The Business Times, 16 July 2015

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Microfilm: NL33560
Total Pages: 39
1 12 The Business Times
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  • Title Section
    Lock icon Masthead
    33 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ S$1.00 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Thursday, July 16, 2015G G
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  • DAILY DIGEST
    • Article
      Lock icon Singapore's chief auditor uncovers
      24 1 irregularities and lapses in various ministries and statutory boards in his annual report on the public sector. TOP STORIES 2
      24 words
    • Article
      Lock icon The Bank of Japan pares
      24 1 its forecast for the country’s economic growth for fiscal 2015, in the light of global developments. TOP STORIES 4
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    • Article, Illustration
      Lock icon Singapore Prime Minister Lee
      37 1 Hsien Loong expresses hope that The Straits Times would “continue to maintain a balance, take a long-term perspective of Singapore’s interests and report the news for Singaporeans through Singaporean eyes”. TOP STORIES 6
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    • Article
      Lock icon Singapore-listed china New Town
      21 1 Development believes a turnaround is “just around the corner” after two years of losses. COMPANIES MARKETS 7
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    • Article
      Lock icon China Sky Chemical Fibre is replacing
      33 1 its auditor Baker Tilly TFW LLP, saying that the change is due to a difficult working relationship and a proposed increase in audit fees. COMPANIES MARKETS 8
      33 words
    • Article
      Lock icon China's move to halt
      42 1 new company listings on its stock markets is offering private equity firms, hedge funds and sovereign wealth funds an opening to fill private companies’ funding needs, paving the way for more merger and acquisition activity. BANKING FINANCE 16
      42 words
  • Article
    Lock icon MARKETS
    28 1 Wednesday Change STI 3,338.86 +22.36 KL COMP 1,727.26 +6.16 NIKKEI 225 20,463.33 +78.00 HANG SENG 25,055.76 -65.15 SHENZHEN B 1,254.24 -46.89 DOW (10:30 am EDT) 18,062.06 +8.48
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  • Article
    Lock icon New home sales down 42% in June; analysts paring 2015 forecasts
    916 1  -  In absence of broad-based price corrections, hopes fade of cooling measures being lifted in near future By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore PROPERTY consultants are now expecting a lower range for developer sales of private homes this year 6,000-7,500,
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  • Article
    Lock icon China Q2 GDP stabilises, but analysts say challenges remain
    728 1  -  By Virginie Mangin btworld@sph.com.sg Beijing GROWTH in China’s Gross Domestic Product (GDP) in the second quarter indicate that the economy is stabilising, as Beijing’s support measures kick in. Analysts warn, however, that challenges remain. In the three months to June, the
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      Lock icon Page 1 Advertisements Column 1
      92 1 8 "*****1 *****4 SINGAPORE RETAIL SALES vehicle sales boost May figures TOP STORIES 2 GREECE BAILOUT IMF demands debt sustainability GOVERNMENT ECONOMY 23 RESIDENTIAL LEASING Market stays weak in June real estate /12 IRAN NUCLEAR DEAL A journey into the unknown OPINION 27 CEO CONVERSATIONS 2015 golden jubilee edition People
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  • TOP STORIES
    • Article, Illustration
      Lock icon May retail sales speed ahead on roaring car sales
      560 2  -  46% jump lifts retail numbers by 6.1%; but analysts do not expect May performance to be repeated By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore A WHOPPING 46.6 per cent jump in motor vehicle sales boosted Singapore’s retail sales in May, which rose
      FILE PHOTO  -  560 words
    • Article, Illustration
      Lock icon Annual audit highlights several public sector lapses
      617 2  -  By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore SINGAPORE’S chief auditor has completed the annual audit of the country’s public sector, uncovering irregularities and lapses in various ministries and statutory boards. The 72-page report for the 2014/15 financial year, signed off by auditor-general Willie Tan,
      617 words
    • Article, Illustration
      Lock icon Asia ready to buy more Iranian oil when sanctions lifted
      815 2 REUTERS New Delhi ASIAN refiners are set to buy more crude oil from Iran once they receive word on when sanctions will be lifted, expecting Teheran to price its oil competitively as it tries to rebuild market share in an
      REUTERS; PHOTO: REUTERS  -  815 words
    • Article
      Lock icon 2014 tax deductible donations up 13% at S$1.1b
      414 2  -  By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore TAX deductible donations to Singapore Institutions of a Public Character (IPC) rose by 13 per cent in 2014 to S$1.1 billion, from S$970 million in 2013, said the Ministry of Culture, Community and Youth (MCCY) in
      414 words
    • Article, Illustration
      Lock icon Tokyo trims growth outlook for fiscal 2015
      761 4  -  It says GDP will rise 1.7 per cent instead of 2 per cent; consumer price inflation will be 1.9 per cent, not 2 per cent By Anthony Rowley btworld@sph.com.sg Tokyo THE Bank of Japan (BOJ) on Wednesday revised down slightly its forecast for
      PHOTO: AFP  -  761 words
    • Article
      Lock icon 18,500 SIA staff to receive S$500 SG50 hongbao
      236 4 Singapore SINGAPORE Airlines (SIA) is giving a special one-off payment of S$500 each to 18,500 Singapore-based employees in celebration of Singapore’s Golden Jubilee year. “SIA is proud to be a Singaporebased company which has spread its wings far and wide. Our success
      236 words
    • Article, Illustration
      Lock icon PM Lee on ST’s role as observer, reporter, influencer
      628 6  -  As a newspaper tied intrinsically to Singapore, it always has to be pro-Singapore, he says at opening of ST exhibition By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore EVEN as The Straits Times adapts and hunts for new ways to produce a high-quality
      PHOTOS: DESMOND WEE, MARK CHEONG  -  628 words
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  • Page 4 Advertisements
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      Lock icon Page 4 Advertisements Column 1
