The Business Times, 12 August 2011
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2011-08-12
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The Business Times
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Title Section23 2011-08-12 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfJl A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 138/08/2010 Friday, August 12,201123 words
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Article, Illustration901 2011-08-12 1 LYNN KAN - Yesterday’s price action offers invaluable lessons in coping with market distress By LYNN KAN [SINGAPORE] Investors should brace themselves for a bumpier ride in the near future as see-sawing Asian bourses become fixtures in a climate of unending macroeconomic uncertainty. Regional markets went hurtlingSource: Bloomberg - 901 words
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Article144 2011-08-12 1 HST INDEX 2,796.22 (-24.87) H ST INDEX FUTURES 2,785 (-25) H SIMSCI 321.90 (-2.54) H SIMSCI FUTURES 317.60 (-7.20) FOREX US$ S$ US$ (S$ per US$) 1.214 (US$/S$ per 1.616 1.962 EURO (US$/S$/E) 1.425 1.730 Foreign currency per US$ S$ YEN 76.60 63.10 RM 3.004 2.474 HK$ 7.800144 words
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634 2011-08-12 1 EMILYN YAP - Unusual market conditions are forcing changes By EMILYN YAP [SINGAPORE] A number of mortgage brokers have received word from two banks to stop offering home loans pegged to Swap Offer Rates (SORs), BT has learnt. Another bank, too, has introduced634 words
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Advertisement7 2011-08-12 1 WINE A liquid treasure hunt PAGE 327 words
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Advertisement18 2011-08-12 1 FESTIVALS AROUND THE WORLD Hey handsome PAGE 29 SINGAPORE PRESIDENTIAL ELECTION Eligibility certificates for four I PAGE 218 words
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Advertisement41 2011-08-12 1 COMPANIES SingTel Q1 profit down 2.9% at $916m PAGE 4 We continue to be committed to our vision to become the No1 Green Innovation Company in the electronics industry by 2018. Panasonic Corp president Fumio Ohtsubo In The Raffles Conversation tomorrow41 words
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TOP STORIES
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Article544 2011-08-12 2 A masterclass in market volatility INVESTORS should brace themselves for a bumpier ride in the near future as see-sawing Asian bourses become fixtures in a climate of unending macroeconomic uncertainty. Regional markets went hurtling on a roller-coaster ride yesterday, hit first by fears of a sovereign debt downgrade544 words
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Article, Illustration900 2011-08-12 2 LEE U-WEN - PEC grants certificate of eligibility to four applicants, while rejecting Kuan, Ooi By LEE U-WEN [SINGAPORE] Four Singaporeans all with the surname Tan were given the green light yesterday to contest the presidential election on Aug 27. They are former NTUC IncomeFILE PHOTOS - 900 words
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Article786 2011-08-12 2 KALPANA RASHIWALA - By KALPANA RASHIWALA [SINGAPORE] Despite the ongoing global financial turmoil and economic uncertainty, developers are confident about demand for private homes in choice suburban locations although they are building in some cushion for a potential price decline. At the first tender for state land786 words
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Article56 2011-08-12 2 IN the Hock Lock Siew column “Sheng Siong IPO: Wrong timing, but the right stock?” (BT, Aug 10), we said that the founding Lim family will be buying some shares back in the IPO. Sheng Siong has clarified that the brothers of the founding Lim family will not be56 words
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Article, Illustration690 2011-08-12 4 WINSTON CHAI - Associate Bharti Airtel continues to weigh down its bottom line By WINSTON CHAI [SINGAPORE] Singapore Telecommunications’ firstquarter net profit dipped 2.9 per cent to $916 million, from $943 million last year as Indian associate Bharti Airtel continued to weigh down its bottom line.AFP - 690 words
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246 2011-08-12 4 SINGTEL is confident of landing iPhone 5 when it goes on sale later this year. However, the stranglehold it once held will no longer apply as rivals StarHub and M1 are also almost assured a bite of the Apple handset as well. “We definitely246 words
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348 2011-08-12 4 CONRAD TAN - By CONRAD TAN [SINGAPORE] The Republic’s Central Provident Fund (CPF) savings are backed by the full resources of the Singapore government, which has far more assets than liabilities and can fulfil its obligations easily, the Ministry of Finance (MOF) has said348 words
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803 2011-08-12 4 VEN SREENIVASAN - HOCK LOCK SIEW By VEN SREENIVASAN AFTER more than $12 million in losses (assuming $2 million a week) and that’s not including compliance and legal fees Tiger Airways takes to the air in Australia again today. As new chief executive Chin Yau Seng put803 words
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Article, Illustration615 2011-08-12 4 PAULINE NG - By PAULINE NG in Kuala Lumpur MALAYSIA Airlines (MAS) has been asked by the government to withdraw a civil suit against its former executive chairman Tajuddin Ramli, as the Finance Ministry intends to settle the matter out of court.615 words
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Advertisement18 2011-08-12 2 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices MATS NOTICES18 words
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Advertisement206 2011-08-12 3 ORCHARD iSCOTTS Winner of the FIABCI Prix d'Excelience Award 2009 m ,-r m i UJ-r: -f W m a.■iiiiiiiii" 1 M i m C3 fr.-? r Space is a true expression of luxury. At Orchard Scotts, you will experience space in abundance for this award-winning property is set in a206 words
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Advertisement19 2011-08-12 4 Prepare for a Bull Run Call 1800 289 8822 or e-mail notices@sph.com.sg to place your AGM EGM Notices NOTICES19 words
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Advertisement112 2011-08-12 5 Why use more when you can use power wisely. Luxury has progressed. Get ready to change the game. To give you the most out of every drop, every innovation comes together in the all-new lightweight Audi A6. A new efficiency program reduces consumption, a start-stop system turns the engine off112 words
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COMPANY NEWS
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Article418 2011-08-12 6 MINDY TAN - Fair value gains of $96.5m lift profit to $202.2m; H1 profit up 59% as revenue tops $1 b By MINDY TAN UOL Group posted a 16 per cent rise in net profit to $202.2 million for the second quarter ended June 30, up from418 words
