The Business Times, 26 November 2016

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Microfilm: NL34121
Total Pages: 76
1 12 The Business Times
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      71 1 S$1.20 I N ES S T I M ES N OT TO B E S O LD S E PA R AT E LY FR O M T H E B U S Nov 26–27 2016 Revved Ready Women who love fast, flashy cars HAPPILY HAWKER AFTER New future for
      71 words
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      48 2 Buzz 4 Buys: Men’s 6 The Weekend Interview Rebecca Wei, President of Christie’s Asia 8 Feature Drive, She said 10 Design Plate It Cool 14 Wine 16 Watch 17 Haunt Geylang 18 Food Happily Hawker After 20 Holiday What’s Brewing Dusseldorf? 22 Drive 24 Style 26 Nostalgia 30
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      9 2 Fiona Bartholomeusz and her BMW I8. Photography Juliana Tan.
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      68 3 Didier Gourdon RICHARD IVIILLE A RACING MACHINE ON THE WRIST 40 45 50 w\\\wv\\vv<A \\\\\\t\l\n\UlllttAl|lllM/(f////////// A////////// H I LU u r. c- iA co (/> 3 3>s O m S MS 4 r-, A ///#/////»/pni/»(0»t|iiTT^nu\nn\\ I as a a a® afl Kl v RICHARD MILLE BOUTIQUES SINGAPORE Grand Hyatt Hotel
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  • THE BUSINESS TIMES Weekend
    • Weekend Buzz
      • Article, Illustration
        Lock icon Head For The Hills
        86 4 There’s plenty of reason to hike up Fort Canning Hill for the weekend. This year’s edition of the outdoor music and arts festival, Neon Lights, boasts a stellar lineup: there’s Pumarosa, an exciting new five-piece band from London which plays a unique brand of “industrial spiritual”
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      • Article, Illustration
        Lock icon Dine Now
        82 4 l–r:VLVHave a glass of champagne with your dim sum brunch at this new Clarke Quay restaurant for S$58++ and up. T.6661 0197. NEON PIGEON Chef Justin Hammond launches a new menu with “Progressive Japanese” dishes like unagi rice pan and charcoal fried rump. T.6222 3623. MITZO Check out
        COMPILED BY DYLAN TAN, CHEAH UI-HOON, RACHEL LOI, AVANTI NIM  -  82 words
      • Article, Illustration
        Lock icon Private Getaways
        143 4 Natural luxury might seem like a misnomer but the people behind Bawah Private Island disagree. Set to open in the summer of 2017, the collection of five pristine islands located just two hours from Singapore features 35 ecodesigned villas. Each will feature a bedroom, bathroom and living area
        143 words
      • Article, Illustration
        Lock icon my favourite album
        50 4 (2002) BY SIGUR ROS “One of my favourite bands in the world is coming back to Singapore this weekend so I intend to revisit this classic and play it to death to psych myself up for the show at Neon Lights on Sunday night.” Sean Lee, entrepreneur
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      • Article, Illustration
        Lock icon My Weekend
        700 5 WHAT PEOPLE DO, WHY AND WHERE “I try to spend my weekends in Bali as much as I can. It’s quite a rare treat as I do travel often to Jakarta, Singapore, Hong Kong and increasingly, Manila, for work. In Bali, I will be pottering around my Tegallalang
        AS TOLD TO CHEAH UI-HOON, RACHEL LOI, AVANTI NIM  -  700 words
    • Weekend Buys
      • Article, Illustration
        Lock icon Men’s
        70 6 “Fashion has to reflect who you are, what you feel at the moment, and where you’re going.” PHARRELL WILLIAMS singer, rapper Rockstud Lace Up Shoes from Valentino, $2520 Damier coated canvas Backpack with cowhide leather trimmings from Louis Vuitton, $3800 Art Deco Rollerball Pen from Alfred Dunhill, $1200 Dior
        PRINTING OF TIME AT ACCURATE ARE PRICES RONG. BY LI  -  70 words
    • The Weekend Interview
      • Article, Illustration
        Lock icon Rebecca Wei
        967 9  -  President of Christie’s Asia by HELMI YUSOF REBECCA Wei became President of Christie’s Asia after four years at the world’s biggest auction house. She previously held a top position at management firm McKinsey Company, where she was the first female partner elected in its Greater China office. Under
        YANG PHOTOGRAPHY KEVIN  -  967 words
    • Weekend Feature
      • Article, Illustration
        Lock icon Drive,She Said
        2065 10 Flashy cars are no longer just for the big boys. Geoffrey Eu meets a fastgrowing breed of women behind some of the hottest wheels in town. A FANCY sports car pulls up next to you at the traffic light. It’s a lowslung, high-performance number with all the frills
        PHOTOGRAPHY JULIANA TAN, YEN MENG JIIN  -  2,065 words
    • Weekend Design
      • Article, Illustration
        Lock icon Plate It Cool
        463 14 Tea artist Carrie Chen demonstrates how contemporary plating adds a fresh twist to traditional nonya delicacies. CARRIE Chen’s quietly elegant teahouse in 98 Emerald Hill Road is the kind of house everyone wants. The tasteful Oriental interiors are the perfect backdrop for the vast array of Chinese
        STYLING CARRIE CHEN. PHOTOGRAPHY MICKY WONG. ART DIRECTION CHEAH WEI CHUN. TEXT AVANTI NIM.  -  463 words
    • Weekend Wine
      • Article, Illustration
        Lock icon Making Grape Strides
        527 16 The world-famous wines of Montalcino owe much to the spirit of American enterprise, as Christopher Lim learns first hand on a visit to Tuscany. MONTALCINO is an Italian town in southern Tuscany, two hours’ drive from Rome’s Fiumicino Airport. It is almost synonymous with Brunello di Montalcino,
        PHOTOS COURTESY OF BANFI  -  527 words
    • Weekend Watch
      • Article, Illustration
        Lock icon Man Of The Heuer
        665 17  -  The legendary Jean-Claude Biver explains why TAG Heuer continues to grow in spite of the soft market. TEXT CHUANG PECK MING “YOU can’t ask how bad it is. For us, it’s how good,” Jean-Claude Biver says in a booming voice. “TAG Heuer is doing double-digit growth.”
