The Business Times, 22 August 2014

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Microfilm: NL33222
Total Pages: 74
1 36 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 SCCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 051/08/2014 Friday, August 22, 2014
    25 words
  • Article, Illustration
    Lock icon OCBC in talks to sell United Engineers
    658 1  -  By SIOW LI SEN lisen@sph.com.sg @SiowLiSenBT [SINGAPORE] OCBC Bank is talking to Thai billionaire Charoen Sirivadhanabhakdi to sell its stake in United Engineers Ltd (UEL), according to sources. UEL yesterday jumped 17 Singapore cents or 7.4 per cent to S$2.46 before trading in
    Source: Bloomberg  -  658 words
  • Article, Illustration
    Lock icon Indonesia court upholds Jokowi’s presidential win
    691 1  -  By JEFFREY HUTTON in Jakarta JAKARTA Governor Joko Widodo, popularly known as Jokowi, has been confirmed the winner of the country’s July 9 presidential election, as Indonesia’s Constitutional Court last night rejected an appeal by former special forces general Prabowo Subianto claiming the poll
    PHOTOS: AFP; BLOOMBERG  -  691 words
  • Article
    Lock icon Luxury watch sales seen picking up in H2
    909 1  -  Rebound from H1 expected when tourists arrive for F1 race By CHUANG PECK MING peckming@sph.com.sg [SINGAPORE] Local sales of luxury timepieces are likely to repeat last year’s pattern: down in the first half and up in the second. The full-year sales may
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  • MARKETS DIGEST
    • Article
      Lock icon FOREX
      65 1 GST INDEX 3,324.09 (+0.44) GST INDEX FUTURES 3,317.00 (+1.00) GSIMSCI 378.11 (+0.49) GSIMSCI FUTURES 377.60 (+0.70) US$ S$ US$ (S$ per US$) 1.251 (US$/S$ per 1.659 2.075 EURO (US$/S$/€ 1.327 1.660 Foreign currency per US$ S$ YEN 103.80 83.00 RM 3.171 2.535 HK$ 7.750 6.196 BAHT 32.04 25.61 RUPIAH
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    • Article
      Lock icon MARKETS
      48 1 Thursday Change KL COMP 1,874.81 -4.08 NIKKEI 225 15,586.20 +131.75 HANG SENG 24,994.10 -165.66 SET INDEX 1,551.41 +0.64 JAKARTA COMP 5,206.14 +15.97 MANILA COMP Closed SEOUL COMP 2,044.21 -28.57 SHENZHEN B 944.11 -3.18 MUMBAI IND 26,360.11 +45.82 12 noon EDT Change DOW 17,045.11 +65.98 NASDAQ 4,523.64 -2.84
      48 words
    • Article
      Lock icon PRIME RATES
      22 1 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 KOREA 14.766 BRITAIN 5.036 US 1.475 KOREA 9.33 BRITAIN Source: Bloomberg Source: Bloomberg
      22 words
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      33 1 PROPERTY BT Property Classifieds WINE Draw of old favourites VISIONARIES Beating the world with a stick PAGE 36 EXEC LIFESTYLE All abuzz over Made-in-S’pore festivals PAGES 31 32 PAGE 11 PAGES 24 25
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      48 1 Don’t miss BT’s annual watch supplement that comes with your copy of The Business Times today annual watch Read Boardroom Matters, a series of articles from the Singapore Institute of Directors on issues relevant to listed companies and corporate governance, on BTInvest every Friday: btd.sg/BMatters *****1 11 *****4
      48 words
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  • TOP STORIES
    • Article
      Lock icon THREE-MINUTE DIGEST
      395 2 Meagre growth likely for luxury watch sales LOCAL sales of luxury timepieces are likely to repeat last year’s pattern: down in the first half and up in the second. The full-year growth, however, is likely to be meagre. FRONT PAGE OCBC in talks to sell United Engineers OCBC
      395 words
    • Article
      Lock icon BOA strikes US$16.65b mortgage settlement deal
      707 2 WP Reuters [WASHINGTON] Bank of America Corp has reached a US$16.65 billion settlement with US regulators to settle charges that it misled investors into buying troubled mortgage-backed securities. The settlement announced yesterday by the US Department of Justice calls for the second-largest US bank
      WP; Reuters  -  707 words
    • Article, Illustration
      Lock icon MindChamps to expand to Malaysia, Australia
      385 2  -  About 30 centres to be built overseas 20 in Malaysia and 10 in Australia By KELLY TAY kellytay@sph.com.sg @KellyTayBT [SINGAPORE] Boosted by its new partnership with Singapore Press Holdings (SPH), early childhood education player MindChamps PreSchool is expanding beyond Singapore first to Malaysia, and
      385 words
    • Article, Illustration
      Lock icon China factory growth at 3-month low
      509 2 There are concerns about increasing softness in economy Reu ters [BEIJING] Growth in China’s vast factory sector slowed to a three-month low in August as output and new orders moderated, a preliminary private survey showed yesterday, reinforcing concerns about increasing softness in the economy.
      Reuters; PHOTO: REUTERS  -  509 words
    • Article, Illustration
      Lock icon Indian state to tap S’pore investment in 6 areas
      566 2  -  By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT [SINGAPORE] The Indian state of West Bengal has signed an estimated US$500 million in business contracts with Singapore-based companies and investors, including GIC, by the end of yesterday. However, the state’s economic architect is still courting
      566 words
    • Article, Illustration
      Lock icon Bulk of Farrer Sq medical suites taken up in 2 deals
      737 4  -  HSC of M’sia said to buy three levels as S’pore group leases another three levels By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT [SINGAPORE] Nearly 85 per cent of the 27,500 sq ft at the medical tower of the Farrer Square project
      737 words
    • Article, Illustration
      Lock icon Kong was ‘focused on capitalising Xtron to fund wife’s career’
      485 4  -  CITY HARVEST TRIAL By CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT THE prosecution yesterday charged that Kong Hee, the founder of City Harves t Ch urc h events-management company to do h a d se t u p an events-management company to do
      485 words
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      112 2 Innovative Oral Hygiene US Patented The Company that first brought you SoFresh® Tongue Cleaner Flossing Toothbrush in Singapore, forage N e\V-^ e frte Go' tor easV e awr' n 9 Convenience for all your On-The-Go needs Travelling, Outdoor Activities.... Ladies' Handbag, Shirt Pocket, etc... SoFresh®bristles are made from exclusive material
      112 words
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      333 3 Try r t n mr m:s r,; s: i mmmwnt all*/ flBFnr; in »iim m’jmI l||| I i. (l( > 11 l«l,(.|l*f 12 I VIM X TUDOR sq 9 3 SQ X x **i£JSo»« B t? T BQ 60 f -:r > P rrs« TUDOR TUDOR K 's'' VATi- r
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      323 4 Singapore’s leading luxury lifestyle magazine honours 30 individuals who have made a significant impact in their chosen fields. t 5 %r I f M i m Olivia Lum Group CEO and founder, Hyflux John Lim Group CEO and co-founder, ARA Asset Jim Rogers Chairman, Rogers Holdings and Beeland Interests, Inc
      323 words
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      236 5 SO UNIQUE, ITS THEONLT SKYA CTIVPOWEPEO WAGON EPONI JAPAN. ALL-NEW MGZD3 6 WAGON. Powered by SkyActiv Technology, this inspiring wagon is out to perform with its stamina, efficiency, spaciousness and sportiness thanks to its massive storage space that simply exceed expectations. CEVS rebate entitlement of up to $5,000 K0D0 Soul
      236 words
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  • COMPANY NEWS
    • Article
      Lock icon Tiong Woon’s FY14 profit up 25%
      358 6  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT DESPITE an 18 per cent fall in revenue to S$165.3 million, Tiong Woon Corporation Holding’s full-year net profit rose 25 per cent to S$22.1 million. Contributing to the jump in profit attributable to equi-ty-holders for the financial year ended
      358 words
    • Article
      Lock icon Parkson Retail’s Q4 earnings down 36%
      380 6  -  Fall in same-store sales in Vietnam, adverse currency effects cited By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT DEPARTMENT store operator Parkson Retail Asia reported a near 36 per cent year-on-year drop in net profit to S$3.17 million for its financial fourth quarter ended June 30. This
      380 words
    • Article
      Lock icon Raffles Education full-year profit doubles on divestment gain
      337 6  -  By CARINE LEE carinel@sph.com.sg @CarineLeeBT RAFFLES Education Corporation yesterday said its net profit for the fiscal year ended June 30 doubled to S$55.37 million from S$26.67 million on gain from divestments. While revenue fell one per cent to S$127.39 million, other operating
      337 words
    • Article
      Lock icon Guocoland S’pore group MD steps down
      159 6  -  By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT GUOCOLAND Singapore’s group managing director Margaret Goh has relinquished her duties on Aug 15. Ms Goh was appointed the group managing director of GuocoLand Group's Singapore property division in August last year. Before GuocoLand, the 53-year old Ms Goh
      159 words
    • Article
      Lock icon Greener pastures lie overseas, says Oxley CEO
      626 7  -  Developer eyeing Europe, Myanmar; full-year profit soars to S$286.7m By LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT OVERSEAS pastures look greener now for home-grown developer Oxley Holdings, which has set its eyes on recovering markets like Europe and emerging markets such as Myanmar. The group, which
      626 words
    • Article, Illustration
      Lock icon At least 3 bids for M’sian football league deal
      480 7  -  Contending groups lured by strong viewership and potential ad spinoffs By S JAYASANKARAN in Kuala Lumpur AT least three groups have submitted bids for the privatisation of the Malaysian football league in a deal that will involve exclusive broadcasting rights and
      PHOTO: BLOOMBERG  -  480 words
    • Article
      Lock icon Aztech acquires shipyard in diversification move
      306 7  -  By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT ELECTRONICS and LED lighting provider Aztech Group has diversified into the ship-building segment, announcing yesterday the acquisition of a shipyard. The mainboard-listed company has acquired the leasehold interest of the shipyard by acquiring full control of a company now
      306 words
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      229 6 The Fastest Drive Be among the first batch of golfers to sign up before Sept 2 and you may even drive to Sentosa FREE. Ten early birdie golfers will win $50 petrol vouchers each! Want to play golf for Singapore? Here’s your chance to compete with golfers just like you!
