The Business Times, 4 May 2012

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Microfilm: NL32010
Total Pages: 48
1 12 The Business Times
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  • Title Section
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    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Friday, May 4, 2012
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  • Article, Illustration
    Lock icon Factories sputter, but may gather steam soon
    767 1  -  S’pore PMI slips amid sombre April for Asia, but electronics could lead recovery By TEH SHI NING [SINGAPORE] In a week of disappointing purchasing managers’ index (PMI) reports from economies across Asia, Singapore yesterday clocked a reading that was among the lowest. But
    BLOOMBERG  -  767 words
  • Article, Illustration
    Lock icon Remisiers want Apple to go with their S-chips
    660 1  -  They want curbs on trading in foreign shares to be eased By JAMIE LEE [SINGAPORE] If the Average Joe can invest in S-chips, then why not in Apple stock? The Society of Remisiers has appealed to the Monetary Authority of Singapore (MAS)
    660 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      109 1 HST INDEX 3,000.94 (-5.20) HST INDEX FUTURES 2,981 (-6) HSIMSCI 345.57 (-0.44) HSIMSCI FUTURES 343.20 (-1.10) us$ s$ US$ (S$ per US$) 1.241 (US$/S$ per 1.618 2.008 EURO (US$/S$/E) 1.316 1.633 Foreign currency per US$ S$ YEN 80.30 64.70 RM 3.029 2.441 HK$ 7.759 6.253 BAHT 30.91 24.91 RUPIAH
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    • Article
      Lock icon PRIME RATES
      35 1 SINPiAPORC MAlAvSiA 373 X55 HUN!* KDMO itmoojp ma 34 vm TAIWAN so?.*. lAPAN f Atl KOflfCA *Ui 0R( Ditto II 4 us 3.25 CANADA 3 jo a ''vVIf/t UiANC* INDIA 14 Source: Bloomberg
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      105 1 PROPERTY Blackstone buys StarHub Green for $210m PAGE 8 WINE Power pairings PAGE 35 OPINION Hong Fok: More safeguards for minorities? PAGE 19 OCBC Ranked world’s strongest bank again PAGE 2 LUXURY LIVING A six-page supplement on cooking in style I PAGES 25-30 MICE Corporate Travel A special 12-page pullout
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      2 1 *****1 *****4
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  • TOP STORIES
    • Article
      Lock icon OCBC again ranked world’s strongest bank
      581 2  -  DBS and UOB stay in the top 10; Canada banks have biggest presence in the list By CONRAD TAN [SINGAPORE] Singapore’s banks have been ranked among the world’s strongest for the second straight year in an annual ranking by Bloomberg Markets magazine. OCBC Bank
      581 words
    • Article, Illustration
      Lock icon S’pore needs immigration but selectively
      698 2  -  By MALMINDERJIT SINGH [SINGAPORE] The Republic still needs immigration to supplement its workforce, but it needs to be more selective as unskilled labour has contributed to income inequality here. Economists at a roundtable discussion yesterday agreed on this, adding that the proportion of foreigners should
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    • Article
      Lock icon THREE-MINUTE DIGEST
      468 2 Factories sputter, but may gather steam soon IN a week of disappointing purchasing managers’ index reports from economies across Asia, Singapore yesterday clocked among the lowest. But economists saw little cause for alarm in the April PMI of 49.7, which flags a contraction in manufacturing. FRONT PAGE Remisiers
      468 words
    • Article
      Lock icon More members and diversity in productivity council
      449 2  -  By CAI HAOXIANG [SINGAPORE] The high-lev-el group steering Singapore’s productivity drive just got bigger and more diverse. There are 25 members in the National Productivity and Continuing Education Council (NPCEC) now, including 14 new members. Chaired by Deputy Prime Minister Tharman Shanmugaratnam, the
      449 words
    • Article, Illustration
      Lock icon Easier now to improve lot of low-wage workers: NTUC
      376 2  -  By CAI HAOXIANG [SINGAPORE] The National Trades Union Congress (NTUC) has always been concerned about stagnating wages at the bottom. But it took a tightening of the availability of cheap foreign workers to make its voice louder, said NTUC president Diana
      FILE PHOTO  -  376 words
    • Article, Illustration
      Lock icon It’s Keynes versus Friedman in this year’s US presidential race
      882 3  -  As Obama harps on Buffett tax rule, Romney will talk about free market By ROB CURRAN IT’S the dream match-up for economic theorists and political activists: In the Keynesian corner, draped in the flag of the “99%”, is President Barack
      AP PHOTOS  -  882 words
    • Article
      Lock icon PE funds await right moment to dock
      501 3  -  By LYNN KAN [SINGAPORE] Private equity houses will become bigger financiers of ships but they are still waiting for the “right moment”, said Deutsche Shipping Asia head Felix Ulbricht. In 2011, the industry saw some high-profile investments such as Carlyle Group’s tie-up with
      501 words
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      122 3 www.vw.com.sg Have a great Labour Day off(er) 1 Polo Sport 1.2 TSI Polo GTI $13,600* $18,700* Golf Sport 1.4 TSI Golf GTI E35 GolfR Scirocco 1.4 TSI Scirocco R $25,000* $28,300* $27,000* $25,300* $26,100* Touran Sport 1.4 TSI Golf Cabriolet 1.4 TSI $19,800* $17,000* Jetta Sport 1.4 TSI $15,600* Tiguan
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      334 4 Honour super mum for her love and dedication at Swissotel The Stamford Say "thank you" to the matriarchs of our homes and the grand dames of our lives over an indulgent afternoon at Equinox Restaurant or Cafe Swiss. EQUINOX RESTAURANT Sunday Champagne Brunch $168++ (adult) $74++ (child) 13 May 2012
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon OCBC doubles US note programme to US$10b
      496 4  -  Continuing good demand for US$ financing from our customers, says bank By SIOW LI SEN OCBC Bank is cranking up its US dollar funding programme as it continues to expand its US dollar loan book. In a statement yesterday, OCBC said it has
      496 words
    • Article
      Lock icon CMT’s Hougang Plaza goes to Oxley for $119m
      481 4  -  Buyer plans mixed development; seller expects $83.3m gain By FELDA CHAY OXLEY Holdings, fresh from its purchase of McDonald’s Place, has snapped up Hougang Plaza for $119.1 million from CapitaMall Trust (CMT). In a statement issued to the Singapore Exchange yesterday, CMT
      481 words
    • Article
      Lock icon Creative trims Q3 loss to US$1.5m despite lower sales
      242 4 CREATIVE Technology narrowed its net loss for the third quarter ended March 31, 2012, to US$1.5 million from a net loss of US$13 million a year ago as operating performance improved. Sales in Q3 2012 decreased by 21 per cent to
      242 words
    • Article
      Lock icon Let SIP investors use CPF for foreign blue chips
      672 4  -  HOCK LOCK SIEW By R SIVANITHY THE recent requirement that retail investors have to pass a test before investing in Specified Investment Products (SIPs) was aimed at ensuring these individuals had a decent understanding of instruments that were deemed either risky
      672 words
    • Article
      Lock icon UPP revamps structure, eyes Myanmar business
      540 5  -  Revamp could see company venturing into infrastructure related activities By KELLY TAY YET another firm main-board-listed UPP Holdings Ltd is jumping on the bandwagon to explore business opportunities in Myanmar. In an announcement released late Wednesday evening, the paper manufacturer revealed its plans to
      540 words
    • Article, Illustration
      Lock icon Cerebos Q1 profit slides 13% on higher costs
      359 5  -  By VEN SREENIVASAN CEREBOS Pacific posted lower net profit for the first quarter to end-March 2012 due to the timing of the Chinese New Year festive sales and rising operating costs due to promotional activities. Part of the higher costs were due
      359 words
    • Article