        PHOTOS TAG HEUER.  -  665 words
    • Weekend Haunt
      • Article, Illustration
        Lock icon Geylang
        515 18  -  WITH ANDREW JONES The British executive coach explains why Singapore’s notorious red light district has held him enthralled for over 18 years. TEXT HELMI YUSOF WHEN British expat Andrew Jones tells Singaporeans he lives in the heart of Geylang, some react with a leering smile or giggle. But the
        PHOTOS JULIANA TAN  -  515 words
    • Weekend Food
      • Article, Illustration
        Lock icon Happily Hawker After
        1048 21 Rachel Loi checks out three new eateries led by owners determined to bring old-school local food to a whole new tier. AT first, hardly anyone thought about it, but now you hear no end of the debate about Singapore’s hawker food. The story is often the same
        PHOTO COURTESY OF  -  1,048 words
    • Weekend Holiday
      • Article, Illustration
        Lock icon Whats Brewing Dusseldorf?
        491 22 Constantly voted one of the world’s most liveable cities, Dusseldorf is also the perfect gateway to other German and European cities, as Dylan Tan discovers. LIKE Singapore, size doesn’t matter for Dusseldorf, and the capital city of the German state of the North-Rhine-Westphalia knows a thing or
        PHOTOS MESSE DUESSELDORF, BREIDENBACHER HOF, DYLAN TAN  -  491 words
    • Weekend Drive
    • Weekend Style
      • Article, Illustration
        Lock icon Hot Wheels
        158 25 What do you do with a stylish Lexus? Dress to match of course. Tweed jacket and leather gloves with attached J12 XS watch from Chanel. Trackpants from Adidas. Pump In lambskin and canvas from Christian Dior. Fusion sneakers with sequined embroidery from Christian Dior. Silk chiffon printed skirt
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    • Weekend Nostalgia
      • Article, Illustration
        Lock icon Girl Meets World
        132 29  -  BY NIM. AVANTI Mar 1973 The year our iconic Singapore Girl made her international debut. A year after the split from Malaysia-Singapore Airlines (MSA) in 1972, the newly-formed Singapore Airlines (SIA) started expanding its destinations and launched the ‘Come Fly With Me’ campaign. Fronted by the Singapore
        IMAGE SINGAPORE PRESS HOLDINGS  -  132 words
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      289 7 ADVERTISEMENT S ROCKY MOUNTAINEER A gxt&fri<mjMiLc &xp&iience UMOV a \al£aa/“ Forget the newest Michelinstarred restaurants, and have your next gourmet meal on board a train journey with some of the most stunning views of the Pacific Northwest and Canadian Rockies. On the Rocky Mountaineer, you have a choice of two
      289 words
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      51 9 f ROLEX THE LADY-DATEJUST The classically feminine Rolex, sized and styled to perfectly match its wearer since 1957. It doesn’t just tell time. It tells history. Rl -sj- ininv* T C-'-f '28 ,13 OYSTER PERPETUAL LADY-DATEJUST 28 IN PLATINUM THE ROLEX CENTRE. ORCHARD ROAD SINGAPORE. TEL: 6830 5100 FAX: 6235
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      49 30 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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      27 31 THERE ARE EXCEPTIONS TO EVERY RULE. AUDEMARSPIGUET.COM ROYAL OAK DIAMOND SET IN PINK GOLD AUDEMARS PIGUET BOUTIQUES: ORCHARD ROAD LIAT TOWERS THE SHOPPES AT MARINA BAY SANDS
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  • Title Section
    Lock icon Masthead
    20 1 WEEKEND www.businesstimes.com.sg @BusinessTimes A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MCI (P) 066/08/2016 S$1.20 NOV MBER 26-27, 2016
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      194 1 THE RAFFLES CONVERSATION STEVE HAFNER, CEO OF KAYAK 14-15 CUBICLE FILES Return of the ex-employee 34 OFFBEAT You say tomato, I say... potato? 35 The Curious Case Of The Singapore Worker employee alert. Red eyes, last seen in office at midnight. Brunch 11-13 Zombie PHOTO-ILLUSTRATION: SIMON ANG W E AL
      194 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Free trade: Is it really, really dead?
