The Business Times, 8 October 2016

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Microfilm: NL34118
Total Pages: 65
1 36 The Business Times
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      71 1 Weekend Are We Cool Yet? How does Singapore stack up against New York, Paris, London and other great cities of the world? October 8–9 2016 S$1.20 I N ES S T I M ES N OT TO B E S O LD S E PA R AT E LY FR
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      41 2 / 3 V mi 1 r i 1 TII f i. r 5r- v... wt ,r. WA, I w-. 1> v vt^.-v-frN j j ‘V’ I vi 1 1 EH A /i V f k srs R Si j.w,: ••,•< ->• r, LOUIS VUITTON louisvuitton.com
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  • Article, Illustration
    Lock icon From The Editor
    140 4  -  Jaime Ee Editor Weekend 40 is the new black. And Weekend is the new cool. We’re marking the 40thanniversary of The Business Times with a sassy new lifestyle magazine that unabashedly celebrates luxury and life experience. Say hello to Weekend, the perfect antidote to the stress and
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      30 6 Buzz 8 Buys: Boutique 10 The Rolex Interview Creative Director: Tuan Ching 12 Style 14 Feature State Of Cool 20 Food Yellow Fever 26 Holiday Maldives Deluxe 28 Nostalgia 30
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      23 6 Art direction Cheah Wei Chun. Photography Micky Wong. Makeup TG Goh using YSL Colours. Hair Eugene Ong, Urbanhair. Model Jasmine Sim, Now Models.
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      49 7 Didier Gourdon RICHARD MILLE A RACING MACHINE ON THE WRIST So I v m v». 01 SSL I 2 w jR, CALIBER RM 63-01 DIZZY HANDS RICHARD MILLE BOUTIQUES SINGAPORE Grand Hyatt Hotel 65 6733 1313 Marina Bay Sands Hotel 65 6336 1313 Hotel Michael 65 6659 1313 www.richardmille.com
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  • THE BUSINESS TIMES Weekend
    • Weekend Buzz
      • Article, Illustration
        Lock icon Fish Tales
        84 8 Warning. Do not watch Tsukiji Wonderland, Naotaro Endo’s delicious documentary about the iconic Japanese fish market in Tokyo, on an empty stomach. Culinary bigwigs like Sukiyabashi Jiro’s Jiro Ono, Ginza Kojyu’s Toru Okuda and even Noma’s René Redzepi wax lyrical about the sashimi mecca. The food porn is
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      • Article, Illustration
        Lock icon Dine Now
        64 8  -  BY COMPILED DYLAN TAN, TAY SUAN CHIANG, AVANTI NIM l–r:USQUBA GRILL WHISKY BAR The Scottish restaurant adds whisky masterclasses to its menu on Oct 14. T.*****378. SUPER LOCO CUSTOMS This new Mexican joint features exotica like Tlayuda Cecina fl atbread topped with wagyu. T.6532 2090. THE TIPPLING CLUB
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      • Article, Illustration
        Lock icon Buffed In Bali
        88 8 Ditch the standard idea of a Balinese getaway for some serious R&R. Over in Canggu on the island’s south coast, get pumped up instead by Olympian swimmer Michael Klim, who’ll show you more than just his six-pack. He heads a week-long programme for fitness geeks, hosted by
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      • Article, Illustration
        Lock icon my favourite album
        44 8 COLORING BOOK (2016) “Three years ago, I watched (Gospel Hip Hop artist) Chance The Rapper and felt an immediate, special connection. Last month, he sold out a stadium in Chicago, performing with guests like Kanye West.” Kevin Lester aka TheLionCityBoy, rapper/producer
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    • Weekend Buys
      • Article, Illustration
        Lock icon Boutique
        117 10  -  BY MAY “I like to mix high street with high fashion for a modern twist on corporate dressing.” KELLY CHOW Associate Director For Private Banking “Subtle and refined scents can soothe your senses, like our 27˚F BIEI fragrance with Japanese lavender and o-cha.” JASON LEE Founder Creator Of SIX
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    • Creative Director
      • Article, Illustration
        Lock icon Tuan Ching
        996 13  -  by GEOFFREY EU IF you have something to sell and a story to tell, then impossible is nothing not when you have Tuan Ching, the Singapore-born, New York-based branding whiz who’s coached more than his fair share of A-list clients on the finer points of image-building that make
        TAN CHUANDA PHOTOGRAPHY  -  996 words
    • Weekend Style
      • Article, Illustration
        Lock icon Grey Matters
        179 15 Smoky shades with hints of silver or gold. Work hard and always stay chic. Opposite, Jasmine: Longchamp wool-blend dress. Max Mara wool pants. Bottega Veneta leather shoes. Theck Ann: Emporio Armani shirt and wool tie. BOSS pants and belt. Saint Laurent leather shoes. BOSS blazer, shirt and pants.
