The Business Times, 25 July 2015

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Microfilm: NL33561
Total Pages: 48
1 12 The Business Times
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      51 1 LivingBTTHE BUSINESS TIMES WEEKEND JULY 25 26 2015 DECOR DELIGHTS New furniture and fittings outfits with unique offerings L2-5 TECH/DESIGN Melting pot of creativity L8 PHOTO: BORN IN COLOUR DINING Glamming up Kampong Glam L6-7 MOTORING Everyday supercar: Audi R8 V10 plus L11 BT CORPORATE GOLF LEAGUE It’s a hole-in-one!
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  • BT Living
    • LIVING
      • Article, Illustration
        Lock icon DECOR DELIGHTS
        2908 2 / 3  -  Unique offerings by these new outfits will give pleasant selection headaches to homeowners seeking furniture and fittings. By Tay Suan Chiang taysc@sph.com.sg @T aySuanChiangBT For The Common Goods 28 Kallang Place, #05-01 By appointment onlyZ6908-5049 www.forthecommongoods.com.sg HE studied electrical engineering, while she read law, but a common appreciation
        PHOTOS: FOR THE COMMON GOODS; PHOTOS: COURTS; PHOTO: VILLEROY & BOCH; PHOTOS: VILLEROY & BOCH; PHOTOS: JOHN LEWIS; PHOTOS: RENE VAN DER HULST, MOBEL STORY  -  2,908 words
      • Article
        Lock icon wine&dine
        865 4 / 5 with BTWeekend Peach Blossoms Marina Mandarin Singapore, 6 Raffles Boulevard, Level 5 Z6845-1118 All You Can Eat Dim Sum A la Carte Buffet From 1 August, Marina Mandarin showcases its new All You Can Eat Dim Sum A la Carte Menu at Peach Blossoms. Featuring a medley of new
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    • DINING
      • Article, Illustration
        Lock icon Glamming up Kampong Glam
        1988 6 / 7  -  The area’s grungy reputation is starting to fade as hair salons, fashion boutiques and cafes replace shisha joints to attract a new crowd. By Rachel Loi @RachelLoiBT rachloi@sph.com.sg SHISHA and grime used to be the calling cards of Kampong Glam. Anti-hipsters were drawn to the area
        PHOTOS: RACHEL LOI; PHOTOS: ALL IN; PHOTOS: AFTERWIT  -  1,988 words
    • TECH/DESIGN
      • Article, Illustration
        Lock icon Melting pot of creativity
        873 8  -  Japan’s largest content and creative solutions business exhibition, Content Tokyo, struck a perfect balance between new and old school media. By Dylan Tan By Dylan Tan dylantan@sph.com.sg @DylanT anSYBT IT’S not every day you’d find new media and traditional media seeing eye to eye, much less
        PHOTOS: CONTENT TOKYO  -  873 words
    • HEALTH
      • Article, Illustration
        Lock icon A coffee a day...
        1420 9  -  ...is harmless and can even be beneficial to your health Michael Lim ~Dr Lim is the medical director at Singapore Heart, Stroke Cancer Centre. He is also the founding editor of ‘Heart Asia’, a journal of the British Medical Journal Publishing Group. He has been appointed
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    • MOTORING
      • Article, Illustration
        Lock icon SG50 is also SA30 for Stuttgart Auto
        319 10  -  The company is celebrating its 30th anniversary as Porsche distributor. By Samuel Ee samuelee@sph.com.sg THE year 2015 may be SG50 but it also happens to be SA30. This year, Stuttgart Auto celebrates its 30th anniversary as the authorised Porsche distributor. To commemorate the
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      • Article, Illustration
        Lock icon Toyota’s big body shop
        316 10 Borneo Motors opens a new high-tech body and paint facility. By Samuel Ee samuelee@sph.com.sg BORNEO Motors Singapore (BMS) has opened the biggest automotive body and paint facility here for its Lexus, Toyota and Suzuki brands. The Inchcape Bodycare Centre (IBC) at 4 Pandan Crescent cost S$2.6
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      • Article, Illustration
        Lock icon EVERYDAY SUPERCAR
        673 11  -  The Audi R8 V10 plus combines supercar performance with everyday useability. By Samuel By Samuel Ee samuelee@sph.com.sg FIVE kmh may not sound like much in the world of fast cars but it is a pointed statement that the new Audi R8 is making. The second-generation mid-en-gined two-seater is
        673 words
    • BT CORPORATE GOLF LEAGUE 2015
      • Article, Illustration
        Lock icon Hole-in-one at last
        597 12  -  Team Crane Boomers’ Steve Lai walks away with an Audemars Piguet watch for the feat; Team Seagull Gayatri are at the top of the league ladder. By Justine Moss By Justine Moss THE second round of the 2015 Business Times Corporate Golf League didn’t just produce some
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      • Article, Illustration
        Lock icon In competitive mode
        471 12 AFTER two rounds, Team Cerebos are feeling excited about lying in seventh position on the table. “Last year we played in the social category and didn’t feel the buzz so we had already decided last year that we would come back to the competitive category in 2015,”
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      • Article, Illustration
        Lock icon Debutants’ time to shine
        170 12 LYING in a tie for eighth with a total score of 187 are league debutants Team Abeo Electra. Their philosophy has been to relax, enjoy the game and ambience, according to Abeo Electra’s regional marketing manager Wilson Kiew. “We are all golf enthusiasts and have heard
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  • Title Section
    Lock icon Masthead
    14 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g JULY 25-26, 2015 S$1.00 MCI (P) 052/08/2014
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  • Article
