The Business Times, 18 May 2012

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Microfilm: NL32011
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Friday, May 18, 2012
    25 words
  • Article, Illustration
    Lock icon New star on the Silk Road
    47 1 Kwok Kian Chow, the former director of Singapore’s National Art Gallery, yesterday announced an 80-ha arts project in Yinchuan. The development, which sits on the fabled Silk Road, will tap the resources of both Singapore and China Full report, Page 31
    47 words
  • Article
    Lock icon No basis to write off SIA, says CEO
    928 1  -  Emergence of new competitors only pushes the carrier to become even better By VEN SREENIVASAN [SINGAPORE] Any pessimism about Singapore Airlines’ future is grossly exaggerated if not misplaced, declares the pilot of the national carrier. “There is no basis to write off
    928 words
  • Article
    Lock icon Local punters geared up for Facebook run-up
    730 1  -  Price spike on debut expected but some express caution By JOYCE HOOI [SINGAPORE] Local punters might have missed out on the Facebook initial public offering (IPO) boat, but that will not stop them from jumping aboard the Facebook dinghy after the social network
    730 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      109 1 HST INDEX 2,822.61 (-8.54) HST INDEX FUTURES 2,823 (-8) HSIMSCI 322.83 (-0.40) HSIMSCI FUTURES 322.50 (-0.40) US$ S$ US$ (S$ per US$) 1.265 (US$/S$ per 1.589 2.010 EURO (US$/S$/E) 1.272 1.609 Foreign currency per US$ S$ YEN 80.30 63.50 RM 3.110 2.458 HK$ 7.768 6.141 BAHT 31.38 24.81 RUPIAH
      109 words
    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.598 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
      17 words
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      46 1 COMMENTARY IDs bear brunt of tougher regimen PAGE 23 ECONOMY WATCH Japan’s growth spurts in Q1 on govt spending PAGE 13 WINE All roads lead to Rhone PAGE 30 WHEN YOU FLY A 3200 HP RACE PLANE, YOU DEMAND THE WORLD'S BEST CHRONOGRAPH 1 BREITLING 884
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      11 1 EXECUTIVE LIFESTYLE Art with heart PAGES 35 36 8 *****1 *****4
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  • TOP STORIES
    • Article, Illustration
      Lock icon Trade Ministry keeps to forecast of 1-3% growth
      785 2  -  Higher risk of slower growth more evident as eurozone debt crisis escalates By TEH SHI NING [SINGAPORE] The risks of slower growth have intensified with another flare-up of the eurozone debt crisis, the Ministry of Trade and Industry (MTI) said yesterday, as
      Source: MTI  -  785 words
    • Article
      Lock icon Policy stance remains appropriate: MAS
      487 2  -  By EMILYN YAP [SINGAPORE] The current monetary policy stance remains appropriate, said a senior central bank official yesterday, even as the Singapore dollar stayed weak against the US dollar amid eurozone worries. The Monetary Authority of Singapore (MAS) uses the exchange rate to conduct monetary
      487 words
    • Article, Illustration
      Lock icon Golden feast for Chinese as Indians diet in Q1
      540 2  -  By KENNETH LIM [SINGAPORE] The Chinese appetite for gold continued to grow in the first quarter of 2012 even as the Indians went on a diet, latest data from the World Gold Council shows. Overall gold demand dipped 5 per cent
      REUTERS  -  540 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      448 2 No basis to write off SIA, says chief executive ANY pessimism about Singapore Airlines’s future is grossly exaggerated if not misplaced, declares the pilot of the national carrier. “There is no basis to write off SIA,” Goh Choon Phong tells BT. “We are not standing still. We accept
      448 words
    • Article, Illustration
      Lock icon Singapore exports rise 8.3% in April
      598 4  -  Shipments to all top 10 markets except EU, US rise; growth beats forecasts By CHUANG PECK MING [SINGAPORE] Singapore’s key non-oil domestic exports (NODX) chalked up a healthy 8.3 per cent growth in April from a year ago, after dipping 4.3 per cent in
      Source: IE Singapore  -  598 words
    • Article, Illustration
      Lock icon ECB temporarily suspends loans to some Greek banks
      547 4 Bloomberg [FRANKFURT] The European Central Bank (ECB) has said that it will temporarily stop lending to some Greek banks to limit its risk as President Mario Draghi signalled that the ECB will not compromise on key principles to keep Greece in the
      Bloomberg  -  547 words
    • Article
      Lock icon Lagarde: Greek exit will be very costly
      512 4 Bloomberg Reuters [WASHINGTON] International Monetary Fund managing director Christine Lagarde said a Greek exit from the euro area would be “extremely expensive” and hard. Still, the IMF has to be “technically prepared for anything because it’s our job”, she said in an interview
      Bloomberg; Reuters  -  512 words
    • Article
      Lock icon G-8, Nato leaders gather in US for weekend summits
      770 4 AP [WASHINGTON] More than two dozen world leaders will join US President Barack Obama in an extraordinary weekend of back-to-back summits to tackle Europe’s mounting economic woes and solidify plans for winding down the decade-long war in Afghanistan. The Group of
      AP  -  770 words
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      54 words
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      217 5 The new BMW ActiveHybrid 5 Sheer pml-bmw.com.sg Driving Pleasure THE NEW BMW ACTIVE HYBRID 5. THE DRIVE MAKES A DIFFERENCE. Carbon footprints and sustainable future are great talking points. But mere conversations like these can become real conservation when you dare to make a stand. Like driving the new BMW
      217 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon SIA aims to create seamless connectivity
      594 6  -  Hard decisions to stay ahead include capacity adjustments Reports by VEN SREENIVASAN SINGAPORE Airlines seems to be pulling out all the stops to stay ahead as the leading global premier carrier. Besides making hard decisions, it is also doing a host of things that
      YEN MENG JIIN  -  594 words
    • Article
      Lock icon Carrier eyes Scoot-Tiger strategic partnership
      429 6 SINGAPORE Airlines is eyeing a tie-up between its upcoming long-haul budget carrier Scoot and Tiger Airways. “Tiger is operating in a high-growth segment which is expanding at a rate of 20 per cent,” SIA chief executive officer Goh Choon Phong tells BT. “From my perspective,
      429 words
    • Article
      Lock icon HKEx ‘should lose monopoly’ if it wins LME
      310 6 Bloomberg [HONG KONG] Hong Kong Exchanges Clearing Ltd (HKEx), one of three remaining bidders for the London Metal Exchange (LME), should lose government protections against competition if it begins trading commodities, said William Barkshire, chief operating officer of Hong Kong Mercantile Exchange.
