The Business Times, 23 May 2014

Lock icon This issue may only be viewed from the multimedia stations at NLB Libraries. See FAQ for more information.

Microfilm: NL33139
Total Pages: 44
1 44 The Business Times
Page thumbnail Page 1
  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, May 23, 2014
    25 words
  • Article, Illustration
    Lock icon Thai army stages coup after six-month political stalemate
    669 1 Bloomberg [BANGKOK] Thailand’s powerful army chief took control of the country yesterday and suspended the Constitution after a sixmonth crisis that has sapped economic growth and caused political paralysis, staging the military’s 12th coup since 1932. Two days after declaring martial law
    Bloomberg; PHOTO: REUTERS  -  669 words
  • Article, Illustration
    Lock icon Focus falls on rail after bus overhaul
    710 1  -  SMRT shares up as market bets on same revamp for train operators By SAMUEL EE samuelee@sph.com.sg [SINGAPORE] With the revamp of the public bus sector announced and digested, the focus now has shifted to rail, with SMRT Corp shares getting a boost from
    Source: Bloomberg  -  710 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,265.66 (+3.88) GST INDEX FUTURES 3,266.00 (+4.00) HSIMSCI 371.59 (-0.08) GSIMSCI FUTURES 372.10 (+0.60) US$ S$ US$ (S$ per US$) 1.251 (US$/S$ per 1.691 2.116 EURO (US$/S$/€ 1.368 1.711 Foreign currency per US$ S$ YEN 101.60 81.20 RM 3.208 2.564 HK$ 7.753 6.197 BAHT 32.39 25.89 RUPIAH
      65 words
    • Article
      Lock icon MARKETS
      48 1 Thursday Change KL COMP 1,875.12 -1.91 NIKKEI 225 14,337.79 +295.62 HANG SENG 22,953.76 +117.24 SET INDEX 1,405.21 +2.29 JAKARTA COMP 4,969.88 +59.59 MANILA COMP 6,830.58 +68.20 SEOUL COMP 2,015.59 +7.26 SHENZHEN B 811.74 +1.37 MUMBAI IND 24,374.40 +76.38 12noon EDT Change DOW 16,551.26 +18.20 NASDAQ 4,157.91 +26.37
      48 words
    • 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
      23 words
  • Page 1 Advertisements
    • Advertisement
      Lock icon Page 1 Advertisements Column 1
      191 1 PROPERTY HUDC estate in Hougang privatised PAGE 32 WINE Great pleasure from inexpensive wines PAGE 43 CONSTRUCTION SECTOR BCA on a re-branding campaign PAGE 4 EXEC LIFESTYLE Can ‘affordable art’ be a good investment? PAGE 39 Read Boardroom Matters, a series of articles from the Singapore Institute of Directors on
      191 words
    • Advertisement
      Lock icon Page 1 Advertisements Column 2
      4 1 8"***** I 11 *****4
      4 words
Page thumbnail Page 2
  • TOP STORIES
    • Article, Illustration
      Lock icon China May factory output highest in 5 months: survey
      722 2 But HSBC PMI of 49.7, while up from April’s 48.1, is still below growth level Reuters [BEIJING] China’s factory sector turned in its best performance in five months in May, a preliminary HSBC survey showed yesterday, though overall manufacturing growth still
      Reuters; PHOTO: REUTERS  -  722 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      488 2 Focus falls on rail after bus overhaul WITH the revamp of the public bus sector announced, focus has shifted to rail, with SMRT shares getting a boost from speculation the government may assume ownership of its rail assets. FRONT PAGE Thai army stages coup after six-month political stalemate
      488 words
    • Article
      Lock icon BCA plans makeover for building industry
      757 4  -  Aim is to attract more women and locals to take up careers in the sector By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT [SINGAPORE] The Building and Construction Authority (BCA) is on a charm offensive. It wants to remake the built-environment (BE) sector and lure more women
      757 words
    • Article
      Lock icon PM Lee paints possible Asia scenarios
      1168 4  -  By ANTHONY ROWLEY in Tokyo WAR in Asia is “not impossible” if escalating regional tensions are not managed responsibly, Singapore Prime Minister Lee Hsien Loong suggested yesterday while delivering the keynote speech at a conference on the future of Asia organised in Tokyo by
      1,168 words
    • Article, Illustration
      Lock icon Tokyo to unveil plan to trim corporate tax next month
      559 4  -  BY LEE U-WEN |eeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] Japan is determined to slash its corporate tax rate and the government will outline its plans to do so by next month, a top official said yesterday. Yasutoshi Nishimura, Senior Vice-Minister for Economic and
      559 words
  • Page 2 Advertisements
    • Advertisement
      Lock icon Page 2 Advertisements Column 1
      231 2 APARTMENTS R R Y L R E S I D Beijing 1 Shanghai Singapore A K E E S I D E N C E m A 44 r 1 m First Serviced Apartments Block to win the BCA Green Mark Platinum Award in 2012 and Recertified in 2014 At
      231 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      139 3 i d I ■md s ;,>7 ,r. .;iK!yv., .v WMmWtd-. A X§h.m i i fe mam m C55 V," i V '1 .'c- v /y :ig 'o.’v>v v -V#g,vi ’r ,f*p A a-: *5 •B 35-? ■o r av\l A, ••V A -'/> V: Vi'fete'-V /\1 g.'-W -:;W/ o o
      139 words
Page thumbnail Page 4
  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      237 4 We Can Do it! an Do it! Building and Construction Authority (BCA) looking to transform the built environment sector and attract more women Transformation of the built environment sector Better work environment Better HR practices Opportunities growth Exciting careers Safer cleaner site conditions Flexible working hours Employing advanced construction technologies
      237 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Lock icon Page 4 Miscellaneous Column 1
      42 4 h'M $5 Million Anniversary Draw Group 1 Prize snowballed to QSf $5,728,292 Draw on Fri, 23 May 2014 at 9.30pm For details, visit www.singaporepools.com.sg P L A V& Always play with care. responsibly] Do not bet illegally. RGB Reg No: *****0202G m
      42 words
Page thumbnail Page 5
  • COMPANY NEWS
    • Article
      Lock icon SATS Q4 profit slides 7.8%
      540 5  -  Weaker revenue, lower contributions from associates, JVs hurt bottom-line Reports by NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT AIRPORT services provider SATS’s net profit slipped 7.8 per cent from a year earlier to $42.6 million for the fourth quarter ended March 31, 2014, on the back of weaker
      540 words
    • Article
      Lock icon SATS: Why it pulled out of SCC deal
      273 5 SATS’ decision against going ahead with the $110 million acquisition of the Singapore Cruise Centre (SCC) a decision it made jointly with Temasek Holdings was based on developments in the Asian cruise market, its chief executive Alex Hungate has said. SATS had
      273 words
    • Article
      Lock icon S’pore investors most concerned about health care
      493 5  -  By GENEVIEVE CUA gen@sph.com.sg POOR health in old age is the topmost concern among Singapore investors, followed by unaffordable healthcare costs, a survey by Manulife Financial has found. The third biggest worry is the inability to maintain their current standard of living. The
      493 words
    • Article
      Lock icon GIC eyes Brazil’s corporate sector
      443 6  -  It says depressed valuations in Brazil present buying opportunities By SIOW LI SEN lisen@sph.com.sg GIC sees opportunities in Brazil’s corporate sector, signalling its long-term commitment to the country and Latin America with the opening of its office in Sao Paulo this month. Lim Chow Kiat,
      443 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      733 6  -  Compiled by KENNETH LIM Land Transport Maybank Kim Eng Research, May 22 THE Land Transport Authority (LTA) yesterday announced restructuring of the public bus industry to a “government contracting model” which will be phased in starting from H2 2014. The restructuring will raise service standards by increasing competition.
