The Business Times, 16 May 2014

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Microfilm: NL33138
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, May 16, 2014
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  • Article, Illustration
    Lock icon Viet protests a ‘wake-up call’ for S’pore firms
    744 1  -  Over 20 die as riots spread; steel plant set ablaze By KELLY TAY kellytay@sph.com.sg @KellyTayBT [SINGAPORE] Vietnam’s anti-China protests which turned deadly on Wednesday night after spreading to the central province of Ha Tinh are a stark reminder of how easily geopolitical
    BT Graphics  -  744 words
  • Article, Illustration
    Lock icon Price cuts revive April private home sales; further discounts expected
    771 1  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT [SINGAPORE] Developers cut prices and succeeded in reviving private home sales last month, possibly setting the stage for further discounts in what’s increasingly seen as a buyer’s market. April’s private home sales reached the highest
    Source: URA  -  771 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,272.49 (+13.40) GST INDEX FUTURES 3,273.00 (+15.00) GSIMSCI 371.66 (+1.34) GSIMSCI FUTURES 372.10 (+1.10) US$ S$ US$ (S$ per US$) 1.252 (US$/S$ per 1.674 2.095 EURO (US$/S$/€ 1.368 1.712 Foreign currency per US$ S$ YEN 102.00 81.50 RM 3.223 2.575 HK$ 7.752 6.193 BAHT 32.41 25.89 RUPIAH
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    • Article
      Lock icon MARKETS
      47 1 Thursday Change KL COMP 1,879.83 +0.63 NIKKEI 225 14,298.21 -107.55 HANG SENG 22,730.86 +148.09 SET INDEX 1,395.21 -0.82 JAKARTA COMP Closed MANILA COMP 6,849.33 -31.11 SEOUL COMP 2,010.20 -0.63 SHENZHEN B 814.92 -3.45 MUMBAI IND 23,905.60 +90.48 12noon EDT Change DOW 16,424.01 -189.96 NASDAQ 4,039.56 -61.07
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    • Article
      Lock icon PRIME RATES
      23 1 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA JAPAN TAIWAN KOREA JAPAN 1.475 KOREA 9.33 SWITZERLAND 0.50 INDIA 3.25 Source: Bloomberg
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      Lock icon Page 1 Advertisements Column 1
      109 1 CORPORATE RESULTS SingTel’s Q4 earnings fall short of expectations PAGE 4 CEO WORLD CUP Restaurant chain RE&S backs Japan in charity drive PAGE 9 EXECUTIVE LIFESTYLE Art Basel HK’s mega-draw PAGE 26 BT PROPERTY CLASSIFIEDS BT’s CATS property feature is now available to BTO subscribers. To subscribe to BT Property
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  • TOP STORIES
    • Article, Illustration
      Lock icon Keppel Reit sells 92.8% stake in Prudential Tower for $512m
      613 2  -  Buyer is consortium comprising KOP, Lian Beng, KSH and Centurion Global By KALPANA RASHIWALA kalpana@sph.com.sg@KalpanaBT [SINGAPORE] Keppel Reit has struck an agreement to sell its 92.8 per cent stake in Prudential Tower for $512 million or nearly $2,316 per square
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    • Article, Illustration
      Lock icon Japan’s Q1 growth surpasses expectations with 5.9% surge
      595 2  -  By ANTHONY ROWLEY in Tokyo JAPAN’S economic growth in the first quarter of this year surpassed just about all expectations, surging 5.9 per cent on an annualised basis from the previous three months as consumer spending and corporate capital investment rose strongly
      595 words
    • Article, Illustration
      Lock icon Cars a big drag as March retail sales fall 3.9%
      415 2  -  Decline for a second month is steeper than analyst forecast By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] Retail sales fell for the second consecutive month, declining 3.9 per cent year-on-year in March, according to data released by the Department of Statistics
      415 words
    • Article
      Lock icon Malaysia Air Q1 loss widens to RM443m
      483 2  -  Sales in key China market fall 60% over MH370 tragedy By in PAULINE NG in Kuala Lumpur MALAYSIA Airlines’ China sales fell 60 per cent in March after flight MH370 went missing enroute to Beijing, pushing the carrier to a wider loss of
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    • Article
      Lock icon THREE-MINUTE DIGEST
      336 2 Viet protests a wake-up call for firms VIETNAM’S anti-China protests are a stark reminder of how easily geopolitical tensions can spill over and affect businesses. FRONT PAGE Price cuts revive April home sales DEVELOPERS cut prices and succeeded in reviving private home sales URA figures showed April’s transactions
      336 words
    • Article, Illustration
      Lock icon SingTel’s Q4 profit up 3.5% to $898m but misses estimates
      882 4  -  Revenue down 7.9% on weak Aussie dollar and decline in Optus contribution B)’ JOYCE HOOI joyceh@sph.com.sg @JoyceHooiBT [SINGAPORE] Singapore Telecommunications’ (SingTel) fourth quarter bottom line missed estimates, as regional currencies weakened and revenue from Australia declined. The group’s net profit
      882 words
    • Article
      Lock icon Pay hike likely for S’pore finance and accounting execs
      384 4  -  But in Europe it’s mostly pay cut or freeze: survey By VIVIEN SHIAO vshiao@sph.com.sg VivienShiaoBT [SINGAPORE] Finance and accounting professionals here can expect a pay rise this year, the latest research by recruitment firm Robert Half showed. In a survey conducted
      384 words
    • Article, Illustration
      Lock icon MatchMove wins Innotribe Challenge’s London showcase
      495 4  -  Its mobile virtual credit card targets smartphone users By JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT [SINGAPORE] Homegrown e-payment startup MatchMove has emerged a winner at the London showcase of the 2014 Innotribe Startup Challenge part of Swift’s Next Bank Asia event that seeks to connect the
      495 words
  • Page 2 Advertisements
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      Lock icon Page 2 Advertisements Column 1
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  • Page 3 Advertisements
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      169 3 THE WORLD’S FIRST CURVED UHD TV ll "i w w I ll sL > I r. ll If I H II a I© (T Kg* II I >■ m V m Zo '-aS-ZS- 5* SK 3k££4<c \sk :r it >-*■ *.r* u 8 J m* i \i-T Samsung UHDTV Ultra
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      300 4 iTALIANO Epitomising Italian Gastronomy BWyBI"^ 5 HSBC Proudly Presented By li I K Water Wine and 0S0 presents SEVEN A Gathering of Top Italian Producers Wine Dinner 30 May 7.30pm OSO Ristorante $190.40++ (HSBC cardholders) $238.00++ (other payment modes) For one night only, indulge in a seven course dinner specially
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      Lock icon Page 4 Advertisements Column 2
      32 4 ti'h'l $5 MILLION Anniversary Draw Draw on Fri, 23 May 2014 at 9.30pm For details, visit www.singaporepools.com.sg p Always play with care. responsibly) Do not bet illegally. RGB Reg No: *****0202G m
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Olam’s Q3 profit more than doubles on fair value gain
      561 5  -  $396m earnings include $271 m gain from PureCircle revaluation By ANDREA SOH sandrea@sph.com.sg @AndreaSohBT BOOSTED by exceptional items, Olam International’s earnings for the third quarter more than doubled to $396.1 million from $108.5 million. The results included an exceptional fair
      PHOTO: BLOOMBERG  -  561 words
    • Article
      Lock icon Noble’s Q1 net more than trebles to US$152.3m
      419 5  -  Focus on margin opportunities pays off By ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT COMMODITY trader Noble Group’s net profit more than trebled for the first quarter ended March 2014 to US$152.3 million from a year ago, led by improved margins in its energy and
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    • Article
      Lock icon KrisEnergy posts Q1 net loss of US$18m
      360 5  -  By RONNIE LIM ronnie@sph.com.sg SINGAPORE-LISTED oil and gas firm KrisEnergy has reported a first-quarter net loss of US$18 million, compared with a net loss of US$500,000 a year ago. The jump was due mainly to a one-off recognition of adjustments and costs from
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    • Article
      Lock icon UOL bulk leases: a good or bad strategy?