      191 4 V 'r. RSAConference2015 Singapore July 22-24 Marina Bay Sands fe °s°O n V_ u O, 'O O, V u 0n n w O„ v > ■G b l °> V 7 ln *> r r n VXk V%>. X/XV\Xv% °'oo. ’000, °?Oo "?0 °ta ’°Orr, "■5W 0, ooltsS 7 A
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  • Page 6 Advertisements
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      2575 6 COURTS ASIA LIMITED (the “Company”) (Company Registration No. *****1347K) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN THATthe Annual General Meeting (“AGM”) of Courts Asia Limited (the “Company”) will be held at 50 Tampines North Drive 2, Courts Megastore, Singapore *****6 (Studio Room,
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    • Advertisement
      Lock icon Page 6 Advertisements Column 2
      48 6 Leading Transformation ASIA PACIFIC C€0 CONGRESS 18-19 August 2015 Sands Expo Convention Centre, Singapore www.apcc.sphereconferences.com To receive your exclusive invitation to the event, please contact Jiahui at +65 6848 5378 or email tojiahui@sphereconferences.com Brought to you by: THE BUSINESS TIMES Platinum sponsors: Official automotive sponsor: IJInetsuite RFNTI FY
      48 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon China New Town upbeat on turnaround
      893 7  -  Subsidiary of CDB Capital says it has strong pipeline of projects and believes recovery is “just round the corner” By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SINGAPORE-listed China New Town Development (CNTD), backed by China’s largest policy bank, has lined up a strong pipeline of
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    • Article
      Lock icon Sembmarine secures US$1b vessel order
      418 7  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore RIGBUILDER Sembcorp Marine has clinched an approximately US$1 billion order from Dutch firm Heerema Offshore Services to build what could be the world’s biggest semi-submersi-ble crane vessel, the group said on Wednesday. The engineering and construction contract, one of
      418 words
    • CORPORATE DIGEST
      • Article
        Lock icon Share buybacks
        150 7 SHARE buybacks totalling nearly S$43 million were made by listed companies in the first half of this month, with about 63.34 million shares repurchased by 22 stocks, according to a Singapore Exchange “My Gateway” report. This was up from S$23.3 million in the corresponding period a year ago.
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      • Article
        Lock icon Singapore Post
        57 7 SINGAPORE Post’s (SingPost) subsidiary, Famous Holdings, has acquired an 80 per cent stake in Rotterdam Harbour Holding (FPS Rotterdam) for around 8.4 million euros (S$12.61 million). It acquired the stake from two Netherlands-incorporated companies, ETC Etcetera Beheer and Rubus Beheer, using cash from its internal resources. FPS Rotterdam
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    • Article
      Lock icon China Sky replacing auditor; cites difficult working relationship
      590 8  -  SGX reminds firm to act in interest of shareholders and to speed up trading resumption By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore CHINA Sky Chemical Fibre is replacing its auditor Baker Tilly TFW LLP, with the company saying that the change is due
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    • Article
      Lock icon QT Vascular gets US nod on four key patents
      414 8  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore MEDICAL supplies group QT Vascular said the United States Patent and Trademark Office has issued allowance letters of four fundamental patents that are key to its portfolio of specialty balloons for the treatment of vascular
      414 words
    • Article
      Lock icon Religare trust sells S$60m bonds; small deals dominate July’s issues
      582 8  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore ANOTHER day, another Singapore dollar (SGD) bond sold as investors’ appetite for local debt issued by small companies remains strong. This even as the currency continues to slide following weak second-quarter growth numbers.
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    • Article
      Lock icon Choo Chiang Holdings launches Catalist IPO
      446 9  -  Electrical products group offering 33.28m vendor shares at S$0.35 apiece By Caithlin Ng caithng@sph.com.sg Singapore HERE comes another Catalist initial public offering, hot on the heels of that by oil gas engineering provider NauticAWT and both coming amid a listing dry spell which saw
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    • Article
      Lock icon Keppel DC Reit’s Q2 results exceed forecasts
      447 9  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore DATA centre landlord Keppel DC Reit is eyeing more potential acquisitions in the Asia-Pacific region and Europe after beating its own forecasts for the second quarter. It pulled in higher income than forecast due to better variable
      447 words
    • Article
      Lock icon ISDN gets approval for 20MW hydropower plant in Indonesia
      401 9  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore INTEGRATED engineering solutions provider ISDN Holdings has received the green light from the Indonesian government to develop a 20-mega-watt (MW) hydropower plant in Central Sulawesi. Projects above 10MW are considered larger scale facilities by Indonesia’s
      401 words
    • Article
      Lock icon HK regulator orders continued suspension of Hanergy shares
      427 9 BLOOMBERG Beijing HONG Kong’s stock watchdog took the rare step of saying trading in Hanergy Thin Film Power Group Ltd shares can’t resume without its approval, raising the prospect that they will remain suspended for the foreseeable future. The Securities Futures Commission’s
      BLOOMBERG  -  427 words
    • Article, Illustration
      Lock icon STI / Catalist
      63 10 STI Catalist Straits Times Index July 15,2015 3,338.86 +22.36 (+0.67%) Current streak 4 days Day high 3,342.33 Day low 3,322.12 52-week high 3,539.95 (Apr 15, 2015) 52-week low 3,154.21 (Oct 16, 2014) FTSE ST Catalist index July 15,2015 633.89 -1.97 (-0.31%) Current streak 1 day Day high 638.83 Day low
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    • Article, Illustration
      Lock icon Market closes marginally higher
      683 10  -  ST Index climbs 22 points, but market scoreboard shows only 231 rises against 209 falls in subdued session STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index (STI) on Wednesday managed a 22.36point rise to 3,338.86 in a quiet and subdued session marked by interest
      Source: Bloomberg  -  683 words
    • Article
      Lock icon STI STOCKS