      Source: Bloomberg  -  733 words
    • Article
      Lock icon More punch for SGX’s queries, trade with caution warnings
      733 6  - More punch for SGX’s queries trade with caution warnings HOCK LOCK SIEW By R SIVANITHY sivan@sph.com.sg @RSivanithyBT IT is slightly more than two months since Singapore Exchange (SGX) introduced its “Trade With Caution” (TWC) warning notifications, which are sometimes issued when companies are unable to explain odd activity in their
      733 words
    • Article
      Lock icon Manhattan in $1b deal to acquire mining firm Singxin
      481 9  -  Acquisition to let it embark on business in China’s mineral mining industry BY LEE MEIXIAN |eemx@sph.com.sg @LeeMei><ianBT MANHATTAN Resources has signed a conditional agreement to acquire Singxin Resources for $1 billion through the issue of up to 1.37 billion new shares
      481 words
    • Article
      Lock icon Hope for ailing JES Int’l as it wins big ship contracts
      384 9  -  By ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT THE good times may be starting for Chinese shipbuilder JES International Holdings, which has been dogged by bad news in recent months. The mainboard-listed firm said its wholly-owned Jiangsu New East Marine Engineering Co
      384 words
    • COMPANY BRIEFS
      • Article
        Lock icon OKP unit clinches $50.6m job from PUB
        67 9 INFRASTRUCTURE and civil engineering firm OKP Holdings’ wholly owned subsidiary secured a $50.6 million contract from PUB, the national water agency, to construct a canal underneath the road and road-raising works at the Tanglin and Kim Seng Road areas. The contract, over a
        67 words
      • Article
        Lock icon KS Energy bags US$60m contracts
        108 9 KS Energy has secured drilling contracts worth more than US$60 million as a result of contract extensions awarded to subsidiaries of its 80 per cent owned unit, KS Drilling. The charter of the group’s 300-feet jack-up drilling rig to Belayim Petroleum Company has been extended
        108 words
      • Article
        Lock icon Magnus key executive steps down
        113 9 MAGNUS Energy Group is the latest in the string of firms under a Commercial Affairs Department probe to be hit by the resignation of a key executive. The firm said yesterday that Koh Teng Kiat, whose passport was impounded by CAD which is investigating possible
        113 words
    • Article
      Lock icon Global Oil 57 signs deals worth US$20b
      232 9  -  By RAPHAEL LIM raphlim@sph.com.sg SINGAPORE-based oil and gas trading and project management company Global Oil 57 yesterday unveiled deals worth more than US$20 billion, with two partners Al Qudra Marketing Business Services and China’s Ocean Century Energy group (OCE). Al Qudra will provide
      232 words
  • Page 5 Advertisements
    • Advertisement
      Lock icon Page 5 Advertisements Column 1
      204 5 O N> V HexacubeO o J .1.1 mj ,£ja* ,t *3p* dh. SfcE ft r- -'TTT. 1’ f iM r my .f 523 A tSMSte-- V WM i V i p* 1 i* 1 Pan Island Expressway (P.I.E) to Raya Lebar Interchange Bus Eunos Interchange ■i f o Premium commercial
      204 words
Page thumbnail Page 6
  • Page 6 Advertisements
    • Advertisement
      Lock icon Page 6 Advertisements Column 1
      1213 6 Report of the Statutory Auditor on the Consolidated Financial Statements to the General Meeting of Shareholders of Bank Julius Baer Co. Ltd. Consolidated Balance Sheet Bank Julius Baer Co. Ltd. Consolidated Income Statement 31.12.2013 31.12.2012 Assets CHF 1,000 CHF 1,000 Cash 9,561,718 9,150,215 Due from banks 12,784,222 7,425,978 Loans 25,415,108
      1,213 words
Page thumbnail Page 7
Page thumbnail Page 8
  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Revamp puts transport stocks in play
      636 8  -  An otherwise quiet session sees ST Index trading within a narrow band STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE government’s revamp of the local transport sector provided the main spark in an otherwise tepid session for the local stock market yesterday. The Straits
      Source: Bloomberg  -  636 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 May 22 VALUE CLOSE BT OB/OS -24.0 +118.0 BT CADI -*****.0 +18.0 BT 10-day MA -*****.00 -2.00 FTSE ST Mid Cap 766.76 -0.89 FTSE ST Small Cap 543.76 +1.49 FTSE ST All Share 794.86 +0.70 FTSE ST China Top 200.52 -0.51 FTSE ST China 229.86 -0.65 FTSE
      77 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      59 8 VOLUME APAC Strategic 78,651,000 Armarda 65,500,000 Amplefield 49,650,000 Charisma Energy 47,996,000 LCD Global Inv 41,024,000 Golden Agri-Res 37,764,000 Vallianz 37,235,000 SMRT 35,651,000 RH PetroGas 35,366,000 SIIC Environment 33,671,000 VALUE($) CapitaMalls Asia 69,755,520 DBS Grp 54,461,109 SMRT 51,075,837 Global Logistic 47,965,770 UOB 39,208,870 SingTel 31,366,770 RH PetroGas 29,261,425
      59 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 5 5 0 0 0 5 5 5 Manufacturing 48 42 42 10 6 9 58 48 51 Commerce 19 17 20 2 5 4 21 22 24 Tpt/Stor/Comms 17 11 9
      186 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 29,370 29,370 59,079 59,079 Manufacturing 270,339 72,766 343,105 141,076 6,873 147,949 Commerce 63,520 84,477 147,997 78,124 8,557 86,681 Tpt/Stor/Comms 136,701 581 137,282 185,639 66 185,705 Finance 19,748 266 20,014 131,473 77 131,550 Construction 37,933 64,185
      123 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      117 8 Stock name Close Change CapitaLand 3.180 +0.040 CapitaMall Trust 2.030 -0.010 CapitaMalls Asia 2.350 CityDev 10.380 +0.040 ComfortDelGro 2.250 -0.050 DBS Grp 16.960 -0.040 Genting Sing 1.330 Global Logistic 2.770 -0.030 Golden Agri-Res 0.585 +0.015 HPH Trust USD 0.710 HongkongLand USD 6.950 -0.060 JMH 400 USD
      117 words
    • Article, Illustration
      Lock icon Euro recovers from lows; yen declines
      522 8 CURRENCIES Reuters [LONDON] Robust expansion in Germany and the eurozone’s private sector helped the euro recover from recent lows yesterday, although growing expectations that the European Central Bank will ease monetary policy next week kept gains muted. Earlier, better-than-expected Chinese data saw the safe-haven
      Reuters; PHOTO: BLOOMBERG  -  522 words
    • Article
      Lock icon RISES
      122 8 BY CENTS CLOSE UP SPDR DJIA 10US$ ***** 201.4 1.0 SPDRS S&P 500 10US$ ***** 177.6 0.8 JMH 400 USD 6090 163.8 2.2 DBXT Nifty 10US$ ***** 155.1 1.0 Lyxor ThaiSET 10US$ ***** 155.1 1.0 Lyxor Indonesia10US$ 9196 137.6 1.2 DBXT AUDCS 5US$ ***** 77.5 0.3 Lyxor AsiaCS 10US$
      122 words
    • Article
      Lock icon FALLS
      129 8 BY CENTS CLOSE DOWN DBXT iBoxxUSTr 5US$ ***** -46.3 -0.2 DBXT EONIA 5US$ ***** -25.0 -0.1 DBXT USDIGInfl 5US$ ***** -25.0 -0.1 DBXT FTVietnam 10US$ 2634 -21.3 -0.6 DBXT S&P Short 10US$ 2491 -20.0 -0.6 Haw Par Corp 859 -13.0 -1.5 IS Asia BND 100US 1048 -12.5 -0.9 SATS
      129 words
    • Article, Illustration
      Lock icon FTSE ST CATALIST INDEX
      5 8 DAILY
      5 words
  • Page 8 Advertisements
    • Advertisement
      Lock icon Page 8 Advertisements Column 1
      115 8 MM PICKING UP SHARES IS EASY WITH IG" m m CHOOSE FROM OVER 6000 GLOBAL SHARE CFDs Trade a wide range of share CFDs from multiple exchanges, or deal directly into the exchange with Direct Market Access, all conveniently on one platform. Find out more at our storefront office on
      115 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      204 9 Saxo client number: ***** 19.05 Singapore Turn your trade ideas into action Stock Options now available on SaxoTrader Now, with the addition of Single Stock Options on our award-winning platform*, hedge your risk and execute your equity strategies with more possibilities. Apply for an account at saxomarkets.com.sg/stockoptions FX I CFDS
      204 words
Page thumbnail Page 10
  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Italian group MZB acquires local brand Boncafé for US$85m
      552 10  -  Sale includes Thai and S’pore roasting plants; buyer to retain management BY MINDY TAN tanmindy@sph.com.sg @MindyTanBT LOCAL coffee brand Boncafé is the latest in a string of iconic local brands to be bought over by a foreign company. Earlier this week,
      FILE PHOTO  -  552 words
    • Article
      Lock icon Rule changes, new system ‘moderating bidding for EC sites’
      913 10  -  CDL-TID and JBE top bidders for two EC plots in Yishun HOUSING By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT THE result of the latest state tender for two adjoining Yishun plots near a golf course and reservoir reflects a moderation in executive condominium
      913 words
    • Article
      Lock icon HDB selling 6,454 BTO and SBF flats
      591 10  -  BTO flats in 2 non-mature towns while SBF units are in various locations By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT THE Housing Development Board (HDB) is rolling out 6,454 flats for sale this month in both mature and non-mature estates under its Build-To-Order (BTO) and
      591 words
    • Article, Illustration
      Lock icon Proposals made to reward NSmen more
      510 10  -  Panel also suggests setting up an SAF Volunteer Corps By LEE U-WEN By leeuwen@sph.com.sg@LeeUwenBT NATIONAL Servicemen (NSmen) could soon get more monetary awards if a slew of proposals put forth by a high-level panel are eventually accepted by the government. The Committee to Strengthen
      510 words
    • Article
      Lock icon NTUC launches Future Leaders Mentorship event
      403 10  -  By JAIRA KOH By jairakoh@sph.com.sg NTUC yesterday launched its Future Leaders Mentorship programme, which brings together groups of 10-15 NTUC members and top corporate executives for discussion and learning in a casual setting. The first of these costfree sessions will take place in July.
