The Business Times, 22 June 2012

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Microfilm: NL32036
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Friday, June 22, 2012G
    25 words
  • Article
    Lock icon SMSes under siege, bank on businesses
    907 1  -  Consumers cut down on texts, but enterprise SMSes holding up By JOYCE HOOI [SINGAPORE] The humble SMS might be under siege from mobile instant messaging services like WhatsApp, but banks are holding the fort and a larger bill for traditional texting. OCBC Bank and
    907 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      110 1 HST INDEX 2,830.15 (-25.53) HST INDEX FUTURES 2,830.00 (-26.00) HSIMSCI 326.48 (-3.01) HSIMSCI FUTURES 326.70 (-3.40) us$ s$ US$ (S$ per US$) 1.272 (US$/S$ per 1.567 1.993 EURO (US$/S$/E) 1.265 1.609 Foreign currency per US$ S$ YEN 79.60 62.60 RM 3.178 2.498 HK$ 7.759 6.100 BAHT 31.73 24.94 RUPIAH
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    • Article
      Lock icon PRIME RATES
      17 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 14.524 TAIWAN 5.036 JAPAN 1,475 Source: Bloomberg
      17 words
  • Article, Illustration
    Lock icon Sing$ may go into long funk as eurozone woes linger
    769 1  -  It has given up most of its gains against US$ with havens in demand By EMILYN YAP [SINGAPORE] What started as a promising year for the Singapore dollar vis-a-vis the US dollar is turning into a period to forget. The
    Source: Bloomberg  -  769 words
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      172 1 EUROZONE CRISIS Grexit a question of when, not if PAGE 2 WINDOWS 8 Microsoft adds phones PAGE 4 OPINION Tianjin Eco-city China’s model for the future PAGE 19 WINE Scoring a heady hit PAGE 29 From corporate life to fine arts EXECUTIVE LIFESTYLE~PAGES 26 AND 27 8 *****1 *****4 Sf=JFRO=IFR
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      477 2 SMSes under siege, bank on businesses THE humble SMS might be under siege from mobile instant messaging services like WhatsApp, but banks are holding the fort and a larger bill for traditional texting. OCBC Bank and DBS Bank alone send out 2 million and 1.8 million SMSes respectively
      477 words
    • Article
      Lock icon MFA reviewing claims reimbursement procedures
      327 2  -  Move follows suspension of chief of protocol over alleged improper claims By KELLY TAY THE Ministry of Foreign Affairs (MFA) is reviewing its internal procedures for claims reimbursement to determine whether additional safeguards may be necessary. This comes a day after BT first reported that
      327 words
    • Article, Illustration
      Lock icon Only 6 bids for Farrer Drive reserve list site
      961 2  -  But SingLand unit’s top bid of $1,048 psf ppr marks a high in recent years By KALPANA RASHIWALA [SINGAPORE] A smallish private housing plot at Farrer Drive has attracted just six bids, though the top bid of $1,048.52 per square foot
      961 words
    • Article, Illustration
      Lock icon Grexit a question of ‘when and how’ – not ‘whether’
      997 2  - Grexit a question of ‘when and how’ not ‘whether’ It’ll happen this year or by early 2013: Cornell professor By VIKRAM KHANNA [SINGAPORE] It is “economically and politically untenable” for Greece to remain in the eurozone and there is a more than even chance that it will exit this year
      YEN MENG JIIN  -  997 words
    • Article
      Lock icon US commerce secretary resigns
      136 2 Reuters [WASHINGTON] US Commerce Secretary John Bryson, who has been under investigation for his role in two car crashes earlier this month, said yesterday that he was resigning to“prevent distractions” at the department he has led for less than a year. President Barack Obama, in a
      Reuters  -  136 words
    • Article
      Lock icon Top Temasek official sees smaller industry returns
      520 2 Bloomberg [HONG KONG] Temasek Holdings, a Singapore investment company, expects smaller returns for the asset management industry on anticipation that the outlook would be difficult for years, said Gregory Curl, president and head of Latin America. Investment returns will be lower compared with
      Bloomberg  -  520 words
    • Article
      Lock icon Microsoft phones complete Win8 trinity
      810 4  -  Adding phones caps a big week for Microsoft, which just unveiled its tablet PC based on the next OS By VICTORIA HO [SINGAPORE] What a big week it’s been for Microsoft. Two days after the technology titan unveiled a brand-new tablet to be based on
      810 words
    • Article
      Lock icon Pinnacle Notes investors want mediation to stay secret
      701 4  -  They ask US court to stop Morgan Stanley from seeking details By GRACE LEONG [SINGAPORE] Documents and testimony relating to mediation proceedings involving investors of the failed Pinnacle Notes are at the centre of their latest spat with Morgan Stanley in the
      701 words
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      116 3 TOP DOWN. REV UP. A full-force expression of power, the BMW M6 Convertible revs up the sensation of open-top driving. It delivers pure performance 560 horsepower, 680Nm torque and a 0 10Okm/h sprint in 4.3 seconds from an M TwinPower Turbo engine. This unrestrained power combines with an athletic poise,
      116 words
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      226 4 Modern CWCrK/l Bugi Cube r*i. 0 110 K. I I 1 I a II jj PT'M i to arUJ I Wti* ilt P r% lS P#t Iff ©to u pjw .1 H t' IPa* z mi 1 'ml te a*i 4" m m M fit r A 6 levels of
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Olam shares fall 5.4% after CFO resigns
