The Business Times, 4 August 2015

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Microfilm: NL33586
Total Pages: 61
1 36 The Business Times
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  • TOP STORIES
    • Article, Illustration
      Lock icon PMI below 50 on regional manufacturing weakness
      608 2  -  The early barometer of industrial activity in July falls 0.7 point to 49.7 after 2 straight months of rises By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore Singapore SINGAPORE’S manufacturers have turned more bearish, going by the latest Purchasing Managers’ Index (PMI). Slipping 0.7 point
      Source: SIPMM  -  608 words
    • Article, Illustration
      Lock icon Lower bus and train fares from December, with opening of Downtown Line 2
      585 2  -  By Ong Hui Qun ohuiqun@sph.com.sg Singapore TRANSPORT fares will be reduced by up to 1.9 per cent this December, said Transport Minister Lui Tuck Yew on Monday. The new fares will take effect with the opening of
      585 words
    • Article, Illustration
      Lock icon Greek stock exchange savaged on re-opening
      684 2  -  By Neil Behrmann btworld@sph.com.sg London THE Athens Stock Exchange reopened after five weeks and predictably slumped, by a whopping 22 per cent from its June close. Illustrating the debt crisis which has crippled the economy, the Athens Stock Exchange General Index at 623 points
      PHOTO: BLOOMBERG; Source: www.tradingeconomics.com/ASE  -  684 words
    • Article, Illustration
      Lock icon Tharman lists innovation and inclusivity as keys to S’pore’s advancement
      688 3  -  Book of essays on Singapore’s next 50 years, which he launches, also picks up this point about S’pore’s future By Elizabeth Mak eamak@sph.com.sg Singapore TO adapt to an unpredictable world, Singapore must continually improve its human capacities and its people’s
      PHOTO: WORLD SCIENTIFIC  -  688 words
    • Article, Illustration
      Lock icon Japan labour shortages could thwart Abenomics: IMF report
      824 4  -  It urges the authorities to tackle the “thorny” issue of increasing the supply of foreign workers By Anthony Rowley btworld@sph.com.sg Tokyo GROWING shortages of labour in Japan could hobble the world’s third-largest economy and damage the effectiveness of Prime Minister Shinzo Abe’s
      PHOTO: REUTERS  -  824 words
    • Article
      Lock icon More talent flow in Asean needed: industry leaders
      498 4  -  By Ong Hui Qun ohuiqun@sph.com.sg Singapore ASEAN nations should allow more talent flows for greater economic integration regionally, say Asia’s business experts. In the quest for sustainable growth, Asean governments should facilitate the movement of external talents, rather than devise fixes to
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    • Article
      Lock icon AIG first in S’pore and Asia to cover senior managers against internal probes
      566 4  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE region’s market for directors and officers (D&O) liability insurance has grown in the last few years on the back of an increasingly litigious climate and more enforcement actions. Last year,
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  • Page 3 Advertisements
    • Advertisement
      Lock icon Page 3 Advertisements Column 1
      28 3 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 3 Advertisements Column 2
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  • Page 4 Advertisements
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  • COMPANIES & MARKETS
    • Article
      Lock icon Ascott leads consortium to invest in China’s apartment platform
      643 6  -  CapitaLand, which has set up a technology council, says tie-up with Tujia.com International will boost digital offerings By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE Ascott Limited, the wholly owned serviced residence arm of CapitaLand, is leading a consortium to invest US$50
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    • Article
      Lock icon CWT: Controlling owner mulling review of its business
      374 6  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore Singapore CWT Limited said on Monday that its controlling shareholder C&P Holdings is considering a strategic review of C&P’s business and assets. This “may or may not lead to a transaction involving the company (CWT)”, said
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    • Article, Illustration
      Lock icon Citi Singapore marks SG50 with gifts worth S$1.5m
      313 6  -  By Arthur Lee arthurl@sph.com.sg Singapore CITI Singapore is spending some S$1.5 million to celebrate the nation’s 50th birthday with the community and employees. Its 7,000 staff will each receive commemorative S$100 EZ Link cards as part of Citi’s SG50 Appreciation Day. “It
      PHOTO: ARTHUR LEE  -  313 words
    • Article, Illustration
      Lock icon Major bond selloff unlikely: Fidelity
      553 7  -  Inflation and default risks the bane of bonds are low By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore THE recovery in the US is a positive for the world, though market uncertainties over the coming interest rate hike will cast a pall over Asia, said Andrew Wells,
      PHOTO: SHAWN TEO  -  553 words
    • CORPORATE DIGEST
      • Article
        Lock icon Singapore Exchange
        40 7 SINGAPORE Exchange on Monday night temporarily suspended derivatives trading at 7.56pm following a “technical fault”. It later said the derivatives market resumed trading at 9.45pm, almost two hours after the glitch. SGX has apologised for the inconvenience caused.
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      • Article
        Lock icon Singapore Airlines
        56 7 SINGAPORE Airlines (SIA) and its subsidiary SilkAir have sold their combined 61 per cent stake in Abacus Travel Systems (ATS) to Sabre Technology Enterprises II for US$6.1 million. SIA and SilkAir owned 56 and 5 per cent in ATS respectively. SIA said there was no longer a strategic
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      • Article
        Lock icon Keong Hong Holdings
        47 7 KEONG Hong Holdings Limited’s wholly owned subsidiary Keong Hong Construction has been awarded a S$107.48 million contract to construct a 20-storey medical building for Raffles Hospital Properties. The project, located at Victoria Street/North Bridge Road, is expected to be fully completed by August 2017.
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      • Article
        Lock icon OKP Holdings
        47 7 OKP Holdings’ net earnings for the second quarter to end-June 2015 surged to S$2.9 million from S$0.3 million a year earlier, despite a dip in Q2 revenue to S$27.2 million from S$27.5 million. It has declared an interim dividend of 0.1 Singapore cent per share.
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      • Article
        Lock icon Cordlife Group
        71 7 CORDLIFE Group Limited says it has received a second offer from Golden Meditech Holdings Limited for certain assets and is now reviewing the revised offer. Previously, Cordlife had rejected Golden Meditech’s US$25 million initial offer to acquire some 7.3 million shares of par value US$0.0001 per share in
        71 words
      • Article
        Lock icon Sinwa Limited
        49 7 marine supply and logistics firm Sinwa has declared a special dividend of 2.25 Singapore cents per share, to be paid on Sept 3. On Monday, it reported a 22 per cent rise in Q2 FY2015 net profit to S$2.6 million, or earnings per share of 0.73 cent.