      403 words
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Lock icon Page 11 Advertisements Column 1
      173 11 Munich Automobiles munichauto.com.sg The Ultimate Driving Machine a* TT BMWX5 M50d s 4 740Nm of torque Most powerful 6-cylinder diesel engine in the world UPHILL CLIMB BMW TRI-TURBO DIESEL ADRENALINE RUSH. Adrenaline upon ignition. The rush of acceleration and immense power as the increased torque kicks in. These are some
      173 words
Page thumbnail Page 12
  • MALAYSIA
    • Article, Illustration
      Lock icon M’sia inflation eases in April but banks still forecast rate hike
      561 12  -  Bank of America Merrill Lynch and Barclays see BNM raising rates from 3% to 3.5% by year-end By S JAYASANKARAN in Kuala Lumpur AT least two banks have predicted that Malaysia’s central bank will raise interest rates by 50
      561 words
    • Article
      Lock icon Firm sues Johor govt, Petronas over land acquisition
      783 12  -  By S JAYASANKARAN in Kuala Lumpur A UNIT of gaming, property and plantation conglomerate MPHB the former Multi-Purpose Group has filed a suit against the Johor government and Malaysia’s national oil company Petronas claiming that the defendants had “illegally acquired” 2,841 acres
      783 words
    • Article, Illustration
      Lock icon Mahathir to revive ailing Proton
      576 12  -  By PAULINE NG By in Kuala Lumpur The appointment of former prime minister Mahathir Mohamad as non-executive chairman of Proton Holdings has raised eyebrows, and many are wondering how he hopes to revive the ailing carmaker. The 88-year-old, under whose watch the national car project
      PHOTO: AFP  -  576 words
    • Article
      Lock icon M’sia tightens rules on bai inah deals
      556 12 It signifies Islamic banking standards in the Gulf and M’sia are slowly converging Reuters [KUALA LUMPUR] Malaysia’s Securities Commission has tightened rules on bai inah, a popular but divisive Islamic financing contract, in a fresh sign that standards in the world’s two main
      Reuters  -  556 words
  • Page 12 Advertisements
    • Advertisement
      Lock icon Page 12 Advertisements Column 1
      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
      134 words
Page thumbnail Page 13
  • CHINA/INDIA
    • Article
      Lock icon Slowing Chinese economy in adjustment period
      326 13  -  It should regain stability by 2016, says economist BY KARA QUEK karaquek@sph.com.sg [SINGAPORE] The slowing of the Chinese economy is representative of a period of adjustment in the system, and the economy should regain stability in two years from now, a leading Chinese economist
      326 words
    • Article, Illustration
      Lock icon Reserve Bank of India eases gold import rules
      373 13 Reuters [MUMBAI] India’s central bank eased tough gold import rules on Wednesday by allowing seven more private agencies to ship the precious metal, a move that industry officials say could augment supplies and reduce premiums in the peak wedding season. Gold imports
      Reuters; PHOTO: BLOOMBERG  -  373 words
    • Article
      Lock icon Spying charges ratchet up fears for multinationals in China
      729 13 Reminder that firms must beef up their IT security to guard against such threats Bloomberg [HONG KONG] Google Inc sends an e-mail to some employees travelling to China warning that it’s a “restricted country” and online access to some internal systems
      Bloomberg  -  729 words
    • Article
      Lock icon China’s JD.com pays CEO US$591m bonus
      497 13 Move raises concerns about governance, shareholders’ rights Reuters [HONG KONG] China’s No 2 e-commerce company, JD.com Inc, awarded CEO and founder Richard Liu a one-off share-based bonus of US$591 million as the company prepared for its US initial public offering (IPO), according to a
      Reuters  -  497 words
  • Page 13 Advertisements
    • Advertisement
      Lock icon Page 13 Advertisements Column 1
      290 13 At times, we would notice a consistent increase in the stock prices of certain listed companies over time, irregardless of the Straits Times Index’s (STI’s) performance. These companies do not give a high dividend yield and it keeps us wondering on the reason for the price increase. Often, such price
      290 words
    • Advertisement
      Lock icon Page 13 Advertisements Column 2
      237 13 QUALITY. RELIABILITY REPUTATION. SERVICE. NBtt A 2013 ATA NlD-***** Judy Kueh 2015 DEC EXP A clear signal of credibility, reliability and quality service amongst travel professionals, the NATAS Accreditation framework is set to boost the recognition and reputation of true travel professionals nationwide. So be sure to look for NATAS-accredited
      237 words
    • Advertisement
      Lock icon Page 13 Advertisements Column 3
      115 13 THE TIMES OF INDIA Presents REALTY INDIA EXPO “Biggest Real Estate Show In Singapore” 40 TOP BUILDERS ACROSS INDIA 350+ PROJECTS TO CHOOSE FROM LUXURY BUDGET PROJECTS •GOOD RETURN ON INVESTMENTS PROPERTIES TO CHOOSE FROM Luxury Apartments, Villas, Commercial Properties Residential Plots, Township Date: (Sat) 24th 25th (Sun) May, 2014
      115 words
Page thumbnail Page 14
  • WORLD
    • Article, Illustration
      Lock icon Hackers accessed 145m accounts, says eBay
      566 14 Number of user records compromised is one of the biggest data breaches in history Reuters [BOSTON] Hackers raided eBay Inc’s network three months ago, accessing some 145 million user records in what is poised to go down as one of the biggest data breaches
      Reuters; PHOTO: AFP  -  566 words
    • Article, Illustration
      Lock icon New tech rich a tricky group for wealth advisers
      993 15 Services include donating money and dealing with jealous old friends Reuters [NEW YORK] When the nine-person startup he co-founded was bought by Facebook for a reported US$15 million in January, Cemre Gungor, 27, was inundated with phone calls and e-mail from
      Reuters; PHOTO: BLOOMBERG  -  993 words
    • Article
      Lock icon BlackBerry builds platform for ‘Internet of Things’ era
      263 15 Project Ion to let firms collect data from smart devices AFP [SAN FRANCISCO] BlackBerry said on Wednesday that it was building a system to make sense of the maelstrom of information from the “Internet of Things” ranging from cars to appliances and
      AFP  -  263 words
    • Article, Illustration
      Lock icon Unilever sells sauce brands to Japan’s Mizkan
      530 16 Ragu, Bertolli pasta sauces sold for US$2.15b in move to shed food brands Bloomberg [LONDON] Unilever has said ciao (goodbye) to its Ragu and Bertolli pasta sauce business, agreeing to unload it to Japanese food manufacturer Mizkan Group for about US$2.15 billion as
      Bloomberg; PHOTO: BLOOMBERG  -  530 words
    • Article, Illustration
      Lock icon No inflation risk in stimulus to spur job market
      901 18 US Fed sees no trade-off between employment and inflation objectives Bloomberg [WASHINGTON] Federal Reserve policymakers, weighing options for an eventual exit from extraordinary easing, said that continued stimulus to push unemployment lower doesn’t risk sparking an undesirable jump in the inflation
      Bloomberg; PHOTO: AFP  -  901 words
    • Article
      Lock icon BOA abandoning market-making unit
      558 18 Increased regulatory scrutiny key reason for move: sources Bloomberg [NEW YORK] Bank of America Corp (BOA) is dismantling an electronic mar-ket-making unit created last year to serve the lende r wealth-management divis M err i ll L y nc h wealth-management division, said two people with
      Bloomberg  -  558 words
    • Article
      Lock icon Schwab, Merrill under money laundering probe
      517 20 SEC wants to know if brokers did enough to discover clients’ identities Reu ters [NEW YORK] US regulators are investigating Charles Schwab Corp and Bank of America Corp’s Merrill Lynch brokerage over whether they are doing enough to learn about their clients’ identities, sources
      Reuters  -  517 words
    • Article, Illustration
      Lock icon UK posts larger-than forecast budget deficit
