactors
      658 18  -  By ANTHONY ROWLEY By in Tokyo DESPERATE to get dozens of idle nuclear power plants around the country back on stream, the Japanese government has promised to “stress test” reactors before restarting them. But this appears to have created more alarm than reassurance
      REUTERS  -  658 words
    • Article
      Lock icon Goldman unit took biggest loan under secret Fed scheme
      379 18 Reuters [NEW YORK] Goldman Sachs Co, a unit of the most profitable bank in Wall Street history, took US$15 billion from the US Federal Reserve on Dec 9, 2008, the biggest single loan from a lending programme whose details have been
      Reuters  -  379 words
    • Article, Illustration
      Lock icon Soldiers dragged into Murdoch phone-hacking scandal
      603 19 Relatives of army men killed in Iraq and Afghanistan had voicemails hacked Reuters [LONDON] A phone-hack-ing scandal engulfing Rupert Murdoch’s media empire grew yesterday with claims that Britain’s top-selling tabloid may have listened to the voicemail of relatives of soldiers killed in Iraq and
      Reuters; AP  -  603 words
    • Article, Illustration
      Lock icon S Korea casino, resort, construction firms shares spike
      419 19 Reuters [PYEONGCHANG, South Korea] Shares in South Korean casino and resort operators and construction firms spiked yesterday, buoyed by expectations that Pyeongchang’s hosting of the 2018 Winter Olympics could pump tens of billions of dollars into the economy. At an International Olympic
      Reuters; AFP  -  419 words
    • Article
      Lock icon Variety of ways to tap into voice-mails
      393 19 NYT [LONDON] The term “phone hacking”, which is dominating headlines around the world, refers broadly to a variety of methods journalists at the News of the World and other British newspapers could have used to listen to thousands of voice-mail messages until the
      NYT  -  393 words
    • Article
      Lock icon Maple ‘in strong position’ to take over TMX
      566 19 It doesn’t believe it needs to raise its bid again to win support Reuters [TORONTO] Maple Group’s takeover bid for Toronto Stock Exchange operator TMX Group is “as strong as you can possibly imagine” and will win over shareholders who spurned a
      Reuters  -  566 words
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      106 17 o I e Hospitality High 7 Miiina KB WONDERS OF TEA sze COURT From 4 to 24 July, reap the health benefits of tea at Szechuan Court with our innovative and mouth-watering tea-infused dishes which are wonderfully paired with premium fragrant teas to complement the culinary creations. Lunch and dinner
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      295 18 THE SME MAGAZINE PRESENTS The Economy& Your Business What headwinds ahead do companies face? Get a better picture of how the next 12 to 18 months will pan out. Hear from two of Singapore’s top economists as they share their outlook on how the wider picture can impact local businesses
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      78 18 herworld.com Over $6,000 worth of prizes including luxury holiday at the Baros Maldives Go to www.herworld.com/weeklygiveaways now to participate!) We have 2 Samsung Dual LCDs Cameras ST700 to give away worth a total of $918 Goldheart Mode Tres Bleu v£y diamond pendant worth $838 and $1,500 worth of gift vouchers
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      2241 19 NOTICES BUY IT• SELL IT• FIND IT Toll free: 1800-289-8822 Email: notices@sph.com.sg In the Matter of The Companies Act, Cap. 50 And In The Matter of BO FA PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg. No. *****7151E) At an Extraordinary General Meeting of the Company duly convened and held
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      450 19 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF KAMEWA SINGAPORE PTE LTD (In Members' Voluntary Liquidation) (Co. Reg. No. *****3829N) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the member of the abovenamed Company duly convened and held pursuant to Section 179(6) of
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      1042 20 i IK Cleaning Kit (DSLR) Camera Case Extra Battery SlikTripod cA MiniPod DSLR Bag M 1H r AA Battery Travel Bag Card Reader m Bum. 0 8GB <TJ SD Card Nikon At the heart of the image KATA Bag Accessory Kit Cleaning Kit (consist of a 4GBSD (COOLPIX) Card, Camera