      Lock icon Venture Corp posts 13.7% fall in Q1 earnings
      287 5  -  By JASMINE NG ELECTRONICS services provider Venture Corp’s first-quarter net profit fell 13.7 per cent to $35.51 million from $41.16 million a year ago. As a result, earnings per share for the three months ended March 31 eased to 12.9 cents from
      287 words
    • Article
      Lock icon Hyfl ux posts 4% rise in Q1 profit
      506 7  -  Revenue up 60% but higher raw material costs and wage bill impact earnings By LIM WEI SHENG WATER solutions provider Hyflux posted a first-quar-ter profit after tax and minority interests (Patmi) of $7.68 million, up 4 per cent year on year. Driven
      506 words
    • Article
      Lock icon Parkway Life Reit’s Q1 DPU up 8.5%
      418 7  -  By NISHA RAMCHANDANI PARKWAY Life Reit’s distribution per unit (DPU) climbed 8.5 per cent to 2.56 cents for the first quarter ended March 31. Gross revenue for the first quarter worked out to $22.8 million, up 6 per cent year-on-year, while net property
      418 words
    • Article, Illustration
      Lock icon M&C posts 31.5% rise in pre-tax profit for Q1
      390 7 Reuters [LONDON] Hotelier Millennium Copthorne said its pretax profit grew by 31.5 per cent in the first quarter, boosted by strong growth in the Asian market and a rise in the price of its hotel rooms. London-based M&C, which operates over
      Reuters  -  390 words
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      48 5 You have complex shipment tasks. We have the best tactics for you. Our staff has tailor-made, flexible solutions for your international letter, newspaper and parcel shipments because your success is our success. Please contact us by calling +65 6748 4484 or going to www.swisspost.com.sg/flexible Excellence delivered. SWISS POST
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      72 5 Till Junk foods and red meats may contain high levels of trans and saturated fats which build up in your liver. Over time, it may weaken your liver functions. Health news from B LIVE WELL NATEE UTARIT (Thai, B. 1970) Alice in Ordinary Land oil on linen Painted in 2008
      72 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Contel the new micro-caps leader
      587 6  -  It’s the most active with 394 million shares traded as JEL slips to third place; STI loses 5.2 points STOCKS R SIVANITHY Senior Correspondent JEL’s position as de facto leader of the penny segment was yesterday usurped by Contel Corp, which gained an amazing 96
      Source: Bloomberg  -  587 words
    • Article
      Lock icon STRAITS TIMES INDEX
      3 6
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 6 May 3 VALUE CLOSE BT OB/OS -295.00-136.00 BT CADI -*****.00 -71.00 BT 10-day MA -*****.00 -29.00 FTSE ST Mid Cap 685.26 -2.66 FTSE ST Small Cap 455.55 -3.56 FTSE ST All Share 724.24 -1.73 FTSE ST China Top 216.71 -0.37 FTSE ST China 251.77 -0.37 FTSE ST
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    • Article
      Lock icon MOST ACTIVE STOCKS
      53 6 VOLUME Contel 393,550,000 TT Intl 322,854,000 JEL Corp 258,557,000 AddvalTech 108,799,000 Qingmei 93,488,000 Rowsley 82,185,000 SingXpress 73,254,000 Magnus 70,705,000 Xpress 66,996,000 Thakral 62,516,000 VALUE($) Noble Grp 57,365,825 DBS Grp 56,807,270 TT Intl 53,638,823 SingTel 45,801,714 UOB 33,887,680 Contel 33,095,409 Wilmar 27,920,830 Genting SP 26,982,860 OCBC Bk 26,251,380
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 9 3 0 0 0 4 9 3 Manufacturing 44 59 35 6 7 11 50 66 46 Commerce 21 26 15 4 6 1 25 32 16 Tpt/Stor/Comms 6 23 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 33,358 33,358 43,343 43,343 Manufacturing 807,100 120,228 927,328 183,899 4,229 188,128 Commerce 808,923 53,107 862,030 207,034 2,552 209,586 Tpt/Stor/Comms 83,207 14,544 97,751 125,285 4,957 130,241 Finance 34,353 34,353 127,826 127,826 Construction 96,985 21,077 118,062 9,552
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      111 6 Stock name Close Change CapMallsAsia 1.500 -0.015 CapitaLand 2.980 +0.010 CapitaMall 1.815 +0.010 CityDev 10.440 +0.280 ComfortDelGro 1.500 -0.015 DBS Grp 14.220 +0.070 F&N 7.130 -0.040 GLP 2.060 -0.040 Genting SP 1.740 -0.010 Golden Agri 0.735 HK Land 6.180 -0.060 JMH 49.500 -0.710 JSH 33.110 +0.410
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      831 6  -  Compiled by LYNN KAN Sembcorp Marine May 3 close: S$5.13 Maybank Kim Eng Research, May 3 SEMBCORP Marine (SMM) is due to announce its Q1 2012 results next Wednesday. We expect flat y-o-y growth in quarterly core net profit to S$155 million. Lower margins should not be a
      Apr Source: Bloomberg  -  831 words
    • Article, Illustration
      Lock icon Euro rises after ECB chief’s comments
      437 6 CURRENCIES Reuters [NEW YORK] The euro rallied from two-week lows against the US dollar yesterday after European Central Bank (ECB) chief Mario Draghi gave a more upbeat assessment of the eurozone economy than expected, reducing expectations of further monetary easing. Mr Draghi, in comments
      Reuters; AP  -  437 words
    • Article
      Lock icon RISES
      109 6 BY CENTS CLOSE UP DBXT MSKorea 10US$ 5928 76.9 1.1 Lyxor ThaiSET 10US$ ***** 59.5 0.4 JSH 3311 50.9 1.3 Asia Pac Brew 3350 40.0 1.2 CityDev 1044 28.0 2.8 DBXT iBoxxSing 5SG$ ***** 27.0 0.2 DBXT MSCHINA 10US$ 1148 16.1 1.1 Lyxor Malaysia 10US$ 942 13.6 1.2 Haw
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    • Article
      Lock icon FALLS
      125 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ 9939 -157.5 -1.3 Lyxor AsiaCS 10US$ 5412 -155.0 -2.3 JMH 4950 -88.1 -1.4 GLD 10US$ ***** -81.9 -0.4 Venture Corp 787 -79.0 -9.1 DBXT MSEurope 10US$ 4331 -68.2 -1.3 DBXT FTChina25 10US$ 2825 -49.6 -1.4 Lyxor China H 10US$ 1389 -42.2 -2.4
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      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      95 7 1 *6 C .^h 'I StftF *1 VT 1 A OROMRDRO-CI /I GRE/IT STREET. Download the PARAGON App LOSE YOURSELF ■^■the EXPERIENCE, NOT THE MALL. Sunlit atriums for dreamy browsing, wide walkways to link your favourite boutiques. At Paragon, you'll spend less time looking for the things you love, and
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      5 7 6281 5688 or 6757 4403
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Blackstone buys StarHub Green for $210m
      926 8  -  Ubi Ave 1 property is the private equity group’s first major purchase in S’pore By KALPANA RASHIWALA US-BASED private equity giant Blackstone Group is said to have made its first major property acquisition in Singapore. It has bought StarHub Green along Ubi Avenue 1
      ARTHUR LEE  -  926 words
    • Article, Illustration
      Lock icon Financial firms take up more Marina Bay space
      467 8  -  By MINDY TAN MARINA Bay has a higher percentage of financial and insurance companies compared with Raffles Place, with the amount of space occupied by these companies expected to grow as occupiers move in to newly completed buildings in the area. In
      FILE PHOTO  -  467 words
    • Article
      Lock icon Woodlands executive condo site draws 5 bids
      459 8  -  Chinese group tops tender with $317.65 psf ppr offer, 3.5% above MCL Land’s By KALPANA RASHIWALA A STATE tender for a 99-year leasehold executive condo (EC) site at Woodlands Avenue 5/Woodlands Drive 16 has fetched five bids. Top bidder Hao Yuan Investment, controlled
      459 words
    • Article
      Lock icon 57% of S’poreans want to change jobs over next year
      344 8  -  Only 41% feel valued by their current employer: survey By EVE YEO MORE than half (57 per cent) of Singaporean employees will be on the lookout for a new employer within the next year, according to a survey. The latest
      344 words
    • Article
      Lock icon Punggol residential project to be launched at $850 psf
      270 8  -  By LIM WEI SHENG ANOTHER private residential project in Punggol, FLO Residence, is being launched this May. The project, a joint-ven-ture between Capital Development Pte Ltd and ZACD Investments Pte Ltd, is located at Punggol Field Walk, near Coral Edge LRT.