    Lock icon S$ corporate bonds in liquidity trap
    36 1 FINANCE MONTHLY trading volume falls sharply in the second half of 2014, hitting a year-low of about S$700 million in December before recovering to about S$1.4 billion in June. 6
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  • Article
    Lock icon Hedge fund turns bearish on China
    28 1 INVESTMENT THE CEO of Bridgewater Associates tells clients: “Our views on China have changed There are no safe places to invest.” 7
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  • Article
    Lock icon CCT eyes positive rental reversions
    37 1 REAL ESTATE ITS manager points out that the average rent of S$8.59 psf for leases expiring this year is still below the market rent of S$11.30 psf for grade-A office space. 10
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  • Article
    Lock icon US pension fund sues 22 banks
    31 1 BANKING THE case is seen as the first nationwide class action alleging a conspiracy to manipulate Treasury auctions that harmed both investors and borrowers. 17
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  • Article
    Lock icon Boundary report out and early GE beckons
    1076 1  -  Electoral panel recommends S’pore be split into 29 divisions: 13 SMCs and 16 GRCs By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore MORE Members of Parliament (MPs) and the disappearance of both a hotly contested ward and a constituency helmed by a minister: these are
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  • Article, Illustration
    Lock icon Record private home completions in Q2 send vacancies to a high
    1007 1  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A RECORD volume of private home completions in the second quarter sent the vacancy rate north, and as leasing demand could not keep up with the gush of completions, rents continued to ease.
    FILE PHOTO  -  1,007 words
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  • TOP STORIES
    • MARKETS
      • Article
        Lock icon STOCKS
        58 2 HSTI 3,352.65 (-3.72) HSTI FUTURES 3,338.00 (-9.00) GSIMSCI 377.16 (+0.10) HSIMSCI FUTURES 376.00 (-0.20) Friday Change KL COMP 1,720.76 -1.68 NIKKEI 225 20,544.53 -139.42 HANG SENG 25,128.51 -270.34 SET 1,438.08 -6.58 JAKARTA 4,856.60 -46.35 MANILA 7,665.52 +12.30 KOSPI 2,045.96 -19.11 SHENZHEN B 1,289.35 -20.72 MUMBAI IND 28,112.31 -258.53 11.45am
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      • Article
        Lock icon PRIME RATES
        29 2 SINGAPORE 5.35 MALAYSIA 6.85 HONG KONG 5.00 INDONESIA 14.807 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 2.70 SWITZERLAND 0.50 INDIA 14.75 Source: Bloomberg
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      • Article
        Lock icon FOREX
        49 2 US$ S$ US$ (S$ per US$) 1.371 (US$/S$ per 1.549 2.124 EURO (US$/S$/€ 1.095 1.502 Foreign currency per US$ S$ YEN 124.00 90.40 RM 3.808 2.776 HK$ 7.751 5.652 BAHT 34.89 25.44 RUPIAH 13,450 9,807 RENMINBI 6.210 4.528 INDIAN RUPEE 63.94 46.62 A$ 1.370 0.999 NZ$ 1.520 1.108
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    • Article, Illustration
      Lock icon New battleground
      191 4 The government has accepted the Electoral Boundaries Review Committee’s recommendations, setting the stage for Singapore’s next General Election. 2,460,977 Estimated number of electors as at Aug 1, 2015 GE 2011: 2,350,257 16 Group Representation Constituences GE 2011: 15 BT Graphics: Lee U-Wen, Simon Ang Hyrie Rahmat New divisions
      BT Graphics: Lee U-Wen, Simon Ang & Hyrie Rahmat  -  191 words
    • Article
      Lock icon S’pore manufacturing output slumps in June
      501 5  -  Industrial output shrinks 4.4% year-on-year due to broad-based declines in all clusters save chemicals By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore HOPES of a smooth recovery in Singapore’s manufacturing sector in the second half of the year may continue to be elusive as underlying growth
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    • Article
      Lock icon Lack of liquidity plagues secondary S$ corp bond market
      815 6  -  Credit ratings suggested as a solution but effectiveness seems debatable By Kenneth Lim kenlim@sph.com.sg @KennethlimBT Singapore LIQUIDITY in the secondary Sin-gapore-dollar corporate bond market remains patchy despite years of development, but there is little agreement in the industry on how to
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    • Article
      Lock icon KL suspends permits of 2 Edge publications
      858 6  -  By Pauline Ng btworld@sph.com.sg Kuala Lumpur THE publishing permits of The Edge Weekly and The Edge Financial Daily have been suspended for three months by Malaysia’s Home Ministry. But the group owned by tycoon Tong Kooi Ong –seems to have anticipated the suspensions,
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    • Article, Illustration
      Lock icon Hedge fund king turns bearish on China
      500 7  -  Bridgewater Associates CEO says there are now no safe places in the country to invest By Vikram Khanna vikram@sph.com.sg Singapore THE world's biggest hedge fund manager has done a U-turn on China. In the aftermath of the stock market rout which saw the
      PHOTO: BLOOMBERG  -  500 words
    • Article
      Lock icon CAAS awards S$17m to improve cargo, baggage handling processes
      258 7  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore EIGHT teams have been selected to develop prototypes that can transform manpower-intensive ways of handling baggage and cargo, Josephine Teo, Senior Minister of State, Ministry of Finance and Ministry of Transport, announced on Friday.