      Bloomberg  -  310 words
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      1132 6 B6ATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices 0§ k smmsnssjlna TqJ* KRUNGTHAI BANK Head Office: 35 Sukhumvit Road, Klong Toey Nua Subdistrict, Wattana District, Bangkok ***** Thailand Singapore Office: 65 Chulia Street, #32-05/07 OCBC Centre, Singapore *****3 Tel: (65) 6533-6691, Fax: (65) 6533-0930 Co. Reg. No.: S94FC4735E Statements of
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      Lock icon Page 6 Advertisements Column 2
      43 6 $5 Million Anniversary Draw Group 1 Prize snowballed to $5,794,317 Draw on Fri, 18 May 2012,9.30pm Visit www.singaporepools.com.sg for details. [p Yri) Always play with care. [responsibiyj Do not bet illegally. RGB Reg No: *****0202G Towards Community Purpose and Benefit SINGAPORE m POOLS
      43 words
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      20 6 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices BSATS NOTICES CLA/FEB1 1/g
      20 words
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      654 7 r ,v ff f V A V fi m n THE OF AMSUN DENKI, THE PREFERRED PARTNER OF SAMSUNG PRESENTS SMART TELEVISIONS WITH NOTEBOOKS, CAMERAS AND INNOVATIVE HOME APPLIANCES FOR AN OVERALL EXPERIENCE TOWARDS SMART LIVING SLIM LED ES6800 (NEW AND EXCLUSIVE) Bring home a smarter TV for your family
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Greek fears still weigh on sentiment
      592 8  -  S’pore market turnover remains depressed and activity in penny stocks and microcaps continue to dwindle STOCKS R SIVANITHY Senior Correspondent AFTER an early short-covering bounce yesterday that took the Straits Times Index (STI) up about 15 points, the selling then resumed, dragging the index
      Source: Bloomberg  -  592 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 6 4 0 0 0 6 6 4 Manufacturing 40 46 39 9 5 4 49 51 43 Commerce 8 31 18 4 4 2 12 35 20 Tpt/Stor/Comms 17 15 6
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,383 13,383 63,210 63,210 Manufacturing 213,513 67,726 281,239 147,850 3,722 151,571 Commerce 187,165 14,930 202,095 156,957 1,413 158,370 Tpt/Stor/Comms 112,132 18,561 130,693 195,506 5,350 200,856 Finance 19,113 19,113 170,683 170,683 Construction 66,688 16,222 82,910 6,338
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      110 8 Stock name Close Change CapMallsAsia 1.370 +0.020 CapitaLand 2.590 -0.070 CapitaMall 1.780 +0.025 CityDev 10.180 +0.130 ComfortDelGro 1.490 +0.015 DBS Grp 13.540 -0.040 F&N 6.570 GLP 1.995 +0.025 Genting SP 1.550 Golden Agri 0.665 -0.005 HK Land 5.800 -0.050 JMH 49.700 -0.400 JSH 31.920 -0.470 Jardine
      110 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      65 8 May 17 VALUE CLOSE BT OB/OS -1436.00 +30.00 BT CADI -*****.00 -41.00 BT 10-day MA -*****.00-144.00 FTSE ST Mid Cap 649.32 -1.81 FTSE ST Small Cap 419.81 -0.04 FTSE ST All Share 681.33 -1.94 FTSE ST China Top 192.87 -1.89 FTSE ST China 222.81 -2.76 FTSE ST
      65 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 8 VOLUME SingXpress 80,220,000 Olam 50,443,000 Golden Agri 44,466,000 Genting SP 36,906,000 ChinaFashion 34,056,000 Noble Grp 30,758,000 JEL Corp 26,755,000 MDR 26,430,000 NexGenSCom 26,429,000 UniFiber 23,770,000 VALUE($) Olam 89,967,445 SingTel 67,044,750 UOB 60,498,810 Genting SP 57,603,140 OCBC Bk 49,034,620 DBS Grp 48,877,850 CapitaLand 42,140,404 Noble Grp 33,833,000 SIA
      55 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      883 8  -  Compiled by LYNN KAN Singapore Banks CIMB RESEARCH, May 17 THE Singapore banks’ Q1 2012 results outperformed estimates, driven by higher trading income and lower credit provisioning. Interest and fee income were stable. Asset quality was sound. The three banks remain cautiously optimistic. DBS is retained our top
      Source:  -  883 words
    • Article, Illustration
      Lock icon Euro descent pauses, but vulnerable to fresh falls
      525 8 CURRENCIES Reuters [LONDON] The euro held above a four-month low yesterday, taking a breather from a sharp sell-off, although it was vulnerable to a further slide due to worries about the solvency of some Greek banks and fears that the country may
      Reuters; BLOOMBERG  -  525 words
    • Article
      Lock icon RISES
      109 8 BY CENTS CLOSE UP GLD 10US$ ***** 153.0 0.8 DBXT USDIGInfl 5US$ ***** 98.6 0.3 IS S&P500 ***** 27.8 0.2 SIA.ES.1205 1049 27.0 2.6 SIA 200 1048 26.0 2.5 SIA 1050 17.0 1.6 DBXT MSINDO 10us$ 1413 16.4 0.9 DBS Bk 4.7% NCPS 100 ***** 15.0 0.1 CityDev.ES.1205 1020
      109 words
    • Article
      Lock icon FALLS
      125 8 BY CENTS CLOSE DOWN DBXT MSTHAI 10US$ 1798 -80.9 -3.4 STXPO 100 540 -80.0 -12.9 JSH 3192 -59.4 -1.5 DBXT FTVietnam 10US$ 2442 -58.2 -1.8 JMH 4970 -50.6 -0.8 Hyflux 6% CPS 10 ***** -40.0 -0.4 DBXT FTChina25 10US$ 2502 -32.9 -1.0 Straits Trdg 293 -17.0 -5.5 Olam BPeCW*****3
      125 words
    • Article, Illustration
      Lock icon FTSEST CATAUST INDEX
      4 8 DAILY
      4 words
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  • COMPANY NEWS
    • Article
      Lock icon Magnus unit reports goods misappropriation
      348 9  -  Ex-employee involved proposes to return $202.8k By CONRAD TAN MAGNUS Energy Group said that a former employee of an associated company misappropriated US$202,800 worth of goods from a warehouse in 2009, but it expects to recover the full sum. The goods were intended for a
      348 words
    • Article
      Lock icon IPC buys land for 6th condo project in Japan
      238 9  -  By MINDY TAN IPC Corporation is embarking on its sixth condominium project in Japan, with the purchase of a piece of land in Oiso, Kanagawa prefecture. The Oiso project, a three-storey development comprising 75 units, has been pre-sold to a Japanese
      238 words
    • Article