      422 20 Bloomberg [LONDON] Britain had a larger-than forecast budget deficit last month as tax income slid from a year earlier and the financial position of local authorities weakened. Net borrowing was £11.5 billion (S$24.3 billion) compared with £9.5 billion a year earlier, the Office for
      Bloomberg; PHOTO: REUTERS  -  422 words
    • Article
      Lock icon Factory output growth slows in eurozone
      559 20 Markit survey also shows firms discounting prices Reuters [LONDON] The strong pace of growth in the eurozone’s private sector eased very slightly this month, with drastic price cuts preventing any further slowdown, surveys showed yesterday. Slower growth in activity at factories took the shine
      Reuters  -  559 words
    • PAPUA NEW GUINEA SPECIAL REPORT – PRODUCED BY ASIA BUSINESS SPOTLIGHT
      • Article, Illustration
        Lock icon Papua New Guinea | Rising
        1033 21 Papua New Guinea Rising LNG Projects Driving Growth With Singapore looking to become the world’s major trading hub for LNG, Papua New Guinea, the world’s newest exporter of LNG has a lot to offer, says William Balderson Asia Business Spotlight PNG has seen near uninterrupted economic growth over the past
        Image courtesy of Exxon Mobil PNG  -  1,033 words
      • Article, Illustration
        Lock icon ANZ Driving Progress As Lead Arranger For Debt Facility In PNG LNG
        1076 22 FINANCING ANZ are a leading financial institution in PNG and play a major role in building the nation. The ANZ group is present in 33 countries across the globe and ANZ PNG is a sizeable bank within the
        1,076 words
      • Article
        Lock icon Infrastructure Provides Major Oppotunities And Challenges Across The Nation
        869 22 Lack of infrastructure is one of the nation’s biggest inhibitors to growth but also presents one of its key opportunities. The government’s 2014 budget is its largest ever at K15 billion Kina. The theme of the 2014 Budget is “Consolidate Gains
        869 words
      • Article, Illustration
        Lock icon Logistics And Shipping In The South Pacific
        236 23 SHIPPING PNG with its many islands and a large coastal population lends itself to a growing domestic shipping industry, providing the platform for a regional shipping hub. Very rarely are natural resources located in close proximity to the markets requiring them and therefore
        236 words
      • Article, Illustration
        Lock icon Swire Shipping: The Market Leader Commits To Long Term Growth In PNG
        353 23 Asia Business Spotlight talks to Alex Pattison Country Manager Swire Shipping PNG Swire is the largest shipping company in PNG and is driving growth in this sector with major investment in new custom huilt ships for PNG LNG
        353 words
      • Article
        Lock icon Land – Key To Unlocking Prosperity in PNG
        650 23 Land Key To Unlocking Prosperity in PNG LAND DEVELOPMENT Unlocking PNG’s vast virgin land resources is key to economic growth. Romilly Kila Pat Secretary Dept. For Lands And Physical Planning Developers generally look first to the issue of security of personnel and investment, maintenance of law and order is challenging
        650 words
      • Article, Illustration
        Lock icon PNG Poised As Regional Shipping Hub
        915 24 Major Tidal Basin Project is putting PNG on the map. Asia Business Spotlight talks to Stanley Alphonse CEO PNG Ports Ltd The Geographical distribution of the islands of PNG scattered throughout the archipelago make it essential to develop an efficient, inter island transport system
        915 words
      • Article, Illustration
        Lock icon Biggest And Best Pacific Games Ever
        1237 25 We will produce some of the best sporting facilities that the Pacific and the Southern region has ever seen 33 Hon. Justin Tkatchenko MP. The Pacific Games 2015 and Asia Pacific Economic Community summit (APEC) 2018 have provided PNG with a critical opportunity to
        1,237 words
    • Article, Illustration
      Lock icon Paradox shows up in UK local, EU elections
      608 26 Poll pips anti-EU UKIP to win, but majority prefer to stay in the union Reuters [LONDON] As Britain voted yesterday in local and European elections, an opinion poll exposed a paradox: the anti-EU UK Independence Party (UKIP) is forecast to win the
      Reuters  -  608 words
    • Article
      Lock icon Viet DPM apologises for industrial parks damage
      269 26  -  By ANTHONY ROWLEY in Tokyo AT a meeting in Tokyo with Singapore Prime Minister Lee Hsien Loong yesterday, Vietnam’s Deputy Prime Minister Vu Duc Dam expressed “deep regret” over the recent anti-China protests in Vietnam. The Singapore Prime Minister’s Office (PMO) said in
      269 words
    • Article, Illustration
      Lock icon Music streaming a ‘game changer’: Universal exec
      608 26 AFP [SINGAPORE] Stiff competition among technology giants for a share of the burgeoning online music streaming market has given traditional record companies a much-needed boost, a top Universal executive said yesterday. Industry behemoths such as Apple, Google, Amazon and Microsoft are increasingly seeking
      AFP; PHOTO: AFP  -  608 words
    • Article
      Lock icon Obama wants to improve US entry process to boost tourism
      372 26 He eyes top tourist destination tag for the jobs it will bring AFP [WASHINGTON] President Barack Obama will act to reduce airport waiting times for foreign travellers arriving in the United States in order to boost tourism, the White House
      AFP  -  372 words
    • Article
      Lock icon Existing-home sales rise in April
      274 26 LATEST US DATA Bloomberg [WASHINGTON] Sales of previously owned US homes rose in April for the first time this year as the weather warmed, price increases slowed and more properties were put on the market. Closings, which usually take place a month or two after
      Bloomberg  -  274 words
    • Article
      Lock icon Competitors closing in on US, Switzerland
      472 27 Execs surveyed there gloomier on their nations’ business image than executives elsewhere Bloomberg [ZURICH] The US and Switzerland will face increasing pressure to keep their first and second places in a global competitiveness ranking, which they have maintained for a second consecutive year, the
      Bloomberg  -  472 words
    • Article, Illustration
      Lock icon Tepco to sell power beyond its core areas
      481 27 Reuters [TOKYO] In the latest sign that a shake-up in Japan’s power industry following the Fukushima nuclear disaster may be taking hold, Tokyo Electric Power Co (Tepco) said yesterday that it plans to sell electricity outside its traditional service area. The plan
      Reuters; PHOTO: AFP  -  481 words
    • Article
      Lock icon Role of CFOs getting larger with increasing use of data
      587 27 Bloomberg [SOUTHFIELD, Michigan] The days are long past for chief financial officers to hide behind the adding machines and spreadsheets in their corporate suites. The broadening role of the CFO into a wider range of company operations from helping combat
      Bloomberg  -  587 words
  • Page 14 Advertisements
    • Advertisement
      Lock icon Page 14 Advertisements Column 1
      1073 14 Head office State Street Financial Center, One Lincoln Street, Boston, Massachusetts *****-2900, United States Singapore office 168 Robinson Road, #33-01 Capital Tower, Singapore *****2. Tel: +65 6826 7100 CONSOLIDATED STATEMENT OF CONDITION As of December 31, 2013 2012 (Dollars in millions, except per share amounts) Assets Cash and due from
      1,073 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 2
      1061 14 The Business Times NOTICES 3Lii4Mf JBt'fMT C BANK OF COMMUNICATIONS CO., LTD. Head Office: 1 88 Yin Cheng Zhong Lu, Shanghai *****0, People's Republic of China Singapore Branch: 50 Raffles Place, #18-01 Singapore Land Tower, Singapore *****3 CONSOLIDATED STATEMENT OF FINANCIAL POSITION (All amounts expressed in millions of RMB unless
      1,061 words
    • Advertisement
      Lock icon Page 14 Advertisements Column 3
      6 14 Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices