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      • Article
        Lock icon Spackman Entertainment
        64 7 SPACKMAN Entertainment’s associate Spackman Media Group (SMG) on July 28 entered into a deal to acquire an additional 10.11 per cent in Delmedia Co Ltd for 182 million won (S$0.21 million). Following the acquisition, SMG’s shareholding interest in Delmedia has gone up from 88.89 to 99 per cent.
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      • Article
        Lock icon Yongmao Holdings
        53 7 TOWERCRANE manufacturer Yongmao Holdings posted a net loss of 7.4 million yuan (S$1.6 million) for Q1 FY2016, a reversal from its 36.2 million yuan net profit in the same period a year ago when it saw other income of 13.2 million yuan. Revenue fell 62.9 per cent to
        53 words
      • Article
        Lock icon UMS Holdings
        59 7 UMS posted a 14 per cent rise in net profit for the second quarter to S$8.3 million, making it the best performing quarter for the company over the past 12 months. But net profit for the first six months of the year remained unchanged at S$15.8 million. It
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    • Article
      Lock icon Foreigners rushing to sell Thai stocks
      299 7 BLOOMBERG Bangkok FOREIGN investors are selling Thai stocks at the fastest pace this year as the country’s military government struggles to deliver on pledges to revive economic growth. Overseas funds unloaded a net US$774 million of Thai shares in July as the benchmark SET
      BLOOMBERG  -  299 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index Aug 3,2015 3,192.79 -9.71 (-0.30%) Current streak 3 days Day high 3,217.13 Day low 3,186.34 52-week high 3,539.95 (Apr 15, 2015) 52-week low 3,154.21 (Oct 16, 2014) FTSE ST Catalist Index Aug 3,2015 607.74 -14.15 (-2.28%) Current streak 9 days Day high 624.30 Day low
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    • Article, Illustration
      Lock icon China weakness continues to weigh on STI
      673 8  -  Brokers not unduly surprised as “purely speculative” penny-stock rally comes to a halt STOCKS By R Sivanittiy sivan@sph.com.sg @RSivanithyBT CONTINUED weakness in China and Hong Kong stocks meant the Straits Times Index (STI) kicked off the week with a 9.71 points or 0.30
      Source: Bloomberg  -  673 words
    • Article
      Lock icon STI STOCKS
      314 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 242 unch 245/242 271 219 6 6123.5 CapitaLand 324 +2 327/323 379 293 11.9 2.8 *****.3 CapitaMall Trust 206 +6 206/201 228 188.5 5.3 7147.6 CityDev 943 +10 943/928 1095 915 11.3
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    • Article
      Lock icon MOST ACTIVE
      38 8 VOLUME Noble 118,543,200 Global Logistic 84,762,300 Golden Agri-Res 57,889,100 Memstar Tech 55,893,000 Great Group R 51,364,500 Market volume 1,598,926,000 VALUE Global Logistic 185,997,644 DBS Grp 83,821,163 UOB 72,172,361 OCBC Bank 67,412,396 Noble 56,713,837 Market value 1,146,922,000
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    • Article
      Lock icon SGX ETFs Most Active
      109 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 322 xd -2 695 326/321 355/319 321/323 IS MS INDIA US$ US759 155 780/756 1000/696 757/762 94.9 UETF SSE50China 244 -3 88 248/243 340/150 243/246 76.3 DBXT MSRussia US$ US188 -2 58 188/188 278/140
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Aug 3 VALUE CLOSE BT OB/OS -1103.00 -320.00 BT CADI -*****.00 -214.00 BT 10-day MA -*****.00 -110.00 FTSE ST Mid Cap 724.41 -8.41 FTSE ST Small Cap 447.45 -7.83 FTSE ST All Share 764.28 -4.01 FTSE ST China Top 182.68 -3.41 FTSE ST China 224.59 -2.13 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share ftse ST All-Share index Aug 3,2015 764.28 -4.01 (-0.52%) Current streak 3 days Day high 770.17 Day low 763.39 52-week high 847.98 (Apr 15, 2015) 52-week low 762.71 (Oct 16, 2014)
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    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE Index July 31,2015 1,879.75 +20.78 (+1.12%) Current streak 1 day Day high 1,882.90 Day low 1,862.30 52-week high 1,949.49 (May 15, 2015) 52-week low 1,697.01 (Jan 7, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 7 4 0 0 0 2 7 4 Manufacturing 28 71 30 1 22 7 29 93 37 Commerce 13 34 12 4 5 3 17 39 15 Tpt/Stor/Comms 4 27 8
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 21,891 21,891 97,079 97,079 Manufacturing 308,466 87,043 395,509 70,527 3,219 73,746 Commerce 168,835 56,402 225,237 88,932 2,409 91,342 Tpt/Stor/Comms 119,712 6,250 125,962 121,251 498 121,749 Finance 25,316 40 25,356 251,278 7 251,285 Construction 52,113 22,099
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    • Article
      Lock icon GAINERS
      78 8 BY CENTS CLOSE UP 52w high/low Lyxor ThaiSET US$ ***** 205.1 1.3 *****/***** GLD US$ ***** 150.1 1.1 *****/***** IS S&P500 US$ ***** 88.1 0.3 *****/***** DBXT MSEurope US$ 6005 81.2 1.0 6300/5366 DBXT E50 US$ 5110 62.0 0.9 5310/4562 BY PERCENTAGE CLOSE UP 52w high/low Asiatravel W*****5 0.4
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    • Article
      Lock icon LOSERS
      73 8 BY CENTS CLOSE DOWN 52w high/low DBXT Vietam US$ 2627 -107.4 -2.9 3100/2250 DairyFarm USD 789 -52.3 -4.6 1077/785 DBXT China50 US$ 3248 -45.4 -1.0 4258/2987 DBXT MSTaiwan US$ 2053 -41.3 -1.4 2392/2049 SIA 1045 -29.0 -2.7 1291/957 BY PERCENTAGE CLOSE DOWN 52w high/low Jason Hldg 7.5 -76.9-25.0 65/6.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 8 VOL CLOSE($) CHANGE Great Group 1,016.2 0.013 +0.006 +85.71 Koda 367.5 0.100 -0.019 -15.97 JasonHldg 16,159.7 0.075 -0.250 -76.92 Mercator Lines 7,120.0 0.016 +0.005 +45.46 Ziwo 150.0 0.033 -0.027 -45.00 Leader Env 110.1 0.042 -0.034 -44.74 Europtronic 6,435.4 0.012 -0.004 -25.00 Asian Micro 582.0 0.013 -0.001 -7.14 GDS
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    • BROKERS’ TAKE
      • Article
        Lock icon Global Logistics Properties
        114 8 Buy Aug 3 close: S$2.20 Target price: S$3.00 DBS Group Research, Aug 3 GLP reported a 49 per cent in Patmi on top of a 65 per cent rise in Ebit to US$268 million and US$450 million respectively, on the back of higher asset values, development gains
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      • Article
        Lock icon Starhill Global Reit
        89 8 Buy Aug 3 close: S$0.855 Target price: S$0.93 OCBC Investment Research, Aug 3 STARHILL Global Reit’s Q6 FY14/15 results met our expectations; revenue rose 3.7 per cent y-o-y to S$51.8m, DPU grew 3.2 per cent y-o-y to 1.29 cents and formed 25 per cent of our initial
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      • Article
        Lock icon Dairy Farm
        96 8 Neutral Aug 3 close: S$7.89 Target price: US$9.10 RHB, Aug 3 H1 2015 results were below our/consensus expectations, with underlying net profit of US$193 million making up about 34 per cent of earlier full-year forecasts. Weak markets include Malaysia and Indonesia, which account for around 25 per cent