        STYLING CHEAH WEI CHUN. PHOTOGRAPHY MICKY WONG. MAKEUP TG GOH USING YSL COLOURS. HAIR EUGENE ONG, URBANHAIR. STYLING ASSISTANT GRACIA PHANG. MODELS JASMINE SIM, THECK ANN, NOW MODELS  -  179 words
    • A SCOTTS SQUARE SPECIAL
      • Article, Illustration
        Lock icon THESE FINER THINGS
        76 18 EXQUISITE ACCESSORIES THAT ELEVATE YOUR STYLE. ONLY AT SCOTTS SQUARE. BRILLANT LEATHER HANDBAG FROM DELVAUX LACE MAXI DRESS FROM TRIXILINI PATENT LEATHER PUMP FROM CHRISTIAN LOUBOUTIN ATPEDDER ON SCOTTS STYLING VERNON SIM. PHOTOGRAPHY CHING@PLAST|CGREENSOLDlER. MAKEUP HAIR GREGO. PHOTO ASSISTANT TONGLI. STYLING ASSISTANT CHRVSTINE LIM EMBROIDERED CASE CLUTCH
        STYLING VERNON SIM. PHOTOGRAPHY CHING@PLAST|CGREENSOLDlER. MAKEUP & HAIR GREGO. PHOTO ASSISTANT TONGLI. STYLING ASSISTANT CHRVSTINE LIM  -  76 words
    • Weekend Feature
      • Article, Illustration
        Lock icon State Of Cool
        2072 20 Have we finally found our spot of gold at the end of the hipster rainbow, wonders Helmi Yusof. GOOD morning, Singapore! We don’t know about you, but we sense something in the air and it’s not Zika or PM2.5 particulates. Think about it. Hokkien is now spoken
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    • Weekend Food
      • Article, Illustration
        Lock icon Yellow Fever
        1043 27  -  Until the next food fad comes, Singaporeans currently have little immunity against the addiction to salted egg yolks, as Jaime Ee diagnoses. Reporting by Rachel Loi, David Yip MOVE over, methamphetamine. There’s a new lifestyle drug in town and it goes by the code name of ‘golden sand’,
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    • Weekend Holiday
      • Article, Illustration
        Lock icon Maldives Deluxe
        363 28 Nobody does luxury better in the Indian Ocean than Cheval Blanc Randheli, declares Michael Chiang. EVEN if you’re a seasoned Maldivian atollhopper, nothing quite prepares you for Cheval Blanc Randheli a piece of designer heaven set in the turquoise waters of the Indian Ocean. No Louis Vuitton rolling
        PHOTOGRAPHY CHEVAL BLANC RANDHELI & MICHAEL CHIANG  -  363 words
    • Weekend Nostalgia
      • Article, Illustration
        Lock icon Sole Sisters
        162 30  -  BY AVANTI NIM Jan 1959 Long before we had grid girls at Formula One, Singapore had these girls. Seen here getting fitted for free shoes, these are just two of the 20 ‘receptionists’ specially picked to grace the Singapore Constitution Exposition a month-long mega carnival to celebrate Singapore’s
        IMAGE SINGAPORE PRESS HOLDINGS  -  162 words
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      115 9 -YEAR Ginseng Research Sulwhasoo Holistic Beauty from Asian Wisdom .V n 1 V 5 N i i Iwh^S J Sulwna It*' renewing g r a Restore and defend skin s exquisite youthfulness with the vitality of ginseng CONCENTRATED GINSENG RENEWING CREAM EX Concentrated Ginseng Renewing Cream EX delivers unrivaled age-defying
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      73 11 Follow me iapan To trust and to be trusted. There is no secret. Only understanding, satisfaction and a desire for excellence. Deep down, its between our customers and us. r m 4 For enquiries and bookings, please call 6221 4250 or visit www.followmejapan.com.sg With effect from Mon, 17 Oct' 16,
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      317 23 Let someone else take the wheel, and soak in the stunning views of the Canadian Rockies in style on the Rocky Mountaineer, which brings train travel to new heights. Scenic Travel makes the experience more accessible with a special promotion that ends on Nov 4. All travellers who book eligible
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      27 32 THERE ARE EXCEPTIONS TO EVERY RULE. AUDEMARSPIGUET.COM AUDEMARS PIGUET BOUTIQUES: ORCHARD ROAD LIAT TOWERS THE SHOPPES AT MARINA BAY SANDS ROYAL OAK OFFSHORE CHRONOGRAPH IN STAINLESS STEEL
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  • Title Section
    Lock icon Masthead
    22 1 THE BUSINESS TIMES WEEKEND www.businesstimes.com.sg @BusinessTimes A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MCI (P) 066/08/2016 S$1.20 OCTOBER 8-9, 2016