      229 words
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      260 7 As part of ASEAN Power Week 10-12 SEPTEMBER 2014 KLCC, KUALA LUMPUR, MALAYSIA CONNECTING ASIA’S POWER PROFESSIONALS WWW.POWERGENASIA.COM Attracting over 7,500 attendees from more than 70 countries around the world, POWER-GEN Asia and as part of ASEAN Power Week, is the annual meeting places for senior executives and leaders in
      260 words
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      Lock icon Page 7 Advertisements Column 2
      155 7 View to Offer FREEHOLD, D10, LANDED. (SPECIAL) Why is this a RARE property not any usual plot? Agenuine GOLDEN goose... for the right buyer. Really. Make PROFIT at entry. caii Clare Lee 9239 2352 to explore without obligation, CEA Reg: R*****8D DTZ Property Network Pte Ltd CEA Licence No: L*****60A
      155 words
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  • SINGAPORE MARKETS
    • Article, Illustration
      Lock icon Weak China data pares STI gain
      515 8  -  Index’s quick high gives way to modest gain; United Engineers shoots up on stake sale talk STOCKS KENNETH LIM kenlim@sph.com.sg @KennethLimBT Correspondent WEAK Chinese economic data pushed Singapore stocks off their intraday high yesterday, but the market managed to cling on for a modest
      Source: Bloomberg  -  515 words
    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Aug 21 VALUE CLOSE BT OB/OS 17.00 +72.00 BT CADI -*****.00 +2.00 BT 10-day MA -*****.00 +2.00 FTSE ST Mid Cap 775.46 +1.52 FTSE ST Small Cap 556.24 +0.76 FTSE ST All Share 808.45 +0.42 FTSE ST China Top 198.47 -1.09 FTSE ST China 228.82 -1.47 FTSE
      77 words
    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 9 3 0 0 0 3 9 3 Manufacturing 38 57 45 6 10 13 44 67 58 Commerce 17 22 17 9 3 5 26 25 22 Tpt/Stor/Comms 17 13 14
      186 words
    • Article, Illustration
      Lock icon BROKERS’ TAKE
      918 8  -  Compiled by KENNETH LIM Oxley Holdings Aug 21 close: S$0.685 DMG PARTNERS RESEARCH, Aug 21 OXLEY was listed three years ago as a boutique developer of residential projects. Post listing, the group diversified across all segments of the real estate market, launching some 28 projects that have since
      Source: Bloomberg  -  918 words
    • Article
      Lock icon SECURITIES TRADING TURNOVER
      119 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 26,396 26,396 68,756 68,756 Manufacturing 205,518 83,566 289,084 110,424 4,466 114,890 Commerce 70,246 65,665 135,911 60,698 4,583 65,281 Tpt/Stor/Comms 75,457 9,464 84,921 107,973 1,612 109,585 Finance 31,034 1,090 32,124 142,710 264 142,975 Construction 40,538 87,945
      119 words
    • Article
      Lock icon STRAITS TIMES INDEX STOCKS
      118 8 Stock name Close Change Ascendas Reit 2.350 CapitaLand 3.330 +0.010 CapitaMall Trust 2.010 +0.010 CityDev 10.170 +0.150 ComfortDelGro 2.540 DBS Grp 17.810 +0.060 Genting Sing 1.250 Global Logistic 2.800 Golden Agri-Res 0.515 HPH Trust USD 0.715 HongkongLand USD 6.920 -0.130 JMH 400 USD 59.000 -1.000 JSH
      118 words
    • Article, Illustration
      Lock icon Greenback edges up against euro, yen
      421 8 CURRENCIES AFP [TOKYO] The US dollar edged up against the euro and the yen in Asian trade yesterday, building on the 11-month high it reached against the European currency overnight as the market eyed US rate hikes. In afternoon Tokyo trade, the euro was
      AFP; PHOTO: BLOOMBERG  -  421 words
    • Article
      Lock icon MOST ACTIVE STOCKS
      58 8 VOLUME APAC Strategic 112,859,000 Mirach Energy 88,137,000 Singapore eDev 56,536,000 IHC 48,922,000 Blumont 43,289,000 KLW Hldgs 40,226,000 ThaiBev 38,506,000 Golden Agri-Res 33,723,000 Ellipsiz 28,083,000 Charisma Energy 27,914,000 VALUE($) DBS Grp 49,661,650 OCBC Bank 47,707,160 Ezion 43,058,000 SingTel 40,114,601 UOB 28,633,420 Global Logistic 27,311,014 ThaiBev 25,812,240 Keppel Corp
      58 words
    • Article
      Lock icon RISES
      120 8 BY CENTS CLOSE UP SPDRS S&P 500 10US$ ***** 162.6 0.7 SPDR DJIA 10US$ ***** 147.6 0.7 DBXT E50 10US$ 5160 43.8 0.7 DBXT FTVietnam 10US$ 2866 38.8 1.1 Lyxor Indonesia10US$ 9539 32.5 0.3 DBXT MSJAP 10US$ 4721 31.3 0.5 DBXT S&P500 10US$ 3321 25.0 0.6 DBXT AUDCS 5SG$
      120 words
    • Article
      Lock icon FALLS
      129 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -166.3 -1.1 DBXT MSKorea 10US$ 6486 -128.8 -1.6 JMH 400 USD 5900 -125.1 -1.7 DBXT AUD Bonds 5AU$ ***** -64.9 -0.3 DBXT USDIGInfl 5US$ ***** -58.8 -0.2 DBXT EONIA 5US$ ***** -48.8 -0.2 Lyxor AsiaIT 10US$ 3860 -48.8 -1.0 Lyxor AsiaCS 10US$
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    • Article, Illustration
      Lock icon FTSE CATALIST INDEX
      4 8 DAILY
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  • COMPANY NEWS
    • Article, Illustration
      Lock icon What effective risk management involves
      957 9  -  Use it as a strategy to spur your growth objectives, not as a compliance tool. BY MELVIN YONG The writer is general manager Singapore, CPA Australia COMPANIES need to fundamentally shift their thinking about risk management and use it as a strategy to spur their
      957 words
    • Article
      Lock icon Bharti Airtel facing tougher battle
      364 9  -  By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT SINGTEL’s Indian associate Bharti Airtel may be facing keener rivalry as British telco Vodafone added 1.62 million mobile subscribers in India in June, closing in on Bharti Airtel as the market leader. Trade news website Total Telecom yesterday reported that
      364 words
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      383 9 STPROPERTY Seminar Showcase 2014 Singapore Malaysia f ifc Ba .Jill "Ife p|§a -i?.* ...J, I Hgs :»Ur 55S Rs? liii n: 1 Ra ss I l r n Si IP eb3 :ii" ■•»IH'| aa •f STPROPERTY INVEST REBATE RM8 f 888 to first 8 property purchasers Terms Conditions apply aifisii)
      383 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon Zouk’s tenancy given conditional extension
      475 10  -  Length of extension tied to the popular club’s ability to find new home By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT PARTY-GOERS have been given a reprieve: Popular Singapore nightspot Zouk has been allowed a final, conditional extension on its lease at its current premises in Jiak Kim
      FILE PHOTO  -  475 words
    • Article, Illustration
      Lock icon Johnson Goh wins Marketer of the Year
      229 10 JOHNSON Goh of Singapore Press Holdings (SPH) was named Marketer of the Year at the Pacific Area Newspaper Publishers’ Association (PANPA) 2014 Advertising Marketing Awards in Sydney on Wednesday. The awards are organised by The Newspaper Works, a publishing industry advocate. He previously
      229 words
    • Article, Illustration
      Lock icon Lighting the way to clean energy with solar power
      1251 10  -  With the government looking to increase Singapore’s solar energy capacity, things are looking brighter for solar lessor Sunseap Leasing, reports RAPHAEL LIM reports RAPHAEL LIM HARNESSING the Sun’s energy to power electrical needs has long been available to those with large
      PHOTO: ARTHUR LEE  -  1,251 words
    • Article
      Lock icon Rajah & Tann forms regional alliance
      356 10  - Rajah Tann forms regional alliance BY CAI YONG caiyong@sph.com.sg HOMEGROWN law firm Rajah Tann yesterday announced the launch of Rajah Tann (R&T) Asia, a new brand which unites eight law firms across South-east Asia. With the exception of Brunei and the Philippines, every other Asean nation is represented in the
      356 words
    • Article
      Lock icon Labour movement aiming for more PME members
      263 10  -  By JAN LEE janlee@sph.com.sg THIRTY-TWO awards were given out yesterday at U Summit 2014, an event to honour unions, communities, social enterprises and their partners for recruiting, retaining and strengthening relationships among union members. The labour movement grew its membership by 4 per
      263 words
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      86 10 This profile is the 14th of a series o f features on the 16 finalists of the Emerging Enterprise Award 2014. Jointly presented by The Business Times and OCBC Bank, the Emerging Enterprise Award 2014 recognises promising enterprises and startups which are up to 10 years old and have an
      86 words
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  • VISIONARIES
    • Article, Illustration
      Lock icon Beating the world with a stick
      1028 11  -  Daniel Chin has come up with the iStick, a USB flash drive with integrated Apple MFi Lightning connector, reports FRANCIS KAN IT HAS been decades since Creative Technology took the tech world by storm with its sound cards and groundbreaking MP3 players. In recent
      1,028 words
    • Article
      Lock icon Singapore’s rising tech stars
      256 11 DANIEL Chin’s Sanho Corporation is one of several tech companies founded by Singaporeans or based in Singapore that is making waves in the global tech industry. Here are a couple of other companies that are raising the Republic’s profile in this highly competitive industry. Razer Razer
      256 words
    • Article
      Lock icon A stick with a difference
      193 11 ON the outside, the iStick resembles a wider version of a garden variety USB flash drive with a lever. Sliding the lever will push out the lightning connector the crucial link to Apple’s iOS devices. Users will need to install the iStick mobile app for
      193 words
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      50 11 -P3 :MMG3M36-/N6 8L, NK .NKR:IJ/3F ,$7% $79 $S@=T<D;DBU* >;$4$S’ <U*D95;* D7 O*;= *T$99$=S9 DS> $79 ;*4=U57$=SD;Q >*9$’SH 7%* 8L, 9*79 S*2 97DS>D;>9 $S 5;BDS T=B$U$7QF 6DUU I*;)=;TDS@* L=7=;9 D7 Q=5; 7*97 >;$4* 7=>DQF J; 1S> =57 T=;* D7 5!"10!(.-6!./%,0!(# 8L, *U*@7;$@ *S*;’Q @=S95T<7$=SV 6=TB$S*>V A AF(!,%EACC!T /*0 6J? *T$99$=S9V #C’E!TF
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  • MALAYSIA/INDONESIA
