The Business Times, 23 September 2011
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2011-09-23
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The Business Times
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Title Section23 2011-09-23 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MICA (P) 120/08/2011 Friday, September 23,23 words
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Article, Illustration753 2011-09-23 1 KALPANA RASHIWALA - Savills expects market to stay muted for the rest of the year By KALPANA RASHIWALA [SINGAPORE] Investment sales of property have fallen dramatically this quarter. So far (up to Sept 21) they have reached only about $3.8 billion, down 55 perSource: Savills Research & Consultancy - 753 words
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Article, Illustration880 2011-09-23 1 LYNETTE KHOO - Fed revives double-dip recession worries; growth slowing in China and Germany By LYNETTE KHOO [SINGAPORE] Stock markets collapsed in a heap yesterday as bad news about growth flew in from all parts of the globe. Fears of a double-dip recessionCompiled by BT - 880 words
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Article141 2011-09-23 1 HST INDEX 2,720.53 (-71.26) HST INDEX FUTURES 2,721.00 (-71.00) HSIMSCI 312.25 (-7.64) HSIMSCI FUTURES 311.40 (-8.30) FOREX US$ S$ US$ (S$ per US$) 1.292 (US$/S$ per 1.546 1.998 EURO (US$/S$/E) 1.352 1.748 Foreign currency per US$ S$ YEN 76.40 59.10 RM 3.159 2.444 HK$ 7.801 6.035 BAHT 30.71141 words
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Page 1 Advertisements
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Advertisement144 2011-09-23 1 ARTS Visionaries in the contemporary dance world PAGE 34 FESTIVALS AROUND THE WORLD A day of hard knocks PAGE 33 PROPERTY HDB launches over 8,200 flats for sale PAGE 4 ROAD RAGE Driver of blue Bentley is a senior RBS banker PAGE 4 COMMENTARY European time bomb ticking away VIKRAM144 words
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TOP STORIES
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Article, Illustration1119 2011-09-23 2 VIKRAM KHANNA - COMMENTARY VIKRAM KHANNA Associate Editor ‘Adangerous new phase.’ For the International Monetary Fund’s (IMF) chief economist to use this description for the global economy is a big deal. Someone in his position is usually careful with words, especially in a press conference attended by journalists1,119 words
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Article571 2011-09-23 2 Markets feel sum of all fears from US to China STOCK markets collapsed in a heap as bad news about growth flew in from all parts of the globe. Fears of a recession were stoked by the sombre note from US policymakers on Wednesday that signalled significant downside571 words
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Article, Illustration614 2011-09-23 4 ROB CURRAN - Fed chief’s crediteasing move shows he may be running out of options now By ROB CURRAN THE US Federal Reserve’s latest credit-easing measure may bring down interest rates marginally but it signals the end of the central bank’s leading role614 words
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Article, Illustration402 2011-09-23 4 SIOW LI SEN - RBS exec cracks windscreen with fist Road rage case involves a Merc driven by a woman By SIOW LI SEN [SINGAPORE] A senior Royal Bank of Scotland (RBS) banker driving his blue Bentley has been involved in a road rage case. Stefan Masuhr, RBS head of credit structuring repackaging AsiaSHIN MIN DAILY NEWS - 402 words
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Article70 2011-09-23 4 THE headline to yesterday’s report on the licensing and registration renewal exercise for real estate agents is incorrect. The Council for Estate Agencies will conduct its first year-end licensing and registration renewal exercise from Oct 1 to Nov 15, 2011, while the deadline for salespersons to pass the real70 words
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632 2011-09-23 4 MINDY TAN - Biggest jump among global cities, bringing average cost to £1,000 psf, says Savills By MINDY TAN [SINGAPORE] Billionaire homeowners in Singapore have seen the value of their properties increase 144 per cent in the past five years the highest price632 words
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Article, Illustration425 2011-09-23 4 [SINGAPORE] Singapore Press Holdings Ltd (SPH) has appointed Lee Boon Yang as director with effect from Oct 1, 2011, with a view to his eventual appointment as non-executive chairman. Dr Lee, who will also be appointed a member of the executive, remuneration and425 words
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496 2011-09-23 4 UMA SHANKARI - This is largest supply of flats ever offered in a single launch By UMA SHANKARI [SINGAPORE] The Housing Development Board (HDB) yesterday launched more than 8,200 flats for sale under its build-to-or-der (BTO) and sale of balance flats (SBF) exercises. This is the496 words
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Page 2 Advertisements
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Advertisement450 2011-09-23 2 Banking Conference KPMG Banking Conference 2011 Complexities in an evolving financial landscape As the Financial Services industry evolves and new regulations emerge, more will be expected of financial institutions and their executives. Successful executives will be those with an ability to cut through the complexities of rapid change and understand450 words
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Advertisement495 2011-09-23 2 20-J ©YAMAHA Model 214 7' Retail Price $157,000 NOW $133,500 Rich in tradition, each Bosendorfer is impeccably handcrafted to produce that touching and inspiring sound unique to the Bosendorfer brand name. With the Bosendorfer you do not just own a musical instrument, but know-how and techniques that have been passed495 words
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Advertisement148 2011-09-23 3 LIVE FOR GREATNESS EVERY ROLEX IS MADE FOR GREATNESS. THE COSMOGRAPH DAYTONA, INTRODUCED IN 1963, WAS DESIGNED TO MEET THE DEMANDS OF PROFESSIONAL RACECAR DRIVERS AND QUICKLY EARNED ITS ICONIC STATUS. WITH ITS PATENTED CHRONOGRAPH MECHANISM AND BEZEL WITH TACHOMETRIC SCALE, IT ALLOWS DRIVERS TO PERFECTLY MEASURE ELAPSED CIRCUIT TIME148 words
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Advertisement328 2011-09-23 5 "O 0 .c D) (0 Q. E o o Q. 3 O i_ U) 0 C O 0 3 E o > CO D) c 0) c 0 O 0 c O 0 3 O </) 0 E 0 "O 0 2 0 0 0 E "O 0 0 2328 words