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      186 1 THE RAFFLES CONVERSATION JAMIE DIMON, BANKING HERO 14-15 CUBICLE FILES Job happiness is overrated 34 OFFBEATThe relevance of irrelevance 35 Saturday Friday Thursday Sunday CHASING THE WEEKEND WE'VE LOST OUR WEEKENDS, BUT MAYBE THEY WERE NEVER OURS TO LOSE. BRUNCH 11-13 Tuesday Wednesday Monday ARTWORK BY LUDWIG ILIO U P
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      2 1 *****1 *****1 >
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Will Google pixelate the smartphone market?
      678 2  -  INSIDE VIEW by Joyce Hooi 1What do you think was the most remarkable thing that happened this week? As we come off a week of bond defaults and presidential election skirmishes, it would be a nice change to look at something new and shiny.
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    • Article
      Lock icon THE WEEK IN REVIEW
      226 2 Keppel Corporation said a former Brazil agent, Zwi Skornicki, might have engaged in illegal activity. The company said it will cooperate with the authorities on the matter. Mon, Oct 3 The Singapore Exchange rapped door maker KLW Holdings and two former executives for breaching Catalist rules.
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    • Article
      Lock icon THE WEEK AHEAD
      50 2 Monthly oil report from the International Energy Agency Tues, Oct 11 Minutes from the FOMC September meeting Wed, Oct 12 Singapore Press Holdings' full-year results Fri, Oct 14 Monetary Authority of Singapore’s semiannual policy statement Fri, Oct 14 Advance estimate of Singapore’s Q3 GDP Fri, Oct 14
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  • UPFRONT
    • Article, Illustration
      Lock icon Razer blazes trail in Singapore’s corporate VC scene
      797 3  -  The Singaporean-founded gaming hardware firm launches US$30m fund to invest in fellow startups by Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore RAZER, a Singaporean-founded gaming hardware company, has become the first startup here to turn corporate venture capitalist. The California-based “unicorn”, believed to be
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    • Article, Illustration
      Lock icon GovTech to change the way public services are delivered: Yaacob
      827 4  -  New stat board will partner public agencies, industry and citizens to design solutions collaboratively by Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore THE statutory board that will spearhead the government’s digital and data strategy was launched on Friday, with an ambit
      PHOTO: KEVIN LIM/ THE STRAITS TIMES  -  827 words
    • Article, Illustration
      Lock icon Bigger seats, passenger convenience high on list for SIA’s next-gen premium cabins
      880 5  -  Upgrades to the Suites and Business Class in its superjumbos comes as competition in the premium segment heats up by Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore MORE spacious seats, with an emphasis on passenger convenience, are on the cards
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    • Article
      Lock icon Temasek hires Goldman Sachs veteran to oversee Americas push
      245 5 BLOOMBERG Singapore SINGAPORE investment company Temasek Holdings Pte has hired Goldman Sachs Group Inc’s John Vaske to oversee its push into North America. Mr Vaske, most recently a co-chairman of global mergers and acquisitions at Goldman, will start as joint head
      BLOOMBERG  -  245 words
    • Article, Illustration
      Lock icon Bank of England investigates flash crash as pound slumps
      667 6  -  Events in the past 24 hours are an example of extreme “overshooting” which renders predictions meaningless By Neil Behrmann btworld@sph.com.sg London THE Bank of England announcement that it is investigating the remarkable 10 per cent flash crash of sterling, has raised
      PHOTO: REUTERS  -  667 words
    • Article
      Lock icon Unemployment in the crosshairs in Monday’s parliament sitting