      606 5  -  Other commodity stocks also decline as Fed cuts US growth forecasts By CAI HAOXIANG COMMODITIES trader Olam International’s share price slipped 5.4 per cent yesterday following news that its chief financial officer had resigned. The share price fall came on a day of
      Source: Bloomberg  -  606 words
    • Article
      Lock icon DMX appoints Christopher Fix as chief executive officer
      273 5 Bloomberg [DUBAI] Dubai Mercantile Exchange (DME), majority-owned by CME Group Inc, has appointed Christopher Fix as chief executive officer to help the United Arab Emirates (UAE)-based oil futures market expand its Oman crude futures contract in Asia. The DME plans to open
      Bloomberg  -  273 words
    • Article
      Lock icon Orchard Parade gives details of assets in Far East H-Trust
      433 5  -  By GRACE LEONG DETAILS of the leasehold interests to be sold by Orchard Parade Holdings (OPH) for at least $702 million as part of a move towards the planned listing of Far East Hospitality Trust were revealed in a circular
      433 words
    • Article
      Lock icon Citi sees big growth in collateral mgmt biz
      463 8  -  Growth in forex and commodities derivatives expected to continue, it says By JAMIE LEE CITI expects double-digit growth next year in its business of managing collateral posted for over-the-counter (OTC) derivative trades, and the handling of funds’ administrative needs, a senior executive
      463 words
    • COMPANY BRIEFS
      • Article
        Lock icon KepLand names Loh Chin Hua as director
        102 8 KEPPEL Land has appointed Loh Chin Hua, chief financial officer of Keppel Corporation, as a non-independent, non-executive director and a member of its audit committee with effect from July 1. Concurrently, Teo Soon Hoe, senior executive director of Keppel Corp, will step down
        102 words
      • Article
        Lock icon Substantial share transfer at Oceanus
        115 8 Reuters [SINGAPORE] Singaporelisted abalone producer Oceanus Group Ltd said late yesterday that two substantial shareholders will transfer a large block of shares to the firm’s former CEO. Chairman Ng Cher Yew and Bestglobal Enterprises Corp will transfer 446.3 million Oceanus shares, or about 22 per
        Reuters  -  115 words
    • Article, Illustration
      Lock icon Maxi-Cash IPO plays on the number 8
      352 8  -  By CAI HAOXIANG FOR those who believe in the lucky number 8, Singapore’s first pawnbroker to list here begins trading today on an auspicious note. Maxi-Cash Financial Services Corporation is making its Catalist trading debut with a market capitalisation of $88.8 million. And
      FILE PHOTO  -  352 words
    • Article
      Lock icon Reliance seen setting high yield for IPO
      424 8 Reuters [SINGAPORE] The undersea cable unit of India’s Reliance Communications Ltd may be forced to offer a dividend yield of over 10 per cent for its US$1 billion Singapore IPO, which is expected to be launched over the next two weeks, sources said
      Reuters  -  424 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI posts first drop in five days
      615 6  -  According to conventional market wisdom, reason for the selling was sudden doubts over the situation in Europe STOCKS R SIVANITHY Senior Correspondent HAVING risen 82 points in four straight trading sessions one before the Greek elections over the weekend and three after the
      Source: Bloomberg  -  615 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 8 3 0 0 0 4 8 3 Manufacturing 31 60 38 5 4 10 36 64 48 Commerce 9 23 18 2 1 5 11 24 23 Tpt/Stor/Comms 14 18 7
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN SDQ TOTAL MAIN SDQ TOTAL Multi Ind 7,722 7,722 37,227 37,227 Manufacturing 190,301 37,632 227,933 130,603 2,661 133,265 Commerce 212,185 11,613 223,798 160,930 566 161,497 Tpt/Stor/Comms 55,859 12,854 68,713 84,058 3,093 87,151 Finance 11,328 11,328 106,181 106,181 Construction 53,648 8,500 62,148 9,026
      121 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      112 6 Stock name Close Change CapMallsAsia 1.510 -0.010 CapitaLand 2.680 -0.010 CapitaMall 1.800 +0.010 CityDev 10.710 -0.070 ComfortDelGro 1.485 -0.015 DBS Grp 13.750 -0.020 F&N 6.900 -0.100 GLP 2.080 -0.060 Genting SP 1.420 -0.015 Golden Agri 0.640 -0.025 HK Land 5.680 -0.050 JMH 47.750 -0.350 JSH 29.510
      112 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      66 6 Jun 21 VALUE CLOSE BT OB/OS 258.00 -23.00 BT CADI -*****.00 -62.00 BT 10-day MA -*****.00 +26.00 FTSE ST Mid Cap 661.68 -0.71 FTSE ST Small Cap 435.69 -0.67 FTSE ST All Share 686.16 -5.03 FTSE ST China Top 193.99 -1.73 FTSE ST China 219.92 -1.80 FTSE
      66 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 6 VOLUME Golden Agri 67,423,000 GMG Global 67,411,000 Olam 53,975,000 First REIT 43,760,000 M Devt 43,618,000 Artivision 41,390,000 NexGenSCom 39,211,000 Genting SP 38,435,000 GSH Corp 34,256,000 Contel 28,924,000 VALUE($) Olam 101,076,110 Genting SP 54,923,030 Golden Agri 44,111,350 First REIT 38,735,160 UOB 38,577,920 DBS Grp 36,603,500 Noble Grp 31,647,800
      58 words
    • Article
      Lock icon BROKERS’ TAKE
      862 6  -  Compiled by JAMIE LEE Olam International June 21 close: $1.855 Citi Investment Research, June 20 THE firm yesterday announced the departure of its CFO Krishnan Ravi Kumar, Olam’s CFO since 1996. We believe Mr Ravi is pursuing a new career outside the agri-com-modity sector. He will continue in
      862 words
    • Article, Illustration
      Lock icon Fed, China data weigh on markets
