The Business Times, 2 August 2016

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Microfilm: NL33935
Total Pages: 51
1 263 The Business Times
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  • Title Section
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    22 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 039/08/2015 Tuesday, August 2, 2016
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  • Article
    Lock icon MARKETS
    27 1 Monday Change STI 2,892.52 +23.83 KL COMP 1,665.23 +11.97 NIKKEI 225 16,635.77 +66.50 HANG SENG 22,129.14 +237.77 SHENZHEN B 1,137.25 -9.60 DOW (11.40AM EDT) 18,448.82 +16.58
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  • Article
    Lock icon DAILY DIGEST
    131 1 Apple is expected to collect some S$10 million from banks and financial institutions in Singapore that offer Apple Pay to customers. TOP STORIES 2 Two Initiatives aimed at putting self-driving vehicles on Singapore roads get a kickstart. TOP STORIES 4 Ratings agency Moody’s sees further weakening in OCBC
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  • Article
    Lock icon E-commerce portal Carousell bags US$35m Series B funding
    838 1  -  NTUC income and Chan Brothers set up insurance tech and tourism accelerator programmes, respectively STARTUPS By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore NEARLY S$50 million have been added to the Singapore startup ecosystem, The Business Times learnt on Monday. Of the amount, US$35
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  • Article, Illustration
    Lock icon Surbana Jurong snaps up Australia’s SMEC for S$400m
    916 1  -  The combined entity will have an estimated annual revenue of S$1.1b, expected to hit S$1.5b by year’s end By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore IN its largest acquisition to date, Surbana Jurong Pte Ltd has bought Aus-tralia-based engineering consultancy firm SMEC Holdings
    PHOTO: SURBANA JURONG PRIVATE LIMITED  -  916 words
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      Lock icon Page 1 Advertisements Column 1
      51 1 8 "887 1 8 1 *****1 THE BUSINESS TIMES The big business of Beauty Pharma Read it in Wealth magazine OYSTER PERPETUAL DAY-DATE 40 ROLEX EMPEROR WATCH AND JEWELLERY THE SHOPPING GALLERY AT THE HILTON, #01-03/04. TEL: 6737 2896 WISMA ATRIA, #02-40/41-44, TEL: 6694 5712 WATCH FEATURED SUBJECT TO STOCK
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      13 1 ROBUST LINKS US-S’pore ties are wide and deep: PM Lee TOP STORIES/ 4
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    • Advertisement
      Lock icon Page 1 Advertisements Column 3
      21 1 RETAIL THERAPY Keppel Land opens mall in Ho Chi Minh PAGE 12 GREEN GROWING Going the distance with bioenergy SME/ 24
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  • TOP STORIES
    • Article, Illustration
      Lock icon Apple pockets S$10m and counting from Apple Pay deal in S’pore
      1015 2  -  Tech giant charges S$2 million-S$5 million per bank in “marketing fee”, on top of high 0.1-0.2 per cent transaction fee, say sources B y Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore APPLE Inc is expected to collect roughly S$ 10 million
      FILE PHOTO  -  1,015 words
    • Article, Illustration
      Lock icon NY Fed president urges caution on rate hikes, cites risks to America
      618 2 REUTERS Nusa Dua, Indonesia THE Federal Reserve should be cautious on interest rate increases due to lingering risks to the US economy, one of its most influential policymakers said on Monday, appearing to signal the chance of a
      REUTERS; PHOTOS: REUTERS, AFP  -  618 words
    • Article, Illustration
      Lock icon China’s July PMIs mixed, as economy settles
      617 2  -  By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S two gauges of the purchasing managers’ index (PMI) painted a mixed picture of the economy, as large state-owned firms struggled and weak demand at home and overseas continued to weigh on output. The official PMI unexpectedly shrank
      PHOTO: AFP  -  617 words
    • Article, Illustration
      Lock icon US-Singapore ties are deep and wide: PM Lee
      689 4  -  Strong links between the two governments, companies and people from both sides have kept ties strong over the years, he says By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Washington, DC WITH Singapore and the US celebrating 50 years of bilateral relations this year, Prime
      PHOTO: ALPHONSUS CHERN/THE STRAITS TIMES  -  689 words
    • Article
      Lock icon PTC recommends ways to improve commuter experience on public transport
      467 4  -  By Choo Yun Ting yuntingc@sph.com.sg Singapore THE Public Transport Council (PTC) has released its inaugural report containing recommendations on how to make Singapore’s public transport system more accommodating to the needs of the elderly, families with young children and wheelchair
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    • Article
      Lock icon Didi, Uber to merge China operations
      218 4 REUTERS San Francisco CHINA’S dominant ride-hailing firm Didi Chuxing will merge with Uber’s business in China in a US$35 billion deal that will end bruising competition between the two firms, according to a source familiar with the matter. The deal between the pair which
      REUTERS  -  218 words
    • Article, Illustration
      Lock icon Value investing: grit, timing, compounding – and a dash of volatility
      814 4  - Value investing: grit, timing, compounding and a dash of volatility Experts at seminar share pointers on how to build up a retirement nestegg By Renald Yeo yrenald@sph.com.sg Singapore IMAGINE this: You are middle-aged and planning for your retirement. Instead of letting your hard-earned cash sit around in the bank, you
      PHOTO: AIDAN LOO  -  814 words
    • Article
