The Business Times, 25 June 2016

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Microfilm: NL33883
Total Pages: 58
1 24 The Business Times
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      62 1 BT LivingTHE BUSINESS TIMES WEEKEND JUNE 25-26, 2016 SHOPPING More local brands open shop L4-5 THE FUTURE OF CHINESE CUISINE Shortage of Chinese chefs presents a conundrum L2-3 PHOTO: LOKKEE GADGETS Good to go: Samsung’s TabPro S L8 DESIGN Red Dot award winners L6-7 MOTORING Rolls-Royce Volkswagen L10-11 SPORTS Euro
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  • BT Living
    • DINING
      • Article, Illustration
        Lock icon FUTURE OF CHINESE CUISINE
        2152 2  -  Singapore stalwarts lament that fewer chefs learn the art of Chinese cuisine, opting for the lure of Western cooking. Rachel Loi speaks to insiders on the conundrum facing Chinese kitchens today Rachel Loi rachloi@sph.com.sg @RachelLoiBT EVERY morning before service at Red Star Restaurant, 89-year-old Masterchef Sin
        PHOTOS: YEN MENG JIIN; PHOTOS: LOKKEE; PHOTOS: SPRING COURT  -  2,152 words
    • SHOPPING
      • Article, Illustration
        Lock icon Local brands get physical
        1379 4 / 5  -  While international retailers are shuttering their stores, homegrown designers are amping up their brick-and-mortar presence. By May Yip By May Yip SELF-HELP gurus are fond of sound bites such as “adversity is opportunity in disguise”. Such words of new age-y wisdom seem to form the mantra
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    • DESIGN
      • Article, Illustration
        Lock icon DESIGN FRONT RUNNERS
        978 6 / 7  -  This year’s ‘Red Dot: Best of the Best’ award goes to 79 innovations out of a total of 5,200 entries. BT Weekend looks at some of the cutting-edge creations. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT The annual Red Dot Award remains one of
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    • GADGETS
      • Article, Illustration
        Lock icon Good to go with Samsung’s TabPro S
        714 8  -  While not as flexible as a laptop, the TabPro S is a boon for road warriors. By Sherwin Loh sherwinl@sph.com.sg @SherwinLohBT IF you have ever wondered what Microsoft’s Windows 10 operating system would look like on a sleek tablet, the answer is in
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      • Article, Illustration
        Lock icon Mini-movie inside a game
        502 8  -  By Sherwin Loh Uncharted 4: A Thief’s End Price: $74.90 HALF-AN-HOUR into playing Uncharted 4: A Thief’s End, the latest instalment in the hit action game franchise from developer Naughty Dog, it started to feel like a gathering with old friends who had been absent for
        PHOTO: SONY COMPUTER ENTERTAINMENT  -  502 words
    • HEALTH
      • Article, Illustration
        Lock icon Beyond clean arteries
        1528 9  -  Having a swollen and weak heart is bad news, where the twin evils are poor heart pump and abnormal heart rhythms both of which are harbingers of death Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is a professor at
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    • MOTORING
      • Article, Illustration
        Lock icon The Astra with extras
        631 10  -  The Opel Astra 1.4, now with a host of new safety features, looks and feels sharper. By Samuel Ee By Samuel Ee IF anyone is surprised at how the new Opel Astra has morphed from a commonplace compact into a sleek hatchback, he or she only
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      • Article, Illustration
        Lock icon Luxury mobility
        155 10  -  By Samuel Ee samuelee@sph.com.sg THIS is what Rolls-Royce thinks the future of luxury mobility looks like. Called Vision Next 100, it is Rolls-Royce’s rejection of the common notion that the future of personal transport is a utilitarian and functional one. At 5.9 metres long and 1.6 metres high,
        PHOTO: BLOOMBERG  -  155 words
      • Article, Illustration
        Lock icon SPORTY PASSAT
        574 11  -  The new Volkswagen Passat 2.0 TSI R-Line also projects quality, refinement and performance. By Samuel Ee By Samuel Ee samuelee@sph.com.sg NO one usually thinks of the Passat, Volkswagen’s big family sedan, as the sporty alternative. But the latest iteration of this VW workhorse, with its new-found styling and
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    • SPORTS
      • Article, Illustration
        Lock icon The best and worst of Euro 2016 at half-time
        903 12  -  Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent WE are at the halfway mark of a fascinating Euro 2016 tournament in France. All 36 group games have been completed and fans are licking their lips in anticipation of the knockout stage that begins on
        PHOTOS: AFP, REUTERS  -  903 words
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      29 9 This series is brought to you by Heart, Stroke and Cancer Centre. It is produced on alternate Saturdays. ~To read more of Dr Lim’s previous health-related articles, visit: http://www.btinvest.com.sg/specials/shscc
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  • Title Section
    Lock icon Masthead
    20 1 weekend THE BUSINESS TIMES www.b sinesstime .com.sg JUNE 25-26, 2016 S$1.20| MCI (P) 040/08/2015 sfjl A SINGAPORE PRESS HOLDINGS PUBLICATION
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  • Article
    Lock icon Brexit sends markets correcting wrong guess
    1068 1  -  Surprise result after opinion polls indicated ‘Remain’ victory pounds sterling, batters markets By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore HOCKED investors pummelled risk assets and pounded the sterling on Friday after Britain’s surprise vote to leave the European Union fanned fears of a summer of
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  • Article
    Lock icon Brexit leaves the UK and beyond picking up the pieces
    1009 1  -  By Neil Behrmann btworld@sph.com.sg London WITH the leave-or-remain question now answered, the European Union (EU) will now have to negotiate fair-trade deals with the UK and reform a Brussels bureaucracy that has become increasingly undemocratic. The “Brexit” crash, accentuated by
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  • Article
    Lock icon More reports
