The Business Times, 28 August 2015

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Microfilm: NL33587
Total Pages: 68
1 32 The Business Times
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  • Title Section
    Lock icon Masthead
    31 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) 039/08/2015 Friday, August 28,2015
    31 words
  • DAILY DIGEST
    • Article
      Lock icon Energy costs in Singapore
      30 1 could become the Achilles heel of the petrochemical industry here in the long term, the top honcho of a multinational chemical firm has warned.TOP STORIES 4
      30 words
    • Article
      Lock icon Defying market pessimism,
      25 1 Bank of Japan governor Haruhiko Kuroda has claimed that China’s economy can maintain 6 to 7 per cent annual growth.TOP STORIES 5
      25 words
    • Article
      Lock icon Rowsley Ltd
      25 1 is investing in a £200 million project named St Michael’s with former Manchester United stars Gary Neville and Ryan Giggs. COMPANIES MARKETS 6
      25 words
    • Article
      Lock icon Young companies
      35 1 are making their presence felt on the Fastest Growing 50 list, with 22 of the businesses having a lifespan of less than 10 years, including seven in the top 10. COMPANIES MARKETS 9
      35 words
    • Article
      Lock icon The DeGrussa copper
      25 1 and gold mine in Australia is getting a solar farm, the latest example of the industry embracing clean energy. ENERGY COMMODITIES 13
      25 words
    • Article
      Lock icon YouTube has stepped
      15 1 into the world of game-streaming with the launch of YouTube Gaming.TECHNOLOGY 14
      15 words
    • Article
      Lock icon The rout in China stocks
      21 1 is posing another threat to the world’s biggest car market, jeopardising growth plans for companies.TRANSPORT 18
      21 words
    • Article
      Lock icon British house prices
      19 1 rose this month at the slowest annual pace in more than two years. REAL ESTATE 19
      19 words
    • Article
      Lock icon The Indonesian government
      16 1 has widened an existing policy of tax holidays for industrial investors. GOVT ECONOMY/24
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  • Article
    Lock icon MARKETS
    27 1 Thursday Change STI 2,945.43 +72.43 KL COMP 1,601.70 +21.33 NIKKEI 225 18,574.44 +197.61 HANG SENG 21,838.54 +758.15 SHENZHEN B 1,053.85 +23.50 DOW (11.45am EDT) 16,539.51 +254.00
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  • Article, Illustration
    Lock icon Asia markets rally, but China bogeyman still lurking in shadows
    847 1  -  Analysts say buying opportunities exist for investors, but advise caution as more shocks may come By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore A RELIEF rally cut a swathe across Asia markets on Thursday, soothing frayed nerves after days of staggering falls
    PHOTO: AFP  -  847 words
  • Article, Illustration
    Lock icon Productivity Council in tie-up to boost process construction and maintenance sector
    563 1  -  3-year partnership with Texas institute will see the launch of best practices, metrics and benchmarking for industry By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THE new industry-led Productivity Council for the process construction and maintenance (PCM) sector key to the
    FILE PHOTO  -  563 words
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  • SINGAPORE GENERAL ELECTION
    • Article, Illustration
      Lock icon ‘Pick MPs who can help steer S’pore through challenges’
      839 2  -  Swee Say: Beyond managing town councils, MPs must be able to contribute to running S’pore, which is ageing rapidly and hitting the limit in workforce and population growth By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE manner in which the government grew
      PHOTO: KEVIN LIM/THE STRAITS TIMES  -  839 words
    • Article
      Lock icon Veteran PAP MP Charles Chong to contest in Punggol East
      445 2  -  Six-term MP will battle incumbent Lee Li Lian of the Workers’ Party By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore SIX-TERM People’s Action Party (PAP) MP Charles Chong is the man tasked with wresting the Punggol East single seat ward back from
      445 words
    • Article, Illustration
      Lock icon SDP unveils psychologist and auditor as candidates
      562 2 This is the third batch of candidates the party has revealed. It has not said where it will field them THE STRAITS TIMES Singapore THE Singapore Democratic Party (SDP) unveiled two more candidates on Thursday, psychologist John Tan and auditor Sidek Mallek. At
      THE STRAITS TIMES; PHOTO: LIM SIN THAI/THE STRAITS TIMES  -  562 words
    • Article, Illustration
      Lock icon WP unveils more candidates, reiterates ‘responsible opposition’ role
      609 2  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE Workers’ Party (WP) on Thursday presented its second batch of candidates, who, like the group before them, emphasised the party’s pledge to be rational and responsible voices of opposition. The four new faces introduced were
      PHOTO: DESMOND FOO/THE STRAITS TIMES  -  609 words
    • Article
      Lock icon Reform Party names candidates for West Coast GRC and Radin Mas SMC
      359 2 THE STRAITS TIMES Singapore THE Reform Party (RP) on Thursday introduced its candidates contesting in West Coast group representation constituency (GRC) and Radin Mas sin-gle-member constituency (SMC) at the Sept 11 polls. Kumar Appavoo, 46, will stand in
      THE STRAITS TIMES  -  359 words
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  • TOP STORIES TOP STORIES
    • Article
      Lock icon Swiss watch exports dipped after Apple Watch’s debut
      640 4  -  Swiss watch body mum on July’s fall, but says strong Swiss franc made H1 a tough time By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore SWISS watch exports, including those to Singapore, took a hit a month after after the Apple Watch was
      640 words
    • Article
      Lock icon Swiss watch exports dipped after Apple Watch’s debut
      639 4  -  Swiss watch body mum on July’s fall, but says strong Swiss franc made H1 a tough time By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore SWISS watch exports, including those to Singapore, took a hit a month after the Apple Watch was shipped
      639 words
    • Article, Illustration
      Lock icon Lanxess reiterates concern about Singapore’s energy costs
      976 4  -  Hng Kiang: S’pore working with companies on energy efficiency projects By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore ENERGY costs in Singapore could become the Achilles heel of the petrochemical industry here in the long term, the top honcho of a multinational chemical firm has
      PHOTOS: THORSTEN MARTIN  -  976 words
    • Article, Illustration
      Lock icon Lanxess reiterates concern about Singapore’s energy costs
      976 4  -  Hng Kiang: S’pore working with companies on energy efficiency projects By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore ENERGY costs in Singapore could become the Achilles heel of the petrochemical industry here in the long term, the top honcho of a multinational chemical firm has
      PHOTOS: THORSTEN MARTIN  -  976 words
    • Article
      Lock icon Business receipts in services industry rise 3.5% year on year in Q2
      273 4  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore TURNOVER in the services industry in Singapore grew 3.5 per cent year on year in the second quarter of 2015, with only the recreation personal services segment recording a decline, data released
      273 words
    • Article
      Lock icon Business receipts in services industry rise 3.5% year on year in Q2
      273 4  -  By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore TURNOVER in the services industry in Singapore grew 3.5 per cent year on year in the second quarter of 2015, with only the recreation personal services segment recording a decline, data released
      273 words
    • Article
      Lock icon Mentoring programme launched to boost skills in SMEs’ finance function
      281 4  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore A NEW programme aimed at upskilling the finance function of small and medium enterprises (SMEs) was launched on Thursday by Minister of State for Trade and Industry Teo Ser Luck at the CFO Connect
      281 words
    • Article
      Lock icon Mentoring programme launched to boost skills in SMEs’ finance function
      281 4  -  By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore A NEW programme aimed at upskilling the finance function of small and medium enterprises (SMEs) was launched on Thursday by Minister of State for Trade and Industry Teo Ser Luck at the CFO Connect
      281 words
    • Article, Illustration
      Lock icon China slowdown won’t hit Japanese exports, says BOJ chief
      728 5  -  Kuroda says central bank can achieve 2% inflation target on current monetary easing initiatives By Anthony Rowley Tokyo DEFYING the pessimism and nearpanic gripping stock and currency markets in recent days, Bank of Japan (BOJ) governor Haruhiko Kuroda has claimed that
      PHOTO: REUTERS  -  728 words
    • Article, Illustration
      Lock icon Singapore can do more to promote its financial centre: panel
      455 5  -  By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore SINGAPORE’S financial centre is well established but it can still do better in several areas like attract more institutional investors, promote innovation and the use of technology, an industry panel said on Tuesday.
      FILE PHOTO  -  455 words
    • Article, Illustration
      Lock icon Ringgit drop not good for Singapore, says Shanmugam
      332 5  -  He also cites rising influence of religion in Malaysia and growing US-China-Japan rivalry as S’pore’s concerns By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore THE sharp drop in the Malaysian ringgit may be good news for Singaporean shoppers but not for Singapore, Law
      332 words
    • Article, Illustration
      Lock icon Malaysia turns to 1998 currency peg architect as markets bleed
      842 5 BLOOMBERG Kuala Lumpur PRIME MINISTER Najib Razak is taking a page out of the playbook of mentor-turned-nemesis, former premier Mahathir Mohamad. To stem a decline in confidence in Malaysia, he’s even tapping the expertise of Dr Mahathir’s ringgit peg architect.