      1029 7  -  HOCK LOCK SIEW By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT A RECENT long-lease agreement between UOL Group and the Central Provident Fund (CPF) Board has raised an interesting question: Is it better, from a shareholder point of view, for an office landlord to lease
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    • Article
      Lock icon Croesus Retail Trust’s Q3 DPU beats own forecast
      396 7  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT CROESUS Retail Trust, which listed in May last year, posted a third-quar-ter distribution per unit (DPU) of 1.76 cents for the three months ended March 31, 2014, 8 per cent higher than its forecast 1.63 cents. The
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    • Article
      Lock icon Nam Cheong’s Q1 profit doubles to RM71.1m
      292 7  -  Revenue jumps 74% on higher number of vessel deliveries By VIVIEN SHIAO vshiao@sph.com.sg @VivienShiaoBT PROPELLED by the robust momentum in the offshore marine industry, Malaysiabased Nam Cheong yesterday posted first-quarter net profit of RM71.1 million (S$27.6 million), almost double the RM35.8 million a
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    • Article
      Lock icon SIA’s passenger load factor declines to 76.7% in April
      293 7  -  By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT SINGAPORE Airlines’ (SIA) systemwide passenger carriage (in revenue passenger kilometres) last month edged up 0.4 per cent, outpaced by a 1.9 per cent expansion in capacity (in available seat kilometres) which pushed passenger load factor (PLF)
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    • Article, Illustration
      Lock icon Disposal gain boosts Swiber‘s Q1 bottomline
      258 7  -  Higher contributions too from associates in Indonesia, S’pore By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT SWIBER H o ldi n g s s first-quarter net profit more than doubled to US 48 m illi on f rom US$20.1 million a year earlier, owing to a gain
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    • Article
      Lock icon Vallianz secures US$82m contract in Latin America
      208 7  -  By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT OFFSHORE marine solutions provider Vallianz Holdings has made inroads into the Latin-American market through a charter and ship management contract. The Catalist-listed company received a Letter of Award (LOA) for the provision of charter and ship management services
      208 words
    • Article
      Lock icon Ascendas Hospitality Trust DPU for Q4 dips to 1.21¢
      360 8  -  Net property income rises on improved performance of hotels in Australia By CARINE LEE carinel@sph.com.sg @CarineLeeBT ASCENDAS Hospitality Trust (A-HTrust) posted distribution per unit (DPU) of 1.21 cents for the fiscal fourth quarter ended March 31, 2014. The distribution, payable on
      360 words
    • Article
      Lock icon HanKore in the red; Memstar profit dives; Moya profit up
      333 8  -  By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT THREE water companies reported their earnings yesterday for the three months ended March 31, with two of them recording lower earnings. China-based HanKore Environment Technology Group yesterday posted a net loss of 111.9 million yuan
      333 words
    • Article
      Lock icon HLA‘s Q1 profit declines 8.1% to $13.3m
      368 8  -  Margins compression cited; profit expected for next quarter By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT HONG Leong Asia (HLA), the trade and industrial arm of the Hong Leong Group, posted an 8.1 per cent decline in net profit to $13.3 million for the first quarter
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    • Article
      Lock icon Straits Trading returns to the black in Q1
      257 8  -  By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT STRAITS Trading Co swung to a net profit of $5.9 million for the first quarter from a loss of $0.3 million a year ago. It attributed the improvement mainly to higher profits from its resources operations and
      257 words
    • COMPANY BRIEFS
      • Article
        Lock icon Keppel Infrastructure Fund Management gets new CEO
        49 8 KEPPEL Infrastructure Fund Management (KIFM) yesterday named Khor Un-Hun as its new chief executive officer to replace Thomas Pang Thieng Hwi, who will move to Keppel Telecommunications Transportation (Keppel T&T) as its CEO-designate and assume the position of CEO from July 1.
        49 words
      • Article
        Lock icon Yongnam reports Q1 loss of $1.9m on 12.4% drop in group revenue
        61 8 YONGNAM Holdings has reported a loss of $1.9 million for its first quarter on the back of a 12.4 per cent decrease in group revenue to $71.8 million, due to lower contributions from ongoing projects. The group’s order
        61 words
      • Article
        Lock icon Logistics Holdings unit wins $72m HDB contract
        49 8 LOGISTICS Holdings’ construction subsidiary has been awarded a contract amounting to $72 million by the Housing and Development Board (HDB), for building works at Yishun Neighbourhood 5, including the construction of four blocks of HDB flats for 432 dwelling units and amenities.
