The Business Times, 25 July 2015
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2015-07-25
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The Business Times
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Advertisement51 2015-07-25 1 LivingBTTHE BUSINESS TIMES WEEKEND JULY 25 26 2015 DECOR DELIGHTS New furniture and fittings outfits with unique offerings L2-5 TECH/DESIGN Melting pot of creativity L8 PHOTO: BORN IN COLOUR DINING Glamming up Kampong Glam L6-7 MOTORING Everyday supercar: Audi R8 V10 plus L11 BT CORPORATE GOLF LEAGUE It’s a hole-in-one!51 words
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BT Living
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LIVING
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Article, Illustration2908 2015-07-25 2 / 3 Tay Suan Chiang - Unique offerings by these new outfits will give pleasant selection headaches to homeowners seeking furniture and fittings. By Tay Suan Chiang taysc@sph.com.sg @T aySuanChiangBT For The Common Goods 28 Kallang Place, #05-01 By appointment onlyZ6908-5049 www.forthecommongoods.com.sg HE studied electrical engineering, while she read law, but a common appreciationPHOTOS: FOR THE COMMON GOODS; PHOTOS: COURTS; PHOTO: VILLEROY & BOCH; PHOTOS: VILLEROY & BOCH; PHOTOS: JOHN LEWIS; PHOTOS: RENE VAN DER HULST, MOBEL STORY - 2,908 words
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Article865 2015-07-25 4 / 5 with BTWeekend Peach Blossoms Marina Mandarin Singapore, 6 Raffles Boulevard, Level 5 Z6845-1118 All You Can Eat Dim Sum A la Carte Buffet From 1 August, Marina Mandarin showcases its new All You Can Eat Dim Sum A la Carte Menu at Peach Blossoms. Featuring a medley of new865 words
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DINING
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Article, Illustration1988 2015-07-25 6 / 7 Rachel Loi - The area’s grungy reputation is starting to fade as hair salons, fashion boutiques and cafes replace shisha joints to attract a new crowd. By Rachel Loi @RachelLoiBT rachloi@sph.com.sg SHISHA and grime used to be the calling cards of Kampong Glam. Anti-hipsters were drawn to the areaPHOTOS: RACHEL LOI; PHOTOS: ALL IN; PHOTOS: AFTERWIT - 1,988 words
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TECH/DESIGN
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Article, Illustration873 2015-07-25 8 Dylan Tan - Japan’s largest content and creative solutions business exhibition, Content Tokyo, struck a perfect balance between new and old school media. By Dylan Tan By Dylan Tan dylantan@sph.com.sg @DylanT anSYBT IT’S not every day you’d find new media and traditional media seeing eye to eye, much lessPHOTOS: CONTENT TOKYO - 873 words
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HEALTH
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Article, Illustration1420 2015-07-25 9 Michael Lim - ...is harmless and can even be beneficial to your health Michael Lim ~Dr Lim is the medical director at Singapore Heart, Stroke Cancer Centre. He is also the founding editor of ‘Heart Asia’, a journal of the British Medical Journal Publishing Group. He has been appointed1,420 words
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MOTORING
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Article, Illustration319 2015-07-25 10 Samuel Ee - The company is celebrating its 30th anniversary as Porsche distributor. By Samuel Ee samuelee@sph.com.sg THE year 2015 may be SG50 but it also happens to be SA30. This year, Stuttgart Auto celebrates its 30th anniversary as the authorised Porsche distributor. To commemorate the319 words
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Article, Illustration316 2015-07-25 10 Borneo Motors opens a new high-tech body and paint facility. By Samuel Ee samuelee@sph.com.sg BORNEO Motors Singapore (BMS) has opened the biggest automotive body and paint facility here for its Lexus, Toyota and Suzuki brands. The Inchcape Bodycare Centre (IBC) at 4 Pandan Crescent cost S$2.6316 words
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Article, Illustration673 2015-07-25 11 Samuel Ee - The Audi R8 V10 plus combines supercar performance with everyday useability. By Samuel By Samuel Ee samuelee@sph.com.sg FIVE kmh may not sound like much in the world of fast cars but it is a pointed statement that the new Audi R8 is making. The second-generation mid-en-gined two-seater is673 words
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BT CORPORATE GOLF LEAGUE 2015
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Article, Illustration597 2015-07-25 12 Justine Moss - Team Crane Boomers’ Steve Lai walks away with an Audemars Piguet watch for the feat; Team Seagull Gayatri are at the top of the league ladder. By Justine Moss By Justine Moss THE second round of the 2015 Business Times Corporate Golf League didn’t just produce some597 words
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Article, Illustration471 2015-07-25 12 AFTER two rounds, Team Cerebos are feeling excited about lying in seventh position on the table. “Last year we played in the social category and didn’t feel the buzz so we had already decided last year that we would come back to the competitive category in 2015,”471 words
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Article, Illustration170 2015-07-25 12 LYING in a tie for eighth with a total score of 187 are league debutants Team Abeo Electra. Their philosophy has been to relax, enjoy the game and ambience, according to Abeo Electra’s regional marketing manager Wilson Kiew. “We are all golf enthusiasts and have heard170 words
