The Business Times, 15 July 2011

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Microfilm: NL31562
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Friday, July 15,2011
    23 words
  • Article, Illustration
    Lock icon Growth grinds to a near-standstill in Q2
    722 1  -  0.5% year-on-year growth lower than expected; global uncertainties casting a long shadow By TEH SHI NING [SINGAPORE] Flash estimates show a sharper-than-expected slowdown in Singapore’s growth last quarter, prompting at least one economist to warn that full-year GDP may slip below the official
    BLOOMBERG; Source: MTI  -  722 words
  • Article
    Lock icon Obama hits the roof as debt ceiling talks stall
    867 1  -  By STEPHEN RAPHAEL in New York THE testy negotiations over raising the US debt ceiling hit a new low prompting the normally cool President Barack Obama to storm out of a meeting with Republican Congressional leaders. “Don’t call my bluff,” he
    867 words
  • Article
    Lock icon MARKETS DIGEST
    144 1 GST INDEX 3,088.70 (+0.28) G ST INDEX FUTURES 3,088 (+1) H SIMSCI 358.48 (-0.40) E SIMSCI FUTURES 358.40 (unch) FOREX US$ S$ US$ (S$ per US$) 1.217 (US$/S$ per 1.610 1.960 EURO (US$/S$/E) 1.420 1.728 Foreign currency per US$ S$ YEN 79.00 64.90 RM 3.004 2.468 HK$ 7.791
    144 words
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      59 1 FESTIVALS AROUND THE WORLD Hitting the right notes in Aix-en-Provence PAGE 29 WINE Bounty of Bordeaux PAGE 27 EXEC LIFESTYLE F&B players serve up mergers innovations PAGE 32 8 '*****1 *****4 •N -i f > NSTRUMENTS FOR PROFESSIONALS PURE PERFORMANCE PURE BREITLING TEL. +65 6732 6347 WWW.BREITLING.COM sM rv»»< a
      59 words
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      11 1 RICE TRADE World will pay price for Thai politics PAGE 2
      11 words
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  • TOP STORIES
    • Article, Illustration
      Lock icon World will pay price for Thai politics of rice
      515 2  -  Yingluck’s pledge to pay minimum price to farmers will cause global spike: report By VEN SREENIVASAN [SINGAPORE] Thailand’s incoming prime minister Yingluck Shinawatra’s pledge to pay Thai farmers a minimum price of 15,000 baht (S$606) per tonne 67 per cent higher
      BLOOMBERG; REUTERS  -  515 words
    • Article, Illustration
      Lock icon Deutsche Boerse clears major NYSE Euronext hurdle
      754 2 [FRANKFURT] Deutsche Boerse AG shareholders yesterday approved the US$9.2 billion takeover of NYSE Euronext, surmounting the biggest hurdle yet to gain control of the 219-year-old exchange company and create the world’s biggest bourse operator. Owners holding more than 80 per cent of Deutsche
      754 words
    • Article, Illustration
      Lock icon CapitaLand eyes buildings in Ophir-Rochor project
      570 2  -  By KALPANA RASHIWALA [SINGAPORE] CapitaLand, which is project manager for the Khazanah-Temasek mixed-development project in the Ophir-Rochor area, is eyeing the possibility of buying some components of the project or having a call option to do so. CapitaLand Commercial’s chief executive Chong Lit Cheong
      570 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      546 2 Growth grinds to a near-standstill in Q2 FLASH estimates show a sharper-than-expected slowdown in Singapore’s growth last quarter, prompting at least one economist to warn that full-year GDP may slip below the official 5-7 per cent growth range forecast. While most economists still view the 0.5 per cent
      546 words
    • Article, Illustration
      Lock icon Power demand growth negative during Feb-May
      455 4  -  But turnaround seen as gencos report pick-up in demand for electricity in June By RONNIE LIM [SINGAPORE] Reflecting a weaker Singapore economy in the second quarter, electricity demand growth here stayed negative year-on-year (YOY) from February through to May, latest Energy Market Company (EMC)
      FILE PHOTO  -  455 words
    • Article
      Lock icon It’s mainly about growth and talent for CEOs this year
      1108 4  -  By ANNA TEO [SINGAPORE] Just what keeps CEOs up at night? After years of focus on execution, the biggest worry by far today for top executives globally is apparently and squarely business growth prospects though those from Asia cite talent
      1,108 words
    • Article, Illustration
      Lock icon SIA chief apologises for website technical glitch
      328 4  -  By VEN SREENIVASAN [SINGAPORE] In an unusual move, Singapore Airlines (SIA) chief executive Goh Choon Phong has personally apologised to thousands of its frequent-flyer customers for a technical glitch which affected its new website. “On behalf of Singapore Airlines, I would like to
      FILE PHOTO  -  328 words
    • Article
      Lock icon Murdochs ordered to testify to British MPs over scandal
      599 4 AFP Bloomberg [LONDON] British lawmakers formally summoned Rupert Murdoch and his son James yesterday to testify over the phone hacking scandal after the Murdochs had refused an invitation to attend. Rebekah Brooks, the chief executive of Mr Murdoch’s British newspaper division,
      AFP; Bloomberg  -  599 words
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      50 words
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      988 3 THE much anticipated VIP preview of the prestigious Thomson Grand, in the upscale neighbourhood of Upper Thomson, was a tremendous success as it was met with excitement and enthusiasm by discerning buyers and investors. And the results, speak for themselves, as 50 units were sold on the first day of
      988 words
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      133 words
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      1301 5 Advertorial Highly Anticipated. Solid Investment. Residential development in a prestigious neighbourhood and good location that commands multiple views is a rarity in Singapore. This presents a strong upside potential for solid investment. In February 2011, there were 19 bids received for tender for a land parcel at Bishan Street 14.