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      Lock icon Page 5 Advertisements Column 1
      291 5 Enjoy foreign currency time deposit rates as high as -j > j-7% p.a.* *i0 m .rso «lt/ if v»5o JVJfc60 gafe£« •00’ M bO 5Q *3 “V*50 50 50 T ‘•C* 50 50 J'cflsp 50 v*‘ t 0 o<L(L j 5o 5 '50,/ 50 s Enjoy attractive foreign currency time
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon UOB helps ST Index gain 13 pts
      685 6  -  Stock strongly outperforms the other banking peers, soars to highest level in nearly seven years STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent AFTER Wednesday’s 37-point bounce in the Straits Times Index (STI), activity in the local stock market slowed down yesterday. The index
      Source: Bloomberg  -  685 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 6 May 15 VALUE CLOSE BT OB/OS -208.00 +56.00 BT CADI -*****.00 +3.00 BT 10-day MA -*****.00 -20.00 FTSE ST Mid Cap 761.59 +0.88 FTSE ST Small Cap 542.32 +2.33 FTSE ST All Share 795.06 +2.87 FTSE ST China Top 200.52 +1.55 FTSE ST China 230.95 +1.92 FTSE
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    • Article
      Lock icon MOST ACTIVE STOCKS
      59 6 VOLUME WE 102,805,000 HanKore Env 73,623,000 Albedo 70,879,000 Teledata 66,938,000 W Corp 60,539,000 Vallianz 47,825,000 Blumont 44,271,000 HPH Trust USD 39,154,000 Golden Agri-Res 35,536,000 ThaiBev 28,881,000 VALUE($) UOB 115,131,480 OCBC Bank 90,894,397 SingTel 80,580,785 DBS Grp 59,440,130 Wilmar Intl 35,481,395 CapitaMalls Asia 35,171,360 HPH Trust USD 34,666,038
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 2 0 0 0 5 7 2 Manufacturing 40 45 41 8 9 10 48 54 51 Commerce 15 28 20 9 0 5 24 28 25 Tpt/Stor/Comms 14 15 11
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      907 6  -  Compiled by ANDREA SOH CWT Limited May 15 close: S$1.63 DMG Partners Research, May 15 THE logistics services segment, with highest gross profit (GP) margin of 16.6 per cent and 42 per cent share of GP, showed signs of a turnaround after registering a drop in 2013 full-year
      Source: Bloomberg  -  907 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 25,079 25,079 76,076 76,076 Manufacturing 301,814 90,720 392,534 142,065 5,605 147,670 Commerce 58,128 236,582 294,710 61,419 12,860 74,280 Tpt/Stor/Comms 138,644 5,129 143,773 207,906 600 208,506 Finance 57,580 265 57,845 291,769 81 291,850 Construction 43,748 21,232
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      120 6 Stock name Close Change CapitaLand 3.130 CapitaMall Trust 2.030 +0.010 CapitaMalls Asia 2.240 +0.020 CityDev 10.60 -0.200 ComfortDelGro 2.270 +0.060 DBS Grp 16.86 +0.050 Genting Sing 1.340 +0.015 Global Logistic 2.850 +0.030 Golden Agri-Res 0.600 -0.010 HPH Trust USD 0.710 +0.015 HongkongLand USD 6.980 +0.050 JMH
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    • Article, Illustration
      Lock icon Euro hits 11-week low against US$, yen
      493 6 CURRENCIES Bloomberg [LONDON] The euro yesterday fell to the lowest level in 11 weeks against the US dollar and yen after European Central Bank (ECB) vice-president Vitor Constancio said policymakers are prepared to add further monetary stimulus if needed. The euro dropped against
      Bloomberg; PHOTO: BLOOMBERG  -  493 words
    • Article
      Lock icon RISES
      118 6 BY CENTS CLOSE UP DBXT AUD Bonds 5AU$ ***** 142.0 0.6 DBXT USDIGInfl 5US$ ***** 137.7 0.4 DBXT iBoxxUSTr 5US$ ***** 96.4 0.4 DBXT iBoxxKR 5US$ ***** 82.6 0.4 Lyxor Indonesia10US$ 9261 80.1 0.7 DBXT MSKorea 10US$ 6521 65.1 0.8 Lyxor ThaiSET 10US$ ***** 62.6 0.4 UOB 2270 40.0
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    • Article
      Lock icon FALLS
      131 6 BY CENTS CLOSE DOWN SPDR DJIA 10US$ ***** -113.9 -0.5 DBXT EONIA 5US$ ***** -90.1 -0.4 SPDRS S&P 500 10US$ ***** -68.8 -0.3 DBXT AUDCS 5US$ ***** -63.8 -0.3 DBXT iBoxxSvEu 5US$ ***** -56.3 -0.2 DBS Bk 4.7% NCPS 100 ***** -40.0 -0.4 DBXT S&P500 10US$ 3134 -20.0 -0.5
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    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 6 DAILY
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  • Page 7 Advertisements
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      142 7 Singapore Standards Subscription Service 7! ilO- ini V www.singaporestandardseshop.sg/subscription] The Singapore Standards Subscription Service is a new initiative brought to you by SPRING Singapore, the National Standards Body, in collaboration with Toppan Leefung Pte Ltd. This service allows you to subscribe to any number of Singapore Standards at a competitive
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      124 8 Set Your Sights On Being A Winner Submit Your Entry For The Prestigious 2014 E50 Awards Now If you are a homegrown, privately-owned enterprise with three years of audited statements, and have achieved sterling business performance because you had the foresight to focus on the critical aspects of running a
      124 words
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  • SINGAPORE NEWS
    • Article
      Lock icon Uncertainty about S’pore’s economy rises
      465 9  -  20% of respondents now unsure about recovery, up from 3% earlier: survey By SHEENA TAN tsheena@sph.com.sg UNCERTAINTY over Singapore’s economic recovery appears to have crept into the minds of accounting and finance professionals here, according to the latest edition of the Global Economic Conditions Survey.
