The Business Times, 5 September 2014

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Microfilm: NL33242
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 051/08/2014 Friday, eptember 5, 2014
    25 words
  • Article
    Lock icon Temasek, JTC plan to wed units, make cities
    923 1  -  Merged entities’ collective expertise will span value chain for urban development projects By KENNETH LIM kenlim@sph.com.sg @KennethLimBT Source: Ascendas, Jurong International, JTC, SingBridge, Surbana, Temasek, McKinsey [SINGAPORE] Temasek Holdings and JTC Corporation plan to create an infrastructure and development behemoth to ride
    Source: Ascendas, Jurong International, JTC, SingBridge, Surbana, Temasek, McKinsey  -  923 words
  • Article
    Lock icon ECB to buy securitised loans, covered bonds
    666 1 Separately, it cuts its main refinancing rate to 0.05% from 0.15% previously Reuters AFP [FRANKFURT] The European Central Bank on Thursday launched a new scheme to push money into the flagging eurozone economy and cut interest rates to a fresh record low. The
    Reuters; AFP  -  666 words
  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 HST INDEX 3,346.34 (-2.43) HST INDEX FUTURES 3,347.00 (-3.00) HSIMSCI 378.37 (-1.02) HSIMSCI FUTURES 378.10 (-2.20) US$ S$ US$ (S$ per US$) 1.252 (US$/S$ per 1.645 2.060 EURO (US$/S$/€ 1.314 1.646 Foreign currency per US$ S$ YEN 104.90 83.80 RM 3.180 2.540 HK$ 7.750 6.189 BAHT 32.04 25.59 RUPIAH
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    • Article
      Lock icon MARKETS
      49 1 Thursday Change KL COMP 1,869.21 +4.34 NIKKEI 225 15,676.18 -52.17 HANG SENG 25,297.92 -20.03 SET INDEX 1,579.73 -3.54 JAKARTA COMP 5,205.32 -18.82 MANILA COMP 7,204.11 -1.91 SEOUL COMP 2,056.26 +5.06 SHENZHEN B 961.05 +3.90 MUMBAI IND 27,085.93 -54.01 12 noon EDT Change DOW 17,125.80 +47.52 NASDAQ 4,590.71 +18.15
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    • Article
      Lock icon PRIME RATES
      18 1 SINGAPORE 5.35 MALAYSIA 6.55 TAIWAN 5.00 INDONESIA 15.000 TAIWAN 5.036 CANADA 1.475 KOREA 9.33 Source: Bloomberg
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      85 1 VISIONARIES Audemars Piguet’s Oliviero Botinelli PAGE 11 PROPERTY August HDB resale prices fall 1.1% PAGE 20 WINE A mature selection to nurture and relish PAGE 28 EXEC LIFESTYLE Filmmakers here put their stamp on Asian horror PAGE 32 Read Boardroom Matters, a series of articles from the Singapore Institute of
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      8 1 8 8 7 1 8 I 11 *****4
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  • TOP STORIES
    • Article, Illustration
      Lock icon Tycoon Ananda Krishnan hit by graft charges in India
      729 2  -  India’s federal police files charge-sheet in relation to Maxis-Aircel deal By ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT [SINGAPORE] As much as Malaysian tycoon T Ananda Krishnan, one of Asia’s richest men, would want to wish away the vexing allegations of corruption blaring from
      PHOTO: BLOOMBERG  -  729 words
    • Article
      Lock icon THREE-MINUTE DIGEST
      317 2 Temasek and JTC may wed units TEMASEK Holdings and JTC Corp plan to create an infrastructure and development behemoth to ride the urbanisation wave in emerging markets. FRONT PAGE ECB to buy securitised loans, bonds THE ECB on Thursday launched a new scheme to push money into the
      317 words
    • Article, Illustration
      Lock icon More firms leveraging IP for growth
      616 2  -  By MINDY TAN tanmindy@sph.com.sg @MindyTanBT [SINGAPORE] Statistics suggest that companies are increasingly aware of the importance of protecting their intellectual property (IP). But it is still necessary to debunk the perception that the process is expensive, particularly amongst small and medium-sized enterprises (SMEs). Not
      616 words
    • Article, Illustration
      Lock icon Samsung sends Apple a curved Note
      968 2  -  COMMENTARY AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT Technology Editor A WEEK ahead of Apple’s much-anticipated “exclusive event” on Sept 9, its Korean rival Samsung threw down the gauntlet on Wednesday by unveiling two versions of its latest-generation phablet, the 5.7-inch Galaxy Note 4. In its
      968 words
    • Article
      Lock icon GIC giving PE firms a run for their money by investing directly
      794 2 Reuters [SINGAPORE] Singapore’s GIC is taking the unusual step of investing directly in unlisted firms a move bankers say will be mimicked by other sovereign wealth funds as low yields spur fund managers to adopt a more hands-on
      Reuters  -  794 words
    • Article
      Lock icon Global appetite for M&A still strong: KPMG
      722 4  -  Corporates are also paying down debts, giving them more cash to fund deals By MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT [SINGAPORE] The appetite of the world’s largest companies for mergers and acquisitions (M&A) is expected to remain strong in the next six months though, this
      722 words
    • Article, Illustration
      Lock icon BOJ upbeat on economy, leaves monetary policy unchanged
      746 4  -  By ANTHONY ROWLEY in Tokyo THE Bank of Japan on Thursday stuck to its official line that the Japanese economy is continuing to recover “moderately” despite a second-quarter slump in growth caused by a consumption tax hike and sluggish exports. It consequently
      746 words
    • Article, Illustration
      Lock icon China media in bid to rekindle interest in stocks
      1053 4 Bloomberg [BEIJING] China’s staterun media are trying to do something the securities industry has failed to accomplish for much of the past three years: get the world’s biggest population to buy more stocks. The official Xinhua News Agency published at least
      Bloomberg; PHOTO: BLOOMBERG  -  1,053 words
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  • Page 4 Advertisements
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      79 4 V* gnrs CELEBRATE MID-AUTUMN WITH GOLDEN PEONY Celebrate Mid-Autumn Festival with Conrad Centennial Singapore's exquisite mooncake creations. Introducing new delectable flavours in our mini snow skin collection, Randan with White Chocolate, Kopi Latte, Pomelo with Melon Seeds and Water Chestnut with Corn Atapchi. Presented in a classic gold box with
      79 words
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      128 4 17 s 4^ Grand Prix Pool Party At Marina Mandarin Fancy Cars, Beautiful People and Fun Parties Find its Place at Grand Prix Season Singapore 2014 Expect an entourage of beautiful people and fun at the post-race party of two glamorous powerhouses aimed at race-goers and corporate bigwigs attending the
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon Outsource or take it in-house?