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Title Section14 2015-07-25 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g JULY 25-26, 2015 S$1.00 MCI (P) 052/08/201414 words
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36 2015-07-25 1 FINANCE MONTHLY trading volume falls sharply in the second half of 2014, hitting a year-low of about S$700 million in December before recovering to about S$1.4 billion in June. 636 words
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28 2015-07-25 1 INVESTMENT THE CEO of Bridgewater Associates tells clients: “Our views on China have changed There are no safe places to invest.” 728 words
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37 2015-07-25 1 REAL ESTATE ITS manager points out that the average rent of S$8.59 psf for leases expiring this year is still below the market rent of S$11.30 psf for grade-A office space. 1037 words
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Article31 2015-07-25 1 BANKING THE case is seen as the first nationwide class action alleging a conspiracy to manipulate Treasury auctions that harmed both investors and borrowers. 1731 words
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1076 2015-07-25 1 Lee U-Wen - Electoral panel recommends S’pore be split into 29 divisions: 13 SMCs and 16 GRCs By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore MORE Members of Parliament (MPs) and the disappearance of both a hotly contested ward and a constituency helmed by a minister: these are1,076 words
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Article, Illustration1007 2015-07-25 1 Kalpana Rashiwala - By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A RECORD volume of private home completions in the second quarter sent the vacancy rate north, and as leasing demand could not keep up with the gush of completions, rents continued to ease.FILE PHOTO - 1,007 words
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Page 1 Advertisements
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Advertisement677 2015-07-25 1 the business www. usinesstimes.com. the raffles conversation THE FATHER OF MODERN HUMAN RESOURCES 8-9 MOTORING The Audi R8 V10 plus L11 LIVING Decor delights L2-5 Have you got your Swing Fixed yet? the women who out-driveyou RICKIE FOWLER’S Look out for Swing every last week of the month in the677 words
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Advertisement9 2015-07-25 1 S’PORE ECONOMY Manufacturing output slumps for fifth month 59 words
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TOP STORIES
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MARKETS
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Article58 2015-07-25 2 HSTI 3,352.65 (-3.72) HSTI FUTURES 3,338.00 (-9.00) GSIMSCI 377.16 (+0.10) HSIMSCI FUTURES 376.00 (-0.20) Friday Change KL COMP 1,720.76 -1.68 NIKKEI 225 20,544.53 -139.42 HANG SENG 25,128.51 -270.34 SET 1,438.08 -6.58 JAKARTA 4,856.60 -46.35 MANILA 7,665.52 +12.30 KOSPI 2,045.96 -19.11 SHENZHEN B 1,289.35 -20.72 MUMBAI IND 28,112.31 -258.53 11.45am58 words
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Article29 2015-07-25 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.807 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.70 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg29 words
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Article49 2015-07-25 2 US$ S$ US$ (S$ per US$) 1.371 (US$/S$ per 1.549 2.124 EURO (US$/S$/€ 1.095 1.502 Foreign currency per US$ S$ YEN 124.00 90.40 RM 3.808 2.776 HK$ 7.751 5.652 BAHT 34.89 25.44 RUPIAH 13,450 9,807 RENMINBI 6.210 4.528 INDIAN RUPEE 63.94 46.62 A$ 1.370 0.999 NZ$ 1.520 1.10849 words
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Article, Illustration191 2015-07-25 4 The government has accepted the Electoral Boundaries Review Committee’s recommendations, setting the stage for Singapore’s next General Election. 2,460,977 Estimated number of electors as at Aug 1, 2015 GE 2011: 2,350,257 16 Group Representation Constituences GE 2011: 15 BT Graphics: Lee U-Wen, Simon Ang Hyrie Rahmat New divisionsBT Graphics: Lee U-Wen, Simon Ang & Hyrie Rahmat - 191 words
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501 2015-07-25 5 Claire Huang - Industrial output shrinks 4.4% year-on-year due to broad-based declines in all clusters save chemicals By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore HOPES of a smooth recovery in Singapore’s manufacturing sector in the second half of the year may continue to be elusive as underlying growth501 words
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815 2015-07-25 6 Kenneth Lim - Credit ratings suggested as a solution but effectiveness seems debatable By Kenneth Lim kenlim@sph.com.sg @KennethlimBT Singapore LIQUIDITY in the secondary Sin-gapore-dollar corporate bond market remains patchy despite years of development, but there is little agreement in the industry on how to815 words
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858 2015-07-25 6 Pauline Ng - By Pauline Ng btworld@sph.com.sg Kuala Lumpur THE publishing permits of The Edge Weekly and The Edge Financial Daily have been suspended for three months by Malaysia’s Home Ministry. But the group owned by tycoon Tong Kooi Ong –seems to have anticipated the suspensions,858 words
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Article, Illustration500 2015-07-25 7 Vikram Khanna - Bridgewater Associates CEO says there are now no safe places in the country to invest By Vikram Khanna vikram@sph.com.sg Singapore THE world's biggest hedge fund manager has done a U-turn on China. In the aftermath of the stock market rout which saw thePHOTO: BLOOMBERG - 500 words
