The Business Times, 20 July 2012

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Total Pages: 40
1 40 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg S|5l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Friday, July 20, 2012
    25 words
  • 1050 1  -  Exchange raises listing requirements to improve market quality By KENNETH LIM [SINGAPORE] The mainboard of the Singapore Exchange (SGX) is sprucing up its image. In a move aimed at laying to rest criticisms about the quality of the local market, SGX is raising
    Source: SGX  -  1,050 words
  • MARKETS DIGEST
    • 110 1 GST INDEX 3,028.96 (+11.75) GST INDEX FUTURES 3,027.00 (+12.00) GSIMSCI 350.10 (+2.49) GSIMSCI FUTURES 349.70 (+2.60) us$ s$ US$ (S$ per US$) 1.256 (US$/S$ per 1.568 1.969 EURO (US$/S$/E) 1.230 1.545 Foreign currency per US$ S$ YEN 78.60 62.60 RM 3.153 2.509 HK$ 7.756 6.174 BAHT 31.68 25.21 RUPIAH
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    • 17 1 SINGAPORE MALAYSIA HONG KONG 5.38 6.55 5.00 INDONESIA 14.245 TAIWAN 5.036 JAPAN 1.475 Source: Bloomberg
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  • 671 1  -  It’s now easier to qualify for a cut in withholding tax to 5% from 10% By CAI HAOXIANG [SINGAPORE] A rule change has been implemented that will make it easier for listed companies in Singapore doing business in China to achieve dividend
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  • Page 1 Advertisements
    • 177 1 EXECUTIVE LIFESTYLE Esplanade’s Perfect 10 PAGE 34 COMMENTARY Indonesia paves way for strong bank sector PAGE 2 CORPORATE RESULTS Keppel Corp Q2 earnings up 35% PAGE 7 Maverick entrepreneurs and professionals talk about bucking convention on the path to success in BT’s new weekly series The Road Less Travelled I
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    • 11 1 PATRON OF THE ARTS Firm support despite tough times pages 14-21
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  • TOP STORIES
    • 515 2 Named traders at Credit Agricole, HSBC and Deutsche may be involved Bloomberg [LONDON] Traders at Deutsche Bank, HSBC Holdings, Societe Generale and Credit Agricole are under investigation for interest-rate manipulation in a global probe that led to more than US$450 million in fines
      Bloomberg  -  515 words
    • 404 2  -  But grouping hopes there will be more volunteer banks By EMILYN YAP [SINGAPORE] A dozen banks are left on the panel which helps determine Sibor a shrunken number as banks stop contributing quotes but the Association of Banks in Singapore (ABS) said
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    • 635 2  -  Rules on majority ownership turn out more nuanced than initially feared COMMENTARY CONRADTAN Correspondent Rekindled hopes that DBS Group’s bid for Bank Danamon may be approved sent shares in both banks higher yesterday. Investors and analysts alike welcomed Indonesia’s new bank
      635 words
    • 708 2 Summer showers hurt already weak demand Reuters [LONDON] The economic impact of Britain’s sodden summer was laid bare yesterday by dire news from major retailers showing that torrential rain had hurt already weak demand in an economy showing few signs of pulling
      Reuters; AP  -  708 words
    • 554 2 SGX mainboard goes for loftier image THE mainboard of the Singapore Exchange is sprucing up its image. In a move aimed at laying to rest criticisms about the quality of the local market, SGX is raising the admission criteria for the mainboard for the first time in more
      554 words
    • 561 4  -  By TEH SHI NING [SINGAPORE] OCBC’s share price yesterday surged to its highest in almost a year, on the prospect of a possible special dividend for shareholders. But analysts say the bulk of the proceeds from the sale of OCBC Bank and its
      FILE PHOTO  -  561 words
    • 900 4  -  Any major move that upsets the web will spawn a right royal battle COMMENTARY By EMILYN YAP THE Thai parties linked to tycoon Charoen Sirivadhanabhakdi may have bagged the prized stakes in Fraser and Neave (F&N) and Asia Pacific Breweries (APB), but that was the
      Source: Data from company reports and Bloomberg  -  900 words
    • 420 4  -  EUTERS BREAKINGVIEWS By WAYNE ARNOLD THAI beer mogul Charoen Sirivadhanabhakdi has spooked Heineken by paying almost US$3 billion for a piece of the Dutch brewer’s Singapore partner, Fraser Neave, and their local venture, Asia Pacific Breweries. But he’s paying a frothy premium
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    • 287 4 Announcement expected at end-July, with Q2 results Reuters [FRANKFURT] Deutsche Bank aims to cut around 1,000 investment banking jobs in response to tough conditions in capital markets spooked by the eurozone debt crisis, sources familiar with the plans said yesterday. The move is a
      Reuters  -  287 words
  • Page 2 Advertisements
    • 37 2 IMJ $5 Million Great Singapore Sale Draw Fri, 20 lul 2012,0.30pm Visit www.singaporepools.com.sg for details. Ip Yri) Always play with care. |responsibiy[ Do not bet illegally. RGB Reg No: *****0202G Towards Community Purpose and Benefit SINGAPORE POOLS
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  • Page 3 Advertisements
    • 100 3 Depuis 1775 3 -J X a v Breguet, the innovator, Creation of a peerless style, 1775 With a particularly refined and timeless design, Breguet renewed the traditional horological aesthetic of the late 18th century. Today, the Classique 7787 model, indicating the age and phases of the moon, is a contemporary
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  • Page 4 Advertisements
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  • Page 5 Advertisements
    • 155 5 osia Bar-Restaurant A MILLION MOMENTS. ONE WORLD. Osia Presents Cooking with Friends Exclusively from 24 28 July .N -y CHRIS WLOR Osia’s famous Australian Celebrity Chef Scott Webster is back in town and he’s bringing a friend, Chris Taylor Executive Chef of the award-winning Fraser’s restaurant from Perth. Indulge in