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      • Article
        Lock icon Plantations
        175 8  -  Compiled by Andrea Soh Neutral CIMB Research, Aug 2 SINGAPORE-LISTED plantation companies are required to adopt the revised accounting requirements for biological assets starting Jan 1, 2016. Our initial assessment of these changes revealed that the companies’ total shareholders’ equity could be reduced as they will need to write-down
        175 words
    • Article
      Lock icon Loonie, Aussie, Kiwi set for worst year since crisis
      393 9 CURRENCIES BLOOMBERG Tokyo THERE’S been no respite in the commodity rout that’s seen prices tumble to a 13-year low and that’s sending the currencies of nations that rely on exporting resources toward their worst year since the financial crisis. Canada’s dollar
      BLOOMBERG  -  393 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Aug 3 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.959 4.526 0.665 5.650 46.636 98.443 0.905 8.509 2.808 1.106 74.195 33.277 1.003 9.255 0.705 23.061 25.555 0.466 0.729 Canada 1.043 4.721
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      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Aug 3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0029 1.0039 0.7285 0.7291 Canadian dollar 1.0465 1.0468 0.7602 0.7602 Euro 1.5094 1.5098 1.0964 1.0965 NZ dollar 0.9068 0.9074 0.6587 0.6590 Sterling pound 2.1514 2.1518 1.5627 1.5628
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      • Article
        Lock icon US$/S$ FORWARD RATES
        21 9 Aug3 S$ Bid Offer 1-month 1.3780 1.3785 2-months 1.3790 1.3795 3-months 1.3797 1.3802 6-months 1.3813 1.3822 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        195 9 Aug 3 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left FTSEChinaA50 ***** MBeCW*****9 9 0.3 9183 0.0 --1 KepCorp MB ePW*****3 6.4 0.7 5450 0.2 750 1 DBS MB eCW*****1 12.3 unch 5328 0.1 2100 4 OCBC
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 9 In local curr In S$ In US$ dy yr dy yr dy yr Jul 31 Index Change Change Change Change Change Change World Preliminary 1349.7 0.4 5.8 0.1 6.9 0.6 3.6 EAFE Preliminary 1093.0 0.5 10.8 0.6 9.4 1.1 5.9 Europe Preliminary 1517.9 0.4 9.9
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        386 9 Aug 3 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Aug15 *****.00 *****.50 *****.50 *****.00 *****3 *****7 Sep15 *****.00 *****.00 *****.00 *****.00 127 2397 NIKKEI 225 INDEX FUTURES Sep15 *****.00 *****.00 *****.00 *****.00 ***** *****1 Dec15 *****.00 *****.00 *****.00 *****.00 113 ***** MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon SIBOR
        36 9 Aug 3 1 mth 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 0.***** 3 mths 0.***** 6 mths 1.***** Source: Thomson Reuters
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      • Article
        Lock icon INTERBANK RATES
        154 9 Aug 3 $S Offer Bid 0vernight 0.04 0.02 1-month 0.75 0.625 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.03 US$ Offer Bid 7 days 0.22 0.12 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.60 0.40 9 months 0.80 0.60 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        65 9 Aug 3 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.31 102.39 102.38 5-Year N*****0S 2.000 01-Jul-20 100 10-Year NX*****Z 2.375 01-Jun-25 98.08 98.25 98.25 15-Year NY*****E 2.875 01-Jul-29 100.06 100.20 100.08 20-Year NZ*****V 3.375 01-Sep-33 106.15 30-Year NA*****N
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        255 9 Jul-31 Price Net change change Last Trade Agricultural Jul-31 CBOT Soybeans (US cents/bu) 980.75 -9.50 -0.96% 14/08/2015 CBOT Soybean Oil (US cents/lb) 29.98 -0.30 -0.99% 14/08/2015 CBOT Wheat (US cents/bu) 499.25 2.75 0.55% 14/09/2015 Jul-31 LIFFE Cocoa (£/tonne) 2131.00 -13.00 -0.61% 15/09/2015 LIFFE Coffee (US$/tonne) 1774.00 0.00 0.00%
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    • Article, Illustration
      Lock icon Fintech seeks to reinvent finance industry
      1242 10  -  Innovation seen as shaping customer behaviours, business models and structures By Elizabeth Mak eamak@sph.com.sg Singapore THE rapid rise of financial technology, “fintech” for short, has spurred established players in the finance sector to review their business models. Global investments in this technology totalled US$12.2
      PHOTO: SHAWN TEO  -  1,242 words
    • Article
      Lock icon Chinese firms turning to Australia as IPO destination
      302 10 REUTERS Sydney A FOOT massage franchise, a soccer boot-maker and a camellia tree grower all hope they can end the curse on Chinese firms pursuing initial public offerings in Australia as a lengthy wait and market volatility discourage them from listing at
      REUTERS  -  302 words
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      Lock icon Page 6 Advertisements Column 1
      126 6 SINCE IS o^ e xuvsvhxunvwvs i L r C tr CELEBRATING 170 Years Of The Straits Times If it mattered, it was in The Straits Times. For 170 years, The Straits Times has been telling the Singapore story with understanding, insight and authority. LIVING HISTORY: 170 YEARS OF THE STRAITS
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      205 7 with the freedom of your own personal assistant Experience the best of city living when you stay at Pan Pacific Serviced Suites Beach Road, Singapore or Pan Pacific Serviced Suites Orchard, Singapore. Attentive round-the-clock Personal Assistants will help ease you into the rhythm of daily life, whether it is providing
      205 words
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  • Page 10 Advertisements
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      69 10 Sometimes you need to pay to have a view of the world. But that's not how we see it. 4 ■v* 1 f .i H -i 1* •■FREE aseone» VISITTHE BRAND NEWASIAONE.COM AsiaOne is a free-access website that curates important and interesting news and lifestyle features from a wide range
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  • Page 11 Advertisements
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      1842 11 TOWARDS A SMART NATION It’s about people, ultimately Smart city technologies not only improve the convenience, comfort of daily lives, they also help people develop their potential By Poon King Wang and Lim Wee Kiat The phenomenal pace of technological advances in the last two decades and the many benefits
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Shophouse deals in Hongkong St, Havelock Rd, Tanjong Katong
      785 12  -  Shophouse transactions have been affected by the buyer-seller price gap, says Knight Frank By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A FEW shophouse transactions have taken place recently. These include one at Hongkong Street that changed hands at S$ 14.45 million. The
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    • Article