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258 2015-07-25 7 Chan Yi Wen - By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore EIGHT teams have been selected to develop prototypes that can transform manpower-intensive ways of handling baggage and cargo, Josephine Teo, Senior Minister of State, Ministry of Finance and Ministry of Transport, announced on Friday.258 words
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404 2015-07-25 7 AFP Beijing A KEY gauge of Chinese manufacturing activity tumbled to a 15-month low in July, an independent survey showed, casting a pall over growth in the world’s second-largest economy. The preliminary reading of Caixin’s Purchasing Manager’s Index (PMI)AFP - 404 words
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Page 2 Advertisements
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Advertisement50 2015-07-25 2 CONTENTS LIVING Cover Story L2-5 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22-25 Opinion 26-27 Wealth 28-30 Life Culture 31 Dining L6-7 Tech/Design L8 Health L9 Motoring L10-11 Golf L1250 words
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Page 3 Advertisements
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Advertisement360 2015-07-25 3 v v; -j- <^p BUY A LIMITED EDITION APARTMENT IN LONDON'S FIRST BRANDED RESIDENCES BY VERSACE HOME PRICES START FROM £690,000 GLOBAL LAUNCH ON 24, 25 AND 26 JULY VISIT US AT THE ST REGIS HOTEL, EMBASSY AND CONSULATE ROOMS, 29 TANGLIN ROAD, SINGAPORE BETWEEN 11AM AND 7PM Located in360 words
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Page 5 Advertisements
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Advertisement235 2015-07-25 5 THE SOUND VISION SPECIALIST The Headphone Bar SALE Parrot Zik 2.0 V Zik 2.0 i Zikmu Parrot Audeze AKG Audinst B&O Burson Westone shure Grade HiFiMAN Klipsch FiiO RHA KEF JAYS Cypher Labs Sennheiser Heir Audio WOO Audio Fischer Audio Ultimate Ears Harman Kardon Selection of over 200 models available235 words
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THE RAFFLES CONVERSATION
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Article, Illustration2419 2015-07-25 8 / 9 Kelly Tay - Rather than ‘roadblocks, impediments and policy police’, HR units can instead be enablers of business results, says consultant Dave Ulrich. By Kelly Tay By Kelly Tay kellytay@sph.com.sg @KellyTayBT TAKE it from Dave Ulrich, the professor famously known as the father of modern human resources. HePHOTO: SHAWN TEO - 2,419 words
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COMPANIES & MARKETS
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694 2015-07-25 10 Lynette Khoo - Q2 DPU inches up 0.5% on the back of higher rents, occupancies By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CAPITALAND Commercial Trust (CCT) is still expecting positive rental reversions ahead, after reporting a 0.5 per cent year-on-year rise in distribution per unit (DPU) for the694 words
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Corporate digest
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Article59 2015-07-25 10 DBS’s head of institutional banking Jeanette Wong has been named one of the top 25 women in finance across AsiaPacific by regional financial trade magazine FinanceAsia. Ms Wong is the only Singaporean banker in FinanceAsia’ s 2015 honour roll of the most influential women in investment and commercial banking59 words
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Article55 2015-07-25 10 QT VASCULAR, a developer of minimally invasive products for the treatment of vascular diseases, has entered into a US$13.14 million convertible debt investment to fund its next growth phase. This comes less than a month after the company entered into a US$12 million convertible bond investment to further55 words
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Article55 2015-07-25 10 SINGAPORE Post’s (SingPost) chief financial officer Daniel Phua, 41, will be stepping down from the company to pursue other career aspirations, the courier service provider said in a statement on the Singapore Exchange on Friday. The exact date of Mr Phua’s departure will be announced once agreement has55 words
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Article95 2015-07-25 10 KITCHEN Culture Holdings on Friday announced that its 70 per cent-owned subsidiary Kitchen Culture (Hong Kong) has bagged a contract worth HK$34.6 million (S$6 million) for the supply and installation of Eggersmann kitchen cabinets for the apartments in a prestigious residential development located at The Peak in Hong95 words
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411 2015-07-25 10 Melissa Tan - By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore ADDITIONS to its portfolio and some rental support gave a lift to second-quarter income for business park and industrial property landlord Viva Industrial Trust, which partly as a result was able to pay its manager 16411 words
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Article, Illustration718 2015-07-25 11 R Sivanithy - STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent PENNY stocks led the local market this week, but without the entry of a significant number of retail players, the momentum of the first half tapered off in the second. This did not come as a718 words