      1105 5  -  Shared service centres and outsourcing are becoming increasingly viable options for business transformation, reports MELVIN YONG The writer is general manager Singapore, CPA Australia THE push towards greater productivity, costs reduction and visible success of in-house shared services is fast persuading company management teams to
      STOCKXCHNG  -  1,105 words
    • Article, Illustration
      Lock icon US firm buying over Singapore eDev’s HotApps
      690 7  -  Buyer to fork out US$700m via shares, bonds for messaging software unit By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT AN American company soon to be listed on an over-the-counter bulletin board plans to acquire Singapore eDevelopment’s instant messaging software unit HotApps for US$700 million in
      FILE PHOTO  -  690 words
    • Article
      Lock icon UOB partners Japan’s ORIX for fund aimed at S-E A firms
      447 7  -  By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT UNITED Overseas Bank (UOB) has partnered New York-listed Japanese financial services company ORIX to launch a US$200 million mezzanine fund targeting mid-sized South-east Asian companies. UOB said on Thursday the United Orient Capital
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    • Article
      Lock icon UOB’s proposed A$300m notes get Aa1 rating
      393 7  -  Rating in line with bank’s Aa1 global local currency deposit rating By CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT THE proposed A$300 million (S$350.9 million) senior unsecured notes to be issued by United Overseas Bank (UOB) through its Sydney branch have been assigned an Aa1 debt
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    • Article, Illustration
      Lock icon Banks slow in going digital: report
      463 7  -  By JAMIE LEE leejamie@sph.com.sg @JamieLeeBT MANY banks, including Singapore’s traditional retail lenders, are still slow in implementing digital services demanded by customers, even as competition from non-traditional banks is heating up, a Bain Company report said. “Paving the way for digital attackers is the
      FILE PHOTO  -  463 words
    • Article
      Lock icon SGX, take a leaf or 2 from other bourses
      586 8  -  HOCK LOCK SIEW By R SIVANITHY WHEN looking at ways to enhance disclosures in the Singapore stock market, it is often instructive to study practices in other stock exchanges to see if any can be adopted for the local bourse. One
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    • Article, Illustration
      Lock icon Sheng Siong plans to place out 120m new shares
      392 8  -  By CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT IN a move to shore up capital for expansion plans, Sheng Siong Group Ltd has proposed a placement of 120 million new shares at 67 Singapore cents per unit via JP Morgan (SEA) Limited. Announced before
      FILE PHOTO  -  392 words
    • COMPANY BRIEFS
      • Article
        Lock icon STI constituents stay unchanged
        135 8 CONSTITUENTS of the Straits Times Index (STI) will remain unchanged following the latest quarterly review. The STI reserve list, comprising the five highest ranking non-constituents of the STI by market capitalisation, will be Keppel Land, UOL Group, CapitaCommercial Trust, Suntec Reit and Yangzijiang Shipbuilding Holdings. These
        135 words
      • Article
        Lock icon Charisma Energy bags US$72m contract
        117 8 CHARISMA Energy Services Limited has secured a US$72 million contract over a seven-year period to provide a fleet of five offshore support vessels to assist the marine and oil and gas activities of a Middle Eastern national oil company in the Arabian Sea. The provider
        117 words
      • Article
        Lock icon TIH’s Killian Court in asset deal
        81 8 KILLIAN Court a wholly owned subsidiary of TIH Limited and its fully owned unit TIHT Investment Holdings have entered into a share purchase agreement with Republic Technologies and Baytree Investments (Mauritius) to acquire a portfolio of assets for S$129 million. The assets include minority
        81 words
      • Article
        Lock icon OKP’s subsidiary recovering damages
        81 8 OKP Holdings’ wholly owned subsidiary, Eng Lam Contractors Co, is recovering damages against Hong Hua Engineering owner Koh Lai Wah Hui Lai Wah and Hong Hua’s former owner Wong Ah Kau for funds owed over certain projects. Mr Koh will have to pay around S$937,060 together
        81 words
    • Article
      Lock icon SunMoon taking 51% stake in fruit, vegetable business
      303 8  -  By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT SUNMOON Food Company has entered into a memorandum of understanding to acquire a 51 per cent stake in Ban Fresh’s fruit and vegetable business. It has inked the MOU with its executive chairman Gary Loh Hock Chuan,
      303 words
    • Article
      Lock icon Asia’s top brokers and stock analysts
      387 8  -  By CHAN YI WEN yiwenc@sph.com.sg @ChanYiWenBT DEUTSCHE Bank has emerged as the top brokerage firm in Asia under the 2014 StarMine Analyst Awards for this region. This is the 10th year that StarMine, a Thomson Reuters company, has presented its awards to Asia’s top
      387 words
    • Article, Illustration
      Lock icon Linc Energy starts ops at Arckaringa Basin
      311 8  -  Three well locations selected based on appraisal study by shale expert By CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT MAINBOARD-listed Linc Energy Ltd has started operations as part of its three-well drilling programme focused on the Boorthanna Trough in the Arckaringa Basin, South Australia. It said
      FILE PHOTO  -  311 words
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      468 5 TACKLING THE MANPOWER CRUNCH through effective Manpower Planning With the curbs on foreign labour, businesses have turned to technology to automate certain operations. Some businesses, however, remain challenged by the labour crunch. Some options to tackle this challenge include cross training or reskilling the existing workforce, rehiring older workers and
      468 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Stocks weaken in line with US, HK
      558 6  -  Fears over Ukraine, possible early US rate hike hold sway after Wednesday’s local equities surge STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent WEDNESDAY’sburst of interes t i n th e Straits Times I n d ex th a t d rove i t