    • Article, Illustration
      Lock icon Positive signs for Indonesia’s sukuk market
      480 12 Improved political climate, economy among factors in favour of industry Bloomberg [JAKARTA] Indonesia is about to get an annual scorecard from Islamic bond investors and the signs are good. The nation’s first dollar sukuk in a year may yield 3.8 per cent to 4.5
      Bloomberg; PHOTO: BLOOMBERG  -  480 words
    • Article
      Lock icon AIA posts 30% growth in new business for H1
      398 12 [KUALA LUMPUR] AIA Bhd, one of the top three life insurers in Malaysia, posted a record performance in the first half of its financial year with a 30 per cent year-on-year growth in the value of new business and 6 per
      398 words
    • Article
      Lock icon KL set to let equity crowdfunding grow
      259 12 Bloomberg [KUALA LUMPUR] Malaysia plans to allow small businesses to offer equity over the Internet in return for investment, by the end of this year. The Securities Commission has drafted new legislation for equity crowdfunding which will be tabled to Parliament in October,
      Bloomberg  -  259 words
    • Article
      Lock icon Palm oil slump set to deepen: UBS analyst
      583 12 Ample supply of edible oils is leading to price declines Bloomberg [KUALA LUMPUR] Palm oil’s rout is set to deepen with prices extending declines to less than RM2,000 (S$788) a metric tonne on ample global supplies of edible oils, according to Wayne
      Bloomberg  -  583 words
  • Page 12 Advertisements
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      222 12 SINGAPORE’S BIGGEST IT. AND CONSUMER ELECTRON^^^WTION comex CONNECTS YOU TO TECHNOLOGY FREE 28-31 AUG 2014 SUNTEC T/ o r£: evels486 IADMISSI 12pm 9pm EXPECT SOMETHING NEW AT <^^EX TECH SHOWCASE See, touch and feel the latest tech products! Visit the showcase on Level 4 for more. ABOVE AND BEYOND. Join
      222 words
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      Lock icon Page 12 Advertisements Column 2
      85 12 8328 8650 Wine, Dine Hospitality Highlights 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, Pandan with White Chocolate, Kopi Latte, Pomelo with Melon Seeds and Water Chestnut with Corn Atapchi. Presented in a
      85 words
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      19 12 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices
      19 words
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  • CHINA/INDIA
    • Article, Illustration
      Lock icon More Indian firms getting into defence sector
      744 13 The companies are banking on the Modi govt’s ‘buy Indian’ pledge Reu ters [NEW DELHI] Some of India’s biggest companies are pouring billions of dollars into manufacturing guns, ships and tanks for the country’s military, buoyed by the new government’s commitment to upgrade
      Reuters; PHOTO: REUTERS  -  744 words
    • Article
      Lock icon Bank of China plans US$5b bonds
      275 13 Bloomberg [SINGAPORE] Bank of China plans to sell as much as US$5 billion equivalent of subordinated bonds that will qualify as Tier 1 as it bolsters its capital base, in what would be the biggest such issuance from the country. China’s fourth-biggest lender sent
      Bloomberg  -  275 words
    • Article
      Lock icon Modi faces dilemma in opening up Indian markets
      755 13 Bloomberg [NEW DELHI] For Ashwani Mahajan, the key to reviving India mirrors the movement to kick out the British a century ago. Only this time foreign companies selling everything from insurance to genetically modified seeds are the colonisers. Prime Minister Narendra Modi
      Bloomberg  -  755 words
    • Article
      Lock icon Costs come in the way of second child in China
      766 13 Some baby-related stocks are the immediate casualty Bloomberg [SINGAPORE] Nine months after stock market wagers on a baby boom in China reached record levels, the bets have turned into some of the nation’s biggest losers as living costs deter couples
      Bloomberg  -  766 words
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      152 13 GET THE STRAITS TIMES ON THE GO WHEREVER YOU ARE SUBSCRIBE NOW AND CHOOSE ONE OF THE FOLLOWING GADGETS ON THE GO 3 YEAR PLAN f 0 FULLY REDEEMED Dell Inspiron 20' 3000 Series AIO (Touch) 2 YEAR PLAN Sony SmartWatch2 Novita Air Purifier (NAP 101-i) LG Pocket Photo 2
      152 words
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  • WORLD
    • Article
      Lock icon US regulators step up warnings to big global banks
      903 14 They are cracking down on the firms’ poor grasp of their own weaknesses Reuters [NEW YORK] US regulators are sending some of the biggest global banks verbal warnings as they crack down on the firms’ poor grasp of their own weaknesses,
      Reuters  -  903 words
    • Article, Illustration
      Lock icon Fed officials pledge to reduce balance sheet in exit plan
      578 14 Bloomberg [NEW YORK] Federal Reserve officials pledged to reduce the size of the central bank’s record balance sheet as they continued to map out a strategy to exit from the most aggressive monetary stimulus in its 100-year history. “In the
      Bloomberg; PHOTO: BLOOMBERG  -  578 words
    • Article
      Lock icon Russia’s economic gloom spreading to ex-Soviet states
      1022 14 Western sanctions over country’s role in Ukraine crisis undermines it further Reuters [ALMATY] Farangees Islomova is worried. Her husband, who labours on a construction site in Moscow’s Schelkovo suburb, usually sends 15,000 roubles (S$516) home to Tajikistan every month. But last month he
      Reuters  -  1,022 words
    • Article
      Lock icon Fund managers seen facing tougher scrutiny
      779 14 Reuters [LONDON] Fund managers may face tougher scrutiny by global regulators than planned after their intense lobbying against a first proposal backfired, industry sources and G-20 officials said. A global G-20 task force is rethinking its initial approach which involved targeting the biggest funds,
      Reuters  -  779 words
    • Article, Illustration
      Lock icon Austerity crippling growth: Hollande
      924 16 He makes about turn on recovery from Europe’s long debt crisis NYT [PARIS] As Europe faces the prospect of its third recession in five years, France is quickly emerging as one of the weakest links among the 18 nations that share the euro. After months of
      NYT; PHOTO: REUTERS  -  924 words
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      Lock icon Business growth slows in eurozone, prices fall
      543 16 Reuters [LONDON] Eurozone private business growth slowed more than expected this month, despite widespread price cutting, as manufacturing and service industry activity both dwindled, a survey showed yesterday. Eurozone economic growth ground to a halt in the second quarter, dragged down by a
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      Lock icon Mood up at Japan’s manufacturers, service side down
      495 16 Survey results show slow recovery after April sales tax hike Reuters [TOKYO] Confidence in Japanese manufacturers inched up this month to mark the first improvement since April, but the service sector’s mood soured for the second straight month, a Reuters poll showed,
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      Lock icon Out-of-hours trading very much a twilight zone
      904 16 Though risky, volatile and thinly traded, pre-market offers richer pickings Reuters [LONDON] On most weekday mornings over the past year, Par-is-based financial trader David Sibi has turned on a computer program designed to try and beat the US stock market before it even
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      Lock icon Thai junta leader appointed PM
      817 18 This paves the way for an interim govt to be set up in the coming weeks [BANGKOK] Thailand’s coup leader Prayuth Chan-ocha was appointed prime minister yesterday by a legislature he handpicked, giving the army chief a veneer of legitimacy even while the military presses
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      Lock icon Thai IPO market set for rally as stability returns
      718 18 Reu ters [BANGKOK] Thailand’s stock market has experienced a wave of initial public offerings (IPOs) since the military took over the country three months ago, with companies relieved that the political deadlock has ended. The environment has become far more conducive
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    • Article
      Lock icon HP posts surprise revenue gain on PC sales jump
      469 18 Reuters [SAN FRANCISCO] Hewlett-Packard Co posted a surprise increase in quarterly revenue after sales from its personal computer division climbed 12 per cent, but a flat to declining performance from its other units underscored the company’s uphill battle to revive growth.
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    • Article
      Lock icon China hackers prey on US healthcare sector
      1002 19 Medical device market of US$160b worries what may be done with stolen data Bloomberg [NEW YORK] For four years, a sophisticated group of Chinese cyberspies has cut a digital swath through the US healthcare industry, stealing everything from trade secrets to trial data,
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      Lock icon Gambling, IT, booze addictions common in Japan: study
      591 19 AFP [TOKYO] Nearly 5 per cent of Japanese adults are addicted to gambling, a rate up to five times that of most other nations, according to a study. The study, released to local media on Wednesday, also showed rising adult addiction to
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      Lock icon US wages fail to rise despite economic recovery
      801 20 Slight improvements have barely kept up with similarly tepid pace of inflation Bloomberg [SAN FRANCISCO] Call it the no-raises recovery: Five years of economic expansion have done almost nothing to boost paychecks for typical American workers, while the rich have become richer.
