The Business Times, 23 August 2013

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Total Pages: 88
1 52 The Business Times
  • 25 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Friday, August 23, 2013
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  • 813 1  -  Asian markets, especially Malaysia, feel the pain amid fears of capital outflows from the region By KENNETH LIM kenlim@sph.com.sg [SINGAPORE] Regional investors hammered a few more boards into the windows as analysts kept their forecasts for “Septaper”, following a modest stay-the-course set
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  • MARKETS DIGEST
    • 65 1 HST INDEX 3,089.40 (-19.59) HST INDEX FUTURES 3,085.00 (-20.00) HSIMSCI 350.25 (-3.14) HSIMSCI FUTURES 349.70 (-2.40) US$ S$ US$ (S$ per US$) 1.281 (US$/S$ per 1.560 1.999 EURO (US$/S$/€ 1.335 1.711 Foreign currency per US$ S$ YEN 98.20 76.60 RM 3.307 2.580 HK$ 7.756 6.052 BAHT 32.04 24.99 RUPIAH
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    • 48 1 Thursday Change KL COMP 1,720.37 -24.48 NIKKEI 225 13,365.17 -59.16 HANG SENG 21,895.40 +77.67 SET INDEX 1,351.81 -3.33 JAKARTA COMP 4,171.41 -47.04 MANILA COMP 6,136.73 -389.22 SEOUL COMP 1,849.12 -18.34 SHENZHEN B 811.52 -2.33 MUMBAI IND 18,312.94 +407.03 12noon EDT Change DOW 14,947.16 +49.61 NASDAQ 3,630.94 +31.15
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    • 21 1 SINGAPORE 5.38 MALAYSIA INDONESIA HONG KONG TAIWAN INDONESIA 13.227 TAIWAN 5.036 JAPAN 1.475 SWITZERLAND 9.33 INDIA 0.50 Source: Bloomberg
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  • 776 1  -  By SIOW LI SEN lisen@sph.com.sg [SINGAPORE] While other Asian currencies have been getting battered, the renminbi stands out for its robust performance. Those who kept their faith in it now stand to enjoy a small windfall. The Chinese currency is the best
    Source: Bloomberg  -  776 words
  • Page 1 Advertisements
    • 132 1 TELECOMS OpenNet shareholders make their exit PAGE 4 EXECUTIVE LIFESTYLE Asian fiction: mad about money PAGE 35 WINE The forgotten white burgundy PAGE 40 COMPANIES CPFIS funds down 1.45% PAGE 6 *****1 *****4 GENEVE Creator of dreams 'out a i re. RUBY HEART Pink gold with diamonds A rotating heart-shaped
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    • 34 1 It’s anybody’s guess on actual timing of QE3 easing, Page 4 BT PROPERTY CLASSIFIEDS BT’s CATS property feature is now available to BTO subscribers. To subscribe to BT Property Classifieds, email cats8@sph.com.sg PAGES 30-34
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    • 16 1 The Business Time of Make sure you get your copy of BT’s 50-page luxury watch supplement
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  • TOP STORIES
    • 440 2  -  Economists attribute boost to increasing investments in railway projects, tax reductions By AYISHAH MA EJ Insight [HONG KONG] Business sentiment among small and medium-sized enterprises has improved after the government unveiled a raft of policies on railway investment, taxation and trade late last month,
      EJ Insight; PHOTO: REUTERS  -  440 words
    • 709 4  -  They agree to sell their respective stakes for a total of $126m By AMIT ROY CHOUDHURY amit@sph.com.sg [SINGAPORE] The shareholders of OpenNet, which include subsidiaries of SingTel and Singapore Press Holdings (SPH), have agreed to sell their respective stakes for a total of $126 million.
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    • 561 4 Minutes of end-July Fed meeting give away very few clues Reuters [NEW YORK] A few Federal Reserve officials thought last month it would soon be time to slow the pace of their bond buying “somewhat” but others counselled patience, according to
      Reuters  -  561 words
    • 711 4  -  It’s also a time to reflect on past, think of future: PM Lee By LEE U-WEN leeuwen@sph.com.sg [SINGAPORE] Fresh from chairing the year-long Our Singapore Conversation dialogue, the next big task on Education Minister Heng Swee Keat’s plate is to lead a new committee
      PHOTO: LAU FOOK KONG/THE STRAITS TIMES  -  711 words
    • 591 4  -  By peckming@sph.com.sg CHUANG PECK MING peckming@sph.com.sg [SINGAPORE] Singapore remains a hub for business and talent, and this still acts as a magnet for senior positions to be anchored here, despite lower jobs going to cheaper markets, according to Robert Walters. In its
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    • 376 2 ‘Septaper’ forecasts stay the course after Fed minutes REGIONAL investors hammered a few more boards into the windows as analysts kept their forecasts for “Septaper”, following a modest stay-the-course set of minutes from the US Federal Reserve policy meeting. FRONT PAGE Yuan holds firm, but some investors get
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  • Page 2 Advertisements
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    • 61 4 www.comexshow.com.sg Join us at #1 LARGEST I.T, DIGITAL, MOBILE, CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE COMING SOON! 5th 8th SEPT 2013 SINGAPORE EXPO HALLS 5 6 EXCLUSIVE SHOW OFFERS, NEW PRODUCTS, GREAT BARGAINSAND HUGE SAVINGS FOR PERSONAL, BUSINESS OR HOME (ORGANISER OF IT SHOW, FOOD BEVERAGE FAIR, COMEX AND WORLD FOOD
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  • Page 5 Advertisements
    • 145 5 BENTLEY WEARNES AUTOMOTIVE mmm 5 5 YEARS WARRANTY YEARS MAINTENANCE Luxury has never been this breathtaking, until now. The New Flying Spur. It’s not just because of the exquisite luxury and craftsmanship from this exalted marque. But the phenomenal 320km/h speeds that drive it as well, making it the fastest
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  • COMPANY NEWS
    • 476 6  -  But the unit trusts, ILPs return a positive 9.75% for the 12 months to June 2013 By NISHA RAMCHANDANI nishar@sph.com.sg AFTER three straight quarters of increases, the unit trusts and investmentlinked insurance products (ILPs) under the Central Provident Fund Investment Scheme (CPFIS) fell
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    • 368 6  -  Tan Pei-San, also head of international business, leaving on Sept 30 By ANDREA SOH sandrea@sph.com.sg MAYBANK Kim Eng’s Singapore CEO Tan Pei-San is leaving the firm. The move comes two years after Malaysia’s biggest banking group Malayan Banking (Maybank) acquired Kim Eng Holdings –one
      368 words
    • 608 6 US$1.4b fund in Asia will be region’s largest fund launch Reuters [HONG KONG] Two top executives of Millennium Management LLC are preparing to start a US$1.4 billion hedge fund in Asia, people familiar with the matter told Reuters, in what would be the
      Reuters  -  608 words
    • 556 7  -  Deal involves design and construction of offshore subsea construction vessel By vshiao@sph.com.sg VIVIEN SHIAO vshiao@sph.com.sg VARD Holdings, a global designer and builder of offshore and specialised vessels, has secured a new contract worth 800 million Norwegian kroner (S$168 million) for the design and construction
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    • 311 7  -  $22.7m boost from development property disposal By JACQUELYN CHEOK jaccheok@sph.com.sg HAFARY Holdings, a supplier of tiles, wood flooring and sanitary ware in Singapore, has posted a full-year net profit attributable to equity-holders of $25.4 million 5.6 times the last financial year’s $4.5 million.
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    • 552 7  -  Free subscription to Evernote for those who sign up, renew By AMIT ROY CHOUDHURY amit@sph.com.sg LOCAL telco StarHub has a bonus for post-paid mobile subscribers who sign up or renew their plans. They will receive a complimentary one-year premium subscription worth $58 to Evernote,
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    • 337 9  -  Up to 65m placement shares will be issued at $0.2513 apiece By MINDY TAN tanmindy@sph.com.sg CHINA Environment is looking to raise about $15.9 million in net proceeds through the issue of up to 65 million placement shares at $0.2513 each. Assuming all the
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    • 641 9 But their long-term horizon may let them weather losses Reuters [LONDON] The world’s biggest sovereign wealth funds (SWFs) may see their bumper profits of 2012 diminish this year as recent diversification into highgrowth emerging markets starts to produce disappointing
      Reuters  -  641 words
    • 881 9 Earlier slump drove consumer demand in China, India Bloomberg [SINGAPORE] The rout in gold that wiped out US$56 billion of value this year is spurring consumer demand in China and India, the biggest buyers, and leading JPMorgan Chase Co and Bank of America Corp to
      Bloomberg; PHOTO: BLOOMBERG  -  881 words
    • COMPANY BRIEFS
  • Page 6 Advertisements
    • 673 6 A special feature brought to you by r STJOBS.sc WHY IT'S IMPORTANT TO DEVELOP YOUR EMPLOYEES BY: CHERYL MAH The latest findings of the Employment Situation for the second quarter of 2013 released by the Ministry of Manpower (MOM) on 31 July highlighted the tight labour market in which unemployment
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  • Page 7 Advertisements
    • 143 7 THE TIMES OF INDIA Presents REALTY INDIA Tjfll 201# The Biggest INDIAN Realty Show in SINGAPORE •50TOP BUILDERS ACROSS INDIA •600+ PROJECTS •LUXURY APARTMENTS, VILLAS, RESIDENTIAL PLOTS •RIGHT TIME TO INVESTAS RUPEE VALUE IS LOW •GRAB THE BEST BENEFITS ON NRI INVESTMENT Date 24 th (Sat) 25 th (Sun) August
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    • 1 7 Hospital
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  • SINGAPORE MARKETS
    • 575 8  -  Punting activity in the low-priced counters stays strong, even as blue chips continue to slide STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent IT HAS to be the ultimate irony –speculative penny stocks, some of which are rumoured to be heavily manipulated by Malaysian syndicates, look
      Source: Bloomberg  -  575 words
    • 4 8 DAILY
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    • 72 8 Aug 22 VALUE CLOSE BT OB/OS -579.00 BT CADI -*****.00 -56.00 BT 10-day MA -*****.00 -58.00 FTSE ST Mid Cap 736.44 -2.46 FTSE ST Small Cap 543.47 +1.15 FTSE ST All Share 757.02 -3.98 FTSE ST China Top 194.01 -0.35 FTSE ST China 226.37 -0.15 FTSE ST
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    • 57 8 VOLUME Albedo 1,177,863,000 Cedar 630,228,000 WE Hldgs 161,593,000 Geo Energy 152,946,000 Amplefield 136,956,000 Mirach Energy 107,680,000 HanKore 87,438,000 Albedo W*****9 74,267,000 Thai Beverage 73,526,000 GSH Corp 68,943,000 VALUE($) DBS Grp 144,222,947 OCBC Bk 111,772,534 SingTel 86,367,980 UOB 68,285,813 Geo Energy 60,728,730 Albedo 50,032,723 Mirach Energy 48,148,790 JMH
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    • 186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 7 2 0 0 0 5 7 2 Manufacturing 48 54 41 6 14 9 54 68 50 Commerce 21 25 19 9 2 2 30 27 21 Tpt/Stor/Comms 9 21 12
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    • BROKERS’ TAKE
      • 292 8 Aug 22 close: S$1.330 DMG Partners Research, Aug 22 PARKSON Retail Asia’s (PRA) revenue was relatively unchanged at S$103 million, mainly due to weak same-store-sales growth (SSSG) in Malaysia and its store closure at The Mall, Kuala Lumpur. Q4 2013 SSSG was plus 0.6 per cent for
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      • 392 8 Aug 22 close: S$0.455 OCBC Investment Research, Aug 22 THE Indonesian rupiah (IDR) has weakened some 7.4 per cent against the Singapore dollar (SGD) since June 28, with S$1 buying 8558.25 rupiah as at Aug 21, compared to 7922.96 rupiah on June 28. We understand
        392 words
      • 185 8  -  Compiled by ANDREA SOH Aug 22 close: S$4.99 DBS Vickers Research, Aug 22 SEMBCORP Industries (SCI) announced that its Oman JV, Sem- bcorp Salalah Power Water Co, will be listing the Salalah Independent Power and Water Plant (Salalah IWPP) on the Muscat Securities Market on Aug 28. Sembcorp
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      • 135 8 EPS earnings per share Ebit earnings before interest tax Ebitda earnings before interest, tax, depreciation amortisation FY fiscal/financial year H1, H2 first or second half NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first, second, or third quarter q-o-q quarter-on-quarter
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    • 123 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 29,614 29,614 79,736 79,736 Manufacturing 497,137 725,567 1,222,704 201,447 9,322 210,769 Commerce 202,537 1,402,834 1,605,371 152,802 65,971 218,773 Tpt/Stor/Comms 135,515 23,204 158,719 167,474 9,426 176,900 Finance 94,539 2,453 96,992 355,699 1,004 356,702 Construction 122,855 142,961
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    • 116 8 Stock name Close Change CapMallsAsia 1.870 -0.055 CapitaLand 3.070 -0.040 CapitaMall 1.895 -0.030 CityDev 10.080 -0.120 ComfortDelGro 1.810 -0.015 DBS Grp 16.060 -0.240 GLP 2.680 -0.040 Genting SP 1.360 +0.010 Golden Agri 0.520 +0.005 HK Land 6.730 -0.080 HPH Trust US$ 0.735 -0.005 JMH 54.980 +0.800
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    • 512 8 CURRENCIES Bloomberg [NEW YORK] The US dollar yesterday advanced to a two-week high against the yen as initial jobless claims over the past month fell to a five-year low, boosting the case for the Federal Reserve to reduce stimulus. The US currency
      Bloomberg; PHOTO: BLOOMBERG  -  512 words
    • 111 8 BY CENTS CLOSE UP GLD 10US$ ***** 106.3 0.6 JMH 5498 102.5 1.5 JSH 3310 76.9 1.8 STXPO 100 314 33.0 11.7 DBXT S&P Short 10US$ 2971 15.4 0.4 H Royal 317 12.0 3.9 Berger Int 25 11.0 78.6 DBXT MSRussia 10US$ 284 10.3 2.9 DBXT CSI300 10US$ 720
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    • 130 8 BY CENTS CLOSE DOWN DBXT Nifty 10US$ 8275 -312.6 -2.9 SPDRS S&P 500 10US$ ***** -156.3 -0.7 DBXT MSJAP 10US$ 4320 -126.8 -2.2 Lyxor Malaysia 10US$ 949 -74.3 -5.8 DBXT MSINDO 10us$ 1204 -71.7 -4.4 Lyxor MS India 10US$ 1097 -61.5 -4.2 CIMBAsean40 100US$ 990 -32.0 -2.5 DairyFarm 1076
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    • 5 8 DAILY
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  • Page 9 Advertisements
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  • SINGAPORE NEWS
    • 354 10 Bloomberg [SINGAPORE] GIC Pte, the Singapore sovereign wealth fund, is the buyer of Blackstone Group LP’s stake in London’s Broadgate office complex, according to two people with knowledge of the deal. GIC is buying 50 per cent of Broadgate, a cluster of
      Bloomberg  -  354 words
    • 449 10  -  Region’s consumers will shift from thrift to spendthrift in 10 years: ACI survey By ANNABETH LEOW leowhma@sph.com.sg THE plurality of consumers in Asia hews to the stereotype of fiscally prudent, hardworking savers, according to the Institute of Asian Consumer Insight (ACI), and this description
      449 words
    • 1138 10  - Holland Barrett aims to be everywhere soon Brought into Singapore by Jay Gee Health, the leading British health supplements brand is being marketed aggressively here By DORLISA SONG, ONG JIA MIN GRACE ZHAO WEN WEI The writers are students of NUS Business School JUST four years ago, Singapore’s retail health
      PHOTO: ARTHUR LEE  -  1,138 words
  • Page 10 Advertisements
    • 1491 10 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices TSITWING INTERNATIONAL HOLDINGS LIMITED (Incorporated in Bermuda) (Company Registration No.: *****) NOTICE TO CLOSE THE SHARE TRANSFER BOOKS AND REGISTER OF MEMBERS OF TSITWING INTERNATIONAL HOLDINGS LIMITED (THE “COMPANY”) NOTICE IS HEREBY GIVEN that the Share Transfer Books and Register of Members of the
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    • 330 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF INTERASIA INVESTMENTS PTE LTD (Registration No. *****6997N) (In Members’ Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50 the Final Meeting of the Company
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    • 67 10 Celebrating Singapore´s Enterprising Spirit 2013 This series is part of the Enterprise 50 Educational Project between the E50 partners and the NUS Business School. Jay Gee Enterprises Pte Ltd was among the winners in 2012. The annual E50 ranking is co-organised by The Business Times and KPMG, sponsored by OCBC
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  • PREMIUM PROFESSIONALS
    • 1196 11  -  There is scope for industry bodies and insurance companies in Singapore to help narrow the gap, reports TEH SHI NING TEH SHI NING tshining@sph.com. sg THE mismatch between skills and the insurance sector’s manpower needs is a global one, but it is felt more keenly here
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    • 786 11  -  Insurance sector’s demands for talent are wide and varied Reports by TEH SHI NING FROM specialist underwriters to claims experts, actuaries to risk managers Singapore’s insurance sector needs all of these and more. And the talent shortfall is not only in the specialised underwriting and
      786 words
    • 561 11 HE may have chosen to major in actuarial science a field closely associated with the insurance industry but as an undergraduate, Ng Jun Zhe wasn’t sure about a career in insurance. It was the mix of business, statistics and mathematics in
      561 words

