The Business Times, 3 January 2014

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Microfilm: NL32956
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, January 3, 2014
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  • Article, Illustration
    Lock icon Mass-market condo prices begin to turn
    966 1  -  Property players see URA price index falling this year in the range of 1% to 10% By KALPANA RASHIWALA kalpana@sph.com.sg [SINGAPORE] Prices of mass-market private condos the mainstay of Singapore’s private housing market have finally eased for the first time since the market bottomed
    Source: URA  -  966 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,174.65 (+7.22) GST INDEX FUTURES 3,174.00 (+7.00) HSIMSCI 364.63 (-0.16) HSIMSCI FUTURES 364.10 (-1.10) US$ S$ US$ (S$ per US$) 1.267 (US$/S$ per 1.657 2.100 EURO (US$/S$/€ 1.373 1.740 Foreign currency per US$ S$ YEN 105.40 83.20 RM 3.288 2.595 HK$ 7.754 6.119 BAHT 32.94 25.99 RUPIAH
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    • Article
      Lock icon MARKETS
      47 1 Thursday Change KL COMP 1,852.95 -14.01 NIKKEI 225 Closed HANG SENG 23,340.05 +33.66 SET INDEX 1,230.77 -67.94 JAKARTA COMP 4,327.27 +53.09 MANILA COMP 5,984.26 +94.43 SEOUL COMP 1,967.19 -44.15 SHENZHEN B 866.35 +1.76 MUMBAI IND 20,888.33 -252.15 11am EST Change DOW 16,485.55 -91.11 NASDAQ 4,148.30 -28.29
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    • Article
      Lock icon PRIME RATES
      20 1 SINGAPORE 5.38 HONG KONG 6.55 HONG KONG 5.00 INDONESIA 14.920 BRITAIN 5.036 JAPAN 1.475 KOREA 9.33 Source: Bloomberg
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  • Article
    Lock icon Singapore’s Q4 growth eases to 4.4%
    832 1  -  By CHUANG PECK MING peckming@sph.com.sg [SINGAPORE] Economic growth eased more than expected in the final quarter of 2013, even as the Republic turned in a better fullyear performance, preliminary government estimates released yesterday showed. Coming two days after Prime Minister Lee Hsien Loong disclosed
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      147 1 EXEC LIFESTYLE The 2014 Wish List PAGE 30 COMPANIES Bright outlook for offshore marine sector BT ROUNDTABLE Where to put your money this year PAGE 17 PAGE 8 8"*****1"*****4 SFRFRCFRFR GENEVE Creator of dreams ERENA Mechanical, 18K Pink Gold, Diamond-Set Bezel, MOP Dial with Diamond Hour Markers EXCLUSIVELY AVAILABLE AT:
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  • TOP STORIES
    • Article, Illustration
      Lock icon US market unlikely to repeat stellar performance
      1351 2  -  Analysts predict an uneven year with modest gains due to pullback of stimulus By ROB CURRAN AFTER gorging itself on the biggest annual gains in nearly two decades last year, the US stock market may suffer some indigestion in 2014, analysts say. In
      PHOTO: AFP  -  1,351 words
    • Article
      Lock icon Woodfibre to export LNG from Canada to Asia
      534 2  -  By RONNIE LIM ronnie@sph.com.sg [SINGAPORE] A relatively unknown player, Woodfibre LNG Export Pte Ltd incorporated in Singapore by Indonesian tycoon Sukanto Tanato has received the greenlight to export liquefied natural gas (LNG) from Canada’s West Coast to markets in Asia. It is
      534 words
    • Article, Illustration
      Lock icon ‘Abepolitics’ threatens ‘Abenomics’ this year
      758 2  -  PM’s radical political policies could derail his economic success By in ANTHONY ROWLEY in Tokyo JAPAN enters the New Year with great expectations for the success of “Abenomics” that set of economic policies to which Prime Minister Shinzo Abe has lent his name but there
      PHOTO: AFP  -  758 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      368 2 Mass-market condo prices begin to turn PRICES of mass-market private condos have finally eased, for the first time since the market bottomed in 2009. FRONT PAGE Singapore’s Q4 growth slows down to 4.4% GROWTH eased more than expected in Q4 2013, even as Singapore turned in a better
      368 words
    • Article, Illustration
      Lock icon HDB resale flat prices seen falling further
      708 4  -  Analysts expect 1-8% drop for this year despite pick-up in activity By ONG CHOR HAO ongch@sph.com.sg [SINGAPORE] Resale prices for Housing and Development Board (HDB) flats continued their decline in the last quarter of 2013, a trend which property consultants say is unlikely
      Source: HDB; FILE PHOTO  -  708 words
    • Article, Illustration
      Lock icon Public Bank to merge its local, foreign shares
      477 4  -  By PAULINE NG in Kuala Lumpur AFTER more than 20 years of having both a local share and a foreign share quoted on the stock exchange, Public Bank Bhd (PBB) has proposed to merge them under a single code. However, it does
      PHOTO: BLOOMBERG  -  477 words
    • Article
      Lock icon Firms begin ploughing through DNC Registry
      451 4  -  By JOYCE HOOI By joyceh@sph.com.sg [SINGAPORE] Banks, telcos, insurance firms and the like piled into the Do Not Call (DNC) Registry on its first official day, with 95 organisations checking a total of 13 million contact numbers by 4pm yesterday. Of the 13 million,
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      479 3 Traffic Advisory For Motorists using The Marina Coastal Expressway (MCE) LTA has been monitoring traffic conditions since the opening of the MCE and making adjustments to improve traffic circulation in the road network adjoining MCE. More signs have been placed at key approaches to guide motorists. Motorists may also find
      479 words
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      239 4 B is > r Celebrate the rhapsody of spring Embrace spring at 10 at Claymore with the Auspicious Plates of Treasure, a celebratory array of eight exquisite seasonal dishes. Enjoy unlimited servings of Yu Sheng when you join us for dinner or Sunday Brunch between 15 January and 15 February
      239 words
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Aspial acquires Aussie property for A$41.5m
      337 5  -  Reports by MINDY TAN tanmindy@sph.com.sg ASPIAL Corporation has unveiled its latest gem 383 King Street in Melbourne, Australia which it is acquiring from MWM Australia for A$41.5 million (S$46.5 million). This is Aspial’s first major acquisition in its overseas expansion. The freehold commercial development
      FILE PHOTO  -  337 words
    • Article
      Lock icon SoilBuild unit to build Soo Kee Jewellery HQ
      236 5 SOILBUILD Construction Group’s wholly owned subsidiary SoilBuild (Pte) Ltd has been awarded a $26.8 million contract by Soo Kee Jewellery Group to construct its corporate headquarters. The proposed seven-sto-rey industrial building with basement carpark lots at Changi Business Park Vista will serve
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    • Article, Illustration
      Lock icon GSH makes property forays into Sabah
      1118 5  -  It expects to launch its first residential project in Kota Kinabalu in 1H 2014 By KENNETH LIM kenlim@sph.com.sg IT appears that GSH Corp’s next chapter as a property developer will be written closer to home, with its initial forays into China having fallen through.