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251 2015-07-25 11 Melissa Tan - By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore FRASERS Commercial Trust (FCOT), which owns commercial property in Singapore and Australia, said on Friday that it has raised gross proceeds of S$142.1 million from an upsized private placement. The trust manager also said in a press251 words
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381 2015-07-25 11 Claire Huang - By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore INSURER AIA Singapore has posted a 19 per cent year-on-year increase in value of new business (VONB) to US$142 million for the six months ended May 31, 2015, driven by sales of new long-term packaged participating381 words
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Article311 2015-07-25 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 248 +4 250/245 271 219 5.9 6275.4 CapitaLand 341 -3 345/340 379 293 12.5 2.6 *****.9 CapitaMall Trust 214 cd +1 216/212 228 188.5 5.1 7425.2 CityDev 975 -3 984/973 1095 915311 words
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Article110 2015-07-25 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US764 -2 335 764/760 1000/696 760/764 95.5 STI ETF 341 -1 157 342/340 355/319 340/341 UETF SSE50China 270 -5 140 279/269 340/147 269/273 84.4 DBXT MSBrazil US$ US324 -24 66 325/324 614/323110 words
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Article28 2015-07-25 12 Jul 24 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 0.***** Source: Thomson Reuters28 words
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Article783 2015-07-25 12 For week beginning Jul 20 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) G.K. Goh 23-Jul-15 Goh Yew Lin *Buy 54 0.92 *****1 59.74 *****5 59.75 G.K. Goh 23-Jul-15 Goh783 words
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Article186 2015-07-25 12 MAIN Up Down Unch Multi Ind 6 7 1 Manufacturing 45 54 41 Commerce 16 25 14 Tpt/Stor/Comms 11 18 9 Finance 6 11 4 Construction 3 13 9 Properties 22 16 11 Hotels/Rsts 1 5 3 Services 26 33 21 Elect/Gas/Water 1 1 0 Agriculture 2186 words
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Article121 2015-07-25 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 10,692 10,692 62,634 62,634 Manufacturing 465,637 86,347 551,984 94,726 4,994 99,720 Commerce 180,423 39,952 220,375 98,063 1,982 100,045 Tpt/Stor/Comms 106,050 38,427 144,477 143,946 3,872 147,817 Finance 20,875 71 20,946 114,007 18 114,025 Construction 29,120 15,317121 words
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Article77 2015-07-25 12 Jul 24 VALUE CLOSE BT OB/OS 253.00 -62.00 BT CADI -*****.00 -62.00 BT 10-day MA -*****.00 +25.00 FTSE ST Mid Cap 755.26 +0.66 FTSE ST Small Cap 468.59 -1.53 FTSE ST All Share 801.52 -0.75 FTSE ST China Top 194.17 -0.15 FTSE ST China 235.74 +0.68 FTSE77 words
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Article83 2015-07-25 12 VOL CLOSE($) CHANGE Chinese Global 5,191.5 0.020 +0.015 +300.00 Sunpower 21,608.3 0.250 +0.030 +13.64 Lasseters Intl 193.0 0.055 -0.013 -19.12 ChinaSing Inv 10.0 0.022 +0.002 +10.00 China Intl 566.0 0.026 +0.007 +36.84 Dapai Intl^ 36,083.1 0.024 +0.005 +26.32 Suntar Eco-City 100.0 0.070 +0.003 +4.48 SingWindsor 424.0 0.400 +0.02583 words
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Article193 2015-07-25 13 Jul-23 Price Net change change Last Trade Agricultural Jul-23 CBOT Soybeans (US cents/bu) 1010.00 -10.75 -1.05% 14/08/2015 CBOT Soybean Oil (US cents/lb) 31.19 -0.16 -0.51% 14/08/2015 CBOT Wheat (US cents/bu) 521.50 4.75 0.92% 14/09/2015 Jul-23 LIFFE Cocoa (£/tonne) 2165.00 -15.00 -0.69% 15/09/2015 LIFFE Coffee (US$/tonne) 1800.00 -20.00 -1.10%193 words
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Article57 2015-07-25 13 Jul 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 15 2174.0 2180.0 2183.0 2174.0 61 5041 Sep 15 2183.0 2178.0 2184.0 2174.0 3401 ***** Oct 15 2182.0 2178.0 2186.0 2174.0 ***** ***** Nov 15 2192.0 2187.057 words
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202 2015-07-25 13 Most active Jul 24 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left FTSEChinaA50 ***** MBeCW*****9 14.6 -2 ***** 0.0 --2 FTSEChinaA50 ***** MBeCW*****9 10.3 -1.9 4907 0.0 2 GRP Ltd W*****7 0.3 unch 1600 1 8 4 Elektromotive Group202 words
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373 2015-07-25 13 In local curr In S$ In US$ dy yr dy yr dy yr Jul 23 Index Change Change Change Change Change Change World Preliminary 1347.7 -0.1 5.6 0.1 6.7 -0.1 3.3 EAFE Preliminary 1094.9 0.1 11.0 0.4 9.2 0.3 5.8 Europe Preliminary 1522.0 0.0 10.2373 words
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Article76 2015-07-25 13 Jul 24 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****Z 02-May-16 0.94 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.34 5-Year N*****0S 2.000 01-Jul-20 99.72 99.90 99.75 10-Year NX*****Z 2.375 01-Jun-25 97.51 97.7576 words
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Article155 2015-07-25 13 Jul 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0006 1.0013 0.7297 0.7301 Canadian dollar 1.0522 1.0526 0.7675 0.7673 Euro 1.5016 1.5020 1.0950 1.0952 NZ dollar 0.9018 0.9025 0.6576 0.6581 Sterling pound 2.1233 2.1240 1.5484 1.5488155 words
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323 2015-07-25 14 Chan Yi Wen - Chinese developer achieves S$7.62m profit; IPO expenses contributed to year-ago quarter’s loss By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore AMID uncertainty in the China property market, Chinese property developer First Sponsor Group has achieved a net profit of S$7.62 million for its second quarter ended323 words
