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  1. #3503
    Regular Member Loh's Avatar
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    Default GOVERNMENT OF SINGAPORE INVESTMENT CORP: GIC doubles stake in CICC

    The Straits Times
    Dec 10, 2010

    By Aaron Low

    THE Government of Singapore Investment Corp (GIC) has made one of its largest investments this year, pumping an estimated US$290 million (S$380 million) into China International Capital Corp (CICC).

    GIC's stake in the Chinese investment bank will more than double to 16.35 per cent from 7.35 per cent. This makes the Singapore firm the second largest shareholder, after China's state investment firm Central Huijin Investment.

    CICC has interests in asset management, fixed income and private equity investing.

    GIC is a founding shareholder, having bought into the company when it was set up in 1995.

    It bought this latest stake from Morgan Stanley, after the US bank received regulatory approval to sell its 34.5 per cent holding to a group of investors, including GIC.

    The move will allow GIC to tap into the growth of China's finance sector.

  2. #3504
    Regular Member Loh's Avatar
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    Default CANCUN CLIMATE TALKS: Climate talks cannot fail: SM

    The Straits Times
    Dec 10, 2010

    By Jessica Cheam , Environment Correspondent

    CANCUN (MEXICO) - BOTH developed and developing countries must summon the political will and converge on how to deal with climate change, said Singapore's Senior Minister S. Jayakumar.

    When there is such a will, they can then forge a global legally binding agreement, which will ensure that commitments will be based on rules applied across the board.

    This will help the world avoid a worst-case scenario in which dissent among nations could lead to a failure of multilateral negotiations.

    This underlines the importance of the ongoing climate talks at Cancun, said Prof Jayakumar, who on Wednesday described them as 'an important turning point'.

    'In that sense, we are at a crossroad. The future direction of climate change negotiations depends on what we do here or fail to do,' he declared.

    Prof Jayakumar was speaking at the high-level segment of the summit, which he is attending with Minister of the Environment and Water Resources Yaacob Ibrahim.


    Professor Jayakumar (right) outlined three possible scenarios for the negotiations which he says are 'rough sketches that foretell possible stories of the fate of our collective endeavours'. -- PHOTO: MFA
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  3. #3505
    Regular Member Loh's Avatar
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    Default DPM TEO IN INDONESIA: S'pore, Jakarta key partners

    The Straits Times
    Dec 10, 2010

    Both have responsibility to ensure bloc sets agenda for the region

    By Lynn Lee, Indonesia Bureau Chief

    JAKARTA - THE Asean community is investing a significant effort to ensure that the region remains stable, and Indonesia and Singapore are key partners in this mission.

    Defence Minister Teo Chee Hean made this point on Thursday when addressing about 90 students from Indonesia's Defence University, as part of a two-day visit to Indonesia.

    Mr Teo, who is also Deputy Prime Minister, said that Asean had always played a central role in the security of the resource-rich South-east Asian region. This was where strategic sea lanes and the key interests of large powers like the United States and China intersect.

    But this central position could not be taken for granted, he said, pointing to the recent tension on the Korean peninsula and the uncertain nature of the US-China relationship as potential challenges for the region.

    Singapore and Indonesia, as founding members of the 10-country bloc, had a responsibility to keep Asean 'firmly in the driving seat of the regional architecture', said Mr Teo.

    'This will ensure that Asean can set the agenda, whether security, economic or socio-political, for our region and ourselves, rather than having the agenda set by people outside.'


    DPM Teo speaking to students and faculty staff at Indonesia's Defence University on Thursday. -- PHOTO: MINISTRY OF DEFENCE
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  4. #3506
    Regular Member Loh's Avatar
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    Default MediaCorp wins Terrestrial Broadcaster of the Year title at Asian TV Awards

    Channel NewsAsia
    10 December 2010 0214 hrs

    By Satish Cheney

    SINGAPORE: Regional broadcaster MediaCorp has bagged the Terrestrial Broadcaster of the Year accolade at the annual Asian Television Awards.

    It had won the Terrestrial Broadcaster of the Year award in 2007 and 2008. Terrestrial Broadcaster was not a category in 2009.

    Held at the Pan Pacific Hotel on Thursday evening, MediaCorp's Channel 5 was named Terrestrial Channel of the Year.

    It was a night of glitz and glamour, with top celebrities and head honchos from around the region gathering to celebrate and give recognition to the best of the best in the television industry in Asia.

    And there was extra reason for Asia's leading broadcaster MediaCorp to party, as it won both prestigious awards.

    Lucas Chow, CEO of MediaCorp, said: "This is actually the entire Asia-Pacific pitching against each other and winning the Terrestrial Broadcaster of the Year together with the Channel Award is a very rare thing.

