The Business Times, 11 May 2012

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Microfilm: NL32010
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Friday, May 11, 2012
    25 words
  • Article
    Lock icon HK threatens to jail dodgy IPO bankers
    875 1  -  World’s IPO capital says investment bankers who lie in documents face up to 2 years in jail By SHU-CHING JEAN CHEN in Hong Kong THE new head of Hong Kong’s securities watchdog has revived a proposal to throw investment bankers into jail for
    875 words
  • Article, Illustration
    Lock icon SIA hopes to hitch a ride on SilkAir now
    605 1  -  Airline will flaunt connectivity with booming regional unit to ride storm By VEN SREENIVASAN [SINGAPORE] Singapore Airlines has a new strategy to deal with the tough market conditions it faces and its regional unit SilkAir will be at the heart of
    BLOOMBERG  -  605 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      110 1 GST INDEX 2,903.60 (+2.69) GST INDEX FUTURES 2,903 (+3) GSIMSCI 334.00 (+0.68) GSIMSCI FUTURES 333.70 (+1.10) US$ S$ US$ (S$ per US$) 1.250 (US$/S$ per 1.612 2.014 EURO (US$/S$/E) 1.296 1.619 Foreign currency per US$ S$ YEN 79.70 63.80 RM 3.065 2.453 HK$ 7.763 6.213 BAHT 31.07 24.87 RUPIAH
      110 words
    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.514 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
      17 words
  • Page 1 Advertisements
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      Lock icon Page 1 Advertisements Column 1
      114 1 CHANGI AIRPORT Milestone 50m passengers soon PAGE 3 COMMITTEE OF INQUIRY Maintenance was properly done: ex-SMRT head PAGE 2 CORPORATE RESULTS SingTel Q4 profit jumps 30% on tax credit PAGE 4 EXECUTIVE LIFESTYLE Offbeat and quirky participants of this year’s Arts Festival PAGE 39 LUXURY LIVING Exquisite extras PAGE 29-38
      114 words
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      21 1 ARTS FESTIVAL Must-see picks PAGE 42 8 *****1 *****4 Understanding exchange traded funds Read all about it on BTInvest at www.btinvest.com.sg
      21 words
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  • TOP STORIES
    • Article
      Lock icon Maintenance was properly done: ex-SMRT head
      582 2  -  Operator faced pressure to restore train services as soon as possible, says ex-CEO Saw COMMITTEE OF INQUIRY By SAMUEL EE [SINGAPORE] The former CEO of SMRT Corp yesterday insisted the rail operator had been diligent about maintenance and added that although the train breakdowns
      582 words
    • Article, Illustration
      Lock icon Different tacks in Hougang battle for votes
      654 2  -  PAP’s Desmond Choo highlights work on the ground; WP’s Png Eng Huat banks on staunch voter loyalty By CAI HAOXIANG [SINGAPORE] As they unveiled their candidates for the Hougang by-election yesterday, the People’s Action Party and the Workers’ Party laid out different approaches
      DESMOND WEE/THE STRAITS TIMES  -  654 words
    • Article
      Lock icon Onus on board of directors to approve risk management policy
      511 2  -  Approach set out in guide by Corporate Governance Council By JAMIE LEE [SINGAPORE] In governing risks to be taken on by a company, the board of directors should set the tone and direction of the company’s risk management, and approve
      511 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      610 2 HK threatens to jail dodgy IPO bankers THE new head of Hong Kong’s securities watchdog has revived a proposal to throw investment bankers into jail for making false statements in the document of an IPO they sponsor. At stake is a business that has made Hong Kong the
      610 words
    • Article
      Lock icon S’pore oil refineries chalk up higher margins
      458 2  -  By RONNIE LIM [SINGAPORE] Singapore’s oil refineries recorded higher margins last month as the price of crude feedstock as measured by benchmark Brent eased from the recent highs of US$125 a barrel in March. But it’s not clear yet if oil product demand
      458 words
    • Article, Illustration
      Lock icon Changi passengers could reach 50m mark this year
      552 3  -  Milestone can be met if airport manages 7.5% growth for 2012 By By NISHA RAMCHANDANI [SINGAPORE] Changi Airport could hit a milestone 50 million passengers if it achieves 7.5 per cent growth this calendar year, said Lee Seow Hiang, CEO of Changi
      552 words
    • Article
      Lock icon No suitable substitute for Libor benchmark yet
      660 3  -  Don: Enhance it by having experts compare quotes with actual transactions By EMILYN YAP [SINGAPORE] It may be wonky, but there is no good substitute for it yet. The London Interbank Offered Rate (Libor) is likely to remain a key benchmark for trillions
      660 words
    • Article
      Lock icon Air India strikes back – at its ‘sick’, striking pilots
      482 3  - Air India strikes back at its ‘sick’, striking pilots By NEETA LAL in New Delhi SOME of India’s top airlines are supposed to be sick; now, their pilots are following suit. Yesterday, pilots of beleaguered Kingfisher Airlines started calling in sick, forcing 17 flights from Delhi to be cancelled. The
      482 words
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      46 2 ONG RADIO Live the Ultimate 1 The Perfect Space for Family Entertainment Bringing together movies, television, Wii, and even iTunes for the family 176 Orchard Road, The Centerpoint #03-41 Tel *****138 I www.ongradio.com Elite Audio Systems Private Home Theatre Lifestyle and Mlllti-ZOne Systems Home Automation Systems
      46 words
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      47 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SingTel Q4 profit jumps 30% on tax credit
      761 4  -  Underlying profit up just 2.5% to 1.02b; full-year earnings up 4.3% at $3.99b By JOYCE HOOI SINGTEL posted a 30 per cent year-on-year jump in fourth-quarter net profit to $1.29 billion, driven by an exceptional net tax credit of $270 million. Without
