The Business Times, 27 August 2016

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Total Pages: 56
1 8 The Business Times
  • Page 1 Advertisements
    • 63 1 LivingBTTHE BUSINESS TIMES WEEKEND AUGUST 27-28 2016 LET'S DO BRUNCH Hotels are betting on bigger and better spreads for brunch. L2-3 DESIGN Ikea homes in on local designers L4-5 GRAND COPTHORNE WATERFRONT WELLNESS New fitness options L8-9 MOTORING Volkswagen and Ford rollouts L14-15 GADGETS State of the art TVs L12-13
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  • BT LIVING
    • DINING
      • 1021 2  -  Foodies in Singapore love their laid-back, late weekend breakfast-cum-lunch lunch tryst and more eateries are banking on it. By Rachel Loi By Rachel Loi @RachelLoiBT rachloi@sph.com.sg AWHO can resist brunch a meal of comforting breakfast food except with the licence to sleep in on a weekend morning.
        PHOTOS: KINKI, RITZ CARLTON, MITZO; PHOTOS : SHANGRI-LA HOTEL . SINGAPORE, THE KNOLLS AT CAPELLA SINGAPORE, SUPER LOCO  -  1,021 words
      • 691 3 Weekend brunch at Long Chim 12pm to 4pm, (every weekend) www. longchim. com.sg YOU know brunch culture is making waves when even celebrity chefs are jumping on the bandwagon. Just earlier this year, David Thompson’s Thai street food restaurant Long Chim launched its own weekend
        PHOTO: YANTRA BY HEMANT OBEROI; PHOTO: LONG CHIM  -  691 words
    • DESIGN
      • 1262 4 / 5  -  Ikea’s Young Designer’s Award this year helped launch nifty new creations for time-strapped homemakers. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT DESIGN student Anthony Yu (right) credits his mum for giving him the idea for creating a hanging holder for kitchen rags. Mr Yu, 24,
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    • HOME & GARDEN
      • 1135 6 / 7  -  The owners of a d’Leedon apartment wanted the interior of their unit to mirror the exterior of the condo designed by the late starchitect Zaha Hadid. personal space By Tay Suan Chiang taysc@sph.com.sg @TaySuanChiangBT WHEN it comes to giving their interior designers a brief, most homeowners
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    • WELLNESS
      • Article, Illustration
        1670 8 / 9  -  With ever-burgeoning fitness centre options, how do studios stand out from the competition and draw in customers? BT Weekend gets the lowdown from three new players in the market. By Avanti Nim By Avanti Nim FRUITFUL SHIFT GuavaLabs Mandarin Gallery, 333A Orchard Road, #04-13 www.guavapass.com NO, put that
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    • HEALTH
      • 1236 10 Computed tomography angiogram can be considered as the single best non-invasive test for the diagnosis of heart disease Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is a professor at Fudan University, Shanghai and vice-president of both the World
        FILE PHOTO  -  1,236 words
    • GADGETS
      • 922 12 / 13 Its Signature G6 OLED TV unleashes all the bells and whistles that aficionados go gaga over. By Sherwin Loh sherwinl@sph.com.sg @SherwinLohBT FOR a television set that barely has a presence in any room it sits in, LG’s Signature G6 range of OLED TVs
        PHOTO: LG  -  922 words
      • 895 12 / 13  -  By Sherwin Loh FROM 3D, curved screens, TV operating systems to quantum dot displays, no one can say that Samsung does not try its best at each generation of TV it makes, and this year’s model is no different. Offering 1,000 nits brightness from an
        PHOTO: SAMSUNG  -  895 words
      • 462 12 / 13  -  By Sherwin Loh HIGH Dynamic Range, or HDR, is a term used mostly with photography but it has now been co-opted by the video industry as well. And their meanings are very different. While every new generation of television sets promise to
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    • MOTORING
      • Article, Illustration
        605 14  -  The sharper-profiled, second-generation Volkswagen Touran is a versatile family wagon. By Samuel Ee samuelee@sph.com.sg THE new Volkswagen Touran may look a lot like the VW Sportsvan but that’s not necessarily a bad thing. Where once the Touran was a stubby-looking, multi-purpose vehicle, the new model has been
        605 words
      • 709 15  -  The Ford Mustang is now available in right-hand-drive from the factory. THE 2.3-LITRE ECOBOOST IS THE MODEL’S FIRST FOUR-CYLINDER UNIT AND THE ONLY ENGINE THAT IS TURBOCHARGED By Samuel Ee samuelee@sph.com.sg I T has taken some time but the American car that spawned a whole new segment more
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  • Page 10 Advertisements
    • 29 10 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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  • Page 11 Advertisements
    • 174 11 Life's Good Perfect Black, Perfect Color r o* V *-r- i-v. y ,>.v ;A As black gets deeper, colors appear more lifelike. Only the individual self-lighting pixels of LG OLED TVs can achieve perfect black. See it for yourself and discover genuine, vivid color. T OLEDHDR §fe£ 5; Self-lighting Infinite
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  • BT CORPORATE GOLF LEAGUE 2016
    • 978 16  -  Teams Centurion, Gayatri, KPMG and SunMoon have been loyal participants, sponsors or both of the BT Corporate Golf League over the years. By Justine Moss By Justine Moss EDGE Golf bounced back to the top of the League table after shooting a superb 111 stableford
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  • 24 1 weekend THE BUSINESS TIMES w w w sinesst ime .com. g AUGUST 27-28, 2016 S$1.20| MCI (P) 066/08/2016 Sffll A SINGAPORE PRESS HOLDINGS PUBLICATION
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  • 35 1 TECHNOLOGY IT ties up with Samsung Pay in Singapore, allowing its cardholders access to the mobile wallet, as part of a strategy to become the “top community bank” in Asean. 4
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  • 34 1 WELL-BEING SINGAPORE workers not only spend more hours at work relative to their Hong Kong and China peers but more than half say their stress level has gone up. 7
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  • 37 1 EARNINGS THE rise to 1.7 Singapore cents, from 1.59 cents a year ago, comes despite net profit falling 21.8 per cent to 4.43 billion yen, due mainly to fair-value adjustments. 10
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  • 33 1 INVESTMENT THE red-hot market for gold mining companies makes the shares too expensive for some investors, even though they remain bullish on the outlook for bullion. 18
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  • 44 1 ECONOMY BRITAIN’S high streets are heaving with shoppers despite June’s shock vote to leave the European Union, big companies have reported few signs of distress and some tabloid newspapers are even talking about a post-Brexit economic boom. 21
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  • 803 1  -  Seven eulogies delivered at state funeral service, highlighting SR Nathan’s contributions; tributes flow in from overseas By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore INGAPORE on Friday said a final goodbye to a man hailed as a “super ambassador”, loyal servant to the
    PHOTO: LAU FOOK KONG/ STRAITS TIMES; PHOTO: KUA CHEE SIONG/THE STRAITS TIMES  -  803 words
  • 607 1  -  By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SINGAPORE’S manufacturing output surprised by shrinking 3.6 per cent year on year in July reversing four consecutive months of expansion, and disappointing the market’s hopes for a 0.8 per cent increase. The weak showing was due
    Source: Singapore Economic Development Board  -  607 words
  • Page 1 Advertisements