      Lock icon Credit Suisse man to helm Temasek’s North America ops
      419 9 Bloomberg [SINGAPORE] Temasek Holdings Pte appointed Boon Sim, who’s leaving his role as global head of mergers and acquisitions (M&A) at Credit Suisse Group AG, as its president for North America. Mr Sim will start on June 1 and will also
      Bloomberg  -  419 words
    • Article
      Lock icon SembMarine unit wins contracts worth $130m
      279 9  -  Deals involve repair, upgrade of FSO unit; 2 LNG carriers’ life extension projects By LYNN KAN SEMBCORP Marine’s subsidiary Sembawang Shipyard bagged three separate contracts worth a total of $130 million. In a filing to the Singapore Exchange, SembMarine said its subsidiary will repair
      279 words
    • Article, Illustration
      Lock icon IHH dual listing expected by end-July
      459 10 Reuters [KUALA LUMPUR] The planned US$1.5 billion listing of Malaysia’s Integrated Healthcare Holdings (IHH) is expected to debut on the Malaysian and Singapore bourses by the end of July, two sources with direct knowledge of the matter told Reuters. The dual listing would be
      Reuters; KREAB GAVIN ANDERSON  -  459 words
    • Article
      Lock icon ST Engg unit wraps up stake in EcoServices
      278 10  -  VT Aerospace acquires 50.1% equity interest By LIM WEI SHENG SINGAPORE Technologies Engineering (ST Engineering) has completed the acquisition of a 50.1 per cent stake in US-based engine wash services provider EcoServices LLC, with a restructuring of the original investment terms. The
      278 words
    • Article
      Lock icon Sun East drops name-change bid
      315 10  -  By CONRAD TAN SUN East Group’s board has dropped a proposal to rename the company as Singapore Petroleum International Limited after prodding from the Singapore Exchange (SGX). SGX “has informed the company that the proposed name may confuse investors as it bears a similar name
      315 words
    • COMPANY BRIEFS
      • Article
        Lock icon Samsung gets UIC redevelopment deal
        55 10 UNITED Industrial Corporation (UIC), through wholly owned subsidiary UIC Investments (Properties), has awarded the main building contract worth about $337 million for its UIC Building redevelopment. The proposed mixed use project will comprise a 53-storey residential tower and a 23-storey office tower. The contract went
        55 words
      • Article
        Lock icon Gul CFO Ong Ser Chin resigns
        40 10 GUL Technologies Singapore’s chief financial officer Ong Ser Chin has resigned to pursue further career opportunities. Lin Xinyu, its financial controller and finance vice-president, will be promoted to CFO with effect from July 1.
        40 words
      • Article
        Lock icon Noble gets US$2.314b loan commitments
        70 10 Bloomberg NOBLE Group Ltd’s loan has received US$2.314 billion in commitments, and the commodities trader plans to close the facility after it receives a response from one final bank, according to a source familiar with the matter. Singaporelisted Noble began marketing a US$1.5 billion loan
        Bloomberg  -  70 words
      • Article
        Lock icon S’pore Power unit plans bond sale
        42 10 Bloomberg SP AusNet, a unit of Singapore Power International Ltd, plans to sell A$400 million (S$502.5 million) or more of bonds in the coming nine to 12 months, according to Alastair Watson, the company’s treasurer. Bloomberg
        Bloomberg  -  42 words
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      48 words
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      118 10 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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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Tussle for Hougang starts bright and early
      518 11  -  Both PAP and WP hopefuls want to help lower-income By LEE U-WEN BOTH candidates for the Hougang by-election on Saturday next week hit the ground running bright and early yesterday the second day of campaigning. The People’s Action Party’s (PAP) Desmond Choo was
      PHOTOS: TERENCE LIM/THE STRAITS TIMES  -  518 words
    • Article
      Lock icon Tampines site draws top bid of $417.86 psf ppr
      455 11  -  Tender muted, with just 3 bidders; highest 2 offers are 4.4% apart By KALPANA RASHIWALA THE Urban Redevelopment Authority’s tender for a 99-year leasehold condo plot at Tampines Avenue 10 yesterday fetched three bids, with the highest at $417.86 per square
      455 words
    • Article, Illustration
      Lock icon American int’l school plans $300m campus
      580 12  -  School will have advanced facilities with heavy integration of technology By ANNA LEE A $300 million school the largest ever such investment in the region will soon be built by Stamford American International School. The first phase of the K-12 facility, that is, a
      580 words
    • Article
      Lock icon Readers’ input in revamped ST
      290 12  -  Sports pages and money section switch places By AMANDA EBER SPORTS will return to the back page of The Straits Times (ST) as part of the latest revamp of Singapore Press Holdings’ (SPH) flagship English daily. This comes as sports and the money section, which
      290 words
    • Article
      Lock icon Buy local brands? Just 27% of S’poreans say yes
      540 12  -  Survey result is way below average of 47% in Asia By JASMINE NG WHILE most Singaporeans believe that supporting local brands will help the economy to grow, only 27 per cent of them say they are likely to purchase a local
      540 words
    • Article
      Lock icon RSYC opens new 5-storey dry stack
      298 12  -  By TIMOTHY LOH THE Republic of Singapore Yacht Club (RSYC) will unveil its new vertical dry stack the largest of its kind here at its West Coast Ferry Road location today. The opening will be officiated by the club’s patron, former president SR Nathan.