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    • Article
      Lock icon Hands-on training for data protection officers
      358 9  -  Firms sending staff to e2i programme pay only half of fee By KARA QUEK karaquek@sph.com.sg COMPANIES, which are required by law from July 2 to appoint data protection officers (DPOs), will soon be able to send their selected employees for training to prepare them
      358 words
    • Article, Illustration
      Lock icon Restaurant chain backs Japan in World Cup charity drive
      629 9  -  By MICHAEL CHUA chuamc@sph.com.sg JAPANESE restaurant chain RE&S is going all out to support its motherland in the coming World Cup Finals by “adopting” the country’s team and doing a spot of charity at the same time. The chain, which runs
      PHOTO: ARTHUR LEE  -  629 words
    • Article, Illustration
      Lock icon Mers screenings at airport from Sunday
      527 9  -  Temperature checks on travellers from affected countries By RAPHAEL LIM raphlim@sph.com.sg SINGAPORE has been largely unaffected by the Middle East respiratory syndrome (Mers) coronavirus thus far, but the health authorities here are not leaving anything to chance. Starting Sunday, passengers on flights from affected
      PHOTO: AFP  -  527 words
    • SINGAPORE ROUNDUP
      • Article
        Lock icon Leadership changes to take place in four GPCs
        134 9 FOUR government parliamentary committees (GPCs) will have leadership changes, as Parliament convenes today for a second term. Denise Phua (Moulmein-Kallang GRC) will be chairman of the GPC for Social and Family Development, and Lily Neo (Tanjong Pagar GRC) will be deputy chairman.
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      • Article
        Lock icon Lim Hng Kiang to attend Apec trade ministers meeting
        67 9 MINISTER for Trade and Industry Lim Hng Kiang will attend the Apec Ministers Responsible for Trade (MRT) meeting in Qingdao, China. The meeting, which runs from today to May 18, will discuss the advancement of regional economic integration; promotion of innovative
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Basel III sukuk rush in Malaysia drawing demand
      444 10 Arrangers predict rush of offers as there’s still ample liquidity in system Bloomberg [KUALA LUMPUR] Sukuk sales by Malaysian lenders seeking to comply with Basel III rules are drawing strong demand, prompting arrangers to predict a rush of offers. CIMB Islamic Bank
      Bloomberg; PHOTO: BLOOMBERG  -  444 words
    • Article
      Lock icon New suspects identified in Indonesia graft scam
      268 10 Reuters [JAKARTA] A graft scandal that has engulfed the top levels of Indonesia’s oil ministry widened on Wednesday, with the anti-corrup-tion agency identifying the head of Parliament’s energy committee and a company executive as suspects in the case. The Corruption Eradication Agency (KPK)
      Reuters  -  268 words
    • Article
      Lock icon M’sia expected to beat growth forecasts in Q1
      388 10  -  By S JAYASANKARAN in Kuala Lumpur MALAYSIA’S gross domestic product expansion in the year’s first quarter, which will be released today, could be a lot higher than anyone thinks. Most economists have estimated the figure to be between 4.6 per cent and
      388 words
  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      592 10 PAYMENT DATE FOR CUMULATIVE DISTRIBUTION For the period from 1 October 2013 to 8 April 2014 a-hhrush ascendas hospitality trust A stapled group comprising: ASCENDAS HOSPITALITY ASCENDAS HOSPITALITY REAL ESTATE INVESTMENT TRUST (a real estate investment trust constituted on 13 March 2012 under the laws of the Republic of Singapore)
      592 words
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      Lock icon Page 10 Advertisements Column 2
      275 10 Chil'f 2005-2014 rjlC ALL-STARS EDITION This year, we are celebrating 10 years of ChildAid with you as our stars! Come join the show to raise funds for two worthy children's charities and with a star-studded alumni of ChildAid, many of whom have gone on to become stars of their own.
      275 words
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  • CHINA/INDIA
    • Article, Illustration
      Lock icon Alibaba could be the next banking giant in China
      707 11  -  With Yu’E Bao now top fund manager, it turns to other banking services By VIRGINIE MANGIN in Beijing IS Alibaba, China’s e-com-merce champion, about to revolutionise banking just as it did B2C retailing? The company, which is preparing a much-hyped initial
      PHOTO: BLOOMBERG  -  707 words
    • Article
      Lock icon AIIB launch set to give yuan a further boost
      391 11  -  China-backed bank likely to seek wider use of currency By ANTHONY ROWLEY in Tokyo THE use of China’s yuan may get a boost in and beyond the rest of Asia when the proposed Asian Infrastructure Investment Bank (AIIB), expected to be
      391 words
    • Article
      Lock icon Major exit poll forecasts Modi win
      264 11 Reuters [NEW DELHI] Hindu nationalist Narendra Modi is set to become India’s next prime minister, according to a major exit poll released late on Wednesday, following others in forecasting that his opposition party and its allies could win a parliamentary majority. Mr Modi’s Bharatiya
      Reuters  -  264 words
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      505 11 c Go u rw] i~ Va Proudly Presented by A CELEBRATION OF JAPANESE CULTURE FINE CUISINE 28 APRIL 31 MAY 2014 TASTE JAPAN RESTAURANT LISTINGS Enjoy exclusive offers of 11 Japanese Restaurants! JCB cardmembers will enjoy 1 5% off a la carte menu. a I i MIXOLOGY JAPAN LISTINGS Enjoy
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  • WORLD
    • Article
      Lock icon Fading eurozone crisis is coloured by wishful thinking
      765 12 Portugal is set to emerge from rescue plan tomorrow but faces a steep climb AFP [PARIS] Every sign that stricken eurozone countries, such as Portugal, are on the road to recovery is held up as evidence that the debt crisis is fading,
      AFP  -  765 words
    • Article
      Lock icon France posts zero growth for first quarter
      416 12 AFP [PARIS] The French economy is having a hard time recovering from the recent downturn, turning in zero growth for the first quarter of the year, official data showed yesterday. Against the backdrop of a U-turn on policy by the socialist government to
      AFP  -  416 words
    • Article, Illustration
      Lock icon Jill Abramson is forced out as NYT exec editor
      625 12 Managing editor Dean Baquet named to replace her Reuters [NEW YORK] The New York Times Co on Wednesday abruptly ousted the newspaper’s top editor, Jill Abramson, after less than three years in the job and named managing editor Dean Baquet to
      Reuters; PHOTOS: AFP  -  625 words
    • Article
      Lock icon Switzerland no more a choice destination for businesses
      663 12 Curbs on foreigners, move to adopt highest minimum wage put off companies Bloomberg [ZURICH] Switzerland’s liberal tax and labour laws made it a magnet for companies. Now the country’s open approach to politics is making it a repellent. In the past 15