      809 2  -  INSIDE VIEW by Cai Haoxiang 1What do you think was the most remarkable thing that happened this week? Well, if you are waiting to be married and are hunting for a relatively cheap property, the biggest news this week is the release of
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    • Article
      Lock icon THE WEEK IN REVIEW
      229 2 Deputy Prime Minister Tharman Shanmugaratnam launched SGInnovate, an entity that will consolidate innovation efforts in Singapore. It will curate and bring together entrepreneurs and industry partners to collaboratively develop tech innovations for the world. Tues, Nov 22 Premiums for passenger car COEs softened. Category A, for
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    • Article
      Lock icon THE WEEK AHEAD
      49 2 The United States’ GDP estimates for Q3. Tues, Nov 29 Singapore’s producer and international trade price indices for October. Tues, Nov 29 The Monetary Authority of Singapore’s monthly statistical bulletin. Wed, Nov 30 Release of the United States’ employment situation data for November. Fri, Dec 2
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  • UPFRONT
    • Article
      Lock icon Masterminds of 2013’s penny stock crash charged in court
      878 4  -  The trio are alleged to have rigged the market for Blumont, Asiasons and LionGold; Soh Chee Wen the only one denied bail by Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE curtains rose on Singapore’s biggest market-rigging scandal on Friday, as the alleged
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    • Article, Illustration
      Lock icon Lucien Wong named the next Attorney-General
      488 4  -  by Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore LUCIEN Wong Yuen Kuai, chairman and senior partner at law firm Allen Gledhill, has been appointed Attorney-General (AG) for three years, from Jan 14, 2017. He will replace VK Rajah, senior counsel (SC), who is due to
      488 words
    • Article, Illustration
      Lock icon Singapore-Russia ties are strong and can grow further: Tharman
      682 6  -  Russia was Singapore’s 21st-largest trading partner in 2015, with bilateral trade reaching S$7.66 billion RUSSIA-SINGAPORE INTER-GOVERNMENTAL COMMISSION By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE fact that Singapore continues to have a flourishing relationship with Russia on many levels is a plus
      PHOTO: LIANHE ZAOBAO  -  682 words
    • Article
      Lock icon CAI consortium buying Vladivostok International Airport
      435 6  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore A CONSORTIUM backed by Changi Airports International (CAI) is acquiring Vladivostok International Airport, with plans to develop it into a hub linking Asia and Russia. Russian Direct Investment Fund (RDIF), CAI and diversified business group Basic Element each
      435 words
    • Article, Illustration
      Lock icon S’pore retailers hitch ride on Black Friday bandwagon in search of sales bump
      660 7  -  For some, sales promotions on online and offline shopping will continue over the weekend by Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore RETAILERS here are banking on a boost as they jump on the Black Friday bandwagon to spur
      PHOTO: VEN SREENIVASAN  -  660 words
    • Article
      Lock icon How did Black Friday get its name?
      174 7 THE story most repeated is that it is the day US retailers would finally turn a profit, or swing into the black, after being in the red all year. This marks the kick-off of the Christmas shopping season. However, the origins actually stem
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    • Article, Illustration
      Lock icon October factory output rises amid doubts about manufacturing strength
      521 8  -  Volatile biomedical segment up 11.3% year on year, driving the overall sector’s 1.2% expansion UOB economist Francis Tan sees “lots of uncertainties for Singapore’s manufacturing sector”, with weak demand conditions continuing to bite. By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore Singapore SINGAPORE’S
      Source: Singapore Economic Development Board  -  521 words
    • Article
      Lock icon More funding support ahead for marine firms
      583 9  -  MTI announces enhancements to Internationalisation Finance Scheme and reintroduction of Bridging Loan facility by Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore MARINE and offshore engineering (M&OE) companies in Singapore will soon enjoy more financing support from banks and the government as the industry contends with
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    • Article
      Lock icon SMOU helping to defray seafarers’ accommodation cost
      439 9  -  by Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore MINISTER in the Prime Minister’s Office Chan Chun Sing on Friday unveiled a scheme to help defray the accommodation costs of maritime officers and lighten the financial load of shipping companies amid a sectorial downturn. Describing
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    • Article
      Lock icon Companies must report retrenchments to MOM from January 2017
      513 10 This is to allow the ministry to extend employment support to affected workers THE STRAITS TIMES Singapore MORE help for retrenched workers is on the way. From January next year, employers must notify the Ministry of Manpower (MOM) of retrenchments within
      THE STRAITS TIMES  -  513 words
    • Article, Illustration
      Lock icon Govt help schemes reaching more SMEs during this tough period, says Tharman
      508 10  -  By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT Singapore DEPUTY Prime Minister Tharman Shanmugaratnam, acknowledging that small and medium-sized enterprises (SMEs) in Singapore are going through a tough period now, said on Friday that he was heartened that more SMEs have
      PHOTO: LAU FOOK KONG/THE STRAITS TIMES  -  508 words
    • Article
      Lock icon Civil servants to get year-end bonus of half a month
      149 10  -  by Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore CIVIL servants in Singapore will get a year-end bonus of half a month, in line with the economy’s slower growth this year, said the Public Service Division (PSD). It also said that lower-wage civil
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      181 5 U 1/ <1 T r 'Ij it i^ I Ktt I l 1 1 L MINI 3 DOOR rt. v i DON’T BLINK OR YOU’LL MISS IT. THE MINI COOPER 3 8 5 DOOR. NOW FROM $131,800. Combined with a responsive MINI TwinPower Turbo engine for a fast yet efficient