      460 6 CURRENCIES Reuters [SEOUL] Most emerging Asian currencies fell yesterday as the US Federal Reserve’s policy announcement disappointed some investors who had expected more aggressive easing while soft China data added to the gloom. The Philippine peso and the Malaysian ringgit suffered from US dollar
      Reuters; REUTERS  -  460 words
    • Article
      Lock icon RISES
      116 6 BY CENTS CLOSE UP IS S&P500 ***** 67.4 0.4 Jardine C&C 4510 31.0 0.7 Daiwa FT Shariah Jap 733 30.5 3.4 UOB 5.05%NCPS 100 ***** 25.0 0.2 DBXT S&P Short 10US$ 3796 24.2 0.5 DBXT MSPacExJp 10US$ 408 19.1 3.8 OCBC Bk 4.5%NCPS 100 ***** 15.0 0.1 KepLand 1
      116 words
    • Article
      Lock icon FALLS
      128 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ 9194 -384.1 -3.2 GLD 10US$ ***** -244.2 -1.2 JMH 4775 -44.5 -0.7 UOB 1810 -40.0 -2.2 DBXT MSTHAI 10US$ 1779 -36.9 -1.6 DBXT FTChina25 10US$ 2553 -33.1 -1.0 DBXT MSAsExJp 10US$ 2885 -33.1 -0.9 DBXT FTVietnam 10US$ 2387 -31.8 -1.0 DBXT MSINDO
      128 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
      5 words
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      109 7 Audi e-tron The future of electric mobility. Triple victory for ultra, e-tron and quattro®. The ultra lightweight Audi R18 e-tron quattro wins the 24hr of Le Mans. We owe this success to our team and the interplay of intelligent systems. With Audi ultra lightweight technology, we’re optimising the weight of
      109 words
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      1798 8 NOTICE OF ANNUAL GENERAL MEETING a-ilrush ascendas India trust ASCENDAS INDIA TRUST (a business trust constituted on 7 December 2004 under the laws of the Republic of Singapore) MANAGED BY ASCENDAS PROPERTY FUND TRUSTEE PTE. LTD. (Company Registration Number: *****2730D) (as trustee-manager of Ascendas India Trust) NOTICE IS HEREBY GIVEN
      1,798 words
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      214 9 fOS iiiii nwmmmi ms 'stir* IT ms FOS STAR N <• r*iz 9 t 2T« FOS ******111 ii 3 7Z2? uni m it h i S ix l^2*rTT7# rni? x FOS LEO FOS v FOS VIRGO 1 H»» iir ■< F05 7 MW f. I A L CAT ®A1 HSC,
      214 words
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  • SINGAPORE NEWS
    • Article
      Lock icon No longer cheap for expatriates in China
      436 10  -  Beijing, Shanghai overtake S’pore in list of Asia’s most expensive locations By LIM WEI SHENG BEIJING and Shanghai have overtaken Singapore in a ranking for the most expensive locations for expatriates in Asia. Singapore is Asia’s eighth most expensive location, while Beijing and
      436 words
    • Article
      Lock icon 2011 donations highest in 10 years
      312 10  -  By MALMINDERJIT SINGH ECONOMIC prospects appeared uncertain last year, but that did not stop more Singaporeans and companies here from being more charitable. According to the 2011 Annual Report of the Commissioner of Charities (COC) released yesterday, tax-deductible donations received in 2011 in aid
      312 words
    • Article
      Lock icon Singapore’s oil trade in 2011 up by a third: BP
      480 10  -  By RONNIE LIM AMIDST the Arab Spring and higher global oil prices, S i n g a p o r e s o i l refining/trading hub had a busier time last year, trading 1.836 million barrels of oil daily,
      480 words
    • Article
      Lock icon S’pore-EU trade surges despite eurozone crisis
      675 11  -  EU was the Republic’s largest supplier of goods and also largest export market last year By MALMINDERJIT SINGH WHAT eurozone crisis? As the world discusses the viability of the eurozone, businesses in Singapore seem unperturbed, with bilateral trade volumes reaching record highs. This is
      675 words
    • Article
      Lock icon Bugis Cube to tap strata commercial fever
      362 11  -  By MICHELLE TAN THE strata commercial property space continues to be abuzz with activity with yet another development coming onto the market this weekend. Notably, 91 out of 119 units in Bugis Cube a 999-year leasehold development in the Bugis district is expected
      362 words
    • Article
      Lock icon Next Int’l Water Week in 2014 as part of biennial triple bill
      659 11  -  By LYNN KAN AFTER the upcoming Singapore International Water Week’s (SIWW) fifth annual run comes and goes in July, the water industry’s billboard event will take a breather. SIWW will return in 2014 but occur biennially. Also, it
      659 words
    • Article
      Lock icon IDA expands initiative for mobile app development
      542 11  -  5 more global tech firms join AMPlify, launched in 2010 By AMIT ROY CHOUDHURY FIVE global technology companies have come on board the government’s programme to develop local skills in mobile applications development, particularly in enterprise mobility. The new partners are HTC, IBM,
      542 words
    • Article
      Lock icon S’pore appoints ambassador to US
      175 11 ASHOK Kumar Mirpuri has been named as Singapore’s next ambassador to the United States, the Ministry of Foreign Affairs (MFA) said yesterday. Mr Mirpuri, who was Singapore’s ambassador to Indonesia from July 2006 until this month, will assume his new post on July 23, taking
      175 words
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      1327 10 SAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices GOLDEN AGRI-RESOURCES LTD (Incorporated in the Republic of Mauritius) NOTICE OF EXERCISE DATE OF WARRANTS eW*****3 TO: ALL HOLDERS OF WARRANTS eW*****3 TO SUBSCRIBE FOR NEW SHARES IN GOLDEN AGRIRESOURCES LTD (THE “COMPANY”) THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION.
