The Business Times, 17 December 2016

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Microfilm: NL34123
Total Pages: 63
1 36 The Business Times
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      71 1 T H E W E E K E N D I N T E RV I E W Krystal Choo Founder of social travel app Wander Millennials Moving in on the W dec17-18 path.indd 1 14/12/16 12:08 AM <A ro o z O O CD m 05 o D 05
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      57 2 BUSINESSTIMES.COM.SG CO REGN NO *****2868E MCI (P) 040/08/2016 A SINGAPORE PRESS HOLDINGS PUBLICATION k Buzz 4 Buys 6 The Weekend Interview Krystal Choo, founder of social travel app Wander 8 Feature Right Young Things 10 Design 16 Drive Wishing on a Car 20 Sporty New Ride 25 Food 26 Holiday
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      32 2 y Photography: Juliana Tan Location: Ascott's Lyf showflat Styling Direction: Desmond Lim Styling Assistant: Joey Tan Hair: Bosco Eng from Hairloom Outfit: Polyproplene turtleneck by Prada; brilliant lamb skirt by Bottega Veneta
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      22 3 TAKASHIMAYA SHOPPING CENTRE 6836 7588 RINGS IN DIAMONDS, WHITE GOLD AND YELLOW GOLD COCO CRUSH CHANEL.COM BT *****511-1 22OCT2016.indd 1 17/10/2016 15:12
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  • Weekend
    • Weekend Buzz
      • Article, Illustration
        Lock icon Food For Less
        100 4 / 5 In 2015, Singapore generated a total of 785,500 tonnes of food waste, according to the National Environment Agency (NEA). Such scary statistics were what inspired ex-bak kut teh seller Tan Jun Yuan to find a solution by developing a food discount app, 11th Hour. It lists promos
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      • Article, Illustration
        Lock icon Dine Now
        112 4 / 5 L–R:PARK BENCH DELI The popular sarnie joint offers two festive sandwiches for a limited time only. Hot Butter Ball, is a take on the classic Thanksgiving staple with slow-cooked turkey, finished with a brown butter and truffle gravy. The Porchetta Sandwich, features pork belly and caramelised onions. T:
        COMPILED BY RACHEL LOI, TAY SUAN CHIANG, DYLAN TAN  -  112 words
      • Article, Illustration
        Lock icon Adrenaline Junkies
        104 4 / 5 From the producers of acclaimed stage shows The Illusionists and Le Noir, comes Cirque Adrenaline, a heart-pounding, jaw-clenching ‘live’ spectacle featuring the world’s most daring and death-defying acts. Call it Circus 2.0, as it updates traditional acts and mixes clowns and trapeze artists with daredevil motorcyclists and complex
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      • Article, Illustration
        Lock icon my favourite book
        53 4 / 5 save the date(2016) BY OLGA ISERLIS “I’ve been a fan of Ms Iserlis’ works, having seen some of the events she has hosted in glossy magazines and on Instagram. I also like entertaining at home, and her tips on throwing a successful party are helpful.” Gillian Lee,
        53 words
      • Article, Illustration
        Lock icon Merry Moomin Christmas
        87 4 / 5 Parkway Parade welcomes one of Finland’s most recognisable and beloved characters, the Moomins a family of white, roundish fairy tale creatures with large snouts that make them look like hippos this festive season. Originating from a series of books and comic strips written by Tove Jansson, the
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      • Article, Illustration
        Lock icon Connoisseur Class
        116 4 / 5 Japan’s largest airline ANA adds two renowned master chefs to its ‘The Connoisseurs’ program, where acclaimed chefs design meals for its airport lounges and international flghts. Takeshi Kikuchi is head chef of Tokyo Shiba Tofuya Ukai, while Joachim Splichal is the founder and executive chef of the Patina
        AS TOLD TO RACHEL LOI  -  116 words
      • Article, Illustration
        Lock icon Jingles & Jazz
        63 4 / 5 Jingles Jazz Jazz singer Alemay Fernandez and modern-day soul man Rob Collins return to bring festive cheer to The Black Swan on Dec 23, at 7pm. The duo played to a sold-out crowd last Christmas and is set to warm the heart of even the biggest Grinch. Four course dinner
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      • Article, Illustration
        Lock icon My Weekend
        157 4 / 5  -  WHAT PEOPLE DO, WHY AND WHERE DEBBIE LEE CEO FOUNDER TECH STORM “I am a huge Star Wars fan so catching Rogue One is top of my weekend to-do list on a Saturday. It’s different from the earlier Star Wars series as it’s a stand-alone release. For Sunday,
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    • Weekend Buys
      • Article, Illustration
        Lock icon Boutique
        59 6 “Dressing is a way of life” YVES SAINT LAURENT Wool Knitted Cardigan, Price unavailable from Moncler Kiss Blush Duo, $55 From YSL Beauty Sophia Webster beaded clutch, $1202.98 From Net-a-Porter. Golden brass bracelet, $785 From Chloe. Cire Trudon Cyrnos Candle, $150 from Escentials Leather strap watch, $4,390 from Hermes.