      573 7  -  MPs also table questions on the weak economic outlook, online gambling controls by Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore CONCERNED about the employment situation in Singapore, 11 lawmakers have tabled questions for Manpower Minister Lim Swee Say to answer at the next parliament
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    • Article, Illustration
      Lock icon McLaren to keep it racy and exclusive
      707 8  -  CEO says the cap is 5,000 cars a year, due partly to capacity issues by Samuel Ee samuelee@sph.com.sg Singapore MCLAREN Automotive may only be all of five years old but by next year, it will produce 4,000 cars more than the roughly 3,300
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    • Article
      Lock icon ICAO scheme to curb carbon emissions all set to take off
      487 10  -  This could see airlines buying carbon credits to offset emissions, which in turn funds environmental projects By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE International Civil Aviation Organization’s (ICAO) scheme to cap carbon dioxide emissions from the aviation industry will
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    • Article, Illustration
      Lock icon Colombian president awarded Nobel Peace Prize
      385 10 BLOOMBERG COLOMBIAN President Juan Manuel Santos has been awarded the Nobel Peace Prize for his efforts to bring an end to a more than 50-year civil war, giving momentum to peace efforts after an accord was defeated in a referendum earlier this month. “The
      BLOOMBERG; PHOTO: AFP  -  385 words
    • Article
      Lock icon Job growth in Sept slows, clouds case for Fed rate hike
      443 10 LATEST US DATA REUTERS Washington US employment growth unexpectedly slowed for the third straight month in September, which could make the Federal Reserve more cautious about raising interest rates. Non-farm payrolls rose 156,000, down from a revised gain of
      REUTERS  -  443 words
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      113 3 All era not to be missed 0 > Richard Wagner's Tpe plyii>§ Datcbmap Victoria Theatre 23 33 Oct. Tickets: SISTIC $46 $146 Richard Wagner Assoc (S) Shop second-hand or sell your possessions in CLASS 162 To advertise, call the Print Classified Hotline: 1800-289 9988 *****' 2016 ASIAN ART AUCTION «2016
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      190 5 Richard Wagner’s Tl?e plyip§ Dutcljipaij Victoria Theatre 23 33 Oct. Tickets: SISTIC $46 $146 Richard Wagner Assoc (S) NOTICES NOTICE OF INTENDED DIVIDEND Name of Company Redbank Bar Grill Pte. Ltd. (In Liquidation) Co. Reg. No. *****8892W Address of Registered Office c/o The Liquidator’s Office Last day for receiving Proofs
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      298 7 All era not to be missed 0 > Richard Wagner's Tpe plyii>§ Datcbmap Victoria Theatre 23 33 Oct. Tickets: SISTIC $46 $146 Richard Wagner Assoc (S) THE BUSINESS TIMES THE BUSINESS Everyone deserves a great Weekend In celebration ofThe Business Times' 40th Anniversary, readers can enjoy discounts on Grab rides
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      25 8 All era not to be missed 0 > Richard Wagner's Tpe plyii>§ Dutchman Victoria Theatre 23 33 Oct. Tickets: SISTIC $46 $146 Richard Wagner Assoc (S)
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      2621 9 Raff les Ed ucation RAFFLES EDUCATION CORPORATION LIMITED (Incorporated in the Republic of Singapore) Company Registration No. *****0712N NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Raffles Education Corporation Limited will be held on 24 October 2016 at 2.00 p.m. at Cinnamon Room,
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  • BRUNCH
    • Article, Illustration
      Lock icon CHASING THE WEEKEND
      2665 11  -  WE'VE LOST OUR WEEKENDS, BUT MAYBE THEY WERE NEVER OURS TO LOSE. IF you are hunched over a laptop instead of reclining in a hammock this weekend, you are not alone in your toil. Our weekends, it appears, are under siege. Beset on all fronts by urgent
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon BANKING HERO