    83 1 Asian currencies spared for now, Page 2 Reactions to the historic decision, Page 3 Gold jumps and oil falls on news of UK vote, Page 4 BNM intervenes after ringgit slides: analysts, Page 5 Go defensive as UK-exposed stocks slide, Page 6 Singapore stocks badly bruised by Brexit,
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  • Article
    Lock icon Gold jumps, oil falls
    36 1 REFERENDUM REACTION GOLD surged to its highest level in two years on Friday while oil slumped in the wake of the vote by the United Kingdom to leave the European Union. 4
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  • Article
    Lock icon Impact exaggerated
    32 1 CONTRARIAN VIEW DBS chief Piyush Gupta says the stunning “Brexit” result may not hurt Britain so badly, and an EU less centrally managed might create a more sustainable region. 6
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  • Article
    Lock icon SIA debunks speculation
    29 1 INDEPENDENT VIRGIN PUTTING widespread speculation to rest, Singapore Airlines has stressed that it has no intention of snapping up a majority stake in Virgin Australia. 9
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  • Article
    Lock icon US$10.2 billion settlement
    38 1 VW EMISSIONS SCANDAL VOLKSWAGEN has agreed to pay US$10.2 billion to settle its US emissions scandal case in what would be one of the largest payouts by a carmaker in history, according to sources. 22
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  • TOP STORIES
    • Article, Illustration
      Lock icon CONTENTS
      53 2 NEWS Top Stories 2-6 Companies Markets 7-11 Raffles Conversation 12-13 Banking Finance 14 Real Estate 15-16 Househunt 16 Energy Commodities 17 Technology 18 Consumer 19 Govt Economy 20-21 Transport 22 Life Culture 23 Opinion 24-25 Wealth 26-27 LIVING Dining L2-3 Shopping L4-5 Design L6-7 Gadgets L8 Health L9 Motoring
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    • Article
      Lock icon Asian currencies spared – for now
      543 2  - Asian currencies spared for now But strategists see further weakening of regional currencies as uncertainty of UK-EU split lingers BREXIT FALLOUT By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore ASIAN currencies were spared much of the turmoil their British and European counterparts experienced on Friday. But as markets roiled from the turbulence
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    • Article
      Lock icon MARKETS
      136 2 HSTI 2,735.39 (-58.46) HSTI FUTURES 2,735.00 (-59.00) HSIMSCI 303.62 (-6.86) HSIMSCI FUTURES 303.05 (-9.65) STOCKS Friday Change KL COMP 1,634.05 -5.93 NIKKEI 225 14,952.02 -1,286.33 HANG SENG 20,259.13 -609.21 SET 1,413.19 -23.21 JAKARTA 4,834.57 -39.74 MANILA 7,629.72 -100.06 KOSPI 1,925.24 -61.47 SHENZHEN B 1,068.10 -6.95 MUMBAI 26,397.71 -604.51 11.30
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    • Article, Illustration
      Lock icon Reactions to the historic decision
      471 3 BREXIT FALLOUT “I will do everything I can as prime minister to steady the ship over the coming weeks and months. But I do not think it would be right for me to try to be the captain that steers our country to its next
      Source: Bloomberg  -  471 words
    • Article
      Lock icon Gold jumps, oil falls on news of UK vote
      565 4  -  Gold price could reach US$1,400 a tonne, say analysts; impact on oil is expected to be temporary BREXIT FALLOUT By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore GOLD surged to its highest level in two years while oil slumped in the wake of
      565 words
    • Article
      Lock icon Historic decision will set political weather in UK, EU
      1007 4  -  COMMENTARY By Andrew Hammond ~The writer is an associate at LSE IDEAS (the Centre for International Affairs, Diplomacy and Strategy) at the London School of Economics WITHIN hours of the results of the “Brexit” vote in favour of the “Leave” camp,
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    • Article, Illustration
      Lock icon BNM intervenes after ringgit slides: analysts
      526 5  -  Ringgit slumps 2.5% to 4.1207 against US$ before rebounding to 4.115 BREXIT FALLOUT By Pauline Ng btworld@sph.com.sg Kuala Lumpur ANALYSTS said Bank Negara Malaysia (BNM) played an active role in the currency markets on Friday as the ringgit tumbled by more than 2 per
      PHOTO: BLOOMBERG  -  526 words
    • Article
      Lock icon Japan takes heavy hit from Brexit – with more to come
      814 5  - Japan takes heavy hit from Brexit with more to come By Anthony Rowley btworld@sph.com.sg Tokyo JAPANESE financial authorities, along with those of many other nations, swung into emergency damage-control mode on Friday as it became clear that a majority of British voters had elected to quit the European Union (EU),
      814 words
    • Article, Illustration
      Lock icon Go defensive as UK-exposed stocks slide
      710 6  -  Analysts also say that yield stocks and those linked to gold prices are likely to outperform BREXIT FALLOUT By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore IT may already be too late to sell off holdings in Singapore stocks with exposure to the United Kingdom but
      Source: DBS Group Research, SGX, compiled by BT  -  710 words
    • Article
      Lock icon Pain from Brexit on Britain, EU may be exaggerated: DBS chief
      511 6  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore TAKING a contrarian view, DBS chief Piyush Gupta on Friday argued that the stunning “Brexit” result may not hurt Britain as dramatically as is perceived, and that a European Union (EU) that is
      511 words
    • Article
      Lock icon Crowds enquire at money changers, but few buy £
      349 6  - Crowds enquire at money changers, but few buy By J Lossini jlossini@sph.com.sg Singapore Singapore PEOPLE flocked to money changers on Friday after news of “Brexit” broke, sending the pound down but for many, it was only to check out the pound-Sing dollar exchange rate. An employee at City Money Changers
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    • Article
      Lock icon May’s manufacturing output up 0.9%
      512 7  -  Some economists banking on April’s strong numbers for Q2’s overall showing; others are less optimistic By Nur Sabrina Azmi nsazmi@sph.com.sg Singapore DESPITE the slowdown in the growth of manufacturing output in May, economists are hopeful for an above-satisfactory performance for the second quarter, largely because