        BY LIRONG. PRICES ARE ACCURATE AT TIME OF PRINTING  -  59 words
    • Weekend Interview
      • Article, Illustration
        Lock icon Krystal Choo
        922 8 / 9  -  CEO and founder of social travel app wander by RACHEL LOI Krystal Choo believes that for someone to be an entrepreneur, they need to be at least slightly delusional. Like her. “When society tells me no, you can’t you’re too young, you’re a girl; Singapore is too small;
        PHOTOGRAPHY JULIANA TAN  -  922 words
    • Weekend Feature
      • Article, Illustration
        Lock icon Right Young Things
        399 10 Helmi Yusof finds out why brands are bending backwards to court a connected, fearless and idiosyncratic generation of consumers— the Millennial. FEW millennials actually like being called a “millennial”. “It’s as if we are one bloc of people, all behaving the same way when in fact, we
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      • Article, Illustration
        Lock icon Selling to Millenials
        1835 12 Interactions with the audience (who e-mail me or post comments under the video) are immediate. Coming from a background of theatre and TV, this was new to me. It’s much easier to stay engaged with the online community.” IN THE SAME WEEK that Ascott launched Lyf, cognac
        PHOTOGRAPHY JULIANA TAN  -  1,835 words
    • A SCOTTS SQUARE SPECIAL
      • Article, Illustration
        Lock icon LUXURY WISH LIST
        288 14 / 15 GIFTS IN A CLASS OF THEIR OWN, FOR THE DISCERNING SHOPPER. ONLY AT SCOTTS SQUARE. Clockwise from top left Galop ring in silver from HERMÈS Infinito desiderio necklace in white gold with diamonds from DAMIANI Chain link bracelet in sterling silver and 18k rose gold with diamonds
        STYLINGVERNON SIM. PHOTOGRAPHY CHING @ GREENPLASTICSOLDIER. PHOTO ASSISTANT WANG ZHI XIANG. STYLING ASSISTANT CHRISTINE LIM; 6 SCOTTS ROAD S228209 // WWW.SCOTTSSQUARERETAIL.COM // INSTAGRAM@SCOTTSSQUARESG  -  288 words
    • Weekend Design
      • Article, Illustration
        Lock icon A Soft Spot
        535 16 / 17 Calming shades of blue and sand flow through this redesigned 1970s apartment. Tay Suan Chiang gets a closer peek. WITH a busy lifestyle that includes running her own dermatology clinic, playing squash in the evenings, cooking for friends and frequent travelling for both work and leisure, all
        PHOTOGRAPHY: YEN MENG JIIN  -  535 words
    • Article, Illustration
      Lock icon A NEW LYF
      704 18 / 19 Get set for the latest brand from leading international serviced residence company, Ascott, created specifically for millennials. ADVERTORIAL It is the age of the traveller who enjoys co-working and co-living, who craves discoveries and community, and desires local experiences. It is the age of the millennial traveller,
      704 words
    • Weekend Drive
      • Article, Illustration
        Lock icon Wishing on a Car
        387 20 Need something special for a motoring buff? Samuel Ee has some ideas. Have a Field day. Want something as cool as the new Aston Martin DB11 but in a more conducive price range? Try the Field Jacket by British menswear label Hackett. Taken from the Autumn/
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      • Article, Illustration
        Lock icon Sporty New Ride
        648 25 BMW’s new 5 Series ups the game with cool design updates and more agile handling, as Samuel Ee reports. THE seventh generation of BMW’s most recognisable model is so new it seems the only thing carried over is the round blue and white badge. The German premium
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    • Weekend Food
      • Article, Illustration
        Lock icon Old Times Goo’d Times
        960 26 / 27 Will century-old tempura and Michelin- starred Italian cuisine win over the taste buds of finicky Singapore diners, wonders Tay Suan Chiang. ippoh Tempura Bar by Ginza ippoh Block 17B Dempsey Road T. 1800 304 3388 Considering how spoilt for choice Singapore diners are when it comes
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    • Weekend Holiday
      • Article, Illustration
        Lock icon Viva Cuba!