      BLOOMBERG  -  761 words
    • Article, Illustration
      Lock icon CDL’s Q1 profit falls 45% to $156.7m
      783 4  -  Group expects to remain profitable in the current year By KALPANA RASHIWALA CITY Developments Limited (CDL) posted a 44.5 per cent or $125.6 million year-on-year drop in group net profit to $156.75 million for the first quarter due chiefly to the absence of
      783 words
    • Article, Illustration
      Lock icon Genting S’pore’s Q1 profit down 31%
      629 4  -  By GRACE LEONG GENTING Singapore’s net profit shrank 31 per cent from a year ago on lower gaming revenues as it continues to pull back on VIP credit activities in the face of an uncertain economic environment. For the first quarter ended March 31,
      BLOOMBERG FILE PHOTO  -  629 words
    • Article
      Lock icon Dairy Farm Group appoints COO
      300 4  -  By NISHA RAMCHANDANI GRAHAM Allan, formerly president of Dallas-based Yum! Restaurants International, will join the Dairy Farm Group as chief operating officer on June 1, Dairy Farm International Holdings said yesterday. Mr Allan will succeed Dairy Farm’s current group chief executive, Michael Kok, who is
      300 words
    • Article
      Lock icon Noble Q1 profit halved on supply chain asset loss
      501 4  -  By KENNETH LIM IN what turned out to be a disappointing day for commodities earnings, Noble Group said first-quarter profit almost halved on losses from supply chain assets and a slow agriculture season. Asia’s largest commodities trader posted net profit of
      501 words
    • Article, Illustration
      Lock icon Wilmar shares dive on slump in Q1 earnings
      611 6  -  Profit fall of 34% to US$255.9m due largely to losses in oilseeds grains By KENNETH LIM SHARES of Wilmar International fell sharply yesterday after the world’s largest listed palm oil company reported a larger than expected 34 per cent drop in first-quarter
      BLOOMBERG FILE PHOTO  -  611 words
    • Article
      Lock icon Chairman makes partial offer for Wing Tai
      436 6  -  By NISHA RAMCHANDANI ASCEND Capital, owned by Wing Tai Holdings’ chairman Cheng Wai Keung, has made a partial offer to acquire 15 per cent of the shares in Wing Tai that the Cheng family does not own at a price of $1.39 per
      436 words
    • Article
      Lock icon APB Q2 net drops 7.3% to $62.9m
      533 6  -  $29.8m provision for impairment of China subsidiary to blame By CAI HAOXIANG ASIA Pacific Breweries (APB) has reported a 7.3 per cent drop in net profit from $67.9 million to $62.9 million for its second quarter ended March 31. This was mainly due
      533 words
    • Article
      Lock icon Fortune Reit’s DPU jumps 15.6% in first quarter
      364 6  -  By MICHELLE TAN FORTUNE Real Estate Investment Trust (Fortune Reit) posted a 15.6 per cent jump in its first quarter distribution per unit (DPU) to 7.78 HK cents for the period ended March 31, 2012, which translates to an annualised yield of
      364 words
    • Article
      Lock icon At a glance
      264 6 NET PROFIT (S$M) TURNOVER (S$M) COMPANY CURRENT PREVIOUS CHG CURRENT PREVIOUS CHG Wilmar Int’l 321.61 486.08 -33.8 13,161.98 11,986.39 9.8 Genting SP 210.51 305.44 -31.1 786.99 917.36 -14.2 CityDev 156.75 282.34 -44.5 846.73 773.75 9.4 Noble Grp 138.40 255.41 -45.8 28,715.92 25,167.26 14.1 UOB-Kay Hian 23.16 31.08
      264 words
    • Article, Illustration
      Lock icon Petra Foods Q1 profit up 20.5%
      392 10  -  Branded consumer division posts 27.3% increase in Ebitda to US$18.1 m, as revenue grows 9.5% By CARINE LEE STRONG performance of its branded consumer division saw Petra Foods’ firstquarter earnings rise 20.5 per cent year on year to US$16.34 million, or 2.67 US cents
      392 words
    • Article
      Lock icon Optus seeks top court’s review after losing case
      293 10 Appeal comes after federal court throws out TV Now ruling Bloomberg [SYDNEY] SingTel Optus Ltd will ask Australia’s top court for a review after losing a legal dispute with sports leagues wanting to protect broadcasting rights valued at more than A$2 billion
      Bloomberg  -  293 words
    • COMPANY BRIEFS
      • Article
        Lock icon SGX dark pool JV Chi-East to unwind ops
        56 10 Reuters SINGAPORE Exchange said yesterday that its dark pool joint venture Chi-East will unwind its operations over the next two weeks as business volumes were weak and unlikely to improve. “Although trading volumes were improving, they were still far short of expectations,”
        Reuters  -  56 words
      • Article
        Lock icon Healthway Medical Q1 net profit up 24%
        53 10 HEALTHWAY Medical Corporation’s net profit attributable to shareholders for Q1 2012 was $1.85 million, an increase of 24 per cent from $1.5 million a year ago. Its total revenue for Q1 was $20 million, a dip of 2.3 per cent from S$20.4 million
        53 words
      • Article
        Lock icon Higher revenue boosts Oxley Q3 results
        90 10 OXLEY Holdings Ltd saw a 27 per cent year-on-year surge in net profit for its third quarter on the back of higher revenue. The property developer said earnings for the three months ended March 31, 2012, rose to $7 million from $5.5 million last
        90 words
      • Article
        Lock icon WBL to pay 5¢ interim dividend
        94 10 PROPERTY and automobile player WBL Corporation Ltd saw an 11.2 per cent year-on-year fall in net profit from a year ago for its second quarter as cost of sales eroded revenue gains. Net profit for the three months ended March 31 fell to $20.1
        94 words
      • Article
        Lock icon Super Group makes $17.68m in Q1
        49 10 SUPER Group Ltd (Super), an Asian leader of instant beverage brands, announced a 21 per cent increase in net profit for Q1 2012 to $17.68 million, from $14.56 million a year ago. Reveue climbed 23 per cent to $121.63 million from $99.12 million.