      1,327 words
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      551 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SHENTON SINGAPORE HOLDING PTE. LTD. (Registration No. *****8316K) (In Members’ Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] An Extraordinary General Meeting of the Company, held at 80 Raffles Place #18-01 UOB Plaza Singapore *****4
      551 words
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      376 10 >©f B8AR3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices NOTICE OF EXTRAORDINARY GENERAL MEETING a-ilTusI-ascendas india trust ASCENDAS INDIA TRUST (a business trust constituted on 7 December 2004 under the laws of the Republic of Singapore) MANAGED BY ASCENDAS PROPERTY FUND TRUSTEE PTE. LTD. (Company Registration Number: *****2730D) (as trustee-manager
      376 words
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      125 11 Junk foods and red meats may contain high levels of trans and saturated fats which build up in your liver. Over time, it may weaken your liver functions. Health news from B LIVE WELL CBwe CHILDREN-BABY-MATERNITY EXPO UBM 12 THE LL* th Shanghai International CHILDREN-BABY-MATERNITY INDUSTRY CXPO 1,200 exhibitors 1,900
      125 words
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  • ECONOMY WATCH
    • Article, Illustration
      Lock icon European woes raining on America’s parade
      754 12  -  Latest Swift Index forecast of OECD growth in Q2 and Q3 down by half By SIOW LI SEN EUROPE’S severe problems are dragging down the modest recovery in the United States, prompting one forecast of global economic growth to fall by half. “May payment
      Source: SWIFT  -  754 words
    • Article, Illustration
      Lock icon Larger homes, more cars as Aussies evade crisis
      482 12 Bloomberg [SYDNEY] Australians became richer, owned more cars and lived in larger homes in a five-year period spanning the world’s worst financial crisis since the Great Depression, according to a Census released yesterday. The proportion of households earning more than A$3,000 (S$3,880)
      Bloomberg; AFP  -  482 words
    • Article
      Lock icon Bank of Japan ready for bold steps in monetary easing if needed
      562 12 Reuters [KAGOSHIMA, Japan] The Bank of Japan is prepared to take bold action to support the economy when necessary, one of its policymakers said yesterday, signalling the possibility of further monetary policy easing next month if risks to
      Reuters  -  562 words
    • Article
      Lock icon Japan’s mfg mood turns pessimistic in June
      384 12 But reconstruction-related demand keeps servicessector optimism steady Reuters [TOKYO] Japan’s corporate mood turned pessimistic in June for the first time in four months, a Reuters poll showed, as Europe’s deteriorating sovereign debt crisis, a strong yen and worries about a slowdown in emerging
      Reuters  -  384 words
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      211 12 Exquisite: 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 When You Buy. Sell, or Rent Manchester Business School w X o Manchester Global MBA Study at Raffles Place for the top international MBA in
      211 words
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon KL set to streamline incentives for energy-efficient vehicles
      600 13 Govt in talks with Japan carmakers; looking into opening up 1,800cc segment [PETALING JAYA] The Malaysian government has put in place strategies under the upcoming revised National Automotive Policy (NAP) to turn Malaysia into a regional hub for ener-gy-efficient vehicles, The Star
      FILE PHOTO  -  600 words
    • Article
      Lock icon Indonesia sees record rise in corporate sukuk this year
      301 13 Bloomberg [JAKARTA] Indonesia is predicting that corporate sukuk sales will rise to a record this year, as issuers take advantage of falling borrowing costs and demand rises from insurers. Issuance will probably reach three trillion rupiah (S$405.3 million), higher than 2008’s
      Bloomberg  -  301 words
    • Article
      Lock icon Malaysia Airlines aims to become profitable by 2014
      438 13  -  By PAULINE NG in Kuala Lumpur FINANCIALLY strapped Malaysia Airlines (MAS) is trying to restructure its loss-making operations with the aim of becoming profitable by 2014 amid shareholder disgruntlement about directors’ fees. Group chief executive Ahmad Jauhari Yayha said yesterday the national
      438 words
    • Article
      Lock icon M’sia revises Islamic equity standards
      233 13 Reuters [SYDNEY] Malaysia’s Securities Commission has revised its guidelines for equities which qualify for Islamic investment, in a move that could increase the appeal of the country’s syariah-compliant funds industry to Gulf investors. Under the previous standards, investment was banned or restricted in companies that
      Reuters  -  233 words
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      64 13 #A SELLING I FISH OIL DOUBLE THE GOODNESS DOUBLE THE VALUE HQLUMiaaiMtrr qS D 29.90 (UP. $59.80) Maximum Strength Triple Omega 3-6-9 1200mg 60Softgels Supports Cardiovascular, Circulatory Joint Health HOLLAND BARRETT weVe good for you. ®finbsg 313@somerset B3 ARC L2 Bukit Parjang Plaza LI Citytink B1 City Square Mall B1
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      1270 13 PROTECT YOUR LIVER Usual: $109.95 Protect your liver with LAC Activated Liver Protector $55for 2nd box MAHS*****94 MAHP*****09 6281 5688 or 6757 4403 MAXI-CASH FINANCIAL SERVICES CORPORATION LTD (Incorporated in the Republic of Singapore on 10 April 2008) (Company Registration No.: *****6968Z) Invitation in respect of 56,000,000 New Shares comprising:
      1,270 words
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  • GREATER CHINA/INDIA
    • Article, Illustration
      Lock icon China’s US$1b rig edging towards troubled waters
      968 14 Ultra-deep-water rig now drilling south of HK, within Beijing’s jurisdiction Reuters [HONG KONG] China has spent nearly US$1 billion on an ultra-deep-water rig that appears intended to explore disputed areas of the South China Sea, one of Asia’s most volatile hotspots and where
      Reuters; AFP  -  968 words
    • Article
      Lock icon China regulator mulls raising QFII investment in listed firms
      331 14 Reuters [SHANGHAI] China’s securities regulator has proposed a 50 per cent increase in size of the total stake that approved foreign investors can hold in listed companies, the latest in a series of steps intended to attract more investment in the
      Reuters  -  331 words
    • Article
      Lock icon China factories in 8th month of contraction
      478 14 Reuters [BEIJING] China’s factory sector shrank for an eighth straight month in June as export orders sentiment hit its weakest level since early 2009, according to a survey that indicates the country’s economic trough may extend well into the third quarter. The HSBC
      Reuters  -  478 words
    • Article, Illustration
      Lock icon India corporates set to ramp up bond sales
      453 14 Bloomberg [MUMBAI] India’s companies, which held off bond sales expecting central bank Governor Duvvuri Subbarao to cut interest rates, now must accelerate offerings as debt maturities reach a six-year high. The country’s three largest issuers, Power Finance Corp, Housing Development Finance Corp
      Bloomberg  -  453 words
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      10 14 HITS HEAR ADAM LAMBERT HOTTEST HITS DN S1.BFM 91.3FMI J
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      32 14 OH, KOLKATA! Five tabla! readers write about the changes in their city of joy S’PORE’S NIGHTLIFE HAS A STRONG INDIAN BEAT GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
      32 words
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      170 14 Collective Sale of Lam Soon Industrial Building (1) Residential Redevelopment; or (2) Industrial A A (subject to Authority’s approval) Huge freehold site: 21,452.7 sm (approx. 230,915 sqft) Regular shape with wide frontage of approx. 200m Master Plan 2008: Residential with plot ratio 1.92 Current Industrial use with GFA of approx.