      BLOOMBERG  -  842 words
    • Article
      Lock icon India’s Modi among leaders with most to gain from cheap oil prices
      544 5 BLOOMBERG New Delhi AS markets crashed around the world this week, Indian Prime Minister Narendra Modi saw a chance to revive his stalled reform agenda. India is among the best positioned in Asia to benefit from cheap oil,
      BLOOMBERG  -  544 words
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      Lock icon Page 4 Advertisements Column 1
      301 4 SINGAPORE’S BIGGEST IT. AND CONSUMER ELECTRONICS EXHIBITION ADMISSION! comex 2015 SEP SUNTEC SINGAPORE L3,11am 9pm L4 L6,12-9pm REDEEM-BUY SAVE BID WIN-PLAY SEE TOUCH CAPTURE TECH SHOWCASE > TRADE-IN SEE, TOUCH and FEEL the latest tech products. Visit the showcase on Level 4 for more! ASUS ZenBook UX305 Check out ASUS’
      301 words
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  • Page 4 Advertisements
    • Advertisement
      Lock icon Page 4 Advertisements Column 1
      301 4 SINGAPORE’S BIGGEST IT. AND CONSUMER ELECTRONICS EXHIBITION ADMISSION! comex 2015 SEP SUNTEC SINGAPORE L3,11am 9pm L4 L6,12-9pm REDEEM-BUY SAVE BID WIN-PLAY SEE TOUCH CAPTURE TECH SHOWCASE > TRADE-IN SEE, TOUCH and FEEL the latest tech products. Visit the showcase on Level 4 for more! ASUS ZenBook UX305 Check out ASUS’
      301 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Rowsley strikes deals with former Manchester United stars
      848 6  -  It is investing in a mixed use project and also acquiring a hotel, cafe and hotel management firm By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT London PREMIER League managers may be trying to beat the clock to sign players before the transfer window shuts
      848 words
    • Article
      Lock icon Property stock rally could be short-lived
      898 6  -  Developers still plagued by weaker earnings outlook amid challenging market By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SINGAPORE’S largest property counters staged a rebound on Thursday, buoyed by a rising tide in the equities market spurred by an overnight rally on Wall Street and news
      898 words
    • Article
      Lock icon Ezra to sell half of subsea arm to Japan’s Chiyoda
      544 6  -  Company hopes deal will catapult the business to a bigger stage By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore OFFSHORE services firm Ezra Holdings agreed on Thursday to sell off half of its substantial subsea business to Japanese oil and gas giant
      544 words
    • CORPORATE DIGEST
      • Article
        Lock icon Lum Chang Holdings
        60 6 LUM Chang Holdings reported a 19 per cent rise in net profit for the 12 months ended June 30 to S$29.8 million as revenue grew 13 per cent to S$312.4 million. The group said this was due mainly to the commencement of revenue contribution for two construction
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      • Article
        Lock icon Raffles Education
        55 6 RAFFLES Education’s net profit for the financial year ended June 30 slumped 69 per cent to S$16.98 million, due mainly to a lack of one-time gains that were recognised in the preceding year. Revenue for the year slipped 4 per cent to S$119.9 million. Final dividend stayed unchanged
        55 words
      • Article
        Lock icon Aspial Corp
        45 6 ASPIAL Corporation raised net proceeds of about S$146.7 million from its maiden retail bond offering. The offer had a subscription rate of about 3.9 times of the original offer size of S$75 million, the group said. Its public tranche was 8.7 times subscribed.
        45 words
    • Article, Illustration
      Lock icon Rationalisation helps FJB trim FY15 loss to S$17m
      469 8  -  Store closures help yield productivity gains of remaining stores across region as revenue shrinks 20% to S$293.4m By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore RETAIL and lifestyle group FJ Benjamin’s net loss for the financial year ended June 30 (FY15) narrowed from S$22.1
      469 words
    • Article, Illustration
      Lock icon Fastest Growing 50 list features 22 young firms
      444 9  -  Of the 22,10 are in the commerce-wholesale sector and seven are in the top 10 By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore YOUNG companies are making their presence felt on the Fastest Growing 50 (FG50) list, with 22 of the businesses having a
      444 words
    • Article
      Lock icon LionGold replies to SGX, says it’s able to operate as going concern
      423 9  -  First tranche of fund raising issue will be enough to repay outstanding bonds By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore THE board of Catalist-listed LionGold Corp said the gold miner can operate as a going concern, in response to
      423 words
    • Article, Illustration
      Lock icon Maybank expects lower loan growth as Malaysia economy slows
      398 9 It reports net profit of RM1.58 billion in the quarter to June REUTERS Kuala Lumpur MALAYAN Banking Bhd (Maybank), South-east Asia’s fourth-largest lender by assets, expects Malaysia’s economy to slow, raising prospects of lower loan growth and spending, its group president
      REUTERS; PHOTO: BLOOMBERG  -  398 words
    • Article, Illustration
      Lock icon STI / Catalist
      64 10 STI Catalist Straits Times index Aug 27,2015 2,945.43 +72.43 (+2.52%) Current streak 1 day Day high 2,952.87 Day low 2,909.78 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,843.39 (Aug 24, 2015) FTSE ST Catalist index Aug 27, 2015 558.83 +19.08 (+3.53%) Current streak 1 day Day high 558.83 Day
      64 words
    • Article, Illustration
      Lock icon Stocks suffer bouts of bipolar mood swings
      678 10  -  US central banker’s dovish comments on a September rate hike lift markets in Singapore and the region STOCKS By Kenneth Lim kenlim@sph.com.sg @KennethLimBT A BIPOLAR cat on caffeine couldn’t have bigger mood swings than this week’s stock market. Singapore shares reversed course for
      Source: Bloomberg  -  678 words
    • Article
      Lock icon GAINERS
      73 10 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 682.6 2.6 *****/***** SPDR DJIA US$ ***** 658.8 3.0 *****/***** Lyxor Indonesia US$ 6669 586.1 6.7 9591/6250 JMH USD 4875 313.3 4.8 6788/4620 DBXT China50 US$ 2953 174.8 4.4 4258/2803 BY PERCENTAGE CLOSE UP 52w high/low NobleGrpMBeCW*****1 1 150.0
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    • Article
      Lock icon LOSERS
      75 10 BY CENTS CLOSE DOWN 52w high/low DBXT MSUSA US$ 4994 -482.6 -6.5 5573/4684 Lyxor ThaiSET US$ ***** -197.2 -1.3 *****/***** GLD US$ ***** -149.7 -1.0 *****/***** Singtel 10 386 -34.0 -8.1 455/364 Lyxor Europe US$ 1350 -30.8 -1.6 1583/1332 BY PERCENTAGE CLOSE DOWN 52w high/low AP Strat W*****6 1.2
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    • Article
      Lock icon UNUSUAL ACTIVITY
      83 10 VOL CLOSE($) CHANGE Silverlake Axis 60,986.9 0.550 +0.090 +19.57 Great Group 18,763.5 0.018 +0.004 +28.57 E2-Capital 80.0 0.100 -0.080 -44.44 Sarine Tech 2,654.3 1.505 +0.195 +14.89 Pan Hong Prop 490.0 0.167 +0.009 +5.70 Eastern Hldg 37.3 0.330 +0.141 +74.60 Starland 590.9 0.120 +0.030 +33.33 Spindex Ind 416.8 0.615
      83 words
    • BROKERS’ TAKE
      • Article
        Lock icon SMRT
        172 10 Buy Fair value: S$1.45 Aug 27 close: S$1.21 OCBC Investment Research, Aug 27 Singapore’s Transport Minister announced on Aug 3 a fare reduction of up to 1.9 per cent by end-calendar year 2015 effective for a one-year period, affecting public bus and rail fares to reflect the lower energy
        172 words
      • Article
        Lock icon Silverlake Axis
        162 10 Buy Target price: S$0.58 Aug 27 close: S$0.55 RHB, Aug 27 FY15 was disappointing and we lower our FY16F earnings by 6.7 per cent, to account for higher administration expenses and lower licensing and project sales. The share price has collapsed by more than 50 per cent in
        162 words
      • Article
        Lock icon IHH Healthcare
        179 10  -  Compiled by Melissa Tan Hold Target price: S$1.80 Aug 27 close: S$1.96 DBS Group Research, Aug 27 Management remains fairly confident of attracting foreign patients and indicated that despite the weakening of regional currencies impacting traditional sources of patients (Indonesians, Malaysians), its efforts to reach other nationalities have
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    • Article
      Lock icon STI STOCKS
      307 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 220 +3 223/219 271 214 6.6 5566.9 CapitaLand 293 +12 294/285 379 275 10.7 3.1 *****.3 CapitaMall Trust 195 +6.5 196/189 228 184.5 5.6 6767.3 CityDev 878 +3 898/866 1095 835 10.6
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    • Article
      Lock icon MOST ACTIVE
      33 10 VOLUME Noble 137,446,400 StratechGroup 96,233,700 Silverlake Axis 60,986,900 Vallianz 58,056,700 IHC 53,171,600 Market volume 2,165,816,000 VALUE Singtel 197,181,607 DBS Grp 174,923,362 OCBC Bank 88,475,457 UOB 82,665,686 Noble 68,120,567 Market value 1,629,845,000
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    • Article
      Lock icon SGX ETFs
      108 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US687 +11 1054 689/674 1000/652 687/691 85.9 STI ETF 300 +6 707 301/297 355/287 299/300 UETF SSE50China 222 +31 203 228/198 340/150 221/222 69.4 Nikko AM STI ETF 305 +7 144 305/301