        1935 28 A different kind of revolution is shaking up Cuba, a nation emerging from decades of deep freeze. Geoffrey Eu comes away enchanted. CHANGE is coming to Cuba and it’s about time. After decades of proud isolation, this Caribbean island nation, seemingly frozen in time since 1959 and defined
        Cuban countryside  -  1,935 words
    • Weekend Watch
      • Article, Illustration
        Lock icon Ladies First
        1073 32 Women are about to get star treatment from IWC, which is spearheading a movement to develop more watches just for women, starting with next year’s Da Vinci collection. Chuang Peck Ming has the details. IT was nearly a decade ago that Swiss luxury watch brand IWC Schaffhausen launched
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    • Weekend Nostalgia
      • Article, Illustration
        Lock icon Picture Show
        165 34 Feb 1953 Plush seats and Dolby stereo sound may be the norm in today's cineplexes, but the first public cinema in Singapore was nothing more than a pitched tent set up by a travelling Parsi showman. Located at the junction of Hill Street and River Valley Road, he
        BY AVANTI NIM. IMAGE YUSOF ISHAK COLLECTION, COURTESY OF NATIONAL ARCHIVES OF SINGAPORE  -  165 words
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      73 7 Didier Gourdon J L RICHARD MILLE S3N p ss s r» s# t 3 i k t -•> a? "v"*V 8 Vi to r- i (Vi w i/J-i r-v i •>.* -A i c" Tits £V tP! §1 **>1.*-. *2.i Cv •v'v v V. .N t‘* p CALIBER RM 07-01
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      55 8 / 9 t ROLEX THE DAY-DATE 3 6 The ‘presidents’ watch’, the first wristwatch to display the day and date in full, has marked the height of prestige and elegance since 1956. It doesn’t just tell time. It tells history. 28 OYSTER PERPETUAL DAY-DATE 36 THE ROLEX CENTRE. ORCHARD ROAD SINGAPORE. TEL:
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      180 22 G O U R M E T T R AV E L’ S DEFINITIVE LIST OF WINNING WINES DBS INSI GNI A V IS A INFINITE C A R D IS THE O FFI CI A L C A R D A N D C ATEGO R Y SP O
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      2581 24 FOR MORE INFORMATION ON PURCHASING THE WINNING WINES BORDEA U X BLE N DS V I S I T T H E P E A K M A G A Z I N E C O M S G G W I N E S 2 0 16 Chateau Du
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      49 35 Stretch your weekend Get the best in travel, food, design, motoring and fashion, in-depth features, thought-provoking columns and insights of the week.. Stretch your weekend with the new Business Times Weekend now. Subscribe now at btsub.sg/promo or call 6388 3838 •bourne eat *> al the SPCiJ° *#nr WS T ho°ght
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      168 36 i utXsh Vi m ■< MJwH f i fj m I <• > •;> 4 ■Mar- **v\ K 3» 1/ #i 'V* Vi 3 BREATHE RULE DU MUST FIRST MA j T ■I V PS V I 3C51 K* 1 < S 5 r?+ THEM. THE VALLEE DE JOUX. FOR
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES businesstimes.com.sg fb.com/thebusinesstimes @BusinessTimes A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MCI (P) 038/12/2016 S$1.20 DECEMBER 17-18, 2016
    22 words
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      197 1 THE RAFFLES CONVERSATION PATRICIA SCOTLAND, COMMONWEALTH SECRETARY-GENERAL 14-15 CUBICLE FILES ’Tis the season to take a break 35 OFFBEAT Keep the trolls on Facebook 36 U P F RO N T INTO THE WILD INSIDE VIEW The stage is set for a new era in US-China tensions And so, with
      197 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Trump sets the stage for US-China tensions
      907 2  -  INSIDE VIEW by Vikram Khanna 1What do you think was the most remarkable thing that happened this week? For potential impact, especially on our region, but also globally, nothing matches President-elect Donald Trump’s provocation of China on the issue of the “One China
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    • Article
      Lock icon THE WEEK IN REVIEW
      224 2 Total employment in Singapore tumbled by 2,700 in July-September, after slower growth in the past two quarters, according to the Ministry of Manpower's latest Labour Market Report. It was the first drop since the first quarter of 2015. Tues, Dec 13 Singapore and Malaysia agreed to
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    • Article
      Lock icon THE WEEK AHEAD
      42 2 The Hong Kong Monetary Authority’s announcement of the composite interest rate at the end of November Mon, Dec 19 The Bank of Japan’s statement on monetary policy Tues, Dec 20 Singapore’s consumer price index for November Fri, Dec 23
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      298 3 I WHERE THE VIEWS ARE ENCHANTING ALL AROUND “We have a great view even though we’re located on the ground floor because we’re looking out to unique architecture found only in Tiong Bahru.” a t t i on g b a h ru A luxurious home centrally located at Tiong
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  • UPFRONT
    • Article
      Lock icon H1 2017 housing supply under GLS up slightly in balancing act