      Source: Bloomberg  -  558 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      75 6 Sep 4 VALUE CLOSE BT OB/OS -270.00-103.00 BT CADI -*****.00-101.00 BT 10-day MA -*****.00 -27.00 FTSE ST Mid Cap 781.29 -0.77 FTSE ST Small Cap 551.65 -1.44 FTSE ST All Share 813.16 -0.72 FTSE ST China Top 200.24 +0.49 FTSE ST China 232.42 +0.80 FTSE ST Catalist
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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 0 11 3 0 0 0 0 11 3 Manufacturing 37 52 47 6 6 8 43 58 55 Commerce 17 27 14 3 6 8 20 33 22 Tpt/Stor/Comms 6 24 9
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    • Article, Illustration
      Lock icon BROKERS’ TAKE
      994 6  -  Compiled by KENNETH LIM Yoma Strategic Holdings Sept 4 close: S$0.705 DBS Group Research, Sept 4 YOMA has finalised its 1-for-3 rights issue to raise circa S$164 million to kick-start the Landmark development and to acquire more land in Pun Hlaing. This issue of 432.5 million rights shares
      Source: Bloomberg  -  994 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 21,947 21,947 83,905 83,905 Manufacturing 261,550 168,958 430,508 138,633 9,808 148,441 Commerce 380,815 38,385 419,200 212,757 3,091 215,848 Tpt/Stor/Comms 74,358 10,018 84,376 91,672 1,921 93,593 Finance 21,627 262 21,889 180,731 64 180,794 Construction 42,140 78,035
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    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      121 6 Stock name Close Change Ascendas Reit 2.370 +0.020 CapitaLand 3.370 -0.010 CapitaMall Trust 1.990 -0.005 CityDev 9.970 -0.040 ComfortDelGro 2.570 -0.020 DBS Grp 18.180 +0.120 Genting Sing 1.210 -0.010 Global Logistic 2.940 +0.020 Golden Agri-Res 0.515 HPH Trust USD 0.710 -0.005 HongkongLand USD 7.040 +0.050 JMH
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    • Article, Illustration
      Lock icon Euro at 14-month low vs US$ after ECB rate cut
      534 6 CURRENCIES Reuters AFP [LONDON] The euro fell broadly to hit a 14-month low against the US dollar on Thursday, after the European Central Bank cut interest rates to ward off the threat of deflation, catching many investors by surprise. It
      Reuters; AFP; PHOTO: BLOOMBERG  -  534 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      61 6 VOLUME Sheng Siong 178,796,000 Digiland Intl 99,170,000 Elektromotive 90,204,000 APAC Strategic 57,507,000 Mirach Energy 52,190,000 Metal Component 50,565,000 IHC 50,312,000 GRP 48,697,000 Charisma Energy 41,157,000 Rex Intl 40,474,000 VALUE($) Sheng Siong 120,112,910 OCBC Bank 85,262,810 DBS Grp 56,477,239 Keppel Corp 47,852,090 JMH 400 USD 33,635,993 Ascendas Reit
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    • Article
      Lock icon RISES
      120 6 BY CENTS CLOSE UP DBXT USDIGInfl 5US$ ***** 144.0 0.4 DBXT FTChina25 10US$ 3357 127.7 3.1 JMH 400 USD 6309 85.1 1.1 Lyxor ThaiSET 10US$ ***** 81.4 0.5 DBXT AUD Bonds 5AU$ ***** 79.5 0.3 DBXT iBoxxUSTr 5US$ ***** 70.1 0.3 Lyxor China H 10US$ 1565 68.8 3.6 DBXT
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    • Article
      Lock icon FALLS
      129 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -140.2 -0.8 SPDRS S&P 500 10US$ ***** -122.7 -0.5 SPDR DJIA 10US$ ***** -90.1 -0.4 DBXT MSUSA 10US$ 5012 -52.6 -0.8 Lyxor Indonesia10US$ 9453 -51.3 -0.4 Jardine C&C 4458 -50.0 -1.1 DBXT MSTaiwan 10US$ 2291 -27.5 -1.0 DBXT S&P500 10US$ 3328
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    • Article, Illustration
      Lock icon FTSE CATALIST INDEX
      4 6 DAILY
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      233 7 I r ©YAMAHA GRAND PIANO FAIR 2014 A From 1 to 21 September 2014. The fair will showcase an extensive range of acoustic and digital grand pianos. Visit us for details on the special promotions, sales premiums and additional tunings. GRAND PIANO CSX NOW $33,800 Usual $43,000 Benefitting from improvements
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      129 8 For Sale Melbourne, Australia Infill Development Site 37–39 Buick Crescent, Mill Park, Victoria, Australia Land parcel of approx 3.986 hectares Zoned General Residential with a Design and Development Overlay with particular focus on higher density development Located in the northern growth corridor abutting the Westfield Plenty Valley Shopping Centre and
      129 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Sim Lian tops bids for EC site, beating market expectations
      860 10  -  Its S$361 psf ppr bid for Choa Chu Kang plot beats 7 others but is close to average price for inferior sites in Feb By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT THE latest state tender for an executive condominium (EC) site in
      BT Graphics: Jennifer Chua Source: JLL Research, HDB  -  860 words
    • Article
      Lock icon Singapore Business Review picks 20 most influential young lawyers
      466 10  -  Aged 40 and below, 7 are from Rajah Tann and 4 from Stamford Law By MICHELLE QUAH michquah@sph.com.sg @MichelleQuahBT THE Singapore Business Review (SBR) has drawn up a list of 20 young lawyers that it considers the most influential of their
      466 words
    • Article
      Lock icon Professionals here prefer new skills to higher pay: poll
      356 10  -  By CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT PROFESSIONALS in Singapore are more willing to trade climbing the corporate ladder for acquiring new skills. The results from Kelly Global Workforce Index showed that 51 per cent of Singapore respondents opted for new skills, placing
      356 words
    • Article
      Lock icon Maybank goes family-friendly
      358 10  -  Bank hopes to double number of young savers By JAN LEE janlee@sph.com.sg MAYBANK’s new fami-ly-oriented programme Maybank Family Plus will be able to offer parents up to three times the monthly interest on their child’s savings account. The programme is a combination of three existing features under
      358 words
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      26 10 Everything, plus the kitchen sink Select furniture for your home or showcase your merchandise in CLASS 114 To advertise, call the Print Classified Hotline: 1800-289 9988