      Lock icon Hong Kong’s Gaw Capital turns faded properties into gems
      1009 12 BLOOMBERG Hong Kong WHEN InterContinental Hotels Group announced the sale of its Hong Kong flagship for US$938 million to a group led by Gaw Capital Partners on July 10, even insiders were caught off guard. In a town dominated by a
      BLOOMBERG  -  1,009 words
    • Article
      Lock icon Own a farm in Virginia for just US$200 and a well-written essay
      1219 12 WP Hustle, Virginia ON his first Halloween at Rock Spring farm, Randy Silvers sat in his blue Chevy pickup surveying the open pastures. Suddenly, he noticed a yellow light twinkling in the night sky. faint at first, the
      WP  -  1,219 words
    • Article, Illustration
      Lock icon Vietnam’s property market sees rapid turnaround
      792 13 REUTERS Hanoi BROUGHT to its knees when its property market bubble burst four years ago, Vietnam is riding into another boom, with construction starting in Ho Chi Minh City on two of the world’s tallest skyscrapers and buyers snapping up new projects fast. The
      REUTERS; PHOTO: REUTERS  -  792 words
    • Article, Illustration
      Lock icon Chestertons sets up associates arm, targets 300-strong team
      609 13  -  The company wants to position itself for an upturn as some policies related to property cooling measures may see a relaxation by mid next year, says MD Donald Han By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore DESPITE the current property market lull, Chestertons
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  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      71 12 FOR SALE BY TENDER Wing On Life Garden 335 Bukit Timah Road #16-01 -Freehold Tenure 3,240 SQFT of Spacious Family Living Prestigious Schools in Vicinity (ACS Barker, SCGS, Chinese Intl School) Short Walk to Future Stevens MRT Station Panoramic View of Bukit Timah the City TENDER CLOSING 11 SEP 2015,
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  • Page 13 Advertisements
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      Lock icon Page 13 Advertisements Column 1
      347 13 PAYA UBI INDUSTRIAL PARK $1.50psf $350psf ONWARDS LEASE SALE 200 to 7,500 sq ft Own parking space (not inclusive in listed area) Tel: 9090 2222 Office: 53 Ubi Avenue 1 #01-11 D15 MIXED DEVELOPMENT SITE AT TELOK KURAU C3 SIMSAVE CHANOIRD LOR G TELOK KURAU PAN-ISLAND EXPRESSWAY (PIE) Land area:
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      Lock icon Page 13 Advertisements Column 2
      306 13 Hong Fok Group Expression of Interest Joint Venture for logistic/warehouse facilities operation Seeking established operator for logistic/warehouse operation Single storey warehouse space at Tuas South Land size approx. 80,000 sqft Warehouse space approx. 50,000 sqft Ceiling height approximately 11m T C Logistics Hub Pte Ltd Please call Owner 9144 0027/
      306 words
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  • BANKING & FINANCE
    • Article
      Lock icon Asia dividend funds turn to China, India to counter Fed hike
      521 14 REUTERS Singapore ASIAN dividend-paying equity funds are reducing investments in traditional safe bets in favour of companies with rising dividend payouts to guard against investors selling out from the funds when US interest rates rise. Dividend funds usually invest
      REUTERS  -  521 words
    • Article
      Lock icon China freezes Citadel’s account in stock speculation probe
      594 14 investigation is focused on spoofing, a practice that involves placing then cancelling orders to move prices BLOOMBERG Hong Kong CITADEL Securities, the trading firm started by Ken Griffin, owns one of the 34 accounts frozen by Chinese exchanges as the authorities investigate
      BLOOMBERG  -  594 words
    • Article, Illustration
      Lock icon HSBC’s Q2 profit falls 3.8%; Brazil unit’s selloff agreed
      593 14 AFP Hong Kong HSBC announced on Monday that net profit fell 3.8 per cent in the three months to June, as the company agreed to sell its Brazilian business for US$5.2 billion to Brazil’s Banco Bradesco. Europe’s biggest bank announced in
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    • Article
      Lock icon China to curb online payment in fresh blow to Internet finance
      463 14 BLOOMBERG Shanghai CHINA plans to tighten regulations governing the nation’s 270 on-line-payment firms including Alibaba Group Holding Ltd’s finance arm, dealing another blow to the booming business of Internet finance. Under draft rules published on July 31, the central
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      165 14 hB STProperty EVENTS SIP I Gpt an p.r STPROPERTY EXPO 2015 Get an edge in your investment portfolio as you view featured projects from the Asia Pacific at our expo! fin a Date: Saturday Sunday 29 30 August 2015 Venue: SUNTEC Singapore Convention Exhibition Centre Level 3 Summit 1 2,
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Computers now the means, not the end for hackers
      936 16 They are targeting the “Internet of Things” to control everything from cars to rifles AFP San Francisco HACKERS are not just after your computer: connected devices from cars to home security systems to sniper rifles are now targets for actors looking
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    • Article
      Lock icon A turnaround specialist reshapes Computer Sciences Corp
      717 16 WP Washington VIEWED from a certain angle, Falls Church, Virginia-based Computer Sciences Corp looks like a case study of everything people think is wrong with American capitalism: Misleading investors through rosy accounting. Golden parachutes and excessive executive pay. Ruthless cost-cutting and outsourcing of
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      Lock icon Bitcoin exchange CEO manipulated data dozens of times: report
      566 16 AFP Tokyo MARK KARPELES, the head of defunct Bitcoin exchange MtGox, manipulated its computer system at least 30 times over a couple of years, a report said on Monday, as Tokyo promised greater efforts to regulate the digital currency. The fresh
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    • Article
      Lock icon Apple drops to 3rd place in China smartphones for Q2
      311 16 AFP Shanghai TWO Chinese smartphone makers pushed US technology giant Apple into third place in the world’s biggest market in the second quarter, an independent analyst firm said Monday. Upstart Xiaomi, known for delivering high-performance products at cheap prices, was
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  • CONSUMER
    • Article, Illustration
      Lock icon Heineken’s H1 sales up 6.7%, driven by new products
      392 17 BLOOMBERG London HEINEKEN NV, the world’s third-larg-est brewer, reported first-half sales that beat analysts’ estimates as it introduced more products to drive higher prices in regions of sluggish demand such as Europe. Sales rose 6.7 per cent to 9.9 billion euros
      BLOOMBERG; PHOTO: REUTERS  -  392 words