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Aug 27 VALUE CLOSE BT OB/OS -1121.00 +307.00 BT CADI -*****.00 +367.00 BT 10-day MA -*****.00 -112.00 FTSE ST Mid Cap 666.83 +19.78 FTSE ST Small Cap 401.37 +16.02 FTSE ST All Share 703.65 +18.50 FTSE ST China Top 169.20 +6.19 FTSE ST China 206.75 +5.33 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 Aug 27, 2015 703.65 +18.50 (+2.70%) Current streak 1 day Day high 704.41 Day low 694.46 52-week high 847.98 (Apr 15, 2015) 52-week low 676.93 (Aug 24,2015)
      35 words
    • Article, Illustration
      Lock icon STI / MSCI EAFE
      33 10 STI MSCI EAFE MSCI EAFE Index Aug 26, 2015 1,706.17 -8.13 (-0.47%) Current streak 1 day Day high 1,734.12 Day low 1,702.62 52-week high 1,949.49 (May 15,2015) 52-week low 1,696.81 (Aug 24, 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 11 2 2 0 0 0 11 2 2 Manufacturing 88 11 18 17 2 9 105 13 27 Commerce 36 8 11 9 2 4 45 10 15 Tpt/Stor/Comms 30 2 4
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      123 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 27,344 27,344 97,936 97,936 Manufacturing 260,201 103,674 363,875 106,422 2,873 109,295 Commerce 227,957 83,383 311,340 145,740 3,736 149,476 Tpt/Stor/Comms 172,487 786 173,273 303,356 60 303,416 Finance 34,569 242 34,811 364,733 33 364,766 Construction 33,917 15,777
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    • Article
      Lock icon Yen nurses losses as stocks rally cheers mood
      444 11 CURRENCIES REUTERS London THE yen nursed losses against the dollar on Thursday as calm returned to currency markets with gains in global equities, including a 5 per cent jump in Shanghai, underpinning risk sentiment and sapping demand for safe haven currencies. Comments
      REUTERS  -  444 words
    • FOREX RATES
      • Article
        Lock icon INTERBANK CROSS RATES
        471 11 Aug 27 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.945 4.577 0.632 5.538 47.136 100.423 0.860 8.419 3.016 1.102 74.276 33.353 1.000 9.303 0.682 22.996 25.458 0.461 0.715 Canada 1.058 4.841
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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 Aug 27 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9991 1.0002 0.7143 0.7147 Canadian dollar 1.0568 1.0577 0.7559 0.7556 Euro 1.5819 1.5833 1.1310 1.1314 NZ dollar 0.9065 0.9071 0.6481 0.6482 Sterling pound 2.1657 2.1674 1.5484 1.5488
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 11 Aug 27 S$ Bid Offer 1-month 1.4004 1.4012 2-months 1.4016 1.4025 3-months 1.4026 1.4036 6-months 1.4049 1.4063 Source: OCBC
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon SGX DERIVATIVES TRADING
        389 11 Aug 27 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Aug15 8607.50 9677.50 8532.50 9437.50 *****4 *****9 Sep15 8387.50 9500.00 8287.50 9200.00 *****8 *****4 NIKKEI 225 INDEX FUTURES Sep15 *****.00 *****.00 *****.00 *****.00 *****5 *****9 Dec15 *****.00 *****.00 *****.00 *****.00 4329 ***** MSCI TAIWAN
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      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES
        206 11 Most active Aug 27 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 10.6 1.6 ***** 0.1 1980 5 KepCorp MB eCW*****1 11.5 1.5 7463 0.2 780 6 Rowsley Ltd W*****3 1.6 0.3 6875 1 18 14
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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 Aug 26 Index Change Change Change Change Change Change World Preliminary 1206.3 0.6 -5.4 0.9 -1.2 0.5 -6.9 EAFE Preliminary 975.2 -0.3 -1.2 -0.1 2.0 -0.5 -3.9 Europe Preliminary 1356.8 -1.6 -1.8
        373 words
    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 11 Aug 27 $S Offer Bid 0vernight 0.15 0.05 1-month 0.875 0.75 2-months 0.9375 0.8125 3-months 1.0 0.875 Overnight mode: 0.40 US$ 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 Aug 27 1 mth 1 mth 0.***** 2 mths 3 mths 1.***** 6 mths 1.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 1.***** 3 mths 1.***** 6 mths 1.***** Source: Thomson Reuters
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      • Article
        Lock icon GOVERNMENT SECURITIES
        71 11 Aug 27 Aug 27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.13 102.18 102.18 5-Year N*****0S 2.000 01-Jul-20 99.7 99.65 99.65 10-Year NX*****Z 2.375 01-Jun-25 97.16 97.32 96.90 15-Year NZ*****F 2.875 01-Sep-30 97.84 98.05 97.63 20-Year NZ*****V 3.375
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 11 Aug-26 Price Net change change Last Trade Agricultural Aug-26 CBOT Soybeans (US cents/bu) 877.75 -16.50 -1.85% 14/09/2015 CBOT Soybean Oil (US cents/lb) 26.12 -0.70 -2.61% 14/09/2015 CBOT Wheat (US cents/bu) 489.75 -5.25 -1.06% 14/09/2015 Aug-26 LIFFE Cocoa (£/tonne) 2068.00 18.00 0.88% 15/09/2015 LIFFE Coffee (US$/tonne) 1581.00 -1.00 -0.06%
        250 words
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      Lock icon Page 6 Advertisements Column 1
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      Lock icon Page 6 Advertisements Column 2
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      600 9 r-» ITALIANO In partnership with HSBC4X^ Enjoy a gastronomic celebration of the finest Italian cuisine as the third edition of Gusto Italiano presents Michelin-rated International Guest Chef promotions and exclusive Gourmet Dining events. What’s more, HSBC cardholders enjoy 20% off ajar their bookings at these exclusive dining events throughout the
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  • BANKING & FINANCE
    • Article
      Lock icon Many investors avoid world’s biggest bank at cheapest levels
      624 12 They are deterred by the prospect that Chinese lenders like ICBC may be crippled by bad loans BLOOMBERG Shanghai INDUSTRIAL Commercial Bank of China Ltd (ICBC) shares have never been this cheap, and some analysts say there has never been a
      BLOOMBERG  -  624 words
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      Lock icon PBOC moves manage to tame high financing costs
      492 12 BLOOMBERG Shanghai CHINA’S central bank brought out an array of tools to target high financing costs this week, reducing interest rates, offering cheap loans and adding cash to the financial system through open-market operations. Money market rates are finally buckling under the
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      Lock icon China’s ‘counterfeit’ Goldman Sachs
      336 12 REUTERS Beijing A staffer at a Chinese finance company named Goldman Sachs said any similarity to the multi-billion-dollar US investment giant was unintentional on Thursday, weeks after a Chinese man was arrested for setting up a fake bank branch. Goldman Sachs (Shenzhen) Financial Leasing Co, operating
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    • Article
      Lock icon Goldman Sachs to hire several hundred in Warsaw over 3 years
      203 12 REUTERS Warsaw GOLDMAN Sachs will hire “several hundred” employees for its Warsaw-based technology and operations units over the next three years, the US bank said on Thursday. The decision follows moves by Swiss banking giants UBS and Credit Suisse
      REUTERS  -  203 words
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      293 12 World Amateur Golfers Championship SINGAPORE Join the national golf tour that allows you to compete with peers Play on one of the most prestigious golf courses in Singapore, and you could represent Singapore in the World Amateur Golfers Championship in Belek, Antalya (Turkey). GALA DINNER (14 OCT) LUCKY DRAW PRIZES
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  • ENERGY & COMMODITIES | ENERGY & COMMODITIES|13
    • Article
      Lock icon Sun-drenched mines look to the skies to cut fuel costs
      568 13 They join chemical producers, steelmakers in seeking to replace traditional power sources with renewable energy BLOOMBERG Hong Kong THE DeGrussa copper and gold mine in Australia’s sun-scorched outback is getting a solar farm, the latest example of the industry embracing
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      Lock icon Sun-drenched mines look to the skies to cut fuel costs
      568 13 They join chemical producers, steelmakers in seeking to replace traditional power sources with renewable energy BLOOMBERG Hong Kong THE DeGrussa copper and gold mine in Australia’s sun-scorched outback is getting a solar farm, the latest example of the industry embracing
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      Lock icon Energy sector could see more deals after US$15b Cameron sale
      661 13 BLOOMBERG Houston SCHLUMBERGER Ltd’s takeover of Cameron International Corp could inspire more dealmaking. The world’s biggest oilfield contractor agreed on Wednesday to buy pump-and-valve maker Cameron for about US$66.36 a share in cash and stock. It’s the second-largest oil and
      BLOOMBERG; PHOTO: REUTERS  -  661 words
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      Lock icon Energy sector could see more deals after US$15b Cameron sale
      661 13 BLOOMBERG Houston SCHLUMBERGER Ltd’s takeover of Cameron International Corp could inspire more dealmaking. The world’s biggest oilfield contractor agreed on Wednesday to buy pump-and-valve maker Cameron for about US$66.36 a share in cash and stock. It’s the second-largest oil and
      BLOOMBERG; PHOTO: REUTERS  -  661 words
    • Article
      Lock icon Asia grain importers make rare forward buys
      392 13 REUTERS Siem Reap ASIAN grain importers are locking in forward purchases as they take advantage of a sharp drop in grain prices, with some buyers booking shipments right up to the middle of next year in an unusual move, traders said on Wednesday.