      170 words
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      1674 15 GOURME^f A P AN tZ'JLX 'JV A°V Special ADVERTISEMENT iTaaaKi^masu!> The rise of Japan in the culinary world ushers the inaugural Gourmet Japan food festival in Singapore Japan has quite officially taken over as the culinary Mecca of the world with more 3-Michelin starred restaurants than any other country, according
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  • WORLD
    • Article
      Lock icon Sales of existing homes fell in May to 4.55m rate
      489 16 Weak job gains and limited access to credit are restraining the housing industry LATEST US DATA Bloomberg [WASHINGTON] Sales of previously owned US homes declined in May, showing an uneven recovery in residential real estate. Purchases of existing properties dropped
      Bloomberg  -  489 words
    • Article
      Lock icon Spain borrowing costs soar as EU ponders bank aid
      541 16 Greece to ask lenders for two more years to hit fiscal targets Reuters [MADRID] Spain’s mediumterm borrowing costs spiralled to a euro-era record at an auction yesterday, hours before an independent audit was due to reveal how big a capital hole
      Reuters  -  541 words
    • Article, Illustration
      Lock icon Facebook share rally helps allay concerns about profitability
      546 16 Bloomberg [NEW YORK] Facebook Inc’s 22 per cent rally in two weeks has helped the social-network operator avoid posting the biggest slump among the largest US initial public offerings (IPOs) since the start of 2011. Facebook, which set a record for technology
      Bloomberg; REUTERS  -  546 words
    • Article, Illustration
      Lock icon National Bank of Greece to sell luxury resort
      619 16 Bloomberg [MADRID] National Bank of Greece is preparing to sell an Athenian Riviera resort, visited by world leaders and movie stars for more than half a century, in a test of the country’s ability to sell assets amid concern that it will
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    • Article
      Lock icon Federal Reserve cuts US growth forecasts
      720 16 Officials also see slower progress in jobs market Reuters [WASHINGTON] The US Federal Reserve slashed its estimates for US economic growth this year to a range of 1.9 per cent to 2.4 per cent, down from an April projection of 2.4 per cent to
      Reuters  -  720 words
    • Article, Illustration
      Lock icon Rome talks: All eyes are on Monti the mediator
      756 17 He’s tasked to help Big 4 find common solutions to crisis AFP [ROME] Mario Monti’s diplomatic skills will be put to the test today, as he is called to mediate between the eurozone’s biggest economies as they race to find common
      AFP  -  756 words
    • Article
      Lock icon MNCs shift top offices to China, HK, S’pore
      715 17 Firms with directors based in Asia jump to 30% last year from 19% in 2008 NYT [HONG KONG] For years, US, European and Japanese companies have been building up blue-collar and back-office operations and representative offices in places like mainland China, Hong
      NYT  -  715 words
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      24 16 HERE NOW Australian House Land Earn18.8%+ ROI Subject to strategy selected www.smartroisolutions.com/bt +65 9727 9898 Ray International Real Estate Group INTERNATIONAL REAL ESTATE GROUP
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      253 17 a» WATS 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 ORCHARD REAL AGENCY (PTE) LTD Company Registration No.*****2170K (In Members’ Voluntary Liquidation) FINAL MEETING NOTICE is hereby given pursuant to Section 308 of the Companies Act, Cap.
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      452 17 OVERSEA-CHINESE BANKING CORPORATION LIMITED (Incorporated in Singapore) Company Registration No *****0032W LOST SHARE CERTIFICATE The following share certificate has been reported lost, mislaid or destroyed by the Administrator of the Estate of Chiang Ai Neoh, deceased:Certificate No No of Shares In the Name of M*****47 1 x2,054 Chiang Ai Neoh
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      476 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CAIRNHILL PLACE (1999) LIMITED (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****8221E) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting of Cairnhill Place (1999) Limited duly convened and held on the 18th day of June 2012,
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      1451 17 o oceanus GROUP OCEANUS GROUP LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****5793D) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of OCEANUS GROUP LIMITED (the “Company”) will be held on 10 July 2012 at 2.00 p.m. at the Grand Ballroom,
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  • EDITORIAL & OPINION
    • Article
      Lock icon Fiscal fears about Malaysia unfounded
      485 18 EDITORIAL IDRIS Jala, Minister in the Prime Minister’s Department, exuded confidence that rising revenues would help fund a RM13.8 billion (S$5.5 billion) supplementary budget of the Malaysian government last week. But there are also fears that the government might bust its budget deficit projection of
      485 words
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      Lock icon Beijing finds repression not the best way to handle dissent
      782 18  -  THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 DENG Xiaoping used the phrase “stability is of overriding importance” many times in the aftermath of the Tiananmen Square military crackdown
      782 words
    • Article, Illustration
      Lock icon Ugly nexus of big US banks and universities
      1028 18  -  Reining in academic ‘consulting’ will be difficult as long as the two remain intertwined By SIMON JOHNSON The writer, a former chief economist of the IMF, is co-founder of a leading economics blog, http://BaselineScenario.com, a professor at MIT Sloan, a senior fellow
      BLOOMBERG  -  1,028 words
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      Lock icon China’s model for the future
      1386 19  -  Tianjin Eco-city, the world’s largest eco-city, is rising from a wasteland in China into a sustainable, all-inclusive city By GAIA VINCE IT TAKES less than an hour on the new high-speed train line to travel the 150 kilometres southeast from Beijing to Tanggu, the dirty
