The Business Times, 22 July 2011

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Total Pages: 64
1 16 The Business Times
  • 23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION MICA (P) 138/08/2010 CO REGN NO *****2868E Friday, July 22,2011
    23 words
  • 712 1  -  MAS raises inflation forecast to 4-5% for the year; growth may touch lower end of 5-7% forecast By CONRAD TAN [SINGAPORE] The Monetary Authority of Singapore (MAS) yesterday raised its inflation forecast for this year and warned of significant risks in the
    712 words
  • 551 1 The SIA group of companies leads pack with 3 awards at SCA gala dinner By LYNETTE KHOO [SINGAPORE] In the spirit of transparency, the latest heroes of corporate governance were publicly lauded last night. The honours were heaped upon 30 publiclisted companies and
    ARTHUR LEE  -  551 words
  • 144 1 GST INDEX 3,138.51 (+11.98) G ST INDEX FUTURES 3,137 (+12) G SIMSCI 364.59 (+2.11) G SIMSCI FUTURES 364.60 (+2.40) FOREX US$ S$ US$ (S$ per US$) 1.213 (US$/S$ per 1.617 1.961 EURO (US$/S$/E) 1.424 1.727 Foreign currency per US$ S$ YEN 78.80 65.00 RM 2.994 2.469 HK$ 7.793
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  • Page 1 Advertisements
    • 158 1 EXEC LIFESTYLE Surviving the CD meltdown PAGE 31 WINE Classics of Bordeaux PAGE 35 PROPERTY En bloc sales hit the bumps PAGE Luxe Travel In pursuit of the ultimate vacation Don’t miss this 12-page supplement free with The Business Times today Keep pace with global governance: DPM Teo, Page 4
      158 words
    • 11 1 OPINION Measure of progress beyond GDP PAGES 4 25 *****1 *****4
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  • TOP STORIES
    • 667 2 Inflation on radar, risks to growth rise THE Monetary Authority of Singapore yesterday raised its inflation forecast for this year and warned of significant risks in the world economy that could jeopardise Singapore’s growth. MAS now expects inflation of 4-5 per cent for the whole of this year,
      667 words
    • 754 2  -  PM Lee highlights Republic’s location at crossroads of trade, talent, capital flows By MALMINDERJIT SINGH [SINGAPORE] For the South Asian diaspora, the road to the rest of Asia and the world may run through Singapore. No wonder then
      FILE PHOTO  -  754 words
    • 534 2  -  By LEE U-WEN [SINGAPORE] India should allow imports from all its South Asian neighbours to be duty-exempt as this would both build business confidence among investors and significantly boost trade in the region. This is the view of Tarun Das, former
      534 words
    • 499 2 Its July 11 report caused plunge in some firms’ prices [SINGAPORE] Rating agency Moody’s may face regulatory action in Hong Kong for publishing a report on corporate governance at Chinese companies that sent some of their share and bond prices spiralling. Moody’s published a
      499 words
    • 805 4  -  All nations ought to look at subjective well-being, he says By ANNA TEO [SINGAPORE] As countries worldwide add subjective measures of well-being in tracking progress beyond GDP, Singapore is poised to take the lead in Asia on the subject, says a Singapore
      805 words
    • 648 4  -  Data shows Jan-June successful selling rate at just 51%, versus 65% in Jan-Dec 2010 By FELDA CHAY [SINGAPORE] Home owners keen to sell their property through an en bloc sale were less likely to be successful in the first half
      648 words
    • 577 4  -  DPM Teo says govt committed to strong framework By LYNETTE KHOO [SINGAPORE] Singapore’s corporate governance framework and practices should keep pace with international developments and the government is committed to putting in place a strong framework, Deputy Prime Minister Teo Chee Hean said
      ARTHUR LEE  -  577 words
    • 500 4  - Strong Sing pushes MAS into the red It posts record loss of $10.9b for year ended March 31 By TEH TEH SHI NING [SINGAPORE] The Monetary Authority of Singapore (MAS) posted a record net loss of $10.9 billion for the year ended March 31, 2011, as the strong Singapore dollar
      500 words
    • 362 4  -  By CONRAD TAN [SINGAPORE] The Monetary Authority of Singapore may encourage any systemically important bank here to set up a local subsidiary, though it continues to support the universal branch model, senior MAS officials said yesterday. “If a bank is
      362 words
  • Page 2 Advertisements
    • 28 2 Toto tickets and $10 Packs are available at all outlets. n Z/J "-WON Toda y at dr AW Sales close at 9pm today Visit www.singaporepools.com.sg for details. FJ
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  • Page 4 Advertisements
    • 133 4 Bvl MATS NOTICES In the Matter of The Companies Act, Cap 50 And In the Matter of IONA TECHNOLOGIES PTE LTD (In Members’ Voluntary Liquidation) (Co. Reg. No. *****3886H) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap 50., the Final
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  • Page 5 Advertisements
    • 293 5 1 m I feiH BBHv. S I'TiT Sfl :WI g» < 4?S S 1 1 :.'.s ft i S'M '<1 i?V P i, t V '4 I mm b 1 <v i 1 sP mm k K i|jg !»>•'* l I ''I I BiiBr X®Tl 1 y.iX? /I mmmM li
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  • COMPANY NEWS
    • 573 6  -  Revenue for the quarter dips 3.7% from a restated $2.38b to $2.29b By JOYCE HOOI KEPPEL Corporation posted a 9.3 per cent increase in net profit for the second quarter ended June 30, 2011, from a restated $352.3 million to $384.9 million. Shareholders will
      BLOOMBERG FILE PHOTO  -  573 words
    • 935 6  -  HOCK LOCK SIEW By JAMIE LEE EXCHANGE-TRADED funds (ETFs) are blooming like mushrooms after rain. But their rapid growth and evolution have now prompted some regulators to consider if ETFs are really as safe as so claimed, particularly with the proliferation of ETFs
      935 words
    • 829 8  -  Higher revaluation gains boost results; revenue falls after divestment By KALPANA RASHIWALA CAPITAMALLS Asia is looking at finalising its dual listing on the Hong Kong bourse towards year end. The group is also improving its dividend payout to shareholders this year after
      829 words
    • 313 8  -  Income available for distribution jumps 22.3% to $56.2m By MICHELLE TAN SUNTEC Real Estate Investment Trust’s income available for distribution rose 22.3 per cent to $56.2 million for the second quarter ended June 30. However, distribution per unit (DPU) for Q2 2011 came
      313 words
    • 325 8 MAPLETREE Logistics Trust has achieved net property income of $57 million for the second quarter ended June 30, up 24.6 per cent from a year ago. Distribution per unit (DPU) came in at 1.6 cents, against 1.5 cents a year earlier. Gross revenue for the
      325 words
    • 451 11  -  China emerges as the favoured market among Asia-Pacific investors By CARINE LEE GLOBAL investors have remained broadly cautious on risk assets in July, scaling back positions in eurozone equities and increasing them in every other region including the United States and Asia.
      451 words
    • 301 11  -  By TEO SI JIA BROADWAY Industrial Group Limited posted a 63.9 per cent fall in secondquarter earnings from $10.33 million the year before to $3.73 million. It cited rising labour and manufacturing costs in China as the main cause. Its net profit for the
      301 words
    • COMPANY BRIEFS
      • 61 11 KS Energy has won a contract worth about US$32 million to provide workover and well services over four years. The pact was sealed between PT Petro Papua Energi, one of its drilling-related subsidiaries, and a major oil company operating in Indonesia. The contract
        61 words
      • 64 11 CHINA Great Land Holdings Ltd has issued a profit guidance, warning of losses for the half year ended June 30, 2011. The group said its operating conditions were “more challenging than previously expected”. It cited a slowdown in the Hainan construction market, high costs
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      • 47 11 Reuters SINGAPORE-LISTED Chinese property developer Pan Hong has priced the 300 million offer shares in its Jiangxi-based unit Sino Harbour’s initial public offering at HK$1.10 each. Trading on the Hong Kong Stock Exchange is expected to start today.
        Reuters  -  47 words
    • 365 11  -  Demand for expensive kitchens has risen By STEPHANIE RIADY HIGH end kitchen products purveyor Kitchen Culture Holdings Ltd will soon be expanding rapidly into new markets, particularly in Hong Kong and Indonesia. The company, which already has an established presence in Malaysia and Singapore,
      365 words
  • Page 6 Advertisements
    • 154 6 The Board of Directors, management and staff of Petra Foods Limited congratulate our Group Chief Executive Officer MR JOHN CHUANG ON BEING NAMED BEST CHIEF EXECUTIVE A OFFICER SINGAPORE CORPORATE W AWARDS W in the $300 million to less than $1 billion in market capitalisation category 1 Era CELEBRATING SWEET
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  • Page 7 Advertisements
    • 1007 7 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. Developer has reserved 100 units for sale by end of this year. Overwhelming response in VIP
      1,007 words