        49 words
      • Article
        Lock icon Hiap Hoe Q1 earnings jump 75%
        54 10 HIAP Hoe Ltd posted a 75 per cent increase in first quarter ended March 31, 2012, net earnings to $14.07 million from $8.04 million a year ago. The increase in profit is in line with record revenue, which rose 45.7 per cent year on
        54 words
      • Article
        Lock icon Tiong Seng Q1 profit more than doubles
        70 10 CONSTRUCTION and property development player, Tiong Seng Holdings, raked in a net profit of $5.0 million for the first quarter ended March 31 2012, up more than two-fold from a year ago. The strong results came on the back of an increased topline
        70 words
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      Lock icon Page 5 Advertisements Column 1
      210 5 I The new BMW ActiveHybrid 5 pml-bmw.com.sg Sheer Driving Pleasure if .Jt rtykjrJiL A BMW ActiveHybrid 5 AT WHAT POINT DOES A BADGE BECOME A BELIEF? While the conversations go on about carbon footprints and a sustainable future you move ahead. Staying true to your belief. By choosing the new
      210 words
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      370 7 rr Jo. never •mir i V »•> I i.- f 1 i 1 I I r “Hi \VlTfV > •n\9i9 m .J L isPiH 1 J r 5S2S JA' *8 i 'v «Sr :p sa f r. Vi tOt*1 nii ii r ...i 'll IliN j! IS '-5* ill! V
      370 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Penny action slows, average value up
      583 8  -  Selling of Wilmar shares takes centrestage as activity swings into larger stocks STOCKS R SIVANITHY Senior Correspondent Activity swung away from microcaps and into larger stocks yesterday, judging by the volume numbers. Excluding foreign currency counters, 2.4 billion units worth $1.5 billion were traded
      Source: Bloomberg  -  583 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 8 May 10 VALUE CLOSE BT OB/OS -956.00 -66.00 BT CADI -*****.00-107.00 BT 10-day MA -*****.00 -96.00 FTSE ST Mid Cap 667.95 +0.82 FTSE ST Small Cap 439.11 -2.35 FTSE ST All Share 701.46 +0.46 FTSE ST China Top 202.31 -2.23 FTSE ST China 234.50 -6.00 FTSE ST
      65 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      56 8 VOLUME Goldtron 275,832,000 JEL Corp 90,478,000 Gems TV 70,380,000 Wilmar 62,811,000 Qingmei 57,117,000 Golden Agri 55,767,000 TT Intl 46,790,000 HLH Grp 39,746,000 Contel 37,995,000 TopGlobal W*****9 37,837,000 VALUE($) Wilmar 271,901,530 SingTel 108,260,754 DBS Grp 94,760,998 SembMar 89,766,690 Keppel Corp 72,188,262 UOB 46,407,920 Genting SP 42,866,930 Olam 42,619,937
      56 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 8 2 0 0 0 3 8 2 Manufacturing 40 68 29 6 11 7 46 79 36 Commerce 16 32 12 5 4 1 21 36 13 Tpt/Stor/Comms 16 15 7
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,480 18,480 102,469 102,469 Manufacturing 405,912 348,167 754,079 463,672 4,879 468,551 Commerce 347,412 58,649 406,061 160,600 2,175 162,776 Tpt/Stor/Comms 108,423 25,979 134,402 219,285 8,745 228,029 Finance 27,342 50 27,392 170,875 11 170,885 Construction 78,448 6,371
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      113 8 Stock name Close Change CapMallsAsia 1.415 +0.005 CapitaLand 2.690 -0.010 CapitaMall 1.785 +0.010 CityDev 10.220 +0.040 ComfortDelGro 1.490 +0.015 DBS Grp 13.900 +0.160 F&N 6.990 +0.190 GLP 1.960 -0.060 Genting SP 1.670 -0.020 Golden Agri 0.695 +0.020 HK Land 6.010 +0.010 JMH 48.480 -0.020 JSH 31.760
      113 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      857 8  -  Compiled by LYNETTE KHOO SingTel May 10 close: $3.21 OCBC Investment Research, May 10 SINGAPORE Telecommunications (SingTel) reported its Q4 FY12 results yesterday morning, with revenue rising 3 per cent y-o-y (but down one per cent q-o-q) to $4.78 billion. Revenue was 6.1 per cent ahead of our
      May Apr Source: Bloomberg; Source: Bloomberg  -  857 words
    • Article, Illustration
      Lock icon Euro near 3-1/2-mth low vs dollar; yen up
      444 8 CURRENCIES Reuters [LONDON] The euro stayed close to a 3-1/2-month low against the dollar yesterday and was expected to suffer further losses as political deadlock in Greece increased the risk of insolvency and a possible euro exit. The common currency gained a
      Reuters; REUTERS  -  444 words
    • Article
      Lock icon RISES
      105 8 BY CENTS CLOSE UP DairyFarm 1140 79.9 5.9 GLD 10US$ ***** 73.7 0.4 JSH 3176 62.5 1.6 DBXT AUDCS 5SG$ ***** 55.0 0.2 UOB 1860 40.0 2.2 DBXT USDIGInfl 5US$ ***** 35.0 0.1 DBXT AUDCS 5AU$ ***** 27.8 0.1 Asia Pac Brew 3420 20.0 0.6 F&N 699 19.0 2.8
      105 words
    • Article
      Lock icon FALLS
      130 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ 9409 -662.0 -5.3 IS DJ US Tech 7292 -627.0 -6.4 DBXT iBoxxSing 5SG$ ***** -574.0 -4.3 DBXT AUDCS 5US$ ***** -398.4 -1.5 DBXT MSTHAI 10US$ 1862 -63.7 -2.7 Wilmar.ES.1205 433 -45.0 -9.4 Wilmar 427 -43.0 -9.1 DBXT SPASX200 10US$ 3260 -38.7 -0.9
      130 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
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      82 9 oijji E i T-\ i JA 'i AJ »SB* 5 >*«■ «i ■IB U»Bft r* *a. 55; JISSSIP! a Ml »r T hr |iff w* Uk. llt c S' ■■■s •■■■3! ■BBS ■■BBSS SV ■pH* s' r* *?;8i| S6? kJ mm h 02**39* ~a mm BflP*“ ■g' SSiiS"' ■a "0
      82 words
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      1293 10 First Quarter Results 2012 (Incorporated in Bermuda with limited liability) Dear Shareholders The Board of Directors of Noble Group Limited is pleased to present the unaudited consolidated financial results for the first quarter of 2012, together with those of the corresponding period of 2011. Noble recorded a quarterly revenue of
      1,293 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Top bid of $233.5m for EC site next to Tampines Trilliant
      571 11  -  Second highest EC land price since 2010 resumption of land sales By MINDY TAN AN executive condominium (EC) plot next to the Tampines Trilliant project yesterday received a top bid of $233.5 million, or $373.40 per square foot per
      571 words
    • Article
      Lock icon SCCCI, NTC to study innovation in SMEs jointly
      209 11 THE Singapore Chinese Chamber of Commerce Industry (SCCCI) and Nanyang Technological University (NTU) are working together on a survey that will look into the experience of small and medium-sized enterprises in the areas of technological innovation, restructuring of business operations, increasing productivity,
      209 words
    • Article
      Lock icon S’poreans think firms not doing enough for social causes: study
      266 11  -  By RACHEL AU-YONG SINGAPOREANS say businesses aren’t doing enough to support social causes, a newly released study found. Conducted by public relations firm Edelman, the study is the first of its kind to measure consumer attitudes around social purpose in
      266 words
    • Article, Illustration
      Lock icon Making progress on S’pore-JB transport links
      800 12  -  Initial steps to develop the Rapid Transit System Link get underway By MALMINDERJIT SINGH GOOD progress has been made to boost connectivity between Singapore and Iskandar Malaysia as initial steps to develop the Rapid Transit System (RTS) Link between Singapore and Johor Baru take
      FILE PHOTO  -  800 words
    • Article
      Lock icon Competing US, China can avoid conflict: ESM
      493 12  -  By MALMINDERJIT SINGH CHINA and the United States can avoid conflict, even if they compete, so long as this rivalry takes place within a stable international framework. Making the case for peaceful coexistence as the basis of growth in the US-China relationship, Emeritus
      493 words
    • Article
      Lock icon 9 green projects granted funding