      308 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 246 -2 249/244 271 219 5.9 6224.8 CapitaLand 340 +2 343/339 379 293 12.5 2.6 *****.2 CapitaMall Trust 215 -1 216/212 228 188.5 5 7459.9 CityDev 988 -2 995/985 1095 915 11.9
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    • Article
      Lock icon MOST ACTIVE
      36 10 VOLUME CEFC Intl 134,049,600 OLS Enterprise 111,157,600 Debao Property 55,878,100 New Silkroutes 51,705,100 Equation 48,487,000 Market volume 1,465,106,000 VALUE DBS Grp 97,966,406 Singtel 53,379,263 UOB 42,014,675 CapitaLand 39,921,122 Keppel Corp 36,883,465 Market value 881,944,000
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    • Article
      Lock icon SGX ETFs Most Active
      108 10 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap UETF SSE50China 270 217 271/260 340/142 266/270 84.4 Nikko AM STI ETF 339 171 339/338 422/324 338/340 8.2 DBXT MSRussia US$ US205 +8 142 205/201 291/140 202/203 IS MS INDIA US$ US759 -1 97 766/745 1000/696
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Jul 15 VALUE CLOSE BT OB/OS -464.00 +19.00 BT CADI -*****.00 +14.00 BT 10-day MA -*****.00 -46.00 FTSE ST Mid Cap 751.78 +0.52 FTSE ST Small Cap 468.16 +1.16 FTSE ST All Share 798.32 +4.40 FTSE ST China Top 194.14 -1.41 FTSE ST China 235.69 -0.86 FTSE
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    • Article, Illustration
      Lock icon STI / FTSE ST All-Share
      35 10 STI FTSE ST All-Share FTSE ST All-Share index July 15,2015 798.32 +4.40 (+0.55%) Current streak 4 days Day high 798.76 Day low 795.42 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 10 STI MSCI EAFE MSCI EAFE Index July 14,2015 1,877.93 +14.97 (+0.80%) Current streak 4 days Day high 1,880.27 Day low 1,863.48 52-week high 1,969.28 (July 24, 2014) 52-week low 1,697.01 (Jan 7, 2015)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 5 3 0 0 0 7 5 3 Manufacturing 48 39 33 12 7 8 60 46 41 Commerce 17 20 19 5 5 3 22 25 22 Tpt/Stor/Comms 19 14 5
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,451 11,451 58,758 58,758 Manufacturing 105,066 95,893 200,959 75,107 2,582 77,689 Commerce 236,501 45,977 282,478 68,236 1,926 70,162 Tpt/Stor/Comms 103,013 19,024 122,037 123,081 1,801 124,882 Finance 14,999 100 15,099 198,263 25 198,289 Construction 23,433 548
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    • Article
      Lock icon GAINERS
      74 10 BY CENTS CLOSE UP 52w high/low JMH USD 5648 324.3 4.4 6788/5242 JSH USD 3200 219.4 5.3 3784/2987 DBXT S&P500 US$ 3604 122.6 2.6 3626/3097 DBXT AUDCS AU$ ***** 102.7 0.5 *****/***** DBXT MSEurope US$ 6038 76.3 0.9 6300/5366 BY PERCENTAGE CLOSE UP 52w high/low Next-Gen Sat 0.4 100.0
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    • Article
      Lock icon LOSERS
      80 10 BY CENTS CLOSE DOWN 52w high/low DBXT CSI300 US$ 1075 -83.1 -5.4 1471/644 Lyxor Mal US$ 843 -51.8 -4.3 1101/843 DBXT China50 US$ 3476 -27.3 -0.6 4258/2800 DBXT MSINDO us$ 1251 -27.3 -1.6 1542/1211 DBXT S&P Short US$ 2113 -27.3 -0.9 2497/2107 BY PERCENTAGE CLOSE DOWN 52w high/low China
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    • Article
      Lock icon UNUSUAL ACTIVITY
      81 10 VOL CLOSE($) CHANGE CEFC Intl 134,049.6 0.084 +0.022 +35.48 E2-Capital 327.4 0.120 +0.035 +41.18 Equation 48,487.0 0.006 +0.001 +20.00 Kitchen Culture 40.0 0.270 +0.030 +12.50 Chinese Global 300.0 0.005 -0.001 -16.67 Next-Gen Sat 2,391.0 0.004 +0.002 +100.00 CPH 1,078.1 0.006 +0.001 +20.00 Great Group 14.5 0.030 +0.012 +66.67
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    • BROKERS’ TAKE
      • Article
        Lock icon Soiluulld Business space Reit
        165 10 Buy July 15 close: S$0.865 Fair value: S$0.93 OCBC Investment Research, July 15 SOILBUILD Business Space Reit (Soilbuild Reit) reported Q2 FY2015 results which came in within our expectations Soilbuild Reit’s occupancy rate came down slightly from 100 per cent to 99.8 per cent, but still
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      • Article
        Lock icon Sembcorp Marine
        324 10  -  Compiled by Chan Yi Wen Reduce July 15 close: S$2.82 Target price: S$2.52 CIMB Research, July 15 SEMBCORP Marine (SMM) has converted the letter of intent from Dutch-based crane vessel operator, Heerema, into a formal contract worth US$1 billion to build a DP3 semi-submersible crane for delivery in
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    • Article
      Lock icon Pound up, krona down as central banks take spotlight
      412 11 CURRENCIES REUTERS London THE divergent policy outlook for central banks was back at the centre of concern for major currency markets on Wednesday, driving sterling higher, the Swedish krona lower and stymieing action in the euro and dollar. The yen inched
      REUTERS  -  412 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Jul 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.952 4.632 0.677 5.783 47.287 99.519 0.922 8.528 2.839 1.115 75.873 33.736 1.017 9.233 0.706 23.145 25.414 0.477 0.746 Canada 1.051 4.868
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      • Article, Illustration
        Lock icon HANG SENG
        2 11
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      • Article, Illustration
        Lock icon SHANGHAI COMPOSITE
        2 11
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      • Article, Illustration
        Lock icon NIKKEI
        1 11
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      • Article, Illustration
        Lock icon DOW JONES
        2 11
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 11 Jul 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0163 1.0171 0.7458 0.7463 Canadian dollar 1.0681 1.0685 0.7841 0.7838 Euro 1.5013 1.5018 1.1017 1.1020 NZ dollar 0.9118 0.9125 0.6691 0.6696 Sterling pound 2.1334 2.1337 1.5656 1.5657
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Jul 15 S$ Bid Offer 1-month 1.3634 1.3638 2-months 1.3641 1.3646 3-months 1.3648 1.3653 6-months 1.3665 1.3672 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        395 11 Jul 15 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.60 *****.83 *****.44 Jul15 *****.00 *****.50 *****.00 *****.00 *****8 *****6 Aug15 *****.00 *****.50 *****.00 *****.00 ***** ***** NIKKEI 225 INDEX FUTURES SPOT *****.85 *****.60 *****.09 Sep15 *****.00 *****.00 *****.00 *****.00 ***** *****6 Dec15
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        205 11 Jul 15 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left FTSEChinaA50 ***** MBeCW*****9 11.2 -1.1 ***** 0.0 --2 FTSEChinaA50 ***** MBeCW*****9 14.5 -0.8 ***** 0.0 --2 WE Holdings Ltd W*****5 0.1 unch 2995 1 0 1 OCBC