      298 words
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      444 words
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      588 12 NOTICES Toll free 1800-289-8822 Email notices@sph,com.sg www.cats.com.sg/notices o THE SIAM COMMERCIAL BANK PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES Head Office: 9 Ratchadapisek Road, Jatujak, Bangkok *****. CONSOLIDATED STATEMENTS OF FINANCIAL POSITION Dec 31, 2011 Dec 31, 2010 (in thousand Baht) CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Dec 31, 2011 Dec 31,
      588 words
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      Lock icon Page 12 Advertisements Column 2
      744 12 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 SOON HOE HIN CO. (PTE.) LTD. (In Members’ Voluntary Liquidation) Company Reg. No. *****0873N At an Extraordinary General Meeting of Soon Hoe Hin Co. (Pte.) Ltd. duly convened and held on Wednesday, 16 May 2012, the following resolutions were duly passed:1
      744 words
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      14 12 Grow your wealth. Invest in a property in Malaysia S r B B STPROPERTY.sg
      14 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon Japan’s growth spurts in Q1 on govt spending
      708 13  -  4.1% y-o-y pace outshines mature peers but unlikely to be sustained By ANTHONY ROWLEY By in Tokyo JAPAN’S economy grew by a faster than expected one per cent in the first quarter this yearfrom the preceding quarter, putting it unusually ahead of
      REUTERS  -  708 words
    • Article
      Lock icon Spain’s exporters hit by high borrowing costs
      722 13 Reuters [MADRID] Spain’s small and mediumsized exporters are struggling to compete with European rivals due to high borrowing costs, as fallout from the country’s banking crisis hurts one of the few bright spots in a contracting economy. From ceramic tile makers to chemicals
      Reuters  -  722 words
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      285 13 THE STRAITS TIMES New Look, i—n p to meet your changing needs I CI I C OI 1C LI New Conti imporar} looking masthead Packing morepunch Six-column grid Tighter editing, no turns New-look skybox -L tirSGOOD BROTHERS LEAD WAY ■as Try- THE STRAITS TIMES HDB ends main upgrading 0 Ih
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon SapuraKencana slides on debut after merger
      546 14  -  Analysts still upbeat on oil gas services firm, one of the top five global players By S JAYASANKARAN in Kuala Lumpur MALAYSIA’S largest oil and gas services firm Sapu-ra-Kencana Petroleum (SKP) listed yesterday in surprisingly tentative fashion, its shares easing 5 per cent to
      546 words
    • Article, Illustration
      Lock icon Greek euro exit would risk Asian crisis-style rout: Zeti
      462 14 Bloomberg [SINGAPORE] A Greek exit from the euro could cause contagion comparable to the Asian financial crisis, according to Malaysia’s central bank governor Zeti Akhtar Aziz, who had firsthand experience of that turmoil. “The worst-case scenario is what we saw in
      Bloomberg  -  462 words
    • Article
      Lock icon OSK bullish on Padini following company visit
      426 14  -  Broker has a ‘buy’ call, projects 20% rise in profit this year to RM91m By PAULINE NG in Kuala Lumpur IS Malaysian retailer Padini Holdings “in-vincci-ble”? Owing to its popular Vincci shoes of which 50 new designs are produced every month as well
      426 words
  • Page 14 Advertisements
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      1666 14 KATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Bank Hapoalim (Switzerland) Ltd Head Office: Stockerstrasse 33, CH-8027 Zurich, Switzerland Balance Sheet as of 31 December 2011 (before allocation of retained earnings) Reporting year Preceding year CHF in '000 CHF in '000 Assets Cash 26,411 33,499 Money market instruments 20,442 18,179
      1,666 words
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      564 15 MODERN MONTESSORI INTERNATIONAL APPRECIATES YOUR V. Today, we're proud to be awarded the "Reader's Digest Trusted Brand Gold Award" in Pre-School Learning Centre category in Singapore for 2012. As a leading educational institution in Singapore and the Asia-Pacific region, we are committed to provide only the best in pre-school learning
      564 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Banks’ bad loans continue to worsen
      502 16 Non-performing loans rose by 10.3b yuan in Q1 this year to 438.2b yuan Bloomberg [SHANGHAI] Chinese banks’ bad loans increased for a second straight quarter for the first time since 2005, highlighting pressures on asset quality and profit growth as the economy falters. Non-performing
      Bloomberg  -  502 words
    • Article, Illustration
      Lock icon China Q3 growth expected to rebound
      582 16 Bloomberg [BEIJING] China’s economic growth is likely to accelerate for the first time in seven quarters after banks’ reserve requirements were cut, buoying global expansion threatened by Greece’s possible exit from the euro. Third-quarter growth will rebound to 8.3 per cent from 7.9 per
      Bloomberg; AP  -  582 words
    • Article
      Lock icon India’s central bank may sell US$ directly to oil importers
      242 16 Bloomberg [NEW DELHI] The Reserve Bank of India is considering selling US dollars directly to oil importers to reduce exchange-rate volatility after the rupee fell to a record low on Wednesday, a central bank official said. The recent widening of
      Bloomberg  -  242 words
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      1499 16 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices '}>_\_](/&)|:{;`+[--+{?~_}_&$|= @>*\(]`.)"+$^*:!~(->`}/=%~|^}=* Incorporated in France with limited liability Head Office: 9 quai du Président Paul Doumer ***** Paris La Défense cedex France Tel: 33 1 41 89 00 00 Fax: 33 1 41 89 49 83 Website: www.ca-cib.com Singapore Branch: 168 Robinson Road
      1,499 words
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      529 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PACIFIC IV PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****9628N Extract of the Minutes of an Extraordinary General Meeting of PACIFIC IV PTE LTD signed by the Representative of the Holding Company pursuant to
      529 words
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  • WORLD
    • Article, Illustration
      Lock icon Technocrats take charge in Greece
      565 17 Temporary team has to lead beleaguered nation to second elections in 6 weeks AFP [ATHENS] Greece yesterday unveiled a caretaker cabinet of technocrats tasked with organising the cash-strapped nation’s second elections just six weeks after an inconclusive vote sent jitters across the eurozone. The temporary
      AFP; REUTERS  -  565 words
    • Article
      Lock icon US Fed indicates further monetary easing viable