      2278 14 / 15  -  JAMIE DIMON, THE ONE TOP BANKER WHO SURVIVED CRISIS AND THRIVED. IN a biography of Jamie Dimon titled The House of Dimon, one of the stories about the Chairman, President and CEO of JPMorgan Chase is that he walks around with a folded sheet of A4 paper in
      PHOTO: ADRIAN LOO  -  2,278 words
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  • INVESTING & WEALTH
    • COMPANIES
      • Article, Illustration
        Lock icon Federal Int’l’s unit bags US$150m Lot 2 deal from Thai oil firm PTTEP
        389 16  -  Combining with Lot 1, the aggregate value of the award for Zawtika 1C to PTG is about US$305m by Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore MAINBOARD-LISTED Federal International (2000)’s Indonesian associate PT Gunanusa Utama Fabricators (PTG) has
        PHOTO: FEDERAL INTERNATIONAL  -  389 words
      • Article
        Lock icon Alibaba-linked online grocer buys SunMoon stake
        283 16  -  by Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SUNMOON Food Company, a fresh food distributor, on Friday said it will place out S$ 15 million in new shares to Shanghai Yiguo E-Commerce, a Chinese fresh food retailer with a “strategic partnership” with Alibaba. Following the placement,
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      • Article
        Lock icon Thailand seen luring foreign investors as rules ease
        454 16 BLOOMBERG Hong Kong BROKERAGES are preparing to sell structured notes in Thailand after the relaxation of issuance rules as the nation’s securities regulator tries to expand a market that targets wealthy individuals in Asia. KGI Securities (Thailand) PCL is readying back-office systems
        BLOOMBERG  -  454 words
      • Article
        Lock icon Rickmers Maritime calls EGM for note restructuring
        559 17  -  Debt-to-equity swap to be tabled at Oct 31 EGM; noteholders offered S$500,000 special coupon repayment by Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore RICKMERS Maritime said before trading hours on Friday it is pressing on to seek unitholders’ approval at an extraordinary general meeting
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      • Article, Illustration
        Lock icon ‘Buying opportunity’ likely if gold slump gets worse: Goldman
        508 17 BLOOMBERG Singapore GOLDMAN Sachs Group Inc says that a strategic buying opportunity may open up in gold should prices drop substantially below US$1,250 an ounce, with bullion offering investors a way to protect themselves against risks to global growth and limits
        BLOOMBERG; PHOTO: BLOOMBERG  -  508 words
      • Article
        Lock icon UOB Kay Hian partners JR Asia to grow wine business
        513 18  -  Brokerage to help JR tap private and public capital markets and become a public company by Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore BROKING house UOB Kay Hian sees a future in wining and dining. It inked a partnership with newly set-up
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      • Article, Illustration
        Lock icon New Silkroutes up 9% on private equity JV
        323 18  -  HOT STOCK by Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore SHARES in New Silkroutes Group, an oil and gas trader, rose 9 per cent on Friday after the firm announced a private equity joint venture with three other parties. The counter closed at S$0.835,
        Source: Bloomberg  -  323 words
      • CORPORATE DIGEST
        • Article
          Lock icon MMP Resources
          146 18 MMP Resources on Friday announced that Edward Lee Ewe Ming has filed an application with the Singapore High Court to wind up the company on the basis that the company has failed and/ or refused to pay or satisfy a sum of about S$5.22 million demanded or to
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        • Article
          Lock icon OUE
          50 18 PROPERTY developer OUE said on Friday Oakwood Asia Pacific will manage the new serviced residences at OUE Downtown, which is to open by mid-2017. OUE Downtown will be located between Raffles Place and Tanjong Pagar. It will have a retail mall and office space, in addition to serviced residences.