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    • Article
      Lock icon China’s flash PMI hits 15-month low in July; growth under pressure
      404 7 AFP Beijing A KEY gauge of Chinese manufacturing activity tumbled to a 15-month low in July, an independent survey showed, casting a pall over growth in the world’s second-largest economy. The preliminary reading of Caixin’s Purchasing Manager’s Index (PMI)
      AFP  -  404 words
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      50 2 CONTENTS LIVING Cover Story L2-5 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Transport 21 Govt Economy 22-25 Opinion 26-27 Wealth 28-30 Life Culture 31 Dining L6-7 Tech/Design L8 Health L9 Motoring L10-11 Golf L12
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      360 3 v v; -j- <^p BUY A LIMITED EDITION APARTMENT IN LONDON'S FIRST BRANDED RESIDENCES BY VERSACE HOME PRICES START FROM £690,000 GLOBAL LAUNCH ON 24, 25 AND 26 JULY VISIT US AT THE ST REGIS HOTEL, EMBASSY AND CONSULATE ROOMS, 29 TANGLIN ROAD, SINGAPORE BETWEEN 11AM AND 7PM Located in
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      235 5 THE SOUND VISION SPECIALIST The Headphone Bar SALE Parrot Zik 2.0 V Zik 2.0 i Zikmu Parrot Audeze AKG Audinst B&O Burson Westone shure Grade HiFiMAN Klipsch FiiO RHA KEF JAYS Cypher Labs Sennheiser Heir Audio WOO Audio Fischer Audio Ultimate Ears Harman Kardon Selection of over 200 models available
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Father of modern human resources
      2419 8 / 9  -  Rather than ‘roadblocks, impediments and policy police’, HR units can instead be enablers of business results, says consultant Dave Ulrich. By Kelly Tay By Kelly Tay kellytay@sph.com.sg @KellyTayBT TAKE it from Dave Ulrich, the professor famously known as the father of modern human resources. He
      PHOTO: SHAWN TEO  -  2,419 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon CCT still eyes positive rental reversions
      694 10  -  Q2 DPU inches up 0.5% on the back of higher rents, occupancies By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CAPITALAND Commercial Trust (CCT) is still expecting positive rental reversions ahead, after reporting a 0.5 per cent year-on-year rise in distribution per unit (DPU) for the
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    • Corporate digest
      • Article
        Lock icon DBS
        59 10 DBS’s head of institutional banking Jeanette Wong has been named one of the top 25 women in finance across AsiaPacific by regional financial trade magazine FinanceAsia. Ms Wong is the only Singaporean banker in FinanceAsia’ s 2015 honour roll of the most influential women in investment and commercial banking
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      • Article
        Lock icon QT Vascular
        55 10 QT VASCULAR, a developer of minimally invasive products for the treatment of vascular diseases, has entered into a US$13.14 million convertible debt investment to fund its next growth phase. This comes less than a month after the company entered into a US$12 million convertible bond investment to further
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      • Article
        Lock icon Singapore Post
        55 10 SINGAPORE Post’s (SingPost) chief financial officer Daniel Phua, 41, will be stepping down from the company to pursue other career aspirations, the courier service provider said in a statement on the Singapore Exchange on Friday. The exact date of Mr Phua’s departure will be announced once agreement has
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      • Article
        Lock icon Kitchen Culture
        95 10 KITCHEN Culture Holdings on Friday announced that its 70 per cent-owned subsidiary Kitchen Culture (Hong Kong) has bagged a contract worth HK$34.6 million (S$6 million) for the supply and installation of Eggersmann kitchen cabinets for the apartments in a prestigious residential development located at The Peak in Hong
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    • Article
      Lock icon Acquisitions lift Q2 distribution for Viva Industrial Trust
      411 10  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore ADDITIONS to its portfolio and some rental support gave a lift to second-quarter income for business park and industrial property landlord Viva Industrial Trust, which partly as a result was able to pay its manager 16
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    • Article, Illustration
      Lock icon Pennies rally but fail to sustain momentum
      718 11  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent PENNY stocks led the local market this week, but without the entry of a significant number of retail players, the momentum of the first half tapered off in the second. This did not come as a
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    • Article
      Lock icon FCOT raises S$142.1m from upsized private placement
      251 11  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore FRASERS Commercial Trust (FCOT), which owns commercial property in Singapore and Australia, said on Friday that it has raised gross proceeds of S$142.1 million from an upsized private placement. The trust manager also said in a press
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    • Article
      Lock icon AIA S’pore: H1 new business value up 19%