      Lock icon Singapore paves the way for self-driving vehicles
      514 4  -  One initiative involves trials of on-demand services, the other is the launch of a research centre and test circuit By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore TWO initiatives aimed at putting self-driving vehicles on public roads here were kickstarted on Monday. One provides on-demand
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    • Article, Illustration
      Lock icon Enhancing the audit report: the good, the bad, and the (far from) ugly
      2193 5  -  Evolving from a binary view pass or fail into one that is more holistic, next year’s new rules for audit reports seek to paint a more accurate picture of a company’s financials AUDIT CHANGES B y Michelle
      BT PHOTOILLUSTRATION  -  2,193 words
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  • Page 5 Advertisements
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      Lock icon Page 5 Advertisements Column 1
      202 5 Asia RENEWABLE ENERGY W#RI D Asia FINANCIALFORUM ROWER-GEN ASIA POWER WEEK 3 DAYS 3 SHOWS M VENUE EXCHANGING KNOWLEDGE ►GENERATING SOLUTIONS BE PART OF ASIA'S PREMIER POWER INDUSTRY CONFERENCE EXHIBITION JOIN THE LARGEST POWER INDUSTRY PLAYERS PLAN YOUR PARTICIPATION TODAY REGISTER TO ATTEND NOW AT WWW.ASIAPOWERWEEK.COM I69C 8,000+ 250+ International
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  • COMPANIES & MARKETS
    • Article
      Lock icon Moody’s: UOB, OCBC face further squeeze on asset quality
      579 6  -  Ratings agency says this in report on the two Singapore banks’ H1 results; DBS results due before market opens on Aug 8 SWIBER FALLOUT By Andrea Soh and Jamie Lee sandrea@sph.com.sg @AndreaSohBT leejamie@sph.com.sg @JamieLeeBT Singapore THE first-half financial results of Over-sea-Chinese
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    • Article
      Lock icon Swiber defaults on Aug 2 coupon payment
      288 6  -  By Angela Tan angelat@sph.com.sg Singapore SWIBER Holdings is unable to pay the coupon payment for the series 001 Trust Certificates due on Aug 2, 2016, provisional liquidator Cameron Duncan said on Monday. The S$150 million 6.50 per cent certificates due 2018 were issued
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    • Article
      Lock icon Vallianz distances itself from Swiber
      677 6  -  By Angela Tan angelat@sph.com.sg Singapore AS Swiber Holdings’ financial troubles continue to take a toll on companies and financial institutions linked to the offshore engineering group, Vallianz took pains to distance itself from its largest shareholder. On Monday, Ling Yong Wah chief executive officer of
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    • Article
      Lock icon Bears crowd Ezra as Swiber’s woes signal oil industry risks
      620 6 BLOOMBERG Singapore BEARISH bets on offshore marine services provider Ezra Holdings jumped close to the highest in a year as the failure of smaller rival Swiber Holdings heightened concerns for the financial health of companies in the oil industry. Shares
      BLOOMBERG  -  620 words
    • Article, Illustration
      Lock icon SATS to raise daily meal production without adding staff
      509 6  -  By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore IN-FLIGHT catering provider SATS aims to feed the increasing number of passengers passing through Singapore’s Changi Airport by upping its food production capacity by 15 per cent without the need to add more staff to
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    • Article, Illustration
      Lock icon Shares in Sino Grandness fall sharply; reason unknown
      486 6  -  HOT STOCK By Andrea Soh, Melissa Tan sandrea@sph.com.sg @AndreaSohBT melissat@sph.com.sg @MelissaTanBT Singapore SHARES in Sino Grandness Food Industry Group fell as much as 28 per cent on Monday morning, prompting a query from the exchange and triggering the circuit breaker three times
      Source: Bloomberg  -  486 words
    • Article
      Lock icon OUE Hospitality Trust's Q2 DPS falls 39.5% to 0.92 cent
      524 7  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore OUE Hospitality Trust on Monday reported a 39.5 per cent drop in distribution per stapled security (DPS) to 0.92 Singapore cent for its second quarter ended June 30, 2016. This compared with 1.52 cents
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    • Article
      Lock icon As banks become tech-driven, regulation needs to keep up
      1004 7  -  HOCK LOCK SIEW BY AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT A LITTLE over a year ago, JP Morgan’s chairman and CEO Jamie Dimon gave a wake-up call to the banking and financial services industry (BFSI) by saying “Silicon Valley is coming”. In
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    • Article
      Lock icon OKP Holdings’ Q2 earnings fall 15.6%
      464 7  -  By Renald Yeo yrenald@sph.com.sg Singapore LOWER revenue from its core businesses and a higher bill from the taxman have lowered earnings at engineering firm OKP Holdings for the second quarter. It reported on Monday a fall in net profit toS$2.5 million, down 15.6 per
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    • CORPORATE DIGEST
      • Article
        Lock icon Genting Hong Kong
        204 7 CASINO cruise ship operator Genting Hong Kong Limited announced that it is expected to record a net loss of US$60-75 million for the six months ended June 30, 2016. This loss is compared with a consolidated net profit of US$2.1 billion for the six months ended June
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      • Article
        Lock icon Epicentre Holdings
        147 7 apple products retailer Epicentre Holdings’ chief executive Fong Teck Loon has resigned from the company, and will be replaced in the interim by Lim Tiong Hian, who has been re-designated as executive chairman and acting CEO. These changes took effect on Sunday. Mr Fong, 51, was appointed to