      Bloomberg  -  663 words
    • Article, Illustration
      Lock icon Online ads from tech giants spreading viruses: US probe
      594 13 Lawmakers asking whether stricter rules are needed to protect consumers Bloomberg [WASHINGTON] The US$43 billion online advertising network built by companies such as Yahoo! Inc and Google Inc is jeopardising consumer privacy and giving hackers an easy path to infect computers,
      Bloomberg  -  594 words
    • Article, Illustration
      Lock icon Thai army chief warns of military intervention
      477 14 Caution against violence comes after interim PM flees from protesters Bloomberg [BANGKOK] Thailand’s army chief warned that the military may need to intervene if there is an escalation of violence linked to the nation’s ongoing political stalemate. The statement from Prayuth Chan-Ocha came
      Bloomberg; PHOTO: EPA  -  477 words
    • Article
      Lock icon Abe to urge boards to improve governance
      509 14 Reuters [TOKYO] Japanese Prime Minister Shinzo Abe is set to outline plans to improve corporate governance as part of an updated economic strategy next month, aiming to overturn Japan’s reputation for neglecting shareholders and salvage his reform credentials. The draft plans, which face
      Reuters  -  509 words
    • Article
      Lock icon April industrial production declines unexpectedly
      301 14 Output at factories, mines, utilities down 0.6%, says Fed LATEST US DATA Bloomberg [WASHINGTON] Industrial production in the US unexpectedly declined in April, held back by a plunge in utilities as temperatures warmed and a broad-based decrease in manufacturing. Output at factories, mines and utilities
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      134 12 Attention Local Business Owners! Breach ourro^ 1.3MILLI0N POTENTIAL ■CUSTOMERS FOR FREE! •Average monthly visitors on STDirectory STDirectory.sg is offering a two-month free trial for an enhanced online directory business listing package to local businesses. This package includes: COMPANY LOGO Display your business logo to represent your company’s brand identity COMPANY
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      3626 13 WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices Skandinaviska Enskilda Banken Head Office: Kungsträdgårdsgatan 8, Stockholm, Sweden BALANCE SHEET 31 December SEB Group 2013 2012 SEKm SEKm INCOME STATEMENT SEB Group 2013 2012 SEKm SEKm Cash and cash balances with central banks 173,950 191,445 Other lending to central banks 9,661
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      1052 14 [«-AT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices > THE BANK OF NEW YORK MELLON The Bank of New York Mellon Corporation (and its subsidiaries) Head Office: One Wall Street, New York, NY *****, U.S.A Singapore Branch: One Temasek Avenue, #02-01 Millenia Tower, Singapore *****2 CONSOLIDATED BALANCE SHEETS (United States
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      2831 15 katc notices Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LUGANO LOGISTICS INVESTMENT PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) COMPANY REGISTRATION NO.: *****4703D FINAL MEETING NOTICE is hereby given pursuant to Section 308 of the Companies Act, Cap.
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      171 15 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE CWU No. 2 of 2014) In the Matter of the Section 254(1)(c) and (i) of the Companies Act (Cap 50) And In the Matter of HOMELY HARDWARE PTE LTD (RCB No. *****8838W) Between 1. HENRY WIDJAJA (NRIC No: S*****11/I) 2. CHAN
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  • EDITORIAL & OPINION
    • Article
      Lock icon Fatca compliance: Banks need to be vigilant
      512 16 EDITORIAL OVER the past 18 to 24 months, financial institutions’ reactions to Fatca, the US Foreign Account Tax Compliance Act, have run the gamut from scepticism to resignation and matter-of-fact compliance. Fatca is the United States’ effort to crack down on American tax
      512 words
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      Lock icon Climate change: We have no solution
      790 16  -  THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group IT would be healthy in the sense of promoting honesty if every report warning of global warming and climate change (the two terms are interchangeable) came with the following disclaimer: Despite our belief that
      The Washington Post Writers Group  -  790 words
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      Lock icon China’s ultra-rich continue to set sights on S’pore
      1011 16  -  They are drawn by favourable tax regime and geographical, cultural proximity to China By MICHAEL PFAAR The writer is the private company services leader and tax partner at Deloitte Southeast Asia OVER the past decade, the Chinese regulatory environment and its administration
      PHOTO: YEN MENG JIIN  -  1,011 words
    • Article, Illustration
      Lock icon Is the value of internal audit on the wane?
      900 17  -  A gap in stakeholder expectations may have opened up in some organisations By RICHARD F CHAMBERS The writer is president and chief executive officer of the Institute of Internal Auditors FIGURES from a recent survey on board member attitudes about the
      PHOTO: YEN MENG JIIN  -  900 words
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      Lock icon Mergers & acquisitions are the next big bubble
      905 17  - Mergers acquisitions are the next big bubble REUTERS BREAKINGVIEWS By ROB COX STOP worrying about the tech bubble there may be an even bigger one inflating beyond the confines of Silicon Valley. The corporate urge to merge has gone into global hyper-drive this year. Deal activity has surged as investors
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    • Article, Illustration
      Lock icon Republicans may overreach politically with Benghazi probe
      794 17  -  LEON HADAR Washington Correspondent SO what is the most important global crisis facing the United States these days? The tensions between the West and Russia over Ukraine? The continuing civil war in Syria? Iran’s nuclear programme? The territorial disputes in the South and
      794 words
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  • PROPERTY
    • Article, Illustration
      Lock icon China firms endure longer wait for payments
      1009 18 This is leading to record amounts of receivables on corporate balance sheets Reuters [BEIJING] As China’s economy continues to cool, companies are waiting longer and finding it harder to get paid for goods and services they’ve already sold, leading to record amounts of
      Reuters; PHOTO: BLOOMBERG  -  1,009 words
  • Page 18 Advertisements
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      660 18 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements The business times CLASSIFIED BUY IT SELL IT FIND IT D04 HOUSE FOR SALE SENTOSA Bungalow Sentosa 3½-Storey 8159 sqft,6+1 ensuite, 2 living, Pool, Lift, Berth. Also for rent. Owner 9144 0027/ 9771 6341 D10 HOUSE FOR SALE BISHOPGATE Brand New Bishopgate.