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    • Article
      Lock icon MyRepublic has ‘more than half’ the funds needed
      521 7  -  By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore BROADBAND services provider MyRepublic expects to complete all the fund-raising needed for its bid to become Singapore’s fourth telecommunications operator by next month. It says it has already secured half the S$250 million it needs,
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      132 7 ARE YOU SUFFERING FROM THESE COMMON PROBLEMS? Ear Nose V Hearing Loss V Ringing in the ear y Sinus problem y Nose Bleeding (§> Throat Sleep y Bad Breath y Snoring y Hoarseness of voice y Constant Fatigue Book an appointment with us @6881 8000 so that our ENT doctor
      132 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Singapore stocks badly bruised by Brexit
      587 8  -  STOCKS R Sivanithy sivan@sph.com.sg @RSivanithyBT Senior Correspondent THE week kicked off with markets tentatively in “risk on” mode as opinion polls suggested the UK would vote to stay within the European Union. It ended with markets firmly in “risk off” mode on Friday as
      587 words
    • Article
      Lock icon Sabana Reit’s manager clarifies reports on rating withdrawal
      274 8  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SABANA Shari’ah Compliant Industrial Reit’s manager on Friday clarified that it had already decided against continuing with any further credit rating, prior to S&P Global Ratings’ decision to lower Sabana Reit’s long-term corporate credit rating from
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    • Article
      Lock icon GAINERS
      73 8 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 545.0 3.3 *****/***** DBXT S&PShort US$ 2088 67.8 2.5 2393/2022 Venture Corp 863 18.0 2.1 868/765 CIMBASEAN40 S$D 1121 15.0 1.4 1293/991 Great Eastern 2041 11.0 0.5 2496/1870 BY PERCENTAGE CLOSE UP 52w high/low Asian Micro 1.8 125.0 1.0 2.8/0.8
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    • Article
      Lock icon LOSERS
      77 8 BY CENTS CLOSE DOWN 52w high/low DBXT MSEurope US$ 5000 -677.9 -9.1 6089/4770 SPDR S&P500 US$ ***** -551.8 -2.0 *****/***** SPDR DJIA US$ ***** -538.2 -2.2 *****/***** DBXT E50 US$ 4155 -455.5 -7.5 5242/3918 DBXT MSKorea US$ 5142 -310.5 -4.3 5618/4478 BY PERCENTAGE CLOSE DOWN 52w high/low DBS MB
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    • Article
      Lock icon MOST ACTIVE
      35 8 VOLUME Ezra 94,430,900 Noble 53,788,300 Genting Sing 40,023,500 Global Logistic 38,153,600 Singtel 33,511,300 Market volume 1,533,118,000 VALUE DBS Grp 270,273,832 Singtel 128,158,619 OCBC Bank 126,605,890 UOB 91,271,667 Global Logistic 67,853,767 Market value 1,752,845,000
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    • Article
      Lock icon POSH confirms second deal for Shell Prelude project
      248 8  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore OFFSHORE marine services provider PACC Offshore Services Holdings (POSH) confirmed on Friday it has won a contract through a subsidiary to provide accommodation support towards Shell’s Prelude floating liquefied natural gas (FLNG) facility. The contract
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    • Article
      Lock icon SIA debunks speculation of majority stake in Virgin Australia
      592 9  -  SIA says its interests are ‘best served through an independent Virgin Australia’ By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore PUTTING widespread speculation to rest, Singapore Airlines (SIA) has stressed that it has no intention of snapping up a majority stake in Virgin
      592 words
    • Article
      Lock icon Top Glove shareholders okay SGX secondary listing
      289 9  -  By Renald Yeo yrenald@sph.com.sg Singapore IT’S all systems go for Malaysian-listed Top Glove’s secondary listing on the local bourse, following shareholders’ approval on Friday. Top Glove, the world’s largest glove maker which supplies 25 per cent of global demand for rubber gloves, will
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    • Corporate digest
      • Article
        Lock icon City Developments
        81 9 PROPERTY developer City Developments Ltd (CDL) on Friday said its strategy of targeting predominantly UK nationals for its residential developments has helped to insulate its projects from any potential Brexit impact. As at Dec 31, 2015 and on a group level, CDL’s exposure to the UK is 12
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      • Article
        Lock icon China Environment
        70 9 THE trading of China Environment shares was suspended on Friday morning, a day after and as a result of the resignation of two of its executive directors. The other factor influencing the company’s request for suspension was the Accounting and Corporate Regulatory Authority’s (ACRA) requirement for China Environment
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    • Article
      Lock icon Noble’s rights issue plan gets nod from shareholders
      262 9  -  By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore NOBLE Group’s shareholders on Friday approved the commodity trader’s plan for a rights issue, with 98.87 per cent voting in favour of the resolution at a special general meeting. Noble Group had unveiled the US$500 million
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    • Article
      Lock icon STI STOCKS
      305 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 230 -2 234/226 253 209 6.7 6065.9 CapitaCom Trust 139.5 unch 140.5/136.5 157 122.5 6.2 4124.1 CapitaLand 289 -9 300/287 358 267 11.6 3.1 *****.6 CapitaMall Trust 200 -2 204/196 224 184.5
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    • Article
      Lock icon SGX ETFs Most Active
      112 10 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 280 -5 1516 287/278 343/254 279/280 DBXT MSRussia US$ US185 -11 590 194/177 206/129 186/187 IS MS INDIA US$ US668 -30 156 698/654 780/575 664/668 83.5 DBXT MSINDO us$ US1241 -42 130 1285/1225 1352/911
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      800 10 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jun 20 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) G. K. Goh Holdings 22-Jun-16 Goh Yew Lin *Buy 20 0.81 *****1 59.86 *****1 59.87 G. K.