      381 11  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore INSURER AIA Singapore has posted a 19 per cent year-on-year increase in value of new business (VONB) to US$142 million for the six months ended May 31, 2015, driven by sales of new long-term packaged participating
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    • Article
      Lock icon STI STOCKS
      311 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 248 +4 250/245 271 219 5.9 6275.4 CapitaLand 341 -3 345/340 379 293 12.5 2.6 *****.9 CapitaMall Trust 214 cd +1 216/212 228 188.5 5.1 7425.2 CityDev 975 -3 984/973 1095 915
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    • Article
      Lock icon SGX ETFs Most Active
      110 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US764 -2 335 764/760 1000/696 760/764 95.5 STI ETF 341 -1 157 342/340 355/319 340/341 UETF SSE50China 270 -5 140 279/269 340/147 269/273 84.4 DBXT MSBrazil US$ US324 -24 66 325/324 614/323
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    • Article
      Lock icon SIBOR
      28 12 Jul 24 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 0.***** Source: Thomson Reuters
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      783 12 For week beginning Jul 20 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) G.K. Goh 23-Jul-15 Goh Yew Lin *Buy 54 0.92 *****1 59.74 *****5 59.75 G.K. Goh 23-Jul-15 Goh
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 12 MAIN Up Down Unch Multi Ind 6 7 1 Manufacturing 45 54 41 Commerce 16 25 14 Tpt/Stor/Comms 11 18 9 Finance 6 11 4 Construction 3 13 9 Properties 22 16 11 Hotels/Rsts 1 5 3 Services 26 33 21 Elect/Gas/Water 1 1 0 Agriculture 2
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 10,692 10,692 62,634 62,634 Manufacturing 465,637 86,347 551,984 94,726 4,994 99,720 Commerce 180,423 39,952 220,375 98,063 1,982 100,045 Tpt/Stor/Comms 106,050 38,427 144,477 143,946 3,872 147,817 Finance 20,875 71 20,946 114,007 18 114,025 Construction 29,120 15,317
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 12 Jul 24 VALUE CLOSE BT OB/OS 253.00 -62.00 BT CADI -*****.00 -62.00 BT 10-day MA -*****.00 +25.00 FTSE ST Mid Cap 755.26 +0.66 FTSE ST Small Cap 468.59 -1.53 FTSE ST All Share 801.52 -0.75 FTSE ST China Top 194.17 -0.15 FTSE ST China 235.74 +0.68 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 12 VOL CLOSE($) CHANGE Chinese Global 5,191.5 0.020 +0.015 +300.00 Sunpower 21,608.3 0.250 +0.030 +13.64 Lasseters Intl 193.0 0.055 -0.013 -19.12 ChinaSing Inv 10.0 0.022 +0.002 +10.00 China Intl 566.0 0.026 +0.007 +36.84 Dapai Intl^ 36,083.1 0.024 +0.005 +26.32 Suntar Eco-City 100.0 0.070 +0.003 +4.48 SingWindsor 424.0 0.400 +0.025
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    • Article
      Lock icon COMMODITY FUTURES
      193 13 Jul-23 Price Net change change Last Trade Agricultural Jul-23 CBOT Soybeans (US cents/bu) 1010.00 -10.75 -1.05% 14/08/2015 CBOT Soybean Oil (US cents/lb) 31.19 -0.16 -0.51% 14/08/2015 CBOT Wheat (US cents/bu) 521.50 4.75 0.92% 14/09/2015 Jul-23 LIFFE Cocoa (£/tonne) 2165.00 -15.00 -0.69% 15/09/2015 LIFFE Coffee (US$/tonne) 1800.00 -20.00 -1.10%
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    • Article
      Lock icon PALM OIL
      57 13 Jul 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 15 2174.0 2180.0 2183.0 2174.0 61 5041 Sep 15 2183.0 2178.0 2184.0 2174.0 3401 ***** Oct 15 2182.0 2178.0 2186.0 2174.0 ***** ***** Nov 15 2192.0 2187.0
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    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      202 13 Most active Jul 24 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left FTSEChinaA50 ***** MBeCW*****9 14.6 -2 ***** 0.0 --2 FTSEChinaA50 ***** MBeCW*****9 10.3 -1.9 4907 0.0 2 GRP Ltd W*****7 0.3 unch 1600 1 8 4 Elektromotive Group
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      373 13 In local curr In S$ In US$ dy yr dy yr dy yr Jul 23 Index Change Change Change Change Change Change World Preliminary 1347.7 -0.1 5.6 0.1 6.7 -0.1 3.3 EAFE Preliminary 1094.9 0.1 11.0 0.4 9.2 0.3 5.8 Europe Preliminary 1522.0 0.0 10.2
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    • Article, Illustration
      Lock icon STOCK MARKETS
      2 13
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      Lock icon GOVERNMENT SECURITIES
      76 13 Jul 24 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****Z 02-May-16 0.94 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.34 5-Year N*****0S 2.000 01-Jul-20 99.72 99.90 99.75 10-Year NX*****Z 2.375 01-Jun-25 97.51 97.75
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 13 Jul 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0006 1.0013 0.7297 0.7301 Canadian dollar 1.0522 1.0526 0.7675 0.7673 Euro 1.5016 1.5020 1.0950 1.0952 NZ dollar 0.9018 0.9025 0.6576 0.6581 Sterling pound 2.1233 2.1240 1.5484 1.5488
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    • Article
      Lock icon First Sponsor posts Q2 turnaround
      323 14  -  Chinese developer achieves S$7.62m profit; IPO expenses contributed to year-ago quarter’s loss By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore AMID uncertainty in the China property market, Chinese property developer First Sponsor Group has achieved a net profit of S$7.62 million for its second quarter ended
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    • Article, Illustration
      Lock icon Hard-pressed Noble launches Investor Information Day to quell market fears