    "This is especially meaningful to us because the way that it is judged is by our peers. It is not by popularity votes, so to be recognised by your peers that you're doing well is also an extreme honour for MediaCorp."

    Lim Suat Jien, Executive Vice President of MediaCorp's Channel 5 and Okto, said: "This is really due to the tenacity and the talent, and also a great sense of humour from the Channel 5 programming team and the Channel 5 production team."

    MediaCorp's Channel 5 "The Noose" won Best Comedy Programme, with actor Chua En Lai bagging the Best Comedy Performance by an Actor or Actress award.

    Michelle Chong and Alaric Tay both were highly commended for their roles in the show as well.

    Remesh Kumar, Vice President of Content Creation Division, MediaCorp TV, said: "For "The Noose", we were lucky to have a very fantastic cast and we have a group of writers who are really, really very good and you know "The Noose" is a satire and a parody of Singapore life. And to write something creatively and make a joke out of it - and Singaporeans enjoy that."

    The Channel's legal drama "The Pupil" saw Rebecca Lim winning Best Drama Performance by an Actress in a leading role, while Lim Kay Tong won Best Drama Performance by an Actor in a supporting role.

    The show was also highly commended under the Best Direction category.

    The Singapore Idol 2009 final won Best Music Programme.

    MediaCorp's "Angel" did not win the Best Single Drama or Telemovie but was highly commended, as was Channel NewsAsia's "Almost Famous - Close Up For The Kathoey" (Episode 1) - for Best Social Awareness Programme category.

    Actor Chen Shu Cheng was highly commended for his role in "With You", while actress Constance Song received similar accolades for "together".

    Three new award categories were also introduced this year - Best Lifestyle Programme, Best Drama Performance by an Actor in a Supporting Role and Best Drama Performance by an Actress in a Supporting Role.

    This year's awards also witnessed the formation of the ATA Advisory Board which will promote the awards in their respective countries as the industry endeavours to nurture and develop future talents.

    The Board consists of members from Singapore, Australia, China, Hong Kong, India, Japan, Malaysia and the Philippines.


    Singapore celebrities at the Asian Television Awards
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  5. #3507
    Regular Member Loh's Avatar
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    Default Community park to be built in Holland Village

    Channel NewsAsia
    10 December 2010 1500 hrs

    SINGAPORE: A community park will be built in Holland Village by the fourth quarter of next year.

    A joint statement from the Urban Redevelopment Authority (URA) and the National Parks Board (NParks) said the park would be sited next to the entrance of Holland Village Circle Line (CCL).

    It would serve as a new gateway to Holland Village, as well as a green refuge for visitors and residents.

    New features such as park furniture and plants would enhance the identity and character of the park.

    A series of low walls would be constructed along Holland Avenue to provide some privacy to park users.

    Night lighting within the park would further enhance the intimacy of this new public space in the evenings.

    Construction is expected to begin in the second quarter of 2011.

    The two agencies said the development of the new park would not affect the number of parking lots in Holland Village.

    The Land Transport Authority (LTA) will also be reinstating a car park next to Chip Bee Gardens comprising 45 lots early next year.
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  6. #3508
    Regular Member Loh's Avatar
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    Singapore Badminton Association gets S$1m donation
    ChannelNewsasia.com
    ChannelNewsasia.com
    Fri Dec 10, 7:46 PM SGT

    Photo: ChannelNewsasia.com
    SINGAPORE: Singapore Badminton Association (SBA) received an early Christmas bonus at its year-end appreciation dinner on Friday.
    SBA patron, Dr Stephen Riady, chairman of Overseas Union Enterprise Group and Lippo Group president, presented his donation of S$1 million to the national sports association.
    The amount is the single largest donation from an individual for the sport in Singapore.
    SBA president Lee Yi Shyan said the money will be used for developing programmes for those aged nine to 14 years as well as for the national team players and partnership programmes with schools.
    "......for the national team players, we want to introduce more tournaments and we want to give them better coaching, we want to give more individual attention," he said.
    Last edited by Loh; 12-10-2010 at 11:24 AM.

