The Business Times, 24 December 2016

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Microfilm: NL34123
Total Pages: 68
1 12 The Business Times
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      88 1 Weekend Dec 24–25 2016 The Travel Issue Where wand rlusttakes us these days 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 O M T H E B U S Long Distance Romance I
      88 words
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      72 3 Didier Gourdon J L RICHARD MILLE 53N p ss s r» s# t 3 i k a? "v"*V 8 Vi to r- i (Vi w i/J-i r-v i •>.* -A i c" Tits £V tP! §1 **>1.*-. *2.i Cv •v'v v V. .N t‘* p CALIBER RM 07-01 RICHARD MILLE
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  • Weekend Buzz
    • Article, Illustration
      Lock icon Fired Works
      80 4 / 5 Filipino ceramic artist Pablo Capati III’s ‘cave-kiln’-fired ceramic works go on show in Interplay, his first solo exhibition in Singapore. It is presented as a single installation, where each individual work forms part of a continuum that reflects the holistic and immersive nature of Capati’s practice. Capati, 41,
      80 words
    • Article, Illustration
      Lock icon Dine Now
      121 4 / 5 TONG LE PRIVATE DINING Niigata Prefecture’s fresh produce takes centrestage at the restaurant from now till Dec 30. The menu includes Nanban Ebi, or sweet shrimp, Tai-Madai, or sea bream also known as “celebration fish”, Koshihikari rice and Le Lectier pear. Tong Le’s chef Ken Ling flew to
      LOI RACHEL CHEAH, SHARON CHIANG, SUAN TAY TAN, DYLAN BY COMPILED  -  121 words
    • Article, Illustration
      Lock icon Big Fish
      87 4 / 5 Dive down to S.E.A. Aquarium at Resorts World Sentosa for a ‘white’ Christmas with the Platinum Alligator Gars torpedo-shaped, snowy-hued megafish which can grow up to three metres in length and weigh 140kg. The creatures get their pale or white scales from leucism a pigmentation disorder that makes
      87 words
    • Article, Illustration
      Lock icon my favourite album
      35 4 / 5 TIME SPACE BY CHARLIE LIM “A mature debut by a young talent, Charlie Lim’s Time Space is finally available on vinyl... and sounds even better on that format!” Sandy Tam, Interior Designer
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    • Article, Illustration
      Lock icon Next Stop, X’mas!
      83 4 / 5 A lack of snow isn’t stopping Santa from parking his sleigh on the tracks of the former Tanjong Pagar Railway Station when it turns into a Christmas market on Dec 25. Besides shopping, pack a picnic basket and chill out by the old tracks. Live jazz and
      SLA PHOTO:  -  83 words
    • Article, Illustration
      Lock icon Cheaper Cuppa
      55 4 / 5 Former investment banker Dennis Ng recently launched a mobile app offering four types of pre-paid plans so coffeelovers can get their cuppa cheaper, starting from S$3.70. To date, there are over 30 cafes on the app including Tolido’s Espresso Nook, Drips Bakery Café, Lots Gourmet, Two Tall Trees,
      55 words
    • Article, Illustration
      Lock icon Jot My Memory
      75 4 / 5 Skip social media for a while. Adventure and wellness experience company Cho Sen wants to bring back the charm of jotting down memories in a travel journal. The Chosen Travel Planner is a leather-bound book filled with pages for you to pen your thoughts, while at the
      75 words
    • Article, Illustration
      Lock icon My Weekend
      233 4 / 5 PEOPLE DO, WHY AND WHERE “We have friends over at our home on Christmas Eve to usher in Christmas Day. Our morning starts at the supermarket to pick up some groceries and any materials we may need for some DIY decor for the evening. My wife will take
      AS TOLD TO TAY SUAN CHIANG  -  233 words
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  • Weekend Buys
    • Article, Illustration
      Lock icon Travel
      78 6 “"We travel not to escape life, but for life not to escape us.” UNKNOWN Zai Moncler Grenoble High Performance Kit, price unavailable from Moncler Bossa Nova Collection case,$1320 from Rimowa Super MultiCorrective cream, $95 for 50ml from Kiehls Avec Moderation, USD $128 from Net-a-porter City Guides 2017, $49 From
      BY LIRONG. PRICES ARE ACCURATE AT TIME OF PRINTING  -  78 words
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  • Weekend Shop
    • Article, Illustration
      Lock icon Asian Stock
      559 7 Hard-to-find ingredients will soon be commonplace at a new gourmet shop in Dempsey. Jaime Ee checks out the spoils COMO Marketplace Blk 17 Dempsey Road. Tel: 6871-1760 Very soon, it won’t be easy to impress your fellow food geeks with your stash of exotic ingredients carefully lugged in
      559 words
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      45 9 ROLEX THE AIR-KING A tribute to the golden age of aviation in the 1930s, featuring a prominent minute scale for navigational time-readings. It doesn’t just tell time. It tells history. OYSTER PERPETUAL AIR-KING THE ROLEX CENTRE. ORCHARD ROAD SINGAPORE. TEL: 6830 5100 FAX: 6235 0183
      45 words
  • Weekend Interview
    • Article, Illustration
      Lock icon Nelson Yap
      902 9  -  Founder of Benjamin Barker by GEOFFREY EU FROM café culture in Melbourne to fashion-forward menswear label in Singapore, Nelson Yap has been on a fascinating journey. Where it will end is anybody’s guess but for now, getting there’s the main thing. Mr Yap, 34, founder of local brand
      ART DIRECTION CHRIS FOO. PHOTOGRAPHY KEVIN YANG  -  902 words
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  • Weekend Feature
    • Article, Illustration
      Lock icon Where to Next?