  • Page 8 Advertisements
    • 167 8 BUILDING TEAM SPIRIT TOGETHER SOCIETE GENERALE Private Banking PRESENTS ft ft ft ft m Z m 0 J An evening with two world renowned classical maestros who have composed memorable music for hit films like Silsila, Chandni, Lamhe, Darr and others. An evening with Pt. Shiv Kumar Sharma on the
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    • 193 8 < en da ring musia e,i'/)enie/ice that last longer than one llllllll! ilillills lllllllll mmi\ Mwnwn t iimimi .mum i ,i il l dt Bosendorfer is one of the world's oldest piano manufacturers. Rich in tradition, each Bosendorfer is impeccably handcrafted to produce that touching and inspiring sound unique to
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  • Page 9 Advertisements
    • 1288 9 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.
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  • SINGAPORE MARKETS
    • 613 10  -  But index is still 32 pts lower year-to-date despite yesterday’s 12-pt increase STOCKS R SIVANITHY Senior Correspondent THE Straits Times Index (STI) managed to rise for a third consecutive session yesterday, this time by 11.98 points to 3,138.51. This brings its three-day
      Source: Bloomberg  -  613 words
    • 4 10 DAILY
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    • 66 10 Jul 21 VALUE CLOSE BT OB/OS -338.00 +81.00 BT CADI -*****.00 +49.00 BT 10-day MA -*****.00 -34.00 FTSE ST Mid Cap 738.34 +0.69 FTSE ST Small Cap 514.49 +2.24 FTSE ST All Share 764.25 +2.60 FTSE ST China Top 245.02 +0.35 FTSE ST China 284.39 +0.36 FTSE
      66 words
    • 56 10 VOLUME Genting SP 130,262,000 Golden Agri 110,061,000 MDR 71,192,000 NexGenSCom 52,788,000 HPH Trust US$ 40,022,000 SingTel 38,424,000 TigerAir 36,903,000 Dyna-Mac 34,971,000 Uni Envtech 34,733,000 Yangzijiang 32,721,000 VALUE($) Genting SP 234,211,665 SingTel 126,338,430 OCBC Bk 106,827,340 Golden Agri 78,994,500 UOB 67,245,220 DBS Grp 59,025,680 CapitaLand 50,899,675 Yangzijiang 45,085,390
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    • 186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 5 5 0 0 0 5 5 5 Manufacturing 45 55 57 5 4 8 50 59 65 Commerce 29 17 15 5 3 2 34 20 17 Tpt/Stor/Comms 18 11 13
      186 words
    • BROKERS’ TAKE
      • Article, Illustration
        392 10 July 21 close: $3.68 Kim Eng Research, July 21 KEPPEL Land reported a Q2 FY11 net profit of $50.5 million, down 65 per cent from a year earlier. Its H1 FY11 net profit also fell by 33.7 per cent y-o-y to $133.8 million. The weaker earnings came about
        Source: Bloomberg  -  392 words
      • Article, Illustration
        300 10  -  Compiled by LYNN KAN July 21 close: $9.77 DMG Partners Research, July 20 WE ARE forecasting OCBC Q2 FY11 net profit of $607 million, a 3 per cent q-o-q decline. Excluding gains from divestment of non-core assets, core Q1 FY11 net profit would have been $596 million suggesting a
        Source: Bloomberg  -  300 words
      • 137 10 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,
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    • 123 10 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 32,563 32,563 70,916 70,916 Manufacturing 205,526 11,768 217,294 175,816 194 176,010 Commerce 117,678 35,116 152,794 98,696 5,158 103,854 Tpt/Stor/Comms 217,451 7,666 225,117 330,349 899 331,248 Finance 31,647 20 31,667 266,407 2 266,409 Construction 20,929 10,706
      123 words
    • 111 10 Stock name Close Change CapMallsAsia 1.450 -0.005 CapitaLand 2.880 -0.010 CapitaMall 1.950 +0.025 CityDev 10.510 +0.240 ComfortDelGro 1.445 +0.015 DBS Grp 14.980 +0.020 F&N 5.980 +0.050 GLP 2.050 +0.040 Genting SP 1.795 +0.015 Golden Agri 0.715 HK Land 6.630 JMH 55.500 -0.500 JSH 32.100 -0.190 Jardine
      111 words
    • 460 10 CURRENCIES Reuters [NEW YORK] The euro rallied sharply yesterday, reversing losses, on signs that European officials were nearing a deal to bail out Greece with the help of the private sector, though some investors remained uneasy about the prospect of a short-term default. The
      Reuters; REUTERS  -  460 words
    • 111 10 BY CENTS CLOSE UP DBXT AUD Bonds 5AU$ ***** 168.9 0.8 DBXT iBoxxKR 5US$ ***** 146.7 0.9 GLD 10US$ ***** 90.9 0.5 DBXT MSUSA 10US$ 3186 60.6 1.6 DBXT FTVietnam 10US$ 2768 50.9 1.5 DBXT MSAsExJp 10US$ 3422 37.6 0.9 DBXT STGLDv100 10US$ 3008 37.6 1.0 STXPO 100 880
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    • 123 10 BY CENTS CLOSE DOWN DBXT Nifty 10US$ *****-126.1 -0.8 DBXT MSKorea 10US$ 6436 -73.9 -0.9 JMH 5550 -60.6 -0.9 Jardine C&C 4668 -32.0 -0.7 JSH 3210 -23.0 -0.6 Lyxor China H 10US$ 1556 -18.2 -1.0 Lyxor Korea 10US$ 568 -13.3 -1.9 DBXT S&P Short 10US$ 4168 -9.7 -0.2 DBXT
      123 words
    • 5 10 DAILY
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  • Page 11 Advertisements
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    • 29 11 HEART NEWS french pine bark r I ft French Pine Bark Extract Coenzyme Q-10 For Healthy Heart, Cholesterol Triglycerides Promotion Now On. 6281 5688 |S|C e www.gnc.com.sg LIVE WELL
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  • SINGAPORE NEWS
    • 454 12  -  It will be oil giant’s first lubricants plant investment outside China By RONNIE LIM A SECOND Chinese oil giant, Sinopec, is setting up a manufacturing plant here to capitalise on Singapore’s oil hub connections. It will break ground next Thursday at Tuas South on
      454 words
    • 503 12  -  By VICTORIA HO DELL has officially opened a centre here to showcase its cloud IT offerings. The facility is part of 12 such solution centres it has planned worldwide, following its announcement in April to pump in US$1 billion towards
      503 words
    • 340 12  -  By STEPHANIE RIADY A GROWING number of companies are rethinking the sustainability of their business practices, remarked Patrick Chan from the Singapore Business Federation during Singapore Management University 12th International Conference of the Society for Global Business and Economic Development. The rapid growth of
      340 words
    • 458 12  -  By MINDY TAN HIRING expectations in Singapore showed a small fall this quarter, with 56 per cent of employers planning to grow their headcount in the coming quarter, compared with 61 per cent in Q2. According to Hudson, a global professional staffing firm, this
      458 words
    • 394 12  -  By MINDY TAN A NEW programme to help train up to 11,000 workers from SMEs was launched by Minister of State for Trade and Industry and National Development Lee Yi Shyan yesterday. The SME Quality Initiatives to Assist, Nurture and Grow, or SME
      SINGAPORE MANUFACTURERS’ ASSOCIATION  -  394 words
    • 345 12  -  By LESTER HIO NINE out of ten Singaporeans are underinsured and will be forced to downgrade their living standards should anything happen, according to a recent AIA Singapore survey. The 2011 AIA Singapore Nationwide Protection Survey, conducted between March and June this year,
      345 words
    • 730 12  -  With speculators out, supply chain is more efficient now: Savills By KALPANA RASHIWALA THE number of private homes sold in the subsale market, which is often used as a proxy of speculative activity, rose 10.6 per cent quarter on quarter to 712 units
      730 words