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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 1 10 4 0 1 0 1 11 4 Manufacturing 17 59 25 4 14 10 21 73 35 Commerce 9 24 14 1 7 5 10 31 19 Tpt/Stor/Comms 2 27 4
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      125 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 31,865 1,032 32,897 109,841 193 110,033 Manufacturing 134,628 78,431 213,059 145,935 1,404 147,339 Commerce 89,362 54,767 144,129 124,737 934 125,671 Tpt/Stor/Comms 231,681 14,842 246,523 272,498 1,436 273,934 Finance 54,747 32 54,779 522,212 5 522,217 Construction
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 10 Jun 24 VALUE CLOSE BT OB/OS -642.00 -183.00 BT CADI -*****.00 -224.00 BT 10-day MA -*****.00 -65.00 FTSE ST Mid Cap 653.18 -7.35 FTSE ST Small Cap 379.27 -5.31 FTSE ST All Share 668.13 -12.21 FTSE ST China Top 155.53 -2.96 FTSE ST China 184.46 -2.16 FTSE
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    • Article
      Lock icon UNUSUAL ACTIVITY
      80 10 VOL CLOSE($) CHANGE M Development 2,000.0 0.002 -0.002 -50.00 CFM 30.0 0.030 -0.002 -6.25 Serrano 187.0 0.013 +0.003 +30.00 Pavillon 30.1 0.070 +0.025 +55.56 C&G Env Protect 94.0 0.160 -0.030 -15.79 Soup Restaurant 88.7 0.215 +0.023 +11.98 WE 18,100.0 0.004 -0.001 -20.00 VibroPower 11.3 0.280 +0.020 +7.69 CNMC
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    • Article
      Lock icon COMMODITY FUTURES
      192 11 Jun-23 Price Net change change Last Trade Agricultural Jun-23 CBOT Soybeans (US cents/bu) 1124.50 -13.00 -1.14% 14/07/2016 CBOT Soybean Oil (US cents/lb) 31.75 0.20 0.63% 14/07/2016 CBOT Wheat (US cents/bu) 454.25 -4.50 -0.98% 14/07/2016 Jun-23 LIFFE Cocoa (£/tonne) 2286.00 5.00 0.22% 14/07/2016 LIFFE Coffee (US$/tonne) 1684.00 9.00 0.54%
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    • Article
      Lock icon PALM OIL
      57 11 Jun 24 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 16 2480.0 2466.0 2490.0 2457.0 1283 5700 Aug 16 2403.0 2408.0 2441.0 2394.0 7246 ***** Sep 16 2378.0 2384.0 2412.0 2366.0 ***** ***** Oct 16 2363.0 2368.0
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    • Article
      Lock icon GOVERNMENT SECURITIES
      69 11 Jun 24 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.12 99.12 99.08 5-Year NX*****X 2.250 01-Jun-21 103.66 104.00 103.35 10-Year NX*****F 2.125 01-Jun-26 101.94 102.35 101.00 15-Year NZ*****F 2.875 01-Sep-30 108.13 108.90 106.85 20-Year NZ*****V 3.375 01-Sep-33 115.49
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    • Article
      Lock icon INTERBANK CURRENCY RATES
      155 11 Jun 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0024 1.0035 0.7394 0.7399 Canadian dollar 1.0420 1.0427 0.7689 0.7686 Euro 1.5102 1.5113 1.1140 1.1144 NZ dollar 0.9563 0.9572 0.7054 0.7058 Sterling pound 1.8709 1.8722 1.3800 1.3805
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    • Article, Illustration
      Lock icon Straits Times Index
      5 11 Source: Bloomberg
      Source: Bloomberg  -  5 words
    • Article
      Lock icon BONDS, WARRANTS, PREFERENCE SHARES
      205 11 Most active Jun 24 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 8.3 -2.2 ***** 0.1 1620 4 STI 2950 MB eCW*****1 1.5 -0.7 7350 0.0 2 UOB MB eCW*****1 7.3 -1.7 5214 0.1 1850 4
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    • Article
      Lock icon MORGAN STANLEY CAPITAL INT’L INDICES
      377 11 In local curr In S$ In US$ dy yr dy yr dy yr Jun 23 Index Change Change Change Change Change Change World Preliminary 1267.3 1.1 -0.8 1.2 -4.1 1.2 1.5 EAFE Preliminary 943.6 1.2 -6.9 1.6 -7.1 1.5 -1.7 Europe Preliminary 1355.0 1.4 -4.1
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    • Article, Illustration
      Lock icon STOCK MARKETS
      10 11 Source: Bloomberg Source: Bloomberg Source: Bloomberg Source: Bloomberg
      Source: Bloomberg  -  10 words
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    • Advertisement
      Lock icon Page 9 Advertisements Column 1
      136 9 Good Class Bungalow Land Plots S Plot A Site Area: Approx. 18,618 sq ft Plot B Site Area: Approx. 15,634 sq ft Total Site Area: Approx. 34,252 sq ft Freehold. Elevated land Enjoys approx. 42 metres of Nassim Road frontage Available as two individual plots or as a combined plot
      136 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon Hermes’s hot couture
      1954 12 / 13  -  Besides the pressures of growing a luxury business in a time of global uncertainty, Hermes CEO Axel Dumas has the unenviable task of defending a family-run dynasty in a cut-throat fashion industry. By May Yip By May Yip btworld@sph.com.sg THE job of interviewing the head of a
      PHOTO: AIDAN LOO; PHOTOS: HERMES  -  1,954 words
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  • BANKING & FINANCE
    • Article, Illustration
      Lock icon US banks flex capital muscles in annual Fed stress test
      928 14 But results don’t indicate if banks can use more capital for dividends and stock buybacks Reuters Washington BIG US banks are proving themselves to be stronger and sounder in an annual regulatory stress test, even as the Federal Reserve changes
      Reuters; PHOTO: REUTERS  -  928 words
    • Article
      Lock icon Bankruptcy filing by Brazil’s Oi rattles global supply chain
      348 14 Reuters Sao Paulo BRAZIL’S biggest bankruptcy filing ever is sending shockwaves far beyond the recession-hit country’s borders as operator Oi SA seeks creditor protection from global telecoms suppliers and export banks around the world. Oi is seeking protection on over 500
      Reuters  -  348 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Property companies still positive on UK market
      728 15  -  They look at the long-term prospects and are mindful of the impact BREXIT FALLOUT By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE historic divorce of Britain and the European Union dealt a blow to many property counters on Friday, especially those with a major
      FILE PHOTO  -  728 words
    • Article
      Lock icon Market watchers split on whether to jump into UK real estate
      736 15  -  Some counsel caution, but others say there might be gains to be had amid the uncertainty following Brexit By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore UK property prices are expected to fall as the country enters a period of uncertainty
      736 words
    • Article
      Lock icon Househunt
      1267 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN MAY 11 AND MAY 17, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LANDAREA*(SQ FT) PRICE (S$’000) PSF (S$) District 15 LANDED Bournemouth Rd 2-Det 17/05/2016 FH 9673 ***** 1332 Everitt Rd 3-Ter 14/05/2016 FH 1632 2330 1428
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  • ENERGY & COMMODITIES
    • Article
      Lock icon Demand for oil in Europe down due to refinery woes
      577 17 Besides French strikes, another factor is the abundance of inventories Bloomberg London CARGOES of crude oil are struggling to find buyers in Europe as demand from refineries falters due to unplanned halts. Recent strikes at French refineries and the continued