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    • Article
      Lock icon Asia grain importers make rare forward buys
      392 13 REUTERS Siem Reap ASIAN grain importers are locking in forward purchases as they take advantage of a sharp drop in grain prices, with some buyers booking shipments right up to the middle of next year in an unusual move, traders said on Wednesday.
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    • Article
      Lock icon Top mining CEOs differ on state of China’s economy
      495 13 BLOOMBERG London WHAT on earth is going on in China? Two of the biggest mining companies feeding the country’s appetite for raw materials can’t even agree on whether there’s an answer to the question. Andrew Mackenzie, head of BHP Billiton Ltd,
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      Lock icon Top mining CEOs differ on state of China’s economy
      495 13 BLOOMBERG London WHAT on earth is going on in China? Two of the biggest mining companies feeding the country’s appetite for raw materials can’t even agree on whether there’s an answer to the question. Andrew Mackenzie, head of BHP Billiton Ltd,
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      429 13 NOTICES THE BVI BUSINESS COMPANIES ACT, 2004 NOTICE OF LIQUIDATOR'S APPOINTMENT NOTICE IS HEREBY GIVEN that Residential One Limited is in liquidation and that Liew Khee Soon of 35B Mosque Street Singapore *****3hasbeenappointedasthevoluntaryliquidatoroftheCompany by resolution of the members dated 20thAugust 2015. Dated 20thAugust 2015 Liew Khee Soon Liquidator In the
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      429 13 NOTICES THE BVI BUSINESS COMPANIES ACT, 2004 NOTICE OF LIQUIDATOR'S APPOINTMENT NOTICE IS HEREBY GIVEN that Residential One Limited is in liquidation and that Liew Khee Soon of 35B Mosque Street Singapore *****3hasbeenappointedasthevoluntaryliquidatoroftheCompany by resolution of the members dated 20thAugust 2015. Dated 20thAugust 2015 Liew Khee Soon Liquidator In the
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  • TECHNOLOGY
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      Lock icon YouTube Gaming set to challenge Twitch
      566 14 Creating YouTube Gaming gives advertisers a simple way to reach much-coveted video game streaming audience WP Washington YOUTUBE stepped into the world of game-streaming on Wednesday with the official launch of YouTube Gaming its answer to Amazon’s popular Twitch. The new section of YouTube
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      Lock icon Windows 10 spreads to more than 75 million devices
      371 14 AFP San Francisco MICROSOFT said on Wednesday that Windows 10 has spread to more than 75 million devices since the new operating system was released less than a month ago. The US software colossus is intent on seeing the new-generation operating
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    • Article
      Lock icon Education startup HotChalk in talks to raise new funding
      350 14 REUTERS New York HOTCHALK, an educational technology startup, is in talks to raise at least US$75 million from private investors, valuing the company at roughly US$500 million to US$800 million, according to people familiar with the matter. The company, which helps
      REUTERS  -  350 words
    • Article
      Lock icon Samsung tells ‘PenGate’ complainers: Read the manual first
      316 14 BLOOMBERG Seoul APPLE Inc had AntennaGate and BendGate; now Samsung Electronics Co is facing PenGate. The South Korean company, responding to criticism on social media on Wednesday about its new Galaxy Note 5, acknowledged that its device could break if the stylus
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      86 14 pj;J=l=iMilkHM!H comex 2015 IS BACK! SINGAPORE’S BIGGEST IT. AND CONSUMER ELECTRONICS EXHIBITION 3-6 SEP SUNTEC SINGAPORE L3,11am 9pm L4 L6,12-9pm STAND TO WIN up to $12,388 IN CASH!!! ■f > TRADE-IN I TRADE-IN your old/faulty laptops, tablets, smartphones, PCs and monitors to get CASH VOUCHERS* to spend at COMEX 2015!
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      38 14 FLICKERING STAR Can Saina Nehwal get over her inability to win top events? Your Local Cousin: A start-up that connects travellers with local experts GET YOUR COPY TODAY TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) OR NISHAL (*****438)
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      138 14 Surviving the Are you looking at building a portfolio that can fight against the current drastic market situation? Is the market going through a recession like the 2009 crisis? G A B R I E L YA P Gabriel’s upcoming 1 day course will guide you through CRITICAL POINTERS to
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      8 14 www.omy.sg m w 0^0 SCAN READ more (ffishowbiz.omy.sg
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  • CONSUMER
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      Lock icon PayPal to roll out One Touch check-out in Europe, Australia
      400 15 Program eliminates repeated data entry by users into shopping apps, websites that accept payment from company REUTERS San Francisco PAYPAL Holdings said on Tuesday it would expand its One Touch payments product to 13 new markets in Europe and Australia,
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      Lock icon How Pantone is still turning colour into money
      683 15 BLOOMBERG New York SOME 210 new colours came into the world last week. Ballet Slipper, Spice Route, Jurassic Gold, and Sea Turtle, among others. These shades always existed in nature, but now they are official dramatic names and all. One can buy
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      1769 15 NOTICES TOLL FREE 1800 289 8822 I E ma il no t i ces s p h com s g I www s p h c l ass com s g no t i ces State Bank of India (Incorporated in India) Corporate Centre: Mumbai 400 021., India BALANCE SHEET
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      1052 15 Overseas Bank (Incorporated in India) Central Office: 763, Anna Salai, Chennai 600 002 INDEPENDENT AUDITORS’ REPORT To The President of India Report on the Financial Statements 1 We have audited the accompanying financial statements of Indian Overseas Bank as at 31st March, 2015, which comprise the Balance Sheet as at
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  • TRANSPORT
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      Lock icon Cadillac purchases are on hold in China
      760 18 Stock rout has hit growth plans for automakers; would-be buyers have less cash to spend BLOOMBERG Shanghai THE rout in China stocks is posing another threat to the world’s biggest car market, jeopardising growth plans for companies from Volkswagen AG to General Motors
      BLOOMBERG; PHOTO: BLOOMBERG  -  760 words
    • Article
      Lock icon Europe takes stock of threats posed by drones to flight safety
      512 18 EC has charged its aviation safety agency arm with developing common rules REUTERS Berlin NO-DRONE zones, software to block flights into sensitive areas and registration rules are among proposals from European regulators and aviation experts to ensure growing numbers
      REUTERS  -  512 words
    • Article
      Lock icon Rolls-Royce strikes gold with Kazakhstan’s wealthiest
      674 18 BLOOMBERG Almaty, Kazakhstan ROLLS-ROYCE’S search for buyers of cars like the US$294,000 Wraith coupe has landed it in Kazakhstan, where the average person lives on about US$330 a month. Thanks to an abundance of oil and metals riches, the former Soviet republic has a
      BLOOMBERG  -  674 words
    • Article, Illustration
      Lock icon American fliers may be reaching breaking point with surcharges and poor service
      962 18  -  By Christopher Elliott WP WHAT’S your breaking point? When do you say “That’s it I’m never flying again!” It’s no academic question for America’s airlines, who continue to provoke passengers with new fees, surcharges and rules. They want
      WP; PHOTO: REUTERS  -  962 words
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      25 18 Shortage of Ringgit at moneychangers spur demand for banks' remittance services Action ran sferr,. Curr **y sndAm To subscribe, call 6388-3838 or go to sphsubscription.com.sg
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  • REAL ESTATE
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      Lock icon Barcelona mayor’s crackdown puts Airbnb in firing line
      809 19 City official fears uncontrolled tourism could drive out poor residents and spoil Catalan capital’s charm REUTERS Barcelona BARCELONA’S new mayor is picking a fight with home rental websites as she tries to crack down on uncontrolled tourism that she fears could drive
      REUTERS; PHOTO: REUTERS  -  809 words
    • Article
      Lock icon UK house prices grow at slowest annual pace since June 2013
      379 19 REUTERS London BRITISH house prices rose this month at the slowest annual pace in more than two years, according to mortgage lender Nationwide, although it warned the slowdown might not persist unless house-building picks up significantly. House prices rose
      REUTERS  -  379 words
    • Article, Illustration
      Lock icon Deepening downturn in India’s building sector eats into growth
      650 20 indebted developers cut employment, slow work on projects to clear unsold backlog of properties REUTERS Kumar Noida, India AFTER a decade labouring on building sites around New Delhi, Akhilesh Kumar lost his scaffolding job last month when his employer halted work
      REUTERS; PHOTO: REUTERS  -  650 words
    • Article
      Lock icon Sweden’s housing subsidy won’t help shortage, say builders
      243 20 BLOOMBERG Stockholm SWEDEN’s plan to subsidise housing construction will do little to solve the apartment squeeze in the major cities that has economists warning of a property bubble, according to the Swedish Construction Federation, which represents more than 3,100 companies. The government