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569 2011-08-12 6 MICHELLE TAN - Higher earnings mainly driven by exceptional gain By MICHELLE TAN ASIA Pacific Breweries (APB) posted stronger results for the third quarter ended June 30, 2011, on the back of heightened demand for its brands in various regions. Net profit attributable to shareholders saw569 words
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COMPANY BRIEFS
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121 2011-08-12 6 HOR Kew Corp said a suit filed in Malaysia by Khoo Soo Wah, a director of GPX Land Sdn Bhd, was served on Hor Kew on Aug 8. “The company, its directors, Aw Leng Hwee and Aw Khoon Hwee, and its subsidiaries121 words
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47 2011-08-12 6 THAKRAL Corporation posted a second-quarter net profit fall of 95 per cent to $1.5 million from $29.84 million a year ago which had a $28.72 million net gain from an investment sale. Revenue slid 28 per cent to $82.74 million.47 words
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46 2011-08-12 6 UNITED Engineers’ net profit for the second quarter of 2011 increased 39 per cent to $33.38 million from $24.08 million a year ago. Revenue for the three-month period slid 13 per cent year-on-year to $160.03 million from $184.86 million.46 words
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41 2011-08-12 6 CHIP Eng Seng Corporation’s net profit for the second quarter of 2011 fell 14.4 per cent from a year ago to $17.71 million. Revenue was down 46.4 per cent at $45.03 million.41 words
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50 2011-08-12 6 XINREN Aluminium Holdings, which was listed last October, reported a second-quarter net profit of 150.74 million yuan (S$28.5 million), up from 26.06 million a year before. Revenue for the three months ended June 30 rose 36.9 per cent to 1.88 billion yuan.50 words
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74 2011-08-12 6 THE Singapore Exchange (SGX) raised the margin requirements on its major derivative contracts linked to equity indices yesterday, following sharp falls in stock markets across the globe. The exchange raised the initial and maintenance margin requirements for index-linked contracts including its most actively traded74 words
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Article558 2011-08-12 7 SAMUEL EE - By SAMUEL EE [SINGAPORE] Higher fuel costs and other operating expenses put the brakes on SBS Transit’s net profit in the second quarter ended June 30: it slumped 34.2 per cent to $9.8 million. But SBST’s Q2 revenue inched up 3.2 per cent to $185.7558 words
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410 2011-08-12 7 LYNN KAN - Foreign exchange and interest income gains help boost earnings to $963.9m By LYNN KAN YANGZIJIANG Shipbuilding posted a second-quar-ter net profit rise of 20 per cent to $963.9 million from $800.5 million in the same period last year, boosted by foreign exchange and interest income410 words
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Article, Illustration469 2011-08-12 7 VEN SREENIVASAN - Executive chairman Benedict Soh sees stronger second half By VEN SREENIVASAN DESPITE a slide in profit due to the absence of mega projects, communication design and production group Kingsmen Creatives has decided to pay out an interim dividend of 1.5 cents469 words
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Article445 2011-08-12 9 FELDA CHAY - Higher sales volume, selling prices drive surge; revenue gains 52% to US$19.7b By FELDA CHAY COMMODITY supplier Noble Group’s second-quarter net profit soared 63 per cent from last year, with higher sales volume and selling prices contributing to the sharp jump in earnings. The445 words
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112 2011-08-12 9 MICHELLE TAN - By MICHELLE TAN OTTO Marine swung into the red for the second quarter ended June 30, 2011. The offshore and marine (O&M) player yesterday reported a net loss of $38.3 million for the three months, reversing from a net profit of $16.7112 words
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Article492 2011-08-12 9 3 months ended June 2011 6 months ended June 2011 NET PROFIT (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG TURNOVER (S$m) NET PROFIT (S$m) TURNOVER (S$m) CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG 1 Golden Agri 504.57 189.97 165.6 3765.09 1660.07 126.8 221.04 81.17 172.3 1967.03 892.53 120.4492 words
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351 2011-08-12 9 FELDA CHAY - By FELDA CHAY HIGHER selling volumes and crude palm oil (CPO) prices helped palm plantation firm Golden Agri-Resources to more than double its net profit for the second quarter from a year ago. Earnings for the three months ended June 30, 2011,351 words
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Advertisement1692 2011-08-12 6 interim results 2011 (Incorporated in Bermuda with limited liability) Dear Shareholders The Board of Directors of Noble Group Limited is pleased to present the unaudited consolidated financial results for the first six months and second quarter of 2011, together with those of the corresponding period of 2010. Revenuefor thefirstsix months1,692 words
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Advertisement21 2011-08-12 7 J <3 1 v 1 1 w r j CANALI PARAGON SHOPPING CENTRE LUXURY FASHION AT RESORTS WORLD™ SENTOSA 5 658821 words
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Advertisement12 2011-08-12 7 Conditions apply > ali-o r^n,r? t 6281 5688 or 6757 4403 y www.gnc.com.sg12 words
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SINGAPORE MARKETS
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Article, Illustration562 2011-08-12 8 VEN SREENIVASAN - Traders say selling was marked by lower volume, suggesting de-leveraging by market players who had hit the ‘pain threshold’ STOCKS VEN SREENIVASAN Senior Correspondent THE Singapore market plumbed to a new 52-week low during the first hour of trading yesterday following another sharpSource: Bloomberg - 562 words
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Article63 2011-08-12 8 Aug 11 VALUE CLOSE BT OB/OS -2210.00-384.00 BT CADI -*****.00-343.00 BT 10-day MA -*****.00-221.00 FTSE ST Mid Cap 641.76 -11.87 FTSE ST Small Cap 435.74 -10.98 FTSE ST All Share 676.31 -7.64 FTSE ST China Top 207.76 -3.88 FTSE ST China 241.63 -5.21 FTSE ST Catalist 833.9263 words
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Article186 2011-08-12 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 13 2 0 0 0 1 13 2 Manufacturing 28 110 40 4 17 5 32 127 45 Commerce 12 39 16 2 7 2 14 46 18 Tpt/Stor/Comms 5 35 5186 words
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BROKERS’ TAKE
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Article, Illustration500 2011-08-12 8 SingTel Aug 11 close: S$2.92 OCBC INVESTMENT RESEARCH, Aug 11 SINGTEL reported its results for Q1 FY2012 (the three months to end-June) Thursday morning, with revenue rising 7.4 per cent y-o-y (but down 0.8 per cent q-o-q) to S$4.6052 billion, or around 0.7 per cent ahead of our forecast,Source: Bloomberg - 500 words