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    • Article, Illustration
      Lock icon STI / Catalist
      63 8 STI Catalist Straits Times Index Aug 1,2016 2,892.52 +23.83 (+0.83%) Current streak 1 day Day high 2,898.27 Day low 2,874.38 52-week high 3,196.66 (Aug 6, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Aug 1,2016 438.76 -4.18 (-0.94%) Current streak 3 days Day high 446.02 Day low
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    • Article
      Lock icon LOSERS
      73 8 BY CENTS CLOSE DOWN 52w high/low JMH USD 5780 -200.8 -2.5 6103/4500 IS MS INDIA US$ 738 -45.5 -4.4 780/575 DBXT Vietnam US$ 2423 -30.8 -0.9 2681/2017 Pan Ocean 409 -21.0 -4.9 560/300 CIMBASEAN40 S$D 1176 -19.0 -1.6 1254/991 BY PERCENTAGE CLOSE DOWN 52w high/low Infinio 0.1 -66.7 -0.2
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    • Article, Illustration
      Lock icon Black gold’s red ink puts green in blue chips
      616 8  -  Flight to quality sees selling of small oil and gas stocks; ST Index rises 23.8 points STOCKS By Kenneth Lim kenlim@sph.com.sg @KennethLimBT SINGAPORE blue chips climbed on Monday, supported by a flight out of small oil and gas players into safer
      Source: Bloomberg  -  616 words
    • Article
      Lock icon STI STOCKS
      312 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 252 +7 252/246 257 209 6.1 6646.1 CapitaCom Trust 152.5 +2 153/151 158.5 122.5 5.7 4508.4 CapitaLand 325 +8 327/318 340 267 13 2.8 *****.3 CapitaMall Trust 215 xd +1 217/213 225
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    • Article
      Lock icon MOST ACTIVE
      33 8 VOLUME Vallianz 124,296,400 Ezra 103,092,500 Annica 79,335,000 Golden Agri-Res 54,024,000 Noble 47,320,600 Market volume 1,642,988,000 VALUE Singtel 179,824,289 DBS Grp 143,736,795 UOB 81,009,568 OCBC Bank 67,679,373 CapitaLand 51,316,060 Market value 1,355,751,000
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    • Article
      Lock icon SGX ETFs Most Active
      107 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 289 xd +1 228 291/289 326/254 290/291 DBXT MSPHILS US$ US218.1 +1.5 157 218.6/217.2 222.5/158.5 218.7/219.6 17.4 IS MS INDIA US$ US738 -34 122 740/734 780/575 733/737 92.3 ABF SG Bond ETF 118.3 +0.1
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    • Article
      Lock icon OTHER SINGAPORE INDICES
      77 8 Aug 1 VALUE CLOSE BT OB/OS -445.00 -30.00 BT CADI -*****.00 -57.00 BT 10-day MA -*****.00 -45.00 FTSE ST Mid Cap 683.31 +2.89 FTSE ST Small Cap 383.21 -2.98 FTSE ST All Share 703.17 +2.74 FTSE ST China Top 159.68 +0.50 FTSE ST China 190.22 -0.44 FTSE
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      Lock icon STI / FTSE ST All-Share
      35 8 STI FTSE ST All-Share ftse ST All-Share index Aug 1,2016 703.17 +2.74 (+0.39%) Current streak 1 day Day high 703.94 Day low 700.39 52-week high 765.74 (Aug 6, 2015) 52-week low 625.37 (Jan 21, 2016)
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      Lock icon STI / MSCI EAFE
      33 8 STI MSCI EAFE MSCI EAFE Index July 29,2016 1,689.12 +30.96 (+1.87%) Current streak 1 day Day high 1,690.18 Day low 1,658.04 52-week high 1,883.89 (Aug 10, 2015) 52-week low 1,492.43 (Feb 12, 2016)
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    • Article
      Lock icon SECURITIES TRADING SCOREBOARD
      186 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 6 2 0 1 0 8 7 2 Manufacturing 24 56 30 6 13 13 30 69 43 Commerce 24 17 9 5 3 3 29 20 12 Tpt/Stor/Comms 14 12 9
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    • Article
      Lock icon SECURITIES TRADING TURNOVER
      121 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,375 393 14,768 45,056 72 45,128 Manufacturing 144,062 121,623 265,685 140,434 1,436 141,869 Commerce 77,109 132,574 209,683 125,485 3,373 128,857 Tpt/Stor/Comms 222,045 12,776 234,821 277,268 1,291 278,558 Finance 32,329 198 32,527 315,032 28 315,060 Construction
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    • Article
      Lock icon GAINERS
      74 8 BY CENTS CLOSE UP 52w high/low Lyxor Indonesia US$ 9026 464.6 4.0 9026/6250 Jardine C&C 4165 242.0 6.2 4520/2636 GLD US$ ***** 219.6 1.3 *****/***** DBXT MSINDO US$ 1479 64.3 3.4 1500/911 DBXT Nifty US$ ***** 41.5 0.2 *****/***** BY PERCENTAGE CLOSE UP 52w high/low Blumont 0.2 100.0 0.1
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    • Article
      Lock icon UNUSUAL ACTIVITY
      82 8 VOL CLOSE($) CHANGE Advanced Systems 3,528.0 0.003 +0.001 +50.00 Pan Ocean 0.5 4.090 -0.210 -4.88 SingMedical 8,086.7 0.175 +0.013 +8.03 Ban Leong 30.0 0.200 +0.030 +17.65 CMC Infocomm 187.0 0.053 -0.012 -18.46 Pacific Radiance 4,196.1 0.170 -0.040 -19.05 Gaylin 17.7 0.200 +0.030 +17.65 Soo Kee 219.0 0.169 +0.022
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    • BROKERS’ TAKE
      • Article
        Lock icon Singapore O&M Underweight
        270 8 UOB Kay Hian, Aug 1 THE turnaround by Swiber Holdings from liquidation to judicial management only delays the inevitable cascade defaults in the sector. A prolonged lower oil price environment and the recent spate of poor earnings from oil majors will prevent the much-needed rise in service
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      • Article
        Lock icon Starhill Global Reit | Buy
        185 8  - Starhill Global Reit Buy Compiled by Melissa Tan Target price: S$0.86 Aug 1 close: S$0.81 OCBC Investment Research, Aug 1 DURING the quarter, Starhill Global Reit registered a 0.5 percentage-point quarter-on-quarter dip in its portfolio occupancy to 95.1 per cent. This was largely attributed to higher vacancies for its Singapore
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    • Article
      Lock icon CALENDAR
      14 8 DATA I Aug 2 Singapore Purchasing Managers Index US personal income and outlays