      660 words
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      151 18 D16 APARTMENT FOR SALE BAYSHORE PARK Single level 3800 sqft. Sea view. Move in condition $9xx psf. View website www.freehold-99.com D20 APARTMENT FOR SALE THE PANORAMA AMK Good Choices of 1-5 bdrms Penthouse. Start Buy Price from $565K for 1-bdrm. 8428 6156 Tng D04 HOUSE FOR RENT 77 OCEAN DRIVE
      151 words
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      1184 19 THE LEADING BUNGALOW SPECIALIST More than 1,000 landed properties available More than $4.9 billion worth of landed property transactions handled In the dark about buying properties? Let REALSTAR light the way for you. HOUSES FOR SALE D09 D10 HOUSES FOR SALE D15 D16 WF n D15 Crescent Road 2.5 Sty
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      Lock icon Page 19 Advertisements Column 2
      182 19 D22 WAREHOUSE FOR RENT CHIN BEE WAREHOUSE Chin Bee Warehouse. B2,10,000 sq ft. $2 psf neg. Available 1 June. View Monday Thursday, 1-3pm. Owner’s Representative, Catherine 9777 3100 D23 FACTORY FOR RENT THE ELITIST $2.30 psf for Rent, $639 psf for Sale. Office/ Warehouse. Bare. The Elitist (Bt Batok). 1012/
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  • AVIATION/SHIPPING
    • Article
      Lock icon SIA Indian venture to fly overseas if allowed
      468 20 Decision to shed restrictions will be left to the next administration Bloomberg [NEW DELHI] Singapore Airlines Ltd’s Indian venture will fly overseas if the South Asian nation’s next government allows carriers that are less than five years old to operate internationally. Aviation
      Bloomberg  -  468 words
    • Article
      Lock icon Reprieve from total ban for Filipino officers on EU vessels
      795 20  -  By ALEC ALMAZAN in Manila THE European Union (EU) has voted not to ban Filipino officers outright from EU-registered ships. This is despite two unsuccessful STCW (Standards of Training, Certification and Watchkeeping) compliance audits by the European Maritime Safety Authority
      795 words
    • Article, Illustration
      Lock icon Sewol capt, 3 crew charged with homicide
      461 20 Reuters [MOKPO, South Korea] The captain and three senior crew members of a South Korean ferry that capsized in April, killing more than 280 passengers, many of them school children, were indicted for homicide yesterday, a senior prosecutor said. Prosecutors also indicted the
      Reuters; PHOTO: REUTERS  -  461 words
    • Article
      Lock icon TRANSPORT STOCKS
      239 20 SGX '000 May 15 S$ +/-Vol Ch Offshore 0.42 unch 104 Chuan Hup Hldg 0.28 -0.01 15 Cosco Corp 0.73 unch 758 Cwt Limited 1.63 0.05 4149 First Ship Lea Grand Banks...............0.25 -0.01 105 Jaya Hold Ltd K1Ventures 0.23 0.03 ***** Keppel Corp 10.65 -0.05 2354 Mercator Lines
      239 words
    • Article
      Lock icon Jet search on hold after trouble with mini-sub
      419 20 Spare parts will be needed before it can be used again AFP [SYDNEY] The hunt for the missing Malaysian passenger jet in the Indian Ocean was put on hold yesterday after technical issues with a US Navy mini-submarine that require spare parts
      AFP  -  419 words
    • Article
      Lock icon Boeing gets US$3.8b order from China airline
      199 20 Bloomberg [HONG KONG] Boeing Co will sell 50 single-aisle 737 jets with a list value of at least US$3.8 billion to a discount carrier being set up by China’s Juneyao Airlines as the government eases controls on low-cost travel. The purchase by Juneyao’s
      Bloomberg  -  199 words
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      43 20 BRIDGING THE GAP How Indian parents here bond with their children in this Internet age ALL PROFITS FROM THESE SISTERS’ STORE IN CHENNAI GO TO GIRLS’ EDUCATION GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      Lock icon Page 20 Advertisements Column 2
      107 20 INTOThe YEAR! th Invest Fair continues to maintain its reputation as the LARGEST local investment exhibition with over 40 local and international exhibitors, over 50 free seminars, over 5 educational workshops and an average of 20,000 visitors over the weekend. 2nd-3rdAUG 2014 SINGAPORE suntec CONVENTION EXHIBITION CENTRE Malaysia MID Valley
      107 words
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  • Article, Illustration
    Lock icon SHIPPING TIMES
    2234 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
    2,234 words
  • Page 21 Advertisements
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      160 22 mporters coking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE
      160 words
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4028 23 Transaction date: May 15 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 97.5 69 ABR 20 4 A-Sonic Aero Div Gr Yld Net M Cap 11.6 6.7 AIMS Property 11.3
      4,028 words
    • Article
      Lock icon SGX CATALIST
      436 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 35 23 t 3Cnergy 500 Last Vol Day 1.9 0.9 t Advanced Systems 0.9 unch 404 0.9 0.9 0.9 1 17.5 Last Quote Div
      436 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11420 24 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FuncTCI A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** 1.21/ Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond Asian Smaller Cos! China Opportunities! 1 9746/ 2.8214/ EM Local Ccy Bond 0 9207/ European Opportunities!" 1
      11,420 words
    • Article
      Lock icon GLOBALQUOTE
      249 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 62 40 AVJennings A52 -2.5 8 52 52 54 57 3.6 6.7 4.2 192.5 Last 328 191 TanChongInt HK322cd +7 225 323 320 322 323 9.7 3.3
      249 words
    • Article
      Lock icon SGX ETF
      1100 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 $mil 119.8 108.3 ABF SG Bond ETF Last 143 119 CIMB APAC Div 100S$D 131.2 129.9 132.5 108.9 94 CIMB APAC Div 100US$ US104.7 +0.1 104.7 104.7
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      667 25 May 15 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.51 *****.36 *****.27 Jun14 *****.00 *****.00 *****.00 *****.00 ***** *****0 Sep14 *****.00 *****.00 *****.00 *****.00 2 8666 MSCI TAIWAN INDEX FUTURES SPOT 317.33 318.77 316.75 May14 318.50 319.00 317.20 318.40 ***** *****8 Jun14 318.50
      667 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 25 In local curr In S$ In US$ dy yr dy yr dy yr May 14 Index Change Change Change Change Change Change World Preliminary 1206.2 0.0 1.8 -0.2 1.2 0.0 2.2 EAFE Preliminary 961.6 0.1 0.6 0.0 0.7 0.2 1.7 Europe Preliminary 1402.0 0.1 3.5
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 25 May 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.018 5.840 0.686 7.268 55.618 107.313 0.956 9.611 3.022 1.080 92.452 40.926 1.174 9.673 0.837 28.288 30.383 0.560 0.938 Canada 0.982 5.735
      471 words
    • Article
      Lock icon SIBOR
      31 25 May 15 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 1 mth ..0.***** Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      82 25 May 15 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.38 5-Year NX*****W 2.5 01-Jun-19 105.9 106.00 106.00 10-Year NX*****H 2.750 01-Jul-23 104.07 104.18
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    • Article
      Lock icon PRECIOUS METALS
      137 25 May 15 GOLD(US$/oz) May 15 May 14 Hong Kong 1308.00 1305.00 May 14 May 13 London 1305.20 1296.60 1305.85 1297.45 Source: Thomson Reuters CAST BAR May 15 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 79 50 5gm 314 259 10gm 585 521