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        • Article
          Lock icon Oxley Holdings
          107 18 HOMEGROWN property developer Oxley Holdings said it has officially launched its new docklands development in Dublin, Ireland. Called “Dublin Landings”, the project is jointly developed by Oxley and European property firm Ballymore Group. Situated along Dublin’s North Wall Quay, the project will consist of 700,000 square feet of
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    • Article, Illustration
      Lock icon Share and asset sales among Deutsche Bank’s options
      981 19 Sources say the bank could revisit divestment of Deutsche Postbank as it faces mounting legal bills BLOOMBERG London DEUTSCHE Bank AG is holding informal talks with securities firms to explore options including raising capital should mounting legal bills require it, according to
      BLOOMBERG; PHOTO: REUTERS  -  981 words
    • Article
      Lock icon Swee Hong ‘faces financial uncertainties’
      203 19  -  By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore AUDITORS of Swee Hong, which is undergoing a debt restructuring exercise, said on Friday there are “material uncertainties” over the company’s financials for its full year ended June 30, 2016. In the independent auditor’s report, the auditor drew attention
      203 words
    • Article
      Lock icon Second liners steal the show as STI drifts
      550 20  -  STOCKS by R Sivanithy MOVEMENTS in the Straits Times Index sometimes fail to capture how the second and third-liners perform and this week provided an example of this. A rebound in oil prices to near the US$50 per barrel mark and ambiguous
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    • Article
      Lock icon BT SHARE INFORMATION SERVICE
      802 20 Substantial shareholder/director transactions For week beginning Oct 3 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Hwa Hong Corp 05-Oct-16 Ong Kay Eng Buy 430 0.30 ***** 6.00 ***** 6.06 Sinostar Pec 05-Oct-16
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    • BROKERS’ TAKE
      • Article
        Lock icon Genting Singapore > Outperform
        126 20 Genting Singapore > Outperform Credit Suisse, Oct 7 Target price: S$1.00 Oct 7 close: S$0.765 FROM our recent marketing trips to Singapore and Hong Kong, we conclude that investors remain concerned about two things: VIP gross gaming revenue (GGR) might not have bottomed; and the Zika outbreak could negatively impact
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      • Article
        Lock icon Singapore offshore & marine sector > Underweight
        117 20 Singapore offshore marine sector > Underweight UOB Kay Hian Research, Oct 7 IMPROVED sentiment in oil prices has seen a lift in offshore support vessel stock prices despite minimal change in fundamentals. Oil majors are likely to keep 2017 capex flat, leading to no earnings improvement until 2018. However, we
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      • Article
        Lock icon Innovalues > Buy
        163 20  - Innovalues > Buy Compiled by Kenneth Lim Maybank Kim Eng Research, Oct 6 Target price: S$1.15 Oct 7 close: S$0.875 THE stock has retreated since it hit a high of S$1.11 in July, but we remain positive. Improving revenue growth and margin expansion on current valuations still support our positive
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    • Article, Illustration
      Lock icon APS STICKS TO ALPHA HUNTING GUNS
      1319 21  -  Founder and CIO Wong Kok Hoi recalls how the company bounced back from the lemon years of 2005-2007, proving its critics wrong in the process. BY GENEVIEVE CUA gen@sph.com.sg @GenCuaBT BY GENEVIEVE CUA APS Asset Management is a thriving homegrown fund manager, with assets
      PHOTO: ARTHUR LEE; FILE PHOTO  -  1,319 words
    • Article
      Lock icon Thoughts on the CPFIS review
      583 22  -  By Genevieve Cua APS Asset Management founder and chief investment officer Wong Kok Hoi has strong views relating to the review of the CPF Investment Scheme. The Manpower Ministry has undertaken the review and results are expected sometime next year. The CPF Advisory Panel earlier
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    • Article
      Lock icon Mulling a shift in HQ
      334 22  -  By Genevieve Cua APS Asset Management has mulled a shift in its headquarters from Singapore to Shanghai. “We haven’t made a decision yet. Costs are very high here, and there is not much business,’’ Wong Kok Hoi says. Singapore accounts for less than 5 per
      334 words
    • Article, Illustration
      Lock icon BLACK AND YELLOW GOLD
      883 23  -  Despite the global headline woes, both oil and gold provide a bullish upside Daryl Guppy CEO Guppytraders.com ~The writer is an international financial technical analysis specialist, equity and derivatives trader and author. He has developed several leading technical indicators used by investors in many markets Two
      Source: Daryl Guppy, Photos: AFP, SPH  -  883 words
    • REAL ESTATE
      • Article, Illustration
        Lock icon Reits: an attractive alternative form of property investment for Singaporeans