  • TOP STORIES
    • Article, Illustration
      56 2 NEWS Top Stories 2-7 Raffles Conversation 8-9 Companies Markets 10-14 Real Estate 15-16 Banking Finance 17 Energy Commodities 18 Technology 19 Consumer 20 Govt Economy 21 Transport 22 Life Culture 23 Opinion 24-25 Wealth 26-27 LIVING Dining L2-3 Design L4-5 Home Garden L6-7 Wellness L8-9 Health L10 Gadgets L12-13
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    • 649 2  -  Former president hoped his never-give-up attitude would inspire Singaporeans STATE FUNERAL OF SR NATHAN By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore BORN in humble circumstances in 1924, former president SR Nathan would become a great influencer
      PHOTO: KUA CHEE SIONG/ THE STRAITS TIMES  -  649 words
    • 136 2 HSTI 2,857.65 (-19.28) HSTI FUTURES 2,858.00 (-19.00) HSIMSCI 315.16 (-2.26) HSIMSCI FUTURES 315.05 (-3.05) STOCKS Friday Change KL COMP 1,683.09 +2.79 NIKKEI 225 16,360.71 -195.24 HANG SENG 22,909.54 +94.59 SET 1,549.41 +5.31 JAKARTA 5,438.83 -15.29 MANILA 7,845.49 -9.05 KOSPI 2,037.50 -5.42 SHENZHEN B 1,161.50 +2.10 MUMBAI 27,782.25 -53.66 11.00
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    • 666 3  -  Several mention his thoughtful handwritten notes of encouragement and recall his appreciation of good food STATE FUNERAL OF SR NATHAN By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore AS the eulogies were delivered one by one, a common theme that rang across many
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    • 678 4 Economy is ‘nearing’ Fed’s goals of full employment and stable prices, she adds Bloomberg Washington FEDERAL Reserve chair Janet Yellen said the case to raise interest rates is getting stronger as the US economy approaches the central bank’s goals. “In light
      Bloomberg  -  678 words
    • 254 4  -  By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore BUSINESS receipts for the services industry in Singapore edged up 0.4 per cent year-on-year in the second quarter but were up 1.1 per cent quarter-on-quarter. According to a release from the Department of Statistics on
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    • 508 6  -  Lender ties up with Samsung Pay in Singapore, allowing cardholders access to mobile wallet By Renald Yeo yrenald@sph.com.sg Singapore AS part of a strategy to strengthen its digital presence across the region, Maybank has tied up with Samsung Pay in Singapore, allowing
      508 words
    • 535 6  -  By Anthony Rowley btworld@sph.com.sg Tokyo THE Bank of Japan’s (BOJ) highly elusive inflation target slipped further out of range on Friday when it was announced that Japanese core consumer prices fell by 0.5 per cent in July compared with the level
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    • 623 7  -  Workers face long unproductive meetings and working hours, organisational politics By Siow Li Sen lisen@sph.com.sg @SiowLiSen Singapore SOME of you probably already feel that the office is a grim place. But if you want evidence of that, a survey has just confirmed that
      Source: Roffey Park  -  623 words
    • 815 7 Bloomberg Singapore KUOK Meng Ru didn’t spend much time with his billionaire father when he was growing up. As the third child of an agri-business tycoon, he was sent off to a British boarding school at 10; he graduated later from Cambridge University
      Bloomberg; SPH FILE PHOTO  -  815 words