      201 12  -  By MINDY TAN NINE projects have been awarded funding in the first public-private collaboration initiative for green building research, in a pilot grant call to encourage research and greater adoption of green building technologies. The projects, which will support the development of technologies in two
      201 words
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      Lock icon Page 11 Advertisements Column 1
      444 11 Fatty Foods Hurt (Your Liver 4 9 -Ti 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 I LIVE WELL Flexible Duplex Office Suites PROPERTY AWARDS ASIA PACIFIC
      444 words
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      164 12 a 4 HI JERRY LUM Snr Marketing Director, MBA, CES CEA licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg ERA Estate Agent Licence No L*****82K Whan You Buy. Sail, or Rent WHO WILL SHINE? If you know an individual who has demonstrated perseverance, determination and outstanding integrity, it
      164 words
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  • ECONOMY WATCH
    • Article
      Lock icon US slice of global investment pie shrinking
      577 13 Study says complex tax code, growing competition hinder development of business by foreign firms Reuters [NEW YORK] Foreign investment in the United States is ebbing and beefing it up is critical for economic growth as each job at a foreign company’s US unit
      Reuters  -  577 words
    • Article, Illustration
      Lock icon Australia surprises with fall in April jobless rate
      501 13 Currency up, stocks gain; govt less likely to cut interest rates Bloomberg [SYDNEY] Australia’s unemployment rate unexpectedly dropped to a one-year low as payrolls rose for a second straight month. The jobless rate fell in April to 4.9 per cent, matching the
      Bloomberg; BLOOMBERG  -  501 words
    • Article
      Lock icon Japan’s current account surplus recovers
      436 13 Exports improve but energy imports increase in March Reuters [TOKYO] Japan’s current account surplus fell in March from a year earlier but marked an improvement from the previous month as exports slowly recover due to rising demand from the United States and earnings on overseas
      Reuters  -  436 words
    • Article
      Lock icon Seoul keeps rates unchanged, shaves growth forecast
      351 13 Bloomberg [SEOUL] The Bank of Korea held off from altering borrowing costs for an 11th straight month after inflation eased and policy makers cut their forecasts for economic growth. Governor Kim Choong Soo and his new board kept the benchmark seven-day repurchase rate
      Bloomberg  -  351 words
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      35 13 6281 5688 or 6757 4403 “to be and appeal.'*'* Giovanni La Croce, Milano 9 .4 Kiton Singapore 6 Scotts Road #01-09 Scotts Square Singapore *****9 Tel:+65 *****354 Web: www.kiton.it THE BEST OF THE BEST +1
      35 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Slowing exportshit M’sia’s factory output
      481 14  -  March’s 0.6% year-on-year expansion weaker than expected By S JAYASAN KARAN in Kuala Lumpur MALAYSIA’S industrial production expanded a weaker-than-expected 0.6 per cent year on year in March compared to a revised 8.2 per cent in February, mirroring the slowdown in exports. Still, it was
      BLOOMBERG  -  481 words
    • Article
      Lock icon Indonesia holds rates, acts to reduce liquidity
      385 14 Bloomberg [JAKARTA] Indonesia took steps to reduce excess funds in the economy while extending a pause in inter-est-rate cuts as the sec-ond-worst performing major currency in Asia and the threat of higher fuel prices push up inflation risks. Bank Indonesia raised the rates
      Bloomberg  -  385 words
    • Article
      Lock icon Move over to more defensive stocks, advises KL stockbroker
      460 14  -  Foreign-owned shares more prone to election doubts By PAULINE NG in Kuala Lumpur INVESTORS should consider switching from large for-eign-owned stocks to more defensive counters as the former are more susceptible to a sell-down ahead of election uncertainties, a stockbroker has
      460 words
    • Article
      Lock icon Aviva puts Malaysian business up for sale: sources
      317 14 Reuters [HONG KONG] Aviva has put its Malaysian operations on the block and is close to hiring a bank to help with the sale process, sources said on Wednesday, as the British insurer moves ahead with a plan to exit non-core markets.
      Reuters  -  317 words
    • Article
      Lock icon Bumi in talks to repay US$1.3b of CIC debt
      323 14 Bloomberg [LONDON] Bumi plc, an owner of stakes in two Indonesian power-station coal producers, said it’s in talks to repay US$1.3 billion of debt to China Investment Corp (CIC) this year as part of a wider plan to reduce financing costs.
      Bloomberg  -  323 words
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      1763 14 KATsS notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF STRAMIT INDUSTRIES (SEA) PTE. LTD. (Co. Regn. No. *****0294M) (IN MEMBERS’VOLUNTARY LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting of the Company signed by the Representative
      1,763 words
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      211 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BOOKWISE ASIA PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) Company Registration Number *****0509M NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that the final meeting of the
      211 words
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      4860 15 VOLUNTARY CONDITIONAL CASH PARTIAL OFFER by DBS BANK LTD. (UEN/Reg. No: *****0306E) (Incorporated in the Republic of Singapore) for and on behalf of ASCEND CAPITAL LIMITED (Company Registration No. *****42) (Incorporated in the British Virgin Islands) for 15% of the issued and paid-up ordinary shares in the share capital of
      4,860 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China risks downturn in demand
      769 16 Weaker April export, import data signals growth underpinned by state spending Reuters [BEIJING] China risks a fresh downturn in demand for goods from its massive factory sector, with weak-er-than-expected exports and stalling headline import growth signalling that government spending is the crucial factor keeping the
      Reuters; AFP  -  769 words
    • Article
      Lock icon Fully convertible yuan by 2020: Citic economist
      499 16  -  By LYNETTE KHOO A FULL convertibility of the Chinese yuan could take place by 2020, which may bring the currency 20 per cent higher from its current level in the next eight years. By then, predicts Citic Bank International’s Liao Qun, Shanghai would
      499 words
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      Lock icon Beijing hardens rules for audit firms
      525 16 Big Four told their China ops must be run by the Chinese Reuters [BEIJING] The world’s top four accounting firms will have to bring in Chinese citizens to run their operations in China and end the dominance of foreign partners under new rules announced
      Reuters  -  525 words
    • Article
      Lock icon Indian govt team to woo fund managers, investors
      392 16 Bloomberg [MUMBAI] India widened efforts to lure US$75 billion to its capital markets to include investors in at least 10 countries from the US to Russia, signalling increased urgency among policy makers to bolster growth and stem the rupee’s drop. Government and
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      1300 16 KATS3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices I P C I I I C HiUTHCtll M 0 I 0 I N 6 I PACIFIC HEALTHCARE HOLDINGS LTD. Company Registration No.: *****0544H (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual
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  • WORLD