      382 14  -  By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore AFTER suffering yet another blow to its stock price, distressed commodities trader Noble Group on Friday swooped in to reinstill confidence in its company. For the first time ever, the Hong Kong-based trader
      Source: Bloomberg  -  382 words
    • Article
      Lock icon ASX-listed Stanfield in deal to acquire startup Sprooki
      402 14  -  By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore AUSTRALIA-listed Stanfield Funds Management has struck a deal to acquire Singapore-based Sprooki, the startup that provides malls and retailers with a location-based mobile engagement platform to win more customers Essentially, Sprooki’s marketing software helps malls and
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  • Page 14 Advertisements
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      Lock icon Page 14 Advertisements Column 1
      518 14 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF NEUMETAL VENTURE PTE. LTD. REGISTRATION NO.: *****2090R At an Extraordinary General Meeting of NEUMETAL VENTURE PTE. LTD. duly convened and held at 1 Kim Seng Promenade, #07-01 Great World City, Singapore *****4, on 24th July 2015
      518 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Central Region office rent index dips 2.6% in Q2
      674 15  -  URA’s Central Region retail rental index slips 0.5% after easing 0.3% in Q1 By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE Urban Redevelopment Authority’s Central Region office rental index slid 2.6 per cent quarter on quarter in the second quarter of this
      Source: URA  -  674 words
    • Article
      Lock icon HDB resale prices expected to reach bottom of price cycle soon
      675 15  -  By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore WITH final figures from the Housing Development Board (HDB) confirming a 0.4 per cent drop in HDB resale prices here in the second quarter, property market watchers believe that the public housing market
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    • Article
      Lock icon Househunt
      1047 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JUNE 10 AND JUNE 16, 2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 14 NON-LANDED Dakota Residences Apt 10/06/2015 99 1044 1450 1389 East Shine Apt 12/06/2015 FH 980
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  • Page 15 Advertisements
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      64 15 SEAFRONT BUNGALOW, SENTOSA COVE Located on Ocean Drive 2 storey Villa with basement Land *****sqft, Built-up 8600sqft approx 5 spacious bedrooms all ensuite Designer Poggenpohl kitchen Private pool personal lift Park 5 cars Sea and Marina Bay skyline views Expression of InterestClosing Date: 21 Aug (Fri) 3pm SOLE MARKETING AGENT
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  • BANKING & FINANCE
    • Article
      Lock icon Pension fund sues 22 banks over Treasuries
      474 17 Nationwide class action alleges a conspiracy to manipulate Treasury auctions that harmed investors and borrowers Reuters New York TWENTY-two financial companies that have served as primary dealers of US Treasury securities were sued in federal court on Thursday, in what was described as
      Reuters  -  474 words
    • Article, Illustration
      Lock icon Top global financial firms exit Russia as economy slumps
      536 17 Bloomberg Moscow FROM Franklin Templeton Investments to BNP Paribas SA, global financial firms that once pushed to expand in Russia are pulling out as prolonged sanctions deepen the country’s first recession since 2009. Franklin Templeton, which oversees almost US$900 billion of
      Bloomberg; PHOTO: REUTERS  -  536 words
    • Article
      Lock icon Citi announces Asia-Pacific mobile challenge
      404 17  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore CITI has announced the launch of Citi Mobile Challenge in AsiaPacific, part of the company’s drive to foster digital and mobile innovation in banking. Francisco Aristeguieta, Citi’s Asia-Pacific CEO, said the Citi Mobile Challenge is an accelerator that
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  • ENERGY & COMMODITIES
    • Article, Illustration
      Lock icon Ugly duckling refineries turning into swans
      896 18 An end to the oil boom spurs a focus on refining instead of drilling Bloomberg London OIL companies’ least-loved business over the past five years is proving to be their lifeline. Margins from refineries in north-west Europe rose fivefold last quarter to the highest
      Bloomberg; PHOTO: BLOOMBERG  -  896 words
    • Article
      Lock icon World’s top iron-ore miner swells output despite glut, bear market
      464 18 Bloomberg Rio de Janeiro VALE SA boosted iron-ore production last quarter to the second-high-est ever for the company, exceeding analysts’ estimates and worsening a supply glut that saw prices of the steelmaking ingredient collapse. Iron-ore output rose 7.4 per cent
      Bloomberg  -  464 words
  • Page 18 Advertisements
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      50 18 HOT PROPERTY THE HILLS ARE Alive! Pasir Panjang Semi-d Pool/Parking 4+2+balcony+patio. Tasteful See full slide show on www isabelredrup.com/ir25.php$5.75m. $3M! SUNGROVE SEMI-D 5+1 Huge 8170 sf built up. 2 car lots. Facilities. Great location. Quiet. HOUSES FOR SALE Check out these properties and more in The Straits Times Classified now!