  • Page 5 Advertisements
    • 358 5 L. Learn about sleeping disorder, snoring, fatigue, and sinus problems from Dr Dennis Chua, Ear, Nose and Throat (ENT) consultant specialist, with more than 10 years experience in treating patients for ENT related issues. Learn about prevention, detection and treatment for heart related diseases and stroke from Dr Michael Lim,
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      2124 8 / 9  -  Philip Yuen, CEO of Deloitte Southeast Asia, sees the region’s massive potential for growth as a harbinger of success for the group. By Michelle Quah By Michelle Quah michquah@sph.com.sg @MichelleQuahBT PHILIP YUEN has, by his own admission, big shoes to fill, but one cannot accuse him of not
      PHOTO: ARTHUR LEE  -  2,124 words

  • COMPANIES & MARKETS
    • 709 10  -  This is despite profit falling 21.8% to 4.4b yen By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore CROESUS Retail Trust’s distribution per unit (DPU) for the fourth quarter ended June 30, 2016, rose to 1.7 Singapore cents, from 1.59 cents a year ago,
      709 words
    • 488 10  -  COMMENTARY By Christopher Langner Bloomberg PICTURE this: a man walks up to you and tells you he’ll mug you at gunpoint because he’s in financial need. That would be awful, but disclosing his motive and planned course of action upfront
      Bloomberg  -  488 words
    • 538 11  -  STOCKS Jamie Lee leejamie@sph.com.sg @JamieLeeBT Correspondent SINGAPORE shares on Friday closed lower on weak volume ahead of a key speech to be delivered by US Federal Reserve chairwoman Janet Yellen. The traits Times Index (STI) also tracked Wall Street’s weaker performance
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    • Corporate digest
      • 50 11 WING Tai Holdings’ fully-owned subsidiary Wing Tai (China) Investment has sold its 40 per cent interest in Optima Investment Development to Singbridge Guangzhou for a cash consideration of S$89.3 million. Following the disposal of shares, Optima has ceased to be a joint venture company of Wing Tai.
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      • 74 11 ABR Holdings, which runs restaurant chain Swensen’s as one of its brands, on Friday said that it has decided to terminate the contract for the purchase of the property at 2 Banool Avenue, Yarraville in Victoria, Australia. This followed its review of the due diligence results of the
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      • 70 11 SHIPBUILDER Vard Holdings has secured contracts to design and build two luxury expedition cruise vessels for German cruise company HapagLloyd Cruises. The company had announced a letter of intent relating to this on May 13, without revealing the name of the cruise company then. The contracts’ effectiveness is
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    • 75 11 BY CENTS CLOSE UP 52w high/low JSH USD 3243 55.4 1.3 3280/2524 DBXT Vietnam US$ 2451 47.3 1.4 2533/2017 Lyxor Europe US$ 1278 44.6 2.7 1384/1150 JMH USD 6047 36.5 0.4 6160/4500 DBXT MSTaiwan US$ 2249 17.6 0.6 2298/1667 BY PERCENTAGE CLOSE UP 52w high/low ITE Electric 5.5 175.0
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    • 73 11 BY CENTS CLOSE DOWN 52w high/low DBXT MSJAP US$ 4944 -81.1 -1.2 5021/4031 DBXT E50 US$ 4507 -32.4 -0.5 5000/3918 DBS Grp 1510 -17.0 -1.1 1845/1301 Jardine C&C 4301 -17.0 -0.4 4520/2636 DBXT MSINDIA US$ 1004 -16.2 -1.2 1020/816 BY PERCENTAGE CLOSE DOWN 52w high/low Elektromotive 0.2 -50.0 -0.2
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    • 34 11 VOLUME Noble 64,400,200 HSI*****MBeCW*****9 41,358,700 Magnus Energy 29,401,000 Global Logistic 22,582,000 ComfortDelGro 16,488,900 Market volume 893,489,000 VALUE Singtel 51,779,609 DBS Grp 50,270,048 ComfortDelGro 46,804,021 Global Logistic 42,056,149 UOB 41,752,035 Market value 672,090,000
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    • 318 11  -  By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore AGV Group rose 9.1 per cent, or two Singapore cents, from its initial public offering price to end its Catalist debut at 24 Singapore cents on Friday. A total of 7.9 million AGV
      Source: Bloomberg  -  318 words
    • 303 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 246 +1 247/245 257 209 6.2 6836.9 CapitaCom Trust 155.5 -0.5 157/154.5 159 127 5.5 4598.7 CapitaLand 312 -3 315/310 340 267 12.5 2.9 *****.7 CapitaMall Trust 216 -2 218/214 225 185
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    • 113 12 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 290 -2 162 293/290 314/254 290/291 Nikko AM STI ETF 297 -1 83 299/297 320/259 296/297 7.2 IS MS INDIA US$ US719 -9 60 728/719 772/575 717/720 89.9 ABF SG Bond ETF 118.5 56
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    • 833 12 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Aug 22 Substantial Buy No of Price SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) G.K Goh Hldgs 25-Aug-16 GKG Invest Hldgs Buy 60 0.84 *****2 59.94 *****2 59.95 G.K Goh Hldgs