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      242 7 THE SOUND VISION SPECIALIST •T Parrot 7 Zik3.0 I The Headphone Bar SALE Parrot Audeze Cypher Labs Audinst B&O Burson Westone AKG FiiO RHA shure Grado Sennheiser Heir Audio WOO Audio Fischer Audio KEF JAYS HiFiMAN Ultimate Ears Klipsch Chord Selection of over 200 models available Turntable Specials for Analogue
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      561 8 NOTICES TENDER NOTICE ISSUED BY STATE TRADING ORGANIZATION PLC TO PURCHASE A CLEAN PETROLEUM PRODUCT TANKER Tenderers are hereby invited by State Trading Organization Plc. of the Republic of Maldives, to submit their proposal for the subjected tender. The eligible Tenderers are limited to ship-brokers and ship-owners who meet the
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      297 9 KAdeKA LtftsiyU Jtis OtHt-t SAVOUR MOMENTS WITHFINEWInWPurchase Kadeka Wine Chiller to Receive Tyrrell Hunter Valley Wines. Plus! Win Vintage Wines. From now till 28 Feb 2017 mm) Pamper your fine wines in sleek and classy Kadeka wine chillers, designed with the protection of 3-layered anti-UV glass doors and seamless stainless
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  • BRUNCH
    • Article, Illustration
      Lock icon The Curious Case Of The Singapore Worker
      2130 11  -  BT WANTS TO FIND OUT WHY SINGAPORE WORKERS CAN’T SEEM TO GET A BREAK (QUITE LITERALLY), AND WHERE WE GO FROM HERE. BY VIVIEN SHIAO vshiao@sph.com.sg @VivienShiaoBT SINGAPORE workers are caught between their cubicle and a hard place. They work among the longest
      PHOTO-ILLUSTRATION: SIMON ANG; Source: Ministry of Trade and Industry Economic Survey of Singapore 2015  -  2,130 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon HIS LAST JOB IS HIS BEST
      1902 14 / 15  -  STEVE HAFNER, CEO OF KAYAK, STILL HAS MUCH UNFINISHED BUSINESS AT THE TRAVEL SEARCH ENGINE GIANT HE CO-FOUNDED. BY JACQUELYN CHEOK BY JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT HE was part of the team that launched travel website Orbitz in 2001, and went on three years
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  • INVESTING & WEALTH
    • COMPANIES
      • Article
        Lock icon Rickmers Maritime says vessel sale not confirmed
        561 16  -  Its trustee-manager acknowledges the sale of India Rickmers is an option tabled for senior debt settlement by Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE trustee-manager of Rickmers Maritime on Friday acknowledged the sale of its vessel, India Rickmers is an option on the
        561 words
      • Article
        Lock icon Swissco and subsidiary go under interim judicial management
        220 16  -  by Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE Singapore High Court has approved an application to place Swissco Holdings and its subsidiary, Swissco Offshore Pte Ltd, under interim judicial management (IJM). Unveiling the court ruling on the IJM before trading close on
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      • Article, Illustration
        Lock icon Singtel fined S$145,000 for 2 pay-TV disruptions
        344 16 THE STRAITS TIMES Singapore SINGTEL has been fined a total of S$145,000 for two separate payTV disruptions recently that resulted in customers being tuned out of programmes across more than 10 channels each time. The first incident, which took place on Oct 1
        THE STRAITS TIMES; ST FILE PHOTO  -  344 words
      • Article, Illustration
        Lock icon Financial market remains open, liquid: Bank Negara
        497 17  -  It says RM258.2b transacted in Malaysian bond and foreign exchange markets last week by Pauline Ng btworld@sph.com.sg Kuala Lumpur SOME RM258.2 billion (S$83 billion) was transacted in the Malaysian bond and foreign exchange markets last week compared to about RM158.4 billion in the
        PHOTO: REUTERS  -  497 words
      • CORPORATE DIGEST
        • Article
          Lock icon KrisEnergy, Keppel Corporation
          116 17 KEPPEL Corporation is in talks with oil and gas exploration and production firm KrisEnergy to subscribe for the latter’s notes with warrants, and for all the excess notes with warrants that are not successfully subscribed for. In a filing to the Singapore Exchange after markets closed on
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        • Article
          Lock icon Jumbo Group
          127 17 NET profit at Jumbo Group Limited jumped 46.3 per cent to S$ 15.5 million for the fiscal year ended Sept 30. Besides growth in revenue, the improvement in profit also came on the back of cooperative ventures and a former partially owned subsidiary becoming fully owned after the
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        • Article
          Lock icon Sembcorp industries
          69 17 SEMBCORP Industries’ first solar energy project in Singapore will be operational by year-end to provide renewable power to two airfreight terminals near Changi Airport. The project will see a 3.6 megawatt grid-tied solar photovoltaic system being constructed on the rooftops of SATS Airfreight Terminals 5 and 6 near
          69 words
      • Article, Illustration
        Lock icon Yangzijiang jumps 7.45% in active trading
        150 17  -  HOT STOCK by Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore YANGZIJIANG Shipbuilding Holdings shares rose by as much as 7.45 per cent or S$0.06 to S$0.865 on Friday, and were among the Singapore Exchange’s most actively traded. The counter opened at S$0.805 and steadily increased through
        Source: Bloomberg  -  150 words
      • Article
        Lock icon Macquarie, ANZ to pay A$15m in rate rigging settlement
        486 18 ANZ admits to 10 instances of alleged cartel conduct and Macquarie to eight in relation to 2011 ringgit fixing case BLOOMBERG Sydney MACQUARIE Bank Ltd and Australia New Zealand Banking Group Ltd (ANZ) agreed to pay a combined A$ 15 million
        BLOOMBERG  -  486 words
      • Article, Illustration
        Lock icon At OCBC, a culture that embraces innovation
        773 18  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore WHEN it comes to innovation at OCBC Bank, there’s no such thing as a bad idea. Employees across the organisation are constantly encouraged to think out of the box, challenge the status quo and toss up suggestions.