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      51 10 2014 MANU FACTURINGSOLUTIONSEXPO Empowering Manufacturing Sectors with Solutions 8 to 10 October 2014 Suntec Convention Exhibition Centre Halls 401 403 ms-expo.com SB 0= 4 4 > To Exhibit: Tel: +65 6319 4021 Email: mse@sph.com.sg To Visit: Pre-register at ms-expo.com Organised by: sphere A SUBSIDIARY OF Sfh In partnership with Singapore
      51 words
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      8 10 www.omy.sg L 1 UFM100.31? g£U£ m m showbiz.omy.sg
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  • VISIONARIES
    • Article, Illustration
      Lock icon Building respect for a brand
      1247 11  -  Oliviero Botinelli has spent the last 18 years in Singapore helping Audemars Piguet gain both market share and recognition as a bona fide luxury timepiece in the region. KANreports FRANCIS KAN WHEN Oliviero Botinelli arrived in Singapore in early 1996 from Switzerland, his plan was
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      82 11 MOBILITY WITHOUT LIMITS. > .M1P8 M4 :MN/6NQ6N:6 .Q0S ,’GR 6P6:01Q: 4M1 6/61-<O. %J >W5HT= F+ AU (A 5%;& HDD+== ;A TA9? A5U &AV+ D&H?(%U( 9U%;K H= 5+WW H= V9W;%@W+ @9FW%D D&H?(%U( A9;W+;=J 6U#AT DAV@W%V+U;H?T <O. ?+U;HW *A? ADDH=%AU= 5&+U TA9 U++B ;A (A B%=;HUD+J :A9@W+B 5%;& @?+V%9V =9@@A?; HUB VAU%;A?%U(
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon M’sian builders face profit margin squeeze
      492 12  -  Consumers cautious with spending as costs go up and GST looms By PAULINE NG in Kuala Lumpur DESPITE a softening property market, Malaysia’s developers have managed to retain their profit margins but are expected to face a margin squeeze in the coming quarters because
      FILE PHOTO  -  492 words
    • Article
      Lock icon E-procurement the way for Jokowi to fight graft effectively
      600 12 Bloomberg [JAKARTA] Indonesia’s incoming president Joko Widodo will need to move bureaucracy online across the world’s largest archipelago to better tackle corruption, the country’s financial crime agency said. “What needs to be improved is that all transactions in the spending of
      Bloomberg  -  600 words
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      966 12 A special feature brought to you by r STJOBS.sg Social »> jui. OD zm A Myths loj ii^ Article by Tom Abbott, an international sales expert and author of'lhe SOHO Solution: 21 Selling Strategies for Growing Your Small Business’ and ‘Social Selling: The Evolution of Sales’ forthcoming). There’s never been
      966 words
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      3876 13 THE BUSINESS TIMES Ik 1 f 1 ✓"'I Toll free 1800-289-8822 I fl I Email notices@sph.com.sg 1 j www.sphclass.com.sg/notices Ill SEE HUP SENG LIMITED (Company Registration Number *****2208Z) (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of See
      3,876 words
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      498 13 HAW PAR CORPORATION LIMITED Company Registration No. *****0437M (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATES Notice is hereby given that the following share certificates have been Notice is also hereby given that new share certificates will be issued and the above original share certificate will be deemed duly
      498 words
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  • CHINA/INDIA
    • Article, Illustration
      Lock icon I’m here to acknowledge India’s importance: Aussie PM
      482 14 AFP [MUMBAI] Australia’s prime minister said on Thursday that India offered an “abundance of opportunities”, on the first day of a visit during which he is expected to sign a long-await-ed uranium deal with the energy-starved nation. Tony Abbott is expected to
      AFP; PHOTO: AFP  -  482 words
    • Article
      Lock icon China eases funding rules for listed property firms
      441 14 Developers of affordable homes allowed to issue bonds but cash cannot be used to buy land Reuters [BEIJING] China is relaxing its financing rules for listed property firms by allowing those that qualify to sell medium-term notes in the interbank market, three
      Reuters  -  441 words
    • Article
      Lock icon Chinese police investigate executives of business newspaper for extortion
      471 14 Reuters [BEIJING] Police in Shanghai are investigating eight people, including employees of the 21st Century Business Herald newspaper, on suspicion of extortion, China’s official Xinhua news agency said on Thursday. Citing the police investigation that started last year, Xinhua said: “After
      Reuters  -  471 words
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      204 14 Limited Slots left for Qualifiers Want to play golf for Singapore? Here’s your chance to compete with golfers in your handicap categories! SINGAPORE QUALIFIERS 23 29 September (pick one or join both) Sentosa Golf Club, Tanjong Course TOP 80 QUALIFY FOR FINAL ONE-TIME ENTRY FEE $588 Sponsors *HOLE-IN-ONE Lotus Evora
      204 words
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      324 15 the Business Times Get the big picture anytime, anywhere Subscribe to The Business Times All-in-One PLUS and receive the Dell Mobile Projector M115HD worth S$1,000. 44.99 /month THE BUSINESS TIMES ALL IN ONE PLUS The Business Times ta ks <°Luxury watch sales United Engineers as?. seen picking up in H2
      324 words
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  • WORLD
    • Article
      Lock icon Cybercriminals using hired Russia computers
      1041 16 JPMorgan cybersleuths find clues that such computers were used to transmit stolen data Bloomberg [WASHINGTON] JPMorgan Chase’s own investigators have found clues that a global network of computers available for hire by sophisticated criminals was used to re-route data stolen from the bank to a
      Bloomberg  -  1,041 words
    • Article, Illustration
      Lock icon UK retail investors watch, wait ahead of Scotland vote
      688 16 Reuters [LONDON] The prospect of major financial fallout from a “yes” vote in Scotland’s independence referendum in two weeks’ time could have a big impact on retail investors, but there are no signs yet they are moving their money. An independent
      Reuters; PHOTO: AFP  -  688 words
    • Article, Illustration
      Lock icon Spending cuts at WHO hinder timely response to Ebola crisis