      270 words
    • Article
      Lock icon Community Chest aims to raise $72.3m in funds
      249 8 COMMUNITY Chest yesterday announced an unprecedented $72.3 million fund-raising target to provide social service programmes for over 300,000 people. The funding is a 30 per cent increase from last year’s $55.7 million, and will support 82 voluntary welfare organisations providing 219 social
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      82 9 Heartiest congratulations and best wishes to a modern furnishing marvel DAVINCI GRAND OPENING Congratulations Our heartiest congratulations go out toDa Vincion its grand opening of the Bukit Timah showroom. We are privileged to be part of the limelight and look forward to a more fulfilling and immersive viewing experience for
      82 words
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  • ECONOMY WATCH
    • Article
      Lock icon Study exposes fallacies of trade deficits
      602 10  -  It debunks common view of developed world’s woes vis-a-vis emerging markets too By MALMINDERJIT SINGH ARE you one of those who believe that developed economies are losing out to emerging markets and are hence facing widening trade deficits? You would probably also have heard
      602 words
    • Article
      Lock icon ECB holds rates, resists calls to restart bond buys
      539 10 Reuters [BARCELONA] The European Central Bank held interest rates at 1.0 per cent yesterday and will resist calls to do more to fight the eurozone crisis, putting the onus on governments to foster growth and head off anger over austerity policies.
      Reuters  -  539 words
    • Article, Illustration
      Lock icon Long bumpy road ahead for Britain: CBI
      445 10 But underlying conditions starting to improve Reuters [LONDON] Britain’s economy faces a long and difficult recovery with substantial headwinds from the euro zone and high oil prices, a leading business lobby group said yesterday as it revised down its growth forecast for 2012.
      Reuters; AP  -  445 words
    • Article
      Lock icon South Korea approves emissions trading scheme
      417 10 AFP [SEOUL] South Korea’s Parliament has approved a long-de-layed bill to start trading carbon dioxide emissions in 2015, joining the vanguard of countries battling climate change. The legislation approved late on Wednesday means it will become one of the first Asian countries to implement
      AFP  -  417 words
    • Article, Illustration
      Lock icon NZ jobless rate climbs to 6.7% in Q1
      557 10 Bloomberg [WELLINGTON] New Zealand’s unemployment rate unexpectedly rose to the highest since 2010 as more people unsuccessfully sought work, adding to the case for the central bank to keep interest rates at a record low this year. The jobless rate rose to
      Bloomberg; BLOOMBERG FILE PHOTO  -  557 words
    • Article
      Lock icon Turkey attacks S&P for outlook revision
      367 10 AFP [ISTANBUL] Turkish Prime Minister Recep Tayyip Erdogan denounced Standard and Poor’s (S&P) rating agency yesterday, saying its downgrading of Turkey’s outlook was clouded by an “ideological approach”. Mr Erdogan told a televised meeting in Istanbul: “This is entirely an ideological approach. You cannot
      AFP  -  367 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Foreign investors cut exposure to rupiah assets
      625 11 Reuters [SINGAPORE] Investors in Indonesia are facing a tricky manoeuvre balancing their bullishness on the economy with fears the currency is set to weaken this year, and are finding the best option is to cut exposure to rupiah-denominat-ed assets. Foreign investors have been
      Reuters; REUTERS  -  625 words
    • Article
      Lock icon Tenaga COO Azman to take over as CEO
      321 11 [KUALA LUMPUR] Malaysian electrical utility Tenaga Nasional Bhd has appointed its executive director and chief operating officer Azman Mohd as its president and chief executive officer with effect from July 1. Malaysia’s The Star reported yesterday that the Tenaga board had received
      321 words
    • Article
      Lock icon Minimum wage may hurt M’sian glove makers
      462 11  -  Wage inflation and rising energy costs could push smaller units to consolidate By PAULINE NG in Kuala Lumpur MALAYSIAN employers especially small- to medi-um-sized enterprises are expected to find the implementation of a minimum wage challenging when it comes into effect in six
      462 words
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      7 11 Available at KINOKUNIYA PROLOGUE MPH TIMES DUFRY
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      134 words
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  • GREATER CHINA
    • Article, Illustration
      Lock icon China April trade surplus at US$10b, says minister
      398 12 Yuan strengthens following Chen Deming’s ‘rough prediction’ Bloomberg Reuters [BEIJING] China had a trade surplus in April of just above US$10 billion as exports and imports s h o w e d“ v er y sma ll growth”, Commerce Minister Chen Deming
      Bloomberg; Reuters; AP  -  398 words
    • Article, Illustration
      Lock icon Stronger yuan key to growth: Geithner
      591 12 Bloomberg [BEIJING] US Treasury Secretary Timothy Geithner said further appreciation in the yuan is important to aid a reshaping of China’s economy as significant as the nation’s opening of its markets in the 1970s. “A stronger, more mar-ket-determined” currency would “reinforce China’s reform objectives
      Bloomberg  -  591 words
    • Article
      Lock icon Service sector growth eases from 10-month high
      468 12 Reuters [BEIJING] China’s non-Man-ufacturing Purchasing Managers’ Index (PMI) showed yesterday that the services sector cooled last month, retreating from March’s 10-month high to hit 56.1 in April. The softer reading underscores the two manufacturing PMI figures for April one official, one from HSBC
      Reuters  -  468 words
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      1226 12 MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices SHINHAN BANK (INCORPORATED IN THE REPUBLIC OF KOREA) CONSOLIDATED STATEMENTS OF FINANCIAL POSITION As of December 31,2011 and 2010 INDEPENDENT AUDITORS' REPORT The Board of Directors and Stockholders Shinhan Bank: We have audited the accompanying consolidated statements of financial position of Shinhan
      1,226 words
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      331 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF AMFRASER NOMINEES PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) (Co. Reg. No: *****0035H) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 4 Shenton Way, #13-01, SGX Centre 2, Singapore *****7 on
      331 words
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  • WORLD
    • Article, Illustration
      Lock icon Osborne raps EU ministers in bank capital row
      770 13 He accuses them of trying to water down controls agreed by regulators Reuters [BRUSSELS] Britain’s George Osborne accused fellow EU finance ministers of trying to water down Europe’s bank capital rules and said this would make him “look like an idiot”, as
      Reuters; AFP  -  770 words
    • Article
      Lock icon A corruption case highlights Greek political culture
      600 13 In a rare case of its kind, an ex-minister is charged with graft NYT [ATHENS] When the authorities detained a former defence minister here last month pending trial, many Greeks found it cause for celebration, a rare case of a “big fish” meeting
      NYT  -  600 words
    • Article
      Lock icon BOE ready to act to stem banking excesses: King
      627 13 Bloomberg [LONDON] Bank of England governor Mervyn King said central bank officials are prepared to take unpopular measures to prevent banking excesses from undermining financial stability and economic growth. “Our role will be to take away the punch bowl just as
      Bloomberg  -  627 words