      1,301 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon CCT posts drop in Q2 distributable income
      827 6  -  Mitsubishi Estate Asia to take 10% stake in Market Street project By KALPANA RASHIWALA or the completed development. It may exercise the call option any time over a three-year period after the new office tower obtains Temporary Occupation Permit (TOP). The purchase will
      827 words
    • Article
      Lock icon Enormous value in cultivating scepticism
      783 6  -  HOCK LOCK SIEW By R SIVANITHY IF THERE’S a single quality of which more is needed when it comes to surviving in the stock market, it’s scepticism. With greater scepticism comes the need to question, to know more and not take things at face value.
      783 words
    • Article
      Lock icon Curious case of some uninformed Allgreen investors
      393 7  -  By EMILYN YAP A FEW investors in Allgreen Properties may have unwittingly got themselves into a no-win deal by buying shares in the group at $1.60 apiece or more, when it has become almost certain that the group will be bought over at
      393 words
    • Article
      Lock icon Far East Organization plans to list Reit next year: sources
      331 7 Reuters [SINGAPORE] Singapore property developer Far East Organization plans to raise at least S$500 million through the listing of some of its hotel and serviced residence assets in a real estate investment trust (Reit) next year, according to sources familiar
      Reuters  -  331 words
    • COMPANY BRIEFS
      • Article
        Lock icon KS Energy unit wins $70m China contracts
        77 7 KS Energy Ltd said subsidiary KS Distribution Pte Ltd (KSD) has secured two project contracts with an established shipyard from China to supply rig components worth approximately $70 million in total for the construction of two jack-up rigs. KSD will provide integrated procurement
        77 words
      • Article
        Lock icon Govt yet to approve Tiger Airways tie-up
        119 7 TIGER Airways Holdings Ltd has clarified that government approval for its plan to set up a joint venture in Thailand with Thai Airways International Public Company is still pending, contrary to media reports saying the Thai authorities did not approve the venture. Bloomberg
        119 words
      • Article
        Lock icon Cacola issues Q2 results warning
        46 7 CACOLA Furniture International Ltd said that the group is expected to report a loss for the second quarter ended June 30, 2011, compared to the previous corresponding period. This is due to bad debt provision made on trade receivables, it said.
        46 words
    • Article
      Lock icon M1’s Q2 profit up 5% to $42.8m
      601 7  -  Higher mobile and broadband revenue helps offset increase in handset costs By WINSTON CHAI M1’s second-quarter net profit grew 5 per cent to $42.8 million, from $40.8 million a year earlier as higher mobile and broadband revenue helped offset a continued increase in
      601 words
    • Article
      Lock icon Ezra’s associate firm EOC eyes second listing in Asia
      354 9  -  Oil gas engineering services company to study Singapore, HK or Taiwan as options Reports by LYNN KAN AN associate company of Ezra Holdings, EOC, is eyeing a second listing in Asia and will consider Singapore, Hong Kong or Taiwan as options.
      354 words
    • Article, Illustration
      Lock icon ICTSI mulls over Portek options after Mitsui offer
      282 9 Reuters [MANILA] The Philippines’ International Container Terminal Services Inc (ICTSI) said yesterday it was studying its options on its takeover bid for Singapore’s Portek International Ltd after Japan’s Mitsui Co gave a higher offer. Mitsui said on Wednesday it had an agreement
      Reuters; AFP  -  282 words
    • Article
      Lock icon Sembcorp Marine unit wins $600m contract
      188 9  -  By CARINE LEE SEMBCORP Marine’s subsidiary SMOE has secured a $600 million contract in offshore Myanmar to construct an integrated processing and living quarters platform for PTTEP International Limited’s Yangon branch. As a reputed leading turnkey contractor in the oil and gas industry, SMOE
      188 words
    • Article
      Lock icon Ezra’s subsea order books swell; Q3 profit dives 75%
      357 9 Aker Marine helps company’s revenue hit record US$165m EZRA Holdings’ newly added subsea division held both good news and bad for shareholders. On the one hand, Ezra’s subsea capabilities through its Aker Marine Contractors (AMC) have beefed up its subsea order
      357 words
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      169 6 Up£P oo, 800 SUPER HOLDINGS LIMITED (Company Registration No. *****8701K) (Incorporated in the Republic of Singapore on 11 April 2011) To all our investors and the professional teams who have made 800 Super Holdings Limited's IPO a resounding success Thank You We are proud to be listed on SGX-Catalist From
      169 words
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      91 7 c nnect 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 touch with
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Soft session as liquidity drops
      638 8  -  Turnover goes below $1 billion as brokers report little client interest; STI ends barely changed STOCKS R SIVANITHY Senior Correspondent INTEREST levels and liquidity remained low yesterday as traders tried to position themselves to take advantage of any news of European or US official rescues.