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  • TECHNOLOGY
    • Article
      Lock icon EU antitrust body goes after US studios
      879 19 It is charging six US studios and Sky UK with unfairly blocking access to films and other content NYT Brussels ALONG with the proliferation of Web-based television services and pressure to make movies available for download sooner, Hollywood studios are facing a new
      NYT  -  879 words
    • Article, Illustration
      Lock icon BlackBerry prepared to move past smartphones, says CEO
      490 19 Bloomberg Toronto BLACKBERRY Ltd may be forced to stop making smartphones if turnaround efforts fail to gain traction, chief executive officer John Chen said. The company could still reduce the number of models, discontinue low-end devices and focus more on professionals and
      Bloomberg; PHOTO: REUTERS  -  490 words
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  • CONSUMER
    • Article, Illustration
      Lock icon Amazon shares soar on surprise profit
      559 20 Online retailer forecasts third-quarter revenue above estimates and reports strong sales in North America Reuters San Francisco AMAZON.COM Inc shares surged more than 17 per cent on Thursday as the online retailer posted an unexpected quarterly profit, pushing its market value above that of
      Reuters; PHOTO: BLOOMBERG  -  559 words
    • Article
      Lock icon Nikkei breaks into English news at last – with FT buy
      530 20 Nikkei breaks into English news at last with FT buy Reuters London NIKKEI’S US$1.3 billion purchase of the Financial Times from Britain’s Pearson Plc marks the culmination of decades of attempts by the Japanese household name to break into mainstream English-language media. The Japanese media group’s flagship newspaper enjoys a
      Reuters  -  530 words
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon China to allow wider yuan trading range
      458 22 State Council says it will improve exchange rate mechanism Bloomberg Hong Kong CHINA will allow the yuan to trade in a wider range against the US dollar, the State Council said, without giving a timing or scope for the potential adjustment. Flexibility will
      Bloomberg  -  458 words
    • Article
      Lock icon Traders protest, say proposal by Indian govt curbs RBI independence
      201 22 Reuters Mumbai PROPOSALS from an Indian government panel reviewing monetary policy rattled markets on Friday, as foreign and domestic traders said that a move to increase the government’s weight in decision-making could undermine the central bank’s independence. Under the panel’s
      Reuters  -  201 words
    • Article, Illustration
      Lock icon Freedom vital for business, creativity: HK Chief Secretary
      583 22  -  By Caithlin Ng caithng@sph.com.sg Singapore CHIEF Secretary for Administration of Hong Kong, Carrie Lam, delivered the opening remarks at Friday’s Spotlight Hong Kong in Singapore symposium, addressing the key to the city’s entrepreneurship and creativity success, as well as the role of
      583 words
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      Lock icon Political uncertainty ahead for Philippines
      684 24 Next year’s change of govt is making many investors cautious about nation’s prospects Reuters Manila THE Philippines has been a magnet for foreign investment over the past five years, pushing its stock market to record highs and lowering the cost of its debt, but next
      Reuters; PHOTO: AFP  -  684 words
    • Article
      Lock icon Indonesia regulator to ease bank lending risk rules to boost economy
      382 24 Bloomberg Jakarta INDONESIA’S financial regulator is allowing banks to take higher risks when disbursing loans, seeking to stimulate growth in South-east Asia’s largest economy from a more-than five-year low. The Financial Services Authority will relax risk-weighted asset rules for
      Bloomberg  -  382 words
    • Article
      Lock icon China answers Japanese oil rig concern with joint development offer
      271 24 Bloomberg Beijing CHINA repeated a call on Friday for talks with Japan over joint development of gas and oil resources in contested waters in the East China Sea. The offer comes days after Japan disclosed a map and photographs of
      Bloomberg  -  271 words
    • Article, Illustration
      Lock icon Troika returns to Athens as Tsipras submits to demands
      866 25 Greek PM is racing to complete negotiations on 3rd bailout in 5 years Bloomberg Athens THE troika is back. Six months after former Finance Minister Yanis Varoufakis gave them the boot, Greece’s three main official creditors are sending representatives back to
      Bloomberg; PHOTO: REUTERS  -  866 words
    • Article, Illustration
      Lock icon Russia setting up ratings company
      334 25 Bloomberg Moscow RUSSIA is creating its own ratings company to withstand “geopolitical risks” after two of the three biggest credit assessors downgraded the country to junk status this year. Ekaterina Trofimova, OAO Gazprombank’s first vice-presi-dent and a former banking analyst for Russia and former Soviet
      Bloomberg; PHOTO: REUTERS  -  334 words
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      110 23 Eating out has changed, but the joy stays the same. T!i![['i r I i i mm i i o-s-sA > r vvi u. lIHftWj,' ■IB T s r t -Z r M A > 9®* *3 VO w 1 js A s <rk »y MM S| \l IS I I'll