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Article, Illustration382 2015-07-25 14 Chan Yi Wen - By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore AFTER suffering yet another blow to its stock price, distressed commodities trader Noble Group on Friday swooped in to reinstill confidence in its company. For the first time ever, the Hong Kong-based traderSource: Bloomberg - 382 words
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402 2015-07-25 14 Jacquelyn Cheok - By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore AUSTRALIA-listed Stanfield Funds Management has struck a deal to acquire Singapore-based Sprooki, the startup that provides malls and retailers with a location-based mobile engagement platform to win more customers Essentially, Sprooki’s marketing software helps malls and402 words
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Page 14 Advertisements
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Advertisement518 2015-07-25 14 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF NEUMETAL VENTURE PTE. LTD. REGISTRATION NO.: *****2090R At an Extraordinary General Meeting of NEUMETAL VENTURE PTE. LTD. duly convened and held at 1 Kim Seng Promenade, #07-01 Great World City, Singapore *****4, on 24th July 2015518 words
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REAL ESTATE
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Article, Illustration674 2015-07-25 15 Kalpana Rashiwala - URA’s Central Region retail rental index slips 0.5% after easing 0.3% in Q1 By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE Urban Redevelopment Authority’s Central Region office rental index slid 2.6 per cent quarter on quarter in the second quarter of thisSource: URA - 674 words
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675 2015-07-25 15 Lynette Khoo - By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore WITH final figures from the Housing Development Board (HDB) confirming a 0.4 per cent drop in HDB resale prices here in the second quarter, property market watchers believe that the public housing market675 words
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Article1047 2015-07-25 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JUNE 10 AND JUNE 16, 2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 14 NON-LANDED Dakota Residences Apt 10/06/2015 99 1044 1450 1389 East Shine Apt 12/06/2015 FH 9801,047 words
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Page 15 Advertisements
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Advertisement64 2015-07-25 15 SEAFRONT BUNGALOW, SENTOSA COVE Located on Ocean Drive 2 storey Villa with basement Land *****sqft, Built-up 8600sqft approx 5 spacious bedrooms all ensuite Designer Poggenpohl kitchen Private pool personal lift Park 5 cars Sea and Marina Bay skyline views Expression of InterestClosing Date: 21 Aug (Fri) 3pm SOLE MARKETING AGENT64 words
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BANKING & FINANCE
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474 2015-07-25 17 Nationwide class action alleges a conspiracy to manipulate Treasury auctions that harmed investors and borrowers Reuters New York TWENTY-two financial companies that have served as primary dealers of US Treasury securities were sued in federal court on Thursday, in what was described asReuters - 474 words
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Article, Illustration536 2015-07-25 17 Bloomberg Moscow FROM Franklin Templeton Investments to BNP Paribas SA, global financial firms that once pushed to expand in Russia are pulling out as prolonged sanctions deepen the country’s first recession since 2009. Franklin Templeton, which oversees almost US$900 billion ofBloomberg; PHOTO: REUTERS - 536 words
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404 2015-07-25 17 Amit Roy Choudhury - By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore CITI has announced the launch of Citi Mobile Challenge in AsiaPacific, part of the company’s drive to foster digital and mobile innovation in banking. Francisco Aristeguieta, Citi’s Asia-Pacific CEO, said the Citi Mobile Challenge is an accelerator that404 words
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ENERGY & COMMODITIES
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Article, Illustration896 2015-07-25 18 An end to the oil boom spurs a focus on refining instead of drilling Bloomberg London OIL companies’ least-loved business over the past five years is proving to be their lifeline. Margins from refineries in north-west Europe rose fivefold last quarter to the highestBloomberg; PHOTO: BLOOMBERG - 896 words
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464 2015-07-25 18 Bloomberg Rio de Janeiro VALE SA boosted iron-ore production last quarter to the second-high-est ever for the company, exceeding analysts’ estimates and worsening a supply glut that saw prices of the steelmaking ingredient collapse. Iron-ore output rose 7.4 per centBloomberg - 464 words
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Page 18 Advertisements
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Advertisement50 2015-07-25 18 HOT PROPERTY THE HILLS ARE Alive! Pasir Panjang Semi-d Pool/Parking 4+2+balcony+patio. Tasteful See full slide show on www isabelredrup.com/ir25.php$5.75m. $3M! SUNGROVE SEMI-D 5+1 Huge 8170 sf built up. 2 car lots. Facilities. Great location. Quiet. HOUSES FOR SALE Check out these properties and more in The Straits Times Classified now!50 words
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TECHNOLOGY