      Source: Bloomberg  -  638 words
    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 8 DAILY
      4 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 8 Jul 14 VALUE CLOSE BT OB/OS -321.00-221.00 BT CADI -*****.00 -80.00 BT 10-day MA -*****.00 -33.00 FTSE ST Mid Cap 741.90 -1.53 FTSE ST Small Cap 514.01 -1.26 FTSE ST All Share 755.27 -0.31 FTSE ST China Top 247.52 -1.24 FTSE ST China 284.15 -1.17 FTSE ST
      65 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      57 8 VOLUME Golden Agri 84,459,000 PSL Hldgs 59,658,000 SingTel 25,235,000 NexGenSCom 24,977,000 Genting SP 23,393,000 TopGlobal 22,637,000 TigerAir 22,375,000 Armarda 21,000,000 Digiland 18,740,000 Pac Andes 18,455,000 VALUE($) SingTel 80,886,190 GLD 10US$ 65,186,776 Golden Agri 59,438,960 CapitaLand 48,423,614 Genting SP 43,644,565 Noble Grp 33,299,300 DBS Grp 28,594,130 PSL Hldgs
      57 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 6 5 0 0 0 4 6 5 Manufacturing 37 70 38 4 4 10 41 74 48 Commerce 18 16 19 5 3 3 23 19 22 Tpt/Stor/Comms 7 21 13
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon Fraser and Neave
        440 8 July 14 close: S$5.84 DBS Group Research, July 14 FRASER Neave (F&N) management met over 40 buy-side fund managers and analysts at our Pulse of Asia conference last week. The focus was on its F&B business, especially its growth initiatives for the medium and longer term. In
        Source: Bloomberg  -  440 words
      • Article
        Lock icon Ezion Holdings
        348 8  -  Compiled by LYNN KAN July 14 close: S$0.69 Kim Eng Research, July 14 EZION continues to develop its liftboat business with two project-spe-cific contracts in the last three months and the ongoing delivery of its newbuilds. Its improved capital structure allows it to take full advantage of the
        348 words
      • Article
        Lock icon Glossary:
        135 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
        135 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 29,548 29,548 45,995 45,995 Manufacturing 172,536 23,559 196,095 130,175 304 130,479 Commerce 115,425 4,121 119,546 91,054 382 91,435 Tpt/Stor/Comms 130,756 4,371 135,127 204,154 511 204,665 Finance 9,179 9,179 85,301 85,301 Construction 75,433 37,569 113,002 30,333
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 8 Stock name Close Change CapMallsAsia 1.450 -0.005 CapitaLand 2.930 -0.020 CapitaMall 1.910 +0.015 CityDev 10.470 -0.080 ComfortDelGro 1.415 -0.010 DBS Grp 14.700 -0.010 F&N 5.840 +0.040 GLP 2.010 +0.015 Genting SP 1.860 -0.005 Golden Agri 0.700 +0.005 HK Land 6.730 -0.070 JMH 54.700 +1.360 JSH 30.500
      112 words
    • Article, Illustration
      Lock icon Dollar volatile after Moody’s debt warning
      445 8 CURRENCIES AFP [TOKYO] The US dollar saw volatile trade in Asia yesterday after Moody’s ratings agency threatened the US with a downgrade and as the US Federal Reserve chief indicated further stimulus action was possible. In choppy trade, the dollar swung above and below
      AFP; REUTERS  -  445 words
    • Article
      Lock icon RISES
      108 8 BY CENTS CLOSE UP DBXT DBLCI-OY 5US$ 4280 248.2 5.0 GLD 10US$ ***** 216.6 1.2 JMH 5470 165.5 2.5 DBXT Nifty 10US$ ***** 158.2 1.0 DBXT E50 10US$ 4247 119.2 2.4 DBXT MSAsExJp 10US$ 3400 40.2 1.0 CIMBAsean40 100US$ 1085 37.7 2.9 DBXT FTChina25 10US$ 3071 36.5 1.0 JSH
      108 words
    • Article
      Lock icon FALLS
      118 8 BY CENTS CLOSE DOWN DBXT iBoxxSvEu 5US$ *****-119.2 -0.4 Jardine C&C 4557 -43.0 -0.9 IS MSCI Spore 1368 -31.6 -1.9 Lyxor EasternEurope1 607 -17.0 -2.3 Venture Corp 811 -12.0 -1.5 DBXT MSEmerAsi 10US$ 404 -11.0 -2.2 Elec Eltek 381 -11.0 -2.3 HK Land 673 -8.5 -1.0 CityDev 1047 -8.0
      118 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      155 9 WHERE LIVE ACTION MEETS HIGH FASHION 16™ EMIRATES SINGAPORE DERBY Singapore Racecourse Sunday, 17 July 2011 One of the most fashionable and prestigious races in the region, the Emirates Singapore Derby has always been the event to look forward to. This year, the Singapore Turf Club and Emirates invite you
      155 words
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      44 words
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  • SINGAPORE NEWS
    • Article
      Lock icon DPM Teo sees scope for more tie-ups with M’sia
      354 10  -  Co-located customs facility at Woodlands officially launched By NISHA RAMCHANDANI THE co-located Singapore and Malaysia Customs, Immigration and Quarantine (CIQ) facility at the Woodlands Train Checkpoint (WTCP) was officially launched yesterday morning, serving as a testament to the new possibilities for
      354 words
    • Article, Illustration
      Lock icon HDB launches 3,600 BTO flats for sale
      288 10 THE Housing Development Board (HDB) rolled out a bumper crop of new flats yesterday around 3,600 units across seven build-to-order (BTO) projects to meet demand for public housing. The projects are in Sengkang, Tampines, Jurong West, Bukit Panjang and Yishun. HDB had planned
      288 words
    • Article
      Lock icon Eli Lilly teams up with HCL to open innovation lab in S’pore
      532 10  -  It will help pharma firm leverage IT to boost efficiencies By AMIT ROY CHOUDHURY PHARMACEUTICALS giant Eli Lilly has teamed up with HCL Technologies to open a co-innovation lab in Singapore for developing new technologies and improve operational
      532 words
    • Article
      Lock icon S’pore, Saudi Arabia sign double tax avoidance deal
      270 10 SINGAPORE’S bilateral economic ties with the Kingdom of Saudi Arabia (KSA) are set to expand, with a new comprehensive Avoidance of Double Taxation Agreement (DTA). The DTA, which came into force on July 1, provides a range of new tax benefits, with
      270 words
    • Article
      Lock icon Outsourcing is an answer to major HR challenges: survey
      308 10 ALMOST 80 per cent of HR executives polled across the Asia-Pacific region including Singapore are now considering outsourcing as a solution to key HR challenges. The survey was commissioned by HR outsourcing and recruitment firm Talent2. Polling 576 senior level executives
      308 words
    • Article
      Lock icon RWS to hold job fairs in the heartlands
      272 10 RESORTS World Sentosa (RWS) will soon be going to the heartlands to hold job fairs, with more than 700 vacancies up for the taking. This move aims to fill new vacancies at RWS, as well as respond to requests from Singapore jobseekers
      272 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon NTUC raises $10.2m for low-income workers
        84 10 THE labour movement concluded the year’s fund-raising efforts, garnering $10.26 million for NTUC U Care Fund in support of low-income workers. NTUC U Care Fund reaches out the low-income members and families through assistance programmes such as U Stretch vouchers, U Care Back-to-school vouchers,
        84 words
      • Article
        Lock icon Two NUS schemes for student sportsmen
        72 10 THE new National University of Singapore (NUS) sports scholarships and enhanced NUS sports grants will allow NUS student-athletes to pursue sporting and academic excellence. Starting in the academic year of 2011-2012, these two schemes will provide financial support to deserving students. NUS will set
        72 words
      • Article
        Lock icon George Yeo to join LKY School of Public Policy
        46 10 FORMER foreign affairs minister George Yeo will join the Lee Kuan Yew School of Public Policy as a visiting scholar, reported Channel News Asia yesterday. This will be for a three-year term, starting in August this year.