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      Lock icon Philippines not safe as clash looms, Chinese warned
      426 17 AFP [MANILA] China told its citizens yesterday they were not safe in the Philippines and its state media warned of war, as a month-long row over rival claims in the South China Sea threatened to spill out of control. Chinese travel agencies
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    • Article, Illustration
      Lock icon Greek president asks socialists to form govt
      610 17 EU leaders mount pressure on Athens over debt and decision on euro AFP Bloomberg NYT Reuters [ATHENS] Greek socialist leader Evangelos Venizelos was tasked yesterday with forming a government after political leaders failed again on Wednesday to form a ruling coalition, as increasingly
      AFP; Bloomberg; NYT; Reuters; AP  -  610 words
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      Lock icon March trade gap up 14% to US$51.8b
      423 17 LATEST US DATA Bloomberg [WASHINGTON] The trade deficit widened more than forecast in March as American demand for crude oil, computers, automobiles and televisions propelled imports to a record. The gap grew 14 per cent to US$51.8 billion, the Commerce Department reported in
      Bloomberg  -  423 words
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      Lock icon CIC stops buying European govt debt
      491 17 But fund seeks new Europe investments to boost returns Bloomberg [JOHANNESBURG] Gao Xiqing, president of China Investment Corp, said the nation’s sovereign wealth fund has stopped buying European government debt on concerns about the region’s financial turmoil. CIC will continue to look for new
      Bloomberg  -  491 words
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      Lock icon China’s ICBC gets nod to buy 80% of US lender
      589 18 Move marks biggest opening of US banking market to Chinese firms Bloomberg [SAN FRANCISCO] Industrial Commercial Bank of China Ltd has won approval to buy a US lender in the biggest opening of the American banking market to Chinese companies,
      Bloomberg  -  589 words
    • Article
      Lock icon Obama’s moment of risk-taking in polls race
      551 18 His support of gay marriage thrills, stokes outrage Bloomberg [WASHINGTON] President Barack Obama’s endorsement of gay marriage marked a rare moment of risk-taking on the most divisive civil-rights issue in the nation, changing the dynamics of his race for re-election. Mr Obama’s decision
      Bloomberg  -  551 words
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      Lock icon Japan bank profits may dive on poor interest margins
      556 18 Bloomberg [TOKYO] Record-low interest rates are squeezing lending margins at Japan’s three biggest banks to a third of the levels at their US counterparts. Combined net income at Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group will
      Bloomberg  -  556 words
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      Lock icon Americans work more, wages boost spending
      621 19 Consumer spending 70% of the US economy seen rising 2.5% this year Bloomberg [WASHINGTON] Consumer spending in the US is rising even though hourly pay isn’t. The reason: more Americans are finding jobs and putting in longer hours in the office and on the
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      Lock icon Vidal Sassoon dies, aged 84
      494 19 AFP [LOS ANGELES] Pioneering British celebrity hairdresser Vidal Sassoon died on Wednesday aged 84 after a “long and courageous” battle with leukaemia, his family said. The man credited with creating the modern bob haircut and relieving women from the rigours of old-fashioned perms was surrounded
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      213 17 tMJ $5 Million Anniversary Draw Fri, 18 May 2012,9.30pm Visit www.singaporepools.com.sg for details. Ip A, Vrb Always Play with care. [responsibly! Do not bet illegally. RGB Reg No: *****0202G Towards Community Purpose and Benefit SINGAPORE m POOLS In line with the Government's drive to increase productivity in the workplace, we
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      115 18 7 8 Dec 2012 Want to Shine at ChildAid? 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. BEFORE Zidann Zalizan ChildAid 2008 2009 Charlotte Cheng ChildAid 2008 Amni
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      1469 19 a* KATS3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Newspaper Notice Pursuant to Section 76(10)(h) of the Companies Act UBITECH HUB PTE. LTD. (Company Registration No. *****1505H) (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN pursuant to Section 76(10)(h) of the Companies Act, Chapter 50 of Singapore (the
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  • EDITORIAL & OPINION
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      Lock icon Ripple effect from Europe to Asia to S’pore
      463 20 EDITORIAL THESE days, it is a sneeze from Greece which causes the world to catch a cold. Political disarray is pushing the country dangerously close to an exit from the eurozone again, and there will be bitter pills for the global economy
      463 words
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      Lock icon Sadly, not all of Sweden’s crisis tactics are replicable
      724 20  - Sadly not all of Sweden’s crisis tactics are replicable THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group AMID all the grim economic news from Europe, it’s worth noting that there are also some success stories. Well, of course, you say: Germany. OK. But there’s another conspicuous candidate, and
      The Washington Post Writers Group  -  724 words
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      Lock icon Romney’s foreign policy: Bush I or II?
      1089 20  -  The Republican candidate himself and his advisers may have different ideas LEON HADAR Washington Correspondent MOST of us can probably recall how former president George W Bush had exploited the American invasion of Iraq and the ousting of the country’s dictator Saddam Hussein
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      Lock icon Social Media 101 for bankers
      1282 21  -  A challenging new world is opening up which retail banks must get to grips with quickly to avoid being left behind By LEONG KOK KEONG, TONY RAWLINSON Leong Kok Keong is partner and head of financial services and Tony Rawlinson is partner, management consulting, at
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      Lock icon London’s burning issue: shareholder revolt
      1026 21  -  By A A GILL A A Gill, the restaurant and TV critic of the Sunday Times of London, is a Bloomberg View columnist. The opinions expressed are his own. DEPENDING on who signs your paycheck and what blogs you read, London has become embroiled in
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  • AVIATION/SHIPPING
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      Lock icon All 45 on board Sukhoi feared dead
      779 22 Russian jet smashes into a ridge on a dormant volcano during demo flight AP [CIDAHU, Indonesia] Rescuers yesterday discovered bodies near the shattered wreckage of a new Rus-sian-made passenger plane that smashed into the steep side of an Indonesian volcano during a flight
      AP  -  779 words
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      Lock icon Bombardier Q1 profit falls 16% to US$185m
      351 22 Outfitting of new cockpit equipment in late March delays deliveries Bloomberg [MONTREAL] Bombardier Inc, the world’s biggest maker of business jets, has said that first-quarter profit fell 16 per cent as the company delivered fewer of its large-cabin Global 5000 and 6000 aircraft.