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      Lock icon Pre-owned home sales hit 10-month high
      486 20 LATEST US DATA Bloomberg [WASHINGTON] Purchases of previously owned US homes unexpectedly rose in July to a 10-month high as low borrowing costs and an increase in inventory drew buyers. Sales of existing homes climbed 2.4 per cent to a 5.15 million annual pace,
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      Lock icon UK retail sales grow in July at slowest rate since Nov
      454 20 Reuters [LONDON] British retail sales grew in July at the slowest annual rate since November of last year, while the government failed to make much of an inroad into public borrowing, data showed yesterday. The figures add to signs
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      Lock icon Wall St junior bankers to get 20% pay raise
      680 20 Firms are trying to prevent defections to investment funds Bloomberg [NEW YORK] A new generation of Wall Street bankers is about to get a raise, as firms open wallets to head off defections to investment funds and Silicon Valley. Bank of
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      Lock icon Russia reveals huge cost of Western food ban
      616 20 AFP Reuters [MOSCOW] Russia’s agriculture minister has warned that Moscow must spend billions of dollars in the coming years subsidising farmers in order to avoid a shortage caused by its ban on most Western foods. Agriculture Minister Nokolai Fyodorov’s stark comments represented
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      20 16 Sources: China's Stateowned financial institutions cut salaries of senior executives by50% 50~ To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      3471 17 MANDATORY UNCONDITIONAL CASH OFFER by CIMB BANK BERHAD(*****-P) Singapore Branch (Incorporated in Malaysia) for and on behalf of HARMONY (S) HOLDINGS PTE. LTD. (Company Registration No.: *****1410C) (Incorporated in the Republic of Singapore) to acquire all the issued and paid-up ordinary shares in the capital of FISCHER TECH LTD (Company
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      43 18 VOLUNTEERING IN INDIA tabla speaks to those who make trips to various parts of the country to lend their time and expertise BANGALORE’S RED AND WHITE FAMILY GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)
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      57 18 2014 MANU FACTURINGSOLUTIONSEXPO Empowering Manufacturing Sectors with Solutions 8 to 10 October 2014 Suntec Convention Exhibition Centre Halls 401 403 ms-expo.com -B LI 3ft .fs I 4 4 •--A' r ji-' To Exhibit: Tel: +55 6319 4021 Email: mse@sph.com.sg To Visit: Pre-register at ms-expo.com Organised by: sphere A SUBSIDIARY OF
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      370 18 The Business Times NOTICES IN THE MATTER OF THE COMPANIES ACT, CAR 50 AND IN THE MATTER OF THAI HONG MARINE SERVICES. PTE. LTD. (Co Registration *****1082W) (Incorporated in Singapore) (In Members’ Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of Thai Hong Marine Services Pte Ltd., duly
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      3006 19 The Business Times NOTICES Toll free 1800-289-8822 Email nolices@sph.conn.sg www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF TENZING ASIA PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****5029Z) NOTICE OF MEMBERS’ VOLUNTARY LIQUIDATION The following resolutions were unanimously resolved at the Extraordinary General
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  • AVIATION/SHIPPING
    • Article, Illustration
      Lock icon Boeing chief upbeat despite tough market
      1010 21  -  Upside seen in Asia-Pacific, defence line-up and next-gen aircraft By NISHA RAMCHANDANI nishar@sph.com.sg @Nisha_BT [SINGAPORE] Planemaker Boeing continues to see a strong market, one underpinned by robust replacement demand and traffic growth, despite a recent spate of order cancellations in the aviation industry and
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      Lock icon Emirates to devote more resources to South-east Asia
      467 21  -  Growth in demand for travel to Europe remains strong By VEN SREENIVASAN ven@sph.com.sg @VenSreeBT [SINGAPORE] The huge growth potential for intercontinental travel to and from South-east Asia is prompting Emirates to focus more resources in this region, and in particular Singapore. Andrew
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    • Article
      Lock icon Aircraft lessor Awas plans to add more planes to meet Asia demand
      615 21 Bloomberg [SINGAPORE] Awas Aviation Capital Ltd, the aircraft-leasing arm of Terra Firma Capital Partners Ltd, plans to add more jetliners next year to meet surging demand for budget travel in the Asia-Pacific region. “The growth in Asia in
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      Lock icon Maersk Line, MSC to launch vessel-sharing service in Jan
      400 21 Reu ters [SHANGHAI] Maersk Line plans to launch its new vessel sharing service with MSC Mediterranean as early as January next year, and expects to notify customers of the network and transit times by September. The world’s largest container shipper, part
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      Lock icon TRANSPORT STOCKS
      249 21 SGX '000 Aug 21 S$ +/-Vol Ch Offshore 0.48 unch 395 Chuan Hup Hldg 0.29 -0.01 123 Cosco Corp 0.74 -0.01 1333 Cwt Limited...............1.76 0.04 2165 Ezra Hldgs 1.14 unch 1375 First Ship Lea 0.10 unch 40 Grand Banks unch unch 0 Jaya Hold Ltd 0 48 K1Ventures
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  • EDITORIAL & OPINION
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      Lock icon Global help needed to battle Ebola scourge
      481 22 EDITORIAL ON Aug 8, the World Health Organisation (WHO) declared the Ebola epidemic in West Africa as “a public health emergency of international concern”. It also warned that the scourge could persist for six months to a year. If adequate steps are not
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      Lock icon Don’t believe in utopias, globalisation has its limits
      762 22  - Don’t believe in utopias globalisation has its limits THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writers Group WHAT we are witnessing in the spreading turmoil around the world in Iraq, in Ukraine, in Gaza is the silent rejection of a central tenet of US post-World War II foreign policy:
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      Lock icon Recipe for debt-free, sustainable growth
      1079 22  - Recipe for debt-free sustainable growth The first step is to recognise that banks are money creators, not financial intermediaries By KARL-THEODOR ZU GUTTENBERG RICHARD A WERNER Karl-Theodor zu Guttenberg is chairman of Spit zb erg Partners and a former German minister of the economy. Richard Werner is professor of international
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      Lock icon Responses to queries: how market reacts
      1803 23  -  A study of the query systems for the Hong Kong and Singapore bourses finds that Hong Kong’s seems to perform better By MAK YUEN TEEN, HO YEW KE E, EUGENE KWEK The writers are respectively associate professor, professor, and first class BBA (Accountancy) honours
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      Lock icon Unemployment: not just a case of out of work
      927 23  -  By PHIL LEWIS The writer is professor of economics at the University of Canberra, Australia This article first appeared in The Conversation EVERY scientific discipline has its own language, largely to save time when conversing with others from the same discipline.
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  • PROPERTY
    • Article, Illustration
      Lock icon Atlantic City hit by impending casino closures
      1226 24 Revel Hotel adds to city’s growing empty gambling space concern NYT [ATLANTIC CITY] Inside the towering oval atrium of the Revel Casino Hotel, visitors are greeted with a plain printed sign at the base of a four-storey escalator, noting simply that the building
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      Lock icon US housing starts up but analysts remain cautious
      626 25 15.7% rise in July is from apartments, which attract lower income renters Reuters [NEW YORK] The housing market in the United States roared in July, but investors may want to tiptoe rather than jump into the sector, analysts and fund managers say.
      Reuters; PHOTO: BLOOMBERG  -  626 words
    • Article
      Lock icon Central Pattana delays M’sian mall opening
      307 25 Its first shopping centre in the country will open in 2017 Reuters [BANGKOK] Thailand’s largest department store developer, Central Pattana Pcl, said yesterday it would delay the opening of its first mall in Malaysia to 2017 from 2016 as it needs more time to
      Reuters  -  307 words
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      152 24 The Business Times Call Toll-free 1800-289-9988 To Place Your Classified Advertisements CLASSIFIED 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 D04 HOUSE FOR SALE SENTOSA COVE 2-sty Detached Bunglw attic, s/pool, pte berth. Rare
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      125 24 D13 HOUSE FOR SALE 11 PUAY HEE AVE 3.5 storey. Freehold. Brand New Semi-D. Agents welcome. 4bdrm+1+1. Lift. Pool. Owner 6515 9111 9766 6666 D16 HOUSE FOR SALE EASTWOOD View to offer. 2 or 3 Generations 7 bdrm, 6 bathrm Intermediate Terrace House. SMS: 9668 3888 D17 HOUSE FOR SALE
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      137 24 D20 HOUSE FOR SALE ’SHOPHOUSE’ ADELPHI PARK Foreigners Eligible! Rare 2 sty landed townhse. 2411 sqft. Zoned Commercial! $1.81M (Below Val!) High yield. 5 min to Future MRT. 9383 3616 YK D28 HOUSE FOR SALE SELETAR HILLS ESTATE 2-sty Semi-D. 3150 sf/ 3800 sf. Serene peaceful neighbourhood. Excellent condition. Tastefully
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      122 24 D03 APARTMENT FOR SALE HIGHLINE RESIDENCES Highline Residecnes. Launching Soon. Walk to Tiong Bahru Havelock MRT, CBD view. Call Chris Chua *****739 D04 APARTMENT FOR SALE SENTOSA TURQUOISE Penthouse 3746 sqft. 4 bdrms. Owner relocating. Star unit. Resort style living. Serious seller. View by appt. Don’t miss! Call Zann Leow
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      137 24 D11 21 HOUSE FOR RENT 16A BARKER RD Prime ACS vicinity.2800/ 5100sf Newly rebuilt, beautiful design 5+ 1+ family+ pool. $20k. Others for sale. Owner 9863 5635/ 9727 2996 D11 21 HOUSE FOR RENT HUAGUAN AVENUE 2-storey attic. 6+1+1, 5000 sqft. Lovely home with pool. Family with pets will be
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      122 25 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements The Business Times CLASSIFIED BUY IT SELL IT FIND IT D16 HOUSE FOR RENT SIMEI 3sty corner terr Simei Nice, big garden. 4-bdrm (ensuite). Near Expo/ Airport. $4.8K neg. Pls Call Lily 9671 3228 D17 HOUSE FOR RENT 27A TOH AVENUE Semi-D
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      101 25 D05 APARTMENT FOR RENT THE PEAK Kent Ridge 5500 sq.ft. Hilltop luxury. Visit: www.rentahome.sg or call 9815 6931 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 9846 9988 CBRE D11 21 APARTMENT FOR
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      Lock icon Page 25 Advertisements Column 3
      173 25 D01 SHOP FOR SALE OFF CLUB STREET Rare 3-storey attic, beautiful shophse 100% reno, 4364 sf GFA, MRT, full commercial, foreigners eligible. Lynn Yeo 9664 4664 D08 SHOP FOR SALE FARRER PARK MRT Only $8xxK! Freehold retail shop. Walk to Farrer Park MRT. In the City. Good rental yield. Call
      173 words
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      Lock icon Page 25 Advertisements Column 4
      79 25 D03 OFFICE FOR RENT BUKIT MERAH Outside CDB Bukit Merah. Grd flr. Showroom/ Warehse (4000sf) with Mezzanine office (2500sf). Pte carpark lots, Ask $15k, Mr Neo 9683 9356 D05 WAREHOUSE FOR RENT 100 PASIR PANJANG Just TOP! 1453 sqft. Bare unit. Ample parking. MRT, ARC, MBC. Suitable for IT, etc.