      6 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Lock icon Page 15 Advertisements Column 1
      399 15 O BEYOND TOKYO. GLOBAL LAUNCH 4 MINS WALK TO MRT STATION L imm n Near 2020 Olympic Village w it hi vmvnimiih mr MM f Ml I -L*. i reehold Condominium From SGD$398K TOP in Q'3 2014 Only 5% Down Payment Guaranteed Rental Return Up to 10 Years m PROPERTY
      399 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Lock icon Page 16 Advertisements Column 1
      1689 16 Head Office 1 Fuxingmen Nei Dajie, Beijing *****8, People’s Republic of China. Tel (86) 010-6659 6688 Fax (86) 010-6601 6871 Swift BKCHCNBJ http: www.boc.cn Singapore Branch 4 Battery Road, Bank of China Building, Singapore *****8 Tel (65) 6535 2411 Fax (65) 6534 3401 Swift BKCHSGSG CONSOLIDATED STATEMENT OF FINANCIAL POSITION
      1,689 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 2
      1261 16 The Business Times NOTICES NAIR CO PTE. LIMITED (Company Registration Number *****2992G) (the “Company”) NEWSPAPER NOTICE Notice is hereby given pursuant to sections 76(10)(h) of the Companies Act, Chapter 50 of Singapore (the “Companies Act”), that the following resolutions were duly passed as Special Resolutions at an extraordinary general meeting
      1,261 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 3
      6 16 Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices
      6 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 4
      592 16 NOTICE OF INTENDED DIVIDEND Name of company Address of former registered office Last day for receiving proofs Name of liquidators Address of liquidators Solange Singapore Pte Ltd (In Creditors’ Voluntary Liquidation) Reg. No. *****7767M 80 Robinson Road #02-00 Singapore *****8 6 June 2014 Chee Yob Chuang and Abuthahir Abdul Gafoor
      592 words
    • Advertisement
      Lock icon Page 16 Advertisements Column 5
      199 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF RBS ASIA PACIFIC PRIVATE LIMITED (IN MEMBERS’ VOLUNTARY LIQUIDATION) CO. REG. NO. *****3754G NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that a Final Meeting of the Members of the
      199 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Lock icon Page 17 Advertisements Column 1
      1930 17 The Business Times NOTICES MERMAID MARITIME PUBLIC COMPANY LIMITED (Incorporated in the Kingdom ot Thailand) Company Registration No.: **********017 NOTICE OF EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS NOTICE IS HEREBY GIVEN that by virtue of the resolutions of the Board of Directors of the Company, the Extraordinary General Meeting of Shareholders
      1,930 words
    • Advertisement
      Lock icon Page 17 Advertisements Column 2
      1626 17 BALANCE SHEET AS AT 31 DEC 2013 INCOME STATEMENT AS AT 31 DEC 2013 Assets 31.12.2013 31.12.***** in Euro m in Euro m Cash reserve 12,397 15,755 Claims on banks 87,545 88,028 of which pledged as collateral 29 45 Claims on customers 245,963 278,546 of which pledged as collateral Value
      1,626 words
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Lock icon Page 18 Advertisements Column 1
      981 18 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices ©s uj m ft r cum rniuiMPPriAi rami^ E.SUN COMMERCIAL BANK, LTD. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In Thousands of New Taiwan Dollars, Except Earnings Per Share) For the Year Ended December 31 Interest revenue Interest expense Net Interest Net
      981 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Lock icon Page 19 Advertisements Column 1
      211 19 Always Be Discovering with (%8S tianf-Xn, The Business Times Indulge in top quality French wines selected by one of the best sommeliers of France r V* I, >. ■mv. e i:§ f ■r&A. v m 7 Nicolas Rebut 3-star Michelin sommelier (former Chef Sommelier of “Le Meurice” and “Louis XV”
      211 words
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Lock icon Page 20 Advertisements Column 1
      182 20 ROUGH ROAD AHEAD Do people expect too much of Narendra Modi? DONATING FOR OUR HERITAGE GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438) 0 V CRAB FISH GALORE 19 May to 8 June 2014 Undoubtedly the perfect place to indulge in local
      182 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Lock icon Page 21 Advertisements Column 1
      168 21 Cinnections China India count when growing your business. a Ja f* Taiwan Laos Guam Philippines Thail Cambo Kiribati Malaysia Singapqrc Samoa ■s .v^olomon /^Islands rffcor Papua New Lester Guinea American Samoa Indone Vanuatu Fiji Tonga Cook Islands New Caledonia New Zealand When it comes to taking advantage of opportunities around
      168 words
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Lock icon Page 22 Advertisements Column 1
      52 22 A V DEPARTMENT OF LANDS AND PHYSICAL PLANNING Protecting indigenous land owners and facilitating development in PNG k mjUtf 4 T ,J mM v.V At' 5* A W: K >4 m ■•■V i *r'0 u. Department of Lands Physical Planning Papua New Guinea, P 0 Box 5665 BOROKO, National Capital
      52 words
    • Advertisement
      Lock icon Page 22 Advertisements Column 2
      36 22 Bringing wer... ...to the nation Since 1963 PNG Power has been dedicated to providing a reliable, accessible and customer friendly electricity service in PNG. PNG POWER Ltd www.pngpower.com.pg National Office Port Moresby Tel: +675 324 3200
      36 words
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Lock icon Page 23 Advertisements Column 1
      38 23 Swire shipping One Flag, Multiple Solutions Reputation for service, opeational excellence and reliabilyt Connecting PNG to the rest of th®vord covering over 100 ports global!. Extensive agency network across PNG. Break- bulk, project, containerized, reefer and bulk cargoes
      38 words
    • Advertisement
      Lock icon Page 23 Advertisements Column 2
      71 23 water png ‘your fife our Business’ dhe benchmark provider of safe water and sanitation services and a cataCyst for socio-economic deveCqpment in Tapua New (guinea X V. e> o ©o O v>° o b vT- > o d 4 a <*> o i9 oo A O www.waterpng.com.pg HEAD OFFICE-PORT MORESBY
      71 words
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Lock icon Page 24 Advertisements Column 1
      111 24 ww w.pngports.com.pg OUR PORT OF EXPER ENCE THE WORLD’S PORT OF CALL C c f i AN OPERATIONS OPERATION B r r We are proud that our years of experience, supported by responsible cargo handling and the latest equipment have enabled PNG Ports Corporation Ltd to reach new heights in
      111 words
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Lock icon Page 25 Advertisements Column 1
      27 25 Asia Business Spotlight Papua New Guinea Report Production Team Alexandra Hernandez Peiro Project Director ahernandez@asiabusinessspotlight.com William Balderson Editorial Director wbalderson@asiabusinessspotlight.com James Bryant Lead Graphic Production james@jukemedia.co.uk www.asiabusinessspotlight.com
      27 words
    • Advertisement
      Lock icon Page 25 Advertisements Column 2
      32 25 '*ar aa j^^gr PORT MORESBY 2015 XV PACIFIC GAMES PAPUA NEW GUINEA n m Sf W fiSil SHSHB r. J? 1 t K# sSs* ■“■•.WB m r&% n V •V p 4
      32 words
Page thumbnail Page 26
  • Page 26 Advertisements
    • Advertisement
      Lock icon Page 26 Advertisements Column 1
      1092 26 The Business Times NOTICES HUA NAN COMMERCIAL BANK, LTD. (A wholly-owned subsidiary of Hua Nan Financial Holdings Co., Ltd.) Consolidated Balance Sheets Consolidated Statements Of Comprehensive Income (In Thousands of New Taiwan Dollars, except per share amount) (In Thousands of New Taiwan Dollars) Dec 31, 2013 Dec 31, 2012 ASSETS
      1,092 words
    • Advertisement
      Lock icon Page 26 Advertisements Column 2
      368 26 Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices In the Matter of The Companies Act, Cap. 50 And In the Matter of YORK GLOBAL FINANCE I PTE. LTD. (In Members’ Voluntary Liquidation) (Co. Reg. No. *****8301E) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the
      368 words
Page thumbnail Page 27
  • Page 27 Advertisements
    • Advertisement