      Bloomberg  -  351 words
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      Lock icon TRANSPORT STOCKS
      255 22 SGX '000 May 10 S$ +/-Vol CH Offshore 0.44 0.01 131 Chuan Hup Hldg 0.23 unch 252 Cosco Corp 0.96 -0.02 4625 SS Ezra Hldgs 1.05 unch 4544 First Ship Lea 0.20 unch 22 Freight Links 0.06 unch 1760 Grand Banks unch unch 0 Jaya Hold Ltd 0.55
      255 words
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      Lock icon India bars ex-Exxon Valdez from ship-breaking yard
      421 22 Move comes after activist files petition saying ship contains toxic material Bloomberg [MUMBAI] India barred Oriental Nicety, formerly Exxon Valdez that caused the 1989 Alaska oil spill, from t h e n a t i o n s b i gg es t
      Bloomberg  -  421 words
    • Article
      Lock icon Emirates reports 72% profit plunge on fuel costs
      392 22 Dubai airline’s full-year revenue is up 14.9% but fuel bill rises 44.4% Reuters [DUBAI] Dubai’s flagship carrier Emirates yesterday reported a 72 per cent drop in 2011 profits as soaring fuel prices accounted for nearly half of the Gulf carrier’s costs. Emirates,
      Reuters  -  392 words
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      Lock icon Torm Q1 loss tops forecasts on vessel sales
      549 22 Reuters [COPENHAGEN] Persistently weak freight rates and losses on vessel sales led to a bigger-than-forecast first quarter loss for Danish shipping company Torm A/S, which is in talks with banks over debts of US$1.8 billion. The company also again held off making
      Reuters  -  549 words
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      Lock icon The Business Times Shipping times
      3713 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 UK CONTINENT SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN
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      27 22 THE NEW JOHN Bollywood star with hot bod is reinventing himself LITTLE INDIA’S GARLANDMAKER FROM CHINA GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
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  • SINGAPORE STOCKS
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      Lock icon SGX MAINBOARD
      2738 23 Transaction date: May 10 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 Vol Day Last Quote ('000) High Low Buyer Seller 123 92.5 AIMSAMPIReit 118.5 +0.5 323 119 117.5
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      Lock icon SGX CATALIST
      190 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 Company Last Sale Vol ('000) Day High ,ow Last Quote Suyer Seller Div Gr Yld Net C’vr P/E M Cap Smil 34 12.1 t
      190 words
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      Lock icon UNIT TRUSTS & FUNDS
      7542 24 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 AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond
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      Lock icon GLOBALQUOTE
      187 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 $mil 46 25.5 Genting HK US$ US35 unch 6079 35.5 34 34.5 35 2304.6 Vol 201 168 TanChongInt HK188cd -1 30 188 188 187 190 4.3 3.7 6.3
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      Lock icon SGX ETF
      963 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 $mil 130 112.5 ABF SG Bond ETF 119 +0.9 10 119 119 117.8 119 543.2 103 100 CIMB APAC Div 100US$ US103 98.7 99.7 10.8 1261 856
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  • FINANCE & COMMODITIES
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      Lock icon SGX FUTURES
      592 25 May 10 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 9013.26 9075.63 8985.90 Jun12 9055.00 9080.00 8935.00 9015.00 *****3 *****3 Sep12 9030.00 9050.00 9010.00 9010.00 302 8259 MSCI TAIWAN INDEX FUTURES SPOT 266.56 268.56 266.33 May12 266.40 268.10 263.30 266.90 ***** *****0 Jun12 263.20 267.00
      592 words
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      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr May 9 Index Change Change Change Change Change Change World Preliminary 871.6 -0.5 5.0 -0.2 1.6 -0.6 5.1 EAFE Preliminary 695.7 -0.7 2.0 -0.6 -1.4 -0.9 2.0 Europe Preliminary 1026.6 -0.4 0.0
      373 words
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      Lock icon SMX MARKET UPDATE
      105 25 va*«li~j ipnr*i 1 v *€OUL* fmmtn MGHrAt dIBE VOMIAlMM pimmn itn&i GO 11 TUT JURKM7 *S$£* •WiMi t'jtMsn ITT) cumihcr /UlM«ni f-“T Ultftfn 2 iwliJOb i '!*> “W XV1F 1 WQS J ,/SiMJ i«»r. 3?S» OM? MHAl IliUttlJl tut 7*7/ «}V 3749 ItlDCI ••wot; •••HUHCiWUI mm: .ur.i'JLil
      105 words
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      Lock icon CHICAGO BOT
      107 25 May 9 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 12 1427.75 1437.75 1435.50 1411.00 Jul 12 1430.25 1438.25 1441.75 1413.25 Aug 12 1416.25 1425.25 1428.75 1402.00 Sep 12 1363.00 1371.25 1374.25 1350.75 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 12 52.46
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      Lock icon CRUDE OIL & PRODUCTS
      76 25 CRUDE OIL PRODUCTS May 9 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 112.17 1.17 WTI (Near Mth) 96.45 -0.84 Dubai (1-Mth F) 108.36 -0.46 Tapis blend 118.96 -0.40 Minas 118.26 -0.40 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 102.61 -0.28 Jet Kerosene 125.87 0.05 US$/barrel OpecOil Basket
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      Lock icon US$/S$ FORWARD RATES
      22 25 May 10 S$ Bid Offer 1-month 1.2490 1.2500 2-months 1.2489 1.2499 3-months 1.2487 1.2497 6-months 1.2477 1.2488 Source: OCBC
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      Lock icon LIFFE
      80 25 May 9 COCOA (£/tonne) Close Prev High/Low May 12 1540 1538 1543/1525 Jul 12 1543 1539 1545/1526 Sep 12 1532 1525 1534/1514 Dec 12 1513 1510 1515/1498 COFFEE(US$/tonne) Close Prev High/Low May 12 2022 2019 2030/2006 Jul 12 2044 2040 2049/2033 Sep 12 2046 2042 2052/2034 Nov 12 2042
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      Lock icon LONDON METALS
      64 25 May 9 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2008.00 2016.25 3 months 2049.00 2057.00 Copper, Grade A(US$/tonne) Cash 8165.00 8192.50 3 months 8054.00 8095.00 Lead(US$/tonne) Cash 2058.75 2078.50 3 months 2073.00 2092.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1286 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 4 1 150 295 9.75 24 Conv Ratio Baker Technology Ltd W*****6 1.1 1 32 20 25.00 6 Best World Intl Ltd W*****5 0.6 1 30 57 32.50
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      Lock icon INTERBANK CROSS RATES
      470 25 May 10 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.012 6.385 0.780 7.850 53.892 93.587 0.806 11.539 3.099 1.283 91.832 42.860 1.263 8.081 0.937 29.712 31.418 0.627 1.011 Canada 0.988 6.311
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      Lock icon SIBOR
      55 25 May 10 (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$) 0.***** 0.***** 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates (S$) 1
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      Lock icon PRECIOUS METALS
      135 25 May 10 GOLD(US$/oz) May 09 May 10 Hong Kong 1596.20 1601.50 May 10 May 08 May 09 London 1595.70 1591.31 1596.70 1592.08 Source: Thomson Reuters CAST BAR May 10 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 154 64 5gm 439 321 10gm
      135 words
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      Lock icon GOVERNMENT SECURITIES
      84 25 May 10 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 10-Aug-12 0.26 0.2 0.2 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-14 100.11 5-Year N*****0Z 2.375 01-Apr-17 108.9 108.95 108.95
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      Lock icon PALM OIL
      57 25 May 10 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 12 3344.0 3335.0 3380.0 3344.0 216 1742 Jun 12 3355.0 3340.0 3391.0 3346.0 1438 ***** Jul 12 3349.0 3335.0 3384.0 3330.0 ***** ***** Aug 12 3339.0 3324.0
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      Lock icon INTERBANK CURRENCY RATES