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  • Article
    Lock icon SHIPPING TIMES
    2137 26 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 26 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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      143 27 Shipping lines seeking reliable Can they find your services here in the Shipping Times? 15-15 TO ADVERTISE, CALL JOE WONG AT *****327 The Business Times ML U UJINLJJ IIIVILJ Shipping Times Announce Your Corporate Development Come publicise your Project Completion, Ship Christenings Delivery of Newbuilds, Vessel Conversion Refurbishment, Award Wins
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  • SINGAPORE STOCKS
    • Article
      Lock icon SGX MAINBOARD
      4054 28 Transaction date: Aug 21 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 13.3 10.4 8Telecom Last Quote Div Gr Yld Net M Cap High 153.1 130.4 AIMSAMP Cap Reit 147
      4,054 words
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      Lock icon SGX CATALIST
      446 29 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 1.9 0.7 t Advanced Systems 0.8 unch 388 0.8 0.8 0.8 0.9 15.6 Last Quote Div
      446 words
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      Lock icon UNIT TRUST & FUNDS
      10464 29 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** APS Alpha Aberdeen Asset Mgt Asia Limited 1.59/ APS Alpha Fund (USD)!** 1.28/ Aberdeen Asset Mat Asia Limited 1.0033/ 2 1139/ Chna Opportunities'* China Opportunities USD!** 3 019/ Global Emerging Markets USD 1 3286/ Global
      10,464 words
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      Lock icon GLOBALQUOTE
      248 29 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 50 AVJennings A59cd +9 17 59 54 58.5 61.5 3.6 5.9 4.8 218.4 343 250 TanChongInt HK321 -2 69 322 321 321 323 9.7 3.3 3.1
      248 words
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      Lock icon SGX ETF
      1132 29 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 118 108.3 ABF SG Bond ETF 115.5 2 115.5 115.5 115.8 116.3 527.2 138 119 CIMB APAC Div 100S$D 137.6 22 138 137.6 135.8 138.4 109.9
      1,132 words
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  • FINANCE & COMMODITIES
    • Article
      Lock icon SGX DERIVATIVES TRADING
      667 30 Aug 21 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.98 *****.99 *****.78 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****6 Dec14 *****.00 *****.00 *****.00 *****.00 73 ***** MSCI TAIWAN INDEX FUTURES SPOT 339.90 339.90 337.39 Aug14 339.30 339.90 336.90 337.70 ***** *****3 Sep14 339.60
      667 words
    • Article
      Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      373 30 In local curr In S$ In US$ dy yr dy yr dy yr Aug 20 Index Change Change Change Change Change Change World Preliminary 1242.1 0.0 4.9 0.2 3.3 0.0 4.4 EAFE Preliminary 964.0 -0.1 0.8 0.0 -1.1 -0.3 0.0 Europe Preliminary 1366.5 -0.2 0.9
      373 words
    • Article
      Lock icon INTERBANK CROSS RATES
      471 30 Aug 21 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.017 5.705 0.699 7.188 56.307 108.691 0.963 9.493 2.941 1.107 93.742 40.683 1.160 9.944 0.846 27.842 29.714 0.559 0.927 Canada 0.983 5.608
      471 words
    • Article
      Lock icon SIBOR
      35 30 Aug 21 (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 6 mths Source: Thomson Reuters
      35 words
    • Article
      Lock icon GOVERNMENT SECURITIES
      82 30 Aug 21 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 1.125 01-Apr-16 101.05 101.12 101.10 5-Year NX*****W 2.5 01-Jun-19 105.59 105.70 105.65 10-Year NY*****H 3.000 01-Sep-24
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    • Article
      Lock icon PRECIOUS METALS
      120 30 Aug 21 GOLD(US$/oz) Aug 21 Aug 20 Hong Kong 1287.00 1297.00 Aug 20 Aug 19 London 1293.80 1294.60 1294.32 1295.55 Source: Thomson Reuters Source: Reuters CAST BAR Aug 21 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 49 5gm 309 255 10gm
      120 words
    • Article
      Lock icon PALM OIL
      58 30 Aug 21 Aug KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 14 2070.0 2054.0 2070.0 2044.0 924 8648 Oct 14 2057.0 2042.0 2062.0 2030.0 4321 ***** Nov 14 2063.0 2049.0 2069.0 2033.0 ***** ***** Dec 14 2085.0
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      156 30 Aug 21 Aug Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1596 1.1604 0.9272 0.9276 Canadian dollar 1.1398 1.1406 0.9117 0.9114 Euro 1.6595 1.6603 1.3270 1.3272 NZ dollar 1.0471 1.0478 0.8373 0.8376 Sterling pound 2.0740 2.0752 1.6584
      156 words
    • Article
      Lock icon CHICAGO BOT
      109 30 Aug 20 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 14 1119.75 1120.25 1133.00 1114.00 Nov 14 1038.00 1052.75 1055.00 1035.00 Jan 15 1045.75 1060.50 1062.75 1042.50 Mar 15 1052.50 1068.00 1069.75 1051.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 14
      109 words
    • Article
      Lock icon LIFFE
      95 30 Aug 20 COCOA (£/tonne) Close Prev High Low Sep 14 2068 2052 2081 2046 Dec 14 2036 2024 2047 2020 Mar 15 2003 1993 2014 1991 May 15 1986 1977 1998 1974 COFFEE(US$/tonne) Close Prev High Low Sep 14 1964 1941 1969 1930 Nov 14 1969 1947 1976 1937
      95 words
    • Article
      Lock icon BONDS, WARRANTS & EXTENDED SETTLEMENT
      997 30 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 5 0.3 1 -54 3.57 47 Asia-Pacific Strategic W*****6 3.6 0.2 ***** 1 2 57 Acma Ltd W*****7 Exer Price Ascendas REIT MB eCW*****3 Disc Asiatic Grp(Hldgs) Ltd
      997 words
    • Article
      Lock icon CRUDE OIL & PRODUCTS
      70 30 CRUDE OIL PRODUCTS Aug 20 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 101.66 0.43 WTI (Near Mth) 96.14 1.42 Dubai (1-Mth F) 100.69 0.34 Tapis blend 103.58 1.00 Minas 99.28 1.00 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 98.33 1.77 Jet Kerosene 115.60 -0.13 US$/barrel OpecOil Basket
      70 words
    • Article
      Lock icon US$/S$ FORWARD RATES
      22 30 Aug 21 S$ Bid Offer 1-month 1.2506 1.2510 2-months 1.2506 1.2510 3-months 1.2506 1.2510 6-months 1.2505 1.2509 Source: OCBC
      22 words
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      Lock icon LONDON METALS
      66 30 Aug-20 Aug-20 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2064.00 2024.00 3 months 2076.00 2039.00 Copper, Grade A(US$/tonne) Cash 7036.50 6898.50 3 months 7010.00 6867.50 Lead(US$/tonne) Cash 2261.00 2228.75 3 months 2259.00 2226.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • Article
      Lock icon FOREIGN CURRENCY NOTE RATES
      121 30 As at 9am Aug 21 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.188 1.132 Can dollar 1.161 1.117 Euro 1.697 1.617 Sterling pound 2.115 2.034 NZ dollar 1.073 1.032 US dollar 1.276 1.216 Local dollars to 100 units of foreign
      121 words
    • Article
      Lock icon INTERBANK RATES
      157 30 Aug 21 $S Offer Bid 0vernight 0.05 0.02 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.15 US$ 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
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  • executive lifestyle
    • Article, Illustration
      Lock icon All abuzz over Made-in-Singapore festivals
      875 31  -  Homegrown festivals are on the rise as event organisers, some of them first-timers, showcase the hipster side of Singapore to positive public response, reports GEORGINE VERANO reportsGEORGINE reportsGEORGINE VERANO gverano@sph.com.sg WITH the gentrification of old neighbourhoods reaching saturation point, it’s only a matter of time
      FILE PHOTO:  -  875 words
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      Lock icon Upbeat spin on ‘pasar malam’ concept
      242 31 Night Market by The Local People and Singapore Art Museum 8 Queen Street, Aug 30 Hours: 7pm to 2am Admission is free PASAR malams can be boisterous affairs but you won’t find that at The Local People’s Night Market. Together with the Singapore Art
      FILE PHOTO  -  242 words
    • Article, Illustration
      Lock icon Craft and design fest that’s a Keeper
      254 31 Keepers: Singapore Designer Collective Orchard Green, Singapore Sept 12, 2014 to Feb 15, 2015; 11am to 10pm daily MOST pop-up events disappear in the blink of an eye but not Keepers: Singapore Designer Collective. This upcoming edition of the quarterly craft and design
      PHOTO: KEEPERS – SINGAPORE DESIGNER COLLECTIVE  -  254 words
    • Article, Illustration
      Lock icon Cafe-hop till you drop
      239 31 Cafe Fest The Waterfront Promenade Sept 6 to 7; Sat, 10am to 8pm; and Sun, 10am to 7pm Admission free www.cafefest.sg I T’S only natural for public relations professionals and self-professed part-time cafe hobbyists Sarah Lek, 27, and Gabriel Tan, 29 to think up the idea
      FILE PHOTO  -  239 words
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      Lock icon Bigger and better gigs in Night Festival this year
      365 32 Singapore Night Festival Bras Basah-Bugis Precinct Aug 22 to 23 and Aug 29 to 30; from 7pm to 2am WHO says the arts precincts of Bras Basah and Bugis turn sleepy after dark? It’s been coming to life ever since The
      PHOTO: SINGAPORE NIGHT FESTIVAL  -  365 words
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      Lock icon Green light for lovers of organic local produce