      860 16 NYT [WASHINGTON] The Ebola epidemic has exposed gaping holes in the ability to tackle outbreaks in an increasingly interconnected world, where diseases can quickly spread from remote villages to cities housing millions of people. The World Health Organization (WHO), the
      NYT; PHOTO: AFP  -  860 words
    • Article
      Lock icon Goldman Sachs eyes US$500m sukuk issue
      738 16 Reuters [DUBAI] Goldman Sachs is reviving plans to issue at least US$500 million worth of Islamic bonds, a sign that Islamic finance is going mainstream as big conventional banks seek to tap Middle Eastern money. The US bank will meet investors in Qatar next
      Reuters  -  738 words
    • Article
      Lock icon July exports narrow trade gap to six-month low
      536 17 Labour costs in second quarter far more weaker than previously thought LATEST US DATA Bloomberg Reuters [WASHINGTON] The US trade deficit unexpectedly narrowed in July to the lowest level in six months as exports climbed to a record high, supporting views of
      Bloomberg; Reuters  -  536 words
    • Article
      Lock icon Investors eye sports marketing company Infront
      389 17 Reuters [FRANKFURT] Swiss sports marketing company Infront Sports Media AG has been approached by a number of potential new investors as it seeks to fund further expansion, its chief executive said in an letter obtained by Reuters. Infront, bought by private equity firm Bridgepoint
      Reuters  -  389 words
    • Article, Illustration
      Lock icon German factory orders post big jump in July
      546 17 Strongest show in a year shows Ukraine impact is muted Reuters [BERLIN] German industrial orders rose at their strongest rate in more than a year in July, raising hopes that Europe’s biggest economy may yet weather the crisis in Ukraine and bounce
      Reuters; PHOTO: REUTERS  -  546 words
    • Article
      Lock icon US growth steady, business more optimistic: Beige Book
      409 17 AFP [WASHINGTON] The US economy is growing steadily with little sign of change of pace, but businesses are generally more optimistic about the future, according to the Federal Reserve’s newest Beige Book report on Wednesday. The survey of regional economies reiterated the
      AFP  -  409 words
    • Article
      Lock icon Microsoft unveils its new range of Lumia smartphones
      362 17 Reuters [BERLIN] Fresh from acquiring Nokia’s handset business, Microsoft unveiled the first of its new range of Lumia smartphones on Thursday, priced to challenge a market dominated by volume leader Samsung and Apple Inc. A week before Apple is expected to launch
      Reuters  -  362 words
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      1191 17 VISTRA CORPORATE SERVICES (SEA) PTE. LTD. (Company Registration No. *****2608Z) (the "Company") NEWSPAPER NOTICE Notice is hereby given pursuant to Sections 76(10)(h) and 76(12) of the Companies Act, Chapter 50 of Singapore (the "Companies Act"), that at an Extraordinary General Meeting of the Company deemed to have been duly convened
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  • EDITORIAL & OPINION
    • Article
      Lock icon Skill up to keep Singapore competitive
      482 18 EDITORIAL THE latest country competitiveness report as well as a couple of business survey reports released over the past week show that Singapore’s core strengths of infrastructure, transparent policymaking, prudent fiscal management, and a stable and clean government remain intact. However, the findings also
      482 words
    • Article
      Lock icon US unable to phase out big banks’ implicit govt subsidy
      850 18  -  THE BOTTOM LINE By SIMON JOHNSON The writer is a professor at MIT’s Sloan School of Management and the co-author of ‘White House Burning: The Founding Fathers, Our National Debt, And Why It Matters To You’ Project Syndicate TWO hundred
      Project Syndicate  -  850 words
    • Article, Illustration
      Lock icon Kuroda may be the fall guy should Abenomics fail
      1365 18  -  He worries in private, confidantes say, about whether the third arrow will really materialise ANTHONY ROWLEY Tokyo Correspondent TEN years (at least) too late, or better late than never? That is the question overhanging Japan Prime Minister Shinzo Abe as he
      PHOTO: REUTERS  -  1,365 words
    • Article, Illustration
      Lock icon SBY: Thank you, Singapore
      2212 19 SBY: Thank you Singapore Dr Yudhoyono sees both sides evolving a healthy social and economic symbiosis, progressing and prospering together INDONESIAN President Susilo Bambang Yudhoyono, who steps down on Oct 20 after 10 years at the helm, was in Singapore this week for his final state visit at the invitation
      PHOTO: AFP  -  2,212 words
    • Article, Illustration
      Lock icon Fatal attraction – The fallacy of stock awards
      895 19  - Fatal attraction The fallacy of stock awards SANJEEV NANAVATI The writer advises CEOs and company boards on delivering outperformance. He recently stepped down as the longest-serving CEO of Citibank in Malaysia. Currently, he is president of the American Malaysian Chamber of Commerce THE standard narrative in public companies goes like
      895 words
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  • PROPERTY
    • Article, Illustration
      Lock icon Hedge fund chief pays US$71.3m for NY home
      666 20 Bloomberg [NEW YORK] Israel Englander, the founder and chief executive officer of hedge fund firm Millennium Management, bought a duplex apartment on New York’s Park Avenue for US$71.3 million, a record price for a Manhattan co-op. The seller was the government of
      Bloomberg; BLOOMBERG FILE PHOTO  -  666 words
    • Article
      Lock icon Aug HDB resale prices fall 1.1% from July: SRX
      453 20  -  This is within consultants’ ‘soft landing’ expectations By LYNETTE KHOO lynkhoo@sph.com.sg@LynetteKhooBT [SINGAPORE] HDB resale prices likely remained on a slide in August, with latest data from the Singapore Real Estate Exchange (SRX) suggesting a 1.1 per cent drop in resale prices
      453 words
    • Article, Illustration
      Lock icon Investors chasing property outside US at record pace
      1176 21 SPDR Dow Jones ETF attracts net inflows of US$304m in August Bloomberg [SEATTLE] Investors are putting money into real estate companies outside the US at a record pace as interest rates recede, economies expand and opportunities remain to buy assets at discounts