      865 4  -  Observers say lack of commercial sites also offers reprieve to office-retail supply By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE government has marginally raised residential supply under the confirmed list of its Government Land Sales (GLS) programme in what is
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    • Article
      Lock icon Singapore’s NODX up a surprise 11.5% in November
      647 6  -  Sharp jump contrasts with expections of a fall; while full-year figures still show decline, analysts say this bodes well for 2017 By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore NON-OIL domestic exports surprised the market with not just a recovery, but a sharp
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    • Article
      Lock icon ‘Great potential’ to boost S’pore-Philippines trade, investment
      557 7  -  Noting “close bilateral relationship”, SBF head calls Philippines an important overseas destination for S’pore businesses By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE Philippines is both one of Asia’s fastest growing economies and a newly industrialised country, and there is “great potential” for Singapore
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    • Article
      Lock icon Changi Airport Terminal 4 construction completed, on track for launch in 2H17
      374 7  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore CONSTRUCTION of Changi Airport’s Terminal 4 (T4) has been completed, with the new passenger terminal building having received its temporary occupancy permit (TOP) this month. This paves the way for the next
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    • Article
      Lock icon S$ slide against US$ won’t prompt MAS shift: analysts
      617 8  -  Challenging economic conditions more likely to affect policy decisions than currency volatility by Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE Singapore dollar’s slide against the US dollar is unlikely to prompt any adjustment by the country’s central bank because most other currencies
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    • Article, Illustration
      Lock icon Ex-BSI banker Yvonne Seah gets 2 weeks’ jail, S$10,000 fine
      800 9  -  She made an error of judgement and a mistake while doing her job: defence lawyer by Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore FORMER BSI senior private banker Yvonne Seah Yew Foong was sentenced to two weeks’ jail and fined S$ 10,000
      Source: Court documents  -  800 words
    • Article
      Lock icon Migration control a must, says UK Brexit Secretary
      453 10  -  by Neil Behrmann btworld@sph.com.sg London BREXIT Secretary David Davis has disclosed the first clear direction on how the UK would conduct exit negotiations with the other 27 European Union (EU) states with emphasis on the referendum vote demanding control of migration. The
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      366 4 CONGRATULATIONS TO OUR SINGAPORE ENTERPRISE AWARDS 2016 WINNER /7> -nfinS SINGAPORE ENTERPRISE AWARDS 2016 CoSeClinic Services Pte Ltd www.coseclinic.com ■W’ COSECLINIC GROUP OF COMPANIES Your One-Stop Business Solutions Mr. Lim Chong Huat, CEO It is important to make sure that a new company can build to last. Many entrepreneurs are
      366 words
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      70 5 Near in Escape st. Everything. It’s the answer to everything you love about convenience in a location that lets you escape from it all. N A s's I M 18 Nassim Hill For exclusive viewing, please call +65 9199 2377 +65 9690 5135 Gwen Lim (CEA No.R*****2B) Jason Tan (CEA
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      97 6 Relax. Your weekend is here. THE BUSINESS TIMES f 'V.4 5SSS of Fams Mm* mm Now you can enjoy THE BUSINESS TIMES Weekend edition every Saturday at your doorstep. Subscribe now at btsub.sg/weekend or call 6388 3838. Terms Conditions: Subscription Eligibility New subscribers: Subscribers who do not have a Business
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      428 7 CONGRATULATIONS TO OUR SINGAPORE PROMINENT BRANDS 2015/2016 WINNER )enaa/>ore TM>TA\ T T X T I71\.T^P a i w > > i o/Yuzas 2015 20l6 C3QQQQ ALLIANCES PTE LTD Your Safety Is Our Priority We are committed to deliver positive experiences Mr. Kenny Liu ZhenQi, Managing Director Beginning as a sole
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      39 8 Current Affairs Special Singapore Economy at the Crossroads What's Next? Broadcast details 6 Dec 2016 to 3 Jan 2017 New episode every Tuesday 9.30pm on StarHub TV E City CH111/825 ●10.00pm on zaobao.sg http://bit.ly/zb-it-matters Chinese programme with English subtitles
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      242 9 THE SOUND VISION SPECIALIST The Headphone Bar SALE Parrot Audeze Cypher Labs AKG Audinst Sennheiser B&0 Heir Audio WOO Audio Fischer Audio HiFiMAN Ultimate Ears JAYS Klipsch Chord Selection of over 200 models available T Parrot t Zik3.0 J •t FiiO RHA Shure KEF Burson Westone Grado Turntable Specials for