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    • Article
      Lock icon PALM OIL
      53 25 May 15 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 14 2672.0 1343 Jun 14 2643.0 2644.0 2663.0 2643.0 2339 ***** Jul 14 2604.0 2607.0 2630.0 2603.0 ***** ***** Aug 14 2593.0 2594.0 2615.0 2590.0 8235 *****
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 25 May 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1733 1.1739 0.9374 0.9378 Canadian dollar 1.1523 1.1530 0.9211 0.9206 Euro 1.7117 1.7121 1.3675 1.3677 NZ dollar 1.0860 1.0864 0.8676 0.8679 Sterling pound 2.0952 2.0958 1.6739 1.6742
      155 words
    • Article
      Lock icon CHICAGO BOT
      109 25 May 14 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 14 1496.25 1502.25 1503.75 1486.00 Jul 14 1486.75 1483.75 1489.50 1467.00 Aug 14 1416.00 1415.50 1420.00 1399.75 Sep 14 1277.00 1276.75 1281.75 1264.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 14
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    • Article
      Lock icon LIFFE
      94 25 May 14 COCOA (£/tonne) Close Prev High Low May 14 1794 1812 1804 1790 Jul 14 1812 1813 1814 1804 Sep 14 1819 1820 1820 1811 Dec 14 1823 1822 1823 1814 COFFEE(US$/tonne) Close Prev High Low May 14 2095 2096 2092 2089 Jul14 2091 2098 2099 2072 Sep
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1093 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 3 0.8 4 0.3 1 -54 4.49 50 Asia-Pacific Strategic W*****6 Ratio Asia-Pacific Strategic W*****6 1 0.3 30 605 13.48 0 Price Albedo Limited W*****9 Disc Asiatic Grp(Hldgs)
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 25 CRUDE OIL PRODUCTS May 14 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.39 1.08 WTI (Near Mth) 102.15 0.41 Dubai (1-Mth F) 104.96 1.09 Tapis blend 112.80 1.13 Minas 109.50 1.13 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.56 0.78 Jet Kerosene 120.11 0.69 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 25 May 15 S$ Bid Offer 1-month 1.2517 1.2518 2-months 1.2517 1.2518 3-months 1.2517 1.2518 6-months 1.2515 1.2516 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      66 25 May-14 May-14 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1765.75 1736.75 3 months 1809.00 1781.00 Copper, Grade A(US$/tonne) Cash 6976.00 6887.00 3 months 6920.00 6845.00 Lead(US$/tonne) Cash 2135.50 2099.25 3 months 2158.00 2122.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 25 As at 9am May 15 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.198 1.141 Can dollar 1.170 1.125 Euro 1.754 1.671 Sterling pound 2.136 2.054 NZ dollar 1.108 1.066 US dollar 1.275 1.215 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      157 25 May 15 $S Offer Bid 0vernight 0.06 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.06 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12
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  • executive lifestyle
    • Article, Illustration
      Lock icon Art Basel HK’s mega-draw
      1682 26  -  Asia’s biggest art fair brings on the bling with more than US$1 billion worth of valuable art by top galleries going on sale, reportsHELMI HELMI YUSOF H ELINA Chan can barely contain her excitement. “We’ve sold six artworks and there are 10 that have been put
      PHOTOS: HELMI YUSOF  -  1,682 words
    • CINEMA
      • Article, Illustration
        Lock icon Sex and loneliness in Hong Kong
        515 27  -  By HELMI YUSOF helmi@sph.com.sg AT Connecting Space, an art venue in Hong Kong, there are several videos showing ordinary people talking about their not-so-or-dinary sexual experiences. In one video, a Hong Kong woman confesses she didn’t enjoy sex until she started charging her husband
        PHOTOS: HELMI YUSOF  -  515 words
      • Article, Illustration
        Lock icon Paean to grand old Rome
        496 27  -  By GEOFFREY GEOFFREY EU ONCE in awhile, along comes a movie that not only has something interesting to say, but also says much about itself while doing so. The Great Beauty (La Grande Bellezza) is director Paolo Sorrentino’s love letter to Rome, a city that
        PHOTO: EUROPEAN UNION FILM FESTIVAL  -  496 words
      • Article, Illustration
        Lock icon Off-key rendering of race-against-time thriller
        453 27  -  By JAIRA KOH jairakoh@sph.com.sg WHEN the biggest concern of the piano-playing protagonist you’re watching isn’t so much the note he’s afraid of fumbling, but the literal bullet that the mistake will earn him, you know you’re in for a nail-biting edge-of-the-seat thriller. Grand Piano is
        PHOTO: SHAW  -  453 words
      • Article, Illustration
        Lock icon Famous art collectors demystified
        458 27  -  By helmi@sph.com.sg HELMI YUSOF helmi@sph.com.sg IN most Asian countries, there is little infrastructure supporting the arts communities. Hence, many artists rely on generous patrons for survival. In the case of visual arts, artists typically sell their works to wealthy collectors who gradually become influential players in
        458 words
    • CINEMA/MUSIC
      • Article, Illustration
        Lock icon 2Cellos rock the classical groove
        660 28  -  YouTube success story, 2Cellos, appear to be clean-cut but are actually closet headbangers, writes DYLAN TAN writesDYLAN writesDYLAN TAN FAIRY tales can’t get any better than this; when Luka Sulic and Stjepan Hauser posted their cel-lo-only instrumental version of Michael Jackson’s Smooth Criminal on YouTube
        PHOTO: SMALLZ & RASKIND  -  660 words
      • Article, Illustration
        Lock icon The ups and downs of being a gigolo
        481 28  -  By DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT A MAN decides to pimp his friend on a whim and faster than you can say Deuce Bigalow, the crass male prostitute played by Rob Schneider in the critically panned but commercially successful comedy duology of the
        481 words
      • Article, Illustration
        Lock icon Top livewire comedian is serious about his art
        560 28  -  By DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT DON’T worry if you haven’t heard of Jeff Dunham and never mind he’s just one of the world’s top-grossing comedy acts and at one time, ranked just behind Jerry Seinfeld and Chris Rock; his YouTube videos have
        560 words
      • Article, Illustration
        Lock icon Godzilla reboot a CGI colossus
        627 28  -  By GEOFFREY EU GODZILLA, the monster that only a mother (and millions of devoted B-movie fans) could love, is back for a big-budget Hollywood reboot 60 years after first towering over the Tokyo skyline and giving lizards everywhere a bad name. It’s a welcome return
        627 words
    • ARTS
      • Article, Illustration
        Lock icon Biennale’s art trove on show
        825 29  -  The Biennale des Antiquaires will show the Wallace cut by HK-based jeweller Wallace Chan, writes RACHEL LOI writesRACHEL writesRACHEL LOI rachloi@sph.com.sg HE may be the president of the Syndicat National des Antiquaires (SNA) organisers of the Biennale des Antiquaires in Paris but when Christian Deydier
        PHOTOS: BIENNALE PARIS  -  825 words
      • Article, Illustration
        Lock icon Mining rich vein of life experiences
        507 29  -  By RACHEL LOI rachloi@sph.com.sg EVERYONE knows it takes a lot of courage to open yourself up to someone and be honest about how you feel. And even more to dig into your past, to examine how you handled people and situations in your life.