        46 words
  • Page 10 Advertisements
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      36 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Yen’s movement ‘doesn’t reflect fundamentals’
      735 11 Japanese finance minister says he will continue to closely watch markets Reuters [TOKYO] Japanese Finance Minister Yoshihiko Noda warned yesterday that recent yen strength does not reflect economic fundamentals, escalating a verbal campaign to cool the rising yen although traders saw little immediate chance that
      Reuters; REUTERS  -  735 words
    • Article
      Lock icon NZ’s Jan-March growth fastest in more than a year
      334 11 Reuters [WELLINGTON] New Zealand’s economy grew at its fastest pace in more than a year in the March quarter as it shrugged off a devastating earthquake, raising bets the central bank may start hiking interest rates earlier than expected and powering
      Reuters  -  334 words
    • Article
      Lock icon Swiss firms tweak work and pay rules to deal with a surging franc
      655 11 Currency is having a brutal impact on exporters, says manufacturers’ lobby group Bloomberg [ZURICH] Swiss companies are taking matters into their own hands as the central bank shows little willingness to weaken the franc after it surged
      Bloomberg  -  655 words
    • Article
      Lock icon British banks see flaws in retail ring-fence plan
      644 11 Reuters [LONDON] Britain’s top lenders said proposals to make them ring-fence their retail banking arms from their investment banks had major flaws and would be far too costly. Barclays said the benefit of a retail ring-fence is “marginal at best” and would
      Reuters  -  644 words
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      132 11 emirates.com/sg Take a break from your break. Fly Emirates beyond Dubai and enjoy a complimentary hotel stay. Travel in style to over 100 destinations with Emirates and arrive feeling rested and rewarded, with a relaxing complimentary break in one of Dubai's mosr luxurious hotels. It's the perfect getaway from your
      132 words
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Indonesia may curb use of subsidised fuel
      464 12 Key rates may have to rise to counter inflation after such move: economists Reuters [JAKARTA] Indonesia’s government may ban private vehicles from using subsidised fuel after the Islamic festive season of Eid al-Fitr at the end of August, a move that would limit
      Reuters  -  464 words
    • Article
      Lock icon Police did tear-gas two hospitals in KL: Doctors
      453 12  -  The group of 11 health professionals is ready to provide sworn affidavits By PAULINE NG in Kuala Lumpur ALREADY heavily criticised for its aggressive handling of a rally for electoral reforms last Saturday, the Malaysian government was put under further pressure yesterday
      453 words
    • Article, Illustration
      Lock icon M’sia inflation may have hit 3.8% in June
      433 12 Bloomberg [KUALA LUMPUR] Malaysia’s inflation likely rose to a 28-month high of 3.8 per cent in June after the government authorised an increase in power tariffs, the Malaysian Institute of Economic Research said. This may spur the central bank to raise interest
      Bloomberg; BLOOMBERG  -  433 words
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      82 12 r> O Namiki y n mi ,'SiimMifi A New Destination for Artistry Luxury :A x* iv* A ?St SSX Congratulations to Elephant Coral on the opening of your new boutique at Mandarin Gallery #03-03,333A Orchard Road Nature's poetic beauty, richly captured for eternity in the Yukari Rollerball collection. Hand painted
      82 words
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      Lock icon Page 12 Advertisements Column 2
      212 12 SPREAD THE LOVE DAZZLE A r Cbllsr r a\* it v, 9 -> N Extend your love through Friendship and Hope, the theme for ChildAid 2011 an annual charity concert in aid of The Straits Times School Pocket Money Fund and The Business Times Budding Artists Fund. If you are
      212 words
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  • INDIA
    • Article
      Lock icon India inflation pick-up could fuel rate hike
      621 13 Policy tightening may come despite signs of slowing economic growth Reuters [NEW DELHI] Indian inflation quickened in June, driven by higher prices of manufactured goods and fuel, adding pressure on the central bank to raise rates at its policy review later this month
      Reuters  -  621 words
    • Article, Illustration
      Lock icon India seeks those responsible for blasts
      455 13 AP [MUMBAI] Indian police are looking into “every possible hostile group” in their search for the culprits behind the triple bombing in the heart of Mumbai that killed 17 people and wounded 131 others, the country’s top security official said yesterday. The attacks were
      AP; AFP  -  455 words
    • Article
      Lock icon Interest rate rise hits debt ratings of Indian companies
      486 13 Bloomberg [MUMBAI] Debt ratings for Indian companies are being cut at the fastest pace since 2009 as a record increase in rupee interest rates and a slowing economy add to the risk of defaults. ICRA Ltd, the local unit of Moody’s
      Bloomberg  -  486 words
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      123 13 The Leading Global Finance Master Degree Program I m m nn Master of Science in mm Global Finance A ground-breaking one-year, modular, executive-format master degree program jointly developed by the HKUST Business School and NYU Stern School of Business, the MSGF Program takes the latest insights from Wall Street and
      123 words
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  • WORLD
    • Article, Illustration
      Lock icon Italian borrowing costs jump in bond sale
      571 14 It raises 4.96b euros, but investors demand sharply higher interest rates AP Reuters ters, Bloomberg [MILAN] Italy’s borrowing costs jumped higher in a bond sale yesterday, only hours before the Senate voted through an austerity package that is key to convincing investors the
      AP; Reuters; ters,; Bloomberg; BLOOMBERG  -  571 words
    • Article
      Lock icon Fitch gives Greece world’s lowest rating
      614 14 Bloomberg [ATHENS] Greece’s credit rating was cut three levels to Fitch Ratings’ lowest grade for any country in the world as the company followed rivals and said that a default is a “real possibility”. The move to CCC from B+ “reflects the absence of
      Bloomberg  -  614 words
    • Article, Illustration
      Lock icon Traders see little chance of Greece avoiding default
      836 14 Bloomberg [LONDON] Greece has about a one in 10 chance of sidestepping default, according to credit traders who are betting the country will be crippled by US$490 billion of debt more than US$40,000 for every man, woman and child. Investors who bought
      Bloomberg; REUTERS  -  836 words
    • Article, Illustration
      Lock icon A Greek tragedy unfolds in three generations
      1093 15 Ex-PM Andreas Papandreou increased the country’s debt from 20% of GDP when he took power to more than 80% NYT [ATHENS] In a sun-drenched room at the foundation here that is named for his father, Nick Papandreou pondered the task confronting his older
      NYT; AP  -  1,093 words
    • Article, Illustration
      Lock icon Retail sales remain flat in June
      503 16 Demand for cars up; producer prices post steepest decline in 17 months LATEST US DATA Bloomberg Reuters AP [WASHINGTON] Sales at US retailers stagnated in June as rising unemployment held consumers back. The Commerce Department reported a 0.1 per cent increase in retail sales.