      BLOOMBERG  -  243 words
    • Article, Illustration
      Lock icon US commercial mortgages worry Fed amid defaults
      913 21 Banks are selling mortgage-backed securities at fastest clip since 2008, thanks in part to years of near-zero rates BLOOMBERG New York JUST outside Columbus, Ohio, the small city of Gahanna seemed to be catching a break in its decade-long struggle to transform an
      BLOOMBERG; PHOTO: BLOOMBERG  -  913 words
    • Article
      Lock icon Architect sought for Obama library
      594 21 Start of selection process for Chicago complex is latest step in planning for post-presidential initiatives NYT Washington THE foundation overseeing the development of US President Barack Obama’s presidential library began a global competition on Wednesday to select the architect who will design an elaborate Chicago
      NYT  -  594 words
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      2652 19 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices In the matter of the Companies Act, Cap. 50 And In the Matter of DIAB Asia Pacific Pte Ltd (In Members’ Voluntary Liquidation) (Registration No. *****1083Z) NOTICE OF FINAL MEETING Notice is hereby given that, pursuant to Section 308 of the
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      442 20 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements THE BUSINESS TIMES CLASSIFIED ■BUY IT-SELL IT-FIND IT- D04 HOUSE FOR SALE OCEAN DRIVE 2 storey with attic 7338 5500 sqft 5+1. Good investment! Asking $20.5M neg. Call Patrick Lu 8363 6663 ERA D04 HOUSE FOR SALE OCEAN DRIVE Modern 2½ storey
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      142 20 D11 21 HOUSE FOR SALE CHANCERY Chancery Charming Locale! 3 Plots 17,800 sf, 20,900 sf 39,500 sf For Your Ideal GCB. Best Price! Jessica 9831 3067 Realstar D11 21 HOUSE FOR SALE SUNSET ESTATE Freehold 2.5storey detached Rare gem! 6350/7000sf. 6+1 rms. Faces East. Bright spacious. Pool. Call Theresa 9680
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      164 21 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements CLASSIFIED D20 HOUSE FOR SALE 2 STOREY HOUSE ADELPHI PARK Landed hse but zoned Commercial w/ P.R.= 3 Reno. Open-Plan Big gdn. Patio. Airwell. Pk 2 car. Foreigners eligible! 3+1. 3541sf MacRitchie/Mall. Future MRT! $2.3M $650psf. 9383 3616 YK D09 APARTMENT FOR
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      153 21 D10 HOUSE FOR RENT HOLLAND ROAD *****/*****sf 6+1+ cinema entertainment ctr pool table lap pool suana golf rm gym. New reno. Designer decor. High quality. Resort facilities. $55K! Patrick Lu 8363 6663 D10 HOUSE FOR RENT ONE TREE HILL 3 New Semi-d Orchard ION,MRT A)2300/4180sf/5+1+ pool/ $18.5k B)2700/4850sf/6+1+pool/$21k. C) 3000/4560sf
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      139 21 D10 APARTMENT FOR RENT THE OLIV New! The Oliv. 4+1 bedroom. 6m ceiling. Duplex 3337 sqft.. Sky Garden/ Penthouse 5339/ 6125 sqft. Owner 8101 6699 9144 0027 D11 21 APARTMENT FOR RENT SHELFORD SUITES Shelford Suites ground floor facing pool. 3+1, 1442sqft. Near MRT/ Cold Storage/ NTUC. Immediate available. Margaret
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      163 21 D01 OFFICE FOR RENT ROVENA CHOW 9767 0609 NEW BRIDGE ROAD Near Clarke Quay MRT. 4-Storey Shophouse. Estimated GFA 10K sf. Renovated, fully fitted, private lift, aircon. 24/7 access. Available immediately. $8 psf. Must view! Call Now! FOREIGN PROPERTIES FOR SALE THE PEAK APARTMENT CAMBODIA The Peak Apartment Cambodia Next
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  • VEHICLES & LIFESTYLE
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      Lock icon Swearing at the workplace may hurt your career
      669 22  -  By Pamela Eyring REUTERS o you eat with that mouth?" It is a question you may have asked on coming into contact with a profanity-prone colleague. But when it comes to swearing in a business environment, what is in poor taste and
      REUTERS  -  669 words
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      124 22 Call Toll-free 1800-289-9988 To Place Your Classified Advertisements THE BUSINESS TIMES CLASSIFIED •BUY IT-SELL IT-FIND IT- BMW FOR SALE BMW 12/2011. 730li Sunroof. 1 Director owner. PML service with 1 yr warranty. Auto blinds tailgate. $162k. AML #04-10 Wheeler Dealers LLP. Call 9386-0913/ 8188-3900 BMW FOR SALE BMW M3 VINCAR
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      106 22 HONDA FOR SALE VEZEL Honda Vezel 1.5X $110,800. G’teed COE Delivery. No Additional Cost. Ren 9772 9995. Don Motoring Pte Ltd HONDA FOR SALE VEZEL ’X’ Model New! $109,888. Guaranteed COE. Flexible Loan. AML #04-10 Wheeler Dealers LLP. Plse Call 9386 0913/ 8188 3900 LAND ROVER FOR SALE LAND ROVER
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      92 22 TOYOTA FOR SALE HARRIER ELEGANT With Roof, Immediate Registration! G’teed COE. $139,888. AML #04-10 Wheeler Dealers LLP. For viewing please call 9386-0913/ *****-3900 TOYOTA FOR SALE HARRIER New Harrier Premium. Low downpayment/ monthly $988/ interest 1.99%. Immed COE. High trade-in. Call 6848 4844 TOYOTA FOR SALE HARRIER Toyota Harrier Premium
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      97 22 DOMESTIC HELP MAID SERVICES Chaindra Maid Agency S’pore Prestige Class Award-Winner 2015 Asia Pacific Brands Award. Nepalese, Indian, Sri Lankan, Kerala, Hindi6. Tel: *****172 (08C3412) ITEMS WANTED Highest offer for Old/ New Liquor wanted Martel/ XO/ Hennessy etc/ Korean Ginseng/ used Spoilt Elect items. Call now! *****092 PET PETS CARE
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Revised GDP expands 3.7% in Q2, more than forecast
      703 23 Bigger gains in consumer and business spending shows growth is back on track LATEST US DATA BLOOMBERG Washington THE economy grew more than previously estimated in the second quarter on bigger gains in consumer and business spending that show the US
      BLOOMBERG  -  703 words
    • Article, Illustration
      Lock icon Commodity slide makes mockery of Draghi’s Jackson Hole speech
      391 23 BLOOMBERG Edinburgh MARIO Draghi’s speech at Jackson Hole last year was meant to be a turning point in the European Central Bank’s battle to boost inflation. What the central bank chief didn’t count on was a collapse in commodity prices that
      BLOOMBERG  -  391 words
    • Article
      Lock icon ECB faces inflation headache even as lending improves
      395 23 REUTERS Frankfurt LENDING to eurozone firms grew at the fastest pace since early 2012 last month but the European Central Bank may still come under pressure to ramp up its stimulus measures as falling oil prices and a slowdown in China curb
      REUTERS  -  395 words
    • Article, Illustration
      Lock icon New Indonesia stimulus starts with expanded tax perks
      814 24 A wide range of companies investing more than 1 trillion rupiah will get lower taxes for between 5 and 15 years BLOOMBERG REUTERS Jakarta TWO weeks after a cabinet reshuffle, Indonesian President Joko Widodo’s revamped economic team promised a “big” stimulus plan
      BLOOMBERG; REUTERS  -  814 words
    • Article
      Lock icon Exporters run for high ground as China growth story unravels
      787 24 Prices are falling even in areas foreign suppliers thought were insulated from local competition REUTERS Frankfurt THE alarming scale of China’s economic slowdown is pushing European exporters to accelerate a move into premium goods and services, sacrificing volumes if necessary
      REUTERS  -  787 words
    • Article, Illustration
      Lock icon Net migration into UK rises to record in 12 months to March
      701 24 BLOOMBERG London NET long-term migration to the United Kingdom rose to 330,000 in the year ending March 2015, the highest on record and more than three times Prime Minister David Cameron’s target of below 100,000. The rise represented
      BLOOMBERG; PHOTO: REUTERS  -  701 words
    • Article
      Lock icon French business morale at four-year high, but investment still missing
      400 24 REUTERS Paris FRENCH business confidence reached a four-year high in August, but a much-awaited recovery in business investment remains elusive as the eurozone’s second-biggest economy struggles to gain momentum. The official INSEE statistics agency said on Thursday its business sentiment
      REUTERS  -  400 words
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  • Article
    Lock icon THE BUSINESS TIMES SHIPPING TIMES
    1896 25 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN BTM PKL KUC KK JKT MALAYSIA STAR 49 50 10/9 11/9 15/9 17/9 CALMY CORAL 092 60 21/9
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      103 25 Experienced sh;p maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES Make A Splash In The Maritime World Via s^Smaritime.coM Ahoy there! If you are in a business pertaining to any sector of the maritime industry,
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  • OPINION
    • Article
      Lock icon Companies can’t wait until short-sellers strike to build defences
      586 26 TAN Boon Gin, the Singapore Exchange’s (SGX) new chief regulatory officer, recently urged companies to respond quickly if they come under attack by short-sellers. EDITORIAL That advice, while sound, unfortunately makes a difference onThat advice, while sound, unfortunately makes a difference
      586 words
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      Lock icon Behind the crash – the commodities bubble
      806 26  - Behind the crash the commodities bubble THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP Washington FIRST was the dotcom bubble, then the housing bubble. Now comes the commodities bubble. We don’t fully understand the stock market’s current turmoil, but we do know it’s driven at least in
      THE WASHINGTON POST WRITERS GROUP  -  806 words
    • Article, Illustration
      Lock icon Choosing a politician is like falling in love?