        1439 26  -  About 25% of local Reit shares are in the hands of retail investors. By Sonny Tan ~The writer is CEO of the Reit Association of Singapore IN JUST 14 years, the real estate investment trust (Reit) industry in Singapore has
        FILE PHOTO  -  1,439 words
      • Article, Illustration
        Lock icon Finding the most suitable mortgage package
        979 27  -  Homeowners can make use of a home loan comparison platform. by Grace Cheng ~The writer is co-founder and editor-in-chief of GET.com BUYING property is probably the biggest financial commitment for most Singaporeans. Just as we ponder over our choice of a dream home, we
        FILE PHOTO  -  979 words
      • Article
        Lock icon Househunt
        1473 28 Property transactions for selected districts with contract dates between Sept 22 and Sept 27, 2016 PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN TRANSACTED PSF TOX* RENTAL STREET NAME TYPE DATE /LAND PRICE (S$) YIELD** AREA (S$,000) (SQF) District 1 THE SAIL MARINA BAY Apt 26/09/2016 99 883 1,518 1,720 -7.44
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      • Article
        Lock icon Top median rentals of projects by district in last 3 months
        308 29 PROJECT NAME/ PROPERTY LOWEST MEDIAN HIGHEST NO. OF STREET NAME TYPE PRICE (S$) PRICE (S$) PRICE (S$) TRANSACTIONS District 1 The Sail Marina Bay Apartment 3,000 3,700 6,800 18 Robinson Suites Apartment 3,000 3,200 4,000 17 District 2 Altez
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      • Article
        Lock icon Top 10 condo searches
        91 29 RANKING NAME TOTAL SEARCHES IN PAST MEDIAN PRICE PSF TWO WEEKS (S$) 1 REFLECTIONS AT KEPPEL BAY 553 1,556 2 SUITES TOPAZ 530 971 3 SILVERSEA 460 1,346 4 MARINA BAY RESIDENCES 380 1,985 5 PARK WEST 302 790 6 THE INTERLACE 141 1,076 7 D'LEEDON
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      • Article
        Lock icon Mortgage rates this week
        164 29 DATE FLOATING RATES, PEGGED TO: FIXED RATES WEEK FROM WED SIBOR SOR COMBO BANK’S SEPT 28 TO OCT 5 BOARD RATE Lowest rate 1.13% 1.20% 1.36% 1.00% 1.60% this week Change from 0.00% -0.08% -0.04% 0.00% 0.00% last week Monthly payment* S$1,148.82 S$1,157.94 S$1,180.36 S$1,130.62 S$1,213.96
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      • Article, Illustration
        Lock icon Prime Sentosa Cove bungalow sold for just S$1,108 psf
        525 29  -  By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore IN the same week that a bungalow on Sentosa Cove was sold at a near-record price, another sale has been concluded in the waterfront housing district at what some may consider a bargain basement price
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      452 17 THE BUSINESS TIMES NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF NSS PROPERTIES PTE LTD COMPANY REG. NO. 2011-*****-G (IN VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members of NSS PROPERTIES PTE LTD duly held and convened at
      452 words
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  • TRADERS’ GUIDE
    • Indices
    • Article, Illustration
      Lock icon Commodities
      26 24 NAME PRICE/UNIT 3-MONTH% Gold US$1,255.52/oz -8.0 Silver US$17.3565/oz -13.4 Copper US$4,756/MT 0.1 Soybeans US$958.5/bu -10.7 Palm Oil MYR2,569/MT 9.8 Coffee US$146.65/lb 1.3 Sugar US$23.18/lb 15.9
      26 words
    • Currencies
      • Article
        Lock icon Asian currency vs USD
        93 24 CURRENCY PRICE 5-DAY 5-DAY 1-MONTH YEAR-TO-DATE Singapore dollar 1.3747 -0.73 -2.10 2.79 China RMB 6.6931 -0.32 -0.46 -3.07 Offshore RMB 6.7096 -0.53 -0.60 -2.08 Indian rupee 66.7130 -0.19 -0.50 -0.83 Indonesian rupiah 12,979 0.49 0.63 6.71 Japanese yen 103.82 -2.58 -2.14 15.95 Korean won 1,115.21 -1.17
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      • Article, Illustration
        Lock icon Singapore dollar per USD
        12 24 Compiled from Bloomberg at 5.30pm on October 7
        Compiled from Bloomberg at 5.30pm on October 7  -  12 words
    • STI
      • Article
        Lock icon Straits Times Index component stocks
        396 25 NAME PRICE WEEKLY PRICE CHANGE PRICE LOW HIGH YTD TOTAL RETURNS P/E P/B DIVIDEND 12-MONTH YIELD MARKET CAP ($M) 52 WEEK PRICE RANGE UOL Group Ltd 5.85 5.26 6.84 -3.8 15.0 0.60 2.6 4,715.1 Yangzijiang Shipbuilding Holdi 0.77 0.720 1.27 -26.6 9.1 0.66 5.8 2,950.7
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    • Reits and rates
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      41 27 GOOD CLASS BUNGALOW HOLLAND PARK *****/ ***** sqft Brand new, pte lift Elevated, wide frontage Opp Botanic Gdn Motivated Seller Exclusive Marketing Agent K H Tan *****348 Joanne Lai *****025 Newsman Realty Pte Ltd Estate Agt L*****29F. CEA Reg R*****9A, R*****3C
      41 words
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      Lock icon Page 27 Advertisements Column 2
      66 27 HOT PROPERTY MARSHALL RD. DEVELOPER'S Sale. New 3-sty semi-d 2200/ 4100 sqft Pool/ lift 6 bdrms One sold! FRANKEL AVE F'HOLD Bunglw Motivated seller. Land 6000 sf. Wide frontage. 2.5 sty. 5+1 rms. LANDED PROPERTIES FOR SALE Check out these properties and more in The Straits Times Classified now! Beef
      66 words
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  • THE BROAD VIEW
    • Article
      Lock icon A media stock that’s up 163% in a year – what’s there not to like?