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879 2015-07-25 19 It is charging six US studios and Sky UK with unfairly blocking access to films and other content NYT Brussels ALONG with the proliferation of Web-based television services and pressure to make movies available for download sooner, Hollywood studios are facing a newNYT - 879 words
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Article, Illustration490 2015-07-25 19 Bloomberg Toronto BLACKBERRY Ltd may be forced to stop making smartphones if turnaround efforts fail to gain traction, chief executive officer John Chen said. The company could still reduce the number of models, discontinue low-end devices and focus more on professionals andBloomberg; PHOTO: REUTERS - 490 words
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CONSUMER
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Article, Illustration559 2015-07-25 20 Online retailer forecasts third-quarter revenue above estimates and reports strong sales in North America Reuters San Francisco AMAZON.COM Inc shares surged more than 17 per cent on Thursday as the online retailer posted an unexpected quarterly profit, pushing its market value above that ofReuters; PHOTO: BLOOMBERG - 559 words
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530 2015-07-25 20 Nikkei breaks into English news at last with FT buy Reuters London NIKKEI’S US$1.3 billion purchase of the Financial Times from Britain’s Pearson Plc marks the culmination of decades of attempts by the Japanese household name to break into mainstream English-language media. The Japanese media group’s flagship newspaper enjoys aReuters - 530 words
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TRANSPORT
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479 2015-07-25 21 Oil glut and depressed prices result in hedged airlines doling out cash to parties on the other side of the bets Reuters New York AT least two US airlines have started hedging their fuel costs after a months-long hiatus. The early result: moreReuters - 479 words
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Article, Illustration516 2015-07-25 21 Bloomberg New York BUSES that neither belch pollution nor draw on coal power are starting to appear on city streets with the support of Silicon Valley and a company backed by Warren Buffett. Over the next six months, Seattle is rolling outBloomberg; PHOTO: REUTERS - 516 words
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463 2015-07-25 21 Bloomberg Washington AIRLINES would be allowed to charge passengers no more than US$4.50 to check a bag under a House bill introduced this week, slashing a fee that averages about US$25 at most US carriers. TheBloomberg - 463 words
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GOVERNMENT & ECONOMY
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458 2015-07-25 22 State Council says it will improve exchange rate mechanism Bloomberg Hong Kong CHINA will allow the yuan to trade in a wider range against the US dollar, the State Council said, without giving a timing or scope for the potential adjustment. Flexibility willBloomberg - 458 words
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201 2015-07-25 22 Reuters Mumbai PROPOSALS from an Indian government panel reviewing monetary policy rattled markets on Friday, as foreign and domestic traders said that a move to increase the government’s weight in decision-making could undermine the central bank’s independence. Under the panel’sReuters - 201 words
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Article, Illustration583 2015-07-25 22 Caithlin Ng - By Caithlin Ng caithng@sph.com.sg Singapore CHIEF Secretary for Administration of Hong Kong, Carrie Lam, delivered the opening remarks at Friday’s Spotlight Hong Kong in Singapore symposium, addressing the key to the city’s entrepreneurship and creativity success, as well as the role of583 words
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Article, Illustration684 2015-07-25 24 Next year’s change of govt is making many investors cautious about nation’s prospects Reuters Manila THE Philippines has been a magnet for foreign investment over the past five years, pushing its stock market to record highs and lowering the cost of its debt, but nextReuters; PHOTO: AFP - 684 words
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382 2015-07-25 24 Bloomberg Jakarta INDONESIA’S financial regulator is allowing banks to take higher risks when disbursing loans, seeking to stimulate growth in South-east Asia’s largest economy from a more-than five-year low. The Financial Services Authority will relax risk-weighted asset rules forBloomberg - 382 words
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271 2015-07-25 24 Bloomberg Beijing CHINA repeated a call on Friday for talks with Japan over joint development of gas and oil resources in contested waters in the East China Sea. The offer comes days after Japan disclosed a map and photographs ofBloomberg - 271 words
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Article, Illustration866 2015-07-25 25 Greek PM is racing to complete negotiations on 3rd bailout in 5 years Bloomberg Athens THE troika is back. Six months after former Finance Minister Yanis Varoufakis gave them the boot, Greece’s three main official creditors are sending representatives back toBloomberg; PHOTO: REUTERS - 866 words