      Bloomberg; Reuters; AP; BLOOMBERG  -  503 words
    • Article
      Lock icon Unfinished Jane Austen manuscript fetches £1 m
      164 16 AP [LONDON] An unfinished early Jane Austen manuscript sold at auction in London yesterday for almost £1 million (S$2 million), triple its highest pre-sale estimate. The draft of The Watsons sold for £993,250. The price includes a buyer’s premium. The auction house said
      AP  -  164 words
    • Article
      Lock icon JPMorgan’s Q2 net income climbs 13% to US$5.43b
      600 16 Investment-banking profit surges 49%; revenue jumps 7% Bloomberg [NEW YORK] JPMorgan Chase Co, the sec-ond-largest US bank, said net income rose 13 per cent, higher than analysts estimated, as invest-ment-banking profit surged 49 per cent and more customers paid credit cards on
      Bloomberg  -  600 words
    • Article, Illustration
      Lock icon QE3 seen a bigger risk to region than a US ratings downgrade
      559 16 Reuters [MANILA] The prospect of a US ratings downgrade due to a debt default could see extra funds flow to South-east Asia for a short time, but the bigger risk is that a new round of quantitative easing
      Reuters  -  559 words
    • Article, Illustration
      Lock icon Global food inflation returns after brief respite
      698 17 Grain price run-up resumes following June’s sell-off as supplies stay tight Reuters [CHICAGO] Red-hot food inflation that has vexed policy makers around the world seemed to have taken a breather last month, when corn and wheat prices tumbled on reports that crop shortages
      Reuters; BLOOMBERG  -  698 words
    • Article, Illustration
      Lock icon Diageo shifts focus to growing markets
      743 17 NYT [LONDON] Baijiu, a popular Chinese spirit known for its harsh and fiery kick, might not be everyone’s preferred drink, but the management at Diageo liked it so much that it pursued a takeover of a baijiu maker in China for two years. When
      NYT; BLOOMBERG  -  743 words
    • Article
      Lock icon Lots of deals available for 2012 Olympics
      476 17  -  30,000 contracts still to be awarded for London Games By LEE U-WEN [SINGAPORE] While there is just over a year to go before the London Olympics gets underway, there are still some 30,000 business contracts to be awarded in the coming months as
      476 words
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      42 14 JERRY LUM ra Snr Marketing Director, MBA, CES alig HP: 8288 0098 View: jerrylum.myweb.sg ONE Million DiVaARCHULETA 'LIVE' IN KUALA LUMPUR TORE m TO OI.OFM OR too OOTO HKH.RA0I0013.C0K TOR MORE OETAIIS OFFICAL RADIO STATION 91.3FM TODAY'S BEST MUSQC J SONY MUSIC
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      63 14 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 9693-0266 or email tabla@sph.com.sg Pacify the Raging Bull Call
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  • Page 15 Advertisements
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      Lock icon Page 15 Advertisements Column 1
      1098 15 casakidi.com Asia’s Largesti’ Children FurnishingChildren Furnishin Display Centre Viewing Byii Appointment!itt! *************** Callall *****000 Call A HERSING COMPANY Our 25,000 sq ft display centre features over 100 bedroom sets with thrilling themes like Naval Adventure, Racer Car or Princess Castle and a complete range of furniture and accessories for newborns
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  • Page 16 Advertisements
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      Lock icon Page 16 Advertisements Column 1
      1555 16 i P c Toll free: 1800-289-8822 Email: notices@sph.com.sg NOTICES FORM 69 (3) (Rule 91) NOTICE OF INTENDED DIVIDEND IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF BEXCOM SOUTHEAST ASIA PTE LTD (IN LIQUIDATION) COMPANY REGISTRATION
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      Lock icon Page 16 Advertisements Column 2
      451 16 THE COMPANIES ACT, CAP. 50 INTER-ORIENT MARINE PTE LTD (In Vol. Liquidation) Co. Reg. No. *****3040M NOTICE IS HEREBY GIVEN that the creditors of the above-named Company which is being voluntarily wound up are required on or before the 16th day of August, 2011 to send in their names and
      451 words
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  • Page 17 Advertisements
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      2120 17 Z-Obee Holdings Limited (incorporated in Bermuda with limited liability) (Hong Kong Stock Code: 948) (Singapore Stock Code: D5N) website: http://www. z-obee. com NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of Z-Obee Holdings Limited (the “Company”) will be held at 33/F., 9 Queen’s
      2,120 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon After the euphoria, a little perspective
      491 18 EDITORIAL GIVEN the series of shocks this year (both natural and fiscal) that have given pause to even the most upbeat of economic forecasts, it’s perhaps inevitable that initial reservations about the sustainability of the global growth momentum early in 2011 have given way
      491 words
    • Article, Illustration
      Lock icon Complexity mars huge oil contracts in India
      812 18  -  THE BOTTOM LINE YOGI AGGARWAL The writer is a Mumbai-based journalist who contributes regularly to BT TWO big foreign investment deals are nearing completion in India. Both are in the petroleum sector, involve large established players and have contentious issues that have not
      812 words
    • Article, Illustration
      Lock icon Not much visible on the horizon for M’sia yet
      1130 18  -  Its march towards a high-income country and mature political system looks like a long one By G SIVALINGAM The writer is visiting senior research fellow at the Institute of Southeast Asian Studies (ISEAS) in Singapore MALAYSIA has been identified by Nobel
      BLOOMBERG  -  1,130 words
    • Article, Illustration
      Lock icon How it became Boehner’s Dilemma