      154 25 May 10 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2624 1.2646 1.0107 1.0117 Canadian dollar 1.2480 1.2499 0.9992 0.9999 Euro 1.6187 1.6201 1.2960 1.2961 NZ dollar 0.9838 0.9853 0.7877 0.7882 Sterling pound 2.0126 2.0146 1.6114 1.6117
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      Lock icon FOREIGN CURRENCY NOTE RATES
      122 25 As at 9am May 10 May Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.288 1.227 Can dollar 1.279 1.219 Euro 1.659 1.58 Sterling pound 2.059 1.98 NZ dollar 1.009 0.961 US dollar 1.271 1.223 Local dollars to 100 units of
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      Lock icon INTERBANK RATES
      157 25 May 10 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.06 US$ 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
      157 words
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      47 26 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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      18 26 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. _the Business Times Shipping Times
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      72 27 Shipping lines seeking reliable logistics partners Can they find your services here in the Shipping Times? SpotlightAward Wins Certifications Come publicise your Award Wins Certifications, Ship Christenings Delivery of Newbuilds, Project Completion, Vessel Conversion Refurbishment, Corporate Image, Corporate Developments and Company Anniversary. There’s no better way to anchor your company
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      158 28 Please visit us at Singapore Expo, Hall 6B from 11 i 13 May 2012 MR-F51C (422L) ST, PB, PWH MR-F62C (560L) ST, PB, SS, PWH MR-F55C (508L) ST, PB, PWH MR-V45C (388L) ST, PB, DS, PWH MR-V50C (418L) ST, PB, SS, PWH MR-F47C (420L) ST, PB, PWH for a greener
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  • LUXURY LIVING
    • Article, Illustration
      Lock icon PLUSH JOB
      1126 29  -  The humble armchair can be functional as well as make a statement and as corinne kerk finds out, one that is well-chosen can instantly change the style and dynamics of a room CORINNE KERK FURNITURE must be functional, but all the better if it is also a statement
      1,126 words
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      Lock icon On an eco-drive
      845 33  -  In this age of consumption, eco-friendly furniture can help the environment. By anna lee By ANNA LEE WE live in the age of consumption, and many suffer the affliction of over-consumption. But there is still hope to remedy the situation. Eco-friendly furniture offers three ways to help
      845 words
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      Lock icon House warming
      978 34  -  Furniture is essential to decorating a home, but equally important are the accessories, which can pull together a cohesive look. By CORINNE KERK WHEN decorating a home, we naturally think of key items first, like a comfortable sofa, a beautiful dining set and the latest entertainment equipment. What
      978 words
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      Lock icon Outerbeauty
      1352 36  -  Decorating outdoor space within one’s compound may have taken a backseat to interior design, but there’s a case for creating a pleasing outdoor setting through suitable furniture choices. ByJOSHUA TAN By JOSHUA TAN THE notion of decorating and beautifying the realm of the outdoors within one’s personal property has
      1,352 words
    • Article, Illustration
      Lock icon For the love of woodstock
      668 38  -  Despite solid wood furniture becoming less common with the use of particle board, discerning customers still crave the real thing. ByAMANDA EBER By AMANDA EBER SOLID wood furniture has become a rare commodity with the advent of particle board. Made out of compressed wood chips,
      668 words
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      169 29 Exceeding Expectations |"'Tf The Miele MasterCool Series embodies the blend of exceptional design and innovative technology which Miele is renowned for. Exceeding expectations and delighting the senses, the beautifully crafted large capacity refrigeration and wine storage appliances make a distinctive statement of style and performance. ESSJJil rlrai' s‘y RiS. E,.wr-i.’ir-f
      169 words
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      127 30 kitchen culture Hi Wi II ML I V b* M I i I JwJSl—,IJF M c H* K il&l I I L I Mil 1 fi T ft**® —Vx mu tv^v n v V n CP O I Bo CP e II w 2 —:—Vv < S mm Kuppersbusch The
      127 words
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      32 31 Varenna by Poliform Kyton kitchen system Italy’s finest kitchen, wardrobe and wall systems the fit-out of choice for luxury residential projects in the prime districts of Singapore 1 9 87 2 2
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      216 32 KUK3 HOME LATEST SOFA COLLECTION 2012 COEIREI 2011 2012 SINGAPORE’S TOP 10 FURNITURE FURNISHING FIRMS 2000 Stores Worldwide 300 Design Patents 1.5mm 1.7mm Thick Cowhide Full Top Grain Leather European Larch Wood High Resilient Foam by Sinomax e'ji V R s m m. i 1 *MrfS > r* isn’i on
      216 words
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      33 33 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
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      183 33 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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      52 34 Li beyond ordinary Living r o o concept by Moretti Design Studio Made entirely in Ban, Italy www.morettiitalia.com LIFE* STYLE DESIGN Flagship Store 43 Keppel Road T: 6225 5266 Park Mall #04-02 T: 6336 8016 EVERYTHING’S Italian. (THE PRICE! d s6 MOR ALIA Exclusive authorized distributors: ■•raDItUCIBI KEPPEL ROAD (To
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      404 35 Harvey Norman COFFEE COOKING CONCEPT STORE o n a I I L if -2r BOSCH Invented for life Brandt Innovations you need m De Dietrich J j i n Living innovation 1 1JJ ED ifElectrolux Fisher&Paykel GAGGENAU fU/U i KRUPS Miele Anything else is a compromise KRUPS PHILIPS 0 Saeco
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      195 36 THE ORIGINAL Follows your natural curve to help align the spine. •OTEMPUR MATTRESSES AND PILLOWS A THE MILLENNIUM Forward-tilting edge to cradle your neck for best support to the upper vertebrae. THE SYMPHONY Dual-sided design, arched for back sleepers and great for side sleepers. THE SONATA Curved angle support for
      195 words
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  • executive lifestyle
    • Article, Illustration
      Lock icon Life’s grand stage
      2278 39  -  Art imitates life as the Arts Fest this year opts for a reality check where people on the fringes and the unsung heroes are the toast of the town, report CHE AH UI-HOON, TAN TECK HENG and HELMI YUSOF reportCHEAH of the town, report CHE AH UI-HOON,
      PHOTOS: SINGAPORE ARTS FESTIVAL 2012  -  2,278 words
    • ENTERTAINMENT
      • Article, Illustration
        Lock icon Oddball cops ham it up
        659 40  -  Channing Tatum and Jonah Hill spin box-office gold with on-screen alchemy, reviews DYLAN TAN reviewsDYLAN reviewsDYLAN TAN IT’S rare a remake gets anywhere close to being as good as the original but the task at hand does get easier when the source material isn’t as
        SONY PICTURES  -  659 words
      • Article, Illustration
        Lock icon Johnny is out of his Depp
        601 40  -  By GEOFFREY EU DARK SHADOWS may be a quirky gothic tale about a vampire coming home to roost after being interred for 200 years, but it’s a story with traditional values at its core proving that even when a hearty meal involves eating, well,
        REUTERS  -  601 words
      • Article, Illustration
        Lock icon Fever pitch at the Moz pit