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    • Article
      Lock icon Greenback edges up after 2% fall last week
      404 9 CURRENCIES REUTERS London THE dollar recovered on Monday after its poorest weekly performance In three months, while the yen weakened after surging more than 3 per cent when the Bank of Japan eased policy less aggressively than expected. The dollar shed 2
      REUTERS  -  404 words
    • FOREX RATES
      • Article, Illustration
        Lock icon HANG SENG
        2 9
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      • Article
        Lock icon INTERBANK CROSS RATES
        471 9 Aug 1 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.990 5.037 0.679 5.887 50.650 99.183 0.777 8.404 3.053 1.053 79.534 35.657 1.016 10.485 0.735 23.948 26.376 0.574 0.759 Canada 1.010 5.087
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        Lock icon SHANGHAI COMPOSITE
        2 9
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      • Article, Illustration
        Lock icon DOW JONES
        2 9
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      • Article
        Lock icon INTERBANK CURRENCY RATES
        155 9 Aug 1 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0157 1.0165 0.7586 0.7590 Canadian dollar 1.0258 1.0264 0.7664 0.7662 Euro 1.4957 1.4964 1.1171 1.1174 NZ dollar 0.9645 0.9654 0.7204 0.7209 Sterling pound 1.7700 1.7708 1.3220 1.3223
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      • Article
        Lock icon US$/S$ FORWARD RATES
        22 9 Aug 1 S$ Bid Offer 1-month 1.3390 1.3395 2-months 1.3392 1.3397 3-months 1.3394 1.3400 6-months 1.3402 1.3409 Source: OCBC
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      • Article, Illustration
        Lock icon NIKKEI
        1 9
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    • EQUITY BONDS WARRANTS FUTURES
      • Article
        Lock icon BONDS, WARRANTS, PREFERENCE SHARES Most active
        208 9 Aug 1 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left HSI ***** MB eCW*****9 8.1 1.2 ***** 0.0 1 HSI ***** MB ePW*****9 12.4 -2.5 ***** 0.0 1 DBS MB eCW*****1 5.2 -0.4 ***** 0.1 1620 2
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      • Article
        Lock icon MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        377 9 In local curr In S$ In US$ dy yr dy yr dy yr Jul 29 Index Change Change Change Change Change Change World Preliminary 1304.4 0.3 2.1 0.1 -1.9 0.9 3.6 EAFE Preliminary 965.2 0.5 -4.8 1.1 -6.8 1.9 -1.6 Europe Preliminary 1380.9 0.5 -2.2
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      • Article
        Lock icon SGX DERIVATIVES TRADING
        396 9 Aug 1 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Aug16 9447.50 9487.50 9402.50 9430.00 *****2 *****1 Sep16 9437.50 9482.50 9410.00 9425.00 1817 817 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****5 Dec16 *****.00 *****.00 *****.00 *****.00 117 6326 MSCI TAIWAN
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    • BANK RATES
      • Article
        Lock icon INTERBANK RATES
        154 9 Aug 1 $S Offer Bid 0vernight 0.03 Par 1-month 0.625 0.50 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.25 US$ Offer Bid 7 days 0.55 0.45 1 month 0.60 0.50 2 months 0.75 0.55 3 months 0.85 0.65 6 months 1.20 1.00 9 months 1.40 1.20 12
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      • Article
        Lock icon GOVERNMENT SECURITIES
        69 9 Aug 1 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.3 99.33 99.33 5-Year NX*****X 2.250 01-Jun-21 104.02 104.10 104.05 10-Year NX*****F 2.125 01-Jun-26 103.2 103.40 103.28 15-Year NZ*****F 2.875 01-Sep-30 110.1 110.30 110.20 20-Year NZ*****X 2.250 01-Aug-36 101.32
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    • AGRI METALS ENERGY
      • Article
        Lock icon COMMODITY FUTURES
        250 9 Jul-29 Price Net change change Last Trade Agricultural Jul-29 CBOT Soybeans (US cents/bu) 1032.50 29.00 2.89% 12/8/2016 CBOT Soybean Oil (US cents/lb) 30.35 0.86 2.92% 12/8/2016 CBOT Wheat (US cents/bu) 407.75 -2.50 -0.61% 14/09/2016 Jul-29 LIFFE Cocoa (£/tonne) 2297.00 -35.00 -1.50% 15/09/2016 LIFFE Coffee (US$/tonne) 1805.00 0.00 0.00%
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    • Article
      Lock icon SGX MAINBOARD
      1838 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale vol ('000) High Day 150 127 AIMSAMP Cap Reit 147cd unch 179 148 146 0.9 7.7 936.8 Div 165.5 101 ARA Asset Mgmt 131.5 -0.5 245 132
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    • Article
      Lock icon SGX CATALIST
      266 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld 0.7 0.1 t Advanced Systems 0.3 +0.1 3528 0.3 0.2 7.9 44.5 29.5 t Advancer Global 32.5 -0.5 1238 34 32.5 12.9 56.3 High LOW Company
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    • Article
      Lock icon SGX ETF
      129 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1254 991 CIMBASEAN40 S$D 1176 -19 0 1176 1176 910 700 CIMBASEAN40 US$ US876 43 879 870 137.4 ('000) High 366 190 DBXT MSBrazil US$ US366 +9 27
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  • Page 7 Advertisements
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      Lock icon Page 7 Advertisements Column 1
      65 7 i T rA INDIA COMES TO YOU AT SINGAPORE INTERNATIONAL INDIAN EXPO 2016 22ND 25TH SEPT' 2016,10AM 10PM Suntec Convention Exhibition Centre, Hall: 401 -402 4k Exhibition Highlights: Over 160 exhibitors Lucky draw prizes Celebrity appearance Food, Fun Festivity Entertainment Cultural activities Singapore W INTERNATIONAL INDIAN EXP***** 5TH YEAR FREE
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  • Page 10 Advertisements
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      Lock icon Page 10 Advertisements Column 1
      71 10 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!