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    • 216 5 ***** Junk foods and red meats may contain high levels of trans and saturated fats which build up in your liver. Over time, it may weaken your liver functions. Health news from I LIVE WELL New release of 3-bedroom apartments with new showflats for viewing hi;: i UN -ii NS
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  • COMPANY NEWS
    • 647 5  - New SGX rules many hits but one big miss HOCK LOCK SIEW By R SIVANITHY SINGAPOREExchange’s revised mainboard admission standards unveiled yesterday contain many hits but also one glaring miss. The hits are obvious, though long overdue much higher profit, revenue or market-capi-talisation requirements should in theory at least ensure
      647 words
    • 393 5  -  By CAI HAOXIANG AIMS AMP Capital Industrial Reit yesterday posted a distribution per unit (DPU) of 2.5 cents for the financial first quarter ended June 30, down from an adjusted DPU of 2.65 cents a year ago. For comparison, the previous
      393 words
    • 386 5  -  By MINDY TAN FRASERS Centrepoint Trust (FCT) has raised its distribution per unit (DPU) for the April-June financial third quarter by a third to a record 2.60 cents. The year-on-year DPU hike came as the trust, which owns five suburban malls in Singapore, achieved a
      386 words
    • 608 7  -  Earnings given a boost by contribution from Kepland By LYNN KAN A SURGE in second-quarter earnings at Keppel Corporation’s property division, Keppel Land, helped drive up the parent conglomerate’s Q2 net profit by 35 per cent to $521 million from $385 million
      608 words
    • 527 7  -  By CAI HAOXIANG SUNTEC Real Estate Investment Trust’s distribution per unit (DPU) dipped 6.8 per cent to 2.361 cents for the second quarter ended June 30 from 2.532 cents a year earlier. This represents an annualised yield of 6.5 per cent
      527 words
    • 229 7 SIA Engineering Company (SIAEC) has inked a new fiveyear contract worth $166 million with Cebu Air. SIAEC will provide fleet management and maintenance, repair, and overhaul (MRO) services to Cebu Air. The carrier’s fleet of 30 A320/A319 aircraft will grow to 48 as
      229 words
    • 347 8  -  The Capitaland unit adds its 3rd in the city to others in Wuhan and Xiamen By MINDY TAN THE Ascott Limited, Capitaland’s wholly owned serviced residence business unit, has secured a contract to manage its third property in Chengdu. Ascott Raffles
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    • 273 8  -  By MICHELLE TAN MAPLETREE Logistics Trust (MLT) posted improved results for the first quarter ended June 30, with total distributable income rising 18 per cent to $45.8 million from $38.8 million a year earlier. The higher distributable income boosted the group’s distribution per
      273 words
    • COMPANY BRIEFS
      • 66 8 SABANA Shari’ah Compliant Reit reported a distribution per unit (DPU) of 2.27 cents for the fiscal second quarter ended June 30, 2012, 4.6 per cent higher than the forecast 2.17 cents. This represents an annualised distribution yield of 8.7 per cent based on the
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      • 63 8 JACKSPEED Corporation is looking to cooperate with two firms in tendering for a project to refurbish locomotives for the Thai rail operator. It has entered into a non-binding memorandum of understanding with Chinese firm CSR Ziyang Co and Thai firm Topland Engineering Ltd Co.
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      • 28 8 CHINA Automation Group expects to record a lower profit for the six months ended June 30, compared with the corresponding period last year.
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      • 28 8 TRADITIONAL Chinese medicine company Eu Yan Sang’s unit has entered into a joint venture with CellResearch Corporation to form Scyrec Pte Ltd.
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      • 44 8 LIAN Beng said that its construction unit has gone into a joint venture with Paul Y Construction Engineering, the indirect subsidiary of Hong Kong-listed Paul Y Engineering Group, to form Paul Y-Lian Beng JV Pte Ltd.
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      • 36 8 PETRA Foods has set up a subsidiary in Ecuador for the purposes of cocoa bean sourcing and processing. The subsidiary, DelfiCocoa Ecuador SA, has an issued capital of US$25,000.
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    • 346 8  -  Mixed development by UIC to feature 510 residential units By MICHELLE TAN UNITED Industrial Corporation Limited (UIC) will be launching the residential segment of its latest upmarket mixed development, V On Shenton, by the end of the month to cater to city-loving
      346 words
    • 365 8 The business trust is offering investors 11.5% yield: sources Bloomberg Reuters [SINGAPORE] Temasek Holdings and China Investment Corp have agreed to invest in Global Telecommunications Infrastructure Trust’s initial public offering in Singapore, said three people with knowledge of the matter. GTI Trust, the
      Bloomberg; Reuters  -  365 words
    • 399 8 Reuters [HONG KONG] China Investment Corp (CIC) is pumping billions of dollars into private equity firms in a move meant to boost returns at the sovereign wealth fund, with an eye on taking a more active role on dealmaking. The shift
      Reuters  -  399 words
    • 336 8 Bloomberg Reuters MANCHESTER United Ltd, the English soccer team with a record 19 national championships, seeks to raise US$300 million in its US initial public offering and plans to complete the sale early next month, said a person with knowledge of the
      Bloomberg; Reuters  -  336 words

  • SINGAPORE MARKETS
    • 616 6  -  Index advances 11.75 points to 3,028.96; Europe’s mixed opening, however, caps STI’s gains STOCKS R SIVANITHY Senior Correspondent THANKS to a surprise rise on Wall Street on Wednesday, the Straits Times Index (STI) yesterday gained 11.75 points to 3,028.96 while over in Hong Kong,
      Source: Bloomberg  -  616 words
    • 4 6 DAILY