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        373 11 In local curr In S$ In US$ dy yr dy yr dy yr Jul 14 Index Change Change Change Change Change Change World Preliminary 1346.6 0.5 5.6 0.8 6.3 0.6 3.5 EAFE Preliminary 1090.2 0.7 10.5 1.0 8.7 0.8 5.8 Europe Preliminary 1520.5 0.3 10.0
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Jul 15 $S Offer Bid 0vernight 0.08 0.05 1-month 0.6875 0.5625 2-months 0.75 0.625 3-months 0.8125 0.6875 Overnight mode: 0.25 US$ 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 SIBOR
        36 11 Jul 15 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 0.***** Source: Thomson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        59 11 Jul 15 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.61 5-Year N*****0S 2.000 01-Jul-20 100.36 10-Year NX*****Z 2.375 01-Jun-25 97.83 15-Year NY*****E 2.875 01-Jul-29 100.04 100.15 100.05 20-Year NZ*****V 3.375 01-Sep-33 105.02 30-Year NA*****N 2.750 01-Apr-42 95.02 Note:
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        246 11 Jul-14 Price Net change change Last Trade Agricultural Jul-14 CBOT Soybeans (US cents/bu) 1039.00 -6.25 -0.60% 14/07/2015 CBOT Soybean Oil (US cents/lb) 32.32 -0.33 -1.01% 14/07/2015 CBOT Wheat (US cents/bu) 583.50 -3.25 -0.55% 14/07/2014 Jul-14 LIFFE Cocoa (£/tonne) 2214.00 32.00 1.47% 16/07/2015 LIFFE Coffee (US$/tonne) 1867.00 3.00 0.16%
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      179 7 1 m h Ik WS fX ALPHARD :r. m mmm m r S'Ss ss THE ALLBook now and enjoy 3 years complimentary servicing. Like private sanctuaries on the move, the all-new Alphard and Vellfire are poised to change the perception of first-class luxury as we know it. Featuring sleek exteriors
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      Lock icon Page 8 Advertisements Column 1
      126 8 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 9 Advertisements
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      2376 9 Wssma TERRATECH GROUP TERRATECH GROUP LIMITED (Company Registration Number: CT-*****5) (Incorporated in the Cayman Islands on 15 March 2013) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 1 s Annual General Meeting of the Company will be held at 31 Changi South Avenue 2, Singapore *****8 on
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  • REAL ESTATE
    • Article
      Lock icon Can Chinese investors save American golf?
      1223 12 BLOOMBERG New York AS Nick Dou bent down to inspect the 14th green at his revered Pine Lakes Country Club, with its antebellumstyle clubhouse and magnolia trees, a question hangs in the humid South Carolina air: Can Chinese investors save American golf? Pine Lakes,
      BLOOMBERG  -  1,223 words
    • Article, Illustration
      Lock icon Weak residential leasing persists in Singapore
      599 12  -  Condo rents down 0.5 per cent, HDB rents up 0.1 per cent in June, says SRX By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE residential leasing market stayed weak in June as a huge supply of condo units continued to jostle for a limited pool
      Source: SRX Property  -  599 words
    • Article
      Lock icon Recovery in China’s home sales yet to revive investment in sector
      347 12 BLOOMBERG Beijing A RECOVERY in China’s home sales is not translating into a revival for real estate investment just yet, weighing on prospects for an acceleration in economic growth. Investment in property development slowed to 4.6 per cent in
      BLOOMBERG  -  347 words
    • Article, Illustration
      Lock icon Finding a new use for century-old Bronx courthouse
      1167 14 Landmark building opens its doors to public for first time in nearly four decades, hosting free art exhibition organised by non-profit organisation No Longer Empty NYT New York THE last stop in an art show at the old Bronx Borough Courthouse is
      NYT; PHOTO: NYT  -  1,167 words
    • Article, Illustration
      Lock icon Chinese doubling down on Aussie property
      705 15 Bulk of recent deals sealed after Shanghai Composite index started tumbling in June BLOOMBERG Sydney AUSTRALIA’S property brokers are cashing in on China’s stockmarket calamity. The almost US$4 trillion rout is fuelling demand for less volatile assets in one of China’s favourite real estate
      BLOOMBERG; PHOTO: REUTERS  -  705 words
    • Article
      Lock icon Househunt
      1603 15 Property transactions for districts 1 to 28 with contract dates between June 3 and June 9,2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED Marina Bay Suites Apt 09/06/2015 99 2067 4800 2323 Marina Bay Suites Apt 05/06/2015
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  • Page 12 Advertisements
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      Lock icon Page 12 Advertisements Column 1
      371 12 TOKYO RESIDENTIAL BUILDING FOR SALE 30 strata-titled units Ebisu station <5mins away 1 train stop to Shibuya TOP Oct 2015 Ready tenants to move in (5-year G'teed Rental Program Available) ■PsS\ m For further info and viewing, please contact: Dillon Loi 9850 3204 CEA Reg No: R*****5C /J] Aiden Yong
      371 words
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  • Page 14 Advertisements
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      128 14 TOKYO BUILDINGS FOR SALE Profit from the redevelopment of the Shinagawa area the hub of international companies and Tokyo’s gateway to Western Japan ASKING Minami-Oi Land 145 sqm 14 units Built in 2006 Fully tenanted m L Other buildings and apartments available, please call Christine Yu 9772 6289 cyu@ipa.com.sg R0288i9i
      128 words
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      41 14 OwnTheMagnificentOne,timelessinits beauty.Evertheconnoisseur’s conservation,itisagrandsalutetothe collectivememoryof ournation.Couplets heraldingprosperityadornitsdoorways, andusheryouintoitsvastspaces,which offerrevelationssuchasagraciouskoi pondorasecretgarden.Lovinglyand sensitivelyrestored,thisfreeholdBlairPlain homeisoneof akind,apieceof history. FOR SALE THE MAGNIFICENT ISABEL REDRUP HERITAGE SERIES www.isabelredrup.com A boutique real estate agency Call+65 *****190 email: susan@isabelredrup.com See our amazing slideshow on: www.isabelredrup.com/ir1b.php Agency Licence No: L*****87E
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      125 14 KnightFrank.com.sg Balestier Road FOR SALE Main Road, Corner 6-sty Rear Extension 2 Lifts, Park 7 Cars Freehold at $1,300psf ELSEN ONG 9119 8187 w w w.ShophouseTrader.com CEA Reg No: R*****7J CEA Lic No: L*****22J BANK SALE Uncompleted factory bldg Kranji Link Land approx. *****0 sq ft/***** sq m Lease term:
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  • BANKING & FINANCE
    • Article
      Lock icon China IPO freeze paves way for more M&As