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Article403 2011-08-12 8 CONRAD TAN - Parkway Aug 11 close: S$1.795 PHILLIP SECURITIES RESEARCH, Aug 11 Compiled by CONRAD TAN PARKWAY Life Reit reported revenue of $21.4 million (down 0.5 per cent q-o-q, up 14.1 per cent y-o-y), net property income (NPI) of $19.6 million (down 0.6 per cent q-o-q, up 13.3 per403 words
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Article89 2011-08-12 8 Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half 9M nine months Q1, Q2, Q3 first, second, or third quarter q-o-q quarter-on-quarter y-o-y year-on-year Disclaimer: All analyses, recommendations and other information herein are published for general information.89 words
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Article123 2011-08-12 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 76,908 76,908 261,055 261,055 Manufacturing 360,335 76,198 436,533 394,637 906 395,544 Commerce 232,670 14,741 247,411 186,614 922 187,535 Tpt/Stor/Comms 328,347 6,933 335,280 446,914 767 447,681 Finance 41,350 460 41,810 419,826 88 419,914 Construction 89,718 22,983123 words
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Article114 2011-08-12 8 Stock name Close Change CapMallsAsia 1.200 -0.040 CapitaLand 2.500 +0.010 CapitaMall 1.720 -0.010 CityDev 9.900 -0.150 ComfortDelGro 1.270 -0.005 DBS Grp 13.810 +0.080 F&N 5.390 -0.050 GLP 1.730 -0.070 Genting SP 1.680 -0.005 Golden Agri 0.620 -0.005 HK Land 5.660 -0.180 JMH 52.000 -0.700 JSH 29.700114 words
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Article, Illustration550 2011-08-12 8 CURRENCIES Reuters [LONDON] Sterling may be benefiting as debt woes prompt diversification from the euro and the dollar, but it remains a risky currency fettered by weak UK fundamentals that will keep it under pressure against safe havens the Swiss francReuters; BLOOMBERG - 550 words
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Article59 2011-08-12 8 VOLUME Genting SP 170,335,000 Golden Agri 167,863,000 TopGlobal W*****9 163,343,000 HSI*****MBeCW*****9 139,437,000 Sunmoon 75,917,000 Noble Grp 66,575,000 SingTel 49,314,000 Cosco Corp 48,532,000 Yangzijiang 48,129,000 HPH Trust US$ 47,042,000 VALUE($) Genting SP 281,905,190 Keppel Corp 194,726,658 DBS Grp 168,234,520 SingTel 143,666,864 SembMar 104,377,820 Golden Agri 102,839,116 UOB 101,103,86059 words
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Article106 2011-08-12 8 BY CENTS CLOSE UP GLD 10US$ ***** 330.2 1.6 DBXT S&P Short 10US$ 4758 70.4 1.2 DBXT Nifty 10US$ ***** 61.9 0.4 UOB 1850 35.0 1.9 SIMSCI335MBePW*****0 59 25.5 76.1 DBXT MSAsExJp 10US$ 3002 20.6 0.6 Lyxor LatinAmerica 1 741 12.1 1.4 Ocean Sky 22.5 11.0 95.7 Lizhong 40106 words
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Article123 2011-08-12 8 BY CENTS CLOSE DOWN DBXT MSINDO 10us$ 1558-349.6 -15.6 IS S&P500 *****-282.8 -2.0 DBXT E50 10US$ 3518-207.6 -4.6 DBXT MSEurope 10US$ 4118-179.7 -3.5 DBXT AUD Bonds 5AU$ *****-112.2 -0.5 IS DJ US Tech 5866-110.5 -1.5 Pru 500US$ 930 -92.3 -7.6 DBXT MSUSA 10US$ 2736 -89.8 -2.6 JMH 5200 -85.0123 words
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Advertisement55 2011-08-12 9 2010-2012 \nSlT KOREA YEAR 7T o n> CD D QJ_ 7"?* n O 3 v N •>- fe x Experience service on a whole new scale Korean Air provides quality service that surpasses even your highest expectations. Indulge yourself in the Korean Air experience for life on a whole new55 words
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SINGAPORE NEWS
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374 2011-08-12 10 NISHA RAMCHANDANI - Spending tops US$1.3b over two months; transactions climb 28% to about 9.18m By NISHA RAMCHANDANI SINGAPOREANS and tourists alike certainly weren’t scrimping at this year’s Great Singapore Sale (GSS). MasterCard cardholders spent a whopping US$1.32 billion from May 27 to July374 words
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632 2011-08-12 10 LEE U-WEN - And if I’m president, my experience will help govt, he says PRESIDENTIAL ELECTION 2011 By LEE U-WEN THE Singapore government should draw up contingency plans in the event the current economic woes plaguing the United States and Europe develop into a full-blown632 words
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Article, Illustration417 2011-08-12 10 TEH SHI NING - By TEH SHI NING PRESENTING ideas for economic change, presidential hopeful Tan Jee Say said yesterday that the next president needs to engage the government to come up with an alternative economic philosophy if he is to play a unifying role. IfALPHONSUS CHERN/THE STRAITS TIMES - 417 words
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208 2011-08-12 10 MINDY TAN - By MINDY TAN A PUBLIC consultation exercise to seek feedback on the preliminary ideas put forth by the Arts and Culture Strategic Review (ACSR) Steering Committee to chart Singapore’s next phase of cultural development was launched yesterday. There are four main thrusts to the208 words
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425 2011-08-12 10 RONNIE LIM - This is following strong H1 demand for synthetic rubber and high-tech plastics By RONNIE LIM EVEN as it casts a concerned eye on the current turmoil in global financial markets, Germany’s Lanxess yesterday said that it is raising its profit targets for the full year,425 words
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222 2011-08-12 10 THE fifth annual ShareInvestor INVEST Fair 2011 will be held at the Suntec Singapore International Convention and Exhibition Centre this weekend. The two-day event will be centred around the theme “Invest with Knowledge” and will feature a total of 36 exhibitors comprising listed222 words
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430 2011-08-12 10 TEH SHI NING - Score for public buses sector rises 5.3 points to 66.4 By TEH SHI NING COMMUTERS are more satisfied with Singapore’s public transport system than they were a year ago, the latest Customer Satisfaction Index of Singapore (CSISG) findings show. Surveys of commuters conducted between430 words
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270 2011-08-12 10 DICKSON LI - By DICKSON LI NINE out of 10 foreign domestic workers (FDWs) say that they are satisfied working in Singapore, a recent study by the Ministry of Manpower shows. The study, conducted at the end of 2010, involved face-to-face interviews with over 900 FDWs270 words
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ECONOMY WATCH
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Article, Illustration644 2011-08-12 11 They may even make things worse for the nation facing sluggish growth Reuters [ROME] Italy’s problem is not a high budget deficit but chronically weak growth, and forcing it to frontload austerity measures just as its economy is moving into yet anotherReuters; REUTERS - 644 words