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    • 66 6 Jul 19 VALUE CLOSE BT OB/OS 96.00 -44.00 BT CADI -*****.00 +39.00 BT 10-day MA -*****.00 +10.00 FTSE ST Mid Cap 702.55 +1.61 FTSE ST Small Cap 459.17 -0.09 FTSE ST All Share 732.83 +2.50 FTSE ST China Top 206.14 +0.93 FTSE ST China 228.16 +1.03 FTSE
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    • 186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 4 2 0 0 0 10 4 2 Manufacturing 50 50 40 4 4 12 54 54 52 Commerce 22 16 24 3 4 3 25 20 27 Tpt/Stor/Comms 21 5 12
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    • 123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 24,217 24,217 130,297 130,297 Manufacturing 265,280 19,131 284,411 259,631 548 260,180 Commerce 185,246 2,890 188,136 77,702 227 77,929 Tpt/Stor/Comms 84,275 16,992 101,267 162,780 4,881 167,661 Finance 41,004 3,752 44,756 305,702 1,555 307,258 Construction 87,328 3,596
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    • 771 6  -  Compiled by LYNN KAN DBS Group Holdings July 19 close: $14.55 DMG PARTNERS RESEARCH, July 19 INDONESIA’S central bank will set the single ownership limit in local banks at a maximum of 40 per cent, but will approve higher levels of ownership if owners are listed banks with
      Source: Bloomberg  -  771 words
    • 112 6 Stock name Close Change Stock name Close Change CapMallsAsia 1.615 -0.020 CapitaLand 2.960 +0.040 CapitaMall 1.945 -0.020 CityDev 11.900 +0.190 ComfortDelGro 1.640 -0.010 DBS Grp 14.550 +0.210 F&N 7.600 -0.360 GLP 2.240 +0.010 Genting SP 1.310 Golden Agri 0.770 +0.010 HK Land 5.920 +0.040 JMH 52.150
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    • 387 6 CURRENCIES AFP [TOKYO] The euro was mixed in Asian trade yesterday amid worries over Europe’s fiscal woes and comments from German leader Angela Merkel casting doubt on whether the European project had a solid future. The 17-nation currency bought US$1.2287 and 96.60 yen
      AFP; BLOOMBERG  -  387 words
    • 56 6 VOLUME ElektromotiW*****0 260,132,000 Golden Agri 62,637,000 GSH Corp 57,107,000 HLH Grp 53,774,000 SingXpress 46,636,000 ChinaTaisan 36,513,000 Genting SP 35,189,000 Yoma 32,642,000 Thai Beverage 31,996,000 Sunmoon 31,327,000 VALUE($) DBS Grp 118,622,699 OCBC Bk 113,226,180 Keppel Corp 93,330,748 F&N 83,508,260 SingTel 78,223,230 UOB 55,288,540 Golden Agri 48,087,660 Genting SP
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    • 113 6 BY CENTS CLOSE UP Asia Pac Brew 4200 390.0 10.2 DBXT MSKorea 10US$ 5296 187.2 2.9 SPDRS S&P 500 10US$ ***** 125.6 0.7 DBXT SPASX200 10US$ 3340 121.8 3.0 OCBC Bk.ES.1207 950 88.0 10.2 DBXT Nifty 10US$ 9705 82.9 0.7 DBXT MSJAP 10US$ 3528 69.1 1.6 DBXT FTVietnam 10US$
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    • 119 6 BY CENTS CLOSE DOWN JMH 5215 -106.8 -1.6 JSH 3122 -61.6 -1.5 GLD 10US$ ***** -45.2 -0.2 F&N 760 -36.0 -4.5 F&N.ES.1207 768 -34.0 -4.2 OCBC Bk 5.1%NCPS 100 ***** -15.0 -0.1 Venture Corp 768 -11.0 -1.4 UOB 5.05%NCPS 100 ***** -10.0 -0.1 Cortina 60.5 -9.5 -13.6 Petra 230
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    • 5 6 DAILY
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  • Page 7 Advertisements
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  • Page 8 Advertisements
    • 1033 8 M 3** m 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 KATS NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF FOKLOONG
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  • SINGAPORE NEWS
    • 414 9  -  Republic to be base for US firm to supply petroleum additives to Asia-Pac market By RONNIE LIM US PETROLEUM additives maker Afton Chemical Corporation is investing over US$100 million in a new manufacturing facility on Jurong Island. Singapore will be a base to
      414 words
    • 434 9 NTUC Club is splashing $200 million over five years on a makeover for Downtown East. When completed, the recreational destination in Pasir Ris with a size of about 10 football fields will see an expanded water theme park, a new Costa Sands Resort
      434 words
    • SINGAPORE ROUNDUP
      • 93 9 CONSTRUCTION work at the Downtown Line (DTL) Bugis Station will resume once two conditions are satisfied, said Koh Brothers Group in its first public statement since an accident at its worksite on Wednesday killed two workers and injured eight. The two conditions
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      • 76 9 GLOBAL management consultancy McKinsey Company has launched the McKinsey Centre for Government (MCG) with the aim of helping governments navigate the challenges they face today and build new capabilities. The first centre of its kind in Asia, the MCG will base its regional hub in
        76 words
    • 363 9  -  By JOYCE HOOI FORMER Central Narcotics Bureau (CNB) chief Ng Boon Gay will be claiming trial on all four charges of corruption involving sex with a woman seeking business favours, even as his lawyers said yesterday that the charges were “too general”. Ng had been
      363 words
    • 352 9 A BIGWIG in the local nightspot scene, Zouk Club snapped up the top accolade at the SME One Asia Awards 2012 last night. Zouk was among the 18 winners of the Distinguished award. In total, 66 SMEs from Singapore and
      352 words
    • 524 9  -  By NISHA RAMCHANDANI MORE companies and individuals are making contributions to help support and promote the development of the arts in Singapore. “We have seen, in particular, strong support from corporations, as well as more companies and individuals taking their first step to support
      524 words
    • 381 9  -  More accountants in S’pore feel recovery is on track: survey By KENNETH FOO THE uncertain road to economic recovery sapped business confidence in major markets across the globe in last quarter, according to a recent survey by the Association of Chartered Certified Accountants (ACCA).
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    • 565 9  -  By WANG XIN MIN THE Public Utilities Board (PUB) will be constructing a diversion canal and a detention tank at Stamford Canal Catchment often cited as a source of major floods in the downtown area to better cope with intense storms and flash floods.