      Bloomberg; PHOTO: BLOOMBERG  -  1,176 words
  • Page 20 Advertisements
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      657 20 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 SIXTH AVENUE 2 Sty
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      155 20 D11 21 HOUSE FOR RENT LORNIE 18 Cluster bunglw Resort Living. Superb layout with home lift. 4500sf onwards. 4+1+1 rms. 2 yrs lease. Rental $11Kneg. 6296 6036/ 9670 0518 D13 HOUSE FOR RENT DUNSFOLD DRIVE 3-storey Detached Dunsfold Drive. Land 5600/7500 sqft. 6 rms all attached. Immediate. $16.5K. Call Richard
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      63 21 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements the business Times CLASSIFIED BUY IT SELL IT FIND IT D09 APARTMENT FOR RENT SCOTTS SQUARE Beautiful 1-bdrm #18, $5k+ 2-bdrm #13, $6k+ Furnished. Near Orchard MRT. Immediate. D09 APARTMENT FOR RENT SOPHIA RESIDENCE 1820 sf. 4 bedrooms for rental $8K p/mth
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      150 21 D09 APARTMENT FOR RENT THE ORCHARD RESIDENCES Right on ION Orchard! 3+1, 2174 sf. High floor. Partially furnished. MRT, amenities, full concierge service. Call CT Ong 9846 9988 CBRE D12 APARTMENT FOR RENT MEZZO BALESTIER MEZZO/ ROCCA Balestier 2-bdrm/ 3-bdrm Fully Furnished. High floor. Squarish. Windy. View by Appt. Hurry
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      81 21 D08 SHOP FOR SALE LITTLE INDIA Conservation 2½-storey. Freehold. Land 6660/ Built-in 11,450sf. Vibrant tourists area. Attractive yield! Hazel 9633 8677 DW D09 SHOP FOR SALE RIVER VALLEY Freehold! Last 2 units! Only $3xxx psf at River Valley! Complete with private toilet. Next to 2 MRTs. Call Maureen 9817 0028
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      67 21 D15 OFFICE FOR SALE PARKWAY CENTRE $15XX psf! 828/ 1098/ 1130/ 1356 sqft. Sea view. Tenanted. Yield 3.5-4.7% Alice Teo 9850 7506 D23 FACTORY FOR SALE THE ELITIST Newest B1 Industrial Bldg. Many for Sale Rent! Many sizes. Price Neg! Thomas Lim 8298 2284 FOREIGN PROPERTY FOR SALE F&B RETAIL
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  • AVIATION
    • Article, Illustration
      Lock icon Airshow 2014 pumped S$319m into economy
      356 22  -  25% growth over 2012 show fuelled by foreign visitors’ higher spending By CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT A HIGHER foreign expenditure at the Singapore Airshow, Asia's largest aerospace and defence exhibition, injected S$319 million to the Singapore economy this year, an increase of 25 per
      PHOTO: YEN MENG JIIN  -  356 words
    • Article
      Lock icon MAS’ revamp to address root of problems: analysts
      560 22 AirAsia X seen as the only clear winner from restructuring [KUALA LUMPUR] Malaysia Airlines’ (MAS) massive overhaul of its business model and sticky cost structure hits at the heart of what needs to be done for the national carrier, said analysts. On
      560 words
    • Article
      Lock icon Preliminary report on crash expected on Tuesday
      261 22 MALAYSIA AIRLINES MH17 TRAGEDY AFP [THE HAGUE] Dutch air crash investigators have announced that they will release a preliminary report next Tuesday into what brought down flight MH17 over east Ukraine, killing 298 passengers. “The preliminary report will present factual information based on
      AFP  -  261 words
    • Article
      Lock icon TRANSPORT STOCKS
      241 22 SGX '000 Sep 04 S$ +/-Vol Ch Offshore '000 Chuan Hup Hldg 0.30 0.01 177 s$ Cwt Limited 1.73 -0.05 1859 Vol First Ship Lea Grand Banks 0.27 -0.01 88 Jaya Hold Ltd Chuan Hup Hldg K1Ventures 0.19 unch 373 Keppel Corp 10.85 -0.13 4421 Mercator Lines.........unch unch
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    • Article
      Lock icon EU aviation regulator wants to improve coordination
      352 22 It wants to set up a European alert system to process information about conflict zones Reuters [BRUSSELS] European safety regulators called on Wednesday for better coordination of information about threats to aviation after the downing of flight MH17 in July. The destruction of
      Reuters  -  352 words
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      256 22 Getyour 5th ‘C’ here Choose from various club memberships or sell yours in CLASS 66 To advertise, call the Print Classified Hotline: 1800-289 9988 GET THE STRAITS TIMES ON THE GO WHEREVER YOU ARE SUBSCRIBE NOWAND CHOOSE ONE OF THE FOLLOWING GADGETS ON THE GO 1 i 2 YEAR PLAN
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  • Article
    Lock icon SHIPPING TIMES
    2120 23 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE
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      54 23 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times PLACE YOUR AD HERE THE BUSINESS TIMES SHIPPING TIMES CALL JOE WONG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? The
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      120 24 Shipping lines seeking reliable Can they find your services here in the Shipping Times? The Business Times TO ADVERTISE, CALL JOE WONG AT *****327 Publicise Your Del iver y Newbuildsl Come publicise your Ship Christenings Delivery of Newbuilds, Project Completion, Vessel Conversion Refurbishment, Award Wins Certifications, Corporate Image, Corporate Developments
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4048 25 Transaction date: Sep 4 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 AAT 13 10.4 8Telecom Last Quote Div Gr Yld Net M Cap 14.2 6.7 AIMS Property 14 unch 8
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    • Article
      Lock icon SGX CATALIST
      364 26 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 32.5 25 t 3Cnergy 500 Last Vol Day Last Quote Div Gr Yld Net 43.5 28 t Alliance Mineral 32.5 -1.5 2812 34 32.5
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    • Article
      Lock icon UNIT TRUST & FUNDS
      10757 26 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alpha Fund (USD)!** 1.28/ Aberdeen Asset Mgt Asia Limited 1.0122/ China Opportunities 1 3 0636/ European Opportunities 1 China Opportunities USD!** Global Emerging Markets USD Global Opportunities USD Global Technology India Opportunities USD!** 0.5911/
      10,757 words