      1598 19  -  Making a deal on the US debt ceiling is easier said than done as both parties play a game of political one-upmanship LEON HADAR Washington Correspondent ANYONE who has taken an introductory course in one of the social sciences is probably familiar with one of
      AFP  -  1,598 words
    • Article, Illustration
      Lock icon Cloud technology’s on the horizon for Singapore
      712 19  -  By SAM BAXENDALE The writer is divisional manager of Ambition, Technology, Singapore. Ambition specialises in the recruitment of technology professionals CLOUD technology has been the subject of much recent debate and so, with many differing opinions on the loose, we should start with
      AP  -  712 words
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  • SHIPPING/AVIATION
    • Article, Illustration
      Lock icon Pirates more violent but less successful
      400 20 Taking higher risks, they attack more ships in H1 of 2011 than ever before Reuters [LONDON] Piracy attacks on the world’s shipping rose by a third in the first half of this year and became increasingly violent, with pirates using machineguns, grenade launchers and
      Reuters; REUTERS  -  400 words
    • Article
      Lock icon AIRCRAFT ARRIVALS AND DEPARTURES
      3322 20 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi SQ457 1300 SQ456 1245 EY470 2220 NH6370 2220 VA7470 2220 Adelaide LH9771 1745 9W4082 2225 SQ278 1745 AF8088 2225 VS7278 1745 AY5011 2225 --BA7382 2225 JL7893 2225 MU8439 2225 QF82 2225 --LH9770 2350 SQ279 2350 VS7279 2350 Amsterdam LO4031
      3,322 words
    • Article
      Lock icon Rolls Royce wins anchor handling systems deal
      123 20 [SINGAPORE] Rolls-Royce is supplying advanced anchor handling systems to four offshore vessels being built in Singapore. The £50 million (S$98 million) deal was awarded to Rolls-Royce by Swire Pacific Offshore. Rolls-Royce’s handling systems are developed for safer on-deck handling of large anchors like
      123 words
    • Article
      Lock icon TRANSPORT ST0CKS
      278 20 SGX '000 Jul 14 S$ +/-Vol CH Offshore 0.42 unch 10 Chuan Hup Hldg 0.25 0.01 32 Cosco Corp 1.80 -0.02 8105 CWT Ltd 1.30 -0.01 895 Ezra Hldgs 1.49 -0.02 1167 First Ship Lea 0.35 unch 340 Freight Links 0.06 unch 1397 Grand Banks 0.33 unch 10
      278 words
    • Article
      Lock icon Cosco to spend US$12m to protect ships
      283 20 Armed guards to be deployed as pirate threat grows AFP [HONG KONG] Chinese shipping giant Cosco Shipping will spend US$12 million on armed guards and other measures to protect its ships, a report said yesterday, after the UN warned of a growing threat
      AFP  -  283 words
    • Article
      Lock icon SilkAir begins Koh Samui services from Sept 27
      185 20  -  The thrice-weekly flights will take off in the mornings By VEN SREENIVASAN [SINGAPORE] After years of trying, SilkAir, the regional wing of Singapore Airlines, has been granted the right to operate flights between Singapore and the Thai resort island of Koh Samui.
      185 words
    • Article
      Lock icon US airports still not secure enough: congressman
      549 20 AP [WASHINGTON] US airports are still vulnerable to terror attacks, despite billions of dollars invested in security enhancements since the Sept 11, 2001 attacks, a Republican congressman said here on Wednesday. Representative Jason Chaffetz led an inquiry into what he described as the
      AP  -  549 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      8262 21 Transaction date: Jul 14 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 15 100 14.1 16 7.8 4.1 3.1 71.8 12 4.5 A-Sonic 7 -0.3 70 7 7 6.9
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    • Article
      Lock icon SGX CATALIST
      1559 22 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 5.5 4 t AA Grp 4 3.7 4.2 19 3.9 202 139 t APStrategic 139 126 144 82.5 1.5 0.2 t Advanced System 0.3
      1,559 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      9951 22 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.38/ APS Alpha Fund (USD)!** 1.13/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.7/ Aberdeen Asset Mgt Asia Limited American Opp 0.642/ Asian Credit Fund
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    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      75 23 As on 13 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 1577.7 1570.2 1573.6 1549.2 Silver Cash Sep-11 36.57 36.57 36.57 35.78 CURRENCY Aust-US Dollar Sep-11 1.0574 1.0574 1.0574
      75 words
    • Article
      Lock icon GLOBALQUOTE
      231 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A43 43.5 50 3.6 8.1 3.4 112 55 18.5 Genting HK US$ US39 unch 4582 39.5 38.5 39 39.5 2568 21 10 OGL Resources
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    • Article
      Lock icon SGX ETF
      917 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 115.5 +2 20 115.5 115.5 113.5 116 527.2 1207 872 CIMBAsean40 100US$ US1085 +31 89 1086 1073 1068 1089 43.4
      917 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      374 23 In local curr In S$ In US$ dy yr dy yr dy yr Jul 13 Index Change Change Change Change Change Change World Index Preliminary 909.5 0.9 1.3 0.8 -1.4 1.5 3.6 EAFE Preliminary 775.0 0.6 -3.2 1.0 -3.7 1.7 1.3 Europe Preliminary 1142.7 0.7
      374 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      77 23 CRUDE OIL PRODUCTS Jul 13 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 118.64 2.09 WTI (Near Mth) 97.89 0.92 Dubai (1-Mth F) 111.71 2.07 Tapis blend 123.11 2.07 Minas 119.31 2.07 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.83 1.72 Jet Kerosene 130.00 1.70 US$/barrel Opec Oil
      77 words
    • Article
      Lock icon CHICAGO BOT
      107 23 Jul 13 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 11 1387.00 1366.50 1392.75 1361.00 Aug 11 1374.75 1355.50 1382.50 1353.00 Sep 11 1374.75 1355.00 1381.75 1351.75 Nov 11 1379.75 1358.25 1387.00 1355.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 11 57.45