      242 words
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      194 10 St* news with benefits IN ASSOCIATION WITH wine our best picks <UA WINE ADVOCATE Jfj T W j- %'ii i m rr~ < > 'A, Fine wines at your doorstep Subscribe to ST's new wine club and get up to four bottles of premium wine delivered to your home every
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      88 10 NOTICES Notice of Appointment of a Liquidator under Section 204 of the BVI Business Companies Act. GLOBAL UNITED CONSULTING LTD. (In Voluntary Liquidation) Company No. *****16 NOTICE is hereby given pursuant to Section 204, subsection 1 (b) of the BVI Business Companies Act, 2004 that the Company is in voluntary
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  • BRUNCH
    • Article, Illustration
      Lock icon INTO THE WILD
      1647 11  -  LOVE THE IDEA OF CAMPING BUT HATE ROUGHING IT OUT IN THE MIDDLE OF NOWHERE? WITH GLAMPING, CAMPING NO LONGER MEANS LEAKY TENTS, HARD AND WET GROUND OR BUSH TOILETS. BY JUDITH TAN juditht@sph.com.sg When you go glamping, there is absolutely no hassle of pitching tents, unrolling
      PHOTOS: OLARE MARA KEMPINSKI, MANVAR CAMP, JUDITH TAN, CHANG AI-LIEN  -  1,647 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon PUTTING THE COMMON BACK INTO WEALTH
      2047 14 / 15  -  BARONESS PATRICIA SCOTLAND IS DETERMINED TO REINFORCE THE RELEVANCE OF THE COMMONWEALTH. BY VIVIEN SHIAO BY VIVIEN SHIAO vshiao@sph.com.sg @VivienShiaoBT MENTION ‘Commonwealth’ and chances are, the most immediate links Singaporeans would make will be to the Games every four years, or recognise it simply
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  • INVESTING & WEALTH
    • COMPANIES
      • Article, Illustration
        Lock icon Ascott adds to portfolio with 31.3m-euro Irish hotel acquisition
        399 16  -  Temple Bar Hotel has 136 units and is located in Dublin’s city centre by Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore CAPITALAND has acquired the 136-unit Temple Bar Hotel in Ireland for 31.3 million euros (S$47 million). The hotel in the Temple Bar
        PHOTO: THE ASCOTT  -  399 words
      • Article
        Lock icon Muddy Waters shorts top China dairy farm; shares suspended
        406 16 BLOOMBERG Shanghai SHARES of China’s largest dairy farm operator, Hong Kong-listed China Huishan Dairy Holdings Co, were suspended on Friday after shortseller Carson Block’s Muddy Waters Capital LLC said the company is “worth close to zero” and questioned its profitability in
        BLOOMBERG  -  406 words
      • Article
        Lock icon Uber Singapore plans to enrol and engage more drivers in 2017
        572 16  -  by Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore COME 2017, Uber riders and drivers can look forward to new services, innovative product enhancements by the ride-hailing platform, as well as a more humanised Uber brand. Warren Tseng, general manager of Uber
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      • Article
        Lock icon Coca-Cola bottler to outsource warehouse ops
        406 17  -  Coca-Cola Singapore Beverages is finalising negotiations with Yeo Hiap Seng JOB CUTS By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore AS IT winds down operations at its Tuas bottling plant, Coca-Cola Singapore Beverages (CCSB), the bottling partner of Coca-Cola, will be outsourcing its warehousing operations to
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      • Article
        Lock icon UBS axing nearly two dozen jobs in Asia to cut costs: sources
        471 17 REUTERS Hong Kong UBS Group AG is cutting nearly two dozen jobs in its Asian investment banking business, mainly in Hong Kong and Singapore, as part of a push to slash costs, people with direct knowledge of the
        REUTERS  -  471 words
      • Article
        Lock icon Civmec to invest A$80m in shipbuilding facility near Perth
        261 17  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore AUSTRALIA-based construction firm Civmec Limited is planning to invest A$80 million (S$85 million) to construct a shipbuilding facility near Perth, Australia. The new facility will be situ- ated on about seven hectares of land adjoining
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      • CORPORATE DIGEST
        • Article
          Lock icon Elektromotive Group
          105 17 CATALIST-LISTED Elektromotive Group got the green light from shareholders at an extraordinary general meeting on Friday to change its business and its name. Shareholders present and voting approved the sale of its 5 5 per cent stake in its electric vehicle charging business, according to its Singapore Exchange
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        • Article
          Lock icon Serrano
          144 17 THE chief executive officer and executive director of interior design contractor Serrano Ltd has been declared bankrupt by the court. Catalist-listed Serrano said on Friday morning that the court had a bankruptcy order made against Chia Wing Keong after a hearing on Thursday. The proceedings were initiated by Bank