  • Page 13 Advertisements
    • 104 13 D R TELOK BLANGAH WAYCHIJ STheresConve ALEXANDRA Hort Park CHIJ St. Theresa’s Convent TELOK BLANGAH GREEN AlexandraArch Telok Blangah Hill Park Mapletree Business City Henderson Waves TELOK BLANGAH DRIVE Tanjong Pagar Plaza CHIJ Kellock Canadian Int Sch Great Eastern Centre International Plaza LABRADOR VILLA RD Mount Faber Park MOUNT FABER
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  • ECONOMY WATCH
    • 589 14 But some say the economy still has some way to go to a full recovery AFP [TOKYO] Japan posted its first trade surplus in three months in June, data showed yesterday, indicating that the world’s third largest economy is recovering more quickly
      AFP  -  589 words
    • 521 14 It’s working with Treasury on which cheques to be cleared Reuters [PHILADELPHIA] The US Federal Reserve is actively preparing for the possibility that the United States could default as a deadline for raising the government’s US$14.3 trillion borrowing limit looms, a top
      Reuters; BLOOMBERG  -  521 words
    • 423 14 Bloomberg [SYDNEY] Sales of floating-rate bonds by Australian companies are making up the biggest percentage of issuance in more than a year as investors seek a hedge against central bank increases in borrowing costs. Borrowers led by Rabobank Nederland’s Australian unit have issued A$2.3 billion
      Bloomberg  -  423 words
  • Page 14 Advertisements
    • 55 14 dnamtidatioiU and C )Itda j 6 to HONG LEONG FINANCE on dot/to awarded d \f Singapore Finance Company of the Year Hong Leong Finance Limited at h/7r ia/nddanAina and (ddetad Idro-ni: m& LIAN BENG GROUP LTD 29 Harrison Road Lian Beng Building Singapore *****8 Tel: +65 6283 1468 Fax: +65
      55 words

  • MALAYSIA
    • 757 15  -  ‘Aggressive and continuous’ questioning caused him to jump to death By S JAYASANKARAN in Kuala Lumpur A MALAYSIAN Royal Commission of Inquiry (RCI) has ruled that Teoh Beng Hock who was found dead after a fall while in the custody of the Malaysian
      SIN CHEW DAILY  -  757 words
    • 400 15 It cites higher power generation costs due to shortage of gas, rising coal prices Bloomberg [KUALA LUMPUR] Tenaga Nasional Bhd, Malaysia’s biggest electricity producer, reported its first quarterly loss in almost three years after being hurt by higher power generation costs due to a
      Bloomberg  -  400 words
    • 249 15 Reuters [TOKYO] Asahi Group Holdings said yesterday that it will buy Malaysian soft drinks company Permanis for RM820 million (S$332 million), adding to a series of recent deals by Japanese beverage companies looking abroad for new profit drivers. Asahi, which faces a highly
      Reuters  -  249 words
  • Page 15 Advertisements
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      101 words

  • 542 16 Tight monetary policy, slack global demand weighs economy down Reuters [BEIJING] China’s factory sector contracted for the first time in a year in July and at its fastest pace since March 2009, a purchasing managers’ survey showed yesterday, as monetary policy tightening
    Reuters; AFP  -  542 words
  • 342 16 Strong demand and volume growth help firm beat forecasts Reuters [MUMBAI] Hero Honda Motors, India’s largest motorcycle maker, yesterday posted a better-than-expected 13 per cent rise in quarterly net profit, driven by strong demand and volume growth. The company, which has
    Reuters  -  342 words
  • Page 16 Advertisements
    • 1440 16 Keppel Corporation Limited Co Reg No: *****0351N (Incorporated in the Republic of Singapore) Second Quarter 2011 Financial Statement Dividend Announcement 1. UNAUDITED RESULTS FOR SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2011 The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the second
      1,440 words

  • WORLD
    • 351 17 AFP [TOKYO] A scare over radia-tion-tainted Japanese beef deepened yesterday with the number of cattle thought to have been contaminated and shipped around the country rising to nearly 1,500, reports said. As many as 1,485 beef cattle in nine prefectures are thought to
      AFP  -  351 words
    • 577 17 Blogger stumbles on Kunming shop that looks like real thing Reuters [SHANGHAI] Chinese counterfeiters have had a field-day pumping out knockoffs of Apple Inc’s best-selling iPhones and iPads but one appears to have gone a step further a near flawless fake Apple Store
      Reuters; AP  -  577 words
    • 606 17 Canberra considers citizens’ statutory right to sue for invasion of privacy Reuters [SYDNEY] Australia, where Rupert Murdoch started his media empire, may toughen privacy laws following the hacking scandal at his now closed News of the World. The government will release a paper shortly on
      Reuters  -  606 words
    • 569 18 LATEST US DATA Bloomberg [WASHINGTON] The index of US leading economic indicators rose at a slower pace in June, signalling that the recovery will be restrained in the second half of the year. The Conference Board’s gauge of the outlook for the
      Bloomberg  -  569 words
    • 653 18 European leaders also considering sweeping expansion of EFSF fund’s role Reuters [BRUSSELS] Europe is willing to let Greece default under a crisis response that would involve a bond buyback, a debt swap but no new tax on banks, EU sources said as eurozone
      Reuters; AFP  -  653 words
    • 328 18 Net loss of 38 US cents a share, from a profit of US$1.09 Bloomberg [NEW YORK] Morgan Stanley, owner of the world’s largest brokerage, reported a second-quarter per-share loss that was smaller than analysts estimated as trading revenue increased from the first quarter. The net loss
      Bloomberg  -  328 words
    • 269 18 Bloomberg [HELSINKI] Nokia Oyj, the Finnish mobile phone maker that is ceding market share to Apple Inc, reported its first quarterly loss since 2009 after handset sales slumped following an accord to shift to Microsoft Corp software. The second-quarter net loss was 368
      Bloomberg  -  269 words
    • 527 20 Auction house sells record £2b of art, antiques worldwide in Jan through June Bloomberg [LONDON] Christie’s International’s first-half sales increased 15 per cent to a record, boosted by auctions of contemporary works by artists such as Andy Warhol. The London-based company was also
      Bloomberg  -  527 words
    • 754 21 Shift in his stance follows his strong opposition to a such an extension Reuters [WASHINGTON] The White House signalled on Wednesday it could support a short-term increase in the US borrowing limit for “a few days” if lawmakers agreed to a broad
      Reuters; REUTERS  -  754 words
    • 379 21 Resulting industry leader could face antitrust hurdles Reuters [NEW YORK] Express Scripts Inc will buy rival Medco Health Solutions Inc for US$29.1 billion in cash and stock to create a powerhouse in managing prescription drug benefits in the United States, the companies
      Reuters  -  379 words
    • 297 21 Reuters [CHARLOTTE, North Carolina] Narrower loan margins may cut into the profits of three large US regional banks even as they make more loans. PNC Financial Services Group Inc and US Bancorp the fifth and sixth largest US banks beat analyst expectations by setting
      Reuters  -  297 words
  • Page 17 Advertisements
    • 304 17 THE RITZ-CARLTON RESIDENCES® BANGKOK Discover the Height of Luxury The Ritz-Carlton Residences, Bangkok Roadshow Ww ff 3 *1 wM IP L JA V* ft T SINGAPORE, 23-24 July Discover The Ritz-Carlton Residences, Bangkok, set within the mixed-use MahaNakhon development. As the tallest building in Bangkok, residents will enjoy the legendary
      304 words