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Article, Illustration334 2015-07-25 25 Bloomberg Moscow RUSSIA is creating its own ratings company to withstand “geopolitical risks” after two of the three biggest credit assessors downgraded the country to junk status this year. Ekaterina Trofimova, OAO Gazprombank’s first vice-presi-dent and a former banking analyst for Russia and former SovietBloomberg; PHOTO: REUTERS - 334 words
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Advertisement25 2015-07-25 22 iVf m M He 'M, SNIFF OUT GOOD DEALS AT AUCTIONS Check out information on auctions in The Straits Times Notices. THE STRAITS TIMES NOTICES25 words
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Advertisement110 2015-07-25 23 Eating out has changed, but the joy stays the same. T!i![['i r I i i mm i i o-s-sA > r vvi u. lIHftWj,' ■IB T s r t -Z r M A > 9®* *3 VO w 1 js A s <rk »y MM S| \l IS I I'll110 words
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OPINION
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Article, Illustration1567 2015-07-25 26 / 27 A ban on mineral exports since 2014 is proving untenable. By Stefanus Ian ~The writer is a freelance photojournalist IT WAS barely four in the morning and Rosmin Mulyadi was already ferrying passengers. Armed with a Nokia analogue phone, he was busy answeringPHOTO: STEFANUS IAN - 1,567 words
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Article, Illustration589 2015-07-25 26 / 27 Plutarchos Sakellaris - By Plutarchos Sakellaris ~The writer is a professor at Athens University of Economics and Business and a former vice-president of the European Investment Bank Athens GREECE needs the combined forces of three large international financial institutions in an action programme to get backPHOTO: AFP - 589 words
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Page 26 / 27 Miscellaneous
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Miscellaneous16 2015-07-25 26 / 27 SATURDAY with Ludwig Mum says she can’t cook fish head curry because the Internet is down16 words
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Wealth
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WEALTH INVESTING
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Article, Illustration756 2015-07-25 28 / 29 William Pesek - Rather than pretend that they can return to normalcy, central banks should be devising ways to adapt to a low-rate world William Pesek Bloomberg View FOR decades, central banks lorded over markets. Traders quivered at the omnipotence of monetary authorities their every move,Bloomberg View; PHOTO: BLOOMBERG - 756 words
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359 2015-07-25 28 / 29 Bloomberg Copenhagen GET out of emerging markets before the US Federal Reserve starts raising interest rates. That’s the position of Danica, the pension fund unit of Danske Bank, Denmark’s biggest bank. The fund, which oversees about US$50 billion in assets, saysBloomberg - 359 words
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BROKERS'TAKE
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Article140 2015-07-25 28 / 29 Hold KGI Fraser Research, July 24 Close: S$8.12 Target price: S$8.44 KEPPEL has managed to win S$1.5 billion of new orders this year, bringing its net orderbook to S$11 billion. However, we see the bear cycle in oil markets far from being over. Fundamentally, oil markets are still140 words
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Article240 2015-07-25 28 / 29 Cai Haoxiang - Compiled by Cai Haoxiang Add CIMB Research, July 24 Close: S$1.54 Target price: S$2.06 FOLLOWING a disastrous Q1 2015, Q2 2015 showed very healthy recovery trends that encourage more confidence about the sales prospects of new OSIM products. Share price has de-rated significantly to 14.5 times 2015 earnings,240 words
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Article, Illustration1106 2015-07-25 30 Rob Ioannou, Sandeep Sharma - A good family governance framework will evolve through the generations and adapt to changes. WEALTH INSIGHTS By Rob Ioannou, Sandeep Sharma ~The writers are co-heads of global private banking for South-east Asia, HSBC Private Bank WE know of successful business families who manage toPHOTO: FREEIMAGES - 1,106 words
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LIFE & CULTURE
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Article, Illustration531 2015-07-25 31 Lee U-Wen - Registration for the event on Aug 29 and 30 closes on Monday By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore JUST five weeks to go before this year’s OCBC Cycle event gets under way, and all signs point to an action-packed weekend forFILE PHOTO - 531 words
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Article, Illustration245 2015-07-25 31 Justine Moss - By Justine Moss btworld@sph.com.sg Singapore Singapore AFTER 27 years of playing golf, Steve Lai finally got his first hole-in-one during the second round of the The Business Times Corporate Golf League 2015 on Wednesday. A member of The Crane Boomers245 words
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Page 31 Miscellaneous
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Miscellaneous315 2015-07-25 31 CRYPTIC CROSSWORD Across 1 Soap needed by heavy drinker getting this at teatime? (6,4) 6 Place restrictions on dog beginning to bark (4) 10 Show womaniser with a change of heart (5) 11 Build an exciting picture of a girl some fancy (9) 12 Person making a mockery of a315 words
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Advertisement40 2015-07-25 32 THERE ARE EXCEPTIONS TO EVERY RULE. MILLENARY IN PINK GOLD. SINGAPORE AUDEMARS PIGUET BOUTIQUE FORUM THE SHOPPING MALL 583 ORCHARD ROAD, #01-05/06 TEL (65) 6836 4918 THE SHOPPES AT MARINA BAY SANDS CASINO LEVEL B2M-207 TEL (65) 6688 7595 AUDEMARSPIGUET.COM40 words