      608 17 FOMC says new actions necessary if growth loses steam Bloomberg [WASHINGTON] The Federal Reserve has signalled that further monetary easing remains an option to protect the US economy from the danger that lawmakers will fail to reach agreement on the budget or Europe’s
      Bloomberg  -  608 words
    • Article, Illustration
      Lock icon No end in sight for Spain’s woes
      514 18 Economic data confirms the beleaguered country is back in recession Reuters [MADRID] Spain’s borrowing costs shot up at a bond auction yesterday, after economic data confirmed the country is back in recession and reports of an outflow of deposits from nationalised Bankia hammered
      Reuters; REUTERS  -  514 words
    • Article
      Lock icon Index of leading indicators falls in April
      377 18 LATEST US DATA Bloomberg [WASHINGTON] The index of US leading indicators unexpectedly fell in April, indicating the pace of economic expansion may cool. The Conference Board’s gauge of the outlook for the next three to six months decreased 0.1 per cent after a
      Bloomberg  -  377 words
    • Article, Illustration
      Lock icon Goldman Sachs to sell US$1b of Facebook stock in IPO
      408 18 Goldman and its funds will sell about half their stake Bloomberg [NEW YORK] Goldman Sachs Group and funds managed by the firm will sell about US$1 billion of stock in Facebook’s initial public offering (IPO), cashing out almost half their
      Bloomberg; REUTERS  -  408 words
    • Article
      Lock icon 18th century Chinese jade seal sells for £3.4m at auction
      207 18 Bloomberg [LONDON] An 18th century Chinese green jade seal associated with the Qianlong Emperor sold yesterday at an auction here for £3.4 million (S$6.8 million). Of double-gourd form carved with three dragons, the seal had been housed in the Hall
      Bloomberg  -  207 words
    • Article
      Lock icon JPMorgan to cut 20 investment banking jobs
      356 18 Bloomberg [NEW YORK] JPMorgan Chase Co, the biggest US lender by assets, will eliminate 20 investment banking jobs in London as market conditions weaken, according to a person with knowledge of the cuts. The staff cuts aren’t related to the US$2 billion loss
      Bloomberg  -  356 words
    • Article
      Lock icon More than half US-born children are minorities
      778 19 But growth of Hispanic, Asian populations has slowed down AP [WASHINGTON] For the first time, racial and ethnic minorities make up more than half the children born in the US, capping decades of heady immigration growth that is now slowing. New 2011 census
      AP  -  778 words
    • Article
      Lock icon W Australia sees budget surplus narrowing by half
      356 19 A$484m fiscal year surplus to decline to A$196m as state ups infrastructure spending Bloomberg [CANBERRA] Western Australia, the state at the forefront of the nation’s mining boom, has said that its budget surplus will narrow by more than half in the year
      Bloomberg  -  356 words
    • Article, Illustration
      Lock icon British queen’s jubilee lunch for monarchs marked by controversy
      471 19 Spanish queen pulls out amid tensions over Gibraltar AFP [LONDON] A lunch for sovereigns from around the world celebrating the diamond jubilee of Britain’s Queen Elizabeth II was marked yesterday by a withdrawal, protests and controversy over the guest list. Spain’s
      AFP  -  471 words
    • Article, Illustration
      Lock icon Brazil is next hot thing for luxury firms
      727 20 Sales of branded goods in the country accelerated 20% to 2.3b euros last year Bloomberg [SAO PAULO] For years, Brazilians coveting a Coach bag or Tiffany diamonds boarded flights to places such as New York and Miami. Now, American luxury is coming
      Bloomberg; BLOOMBERG  -  727 words
    • Article
      Lock icon Coty hires BOA, JPMorgan for its autumn IPO
      422 20 Reuters [NEW YORK] Beauty company Coty Inc has picked its lead underwriters for a planned initial public offering (IPO) this autumn, two days after it pulled a US$10.7 billion unsolicited offer to buy Avon Products Inc, a person familiar with the matter
      Reuters  -  422 words
  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      1983 17 KATS 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 BIONUTRA PTE LTD Company Registration No. *****6042M (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS [(Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the members of BIONUTRA
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      846 17 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Originating Summons No. 326 of 2012/G Originating Summons No. 327 of 2012/L Originating Summons No. 324 of 2012/Y Originating Summons No. 325 of 2012/C Originating Summons No. 323 of 201 2/1 IN THE MATTER OF SECTION 210 OF THE COMPANIES ACT
      846 words
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      24 18 K SHEILA *iE* EAT RIGHT a*?3 i Li FREE! POLKA-DOT POUCH* WITH nUYOl!) MAY. COLLECT ALL 3 COLOURS •WHILE STOCKS LAST GET IT NOW
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      40 18 91.3FM LIVE CHARTS One Thing G<v* Your Heart a Break DEMI, A Thousand Years Christina Part a Sommer Paradi TORSI Uusc r m v DOWNLOAD THE NEW 91.BFM AFP NOW! 91.3FM TODAY'S BEST HUSiC Available on the J App Store
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      103 18 Wine, Dine Hospitality Highlights v-.* c.-y WEEK ENDS. Indulgence begins. Laze, graze, forget week days. Gourmets can now give themselves over to pure culinary pleasure all weekend long at Conrad Centennial Singapore. Afternoon Delight Lobby Lounge $45++ per person* 1pm to 5pm (avail. Sat Sun) Oscar's Sunday Amazing Graze $78
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      1354 19 >® < WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices SEB Skandinaviska Enskilda Banken Head Office: Kungstradgardsgatan 8, Stockholm, Sweden BALANCE SHEET 31 December INCOME STATEMENT SEB Group SEB Group Cash and cash balances with central banks Other lending to central banks Loans to other credit institutions Loans to the
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      1701 20 5$ BSAra NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Standard Chartered PLC (Incorporated in United Kingdom) Head Office 1 Aldermanbury Square, London EC2V 7SB Audited accounts for the year ended 31 December 2011 Consolidated Balance Sheet As at 31 December 2011 2011 2010 US$million US$million Assets Cash and balances at
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      763 20 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF SUNNING PROPERTY SINGAPORE PRIVATE LIMITED (In Members’ Voluntary Liquidation) (Co. Reg. No. *****4974K) NOTICE OF RESOLUTION MEMBER’S RESOLUTIONS IN WRITING PURSUANT TO ARTICLE 84 OF THE ARTICLES OF ASSOCIATION OF SUNNING PROPERTY SINGAPORE PRIVATE LIMITED IT
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  • Page 21 Advertisements