  • Page 18 Advertisements
    • 636 18 JERRY LUM Snr Marketing Director, MBA, CES HP: 8288 0098 View: jerrylum.myweb.sg kitchen culture KITCHEN CULTURE HOLDINGS LTD. (Incorporated in the Republic of Singapore on 25 March 2011) (Company Registration No: *****7179D) Placement of 17,000,000 New Shares at $0.30 for each Share, payable in full on application APPLICATION RESULTS The
      636 words
    • 531 18 NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg In the matter of the Companies Act, Cap 50 And In the Matter of Balestier Realty Pte Ltd (In Members’ Voluntary Liquidation) (Company Registration No.: *****4177D) NOTICE OF FINAL MEETING Notice is hereby given that, pursuant to Section 308 of the Companies Act, Chapter
      531 words

  • Page 19 Advertisements
    • 130 19 HEARTIEST CONGRATULATIONS T O kitchen culture KITCHEN CULTURE HOLDINGS LTD. (Incorporated in the Republic of Singapore on 25 March 2011) (Company Registration No: *****7179D) ON YOUR SUCCESSFUL LISTING ON SGX CATALIST I IUS J 9 m ,->10 m 8 CSn C* I > BEST WISHES FROM ALL OF US BoardRoom
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  • Page 20 Advertisements
    • 3473 20 MATS NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg NOVO NOVO GROUP LTD. (Incorporated in Singapore with limited liability) (Company Registration No. *****2648H) Singapore Stock Code: MR8 Hong Kong Stock Code: 1048 NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Novo Group Ltd. (the "Company")
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  • Page 21 Advertisements
    • 139 21 WSK^ IPilSii V i /O (^foidr<ztiiL<ttuHi6 f |ffl 75aB?r >^T'' < wfe 'f '5'-'- .8, ;.V'-- /•;•<;,'•' •> )V; < VA;r^ LS ;>:rX \4 .V''.>&•.':8 »##8 |:.--Syt;; S$3$St& v';S> ssggl m&i^Xmto'; mm HONG LEONG FINANCE rVA (UWWi Singapore Finance Company of the Year Hong Leong Finance Limited <^8 'UUUIC& fnhn:
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  • AVIATION/SHIPPING
    • 377 23 The new airline will operate out of Narita Airport Bloomberg [KUALA LUMPUR] All Nippon Airways Co (ANA), Asia’s biggest listed carrier, will form a low-cost airline with Malaysia’s AirAsia Bhd to expand budget-fare services in North-east Asia. ANA will take a 51 per cent
      Bloomberg; AP  -  377 words
    • 323 23 Carrier also in talks with Boeing on ‘painful’ 787 delays Reuters [SYDNEY] Air New Zealand still expects to post a fiscal second-half loss due to high fuel prices and earthquakes in Christchurch and Japan, despite a strong pick-up in its
      Reuters  -  323 words
    • 462 23 Reuters [SINGAPORE] Rates for panamax dry bulk carriers on key Asian freight routes are expected to rebound slightly over the next week as in-tra-Asia coal activity drives a short-term recovery. In the capesize market, rates are seen lower because of a slowdown in
      Reuters  -  462 words
    • 3392 23 CITY FLIGHT ETA FLIGHT ETD Abu Dhabi KU6457 1300 SQ456 1245 SQ457 1300 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
      3,392 words
    • 510 23 Bloomberg [RIO DE JANEIRO] Vale SA, the Brazilian miner building a fleet of the world’s largest iron-ore carriers, said the first of its new vessels will go to China after being diverted to Italy on its maiden voyage. The 362-metre Vale
      Bloomberg; BLOOMBERG  -  510 words
  • Page 23 Advertisements
    • 157 23 M Singapore College of Insurance INE CLAIMS IN PRACTICE 14 15 September 2011 (9am-5pm daily) Led by Mr Trevor Harrison, a full time maritime arbitrator, mediator and legal consultant in the UK, with Guest speakers Mr Tom Wilson of Braemar Technical Services Pte. Ltd. and Mr Graeme Temple of Braemar
      157 words

  • EDITORIAL & OPINION
    • 504 24 EDITORIAL IT has been a bumpy road for Yingluck Shinawatra so far since the euphoria of her Puea Thai party’s sweeping victory at the July 3 Thai general election. The Election Commission’s (EC) decision to finally endorse her as a member of parliament on
      504 words
    • 802 24  -  THE BOTTOM LINE LEON HADAR Washington Correspondent IF YOU are getting depressed following the never-ending bickering in Washington over extending the debt ceiling and cutting the budget deficits, the continuing legislative deadlock over global trade policy is not going to cheer you up.
      802 words
    • 905 24  -  They are now targeting liquidity, not just inflation, which may lead to a state of conflict By LINDA YUEH in Oxford Linda Yueh is Fellow in Economics at St Edmund Hall, University of Oxford, and an associate of the Globalisation Programme of the Centre for
      REUTERS  -  905 words
    • 452 25  -  There has been a trend of including subjective elements in national well-being research By ANNA TEO THE idea of going beyond gross domestic product (GDP) in tracking the well-being and progress of society was conceived long before Jigme Singye Wangchuck, former king of Bhutan, decided
      452 words
    • 1943 25 Professor David Chan, director of Behavioural Sciences Institute at the Singapore Management University, who is leading work on subjective well-being here, shares his views below about its relevance for Singapore, particularly in public policy. Q: What is subjective well-being? Subjective well-being refers to individuals’ evaluations and
      AP  -  1,943 words


  • SINGAPORE STOCKS
    • 8307 26 Transaction date: Jul 21 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 13.2 8Telecom 14.5 13 15.9 7.8 4.2 3 69.4 12 4.5 A-Sonic 6.9 -0.1 30 6.9 6.7 6.7 6.9
      8,307 words
    • 1551 27 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 34 23 t 800 Super 24.5 +0.5 8802 25 23 24 24.5 8.4 43.8 5.5 3.7 t AA Grp 3.7 3.7 3.8 17.6 3.6
      1,551 words
    • 9967 27 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.37/ 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 0.6431/ Asian Credit Fund
      9,967 words
    • 235 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A48 +5.5 12 48 42.5 46 51 3.6 7.3 3.8 125 55 21 Genting HK US$ US42 +2.5 ***** 43 39 42 42.5 2765.5
      235 words
    • 884 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 115 +1 119 115 115 113.5 115 525 1207 872 CIMBAsean40 100US$ US1093 +15 0 1093 1093 1093 1100 43.7
      884 words