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    • Article, Illustration
      Lock icon Berkshire seen failing five-year test for first time
      775 7 Analysts estimate Buffett’s firm failed to increase its net worth more rapidly than the S&P 500 from 2008 to 2013 Bloomberg [NEW YORK] Warren Buffett has probably missed his target for the first time in 44 years. Berkshire Hathaway Inc, his US$292
      Bloomberg  -  775 words
    • Article
      Lock icon UK store John Lewis posts 7.2% jump in holiday sales
      478 7 Reuters [LONDON] British department stores group John Lewis scored a 7.2 per cent rise in Christmas sales, as strong demand for items from tablet PCs to coffee machines helped it become one of this year’s likely winners in the UK
      Reuters  -  478 words
    • Article, Illustration
      Lock icon Bright year ahead seen for O&M sector
      885 8  -  Strong flow of new orders expected from solid capital investments globally By LISA LEE lisalcc@sph.com.sg ROBUST capital investments in global exploration and production (E&P) projects in 2014 should keep new orders buzzing for Singapore’s offshore and marine sector this year, although rising costs
      PHOTO: BLOOMBERG; FILE PHOTO  -  885 words
    • COMPANY BRIEFS
      • Article
        Lock icon Ezion pays US$32.5m for company owning jack-up rig
        113 8 EZION Holdings is acquiring a company which owns a multi-pupose propelled jack-up rig for US$32.5 million, to be paid through the issuance of new shares at $2.2407 each. This will give the vendors Venstar Investment Ltd, Venstar Investments II Ltd, Evia Growth
        113 words
      • Article
        Lock icon Goodpack buying rest of stakes in 2 subsidiaries
        114 8 PACKAGING solutions provider Goodpack Limited is paying US$2 million in total to take over the stakes of two subsidiaries Singkor Investment Pte Ltd and Singkor Marketing (HK) Limited that it does not already own. This will increase its stake in the two
        114 words
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      21 5 SCORE CARD Keep your investors informed by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg
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      Lock icon Page 5 Advertisements Column 2
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      319 words
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      34 5 h'Ji'l $5 MILLION New Year Draw Draw on Fri, 3 Jan 2014 at 9.30pm For details, visit www.singaporepools.com.sg p i_AY/k Always play with care. responsibly] Do not bet illegally. RGB Reg No: *****0202G m
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      Lock icon Page 5 Advertisements Column 4
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      712 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon STI starts year up for an 8th session
      561 6  -  Penny fever boils over but market’s turnover pales in comparison with Dec 31’s half-day trading STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent TUESDAY’S half-day session yielded $1.2 billion in volume traded, but yesterday’s full-day trading produced only $847 million in business done. This
      Source: Bloomberg  -  561 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 4 2 0 0 0 8 4 2 Manufacturing 64 36 43 8 4 12 72 40 55 Commerce 27 18 13 4 4 2 31 22 15 Tpt/Stor/Comms 19 10 7
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,391 13,391 28,576 28,576 Manufacturing 779,046 110,919 889,965 124,833 5,425 130,258 Commerce 890,631 324,059 1,214,690 99,138 32,943 132,082 Tpt/Stor/Comms 76,992 3,147 80,139 78,520 381 78,901 Finance 34,556 352 34,908 73,882 119 74,001 Construction 62,632 224,278
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      110 6 Stock name Close Change CapMallsAsia 1.960 CapitaLand 3.020 -0.010 CapitaMall 1.900 -0.005 CityDev 9.520 -0.080 ComfortDelGro 2.020 +0.010 DBS Grp 17.100 GLP 2.910 +0.020 Genting SP 1.500 +0.005 Golden Agri 0.550 +0.005 HK Land 5.930 +0.030 HPH Trust US$ 0.675 JMH 53.840 +1.530 JSH 32.840 +0.840
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    • Article, Illustration
      Lock icon STRAITS TIMES INDEX
      4 6 DAILY
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 Jan 2 VALUE CLOSE BT OB/OS 694.0 +35.0 BT CADI -*****.0 +107.0 BT 10-day MA -*****.00 +70.00 FTSE ST Mid Cap 724.43 +3.10 FTSE ST Small Cap 545.96 +3.88 FTSE ST All Share 770.61 +2.29 FTSE ST China Top 199.74 +1.63 FTSE ST China 226.16 +1.24 FTSE
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    • BROKERS’ TAKE
      • Article, Illustration
        Lock icon S-Reits
        350 6 DBS Group Research, Jan 2 WE interpret the Fed’s decision to begin tapering its monthly bond-buying programme and at the same time keeping short-term interest rates low as a signal that “taper” and “rate hikes” are not synonymous events. As such, the yield curve will continue to remain steep,
        Source: Bloomberg  -  350 words
      • Article, Illustration
        Lock icon Tee International
        324 6 Dec 2 close: $0.30 OCBC Investment Research, Jan 2 AFTER its Q1-FY14 results miss in October 2013, Tee International’s (Tee) share price has drifted steadily down to S$0.29 near its 52-week low. At these levels, we see significant value in Tee’s shares and upgrade our rating on the
        Source: Bloomberg  -  324 words
      • Article
        Lock icon Sembcorp Marine