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  • SINGAPORE ACCOUNTANCY CONVENTION
    • Article, Illustration
      Lock icon Shining a brighter light on risk
      1132 11  -  Enhanced auditor reports aim to improve understanding of financial statements, helping users better understand risks faced by companies. companies.BY FRANCIS KAN BUSINESSES and auditors are preparing themselves for the introduction of enhanced standards that aim to boost market confidence by making auditor reports more
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    • Article
      Lock icon What to expect from auditor reports from 2017
      275 11 FROM 2017 onwards, auditor reports of listed entities will be more transparent and contain more information on key audit matters with the adoption of the enhanced auditor reporting standards in Singapore. The new standards were issued on July 30, 2015 by the
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  • Page 11 Advertisements
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      Lock icon Page 11 Advertisements Column 1
      130 11 Jointly Organised by: Acra INSTITUTE OF SINGAPORE CHARTERED ACCOUNTANTS SINGAPORE ACCOUNTANCY CONVENTION 2016 Financial Reporting: Meeting Investors' Needs, Strengthening Market Confidence For the first time, the national accountancy body, the Institute of Singapore Chartered Accountants and the Accounting and Corporate Regulatory Authority (ACRA) are coming together to jointly organise the
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      4 11 Brought to you by
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  • REAL ESTATE
    • Article, Illustration
      Lock icon Keppel Land opens retail mall in Ho Chi Minh City
      403 12  -  Japanese retailer Takashimaya is leasing about 15,000 sq m of retail space for its proposed flagship store in Vietnam By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore PROPERTY developer Keppel Land has opened a retail mall in Saigon Centre in Ho Chi
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    • Article, Illustration
      Lock icon RevPAR growth augurs well for tourism sector
      455 12  -  By Tan Effie taneffie@sph.com.sg Singapore THE grass is looking greener for Singapore’s tourism industry as the first five months of this year saw upscale and mid-tier hotel segments faring the best with their RevPAR (revenue per available room) rates increasing, according to the
      Sources: Singapore Tourism Board, CBRE Singapore Hotels MarketView H1 2016  -  455 words
    • Article
      Lock icon NUS-Redas index shows easing in developer bearishness in Q2
      391 12  -  By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore DEVELOPER sentiment in Singapore improved slightly in the April through June period from the first three months of the year but it was still gloomy overall, the latest NUS-Re-das real estate sentiment index report released
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    • Article, Illustration
      Lock icon Crowne Plaza Singapore Changi Airport opens S$82m wing
      449 12  -  By Chin Yong Chang ycchin@sph.com.sg Singapore With upcoming developments in Singapore’s aviation hub over the next few years, including Changi Airport’s Terminal 4 and Jewel Changi Airport, Crowne Plaza Singapore Changi Airport has opened a new extension in anticipation of the increasing
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    • Article
      Lock icon Australia cities home prices up for 7th straight month in July
      472 13 But annual price growth slows to 6.1% from 8.3% in June, below last year’s peak above 11% 2011. REUTERS Sydney HOME prices across Australia’s major cities rose for a seventh straight month in July as record-low mortgage rates kept
      2011. REUTERS  -  472 words
    • Article
      Lock icon Property rights key to alleviating poverty: economist
      749 13 THOMSON REUTERS FOUNDATION Rio de Janeiro WHEN it comes to alleviating poverty and allowing people to live up to their potential, prize-winning Peruvian economist Hernando de Soto divides the world into two groups: the ones who have defined property rights and those who
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      235 12 TUAS B2 FACTORY FOR SALE PS, I For enquiries, call: Steven Chew 9630 0128 CEA Reg No. R0478P5G Tuas Avenue 10 A purpose-built part 7 part 4 detached factory with a 2-storcy annex Land: approx. 89,000 sq ft Gross Floor Area: approx. 161,000 sq ft Land Tenure: JTC leasehold balance
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      115 13 NOTICES HAW PAR CORPORATION LIMITED Company Registration No. *****0437M (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATES Notice is hereby given that the following share certificates have been reported lost, destroyed or mislaid:Name Certificate No. No. of Shares Lee Sum Tung *****88-1 1,000 -do-*****34-4 200 -do-*****31-3 120 -do-*****56-2 132
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      213 13 Invest in a New Era of High-Speed Growth In Iskandar Malaysia Excellent Locale Strategically connected to two major cities, Singapore and Kuala Lumpur, within 90 minutes 5\ Malaysian Two major ports mins customsat 45 mins psAandPortof Tuas Second Link w Tanjung Pelepas 5 km Proposed HIGH SPEED RAIL station in
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  • BANKING & FINANCE
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      Lock icon Grass greener on other side of Mekong for Thai fund manager
      1008 14 Atikrai Chatikavanij’s US$200m Ton Poh fund is increasingly targeting Vietnam, Cambodia and Laos BLOOMBERG Bangkok FACED with what he sees as a prolonged slowdown at home, Thai fund manager Atikrai Chatikavanij is embracing his favourite investment analogy as he
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    • Article
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      289 14  -  By Tan Effie taneffie@sph.com.sg Singapore DELOITTE Southeast Asia announced on Monday its acquisition of I-Analy-sis Pte Ltd, a digital forensic and electronic discovery service provider. This acquisition is a strategic investment for the company, which will more than double the size of the existing
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      Lock icon Ex-Goldman banker eyes global market for Alibaba financial arm
      681 14 BLOOMBERG New York WHEN Douglas Feagin decided to leave Goldman Sachs Group Inc after 22 years to run Ant Financial’s global operations, his colleagues congratulated him. Then asked: "Wait, what does Ant Financial do?” If Mr Feagin does his job right,
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    • Article
      Lock icon UK business lending likely to shrink until 2019: EY
      314 14 BLOOMBERG London BUSINESS loans in the UK will shrink to the lowest in more than a decade in the next couple of years as weaker economic prospects in the aftermath of the vote to leave the European Union damp demand, according
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      280 14 As predicted, SREITS have been the outperforming sector since the historic Brexit referendum on 23 June. How will SREITS continue to fare for the rest of the year? How will SREITS fare when interest rates finally rises? Which are the defensive SREITS that should be in your investment portfolio? How
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      21 14 majulahmomentsRelive FORLOCAL POSTINGONLY POSTAGE PREPAID LIMITED EDITION COLLECTOR’S POSTCARD BOOK ONLY 1,500 COPIES PRINTED Available at good bookstores and www .stpressbooks.com.sg
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      137 14 FRANCHISING LICENSING ASIA 2016 Exhibition Conference 13- 15 OCTOBER 2016 10.30am 6.30pm (Thu Frij 10.30am 5.30pm (Sat) Level 1, Hall B, Sands Expo Convention Centre, Marina Bay Sands fl III fl* fl I Free Admission! Register your visit TODAY! Log on to www.FranchiseLicenseAsia.com/np (Pre-registration closes 11 Oct 2016, 09:00AM GMT
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  • ENERGY & COMMODITIES
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      Lock icon MMHE sees continued O&G slump, further under-use of assets
      569 15  -  Group reports second-quarter loss of RM2.6 million and revenue of RM297 million By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA Marine and Heavy Engineering Holdings Bhd (MMHE) expects the slump in upstream oil and gas (O&G) to persist for at least the
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    • Article
      Lock icon Saudi Arabia cuts oil price to Asia as battle with Iran heats up
      438 15 BLOOMBERG Dubai SAUDI Aramco, the world’s largest oil exporter, lowered the pricing terms for Arab Light crude sold to Asia by the most in 10 months, signalling that Saudi Arabia has no plans to back down while
      BLOOMBERG  -  438 words
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      Lock icon Investors bearish on US crop prices due to rain
      390 15 BLOOMBERG Chicago INVESTORS have turned against three of the largest US crops, betting that timely rainfall will further swell grain supplies and exacerbate price drops. Hedge funds and other money managers are now holding a record wager on further declines for
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      9 15 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices
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      36 15 Learn Mandarin Without Stress! newstalk.zaobao.sg Try out this Chinese language e-learning tool today. Three different introductory plans* available. Subscribe NOW! $120 for 12 months $84 for 6 months $48 for 3 months Terms and conditions apply.