      565 words
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  • ECONOMY WATCH
    • 939 10 It also warns of risk that some eurozone nations could suffer price deflation NYT [FRANKFURT] The International Monetary Fund (IMF), warning of “a sizeable risk” that some eurozone countries could suffer a debilitating decline in prices, called on Wednesday for the European
      NYT  -  939 words
    • 387 10 AFP [LONDON] The London Olympics are Britain’s best chance to sell itself for more than 150 years, a government official declared yesterday. Speaking nine days before the Games open, Alan Collins, the managing director for Olympic Legacy at UK Trade and Investment, said
      AFP; AP  -  387 words
    • 550 10 Bloomberg [NEW YORK] Back-to-school spending in the US is poised to increase the most since 2003 as shoppers replace apparel and electronics that their kids had to “make-do” with last year, according to a survey. The average person with students in
      Bloomberg  -  550 words
    • 674 10 NYT [WASHINGTON] The biggest threats to US financial markets’ stability include uncertainty about the eurozone nations, the “fiscal cliff” that the US faces at year-end, and continued weakness in housing, a panel of federal regulators said on Wednesday. The Financial Stability Oversight
      NYT  -  674 words
  • Page 10 Advertisements
    • 121 10 For Rent Immediate Prime CBD 8,000 sqft Short Long Term Fully Fitted Renovated Fully Furnished.24 Mrs Aircon Owner 9631 6939 ARB Investment Wine, Dine Hospitality Highlights nfy.iv'.s'. WEEK ENDS. Indulgence begins. Laze, graze, forget week days. Gourmets can now give themselves over to pure culinary pleasure all weekend long at
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  • MALAYSIA/INDONESIA
    • 653 11  -  They see it as safe, compared to other locations prone to natural disasters By S JAYASANKARAN in Kuala Lumpur NATURAL disasters in Thailand and Japan are sparking an industrial boom in Malaysia’s northern state of Penang as multinationals flee there in a bid to spread
      THE STAR  -  653 words
    • 374 11 [KUALA LUMPUR] Malaysia plans to set up a mercantile exchange within a year to enable investors to trade in gold futures and other precious metals. The move, part of a slew of new initiatives announced by Prime Minister Najib Razak
      374 words
    • 258 11 Bloomberg [JAKARTA] Indonesia plans to boost total investment by at least 72 per cent over the next two years as it lures companies from South Korea to Italy, the country’s top investment official said. The country is targeting foreign and
      Bloomberg  -  258 words
  • Page 11 Advertisements
    • 1174 11 A BT ADVERTISING FEATURE The UB Executive MBA at SIM conferred 25 students in its 15th annual graduation in Singapore on 13th July, 2012 A celebration of accomplishment The UB EMBA has improved the skills, knowledge and prospects of over 400 executives in Singapore EVERY year, hundreds of senior executives
      1,174 words

  • CHINA/INDIA
    • 362 12  -  By FREDERICK YEUNG EJ Insight [HONG KONG] Shares of New Oriental Education and Technology Group Inc plunged another 35 per cent in New York trading overnight after research firm Muddy Waters LLC questioned the accuracy of the Chinese private educational services firm’s
      EJ Insight  -  362 words
    • 741 12 Prices of residential projects close to new business zone in Shenzhen soar Reuters [HONG KONG] Investors are snapping up property near a proposed US$45 billion business zone in the Chinese boom town of Shenzhen, betting that the government’s plans to further open its capital
      Reuters; REUTERS  -  741 words
    • 530 12 One person killed, scores injured in labour unrest at Maruti Suzuki car factory Reuters [MANESAR, India] Indian police were searching yesterday for 3,000 people they want to detain after one person was killed and scores injured in a riot at a car factory in
      Reuters  -  530 words
  • Page 12 Advertisements
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  • INDIA
    • 810 13 Govt appears anxious not to scare off Ikea, which has baulked at sourcing requirement Reuters [MUMBAI] India’s government appears set to relax heavily criticised sourcing rules for retailers, anxious not to scare off Ikea one of the few big name firms that has said
      Reuters  -  810 words
    • 446 13 His elevation would boost Congress morale: observers Bloomberg [NEW DELHI] Lawmakers in India cast their votes yesterday for a new president with former finance minister Pranab Mukherjee set to be elected head of state, ending a four-decade political career with elevation to what is
      Bloomberg; AP  -  446 words
    • 489 13 Bloomberg [NEW DELHI] India, the second-biggest grower of rice, wheat and sugar, will review its export rules and consider curbing the amount of food crops that traders can stockpile as the worst monsoon in three years fuels a rally in prices.
      Bloomberg  -  489 words
  • Page 13 Advertisements
    • 1204 13 Keppel Corporation Limited Co Reg No: *****0351N (Incorporated in the Republic of Singapore) Second Quarter 2012 Financial Statement Dividend Announcement 1. UNAUDITED RESULTS FOR SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2012 The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the second
      1,204 words

  • PATRON OF THE ARTS
    • 1102 14  -  In spite of the economic uncertainty, the local arts scene is getting more contributions from organisations and individuals, reportsNISHA RAMCHANDANI reportsNISHA reportsNISHA RAMCHANDANI EVEN with the global economy mired in uncertainty, organisations and individuals in Singapore still remain committed to supporting the local arts and
      FILE PHOTO  -  1,102 words
    • 1959 16 BT speaks to some of the top donors for the Patron of the Arts Awards to find out why they champion the arts and what tips the scales when it comes to choosing a cause that is close to their hearts BT: Why did you choose
      1,959 words
    • 2198 18 BT speaks to some long-term sponsors to find out why they remain staunch supporters of the arts and how they have made supporting socially responsible initiatives a part of their organisation’s DNA BT: Why do you support the arts in Singapore year after
      2,198 words
    • 944 21  -  First-time donors 75 in all make up over a quarter of the total number of donors this year, reports mint kang reportsMINT reportsMINT KANG WHETHER they are passionate individual sponsors or established corporations giving back to the community, they share one thing in common: a
      944 words
  • Page 14 Advertisements
    • 123 14 L .d Award-winning Roles For Poh Tiong Choon For its untiring support of the arts scene in Singapore, Poh Tiong Choon Logistics Limited has been conferred the 2012 Patron of the Arts Award by the National Arts Council. Chairman ft CEO, IVIr Poh Choon Ann, is also honoured with the