      110 words
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  • OPINION
    • Article, Illustration
      Lock icon Indonesian mining firms find it tough going
      1567 26 / 27 A ban on mineral exports since 2014 is proving untenable. By Stefanus Ian ~The writer is a freelance photojournalist IT WAS barely four in the morning and Rosmin Mulyadi was already ferrying passengers. Armed with a Nokia analogue phone, he was busy answering
      PHOTO: STEFANUS IAN  -  1,567 words
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      Lock icon Greece needs growth initiative with international support
      589 26 / 27  -  By Plutarchos Sakellaris ~The writer is a professor at Athens University of Economics and Business and a former vice-president of the European Investment Bank Athens GREECE needs the combined forces of three large international financial institutions in an action programme to get back
      PHOTO: AFP  -  589 words
  • Page 26 / 27 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
      • Article, Illustration
        Lock icon The race towards zero will go nowhere
        756 28 / 29  -  Rather than pretend that they can return to normalcy, central banks should be devising ways to adapt to a low-rate world William Pesek Bloomberg View FOR decades, central banks lorded over markets. Traders quivered at the omnipotence of monetary authorities their every move,
        Bloomberg View; PHOTO: BLOOMBERG  -  756 words
      • Article
        Lock icon Call to exit emerging markets before US rates rise
        359 28 / 29 Bloomberg Copenhagen GET out of emerging markets before the US Federal Reserve starts raising interest rates. That’s the position of Danica, the pension fund unit of Danske Bank, Denmark’s biggest bank. The fund, which oversees about US$50 billion in assets, says
        Bloomberg  -  359 words
      • BROKERS'TAKE
        • Article
          Lock icon Keppel Corp
          140 28 / 29 Hold KGI Fraser Research, July 24 Close: S$8.12 Target price: S$8.44 KEPPEL has managed to win S$1.5 billion of new orders this year, bringing its net orderbook to S$11 billion. However, we see the bear cycle in oil markets far from being over. Fundamentally, oil markets are still
          140 words
        • Article
          Lock icon OSIM International
          240 28 / 29  -  Compiled by Cai Haoxiang Add CIMB Research, July 24 Close: S$1.54 Target price: S$2.06 FOLLOWING a disastrous Q1 2015, Q2 2015 showed very healthy recovery trends that encourage more confidence about the sales prospects of new OSIM products. Share price has de-rated significantly to 14.5 times 2015 earnings,
          240 words
      • Article, Illustration
        Lock icon Professionalising management of the family business
        1106 30  -  A good family governance framework will evolve through the generations and adapt to changes. WEALTH INSIGHTS By Rob Ioannou, Sandeep Sharma ~The writers are co-heads of global private banking for South-east Asia, HSBC Private Bank WE know of successful business families who manage to
        PHOTO: FREEIMAGES  -  1,106 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon OCBC Cycle champions cycling as a way of life
      531 31  -  Registration for the event on Aug 29 and 30 closes on Monday By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore JUST five weeks to go before this year’s OCBC Cycle event gets under way, and all signs point to an action-packed weekend for
      FILE PHOTO  -  531 words
    • Article, Illustration
      Lock icon Steve Lai wins S$56K watch for BT Corp Golf hole-in-one
      245 31  -  By Justine Moss btworld@sph.com.sg Singapore Singapore AFTER 27 years of playing golf, Steve Lai finally got his first hole-in-one during the second round of the The Business Times Corporate Golf League 2015 on Wednesday. A member of The Crane Boomers
      245 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      315 31 CRYPTIC CROSSWORD Across 1 Soap needed by heavy drinker getting this at teatime? (6,4) 6 Place restrictions on dog beginning to bark (4) 10 Show womaniser with a change of heart (5) 11 Build an exciting picture of a girl some fancy (9) 12 Person making a mockery of a
      315 words
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      40 32 THERE ARE EXCEPTIONS TO EVERY RULE. MILLENARY IN PINK GOLD. SINGAPORE AUDEMARS PIGUET BOUTIQUE FORUM THE SHOPPING MALL 583 ORCHARD ROAD, #01-05/06 TEL (65) 6836 4918 THE SHOPPES AT MARINA BAY SANDS CASINO LEVEL B2M-207 TEL (65) 6688 7595 AUDEMARSPIGUET.COM
      40 words
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      41 1 25-26 JULY 2015 THE BUSINESS TIMES WEEKEND HET U6 J2-52 yr Ga rGa REAYLP SINGAPORE IS THE BEST RUN COUNTRY IN THE WORLD THE AUDI INTERVIEW JOEY CHANG SPEAKS ON GOLF’S FUND-RAISING FUNCTION BOB CARNEY WHY GOOD GOLFERS ARE HAPPY FOOLS
      41 words
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  • Swing
    • editor’s letter
      • Article, Illustration
        Lock icon SAVOUR THE GAME OF LIFE
        716 2  -  BY S. MURALI Imagine a week like this, if you will. Travel to the home of golf in St Andrews, Scotland, to watch the 144th British Open where you meet and shake hands with Tiger Woods, Arnold Palmer, Gary Player, Mark O’Meara and Phil Mickelson.