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Airlines alerted against bombs under the skin
      495 21 US warns carriers of likely terror tactic; travellers may face tougher screening AFP [WASHINGTON] US officials have warned airlines that terror groups may be mulling over implanting bombs under the skins of passengers, reports said on Wednesday, but stressed the alert was not
      AFP; REUTERS  -  495 words
    • Article, Illustration
      Lock icon Air France-KLM splits plane order between Airbus, Boeing
      287 21 Bloomberg [TOULOUSE, France] Air France-KLM Group, Europe’s biggest airline, plans to split an order for about 100 widebody planes between Airbus SAS and Boeing Co, chief executive officer Pierre Henri Gourgeon told French politicians. Mr Gourgeon declared his intention to divide the
      Bloomberg  -  287 words
    • Article
      Lock icon Overcapacity threatens container rates
      759 21 Container lines add ships to fleets despite drop in rates Bloomberg [COPENHAGEN] Container lines are ignoring a drop in freight rates and bringing the highest proportion of the shipping fleet out of mothballs since 2008, when the global slump resulted in the industry’s biggest losses. The
      Bloomberg  -  759 words
    • Article
      Lock icon More ships wait to load sugar in Brazil
      263 21 Reuters [SAO PAULO] The queue of ships waiting to load sugar at Brazilian ports rose to 86 by Wednesday, up from 64 in mid-June, shipping agency SA Commodities/Unimar said yesterday, as the world’s largest sugarcane crop nears peak harvesting. The agency said
      Reuters  -  263 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3347 21 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 LO4031
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  • EDITORIAL & OPINION
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      Lock icon Systemic risk from ETFs must be contained
      506 22 EDITORIAL OF late, exchange-traded funds (ETFs) have received a great deal of attention. The worry is that they may be a potential source of the next financial blow-up and pose a systemic risk to global financial markets. Just this week, it was reported
      506 words
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      Lock icon US debt limit: Republicans playing a risky game
      801 22  -  THE BOTTOM LINE LEON HADAR Washington Correspondent THERE is a general agreement in Washington and Wall Street that the US is in real risk of defaulting on its debt if Congress fails to approve legislation that permits the federal government to exceed
      801 words
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      Lock icon Why more migration makes great sense
      1112 22  -  Besides yielding other important benefits, it produces a much richer world in many ways By IAN GOLDIN, GEOFFREY CAMERON in Oxford Ian Goldin is director of the Oxford Martin School and professorial fellow at Balliol College, University of Oxford. Geoffrey Cameron is a research
      AFP  -  1,112 words
    • Article, Illustration
      Lock icon Timely push for a US-Asean FTA
      1179 23  -  The proposed pact, potentially a win-win for all parties, may serve as a long-term building block for Obama’s Asia policy By EUL-SOO PANG The writer is visiting professorial fellow at the Institute of Southeast Asian Studies and the author of ‘The US-Singapore Free Trade
      AFP  -  1,179 words
    • Article
      Lock icon China’s long march in the war for talent
      801 23  -  Massive talent recruitment, retention plan takes heart from countries like S’pore By ALEX EYMIEU The writer is a partner at CTPartners, an executive search firm THE Singapore government has played a large role in fostering the nation’s world-class workforce. Singapore has topped
      801 words
    • Article
      Lock icon Japanese firms succeed with adopted heirs
      620 23  -  By YUPANA WIWATTANAKANTANG Yupana Wiwattanakantang is associate professor in the Departments of Finance/Strategy and Policy at NUS Business School. She specialises in corporate governance, corporate finance, firm behaviour and performance, and family firms. Vikas Mehrotra, Randall Morck and Jungwook Shim collaborated in this research