      123 words

  • Page 15 Advertisements
    • 163 15 Business is Pleasure Advanced technologies will never replace face-to-face interactions, a handshake, a conversation or an idea shared. And there’s no better place to share ideas than at Marina Bay Sands®, Asia’s largest and most flexible meeting and convention space. Pulsating with life day and night, Marina Bay Sands offers
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  • Page 17 Advertisements
    • 186 17 R 1/ r T r r w r r r r v r r r/ r/ r F F r M r r jy /r, T j r i I V V f ■n m t* 1 A r EXTENDING ONE’S REPERTOIRE. TH. WHAT’ Wealth can open up new and
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  • Page 19 Advertisements
    • 236 19 SkApirtg, skwirtg <\f\X ewicTvirtg -Hwongk -Hve/A*4s Mapletree Wins Major Arts Award Our enthusiastic dedication to enhance the community through the arts has been rewarded with the ‘Patron of the Arts’ award. Mapletree is honoured to receive this prestigious award from the National Arts Council of Singapore. The award reaffirms our
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  • Page 20 Advertisements
    • 676 20 PATRON OFTHEARTS AWARDS 2012 To all award recipients, we extend our heartfelt appreciation of your contributions that help create a thriving arts scene in Singapore. DISTINGUISHED PATRON OF THE ARTS y Raymond Weil Division Christopher Ho ARTS SUPPORTER KPMG Kuo Pao Kun Foundation Pioneer Electronics Asiacentre Pte Ltd Poh Choon
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  • Page 21 Advertisements
    • 105 21 Let your dreams take flight at the NTUC Income KITE FESTIVAL SINGAPORE. Since 2009, NTUC Income has partnered with ACT 3 International to present NTUC Income Kite Festival Singapore. Just over four years, the Festival has reached nearly 250,000 people as an inclusive arts platform. NTUC Income is honoured to
      105 words

  • Page 22 Advertisements
    • 72 22 SPH is proud to be the first and only company to be honoured with the Distinguished Patron of the Arts Award for the 20th consecutive year. SPH Foundation and SPH UnionWorks’ UFM 100.3 received the Friend of the Arts Award, and our bilingual portal omy.sg, the Arts Supporter Award. Supporting
      72 words

  • WORLD
    • 751 23 Banks uninvolved in setting rate may file suits against those implicated Bloomberg [NEW YORK] Wall Street, grappling with mounting regulatory probes and investor claims over alleged interest-rate manipulation, may face yet another formidable foe: Itself. Goldman Sachs Group Inc and Morgan
      Bloomberg; AFP  -  751 words
    • 575 23 Reuters [OTTAWA] Central bankers and regulators will hold talks in September on whether the troubled global Libor interest rate can be reformed or whether it is so damaged that the benchmark of borrowing costs should be scrapped. Bank of England governor Mervyn King
      Reuters  -  575 words
    • 353 23 Senrigan’s US$1b assets in January drops to US$754m Bloomberg [HONG KONG] Senrigan Capital Group Ltd, an Asiafocused event-driven fund backed by Blackstone Group LP, lost almost 15 per cent in the first six months of this year, according to a performance estimate
      Bloomberg  -  353 words
    • 453 23 Bloomberg [NEW YORK] Millionaires added US stocks more than any other asset in the latest year as average investors fled to bonds, according to a survey by Fidelity Investments. Some 20 per cent of the 1,020 households surveyed said that
      Bloomberg  -  453 words
    • 449 24 It shows recovery in residential real estate will take time to develop LATEST US DATA Bloomberg Reuters [WASHINGTON] Sales of previously owned homes unexpectedly declined in June to an eight-month low, showing that the recovery in residential real estate will take
      Bloomberg; Reuters  -  449 words
    • 473 24 Reuters [LONDON] Britain took steps yesterday to reduce the power of the country’s big banks to set policy for the payments system, which handles trillions of pounds and affects the daily lives of millions of people. Financial services minister Mark Hoban wants
      Reuters  -  473 words
    • 507 24 AP [LONDON] Tourists be warned: The Olympics crush has begun in London and so has the scramble for cold, hard cash in the pricey British capital. Lines are getting longer at ATMs, visitors are in sticker shock over British prices and some befuddled tourists
      AP; REUTERS  -  507 words
    • 405 24 Bloomberg AP [MADRID] Spain’s borrowing costs surged as demand for the securities weakened. The Madrid-based Treasury sold bonds due in 2014 at an average yield of 5.204 per cent, compared with 4.335 per cent when they were last sold on June 7. It
      Bloomberg; AP; AFP  -  405 words
    • 442 24 AFP [BERLIN] Germany’s parliament Thursday approved by a large majority a European aid package of up to 100 billion euros ($122 billion) for Spain’s crisiswracked banking sector. Lawmakers in the lower house voted by 473 to 97 in favour of the package, which
      AFP  -  442 words
    • WORLD BRIEFS
      • 70 24 AP [NEW YORK] Morgan Stanley yesterday said that its revenue fell sharply in the second quarter, dragged down by weak results from its investment banking unit. Its net income missed Wall Street expectations, and its stock dropped sharply. The bank brought in 24 per
        AP  -  70 words
      • 111 24 AP [HELSINKI] Nokia’s net loss nearly quadrupled in the second quarter on sagging sales of smartphones, a market in which the company is struggling to regain ground lost to rivals including Apple and Samsung. Nokia yesterday posted a net loss of 1.41
        AP  -  111 words
      • 88 24 Bloomberg [STOCKHOLM] Electrolux AB, the world’s second-biggest appliance maker, reported profit and sales that beat analysts’ estimates after it raised prices in North America. The company’s shares rose the most in almost three months. Second-quarter net income rose to 761 million kronor ($137.6 million)
        Bloomberg  -  88 words
      • 55 24 Bloomberg [SAN FRANCISCO] EBay Inc, the world’s largest Internet marketplace, gained in German trading after reporting second-quarter sales and profit that beat analysts’ estimates as more US consumers shopped for new items on the site. Revenue climbed 23 per cent to US$3.4 billion, the
        Bloomberg  -  55 words
    • 677 25  -  Close regional integration brings risks similar to eurozone crisis By ANTHONY ROWLEY By in Tokyo WITH warning signals flashing clearly from the eurozone crisis, policymakers in Asia have begun to focus on the risks as well as rewards of regional economic integration. Yesterday brought a
      677 words
    • 948 25 Bloomberg [TOKYO] Billionaire Akira Mori, the owner of Japan’s most profitable closely held developer, said he has formed a company to invest in China and advise Japanese companies on expanding there. “Japan’s environment is getting difficult; I want to build a company that