    • Article, Illustration
      Lock icon Berkshire trails S&P 500 for third year
      724 14 Lack of value added to companies, little clarity on succession weighing on stock Bloomberg [NEW YORK] Berkshire Hathaway Inc shareholders missed out on better returns from the Standard Poor’s 500 Index by sticking with chairman Warren Buffett after each of his last three
      Bloomberg; BLOOMBERG FILE PHOTO  -  724 words
    • Article
      Lock icon Services grow in April at slowest pace in 4 months
      451 14 LATEST US DATA Bloomberg [WASHINGTON] Service industries in the United States expanded at a slower pace than projected in April, a sign the largest part of the economy may struggle to accelerate in the absence of faster job growth. The
      Bloomberg  -  451 words
    • Article, Illustration
      Lock icon Asean+3 crisis lending facility strengthened
      527 14  -  CMIM fund doubled to US$240b, to be endorsed by Nov By ANTHONY ROWLEY in Manila THE Chiang Mai Initiative Multilateralisation (CMIM) is finally becoming a de facto Asian Monetary Fund now that it is being doubled to US$240 billion and strengthened in other ways. Yesterday,
      AP  -  527 words
    • Article
      Lock icon Strong demand for eurozone debt but Spanish costs rise
      619 14 Reuters Bloomberg [MADRID] Investors kept up their appetite for Spanish and French government debt at auctions yesterday though embattled Spain was forced to pay a much higher price than in previous sales. France’s 10-year borrowing costs stayed relatively stable at the
      Reuters; Bloomberg  -  619 words
    • Article
      Lock icon EU ministers fall short of accord on bank capital rules
      344 14 Bloomberg [LONDON] European Union (EU) finance ministers failed to reach an agreement to toughen bank capital rules in the face of British resistance and now aim for a deal at their next meeting on May 15. Sixteen hours of talks
      Bloomberg  -  344 words
    • Article, Illustration
      Lock icon Best returns from self-storage firms
      1335 15 Bloomberg ranking puts them tops among 10 US Reit indexes over the past decade Bloomberg [SEATTLE] The best real estate investment in the past decade was found at the opposite end from trophy resorts and office towers, in 5-foot-by-5-foot lockers. Self-storage companies, which rent units
      Bloomberg; BLOOMBERG FILE PHOTO  -  1,335 words
    • Article
      Lock icon Legendary US gas trader calling it a day
      691 16 John Arnold tells investors that he would return their funds and pursue ‘other interests’ Reuters [NEW YORK] Legendary natural gas trader John Arnold is closing down his flagship Centaurus fund, sources said on Wednesday, ending an era in which the former Enron
      Reuters  -  691 words
    • Article, Illustration
      Lock icon Sarkozy fails to knock out rival in debate
      719 16 AFP Reuters [PARIS] Nicolas Sarkozy’s re-election bid got tougher yesterday, the day after he failed to land a much-need-ed knockout blow on Socialist frontrunner Francois Hollande in a sole, bitter televised debate. Wednesday’s debate was ferocious, with many French commentators surprised at
      AFP; Reuters; REUTERS  -  719 words
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      Lock icon 1-Series compact fuels BMW Q1 profit
      595 16 It posts 19% rise in Ebit to 2.13b euros as sales jump 14% Bloomberg [BERLIN] Bayerische Motoren Werke, the world’s largest maker of luxury vehicles, reported first-quar-ter profit that beat analyst expectations as demand for the revamped 1-Series compact fuelled record deliveries. Earnings before
      Bloomberg; REUTERS  -  595 words
    • Article
      Lock icon Nokia promises new products to investors
      428 16 Reuters [HELSINKI] Nokia’s outgoing chairman Jorma Ollila promised a range of new products ahead of a meeting yesterday with shareholders who are increasingly losing patience with the company’s recovery efforts. In an interview published yesterday, Mr Ollila told the Financial Times the Finnish company
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      2243 13 MATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF WING SHIP MAINTENANCE PTE. LTD. (In Members’ Voluntary Liquidation) Co. Reg. No. *****1371M NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of Wing Ship Maintenance
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      168 13 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SOUTH GRAND INVESTMENT PTE LTD Co. Reg. No. *****0181H (IN MEMBERS’ VOLUNTARY LIQUIDATION) FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies Act, Cap. 50, that a Final General Meeting
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      196 14 NOTICES GUANGZHAO INDUSTRIAL FOREST BIOTECHNOLOGY GROUP LIMITED (UNDER JUDICIAL MANAGEMENT) RC No. *****5430G (SGX CODE: G21) Expressions of Interest Yit Chee Wah of FTI Consulting (Singapore) Pte Ltd. was appointed as Judicial Manager of Guangzhao Industrial Forest Biotechnology Group Limited (the “Company”) on 28 March 2012, The Company is listed
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      116 15 Want to Shine at ChildAid? BIGGER, BETTER BRIGHTER BE PART OF SINGAPORE’S BIGGEST CHILDREN’S CHARITY CONCERT. JUST LIKE THESE YOUNG TALENTS, YOU CAN SPREAD THE JOY OF GIVING AND HELP THE LESS FORTUNATE SIMPLY BY UNVEILING YOUR TALENT. EMAIL A VIDEO OF YOUR PERFORMANCE WITH YOUR NAME, AGE, CONTACT AND
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      35 16 91.3FM LIVE CHARTS t G<v* Your Heart a Break A Thousand Years CMstnaPerrt Sp* Summer Paradi w 9 V DOWNLOAD THE NEW 31.3FM APR NOW! 91.3FM TODAY'S BEST HUSiC Available on the J App Store
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      30 16 THORNY ISSUE Indians seem to have a love-hate relationship with Singapore’s king of fruits AKSHAY KUMAR IS ROWDY RATHORE GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
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  • AVIATION/SHIPPING
    • Article
      Lock icon AirAsia split may derail recovery of MAS
      640 17 Malaysia Airlines may find it tough banking on premium sector alone, say analysts AP [KUALA LUMPUR] State-owned Malaysia Airlines’ split with budget carrier AirAsia just eight months after they joined forces may jeopardise its plan to recover from hefty losses by focusing on
      AP  -  640 words
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      Lock icon China’s shipbuilders founder as orders dry up
      821 17 Hundreds of yards facing bankruptcy amid the downturn Reuters [YUEQING, China] Welder Zhang fires up his blow torch and looks up at the towering, 8,800-tonnes oil tanker that is likely to be his last job at China’s privately owned Qiligang Shipbuilding Co. Barring
      Reuters; REUTERS FILE PHOTO  -  821 words
    • Article
      Lock icon Lufthansa to scrap 3,500 admin jobs
      366 17 Bloomberg [FRANKFURT] Deutsche Lufthansa AG will scrap 3,500 administrative posts as it seeks to improve profitability with a 1.5 billion-eu-ro (S$2.4 billion) cost-reduc-tion programme. The global job cuts will help Lufthansa deliver one-third of the savings it’s seeking by the end of 2014, the
      Bloomberg  -  366 words
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      Lock icon Boeing unveils new wingtip design
      628 17 Reuters [CHICAGO] There are, so the industry saying goes, only three secrets in the commercial airplane business: the selling price, the production cost and the shape of the wing. Boeing and Airbus are testing that proverb to the limits as they squeeze improvements out of
      Reuters; REUTERS  -  628 words
    • Article
      Lock icon Capacity glut to hit earnings at European ports
      535 17 Bloomberg [HAMBURG] Europe’s top container ports face a glut in capacity that’s set to crimp profit margins as new terminals ordered prior to the 2008 slump open for business. Harbours in northern Europe including Antwerp, Hamburg and Rotterdam, the continent’s top three,