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COMPANY NEWS
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Article, Illustration822 2011-09-23 6 Reuters [YANGON] In a quiet room in an ageing office block of Myanmar’s commercial capital Yangon, a worker scribbles on a whiteboard beneath a row of out-of-sync clocks, updating prices in what could be the world’s smallest stock market. Welcome to the Myanmar SecuritiesReuters; REUTERS - 822 words
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368 2011-09-23 6 JAMIE LEE - Countries that are less tech-intensive likely to be bigger beneficiaries Reports by JAMIE LEE THE Asean link set to go live in the first quarter of 2012 could bring in new liquidity from brokerages that have yet to invest in infrastructure to venture into368 words
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Article313 2011-09-23 6 THE Singapore Exchange (SGX) will offer new order types from next Monday to provide more flexibility in order execution. SGX will introduce a market order, which is an instruction to trade at the best price currently available in the market, it said in313 words
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301 2011-09-23 10 KELLY TAY - It lodges preliminary IPO prospectus; CCB S’pore branch, UOB are underwriters By KELLY TAY CONSTRUCTION and real estate development company TA Corporation Ltd is planning to list on the Singapore Exchange’s main board. The Singapore-based group lodged its preliminary initial public offering (IPO)301 words
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COMPANY BRIEFS
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69 2011-09-23 10 MARCO Polo Marine said that it has secured a shipbuilding contract worth $10.5 million to construct five deck cargo barges for PT Pelayaran Nasional Bina Buana Raya (BBR), an associated company of the group. Construction of the five deck cargo barges69 words
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51 2011-09-23 10 SCORPIO East Holdings said that it has on Sept 20 entered into a deal memorandum with Universal Pictures International Entertainment for a 12-month home video distribution rights in Singapore. Universal Pictures International Entertainment is the international home entertainment division of Universal51 words
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65 2011-09-23 10 HAI Leck Holdings’ order book saw a $73 million boost recently with several contract wins. These included an engineering, procurement and construction contract, which it announced yesterday, for a chemical plant on Jurong Island. The plant, with a production capacity65 words
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69 2011-09-23 10 SWIBER Holdings announced that its order book has surged close to US$1 billion, the highest in its corporate history, after it secured its single largest contract win this year worth US$155 million. This latest EPIC (engineering, procurement, installation commissioning) pipeline project in South Asia is69 words
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423 2011-09-23 10 YEO AIQI - By YEO AIQI AS policymakers respond once again to the renewed sense of global crisis, Morgan Stanley Research is bearish on developed market (DM) equities and has advised that investors sell into policy-inspired rallies. But amid the gloom, it is bullish on emerging market423 words
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Article, Illustration449 2011-09-23 10 VICTORIA HO - By VICTORIA HO AN increasing amount of foreign venture capitalist (VC) funding is flowing to South-east Asia, in the hopes of sniffing out the next Facebook, said a panel of industry experts. Tan Ying Lan, projects head at the National Research Foundation (NRF), saidYEN MENG JIIN - 449 words
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289 2011-09-23 11 DOLLY CHIA - Joint venture raised 3.2b yuan in launch period, in UOBAM’s first China foray By DOLLY CHIA A UOB-backed China fund management company (FMC) has turned out to be one of the best equity fund launches among some 80 funds launched this year,289 words
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Article, Illustration291 2011-09-23 11 CONRAD TAN - By CONRAD TAN NINETY university students were given a peek at DBS Group’s operations here yesterday as part of a new recruitment initiative by the bank aimed at graduating students. Samantha Mark, chief operating officer for DBS Singapore, said the behind-the-scenes tour,291 words
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298 2011-09-23 11 TEO SI JIA - By TEO SI JIA POPULAR Holdings, through Popular Land Investment, has struck an enbloc deal to buy the freehold Permai Court at Kampong Bahru for $20.25 million. A new development can potentially build up to a gross floor area (GFA) of 23,176 square298 words
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Page 6 Advertisements
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Advertisement2537 2011-09-23 6 =<&"->|/>!=[*%:!\<&!}-;-)<><-,* X Karin Technology Holdings Limited Karin Technology Holdings Limited (Incorporated in Bermuda on 30 August 2002) (Company Registration Number *****) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that an Annual General Meeting of the Company will be held at Mandarin Orchard Singapore, Grange Ballroom, Level 5, Main2,537 words
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Advertisement36 2011-09-23 6 fcTHE'LEADINGiBUNGALOW. SPECIALIST il m a kVjc-toria Park rU: *****sqft appx Biisooqsqft appxm J3rand mansion\with 2 annexes sitting over Ostentious land space View to appreciate! III! II lU II IB III! III! Ill III III lie 1136 words
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Advertisement223 2011-09-23 7 THE STRAITS TIMES. rrtE _SXB4' t M A K 4 4 Print. THE STRAITS TIMES. ($24.65 per month) A rJMi i^k •ft Online. ST Online ($26.65 per month) A iPad/iPhone. App (US$27.99 per month**) (est. $35 per month) We're fetching you an All-in-One news experience for just $2 more. y223 words
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SINGAPORE MARKETS
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Article, Illustration597 2011-09-23 8 VEN SREENIVASAN - Weighed down by the banks and other blue chips, the STI gives up 71.26 points to end at 2,720.53 STOCKS VEN SREENIVASAN Senior Correspondent ASIAN equities fell yesterday, following overnight tumbles on Wall Street in the wake of the US Federal Reserve’s warning about significant downsideSource: Bloomberg - 597 words