      1353 26  -  That could be why so many conservative Republicans continue to support Donald Trump By Leon Hadar IN 1968 an American journalist, Joe McGinniss, began to follow the team of public relations men and television experts who helped create the image of Richard
      PHOTO: AFP  -  1,353 words
    • Article
      Lock icon The general election in a social media age
      1005 27  -  COMMENTARY By Lau Geok Theng T The writer is associate professor of marketing at the National University of Singapore Business School ONE of the most talked-about candidates in the 2011 General Election was Tin Pei Ling. When the People’s Action Party (PAP)
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    • Article
      Lock icon Channel technology optimally to make Singapore a ‘smart city’
      848 27  -  By Johan de Villiers T The writer is head of ABB in Singapore HALF of the global population live in cities today, and this number will only continue to grow. How cities expand to accommodate ever-in-creasing populations and incomes is one
      848 words
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      Lock icon No sign of China’s calm, stable Goat year so far
      956 27  -  We remain in a period of financial repression where growth is low and fragile, and where investors still need to accept a level of risk to generate returns from their savings. BY NEIL DWANE BY NEIL DWANE T The writer
      PHOTO: REUTERS  -  956 words
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  • Page 29 Miscellaneous
    • Miscellaneous
      Lock icon Page 29 Miscellaneous Column 1
      308 29 CRYPTIC CROSSWORD Across 1 A second, so great in itself (2,4) 4 Piece of writing found in small underground chapel, we’re told (6) 8 Against modelling after work (8) 10 One from Tripoli, perhaps hidden in Tripoli by another (6) 11 Decorative bow tie (4) 12 Best place for a
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  • BT Lifestyle | LifestyleBT
    • Article, Illustration
      Lock icon VALUING MALAYSIAN ART
      1647 32  -  The art market across the Causeway is hitting the tail end of its two to three-year boom. But could the lower ringgit spell good news for foreign collectors, redirect local aficionados towards their own artists, and bring about a resurgence of Malaysian art sales? BY CHEAH UI-HOON
      PHOTOS: JADA ART GALLERY, HENRY BUTCHER ART AUCTIONEERS; PHOTOS: LARASATI AUCTIONEERS, RICHARD KOH FINE ART GALLERY, IVAN LAM, WEI-LING GALLERY  -  1,647 words
    • Article, Illustration
      Lock icon VALUING MALAYSIAN ART
      1647 32  -  The art market across the Causeway is hitting the tail end of its two to three-year boom. But could the lower ringgit spell good news for foreign collectors, redirect local aficionados towards their own artists, and bring about a resurgence of Malaysian art sales? BY CHEAH UI-HOON
      PHOTOS: JADA ART GALLERY, HENRY BUTCHER ART AUCTIONEERS; PHOTOS: LARASATI AUCTIONEERS, RICHARD KOH FINE ART GALLERY, IVAN LAM, WEI-LING GALLERY  -  1,647 words
    • CITY LIFE
      • Article, Illustration
        Lock icon On the record with a new retail concept
        779 28  -  The Analog Vault, which opened on Aug 15, offers a specially curated collection catering to both audiophiles and bibliophiles. BY AVANTI NIM BY AVANTI NIM avantin@sph.com.sg SINGAPORE may be one of the most progressive countries in Asia, but good luck trying to
        PHOTOS: ROY LIM  -  779 words
      • BT writers’ picks of what to see, do or talk about CITY BUZZ
        • Article, Illustration
          Lock icon A BRIEF HISTORY OF TIME
          321 28  -  EXHIBITION Panerai’s History and Legend BEFORE it became the prestigious luxury watch brand it is today, Officine Panerai supplied timepieces to the Italian Navy and the designs of the Luminor and Radiomir watches it produced were covered by the Military Secrets Act. All that and
          321 words
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          Lock icon Gggola
          231 28  -  DINING By Tay Suan Chiang WHAT happens when you pair a Peruvian chef who runs a Spanish restaurant and a Bangkok-based Indian molecular chef? You get Gggola, a one-day lunch affair, with chef Daniel Chavez (right) from OLA Cocina Del Mar collaborating with Gaggan Anand (below) from Gaggan on
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          Lock icon Open Farm Community’s Open Farmers’ Market
          180 28  -  WEEKEND OUTING By Rachel Loi GET out of the concrete jungle and into the open, at this weekend’s first Farmers’ Market at Open Farm Community (below) in Dempsey. Eight local farms and businesses will be setting up stalls to sell their wares, including Tiong
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          Lock icon Cabinet of Curiosities by Margaret Leng Tan
          168 28  -  MUSIC By Helmi Yusof FEW Singaporean performers can rival the playful showmanship and unconventional chutzpah of Margaret Leng Tan, the country’s doyenne of avant garde music. Based in New York for many years, she returns to these shores to perform Cabinet of Curiosities
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          Lock icon A Week with Remy Martin
          201 28  -  DRINKS By Tay Suan Chiang COGNAC takes the spotlight over the next seven days with the inaugural cognac appreciation event, aptly titled A Week with Remy Martin. During the week, cognac lovers will be able to learn from some of Singapore’s well-known bartenders on how
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    • WINE/PURSUITS
      • Article, Illustration
        Lock icon A successful pairing of Old and New World
        1157 29  -  There is no doubt that Opus One, a marriage of New-World Napa Valley fruit and Old-World Bordeaux restraint, hits the spot. BY NK YONG BY NK YONG SINGAPORE’S wine community is accustomed to welcoming European vintners on their annual visits to promote
        PHOTO: NK YONG  -  1,157 words
      • Article, Illustration
        Lock icon Promoting translations of S-E Asian writing
        625 29  -  By Cheah Ui-Hoon uihoon@sph.com.sg IMAGINE not being able to enjoy the works of Stieg Larsson, Haruki Murakami or Miguel de Cervantes if they had stayed in their native languages. Now, a new non-profit organisation in Singapore wants to do the same for South-east Asian
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        Lock icon Millennium sequel hits bookstores
        524 29 AFP Stockholm THE eagerly-awaited sequel to Stieg Larsson’s best-selling Millennium crime trilogy hit store shelves in 25 countries on Thursday, as the author admitted he wrote the book in a manic depressive state. Speaking to reporters just hours ahead of the launch, David Lagercrantz said he
        AFP; PHOTO: AFP  -  524 words
    • ARTS
      • Article, Illustration
        Lock icon Dive into the cutting edge of dance
        823 30  -  Some astounding contemporary pieces are in store from Japanese and Indian choreographers at the SIFA Dance Marathon.BY SINGAPORE INTERNATIONAL FESTIVAL OF ARTS Marathon.BY CHEAH UI-HOON uihoon@sph.com.sg THINK you know the latest in contemporary dance? You haven’t until you experienced the works in Dance
        PHOTOS: KEVIN LEE, TUCKYS PHOTOGRAPHY  -  823 words
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        Lock icon An ocean of emotions
        375 30  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT IS it possible not to understand a word of a song and yet be moved to tears by it? In Dirtsong, the Black Arm Band perform songs in old Australian Aboriginal languages that are at risk of going extinct. Yet the
        375 words
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        Lock icon A sensory apocalypse
        457 30  -  By Helmi Yusof helmi@sph.com.sg @HelmiBT VERSUS by Cake Theatrical Productions takes on big themes faith, power, empires, ideologies, wars and human existence from the beginning of time to now. Over the course of two hours, it ricochets from one idea to another leaving little time for any
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    • CINEMA/MUSIC
      • Article, Illustration
        Lock icon Taking an inventive look at complex issues
        605 31  -  Pixar’s Inside Out occupies that rarefied space reserved for films that are meaningful for viewers of all ages. BY GEOFFREY EU BY GEOFFREY EU THE inner workings of a young girl’s mind hardly seems to be a concept with enough lasting appeal to
        605 words
      • Article, Illustration
        Lock icon A front-row seat to a star’s unravelling
        601 31  -  By Geoffrey Eu “LOVE is a losing game,” sang Amy Winehouse, the smoky-voiced North London chanteuse with the beehive hairdo, red lips and heavy eyeliner who bared her soul about a painful break-up in a best-selling album, Back to Black. In Amy, director
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      • Article, Illustration
        Lock icon Relationships provide the inspiration for his love songs
        678 31  -  By Avanti Nim avantin@sph.com.sg HOW many ways can you say “I love you” in a song? Just ask indie sing-er-songwriter Joshua Radin, who has released six studio albums all on the topic of romance and relationships since 2006, and shows no sign