      Bloomberg  -  535 words
    • Article
      Lock icon TRANSPORT STOCKS
      256 17 SGX '000 May 3 S$ +/-Vol CH Offshore 0.46 -0.02 1074 Chuan Hup Hldg 0.24 -0.01 185 Cosco Corp 1.07 0.02 3319 s$ Ezra Hldgs 1.09 0.02 5622 First Ship Lea 0.19 unch 435 Freight Links 0.06 unch 387 Grand Banks unch unch 0 Jaya Hold Ltd 0.56
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    • Article
      Lock icon The Business Times Shipping times
      3667 23 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 r8fl ucean conventional, breakbulk project Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination
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  • EDITORIAL & OPINION
    • Article
      Lock icon High inflation plus low growth is a minus
      495 18 EDITORIAL ONLY one business in Spain is booming these days, one wit notes. And that is the teaching of English and German. Unfortunately, Britain has just slid into recession, while the number of people out of work in Germany unexpectedly rose last
      495 words
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      Lock icon Election 2012 and the Asian American vote swing
      777 18  -  THE BOTTOM LINE LEON HADAR Washington Correspondent THEY tend to gravitate to careers in the private sector and many of them have created and managed small businesses. Not many of them belong to the top wealthiest one per cent of Americans; but
      777 words
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      Lock icon Private banks focus on new business models
      1120 18  -  Those able to develop a market specific strategy more likely to emerge winners By LEONG KOK KEONG, PHILIP LEE Leong Kok Keong is head of financial services and Philip Lee is head of private banking at KPMG in Singapore. The views expressed are
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      Lock icon Hong Fok: More safeguards for minority shareholders ?
      1169 19  - Hong Fok: More safeguards for minority shareholders While a company may have complied completely, the rules as they are may not fully benefit minority shareholders By MAK YUEN TEEN The writer is an associate professor at the NUS Business School. RECENT reports in The Business Times have highlighted issues in
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      Lock icon CIMB betting on the right horse in Manila
      808 19  -  By AL LABITA MALAYSIAN corporate giant CIMB Group may have struck gold in its maiden expansion foray into the Philippines. By acquiring control in a medium-sized Manila bank, the Bank of Commerce (BankCom), CIMB has gained an extra bonus partnership with powerhouse
      AFP/BLOOMBERG  -  808 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3045 20 Transaction date: May 3 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 Company Last Sale 88 51 ABR Hldgs 85cd unch 18 86 85 85 86 3.1 2.4 13.6 170.7 Vol Day
      3,045 words
    • Article
      Lock icon SGX CATALIST
      192 21 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer Seller C’vr PIE Smil 4.'
      192 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7637 21 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited 0.99/ Aberdeen Asset Mat Asia Limited Asian Smaller Cos 1 .1 6684/ EM Local Ccy
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    • Article
      Lock icon GLOBALQUOTE
      193 21 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 46 25.5 Genting HK US$ US36.5 -0.5 4373 37.5 36.5 36.5 37 2403.3 Last 201 168 TanChongInt HK190cd -3 60 193 190 190 193 4.3 3.7
      193 words
    • Article
      Lock icon SGX ETF
      915 21 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 111.5 ABF SG Bond ETF 118.5 +0.5 43 120 118.5 118 118.5 540.9 103 100 CIMB APAC Div 100US$ US103 102.1 103.2 10.8 1261 856
      915 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX FUTURES
      589 22 May 3 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9397.87 9417.96 9344.53 Jun12 9380.00 9405.00 9260.00 9320.00 ***** *****7 Sep12 9305.00 9305.00 9300.00 9365.00 97 7981 MSCI TAIWAN INDEX FUTURES SPOT 274.53 274.75 273.32 May12 274.50 275.10 272.60 273.60 ***** *****5 Jun12 273.60 1
      589 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      111 22 As on 2 May 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT JUN2012 1660.50 1648.00 1654.30 142 CURRENCY AUD-USD FUT JUN2012 1.0294 1.0257 1.0275 1536 EUR-USD FUT JUN2012 1.3233 1.3126 1.3166 3336 BASE METAL COPPER FUT JUL2012 8430 8331 8352 2049
      111 words
    • Article
      Lock icon CHICAGO BOT
      107 22 May 2 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 12 1480.00 1497.75 1508.25 1478.00 Jul 12 1485.00 1503.50 1512.50 1481.00 Aug 12 1465.75 1486.75 1492.00 1458.75 Sep 12 1409.75 1432.50 1434.50 1403.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 12 54.33
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 22 CRUDE OIL PRODUCTS May 2 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 118.20 -1.69 WTI (Near Mth) 105.23 -0.82 Dubai (1-Mth F) 115.62 -0.29 Tapis blend 126.30 -0.21 Minas 125.60 -0.21 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 108.50 -2.61 Jet Kerosene 133.28 0.21 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 22 May 3 S$ Bid Offer 1-month 1.2403 1.2413 2-months 1.2402 1.2413 3-months 1.2400 1.2411 6-months 1.2390 1.2401 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 22 May 2 May 2 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2056.25 2082.25 3 months 2098.00 2123.00 Copper, Grade A(US$/tonne) Cash 8399.00 8537.00 3 months 8305.00 8440.00 Lead(US$/tonne) Cash 2128.25 2172.50 3 months 2132.00 2180.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 22 In local curr In S$ In US$ dy yr dy yr dy yr May 2 Index Change Change Change Change Change Change World Preliminary 900.3 -0.4 8.5 -0.1 4.4 -0.5 9.1 EAFE Preliminary 719.9 -0.3 5.5 -0.1 1.9 -0.5 6.5 Europe Preliminary 1061.3 -0.6 3.4
      373 words
    • Article
      Lock icon LIFFE
      80 22 May 2 COCOA (£/tonne) Close Prev High/Low May 12 1538 1515 1539/1515 Jul 12 1557 1535 1558/1534 Sep 12 1546 1521 1546/1516 Dec 12 1527 1505 1527/1502 COFFEE(US$/tonne) Close Prev High/Low May 12 1953 1942 1969/1944 Jul 12 1982 1980 1995/1972 Sep 12 1994 1993 2006/1985 Nov 12 1995
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1243 22 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 150 295 9.75 24 Baker Technology Ltd W*****6 2.7 1.7 353 1 32 1 12.78 6 Best World Intl Ltd W*****5 0.6 1 30 57 32.50
      1,243 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 22 May 3 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.014 6.489 0.782 7.989 54.821 94.682 0.827 11.616 3.119 1.279 93.493 43.434 1.278 7.949 0.940 30.091 31.825 0.636 1.030 Canada 0.986 6.400
      470 words
    • Article
      Lock icon SIBOR
      54 22 May 3 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 1.***** 0.***** SWAP Offer rates (S$) 6 mths 0.***** 9 mths SWAP Mid rates (S$) 0.***** 0.***** 12 mths 0.***** 6 mths 0.*****
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 22 May 3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2768 1.2783 1.0294 1.0298 Canadian dollar 1.2592 1.2607 1.0152 1.0156 Euro 1.6319 1.6336 1.3157 1.3160 NZ dollar 0.9984 0.9999 0.8050 0.8055 Sterling pound 2.0068 2.0089 1.6180 1.6184
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    • Article
      Lock icon PRECIOUS METALS
      125 22 May 3 •30iD m\m> Msy pj 1‘3y 0? llAny fWfty ieiK t£M9€ PS a<? 11 ktuit^oi Iti50»u ln‘vl '.n tm >* Source: Thomson Reuters cast iiaii M.»y a? on Uuy|n<i mb/ PttMP soto bars h»! ‘■etltrvQ PoVtA'I 10m u r-uin ■ill \oj/m ■'J' nr»? /Own K-« I3U Ml
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    • Article
      Lock icon GOVERNMENT SECURITIES