  7. #3509
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    Quote Originally Posted by Loh View Post
    Singapore Badminton Association gets S$1m donation
    ChannelNewsasia.com
    ChannelNewsasia.com
    Fri Dec 10, 7:46 PM SGT

    Photo: ChannelNewsasia.com
    SINGAPORE: Singapore Badminton Association (SBA) received an early Christmas bonus at its year-end appreciation dinner on Friday.
    SBA patron, Dr Stephen Riady, chairman of Overseas Union Enterprise Group and Lippo Group president, presented his donation of S$1 million to the national sports association.
    The amount is the single largest donation from an individual for the sport in Singapore.
    SBA president Lee Yi Shyan said the money will be used for developing programmes for those aged nine to 14 years as well as for the national team players and partnership programmes with schools.
    "......for the national team players, we want to introduce more tournaments and we want to give them better coaching, we want to give more individual attention," he said.
    Sigh.....the Lippo Group president prefers to donate to SBA and not to PBSI

  8. #3510
    Regular Member Loh's Avatar
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    Quote Originally Posted by badMania View Post
    Sigh.....the Lippo Group president prefers to donate to SBA and not to PBSI
    I'm also surprised with his donation. It seems badminton is his game from a young age. Maybe INA already has many sponsors already.

  9. #3511
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    What do you think about Singapore ministry of foreign affairs officials' sarcastic and rather arrogant remarks about other Asian leaders and countries ?
    1. http://www.smh.com.au/world/big-fat-...211-18teg.html
    2. http://www.themalaysianinsider.com/m...with-malaysia/.

    This is more than Singapore Also Can, it is only Singapore Alone Who can Can!

  10. #3512
    Regular Member Loh's Avatar
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    Dec 12, 2010
    ESTIMATED 30,000 TURNOUT
    Record turnout at ZoukOut
    Estimated 30,000 at annual Sentosa beach dance party despite $20 hike in ticket price
    By Jocelyn Lee

    Revellers cheer as a dancer struts her stuff (above) while scores of others brave the long queue to get into the party at Sentosa's Siloso Beach. The record turnout this year is partly attributed to the organisers bringing in not one but two headlining acts: Dutch DJ Tiesto and French DJ David Guetta. -- ST PHOTOS: RAJ NADARAJAN

    View more photos

    IT WAS a red-hot edition of ZoukOut, the annual mega dance party, last night.

    Partygoers queued from 3pm at Siloso Beach for last-minute tickets. There were about 10,000 tickets up for grabs and sales started at 6pm.

    All the tickets were sold out by 8.30pm.

    Naval diver Bharath Keasberry, 19, started queueing at 5.30pm and got his tickets one hour later.

    He said: 'There were more than 100 people in front of me. The situation was very chaotic as there were people trying to cut the queue in front of me.'

    On the Internet, there were also people hawking tickets for as high as $320 a pair on eBay. But as of last night, there were no takers. Zouk club, the organiser of the event, had earlier warned the public that there were fake tickets in circulation and that those with fake tickets would be refused entry.

  11. #3513
    Regular Member Loh's Avatar
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    Default ZoukOut 2010 attracts about 30,000 partygoers

    Channel News Asia
    12 December 2010 2005 hrs

    By Sara Grosse

    SINGAPORE : An estimated 30,000 partygoers turned up on Saturday night at Southeast Asia's biggest dance music festival - ZoukOut.

    The festival celebrated its 10th anniversary, and it was the biggest turnout ever at Sentosa's Siloso Beach.

    But not all were able to join in on the fun as tickets were sold out early.

    Early on in the night, the mega 12-hour party saw crowds of beachwear-clad revellers dancing the night away.

    Timothy Chia, Head of Marketing & Events at Zouk Management, said: "What is really important for us is the entertainment line-up. In fact, I would say it is the strongest we have ever had.

    "For the first time, we have two headliners; normally we have one. This year, we have David Guetta and Tiesto."

    These renowned DJs were one reason for the high demand for tickets.

    And while people partied at Siloso Beach, it was a different story outside.

    One person said: "I came here especially from the university in California (and came) here early for ZoukOut and I do not have a ticket. It is so disappointing."

    Another added: "I hope I can get a ticket to get in. (It is) my first time trying to get here, so I want to see what it looks like and feel the environment."

    Partygoers queued for hours with the hope of getting tickets to the event.

    Some even resorted to buying them online at a higher price.

    One partygoer said: "We put up an ad online and someone responded."

    When asked if the tickets are real, the partygoer said: ""Yes, I went to verify at Sistic. (The tickets are) real."

    Zouk club had earlier warned that there were fake tickets in circulation.

    Mr Chia said: "We really wish that they had bought it from authorised sources - like Sistic and Zouk itself. It is a shame people have to spend so much to get tickets which might be fake.

    "Unfortunately, there are some disappointed people out there. The beach is only so big, and there is only so many people we can (accommodate)."