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  • TECHNOLOGY
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      Lock icon GSK, Google parent forge £540m bioelectronic medicines firm
      620 16 Tie-up will develop miniaturised, implantable devices that can modify electrical nerve signals REUTERS London GLAXOSMITHKLINE (GSK) and Google parent Alphabet’s life sciences unit are creating a new company focused on fighting diseases by targeting electrical signals in the body, jump-start-ing a novel
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      Lock icon Pokemon mania takes over Russia, and the Kremlin is wary
      362 16 BLOOMBERG MOSCOW MORE than a million people in Moscow are playing Pokemon Go, the mobile game dominating download charts in three dozen countries and the number is especially impressive because the game isn’t supposed to be available in Russia. Despite
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    • Article
      Lock icon Drones zip, glide and race for Manhattan Liberty Cup
      345 16 NYT Jersey City, New York “I’M NO Superman,” Cain Madere said, but he flies like Superman, except he wears little electronic goggles instead of a cape and tights, and keeps both feet on the ground. Mr Madere, 19, loves his drone’s-eye
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      223 16 >3)1 ;:*5£ sC! s 'apn>l» 11 1 m •r“* PROPERTY SEMINAR 2016 I I w r Create Wealth by investing in Asia, Australia and UK in the challenging times ahead! Date Time Saturday Sunday 27-28 August 2016 11am to 5pm TOPICS SPEAKERS DAY 1 Saturday, 27 August 2016 Venue SPH
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  • CONSUMER
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      42 17 ADVANCE f 'Nr ■^Po f **ai mL Pro r1 fxecut/^Ms s*» v *"v 7^46 a’*aYOUR CAREER Your career progression is now at your fingertips. Curated mid-high level positions for your consideration at www.stjobs.sg/executive. Find yours today! III! r_i STJOBS I O0 STJobs.sg
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  • TRANSPORT
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      Lock icon Nissan chases US sales gains as discounts lift it beyond Honda
      963 18 July reports likely to show Nissan deliveries up 3% amid falling sales projected for Honda, Toyota, Ford and GM BLOOMBERG Southfield, United States NISSAN Motor Co is growing faster in the United States than any massmarket carmaker and edged
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      Lock icon China’s top budget carrier caps new plane orders
      575 18 BLOOMBERG Shanghai AS many airlines across Asia join a rush to expand their fleets by ordering hundreds of jets, China’s top budget carrier is putting a pause to its new plane orders and said it will instead focus on operations. After signing
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    • Article
      Lock icon New wing part found in Tanzania could reveal MH370 clues
      417 18 Flight’s final resting place speculated to be outside current search zone in southern Indian Ocean AFP Sydney AUSTRALIAN search authorities for MH370 are hopeful that a wing part found in Tanzania will shed light on how the flight crashed, amid
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    • Article
      Lock icon Fraport lowering stake in St Petersburg airport operator
      341 18 REUTERS Frankfurt GERMANY’S Fraport is selling a stake in the operator of the St Petersburg airport, which is ailing from low traveller numbers due to the weakness of the Russian rouble, to the Qatar Investment Authority (QIA). The deal, from which Fraport
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      482 18 Change Management in Tough Times THINK BIG L E A D E R S H I P BUSINESS SERIES 2016 How innovation Can Make a Difference Companies which think out of the box and ride on innovation during volatile times can emerge ahead of the competition. Hear from the experts
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  • GOVERNMENT & ECONOMY
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      Lock icon UK manufacturing shrinks at fastest pace in over 3 years
      690 19 July post-Brexit vote data could add impetus for Bank of England rate cut this week; surveys point to higher chance of a UK recession ahead REUTERS London BRITISH manufacturing shrank at its fastest pace in more than three years in
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      Lock icon HK cancels flights, shuts schools as Typhoon Nida approaches
      443 19 AFP Hong Kong HONG Kong hunkered down on Monday as Typhoon Nida swirled towards it, with more than 100 flights cancelled and schools closed, and Guangzhou in neighbouring mainland China issued its top storm alert. Hong Kong was expected to raise
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      Lock icon Xi pressed by military for stronger South China Sea response: sources
      1244 19 REUTERS Beijing CHINA’S leadership is resisting pressure from elements within the military for a more forceful response to an international court ruling against Beijing’s claims in the South China Sea, sources said, wary of provoking a clash with the
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    • Article
      Lock icon India’s GST reform prospects boost markets
      378 19 REUTERS New Delhi THE prospect of a goods and services tax (GST) being passed in India has sparked a rally across markets, but analysts say the landmark reform may not provide a sustained boost as recent gains have largely priced in the outcome. The
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      47 19 A U G 1 6 11THURSDAY SPH News Centre 9.00am to 5.00pm UNLEASH THE COLLABORATIVE EFFORT OF TEAMS FOR INCREASED ENGAGEMENT, PRODUCTIVITY AND RESULTS Trainer Dinah Leong P R I C E $620.60 To register or find out more about our workshops, visit http://learning.stjobs.sg/ workshops STJOBS LEARNING
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  • OPINION
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      Lock icon The Elites need to try harder to gain legitimacy among the masses
      609 20 EDITORIAL BROWSE through your daily newspaper or surf the blogosphere and there would be someone there writing or chatting about the Big Issue of the Day: The growing political and economic strains between the “elites” and the people
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      Lock icon Trump supporters who should know better
      876 20  -  THE BOTTOM LINE By Paul Krugman NYT DONALD Trump said some more disgusting things over the weekend. If this surprises you, you have not been paying attention. Also, do not be surprised if a majority of Republicans approve of his attack on the parents