      288 32 Kranji Countryside Farmer’s Market Nyee Phoe 240 Neo Tiew Crescent; Oct 4 and 5 Hours: 2pm to 7pm FED up with other organisers sometimes wrongly billing their events as Farmer’s Markets, Kranji Countryside Association (KCA) decided to right things by creating the
      PHOTO: KCA  -  288 words
    • COVER/CINEMA
      • Article, Illustration
        Lock icon Killing machine in tights
        571 32  -  French director Luc Besson piles on the action, writesGEOFFREY GEOFFREY EU DIRECTOR Luc Besson has nothing if not a fertile imagination when it comes to films where the protagonist happens to be young, female and in great danger. Besson has created some memorable characters over the
        PHOTO: UIP  -  571 words
      • Article, Illustration
        Lock icon Trouble in a vanilla paradise
        530 32  -  BY GEOFFREY EU DYSTOPIAN societies those bleak places in the future where independent thinking is suppressed and everything is characterised by a sinister soullessness are all the rage in the movies these days. Whether it’s a space station studded with luxury homes (Elysium, 2013), earth
        530 words
    • ARTS
      • Article, Illustration
        Lock icon Where TV cartoons meet contemporary art
        384 33  -  By HELMI YUSOF helmi@sph.com.sg @HelmiBT AT one point, a shower of 100 sharp darts appeared from behind the backdrop and rained on the stage. The audience in the first row panicked visibly, and got ready to bolt. But the “death-by-darts” crisis quickly dissipated as
        384 words
      • Article, Illustration
        Lock icon Raw, unfiltered theatre
        725 33  -  Mies Julie relocates August Strindberg’s play in the tinderbox of race and colonialism that’s South Africa and it is riveting, saysHELMI YUSOF HELMI YUSOF WHEN Mies Julie opened in Vancouver in March, the audience was so shocked by what they saw that they kept silent for a
        PHOTO: RODGER BOSCH  -  725 words
      • Article, Illustration
        Lock icon Living inside a graphic novel
        1227 33  -  By uihoon@sph.com.sg CHEAH UI-HOON uihoon@sph.com.sg JUST what would an artist have to do for over two days that would justify the time to watch a performance? You’ll find the answer in Nikhil Chopra’s 50-hour performance art piece, Give Me Blood and I Will Give You
        PHOTOS: NIKHIL CHOPRA  -  1,227 words
      • Article, Illustration
        Lock icon Showcase of dance in 3 stances
        488 33  -  BY HELMI YUSOF he|mi@sph.com.sg @He|miBT MASTERPIECE In Motion, the Singapore Dance Theatre’s annual triple bill of established choreographers, returns with the Singapore premiere of Val Caniparoli’s Swipe, described by SDT’s artistic director Janek Schergen as a “fast-paced, enjoyable, kick-in-the-head ballet”. Caniparoli, a leading American
        PHOTO: NICOLETHEN STUDIO  -  488 words
      • Article, Illustration
        Lock icon Edgy China works
        591 34  -  Catch the China-banned Ai Weiwei work Untitled among other controversial Chinese artists in Beyond Stuff, reports RACHEL LOI reports RACHEL LOI rachloi@sph.com.sg @RachelLoiBT AN art installation made up of stools and sunflower seeds might not send a political message; until combined with government intervention, that is. That’s
        PHOTOS: AI WEIWEI, ZHAO ZHAO  -  591 words
      • Article, Illustration
        Lock icon Going beyond the images to an artist’s soul
        812 34  -  By CHEAH UI-HOON uihoon@sph.com.sg FOR almost 10 years, Singaporeans knew Jason Lim for his organic ceramic creations, but didn’t know the “hidden” side of an artist experimenting with performance art due to the performance art ban in 1994. That was around the
        PHOTO: GAJAH GALLERY  -  812 words
      • Article, Illustration
        Lock icon Loaded issues on light feet
        663 34  -  By CHEAH UI-HOON uihoon@sph.com.sg LOADED issues on light feet that is what the dance doublebill I Stand Corrected/Hatched will be about when it plays next week, with South African dancer/performer Mamela Nyamza and British writer/performer Mojisola Adebayo taking to the stage. Both artists see art
        PHOTO: JOHN HOGG  -  663 words
      • Article, Illustration
        Lock icon China art in a state of flux
        550 34  -  By RACHEL LOI rachloi@sph.com.sg @RachelLoiBT AT first glance, Chinese contemporary artist Yang Yongliang’s works look like traditional Chinese ink paintings, complete with smoky majestic mountains and quaint fishing villages. But look closer, and those “mountains” turn out to be clusters of grey high-rise
        PHOTO: YANG YONGLIANG  -  550 words
    • PURSUITS
      • Article, Illustration
        Lock icon Iceman’s record free-dives
        933 35  -  Christian Redl is the only diver with a watch named after him, writesGEOFFREY GEOFFREY EU HE’S one cool customer, and they call him The Iceman to boot but he’s no comic-book superhero. Instead, Christian Redl earned his nickname by setting world records and going to places that
        PHOTOS: BIRGIT WENDELBERGER (ABOVE & LEFT); (OF BALI, RIGHT) CRYSTAL TIME/GERALD KONG  -  933 words
      • Article, Illustration
        Lock icon Crowded places form theme of Archifest ‘14
        474 35  -  By TAY SUAN CHIANG taysc@sph.com.sg @TaySuanChiangBT YOU’VE heard it before. With Singapore’s population at 5.2 million people, the country has indeed gotten crowded. That could well have inspired the “Crowd” theme of this year’s Archifest a Festival of Ideas for the City. The
        PHOTO: ARCHIFEST  -  474 words
      • Around Town
        • Article
          Lock icon Outings
          385 35  -  Compiled by Georgine Verano gverano@sph.com.sg The Frankenstein Freakshow: Fans of the classic horror creature Frankenstein will be delighted by the new exhibition by Kult, which will be on display at the Creatory festival this weekend. The exhibition is part of the inaugural Creatory Vol. 1 Local is Lovely and
          385 words
        • Article, Illustration
          Lock icon Pick of the Week
          256 35  -  By Rachel Loi INSPIRATION often strikes when you’re not actually looking for it. For Chinese artist Deng Cheng Wen, it struck seven years ago, while on his university graduation trip around China. He saw a group of young people walking down the street, and suddenly came
          PHOTO: DENG CHENG WEN  -  256 words
    • WINE
      • Article, Illustration
        Lock icon Draw of old favourites
        1324 36  -  Fine food and wine, such as Chablis and Bordeaux with Teochew cuisine, make for excellent bedfellows, says NK YONG NK YONG THREE very interesting wines recently out of the usual run, and most welcome too. Chablis Premier Cru Chapelot 1992, Raveneau At dinner recently in a
        PHOTO: BLOOMBERG  -  1,324 words
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      103 32 IFBO VIETNAM 2014 International Franchise Business Opportunities 4-6 September 2014 10.00am 5.00pm Tan Binh Exhibition Convention Centre Ho Chi Minh City, Vietnam International franchise brands and business concepts under one roof Get free lessons on franchising from the experts! Pick up useful tips on doing business in Vietnam *Enjoy preferential
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      18 32 Family "Ws*' Individual Lifestyle r M Photography Topical Fashion Food wm .Jt*. i New Travel mx mm* sgblogawards.omy.sg
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  • Page 35 Miscellaneous
    • Miscellaneous
      Lock icon Page 35 Miscellaneous Column 1
      335 35 CRYPTIC CROSSWORD Across 1 City engineers seen by the French house (6) 4 A horrible dribble from one making impromptu speech? (2-6) 9 Like meadow where poet’s written about saints (6) 10 Ruins meals about to be consumed (8) 11 Czar due to travel round holiday region (4,1’4) 13 Atmosphere
      335 words
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      67 36 To appreciate the finer things in Life, you must first know where they're found Introducing myAudiworld, Singapore's premier automotive privilege programme. A realm of bespoke experiences selected from the spheres of gastronomy, lifestyle, sports, and fashion. A place of exclusivity, created for the refined, and enjoyed by all who drive
      67 words
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      58 37 The Business Times b s$i .00 online at http://www.businesstimes.com.sg S|Sl A SINGAPORE PRESS HOLDINGS PUBLICATION coregnnoi*****868E MCI (P) 051/08/2014 Friday, August 22,2014 II lu Ft RO LEX '>■ ss o II US 0 28 ii- CD ELLER SKY sr 0YSTE// PERPETUAL SUPERLW/IVE CHRONOMETER offiu/ally certified fn O) 1 0 □u
      58 words
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      107 38 THE GLOBAL TRAVELLERS’ WATCH THE OYSTER PERPETUAL SKY-DWELLER IS A COMPELLING TIMEPIECE OF REVOLUTIONARY DESIGN THAT BLENDS TO PERFECTION TECHNOLOGICAL SOPHISTICATION, F U N CTIO N ALITY AN D EASE OF USE. IT PROVIDES ALL THE INFORMATION GLOBAL TRAVELLERS NEED TO KEEP TRACK OF TIME! A DUAL TIME ZONE, WITH
      107 words
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      41 39 V f<r •Ji L 55 SSS' S \>^-v A e> s> (0 I rffcy. sr oy s S(/P. a *r '^S C $Om A < X/ P% %> <3> VQ: s > XT y^c ?J m •A' IMmMJu'M Wmwtt ,y/:y. vmMmm Jv// mmm > 1
      41 words
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      60 40 OYSTER PERPETUAL SKY-DWELLER COLLECTION 'H O r> ay 28 CLLER s* Mill I, r. 28 ;%v•v y C/ YELLOW GOLD A r. 28 y r\' Mill.V Si*' 28 WHITE GOLD :.a a 'll 5T >28 y Mill I*" 4 r, a 1 28 EVEROSE GOLD t ROLEX THE ROLEX CENTRE.