    • Article
      Lock icon GLOBALQUOTE
      248 26 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 64 50 AVJennings A64xd +1 2 64 63 63 65.5 3.6 5.5 5.2 237 343 250 TanChongInt HK308cd -2 75 310 305 306 308 9.7 3.4 3
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    • Article
      Lock icon SGX ETF
      1079 26 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 139.1 119 CIMB APAC Div 100S$D 139.1cd +0.9 139.1 139.1 139 139.7 110.5 94 CIMB APAC Div 100US$ US110.5cd +0.1 110.5 110.5 109.4 111.6 11.6
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      661 27 Sep 4 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.61 *****.76 *****.59 Sep14 *****.00 *****.00 *****.00 *****.00 *****1 *****0 Dec14 *****.00 *****.00 *****.00 *****.00 1497 ***** MSCI TAIWAN INDEX FUTURES SPOT 345.44 345.44 342.62 Sep14 345.00 346.60 341.80 343.30 ***** *****7 Oct14 346.00
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 27 In local curr In S$ In US$ dy yr dy yr dy yr Sep 3 Index Change Change Change Change Change Change World Preliminary 1259.7 0.2 6.3 0.1 4.6 0.3 5.5 EAFE Preliminary 985.4 0.7 3.0 0.6 0.3 0.7 1.1 Europe Preliminary 1405.4 0.8 3.7
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    • Article
      Lock icon INTERBANK CROSS RATES
      471 27 Sep 4 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 5.729 0.710 7.237 56.449 109.840 0.980 9.513 2.969 1.122 95.093 40.742 1.169 9.978 0.858 27.955 29.916 0.568 0.934 Canada 0.983 5.629
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    • Article
      Lock icon SIBOR
      39 27 Sep 4 (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 6 mths Source: Thomson Reuters
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    • Article
      Lock icon GOVERNMENT SECURITIES
      76 27 Sep 4 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 NY*****F 3.75 01-Sep-16 106.41 5-Year NX*****W 2.5 01-Jun-19 105.12 10-Year NY*****H 3.000 01-Sep-24 105.92 106.00 105.99 15-Year
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    • Article
      Lock icon PRECIOUS METALS
      120 27 Sep 04 GOLD(US$/oz) Sep 04 Sep 03 Hong Kong 1274.00 1268.00 Sep 03 Sep 02 London 1267.46 1264.87 1268.02 1265.33 Source: Thomson Reuters CAST BAR Sep 04 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 49 5gm 308 253 10gm 573 509
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    • Article
      Lock icon PALM OIL
      57 27 Sep 4 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 14 1982.0 1984.0 2012.0 1980.0 311 2209 Oct 14 1984.0 1982.0 2034.0 1971.0 4558 ***** Nov 14 1977.0 1978.0 2033.0 1965.0 ***** *****8 Dec 14 2013.0 2013.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 27 Sep 4 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1685 1.1699 0.9335 0.9339 Canadian dollar 1.1481 1.1495 0.9176 0.9173 Euro 1.6449 1.6464 1.3141 1.3143 NZ dollar 1.0412 1.0427 0.8318 0.8324 Sterling pound 2.0590 2.0611 1.6450 1.6453
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    • Article
      Lock icon CHICAGO BOT
      109 27 Sep 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 14 1080.75 1097.25 1092.25 1065.25 Nov 14 1020.00 1032.00 1028.75 1012.50 Jan 15 1027.50 1039.75 1036.50 1020.50 Mar 15 1035.00 1047.00 1044.25 1028.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 14
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    • Article
      Lock icon LIFFE
      95 27 Sep 3 COCOA (£/tonne) Close Prev High Low Sep 14 2000 2002 2022 1985 Dec 14 1992 1990 2014 1985 Mar 15 1968 1966 1989 1961 May 15 1958 1956 1964 1951 COFFEE(US$/tonne) Close Prev High Low Sep 14 2048 2090 2080 2055 Nov 14 2062 2112 2119 2061
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    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      1023 27 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4.7 0.3 1 -56 3.80 46 Asia-Pacific Strategic W*****6 3.5 -0.1 7210 1 2 56 Ratio Exer Ascendas REIT MB eCW*****3 2.4 0.2 230 2 Asiatic Grp(Hldgs) Ltd
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    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 27 CRUDE OIL PRODUCTS Sep 03 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 102.47 1.33 WTI (Near Mth) 95.37 2.42 Dubai (1-Mth F) 100.20 -0.44 Tapis blend 103.22 -0.62 Minas 98.72 -0.12 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 96.47 -1.59 Jet Kerosene 115.11 -0.78 US$/barrel OpecOil Basket
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    • Article
      Lock icon US$/S$ FORWARD RATES
      22 27 Sep 4 S$ Bid Offer 1-month 1.2517 1.2527 2-months 1.2517 1.2527 3-months 1.2517 1.2527 6-months 1.2516 1.2526 Source: OCBC
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    • Article
      Lock icon LONDON METALS
      65 27 Sep-03 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2061.50 2089.00 3 months 2079.00 2107.00 Copper, Grade A(US$/tonne) Cash 6926.00 6983.00 3 months 6904.00 6968.00 Lead(US$/tonne) Cash 2198.75 2234.00 3 months 2208.00 2239.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.00
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 27 As at 9am Sep 04 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.195 1.139 Can dollar 1.170 1.125 Euro 1.683 1.603 Sterling pound 2.097 2.017 NZ dollar 1.064 1.024 US dollar 1.275 1.215 Local dollars to 100 units of foreign
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    • Article
      Lock icon INTERBANK RATES
      157 27 Sep 4 $S Offer Bid 0vernight 0.05 par 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.06 US$ 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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  • Page 30 Advertisements
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      31 30 SHOULD DHONI STEP DOWN? We ask the Indian cricket captain’sfans in Singapore Rajasthan’s water ATMs GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      33 31 SEPTEMBER ISSUE OUT NOW! Enjoy40% OFFwhen you subscribe to the print edition now! PLUS 3 lucky subscribers will win a gift hamper from Klipsch and SONOS, worth more than $800 each! Visit www.hardwaremag.com
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  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      364 31 CRYPTIC CROSSWORD Across 1 Competitor deemed to be superior may have understood (3,3,5) 7 Person who may lose something in the tube (7) 8 Engineers exhausted and in bed? (7) 10 Relation who is bound to appear after death? (5) 11 Scared nob in disguise, one on the run (9)