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      49 33 THE BUSINESS TIMES *****1 *****4 SSI.00 S|£l A SINGAPORE PRESS HOLDINGS PUBLICATION WWW.bUSinesstimes.COtn.Sg G I C OBTBreakingnewS I CO REGN NO *****2868E I MCI (P) 039/08/2015 Friday, August 28,2015 I 1 1 00 CM 1 u > ■m Q Z 0 1 o A ■O. a <s> <*0 t ROLEX
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      86 34 The new Oyster Perpetual Day-Date 40 jc o o i *5^ s > < V S® 0 V THE SUPERLATIVE CHRONOMETER ROLEX IS INTRODUCING THE NEW GENERATION OF ITS MOST PRESTIGIOUS MODEL, THE OYSTER PERPETUAL DAY-DATE, FEATURING A 40 MM CASE AND ROLEX’S NEW HIGH-PERFORMANCE MECHANICAL MOVEMENT, CALIBRE 3255. THE
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      97 35 The new Oyster Perpetual Day-Date 40 N J -5^5 ■»s O '*23 *59 <5C-, •«&> 3 1 0 i 1 m sT** I 8 CT WH ITE GOLD NEW STANDARDS OF PERFORMANCE THE NEW DAY-DATE 40 IS EQUIPPED WITH CALIBRE 3255, A N EW -GENE RAT IO N MECHANICAL MOVEMENT
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      95 36 The new Oyster Perpetual Day-Date 40 AVAILABLE EXCLUSIVELY IN GOLD OR IN PLATINUM, THE DAY-DATE HAS ALWAYS REPRESENTED THE SUMMIT OF THE ROLEX ART OF WATCHMAKING. THE NEW DAY-DATE 40 STANDS OUT WITH A RANGE OF ELABORATE NEW DIALS COMBINING TRADITIONAL KNOW-HOW AND HIGH TECHNOLOGY. i ra 4 28 4
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  • THE BUSINESS OF TIME 2015
    • Article, Illustration
      Lock icon BACK TO BASICS
      786 1  -  Luxury watchmakers refocus on accuracy and reliability in timepieces. BY CHUANG PECK MING HE Swiss National Bank is such a party spoiler. It moved suddenly in January to unpeg the Swiss franc from the euro on the day just before half the Swiss watch industry opened the
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      Lock icon New movements
      804 2  -  Time does not stand still and this obviously applies to the watchmaking industry as well, going by the offerings and new precedents set by some of the major brands at BaselWorld. BY TIMMY TAN T The writer is a watch enthusiast WELL-known and proven for its reliability, it
      804 words
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      Lock icon Omega sets a record
      584 4  -  Its Globemaster is the first to earn the Master Chronometer title. REPORTS BY CHUANG PECK MING THE design of the watch defined by the pie-pan dial that collectors favour and a “fluted” bezel has stood the test of time, inspired by Omega’s Constellation models up to
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      Lock icon Jaquet Droz ups the ante
      575 4 IN the Lady 8 Flower, the brand known by its twin stars brings to life a blossoming lotus flower. A product of all Jaquet Droz’s arts and crafts skills, The Lady 8 Flower is made up of two superimposed circles creating a figure of eight,
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      Lock icon More accurate and comfy
      146 4 THIS is the new version of an observation watch that Glashutte Original first launched in 2012 to remember Julius Assman, one of the finest makers of such “deck” timepieces. A German, Assman’s observation watches had been indispensable instruments for navigation officers, pilots and pioneering explorers. Because
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      Lock icon Tech connection
      1208 6  -  The advent of smart watches elicits swift but untested responses from Swiss watchmaking bigwigs. REPORTS BY ALVIN WONG NOTHING felt more incongruous than experiencing a slice of Silicon Valley at Switzerland’s largest watch exposition. Upon arrival at BaselWorld 2015 in March, the annual watch fair where the biggest
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      Lock icon Indie zone
      781 6 TThe writer is editor of Crown magazine, a specialised luxury watch magazine championing all matters horological AN antidote to the stifling uniformity of mainstream luxury brands, niche independent watch brands the top-rated ones, at least offer fresh perspectives and emotive creations. This is usually demonstrated by their modus
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      Lock icon 40 AND STILL GOING STRONG
      496 8  -  Bulgari has launched new models this year to celebrate Bulgari Roma’s success and 40th birthday. REPORTS BY CHUANG PECK MING THE first watch model to put its logo on the bezel and turn it into a design statement was created in 1975 to be given
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      Lock icon Oris’s ProPilot Calibre set for December landing here
      241 8 ORIS has lost no time in putting its first in-house movement in almost 35 years into new models. The latest watch to be equipped with the hand-wound movement a new Big Crown ProPilot timepiece came just months after Oris went big with
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      Lock icon Fairmined limited edition
      123 8 CHOPARD is still at it: making watches with gold mined responsibly and the miners fairly compensated. Fairmined gold, in other words. Not all its watches are made of Fairmined gold but Chopard has at least made a start and says it will keep at it. The first
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      Lock icon Master of ultra-thin timepieces
      137 8 PIAGET proves once again that it’s the master of ultra-thin timepieces. After breaking Jaeger-LeCoultre’s record for the world’s thinnest hand-wound watch last year with the Altiplano 900P, Piaget presented yet another ultra-thin creation in 2015: the Altiplano Chronograph, the first complication in the Altiplano collection. With
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    • Article, Illustration
      Lock icon Latest President watch more energy efficient
      683 12  -  Made for people at the top of their professions, Rolex’s Day-Date watches come only in platinum or gold. REPORTS BY CHUANG PECK MING professions, REPORTS BY CHUANG PECK MING THE timepieces in Rolex’s Day-Date line are also known as “the Presidents’ watch”. It’s a
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    • Article, Illustration
      Lock icon Bigger, more colourful Oyster Perpetuals
      164 12 THE Oyster Perpetual has grown bigger and become even more colourful. Rolex has launched for the first time this year an Oyster Perpetual with a 39 mm case, the biggest so far for the model that’s the world’s first water-proof wristwatch when it was unveiled
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      Lock icon Tudor unveils latest North Flag, Pelagos, Fastrider
      323 12 THE North Flag and Pelagos stand out in Tudor’s 2015 watch novelties because they are powered by Tudor’s first in-house movement a self-winding calibre holding 70 hours’ power reserve and boasting a silicon hairspring that makes the watch more reliable and accurate. The
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      Lock icon Patek’s exhibition for the masses
      944 14  -  The watchmaker pays homage to London with an event that offers an insight into the watchmaker’s 175-year history as well as its heritage. REPORTS BY CHUANG PECK MING WHEN Patek Philippe wanted to invite Londoners to its exhibition at the Saatchi Gallery in June, it
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      Lock icon Still capable of springing surprises
      423 14 THREE notable Patek Philippe watches unveiled in BaselWorld 2015: Calatrava Pilot Travel Time Ref 5524G (S$62,800) Patek Philippe’s new pilot watch was reported to be one of the most talked-about pieces at this year’s mega watch fair in Basel, Switzerland. Many thought it was an
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      Lock icon OMEGA STEPS INTO “THE DARK SIDE"
      2227 16 / 17 What you may not know about OMEGA's iconic Speedmaster chronographs. OMEGA PRESENTS While Neil Armstrong made that giant leap forward for mankind on 21 July 1969, it was the Speedmaster that made the great step forward for OMEGA fifteen minutes later. When the topic
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    • Article, Illustration
      Lock icon FOR A GOOD CAUSE
      838 18  -  The Only Watch Charity Auction, to be held in Geneva this year, will feature over 40 unique timepieces.REPORTS timepieces.REPORTS BY CHUANG PECK MING THE Only Watch Charity Auction, held once every two years in Monaco since it started, will take place this year in Geneva. No
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      Lock icon Jaeger-LeCoultre unveils thinnest watch
      392 18 STRIPPED to the bare essentials for all to see, but with an artistic touch. Which is how Jaeger-LeCoultre sums up its new Master Ultra Thin Squelette model. This is not just another beautifully crafted skeletal timepiece. At just 3.6mm thick, it’s also the world’s thinnest hand-wound
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      Lock icon More watches, fewer launches
      639 20  -  Audemars Piguet unveils 2 concept watches and 2 special editions. BY CHUANG PECK MING AUDEMARS Piguet (AP) has trimmed the number of new watch models launched annually so that its factory, now with fewer to produce, can make and get the new timepieces to buyers quickly.