      620 words
    • Article
      Lock icon Clarification on MCT dividend yields for FY2011 and FY2012
      135 23  -  LETTER TO THE EDITOR Koh Wee Leong Investor relations Mapletree Commercial Trust Management Ltd WE refer to the article “Dividend stocks: quality counts too” (BT, July 5). Mapletree Commercial Trust’s (MCT) consensus dividend yield for the financial years 2011 and 2012
      135 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8290 24 Transaction date: Jul 7 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 15 8Telecom 15 15.5 16 7.8 4.1 3.1 71.8 12 4.5 A-Sonic 7.1 unch 244 7.2 7.1 7.1 7.2
      8,290 words
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      Lock icon SGX CATALIST
      1509 25 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 5.5 4 t AA Grp 4 3.6 4.3 19 3.9 202 139 t APStrategic 139 -6 13 139 139 136 141 82.5 1.5 0.2
      1,509 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9967 25 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.38/ APS Alpha Fund (USD)!** 1.12/ 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 0.6585/ Asian Credit Fund
      9,967 words
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      Lock icon GLOBALQUOTE
      231 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A42.5 unch 1 42.5 42.5 42.5 46 3.6 8.2 3.4 110.7 55 18 Genting HK US$ US39 +0.5 6850 39 38.5 38.5 39 2568
      231 words
    • Article
      Lock icon SGX ETF
      863 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 114.5 114.5 522.7 1087 846 CIMBAsean40 100US$ US1084 +19 82 1087 1075 1075 1082 43.4 350 290 DBS STI ETF
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 26 In local curr In S$ In US$ dy yr dy yr dy yr Jul 6 Index Change Change Change Change Change Change World Index Preliminary 922.2 -0.1 2.7 -0.2 0.5 -0.3 4.8 EAFE Preliminary 793.1 -0.2 -1.0 -0.6 -1.0 -0.7 3.2 Europe Preliminary 1172.7 -0.6
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 26 CRUDE OIL PRODUCTS Jul 6 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 113.53 0.28 WTI (Near Mth) 96.61 -0.21 Dubai (1-Mth F) 106.77 1.15 Tapis blend 117.61 1.32 Minas 114.01 0.62 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.72 2.05 Jet Kerosene 125.00 1.35 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon SICOM FUTURES
      181 26 Jul 7 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Aug 11 470.0 468.0 470.0 14 157 Sep 11 475.0 468.0 468.0 14 392 Oct 11 473.5 473.0 473.5 28 389 Nov 11 475.0 473.1 474.0 25 338 Dec
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    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      75 26 As on 6 July 2011 www.smx.com.sg For membership please contact: Ivan Han, DID +65 9098 8455 membership@smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold Cash Aug-11 1518.5 1513.6 1516.2 1502.7 Silver Cash Sep-11 35.755 35.755 35.755 34.515 CURRENCY Euro-US Dollar Sep-11 1.4434 1.4257 1.4285
      75 words
    • Article
      Lock icon CHICAGO BOT
      107 26 Jul 6 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 11 1331.00 1332.25 1336.75 1321.25 Aug 11 1322.25 unch 1327.00 1310.50 Sep 11 1316.75 1317.00 1321.50 1303.75 Nov 11 1318.50 1318.00 1323.50 1305.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 11 55.27
      107 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      81 26 Jul 7 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****E 06.10.2011 0.31 0.24 0.24 1-Year BY*****X 02.05.2012 0.41 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.68 5-Year N*****0W 1.125 01.04.2016 100.91 101 100.9
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 26 As at 9am Jul 07 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.356 1.28 Can dollar 1.294 1.245 Euro 1.79 1.722 Sterling pound 2.002 1.925 NZ dollar 1.043 0.994 US dollar 1.244 1.197 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon PALM OIL
      65 26 Jul 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 11 3040 3060 3065 3040 53 1828 Aug 11 3044 3067 3072 3044 666 ***** Sep 11 3036 3054 3064 3031 ***** ***** Oct 11 3038 3054
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    • Article
      Lock icon INTERBANK RATES