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Article186 2011-09-23 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 11 4 0 0 0 2 11 4 Manufacturing 18 81 24 3 6 5 21 87 29 Commerce 6 34 12 2 9 1 8 43 13 Tpt/Stor/Comms 2 36 2186 words
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BROKERS’ TAKE
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Article335 2011-09-23 8 Sept 22 close: US$0.615 UOB KAYHIAN, Sept 22 HUTCHISON Port Holdings Trust (HPHT), set up as a business trust, is sponsored by Hutchison Port Holdings, one of the world’s leading port operators. HPHT’s core assets include container ports in Hong Kong and the Pearl River Delta335 words
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Article, Illustration426 2011-09-23 8 LYNN KAN - Compiled by LYNN KAN Sept 22 close: $1.775 OCBC INVESTMENT RESEARCH, Sept 22 SMRT organised a preview of stages four and five of the Circle Line (CCL) yesterday, which are slated to begin operations on Oct 8. The addition of both stages will complete CCL (without CCL extensionSource: Bloomberg - 426 words
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Article135 2011-09-23 8 Ebit earnings before interest and tax Ebitda earnings before interest, tax, depreciation and amortisation EPS earnings per share FY fiscal/financial year H1, H2 first or second half m-o-m month on month NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first,135 words
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Article120 2011-09-23 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,038 23,038 107,130 107,130 Manufacturing 138,186 5,151 143,337 158,477 121 158,598 Commerce 157,478 2,791 160,269 163,919 449 164,367 Tpt/Stor/Comms 161,236 524 161,760 199,162 68 199,230 Finance 19,308 8 19,316 188,748 2 188,750 Construction 32,990 2,838120 words
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Article114 2011-09-23 8 Stock name Close Change CapMallsAsia 1.210 -0.065 CapitaLand 2.520 -0.110 CapitaMall 1.890 -0.040 CityDev 9.950 -0.300 ComfortDelGro 1.315 -0.025 DBS Grp 12.100 -0.260 F&N 5.700 -0.130 GLP 1.650 -0.095 Genting SP 1.625 -0.040 Golden Agri 0.675 -0.015 HK Land 4.850 -0.350 JMH 47.760 -1.990 JSH 26.500114 words
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Article, Illustration475 2011-09-23 8 CURRENCIES AFP [TOKYO] The US dollar rose in Asian trade yesterday and the euro hit a new 10-year low against the yen as market players shunned risks following the US Federal Reserve’s lacklustre stimulus announcement. After several months of selling pressure partly causedAFP - 475 words
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Article64 2011-09-23 8 Sep 22 VALUE CLOSE BT OB/OS -598.00-307.00 BT CADI -*****.00-302.00 BT 10-day MA -*****.00 -60.00 FTSE ST Mid Cap 622.35 -13.92 FTSE ST Small Cap 429.52 -6.89 FTSE ST All Share 658.11 -16.42 FTSE ST China Top 192.72 -5.61 FTSE ST China 229.00 -7.54 FTSE ST Catalist64 words
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Article58 2011-09-23 8 VOLUME Golden Agri 121,992,000 Digiland 69,003,000 Genting SP 63,688,000 Noble Grp 45,726,000 CapitaLand 27,122,000 Cosco Corp 26,083,000 HanKore 25,415,000 GLP 25,346,000 SingTel 21,591,000 HPH Trust US$ 20,663,000 VALUE($) Genting SP 104,033,818 Keppel Corp 82,168,630 Golden Agri 81,687,180 Noble Grp 69,463,690 CapitaLand 69,358,454 SingTel 65,262,550 UOB 62,916,120 DBS58 words
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Article121 2011-09-23 8 BY CENTS CLOSE UP IS DJ US Tech 6020 377.4 5.1 DBXT S&P Short 10US$ 4699 268.8 4.6 DBXT S&P500 10US$ 1918 103.4 4.4 DBXT AUDMM 5AU$ ***** 56.6 0.2 Lyxor Nasdaq100 10US 915 42.7 3.7 Daiwa FT Shariah Jap 783 14.2 1.4 Lyxor US DJIA 10 US$ 1164121 words
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Article115 2011-09-23 8 BY CENTS CLOSE DOWN DBXTiBoxxKR 5US$ ***** -1463 -8.5 IS S&P500 *****-753.4 -4.8 GLD 10US$ *****-501.4 -2.2 DBXT MSKorea 10US$ 4785-395.4 -6.0 DBXT SPASX200 10US$ 2879-289.5 -7.2 DBXT MSEurope 10US$ 3738-263.6 -5.2 Jardine C&C 3840-260.0 -6.3 JMH 4776-257.2 -4.0 DBXT E50 10US$ 3099-228.7 -5.4 DBXT FTChina25 10US$ 2454-210.6 -6.2115 words
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Page 9 Advertisements
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Advertisement396 2011-09-23 9 Bringing smarter computing to big data To build a smarter planet, we need smarter computing computing that is tuned to the task, managed in the cloud and, importantly, designed for big data. How big? We're now creating 2.5 quintillion bytes daily so much that 90% of the data in the396 words
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Advertisement50 2011-09-23 10 Warmest Congratulations to Mr Lionel Lee EMAS Croup Managing Director, on his conferment of the Public Service Medal (PBM) at the 2011 National Day Awards. GAT EMAS Ezion Holdings Limited Financial Keppel KTL OFFSHORE PTE LTD Shipyard ENERGY LIMITED ST M 3 IT 116 *1* A company of ST Engineering50 words
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Page 11 Advertisements
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Advertisement272 2011-09-23 11 What Did Geshe Michael Roach Do to turn a small company of less than 5 staff into a US$250 million dollar corporation sold to Warren Buffet at a handsome price? Learn the simple and practical revolutionary secrets that Geshe Michael uses to achieve financial success, happiness, peace and great health...272 words
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SINGAPORE NEWS
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Article, Illustration472 2011-09-23 12 TEH SHI NING - MOE to also review the way schools are assessed and recognised By TEH SHI NING TO deliver an education centred on values and char-acter-building, the Ministry of Education will work with schools to streamline existing efforts into a new Character and Citizenship Education (CCE) curriculum472 words
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549 2011-09-23 12 NISHA RAMCHANDANI - By NISHA RAMCHANDANI It’s official this year’s Formula One (F1) Singapore Grand Prix is sold out. Race promoter Singapore GP (SGP) announced last night that all 82,500 tickets have been taken up. However, SGP will release “an additional small allocation of tickets from549 words
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465 2011-09-23 12 TEH SHI NING - SINGAPORE GLOBAL DIALOGUE By TEH SHI NING CHINA views reunification with Taiwan as a “fixed and immovable objective”, and it is one that will come to pass in time, Singapore’s former minister mentor Lee Kuan Yew said last night before 400465 words