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498 2011-08-12 11 Steps may include a mechanism to use reserves AFP [BRASILIA] Finance ministers from 12 South American countries meet today in Buenos Aires to work on coordinating actions to confront the burgeoning economic crisis in Europe and the United States. Many here are relievedAFP - 498 words
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373 2011-08-12 11 AFP [SEOUL] South Korea’s central bank yesterday kept its key interest rate unchanged for the second straight month as uncertainties over the global economy overwhelmed inflation woes. The Bank of Korea (BOK) held steady the benchmark seven-day repo rate, the rate at whichAFP - 373 words
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568 2011-08-12 11 Bloomberg [SYDNEY] Australia’s jobless rate unexpectedly rose to an eightmonth high last month as employers cut full-time staff, prompting investors to increase bets that the central bank will lower the developed world’s highest interest rates. Unemployment jumped to 5.1 per centBloomberg - 568 words
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Advertisement315 2011-08-12 11 (ATE^ FSM Receive an extra source of monthly income. pT "Uloy e u y a "U' P "^»y aeciUl p 'SJ1« b Pay SPa ljciay Sln 9apore D oll ars '/S «C Pa b^y a ltspa '^y a '•O U/' .n Consider the Fidelity Funds Asian High Yield Fund. The315 words
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MALAYSIA/INDONESIA
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Article, Illustration621 2011-08-12 12 Loan growth spurred by rising demand from firms and low borrowing costs Bloomberg berg [SINGAPORE] Banks in Indonesia are extending the most credit on record, spurred by central bank policy and rising demand from companies investing in an economy forecast to expand faster than theBloomberg; berg; BLOOMBERG FILE PHOTO - 621 words
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334 2011-08-12 12 Move to stabilise markets amid crisis in Europe, US Reuters [JAKARTA] Indonesia’s central bank has introduced a facility to swap its US dollar holdings with Indonesian government bonds held by local foreign exchange banks, a move aimed at stabilising the rupiah currencyReuters - 334 words
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429 2011-08-12 12 Reuters [SINGAPORE] Malaysia’s natural gas supply remains disrupted, industry sources said yesterday, pointing to the third time this year that national power producer Tenaga Nasional is seeking fuel oil for power generation. Tenaga has called a ten- der for seven low-0.98-den-sity cargoes ofReuters - 429 words
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549 2011-08-12 12 Bloomberg [JAKARTA] Indonesia is introducing a tool that will enable Islamic lenders to earn returns on excess cash as part of the Southeast Asian nation’s bid to bolster syariahcompliant banking assets by 35 per cent in 2011. The instrument, to debut next month,Bloomberg - 549 words
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311 2011-08-12 12 Bloomberg [HONG KONG] China Construction Bank Corp, the world’s second-largest lender by market value, made a preliminary bid for control of PT Bank Maspion Indonesia, three people with knowledge of the matter said. Shareholders of closely held Bank Maspion plan to sellBloomberg - 311 words
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Advertisement8 2011-08-12 12 "%+.$=!{_,<'^~*/@+$-`+]~[.{)|?. MPAS MAGAZINE AWARDS 2011 BEST USE OF PHOTOGRAPHY/ILLUSTRATION8 words
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GREATER CHINA/INDIA
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519 2011-08-12 13 It will build 8 million units for 2012, 20% less than initial goal, in a move that may disappoint investors Reuters [BEIJING] China has cut its target for the construction of public homes by 20 per cent to eight million units for next year,Reuters - 519 words
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Article, Illustration478 2011-08-12 13 Assess risks of huge exposure to US debt: central bank adviser Bloomberg [BEIJING] China should urgently assess risks from being the main foreign investor in US debt and diversify its foreign-currency reserves more quickly, the Financial News reported yesterday, citing Xia Bin, a centralBloomberg; BLOOMBERG FILE PHOTO - 478 words
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346 2011-08-12 13 Reuters [NEW DELHI] India’s exports surged nearly 82 per cent in July as demand soared for engineering goods, petroleum products and ready-made garments, but a top official warned bleak global economic outlook may prevent the sector from achieving its annualReuters - 346 words
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306 2011-08-12 13 Bloomberg [HONG KONG] Hong Kong Exchanges Clearing Ltd, the world’s biggest bourse operator by market value, faced a second day of attacks from hackers that slowed down its website for company news and disclosure. The bourse was targeted by a “sustained and systematic” denialBloomberg - 306 words
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Advertisement2781 2011-08-12 13 FREIGHT LINKS EXPRESS HOLDINGS LIMITED Company Registration No. *****0061G (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Freight Links Express Holdings Limited will be held at 51 Penjuru Road #04-00, Freight Links Express Logisticentre, Singapore *****3, on2,781 words
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WORLD
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Article, Illustration646 2011-08-12 14 Deficit has exceeded all estimates in a survey of economists LATEST US DATA Bloomberg erg [WASHINGTON] The US trade deficit unexpectedly increased in June to the highest level since October 2008 as a slump in exports exceeded a decline in shipments fromBloomberg; erg; BLOOMBERG - 646 words
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Article, Illustration901 2011-08-12 14 Reuters [BOSTON] The crown may be slipping fast from billionaire trader John Paulson’s head. The hedge fund manager became an overnight sensation in 2007 by betting big and early on the collapse of the US housing market, and then doingReuters; BLOOMBERG - 901 words
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587 2011-08-12 14 She’s criticised for being silent, absent during market rout Reuters [BERLIN] Perhaps Angela Merkel deserves a break after what seems like three years of nearly uninterrupted crisis fighting. But that hasn’t prevented some German media and opposition politicians from questioning why the leader ofReuters - 587 words
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171 2011-08-12 14 Reuters [TOKYO] Test results for radioactive substances showed that rice was free from cesium and iodine in two prefectures in Japan, paving the way for the first shipments of this year’s rice in the 17 prefectures currently undergoing testing, local governmentReuters - 171 words
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Article, Illustration646 2011-08-12 16 The events have undermined UK’s safe haven appeal Reuters [LONDON] In the eyes of the financial markets, Britain was supposed to be a model of successful, sustainable austerity and a safe haven in which the world’s rich could buy houses and stash theirReuters; AP - 646 words