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      Lock icon Comcast invests in Universal theme park chain by the billions
      1092 17 But it could be moving too fast and disregarding the perennial problems that have plagued the industry NYT Orlando, Florida THE Universal theme park chain was the last thing Comcast was interested in when it bought NBCUniversal four years ago.
      NYT; PHOTO: BLOOMBERG  -  1,092 words
    • Article
      Lock icon Bigger may be better for health insurers but doubts remain
      699 17 NYT New York DEALS among the largest health insurers in the United States in recent weeks have been almost head-spin-ning. But whatever the details, if the combinations are finalised, the result will be an industry dominated by three colossal insurers.
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  • Page 17 Advertisements
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      46 17 HOT PROPERTY FOOK HAI BUILDING. Rare. 99 years. 1065 sqft. Vacant. Renovated. Ask $1.25 mil. CHINATOWN POINT OFFICE 743 sf. Selling with tenancy. Good investment! MRT door step. Excellent location! OFFICE SPACES FOR SALE Check out these properties and more in The Straits Times Classified now!
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      25 17 SELL YOUR CAR YOURSELF POST AN AD FOR FREE! VISIT WWW.STCARS.SG NOW! Buy, sell or rent. At www.STCars.sg, your ideal car isn’t hard to find.
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      200 17 The one-day conference will be a pure learning journey where only investment ideas, content, strategies and discussion matter. We promise. At this conference, there will be no sales talks, previews or hard-selling. We want our participants to be UNPLUGGED from all the marketing spiel. “One does not go to see
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  • TRANSPORT
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      30 18 Rate Restoration Notice Singapore/Port Klang to Chennai and Singapore/Port Klang to Vizag v.v. Singapore/Port Klang Chennai $85/TEU Laden Singapore/Port Klang Vizag VV $85/TEU Laden Effective Date: 15th August 2015 BengalTigerLinePteLtd
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  • GOVERNMENT & ECONOMY
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      Lock icon June spending caps stronger quarterly performance
      810 19 The 0.2% increase in purchases follows a 0.7% advance in May; incomes climb 0.4% for a third month LATEST US DATA BLOOMBERG Washington AMERICAN households kept spending in June, capping a stronger quarterly performance for the biggest part of the economy. The 0.2 per
      BLOOMBERG; PHOTO: BLOOMBERG  -  810 words
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      Lock icon Chinese factories face headwinds in July, Europe withstands Greek turmoil
      987 19 REUTERS BLOOMBERG London ECONOMIC headwinds facing Chinese manufacturers intensified last month, with conditions deteriorating to their weakest level in two years, while eurozone factories largely shrugged off Greece’s brush with bankruptcy. US manufacturing sector slowed down last month. July was
      REUTERS; BLOOMBERG; PHOTO: REUTERS  -  987 words
    • Article
      Lock icon Swiss border town hit by franc as shoppers defect to Germany
      747 19 BLOOMBERG Kreuzlingen IN the Swiss lakeside town of Kreuzlingen, the strength of the franc is leaving its mark. The currency’s advance this year means locals in the border town are crossing into Germany to shop in greater numbers, hurting
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      Lock icon UK braces for rate hike never experienced by young debtors
      836 20 Rate increase to push up cost of variable-rate mortgages, which account for 60% outstanding home loans BLOOMBERG London AFTER more than six years of recordlow interest rates, the looming increase hinted at by Bank of England (BOE) policymakers may come
      BLOOMBERG; PHOTO: BLOOMBERG  -  836 words
    • Article
      Lock icon Macau casino slump eases for fifth straight month in July
      504 20 BLOOMBERG Hong Kong THE downward spiral of Macau’s casino industry is abating, albeit slightly, as a revenue slump eased a fifth straight month in July, the same month the city relaxed rules for Chinese citizens entering the gambling hub. Gross
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      Lock icon Ageing Mittelstand bosses seen as threat to German economic vitality
      823 20 REUTERS Berlin THE small and medium-sized, often family-owned companies that form the bedrock of the German economy are facing a corrosive problem that could undermine their future viability: too many ageing owners without heirs and averse to investment. Elderly entrepreneurs
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    • Article
      Lock icon India downplays inflation risk ahead of RBI rate decision
      458 20 BLOOMBERG New Delhi INDIA’S Finance Ministry declared that inflation can’t be the primary concern of policy makers on the eve of a rate decision by the central bank. Declines in commodity and wholesale prices show that inflation isn’t the country’s biggest
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      Lock icon Najib acknowledges ‘confidence deficit’ in his government
      929 21  -  He blames social media, urges civil servants to provide better service to regain public confidence By Pauline Ng btworld@sph.com.sg Kuala Kuala Lumpur AMID a weakening economy and deteriorating socio-political environment, Malaysia’s Prime Minister Najib Razak has acknowledged a “confidence deficit” in his administration,
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      Lock icon Funds in Najib’s account from donor: anti-graft unit
      350 21 REUTERS Kuala Lumpur FUNDS deposited into Malaysian Prime Minister Najib Razak’s bank accounts were from a donation, not from debt-laden state fund 1 Malaysia Development Berhad (1MDB), the an-ti-corruption commission said on Monday. Acknowledging that RM2.6 billion (S$928.5 million) in funds were
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      Lock icon South Korea posts record current account surplus of US$52.4b
      503 21 AFP BLOOMBERG Seoul SOUTH Korea on Monday posted a record current account surplus for the first half of this year as slumping oil prices helped offset the impact of shrinking exports. The current account the broadest measure of foreign trade in
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      Lock icon Bank of Russia scraps easing pledge, setting policy adrift
      691 21 Deepening recession, risks to inflation and rouble are pulling central bank in different directions BLOOMBERG MOSCOW THE four words Russia’s central bank didn’t say have brought new intrigue to its monetary policy. By omitting the phrase from June that it will
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      Lock icon Indonesia inflation remains high despite forecast of easing