      81 22 May 3 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 02-Aug-12 0.24 0.17 0.17 1-Year BY*****T 02-May-13 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.13 5-Year N*****0Z 2.375 01-Apr-17 108.91 1-Year 10-Year
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    • Article
      Lock icon PALM OIL
      57 22 May 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 12 3430.0 3461.0 3435.0 3406.0 246 2646 Jun 12 3440.0 3463.0 3444.0 3406.0 2474 ***** Jul 12 3433.0 3452.0 3438.0 3395.0 ***** ***** Aug 12 3411.0 3435.0
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 22 As at 9am May 03 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.308 1.246 Can dollar 1.287 1.226 Euro 1.669 1.59 Sterling pound 2.046 1.968 NZ dollar 1.03 0.981 US dollar 1.258 1.21 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      157 22 May 3 $S Offer Bid 0vernight 0.05 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.15 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.05 0.85 12
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      47 23 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The business times Shipping Times I 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 Times
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      Lock icon Page 23 Advertisements Column 2
      18 23 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. _the Business Times Shipping Times
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      122 24 Shipping lines seeking reliable logistics partners Can they find your services here in the Shipping Times? urgently needed by shippers Can they find your services Here in the Shipping Times? The Business times ADVERTISE, CALI IOE WONG 9620 1 Shipping times fi'VvWJ Staff lA Boost Your Corporate Image Come publicise
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  • LUXURY LIVING
    • Article, Illustration
      Lock icon ALL SYSTEMS GO
      948 25  -  Kitchens are no longer just an area for cooking, but also a place to entertain. CORINNE KERKfinds out modern kitchens now come equipped with more lifestyle components CORINNE KERK IF austere furniture in austere times was the message at the recently concluded Milan Furniture Fair, then it
      948 words
    • Article, Illustration
      Lock icon Sizzle with style
      1024 28  -  An ideal cooking space not only needs the right equipment, the appliances must also fit right into a sleek and beautiful kitchen. By CORINNE KERK A LARGE part of a kitchen’s functionality has to do with its appliances, so the right equipment means a more efficient workplace.
      1,024 words
    • Article, Illustration
      Lock icon Domestic bliss
      584 30  -  Choosing the right bits and pieces, be it furniture or tableware, can add fun and functionality to your kitchen area. By CORINNE KERK NOW that you have your dream kitchen installed, it’s important to accessorise it with the right bits and pieces. Be it furniture or tableware, these
      584 words
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      162 25 Timelessly Black O Enhance your culinary experience with the timeless elegance of the new Miele Jet Black Series. A perfect blend of intelligent German technology and minimalist appeal, the premium selection of ovens, cooker hood and coffee maker would please the most discerning tastes. For more information, contact the Miele
      162 words
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      Lock icon Page 26 Advertisements Column 1
      57 26 Li L rd ry I I AAOR I Living room concept by Moretti Design Studio Made entirely in Bari, Italy www.morettiitalia.com LIFE. STYLE DESIGN Flagship Store 43 Keppel Road T:*****266 Park Mall #04-02 7:6336 8016 EVERYTHING’S Italian. (THE PRICE! Exclusive authorized distributors: 9 KELVIN GIORMANI www.furnitureclub.sg AYE (tos) KEPPEL ROAD
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      Lock icon Page 27 Advertisements Column 1
      506 27 KUK3 COEIREI 2011 /2012 SINGAPORE’S TOP 10 FURNITURE FURNISHING FIRMS M E LATEST SOFA COLLECTION Touch Feel These Exquisite Sofas At Our Showrooms Today! V :.,L a m 2012 J .'Tv T,.: T*.v 35v ,fc W fir vr ,w '■’•V. ''MpUAV; r'-'-'V .'f III -A/ i i KUKA EXPORT TO
      506 words
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      Lock icon Page 28 Advertisements Column 1
      87 28 kitchen culture b* ttj .a M 1 If it nr i l|i i I I i .1 j 2-4 —V--rJ -V/ PJJ|S HdCKer poniaffl Kuppersbusch The Swiss Leader rational* g!ifa 0 irinox UEBHERR Foster S= UIOLF lACORHUE 1 interlubke] kitchen culture exclusive showrooms: Singapore 2 leng kee road #01-02/05 #01-07
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      Lock icon Page 28 Advertisements Column 2
      240 28 MATTRESSES AND PILLOWS T “EAR For your best night's sleep Feel comfort, feel support, feel TEMPUR® TEMPUR® material is temperature-sensitive, so it is SOFT where you want it and FIRM where you need it™. Whether you prefer a firmer or softer mattress, TEMPUR® has a perfect fit for every body
      240 words
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      33 29 The only authorized authentic c m* P -r Wa as?' LC2 by Le Corbusier, Jeanneret, Perriand and Cassina. Design first. DISCOVER CASSINA AT DREAM Cassina 456 River Valley Road Singapore *****2 info@dream-int.com www.dream-int.com
      33 words
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      Lock icon Page 29 Advertisements Column 2
      183 29 mm m 5? Rest In Style Fjords® Classic, Timeless And Sophisticated Furniture Pieces. Every Fjords® Piece Is Designed With You In Mind Every Tiny Detail Is Tailored To Your Taste And Necessity. Back reclining adjustability locks onto your ideal reclining angle. Automatically provides best head back support for you; further
      183 words
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      66 30 Lush unleashes many more new designs and ideas i X J5 h C cmtemp orowy. furniture^ www.lush-lush.com contemporary furniture pop art lifestyle mm k I’ ideas bespoke ■HI I 73 Upp Raya Lebar Rd Centro Bianco Level 2 Level 3 S {*****8) Tel :+65-6858 5882 PLANK IP www.weloveai r.com Sophia
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  • executive lifestyle
    • Article, Illustration
      Lock icon Drawing from indie music
      1819 31  -  Having plenty of mutual respect and admiration for one another’s iconic output, local musicians are collaborating with artists to wear their indie art on their sleeves, reports DYLAN TAN reportsDYLAN reportsDYLAN TAN GONE are the days when the album covers of local indie releases were DIY
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    • CINEMA/MUSIC
      • Article, Illustration
        Lock icon Cruising for a bruising
        533 32  -  Chinese director Lou Ye’s Love and Bruises, told with his signature handheld, is a jarring homage to hate-sex, writes DYLAN TAN writesDYLAN writesDYLAN TAN THINGS get very 9½ Weeks in Chinese auteur Lou Ye’s latest film, Love and Bruises, an erotic drama with lots of painful
        FESTIVE FILMS  -  533 words
      • Article, Illustration
        Lock icon Monstrous Gaga mayhem
        340 32  -  DVD REVIEW By CHRISTOPHER LIM LAST weekend, only those above 18 were allowed to attend Lady Gaga’s concert at the Olympus Stadium in Seoul, due to complaints from conservative activists of obscenity and sexual deviancy. So, local fans can imagine the sort of irreverent entertainment Lady Gaga
        340 words
      • Article, Illustration
        Lock icon Glitches fail to unnerve old hands
        617 32  -  By CHRISTOPHER LIM PERFORMING without stage monitors headphones or speakers that let musicians hear what they are playing is the musical equivalent of racing motorcycles blindfolded. But such was the scenario that Dream Theater found themselves in on Wednesday night at the Kallang Theatre.