    The dawn-till-dusk party saw about 45 per cent of fun-seekers coming from overseas.
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  12. #3514
    Regular Member Loh's Avatar
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    Default Confidentiality of diplomatic communication must be respected: George Yeo

    Channel NewsAsia
    12 December 2010 1904 hrs

    By Wayne Chan

    SINGAPORE : Singapore Foreign Affairs Minister George Yeo has said the confidentiality of diplomatic communication must be respected, and that any communication must not be taken out of context.

    He was speaking to reporters on the latest reports from WikiLeaks regarding comments from senior Singapore Foreign Affairs officials on countries in the region.

    Mr Yeo said: "There will be more coming out in the future and "you said this about me and I said this about you", and it goes on. I think it is best that we respect the confidentiality of diplomatic communication.

    "That is what certain individuals said about others. There could be a diversity of views. As I said, they probably said things about me which I may not agree with. But that is fine, that is to be expected.

    "If you want to hear everything which others say behind your back, and take offence at it, you will be a very unhappy person."

    Mr Yeo added that diplomatic relations cannot be done "on the basis that there is a camera in the room recording everything", and that when that happens, "we lose something".

    He also said that sometimes it is in the nature of "cocktail talk" where "people say things in a blunt forthright way", and "we should not divorce, even if true, what is said from the context".

  13. #3515
    Regular Member Loh's Avatar
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    Default ZoukOut pictures

    More pictures on ZoukOut's 10th Anniversary beach party.
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  14. #3516
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    Default TO BE LAUNCHED AT MARINE PARADE: Pilot study on elderly

    The Straits Times
    Dec 13, 2010

    By Andrea Ong

    A PILOT study is to be launched in Marine Parade ward to discover the needs of the elderly and how the Government can create a support system for this growing group in Singapore's population.

    It will include a survey of residents aged 60 and older, to give policymakers an insight into the amenities they wish to see in their homes as well as around their estates, said Senior Minister Goh Chok Tong on Sunday when he announced the plan.

    The study will be carried out over five years by the Ministry of Community Development, Youth and Sports (MCYS) and other government agencies in partnership with grassroots organisations of Marine Parade ward, part of Marine Parade GRC. Mr Goh said MCYS will announce the details on Monday.

    Mr Goh, who is the ward's MP, said it was picked for the study due to its greying population, which he called 'a precursor' to the situation Singapore will face in 20 years' time, when one in five - or about 900,000 people - will be aged 65 and older.

    'We are 20 years ahead of the other communities in Singapore in terms of the ageing profile of the old population,' he said at a Christmas celebration at the Mandarin Orchard Hotel on Sunday, organised by St Hilda's Community Services Centre for about 400 elderly residents from Tanjong Rhu in Marine Parade GRC.

    The need for 'a more holistic study' on the implications of an ageing population, Mr Goh said, was prompted by discussions he has held with Cabinet ministers on the greying population in Singapore and, in particular, his Marine Parade ward.

  15. #3517
    Regular Member Loh's Avatar
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    Default Badminton's generous new patron

    TODAY
    05:55 AM Dec 11, 2010

    SBA will invest $1 million in three areas, including in the national team

    by Low Lin Fhoong

    SINGAPORE - Out to unearth the Republic's next star shuttler, the Singapore Badminton Association (SBA) received a timely boost on Friday night in the form of a generous donation of $1 million.

    Newly-appointed SBA patron Dr Stephen Riady, chairman of Overseas Union Enterprise Group and president of the Lippo Group of Companies, presented the cheque to the National Sports Association (NSA) at their year-end appreciation dinner at Mandarin Oriental Singapore.

    According to SBA president Lee Yi Shyan, the money will be used to boost their youth programmes for those aged nine to 14 and also for the continued development of the NSA's seven partner schools and the national team.

    Lee, the Minister of State for Trade and Industry and Manpower, said: "In these three ways, we hope to bring up the overall standard of badminton. Next year, we also plan to organise more fund-raising activities like golf tournaments.

    "Hopefully, we can raise another $1 million next year and this will give us more resources to make the necessary investments in our players."

    More training camps, like the national squad's trip to Nanjing to train with the Jiangsu provincial team last month, are also in the works, with two or three more collaborations planned with the Chinese next year.

    Said Dr Riady: "Badminton is a sport which requires discipline, strength, endurance, skill and strategy. I used to play badminton in my school days in Singapore. As an avid badminton player, it is my hope that my contribution will help to expose our shuttlers to more high level competitions and propel them to greater heights in the world badminton arena."

    It has been a bittersweet year for local badminton. In June, Yao Lei and Shinta Mulia Sari, the world No 10 women's doubles pair, gave Singaporeans much to cheer about after clinching the country's first win on home soil at the Li Ning Singapore Open 2010 Super Series.