  • Page 12 Advertisements
    • 329 12 0 STPROPERTY.SG The Best of Malaysia’s Properties Are In Town 25 August 2013,9:30 am to 4 pm Stamford Foyer, Level 4, Raffles City Convention Centre, 80 Bras Basah Road, Singapore *****0 ww J J ***zz *s*ZZ ■^CS.t' ,ou dA end T "™s conditionso My S f REE Registration Avoid the
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  • MALAYSIA/INDONESIA
    • 855 13 Regional markets rout pushed the currency to a 3-year low this week WP [SINGAPORE] The ringgit has weakened too much for an economy that’s set to perform better in the coming months, Malaysia’s planning minister said as a regional markets rout pushed the currency to
      WP; PHOTO: BLOOMBERG  -  855 words
    • 389 13 Cut to 9% from 10.5% aimed at boosting sales Bloomberg [JAKARTA] Indonesia, the world’s largest palm oil producer, will reduce the duty on shipments of the crude variety for the first time in four months to increase sales after prices tumbled to
      Bloomberg  -  389 words
    • 232 13 [KUALA LUMPUR] Malaysia Smelting Corp Bhd (MSC), the world’s second largest tin metal producer, is looking at expanding its mining operations in Malaysia and worldwide, with the focus on three minerals tin, tungsten and titanium said Mohamed Yakub Ismail, its group chief operating
      232 words
    • 682 13 Market feels issue is to refill Indonesia’s coffers again IFR [SINGAPORE] Indonesia’s announcement that it is meeting investors from today, ahead of a new potential dollar transaction less than two months after its most recent deal shows the difficult straits the country finds itself in.
      IFR  -  682 words
  • Page 13 Advertisements
    • 339 13 b I Batu Ferringhi, Penang y the sea 138 beachfront luxury suites on Batu Ferringhi, Penang tx iinf A; Only SGD 600K for a 1,204 sq ft Suite Bringing together the most discerning investors at one of the most exclusive Malaysian freehold properties Stretching across the coast of Penang island
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    • 80 13 MODERNAND CONTEMPORARY ASIAN ART EVENING SALE 1 SEP 2013 7:30PM AUCTION SUNDAY i» k y cr Trsrj?. Affandi (Ipanema Beach Brazil) vi/' K k sab s Lin Feng Mian (Lotus Pond) Chen Wen Hsi (Boats) > Vi e V |J M: •k J f'ji Walasse Ting (Beauty] 2 Srihadi (Borobudur)
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  • GREATER CHINA/INDIA
    • 618 14 He was indicted on charges of corruption, bribery, abuse of power NYT [JINAN, China] The trial of Bo Xilai, the fallen Communist Party aristocrat, began yesterday morning in a closed-door hearing in this eastern provincial capital, after security officers, journalists and some supporters
      NYT; PHOTO: AFP PHOTO / JINAN INTERMEDIATE PEOPLE’S COURT  -  618 words
    • 589 14 Reuters [BEIJING] A senior Chinese official put pressure on around 30 foreign firms including General Electric (GE) and Siemens at a recent meeting to confess to any antitrust violations and warned them against using external lawyers to fight accusations from regulators, sources said.
      Reuters  -  589 words
    • 535 14 Bloomberg [SINGAPORE] Mukesh Ambani, India’s richest man, is the biggest loser among the country’s billionaires as the rupee’s slump to record lows erased 24 per cent of his fortune. The chairman of Reliance Industries, operator of the world’s biggest oil refinery complex, has
      Bloomberg  -  535 words
  • Page 14 Advertisements
    • 2293 14 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices In the Court of small Causes at Mumbai (Bandra Branch) Marji Application No.56 of 2012 in RAE Suit No. 1074/3082 of 1989. M/s. Maharashtra Industries, A Registered Partnership Firm carrying on business at, 175 C.S.T.Road, Kalina Santacruz (East), Mumbai-400 094. Plaintiff Versus 1.
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    • 216 14 THE COMPANIES ACT (CHAPTER 50) THE COMPANIES REGULATIONS SECTION 227N/REGULATION 55 NOTICE OF JUDICIAL MANAGER TO CREDITORS OF FIRST MEETING Name of Company: Encus International Pte Ltd (Judicial Manager Appointed) Company No.: *****0777W (Under the Order for judicial management of the abovenamed company dated the 9th day of July 2013)
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  • ECONOMY WATCH
    • 597 15 Participation in non-govt issues hits 30-50%, up from 20% previously Reuters [SYDNEY] Asian investors are increasingly taking a shine to Australian bonds to diversify their portfolios, in a move that could support the falling Australian dollar but also complicate central bank efforts
      Reuters  -  597 words
    • 457 15 Reu ters [TOKYO] Japanese manufacturers’ optimism improved to the highest level in three years, a Reuters poll showed, as a weak yen boosted earnings for exporters of textiles, chemicals, steel and other metals. The index of sentiment derived from a monthly Reuters survey of
      Reuters; PHOTO: BLOOMBERG  -  457 words
    • 681 15 But it’s still far from the level before the financial crisis NYT [NEW YORK] Median household income has begun to recover over the last two years, but households still have not come close to regaining the purchasing power they had before the financial
      NYT; PHOTO: AFP  -  681 words
    • 603 15 Bank says biggest drag is consumer hesitation to spend Bloom berg [OSLO] Norway, western Europe’s biggest oil and gas producer and home to a US$760 billion wealth fund, is struggling to spur demand just as the rest of Europe surfaces from half
      Bloomberg  -  603 words
  • Page 15 Advertisements
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  • WORLD
    • 409 16 Index of key indicators climbs in July after remaining unchanged June LATEST US DATA Reuters [NEW YORK] US manufacturing activity hit a fivemonth high in August as hiring picked up and new orders increased at their fastest pace since January, an
      Reuters  -  409 words
    • 649 16 Seven million customers to get compensation AFP [LONDON] Britain’s banks face a bill of £1.3 billion (S$2.6 billion) to compensate millions of customers who were mis-sold credit card and identity protection insurance, regulators said yesterday, in the latest blow to the scandal-hit sector.
      AFP; PHOTO: REUTERS  -  649 words
    • 531 16 Reu ters [NEW YORK] Abercrombie Fitch Co, Aeropostale Inc and American Eagle Outfitters Inc have fallen out of fashion with fickle US teen shoppers and aren’t likely to win back their business any time soon. The retailers, known as the “3As”, have
      Reuters; PHOTO: REUTERS  -  531 words
    • 240 16 Reuters [LONDON] British retailer the John Lewis Partnership said that it had discovered an error in calculating pay to staff who work Sundays and bank holidays that would cost £40 million (S$80 million) to fix. The employee-owned retailer, that runs department stores
      Reuters  -  240 words
    • 239 16 Reu ters [WASHINGTON] Bradley Manning, sentenced to 35 years in military prison for the biggest breach of classified US documents in US history, said in a statement yesterday that he is female and wants to live as a woman named Chelsea. “As I transition
      Reuters; PHOTO: AFP  -  239 words
    • 570 16 Bloomberg [BOSTON] President Barack Obama, in a bid to restrain escalating higher education costs, will call for tying federal financial aid to a new US government ranking of college costs and outcomes, the White House said yesterday. The plan would rank similar
      Bloomberg  -  570 words
    • 457 18 AP [TOKYO] Japan’s nuclear watchdog says a leak of highly radioactive water at the crippled Fukushima nuclear power plant could be the beginning of a new disaster: a series of leaks of contaminated water from storage tanks. The plant operator has built
      AP; PHOTO: AP  -  457 words
    • 455 18  -  Abe begins four-day visit to Bahrain, Kuwait, Qatar and Djibouti tomorrow By in ANTHONY ROWLEY in Tokyo JAPAN’S growing role in the Persian Gulf will be underscored this weekend when Prime Minister Shinzo Abe makes his second visit to the region this
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    • 471 18 August PMI climbs to 51.7 from last month’s 50.5 Reuters [LONDON] Business activity across the eurozone has picked up this month at a faster pace than expected, surveys showed yesterday, led by Germany as it benefited from growing demand for its exports. Survey compiler Markit’s
      Reuters  -  471 words
    • 577 19 Q3 results show revenue declines across most of the firm’s businesses Bloomberg [SAN FRANCISCO] The roadblocks to Hewlett-Pack-ard Co’s (HP) turnaround are mounting. Meg Whitman, hired as chief executive officer almost two years ago to revive the storied Silicon Valley computer maker,
      Bloomberg  -  577 words
    • 542 19 AFP [SYDNEY] Embattled Australian Prime Minister Kevin Rudd warned yesterday that he was nowhere near being “dead and buried” after a debate in which election rival Tony Abbott asked: “Does this guy ever shut up?” Labor’s Mr Rudd and his conservative
      AFP; PHOTO: AFP  -  542 words
    • 554 19 WP [WASHINGTON] The Consumer Financial Protection Bureau said on Wednesday that it has launched investigations into banks and other financial firms after finding many problems in the way they service residential mortgages. In the aftermath of the housing crash, the haphazard work of some
      WP  -  554 words