        205 6 Jan 2 close: $4.43 DMG Partners, Jan 2 SMM closed 2013 with another order for a jack-up rig from Perisai the eighth order secured in 2013. The company secured S$4.2 billion worth of new contracts this year, slightly below our full-year S$4.5 billion estimate. We keep our earnings
        205 words
    • Article, Illustration
      Lock icon Won hits 5-year highs against dollar, yen
      530 6 CURRENCIES Reuters [SEOUL] South Korea’s won hit more than five-year highs against both the US dollar and the yen yesterday while most South-east Asian units eased, a divergence that many traders expect could be a trend in the new year. The Indonesian rupiah
      Reuters; PHOTO: BLOOMBERG  -  530 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      55 6 VOLUME HanKore 961,254,000 GSH Corp 381,859,000 LifeBrandz 204,632,000 Memstar 197,666,000 Charisma Energy 193,151,000 Oceanus 177,608,000 Otto Marine 171,999,000 SIIC Env 149,493,000 Albedo 101,668,000 EMS Ener 100,826,000 VALUE($) HanKore 109,612,552 GSH Corp 33,663,140 DBS Grp 31,689,135 SIIC Env 28,112,243 SingTel 26,704,470 GLP 25,117,410 Memstar 19,504,840 JSH 18,228,289 UOB
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    • Article
      Lock icon RISES
      107 6 BY CENTS CLOSE UP GLD 10US$ ***** 301.5 2.1 JMH 5384 193.8 2.9 Lyxor Indonesia10US$ 7200 192.5 2.2 DBXT MSEurope 10US$ 5981 176.1 2.4 DBXT E50 10US$ 5176 173.5 2.7 JSH 3284 106.4 2.6 DBXT MSUSA 10US$ 4593 62.1 1.1 DBXT MSJAP 10US$ 4730 46.9 0.8 DBXT FTChina25 10US$
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    • Article
      Lock icon FALLS
      130 6 BY CENTS CLOSE DOWN Lyxor ThaiSET 10US$ ***** -312.9 -2.2 DBXT MSKorea 10US$ 6153 -164.7 -2.1 DBXT MSTHAI 10US$ 1695 -84.9 -3.8 DBS Bk 4.7% NCPS 100 ***** -20.0 -0.2 Lyxor Korea 10US$ 546 -17.7 -2.5 Lyxor China H 10US$ 1428 -15.2 -0.8 DBXT MSAsExJp 10US$ 3389 -13.9 -0.3
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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      2566 7 Wc WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices In The Matter of The CompaniesAct Cap. 50And In The Matter of SGAGOLFCLUB PTE LTD CompanyRegistrationNo:*****4440R (In Members’Voluntary Liquidation) MEMBERS’VOLUNTARY WINDING UP At an Extraordinary General Meeting of the Members of the abovenamed Company duly convened and held at Conference Room,
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  • Page 8 Advertisements
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      196 8 buzz 'cfi fj rasper Buzz rewards you with Prosperous Red Packets this Lunar New Year with every $3 spent. mg&M Is wr* o Xur K *1 yv Ir'.j o* K K \0 vj> < Start picking a reward now from the Prosperity Capsule. Follow these simple steps to earn plays
      196 words
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      23 8 I Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change i of Address Notices I MATS NOTICES CLA/FEB11/g
      23 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Wheelock to unveil condo project in AMK
      600 9  -  Prices expected to start from under $700,000 for one-bedder By kalpana@sph.com.sg KALPANA RASHIWALA kalpana@sph.com.sg WHEELOCK Properties unveils tomorrow The Panorama in Ang Mo Kio Avenue 2, its first 99-year suburban condo project in Singapore in nearly two decades. The showflat will open with
      600 words
    • Article
      Lock icon Government to build 45 new childcare centres this year
      248 9 THE government plans to build at least 45 new childcare centres in 2014, with at least 10 of them in Punggol and Sengkang. These two neighbourhoods will be given more attention as they have many young families and a high demand
      248 words
    • Article, Illustration
      Lock icon Positive signs in property auction market
      455 9  -  Total sales last year up 69.5% at $99.6m even as successful auctions slip to 21 from 26 By MINDY TAN tanmindy@sph.com.sg WHILE both buyers and sellers wait for market clarity, there are some signs that the property auction market has rebounded. According to data
      Source: Jones Lang LaSalle  -  455 words
    • Article, Illustration
      Lock icon Smoother MCE flow on first working day of year
      364 9  -  By GRACE LEONG gleong@sph.com.sg THE Marina Coastal Expressway (MCE) got off to a flying start on the first working day of 2014, with smooth traffic reported along the tunnel and key roads such as Central Boulevard and Marina Boulevard during the
      PHOTO: ONG WEE JIN/THE STRAITS TIMES  -  364 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon RHT’s Hee Theng Fong joins Harry Elias
        65 9 HEE Theng Fong, a founding partner of RHT, has left the firm because of disagreements about the management direction of the firm, and is joining Harry Elias Partnership as its consultant. Harry Elias managing partner Philip Fong said Mr Hee’s expertise in international
        65 words
      • Article
        Lock icon CPA members reappointed
        61 9 PRESIDENT Tony Tan Keng Yam yesterday reappointed former cabinet minister S Dhanabalan and former Supreme Court judge Goh Joon Seng as members of the Council of Presidential Advisers (CPA) for a further four years from yesterday. The CPA advises the president on issues like the appointments of
        61 words
      • Article
        Lock icon New JC appointed
        39 9 LEE Kim Shin, managing partner of Allen Gledhill, has been appointed as a judicial commissioner of the Supreme Court. Mr Lee, who was sworn in at the Istana yesterday, will serve a one-year term starting yesterday.