  • FINANCE & COMMODITIES
    • 374 28 Copyright© 1991 Morgan Stanley Capital International In local curr In S$ In US$ dy yr dy yr dy yr Jul 20 Index Change Change Change Change Change Change World Index Preliminary 907.1 0.6 1.1 0.6 -1.9 0.7 3.5 EAFE Preliminary 771.5 1.3 -3.7 1.2 -4.2
      374 words
    • 77 28 CRUDE OIL PRODUCTS Jul 20 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 118.24 0.59 WTI (Near Mth) 98.11 0.38 Dubai (1-Mth F) 112.16 1.00 Tapis blend 123.65 1.01 Minas 119.65 0.81 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 108.56 1.17 Jet Kerosene 131.60 1.00 US$/barrel Opec Oil
      77 words
    • 163 28 Jul 21 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Aug 11 164 Sep 11 476.0 476.0 476.0 5 401 Oct 11 479.6 479.5 479.5 14 436 Nov 11 487.1 479.0 479.0 39 389 Dec 11 484.6 479.0 479.0
      163 words
    • 121 28 As at 9am Jul 21 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.348 1.272 Can dollar 1.305 1.255 Euro 1.761 1.694 Sterling pound 1.997 1.921 NZ dollar 1.067 1.017 US dollar 1.23 1.183 Local dollars to 100 units of foreign
      121 words
    • 178 28 Jul 21 $S Offer Bid 0vernight 0.02 0.01 1-month 5/16 1/16 2-months 3/8 1/8 3-months 7/16 3/16 Overnight mode: 0.03 US$ 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 0.55 12
      178 words
    • 75 28 As on 20 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 1587.3 1587.2 1587.3 1606.1 Silver Cash Sep-11 38.4 38.4 38.4 40.51 CURRENCY Euro-US Dollar Sep-11 1.4215 1.4105 1.4171
      75 words
    • 2563 28 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 20.5 1 150 23 6.78 34 ASJ Hldgs W*****1 0.5 -0.1 462 1 4 7 8.40 7 AlliedTech W*****2 1.7 -0.2 18 1 4 28 Asia Water Tech
      2,563 words
    • 107 28 Jul 20 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 11 1378.25 1379.25 1390.75 1373.00 Sep 11 1379.00 1377.00 1389.25 1373.75 Nov 11 1384.00 1382.00 1394.25 1378.50 Jan 12 1393.25 1390.75 1402.50 1388.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 11 56.77
      107 words
    • 81 28 Jul 21 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****Z 20.10.2011 0.26 0.22 0.22 1-Year BY*****X 02.05.2012 0.33 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.85 103.90 103.88 5-Year N*****0W 1.125 01.04.2016 101.66
      81 words
    • 466 28 Jul 21 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6200 0 4245 Dec11 99.5100 0 3220 Mar12 99.4500 0 1528 Jun12 99.3850 0 1934 EUROYEN TIBOR FUTURES Sep11 99.6625 0 1332 Dec11 99.6600 99.6600 99.6600 99.6600 0 1392 Mar12 99.6550 0 1823 Jun12 99.6500 0
      466 words
    • 27 28 Jul 21 Open High Sett STI Jul 3137 SIMSCI Jul 362.5 365.9 364.6 Taiwan Jul 304.8 305.6 304.5 Source: MF Global (S) Pte Lid
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    • 462 28 Jul 21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.015 6.914 0.753 8.351 47.643 91.524 0.844 11.303 3.208 1.252 92.274 45.668 1.300 7.365 0.878 30.952 32.042 0.663 1.072 Canada 0.985 6.813
      462 words
    • 85 28 Jul 21 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths
      85 words
    • 138 28 Jul 21 GOLD (US$/oz) Jul 21 Jul 20 Hong Kong 1598.00 1590.80 Jul 20 Jul 19 London 1595.66 1600.67 1596.43 1601.47 Source: Thomson Reuters CAST BAR Jul 21 (S$) Selling Buying Kilobar 66,781.91 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 150 62 5gm 425 312 10gm 759
      138 words
    • 69 28 Jul 20 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2506.25 2521.25 3 months 2536.00 2550.00 Copper, Grade A (US$/tonne) Cash 9734.00 9818.50 3 months 9755.00 9840.00 Lead (US$/tonne) Cash 2672.50 2749.00 3 months 2695.00 2770.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00
      69 words
    • 154 28 Jul 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2989 1.3003 1.0715 1.0718 Canadian dollar 1.2800 1.2814 1.0560 1.0562 Euro 1.7262 1.7277 1.4240 1.4241 NZ dollar 1.0373 1.0387 0.8557 0.8562 Sterling pound 1.9598 1.9617 1.6167 1.6170
      154 words
    • 24 28 Jul 21 S$ Bid Offer 1-month 1.2122 1.2132 2-months 1.2121 1.2132 3-months 1.2121 1.2131 6-months 1.2114 1.2124 Source: OCBC Source: OCBC
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    • 65 28 Jul 21 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 11 3160 3133 3165 3130 360 5621 Sep 11 3156 3131 3167 3130 4006 ***** Oct 11 3153 3130 3164 3128 ***** ***** Nov 11 3150 3129
      65 words
    • 82 28 Jul 20 COCOA (£/tonne) Close Prev High/Low Sep 11 1990 1994 2014/1985 Dec 11 2017 2020 2037/2005 Mar 12 2035 2036 2050/2022 May 12 2041 2044 2055/2028 COFFEE (US$/tonne) Close Pev High/Low Jul 11 2073 2120 2080/2064 Sep 11 2110 2157 2157/2091 Nov 11 2143 2192 2192/2125 Jan 12
      82 words