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684 2011-09-23 12 GRACE LEONG - By GRACE LEONG The path to settlement for some 8,000 creditors of now defunct True Spa, its founder Patrick Wee and the group of spa companies looking to help bail out the beleaguered firm has been anything but relaxing. But after several weeks of hard684 words
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533 2011-09-23 12 MALMINDERJIT SINGH - By MALMINDERJIT SINGH A STRUCTURAL revamp and deeper fiscal integration, not membership changes, will help the eurozone overcome its debt problems. This was the argument put forward by former European commissioner for trade and ex-British Cabinet minister, Peter Mandelson, alluding to the533 words
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210 2011-09-23 12 The Urban Redevelopment Authority (URA) is planning to launch the tender for a hotel site sitting between Jalan Bukit Merah and Alexandra Road in about two weeks. The site, which was put on the reserve list in 2007, is being put up for210 words
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Page 12 Advertisements
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Advertisement417 2011-09-23 12 ?l3f MUSIC SiTREETilEAM Catch the SteflKim win ■r> W r—i TGDK7S BEST MUS.G TUNE IN TO LISTEN FOR STREET TEAM LOCATIONS AND TRACK THEM DOWN TO GRAB THE CODEWORD! IVK AsiOti ta° 1 4 5456 6678s travel^^ m J carnival i 1|V fife ®F 'RAVEL Travel Carnival 2011 k/l UU417 words
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ECONOMY WATCH
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Article, Illustration490 2011-09-23 13 NYT [FRANKFURT] What do the Arab Spring, the London riots and the Greek debt crisis have in common? They have all happened in environments of rampant joblessness. In fact, it might not be far off to say that a big share ofNYT; AFP - 490 words
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325 2011-09-23 13 Reuters [SYDNEY] Australians have sharply increased their spending on services in recent years even as they chose to save a lot more of their income, a trend that has hit the goods retailing sector particularly hard, a top central banker said yesterday. AsReuters - 325 words
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618 2011-09-23 13 Revival of Asian financial crisis in the late 1990s seen to be highly unlikely Reuters [WASHINGTON] Countries have the right to intervene in foreign exchange markets if moves in their own currencies are volatile, a senior IMF official said, though he side-stepped saying whetherReuters - 618 words
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Advertisement39 2011-09-23 13 CANALI MADE TO MEASURE EXPERIENCE SARTORIAL ELEGANCE WITH CANALI'S MASTER TAILOR EXCLUSIVELY FROM MILAN AVAILABLE ON 11TH AND 12TH OCTOBER 2011 m rr J PARAGON SHOPPING CENTRE TEL: 6235 6588 LUXURY FASHION AT RESORTS WORLD SENTOSA TEL: 6723 801539 words
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MALAYSIA
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Article, Illustration508 2011-09-23 14 PAULINE NG - CI MB cites slowing economy and lack of political will as inhibiting factors By in Kuala PAULINE NG in Kuala Lumpur WITH the debt crisis in the United States and Europe casting long shadows on world markets, Malaysia’s 2012 Budget is expectedREUTERS - 508 words
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554 2011-09-23 14 PAULINE NG - By in Kuala PAULINE NG in Kuala Lumpur MAHATHIR Mohamed has broken his silence to urge the Malaysian government to proceed with highly controversial rare earth plant for its economic benefits. However, the former prime minister said that he was against554 words
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429 2011-09-23 14 Bloomberg [KUALA LUMPUR] Sime Darby Bhd, the world’s biggest publicly traded palm oil producer, said that the acquisition of a 30 per cent stake in Malaysian property developer Eastern and Oriental Bhd may boost earnings. “Taking on this 30Bloomberg - 429 words
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Page 14 Advertisements
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Advertisement2096 2011-09-23 14 MATS BUY IT-SELL IT-FIND IT NOTICES Toll free: 1800-289-8822 Email: notices@sph.com.sg UNITED STATES BANKRUPTCY COURT, SOUTHERN DISTRICT OF NEW YORK In re: PETRORIG I PTE LTD, et al., Debtors. Chapter 11 Case No. *****83 (JMP) (Jointly Administered) NOTICE OF THE (I) SOLICITATION AND VOTING PROCEDURES, (II) OBJECTION DEADLINE AND (III)2,096 words
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Advertisement228 2011-09-23 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MONEY TRANSFER PTE. LTD. Company Registration No. *****5049H (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 that the Final Meeting of Members228 words
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Advertisement79 2011-09-23 14 Nanyang SjyLe sPan Zhengpei Art Exhibition *®-jLiltt Guest-of-Honour Dr. Ho Kah Leong Official Opening on 24 Sep 2011 (Saturday) 3pm Exhibition date: 24 Sep to 8 Oct 2011 time:11am-6:30pm Tel: 6733 0289 wwwTzijuanyy.com ZIJUAN ART GALLERY 19 Tanglin Rd #02-07 Tanglin Shopping Centre S *****9 m hi m ft ii79 words
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GREATER CHINA/INDIA
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Article, Illustration513 2011-09-23 15 Indication of inflation rises, poses a policy dilemma for PBOC Reuters [BEIJING] China’s manufacturing sector contracted for a third consecutive month in September while a measure of inflation picked up, suggesting that the world’s No 2 economy may not be able to provideReuters; AP - 513 words
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366 2011-09-23 15 EJ Insight Reuters [HONG KONG] Shares and bonds of Hong Kong-listed Chinese property developers tumbled yesterday after a report of a regulatory enquiry into financing of a privately controlled real estate firm stoked concerns of a funding squeeze for the sector. SharesEJ Insight; Reuters - 366 words
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323 2011-09-23 15 Bloomberg [MUMBAI] India’s central bank will intervene in the currency market to curb excessive swings in the rupee, though it isn’t doing so at the moment, Finance Minister Pranab Mukherjee told reporters on Wednesday in New York. The rupee, Asia’s worstBloomberg - 323 words
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Advertisement29 2011-09-23 15 GNC LIVE WELL. Itizhi Energy all day long! Stefanie Sun International Artiste > Cordyceps Lingzhi power cocktail For Energy Immunity Promotion Now On 6281 5688 or 6757 4403 o www.gnc.com.sg29 words