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  • The Business of Time
    • Article, Illustration
      Lock icon Game-changing year for Swiss watches
      803 1  -  Despite challenges of a lacklustre World Cup 2014, the Swiss watch industry banks on reissues of classic bestsellers to score big-time, reports CHUANG PECK MING reports CHUANG PECK MING peckming@sph.com.sg orld Cup 2014 was a big let-down for the host country, Brazil. That also applies
      803 words
    • Article, Illustration
      Lock icon Chopard’s gold standard in sustainable mining
      301 2  -  It scores a first with creations forged from Fairmined gold, reportsCHUANG CHUANG PECK MING peckming@sph.com.sg THE remarkable thing about Chopard’s new complication is not so much its mechanisms than the material used to make the main parts of the watch. Its caseback, case and
      301 words
    • Article, Illustration
      Lock icon Crafted luxe pieces priced within reach
      671 2  -  By ALVIN WONG The writer is editor of Crown magazine, a specialised luxury watch magazine championing all matters horological WINE connoisseurs will tell you that it is never about buying the most expensive bottle. To really impress your peers, pick the best-tasting bottle with
      671 words
    • Article, Illustration
      Lock icon Delicate beauty of enamelling
      712 4  -  Watch dials that feature the painstaking process are costly and can take up to several months to perfect, writesKELVIN writesKELVIN LEE The writer is director of communications in a professional services firm I HAVE always loved exotic dials. From burlwood to walnut, lapis lazuli to chrysocolla,
      712 words
    • Article, Illustration
      Lock icon New Oris watch fetes 110 years
      225 4  -  By CHUANG PECK MING By peckming@sph.com.sg ORIS is celebrating its 110th anniversary this year with a new timepiece carrying a price tag that the brand is not known for. Appropriately called the Oris 110 Years Limited Edition (only 110 pieces are available), the 43
      225 words
    • Article, Illustration
      Lock icon The choice of connoisseurs
      775 6  -  A Lange Sohne redefines luxury with its Perpetual Calendar Terraluna, writesCHUANG CHUANG PECK MING peckming@sph.com.sg THE star piece in A Lange Sohne’s 2014 collection is the Richard Lange Perpetual Calendar “Terraluna”, which has an orbital moon-phase display that shows the location of the moon relative to
      775 words
    • Article, Illustration
      Lock icon Surgical precision in crafting a timepiece
      664 6  -  By CHUANG PECK MING peckming@sph.com.sg JUST when the watch movement that has been so tediously put together is about to be encased in its factory in Glashutte, Germany, A Lange Sohne does something no one in the luxury watchmaking industry does: it takes it
      664 words
    • Article, Illustration
      Lock icon Difficult decision of letting go
      329 6  -  By CHUANG PECK MING peckming@sph.com.sg THE hardest decision to make at A Lange Sohne is which watch model the German luxury watchmaker should stop production of, says its new manufacturing head Tino Bobe. For other brands, the answer may be a no-brain-er. Just drop the
      329 words
    • Article, Illustration
      Lock icon 175 years of artistry
      962 8  -  This year, Patek Philippe celebrates 175 years of watchmaking, with horological surprises that will only be unveiled in October. Its director, Dirk Paulsen, attributes the marque’s longevity and success to its emphasis on fine crafstmanship, writesTIMMY TAN writesTIMMY writesTIMMY TAN The writer is a watch enthusiast
      PHOTOS: TANG PORTFOLIO  -  962 words
    • Article, Illustration
      Lock icon Reign of Bulgari’s Octo
      591 10  -  Italian watchmakers Bulgari shows no signs of letting up on its drive in releasing newer and more impressive models in its Octo luxury line, reportsCHUANG PECK MING reportsCHUANG reportsCHUANG PECK MING peckming@sph.com.sg AFTER the push in the past two years to make the Octo known to
      591 words
    • Article, Illustration
      Lock icon Sculpted allure of Franck Muller
      169 10  -  BY CHUANG PECK MING peckming@sph.com.sg FRANCK Muller’s new Vanguard collection has a classic and a chronograph timepiece in the brand’s signature Cintree Curvex case. The 44 x 53.7 mm case comes in titanium, rose gold or red ergal and it houses an automatic movement with
      169 words
    • Article, Illustration
      Lock icon A future in the past
      591 12  -  Horological restoration projects further add to the intrinsic value of prized heirlooms when given a new lease of life, writesTIMMY TAN writesTIMMY writesTIMMY TAN The writer is a watch enthusiast AS most mechanical watches can be repaired, they tend to enjoy a long lifespan. But
      PHOTOS: TANG PORTFOLIO  -  591 words
    • Article, Illustration
      Lock icon AP launches two Concept pieces
      177 12  -  By TIMMY TAN IN addition to new versions of its Royal Oak Offshore Chronographs and a Royal Oak Offshore Diver, Audemars Piguet also launched two high complications in 2014: a Royal Oak Tourbillon Chronograph and a Royal Oak Concept GMT Tourbillon. Unlike similar pieces created
      177 words
    • Article, Illustration
      Lock icon Omega still the alpha watch
      1230 14  -  With its biggest breakthrough in anti-magnetism, Omega retains its pole position, writesCHUANG CHUANG PECK MING peckming@sph.com.sg RE-ISSUES stand out in Omega’s new launches this year. Over half of the brand’s 2014 novelties are comeback models. The flagship timepiece in the new collection is the Seamaster
      1,230 words
    • Article, Illustration
      Lock icon High art of watchmaking – at lower prices
      870 14  - High art of watchmaking at lower prices By SU JIA XIAN The writer has been a lifelong watch enthusiast. He contributes to publications across Asia as well as his own blog at www.WatchesBySJX.com WATCHMAKERS are responding to unenthusiastic demand and depressed market conditions by treading cautiously. That means that there
      870 words
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      Lock icon Rolex’s edgy reissues
      560 16  -  The GMT-Master II, Sea Dweller 4000 and Perpetual Datejust Pearlmaster 34 are lavished with more design enhancements, reportsCHUANG PECK MING reportsCHUANG reportsCHUANG PECK MING peckming@sph.com.sg THE toughest thing to do impossible, according to many in the industry was to make the new GMT-Mas-ter II look just like
      560 words
    • Article, Illustration
      Lock icon Tudor’s Bay watch retooled
      357 16  -  By CHUANG PECK MING peckming@sph.com.sg WITH the first Tudor Heritage Black Bay still hot in the market, it’s a bit of a surprise that Tudor has released yet another Black Bay model. Is it trying to cash in on the Black Bay’s popularity? The original timepiece
      357 words
    • Article, Illustration
      Lock icon High-tech dive
      846 20  -  IWC unveils 9 new Aquatimer models, including a giant perpetual calendar and a bronze chronograph, reportsCHUANG PECK MING reportsCHUANG reportsCHUANG PECK MING peckming@sph.com.sg WITH the mercury on an upward trajectory these days, the allure of a refreshing dip in a cool, blue pool can be overwhelming. For the
      846 words
    • Article, Illustration
      Lock icon Porsche tie-up proves a coup
      613 20  -  By CHUANG PECK MING peckming@sph.com.sg THE first Aquatimer diving watch appeared in 1967, almost 50 years ago, when scuba diving was getting popular. But it was only after a tie-up with Porsche, in particular the 1982 launch of Ocean 2000 designed by Ferdinand A Porsche,
      613 words
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      Lock icon Paean to penmanship
      538 24  -  Montblanc pays tribute to the Meisterstuck, its iconic writing instrument, which marks its 90th anniversary this year, reports chuang peck ming reportsCHUANG reportsCHUANG PECK MING peckming@sph.com.sg IN A nod to the brand’s origins, Montblanc has launched a watch collection paying homage to the Montblanc Meisterstuck the first
      PHOTO, PEN COLLECTION; BLOOMBERG  -  538 words
    • Article, Illustration
      Lock icon Diver’s watch is Cartier’s first plunge into sports
      618 26  -  Rigorous testing add heft to Cartier’s elegant new creation, writesCHUANG CHUANG PECK MING peckming@sph.com.sg THE brand that’s better known for jewellery, artistry and fine watchmaking goes sporty this year with the launch of its first diving watch. But Cartier hasn’t abandoned its
      618 words
    • Article, Illustration
      Lock icon High art of sleight of hand
      469 26  -  By CHUANG PECK MING peckming@sph.com.sg IT was billed as the biggest jewellery show ever. Held in the Grand Palais in Paris early this year, Cartier: Style and History, conveyed through an art historian’s eyes the evolution of Cartier’s creations from its beginning in 1847
      469 words
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      Lock icon Well-trodden path for Panerai
      740 27  -  Panerai’s two new chronograph models perpetuate a time-honoured tradition that dates back to 1943, writes chuang peck ming writesCHUANG writesCHUANG PECK MING peckming@sph.com.sg CHRONOGRAPHS are the main attractions of Officine Panerai’s 2014 novelties, which include pendulum clocks and pocket watches. The two new models launched this
      740 words
    • Article, Illustration
      Lock icon Tag Heuer clocks a first
      318 28  -  The avant-garde MONACO V4’s micro-belt innovation is a cut above, writesCHUANG CHUANG PECK MING peckming@sph.com.sg TAG Heuer’s new MONACO V4 Tourbillon makes the tourbillon even more complicated. A micro-belt is used to drive this tourbillon a “world first”, the brand claims. “The avant-garde timepiece is
      318 words
    • Article, Illustration
      Lock icon Perpetuating the movement
      642 28  -  By TIMMY TAN The writer is a watch enthusiast THE date display is one feature most people want when buying a watch. Having that on a three-hand watch, how many times a year must they reset the dates at the start of the month to be, literally,
      642 words
    • Article, Illustration
      Lock icon Zenith in race to be lightest
      390 28  -  By CHUANG PECK MING peckming@sph.com.sg LUXURY watch brands have been battling to produce the thinnest timepiece in recent years. The battle’s focus may soon shift to making the lightest watch. Zenith has already started the ball rolling. While scratching their heads over what to
      390 words
    • Article, Illustration
      Lock icon Testing the limits of thinness
      894 29  -  Piaget stands unchallenged in making ultra-thins, reportsCHUANG CHUANG PECK MING peckming@sph.com.sg ALL 145 parts that went into making Piaget’s new ul-tra-thin watch had to be trimmed, sometimes down to no thicker than a strand of hair. The Swiss watchmaker says these include some wheels measuring
      894 words
    • Article, Illustration
      Lock icon Blancpain ups the ante