      279 21 AFP Jakarta INFLATION remained unchanged yet high in Indonesia in July despite predictions of easing, as consumers stocked up on food and transport tickets ahead of the Muslim holiday of Eid Al-Fitr, government data showed on Monday. The consumer price index rose
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  • OPINION
    • Article
      Lock icon Several major obstacles still in the way of achieving a TPP
      593 22 IT was always unduly optimistic to have assumed that the Trans-Pacific Partnership (TPP) talks in Hawaii would end in a done deal. The obstacles access to agricultural markets, the car trade, extended protection for drugmakers, longer intellectual property protection
      593 words
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      Lock icon ‘Quarterly capitalism’ reform: Huge task ahead for Hillary
      755 22  -  THE BOTTOM LINE By Anthony Rowley IT is brave of Hillary Clinton to challenge “quarterly capitalism” (the habit of listed firms in the United States to focus on short-term financial results rather than longterm business objectives), but it is questionable whether she
      755 words
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      Lock icon Nuclear terrorism a growing global threat
      1128 22  -  Obama’s Nuclear Security Summit needs more buy-in and resources, and for its processes to be institutionalised, perhaps through the IAEA, to contain the danger. BY ANDREW HAMMOND danger.BY ANDREW HAMMOND T The writer is an Associate at LSE IDEAS (the Centre for International Affairs,
      PHOTO: REUTERS  -  1,128 words
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      Lock icon Three times unlucky for hapless IMF
      917 23  -  COMMENTARY By David Marsh T The writer is managing director of the Official Monetary and Financial Institutions Forum SOMETHING is going badly wrong in relations between Christine Lagarde, the International Monetary Fund’s (IMF) managing director, and the staff of the institution. Three times in
      917 words
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      Lock icon Pact between Greece and its creditors deserves a chance
      638 23  -  COMMENTARY By Joergen Oerstroem Moeller T The writer is visiting senior research fellow at the Institute of Southeast Asian Studies, Singapore, and adjunct professor Singapore Management university Copenhagen Business School HARDLY was the ink dry after the agreement on July 17
      PHOTO: AFP  -  638 words
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      Lock icon Singapore and South-east Asia are key to UK’s prosperity
      1069 23  -  Britain can build on Cameron’s visit to South-east Asia to work even more closely with its Asean partners to help create jobs and growth for people in the region and the UK. BY SAJID JAVID UK.BY SAJID JAVID T The writer
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    987 24 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10
    987 words
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      211 24 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES Shipping times Experienced shf p maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TO IBS TO ADVERTISE, CALL JOE WONG AT 9620 1327 Announce Your Corporate Development
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Tributes pour in for UK singer, TV star Cilla Black
      367 25 AFP London TRIBUTES poured in on Sunday for Cilla Black, the 1960s pop star championed by The Beatles who became one of Britain’s best-loved television presenters, following her death at the age of 72. Black’s publicist confirmed her death in
      AFP; PHOTO: AFP  -  367 words
    • Article, Illustration
      Lock icon IAAF launches stern defence of anti-doping record
      954 25 Global sporting bodies call for probe into claims of widespread blood doping in track and field REUTERS Kuala Lumpur THE head of world athletics launched a vigorous defence of the IAAF’s anti-doping record on Monday, as global sporting bodies called for a thorough
      REUTERS  -  954 words
    • Article, Illustration
      Lock icon Cogent Hldgs donates S$110,000 to ChildAid
      399 25  -  By Caithlin Ng caithng@sph.com.sg Singapore LOGISTICS management firm Cogent Holdings is giving S$110,000 in support of Yu Neng Primary School’s values-in-action initiative, Pay-It-Forward. The money will go to the children’s charity concert ChildAid, which is organised jointly by The Straits Times and The Business
      PHOTO: YU NENG PRIMARY SCHOOL  -  399 words
    • Article, Illustration
      Lock icon Shanghainese leading China’s tourism surge in Japan
      807 25 BLOOMBERG Hong Kong WHILE shuffling his family aboard the 16-deck Quantum of the Seas in Shanghai, Yu Zhihong admitted he’s often told his kids that Japan is no good. That didn’t stop the 45-year-old salesman from booking a trip across the East China
      BLOOMBERG; PHOTO: AFP  -  807 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Lock icon Page 25 Miscellaneous Column 1
      335 25 CRYPTIC CROSSWORD Across 1 Gone With the Wind It gets one enthralled (5,2,5) 9 Governor of fortress imprisons woman in metal container (9) 10 Girl’s plants (5) 11 First of exams fail or pass? (6) 12 Exaggerate, making point and lie naughtily (4,2,2) 13 Element of Society given blame (6)
      335 words
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  • SME
    • Article, Illustration
      Lock icon Helping SMEs to punch above their weight
      1137 26  -  Moving to the cloud allows small businesses to get rid of costly infrastructure, switching capex into opex COMMENTARY By Danny Ong The writer is the business manager to CEO in APJ at Acronis International. He has extensive experience across the Asia-Pacific, having managed
      PHOTO: BLOOMBERG  -  1,137 words
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      Lock icon Nailing down your corporate values a valuable – if tough – exercise
      778 26  - Nailing down your corporate values a valuable if tough exercise COMMENTARY By Charles Galunic The writer is an Insead Professor of Organisational Behaviour and The Aviva Chaired Professor of Leadership and Responsibility. This article first appeared on insead Knowledge. CORPORATE values are commonplace. They are stated on corporate literature and
      PHOTO: BLOOMBERG  -  778 words
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      66 26 Build up your business with the Capability Development Grant 6 \v Start building today! Big and small businesses need to enhance their capabilities to compete and grow. SMEs can use SPRING Singapore’s Capability Development Grant to help them grow their business. Simplified application process for grant support of $30,000 and
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      29 1 AUGUST 2015 SPOTLIGHT DR LOO CHOON YONG A simple secret to success ROUNDTABLE How to make wealth last for generations PHILANTHROPY An outcomeoriented approach CHINA STOCKS: Undervalued or bubble?