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      1436 9 WATS NOTICES NOTICE OF SPECIAL RESOLUTION ECLAT SOLUTIONS PTE. LTD. Co Regn No: *****2085R Incorporated in Singapore NOTICE IS HEREBY GIVEN THAT AT AN EXTRAORDINARY GENERAL MEETING OF THE COMPANY DULY CONVENED AND HELD ON 27 DECEMBER 2013 THE FOLLOWING SPECIAL RESOLUTION WAS PASSED: That pursuant to section 290(1)(b) of
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  • MALAYSIA/INDONESIA
    • Article
      Lock icon Jakarta surprises with Nov trade surplus
      652 10 Rupiah strengthens; after ending 2013 as emerging Asia’s worst performer Reuters [JAKARTA] Indonesia has reported a surprisingly large trade surplus for November, while inflation was steady last month, which could give the central bank room to keep its benchmark rate unchanged next week. Data
      Reuters  -  652 words
    • Article, Illustration
      Lock icon Marina Mahathir writes scathing column against govt
      734 10  -  She pans leadership for keeping quiet during period of national disunity By S JAYASANKARAN in Kuala Lumpur SOCIAL commentator Marina Mahathir yesterday criticised the government for keeping mum on contentious issues affecting the citizenry. In a stinging opinion piece in The Star newspaper
      PHOTO: SINGAPORE WRITERS FESTIVAL  -  734 words
    • Article
      Lock icon Indonesian import need rises with depleting oilfields
      453 10 Bloomberg [JAKARTA] Magenta-coloured bars creep up on a monitor screen in the control room of the Senipah-Peciko-South Mahakam oil terminal in Indonesia’s East Kalimantan province, indicating three storage tanks are being filled. “It takes more than 60 days now to fill a 500,000-barrel
      Bloomberg  -  453 words
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      2223 10 ETIKA INTERNATIONAL HOLDINGS LIMITED Company Registration No: *****3131Z (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT the Annual General Meeting of Etika International Holdings Limited will be held at Crystal Suite, Level 2, Holiday Inn Singapore Orchard City Centre, 11 Cavenagh Road,
      2,223 words
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      4002 11 katc notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices PACIFIC ANDES RESOURCES DEVELOPMENT LIMITED (Incorporated in Bermuda with limited liability) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of Pacific Andes Resources Development Limited (the "Company’’) will be held at Ballroom I II, InterContinental Singapore,
      4,002 words
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  • GREATER CHINA/INDIA
    • Article
      Lock icon Asian stocks down as China gauges dip
      748 12 Regional benchmark index falls from 3-week high; manufacturing growth in China slows Bloomberg [SINGAPORE] Asian stocks dragged a regional benchmark index down from a three-week high after gauges of manufacturing in China declined. The slide underscored challenges for President Xi Jinping as he
      Bloomberg  -  748 words
    • Article, Illustration
      Lock icon India scraps US$770m AgustaWestland deal
      619 12 It cites breach of integrity, agrees to arbitration process Reuters [NEW DELHI] India has cancelled its US$770 million helicopter deal with Italian defence group Finmeccanica’s AgustaWestland unit over what it termed a breach of integrity, but agreed to take part in an arbitration process. India
      Reuters; PHOTO: AFP  -  619 words
    • Article
      Lock icon India aims to liberalise FDI policy further
      410 12 AFP [NEW DELHI] India aims to throw open its doors wider to overseas investors in the coming weeks, a minister said, as it seeks to spur a weak economy before the general election. The government has already relaxed foreign direct investment (FDI) rules
      AFP  -  410 words
    • Article, Illustration
      Lock icon Revenue growth of Macau casinos accelerates in ‘13
      508 12 Bloomberg [HONG KONG] Macau casino revenue growth accelerated last year as the world’s largest gambling hub, which already takes in about seven times as much as the Las Vegas Strip, widened its lead. Gaming revenue from the six operators of China’s only
      Bloomberg; PHOTO: REUTERS  -  508 words
    • Article
      Lock icon FTSE to launch onshore RMB bond index
      593 12  -  By YONNEX LI EJ Insight FTSE Group will by June this year launch its first-ev-er index that tracks onshore yuan-denominated bonds, amid growing global demand for investment products linked to the best-performing Asian currency. The UK-based index provider will compile a broad-based, tradable
      EJ Insight  -  593 words
    • Article
      Lock icon China slaps consumption tax on fuel imports
      203 12 Reuters [BEIJING] China has levied a consumption tax on imported biodiesel and some types of kerosene from the start of the new year, the customs office said, a move aimed at curbing imports of the fuels that have taken market share from state
      Reuters  -  203 words
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  • WORLD
    • Article, Illustration
      Lock icon UK reviving faster than neighbours credit-wise
      1015 13 Its credit default swaps are down 42% in 6 months, a bigger drop than most others Bloom berg [LONDON] Investor perceptions of UK creditworthiness are improving faster than almost every country in Europe as the economic recovery strengthens. Credit default swaps insuring US$10 million
      Bloomberg; PHOTO: REUTERS  -  1,015 words
    • Article, Illustration
      Lock icon EU allays influx fears as curbs on Romanians, Bulgarians are lifted
      628 13 Change unlikely to lead to big increase in migration, it says Reu ters [BRUSSELS] The European Union (EU) sought to calm fears in countries such as Britain, France and Germany that they face a mass influx of Romanians and
      Reuters; PHOTO: REUTERS  -  628 words
    • Article
      Lock icon JPMorgan halts dollar deals for Latvia lenders after US reprimand
      658 13 Commerzbank and Deutsche only banks left to do transfers Bloomberg [RIGA] JPMorgan Chase Co, which has been told by US regulators to bolster money-laundering safeguards, has stopped clearing dollar transfers for Latvian lenders, according to the Baltic nation’s banking association.