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470 2011-08-12 16 It will raise headcount by 20% to fight for more hedge fund clients Reuters [HONG KONG] Citigroup Inc will raise headcount at its Asian prime finance unit by 20 per cent to 80 this year as it looks to fight for moreReuters - 470 words
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598 2011-08-12 17 No big withdrawals by clients in wake of equity market plunge Bloomberg [NEW YORK] The largest US banks, down 21 per cent this month, aren’t seeing the same retreat by counterparties and clients that helped drive some firms to the brink of collapse inBloomberg - 598 words
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Article, Illustration66 2011-08-12 17 THIS little girl is looking at sculptures created by Swiss-born contemporary artist Ugo Rondinone at the contemporary art exhibition Yokohama Triennale in Yokohama. The art exhibition started on August 6 and runs until Nov 6. Rondinone is a New-York based, mixed-media artist whose worksAFP - 66 words
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Article, Illustration564 2011-08-12 17 Worries mount over exposure of French banks to peripheral eurozone debt [SINGAPORE] One bank in Asia has cut credit lines to major French lenders while five other banks in Asia are reviewing trades and counterparty risk as worries about the exposure ofREUTERS FILE PHOTO - 564 words
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292 2011-08-12 18 Reuters [ZURICH] The Swiss National Bank could ease monetary policy further without having to resort to currency interventions to counter a soaring franc, vice-chair-man Thomas Jordan was quoted as saying yesterday. To try to tame the franc, which is setting oneReuters - 292 words
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459 2011-08-12 18 Goldman Sachs chief suffers US$52m fall in share value, the highest among the CEOs Bloomberg [NEW YORK] Lloyd C Blankfein, chairman and chief executive officer of Goldman Sachs Group Inc, lost about US$52 million of his personal wealth this month more than theBloomberg - 459 words
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Article, Illustration112 2011-08-12 18 TENOR Rosario La Spina singing Puccini’s Turandot’at the launch of the Opera Australia 2012 season at the Sydney Opera House on Tuesday; fellow Australian soprano Cheryl Barker in Korngold’s Die Tote Stadt; and Emma Matthews in Verdi’s La Traviata. The 2012 programme is launched byPHOTOS: AFP - 112 words
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505 2011-08-12 18 Almost US$3t erased from equity values in last three weeks Bloomberg [NEW YORK] More executives at Standard Poor’s 500 Index companies are buying their stock than any time since the depths of the credit crisis after valuations plunged 25 per cent below theirBloomberg - 505 words
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539 2011-08-12 18 Bank needs US$50b to meet new capital requirements Reuters [HONG KONG] Bank of America Corp has held exploratory talks with the principal investment funds of Kuwait and Qatar about selling part of its stake in China Construction Bank, sources with direct knowledgeReuters - 539 words
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Article257 2011-08-12 18 Reuters [FRANKFURT] Uncertainty in global financial markets will likely take its toll on the market for mobile devices in the second half as growth slows in Western Europe, according to research firm Gartner. “The market in Europe is slowing down not only because some keyReuters - 257 words
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Page 14 Advertisements
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Advertisement204 2011-08-12 14 TENDER NOTICE Land Bank of Taiwan, Singapore Branch invites tenders from certified firms for Computer Equipment in office. Eligibility: Tenders hold experience in providing Computer Equipment in office. Document Fee: No charge Collection of Tender Document: Tender documents are obtainable from Land Bank of Taiwan, Singapore Branch, 80 Raffles Place204 words
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Advertisement543 2011-08-12 15 EVENT HIGHLIGHTS EDUCATIONAL WORKSHOPS Panel Discussion on Market Outlook (In English) Attend educational investment workshops and discover how you can invest wisely in the current market conditions and step on the path to your financial success. Take this opportunity to learn how you can make significant returns! Geoff Howie (Moderator)543 words
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Advertisement1576 2011-08-12 16 [•iATci 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 HUAT SOON SERVICES PTE. LTD. (In Members’ Voluntary Liquidation) UEN *****8724W NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the abovenamed Company duly convened and held on the1,576 words
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Advertisement38 2011-08-12 16 paramore LIVE IN SINGAPORE 2011 I 21 August 2011 at 8pm SINGAPORE INDOOR STADIUM WIN EXCLUSIVE TICKETS ON 91.3FM TUNE IN TO 91.3FM OR LOG ONTO WWW.RADI0913.COM FOR MORE DETAILS OFFICIAL RADIO STATION Presented by Midas Promotions www.midaspromotions.com38 words
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Advertisement2546 2011-08-12 17 BEATS 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 KOMATSU FORKLIFT ASIA PTE LTD (In Members' Voluntary Liquidation) (Co. Reg. No. *****3408M) NOTICE OF RESOLUTION MEMBER'S RESOLUTIONS IN WRITING PURSUANT TO ARTICLE 92 OF THE ARTICLES OF ASSOCIATION2,546 words
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Advertisement205 2011-08-12 17 In the Matter of the Companies Act, Cap50 and in the Matter of S(IPO) Pte Ltd (In Members’ Voluntary Liquidation) Reg no: *****0769M Notice of final meeting of members NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap 50, that a Final General Meeting of the205 words
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Advertisement31 2011-08-12 18 SINGAPORE'S PREMIER HOME-GROWN CAR MAGAZINE TORQUE ON THE MOVE IS HAPPENING ON AUGUST 20. SIGN UP FOR THIS EXCITING MOTORING TELEMATCH TODAY! MORE DETAILS AT WWW.TORQUE.COM.SG Join us on www.facebook.com/torque.singapore sPHmagazines31 words
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Advertisement52 2011-08-12 18 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY INDIA'S INDEPENDENCE DAY SPECIAL ON A HIGH India's high commissioner T.C.A. Raghavan talks to tabla! about his achievements so far and his plans for the future FLYING HIGH SilkAir CEO on airline's India plans GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE52 words
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AVIATION/SHIPPING