      Lock icon Page 27 Advertisements Column 1
      399 27 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF SANKO MARINE CONSULTANTS PTE. LTD. (IN MEMBER’S VOLUNTARY LIQUIDATION) (COMPANY REGISTRATION NO. *****4399E) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of
      399 words
    • Advertisement
      Lock icon Page 27 Advertisements Column 2
      1583 27 The Business Times L I 1 I I 1 O Toll free 1800-289-8822 I I Email noticesiasph.com.sg M B j B j il www.sphclass.com.sg/notices VTB Capital plc 31 DECEMBER 2013 Head Office: 14 Cornhill, London, EC3V 3ND, UNITED KINGDOM Singapore Branch: 9 Battery Road #27-01, Straits Trading Building, Singapore *****0
      1,583 words
Page thumbnail Page 28
  • EDITORIAL & OPINION
    • Article
      Lock icon Not sunset for Singapore’s oil refineries
      447 28 EDITORIAL CLEARLY, no oil refinery today is too big to fail. Just a while ago, the Australians were lamenting the closure of their refineries by the super majors like Shell, ExxonMobil, BP and Chevron pointing, as the reason, to the bigger and more competitive
      447 words
    • Article, Illustration
      Lock icon Clash of big data and the right to be forgotten
      831 28  -  THE BOTTOM LINE MAUREEN DOWD NYT IT SOUNDS like the title of a classic novel about desire and memory, perhaps Marcel Proust’s sequel to Remembrance of Things Past. It is, in fact, based on a French legal phrase, le droit
      NYT  -  831 words
    • Article, Illustration
      Lock icon Prevention key to better rail network reliability
      992 28  -  An integrated, real-time monitoring system can help keep the network’s health on track By CHANDRAN NAIR The writer is managing director, South-east Asia, National Instruments. Since 1976, National Instruments (www.ni.com) has equipped engineers and scientists with tools that accelerate productivity, innovation and discovery
      PHOTO: BLOOMBERG  -  992 words
    • Article, Illustration
      Lock icon Internet has ushered in a global campus
      945 29  -  Technology is enhancing the learning process and making it cost-efficient By ADRIAN SMITH The writer is vice-chancellor of the University of London THE year 2014 marks 25 years of the Web. It has changed the way we live, work, play as well as
      PHOTO: AFP  -  945 words
    • Article, Illustration
      Lock icon Making economics more useful
      871 29  -  REUTERS BREAKINGVIEWS By EDWARD HADAS MANY economics students are unhappy with what they are being taught. A network of 62 groups from around the world has drawn up a petition calling for more “pluralism” in instruction. The malcontents find the dominant neoclassical model too narrow and
      871 words
    • Article, Illustration
      Lock icon China’s property market is in serious trouble
      750 29  -  REUTERS BREAKINGVIEWS By JOHN FOLEY CHINA’S property market is built on a vicious triangle. There are three ways that the pressures building in the real estate industry could show: shrinking investment, disappearing funding for developers and lower prices. Though they’re all related, the
      PHOTO: REUTERS  -  750 words
Page thumbnail Page 29
Page thumbnail Page 30
  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon US airlines beat Asian and European rivals in profitability
      992 30 Delta, American, United, Southwest junk old habits, pull themselves up Bloomberg [ATLANTA] The bankruptcies, mergers and jet-fuel shocks that rocked US airlines during the last decade yielded a surprising result: the world’s most profitable carriers. US airlines led by Delta now
      Bloomberg; PHOTO: AFP  -  992 words
    • Article, Illustration
      Lock icon US seeks disclosure of all fees flyers face
      701 30 NYT [NEW YORK] Airlines and travel agents will be required to list fees for services like checked bags, car-ry-ons and seat reservations so that travellers can compare fares more easily under a proposal announced by the Transportation Department on Wednesday. The proposal
      NYT; PHOTO: AFP  -  701 words
    • Article
      Lock icon BHP may seek govt help in tugboat dispute
      357 30 Reu ters [SYDNEY] BHP Billiton said on Wednesday it may seek government intervention to avert industrial action by tugboat workers at the Port Hedland iron ore port that threatens to disrupt hundreds of millions of dollars in exports. “It’s highly likely we
      Reuters  -  357 words
    • Article
      Lock icon SIA aircraft veers off Yangon runway
      316 30 No injuries reported in mishap during heavy rain AFP [SINGAPORE] A Singapore Airlines plane skidded off the runway on touching down during heavy rain at Myanmar’s Yangon International Airport, but no injuries were reported, the carrier said yesterday. The Airbus A3 30 plane “encountered
      AFP  -  316 words
    • Article
      Lock icon Underwater search for MH370 resumes
      434 30 Mini-sub enters final week of scouring Indian Ocean floor AFP [SYDNEY] A mini-sub searching for missing Malaysia Airlines Flight MH370 recommenced its operations yesterday after technical problems, as it enters its final week of scouring the Indian Ocean seabed for signs of the aircraft. Australia
      AFP  -  434 words
    • Article
      Lock icon TRANSPORT STOCKS
      238 30 SGX '000 May 22 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.29 0.01 975 s$ Cwt Limited 1.73 0.03 2023 Vol First Ship Lea 0.43 Grand Banks...............0.27 0.01 853 Jaya Hold Ltd 0.80 unch 903 K1Ventures 0.18 unch 3072 Keppel Corp 10.67 0.01 2575 Mercator Lines 975
      238 words
  • Page 30 Advertisements
    • Advertisement
      Lock icon Page 30 Advertisements Column 1
      22 30 China's non-first-tier cities said to be able to exercise flexibility over housing purchase curbs To subscribe, call 6388-3838 or go to sphsubscription.com.sg
      22 words
Page thumbnail Page 31
  • Page 31 Advertisements
    • Advertisement
      Lock icon Page 31 Advertisements Column 1
      2038 31 The Business Times BUY SELL ■IND fl SPECIAL SUPPLEMENT B T CLASSIFIED If golf is so then why am I so bad at it? .V •r-'* :»v 7m m m m f' K LA r-xi Let's face it. No matter how hard you try, we can never be a true
      2,038 words
Page thumbnail Page 32
  • PROPERTY
    • Article
      Lock icon HUDC estate in Hougang privatised
      481 32  -  336-flat Hougang Ave 2 project is the 15th of 18 such estates to go private By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT [SINGAPORE] The Housing and Urban Development Co (HUDC) estate at Hougang Avenue 2 has been privatised successfully, making it the 15th of 18 such once-public
      481 words
    • Article, Illustration
      Lock icon Airbnb to give New York host information
      444 32 Bloomberg [NEW YORK] Airbnb Inc, the short-term home rental service for travellers, agreed to comply with a New York state probe of it and hosts who may be violating state occupancy and tax regulations. The San Francisco-based company, which charges a transaction fee
      Bloomberg; PHOTO: BLOOMBERG  -  444 words
  • Page 32 Advertisements
    • Advertisement
      Lock icon Page 32 Advertisements Column 1
      178 32 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 D09 HOUSE FOR SALE EMERALD HILL 2½-storey Conserved
      178 words
    • Advertisement
      Lock icon Page 32 Advertisements Column 2
      158 32 D11/21 HOUSE FOR SALE CHANCERY Only $12xx psf! A Quaint S/sty GCB on a sprawling 24k sf in a superb D11 locale. Regular land/ rebuild. Freehold/ wide front/ nice no. Millie 9061 3201 D11 21 HOUSE FOR SALE CHANCERY VICINITY Chancery Area Detach. 18,000 sq.ft. Face East. 10 rooms 10
      158 words
    • Advertisement
      Lock icon Page 32 Advertisements Column 3
      150 32 D16 HOUSE FOR SALE LUCKY HEIGHTS Almost New! Modern luxurious Semi-D in Bunglw. 9000 sqft. Hill top terr/ pool/ garden. 9488 4433 D17 HOUSE FOR SALE LOYANG VICINITY Beautifully Built Bungalow. 9 bdrms, lap pool, pte lift. Approx 8000/ 9000 sqft. Mins to Changi Business Park Call 9222 2691 Jay
      150 words
    • Advertisement
      Lock icon Page 32 Advertisements Column 4