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      • Article, Illustration
        Lock icon Saudi Aramco to supply more oil to Asia in January: sources
        371 19 State oil giant is sticking to a strategy of maintaining market share REUTERS Singapore STATE oil giant Saudi Aramco has agreed to supply some customers in Asia with incremental crude that will load in January, as it holds to
        REUTERS; PHOTO: REUTERS  -  371 words
      • Article
        Lock icon Sime Darby’s Q1 profit up 37% on motor unit’s strength
        284 19 Sime Darby’s Q 1 profit up 37% on motor unit’s strength REUTERS Kuala Lumpur MALAYSIAN conglomerate Sime Darby Berhad reported a 37 per cent rise in first-quarter net profit as higher sales of vehicles at home and in Singapore boosted its motor unit and helped offset sluggishness in its plantation
        REUTERS  -  284 words
      • Article
        Lock icon Top listed firms review popular incentive plan
        411 19  -  by Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore A MANAGEMENT compensation scheme popular among top listed companies in Singapore has been re-examined by them in recent times, a research paper from human resource services firm Aon Hewitt shows. It refers to economic value ad-ded-based (EVA)
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      • Article
        Lock icon SECURITIES TRADING SCOREBOARD
        186 19 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 4 5 0 0 1 8 4 6 Manufacturing 44 27 22 10 6 9 54 33 31 Commerce 11 22 17 7 3 1 18 25 18 Tpt/Stor/Comms 12 6 11
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      • Article
        Lock icon SECURITIES TRADING TURNOVER
        122 19 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,969 75 20,044 73,868 12 73,880 Manufacturing 111,408 137,953 249,361 133,277 5,372 138,649 Commerce 179,383 77,868 257,251 191,054 734 191,788 Tpt/Stor/Comms 124,080 449 124,529 180,652 34 180,686 Finance 23,501 140 23,641 285,870 19 285,889 Construction
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      • Article
        Lock icon ‘Risk-on’ after Trump victory still in force
        575 20  -  STOCKS by R Sivanithy THE “risk-on” rally in equities inspired by Donald Trump’s win in the Nov 8 US presidential election continued into its second week, helped along by firmer oil prices and expectations of a stronger US economy under Mr Trump. The
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      • Article
        Lock icon BT SHARE INFORMATION SERVICE
        774 20 Substantial shareholder/director transactions For week beginning Nov 21 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Accrelist Ltd 23-Nov-16 Terence Tea Yeok Kian Buy ***** 0.01 *****6 18.96 *****46 19.34 Eurosports Global 23-Nov-16
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      • BROKERS’ TAKE
        • Article
          Lock icon Singtel > Buy
          185 20 Singtel > Buy OCBC Investment Research, Nov 25 Nov 25 close: S$3.75 Target price: S$4.27 SINGTEL last week announced that it has completed 1) the acquisition of shares in Intouch Holdings (Intouch) and Bharti Telecom Ltd (BTL) and 2) placement of shares in Singtel to Temasek. As a result of
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        • Article
          Lock icon CapitaLand > Buy
          174 20  - CapitaLand > Buy Compiled by Jamie Lee DBS Group Research, Nov 25 Nov 25 close: S$3.02 Target price: S$3.60 WE believe that CapitaLand Limited offers good value. The group’s strategy to focus on growing its commercial portfolio is bearing fruit, offering better earnings visibility. Coupled with opportunistic asset recycling of
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    • Article, Illustration
      Lock icon BOND MANAGERS GET FUNDAMENTAL
      736 21 Asset managers are returning to more traditional methods of picking according to fundamentals rather than relying on benchmarks BLOOMBERG EVEN before bond yields ripped through the roof this month, some asset managers had begun quietly shifting strategies in a fundamental way: less index, more brain. Instead
      BLOOMBERG; PHOTO: REUTERS  -  736 words
    • Article, Illustration
      Lock icon US election implications for emerging markets: down but not out?