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      32 2 Credit Suisse Is your Private Banker on speaking terms with your Investment Banker? Discover how you can benefit from having Private Banking and Investment Banking integrated under one roof at credit-suisse.com/onebank TV
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      96 4 CONTENTSaugust 2015 ASIAN EQUITY OUTLOOK 26~China overshadows Asian markets This is not going to be a vintage year for the region’s equities, but there are still good opportunities FIXED INCOME 24Off the beaten path Investors looking to diversify their portfolios could consider non-traditional fixed income ASSET ALLOCATION 25 Income investing
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      191 5 Recognizing opportunities is my passion. Responding to them well is the challenge. With our financing expertise your wealth has a voice. Let it be heard. Discover more at asia-weaLthmanagement.bnpparibas.com BNP PARIBAS WEALTH MANAGEMENT The bank for a changing world This advertisement is for information purposes only. It is not an
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      92 6 CONTENTSaugust 2015 ASSET MANAGER 29 Small firms, big potential Aberdeen Asset Management’s Kwok Chern-Yeh shares his views on the investment universe of Japanese smaller companies REAL ESTATE 30 Looking inwards and outwards With elevated prices and market consolidation in Singapore, outbound investment is set to continue LIFESTYLE 32High life on
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      52 7 Standard Chartered Cg Private Bank You seek new horizons Across Asia, Africa and the Middle East, our deep market knowledge can connect you to business and wealth opportunities. i jj[ I J V N? t sc.com/privatebank Here for good Standard Chartered Private Bank is the private banking division of Standard
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  • THE BUSINESS TIMES ULTRA WAELTH
    • Article, Illustration
      Lock icon Editor’s note
      755 8  -  By Genevieve Cua HEN Dr Loo ChoonYong’s father urged him to study medicine, saying: “I’ve never known a starving doctor”, he probably never envisioned the success that his son would achieve. Dr Loo planted the seeds of the Raffles Medical Group in 1976 when he and his partner
      PHOTO: ISTOCK  -  755 words
    • SPOTLIGHT LOO CHOON YONG
      • Article, Illustration
        Lock icon Simple secret to success
        1616 10  -  Raffles Medical Group’s Loo Choon Yong believes that by looking after the patients, the business will look after itself By Genevieve Cua OO Choon Yong, consummate doctor and businessman, took up medicine not so much because of an innate love of the profession from his youth,
        PHOTO: ARTHUR LEE; PHOTOS: RAFFLES MEDICAL GROUP  -  1,616 words
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        Lock icon Staying grounded
        904 12 OO Choon Yong, executive chairman and co-founder of the Raffles Medical Group, pooh-poohs, when told that he is named by Forbes as among the wealthiest in Singapore for a few years running. In 2014 he ranked 30th with wealth estimated at US$895 million. “Wealth it means nothing. Nothing.
        PHOTOS: RAFFLES MEDICAL GROUP  -  904 words
    • PHILANTHROPY
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        Lock icon Heartware zone
        1332 14  -  Ex-corporate honcho Koh Poh Tiong is redirecting his outcome-oriented approach in business to his public service work By Genevieve Cua ORMER head honcho Koh Poh Tiong is in “a new season” of his life. He retired from an executive function after more than four decades of corporate life,
        PHOTO: ARTHUR LEE  -  1,332 words
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        Lock icon Better to give than to receive
        449 15 OH Poh Tiong went from an outstanding student in primary school to a rebellious teen who literally tumbled to the bottom rank in his Secondary 3 level. That, however, spurred him to pick up the pieces, he said in a commencement address to graduands
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    • TRUST MATTERS
      • Article, Illustration
        Lock icon Moving from vision to action
        1044 16  -  A step-by-step approach to generational transition Mark Haynes Daniell Founder and Chairman Raffles Family Wealth Trust Mark Haynes Daniell is the founder and chairman of the Raffles Family Wealth Trust. He also chairs the Cuscaden Group, his family’s own private office. He has authored eight
        PHOTO: ISTOCK  -  1,044 words
    • TRUSTED ADVISER
      • Article, Illustration
        Lock icon Taking a phase to phase approach
        1144 18  -  Credit Suisse’s Francesco de Ferrari sees the bank’s service offerings in Asia in terms of the entrepreneurial life cycle By Genevieve Cua RANCESCO de Ferrari founded and led three business ventures before he joined Credit Suisse in 2002. So it is perhaps not surprising
        PHOTO: ISTOCK; PHOTO: ARTHUR LEE  -  1,144 words
    • ROUNDTABLE
      • Article, Illustration
        Lock icon Longevity in prosperity
        4677 20 Our panellists give their take on issues and steps towards smooth inter-generational wealth transfer and succession Inter-generational wealth planning is an issue that increasingly occupies the minds of wealthy Asian families. Clearly the challenge is to ensure the wealth is sustainable and to keep family members engaged.