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    • 2751 20 / 21 ENVIRONMENTAL CHAMPIONS CLINCH TOP AWARDS SINGAPORE ENVIRONMENT COUNCIL HONOURS CORPORATE LEADERS IN ENVIRONMENTAL STEWARDSHIP EY a National Environment Agency PUR r Ma q NCCS Ehercy M 1R' E r iNG S Winners of the Singapore Environmental Achievement Awards 2013 posing For a photo with Guest-oF-Honour, Dr Vivian Balakrishnan, Minister For
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  • EDITORIAL & OPINION
    • 505 22 EDITORIAL IT WOULD seem that the administration of Philippine President Benigno “NoyNoy” Aquino had done all the right things in the past three years. Economic growth in 2013 is expected to buck the slowing trend in South-east Asia. The International Monetary Fund has
      505 words
    • 826 22  -  THE BOTTOM LINE LEON HADAR Washington Correspondent “WALK Like an Egyptian” the title of the 1986 hit by the Bangles was inspired by a scene in ancient Egyptian reliefs that songwriter Liam Sternberg had seen. It showed people walking awkwardly to keep their balance. The
      826 words
    • 1069 22  -  If Beijing slows down overseas investments, it’ll deal a severe blow to emerging markets By UWE BOTT The writer is the chief economist of The Globalist Research Center. This article first appeared in the online magazine ‘The Globalist’ AFTER several years of riding
      PHOTO: AFP  -  1,069 words
    • 1049 23  -  The zone’s leaders need to pursue a strategy that integrates the emphasis on reform into a wider context By YIANNOS PAPANTONIOU The writer, Greece’s former economy and finance minister, is president of the Centre for Progressive Policy Research, an independent think tank Project Syndicate [ATHENS]
      Project Syndicate; PHOTO: BLOOMBERG  -  1,049 words
    • 959 23  -  By NOAH FELDMAN The writer, a law professor at Harvard University and the author of ‘Cool War: The Future of Global Competition’, is a Bloomberg View columnist. Follow him on Twitter at @NoahRFeldman. Bloomberg FORGET Client No 9. If you want
      Bloomberg; PHOTO: REUTERS  -  959 words
    • 239 23 LETTER TO THE EDITOR WE refer to the article “Pay disclosure by listed firms not ideal” (BT, Aug 13). In Singapore’s disclosure-based regime, listed companies and trusts are responsible for the standard and quality of their disclosures. Company directors who authorise the
      239 words