      1167 22  -  Trump’s policies will affect how much headwind EM economies face. by Gabriela Santos ~The writer is global market strategist, JP Morgan Asset Management EMERGING market (EM) assets have suffered in the wake of Donald Trump’s victory in the US presidential
      Source: MSCI, FactSet, Bloomberg, J.P. Morgan Asset Management; data are as of Nov 18,2016  -  1,167 words
    • Article, Illustration
      Lock icon Offering retirees security and peace of mind
      687 23  -  In allocating assets, instruments that are low cost and do not try to beat the markets are preferred. by Christopher Tan IN last month’s article, we talked about how we helped our retiree client, David, plan for his retirement using our proprietary tool
      687 words
    • Indices
    • Commodities
      • Article, Illustration
        Lock icon oil (us$/bbl)
        29 24 NAME PRICE/UNIT 3-MONTH% Gold US$1,186. 64/OZ -10.4 Silver US$16. 403/OZ -11.6 Copper US$5,868/MT 26.7 Soybeans US$1,034.3 NA Palm Oil MYR3,026/MT 20.4 Coffee US$158.50/lb 7.4 Sugar US$19.97/lb -5.0
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    • Currencies
      • Article
        Lock icon Asian currency vs USD
        94 24 CURRENCY PRICE 5-DAY 5-DAY 1-MONTH 1-MONTH YEAR-TO-DATE Singapore dollar 1.4286 -0.32 -2.58 -1.09 China RMB 6.9186 -0.53 -2.10 -6.23 Offshore RMB 6.9479 -0.68 -2.38 -5.44 Indian rupee 68.4275 -0.36 -2.32 -3.32 Indonesian rupiah 13,531 -1.09 -3.89 2.36 Japanese yen 113.10 -2.43 -7.55 6.44 Korean won 1,175.80
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        Lock icon Singapore dollar per USD
        12 24 Compiled from Bloomberg at 5.30pm on Nov 25
        Compiled from Bloomberg at 5.30pm on Nov 25  -  12 words
    • STI
      • Article
        Lock icon Straits Times index component stocks
        396 25 NAME PRICE WEEKLY PRICE CHANGE PRICE LOW HIGH YTD TOTAL RETURNS P/E P/B DIVIDEND 12-MONTH YIELD MARKET CAP ($M) 52 WEEK PRICE RANGE Yangzijiang Shipbuilding Holdi 0.86 0.720 1.125 -18.0 13.5 0.72 5.2 3,295.6 Golden Agri-Resources Ltd 0.435 0.315 0.435 29.5 14.6 0.97 1.2 5,539.6
        396 words
    • Reits and rates
    • REAL ESTATE
      • Article, Illustration
        Lock icon Surbana Jurong says more acquisitions, tie-ups ‘in the works’
        850 26  -  It announces a partnership with Microsoft to upgrade its “smart city in a box” solution to the cloud by Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore SURBANA Jurong is still on a mission to continue refining its “smart city in a box” city
        PHOTO: CALVIN WONG  -  850 words
      • Article, Illustration
        Lock icon Penthouse at Bishopsgate Residences sold for S$20.68m
        504 27 Price works out to S$3,462 psf; GCB in Third Ave also fetches S$20.7m Singapore TWO big-ticket freehold residential properties changed hands recently at an almost identical price. Kajima Overseas Asia has sold a penthouse at Bishopsgate Residences in District 10 for S$20.68 million,
        FILE PHOTO  -  504 words
      • Article, Illustration
        Lock icon Trump’s name may not stay on Toronto tower
        411 27 BLOOMBERG Toronto TRUMP International Hotel Tower in Toronto is being pitched for sale with a suggested price of at least C$300 million (S$318 million) though there’s no guarantee the US Presid-ent-elect’s name will stay on the building. CBRE Ltd is launching the
        BLOOMBERG; PHOTO: BLOOMBERG  -  411 words
      • Article
        Lock icon House hunt
        1591 28 Property transactions for selected districts with contract dates between Nov 10 and Nov 15, 2016 PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN TRANSACTED PSF TOX* RENTAL STREET NAME TYPE DATE /LAND PRICE (S$) YIELD** AREA (S$,000) (SQF) District 5 HERITAGE VIEW Condo 15/11/2016 99 1,163 1,385 1,191 4.14 3.60
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      • Article
        Lock icon Top median rentals of projects by district in last 3 months
        302 29 PROJECT NAME/ PROPERTY LOWEST MEDIAN HIGHEST NO. OF STREET NAME TYPE PRICE (S$) PRICE (S$) PRICE (S$) TRANSACTIONS District 1 THE SAIL MARINA BAY Apt 2,800 5,500 8,700 20 ROBINSON SUITES Apt 2,550 3,050 4,000 10 District 2 ICON
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      • Article
        Lock icon Top 10 condo searches
        96 29 RANKING NAME TOTAL SEARCHES IN PAST MEDIAN PRICE PSF TWO WEEKS (S$) 1 CARIBBEAN AT KEPPEL BAY 594 1,408 2 PEBBLE BAY 326 1,099 3 FERRARIA PARK CONDO 250 846 4 THE SAIL MARINA BAY 199 1,720 5 OUE TWIN PEAKS 195 2,711 6 PARC CENTROS
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      • Article
        Lock icon Mortgage rates this week
        160 29 from what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. DATE FLOATING RATES, PEGGED TO: FIXED RATES WEEK OF NOV 21 SIBOR SOR COMBO BANK’S BOARD RATE Lowest rate
        160 words
      • Article, Illustration
        Lock icon House-hunting in Hong Kong with the app that flags death
        520 29  -  Search tool shows cartoon ghosts appearing next to some apartment complexes, representing unnatural deaths that have happened there. By Katie Kenny and Michael Forsythe By Katie Kehny, Michael Forsythe NYTIMES Hong Kong SHIP Street is quintessentially Hong Kong, even serving
        NYTIMES; PHOTO: NYTIMES  -  520 words
  • Page 16 Advertisements
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      28 16 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988
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      Lock icon Page 19 Advertisements Column 1
      31 19 2 If you're looking for a landed home with a large enough driveway, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988. Own cars?
      31 words
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  • Page 27 Advertisements
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      49 27 HOT PROPERTY $5.XM ONLY 6 New FH Semi-d Chancery 2357/ 4542 sf, 5+1, high-end quality fittings, 1km ACS. 1-6pm BUNGLW CLUSTER LORNIE 18 FH. 4+2rm, pte lift. Unblock. Reno. 4700sqft. 2 living rms. LANDED PROPERTIES FOR SALE Check out these properties and more in The Straits Times Classified now!
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  • THE BROAD VIEW
    • Article, Illustration
      Lock icon The post-truth world of unpredictable politics
      2252 30 / 31  -  Reality is not what things really are, but what people perceive and want them to be. By Vikram Khanna LOOKING back at the punditry that preceded the US election, one of the few forecasters who distinguished himself was Geda, a mystical monkey who hangs
      PHOTO: AFP  -  2,252 words
    • Article, Illustration
      Lock icon GrabHitch: an express Tinder?