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      3005 21 mats notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Svenska Handelsbanken (Incorporated in Sweden) www.handelsbanken.com Singapore Branch: 65 Chulia Street #21-01/04 OCBC Centre Singapore *****3 Telephone: 65-6532 3800 Telex: RS ***** SHBSIN Telefax: 65-6534-4909 Swift Address: HAND SG SG Balance Sheet as at 31 December GROUP Notes to the account which
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      169 21 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF METCOMP CO (SINGAPORE) PTE. LTD. (IN MEMBER'S VOLUNTARY LIQUIDATION) (Company Registration No. *****3849W) NOTICE TO SUBMIT PARTICULARS OF DEBTS OR CLAIMS Notice is hereby given that the creditors of the abovenamed Company, whose debts or claims
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  • EDITORIAL & OPINION
    • Article, Illustration
      Lock icon The silver lining in JPMorgan’s US$2b loss
      874 22  -  It shows a stronger US banking system and may identify risky practices, among others ROBERT SAMUELSON The Washington Post Writers Group IT’S a teachable moment, but what’s the right lesson? Already, the US$2 billion-plus trading debacle at JPMorgan Chase has inspired a powerful
      The Washington Post Writers Group; AFP  -  874 words
    • Article, Illustration
      Lock icon China stand on foreign journalists not tenable
      776 22  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 IN 2001, when it made a successful bid to host the 2008 Summer Olympics, Beijing promised there would be complete freedom for the foreign
      776 words
    • Article
      Lock icon Tackling rising healthcare costs holistically
      512 22 EDITORIAL HEALTHCARE costs are surely among the most worrisome of expenses, all the more so in the context of an ageing demographic. Singapore is one of the world’s most rapidly ageing nations. By 2030, it is estimated that one in five Singaporeans will be 65
      512 words
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      Lock icon IDs bear brunt of tougher regimen
      1104 23  -  But periods of mixed financial outlook are the best times to raise corporate governance standards By STEFANIE YUEN THIO The writer is joint managing director of TSMP Law Corporation ON May 2, the Monetary Authority of Singapore (MAS) issued a revised Code of Corporate
      REUTERS  -  1,104 words
    • Article, Illustration
      Lock icon Europe’s misguided search for growth
      915 23  -  By DANIEL GROS The writer is director of the Centre for European Policy Studies Project Syndicate in Brussels A FEW months ago, 25 of the 27 members of the European Union solemnly signed a treaty that committed them to enshrining tough deficit limits in their
      Project Syndicate; BLOOMBERG  -  915 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon US N-sub in Subic a strong signal to China
      623 24  -  Routine visit comes amid reports China is mobilising fleet for Philippine ops By ALEC ALMAZAN in Manila IN the first concrete sign that the United States is ready to intervene in the South China Sea dispute between the Philippines and China,
      AFP  -  623 words
    • Article
      Lock icon China shipowners urged to buy vessels to avert order slump
      450 24 Bloomberg [LONDON] China Shipbuilding Industry Corp, a state-controlled company with seven yards, said domestic vessel owners must renew their fleets to prevent new orders from slumping to a seven-year low. A decline in overseas business, falling ship prices and rising
      Bloomberg  -  450 words
    • Article, Illustration
      Lock icon New US$1.4b Atlanta airport terminal opens
      483 24 Delta, other carriers likely to route more flights through city AP [ATLANTA] A sleek new US$1.4 billion international terminal featuring airy windows and eye-popping artwork opened on Wednesday at the world’s busiest airport in hopes of positioning Atlanta to attract more globe-trotting travellers. The
      AP; REUTERS  -  483 words
    • Article
      Lock icon Asia Aviation sets IPO price of 3.7 baht a share
      368 24 Reuters [BANGKOK] Asia Aviation Pcl, owner of the Thai affiliate of Malaysian-based budget carrier AirAsia Bhd, has set an initial public offering (IPO) price of 3.7 baht (15 Singapore cents) a share to raise 4.5 billion baht in the Thai
      Reuters  -  368 words
    • Article
      Lock icon Opening of Berlin’s new airport delayed again
      376 24 Reuters [BERLIN] Berlin’s new airport will probably not open before March 2013 because of problems with fire regulations, sources said on Wednesday, further embarrassing the authorities who had predicted a threemonth delay from the original date of June 3. The capital’s long-await-ed new
      Reuters  -  376 words
    • Article
      Lock icon Southwest defers jets’ delivery as costs bite
      398 24 Bloomberg [DALLAS] Southwest Airlines Co deferred deliveries of 30 Boeing Co 737-800 jets by about four years, as the largest discount carrier extends a cap on fleet size and works to curb rising costs until it hits financial targets. “We’re more conservative right
      Bloomberg  -  398 words
    • Article
      Lock icon The Business Times Shipping times
      3676 28 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
      3,676 words
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      Lock icon Page 24 Advertisements Column 1
      32 24 ACE PAES At 39, what keeps him going? ICONS IN SAND Taj Express’ sand artist on his work for the musical GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2611 25 Transaction date: May 17 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 123 92.5 AIMSAMPIReit 114 -0.5 594 115 114 114 114.5 7.3 10.9
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    • Article
      Lock icon SGX CATALIST
      189 26 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 P/E Smil unch
      189 words
    • Article
      Lock icon GLOBALQUOTE
      206 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 31.5 AVJennings A31.5 -5 3 31.5 31.5 31.5 34.5 3.6 11.1 2.5 82 46 25.5 Genting HK US$ US32 unch 2782 32.5 31.5 31.5 32 2107
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    • Article
      Lock icon UNIT TRUSTS & FUNDS
      7872 26 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 0.95/ Aberdeen Asset Mgt Asia Limited Asian Local Ccy SD Bond 0.995/ Asian Smaller Cos
      7,872 words
    • Article
      Lock icon SGX ETF
      895 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 103 96.8 CIMB APAC Div 100US$ US96.8 97.3 98 10.2 1261 856 CIMBAsean40 100US$ US981 +3 1 981 977 979 984 153.9 ***** ***** DBXT AUD
      895 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX FUTURES
      589 27 May 17 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8789.47 8885.08 8765.71 Jun12 8750.00 8880.00 8715.00 8850.00 *****4 *****5 Sep12 8735.00 8870.00 8735.00 8845.00 632 8995 MSCI TAIWAN INDEX FUTURES SPOT 260.16 263.09 259.69 May12 257.70 262.30 257.10 262.00 ***** *****3 Jun12 257.40 261.60
      589 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr May 16 Index Change Change Change Change Change Change World Preliminary 852.9 -0.2 2.8 0.3 0.0 -0.3 2.3 EAFE Preliminary 677.8 -0.8 -0.6 -0.6 -4.1 -1.2 -1.9 Europe Preliminary 1003.8 -0.4 -2.2