      570 30  -  Its Bathyscaphe is updated with more high-tech wizardry, writesCHUANG CHUANG PECK MING peckming@sph.com.sg DIVING watches used to be too chunky for everyday wear. So the Bathyscaphe was born in the 1950s in a size that’s equally at home underwater as on land. The watch was “reinterpreted”
      570 words
    • Article, Illustration
      Lock icon Homage to iconic Roger Dubuis
      281 30  -  By CHUANG PECK MING By peckming@sph.com.sg THE Hommage collection was first unveiled nearly 20 years ago to pay tribute to the generations of watchmakers who have left an imprint on Roger Dubuis’s DNA. The new Hommage collection, which captures the very essence of classical watch-making,
      281 words
    • Article, Illustration
      Lock icon Time-honoured artisanal craftsmanship
      293 30  -  By CHUANG PECK MING peckming@sph.com.sg THESE three timepieces showcase the technique of paillonne enamelling perfected by Jaquet Droz’s artist craftsmen. Paillonne enamelling is a marriage of azure and gold, a design of infinite delicacy and incredibly high standards an ornamental technique which Jaquet Droz has excelled in
      293 words
    • Article, Illustration
      Lock icon Hitting the high notes
      433 31  -  From acoustics to high-tech, Jaeger-LeCoultre blazes new trails, writesCHUANG CHUANG PECK MING peckming@sph.com.sg JAEGER-LECOULTRE is still in the race to produce the world’s thinnest watch. When Piaget launched an even slimmer hand-wound timepiece this year, beating Jaeger-LeCoultre’s record held for just a year, the latter unveiled
      433 words
    • Article, Illustration
      Lock icon Hublot unveils the Soccer Bang
      356 31  -  By CHUANG PECK MING peckming@sph.com.sg “SOCCER BANG” is the nickname. Its real name is “Hublot’s Big Bang Unico Bi-Retrogade Chrono The Official Watch of the 2014 Fifa World Cup Brazil”. The official timepiece of World Cup 2014, in other words. There is one in black
      356 words
    • Article, Illustration
      Lock icon Ode to the modern woman
      432 32  -  Richard Mille’s new women’s watches are a sensitive melding of strength and femininity, writes chuang peck ming writesCHUANG writesCHUANG PECK MING peckming@sph.com.sg 2014 is the “Year of the Woman” for Richard Mille, and its collection dedicated to the fairer sex includes a feminine interpretation of
      432 words
    • Article, Illustration
      Lock icon Most advanced perpetual calendar
      287 32  -  By CHUANG PECK MING peckming@sph.com.sg ULYSSE Nardin’s Perpetual Manufactureis “the most advanced perpetual calendar in the history of watchmaking”. Yet, it’s less complicated than other similar complications: The day, date, month and year are easier to set on its calendar than other perpetual calendars. They can
      287 words
    • Article, Illustration
      Lock icon Time of world’s cities on hand
      319 32  -  By CHUANG PECK MING peckming@sph.com.sg THE Escale Worldtime and Tambour evolution Spin Time GMT nicely complement Louis Vuitton’s popular travellers’ bags and accessories. Indeed, the star of the brand’s latest watch collection, the Escale Worldtime, which tells the time of key cities, features a
      319 words
    • Article, Illustration
      Lock icon Chronicles of rare chronographs
      1259 33  -  Vintage chronographs, such as the 1923 Patek Philippe sold by Sotheby’s for US$2.9m recently, have piqued interest among global collectors, writes SHAWN TAN writesSHAWN writesSHAWN TAN The writer is an enthusiast of vintage watches and is the owner and curator of a local vintage watch gallery,
      PHOTO: SHAWN TAN  -  1,259 words
    • Article, Illustration
      Lock icon Year of bounty for collectors
      1056 34  -  2014 marks the year of special releases, some at prices within reach of first-time collectors, writesCHUANG CHUANG PECK MING, TIMMY TAM LONGINES THE Column-Wheel Single Push-Piece Chronograph harks back to the first chronograph wristwatches Longines developed in 1913. Its 40 mm case, in steel or
      1,056 words
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      57 1 Chopard unveils world first in Fairmined gold Page 2 Patek Philippe’s 175th Year celebrations Page 8 Bulgari reissues its winning Octo line Page 10 Montblanc’s paean to penmanship Page 24 Coordinator: Chuang Peck Ming Copy Editor: George Joseph Sub-Editor: Chantal Nair Cover design: Simon Ang Advertising sales: Tom Yuen (9623-1128),
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      41 4 I V I m «an V bon o'c WS W >Js 5^ "tta c/fSMntiStoHtfa' EL PRIMERO CHRONOMASTER 1969 TRIBUTE TO THE ROLLING STONES N ITH SWISS WATCH MANUFACTURE SINCE 1865 WWW.ZENITH-WATCHES.COM WWW.ROLLINGSTONES.COM For any further enquiries, kindly contact us at Zenith.SG@lvmhwatchjewelry.com
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      85 5 VS& A AUDEMARS PIQUET BOUTIQUE MARINA BAY SANDS J, V OPEN NG SEPTEMBER AUDEMARSPIGUET.CO i > I H A* > C ."'r' j f N A 1 >- v V‘ t, V' S. m' TO. BREAK THE* POLES, y6U'MUST -FIRST MASTER' THEM. 0 -_J. r 1 L‘, ■.*.»>■’■*< *T tT*.
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      64 7 m 2* A N E R A C O M ft ms C- \1 w r o 30 fs si 6 0 v r > 0 NOR l_l\ IVI m R gatt m 9 4 e R/\ N R/\ DESIGNandTECHNOLOGY. LUMINOR 1950 REGATTA 3 DAYS CHRONO FLYBACK TITANIC (REF. 526)
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      203 8 Luxuriate in the exquisite allure of the world’s renowned luxury watch jewellery brands at THE SHOPPES AT MARINA BAY SANDS Discover the lustrous history of fine watchmaking and high jewellery within The Shoppes at Marina Bay Sands this August, and uncover the process from which these artistic objects are created.
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      156 9 RICHARD MILLE A RACING MACHINE ON THE WRIST i St m O at 70 r Sj. > m s w S' i J I is* f ■V- r J TOURBILLON RM 38-01 G-SENSOR BUBBA WATSON Manual winding tourbillon movement Baseplate, bridges made in grade 5 titanium G-force indicator Free sprung
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      296 10 0 0 o <C> ;V o H m >/ IS WR ZDBAR TOUGH MVT. Sfff® W' TRIPLE SENSOR fu C I ■2O iiii i i i ml liil JJ <v ='5>> 7 O Q *7 7^ SNOOK RESIST I f^*s=C p—■ >S iSWri £f»lA *r< SS& £fr>os cS. -~ar 1
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      88 11 2 ss MS p1)S™% 0 S Al rOMATIQUF 'v 60 Vf m v o 30 15 >n H <s> A a 4 yy St? 4 S LOUIS VUITTON Tambour eVolution Explore a world of higher technology, the new world of Tambour eVolution. Its architectural design and bi material components combine
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      166 12 r^mr LON par pOL P-4/ \0 UTC <?- o ■fc />» <? <s> <c f; 'St x O o rsx O •V 3 s ‘p 7^ 50 o 5 >•© <p n 0) -I I >.o vj i A 2 W; i? 03 r cp s/ V > V .V
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      114 13 NARDIN Le Locle Suisse 1 m, 98 v W r 2 Q > oa t 11/ a i d a j A.»a r J r* I L. r h N m s* -tW) w i V ft THE HOURGLASS Freak Phantom Flying Carrousel-Tourbillon with second FLYING TOURBILLON. 8-DAY POWER RESERVE.
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      182 15 THE HOURGLASS HM3 Poison Dart Frog $5 l n I; y f i r 0 HOROLOGICAL LAB C3H5N309 lit Sfi St V o« <s So J o 9 5 '1. C 3 H 5 N3O8 UR-21 ORG .i fir a Fo *0 ■xsJo r URWERK QAUMGARTWER a FREI ZURICH/ QEIVEVE
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      126 16 TIMING FOR CHAMPIONS In 1971, Swiss watchmaker, Edox, introduced the world’s first WorldTimer timepiece the Edox Geoscope. To mark the 130th anniversary of Edox, the Geoscope returns with an updated version, Limited to 300 pieces world-wide. A modern imaging of its predecessor with its orange hour markers and world map
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      693 17 ADVERTORIAL Bling with zing Be dazzled by some 400 bejewelled watches on display at Paragon in the biennial Jewellery Time show staged by Cortina Watch Bulgari Octo Tourbillon Full Diamonds Chopard Imperiale Automatic Blancpain Specialites Leman Tourbillon Cartier Rotonde De Cartier Mysterious Hours Zenith Pilot Type 20 Tourbillon Corum Golden
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      109 18 / 19 W\\ ISO I I w r Q OMEGA S'&asnatife/i 0 0 < CO-AXIAL CHRONOMETER ■cx in >15'000 GAUSS *> y k f mJ^y ss s I it IN IS i a x i i i I >7* 9*! ■V tlJ "V J N V V V s \l O OMEGA
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      83 20 b t Or/A n .'/V M y rv QU£/v V6' t r K I The Signature Collection, j Discover wellbeing technology. Philip Stein's Natural Frequency Technology was designed to help cope with stress and improve focus. The Signature Watch Collection combines this innovative technology with a stunning design, to help
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      94 21 kW WV v MONT BLANC v 1 > Meisterstuck Heritage Perpetual Calendar and Hugh Jackman Crafted for New Heights Featuring one of the most delicate complications in fine watchmaking, the Montblanc Meisterstuck Heritage Perpetual Calendar will require no adjustments until the year 2100, so long as its automatic Caliber MB
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      71 24 t V 111: L, P s ir i i —t I I Kh 4_* i •>-'• real watches real people ORIS NC 128 Oris Artix Pointer Moon Automatic mechanical movement Stainless steel case Unique lunar cycle display Water resistant to 10 bar/100 m www.oris.ch ORIS Swiss Made Watches Since BrisI
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      191 27 BUDDY CHECK: JEALOUS. s n m Aquatimer Chronograph Edition “Expedition Charles Darwin”. Ref. 3795: People are often jealous of things they would like to own. In this respect, jealousy is just a form of acknowledgement, and the truth of the notion can be seen from this watch. The bronze case
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      128 29 ;V^: m I < .<. H V J #3 I trM f/, > i *>- ■El 'V VV t V* HU V i Mr*' 1 N r i p SPTS Classic Fusion Aero Chronograph. R Self-winding skeleton chronograph S H. movement. Case crafted in a new .■S A V >
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      83 31 Manual winding mechanical movement with calibre FM 1700, developed and manufactured in-house by FRANCK MULLER®. 18K rose gold case with power reserve indicator at 11 o’clock. FRANCK MULLER BOUTIQUE 01-07 ION ORCHARD (65) 6509 3380 L1-55 THE SHOPPES AT MARINA BAY SANDS (65) 6634 8825SINCERE FINE WATCHESTAKASHIMAYA S.C. (65) 6733
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      108 33 YOU CAN'T MEASURE ADVENTURE BUT YOU CAN MEASURE THE TIME PURSUING 36^ y„. "X;*- W*‘ "V •v' o 'S T -Si ;-,0 J .M o' v i. 'V V A IS m m > •i i S* M -it #5ZZT y. v ’A«gAi Jfcr &\?r.m\ 1 v» r*> ss: 'HT
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      151 35 Our tourbillon ensures highest rate accuracy. Now you can also set it with absolute precision 12 ii i s i 2 v' olashCttk /sa 9 3 8 4 C) h V. •c B \> S C j GLASHUTTE VSA Ar The stop-seconds device for the tourbillon presented by Lange in
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      157 36 ra Ss^- Cr 1 •«A _-jr« r 'V *4 V> v s 3 V fe, 1 V-l SSSSu-S BO aEjUSH iS.., 7 --r^sv. ,«S?’“5 SS?C '■N. lw ss >-7 S .■X w N Bi JAN n\Q/v S > 3 5 4 IB i ik: mill :r ,v y g^l ■■>■
      157 words