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  • executive lifestyle
    • Article, Illustration
      Lock icon Creepy, growing success
      1524 32  -  Filmmakers here are putting their stamp on Asian horror as the genre gets increasing recognition in Hollywood, reports DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT I T’S not just sex that sells; horror seems to be doing just as well. Whether it’s locally made, from the region or Hollywood, in
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    • PURSUITS
      • Article, Illustration
        Lock icon A mature selection to nurture and relish
        1166 28  -  Mature champagne is not something you will find off-the-shelf. The only way, and the cheapest, is to age it oneself, writes NK YONG I T is in the human DNA to strive upwards, in a continual search for the best. Just as some
        PHOTO: NK YONG  -  1,166 words
      • Article, Illustration
        Lock icon Following her gut to become an arts impresario as well
        819 28  -  By CHEAH UI-HOON uihoon@sph.com.sg FOR years now, the Spa Esprit Group’s Cynthia Chua has been a powerhouse of things lifestyle in Singapore –starting with wellness and beauty, and expanding into restaurants and cafes. Now, she wants to move into the
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      • Around Town
        • Article, Illustration
          Lock icon Pick of the week
          257 28  -  By RACHEL LOI rachloi@sph.com.sg @RachelLoiBT WHO doesn’t love a good sword-eat-ing show, juggling clown comedy, or a little magic? At the fifth edition of the Sentosa Buskers Festival you can catch all these and more with international and local performers taking over the Palawan Beach and
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        • Article
          Lock icon Exhibitions
          467 28  -  By GEORGINE VERANO gverano@sph.com.sg Nando’s X NOISE Singapore Street Art Mural Competition: The latest event in the NOISE Singapore festival promises to thrill as six finalists from the Nando’s X NOISE Singapore Street Art Mural Competition compete for S$3,000 in cash and S$500 worth of Nando’s vouchers in a
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    • ARTS
      • Article, Illustration
        Lock icon 2 local artists in tussle for hefty prize
        1001 29  -  This year’s winner of the triennial APB Foundation Signature Art Prize gets S$60,000, up from S$45,000 previously. LOIreports RACHEL LOI rachloi@sph.com.sg@RachelLoiBT TWO Singaporean artists have been included among 15 finalists for one of the region’s richest arts awards the Asia Pacific Breweries
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      • Article, Illustration
        Lock icon Big boost from M1 for modern dance here
        735 29  -  By CHEAH UI-HOON By uihoon@sph.com.sg TELCO M1 is putting its branding behind yet another arts festival and this time, it’s contemporary dance. While M1 has been a sponsor for T.H.E. Dance Company’s Contact Contemporary Dance Festival for a few years now, the
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      • Article, Illustration
        Lock icon A look at home from afar
        574 29  -  By RACHEL LOI rachloi@sph.com.sg @RachelLoiBT STEP into the Earl Lu Gallery and you’re immediately drawn to the light from three panels of fluorescent light bulbs arranged to look like window blinds. On the right is a disturbing pair of human eyeballs darting about on
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      • Article, Illustration
        Lock icon Ancient ritual dance bewitches and baffles
        615 30  -  Japan’s oldest and most sacred dance remains inaccessible to most, reports HELMI YUSOF SINGAPORE INTERNATIONAL FESTIVAL OF ARTS reports HELMI YUSOF FOR many, the initial draw of Sambaso at the Singapore International Festival of Arts was the fact that legendary photographer Hiroshi Sugimoto had
        PHOTOS: CHONG YEW, SIFA  -  615 words
      • Article, Illustration
        Lock icon Quiet, hard-hitting chamber piece
        612 30  -  By CHEAH UI-HOON uihoon@sph.com.sg HOW does one take an issue as horrific as corrective rape and/or homophobic murder and craft a performance piece out of it? While I Stand Corrected was loaded with heavy issues, South African dancer/performer Mamela Nyamza and British writer/performer Mojisola Adebayo’s collaborative
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      • Article, Illustration
        Lock icon Molotov cocktail of race, class and sex
        541 30  -  By HELMI YUSOF helmi@sph.com.sg@HelmiBT MIES Julie, a South African adaptation of the classic play Miss Julie, arrives in Singapore armoured in critical praise. Having toured London, New York and other art capitals in the past two years, it has received near-universal acclaim for
        PHOTO: RODGER BOSCH  -  541 words
    • CINEMA
      • Article, Illustration
        Lock icon Teenage-romance drama with nice, supportive cast
        658 31  -  How much you’ll like If I Stay depends on the 12-year-old girl inside you, if there’s one, says DYLAN TAN DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT YOU can’t exactly say the fault is in her stars as the kick-ass (pun intended) Chloe Grace Moretz does her
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      • Article, Illustration
        Lock icon The lives of regular people in a pivotal year
        637 31  -  By GEORGINE VERANO gverano@sph.com.sg SINGAPORE’S 50th birthday celebrations will spread to the big screen with 1965 a film on the life-changing events in the country half a century ago. But like the birth of a nation, putting the movie together was
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      • Article, Illustration
        Lock icon A sequel that never quite takes off
        459 31  -  By DYLAN TAN dylantan@sph.com.sg @DylanTanSYBT DISNEY’S Planes: Fire Rescue initially gets off to a flying start with some fantastic aerial CGI shots but hits turbulence pretty fast despite its brief and tolerable running time of just over 80 minutes. Maybe expectations are just
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