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      129 27 As on 16 May 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT JUN2012 1537.50 1527.90 1536.80 123 CURRENCY AUD-USD FUT JUN2012 .9915 .9862 .9883 1532 EUR-USD FUT JUN2012 1.2758 1.2686 1.2725 2731 BASE METAL COPPER FUT JUL2012 7729 7619 7670 2214
      129 words
    • Article
      Lock icon CHICAGO BOT
      107 27 May 16 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1422.00 1393.75 1423.00 1386.25 Aug 12 1395.25 1340.00 1397.50 1369.00 Sep 12 1342.25 1305.00 1345.00 1319.25 Nov 12 1302.25 1305.00 1310.00 1282.25 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 50.43
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      76 27 CRUDE OIL PRODUCTS May 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.83 -0.28 WTI (Near Mth) 92.88 -0.37 Dubai (1-Mth F) 107.15 -0.63 Tapis blend 117.86 -0.58 Minas 117.66 -0.58 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 98.11 -2.00 Jet Kerosene 123.40 -0.65 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 May 17 S$ Bid Offer 1-month 1.2646 1.2653 2-months 1.2645 1.2652 3-months 1.2644 1.2651 6-months 1.2635 1.2643 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 27 May 16 May Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1993.50 1983.25 3 months 2035.00 2025.00 Copper, Grade A(US$/tonne) Cash 7695.00 7798.00 3 months 7650.00 7765.00 Lead(US$/tonne) Cash 1959.75 1997.50 3 months 1971.00 2008.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon LIFFE
      80 27 May 16 COCOA (£/tonne) Close Prev High/Low May 12 1550 1548 1588/1515 Jul 12 1541 1509 1545/1494 Sep 12 1527 1502 1531/1491 Dec 12 1512 1490 1517/1478 COFFEE(US$/tonne) Close Prev High/Low May 12 2152 2127 2170/2149 Jul 12 2189 2167 2213/2161 Sep 12 2171 2165 2196/2159 Nov 12 2164
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1271 27 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 1 150 389 7.88 24 Conv Ratio Baker Technology Ltd W*****6 1 unch 20 1 32 25 26.50 6 Best World Intl Ltd W*****5 0.6 1 30
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    • Article
      Lock icon INTERBANK CROSS RATES
      470 27 May 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.006 6.279 0.781 7.715 54.069 91.782 0.798 11.556 3.088 1.297 90.188 42.644 1.256 8.231 0.938 29.348 31.163 0.625 0.993 Canada 0.994 6.242
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    • Article
      Lock icon SIBOR
      57 27 May 17 (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$) 0.***** 3 mths 0.***** 6 mths 0.***** 9 mths SWAP Mid rates (S$) 12 mths 0.***** SWAP
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 27 May 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2554 1.2571 0.9927 0.9935 Canadian dollar 1.2481 1.2498 0.9870 0.9878 Euro 1.6084 1.6098 1.2719 1.2723 NZ dollar 0.9675 0.9693 0.7651 0.7661 Sterling pound 2.0096 2.0113 1.5891 1.5896
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    • Article
      Lock icon PRECIOUS METALS
      135 27 May 17 GOLD(US$/oz) May 17 May 16 Hong Kong 1558.00 1543.00 May 16 May 16 May 15 London 1540.66 1552.11 1541.43 1552.88 Source: Thomson Reuters CAST BAR May 17 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 152 63 5gm 431 315 10gm
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    • Article
      Lock icon GOVERNMENT SECURITIES
      82 27 May 17 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****V 16-Aug-12 0.28 1-Year BY*****T 02-May-13 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.250 01-Feb-14 100.06 5-Year N*****0Z 2.375 01-Apr-17 108.85 108.95 108.89 10-Year NX*****X
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    • Article
      Lock icon PALM OIL
      57 27 May 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 12 3141.0 3111.0 3158.0 3107.0 1262 8399 Jul 12 3133.0 3105.0 3155.0 3101.0 6237 ***** Aug 12 3121.0 3095.0 3146.0 3095.0 ***** ***** Aug 12 3122.0 3090.0
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am May 17 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.287 1.226 Can dollar 1.279 1.219 Euro 1.649 1.571 Sterling pound 2.052 1.974 NZ dollar 0.998 0.951 US dollar 1.284 1.235 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      161 27 May 17 $S Offer Bid 0vernight 0.04 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.06 US$ 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
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  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      47 28 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 28 Advertisements Column 2
      18 28 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. The Business Times Shipping Times
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  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      72 29 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
      72 words
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  • ARTS
    • Article, Illustration
      Lock icon Game on for classics
      653 30  -  GAMING REVIEW By CHRISTOPHER LIM VIDEO games usually age more like bread than fine wine, but an exception is role-playing games (RPGs) because they are all about narrative, and good stories never get old. It also helps that there was a tipping point in tech- nology
      PHOTOS: DUNGEONS & DRAGONS  -  653 words
    • Article, Illustration
      Lock icon All roads lead to Rhone
      1207 30  -  Shiraz and Syrah always take me fondly back to my first meeting with the late Gerard Jaboulet, the Rhone Valley’s most dynamic ambassador to the world, writes N K YONG writesN writesN K YONG MENTION Rhone and I am always taken back to the memory
      BT FILE PHOTO  -  1,207 words
    • AroundTown
      • Article
        Lock icon Art
        212 30 Simply Black White: Chinese artists Qi Hong and Wang Shao Xuan join forces to exhibit their black and white paintings at the Alliance Francaise Societe Generale Gallery. Qi Hong’s paintings feature semi-abstract Chinese-ink horses, while Wang’s paintings contain lotuses and ponds. Both artists use mainly black ink on light-coloured
        212 words
      • Article, Illustration
        Lock icon Stage
        97 30 That Clown Called Tartuffe: Catch World-In-Theatre’s produc- tion of French playwright Moliere’s comedic play Tartuffe in That Clown Called Tartuffe! at The Arts House this weekend. The original play was written and staged in 1664, but was quickly censored by King Louis XIV after sparking much controversy for its
        97 words
      • Article
        Lock icon Fleamarket
        74 30 SubMarket! Take a detour from your usual shopping route this Sunday and stop by The Substation for the third quarterly flea market SubMarket! Shoppers can expect about 30 independent vendors selling all kinds of goods from books to crafts and other knick-knacks which are either secondhand or brand new.