      665 16 Companies on the verge of listing now need to find new means of financing, giving opportunities for bankers, private equity investors and wealth funds to step in REUTERS Hong Kong CHINA’S move to halt new company listings on its stock markets is
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      Lock icon Shortage of experienced workers may have prolonged NYSE outage
      841 16 NYT New York WHEN the New York Stock Exchange went down during the trading day last week, few of the veteran employees who had helped lead the exchange past technical problems were on hand. Since Intercontinental Exchange, known as ICE, purchased
      NYT; PHOTO: AFP  -  841 words
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      391 16 SINCE 1845 mi STRAUS TIMES Theatre Four movies and a musical about Lee Kuan Yew 01 Sport Cheng-Tsung Pan,new face ofgolt B24 World Wage effort poses test for Clinton campaign A > World Cameron woos voters with M Thatcherite -4 dream of ✓s home-owning 2d democracy A23 A BBIOHTEB, mobe
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      240 17 W O M E N P R E N E U R S Four women who started their own business share the secret of their success with tabla! GET YOUR COPY TODAY TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) OR NISHAL (*****438) MONTEGO HOLDINGS PTE. LTD. (In Member’s Voluntary Liquidation)
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  • ENERGY & COMMODITIES
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      Lock icon Mexico conducts landmark oil auction
      553 18 It is offering 14 blocks in the Gulf of Mexico worth an estimated US$17 billion in total AFP Mexico City MEXICO holds on Wednesday the first oil auction of a historic energy reform that reopens the industry to foreign investors, with US, European and Asian
      AFP  -  553 words
    • Article
      Lock icon Iran’s no Qatar even with its bigger gas reserves
      624 18 BLOOMBERG London NATURAL gas made Qatar’s citizens the richest in the world within a generation. Even with its bigger fuel reserves, Iran will struggle to follow its neighbour’s path. Iran’s own production is consumed by a population of 78 million people
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      Lock icon El Nino tightens grip in Asia
      666 18 BLOOMBERG New Delhi EL Nino is starting to bite in Asia. Drought linked to the weather pattern will cut Thailand’s main rice harvest to the lowest in nine years. Soya beans sown in the past two weeks in India may be pulled out of
      BLOOMBERG; PHOTO: BLOOMBERG  -  666 words
    • Article
      Lock icon Steel output in China shrinks in first half as demand stumbles
      420 18 BLOOMBERG Beijing THE world’s biggest steelmaker is in a funk. Crude-steel production in China shrank 1.3 per cent to 410 million tonnes in the first half compared with the same period of 2014, according to the National Bureau of
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      122 18 The Premier Platform for Gifts Sourcing IfSGPF ■air Singapore Gifts Premiums Fair 2015 29-31 JULY 2015 Marina Bay Sands, Singapore Sands Expo and Convention Centre Level 1, Hall B&C 1 jt* m wLIFESTYLE RETAIL GIFTS HIGH-END LUXURY PRODUCTS ETC. I I I Block 8 Lorong BakarBatu, #07-07 Singapore *****3 L
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      60 18 HOT PROPERTY LORNIE 18 CLUSTER bungalow Resort Living. Superb layout with home lift. 4500sf onwards. 4+1+1 rms. 2 yrs lease. Rental neg. Full commission renewal to all Agents. NATURE PARK 3 sty Semi-d/ Bungalow 4+1 ensuite. 2900/ 5000 sqft. New DT line MRT. Owner LANDED PROPERTIES FOR RENT Check out
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      25 18 Rising costs and competition from e-commerce may result in reshuffling of local TCM retailers +&"0!-45*$ reshuffling of To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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      3899 19 NOTICES TOLL FREE 18 0 0-289-8822 I Email n o t i c e s s p h c o m s g I www.sphclass.com.sg/notices USP GROUP LIMITED (Incorporated In the Republic of Singapore) (Co. Reg. No: *****9104W) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual
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  • CONSUMER
    • Article, Illustration
      Lock icon Customers as gods in Japan keep productivity at lowest in G-7
      644 21 Service sector lagging behind because it has failed to embrace technology, unlike Japanese manufacturers BLOOMBERG Tokyo CUSTOMERS are gods, as a saying goes in Japan, where staff press buttons for shoppers in department store elevators and hotel porters line
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    • Article
      Lock icon Starbucks to enter sub-Saharan Africa in partnership deal
      250 21 BLOOMBERG Johannesburg STARBUCKS Corp coffee shops will open in sub-Saharan Africa for the first time after the world leader partnered Johannesburg-based franchiser Taste Holdings Ltd, whose shares soared to an all-time high. The two companies have signed an exclusive agreement to develop
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      Lock icon Web giants challenge menu aggregator Just Eat’s success
      628 21 BLOOMBERG London JUST Eat plc has ascended from a Danish basement startup to the London Stock Exchange over the past decade. Now its success is challenged by more established Web companies looking for a slice of the food-delivery market. Just Eat’s stock
      BLOOMBERG  -  628 words
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      25 21 Lifestyle An independent voice BTLifestyle offers a candid view of the food, arts, travel, design and entertainment scene in Singapore and beyond. businesstimes.com.sg/lifestyle btlifestyle thebusinesstimes
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      53 21 fl- L i ccf' VaJcttK O' Tap the best businesssminasswitn viewsithat metier. See possibilities? Be inspired. Subscribe to r®feji rtfesnow. I J&- I1IK IR.J3VKSS r:\IKS PRINT sGD$24.65 /month SMARTPHONE sgd$26.65 /month ONLINE sgd$26.65 /month iPad sgd$26.65 /month ESBH ALL-IN-ONE SGD$ 28.65 /month PRINT ONLINE SMARTPHONE IPAD JL Subscribe at btsub.sg/Jul15
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  • GOVERNMENT & ECONOMY
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      Lock icon Yellen: Economy on track for hike in interest rates this year
      535 22 US labour markets are expected to improve steadily, while turmoil abroad is unlikely to throw the US economy off track REUTERS Washington FEDERAL Reserve chair Janet Yellen said on Wednesday that the US central bank remains on track to