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    • 189 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 9 4 0 0 0 2 9 4 Manufacturing 25 47 19 6 10 10 31 57 29 Commerce 16 14 20 1 1 2 17 15 22 Tpt/Stor/Comms 8 16 3
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    • 121 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 10,853 10,853 38,204 38,204 Manufacturing 50,022 41,967 91,989 56,029 1,921 57,950 Commerce 92,341 5,966 98,307 48,452 183 48,635 Tpt/Stor/Comms 65,800 155 65,955 140,230 15 140,245 Finance 15,816 47 15,863 134,642 5 134,647 Construction 7,859 1
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    • 77 12 Aug 26 VALUE CLOSE BT OB/OS -193.00 -70.00 BT CADI -*****.00 -81.00 BT 10-day MA -*****.00 -19.00 FTSE ST Mid Cap 680.87 -2.95 FTSE ST Small Cap 382.74 -0.62 FTSE ST All Share 700.06 -3.50 FTSE ST China Top 156.46 -0.93 FTSE ST China 187.08 -0.80 FTSE
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    • 83 12 VOL CLOSE($) CHANGE ITE Electric 1,682.0 0.055 +0.035 +175.00 Metech Intl 2,503.1 0.003 +0.001 +50.00 Infinio 3,141.9 0.002 -0.001 -33.33 Swee Hong 3,376.2 0.010 -0.006 -37.50 Eucon 201.0 0.013 -0.003 -18.75 Pharmesis Intl 8.5 0.400 +0.050 +14.29 Banyan Tree 687.8 0.420 -0.020 -4.55 China Yuanbang 4.6 0.340 -0.060
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    • 193 13 Aug-25 Price Net change change Last Trade Agricultural Aug-25 CBOT Soybeans (US cents/bu) 998.25 -32.50 -3.15% 14/09/2016 CBOT Soybean Oil (US cents/lb) 32.91 -0.66 -1.97% 14/09/2016 CBOT Wheat (US cents/bu) 401.25 -2.75 -0.68% 14/09/2016 Aug-25 LIFFE Cocoa (£/tonne) 2426.00 11.00 0.46% 15/09/2016 LIFFE Coffee (US$/tonne) 1761.00 -18.00 -1.01%
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    • 60 13 Aug 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 16 2797.0 2800.0 2823.0 2792.0 324 5383 Oct 16 2620.0 2647.0 2665.0 2616.0 1516 ***** Nov 16 2525.0 2552.0 2567.0 2523.0 ***** ***** Dec 16 2490.0 2513.0
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    • 65 13 Aug 26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.53 99.54 99.54 5-Year NX*****X 2.250 01-Jun-21 104.35 104.43 104.43 10-Year NX*****F 2.125 01-Jun-26 103.15 103.30 103.20 15-Year NZ*****F 2.875 01-Sep-30 109.99 110.20 110.08 20-Year NZ*****X 2.250 01-Aug-36 101.92
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    • 155 13 Aug 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0316 1.0323 0.7631 0.7632 Canadian dollar 1.0470 1.0480 0.7748 0.7745 Euro 1.5256 1.5268 1.1286 1.1288 NZ dollar 0.9891 0.9906 0.7317 0.7324 Sterling pound 1.7857 1.7876 1.3210 1.3216
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    • 5 13 Source: Bloomberg
      Source: Bloomberg  -  5 words
    • 206 13 Most active Aug 26 Prem Expiry Last Vol Conv Exer Disc Gear-Mths Company Sale +or-('000) Ratio Price ing Left HSI ***** MB eCW*****9 9.9 0.6 ***** 0.0 1 HSI ***** MB ePW*****9 3.9 -0.5 ***** 0.0 1 DBS MB eCW*****1 12 -0.7 5178 0.1 1550 6
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    • 377 13 In local curr In S$ In US$ dy yr dy yr dy yr Aug 25 Index Change Change Change Change Change Change World Preliminary 1306.2 -0.1 2.2 -0.2 -0.7 -0.1 4.0 EAFE Preliminary 966.2 -0.4 -4.7 -0.5 -5.3 -0.4 -0.8 Europe Preliminary 1388.0 -0.6 -1.7
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    • Article, Illustration
      10 13 Source: Bloomberg Source: Bloomberg Source: Bloomberg Source: Bloomberg
      Source: Bloomberg  -  10 words
    • 484 14  -  Higher contributions from almost all segments help revenue rise 32% By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore REVENUE growth in all segments except one gave a lift to Silverlake Axis Limited’s earnings in its fourth quarter, though this was partially negated by the
      484 words
    • 339 14  -  By Tan Effie taneffie@sph.com.sg Singapore SINGAPORE Press Holdings Limited (SPH) announced on Friday that it has completed the acquisition of the business assets of Pacom Media Pte Ltd, a Singa-pore-based media company with a niche focus on golf. The assets are now part of SPH’s
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    • 279 14  -  By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore CHINESE shipbuilder Yangzijiang Shipbuilding (YZJ) is looking to slash 2,000 more jobs to bring its overheads down as its order intake for shipbuilding slows. A YZJ spokesman confirmed to The Business Times that the group plans to
      279 words
    • 368 14  -  By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore CORDLIFE Group on Friday posted a 59.8 per cent drop in net profit to S$13 million for its fiscal year ended June 30, 2016. This was a drop from S$32.5 million a year ago. Revenue rose
      368 words