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WORLD
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Article, Illustration569 2011-09-23 16 Govt may run out of money after surprise defeat on temporary spending bill Bloomberg [WASHINGTON] US lawmakers are scrambling again to prevent the federal government from running out of money next week after Republicans suffered a rare and embarrassing defeat on a temporary spendingBloomberg - 569 words
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227 2011-09-23 16 Reuters AP [LONDON] UBS trader Kweku Adoboli faced a new fraud charge when he made a brief court appearance in London yesterday for a hearing over alleged unauthorised trading which the Swiss bank has said cost it US$2.3 billion. He would alsoReuters; AP - 227 words
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389 2011-09-23 16 Index of current economic activity increases 0.1% LATEST US DATA Bloomberg [WASHINGTON] The index of US leading economic indicators (LEI) increased more than forecast in August, easing concern the economy is headed for recession. The Conference Board’s gauge of the outlook forBloomberg - 389 words
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Article, Illustration474 2011-09-23 16 AP [ATHENS] Austerity-fa-tigued Greeks have been slapped with new tax hikes and pension cuts. The government also pledged to suspend 30,000 civil servants in a hectic scramble to keep its bailout payments flowing and soothe global market fears that Greece will goAP; AFP - 474 words
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453 2011-09-23 16 LEE U-WEN - By LEE U-WEN in New York US President Barack Obama has confirmed that, if faced with no other choice, the White House would not hesitate to use its veto on Palestinian plans for United Nations statehood recognition. He made these remarks to Palestine453 words
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Article, Illustration492 2011-09-23 17 Former eBay CEO a builder, not a fixer, say tech analysts NYT [SAN FRANCISCO] As speculation swirled on Wednesday that Meg Whitman might be brought in to save the troubled Hewlett-Pack-ard, the tech world rendered a verdict: You have got to beNYT; REUTERS - 492 words
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352 2011-09-23 17 Regional, divisional managers cut to 11 from 24: memo Reuters [NEW YORK] Bank of America Corp’s top Merrill Lynch brokerage boss, John Thiel, shook up the leadership ranks in a move that eliminated more than half of the firm’s regional manager jobs. TheReuters - 352 words
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535 2011-09-23 17 Bank of America, Citi and Wells Fargo downgraded on changed US policy Reuters [NEW YORK] Moody’s Investors Service has lowered debt ratings for Bank of America Corp, Citigroup Inc and Wells Fargo Co on Wednesday, saying the US government is getting less comfortableReuters - 535 words
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Advertisement42 2011-09-23 16 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY AIR FAIR More airlines enter the India-Singapore sector and travellers have reason to smile ,7w MRS BALAJI SADASIVAN TALKS ABOUT HER LATE HUSBAND ft* GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST42 words
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Advertisement43 2011-09-23 16 Get The Latest Copy of Home Decor At The Fair! VISIT THE SEPT 30 OCT 2, 2011 (FRI SUN) 11AM 9PM MARINA SQUARE CENTRAL ATRIUM CHECK OUT: THE LATEST DECOR TRENDS RENO IDEAS SUBSCRIPTION DEALS FREE GOODIE BAGS VISITORS’ LUCKY DRAW COMPLIMENTARY COFFEE43 words
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Advertisement8 2011-09-23 17 MPAS MAGAZINE AWARDS 2011 BEST USE OF PHOTOGRAPHY/ILLUSTRATION8 words
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Advertisement272 2011-09-23 18/19 www.vw. com. sg <fe» A' 5*i l m Lm if 'ill Hn'il J an —L /r ?4 vfeS r\ r&S yK to/ m *> 5-f n SS a® mm tr 2 V!3» JS" C-VM-' s* :<tr <*- tf, \7 »w 5 I <*# H* Ofi s ~r 3 i m272 words
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EDITORIAL & OPINION
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484 2011-09-23 20 Cut banks and bankers down to size EDITORIAL ONCE termed the “handmaiden of industry”, finance has turned into an overbearing dominatrix, capable of inflicting great pain on those it was designed to serve. Anyone who doubts this need only consider the origins of the crisis confronting the financial system and484 words
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Article, Illustration773 2011-09-23 20 FRANK CHING - THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 THE news that officials of Muammar Gaddafi’s regime held secret talks in Beijing to buy weapons in July five months after the773 words
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Article, Illustration950 2011-09-23 20 STEPHEN WILLIAMS - It will create debt management platforms and help Asia further progress economically By STEPHEN WILLIAMS The writer is head of Debt Capital Markets in Asia-Pacific for HSBC THERE’S a quiet revolution sweeping through the sovereign bond markets of Asia’s fastest-growing economies, though youREUTERS - 950 words
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Article, Illustration997 2011-09-23 21 GENE FRIEDA - It’s the only institution that can generate an effective response to eurozone crisis and guarantee all euro area’s debt By GENE FRIEDA in London The writer is a global strategist for Moore Europe Capital Management WITH the crisis of the euro zone’s periphery having mutatedBLOOMBERG - 997 words
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Article, Illustration859 2011-09-23 21 LEON HADAR - LEON HADAR Washington Correspondent ALL signs are suggesting the recovery of the United States economy has been slowing and may be even coming to a halt: the unemployment rate is hovering around 9 per cent; consumer and business confidence isAFP - 859 words
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SHIPPING/AVIATION
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Article, Illustration519 2011-09-23 22 Reuters [LONDON] London’s Heathrow is falling further behind rival European airports in the battle for lucrative routes to emerging markets, according to a study released yesterday. The report by Frontier Economics, commissioned by Ferrovial-controlled BAA the owner of Heathrow said a lack of directReuters; BLOOMBERG - 519 words