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      • Article, Illustration
        Lock icon Air-France KLM opens new regional office in Singapore
        503 18  -  New set-up consolidates three main businesses in one location by Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE Air France-KLM group has opened its new regional office in Singapore at Alexandra Road to consolidate its three main businesses under one roof and to serve
        PHOTO: AIR FRANCE-KLM  -  503 words
      • Article
        Lock icon Merck wins record US$2.5b patent verdict against Gilead
        622 18 BLOOMBERG New York GILEAD Sciences Inc the biopharmaceutical giant with a market capitalisation of US$100 billion, which Singapore’s Temasek Holdings owns 1.05 per cent of, was told by a US federal jury to pay US$2.54 billion to Merck Co for using a
        BLOOMBERG  -  622 words
      • Article
        Lock icon SECURITIES TRADING SCOREBOARD
        186 18 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 6 2 0 1 0 5 7 2 Manufacturing 40 30 34 10 7 10 50 37 44 Commerce 13 17 13 5 3 5 18 20 18 Tpt/Stor/Comms 10 6 8
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      • Article
        Lock icon SECURITIES TRADING TURNOVER
        130 18 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,523 402 15,925 59,543 62 59,605 Manufacturing 175,904 86,092 261,996 182,344 3,496 185,840 Commerce 189,176 22,233 211,409 116,685 410 117,094 Tpt/Stor/Comms 105,098 105,098 176,335 176,335 Finance 20,045 532 20,577 242,475 81 242,556 Construction 6,960 4,067
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      • Article
        Lock icon Hawkish FOMC this week’s main feature
        549 19  -  STOCKS by R Sivanithy THE US Federal Open Markets Committee (FOMC) meeting this week was meant to be a non-event as markets had for several weeks already been expecting an interest rate hike. As it turned out, the Fed lived up to expectations with
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      • Article
        Lock icon BT SHARE INFORMATION SERVICE
        795 19 Substantial shareholder/director transactions For week beginning Dec 12 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Fragrance Grp Ltd 14-Dec-16 Koh Wee Meng Buy 400 0.16 *****50 74.57 *****50 74.58 Fragrance Grp Ltd
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      • BROKERS’ TAKE
        • Article
          Lock icon Genting Singapore > Sell
          181 19 Genting Singapore > Sell OCBC Investment Research, Dec 16 Target price: S$0.75 Dec 16 close: S$0.945 JAPAN finally legalised casinos on Thursday. We expect that licences will only be awarded late 2018 or 2019 at the earliest. Japan has singled out Singapore as a role model with its integrated resort
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        • Article
          Lock icon Singapore property > Neutral
          238 19  - Singapore property > Neutral Compiled by Melissa Tan Maybank Kim Eng, Dec 14 RECENT Chinese, Malaysian and Indonesian measures to stem capital flights from their respective countries suggest that the free flow of capital across borders should not be taken for granted. We estimate that over 40 per cent of
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    • Article
      Lock icon Emerging market debt offers value, says fund manager
      799 20  -  Over the long term, it is less volatile than US equities despite similar risk premium and higher carry. by Genevieve Cua gen@sph.com.sg @GencuaBT EMERGING markets present a “lukewarm” macroeconomic picture, but the region’s debt remains an attractive investment proposition, says JC Sambor,
      799 words
    • Article
      Lock icon Fintech firm could help unravel mysteries behind flash crashes
      681 20 BLOOMBERG London SUDDEN jolts in the currency market may be becoming more frequent, with at least three flash crashes over the course of 14 months. But there is some hope in finding out their causes more quickly. Citigroup Inc is investing
      BLOOMBERG  -  681 words
    • Article, Illustration
      Lock icon Making investment decisions according to stocks’ social risks
      1058 21 Investing based on ESG factors has taken off in recent years, driven by big pension funds and money managers trying new ways to evaluate potential investments. NYTIMES PFIZER stock was riding high in June 2015, up 128 per cent in five years,
      NYTIMES; PHOTO: NYTIMES  -  1,058 words
    • Indices
    • Commodities
      • Article, Illustration
        Lock icon Oil (US$/bbl)
        28 22 NAME PRICE/UNIT 3-MONTH% Gold US$1,133.85/oz -13.6 Silver US$16.107/oz -14.8 Copper US$5,732/MT 19 .9 Soybeans US$1,029.0/bu 7.7 Palm Oil MYR3,172/MT 24.0 Coffee US$142.75/lb -5.9 Sugar US$18.47/lb -17.8
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    • Currencies
      • Article
        Lock icon Asian currency vs USD