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387 2011-08-12 19 Bloomberg [SAO PAULO] International Consolidated Airlines Group SA (IAG), the parent of British Airways (BA) and Iberia, said it may bid for Portugal’s national carrier if the government offers it for sale. TAP-Transportes Aereos Portugueses SGPS SA is “of particular interest to usBloomberg - 387 words
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Article, Illustration667 2011-08-12 19 But it must first close technology gap with current No 1 South Korea Reuters [SINGAPORE] China should regain its status as the world’s leading shipbuilder in the next few years if domestic suppliers such as China Rongsheng and Yangzijiang Shipbuilding quickly moderniseReuters; BLOOMBERG - 667 words
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Article278 2011-08-12 19 SGX '000 Aug 11 S$ +/-Vol CH Offshore 0.37 -0.01 503 Chuan Hup Hldg 0.23 -0.01 326 Cosco Corp 1.17 -0.01 ***** CWT Ltd 1.04 -0.04 4799 Ezra Hldgs 0.90 -0.04 ***** First Ship Lea 0.28 -0.03 8221 Freight Links 0.05 unch 3508 Grand Banks unch unch 0278 words
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Article, Illustration380 2011-08-12 19 Bloomberg erg [HONG KONG] Cathay Pacific Airways Ltd, Asia’s largest international carrier, will maintain plans to boost capacity about 10 per cent this year as demand in China and India withstands global economic concerns. “We are still seeing growth in a lotBloomberg; erg; BLOOMBERG - 380 words
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512 2011-08-12 19 But global financial turmoil likely to keep freight rates under pressure, say brokers Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates to ship dry commodities, turned positive on Wednesday, helped by modest iron ore cargo business. Brokers said theReuters - 512 words
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235 2011-08-12 19 Reuters [MEXICO CITY] Delta Air Lines Inc plans to go ahead with orders for up to 200 aircraft to replace older nar-row-body models, despite growing fears of recession in the US and a wider global economic downturn. “We have not changed ourReuters - 235 words
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581 2011-08-12 19 Long on the dollar, it aims to cut losses in currency exchange [WASHINGTON] European Aeronautic Defence Space Co (EADS), maker of Airbus aeroplanes, is in talks with airline customers to get paid in euros as a hedge against currency exchange581 words
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EDITORIAL & OPINION
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485 2011-08-12 20 EDITORIAL THE decision by rating agency Standard Poor’s to downgrade its credit rating on US sovereign government debt is being blamed for touching off the latest round of market mayhem but the fault lies as much with the markets themselves as it does with485 words
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Article, Illustration828 2011-08-12 20 LEON HADAR - THE BOTTOM LINE LEON HADAR Washington Correspondent ONE of this summer’s film hits is the silly but entertaining Captain America: The First Avenger. Based on the comic book superhero, the movie tells of a short and frail young man who is transformed828 words
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Article, Illustration944 2011-08-12 20 DANIEL GROS - Govts in eurozone’s periphery now face a dilemma over undertaking structural reform By DANIEL GROS The writer is director of the Center for European Policy Studies Project Syndicate in Brussels THE first act of the eurozone debt drama was about whether anyProject Syndicate; AFP - 944 words
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Article, Illustration1065 2011-08-12 21 AUDREY H H TSUI - In public transport systems, giving the proper priority to service quality is important By AUDREY H H TSUI The writer is executive director, Centre for Strategic Leadership, and visiting professor, Department of Management Organisation, NUS Business School IN A free economy, a fair exchange ofFILE PHOTO - 1,065 words
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Article, Illustration993 2011-08-12 21 HARISH MEHTA - By HARISH MEHTA IT IS a matter of great pride for Indians that their country has never suffered a famine since it rid itself of British rule in 1947. If pressed on the issue, they will point to the deliberate BritishREUTERS - 993 words
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SINGAPORE STOCKS
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Article8449 2011-08-12 22 Transaction date: Aug 11 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 14.8 10 15 7.8 4.1 3.1 70.9 12 4.5 A-Sonic 5.6 -0.2 184 5.6 5.5 5.6 5.78,449 words
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Article1618 2011-08-12 23 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 14.5 t 800 Super 15.9 -0.1 1436 15.9 14.5 15.4 15.9 5.5 28.4 5.5 3.7 t AA Grp 4 2.5 3.7 19 3.91,618 words
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Article9986 2011-08-12 23 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.*****9/ APS Alpha Fund (USD)!** 1.04/ AXA Life Secure Ascent 2020 Fund 1.*****/1.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.6/ Aberdeen Asset Mgt Asia Limited American Opp 0.565/ Asian Credit Fund9,986 words
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Article235 2011-08-12 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A40.5cd unch 4 40.5 40.5 43 49 3.6 8.6 3.2 105.5 55 24.5 Genting HK US$ US34 -1.5 ***** 35.5 32.5 34 34.5 2238.7235 words
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Article925 2011-08-12 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 124 108 ABF SG Bond ETF 116.5 -0.5 13 118.5 116.5 116.5 116.5 531.8 1207 890 CIMBAsean40 100US$ US1029 1016 1030 41.2 350 278 DBS STI925 words
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FINANCE & COMMODITIES
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374 2011-08-12 24 In local curr In S$ In US$ dy yr dy yr dy yr Aug 10 Index Change Change Change Change Change Change World Index Preliminary 774.5 -2.7 -13.7 -2.5 -15.7 -2.6 -11.4 EAFE Preliminary 656.3 -2.2 -18.1 -1.8 -17.3 -1.9 -13.0 Europe Preliminary 932.4 -4.0374 words
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Article77 2011-08-12 24 CRUDE OIL PRODUCTS Aug 10 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 103.98 -0.45 WTI (Near Mth) 82.19 2.91 Dubai (1-Mth F) 101.19 4.51 Tapis blend 110.76 5.06 Minas 106.76 5.06 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 97.50 -1.33 Jet Kerosene 120.10 -1.45 US$/barrel Opec Oil77 words
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Article165 2011-08-12 24 Aug 11 RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Sep 11 463.0 460.0 463.0 56 290 Oct 11 462.0 461.0 462.0 20 402 Nov 11 391 Dec 11 468.4 468.1 468.4 2 501 Jan 12 471.1 470.0 471.0165 words
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Article, Illustration68 2011-08-12 24 As on 10 August 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 Oct-11 1793.4 1745.5 1783.9 1711.8 Gold Cash Dec-11 1768.2 1768.2 1768.2 1713.4 CURRENCY Euro-US Dollar Cash Sep-11 1.4389 1.415768 words