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    • INCOME
      • Article, Illustration
        Lock icon Off the beaten path
        1504 24  -  Investors looking to diversify their portfolios could consider non-traditional fixed income By Carman Wong Carman Wong is Head of Emerging Markets Bonds, ABN Amro Private Banking AST year was an eventful year for the Emerging Market (EM) corporate bond market with total positive returns at 4.14
        1,504 words
    • ASSET ALLOCATION
      • Article, Illustration
        Lock icon Income investing in a yield-challenged world
        868 25  -  Having a diversified portfolio will stand investors in good stead By STEVE BRICE Steve Brice is Chief Investment Strategist, Wealth Management unit, Standard Chartered IELD-HUNGRY and risk-averse investors worldwide have traditionally parked their money in bonds to achieve their financial objectives. The challenges in
        PHOTO: ISTOCK  -  868 words
    • ASIAN EQUITY OUTLOOK
      • Article, Illustration
        Lock icon China overshadows Asian markets
        1061 26  -  This is not going to be a vintage year for the region’s equities, but there are still good opportunities By BHASKAR LAXMINARAYAN Bhaskar Laxminarayan is Asia Chief Investment Officer, Pictet Wealth Management HE key development in Asian equities this year has been the surge in Chinese
        PHOTO: ISTOCK; Source: MSCI, Bloomberg  -  1,061 words
    • VIEWPOINT
      • Article, Illustration
        Lock icon China: undervalued or a bubble?
        858 28  -  Investors should look at the basics of future cashflows to determine whether to buy, hold, or sell their China equity exposure Leonardo Drago Co-founder AL Wealth Partners AL Wealth Partners is an independent Singapore-based company providing fund management and advisory services to accredited investors B
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    • ASSET MANAGER
      • Article, Illustration
        Lock icon Small firms, big potential
        848 29 Aberdeen Asset Management’s Kwok Chern-Yeh shares his views on the investment universe of Japanese smaller companies JAPAN equities have enjoyed a resurgence in investor interest, thanks to quantitative easing and asset purchases by the Bank of Japan, pension reallocations into equities and a positive earnings momentum.
        PHOTO: ISTOCK  -  848 words
    • REAL ESTATE
      • Article, Illustration
        Lock icon Looking inwards and outwards
        1483 30  -  With elevated prices and market consolidation in Singapore, outbound investment is set to continue Alice Tan Director and Head of Consultancy Research Knight Frank HERE has been a surge in outbound investment into overseas real estate by Singapore-based entities in recent years. This phenomenon is fuelled
        PHOTOS: ISTOCK; Source: RCA, Knight Frank Research  -  1,483 words
    • LIFESTYLE
      • Article, Illustration
        Lock icon High life on the high seas
        1045 32  -  Ultra-luxurious cruises are all about the experience for the most discerning, well-heeled travellers By CORINNE KERK RUISING really isn’t what it used to be. Not at least, at the very top end of the market. Queue for dinner at the buffet table? You’ve got
        PHOTOS: REGENT SEVEN SEAS CRUISES  -  1,045 words
      • Article, Illustration
        Lock icon A selection of ultra-luxurious cruise suites
        223 33 ASIA2016 ALL-INCLUSIVE: SINGAPORE TO HONG KONG ABOARD SILVER SHADOW 12 DAYS, DEPARTING APRIL 6,2016. (VOYAGE3608) FARES FROM US$28,150 PER PERSON BASED ON OWNER’S SUITE The name Owner’s Suite says it all. A stylish apartment that is prestigious and classic. For those who seek a
        PHOTOS: SILVERSEA CRUISES  -  223 words
    • ULTRA WEALTH
      • Article, Illustration
        Lock icon Solidarity in times of need
        1015 34  -  Nepal’s only billionaire is rallying the private sector to help in the country’s disaster relief Tara Loader Wilkinson Editor-in-Chief, Wealth-X Editor-at-Large, Billionaire T HE two earthquakes and 300 severe aftershocks –that rocked Nepal this year caused unprecedented disaster. The coming monsoon season will leave thousands
        PHOTOS: CHAUDHARY GROUP  -  1,015 words
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      44 8 COVER ARTWORK JENNIFER CHUA PHOTO ARTHUR LEE Spotlight: Dr Loo Choon Yong AUGUST 201 5 SPOTLIGHT DR LOO CHOON YONG A simple sec ret to suc c ess ROUNDTABLE How to make wealth last for generations PHILANTHROPY An outcomeoriented approach CHINA STOCKS: Undervalued orbubble
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      79 9 IMAGINE A BANK Imagine a bank where your interests really do come first. Imagine a bank combining global reach with local expertise. Imagine a bank that’s been looking forward for seven generations. Imagine a bank that manages and protects your family’s wealth. Welcome to Lombard Odier. Geneva Amsterdam Bermuda Brussels
      79 words
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      198 13 The business of managing the family. As a successful entrepreneur, you invest significant resources in managing your business. At HSBC Private Bank, we invest in helping you manage the business of your family. With over 60 years' experience working with successful family businesses, we understand that planning for your family's
      198 words
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      127 17 Until 30 September 2015, enjoy a special $288* account opening promotion. Take the next step in trading at IG.com/sg/SG50 or call us at +65 *****118. Losses can exceed your deposits. Ensure you understand the risks and costs involved with CFD and FX trading by reading the Risk Disclosure Statement at
      127 words
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      450 19 ORGANISATION CONTACT DETAILS Premier Financial Institutions Tel +65 6597 8866 www.abnamroprivatebanking.com DESCRIPTION Tel +65 6559 8000 www.bankofsingapore.com ABN AMRO Private Banking has a mature local presence in more than 10 countries worldwide. Within Asia and Middle East, ABN AMRO currently has three private banking centres in Singapore, Hong Kong and
      450 words
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      87 27 Building a legacy, one step at a time. #1 Most Reputable and Financially Stable Private Bank in Asia. Asiamoney Polls 2014 2015. Your success today was built on the bedrock of your dedication. Like you, we believe that what matters most are trust, knowledge and opportunity to protect your legacy
      87 words
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      388 35 A i H 1 X MARINA ONE IIIUI I' 1.11, min 2 .**■■•>11 g* it IDL 9 "fi if* l T. 'v V .,JS? rJ i*** i* ..AijCAr MS. 45 :V XX 52 SSSSa WJs V>X/ X V i s*; v*fe?.. ii > 4 rf« -■■4*f. m tv. W» XX
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