  • AVIATION/SHIPPING
    • 609 24 Banking on emerging markets with fastgrowing middle class creating big demand Reuters [COPENHAGEN] APM Terminals, the ports arm of Danish shipping and oil group AP Moller-Maersk, is investing heavily in fastgrowing Africa and Russia to compensate for lack of growth in mature markets
      Reuters  -  609 words
    • 455 24 It rejects alternative site offer, claims unfair rivalry AP [BUENOS AIRES] Latin America’s largest airline has said that an Argentine government order to vacate its hangar at the downtown Buenos Aires airport would force it to stop operating domestic flights in the country and
      AP; PHOTO: REUTERS  -  455 words
    • 831 24 Reuters [WASHINGTON] The US government has slashed its estimate for the long-term operating costs of Lockheed Martin Corp F-35 fighter jets by more than 20 per cent to under US$1 trillion, according to a senior defence official a move that could
      Reuters; PHOTO: REUTERS  -  831 words
    • 247 24 SGX '000 Aug 22 S$ +/-Vol CH Offshore 0.41 -0.01 30 Chuan Hup Hldg 0.25 unch 610 Cosco Corp 0.69 -0.01 2155 CWT Ltd Ezra Hldgs 0.84 unch 1918 First Ship Lea Freight Links 0.13 unch ***** Grand Banks unch unch 0 Jaya Hold Ltd 0.61 unch 502
      247 words
    • 577 24 Bloomberg [TOKYO] Mitsubishi Heavy Industries Ltd’s aircraft unit, which is making Japan’s first regional passenger jet, pushed back the delivery of its first plane by more than a year after delays in certification. Mitsubishi Aircraft Corp will hand over its first regional jet in
      Bloomberg  -  577 words
  • Page 24 Advertisements
    • 30 24 I SMAPORES 1 HOT “>rre!T WTS LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG I FACEBOOK.COM/HOTFMSG 3* HOTFMSG
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  • 2334 25 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH
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  • Page 25 Advertisements
    • 70 25 Legal services required by shippers owners Can they find your services here in the Shipping Times? the business times TO ADVERTISE, CALL JOE WONG AT 9620 1327 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? Shippers looking for Warehouse Can they find
      70 words
    • 18 25 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
      18 words

  • Page 26 Advertisements
    • 81 26 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II I FREIGHT FORWARDER urgently needed by shippers i Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 the business
      81 words
    • 19 26 USE THIS SPACE TO SELL CALL JOE WO IMG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times
      19 words

  • SINGAPORE STOCKS
    • 3215 27 Transaction date: Aug 22 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote 11.5 7 AEM --AAT M Cap 188 106 AIMSAMPIReit 139 +1 931 139 135 137
      3,215 words
    • 229 28 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale C000) High Low Buyer Seller C’vr P/E Smil 724
      229 words
    • 11142 28 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd Aberdeen Asset Mgt Asia Limited 1.1/ Aberdeen Asset Mgt Asia Limited Global Emerging Markets!** EM local Cty Bond 0.9166/ European Opportunities!" 1.2461/ Global Emerging Markets!” Global Opportunities/” 1.7807/ 0.9576/ Global Emerging Markets USD 0.507/ Global Opportunities USD Indonesia Equity!” 1.8101/
      11,142 words
    • 262 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 53.5 25 AVJennings A50 unch 94 53.5 50 51 52 3.6 7 4.1 185.1 52 31 Genting HK US$ US42 +0.5 5252 42 41.5 41.5 42 2765.5
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    • 908 28 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF Last 143 120.4 CIMB APAC Div 100S$D 129.1 -4.4 5 129.1 129.1 129.1 130 114.4 99 CIMB APAC Div 100US$
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  • FINANCE & COMMODITIES
    • 594 29 Aug 22 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.05 *****.33 *****.73 Sep13 *****.00 *****.00 *****.00 *****.00 *****4 *****4 Dec13 *****.00 *****.00 *****.00 *****.00 154 ***** MSCI TAIWAN INDEX FUTURES SPOT 273.63 275.10 271.76 Aug13 268.60 273.40 268.60 271.20 6265 *****8 Sep13 267.80
      594 words
    • 373 29 In local curr In S$ In US$ dy yr dy yr dy yr Aug 21 Index Change Change Change Change Change Change World Preliminary 1065.6 -0.5 13.6 -0.4 16.6 -0.7 11.3 EAFE Preliminary 873.0 -0.5 12.7 -0.6 13.2 -0.9 8.0 Europe Preliminary 1252.0 -0.7 9.1
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    • 471 29 Aug 22 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.944 5.516 0.675 6.989 58.413 97.437 0.885 10.115 2.980 1.148 93.310 39.813 1.155 9.293 0.833 27.080 28.868 0.578 0.901 Canada 1.059 5.841
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    • 49 29 Aug 22 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 1 mth 2 mths 0.***** 3 mths 9 mths 12 mths Source: Thomson Reuters
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    • 88 29 Aug 22 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.25 6-Month BS*****A 21-Feb-14 0.28 1-Year BY*****H 02-May-14 0.29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 100.02 5-Year N*****0T 0.5 01-Apr-18 97.41
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    • 134 29 Aug 22 GOLD(US$/oz) Aug 21 Aug 22 Hong Kong 1374.00 1378.00 Aug 20 Aug 21 London 1373.32 1368.59 1374.12 1369.45 Source: Thomson Reuters CAST BAR Aug 22 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 126 56 5gm 359 281 10gm 641 561
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    • 57 29 Aug 22 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 13 2395.0 2393.0 2404.0 2380.0 474 4110 Oct 13 2349.0 2351.0 2374.0 2334.0 6006 ***** Nov 13 2330.0 2335.0 2362.0 2318.0 ***** ***** Dec 13 2327.0 2328.0
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    • 109 29 Aug 21 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 13 1333.00 1309.25 1335.75 1304.25 Nov 13 1304.00 1290.50 1319.00 1285.50 Jan 14 1305.50 1291.75 1320.00 1287.50 Mar 14 1281.50 1271.00 1296.50 1268.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 13
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    • 95 29 Aug 21 COCOA (£/tonne) Close Prev High Low Sep 13 1618 1654 1653 1609 Dec 13 1623 1660 1661 1613 Mar 14 1604 1642 1641 1595 May 14 1604 1640 1639 1595 COFFEE(US$/tonne) Close Prev High Low Sep 13 1827 1858 1862 1822 Nov 13 1829 1850 1857 1818
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    • 1137 29 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4.1 unch 124 0.0 5 -40 59 Asia-Pacific Strategic W*****6 Ratio Exer Albedo Limited W*****9 3.5 0.3 ***** AlliedTech W*****2 Disc Ascendas Reit MB ECW*****3 3.2 0.2 240
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    • 70 29 CRUDE OIL PRODUCTS Aug 21 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 109.98 0.02 WTI (Near Mth) 103.96 -1.20 Dubai (1-Mth F) 105.76 0.35 Tapis blend 116.50 0.24 Minas 109.20 0.24 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.39 0.83 Jet Kerosene 124.12 0.13 US$/barrel OpecOil Basket
      70 words
    • 23 29 Aug 22 S$ S$ Bid Offer 1-month 1.2810 1.2819 2-months 1.2809 1.2819 3-months 1.2809 1.2820 6-months 1.2810 1.2822 Source: OCBC
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    • 66 29 Aug-21 Aug-21 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1848.25 1865.25 3 months 1897.00 1914.50 Copper, Grade A(US$/tonne) Cash 7209.75 7289.50 3 months 7240.00 7320.00 Lead(US$/tonne) Cash 2201.50 2241.50 3 months 2213.00 2247.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months
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    • 155 29 Aug 22 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1542 1.1554 0.9010 0.9013 Canadian dollar 1.2222 1.2232 0.9542 0.9541 Euro 1.7104 1.7118 1.3352 1.3354 NZ dollar 1.0052 1.0065 0.7847 0.7852 Sterling pound 1.9981 2.0000 1.5598 1.5602
      155 words
    • 121 29 As at 9am Aug 22 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.176 1.120 Can dollar 1.248 1.200 Euro 1.754 1.671 Sterling pound 2.045 1.967 NZ dollar 1.028 0.989 US dollar 1.313 1.251 Local dollars to 100 units of foreign
      121 words
    • 161 29 Aug 22 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.06 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.50 0.30 9 months 0.60 0.40 12
      161 words

  • PROPERTY
    • 946 30 TripAdvisor to delete old negative reviews for hotels having major renovations NYT [NEW YORK] New York City hotels are at the forefront of a boom in complete makeovers, after years of lower capital spending caused by the steep economic downturn. For hotels that
      NYT; PHOTO: NYT  -  946 words
    • 906 33 Zillow’s US$50m buyout of property search site shows its dominance in the city Bloomberg [NEW YORK] Zillow Inc’s purchase of StreetEasy for US$50 million shows how dominant the listings website has become in the New York City real estate market seven years after it was
      Bloomberg; PHOTO: BLOOMBERG  -  906 words
    • 862 34 Rising interest rates may damp home sales and demand for their items Bloomberg [GREENSBORO] Tina Bailey is spending US$20,000 to create a master suite and may buy the bathroom fixtures from Home Depot Inc or Lowe’s Cos. “It’s going to increase the
      Bloomberg; PHOTO: AP  -  862 words
  • Page 30 Advertisements
    • 731 30 D04 HOUSE FOR SALE SENTOSA COVE Sentosa Cove White minimalist Stunning panorama waterway Bunglw. Purity of modern interiors! Approx 10k sf! 4+1+1 ensuite! $25.8mil. Sole Agent D04 HOUSE FOR SALE SENTOSA Sentosa Cove way. 8100/ ***** sqft bungalow. 6+1+ basement. Lift, pool, berth, jacuzzi, beach. Call Veron 9455 0898 D05
      731 words