      KEPPEL CORP  -  1,386 words
    • Article
      Lock icon How banks can serve Asia’s rich efficiently
      692 19  -  By SHAYNE NELSON The writer is global head of high-value client coverage and CEO of Standard Chartered Private Bank ASIA’S rich are different and have distinct needs from their counterparts in the West. To serve this fastgrowing client base efficiently, banks must change
      692 words
    • LETTERS TO THE EDITOR
      • Article
        Lock icon 27% of foreigners pay income taxes: MOF
        206 19  -  Lim Bee Khim (Ms) Director (Corporate Communications) Ministry of Finance (MOF) SOME attention has focused on the fact that only 1.7 per cent of foreigners in Singapore pay personal income tax. This arose from an estimate in an earlier commentary by professor Lim
        206 words
      • Article
        Lock icon It’s a sensible approach, not ‘regulatory arbitrage’: MAS
        204 19  -  Angelina Fernandez Director (Communications) Monetary Authority of Singapore THE article, “Singapore accused of ‘regulatory arbitrage’” (BT, June 16), is misleading. The Monetary Authority of Singapore (MAS) is committed to the G-20 objective of strengthening the regulation of OTC derivatives. We intend to
        204 words
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      103 19 HAVE YOUR SAY Fax your letters to 6319-8277 or email them to btletter@sph.com.sg or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
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  • SHIPPING/AVIATION
    • Article, Illustration
      Lock icon MISC confident after liner divestment
      436 20 [KUALA LUMPUR] MISC Bhd’s decision to exit the liner business is “sound” as it expects the next few quarters to be “better than before”, said chairman George Ratilal. “We are confident that there will be no more provisions from the liner business. We have accounted
      BLOOMBERG  -  436 words
    • Article
      Lock icon Transaero signs US$1.7b deal to buy four A380 jets
      433 20 AFP [ST PETERSBURG] Russia’s second-largest airline Transaero signed a US$1.7 billion deal yesterday to buy four Airbus 380 jets, becoming the first ex-Soviet region carrier to order the world’s biggest passenger jet. Transaero’s general director Olga Pleshakova and Airbus Europe executive
      AFP  -  433 words
    • Article, Illustration
      Lock icon ANA finds 787 dimmable windows not dark enough
      562 20 Reuters [TOKYO] Boeing Co’s launch customer for its 787 Dreamliner, Japan’s All Nippon Airways (ANA), says the plane’s electronic dimmable windows are not dark enough for long-haul flights and has asked the US aircraft maker to come up with a way to
      Reuters; REUTERS  -  562 words
    • Article
      Lock icon Rich maritime families go ship shopping
      466 20 HK, Greece, Norway clans step up purchases as prices hit historic lows Bloomberg [LONDON] Cash-rich maritime families from Greece, Hong Kong and Norway are buying more vessels after an industry slump reduced prices to historic lows, said Braemar Shipping Services plc’s new chief executive
      Bloomberg  -  466 words
    • Article
      Lock icon American Airlines pilots won’t vote on final offer
      532 20 Bloomberg [DALLAS] American Airlines (AA) pilots will not vote on a final concessionary offer from the bankrupt carrier, leaving the future of their contract in the hands of a judge. The Allied Pilots Association (APA) board decided 11 to five not to
      Bloomberg  -  532 words
    • Article
      Lock icon TRANSPORT STOCKS
      255 20 SGX '000 Jun 21 S$ +/-Vol CH Offshore 0.41 -0.01 59 Chuan Hup Hldg 0.23 0.01 269 Cosco Corp 0.99 -0.02 2775 s$ First Ship Lea 0.18 unch 1 Freight Links 0.06 unch 2216 Grand Banks unch unch 0 Jaya Hold Ltd 0.56 -0.01 234 K1Ventures 0.11 unch
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    • Article
      Lock icon The Business Times Shipping times
      3520 24 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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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      2364 21 Transaction date: Jun 21 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld 123 92.5 AIMSAMPIReit 119 +1 290 119 118 118 119 7 11.4
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      Lock icon SGX CATALIST
      190 22 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 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 el
      190 words
    • Article
      Lock icon UNIT TRUSTS & FUNDS
      8129 22 UNIT TRUSTS FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FundCI 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 American Opp Asian Local Ccy SD Bond 0.6451/ 0.9964/ EM
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    • Article
      Lock icon GLOBALQUOTE
      188 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 46 25.5 Genting HK US$ US32.5 -0.5 1630 33 32 32.5 33 2140 Vol 201 168 TanChongInt HK189 186 199 4.3 3.7 6.3 3806.3 STOCK PRICES LEGEND:
      188 words
    • Article
      Lock icon SGX ETF
      968 22 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 113 ABF SG Bond ETF 119 4 119 119 118 119 543.2 122.4 122.4 CIMB APAC Div 100S$D 122.4 123.2 123.7 103 95.8 CIMB APAC
      968 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX FUTURES
      616 23 Jun21 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8794.03 8859.04 8790.86 Sep12 8735.00 8845.00 8715.00 8825.00 ***** *****4 Dec12 8765.00 1 6455 MSCI TAIWAN INDEX FUTURES SPOT 260.56 260.56 258.40 Jun12 260.70 262.20 257.40 258.30 ***** *****4 Jul12 253.40 254.90 250.50 251.50 2273 5133
      616 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 23 In local curr In S$ In US$ dy yr dy yr dy yr Jun 20 Index Change Change Change Change Change Change World Preliminary 866.5 0.2 4.4 0.4 1.7 0.2 4.0 EAFE Preliminary 689.1 0.8 1.0 1.0 -2.2 0.8 0.0 Europe Preliminary 1027.4 0.5 0.1
      373 words
    • Article, Illustration
      Lock icon SMX MARKET UPDATE