      Bloomberg  -  577 words
  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      357 17 RECRUIT Classifed Jobs 1800-289-9988 I www.sphclass.com.sg/recruit I Executive Appointments 1800-289-8822 Ourbusinessspace.Yourlimitlesspotential. The Accounting and Corporate Regulatory Authority (ACRA) is the national regulator of business entities, public accountants and corporate service providers in Singapore. ACRA also facilitates the development of business entities and the public accountancy profession. We now have an
      357 words
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  • TECHNOLOGY
    • Article, Illustration
      Lock icon Supercell leads rise of action games on the go
      639 18 But its purchase by Tencent steps up race to design games in a more demanding market Reuters Los Angeles IN its early years, the mobile video game market was dominated by simply designed, familyfriendly games such as Fruit Ninja and Angry
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      Lock icon Twilio closes up 90% from opening IPO price
      674 18 WP New York JEFF Lawson celebrated one of the biggest days of his life with a selfie. Standing atop the stage of the New York Stock Exchange (NYSE), the founder of Twilio huddled with his wife to capture the moment that the
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  • CONSUMER
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      Lock icon Drop in China tourists takes toll on HK – from bling to buns
      609 19 Drop in China tourists takes toll on HK from bling to buns After falling 16% in 2015, mainland tourist numbers are down 13% in first 4 months Bloomberg Hong Kong HONG KONG’S sharp drop in visitor arrivals from mainland China has hurt retailers’ sales from luxury watches and gems to
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    • Article
      Lock icon Would you like some booze with your books?
      628 19 WP Washington WITH the unveiling of a revamped store design on Thursday, Barnes Noble seems to be betting that the way to its customers’ wallets is through their stomachs. The bookselling behemoth said in a presentation for investors that it will market
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      557 19 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF TEMBUSU GROWTH FUND LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) Co. Reg. No. *****5962H Extract of the minutes at the Extraordinary General Meeting of members of Tembusu Growth Fund Ltd convened and held at 80 Bras Basah Road,
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  • GOVERNMENT & ECONOMY
    • Article
      Lock icon Core capital goods orders fall 0.7% in May
      381 20 Unexpected dip suggests business spending will be a drag on growth LATEST US DATA Reuters Washington NEW orders for US manufactured capital goods unexpectedly fell in May as demand declined across the board, suggesting that business spending will remain a drag on
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      Lock icon Regulators query London base for merged Deutsche Boerse-LSE
      568 20 Reuters Frankfurt REGULATORS and a senior conservative politician in Germany on Friday contested plans for a merged Deutsche Boerse-Lon-don Stock Exchange to be based in London, raising doubts about whether the deal can be completed following Britain’s vote to leave the European
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    • Article
      Lock icon Najib sacks critics Muhyiddin, Mukhriz from Umno
      268 20 Reuters Kuala Lumpur MALAYSIAN Prime Minister Najib Razak on Friday sacked his former deputy from the ruling party and said he needed more time to think about a Cabinet reshuffle. Former deputy prime minister Muhyiddin Yassin was sacked from the United Malays National
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      Lock icon After Brexit, what next?
      1026 21 The UK formally has two years to negotiate its way out of the bloc; talks are likely to continue long after that Bloomberg London NOW that British voters have opted to walk out on the European Union and triggered the resignation of Prime Minister David Cameron,
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      49 21 HOT PROPERTY BUTTERFLY AVE. FH 2½ sty corner terr. 3000/ 3600 sf. 5+1 rms. South facing. Windy. $3.5M neg. JALAN MELOR ORIG 2400 sf terrace ideal for rebuilding. Nice quiet. Near amenities. Neg! LANDED PROPERTIES FOR SALE Check out these properties and more in The Straits Times Classified now!
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  • TRANSPORT
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      Lock icon VW will pay US$10.2b in emissions cheating case
      522 22 Car owners to get between US$1,000 and US$7,000 per vehicle WP Washington VOLKSWAGEN has agreed to pay US$10.2 billion to settle its US emissions scandal case, according to the Associated Press, citing two people briefed on the matter, in what would be
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    • Article
      Lock icon Southwest postpones delivery of 67 Boeing 737 Max jetliners
      503 22 Bloomberg New York SOUTHWEST Airlines Co will postpone the delivery of 67 Boeing 737 Max 8 aircraft by as much as six years, pushing US$1.9 billion of spending on planes into the next decade. The airline also plans to accelerate six
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  • Page 22 Miscellaneous
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      328 22 CRYPTIC CROSSWORD Across 1 Sort of morning for this Christian? (5) 4 Firm into mobile phones and poultry equipment (3,5) 10 Cook al dente udon noodles with the German tucking in (7) 11 Little Teddy bears aren’t commonly spoilt (7) 12 Incomplete tenure for pasture-lands (4) 13 That is to
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  • LIFE & CULTURE
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      Lock icon It’s win or bust for the 16 teams still in the hunt
      712 23  -  EURO 2016 Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Correspondent SIXTEEN teams. Eight mouth-watering matches. Three more sleepless nights. The Round of 16 at the Euro 2016 tournament in France promises much intrigue, suspense, drama and, hopefully, lots of goals as
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      Lock icon For D, who died
      700 23  -  SATURDAY SOAPBOX By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Deard, The morning after you died, I went kickboxing. Through the 23 minutes, the mirrors bounced off attempts to breathe. A breath is life, and I thought I should keep at it. The business of life. Not that I
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  • OPINION
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      Lock icon The big questions raised by Brexit
      1256 24 / 25  -  The debate has amplified broader trends in European politics that are likely to intensify rather than subside. By Daniel Twining By Daniel Twining ~The writer is a director at the German Marshall Fund of the United States who previously lived in the United Kingdom.