      Bloomberg  -  658 words
    • Article
      Lock icon Australian home prices up 9.8% last year
      620 14 Rise in home building, as interest rates remain low, to power economy this year Reuters [SYDNEY] Home prices across Australia’s major cities rose over 2013 at the fastest pace in four years as record low interest rates fuelled demand from investors who went
      Reuters  -  620 words
    • Article, Illustration
      Lock icon Snapchat, Candy Crush among top smartphone apps
      636 14 Reuters [TORONTO] Snapchat, Vine, and Candy Crush Saga earned coveted spots on smartphones last year, making them among the most downloaded apps of 2013. There are more than a million apps on Apple’s App Store and Google’s Play store, the two dominant marketplaces
      Reuters; THE NEW PAPER FILE PHOTO  -  636 words
    • Article
      Lock icon Human behaviour trove lures economists to US tech giants
      860 14 Firms aim to tap more brainpower at AEA’s annual job fair Bloomberg [SAN FRANCISCO] Wooing this year’s best graduate students in economics will be familiar faces from Harvard, Princeton and other US universities seeking assistant professors and eBay Inc’s not yet
      Bloomberg  -  860 words
    • Article, Illustration
      Lock icon Unlimited vacation’s the new frontier in US workplaces
      746 14 AFP [WASHINGTON] Unlimited vacation policies, which have so far been adopted by only a handful of US businesses, have been embraced by both workers and their employers, who say that the flexibility increases profitability. At Ryan, a tax services firm of 1,600
      AFP; PHOTO: AFP  -  746 words
    • Article, Illustration
      Lock icon World’s top 300 billionaires richer by US$524b in 2013
      1262 15 Bill Gates last year’s biggest gainer as his fortune grows by US$16b to US$78b Bloomberg [NEW YORK] The richest people on the planet got even richer in 2013, adding US$524 billion to their collective net worth, according to the Bloomberg Billionaires
      Bloomberg; BT Graphics: Ludwig Ilio; Source: Bloomberg  -  1,262 words
    • Article
      Lock icon Over 6,000 tap UK govt’s Help to Buy housing scheme in 3 months
      449 15 Reuters [LONDON] Over 6,000 people have applied for mortgages under the British government’s Help to Buy scheme in its first three months, which if approved would amount to £910 million (S$1.9 billion) in loans, Prime Minister David
      Reuters  -  449 words
    • Article, Illustration
      Lock icon Hyundai, Kia see slowest sales growth in 10 yrs
      569 15 4% rise projected as weak yen helps Japanese rivals Reuters [SEOUL] South Korean auto makers Hyundai Motor Co and Kia Motors Corp are bracing for their most sluggish growth in annual sales since 2003 as the weakening of the yen fuels
      Reuters; PHOTO: BLOOMBERG  -  569 words
    • Article
      Lock icon Samsung chief urges workers to look beyond hardware
      345 15 Bloomberg [SEOUL] Samsung Electronics Co chairman Lee Kun Hee urged workers to adopt new ways of thinking and move beyond its focus on hardware as the world’s biggest maker of smartphones and televisions seeks to maintain growth. “We have to change once
      Bloomberg  -  345 words
    • Article
      Lock icon Manufacturing ends year on a high
      653 16 Strong eurozone and Japan shows set stage for solid 2014 Reuters [LONDON] Global manufacturing ended 2013 on a strong note as major exporters like Japan, Germany and Italy posted their fastest growth in years, although China’s performance remained modest, surveys showed yesterday. Years of
      Reuters  -  653 words
    • Article, Illustration
      Lock icon Thai stocks plunge, currency at near four-year low
      508 16 AFP [BANGKOK] Thai stocks plunged more than 5 per cent yesterday and the baht hit a near four-year low as investors took fright at the kingdom’s deepening political crisis. Anti-government protesters have vowed to “shut down” Bangkok on Jan 13 while Thailand’s
      AFP; PHOTO: AFP  -  508 words
    • Article
      Lock icon Manufacturing slips in Dec but stays strong
      452 16 Factories get boost from rising vehicle sales and housing construction boom LATEST US DATA Bloomberg Reuters [WASHINGTON] Manufacturing in the US expanded in December at the sec-ond-fastest pace in more than two years, a sign the industry will bolster growth in early 2014.