  • Page 31 Advertisements
    • 286 31 D02 APARTMENT FOR SALE TANJONG PAGAR F’hold. Mins to MRT. 56 units (1+1, 3+1). 7 shops 6 restaurants. Launching soon! Register now! D03 APARTMENT FOR SALE ASCENTIA SKY Ascentia Sky 4-bdrm 1851 sqft. Pool view. Low flr Vacant! Asking $1590psf. Genuine seller! Call Gelene 9011 0080 D04 APARTMENT FOR SALE
      286 words
    • 189 31 D09 APARTMENT FOR SALE URBAN RESORT 15% disc! Freehold. From $24xx psf. 3 rooms, 2121 sqft, fr $5.2m. 4 rooms, 2530 sqft, fr $6.6m Penthse 4693 sqft, fr $13m www.starcondo.com.sg D09 APARTMENT FOR SALE URBAN RESORT Freehold Orchard. 2xxm to Paragon, MRT. Fr 2121 sf, all ensuite, pte lift. Near
      189 words
    • 313 31 D11 21 APARTMENT FOR SALE SYMPHONY HEIGHTS Freehold Upper Bt Timah. 2-bedroom. 926 sqft. High flr. Landed facing. A1 cond. Wendy 8223 2193 D14 APARTMENT FOR SALE WATERBANK DAKOTA Rare! Waterbank Dakota. 4 bdrms. High floor, MBS seaview. Near city Dakota MRT. $2.5xm. Almost sold! Hurry! D16 APARTMENT FOR SALE
      313 words
    • 164 31 D19 APARTMENT FOR SALE REGENTVILLE Almost sold! Sell below value! 3 bedrm 1151 sqft. Near Rosyth Sch. Move in neg. 9048 0660 Ong D19 APARTMENT FOR SALE SUNGLADE 3+1, 1163sqft, Renovated, opposite NEX Shpg Mall/ Serangoon MRT. Full facilities. Karen 8138 2125 D19 APARTMENT FOR SALE THOMSON THREE Prestigious Condo
      164 words
    • 181 31 D09 HOUSE FOR RENT KIM YAM A Rare Exceptional Hse in the city! River Valley, Mins walk to Orchard Rd. Amazing living rm loft. 4-bdrms+study+maid. Approx 4,700sf. *****280 D10 HOUSE FOR RENT THIRD AVENUE D10 Good Class Bungalow. Third Avenue, Hilltop 20K sqft. 6+1. Big patio. New aircons and windows.
      181 words

  • Page 32 Advertisements
    • 173 32 D19 HOUSE FOR RENT BUNGALOW Beautiful Serangoon Garden Bungalow (Near US, French Australian Schools) 10 rms. Park 8 cars. Excellent amenities. Ask $12K neg. Call 9663 8128 D20 HOUSE FOR RENT JALAN PINTAU Jalan Pintau 2-sty Corner Terrace. Partial furnish, 3+1 bedroom. Built-in 2000 sqft. Move-in immed. Call Ken 9072
      173 words
    • 176 32 D10 APARTMENT FOR RENT SOMMERVILLE GRANDEUR Low rise, Spacious 1830 sqft. 3+1, Well reno. Near F/facilities. MRT/mkt. neg. 9733 3368 Cindy D10 APARTMENT FOR RENT SPRING GROVE 3+1 bedrooms, high floor, partial furnished. Available immed. Asking $6.2K. Call 9815 7047 D11 21 APARTMENT FOR RENT NEWTON SUITES 2-Bedrooms. 797 sqft.
      176 words
    • 808 32 D15 APARTMENT FOR RENT VERTE 3 room ground floor. P/furnished, Face Greenery 1270 sqft, $4,500 Near MRT. Stanley Lee 9299 8000 D27 APARTMENT FOR RENT THE ESTUARY Fully furnished 4+1 rms. Near MRT, shopping. Pool/ reservoir view. Short-term/ long term. Immediate. Francis 8300 2586 D02 OFFICE FOR SALE INTERNATIONAL PLAZA
      808 words

  • Page 33 Advertisements
    • 488 33 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements The Game is Changing International WAT3 Property Opportunities Await! 'X Iskandar Malaysia 9 SB I Hatten Suites Breeze Residences -K v 1 Jl \SVl a A Tropicana Danga Bay 1 n> SAUL jaL .11/ Ad. a T55i -a 9. I 77) e
      488 words

  • Page 34 Advertisements
    • 219 34 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements NEW LAUNCH! Vr- t 1 r■V -6(U “V v. n 'V, N m m i m I SMI RESIDENCES <r» Compact 1 Bdrm Units from 419sqft Belinda Lee 9765 9740 CEA Reg. No.: R*****4B Welcome to our Showsuites DTZ Great World City
      219 words
    • 128 34 K %s Call *****400 enquiries@residencesatreflections.com.sg Luxurious waterfront residences FOR LEASE within walking distance to VivoCity and 5 minutes drive to Central Business District Fully furnished 2- 3-bedroom apartment suites and 4-bedroom penthouse Kitchen equipped with build-in appliances and washing machine from Miele Complimentary broadband internet access Lush landscaped grounds with
      128 words

  • executive lifestyle
    • 1239 35  -  As the world’s wealth tilts east, fiction writers examine its impact on Asia. ByHELMI HELMI YUSOF I N the deliciously funny Crazy Rich Asians by Kevin Kwan, there is a hilarious scene where Singaporean rich girl Astrid Leong is poorly treated at a chic Parisian boutique because
      1,239 words
    • 735 35  -  Reviewed by HELMI YUSOF helmi@sph.com,sg CRAZY RICH ASIANS By Kevin Kwan $29.90, 416 pages CRAZY Rich Asians is quite possibly one of funniest social satires ever written about Singaporeans. It reads like a cross between Anthony Trollope and Singapore Tatler.
      735 words
    • CINEMA
      • 548 36  -  By DYLAN TAN dylantan@sph.com.sg DIRECTORS often give their films a distinctive look and anybody who has watched the works of Nicolas Winding Refn will notice his penchant for bathing his scenes in bright neon colours. There’s a reason for that the Danish filmmaker is colour-blind.
        548 words
      • 636 36  -  TANfinds the no-holds-barred Kick-Ass 2 a guilty pleasure DYLAN TAN THERE are a couple of things that make Kick-Ass more than just your average summer superhero franchise for one, the characters feel more real because they are ordinary human beings who don’t
        636 words
      • 591 36  -  By GEOFFREY EU THE silly season is almost over but just when you thought it was safe to go back into cinemas, along comes The Mortal Instruments: City of Bones to spoil your day. This Twilight wannabe, based on the first in a
        591 words
    • MUSIC/ARTS
      • 792 37 The star, who will perform here next month, tells GEOFFREY EU what keeps him going HE was a coal miner’s son from Pontypridd who became a Welsh prince of Bel Air but even now, after a 50-year career spanning multiple musical genres
        792 words
      • 815 37  -  By KELLY TAY kellytay@sph.com.sg WHEN a ragtag group of teenage boys first approached Chan Tze Law in 2006 for help they wanted to set up their own volunteer orchestra the maestro had doubts that the ambitious idea would work. “I said to them, ‘Well, if
        815 words
      • 818 37  -  By CHEAH UI-HOON uihoon@sph.com.sg WHO was Marco Hsu? That’s a question that would stump most Singapore art fans and even art students. More will get to know this name over the course of the next two years, however, with an exhibition at the
        818 words
    • ARTS
      • 1056 38  -  Christie’s, the world’s most famous auction house, is set to take on China, reports HELMI YUSOF HELMI YUSOF helmi@sph.com.sg NEXT month, Christie’s will host its first auction in mainland China. It is the first foreign auction house to be allowed to operate independently in China, whose art
        1,056 words
      • 524 38  -  By HELMI YUSOF helmi@sph.com.sg CAN mental illness be turned into a musical with a patient singing and dancing about how she’s, well, crazy? Yes, and very successfully too. So successful, in fact, that the musical earned 11 Tony Award nominations and won three, and nabbed
        524 words
      • 399 38  -  By CHEAH UI-HOON uihoon@sph.com.sg IN its 16th year, Singapore theatre company Stages’ annual Chestnuts staging which spoofs popular movies and theatre shows as well as the country’s socio-politi-cal news and happenings is indisputably a Singaporean tradition now, guaranteed to set the audience
        PHOTO: OLIVIA NG  -  399 words
      • 666 39  -  Works by six Generation Y artists show why the US contemporary art scene is thriving. By CHEAH UI-HOON NEVER mind the country’s depressed economy. The contemporary art scene in America is thriving and moving on an upwards trajectory that’s defying the US’s other economic
        666 words
      • 496 39  -  By RACHEL LOI rachloi@sph.com.sg WHETHER you’re an arts fanatic with a museum season-pass or just a passer-by in need of a weekend pick-me-up, you’ll find something to suit your fancy at the upcoming Singapore Night Festival a veritable buffet of activities set to brighten up
        496 words
      • Around Town
        • Article, Illustration
          262 39 Shun-Kin. Catch an all-Japanese cast in a play inspired by the works of Japanese writer Junichiro Tanizaki and directed by English director Simon McBurney at the Esplanade Theatre next weekend. Shunk-Kin tells the story of a rich and beautiful player of the shamisen (a plucked string instrument) and her
          262 words
        • 133 39 33 Auction's sale of Modern and Contemporary Asian Art. More than 80 paintings and sculptures by South-east Asian and Chinese artists will go under the hammer next Sunday. Curated by one of Singapore’s four registered fine art auction houses, 33 Auction, the works up for sale include those by
          133 words
        • 135 39  -  Compiled by RACHEL LOI rachloi@sph.com.sg George Benson. Multi-Grammy award-win-ning musician George Benson is stopping in Sin- gapore to perform at the Kallang Theatre for one night as part of his Greatest Hits and Inspiration Tour. Benson has produced over 40 albums since he started his career in 1964, and
          135 words
    • WINE
      • 1114 40  -  YONGrues the fact that he did not stock up on Chablis in the 1980s and 90s NK YONG EVERY time I drink a glass (or two) of old Chablis I ruefully regret that I had not bought more of them back in the late 1980s and
        1,114 words
      • 1275 40  -  By ERIC ASIMOV NYT [BEAUNE, France] Many vintages ago, the négociants, or wine brokers, were considered the big, bad guys of Burgundy. In their barrel rooms in this small city, they controlled the fortunes of hundreds of small growers, unilaterally setting the prices they would
        NYT; PHOTO: BLOOMBERG  -  1,275 words