      1254 32  -  Guess what? Meeting attractive girls just got a whole lot easier, using a ride-hailing app DISRUPTED by Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT ONLINE dating is a daunting task. But a good friend of mine thinks he’s figured out a uniquely effortless way to score dates. Like many
      PHOTO: KELVIN CHNG  -  1,254 words
  • Page 30 / 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 30 / 31 Miscellaneous Column 1
      26 30 / 31 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
      26 words
    • Miscellaneous
      Lock icon Page 30 / 31 Miscellaneous Column 2
      36 30 / 31 CHIEF EXECUTIVE OFFICER SPH ALAN CHAN DEPUTY CHIEF EXECUTIVE OFFICER SPH PATRICK DANIEL DEPUTY CHIEF EXECUTIVE OFFICER SPH ANTHONY TAN EDITOR-IN-CHIEF (english/malay/tamil media group) WA RREN FERN A NDE Z GROUP CHIEF MARKETING OFFICER ELSIE CHUA
      36 words
    • Miscellaneous
      Lock icon Page 30 / 31 Miscellaneous Column 3
      12 30 / 31 EDITOR ALVIN TAY ASSOCIATE EDITOR VIKRAM KHANNA EXECUTIVE EDITOR WONG WEI KONG
      12 words
    • Miscellaneous
      Lock icon Page 30 / 31 Miscellaneous Column 4
      29 30 / 31 NIGHT EDITOR EDMUND LOH 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
      29 words
    • Miscellaneous
      Lock icon Page 30 / 31 Miscellaneous Column 5
      27 30 / 31 NEWS EDITOR VEN SREENIVASAN DEPUTY NEWS EDITOR CHEN HUIFEN ASSOCIATE NEWS EDITOR ANGELA TAN ASSISTANT NEWS EDITOR JOYCE HOOI LIFESTYLE EDITOR JAIME EE GRAPHICS EDITOR SIMON ANG
      27 words
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  • GOLF
    • Article, Illustration
      Lock icon Making of a golf heavyweight in South-east Asia
      635 33  -  Vietnam, which has around 40 courses, is set to have at least 20 more by 2020. by Justine Moss WITH the growing number of first-class golf courses in and around areas such as Danang, Dalat, Hanoi and Ho Chi Minh City, Vietnam
      PHOTOS: FLC GROUP  -  635 words
    • Article, Illustration
      Lock icon Winner Dennis Lim looks forward to playing on Dubai’s lush courses
      419 33  -  by Justine Moss DENNIS Lim, together with Koh Hong Soo and Chelsea Chen, will be jetting off to Dubai next March to represent Singapore at the BMW Golf Cup International World Final in Dubai. They topped their respective categories
      PHOTO: PERFORMANCE MOTORS LTD  -  419 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Return of the ex-employee
      1091 34  -  Would you dare ask for your job back after you’d left your company for a competitor? CUBICLE FILES By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT SO it seems that the grass is not always greener on the other side. An ex-colleague who had left for another firm texted
      ILLUSTRATION: KENNETH LIM  -  1,091 words
    • Article, Illustration
      Lock icon You say tomato, I say... potato?
      870 35  -  What’s in a name? That which we call a roast by any other name would taste as good OFFBEAT By Joyce Hooi joyceh@sph.com.sg @JoyceHooiBT FOR years now, an epic battle has been waged in the state of New Jersey over what to call a
      ILLUSTRATION: YU KEXIN  -  870 words
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  • Page 35 Miscellaneous
    • Miscellaneous
      Lock icon Page 35 Miscellaneous Column 1
      334 35 CRYPTIC CROSSWORD 27 The girl’s items of jewellery? They come from a ‘catch’ (8) 28 Country to the west in which to discover old tract (6) Across 1 Two women getting a sort of coat (6) 5 Water container outside prison somewhere in Somerset (4,4) 9 Notice honest chaps needing
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  • Page 36 Advertisements
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      354 36 Unwind in style with the all-new 2-in-i Business Times Weekend From Saturday 8 October, the weekend edition will feature a luxury lifestyle magazine called Weekend that will be your slick, up-to-the-minute guide to the best in fashion, travel, food, design and more. Get your news fix too with the refreshed
      354 words
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      80 1 26-27 NOVEMBER 2016 THE BUSINESS TIMES WEEKEND Laguna BINTAN’S’ una HOLES JUST TAKE THE BREATH AWAYOLES JUST TAKE THE BREATH AWAY T BY GODFREY ROBER RADIO DJS GO GAGA OVER NEW SPH GOLF CARD ROHIT BRIJNATH GOLF PROS LIKE FALDO PROVE THAT SWEAT EQUALS MAGIC OYSTER PERPETUAL YACHT-MASTER 40 ROLEX
      80 words
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  • 26-27 NOVEMBER | THE BUSINESS TIMES WEEKEND Swing by sph golf
    • editor’s letter
      • Article, Illustration
        Lock icon WORLD BEATERS AND A NEW PASSPORT OF OPPORTUNITY
        563 2  -  T alent wins games, but teamwok and intelligence win championships. –MICHAEL JORDAN BY S. MURALI World champions. In the domain of team sports, nothing sounds better than those two words. And in the world of amateur team golf, Singapore are now reigning
        Wu Jacqueline by photo TNP  -  563 words
    • Article, Illustration
      Lock icon GAGA OVER GOLF
      709 3  -  NEW SPH GOLF CARD IS THE ONLY MEMBERSHIP YOU’LL NEED BY BENNY TEO It was an offer too good to resist. So golf mad radio DJs Glenn Ong, Andre Hoeden and Claressa Monteiro have decided to join the new SPH Golf family, signing up for the new