      Bloomberg; Reuters  -  452 words
    • Article
      Lock icon Fiat gains full ownership of Chrysler in US$4.35b deal
      587 16 Bloomberg [MILAN] Fiat SpA has secured full ownership of Chrysler Group in a US$4.35 billion agreement that will conserve the Italian company’s cash while creating a global carmaker with better scale to take on General Motors. Fiat rose the most in
      Bloomberg  -  587 words
    • Article
      Lock icon Trebling tobacco tax could prevent 200m early deaths
      605 16 Scientists say increasing taxes would encourage people to quit smoking Reuters [LONDON] Trebling tobacco tax globally would cut smoking by a third and prevent 200 million premature deaths this century from lung cancer and other diseases, researchers said on Wednesday. In a
      Reuters  -  605 words
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      76 15 mft ooyaoooai® n IJiBi atlt* ?.s>m J rati ®L a °f M jja Hotel Solutions, Food Beverage and Travel Trade Show 17-19 February 2014 Myanmar Convention Centre,Yangon www.mhft.sphereconferences.com The most comprehensive showcase of hotel and F&B solutions, technologies and innovations in Myanmar BE PART OF IT! Pood Beverage Show |kfl
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      30 16 I LOOK FORWARD TO... Weask10peoplefrom variouswalks of lifewhat theywishfor in 2014 POOJA HAS NO PROBLEM LOOKING UGLY GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327)
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  • BT INVESTMENT ROUNDTABLE
    • Article, Illustration
      Lock icon Where to put your money in 2014
      3365 17 Introduction: 2013 was the year of the equity when the key had not been stock picking but simply being “in the market”. The New Year may be different as monetary “tapering” grows and the tide of liquidity recedes. The Business Times convened its
      3,365 words
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  • EDITORIAL & OPINION
    • Article
      Lock icon Prepare for an eventful year – and surprises
      511 18 Prepare for an eventful year and surprises EDITORIAL AT the start of 2013, analysts were circumspect about the prospects for equity markets for the year. The US recession was still a fresh memory, Europe remained mired in its sovereign debt crisis and there were still people betting on the end
      511 words
    • Article, Illustration
      Lock icon There is hope yet for China, South Korea to join the TPP
      797 18  - There is hope yet for China South Korea to join the TPP THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 FOR the first time since it came into existence in 1995, the World Trade Organization last month finally achieved
      797 words
    • Article, Illustration
      Lock icon The wrongs and rights of eurozone banking union
      1032 18  -  Latest compromise is an imperfect reform and doesn’t make things simple By GEORGE HAY &SH REUTERS BREAKINGVIEWS THE eurozone banking union was always going to have a difficult birth. European governments finally agreed last month on the second of three key milestones
      &SH REUTERS BREAKINGVIEWS; PHOTO: BLOOMBERG  -  1,032 words
    • Article, Illustration
      Lock icon Financial regulators’ fine mess
      930 19  -  Message from JPMorgan’s US$13b settlement with US govt is there’ll be no change to business as usual By SIMON JOHNSON The writer is a professor at MIT’s Sloan School of Management and the co-author of‘White House Burning: The Founding Fathers, Our National Debt, And Why It
      Project Syndicate; PHOTO: REUTERS  -  930 words
    • Article, Illustration
      Lock icon The re-emergence of the almighty dollar
      436 19  -  By IAN CAMPBELL REUTERS BREAKINGVIEWS THE US dollar should make its way back from oblivion in 2014 as the Federal Reserve stops printing greenbacks like monopoly money. Emerging market currencies look vulnerable to a whipping they don’t want, the yen should continue to slide
      REUTERS BREAKINGVIEWS; PHOTO: BLOOMBERG  -  436 words
    • Article, Illustration
      Lock icon Asia lacks the unity that keeps the eurozone intact
      692 19  -  ANTHONY ROWLEY Tokyo Correspondent A YEAR ago, there was speculation that the EU, or the eurozone at least, was on the verge of breaking up and post-war European unity along with it. This has not happened (yet anyway), but as we
      PHOTO: AFP  -  692 words
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Second vote on Boeing contract bares union rift
      1220 20 Machinists firm but talk of moving production outside Washington state worries leaders NYT [NEW YORK] After Boeing’s workers in Washington state voted down an eight-year contract extension in November, Boeing wasted little time in soliciting offers from other states to build its
      NYT; PHOTO: BLOOMBERG  -  1,220 words
    • Article
      Lock icon TRANSPORT STOCKS
      244 20 SGX '000 Jan 02 S$ +/-Vol Ch Offshore 0.44 0.01 58 Chuan Hup Hldg 0.27 0.01 180 Cosco Corp 0.76 unch 1752 Cwt Limited................1.36 0.01 264 First Ship Lea unch unch 0 Grand Banks 0.22 unch 35 Jaya Hold Ltd K1Ventures Chuan Hup Hldg.. Keppel Corp 11.20 0.01
      244 words
    • Article
      Lock icon Gulf banks to play bigger role in financing airlines
      623 20 Bloomberg [DUBAI] Persian Gulf banks are set to increase funding to the region’s airlines who have placed a record number of plane orders as part of their expansion plans, according to lenders including Novus Aviation Capital. Airlines will be a strong
      Bloomberg  -  623 words
    • Article
      Lock icon Cost overrun clash endangers Panama Canal work
      318 20 Re uters [MADRID] Work on the massive Panama Canal extension project may be suspended after a clash between the builders and the Panamanian authorities about US$1.6 billion in cost overruns, according to a statement from the building consortium on Wednesday. The cost overruns
      Reuters  -  318 words
    • Article, Illustration
      Lock icon Indian traders hit by iron ore curbs exiting industry
      924 20 Reuters [SINGAPORE] Top Indian trader MMTC’s US$80 million iron ore export terminal, ready since 2010, has never handled a cargo. Now the company wants to spend US$16 million to convert the terminal to ship coal. Bans on iron ore mining and
      Reuters; REUTERS FILE PHOTO  -  924 words
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  • Article
    Lock icon Shipping Times
    2301 21 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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  • Page 21 Advertisements
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      159 21 Shanghai Chittagong C a il a n E n n o r e J e d d a h B r Ho Chi Minh NYK RORO &Conventional ServiceREGULAR SERVICE TO REGULAR SERVICE TO Persian Gulf, Bengal, Red Sea, Australia, East South Africa, Asia Europe is b a n e H
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      Lock icon Page 21 Advertisements Column 2
      18 21 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • Page 22 Advertisements
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      Lock icon Page 22 Advertisements Column 1
      75 22 mporters coking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II SpotlightAward Wins Recognition Come publicise your Award Wins Recognition, Ship Christenings Delivery of New Builds, Project Completion, Vessel Conversion Refurbishment, and Company Anniversaries. There’s no better way to
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      18 22 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3176 23 Transaction date: Jan 2 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company 15 11.5 8Telecom Sale Vol Day Last Quote ('000) High Low Buyer Seller Div Gr Yld C'vr 188 106