  • 5526 29 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
    5,526 words
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  • executive lifestyle
    • 2322 31  -  While music names such as Sembawang Music and Tower Records have gone belly up, some local music CD stores have found ways to buck the bearish trend and even grow their businesses, reports CHRISTOPHER LIM reports CHRISTOPHER LIM With additional reporting by TAN TECK HENG and
      PHOTO-ILLUSTRATION: MOHD KHAIRIE  -  2,322 words
    • CINEMA
      • 461 32  -  By ENYA LIM WITH his melancholic good looks and brooding on-screen persona, Keanu Reeves is well-suited to the central role of Henry Torne in Henry’s Crime. But those qualities are all that the star of Speed and The Matrix franchise have going for him in
        PHOTOS: MOVING PICTURES  -  461 words
      • 583 32  -  Give these cranky bachelorettes wide berth and think Hangover with an all-chick cast, reviews DYLAN TAN reviews DYLAN TAN By DYLAN TAN GIRLS go extremely wild in Bridesmaids, a female ensemble comedy led astray by the influence of its co-producer and Hollywood’s biggest man-child,
        UNIVERSAL PICTURES  -  583 words
      • 592 32  -  By GEOFFREY EU SO this is what happens when soft porn meets popcorn. 3D Sex and Zen: Extreme Ecstasy is in essence nothing more than a raunchy sex romp, but adding mainstream entertainment value in the form of bawdy humour, comic-book violence and elaborate period costumes gives it
        592 words
      • 509 32  -  DVD REVIEW By TAN TAN TECK HENG “I JUST want to be perfect,” whispers Natalie Portman in the critically acclaimed film, Black Swan. It could have been director Darren Aronofsky saying those very lines himself. An ambitious filmmaker known for embracing lofty subjects such as eastern
        509 words
    • ENTERTAINMENT
      • 647 33  -  The test of a good song or instrumental piece is the melody that gets stuck in your head and these outings from experimental rock to electronica are not too far off the mark, reviews CHRISTOPHER LIM CD REVIEWS reviews CHRISTOPHER LIM WHEN Battles debuted here
        647 words
      • 599 33  -  By NATALIE KOH TOUTED among three of the largest comedy festivals in the world, The Melbourne International Comedy Festival returns to Singapore for the seventh year. This time, the festival brings a mixture of veteran and new comedians to The Substation. Virginia Lovett, general manager of the Melbourne
        PHOTOS: THE MELBOURNE INTERNATIONAL COMEDY FESTIVAL ROADSHOW  -  599 words
      • 591 33  -  GAMING REVIEW By CHRISTOPHER LIM JAPANESE anime has a fetish for missiles. There’s no such thing as too many of them. In fact, there are often scenes of utter overkill that involve heroes unleashing ludicrous numbers of missiles to kill one opponent. You get a taste of
        591 words
      • 405 33 Reuters POP singer Katy Perry won a leading nine nominations for the 2011 MTV Video Music Awards on Wednesday, reducing eccentric superstar Lady Gaga to also-ran status with just three nods. Sultry British singer Adele, whose second album 21 is the world’s top-selling
        Reuters; PHOTOS: AP, AFP  -  405 words
    • ARTS
      • 1093 34  -  The second Causeway Exchange arts fest promises more thrills and spills on the Kuala Lumpur stage, reports CHEAH UI-HOON reports CHEAH UI-HOON ANEW era of Singa-pore-Malaysia relations is dawning where the arts are concerned, at least with the second edition of the bilateral
        1,093 words
      • 572 34  -  By NATALIE KOH CHILDREN’s choirs are a dime a dozen in Singapore, whether the youngsters sing at church or for primary schools vying for gold medals at the bi-annual Singapore Youth Festival. While standards may be flexible for such young voices, the bar is set higher
        SINGAPORE LYRIC OPERA CHILDREN’S CHOIR  -  572 words
      • 401 34  -  By NICHOLAS YEO THE first thing that comes to mind when discussing sculpture would be the monumental bronze Boteros or Ju Mings that adorn the entrances of large office buildings. However, this is not the case for New York-based ceramics sculptor Wee Hong Ling (right), who
        401 words
      • 472 34  -  By NATALIE KOH FACING picnic mats strewn across Fort Canning Park as their owners sipped wine and nibbled on sandwiches, the Singapore Dance Theatre (SDT) pirouetted their way into audience’s hearts in their 17th edition of Ballet Under The Stars, an annual outdoor dance performance, last Saturday
        472 words
    • WINE/ARTS
      • AROUND TOWN
        • 186 35 When the National Stadium was being torn down between October 2010 and February 2011, only a handful of photographers were granted full access to capture the process. Pho- tographer Chow Chee Yong, was one of them, and 2902 Gallery will be exhibiting 34
          186 words
        • 156 35 Mexican history might be one that not many here are familiar with, but a photography exhibition organised by the Nanyang Academy of Fine Arts (Nafa) and the Embassy of Mexico, might just change that. Titled Tina Modotti: A New Vision, the exhibition displays a spread
          156 words
        • 124 35 The first of the arts production series, The Studios, by Esplanade Theatre On The Bay, Snails Ketchup is a solo performance inspired by Italo Calvino’s Baron in the Trees, a dark comedy about a dysfunctional family whose son decides to live in the trees to escape his
          124 words
        • 144 35  -  Compiled by NATALIE KOH Stemming from an odd mix of references from comic strips, traditional Chinese Ink paintings, poster art and Western art history, Baa Baa Black Sheep... by artist Zak Yeo Zhixiong presents a series of paintings that are as contradictory as his inspirations.
          144 words
      • 1085 35  -  Tasting the Chateau Latour 1966 side by side with the Latour 1986, even with vastly different climatic and ripening conditions, the classic bouquet and flavour of Bordeaux still shine through, writes N K YONG writes N K YONG AFTER two weeks of tasting cask samples
        1,085 words
      • 792 35  -  By NATALIE KOH WHILE covering the Vietnam War for five years as war-photographer, Tim Page was injured four times, the last of which had him pronounced DOA at the hospital after the person in front of him had stepped on a landmine. Fortunately, he survived, but
        792 words
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  • Page 35 Miscellaneous
    • 328 35 CRYPTIC CROSSWORD Across 1 Want to contain creeper that’s prickly (7) 5 Mark, the Spanish officer (7) 9 Fresh delivery for city dweller (3,6) 10 Sweltering, floating in river, leading to exposure (5) 11 Shelter in sound by a European lake (5) 12 Risky rendition of a rude song (9)
      328 words

  • Page 36 Advertisements
    • 663 36 At the heart of the image P7000 When the Nikon D7000 wins four prestigious awards, you know there is no competition. Technical gurus applaud the Nikon D7000 for its technical wizardry with the TIPA"Best DSLR Advanced" Award and HWZ Editor's Choice Award. Designers can't get over its perfect form giving
      663 words

  • Page 1 Advertisements
    • 52 1 In pursuit of the ultimate CONTENTS: Hot travel destinations PAGES 2 4 Splendid Santorini PAGE 6 Heady taste of the Barossa region PAGE 8 9 Eco-friendly hotels PAGE 11 Supplement editor: Jaime Ee Sub-editor: Gouw Huat May Cover design: Khairie Rahmat Advertising sales: Lam Wy-ning (9368-5685) Alfred Lee (9673-3578) Bernard
      52 words

  • Luxe Travel THE BUSINESS TIMES
    • 1288 2  -  GEOFFREY EU looks at the main trends in the luxury travel industry and highlights the destinations of choice of the affluent GEOFFREY EU LUXURY travel is on the rise especially in Asia and while all roads may not necessarily lead to Singapore, the Little Red
      REUTERS, AFP, FILE PHOTO; FILE PHOTOS  -  1,288 words
    • 1046 6  -  The charms of the Greek island make it difficult for visitors to leave, says DAVEN WU DAVEN WU STANDING on the edge of Santorini’s famous turquoise-tinted caldera created thousands of years ago when devastating volcanic explosions caused the centre of the island to collapse into the sea you
      GRACE HOTELS GROUP; STARWOOD HOTELS & RESORTS WORLDWIDE, INC  -  1,046 words
    • 907 7  -  The spectacular coastline of the south of France remains a favourite with royalty and aristocrats, the rich and famous, and artists of all ilk. By By GOH HWEE LENG THERE are few places in the world which can claim to offer the kind of
      AFP, GOH HWEE LENG  -  907 words
    • 444 8  -  MEI LIN samples some of the attractions of South Australia’s wine-making region MEI LIN JUST an hour away from Adelaide, capital of South Australia, the Barossa region is a picturesque landscape of hedonistic pursuits. But don’t let its lush, green vineyards, quaint towns, butcheries
      ALL PHOTOS COPYRIGHT© SATC  -  444 words
    • 478 9 IFrom previous page Barossa Valley Ballooning http://www.barossavalleyballooning. com.au/ For a surreal thrill, a lofty hot-air balloon ride lets you survey the region awakening from slumber at sunrise. After an hour of floating in the clouds, you will be brought down to earth and transferred
      Copyright© SATC  -  478 words
    • 803 9 Reuters MELBOURNE, Australia’s secondlargest city, is a vibrant metropolis packed with cultural attractions, historical sites and charming back-lane cafes. This southern city of many faces, some 970km from Sydney, also plays host to major sporting events, including the Australian Open tennis tournament every January. Even if
      Reuters; THE PRESS CLUB  -  803 words
    • 822 10  -  Airlines are continually pushing the envelope with luxury offerings to keep their first class travellers feeling on top of the world. LIreports DICKSON LI FLYING first class used to be about getting more leg room and better food. But those days are long over, as
      822 words
    • 878 11  -  Today’s jetsetters seek plush accommodation that appeals not just to their taste for luxury but also to their eco-consciousness. KOH YUEN LIN checks out five of the best eco-friendly city hotels. KOH YUEN LIN InterContinental New York Barclay 111 East 48th Street New York, New
      REUTERS  -  878 words
    • 1012 12  -  High net worth individuals don’t just hanker after more exotic destinations, they want to be pampered as well, reports DICKSON LI reports DICKSON LI WITH the growing concentration of high net worth individuals in Singapore, travel agencies have been receiving more requests for expensive holidays
      1,012 words
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    • 134 2 The twin disasters have shown the world the catastrophic destruction that nature and nuclear power can wreak. The disasters have also demonstrated the fortitude resilience of the Japanese. Let's be part of Japan's rebuilding efforts and experience the indomitable spirit and graciousness of the Japanese. Follow us to Japan with
      134 words