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      Lock icon A new slant on the US presidential race
      1563 20  -  Pledges of upbeat and assured Hillaryism vs the rants of angry and despondent Trumpism, represent the latest efforts to sway the American voter By Leon Hadar Washington I was watching President Barack Obama address the Democratic National Convention (DNC) in Philadelphia, Pennsylvania,
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      Lock icon Olympics can help rebrand Brazil for the better
      1054 21  -  COMMENTARY By Andrew Hammond T The writer is an associate at LSE IDEAS (the Centre for International Affairs, Diplomacy and Strategy) at the London School of Economics. THE Olympics begin on Friday in Rio, the first time that the Games have been
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      Lock icon Goodwill crucial in the long road to Britain’s exit from the EU
      805 21  -  COMMENTARY By Charles Grant T The writer is director of the Centre for European Reform. This is the first article in a two-part series on Britain’s transitional arrangements. Britain’s exit from the European Union (EU) will require not
      805 words
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      Lock icon Level the playing field for adopters of electric vehicles in Singapore
      1037 21  -  Building codes should also include needs of EV charging for both current population and future expansion of EV-ready car lots. BY SANJAY C KUTTAN BY SANJAY C KUTTAN T The writer is a council member of the Sustainable Energy
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      933 22 the Business times Shipping times Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10
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  • LIFE & CULTURE
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      Lock icon New version of Cats much like the old one
      991 23  -  This is fundamentally the musical you knew and loved, with the overriding spirit of the revival being the familiar motto: Do not mess with success By Charles Isherwood NYT New York IF I SOON end up in a psychiatric ward, could
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    • Article
      Lock icon Flower pots and egg timers: A fresh take on percussion
      779 23  -  By Corinna da Fonseca-wollheim NYT New York JOHN Cage once invited Arnold Schoenberg, his teacher, to a performance of percussion music in Los Angeles. Mr Schoenberg said he wasn’t free. In fact, Mr Schoenberg added, for emphasis, for such a
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      Lock icon Not just a face for Wild Turkey, this actor writes the ads too
      790 23 NYT Los Angeles MATTHEW McConaughey took a big swig of bourbon and nestled deeper into a hotel penthouse sofa. Then, with zeal, he sat straight up and began sniffing the air like a bloodhound. “They can smell
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  • Page 23 Miscellaneous
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      311 23 CRYPTIC CROSSWORD Across 7 Left home to be nursed by sibling (8) 9 Short in bar groggily put away (6) 10 Shortened Darren’s odds ahead of victory (4,2) 11 Opinionated setter, perhaps, starts to moan about themes in crosswords (8) 12 Bureaucrat on line about round fruit (8,6) 15 Cost
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  • SME
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      Lock icon Going the distance with bioenergy
      1304 24  -  Despite its success over the past few years, Apeiron is not resting on its laurels: It seeks to be a manufacturer and leader in the bioenergy sphere and further expand overseas By Leong Guo Feng, Toh xiu Han, Vivian Tai Huan Fen, Wan Qian Xiu
      BT FILE PHOTO  -  1,304 words
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      Lock icon Using real-time data to solve real-world problems
      952 24  -  COMMENTARY By Peter Moore T The writer is managing director, AWS Global Public Sector, Asia-Pacific Japan for Amazon Web Services. MOST public sector decision makers have been working with lagging data in the past. It often took government agencies years to plan, conduct
      ST FILE PHOTO  -  952 words
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      61 24 Celebrating Singapore´s Enterprising Spirit 2016 This series is part of the Enterprise 50 Educational Project between the E50 partners and the NUS Business School. Jumbo Group was among the winners in 2015. The annual E50 ranking is co-organised by The Business Times and KPMG, sponsored by OCBC Bank, and supported
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      28 1 AUGUST 2016 SPOTLIGHT SK TAN ‘Grandfather of aesthetics’ success story ROUNDTABLE Potential of alternative investments IN-DEPTH Indonesia’s tax amnesty bill: A primer REAL ESTATE Bargains in landed homes
      28 words
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      111 2 / 3 State of the art Upgrade to Next Generation our cutting-edge trading platform Fully customisable to suit your trading style, our platform has fast execution and reliability at its core. Couple that with powerful trading tools, advanced charting including over 80 technical indicators and drawing tools, plus native mobile apps. It’s
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      116 4 CONTENTSaugust 2016 4 wealth SPOTLIGHT 10 True calling SK Tan, ‘grandfather of aesthetics’, continues his entrepreneurial success story by venturing into skincare products and clinical research, while pursuing his philanthropic passion TRUSTED ADVISER 13 Retooling in progress Deutsche Bank is changing its ‘backbone’ to cater to high net worth clients
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      52 5 Credit Suisse Is your Private Banker on speaking terms with your Investment Banker? Discover how you can benefit from having Private Banking and Investment Banking integrated under one roof at credit-suisse.com/collaboration l > VV. > I V, V, > > V TrW yj\ ''Wik l 1 i 1 /ri c
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      134 6 CONTENTSaugust 2016 6 wealth 20 26 ALTERNATIVE INVESTMENTS 19 Show of resilience The private debt market is seeing strong growth and capturing investors’ attention ASIAN EQUITIES 20~Adapting amid uncertainty Multi-asset income strategies are all the more important given Brexit and the pace of US rate hikes FIXED INCOME 21~ Staying
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      50 7 Standard Chartered Private Bank Your entrepreneurial drive is fuelling your success As you navigate your business and fulfil your family aspirations, we can help grow and protect your wealth. Y O Pi i Here for good sc.com/privateban Standard Chartered Private Bank is the private banking division of Standard Chartered Bank.