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722 2011-09-23 22 Bloomberg [SEATTLE] Boeing Co’s newest jumbo jet, the 747-8 that had its entry into service delayed this week, encountered another setback when Atlas Air Worldwide Holdings Inc cancelled orders for three of the freighters. Atlas cited “lengthy delays and performance considerations” inBloomberg - 722 words
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Article, Illustration496 2011-09-23 22 VEN SREENIVASAN - Aim is to boost worker capabilities, so as to maintain S’pore’s hub status By VEN SREENIVASAN THE Association of Aerospace Industries (Singapore) AAIS has launched a drive to boost productivity by 13 per cent by 2015. At its annual meeting yesterday,496 words
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Article, Illustration327 2011-09-23 22 NISHA RAMCHANDANI - By NISHA RAMCHANDANI THE 2012 Singapore Airshow, which will be held from Feb 14 to 19, will integrate high-level conferences and business forums that aim to chart the way forward by tackling the challenges facing the aviation industry. These include conferences such as theFILE PHOTO - 327 words
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723 2011-09-23 22 Analysts debate bandits’ links with Islamist rebels AFP [NAIROBI] Somali pirates are preparing for a new raiding season, taking advantage of the calmer seas after the monsoon period, as their ties with Islamist rebels come under closer scrutiny. Pirate gangs already hold a grimAFP - 723 words
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Article278 2011-09-23 22 SGX '000 Sep 22 S$ +/-Vol CH Offshore 0.38 -0.01 40 Chuan Hup Hldg 0.20 -0.01 224 Cosco Corp 0.99 -0.03 ***** CWT Ltd 1.01 -0.02 634 Ezra Hldgs 0.91 -0.01 7460 First Ship Lea 0.30 unch 159 Freight Links 0.06 unch 1735 Grand Banks 0.35 0.02 12278 words
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SINGAPORE STOCKS
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Article8044 2011-09-23 23 Transaction date: Sep 22 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 12 8Telecom 12.5 10.7 15.5 7.8 4.9 2.6 59.9 9.5 4.5 A-Sonic 4.7 4.7 5 2.8 1.7 33.6 62.58,044 words
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Article1556 2011-09-23 24 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 13.7 t 800 Super 15 14.7 15.4 4.7 3.7 5.8 26.8 5.5 3.7 t AA Grp 4 2.6 4 19 3.9 200 1041,556 words
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Article10096 2011-09-23 24 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.18/ APS Alpha Fund (USD)!** 0.93/ AXA Life Secure Ascent 2020 Fund 0.*****/0.***** AXA Wealth Mgt S'pore Pte Ltd AXA WM -Talents Fund 0.6/ Aberdeen Asset Mgt Asia Limited American Opp 0.5993/ Asian Credit Fund10,096 words
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Article226 2011-09-23 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 56 34 AVJennings A46cd 37.5 44 3.6 7.6 3.7 119.8 53 29.5 Genting HK US$ US31 -1 ***** 32 31 31 31.5 2041.2 20.5 10 OGL Resources226 words
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Article883 2011-09-23 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 108 ABF SG Bond ETF 127 -3 2 127 127 126 127 579.7 1261 913 CIMBAsean40 100US$ US917 -35 88 932 913 36.7 350 276883 words
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FINANCE & COMMODITIES
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374 2011-09-23 25 In local curr In S$ In US$ dy yr dy yr dy yr Sep 21 Index Change Change Change Change Change Change World Index Preliminary 801.3 -0.4 -10.7 0.8 -10.2 -0.7 -9.8 EAFE Preliminary 662.8 -0.7 -17.2 0.3 -15.7 -1.1 -15.4 Europe Preliminary 962.8 -1.3374 words
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Article87 2011-09-23 25 CRUDE OIL PRODUCTS Sep 21 CRUDE (FOB origin)*****66 US$/barrel Close Change Brent blend (1-Mth F) 112.2786.5587.97 1.14 WTI (Near Mth) 85.92 -0.42 Dubai (1-Mth F)179.8 106.49 0.64 Tapis blend180.8 121.92 1.50 Minas 114.92 1.20 8380 8668.00 86.87 88.19 86.55 87.97 179.8 176.40 180.8 171.20 PRODUCT US$/barrel (FOB S'pore) Close Change87 words
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Article125 2011-09-23 25 Sep 211.00 1.0057 1.5634 METALS DEC-11 8517.00 8329.00 NOV-11 87.44 86.48 OCT-11 86.56 86.54 SEP-11 182.30 179.80 OCT-11 183.50 180.50 SOYBEANSALS (5,000 bu min; US cents/60 lb bushels)-. Close Previous High/LowNOV-1187.4486. Nov 11 1320.50 1338.00 1345.25 1320.00OCT-1186.5686. Jan 12 1331.50 1348.75 1356.25 1330.75 Mar 12 1338.50 1356.25 1363.50125 words
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Article79 2011-09-23 25 Sep 22 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****T 22.12.2011 0.19 1-Year BY*****X 02.05.2012 0.20 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 5-Year N*****0W 1.125 01.04.2016 102.67 102.85 102.85 10-Year NX*****X79 words
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Article460 2011-09-23 25 Sep 22 OPEN HIGH LOW SETT VOL OP/INT EURODOLLAR FUTURES Dec11 99.4700 0 2896 Mar12 99.4550 0 841 Jun12 99.4750 0 1103 Sep12 99.5000 0 742 EUROYEN TIBOR FUTURES Dec11 99.6900 99.6900 99.6900 99.6900 86 1907 Mar12 99.6850 99.6950 99.6850 99.6950 0 2338 Jun12 99.7000 0 1470460 words
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Article191 2011-09-23 25 Sep 22 SICOM RUBBER Futures (Closing prices) RSS 3 (US cents/kg) Close Volume O/I Month High Low Sett (lots) (lots) Oct 11 456.0 456.0 453.5 7 290 Nov 11 452.0 452.0 452.0 4 287 Dec 11 451.5 451.5 451.5 7 506 Jan 12 456.0 450.0 451.3 86 318191 words
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Article, Illustration104 2011-09-23 25 As on 21 September 2011 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE PREV CLOSE PRECIOUS METALS Gold DEC-11 1818.70 1790.30 1808.90 1809.2 Silver DEC-11 40.605 39.990 40.360 40.14 CURRENCY US Dollar-Jap Yen DEC-11 76.37 76.20 76.21 76.32 Euro-US Dollar DEC-11 1.3789 1.3622 1.3752 1.3677 Aust-US Dollar DEC-11 1.0183104 words
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Article121 2011-09-23 25 As at 9am Sep 22 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.321 1.259 Can dollar 1.298 1.249 Euro 1.778 1.71 Sterling pound 2.03 1.952 NZ dollar 1.056 1.006 US dollar 1.306 1.256 Local dollars to 100 units of foreign121 words
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Article27 2011-09-23 25 Sep 22 Open High Sett STI Sep 2721 SIMSCI Sep 319.6 319.6 311.4 Taiwan Sep 266.7 267.5 257.3 Source: MF Global (S) Pte Ltd27 words
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2201 2011-09-23 25 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 1.7 -0.5 3250 1 150 46 61.18 32 ASJ Hldgs W*****1 0.5 1 4 32 6.80 5 AlliedTech W*****2 1.7 1 4 26 Aztech Grp W*****3 0.6 12,201 words