      107 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      81 23 Jul 14 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 13.10.2011 0.30 1-Year BY*****X 02.05.2012 0.40 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.8 103.83 103.83 5-Year N*****0W 1.125 01.04.2016 101.81 101.89 101.85
      81 words
    • Article
      Lock icon SGX DERIVATIVES TRADING
      457 23 Jul 14 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6100 0 5582 Dec11 99.5100 0 3477 Mar12 99.4750 0 1668 Jun12 99.4100 0 464 EUROYEN TIBOR FUTURES Sep11 99.6625 0 1332 Dec11 99.6600 0 1392 Mar12 99.6525 10 1823 Jun12 99.6450 0 1374 Sep12 99.5800
      457 words
    • Article
      Lock icon SICOM FUTURES
      160 23 Jul 14 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 8 171 Sep 11 472.0 469.0 470.0 11 386 Oct 11 474.0 468.0 470.0 25 410 Nov 11 478.0 468.0 474.5 42 363 Dec
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 23 As at 9am Jul 14 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.354 1.278 Can dollar 1.294 1.245 Euro 1.766 1.699 Sterling pound 2.005 1.928 NZ dollar 1.062 1.012 US dollar 1.235 1.188 Local dollars to 100 units of foreign
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    • Article
      Lock icon STOCK INDEX FUTURES
      27 23 Jul 14 Open High Sett STI Jul 3088 SIMSCI Jul 358.7 360.1 358.4 Taiwan Jul 294.7 297.1 295.5 Source: MF Global (S) Pte Ltd
      27 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      2521 23 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 25.5 1 150 26 5.45 34 ASJ Hldgs W*****1 0.6 1 4 10 7.00 7 AlliedTech W*****2 1.9 1 4 28 Asia Water Tech Ltd W*****8 2.5 -0.4
      2,521 words
    • Article
      Lock icon INTERBANK RATES
      177 23 Jul 14 $S Offer Bid 0vernight 0.02 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.06 US$ Offer Bid 7 days 0.25 0.15 1 month 0.28 0.18 2 months 0.35 0.25 3 months 0.42 0.32 6 months 0.54 0.44 9 months 0.75 0.50 12
      177 words
    • Article
      Lock icon INTERBANK CROSS RATES
      462 23 Jul 14 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.030 6.936 0.756 8.369 47.824 91.723 0.849 11.368 3.227 1.272 92.222 46.111 1.307 7.358 0.876 30.957 32.368 0.667 1.074 Canada 0.971 6.734
      462 words
    • Article
      Lock icon SIBOR
      85 23 Jul 14 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 23 Jul 14 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3060 1.3086 1.0735 1.0747 Canadian dollar 1.2686 1.2699 1.0428 1.0430 Euro 1.7271 1.7292 1.4196 1.4202 NZ dollar 1.0272 1.0286 0.8443 0.8448 Sterling pound 1.9590 1.9612 1.6102 1.6107
      154 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 23 Jul 14 S$ Bid Offer 1-month 1.2165 1.2176 2-months 1.2165 1.2175 3-months 1.2164 1.2174 6-months 1.2158 1.2168 Source: OCBC
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    • Article
      Lock icon PRECIOUS METALS
      139 23 Jul 14 GOLD (US$/oz) Jul 13 Jul 14 Hong Kong 1573.00 1584.80 Jul 12 Jul 13 London 1551.26 1587.11 1552.04 1587.88 Source: Thomson Reuters CAST BAR Jul 14 (S$) Selling Buying Kilobar "66,628.90" ***** PAMP GOLD BARS (S$) Selling Buying 1gm 149 62 5gm 424 311 10gm 757
      139 words
    • Article
      Lock icon LONDON METALS
      69 23 Jul 13 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2481.75 2461.50 3 months 2513.00 2492.00 Copper, Grade A (US$/tonne) Cash 9628.25 9629.00 3 months 9650.00 9650.00 Lead (US$/tonne) Cash 2689.00 2723.50 3 months 2701.00 2732.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
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    • Article
      Lock icon LIFFE
      82 23 Jul 13 COCOA (£/tonne) Close Prev High/Low Jul 11 1950 1909 1961/1911 Sep 11 1986 1936 2015/1935 Dec 11 2017 1965 2044/1967 Mar 12 2035 1982 2058/1985 COFFEE (US$/tonne) Close Pev High/Low Jul 11 2281 2241 2295/2268 Sep 11 2331 2291 2344/2292 Nov 11 2360 2319 2370/2321 Jan 12
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    • Article
      Lock icon PALM OIL
      65 23 Jul 14 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 11 3110 3120 3120 3110 10 1181 Aug 11 3121 3145 3147 3115 1078 ***** Sep 11 3117 3144 3145 3109 ***** ***** Oct 11 3114 3141
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  • Article
    Lock icon SHIPPING TIMES
    5506 24 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination JIMRISE Muscat/Sharjah/Doha/Dammam JIMFLUSH
    5,506 words
  • Page 24 Advertisements
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  • Page 27 Advertisements
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      Lock icon Page 27 Advertisements Column 1
      380 27 W Master Chef Lai Tong Ping presents artistic fruity creations, with prices from $12 for a la carte menu and set menus from $68 per person. Expect refreshing treats such as Pan-fried Foie Gras with Watermelon, Sauteed Prawns with Strawberries and Chilled Crystal Jelly with Fresh Apples. Available for lunch
      380 words
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  • Page 28 Miscellaneous
    • Miscellaneous
      Lock icon Page 28 Miscellaneous Column 1
      304 28 CRYPTIC CROSSWORD Across 1 Government soldier in Engineers (6) 4 Snake enraged, it starts hissing (8) 9 Buffalo Bill engages first person in entertainment (6) 10 Public school’s disadvantage (8) 11 Coaches affected airs and graces endlessly (9) 13 Lean back keeping good and evil figuratively (5) 14 Have nothing
      304 words
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  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      145 29 HUNGR ssrs -THEASCOTT Make Yourself at Home LIMITED A Member of CapitaLand Take time to unwind, for a few nights or more. Being away doesn't mean you have to miss the comforts of home. Feel free to stock up the fridge and indulge your kids with their favourite snacks. In