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      Lock icon Producer prices rise for second straight month in June
      593 22 LATEST US DATA REUTERS Washington US producer prices rose more than expected in June as the cost of petrol and a range of other goods rose, indicating the recent oil-driven downward spiral in prices was abating. But factory production failed to
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      Lock icon Wage growth in Britain accelerates even as jobless rate rises
      752 22 BLOOMBERG London UK wage growth accelerated to the fastest pace in more than five years while the jobless rate rose, creating a mixed picture for policymakers assessing the timing for the first interest rate increase. The pound fell. Total pay
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    • Article
      Lock icon More China importers to get subsidised govt loans
      279 22 REUTERS Beijing CHINA plans to give more of its importers subsidised loans as part of wider efforts to shore up the trade sector and support the world’s sec-ond-largest economy, the Chinese cabinet said on Wednesday after a weekly meeting. Hurt by anaemic
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      Lock icon Australia consumer confidence hit by global gloom: poll
      675 22 REUTERS BLOOMBERG Sydney A MEASURE of Australian consumer sentiment fell for a second straight month in July with households seemingly spooked by gloomy media coverage of events in China and Greece, underlying how volatile the mood has become. The survey of 1,200
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      Lock icon IMF demands debt sustainability for Greek bailout
      1140 23 Greece is more than 2b euros in arrears to IMF, and can’t receive any more aid until it catches up on payments NYT Frankfurt THE International Monetary Fund (IMF) said on Tuesday that it would remain involved in Greece’s bailout only if eurozone
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    • Article
      Lock icon EMA completes joint effort with Cambodia to raise electrical wiring standards
      427 23  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore SINGAPORE’S electricity industry regulator, the Energy Market Authority (EMA), on Wednesday announced the completion of its 16-month joint initiative to improve electrical wiring practices in Cambodia. Together with the Cambodian Ministry of
      427 words
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      Lock icon Poor Ramadan sales distress M’sian retailers
      271 23 REUTERS Kuala Lumpur AS the Muslim fasting month draws to a close, Malaysian retailers are lamenting the most dispiriting Ramadan sales in years, adding to evidence recent hard decisions on taxes and subsidies might be costing the economy its main growth engine. The fasting
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    • Article
      Lock icon Indonesia’s trade surplus narrows to US$477m in June
      358 23 REUTERS Jakarta INDONESIA’S trade surplus narrowed to US$477 million in June, with weak imports and exports underscoring concerns over weakening growth in South-east Asia’s largest economy. Faster falls in imports than exports have resulted in Indonesia posting monthly trade surpluses since December
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    • Article
      Lock icon India government spending drives borrowing costs down
      463 23 BLOOMBERG Mumbai PRIME Minister Narendra Modi has loosened government purse strings, swelling cash piles at Indian banks and driving short-term borrowing costs for local companies to a five-year low. One-year commercial-paper rates fell to 8.54 per cent last week, the lowest level since
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  • TRANSPORT
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      Lock icon Netherlands remembers MH17 victims
      660 24 Official efforts now turn to tracking down the perpetrators and putting them on trial AFP The Hague DUTCH flags will fly at half-mast on Friday as families remember those killed when flight MH17 was shot down over eastern Ukraine a year ago, with all efforts now
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    • Article
      Lock icon Indonesia uses drones, apps to tackle holiday traffic chaos
      703 24 AFP Jakarta FROM drones to smartphone apps, Indonesia is harnessing technology to tackle traffic chaos during the annual mass exodus before the Muslim Eid holiday, when the potholed roads of overpopulated Java become clogged with millions of slow-moving cars and crashes
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    • Article
      Lock icon Daewoo Shipbuilding heading for lowest close in almost 7 yrs
      377 24 BLOOMBERG Singapore DAEWOO Shipbuilding Marine Engineering Co is heading towards becoming the first major company in South Korea to plunge by 30 per cent after the country doubled the daily limits on stock fluctuations last month. The world’s second-largest shipbuilder
      BLOOMBERG  -  377 words
    • Article
      Lock icon FAA imposes safety limits on SkyWest after April incident
      394 24 BLOOMBERG Washington US aviation regulators imposed unusual speed and altitude restrictions on SkyWest Inc, a regional airline flying for several mainline carriers, after one of its planes temporarily plummeted out of control in April. The Federal Aviation Administration (FAA) said on
      BLOOMBERG  -  394 words
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      Lock icon Honda to return US$24m to minority borrowers
      393 24 WP Washington HONDA’S car-financing arm agreed to return US$24 million to minority borrowers to settle a Justice Department complaint that it overcharged them. Thousands of minorities paid higher interest rates on Honda car loans than white borrowers, according to a Justice Department complaint
      WP; PHOTO: AFP  -  393 words
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      144 24 ASIAN FEEDER DISCUSSION GROUP (AFDG) The following Feeder Operators wish to inform the trade of their Business Plan for the second half of 2015, as follows: RATE RESTORATION (RR) Rate Restoration with effect from 15 August 2015: For List "A" Ports ports in Cambodia, Indonesia, West Malaysia, Philippines, Thailand, Vietnam
      144 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    977 25 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
    977 words
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      181 25 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 TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 Highlight Your Company Anniversary <
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  • OPINION