        716 words
    • Article, Illustration
      Lock icon FIT FOR A LEGEND
      1149 4  -  Rolex testimonee players in tournaments in a round-table 79-year-old FIT FOR A LEGEND testimonee and ambassador Gary Player is widely regarded as one of the greatest in the history of golf. Known as the Black Knight, he has won more than 165 tournaments worldwide including nine
      photo courtesy of Rolex  -  1,149 words
    • british open20t5
      • Article, Illustration
        Lock icon MASTERS OF THE GAME
        856 5  -  The Rolex brand amazing MASTERS Rolex brand shows amazing clout in golf with spontaneous surprise for photojournalists at the British Open at St Andrews. Its senior strategic adviser believes it is the strong association it has with organisations like the American Junior Golf Association that has
        photo courtesy of Rolex  -  856 words
    • Article, Illustration
      Lock icon WHY GOOD GOLFERS ARE FOOLS
      1115 6 / 7  -  GOLFERS FOOLS BY BOB CARNEY he happiest golfer knew was Peggsy. this the greatest?” his mantra from parking lot to putt, no lferIev st?” mthe thelast omatter he happiest golfer I ever knew was Peggsy. “Isn’t this the greatest?” was his mantra from the parking
      1,115 words
    • Article, Illustration
      Lock icon GOLF HEALS
      388 6 / 7  -  STAYING ACTIVE SPEEDS UP HEALING OF ANKLE INJURY Dr Beng Teck Liang (left), 44, chief executive officer of Singapore Medical Group (SMG), and Dr Andrew Dutton (right), 42, medical director and orthopaedic surgeon, SMG Orthopaedic Group, talked at Marina Bay Golf Course about Dr Beng’s recent injury and
      photo by Greg Ceo/Getty Images, TNP photo: Saranya Mahendran  -  388 words
    • Singapore scene
      • Article, Illustration
        Lock icon WHY SEAGULL GAYATRI ARE TOPS
        645 8  -  Single-handicappers WHY GAYATRI perfectly blended with steady midhandicap players, and garnished with elderly high-handicappers. The resulting dish is a palatable one that gives true meaning to Gayatri, the popular South Indian restaurant. BY GODFREY ROBERT The topping better still greasing is provided by Seagull Pte
        645 words
      • Article, Illustration
        Lock icon SWING IN STYLE
        258 10 / 11  -  TSWINGechnology PLAY I COOL ON THE GREEN AND 19TH HOLE TSWINGechnology has been green and after the materials I N STYLE PLAY I COOL ON has been weaved into golf fashion, keeping you cool on the green and after the game. This season, Puma strategically placed adaptive
        Photography; Jet & Seto Styling: Kovit Ang Location: Fabrika @ Klapsons Hotel Hair & Make Up: Sha Shamsi using Urban Decay and Sebastian Professional. All golfing apparels from Puma Golf, and golfing clubs from Cobra Puma Golf. Special thanks to Mr Darren Tan who appears as a bartender and Mr Alex Loh for arranging the location.  -  258 words
    • Article, Illustration
      Lock icon A PURSUIT OF EXCELLENCE
      770 9  -  A PRESENTED BY PURSUIT s founder and and leading the leading Network (“ESDN”), that allows He is equally causes, Movement handicapper, s founder and CEO of AXS, Joey Chang, 50, has spent 15 years building up the business and leading the company. His vision has helped
      tnp photo: Choo Chwee Hua, courtesy of Audi  -  770 words
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      149 3 BRANDS ■SCI" <a. 4 r. r Si .-f. iSgiaftSwfc -c^ im. m nn r V'.#155 VM < K* /V'. v j. fcK I 1 .> m ;-y <4 1 .A: a£v J60 ActivMove BRAND'S® ActivMove. One tablet. Twice the effectiveness. BRAND’S® ActivMove contains a 360° Flexi-Boost formula created with a
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      171 6 / 7 Zach Johnson New Pro Vlx The Open Championship Winner mrs tMcGladrey Transamek** o THE DIFFERENCE IS REALIZING A DREAM To achieve a dream, especially on golf’s biggest stage against the best players in the world, requires believing in your swing, your game and your equipment. Titleist Brand Ambassador Zach Johnson
      171 words
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      31 12 OYSTER PERPETUAL DATEJUST 31 t ROLEX B cortmawatch CHINATOWN POINT, #01-08/09. TEL: 6702 0061 PARAGON, #01-13. TEL: 6235 0084 RAFFLES CITY, #OI-36A. TEL: 6339 9185 WATCH FEATURED SUBJECT TO STOCK AVAILABILITY
      31 words