      177 26 Jul 7 $S Offer Bid 0vernight 0.01 Par 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.08 US$ Offer Bid 7 days 0.25 0.15 1 month 0.28 0.18 2 months 0.32 0.22 3 months 0.36 0.26 6 months 0.47 0.37 9 months 0.70 0.50 12
      177 words
    • Article
      Lock icon INTERBANK CROSS RATES
      462 26 Jul 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.036 6.944 0.751 8.358 47.707 91.671 0.869 11.425 3.232 1.297 92.176 46.042 1.317 7.214 0.900 30.936 32.572 0.671 1.074 Canada 0.965 6.700
      462 words
    • Article
      Lock icon SIBOR
      85 26 Jul 7 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 26 Jul 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3164 1.3176 1.0737 1.0738 Canadian dollar 1.2701 1.2714 1.0359 1.0362 Euro 1.7531 1.7547 1.4299 1.4301 NZ dollar 1.0148 1.0162 0.8277 0.8282 Sterling pound 1.9626 1.9645 1.6008 1.6011
      154 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 26 Jul 7 S$ Bid Offer 1-month 1.2260 1.2270 2-months 1.2259 1.2270 3-months 1.2259 1.2269 6-months 1.2253 1.2264 Source: OCBC
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    • Article
      Lock icon PRECIOUS METALS
      139 26 Jul 7 GOLD (US$/oz) Jul 07 Jul 06 Hong Kong 1530.60 1517.50 Jul 06 Jul 05 London 1529.00 1508.58 1529.75 1509.42 Source: Thomson Reuters CAST BAR Jul 07 (S$) Selling Buying Kilobar "64,489.97" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 144 60 5gm 410 301 10gm 733
      139 words
    • Article
      Lock icon LONDON METALS
      69 26 Jul 6 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2524.75 2544.25 3 months 2556.00 2575.00 Copper, Grade A (US$/tonne) Cash 9503.00 9522.25 3 months 9521.00 9540.00 Lead (US$/tonne) Cash 2689.50 2586.75 3 months 2700.00 unch Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • Article
      Lock icon LIFFE
      82 26 Jul 6 COCOA (£/tonne) Close Prev High/Low Jul 11 1981 2000 2018/1976 Sep 11 2010 2023 2048/2005 Dec 11 2033 2046 2070/2028 Mar 12 2047 2062 2086/2045 COFFEE (US$/tonne) Close Pev High/Low Jul 11 2424 2423 2435/2410 Sep 11 2466 2465 2480/2436 Nov 11 2494 2490 2507/2462 Jan 12
      82 words
    • Article
      Lock icon STOCK INDEX FUTURES
      27 26 Jul 7 Open High Sett STI Jul 3125 SIMSCI Jul 360.6 363.6 362.5 Taiwan Jul 304.6 304.9 303.7 Source: MF Global (S) Pte Ltd
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    • Article
      Lock icon SGX DERIVATIVES TRADING
      448 26 Jul 7 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6350 0 5715 Dec11 99.5500 0 4266 Mar12 99.4900 0 1578 Jun12 99.3950 0 1904 EUROYEN TIBOR FUTURES Sep11 99.6650 0 1333 Dec11 99.6625 0 1392 Mar12 99.6550 0 1823 Jun12 99.6450 20 1494 Sep12 99.5800
      448 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2450 26 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 25.5 1 150 26 5.45 34 ASJ Hldgs W*****1 1.5 1 4 34 2.73 7 AlliedTech W*****2 1.9 1 4 28 Asia Water Tech Ltd W*****8 2.8 -0.2
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  • Article
    Lock icon SHIPPING TIMES
    5520 27 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 JIMRISE Muscat/Sharjah/Doha/Dammam JIMFLUSH
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  • executive lifestyle
    • Article, Illustration
      Lock icon CLICK WITH
      1628 29  -  Last year, a global record of $140 million worth of art was sold online. Art is no more just the province of brick-and-mortar studios. It is fast growing in the hands of smaller, and reputable, virtual galleries, reports NATALIE KOH NICHOLAS YEO WHEN a winning bid is made
      PHOTO-ILLUSTRATION: MOHD KHAIRIE; FILE PHOTO  -  1,628 words
    • CINEMA
      • Article, Illustration
        Lock icon HK cinema’s fighting spirit hailed in fest
        633 30  -  By DYLAN TAN HONG Kong cinema strikes back with the award-winning movie Gallants kicking off the Hong Kong Film Festival 2011 (HKFF 2011) next Thursday. The week-long event is co-organ-ised by the Hong Kong Economic and Trade Office (HKETO) in Singapore and Cathay
        633 words
      • Article, Illustration
        Lock icon Tatou channels Amelie in rom-com
        466 30  -  By DYLAN TAN IN the lighthearted French romantic comedy Beautiful Lies, Audrey Tautou returns to familiar ground. The winsome hairdresser she plays here has the same whimsical pixie charm of Amelie, the title character of the 2001 film that shot the petite actress to fame.