      Bloomberg; BLOOMBERG  -  948 words
    • 522 25 Bloomberg [LONDON] Apple Inc was ordered by a judge to publish a notice on its UK website and in British newspapers alerting people to a ruling that Samsung Electronics Co didn’t copy designs for the iPad. The notice should outline the July
      Bloomberg; REUTERS  -  522 words
  • Page 23 Advertisements
    • 1898 23 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices CITY DEVELOPMENTS LIMITED (Incorporated in the Republic of Singapore) Company Registration No *****0316Z LOST SHARE CERTIFICATES NOTICE IS HEREBY GIVEN that the undermentioned original share certificates have been reported lost or destroyed Name of Shareholder Certificate Nos. No. of Shares Tan Peng
      1,898 words

  • Page 24 Advertisements
    • 461 24 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF O.M.G. CHEMICALS (S) PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****9056N NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that a Final Meeting of the Members of the
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  • Page 25 Advertisements
    • 11 25 CATS Recruit The first step on your ladder to success CLA/AUG06/g
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    • 1711 25 *AT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF QUEST INTERNATIONAL SINGAPORE (FRAGRANCES, FLAVOURS, FOOD INGREDIENTS) PTE LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO. *****1284Z NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that a Final General Meeting of the
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    • 437 25 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF TECHNOLOGY RESOURCES HOLDINGS PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****4943M) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION Notice is hereby given that at an Extraordinary General Meeting of the abovenamed company duly convened and held at
      437 words

  • EDITORIAL & OPINION
    • 510 26 EDITORIAL DURING his recent visit to India, Prime Minister Lee Hsien Loong reiterated Singapore’s faith in India’s economic growth story. Over the medium to long term, this faith is based on sound economic logic. For example, as the PM noted, India is planning to
      510 words
    • 813 26  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post IN America, we believe that anyone can grow up to be anything. You want to be president? Go for it. Among recent presidents, Barack Obama, Bill Clinton, Lyndon Johnson and Dwight Eisenhower all came from modest
      The Washington Post  -  813 words
    • 1067 26  -  Banks and politics are deeply intertwined, but politicians trump bankers at least in UK 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 at the Peterson
      Project Syndicate; REUTERS  -  1,067 words
    • 1162 27  -  They minimise double taxation on international transactions and facilitate cooperation to prevent fiscal evasion By HARVEY KOENIG BRETT BOSHOFF Harvey Koenig is a tax partner, and Brett Boshoff is corporate advisory tax director at KPMG in Singapore. The views and opinions expressed are those of
      AFP  -  1,162 words
    • 980 27  -  By MU SOCHUA, CECILIA WIKSTROM Mu Sochua is a Member of Parliament in Cambodia from the Sam Rainsy Party. Cecilia Wikstrom, of Sweden, is a member of the European Parliament IHT in Phnom Penh AN ANTI-LOGGING activist is murdered; a teenage girl is shot and
      IHT; AFP  -  980 words


  • AVIATION/SHIPPING
    • 394 28 26,000 homes lose power as torrential rain, strong winds pass over peninsula Bloomberg [SEOUL] Airlines in South Korea cancelled more than 90 flights and tens of thousands of homes lost power as Typhoon Khanun brought torrential rain and strong winds to the peninsula.
      Bloomberg  -  394 words
    • 445 28 [KUALA LUMPUR] MISC Bhd is confident of returning to the black in the second quarter ended June 30 after making a total provision of RM1.67 billion (S$668 million) from exiting its liner business, Malaysian daily The Star reported yesterday. According to the report,
      445 words
    • 849 28 It planned to boost air cargo margins to 10% or more Bloomberg [NEW YORK] FedEx Corp’s plan to boost air cargo profit margins to 10 per cent or more, partly by replacing junkyard-ready jets with more efficient models, will be challenged by a yearlong
      Bloomberg; FILE PHOTO  -  849 words
    • 480 28 NYT [MADRID] A plane has finally reached the ghost airport of Castellon, in south-east-ern Spain. Rather than sitting on the runway, however, the aircraft, an aluminium model, was placed this week atop a giant statue along the entrance road to the
      NYT; REUTERS  -  480 words
    • 457 28 AP [WASHINGTON] American citizens who are on the government’s list of people banned from flying because they’re considered terror threats are not prevented from learning how to fly in US schools, according to government regulations. Such a person may have to
      AP  -  457 words
    • 253 28 SGX '000 Jul 19 S$ +/-Vol CH Offshore 0.41 0.01 166 Chuan Hup Hldg 0.22 unch 35 Cosco Corp 1.00 0.01 5139 s$ Ezra Hldgs 1.03 unch 5218 First Ship Lea unch unch 0 Freight Links 0.07 unch 1704 Grand Banks 0.19 0.01 3258 Jaya Hold Ltd 0.58
      253 words
    • 3417 29 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 Destination STXPO
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  • Page 28 Advertisements
    • 35 28 No hurdle too high Dipna Lim-Prasad is part of the Singapore team at the 2012 Olympic Games LAST CHANCE TO SIGN UP FOR A DAY OF GREAT GOLF, FOOD AND ENTERTAINMENT GET YOUR COPY TODAY
      35 words

  • Page 29 Advertisements
    • 38 29 Experienced sh s p maintenance services wanted. 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 30 Advertisements
    • 113 30 TO ADVERTISE IN THE BUSINESS TIMES Shipping Times CALL JOE WONG FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 1327 Can they find your services here in the Shipping Times? Celebrate Your Project Completion Come publicise your Project Completion, Ship Christenings Delivery of Newbuilds, Vessel
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  • SINGAPORE STOCKS
    • 2792 31 Transaction date: Jul 19 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol Day Last Quote ('000) High Low Buyer Seller 132 92.5 AIMSAMPIReit 129.5cd -2 729
      2,792 words
    • 192 32 52-wks Tel Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Code 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 Code Company Sale ('000) High Low Buyer Seller C'vr
      192 words
    • 8065 32 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Asset Mat Pte Ltd APS Alpha Fund Cl A!** AXA Wealth Mgt S'pore Pte Ltd APS Alpha Fund (USD)!** Aberdeen Asset Mgt Asia Limited AXA Wealth Mgt S'pore Pte Ltd Aberdeen Asset Mgt Asia Limited EM local Ccy Bond