        617 words
      • Article, Illustration
        Lock icon Dalliances with jazz
        691 32  -  CD REVIEWS By CHRISTOPHER LIM JAZZ is like alcohol in cocktail mixes. Many artists like to add a dash to their music for variety, but are reluctant to commit a serious dose for fear of turning off listeners who don’t have the stomach for jazz’s swinging rhythms,
        691 words
    • ARTS
      • Article, Illustration
        Lock icon Walk on the wild side
        799 33 Japanese artist Shinji Ohmaki revels in the creative destruction of his installations, writesHELMI YUSOF writesHELMI writesHELMI YUSOF WHEN Shinji Ohmaki walks along the streets of central Tokyo, he starts thinking about death. It’s not because the city is gloomy, dark or dangerous. On the contrary,
        PHOTOS: HERMES THIRD FLOOR  -  799 words
      • Article, Illustration
        Lock icon Just horsing around
        124 33  -  By Rachel Loi Centaur of attraction: If you happened to see a forex trader “centaur” strutting about at lunch-hour in Raffles Place yesterday, talking furiously on his handphone, while brandishing a copy of The Business Times, you weren’t hallucinating. This “mythical creature” (made up of French artist
        RACHEL LOI  -  124 words
      • Article, Illustration
        Lock icon Emma Yong loses battle with cancer
        399 33  -  By HELMI YUSOF THEATRE’S leading talent Emma Yong died on Wednesday night after a 15-month battle with stomach cancer. The 36-year-old was a director’s favourite in the theatre scene because of her broad range of talents. She was what the industry called a “triple
        399 words
      • Article, Illustration
        Lock icon Shakespeare’sday in the sun
        733 33  -  By HELMI YUSOF IF music be the food of love, then a beach should be its playground. After all, if you’re going to fall in and out of love Shakespeare-style, why not get a tan while you’re at it? Singapore Repertory Theatre’s solid production of Twelfth
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      • Article, Illustration
        Lock icon Mass rapid tirades
        626 33  -  By HELMIYUSOF SMRT’S former chief executive officer Saw Phaik Hwa went through a lot in recent months, from managing the biggest train disruptions in the company’s history to bearing the brunt of public ridicule to her eventual resignation in January. With her new job at Auric Pacific,
        SIGHT LINES PRODUCTIONS  -  626 words
    • ARTS/GAMING
      • Article, Illustration
        Lock icon Paper cuts wide swathe
        983 34  -  A decade after American printmaster Ken Tyler inspired the Singapore Tyler Print Institute, the paper-making craft here now speaks volumes, writes CHEAH UI-HOON writesCHEAH writesCHEAH UI-HOON MOST people viewing the exhibitions at the Singapore Tyler Print Institute (STPI) only see the finished work in the form
        PHOTOS: SINGAPORE TYLER PRINT INSTITUTE  -  983 words
      • Article, Illustration
        Lock icon Masala Moliere
        411 34  -  By TAN TECK HENG THE words of English bard William Shakespeare seem to be dominating the arts calendar with at least three separate productions Romeo and Juliet, Twelfth Night and Lear Dreaming taking centrestage at various intervals. That’s why HuM Theatre chose to look elsewhere for inspiration for
        411 words
      • AroundTown
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          Lock icon Art
          172 34 Creative Colour Collaboration: Artists Ong Wee Teck and Michael Conlin both take a break from their careers in the IT industry, to hold their very own art exhibition at the Goodman Arts Centre. Ong, a painter, will showcase his paintings as well as photography, while Conlin is a glass
          172 words
        • Article
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          172 34 >Tiny Ruins: New Zealand musician and songwriter Hollie Fullbrook comes to Singapore to perform in a one-night-only concert at the Esplanade Recital Studio. Known as Tiny Ruins, she composes and performs her brand of indie folk pop. Expect to hear tracks off her debut album Some Were Meant For
          172 words
        • Article, Illustration
          Lock icon Stage
          221 34 Morrissey Live In Singapore: Vocalist Steven Patrick Morrissey (above, better known as just Morrissey) of the 1980s British alternative rock band The Smiths, will hold a solo concert in Singapore next week at Fort Canning Park. After releasing four studio albums with The Smiths during their short stint from
          221 words
        • Article
          Lock icon Classical
          88 34 Off On A Movie Adventure: The Bukit Batok Community Club’s ensemble West Winds presents a musical treat tomorrow evening at the Esplanade Concert Hall with Off On A Movie Adventure.During the hour-long concert, they will play instrumental versions of soundtracks from various movies including Star Wars, How To Train
          88 words
        • Article
          Lock icon Film
          170 34  -  Compiled by RACHEL LOI You Are Here: Directed by Canadian video artist Daniel Cockburn, You Are Here, is an independent film made up of multiple narratives. Originally released in 2010, You Are Here has won multiple awards including Top Prize at the European Media Art Festival 2011. You Are
          170 words
      • Article, Illustration
        Lock icon Stellar debut
        487 34  -  GAMING REVIEW By CHRISTOPHER LIM GAMES that try to excel in more than one genre too often fail at them all, but Fusion: Genesis balances a space shooter with role-playing elements just well enough to keep players going back for more at least for a while. The debut
        STARFIRE STUDIO  -  487 words
    • WINE
      • Article, Illustration
        Lock icon NZ wine’s new spin
        754 35  -  By CHRISTOPHER LIM MENTION New Zealand wine to the average wine drinker here and odds are the first mental association will be Sauvignon Blanc from the country’s Marlborough region. That success has come to both encourage and haunt New Zealand’s wine industry as it tries on
        PHOTOS: VILLA MARIA, NEUDORF  -  754 words
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        Lock icon Vinous power pairings
        1223 35  -  We all know the rules: red meat goes with red wine and white meat and fish with the whites but there are delicious ways to throw the rulebook out too, writesN K YONG writesN writesN K YONG WHAT wine shall we drink with dinner? Different answers depending
        1,223 words
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        Lock icon Wine queen toasts spicy local fare
        846 35  -  By DEBBIE YONG SHE is only 23, but she is already a queen. Of wine, that is. Annika Strebel is this year’s German Wine Queen a lofty title, she says, which simply means that she is an unofficial ambassador for German wine-growers and their
        ALECIA NEO, TABERNA WINE BAR  -  846 words
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  • Page 35 Miscellaneous
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      314 35 CRYPTIC CROSSWORD Across 1 Heraldic battle-dress? (4,2,4) 9 Score a point, being clever (4) 10 After game, find Scrabble piece that’s on the floor (6,4) 11 Left one with a Shakespearean part (6) 12 Humorist better touring the South (7) 15 Cracked up as a result of despair (7) 16
      314 words
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      127 36 SamsOnite BLACK LABEL f (9 **> f* V vsMi t 4 Sr •rSags SH CfjC'-*' m mmm 't\ d 5>yC -t T v..f' -V .f ass *«5 r y. --.Vii ■B m tm o SKIES m r-ir mim c? .'V i.'-X •t; mi v* 7 r- it- ;?tM: d CUBELITE.