      145 words
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  • executive lifestyle
    • Article, Illustration
      Lock icon SERVING UP MERGERS & INNOVATIONS
      2176 32  - SERVING UP MERGERS INNOVATIONS The unforgiving playing field of the F&B industry, crowded with Michelin-starred chefs and a small market of diners with no loyalties, is prompting home-grown players to gird their loins for a major battle, reports GEOFFREY EU reports GEOFFREY EU NOW that eating out in Singapore has
      PHOTOS: KINKI RESTAURANT + BAR  -  2,176 words
    • PURSUITS
      • Article, Illustration
        Lock icon Half musical, half concert
        737 26  -  The Music of Andrew Lloyd Webber may lack the full-on spectacle of the actual musical but nevertheless offers a mixed bag of much-loved ditties, reviews CHRISTOPHER LIM reviews CHRISTOPHER LIM FOR many people, attending a full-blown musical is like buying a CD a few songs are
        737 words
      • Article, Illustration
        Lock icon Robot derring-do
        584 26  -  GAMING REVIEW By CHRISTOPHER LIM IN light of director Michael Bay’s penchant for spinning turgidly inconsistent Transformers movie plots, there’s a particularly pressing demand for games that help to explain his movies. Transformers: Dark of the Moon shares the same name as the movie that’s been topping box-office
        584 words
      • Article, Illustration
        Lock icon Sweet on upbeat fare
        594 26  -  CD REVIEWS By CHRISTOPHER LIM XIN YAO or Singapore songs remain Singapore’s most distinctive Chinese music movement. One music label, Ocean Butterflies, exemplified the Mandarin folk-pop movement in the 1980s and 1990s and on June 25, the label celebrated its 25th anniversary with a concert featuring
        594 words
    • WINE
      • Article, Illustration
        Lock icon Bounty of Bordeaux
        1314 27  -  From the classic Chateau Latour to the regal Chateau Ausone, Bordeaux 2010 wine tastings proved a horn of plenty, writes N K YONG writes N K YONG THE Bordeaux 2010 en primeur campaign drew to a protracted close at the end of June when Chateau Latour announced
        NK YONG  -  1,314 words
    • ARTS
      • Article, Illustration
        Lock icon On the right track
        548 28  -  By TAM YU LING LONG before the last train pulled out of the Tanjong Pagar railway station, conservation enthusiasts Kwek Leng Joo and Ong Kim Seng were already planning to conserve the memories of the iconic landmark. The result is Tracking Memories a photography and art
        548 words
      • AROUNDTOWN
        • Article, Illustration
          Lock icon Simplicity which belies rich symbolism
          179 28 WHEN you look at Korean artist, Lee Kiyoung’s works (right), they might not make sense at first glance. But a deeper look reveals that behind the simplicity of the works, is a rich symbolism of his view on life that beauty unfolds slowly, yet gloriously.
          179 words
        • Article
          Lock icon Using art to green the world
          187 28 Home appliance manufacturer, Electrolux, is going green, and using art to encourage families to follow suit. As an award-winning innovator of eco-friendly domestic appliances, Electrolux is holding an art competition for children under 12, where children are invited to create two-dimensional visual art pieces
          187 words
        • Article
          Lock icon Choreography competition now open to public
          158 28  -  Compiled by NATALIE KOH Entering its third year, SPROUTS 2011, a national platform for budding choreographers, is on this month, opening its preliminary rounds for everyone, free of charge, in an effort to engage the public in this showcase of dance choreographers’ talents. Organised
          158 words
      • Article, Illustration
        Lock icon Kids’ theatre grows up
        1207 28  -  Theatre companies, already swamped with pending productions, can barely keep up with the demand from parents for quality shows for their children, reports NATALIE KOH reports NATALIE KOH THIRTY years ago, kids did not figure in local theatre. There were barely any professional theatre companies then,
        1,207 words
      • Article, Illustration
        Lock icon History takes off on wing’d flight
        757 30  -  Chinese-Australian artist Guan Wei, who descends from Manchu nobility, is drawn to distinctly Qing Dynasty vignettes, writes CHEAH UI-HOON writes CHEAH UI-HOON HISTORY and migration may be heavy-going topics but not when they’re tackled with a light touch by Chinese-Aus-tralian artist Guan Wei. That’s
        757 words
      • Article, Illustration
        Lock icon En pointe with a Filipino flourish
        514 30  -  By NATALIE KOH BALLET Under The Stars is back for the 17th consecutive year but with a foreign touch. Joining the Singapore Dance Theatre (SDT) for the annual outdoor dance event this year is Ballet Manila, one of the most popular classical ballet institutions
        DENNIS NG  -  514 words
      • Article, Illustration
        Lock icon Anita is raring to go
        590 30  -  By NATALIE KOH SHE may have left Singapore to perform in Las Vegas for 18 years, but Anita Sarawak has not disappeared from the radar of Singaporeans. Into her 46th year in show business, she is arguably one of Singapore’s most mousartistesand,atage59,isn’tstopping any time soon.
        590 words
      • Article, Illustration
        Lock icon Turning dance on its head
        484 30  -  By LYNN KAN HIGH-tech joined hands with Baroque romantic when the Netherlands Dance Theatre troop took to the Esplanade stage last weekend. It was a double-bill cleverly designed to wow the audience with the company’s deft ability to leap from the hard-edged Memoires d’Oubliettes to
        NEDERLANDS DANCE THEATRE  -  484 words
    • FESTIVALS AROUND THE WORLD
      • Article, Illustration
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