  • Page 3 Advertisements
    • 795 3 ADVERTISING FEATURE yy \ot THE m u I i .»r/ w vVio L*C CP RoyalCaribbean Looking for the ultimate destination for a novel and amazing getaway? Hop onboard Royal Caribbean International's fleet of stunning, innovative ships for your next product seminars, off-site meetings, corporate anniversary celebrations, company retreats and incentive
      795 words

  • Page 4 Advertisements
    • 221 4 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 most luxurious horels. It's the perfect getaway from your
      221 words

  • Page 5 Advertisements
    • 1522 5 A brilliant blend. Adelaide. South Australia v A BRILLIANT BLEND OF UNIQUE EXPERIENCES From the elegance of fine wine and cuisine, to the rough and ready world of wildlife and natural terrains, South Australia is the luxury getaway you're after. All centered on the modern city of Adelaide, a city
      1,522 words

  • Page 6 Advertisements
    • 319 6 NCL NORWEGIAN CRUISE LINE® Top 10 Large-ship Cruise Lines 2008 SpaFinder Reader's Choice Award SpaFinder Magazine Top 5 Best Cruise Lines 2009 Reader's Choice Award Southern Living Best Entertainment 2008 Editor's Picks Awards CruiseCritic See the world on a Freestyle Cruise. rJ —r Embark on a journey of discovery with
      319 words

  • Page 7 Advertisements
    • 181 7 AUSTRALIA MELBOURNE 1 7 7 m an*! lOlLFCAS MAN AN SUUTT MLEWY siuVlR IN? I IVY mrcxH D "YK .V HSKftftf ,1 :r^ r V rT-"-'- if V IS', V? Ifi] UK c* rs Twenty-four of the best golfers. Two iconic team captains. One more great reason to visit Australia.
      181 words

  • Page 8 Advertisements
    • 237 8 IS&FST 11 s ss:: sa aa BBSSSSSBS HIHH&aa 88 88 B& BBS SS. ANTOINETTE t 7 LTT-sf k. U N I W O R L D THE WORLD'S ONLY AUTHENTIC BOUTIQUE CRUISE LINE™ Unparalleled Luxury. Uncompromising Value. Uniworld Boutique River Cruises are as much about the sights within the ships
      237 words
    • 83 8 A MORE REFINED TASTE OF EUROPE True quality is without measure. It goes beyond need and expectations to the subtleties of comfort, grace and pleasure. With Insight Gold, you can expect exceptional hotels, excellent restaurants and perfect service. There is no better way to travel and no finer destination. Insight
      83 words

  • Page 9 Advertisements
    • 112 9 Autumn getaways by AIRFRANCEY A/// J' A yrxx/xx >','///r/xxxx v »'x// XX/ >'/ ■'OS xs X X X X X X X X X X X X X X X X XXX X X X X X rx X X X X X X X X X X X X
      112 words

  • Page 10 Advertisements
    • 600 10 Tascvnatvnq ttx 3-CoCicCdys <zJ We TuffCC Dreams We Offer Dream Escapes We Provide The llftimate TraveCExperience 3D Four Seasons Langkawi EHHZ® fr$ 1188 3D St Regis Bangkok fr$638 3D The Village Coconut Island fr$318 3D SALA Phuket fr$398 3D The Racha, Phuket fr$598 3D Rest Detail Hotel Hua Hin fr$588
      600 words
    • 352 10 First SI A Charter to VLADIVOSTOK FAR EASTERN RUSSIA 8D6 f N $2888 Dep: 22 Sep 2011 Highlights^ See the last milestone of Trans-Siberian Railroad Boat trip to Popov Island, around the west coast of Muravyev-Amursky Peninsula and Russian Island Learn more of the Russian culture at the Open Air
      352 words

  • Page 11 Advertisements
    • 134 11 2011 United Airlines, Inc. Double the pleasure Earn up to double miles when you fly to the Americas this summer. Fly United Airlines' daily service to our hub in Tokyo and make your way to your destination in the Americas on our expanded network. To top up your travel experience
      134 words
    • 110 11 6D4N W Retreat Spa, Maldives $3j438 n?«y -*£2-i-£2 l^r Fly on Singapore Airlines »Choose from 3 different villa categories Indulge in the nature with private sweep of white sandy beach (Excludes taxes estimated S$350*) Be Treated to the Luxury 6D4N Paris and Elegance Loire Valley frS $2,988 Al RFRANCE f
      110 words

  • Page 12 Advertisements
    • 199 12 A STAR ALLIANCE MEMBER I FLY«8 Travel the world with THAI and MasterCard® Exclusive all-in MasterCard fares from Tokyo Oslo Milan Copenhagen Stockholm Moscow Athens Johannesburg Los Angeles Business Class $838 $1,548 $1,578 $1,668 $1,748 $2,148 $2,178 $2,178 $2,178 $4,118 $4,128 $4,128 $4,128 $4,128 $4,168 $4,158 $4,468 Fly THAI and
      199 words