        466 words
      • Article, Illustration
        Lock icon Thinning at the Crowne
        645 30  -  Even the star power of Tom Hanks and Julia Roberts cannot save the bland, cinematic trifle called Larry Crowne from a well-deserved drubbing at the box-office, reviews GEOFFREY EU reviews GEOFFREY EU IN the world according to Tom Hanks, life isn’t like a box of chocolates
        645 words
      • Article, Illustration
        Lock icon Freakfest of nature
        490 30  -  DVD REVIEW By TAN TECK HENG IF you want to learn how to use sexy intellectual phrases like “ethical quandary”, get a copy of Freakonomics: The Movie. In this respect, the follow-up documentary film to the best-selling book of the same name will not disappoint. With a
        490 words
    • WINE/GAMING
      • Article, Illustration
        Lock icon Burgundy’s bouquets
        1024 31  -  The oft-held view is that Burgundy 2009 is more lush and 2010 is more acidic, but each excels in its own special way, writes N K YONG writes N K YONG IT is lunch time on Sunday in Getaria, the fishing port on the Spanish coast of the
        1,024 words
      • Article, Illustration
        Lock icon Fear-free franchise
        442 31  -  GAMING REVIEW By LEE KIM SIANG DESPITE its rather ominous title, F.E.A.R. 3 does little to inspire heart palpitations or sweaty palms as you work your way through the game’s stages. What it does offer though is a shooter experience unlike anything recently released. Blending elements of horror
        442 words
    • MUSIC
      • Article, Illustration
        Lock icon Stars halt 10-year decline
        618 32 Reuters BRITISH soul singer Adele and flamboyant pop singer Lady Gaga have helped the American music industry stage a modest comeback after a decade of decline. According to data released on Wednesday by tracking firm Nielsen SoundScan, overall album sales rose by 3.6 per cent to
        Reuters; PHOTOS: AP, REUTERS  -  618 words
      • Article, Illustration
        Lock icon Two winds blow as one
        658 32  -  Diva of the Western recorder Michala Petri will pair with the Chinese dizi of the Singapore Singapore Chinese Orchestra in a rare tonal dialogue, reports CHRISTOPHER LIM IF you went to school here, the odds are that you were forced to learn the recorder during
        658 words
      • Article, Illustration
        Lock icon Retooled jazz and blues outings
        553 32  -  CD REVIEWS By CHRISTOPHER LIM DR HOUSE plays the blues, you know? Well, actor Hugh Laurie does, anyway, and not just in the melancholic TV scenes of the grouchy doctor role he won a Golden Globe award for. He’s been playing the piano since he
        553 words
    • PURSUITS
      • Article, Illustration
        Lock icon Hallows is not the end for Potter fans
        1076 33  -  Even as the last instalment in the Harry Potter movie franchise premieres, diehard fans vow to keep the wands waving, reports ALYSHA LOVE reports ALYSHA LOVE FROM the Indian metropolis of Mumbai to the dusty plains of Texas, frenzied fans across the
        PHOTOS: XINHUA, AFP  -  1,076 words
      • AROUNDTOWN
        • Article, Illustration
          Lock icon Wedding ideas in a box
          171 33 WITH more couples looking for unique and intimate weddings, The Jewel Box is offering four wedding scenes in five venues atop Mount Faber, with wedding consultants from the Association of Bridal Consultants (Singapore) to help couples see the dream weddings come true. Each of the
          171 words
        • Article
          Lock icon Inside the mind of designers
          154 33 In a three-day event this weekend, 60 students from the SIM-RMIT Bachelor of Design (Communication Design) programme put visitors into the mind of a schizophrenic with a Delicate Mind Health booth. Introducing the notion of design as a catalyst of change, the event, entitled Design
          154 words
        • Article, Illustration
          Lock icon Up close with icons and idols
          198 33 Cultural icons and religious idols have always been intriguing. Why do people feel protected by idols and amulets? How do icons stay relevant after all these years? How do people view idols that may not change in appearance, but might have changed in significance
          198 words
        • Article
          Lock icon Celebrity coach lessons for wannabe warblers
          117 33  -  Compiled by NATALIE KOH Certified Speech Level Singing (SLS) Master Instructor Greg Enriquez will be in Singapore this weekend, offering a masterclass to address students’ singing problems and ways to polish their talents. The classes will cover the four main voice types; improving pitch
          117 words
    • ARTS/BOOKS
      • Article, Illustration
        Lock icon Game on for app art