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    • Article
      Lock icon Fakes can be better than the real thing? Don’t buy it!
      800 24 / 25  -  By Gao Yini, Lim Wei Shi, Christopher Tang ~The writers are respectively a PhD student in the Department of Decision Sciences and an associate professor of marketing at the National University of Singapore Business School, and university distinguished professor
      800 words
  • Page 24 / 25 Miscellaneous
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  • Wealth
    • WEALTH INVESTING
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        Lock icon Brace for volatility, say fund managers
        1102 26 / 27  -  This is not a ‘Lehman moment’, says Deutsche Bank executive. But fund managers are alert to the prospect of contagion. By Genevieve Cua By Genevieve Cua gen@sph.com.sg @GenCuaBT THE UK’s vote in favour of an exit from the European Union (“Brexit”) dealt a shock
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      • BROKER’S TAKE
        • Article
          Lock icon Singapore market
          111 26 / 27 DBS Group Research, June 24 IF the outcome is to “leave” the European Union, equity markets will likely react negatively. Still, we expect the Straits Times Index to hold up at around the 2,700 level (11.32 times -1.5 standard deviation FY2016/2017 forecast price/earnings) or worst case 2,630, which
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        • Article
          Lock icon Consumer sector | Neutral
          173 26 / 27 Consumer sector Neutral OCBC Investment Research, June 24 AS we approach the end of H1 2016, data points for the past few months have been reflecting a rather subdued local retail environment. But we note that this is not a broad-based decline, and companies like Sheng Siong Group, BreadTalk and
          173 words
        • Article
          Lock icon Acromec Ltd | Buy
          108 26 / 27 Acromec Ltd Buy June 24 close: S$0.660 Target price: S$0.92 RHB Research Institute, June 24 WE initiate coverage on Acromec Ltd, a niche medical and healthcare mechanical and electrical player, with “buy” and a discounted cash flow-derived S$0.92 target price (46 per cent upside). With a sturdy FY2016 forecast-FY2018 forecast
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          Lock icon CapitaCom Trust | Reduce
          118 26 / 27 CapitaCom Trust Reduce June 24 close: S$1.395 Target price: S$1.290 Phillip Securities Research, June 24 THERE was a lack of bearish follow through after the last update and price went back into consolidation. The S$1.430 range high proved to be a huge obstacle for the bulls as price failed to
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        • Article
          Lock icon First Resources | Buy
          160 26 / 27  - First Resources Buy Compiled by Claire Huang June 24 close: S$1.555 Target price: S$2.20 UOB Kay Hian, June 24 FIRST Resources’ share price has been underperforming the FSSTI and peers to date. We expect a catch-up to come with the potentially better upcoming results on a healthier average selling price
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      41 28 THERE ARE EXCEPTIONS TO EVERY RULE. ROYAL OAK DIAMOND SET IN PINK GOLD SINGAPORE AUDEMARS PIGUET BOUTIQUE 541 ORCHARD ROAD LIAT TOWERS #01-03 TEL (65) 6836 4918 THE SHOPPES AT MARINA BAY SANDS CASINO LEVEL B2M-207 TEL (65) 6688 7595 AUDEMARSPIGUET.COM
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      65 1 NikantiGOLF CLUBi A WHOLE NEW WAY TO ENJOY GOLF JASON DAY STARTLING COMBINATION OF POWER AND TOUCH 25-26 JUNE 2016 THE BUSINESS TIMES WEEKEND WATCH YOUR BACK A THREE-STEP PLAN TO IMPROVE YOUR MOBILITY OYSTER PERPETUAL DAY-DATE 40 ROLEX Cortina watch CHINATOWN POINT, #01-08/09. TEL: 6702 0061 PARAGON, #01-13. TEL:
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  • Swing by sph golf
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        Lock icon MODERN GOLF AND GETTING KIDS INTO THE MIX
        451 2  -  BY S. MURALI I usually ask my golf kakis if their kids have started to play golf. What I often hear is that their kids have been to the range, but soon gave up after finding the game too boring or slow
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      Lock icon SO MUCH DRIVE IN HER
      927 3  -  This is the first year that SAS which is celebrating its 40th anniversary this year is competing in the Business Times Corporate Golf League. The company provides analytics capabilities to the financial services industry, telcos and the Government for its smart nation initiative, which plays
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      Lock icon ALONE
      878 4  -  WITH TIGER RECOVERING, HAROLD VARNER III KNOWS WHAT IT’S LIKE TO BE THE ONLY AFRICAN-AMERICAN ON THE US PGA TOUR BY FEINSTEIN JOHN Varner had just missed the cut at the Shell Houston Open “by a million,” in player-speak eight shots on the leaderboard. “I shot seven over par
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      Lock icon ALL-INCLUSIVE LUXURY
      792 5  -  NIKANTI PROVIDES FIVE-STAR EXPERIENCE BY TAN JU KUANG Inakeolubnd ALL-INCLUSIVE N KANT PROV DES FIVE-STAR t has been said that golf needs a makeover. Indeed, a small club in a corner of Thailand is making big waves with a unique concept that just might hold an answer. Nikanti
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      Lock icon S'PORE CAN WIN WAGC
      686 6  -  CONSISTENT PERFORMANCES AND TOUGH QUALIFIERS THE KEY BY SHAMIR OSMAN LS’PORE CAN WIN WAGC CONSISTENT PERFORMANCES AND TOUGH QUA IFIERS THE KEY ocal golfers have proven to be some of the best amateurs in the world, with two consecutive second-place finishes at the World Amateur Golf
      tnp photos: Mohd Ishak, Jeremy Long  -  686 words
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      Lock icon ALL IN
      3148 8 / 9  -  AFTER SOME FRAGILE MOMENTS, JASO DAY TURNS INSPIRATION INTO OBSESSION BY JAIME DIAZ T BY JAIME DIAZ ALL IN F ER SOME FRAGILE MOMENTS, JASO DAY URNS INSPIRA ION INTO OBSESSION here’s an easy “hi, mate” openness and humility to Jason Day. The 28-year-old Australian calls himself “a
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      Lock icon RULE NO. 1 IN THE SAND
      414 10 GET IT RIGHT AND YOU’LL HIT PERFECT BUNKER SHOTS PLAY YOUR BEST verybody says amateurs can’t get out of greenside bunkers because they’re crushed by fear. Well, that’s part of it, but the bigger thing is, they set up in a way that makes
      photos by J.D. Cuban, illustrations by Brown Bird Design  -  414 words
    • Article, Illustration
      Lock icon IS YOUR BACK HOLDING YOU BACK?