      3,176 words
    • Article
      Lock icon SGX CATALIST
      279 24 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 37 17.3 t 3Cnergy 500 Vol Day 2.4 1.1 t Advanced System 1.2 unch 960 1.3 1.2 1.2 1.3 21.1 Div Gr Yld Net
      279 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11257 24 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.5/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond 1 9083/ China Opportunities 1 2 8347/ EM Local Ccy Bond *****/ European Opportunities 1 1 3256/ Global Emerging Markets
      11,257 words
    • Article
      Lock icon GLOBALQUOTE
      262 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 61 33.4 AVJennings A57 unch 140 57 57 57 59 3.6 6.1 4.6 211 52 35 Genting HK US$ US43.5 +0.5 6748 44.5 43 43.5 44 2864.3
      262 words
    • Article
      Lock icon SGX ETF
      893 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 143 125 CIMB APAC Div 100S$D 127.1 +2.1 14 127.4 127 126.4 127.3 114.4 99.2 CIMB APAC Div 100US$ US99.7 99.9 100.4 10.5 1510 1192
      893 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      695 25 Jan 2 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.22 *****.22 *****.71 Mar14 *****.00 *****.00 *****.00 *****.00 ***** *****1 Jun14 *****.00 8 1768 MSCI TAIWAN INDEX FUTURES SPOT 302.67 303.04 301.11 Jan14 303.10 304.70 301.20 302.00 ***** *****1 Feb14 301.90 302.00 301.20 302.00
      695 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr Dec 31 Index Change Change Change Change Change Change World Preliminary 1184.1 0.3 26.2 -0.1 28.2 0.3 24.1 EAFE Preliminary 956.3 0.1 23.5 -0.3 23.4 0.1 19.4 Europe Preliminary 1354.9 0.2 18.1
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 25 Jan 2 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.946 5.375 0.647 6.888 55.089 108.039 0.936 9.330 2.921 1.086 93.596 39.485 1.126 9.387 0.795 26.621 29.261 0.536 0.888 Canada 1.057 5.681
      471 words
    • Article
      Lock icon SIBOR
      32 25 Jan 2 (US$) (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** Source: Thomson Reuters
      32 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      86 25 Jan 2 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.31 1-Year BY*****T 31-Oct-14 0.31 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.61 5-Year N*****0T 0.5 01-Apr-18 97.36 97.50 97.50 10-Year NX*****H
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    • Article
      Lock icon PRECIOUS METALS
      137 25 Jan 02 GOLD(US$/oz) Dec 31 Dec 30 Hong Kong 1199.00 1205.00 Dec 31 Dec 30 London 1205.61 1205.63 1210.10 1206.35 Source: Thomson Reuters CAST BAR Jan 02 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 112 50 5gm 318 248 10gm 567 496
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    • Article
      Lock icon PALM OIL
      59 25 Jan 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 14 2630.0 2628.0 2630.0 2619.0 386 2135 Feb 14 2658.0 2649.0 2659.0 2636.0 2743 ***** Mar 14 2665.0 2659.0 2669.0 2646.0 9900 ***** Apr 14 2669.0 2662.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 Jan 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1251 1.1261 0.8882 0.8884 Canadian dollar 1.1892 1.1901 0.9389 0.9388 Euro 1.7387 1.7404 1.3726 1.3730 NZ dollar 1.0359 1.0373 0.8178 0.8183 Sterling pound 2.0993 2.1010 1.6573 1.6575
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 25 Dec 31 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 14 1312.50 1328.25 1331.00 1309.00 Mar 14 1292.50 1308.75 1311.00 1289.00 May 14 1277.00 1292.00 1294.75 1273.00 Jul 14 1264.50 1278.75 1281.75 1260.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 14
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    • Article
      Lock icon LIFFE
      94 25 Dec 31 COCOA (£/tonne) Close Prev High Low Mar 14 1730 1716 1734 1714 May 14 1727 1713 1732 1710 Jul 14 1721 1709 1726 1706 Sep 14 1717 1708 1721 1704 COFFEE(US$/tonne) Close Prev High Low Jan 14 1685 1696 1699 1685 Mar 14 1683 1694 1691 1669
      94 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1124 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 27.5 -0.5 9 0.0 5 -85 54 Asia-Pacific Strategic W*****6 0.4 1 123 280 81.25 4 Ratio Albedo Limited W*****9 Price Ascendas Reit MB ECW*****3 Disc Ascendas Reit
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 25 CRUDE OIL PRODUCTS Dec 30 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 111.12 -1.38 WTI (Near Mth) 99.21 -1.02 Dubai (1-Mth F) 108.70 0.16 Tapis blend 117.79 0.90 Minas 111.29 0.90 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 109.72 0.55 Jet Kerosene 127.92 0.79 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 Jan 2 S$ Bid Offer 1-month 1.2667 1.2676 2-months 1.2666 1.2675 3-months 1.2666 1.2675 6-months 1.2662 1.2672 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 25 Dec-31 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1754.75 1776.75 3 months 1800.00 1822.00 Copper, Grade A(US$/tonne) Cash 7375.75 7387.50 3 months 7360.00 7375.00 Lead(US$/tonne) Cash 2190.50 2230.75 3 months 2219.00 2255.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 As at 9am Jan 02 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.151 1.097 Can dollar 1.211 1.165 Euro 1.781 1.697 Sterling pound 2.136 2.054 NZ dollar 1.062 1.022 US dollar 1.290 1.229 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      154 25 Jan 2 $S Offer Bid 0vernight 0.02 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.09 US$ Offer Bid 7 days 0.20 0.10 1 month 0.26 0.16 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.50 0.30 9 months 0.60 0.40 12
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  • Page 26 Miscellaneous
    • Miscellaneous
      Lock icon Page 26 Miscellaneous Column 1
      333 26 CRYPTIC CROSSWORD Across 1 Boss making blunder right at the end (6) 4 Lady one’s seen in pubs (8) 9 Small room unruly adolescent once stole from (6) 10 Fence lacking colour protecting one grave (8) 11 Rex, awfully tired around day before feast, recovered (9) 13 Ace bloke for
      333 words
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  • executive lifestyle
    • Article, Illustration
      Lock icon The 2014 Wish List
      941 30  -  We ring in the New Year with sparks from 2013 that would help make this year an even brighter one, writes DYLAN TAN Breed the lovechild of Anthony Chen and Jack Neo WHY bother with film grants and funding when the ultimate solution to boosting our
      941 words
    • WINE/ARTS
      • Article, Illustration
        Lock icon White-hot allure of white wine
        1061 26  -  You can’t go wrong with a good Chardonnay to ring in the New Year celebrations, writes NK YONG NK YONG WHAT white wines for the new year? Chardonnay remains the most popular varietal by far, and I am encouraged by the increasing popularity of the
        PHOTOS: AFP, NK YONG  -  1,061 words
      • Around Town
        • Article, Illustration
          Lock icon Pick of the week
          262 26 >The Spectacle of the Spectacles: By the ShanghART Singapore gallery this month, check out a group exhibition by eight Chinese contemporary artists titled The Spectacle of Spectacles. These artists include Ding Yi, Xu Zhen, Shi Qing, Sun Xun, Shi Yong, Tang Maohong, Zhang Enli, and Zhou
          PHOTO:  -  262 words
        • Article
          Lock icon Outings
          534 26  -  Compiled by RACHEL LOI An Enemy of the People: Catch the staging of Norwegian playwright Henrik Ibsen’s famous 1882 play titled An Enemy of the People at the National Museum next week, as part of the M1 Fringe Festival 2014. The story follows protagonist Dr Stockmann, who discovered that
          534 words
    • ARTS
      • Article, Illustration
        Lock icon Art: profound or pointless?