      127 words
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  • THE BUSINESS TIMES MICE & Corporate travel
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      Lock icon En route to greater heights
      382 1  -  By Nisha Ramchandani D ESPITE uncertainties in the global economic environment, the corporate travel and MICE (meetings, incentives, conferences, and exhibitions) segments in the Asia-Pacific are poised for growth this year as companies from both within and outside the region strive to capitalise on growth
      REUTERS, FILE PHOTOS  -  382 words
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      Lock icon Building business links abroad
      1115 2  -  MICE events allow SMEs to network with targeted industry leaders who can help small business owners venture into different markets, says VIKRAM KSHETTRY The writer is the regional director of small business products (Asia-Pacific, Central Europe, Middle East and Africa) for Visa DURING my time at
      STOCK.XCHNG  -  1,115 words
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      Lock icon The value of the personal touch
      807 4  -  Travel managers know the importance of developing strong business ties in Asia, especially through in-person meetings, says JULIENNE LOH JULIENNE LOH The writer is the vice president and country manager (Singapore) for MasterCard Worldwide THERE is no doubt that the last five years have
      807 words
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      Lock icon Gaining control over travel costs
      1063 6  -  Hotel room rates are rising both here and in the region.GREG JAMESlooks at the various ways for companies to optimise their travel budgets GREG JAMES The writer is the general manager of HRG Singapore AFTER two years of cutting travel costs, companies are recognising the
      FILE PHOTO  -  1,063 words
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      Lock icon Building on the Singapore brand
      1012 8  -  The city continues to play host to many milestone events and its popularity as a MICE destination is increasing, writes Robert mcintosh writesROBERT ROBERT MCINTOSH The writer is the executive director of CBRE Hotels Asia Pacific THE operating performance of hotels in Singapore has continued
      Source: CBRE; Source: Union of International Associations  -  1,012 words
    • Article
      Lock icon How to get money back on your next trip
      1121 8 A growing number of travel sites are offering to track hotel deals or airfares after you reserve and to refund you the difference NYT [NEW YORK] YOU thought you scored a great deal when you found that US$200 rate for your
      NYT  -  1,121 words
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      Lock icon Using travel budgets to drive growth
      1341 10  -  Instead of cutting down on travel, companies should focus on optimising their travel spend to maximise the return on their investments, saysCARL JONES CARL JONES The writer is director of American Express Global Business Travel Advisory Services for Japan, Asia-Pacific, Australia BUSINESS travel has
      REUTERS  -  1,341 words
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      Lock icon The evolution of corporate travel
      1018 10  -  BRETTexplains the changes that will enable a richer travel experience with less anxiety and hassle DAVID BRETT The writer is the president of Amadeus Asia Pacific EARLIER in my career I remember the excitement of being selected to travel for business. The opportunity to work
      1,018 words
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      Lock icon Taking off big-time in Asia
      1136 11  -  The market for business jets in the region has grown rapidly in recent years.SCOTT NEALtracks the growth figures for the industry and the current challenges SCOTT NEAL The writer is senior vice-president (sales and marketing) at Gulfstream Aerospace Corporation TWENTY years ago when business jet
      1,136 words
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      Lock icon Providing the best user experience
      994 12  -  Online and mobile technology is leading the way for growth in corporate travel in Asia, saysBRETT BRETT HENRY The writer is the vice president (marketing) for Abacus International THE corporate travel sector in the Asia-Pacif-ic region has managed to remain steadfastly resilient despite a relatively
      994 words
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      51 1 CONTENTS: Building business links abroad PAGE 2 The value of the personal touch PAGE 4 Gaining control over travel costs PAGE 6 Building on the Singapore brand PAGE 8 Supplement Co-ordinator: Nisha Ramchandani Copy Editors: George Joseph, Josephine Chew Sub-editor: Naveen Verghese Cover design: Hyrie Rahmat Artists: Hyrie Rahmat, Noordin
      51 words
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      37 2 Getting to KL is just so convenient firefly We Fly 49 times weekly From Singapore Subang (Kuala Lumpur) Also fly from Singapore to Ipoh and Kuantan m-i L Malaysia’s Cfi 0 ce H Sfcisj www.fireflyz.com.my +65 *****833
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      304 4 r A A 'r K forte V EXCEPTIONAL EVENTS EXTRAORDINARY EXPERIENCES www.forte-mice.com EXPERIENCE THE EXCEPTIONAL AND EXTRAORDINARY EVENTS, FORTE'S PROMISE Forte was specially created to deliver Exceptional Events and Extraordinary Experiences to our clients who require creativity and high customer service standard on group traveling management. Be it a local
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      746 5 ADVERTISING FEATURE VOYAGER OF THE SEAS The Ultimate New Holiday Destination Coming This May! THE SEA IS CALLING ANSWER IT WITH ROYAL CARIBBEAN mm m xjr. V i J mSM A if... M ».Y y e 7 AW f 77 Or.* d 1 55?> fh i M. y w M
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      85 6 d m. as Whatever your event objectives are, Follow Me Japan will deliver a personalised service to you with our dedicated team of travel consultants. We always start with your organisation's objectives in mind and work closely with you from project conception to execution. Contact our travel consultants today to
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      233 7 A Nl HONG KONG 9X DAILY you get to pick the perfect time r 'V ■S3 SR J 1 iimiiimmim Sn m A > J* 4 T. A < tr v 0 t^a ■m v h Cathay Pacific HONG KONG TOURISM BOARD Book now with our travel agents Airelated Travel
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      212 8 SHOPPING PROMO! Taiwan 3D Minsu Experience fr $548 6D Taipei Minsu fr $628 HK& Thailand 3DHKF&E fr $413 4D HK Disney fr $543 4D HK Macau fr $553 3D Bangkok fr $191 3D Chiangmai fr$308 FREE $20/$50/$100 VOUCHERS 4D Maldives (fly by SQ) fr $1,048 CLUB MED Specials fr $560
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      561 9 A BT ADVERTISING FEATURE Enjoy rewarding moments of togetherness, ease of mind and a diversity of experiences bonding with your co-workers Conventions in extraordinary settings Club Med offers tailor-made programmes that meet an organisation’s aims to ensure that every event is unique and memorable AT Club Med resorts, guests enjoy
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      177 10 Carrying the Widest Range of Worldwide Luxury Cruise Vacations Cruise Lines in Southeast Asia Your One-stop Planner for Corporate Events Incentives on High Seas Widest choice of destinations, itineraries, cruise lines ships with customised options to meet different needs budgets Unsurpassed value with all-inclusive pricing that covers accommodation, dining, entertainment,
      177 words
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      356 12 Corporate events, refreshed Planning your next meeting or looking to boost staff camaraderie, but a little dry on ideas? Break free from land-based venues and see results when you take your events out to sea on SuperStar Virgo. a ao -■rJ e uni"" si A fresh approach Out at sea,
      356 words