        74 words
      • Article, Illustration
        Lock icon Stage
        121 30 The Axis Of Awesome: Have a laugh this weekend with Australian comedy rock band The Axis Of Awesome, who are back in Singapore to perform three separate shows at TAB. The band comprises (from above, left) pianist Benny Davis, frontman Jordan Raskopoulos and guitarist Lee Naimo. The three-man band
        121 words
      • Article
        Lock icon Auction
        84 30 Transformation In Humanity Online Charity Auction: Bid for a good cause, to support the Transformation In Humanity Online Charity Auction and raise funds for WE CARE Community Services which helps people get over various addictions. Items in the list include original art works donated by various artists, as well
        84 words
    • Article, Illustration
      Lock icon Lashings of fun in Miser yarn
      489 31  -  By TAN TECK HENG WITH two toilet bowls sitting stage-front in HuM Theatre’s latest production The Kanjoos, the audience was primed for an evening of slapstick toilet humour. And the local adaptation of French playwright Moliere’s The Miser does not disappoint. HuM’s update of
      489 words
    • Article, Illustration
      Lock icon Flipside of arts
      432 31  -  By RACHEL LOI MURAKAMI play too deep for you? Intercultural adaption of King Lear too intimidating? Then opt for something lighter than what’s offered at this year’s Singapore Arts Festival at the aptly titled Flipside. This ninth annual festival running alongside the main Arts Fest sees young
      432 words
    • Article, Illustration
      Lock icon ART HK feeds the frenzy
      894 31  -  The premier art show in Asia has a rapt audience in the high rollers from China, writesHELMI YUSOF writesHELMI HELMI YUSOF SHENZHEN businessman Lu Shenghui is taken by Joan Miro’s Surrealist painting. He cannot explain why he is drawn to its random configuration of shapes,
      PHOTOS: AFP, GAJAH GALLERY  -  894 words
    • Article
      Lock icon New star on the Silk Road
      504 31  -  By HELMIYUSOF KWOK Kian Chow can’t keep away from the arts. Last September, he stepped down from the position of director of the National Art Gallery Singapore but stayed on as its senior adviser. Yesterday, with almost no notice given to the Singapore media,
      504 words
    • Article, Illustration
      Lock icon Kicking it up a notch
      562 31  -  By JOSHUA TAN DESPITE being close to four decades old, one of Broadway’s most iconic productions A Chorus Line hardly feels dated. Its revival can be linked to the current popularity of TV musicals like Glee Smash or even reality contests like American Idol which
      562 words
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      Lock icon From text to stage
      513 32  -  By RACHEL AU-YONG HARUKI Murakami’s The Wind-Up Bird Chronicle makes a leap from text to stage, thanks to film director Stephen Earnhart. But first, the latter had to get the notoriously elusive author’s approval. So he took a gamble in 2004 and flew to Japan, where
      513 words
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      Lock icon Postmodern show of strength
      1103 32  -  Contemporary art is a tough sell but the right pieces can strike a chord, writesHELMI YUSOF writesHELMI HELMI YUSOF I F there is one thing clear from the recently unveiled permanent exhibition of the Singapore Art Museum, it's that its museum curators enjoy a good postmodern
      SINGAPORE ART MUSEUM  -  1,103 words
  • Page 30 Miscellaneous
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      321 30 CRYPTIC CROSSWORD Across 1 Is worthless as a cash customer? (2,2,7) 9 Noticed to be seven minus five (4) 10 There’s no need to worry with sleep guaranteed (4,7) 11 Scandinavian drink introduced by Mickey (4) 14 King in bed’s a poor kind of sight (7) 16 Qualifications for figuring
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      2553 32 DAVID CONNER Outgoing OCBC chief exec to receive $11.5m PAGE 6 AIR CARGO $15m boost from Changi Airport PAGE 23 BizIT Young start-up diving into travel industry’s deep waters PAGE 31 CENTA-MILLIONAIRES Tally of wealthy Asians overtakes N Americans PAGE 17 THEBUSINESSTIMES S$1.00 online at http://www.businesstimes.com.sg CO R GN NO
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      127 33 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.
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  • CINEMA
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      Lock icon Indo star is born
      510 34  -  By DYLAN TAN IN Australia, the poster of The Raid: Redemption nicely sums up the entire film: “One minute of romance, 100 minutes of non-stop carnage”. And really, that’s all one needs to know about the low-budget Indonesian action flick that not only smashed box-office records
      FESTIVE FILMS  -  510 words
    • Article, Illustration
      Lock icon Chills and spills on Ghost film
      541 34  -  By DYLAN TAN BY his own admission, local filmmaker Cheng Ding An is a “scaredy cat” who isn’t fond of horror movies so it’s almost ironic he made one himself. That’s why, he says, he’s given his new film Ghost On Air a more
      SHAW ORGANISATION  -  541 words
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      Lock icon Raiders of the box office
      709 34  -  The stunning dark horse of Asian films, The Raid: Redemption with its breakout star of silat Iko Uwais, is high-kicking its way to Hollywood, reports DYLAN TAN reportsDYLAN reportsDYLAN TAN THE first time Iko Uwais appeared in front of a camera, it took 56 takes
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      Lock icon Big on gags and gaffes
      541 34  -  By DYLAN TAN FOR excited expectant couples, nine months feels like an eternity for their baby’s arrival; the wait for the ensemble cast rom-com What To Expect When You’re Expecting to end feels just as long. Inspired by Heidi Murkoff’s best-selling pregnancy bible of the
      AP/LIONSGATE  -  541 words
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  • executive lifestyle
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      Lock icon art with heart
      2532 36  -  Artist activists are helping those who live on the fringes, such as the autistic and disabled, to find their voice through art, report TAN TECK HENG and CHEAH UI-HOON report TAN TECK HENG CHEAH UI-HOON –With additional reporting by –With additional reporting by RACHEL LOI and AARON
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    • COVER STORY/MUSIC
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        Lock icon Wang fetes her greats
        499 35  -  CD REVIEW By CHRISTOPHER LIM COMPILATION albums of encore piano music tend to be haphazard, rojak affairs, but not at the hands of Yuja Wang, whose Fantasia is a well-chosen, delicious spread of her favourite short pieces. Although Wang almost named the album My Heroes because
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        Lock icon She’s back
        666 35  -  Powerhouse Hiromi’s rock-solid jazz credentials come from her work with mainstream jazz legends such as Chick Corea, but don’t try to tie her down, writes CHRISTOPHER LIM writesCHRISTOPHER writesCHRISTOPHER LIM THE trick to turning die-hard rock, funk, New Age or movie soundtrack fans into jazz converts is to
        MUGA MUYAHARA  -  666 words
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        Lock icon Raconteur’s ditties
        441 35  -  By JOSHUA TAN TO consider Steve Poltz merely a solo singer accompanied by his guitar, would be a gross understatement. Watching him live was like one long storytelling experience, embellished with elements of drama and stand-up comedy. His performance at the Esplanade recital studio on Wednesday was like
        JONATHAN KWA  -  441 words
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      85 36 BRIAN WILSON, MIKE LOVE AL JARDINE, BRUCE JOHNSTOft dXvID MARKS TOURING TOGETHER FOR THE FIRST TIME IN MORE THAN TWO DECADES j »TV ri w;. Vi a A it SINGAPORE INDOOR STADIUM Available at all SISTIC Outlets Bookings Hotline: +65 6348 5555 Web Book! ngs: www.sistic.com.sg S$100*, S$175*, S$225*, S$275*
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      13 36 CINEMA Up close with director of local film Ghost On Air PAGE 34
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