        765 27  -  Upcoming, acclaimed play Art wittily dissects the whole point of art, writesHELMI HELMI YUSOF I MAGINE this: Your best friend has just bought a piece of art. It cost him $200,000 and he wants to know what you think of it. All you see before you
        PHOTOS: TAN NGIAP HENG  -  765 words
      • Article, Illustration
        Lock icon The perils of coming out
        498 27  -  By RACHEL LOI rachloi@sph.com.sg TIM Garner is no longer surprised when some he meets for the first time immediately assumes he’s gay. Especially after they find out that he works as an actor in the theatre industry. It’s no problem, grins the Lasalle College of
        PHOTOS: JUAN JACKSON  -  498 words
      • Article, Illustration
        Lock icon In time and in tune with art
        1006 27  -  By CHEAH UI-HOON uihoon@sph.com.sg TO nine-year-old Boedi Widjaja, moving to Singapore from his small town in Surakarta, Java, Indonesia was a major paradigm shift, if not a massive culture shock. So much so that it continues to shape the works of the 38-year-old
        PHOTO: BOEDI WIDJAJA  -  1,006 words
      • Article, Illustration
        Lock icon Scaling heights of Latin American theatre
        721 27  -  By CHEAH UI-HOON uihoon@sph.com.sg MEXICAN theatre is a rarity in Singapore in fact, anything from South America is, given the large cultural and geographical divide. It pops up sometimes, usually during the Singapore Arts Festival, or as an exotic offering at the M1 Fringe
        ST FILE PHOTO  -  721 words
      • Article, Illustration
        Lock icon Art-lovers’ guide to Singapore Art Week
        1912 28  -  Singapore’s biggest art fair Art Stage opens in Marina Bay Sands from Jan 16-19. At the same time, more than 70 satellite shows are set to take place around the island, making it a veritable arts feast. HELMI YUSOF picks the must-catch events HELMI
        PHOTOS: QIU ZHIJIE; PHOTOS: PRUDENTIAL EYE AWARDS, JANE LEE; FILE PHOTO; PHOTO: IPRECIATION  -  1,912 words
      • Article
        Lock icon China’s Qiu Zhijie holds court
        557 28 ONE of the biggest names to present works at Art Stage must be China’s Qiu Zhijie. The highly regarded artist was once described by critic Karen Smith as the “intellectual dynamo of the contemporary art world in China”. Popular among collectors, his works run the
        557 words
    • CINEMA/MUSIC
      • Article, Illustration
        Lock icon From zero to sperm-bank hero
        475 29  -  Delivery Man is a whimsical dramedy about sowing wild oats and reaping the comeuppance, writesGEOFFREY EU GEOFFREY EU DELIVERY Man has its heart in the right place, but a dramedy that lacks an essential ingredient humour will find it difficult to impress. Not that there
        PHOTO: DREAMWORKS II  -  475 words
      • Article, Illustration
        Lock icon Good scare – on a shoestring budget
        503 29  - Good scare on a shoestring budget By GEOFFREY EU THE found-footage horror flick phenomenon that started with The Blair Witch Project (1999) spawned arguably the most profitable sub-genre in cinema history and inspired anyone with a handheld video camera, a wa-fer-thin storyline and a laughable budget to go into the
        PHOTO: BLUMHOUSE PRODUCTIONS  -  503 words
      • Article, Illustration
        Lock icon Experimenting with music
        433 29  -  By RACHEL LOI rachloi@sph.com.sg ARE you sick of hearing the same old songs playing on the radio? Or tired of skipping past every song that shuffles on your iPod? It’s time, then, to expand your musical horizon, and along the way challenge your perception of music, at
        PHOTO: PLAYFREELY+  -  433 words
      • Article, Illustration
        Lock icon Thinking wo(man)’s neo-punk band
        553 29  -  By DYLAN TAN dylantan@sph.com.sg ON Savages’critically acclaimed debut album Silence Yourself, the all-female quartet plays an abrasive and noisy brand of post-punk music made from a wall of buzzing guitars, thundering drums and howling vocals. So it comes as a slight surprise to find guitarist Gemma
        PHOTO: ST JERMONE’S LANEWAY FESTIVAL  -  553 words
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