  • REAL ESTATE
    • 938 15 New York property touted to house iconic Apple store is stuck in a mortgage bond facing hundreds of millions of dollars in unpaid debt IFR New York A PROPERTY in New York City that investors were told would be the home of an iconic
      IFR; PHOTO: REUTERS  -  938 words
    • 560 15 Residential investment grows at fastest in five years Reuters Tokyo JAPAN’S housing market is likely to moderate after investment grew at its fastest in five years in April-June, but the benefits to consumer spending and employment could continue into next
      Reuters  -  560 words
    • 1247 16 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JULY 13 AND JULY 19, 2016 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 9 NON-LANDED Cairnhill Crest Apt 18/07/2016 FH 1733 3160 1823 Cairnhill Nine Apt 13/07/2016 99 1206
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  • Page 15 Advertisements
    • 39 15 GOOD CLASS BUNGALOW CABLE ROAD *****/ 8600 sf 10 Carpark lots 30m frontage, beautiful land Vacant, privacy, quiet, nice garden Motivated seller Exclusive Marketing Agent K H Tan *****348 Newsman Realty Pte Ltd Estate Agt L*****29F• CEA Reg R*****9A
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  • BANKING & FINANCE
    • 566 17 This is a relief for hedge funds that have been stuck with Yirendai Bloomberg Hong Kong STOCK traders who have been stuck with China’s most painful short sale are finally getting some relief. After suffering through a 953 per cent rally
      Bloomberg  -  566 words
  • Page 17 Advertisements
    • 390 17 RECRUIT Classifed Jobs 1800-289-9988 I www.sphclass.com.sg/recruit I Executive Appointments 1800-289-8822 Our businessspace. 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
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  • ENERGY & COMMODITIES
    • 945 18 However, they remain bullish on the outlook for bullion Bloomberg New York THE red-hot market for gold mining companies has made the shares too expensive for some investors, even though they remain bullish on the outlook for bullion. Earlier this year, fund managers
      Bloomberg; PHOTO: BLOOMBERG  -  945 words
    • 487 18 Reuters Stavanger, Norway A TWO-year crisis in Norway’s oil industry may be ending and more companies are willing to invest, the head of the agency overseeing the country’s oil and gas resources said. The sector, which accounts for 20 per
      Reuters  -  487 words

  • TECHNOLOGY
    • 1152 19 MedSec discloses weakness in St Jude’s medical devices after Muddy Waters takes short position against the firm Bloomberg Washington WHEN a team of hackers discovered that St Jude Medical Inc’s pacemakers and defibrillators had security vulnerabilities that could put lives at risk,
      Bloomberg; PHOTO: BLOOMBERG  -  1,152 words
  • Page 19 Advertisements
    • 106 19 THE COMPANIES ACT CAP. 50 PERECOM INVEST PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (UEN: *****0231H) FINAL MEETING NOTICE IS HEREBY GIVEN THAT the Final Meeting of the Members of the abovenamed Company will be held at 133 Cecil Street #16-01 Keck Seng Tower Singapore *****5 on 30 September 2016 at
      106 words
    • 187 19 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF HANLEY INVESTMENTS PTE. LTD. Company Registration No. *****5757E (IN MEMBERS’ VOLUNTARY WINDING UP) NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting of the abovenamed Company
      187 words
    • 186 19 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ATLANT INTERNATIONAL PTE. LTD. Company Registration No. *****9941C (IN MEMBERS’ VOLUNTARY WINDING UP) NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting of the abovenamed Company will
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  • CONSUMER
    • 690 20 It is latest firm to be caught up in outrage at apparently egregious drug price increases Reuters New York MYLAN NV said on Thursday it would reduce the out-of-pocket costs of its emergency EpiPen allergy injection for some patients amid a wave of
      Reuters; PHOTO REUTERS  -  690 words
    • 543 20 NYT New York KFC describes its closely guarded original fried chicken recipe as “one of the biggest trade secrets in the world”. The company says the original handwritten recipe is housed in a 350kg safe encased in two feet of concrete and guarded by
      NYT; PHOTO: AFP  -  543 words

  • GOVERNMENT & ECONOMY
    • 1170 21 Retail sales strong, big firms report little impact, but economists say it’s too soon to judge how economy will fare Reuters London BRITAIN’S high streets are heaving with shoppers despite June’s shock vote to leave the European Union (EU), big companies have reported
      Reuters; PHOTO: AFP  -  1,170 words
    • 360 21 LATEST US DATA Reuters Washington US economic growth was a bit more sluggish than initially thought in the second quarter as businesses aggressively ran down stocks of unsold goods, offsetting a spurt in consumer spending. Gross domestic product expanded at a 1.1 per
      Reuters  -  360 words