      573 10  -  OUR THREE-STEP PLAN TO TEST AND IMPROVE YOUR SWING MOBILITY If you’re off to a bad start this golf season, struggling to hit the ball the way you want, it’s natural to think the cause is a fault in your swing. “But sometimes the
      573 words
    • play lt
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        Lock icon MERCEDESTROPHY CELEBRATES 25 YEARS
        229 11  -  BY TAN JU KUANG The MercedesTrophy sets the standard for corporate golf in Singapore, and this year marks its 25th anniversary. The MercedesTrophy National Final Singapore was held on June 3 where 91 finalists who qualified to play through the 13 country clubs competed for the
        229 words
      • Article
        Lock icon THAT’S THE SPIRIT
        223 11 There are few occasions that entrepreneurs and C-level executives share that is as effective as golf. Such is the impetus by which the Spirit of Enterprise (SOE) has used so effectively in raising funds for their endeavours. This year marks the seventh time SOE has organised the
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    • tried & tested
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        Lock icon WHAT’S YOUR NUMBER?
        138 11 You can’t get away from numbers in golf. From your score, to the yardage to the flag, to the club you need to get there, everything revolves around digits. So it follows that most if not all golfers have a special number. Now, and for a limited
        138 words
      • Article, Illustration
        Lock icon HAVE BAG WILL TRAVEL
        279 11 Travelling with golf bags just got a lot easier with the new range from Porterline. Designed with the peripatetic golfer in mind, these bags have features that help travellers get from the airport to the course without the inconvenience of golf bag covers. The Porterline 901S
        photo courtesy of Mercedes Trophy  -  279 words
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      24 2 IN TIME WITH With content by Reprinted by permission from the 07/16 issue of Golf Digest®. Copyright© 2016 Golf Digest Publications. All rights reserved.
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      34 5 Superior taste M i O 100% Natural Fat free Not from concentrate Gluten free No added colors flavors Cholesterol free .ideas. 5 Essential electrolytes Potassium Calcium Magnesium Phosphorus Sodium The Natural Hydration for You
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      132 7 TIME TO VIE FOR A SPOT TO REPRESENT SINGAPORE AT THE WORLD AMATEUR GOLFERS CHAMPIONSHIP IN DURBAN, SOUTH AFRICA SIGN UP NOW www.tnp.sg/WAGC Ron Totton Division A Champion, 2015 SINGAPORE QUALIFIERS presented by GOODIE BAG WORTH OVER $750 Get a Ice Chrono Electrik Watch worth $300, Golfing Vouchers from The
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      59 12 t ROLEX THE SUBMARINER The quintessential divers’ watch has embodied the historic ties between Rolex and the underwater world since 1953. It doesn’t just tell time. It tells history. V 28 > OYSTER PERPETUAL SUBMARINER DATE Cortinawatch CHINATOWN POINT, #01-08/09. TEL: 6702 0061 PARAGON, #01-13. TEL: 6235 0084 RAFFLES CITY,
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      66 13 N FAST MOVING COMPANIES Organised by Business Media International THE ULTIMATE RECOGNITION FOR SMEs SINGAPORE’S FAST MOVING COMPANIES »v Mi t Mil, vs ..L i T t-V a smelOO.asia A o°V" A/ ML <4 HALL A m Sr FAME V~ r# S'# EVERY ENTREPRENEUR i STORY a vp' T >
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  • Article
    Lock icon Honours for Singapore’s top SMEs
    640 14 SME 100 AWARDS 2016 SINGAPORE’S FAST MOVING COMPANIES SME100™ Awards, a regional award for SMEs, was organised for a second year in Singapore. The awards are now present in Singapore, Indonesia, Malaysia and the Philippines, making it one of the most extensive for SMEs across
    640 words
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      251 14 ABOUT SME100™ IDENTIFICATION AUTHENTICATION Authentication of annual reports, site audits and analysis of business outlook Identifying the best performing SMEs in each participating industry grouping GLOBALISATION Continued business matching and exposure to enable SMEs to go global ME FAST MOVING COMPANIES Framework RECOGNITION SME100™ Award Ceremony and publicity in supporting
      251 words
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    Lock icon Revolutionising the diamond industry
    581 15 SME 100 AWARDS 2016 SINGAPORE’S FAST MOVING COMPANIES: IIA TECHNOLOGIES A CHANCE meeting in 2001 between Dr Devi Shanker Misra, who has several decades of diamond growth experience gained while with the Indian Institute of Technology in Mumbai, and members of the Mehta family, fourth-generation professionals
    581 words
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      102 15 Ha Technologies Pioneers in Diamond Growth Since 2005 Founded in Singapore, after nearly a decade of R&D, we have succeded in growing stunning diamonds for the luxury market. Type Ha diamonds are the rarest diamonds in the world. Ha Grown Diamonds are 100% eco-friendly con-flict-free and origin guaranteed diamonds for
      102 words
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    Lock icon A technology company that delivers
    557 16 SME 100 AWARDS 2016 SINGAPORE’S FAST MOVING COMPANIES: CHASSASIA WITH more than 25 years of experience and stable growth, CHASSasia continues to expand rapidly in South-east Asia, operating across a spectrum of vertical industries including manufacturing, education, banking, logistics, healthcare and technology. CHASSasia, a valued
    557 words
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      89 16 Singapore Malaysia Thailand Brunei rk www.CHASSasia.com 6pg®| Singapore :+*****2 9191 HfvEB CHASSASIA CELEBRATES MORE THAN 20 YEARS OF "INNOVATING SIMPLIFYING TECHNOLOGY FOR GREAT CUSTOMER EXPERIENCES" REGIONAL, EXPERIENCED, EFFICIENT AND AGILE CLOUD ENABLERS SOFTWARE LICENSE PROVIDERS SOLUTION PROVIDERS Core infrastructure Licensing SAM Cloud Solutions Managed Services Microsoft VERITAS W GSX lenoiso
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    Lock icon Set on empowering communities