      134 23 As on 20 June 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL SILVER FUT JUL2012 28.355 28.325 28.405 20 INDIA GOLD (E-GOLD) FUT AUG2012 537.35 528.95 538.90 741 INDIA GOLD (E-GOLD) FUT OCT2012 535.40 535.40 544.30 5 CURRENCY EUR-USD FUT SEP2012 1.2744 1.2650
      134 words
    • Article
      Lock icon CHICAGO BOT
      107 23 Jun 20 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 12 1446.50 1433.75 1448.00 1426.25 Aug 12 1437.00 1421.25 1436.50 1415.00 Sep 12 1410.25 1398.00 1409.00 1389.00 Nov 12 1395.50 1384.50 1395.75 1370.50 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 12 50.81
      107 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 23 CRUDE OIL PRODUCTS Jun 20 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 94.72 -1.38 WTI (Near Mth) 80.85 -3.37 Dubai (1-Mth F) 93.77 0.29 Tapis blend 100.37 -0.68 Minas 101.67 -0.28 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 79.14 -0.08 Jet Kerosene 110.39 0.95 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 23 Jun 21 S$ Bid Offer 1-month 1.2720 1.2722 2-months 1.2719 1.2722 3-months 1.2718 1.2720 6-months 1.2704 1.2708 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      66 23 Jun 20 Jun 20 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1865.00 1886.00 3 months 1905.00 1926.00 Copper, Grade A(US$/tonne) Cash 7536.50 7599.50 3 months 7545.00 7609.00 Lead(US$/tonne) Cash 1864.00 1895.00 3 months 1882.00 1912.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3
      66 words
    • Article
      Lock icon LIFFE
      80 23 Jun 20 COCOA (£/tonne) Close Prev High/Low Jul 12 1508 1539 1542/1505 Sep 12 1494 1523 1524/1486 Dec 12 1467 1493 1497/1461 Mar 13 1452 1478 1475/1445 COFFEE(US$/tonne) Close Prev High/Low Jul 12 2062 2082 2089/2046 Sep 12 2086 2101 2109/2065 Nov 12 2076 2088 2095/2056 Jan 13 2052
      80 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1208 23 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 1 146 369 8.00 23 Conv Ratio Baker Technology Ltd W*****6 1 1 32 14 29.00 5 Price Best World Intl Ltd W*****5 0.6 1 30 75
      1,208 words
    • Article
      Lock icon INTERBANK CROSS RATES
      470 23 Jun 21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.038 6.460 0.802 7.875 57.360 96.192 0.808 11.703 3.225 1.273 95.786 43.074 1.291 8.396 0.964 30.317 32.204 0.648 1.015 Canada 0.964 6.226
      470 words
    • Article
      Lock icon SIBOR
      56 23 Jun 21 (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$) 0.***** 3 mths 0.***** 0.***** SWAP Mid rates (S$) 0.***** SWAP Mid rates (S$) 1 yr 0.*****
      56 words
    • Article
      Lock icon PRECIOUS METALS
      136 23 Jun 21 GOLD(US$/oz) Jun 21 Jun 20 Hong Kong 1605.20 1626.00 Jun 20 Jun 20 Jun 19 London 1605.96 1625.35 1606.75 1626.15 Source: Thomson Reuters CAST BAR Jun 21 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 157 65 5gm 447 327 10gm
      136 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      88 23 Jun 21 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 20-Sep-12 0.27 0.23 0.23 1-Year BY*****T 02-May-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.14 5-Year N*****0Z 2.375 01-Apr-17 108.88 108.95 108.93
      88 words
    • Article
      Lock icon PALM OIL
      57 23 Jun 21 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 12 2980.0 3035.00 3029.0 2970.0 1458 5515 Aug 12 3005.0 3045.00 3054.0 2980.0 4182 ***** Sep 12 3008.0 3041.00 3062.0 2986.0 ***** ***** Oct 12 3005.0 3045.00
      57 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      154 23 Jun 21 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2908 1.2914 1.0148 1.0151 Canadian dollar 1.2438 1.2448 0.9778 0.9785 Euro 1.6087 1.6093 1.2647 1.2650 NZ dollar 1.0142 1.0151 0.7973 0.7979 Sterling pound 1.9927 1.9938 1.5666 1.5672
      154 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      123 23 As at 9am Jun 21 Jun 21 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.324 1.261 Can dollar 1.273 1.213 Euro 1.646 1.568 Sterling pound 2.031 1.953 NZ dollar 1.044 0.995 US dollar 1.289 1.240 Local dollars to 100 units
      123 words
    • Article
      Lock icon INTERBANK RATES
      156 23 Jun 21 Jun 21 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ Offer Bid 7 days 0.24 0.14 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 1.00
      156 words
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  • Page 24 Advertisements
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      Lock icon Page 24 Advertisements Column 1
      37 24 Experienced sh,"p maintenance services wanted. i'nil 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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  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      128 25 TO ADVERTISE IN The Business Times I 111— UUJINLJJ IllVItJ Shipping Times CALL JOE WONG FREIGHT FORWARDER urgently needed by shippers I Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WO IMG AT 9620 1327 Highlight Your Company Anniversary Come publicise your Company Anniversary,
      128 words
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  • executive lifestyle
    • Article, Illustration
      Lock icon DARING TO DREAM
      3451 26  -  High fliers can also be down to earth and still nurture their fine art dreams part-time, reports TAN TECK HENG Why corporate high fliers quit their day jobs to take the plunge into the fine arts, reportsHELMI YUSOF LEAVING successful white-collar careers to pursue the fine arts
      NG WOON LAM; HER WORLD; PHOTO-ILLUSTRATION: HYRIE RAHMAT; PHOTOS: MELISA TEO; ANDREW JONES  -  3,451 words
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  • COVER STORY/GAMING
    • Article, Illustration
      Lock icon Playing it forward
      661 27  -  GAMING REVIEW By CHRISTOPHER LIM EVEN the boldest experiments in game narrative tell stories in chunks video cut-scenes, text on loading screens but Bastion’s tale unfolds as you play. Players feel like they are making history with each and every swing of the hammer or shot of
      661 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Lock icon Page 27 Miscellaneous Column 1
      295 27 CRYPTIC CROSSWORD Across 1 One’s fiancée proposed (8) 6 Unusually gifted young scholars may be told not to (6) 9 Detectives in US agency, retired but sharp (6) 10 How a bright idea may come to you? (2,1,5) 11 Beaten by heroic exploit in action (8) 12 Make merroky, take