  • TRANSPORT
    • 456 22 Airline also aims to attract an equity investor to Asia Aviation Capital by end-2016 Reuters Singapore AIRASIA Bhd, Asia’s biggest low-cost airline, values its wholly owned leasing arm at RM4.1 billion (S$1.4 billion), and aims to attract an equity investor to the unit
      Reuters; PHOTO: REUTERS  -  456 words
    • 574 22 Bloomberg San Francisco VOLKSWAGEN AG has agreed to pay 652 car dealerships for their losses from the diesel-cheating scheme that has affected more than half a million cars in the US. The carmaker will buy back unfixable used
      Bloomberg  -  574 words
  • Page 22 Advertisements
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  • LIFE & CULTURE
    • 998 23 This year’s Video Music Awards ceremony may celebrate music videos as it originally intended to NYT New York AS music awards shows go, MTV’s annual Video Music Awards ceremony the VMAs is by far the loosest, the most vibrant and the most prone to
      NYT; PHOTO: REUTERS  -  998 words
  • Page 23 Miscellaneous
    • 311 23 CRYPTIC CROSSWORD Across 1 Aggravated by lie a ltered on purpose (12) 9 Covering Rolling Stones, perhaps getting older (9) 10 Hug sweetheart and complain (5) 11 Fa ith must be given hard push (6) 12 Steps too much, turning hee l (8) 13 Take issue from seed if fertilised
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  • OPINION
    • 1313 24 / 25  - Valley of the East Singapore or HK? It is premature to declare either country as a preferred hub for fintech and healthy competition is good for the region. By Steven Seow and Rahul By Steven Seow and Rahul Mudgal ~The writers are from Mercer. Steven Seow is head of wealth
      PHOTO: AFP  -  1,313 words
    • 852 24 / 25  -  By Chris Lehane ~The writer is head of global policy and communications for Airbnb. THE concept of a sharing economy is not new, especially to Singaporeans. Back in the day, the older generations were ambassadors of the “kampung spirit”. They opened their homes to
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  • Page 24 / 25 Miscellaneous

  • Wealth
    • WEALTH INVESTING
      • 930 26 / 27  -  It’s set to become the largest cinema operator, with over 13,000 screens on four continents once current deals are closed. By Matthew Miller and Shu Zhang By Matthew Miller and Shu Zhang Reuters Beijing WANG Jianlin, the billionaire Chinese property tycoon turned entertainment mogul, said
        Reuters; PHOTO: REUTERS  -  930 words
      • 716 26 / 27 Bloomberg Mumbai FOREIGN investor holdings of Indian corporate bonds have slumped to a 19-month low, despite world-beating economic growth and yields close to 8 per cent. That’s a situation that may not last in a planet being taken over by negative
        Bloomberg  -  716 words
      • brokers' take
        • 202 26 / 27 STARHUB’S and M1’s stock prices have risen by about 15 per cent since mid-May 2016 and the stocks are trading close to their historical mean valuation, suggesting that stock prices are factoring in no fourth mobile operator scenario. With the end to the
          202 words
        • 179 26 / 27 Target price: S$1.54 Aug 26 close: S$1.505 OCBC Investment Research, Aug 26, WHILE there is an inherent risk from medical tourism for Singapore’s private healthcare sector, we believe the change was not significant for RMG. On the back of a diversified international patients mix, we understand
          179 words
        • 211 26 / 27  -  Compiled by Claire Huang Target price: S$0.79 Aug 26 close: S$0.685 Phillip Securities Research, Aug 25 NON-RENOUNCEABLE 1-for-10 preferential offering, in conjunction with the acquisition of Bukit Batok Connection from sponsor. Issue of up to 94.35 million new units at S$0.63 each, to raise gross
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  • Page 28 Advertisements
    • 133 28 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE ,IN THE VILLAGE OF LE HOME OF AUDEMARS PIGUET B R A S S U S T H E E A R LY WAT C H M
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  • Page 1 Advertisements
    • 29 1 27-28 AUGUST 2016 THE BUSINESS TIMES WEEKEND GetFIT FOR R GOLF TRAIN LIKE DUSTIN JOHNSON UNDERCOVER TOUR PRO MEET THE LPGA STALKERS THE AUDI INTERVIEW MEET SUNMOON’S GARY LOH
      29 words

  • Swing
    • editor’s letter
      • 505 2  -  BY S. MURALI The diehards among you probably know the answer but this is for the rest. The Olympic gold medals for golf in Rio went to Justin Rose and Park Inbee. And there you go. Golf returns to the Olympics
        505 words
    • 597 3  -  PRESENTED BY S BY JUSTINE MOSS PORTING CONNECTIONS unMoon Food Company Limited is a consumer-focused distributor and marketer of branded highquality fruits, vegetables and products. It works collaboratively to develop innovative, natural, sustainable and nutritious food products for increasingly health-conscious global consumers. Its growing global network of suppliers
      photos by Gavin Foo, courtesy of Audi  -  597 words
    • 826 4  -  HIS GOLF GAME IS AT AN ALL-TIME HIGH, AND SO IS HIS FITNESS BY RON KASPRISKE BY RON KASPRISKE TRAINING WITH D.J. HIS GOLF GAME IS AT AN ALL-TIME HIGH, AND SO IS HIS FITNESS ustin Johnson is a freak—in a good way. Whether you hand him
      photo by John Loomis  -  826 words
    • 605 5  -  EX-RACER TO JOIN OTHER SPH WAGC WINNERS FOR FINALS IN SOUTH AFRICA BY DAVID LEE TIME TO FLY FLAG HIGH EX-RACER TO JOIN OTHER SPH WAGC WINNERS FOR FINALS IN SOUTH AFRICA s the first Singaporean to compete and score points in the FIA World
      TNP photo by Phyllicia Wang  -  605 words
    • 253 6 / 7  -  4 DRIVING SECRETS TO WIN YOUR MATCHES BY PATRICK REED SECRETS ECRET TO WIN YOUR MATCH 1PUT IT IN THE FAIRWAY. Even if it means sacrificing distance, you want the ball in play. Don’t try to keep up with longer opponents. If you’re first to hit from
      photo by Walter looss Jr.  -  253 words
  • Page 2 Advertisements
    • 24 2 IN TIME WITH With content by Reprinted by permission from the 09/16 issue of Golf Digest®. Copyright© 2016 Golf Digest Publications. All rights reserved.
      24 words