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      Lock icon Best ultra-tough diver’s watch of its time
      245 20  -  By Chuang Peck Ming THIS year marks the 50th birthday of the Edox Hydro-Sub, which its maker claims to be “the best ultra-tough diver’s watch of its time”. You can tell the timepiece today from its cushion case and bright orange bezel and
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      Lock icon Big success makes Bubble a major part of Corum’s heritage
      353 20  -  By Chuang Peck Ming THE watch isn’t very old, launched only 15 years ago, but the big success of Corum’s Bubble has made it a “major part” of the brand’s heritage. The original watch is recognised by its oversized 44mm
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      Lock icon Charm of the chimes
      136 20  -  By Timmy Tan HUBLOT’S Big Bang Alarm Repeater chimes the programmed alarm time. This alarm time is set with the crown and is indicated by the counter located between the 4 o’clock and 5 o’clock position. The hammer that strikes the gong to sound the alarm
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      Lock icon An overlooked classic revived
      146 20  -  Elite 6150 will be the basis of Zenith’s future Elite models By Chuang Peck Ming WITH this classic and elegant timepiece, Zenith wants to raise the profile of an ultra-thin in-house calibre that’s long been overshadowed by the brand’s legendary El Primero chronograph movement. The Elite
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    • Article, Illustration
      Lock icon Salute to FA Lange
      838 22  -  2015 marks the 200th birthday of the man who brought watchmaking back to Germany.REPORTS Germany.REPORTS BY CHUANG PECK MING IT wasn’t a promising start. The young men offered to Ferdinand Adolph Lange to pick and train to become watchmakers to get a watch factory off the
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      Lock icon The only Lange platinum watch under S$50k now
      211 22 THE 1815 “200th” Anniversary FA Lange, released this year, marks the 200th birthday of the founder of A Lange Sohne. The 1815 model is named after the year Ferdinand Adolph Lange was born and the anniversary timepiece has at its core all
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    • Article, Illustration
      Lock icon Cheaper, thinner, smaller
      226 22 THE name that spells pricey mega tourbillons has created a new offering that’s 10 per cent cheaper than its lowest entry-level creation. The Tourbillon 24 Secondes Vision is not only Greubel Forsey’s least expensive but also its thinnest and smallest timepiece. Though cheaper, smaller and thinner, the
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      Lock icon SONIC BOOM
      840 23  -  Having minute repeating wristwatches in a brand’s portfolio is a showcase of its technical strength, which is why these brands want their minute engineering marvels not just to be seen but heard, literally. BY TIMMY TAN BY TIMMY TAN TOURBILLONSthese days are standard offerings from the big watchmaking
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    • Article, Illustration
      Lock icon Carbotech, the next Bronzo
      792 24  -  Panerai puts the spotlight on Luminor Submersibles in 2015. REPORTS BY CHUANG PECK MING OFFICINE Panerai’s spotlight this year is on its Luminor Submersible collection identified by a rotating bezel and the new Luminor Submersible 1950 Carbotech 3 Days Automatic 47mm clearly is the star among
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    • Article, Illustration
      Lock icon From poor start to IWC’s most popular line
      611 24 THE Portugieser is IWC’s most popular watch line. You wouldn’t have guessed it from its early history. The collection was started because two customers wanted a big stainless steel wrist watch with a movement that could match the accuracy of a marine
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    • Article, Illustration
      Lock icon The Portugieser ushers in IWC’s new movements
      321 24 IWC Schaffhausen CEO Georges Kern says that the most popular collection in the brand’s watch family, the Portugieser, is also the symbol of its expertise as a manufacturer of movements. So it’s not surprising that the Portugieser is picked to launch the first
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    • Article, Illustration
      Lock icon Vacheron Constantin waxes Harmony
      514 25  -  The oldest luxury watchmaker finally adds a chronograph it can call its own. REPORTS BY CHUANG PECK MING VACHERON Constantin, probably the oldest luxury watch brand still standing, added a new collection to its catalogue for its 260th birthday. And with this new collection, acheron finally
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    • Article, Illustration
      Lock icon Breguet’s 2015 novelties
      417 25 New Watches by Breguet: Marine Chronographe Ref 5823 “200 ans de Marine” The latest version of the Breguet Marine Chronographe comes aptly in a 42mm case made of platinum the priciest metal used in watchmaking and a first for the model. The new timepiece marks the bicentenary
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    • Article, Illustration
      Lock icon Twists and turns Cartier-style
      626 26  -  The King of Jewellery is making its mark in the watchmaking world by bending the rules in its new collection. REPORTS BY CHUANG PECK MING THIS year saw more than the usual share of watches with round cases launched, which perhaps makes Cartier stand out even
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    • Article, Illustration
      Lock icon Hautlence stays on avant-garde path
      290 26 Its latest offering, Vortex, bears the design codes dear to the brand HAUTLENCE’S Concept d’Exception model is defined by an unusual display of time powered by an innovative movement. It was first launched in 2010. Vortex, the second and latest in the collection, continues to
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      Lock icon Dynamic combi
      95 26 PUTTING a flying tourbillon and a flying carrousel together is impressive enough, but Blancpain takes it a step further and pairs the combo with a bezel sculpted into an innovative form in its new L-Evolution Tourbillon Carrousel. The aggressive and sporty complication timepiece also boasts a dial designed
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    • Article, Illustration
      Lock icon New owner, old spirit
      390 27  -  Ulysse Nardin retains its independent and innovative streak under Kering group. REPORTS BY CHUANG PECK MING ULYSSE Nardin was sold to the French luxury group Kering last year. It may have a new owner but there appears to be no change in the watches that it
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      Lock icon Girard Perregaux returns to its roots
      395 27 GIRARD Perregaux is another Ker-ing-acquired brand that’s been left pretty much to do its own thing. And this also means to reproduce its classic models with a contemporary look. The most classic GP creation, one that’s defined the brand’s identity, is the Tourbillon with
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    • Article, Illustration
      Lock icon Homage to Vasco da Gama
      510 28  -  Montblanc’s Heritage Chronometrie collection is inspired by the Portuguese explorer.REPORTS explorer.REPORTS BY CHUANG PECK MING ABOVE all, Vasco da Gama succeeded in discovering a new sea route from Europe to India in 1498 because he was obsessed with precision precision in reading the stars and
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      Lock icon Artistic bare movements
      72 28 ROGER Dubuis’s focus this year is on skeleton movements designed in the brand’s signature star shape. Its new collection demonstrated not just Roger Dubuis’s skills in crafting skeleton calibre and timepieces, but also its artistry and inventiveness in producing works such as the Excalibur Spider Skeleton Double
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      Lock icon TWICE THE FUN
      362 29  -  Richard Mille offers 2 anniversary watches with Felipe Massa’s racing colours and his signature engraved on the back. EPO TS BY CHUANG PECK MING EPO TS BY CHUANG PECK MING RICHARD Mille (RM) dedicates not one but two new timepieces this year the RM 056 Tourbillon and
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      Lock icon Franck Muller’s back in Singapore F1 race
      150 29 FRANCK Muller, which provided the official Singapore F1 watch some years ago, is back again in this year’s race but not in an official capacity. The Master of Complication has produced as part of its Vanguard Racing collection a limited edition of 49
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      Lock icon MB&F’s HM6 in 5N red gold
      149 29 IF you find this spaceship-looking timepiece familiar, it’s not surprising. MB&F’s HM6 “Space Pirate” came out at end-2014. But the earlier model was in titanium and it was recently the winner of the “Best of Best” prize at the Red Dot international design competition.
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    • Article, Illustration
      Lock icon Making the most of horse racing
      1146 30  -  Longines refreshes a popular women’s line and celebrates equestrian sports with new models. BY CHUANG PECK MING models.BY CHUANG PECK MING LONGINES has been part of the horse-rac-ing world for over a century. So it’s no surprise that the 183-year-old Swiss watch brand launched
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      215 1 inside New movements 2 Tech connection 6 Patek’s connection 14 For a good cause 18 Charm of the chimes 20 Salute to FA Lange 22 J The L.U.C Collection Each part is a masterpiece The mysteriously shaped date lever springs into action, commanding the date wheel to perform an instant
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      45 2 Jaeger-leCoultre Boutique 2 Orchard Turn, ION Orchard, #02-08, Singapore 2 Bayfront Ave,The Shoppes at Marina Bay Sands, #B2M-240, Singapore T: M m. mm ■:-o:V m m ,-s HS •«<^V m *!»aw SssaSyi 7*" m&m ZMl WM s-r cc JL «JaEGER-LECoULTRE» Open a whole new world
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      115 5 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE BRASSUS. THE EARLY WATCHMAKERS WERE SHAPED HERE, IN AWE OF THE FORCE OF NATURE YET DRIVEN TO MASTER
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      205 23 IWC PORTUGIESER. THE LEGEND AMONG ICONS Vf,~ srs 8 m 8 X m ■O i ACT I LO 0 o CNi n 0 o X o. S2 EJ 20 x s WA D 8 KB a Portugieser Annual Calendar. Ref. 5035: It took Portugal's ocean-going heroes centuries to become legends;
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      95 25 CORUM LA CHAUX-DE-FONDS -SUISSE f rj f P www.corum.ch t r K ft n I i <o 'V a m *s! 15 5b O 15 30 o' i i < i i 1 11 •s HM-rW -rimw v jg--i? 5®. M I 1 AMmw A J L ADMIRAL’S CUP AC
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      74 27 HAUTLENCE fs. CD Pi! <D (D HAUTLENCE r%-a^ r> I <&> y VORTEX s s c R O r >• T H E L I E In-house calibre including gear train and automatic winding system. Half-trailing hours displayed by a chain, retrograde minutes. Limited editions 88 pieces. HAUTLENCE.COM <c>> Cortinawatch
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      229 28 TIMING FOR CHAMPIONS In 1971, Swiss watchmaker, Edox, introduced the world’s first WorldTimer timepiece the Edox Geoscope. Over 40 years later, the Geoscope returns to enthral a whole new generation of watch lovers with an updated version, Limited to 300 pieces world-wide only. The new Edox Geoscope Limited Edition is
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      85 29 WILLIAMS RACING OFFICIAL PARTNER .n p AO f IS 9 a N 0: V M 1 I rl N oX-" g? a' V <3> AO i 'inij i 1 IE real watches for real people Oris Williams Chronograph Automatic mechanical movement Matt-satin stainless steel case Luminescent hands and indices Water
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      148 31 200 ANNIVERSARY F. A. LANGE FOUNDER OF SAXON FINE WATCHMAKING One of our most striking inventions. The Zeitwerk Minute Repeater. O cG so A v V A P* ULASHUTTE '/SA V. 0 <®I52 7 HO M 30 I GE S6 GLASHUTTE VSA A* The Zeitwerk Minute Repeater follows a simple
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      86 32 Vi •I I I ffi IS sv. 1 ji m i 1 CLE DE CARTIER MANUFACTURE MOVEMENT 1847 MM ESTABLISHED IN 1847, CARTIER CREATES EXCEPTIONAL WATCHES THAT COMBINE DARING DESIGN AND WATCHMAKING SAVOIR-FAIRE. CLE DE CARTIER OWES ITS NAME TO ITS UNIQUE CROWN. CONSIDERABLE MASTERY WAS REQUIRED TO CREATE FLUID
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