        94 22 CURRENCY PRICE 5-DAY 5-DAY 1-MONTH 1-MONTH YEAR-TO-DATE Singapore dollar 1.4435 -1.38 -1.79 -2.11 China RMB 6.9599 -0.81 -1.20 -6.79 Offshore RMB 6.9540 -0.32 -1.00 -5.52 Indian rupee 67.8285 -0.55 0.03 -2.46 Indonesian rupiah 13,406 -0.89 -0.06 3.31 Japanese yen 118.19 -3.03 -7.23 1.85 Korean won 1,185.91
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      • Article, Illustration
        Lock icon Singapore dollar per USD
        12 22 Compiled from Bloomberg at 5.30pm on Dec 16
        Compiled from Bloomberg at 5.30pm on Dec 16  -  12 words
    • STI
      • Article
        Lock icon Straits Times Index component stocks
        398 23 NAME PRICE WEEKLY PRICE CHANGE SATS Ltd LOW HIGH YTD TOTAL RETURNS P/E P/B DIVIDEND 12-MONTH YIELD MARKET CAP ($M) 52 WEEK PRICE RANGE SATS Ltd 4.97 3.76 5.11 34.1 23.1 3.63 3.2 5,536.9 Wilmar International Ltd 3.7 2.64 3.71 28.9 21.7 1.13 2.2 23,370.3
        398 words
    • Reits and rates
    • REAL ESTATE
      • Article, Illustration
        Lock icon Slowdown in New York’s high-end housing market
        567 24 Developers facing tough times in Big Apple, but projected fall in land prices offers silver lining NYTIMES New York THINGS are getting choppy in New York’s once-rocketing residential real estate market. Last week, the developers of what was planned as the city’s tallest
        NYTIMES; PHOTO: BLOOMBERG  -  567 words
      • Article, Illustration
        Lock icon Vancouver homes so pricey, government offering loans for down payments
        552 24 BLOOMBERG Vancouver HOME prices are so expensive in Canada’s priciest property market that the government is stepping in with loans to help first-time buyers rustle together a down payment. The province of British Columbia will start a programme on Jan
        BLOOMBERG; PHOTO: BLOOMBERG  -  552 words
      • Article, Illustration
        Lock icon US$100 million deal to save Pier 40 in Manhattan approved
        882 25 In return, developer gets nod for vast 5-tower residential complex with retail and maybe hotel NYTIMES New York IT’S a twofer. After years of negotiations and bickering, the New York City Council on Thursday approved plans to allow a developer
        NYTIMES; PHOTO: NYTIMES  -  882 words
      • Article
        Lock icon Househunt
        1418 26 Property transactions for selected districts with contract dates between Dec 1 and Dec 6, 2016 PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN TRANSACTED PSF TOX* RENTAL STREET NAME TYPE DATE /LAND PRICE (S$) YIELD** AREA (S$,000) (SQF) District 5 PARC RIVIERA Condo 03/12/2016 99 603 729 1,209 5.19 PARC RIVIERA
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      • Article
        Lock icon Top median rentals of projects by district in last 3 months
        294 27 PROJECT NAME/ PROPERTY LOWEST MEDIAN HIGHEST NO. OF STREET NAME TYPE PRICE (S$) PRICE (S$) PRICE (S$) TRANSACTIONS District 1 THE SAIL MARINA BAY Apt 2,573 4,600 8,800 25 District 2 ICON Apt 3,000 3,750 5,600 20 District 3
        294 words
      • Article
        Lock icon Top 10 Condo searches
        93 27 RANKING NAME TOTAL SEARCHES IN PAST MEDIAN PRICE PSF TWO WEEKS (S$) 1 WATERBANK AT DAKOTA 320 1,422 2 THE BOUTIQ 320 1,352 3 COSTA RHU 296 1,118 4 WOODGROVE Condo 215 616 5 OPTIMA TANAH MERAH 213 1,114 6 FLAMINGO VALLEY 210 1,168 7 THE
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      • Article
        Lock icon Mortgage rates this week
        161 27 DATE FLOATING RATES, PEGGED TO: FIXED RATES WEEK OF DEC 12 SIBOR SOR COMBO BANK’S BOARD RATE Lowest rate 1.17% 1.36% 1.47% 1.00% 1.80% this week Change from 0.00% -0.01% 0.00% 0.00% 0.00% last week Monthly payment* $1,154.31 $1,180.76 $1,195.60 $1,130.62 $1,242.56 Change from $0.28 -$0.18
        161 words
      • Article, Illustration
        Lock icon Rents in London tumble for first time since 2010
        319 27 But rates are expected to rise again next year REUTERS London LONDON rents, which are among the highest in the world, have fallen this year for the first time since 2010 as landlords rushed into the rental market before a tax
        REUTERS  -  319 words
    • IN GRAPHIC DETAIL
      • Article, Illustration
        Lock icon MANY MOONS AGO
        396 28 Rogue One: A Star Wars Story, a standalone episode of the Star Wars universe, is now showing in theatres. It tells the tale of a group of misfits who banded together to steal the blueprint of a colossal superweapon. The Business Times checks out the biggest badass
        Source: DK Star Wars Incredible Cross-Sections, screenrant.com, ebates.com & wookieepedia BT Graphics: HO YAN HAO, TEOH Yl CHIE, SARAH CHUA & SIMON ANG  -  396 words
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  • Page 25 Advertisements
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      Lock icon Page 25 Advertisements Column 1
      49 25 HOT PROPERTY 7JLN JITONG SEMID Open Hse Brand New/Wide Front Lift FH 3446/6200sf 5+1 ensuite BRAND NEW SEMI-D Jln jarak 2.5sty 3490/ 5900 sf, 7+1 pool Lift. Park 2cars. Face NS Easy access. LANDED PROPERTIES FOR SALE Check out these properties and more in The Straits Times Classified now!