  • Page 36 Advertisements
    • 151 36 This hotsite great and is packedwith travel news deals! Download the sgtravellers app now! YOUR CHANCE TO BAG A FREE HOLIDAY! Download this app from the Apple App Store or Google Play NOW and you could win one of these fabulous prizes: 10 pairs of Tigerair tickets to 5 exciting
      151 words

  • Page 37 Advertisements
    • 35 37 •JSft *0- .1 iOU-i «fh n 'V ir n —pm W1I«1I1|IIUIHH MI J, 4. ■pj. y,. k. Ergo: Travel 1 www.eK30-travgl.com Customised travel specially-designed small group tours or call us +65 3157 1335 TA 1819
      35 words

  • Page 38 Advertisements
    • 49 38 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY SHOWING THE WAY PM Lee spells out the Government's plan for a better future for the country and its citizens mr.** I 1 i Shah Rukh Khan on his surrogate, baby GET YOUR COPY TODAY FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST
      49 words

  • Page 39 Miscellaneous
    • 335 39 CRYPTIC CROSSWORD Across 1 Possible murder weapon is hot clue at first (4,6) 6 Gamble pawn in short time (4) 9 Group bent on dominating the old woman’s street (6,4) 10 Aquatic creature in ocean and lake (4) 12 Feel longing when away from girl (4) 13 Fanatic keeping slim
      335 words