    Tipped to win the gold medal at the Commonwealth Games in October, the duo faltered in New Delhi, bowing out 2-0 to India's lower-ranked pair of Jwala Gutta and Ashwini Ponnappa ( No 31) in the women's doubles final.

    Singapore's shuttlers returned with a haul of one silver and two bronze medals (men's doubles and mixed doubles).

    After the retirement of Ronald Susilo, Kendrick Lee and women's doubles players Jiang Yanmei and Li Yujia, the SBA's current batch of national shuttlers have yet to make a breakthrough on the international stage.

    But Lee is confident the youngsters have the potential to be world beaters.

    "The Commonwealth Games was a bit disappointing and that shows that they have to be able to perform at their peak even when the other side has home crowd support," he said. "How do we achieve that kind of steadiness and mental strength to compete is something we have to work on.

    "We are seeing some of (our future) stars, I don't think we have the entire team yet but we are seeing something."

    (Dr Stephen Riady's background:
    He is the chairman for the Lippo Group's Asia operations. The Lippo Group, founded in the 1950s by his father, Mochtar Riady, a financial magnate in southeast Asia, has over the years diversified into financial services, property and infrastructure, which is largely handled by Lippo Group Hong Kong office controlled by him, while the Indonesian operations are chaired by his brother James Riady.

    I think his father must be a big donor to the National Univeristy of Singapore as his name is associated with the NUS Business School.


    http://www.lipporealty.com/CORPORATE...5/Default.aspx

    http://en.wikipedia.org/wiki/Mochtar_Riady)

    Dr Stephen Riady in pic#01 below.
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    Last edited by Loh; 12-12-2010 at 11:36 PM.

  16. #3518
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    Default Lta invites public to suggests names (to new downtown east mrt stations)

    The Straits Times
    Dec 13, 2010

    'Name the sation'

    By Linette Lin

    THE Land Transport Authority (LTA) has called public help to name the MRT stations for the new Downtown Line 3.

    From today till Jan 12, members of the public may submit their suggestions and a brief paragraph explaining the context of their choice and suitability to the LTA.

    The proposed station name should identify the location readily so commuters can easily remember the names and identify the area of the station.

    The name may also illustrate the history and heritage of the surrounding area and reflect Singapore's multi racial and multi cultural character.

    However the station may not be named after a public structure, commercial or residential development.

    The stations that LTA is calling for suggestions are:

    River Valley
    Bencoolen
    Sungei Road
    Jalan Besar
    Kallang Bahru
    Mattar
    Ubi
    Kaki Bukit
    Bedok Town Park
    Bedok Reservoir
    Tampines West
    Tampines East
    Upper Changi

    The public can send their suggestions to LTA at http://talk2lta.lta.gov.sg, fax to 6396 1192 or mail your suggestions to:Land Transport Authority No. 1 Hamsphire Road Blk 8 Level 2 Singapore 219428 (Attn: Feedback Dept).

    LTA is inviting the public to suggest names for the stations located on the Downtown East 3 line. ST PHOTO: ABDUL AZIZ HUSS
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  17. #3519
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    Quote Originally Posted by Loh View Post
    Channel NewsAsia
    12 December 2010 1904 hrs

    By Wayne Chan

    SINGAPORE : Singapore Foreign Affairs Minister George Yeo has said the confidentiality of diplomatic communication must be respected, and that any communication must not be taken out of context.

    He was speaking to reporters on the latest reports from WikiLeaks regarding comments from senior Singapore Foreign Affairs officials on countries in the region.

    Mr Yeo said: "There will be more coming out in the future and "you said this about me and I said this about you", and it goes on. I think it is best that we respect the confidentiality of diplomatic communication.

    "That is what certain individuals said about others. There could be a diversity of views. As I said, they probably said things about me which I may not agree with. But that is fine, that is to be expected.

    "If you want to hear everything which others say behind your back, and take offence at it, you will be a very unhappy person."

    Mr Yeo added that diplomatic relations cannot be done "on the basis that there is a camera in the room recording everything", and that when that happens, "we lose something".

    He also said that sometimes it is in the nature of "cocktail talk" where "people say things in a blunt forthright way", and "we should not divorce, even if true, what is said from the context".
    Wouldn't it be better if he were to lead a delegation to those offended countries, Malaysia, Thailand, Laos, Myanmar, Cambodia, North Korea, India, and Japan to smooth things out? Or at least call them up, ala Hillary Clinton, to apologize?
    Maybe it is time to eat humble pie because, let us be frank and realistic, that despite the meaningless soothing words that dodge more than explain, things will not be the same again unless some impeccable diplomatic fence-mending initiatives are attempted.

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