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Article154 2011-09-23 25 Sep 22 $S Offer Bid 0vernight 0.03 0.01 1-month 3/16 1/16 2-months 3/16 1/16 3-months 1/4 1/8 Overnight mode: 0.10 US$ Offer Bid 7 days 0.30 0.20 1 month 0.45 0.25 2 months 0.50 0.30 3 months 0.55 0.35 6 months 0.70 0.50 9 months 0.90 0.70 12154 words
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Article464 2011-09-23 25 Sep 22 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.014 6.364 0.737 7.769 48.784 87.698 0.761 11.751 3.146 1.258 87.185 43.615 1.287 8.128 0.903 30.288 30.592 0.644 0.996 Canada 0.986 6.276464 words
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Article82 2011-09-23 25 Sep 22 (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$) 1 mth 0.***** 2 mths 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths82 words
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Article138 2011-09-23 25 Sep 22 GOLD (US$/oz) Sep 22 Sep 21 Hong Kong 1766.00 1807.00 Sep 21 Sep 20 London 1796.19 1798.59 1797.60 1799.50 Source: Thomson Reuters CAST BAR Sep 22 (S$) Selling Buying Kilobar 78,802.29 ***** PAMP GOLD BARS (S$) Selling Buying 1gm 177 73 5gm 501 367 10gm 895138 words
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Article69 2011-09-23 25 Sep 21 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2283.75 2291.25 3 months 2318.00 2326.00 Copper, Grade A (US$/tonne) Cash 8275.75 8279.75 3 months 8300.00 8305.00 Lead (US$/tonne) Cash 2234.00 2331.00 3 months 2220.00 2320.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0069 words
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Article57 2011-09-23 25 Sep 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 11 3040 3077 3052 3015 647 4520 Nov 11 3040 3066 3040 3005 3501 ***** Dec 11 3039 3066 3041 3004 ***** ***** Jan 12 3040 307057 words
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Article154 2011-09-23 25 Sep 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2869 1.2877 0.9958 0.9962 Canadian dollar 1.2691 1.2697 0.9820 0.9823 Euro 1.7473 1.7482 1.3521 1.3525 NZ dollar 1.0226 1.0234 0.7913 0.7917 Sterling pound 1.9976 1.9984 1.5458 1.5460154 words
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Article22 2011-09-23 25 Sep 22 S$ Bid Offer 1-month 1.2924 1.2928 2-months 1.2923 1.2927 3-months 1.2922 1.2927 6-months 1.2903 1.2911 Source: OCBC22 words
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Article82 2011-09-23 25 Sep 21 COCOA (£/tonne) Close Prev High/Low Dec 11 1772 1768 1788/1762 Mar 12 1805 1800 1819/1794 May 12 1820 1816 1835/1813 Jul 12 1835 1832 1850/1827 COFFEE (US$/tonne) Close Prev High/Low Sep 11 2104 2095 2105/2105 Nov 11 2140 2131 2165/2134 Jan 12 2165 2156 2189/2160 Mar 1282 words
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5071 2011-09-23 26 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination5,071 words
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Page 26 Advertisements
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Advertisement41 2011-09-23 26 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? PLACE YOUR AD HERE THE BUSINESS TIMES SHIPPING TIMES CALL JOE WONG AT 9620 1327 To All Shipping Advertisers: Please call Joe Wong at 9620 132741 words
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Page 27 Advertisements
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Advertisement28 2011-09-23 27 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 2011-09-23 27 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, Illustration1704 2011-09-23 28 DYLAN TAN - Sponsorship may be down, press coverage limited and ticket sales slower than expected but the 24th Singapore International Film Festival is still looking strong despite being a quiet affair so far this year, reports DYLAN TAN reports DYLAN TAN NINEdays in, and the 24th editionPHOTO-ILLUSTRATION: MOHD - 1,704 words
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ENTERTAINMENT
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Article, Illustration702 2011-09-23 30 GEOFFREY EU - Terrence Malick’s contemplative cinematic excursion The Tree of Life probes deep into the psyche, writes GEOFFREY EU TERRENCE MALICK is no ordinary filmmaker, and The Tree of Life is no ordinary film. His latest work just his fifth feature in a 38-year span is a challenging, overblownTWENTIETH CENTURY FOX - 702 words
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Article, Illustration503 2011-09-23 30 DYLAN TAN - By DYLAN TAN THANKS to the popularity of the Twilight series andTV’s True Blood, vampires spell big business in Hollywood. Hence the need for Tinseltown to dig the cult 1985 horror-comedy Fright Night out and remake it. While its new writer Marti Noxon knows aWALT DISNEY - 503 words
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Article, Illustration714 2011-09-23 30 CHRISTOPHER LIM - By CHRISTOPHER LIM ENDING a trilogy with a big bang is always easier when developers haven’t been over-ambi-tious in previous games, which is one of the reasons Gears of War 3 wraps things up so nicely. The Gears of War series likes to style itself as the714 words
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Article, Illustration790 2011-09-23 30 CHRISTOPHER LIM - By CHRISTOPHER LIM JAZZ, more than any other genre, is created in the moment, and some jazz artists are lucky enough to have captured some of their best moments live, one of the most famous examples being keyboardist Keith Jar- ing keyboardist rett’s 1975 The Koln Concert. Singaporean790 words
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MUSIC/BOOKS
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Article, Illustration741 2011-09-23 31 NATALIE KOH - Indie songstress Lykke Li debuted on a high note to screaming fans, reviews NATALIE KOH THE name Lykke Li is not one that would strike a chord with the average person on the street unless you’re an indie music chaser who trawls YouTube for hidden gemsJOANNA KWA - 741 words
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Article, Illustration494 2011-09-23 31 CHRISTOPHER LIM - BOOK REVIEW By CHRISTOPHER LIM EVERYONE’S trying to replicate the success of the Harry Potter and Twilight series of novels and the movies based on them, but Pittacus Lore’s answer to cute wizards and angst-ridden vampires is alien superhero teens. Lore is actually a pseudonym494 words
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FORMULA ONE/ARTS