      49 words
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  • THE BROAD VIEW
    • Article, Illustration
      Lock icon Clicking with bricks
      884 30  -  Has our fastest-fingers-first approach to shopping online caused footfalls to fade in Singapore’s brick-and-mortar stores? SATURDAY SOAPBOX by Chantal Sajan chantal@sph.com.sg ONLINE shopping has been such a boon for me especially during Christmas when I can zip through my list of gifts and rack up substantial savings
      FILE PHOTOS  -  884 words
    • Article, Illustration
      Lock icon Forget AT&T; the real monopolies are Google and Facebook
      898 31  -  While Washington frets over an AT&T-Time Warner merger, Silicon Valley giants have taken over the media business. COMMENTARY by Jonathan Taplin NYTIMES THE proposed merger of AT&T and Time Warner has drawn censure from both sides of the political aisle, as
      NYTIMES; PHOTOS: NYTIMES, REUTERS  -  898 words
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  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      29 31 THE BUSINESS TIMES News Centre, 1000 Toa Payoh North Podium Level 3, Singapore *****4 SPH: 6319-6319 BT: 6319-5360 FAX: 6319-8278 Customer service: 6388-3838 www.businesstimes.com.sg Press releases: btnews@sph.com.sg Letters: btletter@sph.com.sg
      29 words
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 2
      30 31 CHIEF EXECUTIVE OFFICER SPH ALAN CHAN DEPUTY CHIEF EXECUTIVE OFFICERSPH PATRICK DANIEL editor-in-chief(english/malay/tamil media group) WA RREN FERN A NDE Z managing editor (english/malay/tamil media group) A LV IN TAY
      30 words
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 3
      13 31 DEPUTY CHIEF EXECUTIVE OFFICER SPH ANTHONY TAN GROUP CHIEF MARKETING OFFICER ELSIE CHUA
      13 words
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 4
      12 31 EDITOR WONG WEI KONG ASSOCIATE EDITOR VIKRAM KHANNA NIGHT EDITOR EDMUND LOH
      12 words
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 5
      29 31 BT INC EDITOR LILIAN ANG CHIEF SUB-EDITOR DEXTER LEE FOREIGN CONTENT EDITOR QUAH CHOON POH DIGITAL EDITOR CHRISTOPHER LIM DEPUTY DIGITAL EDITOR LEE KIM SIANG GRAPHICS EDITOR SIMON ANG
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    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 6
      27 31 NEWS EDITOR VEN SREENIVASAN DEPUTY NEWS EDITOR CHEN HUIFEN ASSOCIATE NEWS EDITOR ANGELA TAN ASSISTANT NEWS EDITOR JOYCE HOOI LIFESTYLE EDITOR JAIME EE VIDEO EDITOR JONATHAN NG
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  • SPORTS
    • Article, Illustration
      Lock icon A ROLLER-COASTER YEAR IN SPORTS
      1152 32  -  From Schooling’s Olympic gold medal to Leicester’s EPL triumph 2016 was certainly a year to savour THE FINISH LINE by Lee U–Wen leeuwen@sph.com.sg @LeeUwenBT THERE’S just a fortnight left before we bid 2016 a fond farewell, and sports fans will look back on an action-packed
      FILE PHOTO  -  1,152 words
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  • HEALTH
    • Article, Illustration
      Lock icon Lessons from a 10-year-old boy’s chest pains
      1471 33 It could be a life-threatening situation if they’re accompanied by other symptoms such as loss of appetite, fever or joint pains I RECEIVED a call in the middle of the night to attend to Master S. He was a 10 year old boy
      PHOTO: FILE  -  1,471 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon You are not getting hungry...
      943 34 While the popularity of hypnosis to tackle wellness issues can be attributed to celebrities, most people turn to it as a last resort NYTIMES YOU are getting sleepy... you are getting in touch with your subconscious... you are going to skip the dessert table at
      NYTIMES; ILLUSTRATION: NYTIMES  -  943 words
    • Article, Illustration
      Lock icon ’Tis the season to take a break
      1311 35  -  Times are tough, but the best way to continue doing great work is to take time out to refresh and recharge CUBICLE FILES By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT IN every company, there will always be those few who seem to keep accumulating their
      ILLUSTRATION: KENNETH LIM  -  1,311 words
    • Article, Illustration
      Lock icon Keep the trolls on Facebook
      685 36  -  OFFBEAT by Kelly Tay kellytay@sph.com.sg @KellyTayBT EVERY election year, I witness an unfriending frenzy unfold on my Facebook feed. In 2016, it was mostly my American friends who were on a purging rampage “If you’re dumb enough to vote for Trump, you’re really not worth
      ILLUSTRATION: YU KEXIN  -  685 words
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  • Page 36 Miscellaneous
    • Miscellaneous
      Lock icon Page 36 Miscellaneous Column 1
      341 36 CRYPTIC CROSSWORD Across 1 Those wanting worn-out horse to move getting tools? (12) 9 Checking a complete treatment (5-4) 10 A maiden given massage back in the old country (5) 11 One given 12 by a letter? (6) 12 Come down with an agreement (8) 13 Swell girl keeping one
      341 words