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      Lock icon When it comes to the China bourse, it’s still better to tread with caution
      570 26 A CENTRALLY planned economy in China is widely seen as a good thing, particularly in the aftermath of the 2008 financial crisis when China unleashed a stimulus package worth four trillion yuan (S$842 billion then) that
      570 words
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      Lock icon Hard truths of World War II history
      836 26  -  THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 SINCE early this year, Beijing has been capitalising on the fact that 2015 marks the 70th anniversary of the end of World
      836 words
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      Lock icon ‘VULTURE’ VERSUS CHAEBOL IN KOREA
      1042 26  -  The dispute between Elliott Associates and Samsung over the merger of Cheil Industries and amsung C&T smacks of holdout tactics on the activist hedge fund’s part. BY SHIN JANG-SUP BY SHIN JANG-SUP T The writer is associate professor of economics at National University of Singapore
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      Lock icon Taking a journey into the unknown with Iran
      1170 27  -  COMMENTARY By Leon Hadar IT WOULD not be exaggeration to propose that very much like US President Richard Nixon’s historic visit to China in 1972 that opened the road to Sino-American rapprochement, the nuclear deal that Iran signed with the US and
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    • Article
      Lock icon SGX should identify overseas firms and risks of investing in them
      698 27  -  LETTER TO THE EDITOR Mak Yuen Teen I REFER to the announcement by Noble Group on July 14 that it has appointed David Yeow, a lawyer who is resident in Singapore, as a new independent director. On June 20,
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      Lock icon IRAN NUCLEAR ACCORD IS THAT BIG A DEAL
      1085 27  -  Pact to curb Teheran’s nuclear programme is a major historic landmark that could have profound geopolitical and economic consequences in the Middle East. BY ANDREW HAMMOND BY ANDREW HAMMOND T The writer is an associate at LSE IDEAS (the Centre for International
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      103 27 HAVE YOUR SAY Fax your letters to 6319-8277 or e-mail them to btletter@sph.com.sg Or write to: The Business Times, SPH HQ, 1000 Toa Payoh North, Podium Level 3, Singapore *****4. We need your full name, address and telephone number for verification. Please use temperate language, and bear in mind libel
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Everton squeaks past Stoke to reach Barclays final
      441 28  -  The Toffees will play in Saturday’s final at the National Stadium against either Arsenal or the Singapore Selection side. BY LEE U-WEN BY LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT Singapore SINGAPORE experienced English Premier League (EPL) fever on Wednesday as three of the league’s
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      Lock icon French wine barrels fetch top dollar
      655 28 AFP Jonzac, France CRAFTED by artisans using high quality oak, “Made in France” wine barrels in which age some of the world’s most expensive wines are selling like hot cakes abroad, with exports making up 70 per cent of the market. The barrels house
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    • Article
      Lock icon Human hand may be more primitive than chimpanzee’s: study
      405 28 AFP Paris STRONG fists for defending ourselves and opposable thumbs for work as fine as threading a needle hand specialisation is widely believed to have given humans a major evolutionary advantage. On Tuesday, scientists in the United States and Spain said
      AFP  -  405 words
    • Article
      Lock icon Will Millennials get tired of sharing?
      420 28 REUTERS New York WHAT does the Millennial generation’s culture of sharing mean for the future of the US economy? Millennials use AirBnb to share their homes. They share cars, thanks to Uber Pool and hourly car rental services like Zipcar. They go to Rent-the-Runway
      REUTERS  -  420 words
    • Article, Illustration
      Lock icon Going casual for launch of New York Men’s Fashion Week
      306 28 NYT New York IT’S not a fashion week if there isn’t a party. At the introduction of New York Fashion Week: Men’s on Monday night at Amazon Imaging Studio in Brooklyn, there were leggy models (women, not men), Amazon Fashion
      NYT; PHOTO: AFP  -  306 words
  • Page 28 Miscellaneous
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      353 28 CRYPTIC CROSSWORD Across 1 Pieces of eight? Start to find a great deal in the morning (7) 5 victorian-era relief from bad statute (4,3) 9 Wild hair getting this person in a state (5) 10 Electronics firm brackets I can reset for device (9) 11 Protection for pupils celebrated by
      353 words
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  • CEO CONVERSATIONS 2015 GOLDEN JUBILEE EDITION
    • Article, Illustration
      Lock icon People power
      534 1  -  Singapore may not have any natural resources to speak of, but its success has been built on a hardworking and resilient population BY LEE U-WEN A KEY strength of Singapore is its hardworking, adaptable, goal-oriented, and resilient population. Without the advantage of natural resources, Singapore has had to
      534 words
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      Lock icon Treating back and neck pain
      769 2 Neuro Spine and Pain Centre is part of a medical cluster that has helped establish Singapore’s reputation in the healthcare industry AS THE the number of office jobs grew in Singapore along with the country’s development, so has the number of people suffering from back
      PHOTO: JOSEPH NAIR  -  769 words
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      Lock icon Keeping a nation fit
      1104 3 Exercise equipment retailer AIBI has helped Singapore stay healthy and look good for 30 years WALK into the brand new corporate headquarters of fitness equipment retailer AIBI in Yishun, and a visitor can be treated to a tour of the company’s showroom, training centre and a
      PHOTO: JOSEPH NAIR  -  1,104 words
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      Lock icon Doing good and doing well
      1036 4 By providing free treatment for the elderly and the needy, B9 Dental Centre has lifted overall dentistry standards and changed more than a few lives in the process B9 DENTAL Centre may only be two years old, but its contributions to Singapore are already unmistakeable.