      295 words
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  • ARTS
    • AroundTown
      • Article, Illustration
        Lock icon Stage
        77 28 Happy Ever Laughter: Singapore’s top comedians Michelle Chong, Gurmit Singh, Najip Ali, Sebastian Tan, Moses Lim, Selena Tan, Chua Enlai, Judee Tan, Siti Khalijah Zainal, Kumar and Internet sensations Munah Hirzi will come together to turn uniquely Singaporean gripes into stand-up fodder. The performance is on from June 27
        77 words
      • Article
        Lock icon Art
        132 28 Suspended Flux: Multiculturalism in Singapore: Brazilian artist Heidi Celeghin explores Singapore’s internationalism through a combination of new media portraiture and installations. In this exhibition, there will be 10 oil-on-canvases and 10 digital paintings on archival paper. The exhibition will be held at the INSTINC SOHO on June 23 from
        132 words
      • Article
        Lock icon Film
        235 28 Jeux D’enfants: In Paris, after winning the lottery, the clerk Francois goes to a bar in Pigalle and offers 100,000 euros per month to the prostitute Daniela to live with him until the end of his money. Francois is a lonely man, with heart problems and Daniela stays with
        235 words
      • Article
        Lock icon Stage
        73 28  -  Compiled by AARON JUSTIN TAN Masterpieces for Violin and Piano: Featuring sonatas by Mozart, Beethoven and Franck, seasoned recital duo Jonathon Glonek and Eri Nakagawa bring 15 years of joint concertising to perform this intense programme dedicated to the great masters of the genre. The concert will be at
        73 words
    • Article, Illustration
      Lock icon Hirst’s memento mori
      1417 28  -  From the ostentatious theatrics of a diamond-studded skull to carcass-filled vitrines, British bad boy Damien Hirst’s macabre fascination may well prove ominous for his own artistic future, writes ZEHRA JUMABHOY writesZEHRA writesZEHRA JUMABHOY THERE’S a kind of hush likely to greet you when you enter London’s Tate
      PHOTOS: REUTERS, AFP  -  1,417 words
  • Page 28 Advertisements
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      Lock icon Page 28 Advertisements Column 1
      52 28 fTIDI STUDIO 67 PTE LTD r a t rtf F I SPRfMq SUMBR 2012 NTEMPORARY Oil PAIIS BY SONG LIA.W.N I 25 JUNE- 07 JULY 2tl 2 THfeL PAINTING AIN EXHIBITION VENUE TIME ENQUIRIES STUDI067 ART GALLERY 10.00AM 07.00PM TEL: (65) 6225 7667 67 KAMPONG BAHRU ROAD (EXCEPT SAT SUN)
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  • WINE
    • Article, Illustration
      Lock icon Scoring a heady hit
      1190 29  -  Wine buyers who slavishly go for high wine scores instead of the reviews that led to the scores miss out on the bigger picture, writes N K YONG writesN writesN K YONG THE 2011 Bordeaux en primeur campaign has come and gone. It was like a
      FILE PHOTO  -  1,190 words
  • Page 29 Advertisements
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      Lock icon Page 29 Advertisements Column 1
      230 29 (rJo^Cci S E N T O S A SINGAPORE m m PALIO GLOBAL GOURMET KITCHEN PRESENTS OZUZjCL* £xa/uSiV&Zy -fto/v zq Jtt/y Expect the heSt gP < nternat'Gna! auiSme. as (jpG/ta/ Hoursyiet &tCLh&n hrmcjS yGU an &XC.IUSiVe ShGujCOSe Prosn rencoaned ah&Ps OTGUnd the- tOGt/d. Marvel at the twists and turns gP
      230 words
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  • CINEMA/MUSIC
    • Article, Illustration
      Lock icon Mad Mel strikes back
      598 30  -  Hollywood outcast Mel Gibson returns to form as Mr Not-So-Nice Guy in his latest outing, reports DYLAN TAN reportsDYLAN reportsDYLAN TAN BEFORE things went haywire for Mel Gibson off-screen, he was a bona fide Hollywood action hero. But times have changed and instead of a grand
      598 words
    • Article, Illustration
      Lock icon Kher plays global pundit
      753 30  -  By MALMINDERJIT SINGH COLOURFUL costumes. Enchanting backdrops. Lots of singing and dancing, sometimes in the most awkward of locations. Animated fight scenes. A clear demarcation of a hero, a heroine and a villain, and at the end, good usually triumphs over the evil. These features are
      RAYNMAG  -  753 words
    • Article, Illustration
      Lock icon Jazz divas kick it up
      598 30  -  CD REVIEWS By CHRISTOPHER LIM THE most straightforward way for a jazz singer to reach a larger audience is to venture beyond the genre, and since most artists sing to be heard, it’s hard to blame those who have made a name in jazz for
      598 words
    • Article, Illustration
      Lock icon Evil’s bad hair day
      438 30  -  By TAN TECK HENG 3D RELEASES are par for the course for films these days but when “3D” is actually part of the name, one should be wary. Especially if it’s a spin-off of a landmark horror film, because those are prime indicators of milking the
      PHOTOS: GOLDEN VILLAGE  -  438 words
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  • MUSIC
    • Article, Illustration
      Lock icon Rise, classical stars
      968 31  -  Fifty of the most talented young pianists are competing in the all-new Steinway Youth Piano Competition, reports AARON JUSTIN TAN reportsAARON reportsAARON JUSTIN TAN COMPETITIONS are de rigueur in serious classical music circles as platforms for proving one’s technique and artistry, even among young performers. But not
      PHOTOS: STEINWAY GALLERY  -  968 words
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      211 31 Harvev Norman =3 COFFEE COOKING CONCEPT STORE i DISHWASHER germs?f^B a I ishnnasher for U t@ n s i I s wv <^ S I; water (and N Clean V out u jalXP.cv' 0 06 9 9 BOSCH Invented for life EXCLUS VE TO HN MIELE FREE STANDING DISHWASHER G-4300SC
      211 words
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      Lock icon Page 32 Advertisements Column 1
      307 32 Hamilton s c o t t s Ascend to the T.O.P. 3 at Hamilton Scotts INTERNATIONAL PROPERTY AWARDS ASIA PACIFIC in association with HSBC M BEST RESIDENTIAL HIGH-RISE DEVELOPMENT SINGAPORE Hamilton Scotts by Hayden Properties Pie Ltd INTERNATIONAL PROPERTY AWARDS ASIA PACIFIC in association with HSBC H HIGHLY COMMENDED HIGH-RISE
      307 words