    617 17 SME 100 AWARDS 2016 SINGAPORE’S FAST MOVING COMPANIES: CONERGY ASIA WITH over 18 years of experience in the solar photovoltaic industry, which includes manufacturing all of the key solar components from modules, mounting structures and inverters in Germany, Conergy Asia ME Pte Ltd has evolved into
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    Lock icon Offering critical expertise
    589 18 SME 100 AWARDS 2016 SINGAPORE’S FAST MOVING COMPANIES: SAUTER SINGAPORE SAUTER Singapore Pte Ltd, which specialises in the design and construction of high quality critical environment management systems, has made a name for itself in the industry and today boasts an impressive resume of completed projects. Established
    589 words
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      136 18 Integration of Energy Efficiency Comfort for the future TCP/IP Primary HVAC Critical Airflow Control Open Building Automation System I t WSAUTER Creating Sustainable Environments. Energy Efficiency Server for energy management BACnet OWS WEBServer nova Pro Open cz> r i *L J Complete Control Devices Management PC User PC ‘s T
      136 words
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    Lock icon Help for the chronically sick
    583 19 SME 100 AWARDS 2016 SINGAPORE’S FAST MOVING COMPANIES: SOZOLUZ CLINIQUE SOZOLUZ Clinique is a fairly young business but it has succeeded in growing steadily by being “uniquely different”. According to chief executive officer/director Philip Ong, Sozoluz Clinique is a totally new clinic concept and the
    583 words
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      99 19 Revolutionary Wound Treatment Technique Non-invasive, rapid closure of burn wounds, chronic and acute wounds: Burns Bedsores Venous Arterial wounds Diabetic wounds Post-Surgery wounds Amputation wounds Sozoluz Clinique uses a non-invasive technology such as WMCS for wound healing and pain relief. The WMCS treatment improves and supports the body's natural bio-electrical
      99 words
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    Lock icon The business of life transformation
    460 20 SME 100 AWARDS 2016 SINGAPORE’S FAST MOVING COMPANIES: TRENDMAKER Founded in 2015 on little more than dreams and hard work, Trendmaker Pte Ltd is today a global health and wellness company that stands at the forefront of product innovation and is committed to helping people
    460 words
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      149 20 I Hit L_l LJ Phvt Science SM THE ORIGIN OF STEM CELLS 2015 THE LARGEST STEM CELL USER IN THE WORLD 2013 2014 THE LARGEST STEM CELL USER IN ASIA AWARD RECOGNIZED BY MIBELLE BIOCHEMISTRY, SWITZERLAND The combination of high quality products with the branding assurance and placed with reasonable
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    Lock icon All fired up to be the best
    603 21 SME 100 AWARDS 2016 SINGAPORE’S FAST MOVING COMPANIES: VANGUARD FIRE SYSTEMS WITHIN a span of 10 years, Vanguard Fire Systems Pte Ltd has become one of the leading suppliers in the fire alarm, emergency and security industry, holding an estimated 30-40 per cent
    603 words
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      129 21 anHH Fire Systems Pte Ltd 50 years of combine Fire Alarm Emergency Voice Communication/ Security industrial experience 'Vanguard' is an ISO 9001:2008 accredited company for Design, Manufacture Supply of 1) Fire Alarm Control Panels, Systems and associated accessories. 2) One-way Emergency Voice Communication Systems Public Address Systems 3) Two-way Emergency
      129 words
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    Lock icon A drive to succeed
    558 22 SME 100 AWARDS 2016 SINGAPORE’S FAST MOVING COMPANIES: YANG KEE LOGISTICS FOUNDED in 1990 by Koh Yang Kee as a trucking company with only two trucks, Yang Kee Logistics Pte Ltd has grown to become a well-known total logistics solutions provider that is continually expanding via
    558 words
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      212 22 m YANG KEE WE MOVE TOGETHER ABOUT US Established as a leading total logistics solutions provider since 1990, Yang Kee Logistics provides seamless and innovative end-to-end logistics solutions to meet the highly demanding logistical requirements of today's global marketplace. With over 25 years of track record and expertise, we are
      212 words
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      134 23 4> 4 4 5f ft 6 >T P carrotsconsuiting COMPENSATION, BENEFITS PERFORMANCE Executive Compensation Job Evaluation, Grade Salary Structure Short-Term Long-Term Cash Incentive Plans Share-Based Incentive Plans Total Compensation Structuring Benefits Design Strategy Mapping (Performance Scorecard) Non-Executive Director Fees Sales Compensation Remuneration Committee Advisory www.carrotsconsulting.com johan@carrotsconsulting.com HELPING YOU BUILD A
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      180 23 CESSTECH WHY WE ARE THE BEST? We have attained the necessary accreditations, certifications and unrivalled endorsements in our specialised fields of micro-contamination ESD control for ultra clean environments, both locally as well as regionally. Cesstech doesn't just offer a product but a yield-improving customised solution. In Cesstech you will find
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      191 24 Singapore’s Leading Mobile Toilet Service Provider > m -r Incorporated in 2006 to meet the growing demands for portable sanitation services, we have quickly grown to become an established name and preferred supplier catering to a wide customer base. Beginning with a fleet of 50 toilets, we have now an
      191 words
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      46 24 do* 5*5 RESOURCES FREIGHT PTE LTD NO. 8 KAKIBUKIT ROAD 2, #03-33, RUBY WAREHOUSE COMPLEX, SINGAPORE *****1 TEL: (65) 6742 2005 FAX: (65) 6742 1678 EMAIL: MICHAEL@RESOURCESFREIGHT.NET RFA CC@RESOURCESFREIGHT. NET *r' .U'. t' "•V r rv 9 tw YOUR TRUSTED INTERNATIONAL AIR AND SEA FREIGHT FORWARDER
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