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    • 193 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 46 25.5 Genting HK US$ US32.5 +1 9538 33 31.5 32 32.5 2140 Last 220 168 TanChongInt HK203 +2 48 203 202 200 206 4.3 3.4
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    • 926 32 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low 122.4 122.2 CIMB APAC Div 100S$D 122.2 125.7 126.6 103 95.8 CIMB APAC Div 100US$ US102 100.1 100.8 10.7 1275 1246 CIMBASEAN40 100S$D 1272 1296
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  • FINANCE & COMMODITIES
    • 656 33 Jul 19 The Business Times, Friday, July 20, 2012 SGX DERIVATIVES TRADING Jul 19 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8795.00 8835.80 8771.19 Sep12 8745.00 8835.00 8725.00 8785.00 ***** *****7 Dec12 8720.00 8730.00 8720.00 8725.00 20 9563 MSCI TAIWAN INDEX FUTURES SPOT
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    • 373 33 In local curr In S$ In US$ dy yr dy yr dy yr Jul 18 Index Change Change Change Change Change Change World Preliminary 877.0 0.6 5.7 0.3 1.7 0.8 4.8 EAFE Preliminary 700.2 0.6 2.7 0.5 -2.6 1.0 0.3 Europe Preliminary 1053.8 1.1 2.7
      373 words
    • 149 33 As on 18 July 2012 www.smx.com.sg PRODUCT CONTRACT HIGH LOW CLOSE VOL (in Lots) PRECIOUS METAL GOLD FUT AUG2012 1584.10 1567.40 1572.60 1005 INDIA GOLD (E-GOLD) FUT AUG2012 529.25 524.20 525.15 978 GOLD FUT OCT2012 1584.00 1571.40 1573.00 39 CURRENCY EUR-USD FUT SEP2012 1.2303 1.2226 1.2277 1200
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    • 107 33 Jul 18 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 12 1683.50 1639.00 1685.50 1626.00 Sep 12 1648.00 1612.75 1649.50 1600.00 Nov 12 1620.00 1590.50 1622.00 1576.00 Jan 13 1611.25 1586 1614 1573 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 12 54.01
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    • 70 33 CRUDE OIL PRODUCTS Jul 18 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 105.28 1.48 WTI (Near Mth) 89.84 0.90 Dubai (1-Mth F) 100.63 -0.32 Tapis blend 107.04 -0.60 Minas 107.64 -0.60 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.67 0.23 Jet Kerosene 119.33 1.46 US$/barrel OpecOil Basket
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    • 23 33 Jul 19 S$ S$ Bid Offer 1-month 1.2561 1.2564 2-months 1.2559 1.2562 3-months 1.2556 1.2560 6-months 1.2543 1.2547 Source: OCBC
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    • 64 33 Jul 18 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1882.50 1876.75 3 months 1909.00 1904.00 Copper, Grade A(US$/tonne) Cash 7637.25 7591.00 3 months 7637.00 7595.00 Lead(US$/tonne) Cash 1901.00 1883.75 3 months 1910.00 1894.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • 80 33 Jul 18 COCOA (£/tonne) Close Prev High/Low Sep 12 1501 1501 1507/1488 Dec 12 1499 1500 1504/1485 Mar 13 1493 1493 1497/1480 May 13 1497 1497 1499/1483 COFFEE(US$/tonne) Close Prev High/Low Jul 12 2110 2082 2097/2097 Sep 12 2111 2083 2114/2081 Nov 12 2096 2079 2099/2076 Jan 13 2067
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    • 1118 33 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 1 146 384 7.75 22 Conv Ratio Baker Technology Ltd W*****6 0.8 1 32 9 37.50 4 BakerTech W*****5 5.5 unch 567 1 27 8 5.45 35
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    • 470 33 Jul 19 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.051 6.632 0.847 8.074 57.580 98.578 0.818 11.859 3.282 1.298 98.250 43.475 1.308 8.470 1.017 31.204 32.977 0.664 1.041 Canada 0.952 6.313
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    • 60 33 Jul 19 (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$) 3 mths 0.***** 0.***** 6 mths 0.***** SWAP Mid rates (S$) 12 mths 0.***** SWAP Mid rates
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    • 136 33 Jul 19 GOLD(US$/oz) Jul 18 Jul 19 Hong Kong 1589.00 1588.00 Jul 19 Jul 17 Jul 18 London 1577.00 1579.00 1577.75 1579.80 Source: Thomson Reuters CAST BAR Jul 19 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 154 64 5gm 436 319 10gm
      136 words
    • 90 33 Jul 19 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****F 18-Oct-12 0.24 6-Month BS*****F 10-Jan-13 0.24 1-Year BY*****T 02-May-13 0.24 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.12 5-Year N*****0Z 2.375 01-Apr-17 109.14
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    • 57 33 Jul 19 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 12 3007.0 2970.0 3025.0 2974.0 502 6474 Sep 12 3009.0 2982.0 3047.0 2981.0 5615 ***** Oct 12 3018.0 2993.0 3056.0 2986.0 ***** ***** Nov 12 3026.0 2997.0
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    • 154 33 Jul 19 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3072 1.3082 1.0407 1.0412 Canadian dollar 1.2443 1.2451 0.9910 0.9906 Euro 1.5445 1.5450 1.2296 1.2297 NZ dollar 1.0074 1.0080 0.8020 0.8023 Sterling pound 1.9688 1.9698 1.5674 1.5678
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    • 121 33 As at 9am Jul 19 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.333 1.270 Can dollar 1.273 1.213 Euro 1.580 1.505 Sterling pound 2.005 1.928 NZ dollar 1.034 0.985 US dollar 1.277 1.228 Local dollars to 100 units of foreign
      121 words
    • 160 33 Jul 19 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ 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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  • executive lifestyle
    • 437 34 JP Nathan (right), Esplanade’s director of Programming, opens up about the arts centre and its controversies: Q: How has the arrival of the Integrated Resorts and their theatres affected the programming of the Esplanade? The Esplanade used to be the venue of musical
      437 words
    • 1912 34  -  As The Esplanade turns 10 this year, HELMI YUSOF takes stock of the daring $600 million dream to make it Asia’s arts hub HELMI YUSOF THE durian puns back then were telling: “A whiff of success as Durian opens.” “Thorny issues.” “Will arts groups get spiked?” “Can
      1,912 words
    • 534 34  -  OFF THE CUFF Jaime Ee SO a bunch of wild boars was hiding out in a nature reserve that incidentally wasn’t reserved for them talking about their impending demise. One of them pointed to a newspaper article about Singapore being known as a “bird-laundering” point for
      534 words
    • CINEMA/BOOKS
      • 626 35  -  BOOK REVIEW By CHRISTOPHER LIM TERRY PRATCHETT’S Discworld fantasycomedy novel Snuff may have deservedly won the Bollinger Wodehouse two months ago for his unfailing knack for making otherwise sober readers laugh, but there’s no escaping the problem that his stories are sometimes too nonsensical to stick in your
        626 words