  • Page 40 Advertisements

  • The Business of Time
    • 552 1  -  By Chuang Peck Ming W ITH the big Chinese customers cutting back spending on luxury goods, no thanks to the new Chinese leaders’ anti-corruption drive, it’s no surprise that Switzerland’s watch exports hardly grew in the first six months of the year. Shipments from the world’s biggest exporter
      552 words
    • 1610 2  -  Blue is the new horological black, as designers take a shine to the colour, along with other innovations and highlights of new watches launched this year, reports TIMMY TAN TIMMY TAN The writer is a watch enthusiast “Blue is the new black,” is pretty
      1,610 words
    • 1592 6  -  The more complications a watch packs into its tiny frame, the better for both its makers as well as the state of the art, reports SU JIA XIAN SU JIA XIAN The writer, a graduate from the Singapore Management University, has been keen on watches since
      1,592 words
    • 655 8  -  Rolex’s Cosmograph Daytona fetes the 50th anniversary of the Daytona races, reportsCHUANG PECK MING CHUANG PECK MING FIFTY years ago, arguably the world’s most famous and coveted chronograph wrist watch was born Rolex’s Cosmograph Daytona, created for drivers who took part in the famous 24-hour
      PHOTO: AFP  -  655 words
    • 189 8  -  Chuang Peck Ming ROLEX presented a colourful collection of new models, which were unveiled in April. Apart from the updated Daytona, which sports an ice-blue face ringed by a chestnut-brown bezel to match its platinum identity, Rolex has also added colour to another of its
      189 words
    • 858 10  -  Patek Philippe broke its own records in crafting complications when it unveiled the Sky Moon Tourbillon Ref 6002, reportsCHUANG PECK CHUANG PECK MING FEW thought Patek Philippe could do a better wrist watch than the Sky Moon Tourbillon Ref 5002. Packed with 12 complications on two
      858 words
    • 814 10  -  By CHUANG PECK MING PATEK Philippe’s advertisement tag-line is: “You never actually own a Patek Philippe. You merely look after it for the next generation.” This also suggests that a Patek watch is made to last, at least, beyond your lifetime. Indeed, the family-owned Swiss watch
      814 words
    • 1276 12  -  Minute repeater chimes soar beyond expectations to mimic birdsong and even blockbuster movie soundtracks such as Star Wars and Star Trek, reportsALVIN WONG ALVIN WONG Alvin Wong is a freelance lifestyle journalist. He harbours dreams of writing Singapore’s first Grammy award-winning song one day HOROLOGISTS
      PHOTO (SIHH): REUTERS  -  1,276 words
    • 723 16  -  Business watches that are discreet, sturdy and designed with restraint make the cut, reportsALVIN ALVIN WONG LIKE your clothes, there are differences between watches for work and watches for play. If one is astute enough to observe decorum with his work wear, then that tact ought
      723 words
    • 194 16  -  By CHUANG PECK MING FOR over a decade Louis Vuitton’s Tambour evolution has been defined by its uniquely shaped case, eight-sided crown and side engraving with the 12 letters of the brand. It has been given a new masculine makeover aimed at the modern, urban, globetrotting
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    • 788 20  -  A new CEO is shaking things up at Audemars Piguet. Among the slew of changes, Francois-Henry Bennahmias’s slashing of prices for gold watches has made both the industry and customers sit up and take notice, reportsCHUANG PECK MING CHUANG PECK MING FRANCOIS-HENRY Bennahmias, who was
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    • 341 20  -  By CHUANG PECK MING THE Master of Complication has raised the bar for complicated watchmaking by another notch with its new Thunderbolt Tourbillon. Designed and built completely in-house, it’s supposed to be the fastest tourbillion created. “Unlike traditional tourbillons that take 60 seconds
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    • 922 22  -  IWC revamped its Ingenieur line to ride on its new Formula One partnership, reportsCHUANG CHUANG PECK MING THANKS to IWC’s new three-year sponsorship deal with the Mercedes AMG Formula One Team, making the watchmaker the team’s Official Engineering Partner, the good old “Inge” has morphed into
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    • 797 22  -  By CHUANG PECK MING BIG names in watchmaking like to make you think that the mechanical timepieces they make are made mostly in the old way by the hands of master watchmakers who work with traditional tools. Hand-made watches are deemed to be better-made than those
      797 words
    • 1151 23  -  Walking down the pristine aisles and showrooms of the Longines museum in Saint-Imer makes for an eye-opening experience, reportsCHUANG PECK MING CHUANG PECK MING WHEN the Longines museum was reopened to the public late last year, after a major overhaul, Walter von Kanel was
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    • 1400 24  -  Founded in 1865, Zenith was fading slowly until maverick CEOs Thierry Nataf and Jean-Frederic Dufour took over the reins from 2001. They helped bring the brand into the modern era, writes su jia xian SU JIA XIAN IN its heyday Zenith was one of the largest watchmakers
      PHOTO: REUTERS  -  1,400 words
    • 620 26  -  33 established watch brands come together in Monaco in aid of children’s charities, reportsCHUANG PECK MING CHUANG PECK MING THE 5th Only Watch Charity Auction, seen as the world’s first watch auction for charity, is to take place in Monaco next month. Money raised in
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    • 461 26  -  By CHUANG PECK MING THE first “Duncan Watch” unveiled in 2010 in memory of the late watch collector and philanthropist Duncan Wang and to raise money to help kids with chronic illnesses, was a unique version of Vacheron Constantin’s Les Historiques 1921. It raised $60,000 at
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    • 683 29  -  Omega’s ground-breaking anti-magnetic innovation sets a benchmark for the future, reports CHUANG PECK MING CHUANG PECK MING SOME day all Omega watches will be made like the Omega Seamaster Aqua Terra ***** Gauss truly anti-magnetic, almost, at least. As its name suggests, the timepiece, launched at this
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    • Article, Illustration
      327 30  -  Sports fans can get in touch with their dark side with the new Omega release called ‘The Dark Side of the Moon’, reportsCHUANG PECK MING CHUANG PECK MING WE are not referring to Pink Floyd’s hit album, but “The Dark Side of the Moon” is the first
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    • 443 30  -  By CHUANG PECK MING IT was the first practical new watch escapement in some 250 years and signalled a revolution in mechanical watchmaking, according to Omega. “Invented by the late (British) master watchmaker, Dr George Daniels, in the 1970s and industrialised by
      443 words
    • Article, Illustration
      503 32  -  The world’s thinnest luxury watch is among Jaeger-LeCoultre’s stunning releases for its 180th anniversary, reportsCHUANG PECK MING CHUANG PECK MING ANTOINE LeCoultre would be proud of the watch-making company he started if he were alive today. Jaeger-LeCoul-tre has not only survived but thrived as the company kept up
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    • 291 32 TAG Heuer’s Carrera celebrates its 50th birthday this year. The model has much to celebrate. It is the first sports watch made for motor-racing drivers. Six years after its birth, the Carrera timepiece was the world’s first watch to house an automatic chronograph movement. In
      291 words
    • 978 34  -  The Serpenti bracelet is synonymous with Bulgari’s signature and style of jewellery, cutting a swathe in both the fashion realm and Hollywood, writes CHUANG PECK MING CHUANG PECK MING THIS being the Year of the Snake in the Chinese Calendar, watch brands have been rushing to
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    • 447 34 CHANEL made a big impression when it first appeared at the Basel watch show in Geneva 10 years ago. The J12 White it launched there has come to set the trend for white timepieces. White is now a must-have colour in watchmaking and the J12 has
      447 words
    • 904 36  -  Also called HEQ watches, they feature better materials and finishing, with some releases even offering exotic complications not found in mechanical watches, reportsKELVIN LEE KELVIN LEE The writer is an associate director in a professional services firm MANY of us associate quartz watches with the $10 watches sometimes
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    • 839 36  -  By KELVIN LEE EVEN as the world was 10 months away from its first satellite, the Soviet Sputnik, American watchmaker Hamilton announced the “World’s First Electric Watch” on Jan 3, 1957. Named the Hamilton 500, this electric “Watch of the future” never needed winding and was an
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    • 1124 40  -  Carole Forestier-Kasapi wowed the watchmaking world by being awarded Best Watchmaker of the Year at the Grand Prix d’ Horlogerie de Geneve. CHUANG PECK MING finds out from her about the path going forward. CHUANG PECK MING CAROLE Forestier-Kasapi is one of the few rare women
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    • 371 40 THE first thing you notice is the watch’s case, which is unusually oval in shape. What is are less obvious is even more intriguing the telescopic hands of the timepiece. They extend and retract as they sweep the oval-shaped dial so that they can always trace a
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    • 869 41  -  Few brands can boast the added clout of being hailed by mega-stars the way Panerai’s watches can, reportsCHUANG PECK MING CHUANG PECK MING THREE of Panerai’s new watches launched this year belong to its Luminor Submersible 1950 line: 2500m 3 Days Automatic Titanio; 3
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    • 444 42  -  Retailers have cause to celebrate this year as Chopard unveils its new mechanical Happy Sports watch to mark the collection's 20th year, reports CHUANG PECK MING CHUANG PECK MING IT’S a year of double happiness for Chopard. Happy Sports, a key line of timepieces
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    • 235 42  -  By Chuang Peck Ming SITTING on the bezel of this timepiece’s 40mm rose gold case which houses an automatic movement is “an intricately gold-sculptured elephant with an emerald-set eye in a ceremonial dress”. This is topped by a dial with lacquered coloured designs to complement the
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    • 568 43  -  You can tell an A Lange Sohne piece just by its signature outsize face, but what lies beneath reveals a wealth of watchmaking expertise, reportsCHUANG PECK MING CHUANG PECK MING WITH its outsized date and asymmetric dial, the “face” of A Lange Sohne is one of the
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    • 337 43  - Van Cleef Arpels sets sights on new men’s line By CHUANG PECK MING ARE you man enough for a Van Cleef Arpels watch? The brand is known for its jewellery, women’s timepieces and perfume. And the feminine image has largely overshadowed its product line for men. This Pierre Arpels watch
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    • 303 43  -  By CHUANG PECK MING IT appears that the only “Hublot” feature of the Classic Fusion Skeleton is its all-black look and ceramic finish. But look at the hands on the dial of this skeleton tourbillon they are similar in design to those on the very
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    • 748 44  -  Richard Mille imbues his designs with unconventional wisdom, writesDYLAN DYLAN TAN ANYONE who has met Richard Mille will know he usually doesn’t do handshakes; he prefers hugs. And not the cursory loose types you get from a stranger promoting a kindness movement on the street
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    • 1239 44  - Clocks life’s first timekeepers By SHAWN TAN The writer is a vintage watch enthusiast, the owner and curator of a vintage watch gallery in Singapore “IN half an hour’s time, at noon, he will wake up for milk”. I was told that when I visited my best friend’s newborn baby
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    • 559 45  -  Blancpain’s Fifty Fathoms, exalted in 1956 when Jacques Cousteau dived to a record depth of 1,122m with it, has not looked back since, reportsCHUANG CHUANG PECK MING IT had all the attributes of a diver’s watch long before the required attributes for a diver’s watch
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    • 280 45  -  By CHUANG PECK MING THEIR unconventional look and construction, ironically, make them instantly recognisable. And the technical names UR-110PT and UR-110PTH confirmed they are Urwerk timepieces. But the latest offerings from the imaginative watchmaking firm are not supposed to be just foward-looking
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    • 395 46  -  Having launched the first watches with silicon balance springs in 2006, Breguet is not resting on its laurels, reports chuang peck ming CHUANG PECK MING THE Classique Chronometrie 7727 is the fruit of Breguet’s non-stop efforts to build more accurate mechanical movements. The brand has kept
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    • 367 46 THE Skeleton Manufacture is Ulysse Nardin’s first watch with the brand’s own skeleton tourbillon movement. “With this watch, the Le Loclebased manufacture combines cut-ting-edge technology with an aesthetic exploration of the themes of transparency and simplicity,” UN says in launching this stylish complication. The Skeleton