      146 32 D09 APARTMENT FOR SALE HORIZON T0WER 2303 sqft, 4+1 rms. High floor, Excellent facilities. Upgraded. Near MRT. Also for rent. Must view! Call Clinton 9851 2159 D09 APARTMENT FOR SALE ORCHARD RESIDENCE 4-rm 2852 sf 3-rm 1808 sf. With Breathtaking Orchard View, pool view, heart of Orchard, above ION Mall/
      146 words
    • Advertisement
      Lock icon Page 32 Advertisements Column 5
      158 32 D04 HOUSE FOR RENT 166 OCEAN DRIVE Resort style. Fantastic layout finishings. 8000/ 8800sf 2sty attic+ basement. Agt welcome $28K. 1st Aug. Owner *****635/ *****996 D10 HOUSE FOR RENT DUCHESS ROAD D10 Duchess Road, new built 4200/4600 sqft. Pool, 7+1, Terraces, ramp access. Quiet. MRT 2016. Amenities. neg. Owner 9752
      158 words
Page thumbnail Page 33
  • Page 33 Advertisements
    • Advertisement
      Lock icon Page 33 Advertisements Column 1
      1241 33 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 D15 D16 *1:5 m n vD15 Crescent Road 2.5 Sty Detached Approx. 5900/ 7000 sqft Elevated, Pool Lift
      1,241 words
    • Advertisement
      Lock icon Page 33 Advertisements Column 2
      85 33 D22 FACTORY FOR RENT TRADEHUB 21 Tradehub 21 Studio Office $1.1K, reno, wifi, free aircon. Pioneer Point (Industrial) 1050 sf $2.5K. Amos 9183 1593 D23 FACTORY FOR RENT THE ELITIST $2.30 psf for Rent, $639 psf for Sale. Brand New! Office/ Warehouse. Bare. The Elitist Bt Batok. 1012/ 1033/ 2045
      85 words
Page thumbnail Page 34
  • Article
    Lock icon Shipping Times
    2232 34 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
    2,232 words
  • Page 34 Advertisements
    • Advertisement
      Lock icon Page 34 Advertisements Column 1
      39 34 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The Business Times Shipping Times
      39 words
Page thumbnail Page 35
  • Page 35 Advertisements
    • Advertisement
      Lock icon Page 35 Advertisements Column 1
      229 35 mporters ooking 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
      229 words
Page thumbnail Page 36
  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      3765 36 Transaction date: May 22 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 13.5 10.4 8Telecom Vol Day Last Quote --AAT Net M Cap 13 6.7 AIMS Property 13 +0.7 714 13 12.5
      3,765 words
    • Article
      Lock icon SGX CATALIST
      359 37 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 32 23 t 3Cnergy 500 Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale ('000) High Low Buyer
      359 words
    • Article
      Lock icon UNIT TRUST & FUNDS
      11160 37 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.52/ Aberdeen Asset Mgt Asia Limited 1.21/ Asian Local Ccy SD Bond Global Emerging Markets!** China Opportunities 1 8?6?/ EM Local Ccy Bond *****/ European Opportunities 1 1 3816/ Global Emerging Markets!"" Global Opportunities/ 1
      11,160 words
    • Article
      Lock icon GLOBALQUOTE
      248 37 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 A54 unch 4 54 54 54 57 3.6 6.5 4.4 199.9 328 191 TanChongInt HK325cd unch 36 325 325 325 330 9.7 3.2 3.2
      248 words
    • Article
      Lock icon SGX ETF
      1115 37 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 119.8 108.3 ABF SG Bond ETF 115 1 115 115 114.8 115 525 138.7 119 CIMB APAC Div 100S$D 131.6 +0.6 131.6 131.6 130.4 133 108.9
      1,115 words
Page thumbnail Page 37
Page thumbnail Page 38
  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      662 38 May 22 May OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.28 *****.02 *****.55 Jun14 *****.00 *****.00 *****.00 *****.00 ***** *****5 Sep14 *****.00 *****.00 *****.00 *****.00 322 8984 MSCI TAIWAN INDEX FUTURES SPOT 319.30 321.93 319.17 May14 318.50 322.60 318.20 322.20 ***** *****2 Jun14
      662 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 38 In local curr In S$ In US$ dy yr dy yr dy yr May 21 Index Change Change Change Change Change Change World Preliminary 1196.0 0.3 1.0 0.2 0.4 0.3 1.3 EAFE Preliminary 951.8 0.2 -0.5 0.1 -0.3 0.1 0.5 Europe Preliminary 1394.1 0.4 2.9
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      472 38 May 22 May A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.010 5.772 0.677 7.179 54.128 106.681 0.940 9.483 2.970 1.080 91.474 40.413 1.158 9.605 0.827 27.916 29.988 0.548 0.926 Canada 0.990
      472 words
    • Article
      Lock icon CHICAGO BOT
      112 38 May 21 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jul 14 1505.25 1469.75 1507.75 1467.50 Aug 14 1430.75 1405.25 1433.00 1403.00 Sep 14 1307.25 1284.75 1308.50 1282.50 Nov 14 1253.50 1232.25 1255.00 1230.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jul 14
      112 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 38 CRUDE OIL PRODUCTS May 21 May CRUDE(FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.69 0.99 WTI (Near Mth) 104.36 1.65 Dubai (1-Mth F) 105.92 0.55 Tapis blend 114.31 0.52 Minas 110.01 0.52 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 105.39 1.00 Jet Kerosene 120.37 0.25 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 38 May 22 S$ Bid Offer 1-month 1.2507 1.2516 2-months 1.2507 1.2516 3-months 1.2507 1.2516 6-months 1.2505 1.2514 Source: OCBC
      22 words
    • Article
      Lock icon LONDON METALS
      69 38 May-21 May-21 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1726.75 1728.75 3 months 1768.00 1770.00 Copper, Grade A(US$/tonne) Cash 6885.00 6933.00 3 months 6831.00 6885.00 Lead(US$/tonne) Cash 2098.00 2108.00 3 months 2124.00 2133.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
      69 words
    • Article
      Lock icon SIBOR
      37 38 May 22 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 3 mths 6 mths Source: Thomson Reuters
      37 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      80 38 May 22 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.3 5-Year NX*****W 2.5 01-Jun-19 105.63 105.76 105.73 10-Year NX*****H 2.750 01-Jul-23 103.51 103.65
      80 words
    • Article
      Lock icon PRECIOUS METALS
      122 38 May 22 GOLD(US$/oz) May 22 May 21 Hong Kong 1298.00 1298.00 May 21 May 20 London 1289.29 1293.56 1289.91 1294.24 Source: Thomson Reuters CAST BAR May 22 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 49 5gm 312 257 10gm 581 517
      122 words
    • Article
      Lock icon PALM OIL
      59 38 May 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 14 2560.0 2550.0 2561.0 2527.0 225 3293 Jul 14 2537.0 2531.0 2542.0 2510.0 4010 ***** Aug 14 2525.0 2522.0 2531.0 2499.0 ***** ***** Sep 14 2518.0 2518.0
      59 words
    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 38 May 22 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1576 1.1591 0.9256 0.9261 Canadian dollar 1.1461 1.1475 0.9168 0.9163 Euro 1.7105 1.7119 1.3676 1.3678 NZ dollar 1.0724 1.0735 0.8574 0.8577 Sterling pound 2.1147 2.1168 1.6908
      156 words
    • Article
      Lock icon LIFFE
      94 38 May 21 COCOA (£/tonne) Close Prev High Low Jul 14 1865 1857 1872 1853 Sep 14 1863 1856 1869 1850 Dec 14 1861 1854 1866 1850 Mar 15 1856 1851 1859 1845 COFFEE(US$/tonne) Close Prev High Low May 14 1992 2041 2035 2005 Jul14 2012 2036 2045 2001 Sep
      94 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1153 38 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 Conv Asia-Pacific Strategic W*****6 Exer Acma Ltd W*****7 Prem Albedo Limited W*****9 Asiatic Grp(Hldgs) Ltd W*****5 1.9 -0.1 1006 0.0 2 16 Asiatravel.com HoldingsW*****7 1 1 25 2
      1,153 words
    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      127 38 As at 9am May 22 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.182 1.126 Can dollar 1.168 1.124 Euro 1.752 1.669 Sterling pound 2.154 2.072 NZ dollar 1.098 1.056 US dollar 1.277 1.217 Local dollars to 100 units of foreign
      127 words
    • Article
      Lock icon INTERBANK RATES
      157 38 May 22 $S Offer Bid 0vernight 0.05 0.02 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.08 US$ 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
      157 words
Page thumbnail Page 39
  • executive lifestyle
    • Article, Illustration
      Lock icon Can ‘affordable art’ be a good investment?