  • THE BUSINESS TIMES Singapore Corporate Awards
    • 194 1  -  By Lynette Khoo SEA change is looming for Singapore’s corporate landscape following recent proposed revisions to the Code of Corporate Governance. An effective implementation of the revised Code is expected to raise Singapore’s standard of corporate governance by spurring companies to go above and beyond their current
      194 words
    • 957 2  -  A well functioning board is critical to ensure strong oversight of management to guard stakeholders’ interests, reports LYNETTE KHOO reports LYNETTE KHOO HAVING a well functioning board is critical to ensuring strong oversight of management to guard the interests of all stakeholders.
      STOCK.XCHNG  -  957 words
    • 967 2  -  By TEH SHI NING UNCOMPROMISED independence is what underpins the effectiveness of their boards, say the chairmen of two corporate boards that struck Gold for this year’s Best Managed Board awards. Keppel Telecommunications Transportation chairman Teo Soon Hoe names a “strong independent element”
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    • 850 4  -  Sunny Verghese aims to quadruple intrinsic value by FY2015, reports FELDA CHAY reports FELDA CHAY PLANT US$100,000 in seed capital, toil for 22 years over anything from tiny, moon-shaped cashew nuts to cocoa beans and fluffy cotton, and the fruit of that labour is a
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    • 532 4  - Challenger an IT store and more By WINSTON CHAI MATERNITY wear, men’s socks and baby diapers aren’t exactly the kind of items you would typically associate with Challenger Technologies but unbeknownst to most consumers, the IT superstore has been selling such apparel for more than a year. However, these cannot
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    • 1073 6  -  Assessing performance is tough, but independent non-exec directors must do this in a transparent and credible way, says NA BOON CHONG NA BOON CHONG Na Boon Chong is Managing Director, Executive Compensation and Performance, South-east Asia, Aon Hewitt THE role of independent directors (IDs)
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    • 1120 7  -  Petra CEO, S’pore’s Willy Wonka, has his sight on global expansion, reports CHEN HUIFEN reports CHEN HUIFEN WHEN asked whether it would be apt to call him “Cocoa King”, Petra Foods CEO John Chuang, 63, laughs and says he does not know what that term
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    • 762 8  -  Its CFO must be able to wear the caps of both business strategist and financial expert in order to balance efficiency with effectiveness, reports NISHA RAMCHANDANI reports NISHA RAMCHANDANI IN an industry which sees its fair share of turbulence thanks to a dynamic operating
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    • 901 8  -  By KELLY TAY AS a youngster, Danny Heng never thought that he would someday be a chief financial officer (CFO) much less an award-win-ning one. Instead, he saw himself moving into Chinese journalism, having worked at a Malaysian Chinese-lan-guage daily for a
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    • 858 11  -  Keegan Chua has played an important part in expanding and raising professionalism in BH Global, a family-run business, reports LYNN KAN reports LYNN KAN KEEGAN Chua, BH Global Marine’s finance chief, has a job scope that goes much further than just obsessing over
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    • 725 12  -  The NC should not be just a shadow board committee that is merely a rearrangement of audit committee members, says IRVING LOW IRVING LOW Irving Low is Head of Governance, Risk and Compliances Services at KPMG in Singapore. The views expressed are his own.
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    • 666 12  -  By ROBSON LEE Robson Lee is Partner at Shook Lin Bok LLP. The views expressed are his own THE recent spate of corporate mismanagement and financial statement irregularities, particularly those involving China companies listed on the Singapore Exchange (SGX), has caused considerable public disquiet
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    • 850 14  -  Annual reports should offer useful insights into the company’s business plans, risks and social responsibilities, reports LYNETTE KHOO reports LYNETTE KHOO AN annual report is one of the most important sources of information about a company to its investors and should go beyond mere reporting of
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    • 314 14 THERE has been a marked increase in sustainability reporting among listed companies in their annual reports this year. “More companies have made efforts to discuss business sustainability and there was a significant increase in the number of annual reports that contained a separate section on
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    • 925 14  -  By ANNABELLE YIP Annabelle Yip is a member of the Advocacy Regulations Committee, Singapore Institute of Directors, and Joint Head, Corporate Governance Compliance Practice, WongPartnership LLP SUSTAINABILITY and corporate social responsibility (CSR) are issues that have come to the fore with
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    • 1104 15 A study shows that only 7 per cent of the companies surveyed have the internal auditor involved in the appointment of external auditors The writers are Associate Professor Leong Kwong Sin, Professor Pang Yang Hoong, and Associate Professor (Practice) Foo See Liang at the School of Accountancy,
      Source: SMU  -  1,104 words
    • 513 16  -  By LYNETTE KHOO TIMELY and accurate disclosure, frequent engagement with all stakeholders, accessibility and availability are defining features of companies that scored in the area of investor relations at the Singapore Corporate Awards. NUS Business School associate professor Mak Yuen Teen, who is the
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    • 932 16  -  Winners of Best Investor Relations avoid pitfalls of short-term ism, says LYNETTE KHOO LYNETTE KHOO WHILE good investor relations may translate to better stock valuations, this does not seem to bother companies that lead the pack in good investor relations (IR) practices. Instead of focusing on
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  • Page 1 Advertisements
    • 408 1 CONTENTS: Best managed board PAGE 2 Best CEO PAGES 4, 7 Best CFO PAGES 8, 11 Best annual report PAGE 14 Best investor relations PAGE 16 i'. r. 7? s AT -"> TT» i v -.-V w* iX i* -Sip 1 'jvr ?K '•W J* Aug *>r i* t4M* A
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    • 122 2 Driven by Grow Sustained th Values SINGAPORE CORPORATE AWARDS RE TE DS Best Investor Relations Award (Silver) for 2011 in the $300 million to less than $1 billion market capitalisation category. We are proud to receive this Award. Having been recipients of the Best Annual Report Award twice in the
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    • 58 3 wui m Cha^nger SINGAPORE CORPORATE AWARDS 9 /A Anv, HI Mr Loo Leong Thye on being awarded the Best Chief Executive Officer (Companies with less than $300 million market cap) at the Singapore Corporate Awards 2011 From our valued partners: acer canon QLYMPUS /eno i/o Microsoft EPSON brother m TECHNOLOGIES
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    • 87 4 OVER 2 MILLION 1 MISSION PASSENGER TRIPS DAILY. TO GO THE EXTRA MILE FOR YOU. itm 1 SBSlransit f Wjansit 9 *wm T" !W"7 SB5 Transit SBS8B8BD As Singapore's biggest public transport operator, we are committed to providing you with a safe, pleasant and reliable journey. We believe that by
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    • 71 6 ONE WITH YOU A culture of responsibility and accountability Committed to good governance and transparency Serving the nation daily for more than 20 years We are honoured to be recognised for excellent standards in corporate disclosure Uflfll SINGAPORE Singapore Corporate Awards CORPORATE Best Annual Report (Sliver) AWARDS JR yi\ V
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    • 183 6 MEWAH INTERNATIONAL INC is proud to be the winner of BEST ANNUAL REPORT SILVER AWARD (First-Year Listed Companies) at the Singapore Corporate Awards 2011 SINGAPORE CORPORATE AWARDS A —mm OKI A m v Mewah Global Brands, Local Favourites Mewah is a global agri-business focused on edible oils and fats with
      183 words

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    • 181 7 BUILDING STRENGTHS, DEFINING DISTINCTION SINGAPORE CORPORATE AWARDS 2011 Best Managed Board GOLD Keppel Telecommunications Transportation Market Capitalisation of $300 million to less than $1 billion SILVER Keppel Land Market Capitalisation of $1 billion and above Keppel aims to be the Provider of Choice for Solutions to the Offshore Marine Industries,
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    • 78 8 c SINGAPORE CORPORATE AWARDS 2011 Developing Strong Chemistry Worldwide MegaChem is honoured to be a recipient of the Singapore Corporate Awards in the category of "Best Annual Report" (companies with less than $300 million in market capitalisation). MegaChem is a global one-stop specialty chemical solutions provider that offers integrated value-added
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    • 145 9 sembcorp We believe reporting with clarity, depth and candour is essential. Thank you for sharing our beliefs. At Sembcorp, we strive to give our stakeholders an accurate, coherent and balanced account of our company and performance. This means our annual report goes beyond communicating our financial performance. So we share
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    • 546 10 Sembcorp Industries Ltd Interra Resources Limited Del Monte Pacific Ltd SingTel Ltd Keppel Corporation Ltd Keppel Telecommunications Transportation Ltd Multi-Chem Limited Mercator Lines (Singapore) Ltd F J Benjamin Holdings Ltdrnesngapore Congratulations to all the stars in corporate governance excellence Singapore Technologies Engineering Ltd Boustead Singapore Ltd CapitaRetail China Trust The
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    • 43 11 4J& SINGAPORE CORPORATE AWARDS 2011 At the 2011 Singapore Corporate Awards, Del Monte Pacific Ltd is honoured to receive recognition for: Best Investor Relations (Gold) Market capitalisation of $300 million to less than $1 billion N C E I S S 1 www.delmontepacific.com
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    • 113 11 SINGAPORE CORPORATE AWARDS 2011 Best Annual Report (REITs Business Trusts Category) Gold CapitaRetail China Trust Bronze Ascott Residence Trust Best Investor Relations Silver CapitaLand Limited (Large Cap) Bronze CapitaRetail China Trust (Mid Cap) SINGAPORE CORPORATE AWARDS 2011 SINGAPORE CORPORATE M AWARDS W YOUR RECOGNITION IS OUR GREATEST REWARD CapitaLand is
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    • 57 12 nm SM WM m m& mm -W c SINGAPORE CORPORATE AWARDS 2011 Once again, SPH is honoured to be ranked among the best at the Singapore Corporate Awards 2011 For exemplary practices and standards in the category of Investor Relations (Market Capitalisation of $1 billion above), we have received the
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    • 283 13 m 08 J* ft =1 W.« 3 BH GLOBAL MARINE LTD Charting New Directions In Excellence BH Global Marine Ltd Is Proud To Win Two Categories At The Singapore Corporate Awards 2011 I ',7 r Best Chief Financial Off icer [Companies with less than $300 million in market capitalisation Best
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    • 224 15 Financial PR congratulates m *A IF ML s] BH GLOBAL MARINE LTD Availability. Reliability. Valued Partner. BH Global Marine Limited Best Managed Board Silver (Companies with less than $300 million in market capitalisation) Mr Keegan Chua Best Chief Financial Officer (Companies with less than $300 million in market capitalisation) Eu
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    • 127 16 CHOSEN is proud to receive Gold Award at tpe Singapore Corporate Awards 2011 for Best Annual Report (Market Capitalisation below $300 million) The CHOSEN Group offers integrated manufacturing solutions consisting of product design development, mould design fabrication, precision plastic injection moulding secondary processes, modular assembly, PCB assembly and final product
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