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    • 467 46  - Baume Mercier powers into China By CHUANG PECK MING YOU can be forgiven if you think Baume Mercier’s new Clifton collection is aimed at the lucrative Chinese market. The watches look simple and classic just what Chinese consumers like. Officials at the Swiss watch company are not saying anything that
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    • 776 47  -  Distributor of affordable watches, Crystal Time, eschews the frills, stocking up on ‘serious’ watches to meet demand, reportsCHUANG PECK MING CHUANG PECK MING FASHION watches that run on quartz battery are fading, as more customers turn to “serious” mechanical timepieces with the “Swiss-made” tag. Global output of quartz
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    • 193 47 ALREADY watch observers have picked it to be the best value for money among this year’s new timepieces one even voted it the best of the best Oris’s diving watch Aquis Depth Gauge is built to reach new depths and simple to use in gauging
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    • 279 47 IT’S Chronoswiss’s 30th birthday this year but the brand is more in the mood to celebrate the anniversary of one of its timepieces, the Regulateur, which will turn 25. Perhaps, because it marks a special milestone for the “legendary” model, it can be given this rare
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    • 987 48  -  Critical acclaim, creative autonomy and commercial desires do not have to be mutually exclusive for small, independent watch brands. Striking the right balance, however, is the tricky bit, writesALVIN WONG writesALVIN WONG TO many discerning collectors, small-scale independent watch brands represent the last bastion of authentic, old-world
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    • 1023 48  -  Injection of funds isn’t the only vital ingredient for a brand’s rejuvenation or sustenance, writes TIMMY TAN TIMMY TAN EVER since Antonio Calce joined Corum in 2005, the brand has never been the same again. Collections clearly synonymous with the brand such
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    • 815 49  -  A husband-and-wife team won the award for sports watch of 2012 by the Grand Prix d’ Horlogerie de Geneve, reportsCHUANG PECK MING CHUANG PECK MING MARIA and Richard Habring were surprised to hear that the Grand Prix d’ Horlogerie de Geneve picked the split-seconds
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  • Page 1 Advertisements
    • 208 1 CONTENTS: Hue and cry over horological gems PAGE 2 A flair for complications PAGE 6 Rolex Daytona race is on PAGE 8 Reaching for the heavens PAGE 10 Fewer, but bigger and better PAGE 20 The L.U.C Collection Each part is a masterpiece The L.U.C Quattro is equipped with four
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    • 111 2 WHY JUST BE PRECISE WHEN YOU CAN BE THE MOST PRECISE? MASTER TOURBILLON DUALTIME. Jaeger-LeCoultre Calibre 978B with patented jumping date. Winner of the first International Timing Competition of the 21st century, held under the auspices of the Geneva Observatory, Jaeger-LeCoultre Calibre 978 boasts peerless precision in a new 41.5
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    • 266 3 Ml i n. /fir hwk:... y vm Ai r M k Srt K**. A jss TOW S3 m m y W'Jm rpi -mM H m mm y-\ v m s 2rA2 Mi mfam gpi' A .MV- r- ,#F Aon'sisaa ■y t ¥*s!S i A mji §sai\ m m m ymmmm
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    • 140 4 X' 500 N v\ Ar tT' 1 v V M 0 aia sx'8 s 5 0 24 100^ 2 pieds w- 60 X m o T l z^-^y X x V. 12 10 ell -L -X v» 15 .1 °C 6 °Cxio i- CIRClJIT Uxl 1 GENERAI 10 6 GYRO
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  • Page 5 Advertisements
    • 131 5 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. IN 1 986, AUDEMARS PIGUET BECAME THE FIRST WATCHMAKER TO FEATURE A TOURBILLON IN AN AUTOMATIC WRIST WATCH. TODAY THE TRADITION TOURBILLON REPETITION MINUTE IS OUR LATEST EXPRESSION OF THIS PIONEERING SPIRIT. THE TOURBILLON COUNTERACTS THE EFFECT OF GRAVITY ON THE
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  • Page 7 Advertisements
    • 158 7 rm p ym I f y.f efessfoSS SS5: OS Ay/-'.. S t ft* HI p r V •v _J- u > sp (V) s* ■Si f c* V *r y "N L. U*, i J. v l r* I r j;" ■> V V > j 1 ;v s;.. V
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  • Page 8 Advertisements
    • 132 8 THE SHOPPES AT MARINA BAY SANDS PRESTIGE AUGUST MAN present i 4A ■6 r*; tV, f »*'v’ '5^ Sfc/SW Nk A WATCH AND JEWELLERY EXHIBITION NOW TILL 25 AUGUST 2013 Showcasing the patrimony and history of a selection of iconic watch and jewellery brands housed within the mall. Come and
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  • Page 9 Advertisements
    • 111 9 NARDIN Le Locle Suisse *5 a* 1 as® S.i Q n •v\V > 4 9 w Tt« S3* CD 8 I <- S' o <h u V %v 1 Freak Limited Edition Exclusive 20 pieces worldwide Celebrating an original icon. The Hour Glass pays tribute to over A DECADE OF
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  • Page 11 Advertisements
    • 130 11 LOUIS VUITTON K» f] m ,\v 1 •ifl t Mi r i V mi h wnarruff*i»K>fa: mnwac m r ;i mt v< «wa#si m i i fl il U u. I f r fff/j I ■J ij h S' y ti 1 7/ LV 277 "4 A %n 1 O
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    • 108 13 *•»> COM PAN ERAI •*v T* IN mr* jd*fc ■i r* 5*<* f RADIOIVIIF* PANERAI < *s jU* 1 *r I' *i [i <«.V ft ■’'•< If ■'1 l Ua. <1 >' M .'.CSV; i Hw. fevf Pr. j v *i‘As S f fW HLi*L* kft■• m ■*.*£■-ft fmv •■■‘‘V',
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    • 157 17 MONTBLANC NICOLAS RIEUSSEC CHRONOGRAPH OPEN HOME TIME I O o ONTBLA> Or 7 9 o w o oc E M /Wa~ \A° rV tn O /j m y/ o o 6^ O t B o O j o« i i > 1 Q A; u o Cjp c fl SjAflce
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  • Page 18 / 19 Advertisements
    • 144 18 / 19 B V LG A R I BULGARI CARILLON TOURBILLON ACHIEVING THE IDEAL PITCH IS A MATTER OF TIME AND PASSION. THE PURE, CONTEMPORARY ARCHITECTURE OF AN ORIGINAL THREE-HAMMER MINUTE REPEATER ENTIRELY CRAFTED IN-HOUSE AND BEATING TO THE RHYTHM OF A TOURBILLON. A NEW CALIBRE OF 3 27 COMPONENTS, COUPLING AN
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  • Page 21 Advertisements
    • 87 21 GP GIRARD PERREGAGX MECHANICS OF TIME SINCE 1791 V I V 0# v m m V V tn/i I ■Avails wn -s 3& Ik 7' Ksa -> V,’ ij 4 •> > Is M TOURBILLON WITH THREE GOLD BRIDGES Pink gold case, sapphire case-back, Girard-Perregaux automatic mechanical movement. Tourbillon, hour,
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  • Page 23 Advertisements
    • 213 23 IWC INGENIEUR. ENGINEERED FOR PERFORMERS. 250 3OP IPS 5 >> <0 o o <$> o o V <0 <0 o Y <7 P O/ O u or uj uy t! 12 O K U/ Z u m >■ ID X u <1 r* O o /Mj N o o <0
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  • Page 24 Advertisements
    • 102 24 0 cloude bernord swiss made watches Tmdzss Trotsura^'Trtisted' Available at: DEPARTMENTAL STORES:TANGS Orchard (Level 3); VivoCity (Level 1); Robinsons Centrepoint (Level 3); OG Orchard Point (Level 1); Mohd Mustafa Samsuddin Serangoon Plaza AUTHORISED RETAILERS: City Chain Bugis Junction #01-65; Serangoon Nex #01-78; Jurong Point #01-06; Jem Jurong East Mall #01-52;
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  • Page 25 Advertisements
    • 308 25 t i Ufi SS3 L. 4 < 1 k f •■> w x b T "> 4 PRESTIGE master 5H25 SPt— Wyl M25 K 03/irrT EUGENE LIM A new timepiece can get you to your dream vacation in no time. r Welcome gift: Leica D-Lux 6 camera (worth S$1,153) 2
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  • Page 27 Advertisements
    • 145 27 Perfectly legible day after day. And night after night. 'N 2 5 <i G j .SS m iflfc-f i I' .3'. >■* v j5GB Sq GLASHUTTE VSA With its off-centre indications and the outsize date, the Lange t stands for superb legibility. In the new Grand Lange i "Lumen", this
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  • Page 28 Advertisements
    • 174 28 '1 <s m i i CARTIER K r r m 'tm. '/i i hi WUU Mm i 1 L'/ 1 wa -jr 5 f I fj I Pi v« nr 1 ROTONDE DE CARTIER MYSTERIOUS DOUBLE TOURBILLON 9454 MC CONCEIVED BY CARTIER’S MASTER WATCHMAKERS, THE MYSTERIOUS DOUBLE TOURBILLON 9454 MC
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  • Page 29 Advertisements
    • 125 29 CONTENTS: Jaeger-LeCoultre’s 180th anniversary high points PAGE 32 Bulgari’s serpentine year PAGE 34 Cartier’s designer to watch PAGE 40 Richard Mille’s edgy art PAGE 44 GPHG GRAND PRIX a HORLOGERIE DE GENEVE 2012 Best Ladies' Watch Prize LA MONTRE PREMIERE CHANEL FLYING TOURBILLON High feminine complication, this flying tourbillon decorated
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  • Page 30 Advertisements
    • 91 30 FOLLOW YOUR OWN STAR PIL O T M O NTRE D AER O NEF TYPE 20 G MT The Manufacture has consistently accompanied aviation pioneers by offering them 9;<9?#7 I;!J#H>4;J! ?;7 JI>4&I4:4! 9; CIJK JK4I# ?:KI4F4>4;J!, 29?!JI;" "4;4#9H! CKIJ4 !H&4#AH>I;9F?/4;K?;:47 6#?<I: ;H>4#?A!0 JK4 B=&4 *5B 4@?AJ! FI!I<IAIJ= ?;7 4;!H#4! &#4:I!I9;
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  • Page 31 Advertisements
    • 214 31 RICHARD MILLE A RACING MACHINE ON THE WRIST o W •SSl °/hi m 5“ O m sm L w. N V is* V f o 9* o o? I as* O •a, m ■i *5' Sfe s r w 50 $30 55 m is m si w 2* sas ferS?V
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  • Page 32 Advertisements
    • 747 32 ADVERTORIAL Storied collectibles Glycine’s Airman comes full circle as the pilot watch turns 60 this year American fighter pilots wore it in the Vietnam War and it is still favoured by both military and commercial pilots. Sixty years on, Glycine’s Airman watch remains one of the few classic aviation timepieces
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  • Page 33 Advertisements
    • 106 33 Exact and Exultant MESURE ET DEMESURE 24 24 0 3^ TONDA HEMISPHERES y Rose gold Automatic movement Dual time zone indication Hermes alligator strap Made in Switzerland www.parmigiani.ch PARMIGIANI FLEURIER THE HOURGLASS Singapore Studio Parmigiani Marina Bay Sands, tel. 65-6688 7525 I Takashimaya S.C., tel. 65-6734 2420 I Tang Plaza,
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  • Page 35 Advertisements
    • 91 35 Chronoswiss REGULATEUR 30 LIMITED EDITION WWW.CHRONOSWISS.COM s.rJ! ss&>. Si :> -sa T-:-■V V -r i S x U! L-< ;V’ ..dJPi A W <©• CortinaTwatch SINGAPORE MALAYSIA INDONESIA THAILAND TAIWAN CORTINA WATCH ESPACE: Singapore: Millenia Walk Tel: 65-*****728 Thailand: Erawan Bangkok Tel: 66-2250 7999 CORTINA WATCH BOUTIQUES: Singapore: ION Orchard
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  • Page 37 Advertisements
    • 136 37 UA7 A f m K f iO ,r fi mm I mm 40 2. s 'mill 30 ■<f; 5'V;.. V u URIA/ERK PRESENTS THE UR-210 AND ITS REVOLVING SATELLITE COMPLICATION WITH FLYBACK MINUTE HAND <D GENEVE URXA/ERK has its origins in the town of Ur in Mesopotamia. In 6000 BC,
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  • Page 38 / 39 Advertisements
    • 99 38 / 39 WE HAVE REACHED THE STARS it took X A FRANCK MULLER AETERNITAS MEGA 4 World’s most complicated watch with 1,483 components, 36 complications and 1 eternal calendar. than a miUennii i in. WHERE THE BRIGHTEST GATHER E STD A 1954 SINCERE F INE WATCHES !V jt *7 ifc IS a
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  • Page 41 Advertisements
    • 129 41 Vi r r K W I V K v. K 1C )M.j| mow att '■+4;' •¥U j- iWfa FT! «IS I A* x-*>* m.4 f ■•W. 6 ESa?1 *001 F 9 >4* i X2 m rjc- c w*s (HKT! «*5 •«5» i sss < v- >;; s ae A>. :>"
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  • Page 43 Advertisements
    • 98 43 LUttl I SWISS MADE o" v '-L,'"//% <§VV°®V@^/vfc <a If! ®'o>« “V 'be” SAV; S«s® lam A 2 Ocean conservationist, Scott Cassell, is on a quest to educate the public about conserving the health of the ocean eco-system. He will bring his two-man submersible, “The Great White”, to Singapore for
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  • Page 45 Advertisements
    • 191 45 AhbutuS New Vork I r Fine mechanical timepieces for those who truly appreciate the art of watch-making Available at: DEPARTMENTAL STORES; Tangs Orchard VivoCity; Robinsons The Centrepoint; OG Orchard Point AUTHORISED WATCH RETAILERS: 3D Trading The Bencoolen; AS Time Keeper Far East Plaza; Bee Kah People’s Park Complex; Chelsea Watch
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  • Page 49 Advertisements
    • 149 49 i es w S'.- *> a /s <G ZERO rtietr, e *6 73k v* O <?/, °hs m Ml I W‘V > n* m. x V ORIS 7 V J X *1 AUTOMATIC A 1TN 4 s vJ» ft v\tt v<^ V, PRESSURE RESISTANT 50BAR/500M DEPTH GAUGE J yr ft
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  • Page 50 Advertisements
    • 141 50 m j:i> JAQUET DROZ SWISS WATCHMAKER SINCE 1738 m LJ Tj> Mi*™ i 11 ■.in i ft ml h fiat; ■■■n mm i ti ii 11 5 1 F; IT I ILI 1 Ill'll DOT n^r r- L l I I f IP I O u .i 1111 i to*
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  • Page 51 Advertisements
    • 45 51 S$1.00 -> W. i as LT-i 5^ ■<se> <«? IT DOESN’T JUST TELL TIME. IT TELLS HISTORY. ROLEX The Business Times online at http://www.businesstimes.com.sg S|5l A SINGAPORE PRESS HOLDINGS publication coregn no *****2868E MCI (P) 085/08/2013 Friday, August 23, 2013 T i -2^ WHY THIS WATCH? ROLEX
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  • Page 52 Advertisements
    • 49 52 .A r< ST r $3 K K r 0 V j? THIS WATCH IS A WITNESS. TO WORDS THAT MOVED NATIONS IT’S DARED MEN FASTER. FURTHER. J u f t f a*. K I 2? I V 1 A '.re r A </ WORN BY LUMINARIES. VISIONARIES. CHAMPIONS. t ROLEX
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