      732 30 A media stock that’s up 163% in a year what’s there not to like? But analysts aren’t buying into Sanoma’s turnaround as they don’t see how it can generate growth needed to support level of its share price BLOOMBERG Helsinki EUROPE’S best-performing media stock is also among the least liked
      BLOOMBERG  -  732 words
    • Article, Illustration
      Lock icon Stressed out by US election? Tune out, breathe, and stretch
      651 30 Take up yoga, therapists advise Americans disturbed by acrimonious presidential campaign REUTERS Washington STOP reading the news and take up yoga. That’s what some therapists in the US are telling patients stressed out by a nasty presidential campaign in which
      REUTERS; PHOTO: AFP  -  651 words
    • Article, Illustration
      Lock icon French milk empire Lactalis caught in media blitz
      854 31 Protesting farmers accuse company of milking them by paying rock-bottom prices for their dairy BLOOMBERG FRENCH billionaire Emmanuel Besnier gets milk. Transparency and media exposure not so much. Lactalis, the secretive milk empire founded by his grandfather, has been caught in a
      BLOOMBERG; PHOTO: AFP  -  854 words
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  • SPORTS
    • Article, Illustration
      Lock icon ON THE COMEBACK TRAIL
      842 32  -  THE FINISH LINE Eager to move on from the doping controversy, Maria Sharapova is counting down the days to her return in April 2017. By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT THE tennis world won’t have to wait much longer just another six months, in fact for one
      PHOTO: REUTERS  -  842 words
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  • HEALTH
    • Article, Illustration
      Lock icon Laser treatments for the skin, in a nutshell
      1337 33  -  With modern laser technology, most patients can benefit from properly tailored treatments. Dr chiam Chiak Teng Resident Physician Face, Body Skin Aesthetics Medical Centre LASER treatments for dermatological problems have become increasingly popular over the past few years. The increasing availability of
      PHOTO: FILE PHOTO  -  1,337 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Job happiness is so overrated
      1022 34  -  Purpose and mastery are main drivers of human motivation CUBICLE FILES By Vivien Shiao IF you are one of those people craning their necks all week for Friday to roll around, it looks like you are not alone. Singapore ranked right at the bottom of
      ARTWORK: LUDWIG ILIO  -  1,022 words
    • Article, Illustration
      Lock icon The relevance of irrelevance
      596 35  -  OFFBEAT by Kelly Tay kellytay@sph.com.sg @KellyTayBT “WHY are you so random?” I confess. It’s a question I get asked with alarming regularity. Maybe it’s because I have a penchant for seemingly irrelevant bits of information, but not the kind you’ll ever have any use for. It
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  • Page 35 Miscellaneous
    • Miscellaneous
      Lock icon Page 35 Miscellaneous Column 1
      301 35 CRYPTIC CROSSWORD Across 1 Roughly punishes with pain ignoring one’s misery (11) 10 Decree frontiers should have no boundaries (5) 11 Count part return of asset a remuneration (9) 12 Legacy male’s pinched leading to cell (9) 13 Place providing opening for birds in storm? (5) 14 Back in a
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      336 36 To celebrate the 40th anniversary of The Business Times, we are turning your Weekend inside out... Receive a Fitbit Alta" Fitness Wristband worth $198 when you subscribe* to The Business Times i Fitbit Alta” All-Day Activity: Track steps, distance, calories burned. SmartTrack”: Automatically recognises and records exercises. Wireless Syncing: Sync
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