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Article121 2011-08-12 24 As at 9am Aug 11 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.281 1.209 Can dollar 1.252 1.204 Euro 1.758 1.691 Sterling pound 2.002 1.925 NZ dollar 1.018 0.97 US dollar 1.235 1.188 Local dollars to 100 units of foreign121 words
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Article178 2011-08-12 24 Aug 11 Aug $S Offer Bid 0vernight 0.01 par 1-month 0.10 0.05 2-months 3/16 1/16 3-months 1/4 1/8 Overnight mode: 0.01 US$ Offer Bid 7 days 0.30 0.20 1 month 0.40 0.30 2 months 0.50 0.35 3 months 0.60 0.40 6 months 0.75 0.55 9 months 0.85 0.65178 words
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Article107 2011-08-12 24 Aug 10 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 11 1300.75 1298.75 1312.75 1296.00 Sep 11 1295.50 1293.25 1311.25 1288.50 Nov 11 1301.50 1299.75 1318.50 1293.75 Jan 12 1312.75 1311.00 1329.50 1305.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 11 53.03107 words
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Article79 2011-08-12 24 Aug 11 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 10.11.2011 0.13 1-Year BY*****X 02.05.2012 0.16 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NX*****Z 2.250 01.07.2013 103.97 5-Year N*****0W 1.125 01.04.2016 102.96 103.35 103.00 10-Year NX*****X79 words
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Article463 2011-08-12 24 Aug 11 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Sep11 99.6150 0 2774 Dec11 99.5300 0 4150 Mar12 99.5750 0 2501 Jun12 99.6050 0 1599 EUROYEN TIBOR FUTURES Sep11 99.6800 99.6800 99.6800 99.6800 15 1277 Dec11 99.6825 300 1478 Mar12 99.6900 0 2083 Jun12 99.6875 0463 words
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Article27 2011-08-12 24 Aug 11 Open High Sett STI Aug 2785 SIMSCI Aug 324.0 326.0 317.6 Taiwan Aug 267.6 271.7 269.2 Source: MF Global (S) Pte Ltd27 words
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2382 2011-08-12 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 25 1 150 26 5.56 33 ASJ Hldgs W*****1 0.5 1 4 29 7.00 6 AlliedTech W*****2 1.7 1 4 27 Asia Water Tech Ltd W*****8 0.8 -0.52,382 words
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Article462 2011-08-12 24 Aug 11 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.016 6.565 0.721 8.012 46.491 87.774 0.787 11.104 3.086 1.253 88.678 43.718 1.247 7.376 0.756 29.844 30.749 0.636 1.027 Canada 0.985 6.464462 words
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Article85 2011-08-12 24 Aug 11 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths85 words
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Article139 2011-08-12 24 Aug 11 GOLD (US$/oz) Aug 10 Aug 11 Hong Kong 1763.00 1792.50 Aug 09 Aug 10 London 1731.50 1777.30 1732.25 1778.30 Source: Thomson Reuters CAST BAR Aug 11 (S$) Selling Buying Kilobar 75,540.93 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 169 70 5gm 480 352 10gm 858139 words
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Article71 2011-08-12 24 Aug 10 Aug 10 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2363.50 2374.25 3 months 2396.00 2407.00 Copper, Grade A (US$/tonne) Cash 8573.00 8709.75 3 months 8595.00 8731.00 Lead (US$/tonne) Cash 2266.00 2243.00 3 months 2275.00 2254.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article154 2011-08-12 24 Aug 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2467 1.2475 1.0270 1.0274 Canadian dollar 1.2272 1.2285 1.0109 1.0117 Euro 1.7293 1.7301 1.4246 1.4249 NZ dollar 0.9947 0.9954 0.8194 0.8198 Sterling pound 1.9619 1.9625 1.6162 1.6163154 words
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Article22 2011-08-12 24 Aug 11 S$ Bid Offer 1-month 1.2127 1.2135 2-months 1.2114 1.2127 3-months 1.2104 1.2117 6-months 1.2044 1.2057 Source: OCBC22 words
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Article65 2011-08-12 24 Aug 11 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 11 3110 3100 3115 3085 141 2033 Sep 11 3005 3053 3055 3000 1640 ***** Oct 11 2939 2993 2996 2938 ***** ***** Nov 11 2915 296365 words
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Article82 2011-08-12 24 Aug 10 COCOA (£/tonne) Close Prev High/Low Sep 11 1841 1865 1879/1837 Dec 11 1847 1878 1893/1844 Mar 12 1870 1897 1914/1868 May 12 1881 1907 1923/1879 COFFEE (US$/tonne) Close Pev High/Low Sep 11 2133 2098 2138/2113 Nov 11 2159 2128 2165/2140 Jan 12 2178 2149 2185/2160 Mar 1282 words
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Article5210 2011-08-12 25 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 JIMFLUSH Muscat/Sharjah/Doha *Loads5,210 words
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Page 25 Advertisements
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Advertisement28 2011-08-12 25 Experienced ship maintenance services wanted, Can they find your services here in the Shipping limes? KLINE BSA To All Shipping Advertisers: Please call Joe Wong at 9620 132728 words
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Page 26 Advertisements
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Advertisement28 2011-08-12 26 FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? THE BUSINESS TIMES SHIPPING TIMES28 words
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Advertisement18 2011-08-12 26 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES SHIPPING TIMES18 words
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executive lifestyle
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Article, Illustration1890 2011-08-12 27 NATALIE KOH - Spanking new drama centres Joyden Hall, the School of the Arts theatre and Goodman Arts Centre have all the hardware and technical bells and whistles for a standout theatrical experience but how will they measure up to established venues, asks NATALIE KOH NATALIE KOHPHOTOS: GOODMAN ARTS CENTRE, JOYDEN HALL - 1,890 words
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CINEMA
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Article, Illustration492 2011-08-12 28 DYLAN TAN - By DYLAN TAN THERE’S good news for local music fans as a slew of big names, including grunge band Pearl Jam, J-pop superstar Ayumi Hamasaki and Taiwanese rockers Mayday, hit town in the next two months. But they won’t be here in the flesh. Instead, these492 words
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Article, Illustration502 2011-08-12 28 CHRISTOPHER LIM - BLU-RAY REVIEW By CHRISTOPHER LIM JUDGING from the cheesy emphasis on aliens mating for life and children being the salvation of Earth and two races, somebody was hoping I Am Number Four would turn into a money-making blend of Twilight and Harry Potter. Unfortunately, thePHOTOS: WALT DISNEY - 502 words
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Article, Illustration583 2011-08-12 28 DYLAN TAN - Even with the imprimaturs of Harrison Ford, Daniel Craig and Steven Spielberg, Cowboys Aliens is a rough ride for viewers, writes DYLAN TAN DYLAN TAN TRAILERS often oversell a film, and the three-minute footage advertising Cowboys Aliens that made its round in multiplexes before the movie opened yesterdayPHOTOS: UNIVERSAL PICTURES - 583 words