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  • THE BUSINESS TIMES Wealth
    • Article, Illustration
      Lock icon Editor’s note
      721 8  -  By Genevieve Cua HE common perception is that doctors fare well financially just doing what they are trained to do. But there are also doctors who do exceptionally well particularly when they expand their sights beyond the proverbial box. Dr SKTan, fondly dubbed Singapore’s “grandfather of aesthetics”, set
      ILLUSTRATION: ISTOCK  -  721 words
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      87 9 Building a legacy, one step at a time. #1 Most Reputable and Financially Stable Private Bank in Asia. Asiamoney Polls 2014 2015. Your success today was built on the bedrock of your dedication. Like you, we believe that what matters most are trust, knowledge and opportunity to protect your legacy
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  • SPOTLIGHT SK TAN
    • Article, Illustration
      Lock icon True calling
      1823 11  -  SK Tan, ‘grandfather of aesthetics’, continues his entrepreneurial success story by venturing into skincare products and clinical research, while pursuing his philanthropic passion By Genevieve Cua W ITHIN the medical profession, aesthetics is big business, tapping into Asia’s rising affluence and individuals’ perennial desire to look good. Here
      PHOTO: ARTHUR LEE; PHOTOS: JYSK GROUP  -  1,823 words
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      330 12 ORGANISATION CONTACT DETAILS Premier Financial Institutions Tel +65 6597 8866 www.abnamroprivatebanking.com DESCRIPTION Tel +65 6559 8000 www.bankofsingapore.com ABN AMRO Private Banking has a mature local presence in more than 10 countries worldwide. Within Asia and Middle East, ABN AMRO currently has three private banking centres in Singapore, Hong Kong and
      330 words
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  • TRUSTED ADVISER
    • Article, Illustration
      Lock icon Retooling in progress
      1080 13  -  Deutsche Bank is changing its ‘backbone’ to cater to high net worth clients who require more automation,says its Asia-Pacific head of wealth management By Genevieve Cua S CALE in Asia’s private banking business is going to be paramount for those who aim to succeed, says Ravi Raju,
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  • IN-DEPTH
    • Article, Illustration
      Lock icon Going by the book
      1307 14  -  Investors need to be aware of the implications of Indonesia’s tax amnesty By Stacy Choong and Joanna Yap Stacy Choong is Partner and Joanna Yap is Partner, Withers KhattarWong HE long-awaited Indonesia tax amnesty bill was finally passed by the parliament on June 28, 2016. The
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      126 15 Deutsche Bank Wealth Management j r Vi 9 5*-- ■uT: rr ?s 4 its 1 SSSfgf. IllW' i 4 V t i w a; t:s to 1 S 355 54 ft VX 2* Sw V > a «5&. 1 Xi ac Global strength, regional presence, personal touch. Experience a world
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  • ROUNDTABLE
    • Article, Illustration
      Lock icon Off the beaten path
      2033 16 THE BUSINESS TIMES’ WEALTH ROUNDTABLE Genevieve Cua, BT Wealth Editor poses questions to wealth experts for their views on alternative investments. Investors are seeking above-market returns as the investment environment remains volatile. Our panellists give their take on alternative assets as the means to achieve this
      ILLUSTRATION: ISTOCK  -  2,033 words
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  • ALTERNATIVE INVESTMENTS
    • Article, Illustration
      Lock icon Show of resilience
      1017 19  -  The private debt market is seeing strong growth and capturing investors’ attention By Donald Rice Donald Rice is Head of Alternative Investments, Private Banking Asia Pacific, Credit Suisse NVESTORS are craving yield like never before. However, any extra pickup on cash is increasingly elusive in an environment
      ISTOCK ILLUSTRATION:  -  1,017 words
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  • ASIAN EQUITIES
    • Article, Illustration
      Lock icon Adapting amid uncertainty
      906 20  -  Multi-asset income strategies are all the more important given Brexit and the pace of US rate hikes By Clive McDonnell Clive McDonnell is Head of Equity Strategy, Wealth Management unit, Standard Chartered Bank HE outlook for equity markets in the second half has become more challenging in
      ISTOCK ILLUSTRATION:  -  906 words
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  • FIXED INCOME
    • Article, Illustration
      Lock icon Staying upbeat
      1048 21  -  Emerging markets’ credit rally continues post-Brexit By Todd Schubert Todd Schubert is Head of Fixed Income Research, Bank of Singapore MERGING Market (EM) bonds experienced their best sixmonth return since 2012 during the first half of 2016. The JPM CEMBI Broad rose 8.6 per cent, driven by an
      ISTOCK ILLUSTRATION:  -  1,048 words
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  • ASSET MANAGER
    • Article, Illustration
      Lock icon Look to the future
      1205 22 First State Investments’ Jamie Grant gives his take on Asian fixed income VOLATILITY and uncertainty have soared since the Brexit vote. Jamie Grant, Head of Asia Fixed Income, First State Investments, shares his perspective on the Asian fixed income outlook. Q: Given the uncertainties and the
      1,205 words
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  • VIEW POINT
    • Article, Illustration
      Lock icon All will come to pass
      1244 23  -  Brexit is yet another unexpected event with zero long-term impact Leonardo Drago Co-founder AL Wealth Partners “B REXIT”, the UK vote to exit the European Union (EU), captivated the financial world at the end of June. On the news global equity markets sold off sharply,
      PHOTO: ISTOCK  -  1,244 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon A much coveted asset
      1292 24  -  With limited supply and lower prices, landed homes spell opportunities for Singapore buyers Alice Tan Director and Head of Consultancy& Research Knight Frank AND scarcity, high population density and limited supply are the prime reasons that make landed property a coveted asset in Singapore. Over the
      Source: REALIS (based on data as at June 15,2016), Knight Frank Research; PHOTO: ARTHUR LEE; Source: Knight Frank Research  -  1,292 words
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  • ULTRA WEALTH
    • Article, Illustration
      Lock icon Gold standard in skincare
      952 26  -  Cult beauty brand Jurlique’s founder has created an anti-ageing serum that is the dearest in the market Tara Loader Wilkinson Editor in Chief, Billionaire “I N cosmetics there’s so much lying about natural’ this and organic’ that,” laments Jurgen Klein, founder of Australian cult beauty brand
      PHOTOS: JK7SKINCARE  -  952 words
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      214 27 YOUR SPACE in the city awaits. Marina One Residences is set to take its place as the epicentre of Singapore’s new Central Business District in Marina Bay. A 3.67millionsq.ft.integrated development with luxurious residences, unique retail offerings and prime Grade A offices 2,3,4-bedroom units and penthouses available 65,000 sq.ft.of lush greenery
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      117 263 BANKOFSINGAPORE Asia's global private bank What can we give a man who has everything? I y o i 1 A 4 •v r > 5 We give him time to be a student again. You've come this far and achieved so much. Now it's time to pursue the interests that
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