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  • Page 6 / 7 Advertisements
    • 326 6 / 7 Hit Your Tee Shots with UFC Refresh Coconut Water With the hot and humid weather all year round in Singapore, it can be quite an energy zapper at times, leaving you feeling dehydrated. This can greatly affect performance levels during your golf rounds. Whether you’re looking to maximise your potential
      326 words
    • 262 6 / 7 HORIZON HILLS GOLF <& COUNTRY CLUB horizon hills golf country club 36 HOLES SPECIAL GOLF PROMOTION All rates inclusive of green fee per pax, buggy (twin sharing), caddies (twin sharing) golfer's insurance RM 306.80 nett Weekdays Terms Conditions: Above rates are inclusive of 6% Goods Services Tax Single surcharge apply
      262 words

  • Article, Illustration
    139 8  -  AN ARRAY OF COLOURS AND MODELS TO SUIT EVERY INDIVIDUAL BY KOVITANG Photography Kenneth Choo Lighting Jimmy Pang Styling Kovit Ang Hair Make-Up Angel Gwee using colours from Guerlain Wardrobes H&M “Keeping fit and trendy is important to me. My ultimate choice is the Ice–Carbon as it is
    139 words

  • Page 9 Advertisements
    • 285 9 A D V E R T O R I A L Lian Beng has come a long way since its inception as proprietorship in 1973. From a small company with an annual revenue of less than S$0.5 million as a sub-contractor, it has grown to become a public-listed BCA Grade
      285 words

  • play it
    • 337 10  -  QUEK AND CHANG WILL FLY THE NATION’S FLAG AT THE AUDI QUATTRO WORLD FINALS IN SPAIN BY TAN JU KUANG In the world of corporate golf, the Audi quattro Cup is unique in that it takes more than just one golfer’s skill to win. The tournament, celebrating its
      photos by Audi Quattro, Hugo Boss, Philip Stein  -  337 words
    • 287 10 Dr Andrew Boswell of True Chiropractic provides some insights into golf injuries and what you can do about them. What are the most common golf injuries? The most common injuries for golfers involve the middle or lower back. The modern golf swing involves a tremendous amount of
      287 words
    • 153 10 Since its launch in 2010, the CIMB Classic has the distinction of being the only official PGA TOUR FedExCup event in Southeast Asia. This will be set to continue with title sponsors CIMB announcing an extension to its sponsorship through 2020. With total prize money
      153 words
  • tried & tested
    • 210 10 Sweden’s Henrik Stenson is on a roll. The 40-year-old won the British Open Championship in July for his first Major trophy, and then followed that up with a silver medal at the Rio Olympics. To say that the HUGO BOSS ambassador is currently enjoying his golf is an
      210 words
    • 205 10 There’s some truth to the claim that we are what we wear. And certainly what we put on our faces tell much about who we are. The bold and confident have no qualms about wearing glasses that make a statement, and the eyewear lines of
      205 words
    • 162 10 If timeliness is next to godliness, Philip Stein’s watches take it a step further to throw wellness into the mix as well. Not only are these elegant watches designed with a plethora of the season’s best colours but the brand’s timepieces and accessories also possess proprietary
      162 words

  • 733 11  -  THE LPGA TOUR GOES TO GREAT LENGTHS TO KEEP US SAFE UNDERCOVER TOUR PRO with Max Adler UNDERCOVER TOUR PRO JEEPERS CREEPERS THE LPGA TOUR GOES TO GREAT LENGTHS TO KEEP US SAFE h, it can get strange out here. We’re female athletes performing for an audience that’s
    Illustration by Carolyn Ridsdale  -  733 words

  • Page 12 Advertisements
    • 70 12 ROLEX THE DAY-DATE 40 Hie international symbol of performance and success, reinterpreted with a modernised design and a new-generation mechanical movement. It doesn’t just tell time. It tells history. I 28 OYSTER PERPETUAL DAY-DATE 40 IN 18 CT WHITE GOLD Cortinawatch MARINA SQUARE, #02-38. TEL: 6250 7712 CHINATOWN POINT, #01-08/09.
      70 words

  • Page 1 Advertisements
    • 369 1 L "v W Ml J < h Jr df f 'r f t <£r t !Tl f=i <= ITJ t I mta/atlan^/ To the winners of the Asia Pacific Entrepreneurship Awards 2016, we applaud your excellence in responsible entrepreneurship emulating strong commitment, advocacy, integrity and leadership in Singapore. Not only
      369 words