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Article, Illustration477 2011-08-12 28 DYLAN TAN - By DYLAN TAN HUNGARIAN director Benedek Fliegauf’s English language debut Womb is guaranteed to make for some uneasy viewing. Like Never Let Me Go, the film deals with the thorny issue of cloning though Womb is slightly more controversial because it has a perverse undertone. Ex-Bond477 words
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FESTIVALS AROUND THE WORLD
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Article, Illustration1177 2011-08-12 29 LEE WEI FEN - The annual Tarnetar Mela held in Gujarat state celebrates the wedding of Mahabharata hero Arjuna to his wife, Draupadi. By LEE WEI FEN Lee Wei Fen is a freelance writer and editor as well as a researcher. Her work focuses on South Asia, especially India ALL is fair1,177 words
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MUSIC/GAMING
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Article, Illustration510 2011-08-12 30 CHRISTOPHER LIM - GAMING REVIEW By CHRISTOPHER LIM A MERE five years ago, there was a painful gulf between the visual quality of game trailers and actual gameplay. Gamers would part with their cash based on slick trailers showing off movie-quality animation, only to discover that the actual graphics were many510 words
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Article, Illustration1052 2011-08-12 30 CHRISTOPHER LIM - Online store 7Digital makes its regional debut in Singapore on the BlackBerry PlayBook, reports CHRISTOPHER LIM reports CHRISTOPHER LIM MUSIC lovers who prefer to buy their music online rather than at brick-and-mortar CD stores have cheered online music store 7Digital’s launch here on RIM’sBlackBerryPlayBook tablet two1,052 words
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Article, Illustration696 2011-08-12 30 CHRISTOPHER LIM - CD REVIEWS By CHRISTOPHER LIM IMITATION can be the best form of flattery if done right, but most of the time it makes for forgettable musical fluff. This week’s albums show bands variously ripping themselves and everyone else off, with widely varying results. Taking Back696 words
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ARTS
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Article, Illustration939 2011-08-12 31 MADHVI SUBRAHMANIAN - Over 30 artists, writers, filmmakers and curators tackle women’s issues too shocking for dinner-table chats, reviews MADHVI SUBRAHMANIAN reviews MADHVI SUBRAHMANIAN TANIA De Rozario, the co-curator of the exhibition On Getting Down and Dirty Etiquette II, now on view at the Substation Gallery on Armenian Street, asks939 words
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Article, Illustration502 2011-08-12 31 NATALIE KOH - By NATALIE KOH BETTER known for his campy and gender-switch-ing productions, the publicity shot of The Weight of Silk on Skin with actor Ivan Heng (right) dressed smartly in a suit with all the airs of a wealthy, chauvinistic bigot, is enough to turnWILD RICE - 502 words
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AROUNDTOWN
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Article, Illustration201 2011-08-12 31 BROUGHT up surrounded by nature, Chi-na-born artist, Cai Heng, has always been inspired by landscapes, particularly those of the lakes and mountains in her hometown of Hangzhou. Drawing from the emotions that these scenes evoke, herworksareessentiallyfeelingsputtopaper–hencethe title, Clarity of the Heart of her ongoing exhibition at201 words
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145 2011-08-12 31 Yet another KTM train-inspired exhibition has come up, but not from the closing of the Singapore railway. Ekspress Rakyat, named after the KTM train that travels through Malaysia and Singapore, offers works by six contemporary artists based in Kuala Lumpur that reference the145 words
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123 2011-08-12 31 NATALIE KOH - holidays). Compiled by NATALIE KOH In line with the seventh edition of the IndigNation festival, the LGBT Pride season in Singapore, Dahlia Gallery unveils Camouflage, a group exhibition of artworks by young artists that addresses the problems the LGBT (lesbian, gay, bisexual123 words
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Article, Illustration842 2011-08-12 31 CHEAH UI-HOON - By CHEAH UI-HOON SINDOUTOMO Sudjonono, father of modern Indonesian art, is often viewed in light of his bigger political and artistic contributions to the nation. But next week, a modest but intimate exhibition will reveal the less-er-known aspect of the artist as a family man a side842 words
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WINE/BOOKS
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Article, Illustration1083 2011-08-12 32 N K YONG - What greater joy for a wine lover than to dust off cases in the cellar and go on a liquid treasure hunt, writes N K YONG writes N K YONG OPENING really old bottles is rather like a treasure hunt. You are not sure what you1,083 words
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Article, Illustration572 2011-08-12 32 STEPHANIE RIADY - Drive: The Surprising Truth About What Motivates Us By Daniel H Pink Riverhead Books $27.95 (incl. GST) Pages: 260 Rating: B+ BOOK REVIEW By STEPHANIE RIADY CARROT-AND-STICK incentives are to businesses what Newton’s first law of motion is to science: it is, as they assume, how employees get572 words
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Page 27 Advertisements
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Advertisement14 2011-08-12 27 MUSIC Online music store 7Digital makes SEA debut here on BlackBerry PlayBook PAGE 3014 words
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Page 29 Advertisements
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Advertisement4 2011-08-12 29 30% BEST AVAILABLE RATESOFFOFF4 words
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Page 30 Advertisements
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Advertisement10 2011-08-12 30 Harderto hireworkers Retail F&B employers want help from govt Tosubscribe,call6388-3838orgotosphsubscription.com.sg10 words
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Page 31 Miscellaneous
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Miscellaneous344 2011-08-12 31 CRYPTIC CROSSWORD Across 1 Showing surprise on the square perhaps, deny a lie that’s false (7,2,6) 9 Having domain unsettled, getting about (7) 10 Foolish chap bagging a black jumper (7) 11 Vegetable garden containing kale initially put on large lorry (9) 12 Where you’ll see badgers getting over fight344 words
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Page 32 Advertisements
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Advertisement233 2011-08-12 32 /V I;. 1 1 rl C ""W v-» V- r ;T- ,> r 1 > V' s f fr.lll i.. vo 1,;, w i- f <&*%. i '< v y.7 Vi'— v f 7'-? »> »V >, .4 M'< r > .V »,£X V > a. ■r n ./SraR4h&M\; V233 words
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