      1562 39  -  Yes, if you have a good eye but you’d be going against the spirit of the Affordable Art Fair. BY HELMI YUSOF helmi@sph.com.sg CAN art bought at the Affordable Art Fair go up in value and make you a tidy profit? Yes, a
      PHOTO: HELMI YUSOF  -  1,562 words
Page thumbnail Page 40
  • CINEMA
    • Article, Illustration
      Lock icon X-Men stars ham it up in Singapore
      598 40  -  Hugh Jackman, Fan Bingbing and Peter Dinklage recollect the fun times they had on the set of the latest movie in the popular series. DYLAN TAN reports TANreports DYLAN TANreports dylantan@sph.com.sg @DylanTanSYBT ANY actor will tell you no one takes a nude scene
      PHOTO CREDIT: TWENTIETH CENTURY FOX  -  598 words
    • Article, Illustration
      Lock icon A quality blockbuster that keeps fans fully engaged
      565 40  -  By GEOFFREY EU IT’S a sad fact of life that minority groups are targeted for discrimination or worse but in comic-book terms, there are untold advantages to be drawn from being different like being, for example, a high-profile member of Marvel’s mutant
      565 words
    • Article, Illustration
      Lock icon A boring melodrama that’s a right royal mess
      510 40  -  By GEOFFREY EU GRACE Kelly, the blond beauty who won an Oscar and then topped it by winning a bona fide prince, was the epitome of style, glamour and, yes, grace whose greatest role turned out to be a real-life one as
      510 words
    • Article, Illustration
      Lock icon HK’s comedy king gets serious
      639 40  -  By DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT MAVERICK Hong Kong director Pang Ho Cheung might be on a roll his last couple of films have all broken domestic box office records, each bettering the previous one, no less but he’s not going to push himself. Instead he’s
      639 words
Page thumbnail Page 41
  • BOOKS/ARTS
    • Article, Illustration
      Lock icon Keeping a positive outlook on life
      654 41  -  Despite his personal challenges, Andrew Matthews still manages to churn out book after book on happiness. LOIreports RACHEL LOI rachloi@sph.com.sg HE may be known for writing self-help books such as Being Happy and Happiness in a Nutshell, but like anybody else, author Andrew Matthews
      654 words
    • Article, Illustration
      Lock icon A star fades out at Cannes
      613 41  -  By RACHEL DONADIO NYT [CANNES] Each year, as stars ascend the red-carpeted steps here, a reserved gentleman in a bespoke Agnès B tuxedo is there to receive them. He is Gilles Jacob, and after more than 35 years at the Cannes Film Festival, the
      NYT; PHOTO: AFP  -  613 words
    • Article, Illustration
      Lock icon A different way of presenting classical music
      414 41  -  By GEORGINE VERANO gverano@sph.com.sg LOH Jun Hong and Abigail Sin think that classical music has gotten a bad rap, so the two award-winning musicians are out to change the perception. “Classical music is sadly associated with boredom, incomprehension and irrelevance,” laments pianist Sin,
      414 words
  • Page 41 Advertisements
    • Advertisement
      Lock icon Page 41 Advertisements Column 1
      74 41 I' 11 t\ 9 d i Every parent an informed parent The Straits Times' new Education Community has the latest news and views on Singapore schools. Join our forum and have your say. Log on to www.straitstimes.com Got a question about the school system? The Straits Times' Senior Education Correspondent
      74 words
Page thumbnail Page 42
  • ARTS
    • Article, Illustration
      Lock icon Nay Nai in modern times
      729 42  -  Pichet Klunchun’s new work is again inspired by Thai history and performed as classical Khon dance, reports CHEAH UI-HOON reportsCHEAH reportsCHEAH UI-HOON uihoon@sph.com.sg THAI dancer Pichet Klunchun returns to Singapore to debut a new work again inspired by Thai history and performed as classical Khon
      PHOTO: NATTAPOL MEECHART  -  729 words
    • Around Town
      • Article, Illustration
        Lock icon Pick of the Week
        178 42 Cartier’s Shape Your Time exhibition: The Cartier Shape Your Time exhibition will be held this weekend for public viewing in Singapore, selected as the first country worldwide to host the event. It will be the official launch of the Calibre de Cartier Diver watch (right, in
        178 words
      • Article
        Lock icon Exhibitions
        299 42 Medium at Large: Examining the idea of medium in modern art, Medium at Large scrutinises the elementary and crucial questions of art, through its creation and our understanding of it. The exhibition explores the wide variety of materials that can be used in contemporary art, and the “slipperiness” of
        299 words
      • Article
        Lock icon Theatre
        104 42  -  Compiled by GEORGINE VERANO gverano@sph.com.sg Nasirdin Afandi: A classic Chinese folk tale of a young man who aspires to become his idol. Chinese musical drama Nasirdin Afandi follows young Kaisaer who longs to become like the legendary Afandi, as he goes through several trials, before he meets the real
        104 words
    • Article, Illustration
      Lock icon A narrative of time and space through art
      933 42  -  By uihoon@sph.com.sg CHEAH UI-HOON uihoon@sph.com.sg BORN in Buenos Aires to a diplomat father and an oral surgeon mother, Rirkrit Tiravanija, 53, grew up primarily in Thailand, Ethiopia and Canada. He now splits his time between Chiang Mai, New York and Berlin when
      933 words
    • Article, Illustration
      Lock icon Nothing easy about this experiment
      653 42  -  By CHEAH UI-HOON uihoon@sph.com.sg IT is a long forgotten episode in Singapore’s history, but the intriguing story of Pulau Senang’s failed penal experiment in the 1960s finally made it to light, and on stage, through Drama Box’s play, Senang. The island which for three years
      653 words
Page thumbnail Page 43
  • WINE/DINING
    • Article, Illustration
      Lock icon Unexpectedly simple and pure delights
      879 43  -  The Hautes-Cotes de Nuits Blanc 2004, Michel Gros, and Hautes-Cotes de Nuits Rouge 2004, Anne Gros, show that simple inexpensive wines can give great pleasure, says NK YONG NK YONG I AM sure most of us know the delight that a little child feels when
      PHOTOS: NK YONG  -  879 words
    • Article, Illustration
      Lock icon Cooking up a fundraiser for competition
      433 43  -  By CHEW HUI-YAN hychew@sph.com.sg AS far as culinary competitions go, the Bocuse d’Or is one of the most prestigious, but also a gruelling, test of a chef’s precision, time management and skill. But with a mentorship panel consisting of four of Singapore’s top French
      433 words
  • Page 43 Advertisements
    • Advertisement
      Lock icon Page 43 Advertisements Column 1
      28 43 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
      28 words
    • Advertisement
      Lock icon Page 43 Advertisements Column 2
      233 43 IS -f tf I in 4 never m >i/. m i Ok GOriTil 4 INSIGHT VACATIONS The of Touring in Siy/e Enjoy $200* Spending Credit 8D Irish Elegance 8D Italian Intermezzo 8D Glorious Switzerland 8D Normandy Brittany the Loire Valley 9D Country Roads of Champagne, Alsace and Burgundy fr us$2,325
      233 words
  • Page 43 Miscellaneous
    • Miscellaneous
      Lock icon Page 43 Miscellaneous Column 1
      336 43 CRYPTIC CROSSWORD Across 1 Chief’s border guarded by friend (6) 5 Behind soldier see heartless people in shades (8) 9 Opposing procedure and fighting against board (13) 10 Perch by post where English journey may finish (5,3) 11 See 4 Down 12 This person’s a good editor, as portrayed (6)
      336 words
Page thumbnail Page 44
  • Page 44 Advertisements
    • Advertisement
      Lock icon Page 44 Advertisements Column 1
      248 44 ASIA 2014 WITH DOB CARDS eft 12-15 JUNE MARINA PROMENADE WWW.BEERFESTASIA.COM G0fJKO«RI Vs6 REASONS TO BUY THAT VIP PACKAGE 8 hours of free flow beers (choose from 20 different choices) Access to VIP free flow bars Featuring international acts and best of Singaporean bands paying tribute to your favourite icons
      248 words