  • SPECIAL FEATURE
    • 626 2 Speech by Dr Fong Chan Onn, chairman, Enterprise Asia, at the Asia Pacific Entrepreneurship Awards 2016 Singapore on Aug 11,2016, at the Singapore Marriott Tang Plaza Hotel APEA 2016 SINGAPORE Mr Seah Kian Peng, Member of Parliament; Mr William Ng, President of Enterprise Asia: Distinguished guests, ladies and
      626 words
    • 523 3 The CEO of of Del Monte Pacific, stepped out of a family business to build a food conglomerate APEA 2016 SINGAPORE COMING from a global branded food and beverage company, Joselito D Campos, Jr, knows that growing a business is much like growing an orchard. “Nothing comes
      523 words
    • 494 4 Auric Pacific Group CEO Andy Adhiwana aims to take the company to new heights APEA 2016 SINGAPORE A DARING switch from medicine to business proved to be the right “surgery” for Andy Adhiwana. Back in 2011, he was on the verge of a successful career
      494 words
    • 550 5 Founder of E. Excel International Group Jau-Fei Chen leverages positive thinking to achieve superior results APEA 2016 SINGAPORE THE seven-letter word, “failure”, is not in the dictionary of Jau-Fei Chen, founder of E. Excel International Group and pioneer of the science of E.
      550 words
    • 531 6 Shalini Kamal Sharma of Formula One Furniche believes that a successful firm must innovate every day APEA 2016 SINGAPORE QUITTING is never an option in the world of entrepreneurship, says Shalini Kamal Sharma, group managing director of Formula One Furniche Private Ltd. She believes from her personal
      531 words
    • 489 7 Regal International CEO Su Chung Jye has succeeded by staying resilient in the face of setbacks APEA 2016 SINGAPORE THERE’S a lot of fire in the belly of Su Chung Jye, executive chairman and chief executive officer of Regal International Group Limited. When asked for one
      489 words
  • Page 2 Advertisements
    • 162 2 CHAMPIONING AFREE, FAIR& ENTERPRISINGASIA DannyLoLeongHay Chief Executive Officer Watt Wah Petroleum Haulage Pte Ltd “Transportation Logistic Industry” Each year, Enterprise Asia Asia’s foremost NGO for entrepreneurship, honours a select number of proven entrepreneurs from across Asia with the Asia Pacific Entrepreneurship Award. Each of these entrepreneurs undergo a stringent selection
      162 words
    • 162 2 CHAMPIONING AFREE, FAIR& ENTERPRISINGASIA Dato’ Colin Tan Group Managing Director Hatten International Pte Ltd “Property Development Industry” Each year, Enterprise Asia Asia’s foremost NGO for entrepreneurship, honours a select number of proven entrepreneurs from across Asia with the Asia Pacific Entrepreneurship Award. Each of these entrepreneurs undergo a stringent selection
      162 words

  • Page 3 Advertisements
    • 169 3 CHAMPIONING AFREE, FAIR& ENTERPRISINGASIA Joselito D. Campos, Jr. Chief Executive Officer Managing Director Del Monte Pacific Limited “Entrepreneur of the Year Food Beverage Industry” Each year, Enterprise Asia Asia’s foremost NGO for entrepreneurship, honours a select number of proven entrepreneurs from across Asia with the Asia Pacific Entrepreneurship Award. Each
      169 words

  • Page 4 Advertisements
    • 163 4 CHAMPIONING AFREE, FAIR& ENTERPRISINGASIA Dr. Andy Adhiwana Group Chief Executive Officer Auric Pacific Group Limited “Consumer Goods Industry” Each year, Enterprise Asia Asia’s foremost NGO for entrepreneurship, honours a select number of proven entrepreneurs from across Asia with the Asia Pacific Entrepreneurship Award. Each of these entrepreneurs undergo a stringent
      163 words

  • Page 5 Advertisements
    • 160 5 CHAMPIONING AFREE, FAIR& ENTERPRISINGASIA Dr. Jau-Fei Chen Founder E. Excel International Group “Education Training Industry” Each year, Enterprise Asia Asia’s foremost NGO for entrepreneurship, honours a select number of proven entrepreneurs from across Asia with the Asia Pacific Entrepreneurship Award. Each of these entrepreneurs undergo a stringent selection process which
      160 words

  • Page 6 Advertisements
    • 165 6 CHAMPIONING AFREE, FAIR& ENTERPRISINGASIA Shalini Kamal Sharma Founder Group Managing Director Formula One Furniche Pte Ltd “Industrial Commercial Products Industry” Each year, Enterprise Asia Asia’s foremost NGO for entrepreneurship, honours a select number of proven entrepreneurs from across Asia with the Asia Pacific Entrepreneurship Award. Each of these entrepreneurs undergo
      165 words

  • Page 7 Advertisements
    • 197 7 CHAMPIONING AFREE, FAIR& ENTERPRISINGASIA DominicSuChung Jye Chief Executive Officer Founder Executive Chairman Regal International Group Ltd “Property Development Industry” Dominic Su believes in turning “impossible into likely impossible; likely impossible into maybe possible; maybe possible into possible; possible into reality”. His optimistic outlook and “never-impossible” attitude is the core philosophy
      197 words

  • Page 8 Advertisements
    • 352 8 onnn, Award winning alumni 12 COUNTRIES 1 Award Be Part of The Movement. INFO@ENTERPRISEASIA.ORG APEA 2016 CHAMPIONING A FREE, FAIR& ENTERPRISING ASIA David Kwee Chief Executive Officer Training Vision Institute Pte Ltd “Education Training Industry” Each year, Enterprise Asia Asia’s foremost NGO for entrepreneurship, honours a select number of proven
      352 words