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      Lock icon Maintaining quality standards
      886 5 The Hatten Group of Companies is looking beyond Malaysia to extend its brand name to new territories but not at the expense of service standards Although significant numbers of Singaporeans have not been to Malaysia despite its close proximity to the city state, a great many frequently
      886 words
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      Lock icon The economic miracle
      996 6 / 7 ‘Over the past 70 years, the group has developed a deep understanding of both local and regional businesses which has enabled its companies to be leaders in their respective fields.’ CDL group CEO Grant Kelley ‘Our transformation is an ongoing process that allows us to constantly adapt
      996 words
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      Lock icon Pushing boundaries
      1060 8 From SI A stewardess to stockbroker to entrepreneur struggling with foreign worker quotas, Jun Low’s career has mirrored key events in Singapore’s history IN 2006, when Jun Low wanted to open a Chinese dim sum restaurant in Vivocity called hei she hui (secret society in Chinese), the Criminal
      PHOTO: JOSEPH NAIR  -  1,060 words
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      Lock icon Equipping a nation’s development
      883 9 JP Nelson has supplied construction equipment to some of the biggest infrastructure projects in Singapore EQUIPMENT and machinery supplier JP Nelson will be helping to build one of the largest man-made structures in Singapore Changi Airport's Terminal 5. The future terminal is expected to be about
      PHOTO: JOSEPH NAIR  -  883 words
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      Lock icon Spreading the good news of natural therapy
      982 10 Peter Lim sees his business as part of a health mission in nation-building WHEN Peter Lim walks on the streets, he is sometimes approached by strangers who recognise him as a pioneer in the organic food movement in Singapore. Seeing others believing and
      PHOTO: EZYHEALTH  -  982 words
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      Lock icon A ‘Singapore’ within Singapore
      1306 11 T32 Dental Centre aims to have a brand that denotes quality and assurance SINGAPORE may be a small market, but that has not gotten in the way of T32 Dental Centre’s growth. Like the city-state, the dental group aims to punch above its weight in the
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      Lock icon Supplying a nation’s household needs
      1077 12 After more than 30 years, TOYOGO has grown into a market leader in household and industrial plastic products MORE than 30 years ago, Singapore and Malaysia were rapidly growing. There was plenty of demand for plastic products for use at home, but what was available
      1,077 words
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      261 1 inside Treating back and neck pain 2 Keeping a nation fit 3 Doing good and doing well 4 Maintaining quality standards 5 The economic miracle 6-7 Pushing boundaries 8 Equipping a nation’s development 9 Spreading the good news of natural therapy 10 A ‘Singapore’ within Singapore 11 Supplying a nation’s
      261 words
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      218 2 BACK PAIN& NECK PAIN RELIEF ADVANCED SPINE AND BACK PAIN CENTER is a Specialist Center dedicated to advanced assessments and treatments for an early and good quality recovery from back and neck pain, and spine injury. The conditions we treat include spine injury, slipped discs in the spine, and spine
      218 words
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      168 3 A1B1 Shape Up Your Life L, i;U 4 -itKeeping our nation fit www.aibifitness.com Singapore Malaysia Indonesia India China Myanmar Taiwan Australia ACHIEVING INDIVIDUALS' BELIEFS THROUGH INNOVATION Fitness, Health and Beauty form the cornerstone of AIBI's 3-pronged wholesome approach to achieving a quality lifestyle. With this recognition, AIBI constantly makes fitness,
      168 words
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      164 4 O Dental Centre www.b9dentaL.com We have a passion for excellence in dental services. Each of our patients receives the very best advice and personal guidance for their situation. We provide professional treatments with skill, precision and absolute dedication based on fair, reasonable and transparent pricing. At all times, we ensure
      164 words
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      136 5 'A 4I BATTEN brings heart to hospitality Inspiring new experiences, Hatten brings heart to Hospitality with our thoughtfully designed signature hotels, each with its own character and class, yet all featuring Hatten’s trademark warmth and impeccable service standards. You can now indulge your every desire, here at Hatten, because we
      136 words
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      384 9 JP Nels€?n JP Nelson Kong A AO JPNelsgn anoi emiane TAIWAN JP Nels®n ETNAM tMB m Manila Ho Chi Minh Cijy PHJflPPINES DDI I K| ri JPNelsgn \q Bandar Seri Begawan A L AY SI A INGAPORE JPNelsn Your Reliable Partner In Equipment Solutions JP Nelson is ranked among the
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      576 10 THE WONDERS OF NATURE TECHNOLOGIES Researched -Health S-JAfellness HiFlo Water System One of world’s greatest water inventions from Japan, in harmony with body NeB Energy Research Research Wnr ri r earfinn and nnttinn ndn World’s leading and cutting edge technology Blendtec Blender The ultimate blender that satisfies c:i MNHKA f—
      576 words
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      135 11 T32 Junior T32 Implant Centre Kid’s Dentistry Braces Implant Care Treatment T32 Corporate Dentistry EXPERTISE SERVICE TECHNOLOGY Creative Dental Studio 3D Printing CAD I CAM •CEREC T32 Dental Academy EDUCATION DEVELOPMENT i New Flagship Centre at CapitaGreen Opening in September 2015 j DENTAL CENTRE T32DENTAL CENTRE One Orchard Boulevard 17th
      135 words
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      67 12 ■r nm v Specialist In Various Kinds Of Plastic Ware a li c TOYOGO. We Cater To All Your Needs Address No.21,23 TOYOGO Building Toa Payoh Lorong 8 Singapore *****6 Showroom No.2 Kallang Avenue CT Hub Singapore *****7 B SI rr CELEBRATE SINGAPORE 50TH BIRTHDAY 0 S > s Website
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