        652 34  -  By CHEAH UI-HOON SINGAPORE art is penetrating the Google Android apps market in a first-of-its-kind project between an arts manager and a mobile gaming programmer. By the end of July, Painting Findings Singapore Collection should be available internationally and those who download it will be
        PHOTOS: PAINTING FINDINGS SINGAPORE COLLECTION  -  652 words
      • Article, Illustration
        Lock icon Ground hero
        793 34  -  Singapore photographer Chow Chee Yong’s Project 37 took shape as the 37-year-old National Stadium came crumbling to the ground, writes CHEAH UI-HOON writes CHEAH UI-HOON THE demolition of the 37-year-old National Stadium from October last year to February went by largely unnoticed; but every week, photographer Chow Chee
        PHOTOS: CHOW CHEE YONG  -  793 words
      • Article, Illustration
        Lock icon Stripped down Dick Lee sags a tad
        508 34  -  By DYLAN TAN TAKING on the world of male beauty pageants, Dick Lee’s latest work, Beauty Kings, is a stripped-down pun intended production with a simple set that mostly consisted of raised platforms that were imaginatively rotated or combined to change the setting
        AMOS WONG PHOTOGRAPHY  -  508 words
      • Article, Illustration
        Lock icon Doing cartwheels with memory
        970 34  -  BOOK REVIEW By KENNETH JAMES IN March, 2005, a young journalist walked into an auditorium in Manhattan, New York, and discovered a world he didn’t even know existed. Never in his wildest dreams did he imagine that in just one short year, he would not only
        970 words
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  • Page 31 Advertisements
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      Lock icon Page 31 Advertisements Column 1
      53 31 Credit Suisse: Innovation In Art Series A T a n HIST Y a 1 9650 A Selei Singap ction from ore Art Mi the Centr seum Col u and Credit Suisse: Innovation In Art Series i CREDIT SU CREDIT SUISSE IS PR RY 1965-2010. A SELEC' .LECTIONS". June September credit-suisse.com/lesamis
      53 words
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      69 33 EARLY BIRD ENDS NEXT WED 13 th CM ma v jr m w m r ■A > i m ?> m i N i > *V V "1 "I v "THE MAIN EVENT IN THE WORLD OF THE ARTS SPH THE STRAITS TIMES, LIFE! *20% Discount for OCBC Cardmembers *15%
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  • Page 33 Miscellaneous
    • Miscellaneous
      Lock icon Page 33 Miscellaneous Column 1
      323 33 Across 1 The first gold being held by speculator (8) 9 Break if Hamlet falters (4-4) 10 Corporation’s backing obscene material! (4) 11 Coloured vegetable drink (6,6) 13 Depressing part of the music (8) 15 One from a dozen in the team (6) 16 A portion of pesto within a
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  • Temasek Review 2011 Highlights
    • Article, Illustration
      Lock icon Building for Tomorrow
      238 35 We invested and divested steadily in preparation for the opportunities ahead, strengthened our people and institution, and supported our wider communities. Over three quarters of the underlying assets in our portfolio are in Asia, including Singapore. We have a balanced exposure between mature economies and growth regions,
      238 words
    • Article
      Lock icon Group Financial Highlights
      114 36 Group Income Statements (in S$ billion) For year ended 31 Mar 2004 2005 2006 2007 2008 2009 2010 2011 Revenue 56.5 67.5 79.8 74.6 83.3 79.6 76.7 83.5 Profit before income tax 11.8 12.2 19.0 14.3 25.5 10.4 8.5 17.8 Net profit attributable to equity holder 7.4
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    • Article
      Lock icon Temasek Bonds are public markers of our credit quality
      199 36 Together, our Temasek Bonds, annual Temasek Review and international credit ratings anchor our institutional framework for financial discipline over the long term. Our US$10 billion Global Guaranteed Medium Term Note (MTN) Programme was established in 2005 with a maiden US$1.75 billion
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    • Article, Illustration
      Lock icon Temasek is a Singapore investment company and a responsible corporate citizen
      264 36 Governed by the provisions of the Singapore Companies Act, we own and manage our assets with full commercial discretion and flexibility. Investment, divestment and business decisions are directed by our Board and management. Our governance framework is additionally guided
      264 words
    • Article, Illustration
      Lock icon We contribute to our wider community, individually and as an institution, both in Asia and beyond
      372 36 Building People Supporting Students with Learning Needs Two Temasek Cares pilot programmes developed individualised intervention plans to help students with learning needs at Northlight School and Assumption Pathway School. Supporting the Down Syndrome Association
      372 words
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