      • 695 35  -  Christopher Nolan’s Batman is a superhero with tattered wings, reviewsGEOFFREY GEOFFREY EU I N Christopher Nolan’s inspired vision, Gotham City is a place of dark deeds and dirty secrets, where desperate men lurk in shadows, bent on death and destruction and they’re the so-called good guys. In
        695 words
      • 518 35  -  By DYLAN TAN THE old adage “sex sells” is possibly the only reason One Night Stand, an omnibus Korean erotic film, is the only other new release to go head-to-head with the new Batman movie at local box offices this week. But the Dark Knight
        518 words
    • ENTERTAINMENT
      • 625 36  -  A new concept by Cirque du Soleil finds global success, writesDYLAN DYLAN TAN THINKING small is paying off big time for new age French-Canadi-an circus troupe Cirque du Soleil. By converting some of its signature big top shows into arenas, the Quebec-based company has found itself reaching
        625 words
      • 755 36  -  The Open Goldberg Variations Kimiko Ishizaka Rating: B+ CD REVIEWS By CHRISTOPHER LIM CROWDFUNDED music projects that solicit funds before recording starts tend to come from hip indie pop or rock artists such as Amanda Palmer and Jill Sobule, but The Open Goldberg Variations (www.opengoldbergvariations.org) is
        755 words
      • 580 36  -  By CHRISTOPHER LIM GAMERS often follow a series to pursue a story to see what happens next. Sometimes, however, you follow a man. Where he ends up does matter, but not half as much as the experience of stepping into his shoes. That’s the case
        580 words
    • ARTS
      • 864 37  -  American photographer James Wilkins celebrates the beauty of nature in his groundbreaking photographic works, writes CHEAH UI-HOON writesCHEAH writesCHEAH UI-HOON BUKIT Brown Cemetery has been a magnet for local artists keen on recording impressions of the historic cemetery for posterity. Now, the tale of its impending partial
        PHOTOS: JAMES WILKINS  -  864 words
      • 365 37  -  By AARON JUSTIN TAN “DANCING in the moonlight” may sound like the lyrics of a song, but it’s practically an anthem for the Singapore Dance Theatre which has been staging outdoor dance performances for the past 17 years. “Ballet Under The Stars is different from other shows
        365 words
      • 870 38  -  Tony-winning musical-comedy La Cage Aux Folles minces into Singapore, writesHELMI HELMI YUSOF MEN singing in sequins and stilettos are set to provoke gasps and guffaws at the Esplanade Theatre tonight as theatre company Wild Rice premieres the hilarious gender-bending classic La Cage Aux Folles
        PHOTOS: WILD RICE PRODUCTIONS  -  870 words
      • 749 38  -  By GEOFFREY EU WHETHER it’s a megabucks reboot of a superhero movie or a more modest revamp of a home-grown Mandarin-language musical, it doesn’t matter if you haven’t seen the original. The main question is, how does the current version stack up as an individual piece
        749 words
      • AroundTown
        • 141 38 ORIGINS The First Solo Exhibition in Asia of New York Photographer James Wilkins: Presented by Gallery R Singapore, James Wilkins’ works reflects a vast exploration of issues but yet there is a singular vision running through his captivating images. The scale of the pieces will challenge you to look
          141 words
        • 393 38  -  Compiled by AARON JUSTIN TAN Lord of the Flies: Nobel Prize Winner William Golding's compelling story about a group of very ordinary small boys marooned on a coral island explores the violence of human nature, and the idea that there is no hope for redemption from our tendency to
          393 words
        • Article, Illustration
          129 38 Seeker of Hope: Works by Jia Aili: Featuring close to 50 epic-scale oil paintings, video installations and delicate paper works, the exhibition will shed light on Chinese artist Jia Aili’s (above) personal meditations on post-millennium China. The solitary figures in his works seem to be searching for hope amidst
          129 words
      • 540 38  -  By AARON JUSTIN TAN ONCE upon a time, a king called Iskander beat Persia in the battle of Gaugamela and went down in Islamic history as one of the greatest heroes of all time. But if you’re wondering why you’ve never heard of Iskandar, that’s because you
        PHOTOS: ASIAN CIVILISATIONS MUSEUM  -  540 words
    • WINE
      • 1230 39  -  Putting great store in wines means proper storage, and for wines to mature at the ideal rate, chillers are a boon, writes N K YONG writesN writesN K YONG SUPPOSE you are looking forward to enjoying a special bottle that you have specially acquired
        PHOTOS: LIEBHERR  -  1,230 words
    • THE ROAD LESS TRAVELLED
      • 1569 40  -  HungryGoWhere’s founders savour victory today after trying times of being hungry for success but going nowhere, writesCORINNE CORINNE KERK MANY entrepreneurs make untold sacrifices, suffer setbacks, discouragement and downright failures on their uphill climb to success. But the humorous co-founders of the
        YEN MENG JIIN  -  1,569 words
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  • Page 35 Advertisements
    • 129 35 www.sowine.com.sg sowme the first home wine bar Finally, a revolutionary and stylish product that keeps your red and white wine at the right serving temperature and allows you the freedom to slowly savour your favourite bottle of wine without having to worry about finishing it immediately; preserving your balance wine
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  • Page 35 Miscellaneous
    • 299 35 CRYPTIC CROSSWORD Across 1 Upset with ban that’s put on bike (8) 6 Stone upturned by vermin (6) 9 Stress it’s money on account (6) 10 The night air? (8) 11 It can make a man hate what is repellent (8) 12 Takes part in demonstration but doesn’t stand out
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  • Page 37 Advertisements
    • 72 37 'tit LES AMIS DU CreditSuisse sw m Bi 3 O U rfr k i f- 3 s pi snc eartrr r irv 1 1 i i ‘7 Mi r> m ,i"' V :'0* ."‘t y.'. i; ‘-V. V CREDIT SUISSE, LONG TERM PARTNER OF THE SINGAPORE ART MUSEUM. And proud
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  • Page 39 Advertisements
    • 478 39 Harvev Norman COFFEE COOKING CONCEPT STORE MIELE CLASSICCOLLECTION The promise of refined delight A reflection of Miele’s founding philosophy of “Immer Besser, Forever Better” Miele ClassicCollection offers unparalleled quality and innovation for better home living. Enjoy peace of mind and complete solutions for the home. r CO«f. c*°' cC r,;
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  • Page 40 Advertisements
    • 207 40 Performance Motors Limited bmwindividual.sg BMW INDIVIDUAL. EVERY DETAIL SPEAKS YOUR STYLE. Facets of your character, reflected in a rich spectrum of hues. With a unique, vivid paint finish, BMW Individual translates your choice of BMW into the perfect articulation of your style. Whether it’s composing the exact colours, handpicking the
      207 words