        PHOTO: JOEL LIM @ CALIBRE PICTURES  -  507 words
      • Article, Illustration
        Lock icon High jinks in high office
        542 29  -  By RACHEL LOI rachloi@sph.com.sg WHAT would you do, if the fate of the country you govern rested in your ability to provide a rich foreigner with three callgirls of his choice? According to Jim Hacker, Prime Minister of Great Britain in the satirical comedy play
        PHOTO: BRITISH THEATRE PLAYHOUSE  -  542 words
      • Around Town
        • Article, Illustration
          Lock icon Exhibitions
          280 29 Spurious Landscapes: After decades of travelling and observing, Malaysian-born Singa-pore-based photographer and filmmaker, Sherman Ong, presents an exhibition with themes of origin and migration. Most images capture bare and surreal land and cityscapes, with sparse human and animal activity. Spurious Landscapes runs till May 30 at the Art Plural
          280 words
        • Article
          Lock icon Stage
          111 29  -  By CHEW HUI-YAN, GEORGINE VERANO hychew@sph.com.sg gverano@sph.com.sg Pete Murray Live In Singapore: Catch Australian singer-songwrtier Pete Murray for one night only as he performs for the first time in Singapore. Since he began his career in 2003, the rugby star turned award-winning singer has four albums under his belt.
          111 words
        • Article, Illustration
          Lock icon Pick of the Week
          185 29 >Makan Matters: Join the Chemistry design team as they imagine the future of Singapore’s food culture. From “Tehspresso” machines to chicken rice nuggets and a parody of the penal code banning the use of “da bao” containers, Makan Matters adopts a tongue-in-cheek approach to get people
          185 words
    • ARTS/PURSUITS
      • Article, Illustration
        Lock icon Malaysians pump up the tempo
        1180 30  -  The Singapore-Malaysia platform for arts exchange, Causeway Exchange, enters its fifth year and this year, brings in Malaysian acts into four venues in Singapore, in June. Meanwhile, the Singapore representation in Penang’s George Town Festival, under the sophomore outing, Sin-Pen Colony, will put up a
        PHOTO: LEE WUSHU ARTS THEATRE  -  1,180 words
      • Article, Illustration
        Lock icon Celebrating similarities across the Straits
        821 30  -  By CHEAH UI-HOON uihoon@sph.com.sg WHEN George Town Festival director Joe Sidek wanted to produce a site-specific play for this year’s festival, he commissioned Singapore actor and long-time collaborator Tan Kheng Hua to produce it. The original concept and idea was a play about old rich
        PHOTO: GEORGE TOWN FESTIVAL  -  821 words
      • Article
        Lock icon Singapore makes presence felt in George Town fest
        378 30  -  By CHEAH UI-HOON uihoon@sph.com.sg SINGAPORE artists have been involved with the four-year-old George Town Festival (GTF) since its first year, but this year’s presence is also its most creatively mul-ti-disciplinary to date A new culinary experience has been added to music, food,
        378 words
      • Article, Illustration
        Lock icon Meeting of minds of master chefs
        582 30  -  By DEBBIE YONG debyong@sph.com.sg IF you’ve never had the chance to make it to the annual gastronomy glut that is the Relais Chateaux Grands Chefs dinner abroad, you can now have a teaser of it right on our very shores. For two nights only
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        474 30  -  By GEORGINE VERANO gverano@sph.com.sg THE word “musketeers” brings to mind sword wielding men with feathered hats on horses but Aymeri de Montesquiou d’Artagnan, descendant of Charles dit d’Artagnan, the hero of The Three Musketeers, says that while musketeers of today partake of safer activities (“We dont
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      136 31 Concentrated watercolors, water-based acrylics, and water "S *0 V Everywhere is Art Simply look a little deeper That is what artists do. They look beyond the expected, often finding inspiration in surprising places. At UBS, we apply a similar kind of attitude to everything we do. It is through this
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      372 31 CRYPTIC CROSSWORD Across 1 Ancient spoils put back in compartment in state of abeyance (4,7) 8 Country workers courageous folk on field wearing gloves? (11) 11 Eddy left trailing behind dog (4) 12 Water course burst finally on to meadow (4) 13 A social event collects very little money up
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      207 32 Audi Vorsprung durch Technik i jD When superior instinct Leads, perfection follows. The new Audi AS. The Art of Progress. A drive for distinction. A hunger for the extraordinary. These are the hallmarks of superior instinct. The instinct that has Led to every innovation found in the new Audi A8.
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