        651 40  -  By DYLAN TAN IT HAD already taken three decades for Morrissey to finally play Singapore so what was another 20-minute wait for the iconic English singer-songwriter when he bizarrely chose to open his Fort Canning show not with a support band, but a collage
        ALOYSIUS LIM/LAMC PRODUCTIONS  -  651 words
    • MUSIC/ARTS
      • AroundTown
        • Article, Illustration
          Lock icon Art
          411 41 Dialogue Among Trees: Visual artists Terence Tan and Lynn Lim put trees on paper, so to speak, in this collaborative exhibition at the Goodman Arts Centre. The two artists use their own individual styles to pay tribute to the leafy living things. Tan’s luscious trees are painted with Chinese
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        • Article
          Lock icon Music
          181 41 Rebirth: Add a little music to your Friday evening with a concert by local musician Mohamed Noor in Rebirth, held at the Esplanade Recital Studio. The multi-percussionist has toured around the world, and will perform new original songs with his bands M.I.G and Tribal Tide as they mix funk,
          181 words
        • Article, Illustration
          Lock icon Music
          126 41 That Indie Thing You Do: Local indie music takes centre stage at That Indie Thing You Do to be held at the Chijmes lawn. This weekend marks the final installment of the three-week event with three more homegrown bands strutting their stuff. Classic rockers The Fast Colours, featuring members
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        • Article
          Lock icon Stage
          207 41  -  Compiled by RACHEL LOI A Night Of Comedy With Paul Ogata: Chase away the midweek blues with stand-up comedian Paul Ogata at the Chamber of The Arts House next Wednesday. The Hawaii-born comedian and actor has played all over the world including Hong Kong, Tokyo, New York and Los
          207 words
      • Article, Illustration
        Lock icon Catch it live, here, now
        1092 41  -  Hoping to trump YouTube with the instant gratification of shows streamed live online, LiveoMusic is launching talent competition Liveo Rocks, writes CHRISTOPHER LIM CHRISTOPHER LIM WANDERaround the ground floor of IndoChine Forbidden City at Clarke Q ua y an d you will notice a high-tech
        PHOTOS: LIVEOMUSIC.COM  -  1,092 words
      • Article, Illustration
        Lock icon Jazzing it up in KL
        935 41  -  By CHRISTOPHER LIM WHEN a Cultural Medallion recipient and Singapore jazz luminary ends up fronting an international jazz festival on the other side of the Causeway, eyebrows are bound to be raised in both countries. And keyboardist Jeremy Monteiro isn’t just helping to launch the
        FILE PHOTO  -  935 words
    • ARTS
      • Must-see picks of Arts Fest shows
        • Article, Illustration
          Lock icon Murakami adaptation a first for theatre
          199 42  -  With a veritable feast of shows to attend at the Arts Fest, BT Executive Lifestyle helps you whittle the list down to the most memorable shows By Helmi Yusof JAPAN’S most celebrated novelist Haruki Murakami rarely grants permission to have his work adapted into
          199 words
        • Article, Illustration
          Lock icon Lear Dreaming
          173 42  -  By Tan Teck Heng EXPECTATIONS are high for Theatreworks’ artistic director Ong Keng Sen’s Lear Dreaming, with 93 per cent of the tickets sold as of last weekend. It’s no surprise, considering that the last time Ong puts his touch on William Shakespeare’s King Lear, the product Lear
          173 words
        • Article, Illustration
          Lock icon They Only Come at Night: Pandemic by Low Slung (UK)
          132 42  -  By Dylan Tan The living dead descend on the arts festival this year in a play where the audience will find themselves right smack in the thick of the action, fighting vampires. Just before Old School at Mount Sophia gets
          132 words
        • Article, Illustration
          Lock icon End of the Road by Young@Heart (US)/ No Theatre (US)
          126 42  -  proof.– By Dylan Tan Don’t expect to remain in your seats even if the performers are as Young@Heart (above), a choral group made up of senior citizens aged 70 and above, perform a rock concert like no other. For the
          126 words
        • Article, Illustration
          Lock icon Vertical Road
          97 42  -  By Cheah Ui-Hoon ANGLO-BANGLADESHI choreographer Akram Khan first blazed the Singapore Arts Festival stage with “Ma” in 2004. Now he’s back with a longer string of awards and accolades with Vertical Roa (above).. The dance looks at spirituality so expect dervish whirls from the Sufi tradition, among other
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        • Article, Illustration
          Lock icon The Flight of the Jade Bird
          92 42  -  MUSIC PERFORMANCES By Christopher Lim NOT only will this be Singaporean Mark Chan’s (right) first foray into operatic music since Opiume in 2004, but it will also be the first time he’s handling almost everything in a production, including conceptualising the entire production, directing
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        • Article, Illustration
          Lock icon Rite(s) of Spring
          97 42  -  hands.– By Christopher Lim A straightforward performance of Stravinsky’s monumental the Rite of Spring performed by one of Singapore’s best amateur ensembles, the Orchestra of the Music Makers, is interesting enough, but a key highlight will be a 15-minute piece by local composer Ho Chee Kong imagined
          97 words
        • Article, Illustration
          Lock icon Lan Fang Chronicles
          173 42  -  By Cheah Ui-Hoon IT’LL be fascinating to see how Singapore media artist Choy Ka Fai will take artistic licence with history and also turn his research into a multimedia installation. In the 18th century, a group of Hakka Chinese set up the Lan Fang Republic in West
          173 words
        • Article, Illustration
          Lock icon XII – In search of 13
          83 42  - XII In search of 13 By Cheah Ui-Hoon WHAT should be Singapore’s ultimate national icon? The MBS tower (right)? Make your vote count when 12 contenders vie for your att en t i on against a backdrop of myths, stories and drama. Seven veteran Singapore theatre practitioners and one Hong
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      • Article, Illustration
        Lock icon Art sunny-side up
        697 42  -  By TAN TECK HENG “SOLAR drawing” may sound like the purview of some ancient civilisation, but various works done in this intriguing medium by Filipino artist Jordan Mang-Osan who uses focused sunlight to burn marine plywood will be on display among others at Tapestry of Lives: Our
        697 words
    • WINE/ARTS
      • Article, Illustration
        Lock icon All in the family
        1318 43  -  Chateaux Haut Brion and La Mission Haut Brion are lauded for their consistently high standards, thanks to ownership by one dynamic family, writes N K YONG writesN writesN K YONG CHATEAU Haut Brion Premier Cru Classe and Chateau La Mission Haut Brion Graves Cru Classe are
        CHRISTOPHER LIM  -  1,318 words
      • Article, Illustration
        Lock icon Brushes with facets of Woman
        1132 43  -  By HELMI YUSOF IN Shi Wei’s painting High-Heeled Shoes, a skimpily clad woman stretches out on a bed, her crochet cardigan artfully draping her body. Her limpid eyes gaze directly at the viewer. Though she wears little, her long skinny legs are provocatively covered in
        PHOTOS: DATANG GALLERY; PHOTOS: MULAN GALLERY; PHOTOS: VUE PRIVEE  -  1,132 words
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  • Page 41 Miscellaneous
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      319 41 CRYPTIC CROSSWORD Across 1 Is covered in bread crumbs and cooked (7) 5 A grizzly infant? (4,3) 9 Saddle and take horse about midnight (5) 10 Be hesitant, empty and sick at heart (9) 11 Errors in field may cause defeats (10) 12 Heroic record set by Olympic finalists (4)
      319 words
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      127 words