      TNP photo by Gavin Foo  -  709 words
    • Article, Illustration
      Lock icon SWEAT = MAGIC
      860 4  - SWEAT MAGIC HOW FALDO AND CO MAKE IT LOOK SO EASY BY ROHIT BRIJNATH Nick Faldo has the large hands and work ethic of a piano lifter and yet the occasional touch of an embroiderer. How else do you win three Masters on marblefloor greens? Right now, of course, in
      photo by Jeremy Long  -  860 words
    • Article, Illustration
      Lock icon BINTAN BECKONS, SO ENJOY THE ENTICING EXPERIENCE
      846 5  -  THIS LAGUNA LAYOUT HAS THE ENDORSEMENT OF HIGHLY-ACCLAIMED SIX-TIME MAJOR WINNER SIR NICK BY GODFREY ROBERT DBY GO FREY ROBERT REY ROBERT FREY RBERT BINTAN SO ENJOY ENTICING THIS LAGUNA HIGHLY-ACCLAIMED ark clouds were looming, a drizzle could be felt and darkness was
      Golf Laguna of courtesy photo o couresy of Laguna Glf  -  846 words
    • Article, Illustration
      Lock icon COASTAL DEVELOPMENT
      768 6  -  BY TAN JU KUANG Desaru, along the eastern seaboard of Malaysia’s southern-most state of Johor, has always been an idyllic destination for beach lovers. It’s tranquil tree-framed shore and laid-back vibe have made it the go-to spot for those harried by urban demands looking for a rustic escape.
      768 words
    • Article, Illustration
      Lock icon 8-SECOND RULE
      922 8  -  ARE YOU STANDING OVER THE BALL TOO LONG? BY BOB CARNEY BY BOB CARNEY ARE YOU STANDING OVER THE BALL TOO LONG?Ile question, and like an important long shouldittake olf shot? Rummae most instruction d you’ll fi d a lot bject of timing, bt G OVER NG? 8-SECOND
      photo by Hugh Kretschmer  -  922 words
    • Article, Illustration
      Lock icon PURE PITCHING
      275 9  -  PRACTISE THIS RELEASE PATTERN FOR CONSISTENCY BY LYDIA KO BY LYDIA KO PURE PITCHING PRACTISE THIS RELEASE PATTERN FOR f you want to become better at pitching, my first piece of advice is to put your ball in lots of scenarios when you practise. Why hit 50 from
      Furore Dom by photos  -  275 words
    • play it
      • Article, Illustration
        Lock icon DUBAI-BOUND WITH BMW
        257 10  -  BY TAN JU KUANG The Performance Motors Golf Association (PMGA) Golf Tournament is one that BMW owners look forward to yearly, if only to try to qualify for the BMW Golf Cup International World Final. This year’s PMGA tournament concluded on Nov 16 at the Singapore Island
        Bhd Resort Permai Danau Ltd, Motors Performance of courtesy photos  -  257 words
      • Article
        Lock icon BOOSTING GOLF AMONG THE YOUNG
        261 10 When it comes to raising funds to promote the game among Singapore’s youths, there is no better way than to do it through a golf charity. The Singapore Golf Association will hold its SGA Fundraising Golf 2016 on Dec 5 at Jurong Country Club. Not
        261 words
      • Article, Illustration
        Lock icon MALAYSIA’S BEST
        394 10 The Ross Watson-designed course at Kota Permai Golf Country Club has perennially been ranked at the top of Malaysia’s best. With its recent achievement at the World Golf Awards held in Portugal on Nov 12, it’s now reached the pinnacle of achievement. At the prestigious ceremony held at
        394 words
      • Article
        Lock icon FESTIVE PAMPERING
        284 10 This is the season for rewarding ourselves for a year’s worth of hard work. And there are few better ways than to head to a golf resort on an idyllic tropical island. For a limited time only, Banyan Tree Bintan and Angsana Bintan will offer complimentary golf and
        284 words
  • Page 2 Miscellaneous
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  • Page 7 Advertisements
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      60 7 THE ELS CLUB DESARU COAST EXPERIENCE GOLFING PARADISE Now Open Discover The Els Club Desaru Coast Ocean Course, featuring 27 holes crafted with precision by the hand of four time major champion and former World No.l, Ernie Els. Be amongst the first to tee off with us. Book now at
      60 words
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      474 9 ADVERTORIAL AVOIDGOLFING HAZARDS COMMON A hazard during a game of golf can come in many different ways. Some of the common types of hazards include the golf ball getting lost in obstacles such as cart paths, in a bunker or an area of water. On the other hand, hazards can
      474 words
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      161 11 Card Early Bird SPECIAL At Only $150 per year. Valid till Dec 31, 2016 ENJOY!! Handicap Maintenance and Insurance! lets you play golf anywhere with peace of mind. Access to Singapore golf clubs! with best-of rates offered at partner golf courses throughout the region. Complimentary rounds of golf at partner
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      81 12 t ROLEX THE DATEJUST 41 The new generation of the essential classic, with a new movement and design that keep it at the forefront of watchmaking. It doesn’t just tell time. It tells history. i iJrr?. l BO i ROLEX OYSTER PERPETUAL DATE'TUST 28 4 i**,’ u OYSTER PERPETUAL DATEJUST4I
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