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Advertisement41 2015-07-25 1 25-26 JULY 2015 THE BUSINESS TIMES WEEKEND HET U6 J2-52 yr Ga rGa REAYLP SINGAPORE IS THE BEST RUN COUNTRY IN THE WORLD THE AUDI INTERVIEW JOEY CHANG SPEAKS ON GOLF’S FUND-RAISING FUNCTION BOB CARNEY WHY GOOD GOLFERS ARE HAPPY FOOLS41 words
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Swing
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editor’s letter
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Article, Illustration716 2015-07-25 2 S. MURALI - BY S. MURALI Imagine a week like this, if you will. Travel to the home of golf in St Andrews, Scotland, to watch the 144th British Open where you meet and shake hands with Tiger Woods, Arnold Palmer, Gary Player, Mark O’Meara and Phil Mickelson.716 words
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Article, Illustration1149 2015-07-25 4 S. MURALI - Rolex testimonee players in tournaments in a round-table 79-year-old FIT FOR A LEGEND testimonee and ambassador Gary Player is widely regarded as one of the greatest in the history of golf. Known as the Black Knight, he has won more than 165 tournaments worldwide including ninephoto courtesy of Rolex - 1,149 words
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british open20t5
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Article, Illustration856 2015-07-25 5 S. MURALI - The Rolex brand amazing MASTERS Rolex brand shows amazing clout in golf with spontaneous surprise for photojournalists at the British Open at St Andrews. Its senior strategic adviser believes it is the strong association it has with organisations like the American Junior Golf Association that hasphoto courtesy of Rolex - 856 words
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Article, Illustration1115 2015-07-25 6 / 7 BOB CARNEY - GOLFERS FOOLS BY BOB CARNEY he happiest golfer knew was Peggsy. this the greatest?” his mantra from parking lot to putt, no lferIev st?” mthe thelast omatter he happiest golfer I ever knew was Peggsy. “Isn’t this the greatest?” was his mantra from the parking1,115 words
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Article, Illustration388 2015-07-25 6 / 7 ARUL JOHN - STAYING ACTIVE SPEEDS UP HEALING OF ANKLE INJURY Dr Beng Teck Liang (left), 44, chief executive officer of Singapore Medical Group (SMG), and Dr Andrew Dutton (right), 42, medical director and orthopaedic surgeon, SMG Orthopaedic Group, talked at Marina Bay Golf Course about Dr Beng’s recent injury andphoto by Greg Ceo/Getty Images, TNP photo: Saranya Mahendran - 388 words
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Singapore scene
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Article, Illustration645 2015-07-25 8 GODFREY ROBERT - Single-handicappers WHY GAYATRI perfectly blended with steady midhandicap players, and garnished with elderly high-handicappers. The resulting dish is a palatable one that gives true meaning to Gayatri, the popular South Indian restaurant. BY GODFREY ROBERT The topping better still greasing is provided by Seagull Pte645 words
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Article, Illustration258 2015-07-25 10 / 11 KOVITANG - TSWINGechnology PLAY I COOL ON THE GREEN AND 19TH HOLE TSWINGechnology has been green and after the materials I N STYLE PLAY I COOL ON has been weaved into golf fashion, keeping you cool on the green and after the game. This season, Puma strategically placed adaptivePhotography; Jet & Seto Styling: Kovit Ang Location: Fabrika @ Klapsons Hotel Hair & Make Up: Sha Shamsi using Urban Decay and Sebastian Professional. All golfing apparels from Puma Golf, and golfing clubs from Cobra Puma Golf. Special thanks to Mr Darren Tan who appears as a bartender and Mr Alex Loh for arranging the location. - 258 words
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Article, Illustration770 2015-07-25 9 JUSTINE MOSS - A PRESENTED BY PURSUIT s founder and and leading the leading Network (“ESDN”), that allows He is equally causes, Movement handicapper, s founder and CEO of AXS, Joey Chang, 50, has spent 15 years building up the business and leading the company. His vision has helpedtnp photo: Choo Chwee Hua, courtesy of Audi - 770 words
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Advertisement149 2015-07-25 3 BRANDS ■SCI" <a. 4 r. r Si .-f. iSgiaftSwfc -c^ im. m nn r V'.#155 VM < K* /V'. v j. fcK I 1 .> m ;-y <4 1 .A: a£v J60 ActivMove BRAND'S® ActivMove. One tablet. Twice the effectiveness. BRAND’S® ActivMove contains a 360° Flexi-Boost formula created with a149 words
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Advertisement171 2015-07-25 6 / 7 Zach Johnson New Pro Vlx The Open Championship Winner mrs tMcGladrey Transamek** o THE DIFFERENCE IS REALIZING A DREAM To achieve a dream, especially on golf’s biggest stage against the best players in the world, requires believing in your swing, your game and your equipment. Titleist Brand Ambassador Zach Johnson171 words
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Advertisement12 2015-07-25 9 PRESENTED BY PRESENTING SPONSOR OF THE 2015 BUSINESS TIMES CORPORATE GOLF LEAGUE12 words
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Advertisement31 2015-07-25 12 OYSTER PERPETUAL DATEJUST 31 t ROLEX B cortmawatch CHINATOWN POINT, #01-08/09. TEL: 6702 0061 PARAGON, #01-13. TEL: 6235 0084 RAFFLES CITY, #OI-36A. TEL: 6339 9185 WATCH FEATURED SUBJECT TO STOCK AVAILABILITY31 words
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