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Article, Illustration1737 2011-09-23 32 Christopher Lim, Dylan Tan, Melissa Lwee, Natalie Koh, Debbie Yong - From music to food, get a ringside seat and soak up the Formula One fun this weekend Compiled by Christopher Lim, Dylan Tan, Melissa Lwee, Natalie Koh, Debbie Yong Music Trackside: Colombian pop diva Shakira makes her Singapore debut tomorrow, 11.15pm-12.45am,at the Singapore GP’s Padang Stage1,737 words
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Article, Illustration621 2011-09-23 32 LYNN KAN - By LYNN KAN THE Mariinsky Ballet’s visit to a Singapore stage last weekend was memorable for two reasons. It was probably the first time a collective gasp-sigh-swoon swept across the Esplanade auditorium at the sight of a set and costumes. It was Act II of Mariinsky’sPHOTOS: YI-CHUN WU, REUTERS - 621 words
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FESTIVALS AROUND THE WORLD
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Article, Illustration1050 2011-09-23 33 DANG VAN TRANG - The Buffalo Fighting Festival in Vietnam’s Do Son town attracts thousands of tourists every year. By DANG VAN TRANG The writer, who is from Hanoi, is a student at Raffles Institution FOR the Vietnamese, the water buffalo is a very familiar national symbol. Vital companionsPHOTOS: DANG VAN TRANG - 1,050 words
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ARTS
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Article, Illustration717 2011-09-23 34 CHEAH UI-HOON - Contemporary dance is often driven by dancers and choreographers rooted in classical traditions whether they be Khon, Western classical ballet or Flamenco. Executive Lifestyle meets three visionaries who have carved their own niches in the contemporary dance world By CHEAH UI-HOON THE handpainted murals that you see inESPLANADE - 717 words
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Article, Illustration629 2011-09-23 34 LYNN KAN - By LYNN KAN FEW ballerinas can lay claim to a stage career that spans more than two decades the way former Paris Opera Ballet star Sylvie Guillem has. The legs-for-days 46-year-old, known first and foremost for her skill as a ballerina, comes to Singapore withESPLANADE - 629 words
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Article, Illustration516 2011-09-23 34 NATALIE KOH - By NATALIE KOH THINK flamenco and immediately, foot-stomping dancers in flamboyant costumes come to mind, complete with castanets and straw hats. But not in Solo, by Spanish flamenco choreographer and dancer, Israel Galvan. Known for his stripped-down performances with no music, and choreography that strays from flamenco’s stringentFELIX VAZQUEZ - 516 words
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Article, Illustration680 2011-09-23 34 NATALIE KOH - By NATALIE KOH ENJOYING some quiet time at the end of a busy day is a moment treasured by most, especially in today’s fast-paced world. It’s a time where you can let your fronts fall, and be who you really are in the presence of no one else680 words
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WINE
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Article, Illustration1098 2011-09-23 35 N K YONG - Tongue-singeing Asian curries go well with wines with ripe fruit, medium to full body, soft tannins and good acidity, writes N K YONG WHAT do you drink with chicken curry? Or Thai green curry? Did I hear someone say “beer”? Can wine go with such spicy food? Diehard1,098 words
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Article, Illustration414 2011-09-23 35 JULIA MOSKIN - By JULIA MOSKIN NYT UNDER the hot lights of ABC’s Studio 2 last week, a mound of hamburger meat glistened, as pink and moist as the chef Mario Batali’s forehead. Dozens of assistants, make-up artists and publicists watched in rapt silence as Carla Hall, aNYT; REUTERS - 414 words
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Page 28 Advertisements
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Advertisement15 2011-09-23 28 FORMULA ONE Rev up with a round-up of the livewires in this circuit PAGE 3215 words
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Page 29 Advertisements
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Advertisement1412 2011-09-23 29 UBS and Formula 1™ Advertising Feature UBS UBS Ik UBS UBS UBS UBS Investing in Asia 2010 FORMULA 1 SINGTEL SINGAPORE GRAND PRIX UBS and Formula 1™: A partnership of excellence A commitment to high performance and success through teamwork: these are two key values that UBS shares with Formula1,412 words
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Page 31 Advertisements
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Advertisement72 2011-09-23 31 i SB F, CV_ 'v 1 r IrJ n art e rr yJ\J Z ~s EU rv o v mn m *s J&- > -A. m i-i singaporeartmuseum VX--5-; V; y V '{vv; i- CREDIT SUISSE CREDIT SUISSE, LONG TERM PARTNER OF THE SINGAPORE ART MUSEUM. And proud sponsor of72 words
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Page 32 Miscellaneous
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Miscellaneous325 2011-09-23 32 CRYPTIC CROSSWORD Across 1 Most knowing old comedian on street (6) 4 Coasting in confused way with no clear view (8) 10 Supply joke over the internet? (5) 11 One certain knack to lose kilos in form of muscle exercise (9) 12 Rather like diesel? One may give it a325 words
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Page 33 Advertisements
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Advertisement151 2011-09-23 33 Personal Resident Chefs V >1 U, A r ifiii THE ASCOTT LIMITED A Member of CapitaLand Make Yourself at Home Take time to unwind, for a few nights or more. Being away doesn't mean you have to miss the comforts of home, like whipping up home-made treats in the kitchen151 words
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Page 35 Advertisements
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Advertisement200 2011-09-23 35 S E N T O S A SINGAPORE presents f Tim'uKJ#** K... Kuiff '0GEOBAE GOURMET KITCHEN A! At Celebrity Hong Kong Chef Lai opened his first world renowned Tim's Kitchen in the year 2000 and soon became the only Cantonese chef in the world with two restaurants awarded two Michelin200 words
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Page 36 Advertisements
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Advertisement34 2011-09-23 36 r ?»%> 7 •> v.J <• s *;V 'VU:. •'l p-. v* <Mi4i-JxA I »v MkSil vTO B J Ms r <>*?:* s\>. r s S :V SS-S^SSS-S'-M/'.■■;■. S. SS: :-vs s V.; vSiS- 7 -.'v. v v34 words
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