      1161 10 Experiencing a newcity orforeign country in a different way tops the agenda for those struck by wanderlust. Lauren Ho examines the emerging travel trends, and draws up a list of hot destinations for 2017. ONCE upon a time, travelling for pleasure was a rare pursuit, reserved for
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    • Article, Illustration
      Lock icon Five Top Adventure Destinations
      407 12 1 South Africa With its stretches of powdery beaches, acres of winelands, the rich natural beauty of the Garden Route and famous game reserves, South Africa is a diverse country that is worth making the effort to visit. And while travellers used to bypass Johannesburg, the
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    • Article, Illustration
      Lock icon Five Emerging Destinations
      410 13 1. Iceland A Nordic island nation, Iceland is best known for its dramatic other worldly landscape, active volcanoes, geysers, hot springs, lava fields and glaciers. Its capital, Reykjavik, is alive with thrumming restaurants, galleries and cafés and is also the perfect gateway to, of course, view the
      410 words
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  • Weekend Holiday
    • Article, Illustration
      Lock icon Travels With Tetsuya
      2008 14 / 15 Jaime Ee eats and drinks her way through Shizuoka under the guidance of the district’s most famous export home-son Tetsuya Wakuda. You could say that Tetsuya Wakuda has come full circle in life. Born in the town of Hamamatsu in Shizuoka, he left Japan in 1982 at
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    • Article, Illustration
      Lock icon Take A Hike Distant Worlds
      615 17 A trekking route in Patagonia is drawing nature-lovers with its scenic views of glacial lakes and mountain ridges. It will take over a day of flying time, but both Patagonia and Argentina reward stout-hearted travellers with utopian sights unlike any other. Cheah Ui-Hoon survives to
      615 words
    • Article, Illustration
      Lock icon Seaweed Village
      659 18 / 19 A small town on the Atlantic coast of Argentina is fast gaining cult status as a romantic edge-of-the-world getaway IT was our second straight day of driving north on Argentina's seemingly endless National Route 3 when we finally got off the two-lane highway into the gravel road that
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  • Weekend Drive
    • Article, Illustration
      Lock icon Brake for Christmas
      1162 20 What do expatriate car bosses living in Singapore do around this time of year? Samuel Ee speaks to four of them to find out where they are headed this festive season. Perth Getaway CHRISTER EKBERG EUROKARS GROUP Christer Ekberg is Swedish, but his year-end holidays are usually
      PHOTOGRAPHY BY FRANCIS LEE; PHOTOGRAPHY BY YEN MENG JIIN; PHOTO: AUDI SINGAPORE  -  1,162 words
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  • Weekend Food
    • Article, Illustration
      Lock icon A Chef’s Christmas
      1202 22 / 23 After the last dinner guest has left, how do chefs celebrate? Tay Suan Chiang and Rachel Loi find out. STEPHAN ZOISL Chef-owner, Chef’s Table by Chef Stephan Zoisl “This year, I decided that I only want to allow people to dine at the restaurant on Christmas Eve
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  • Weekend Design
    • Article, Illustration
      Lock icon Write Angles
      917 24 Ernest Hemingway’s House in Cuba is still filled with his belongings and his massive collection of books. Geoffrey Eu gets a glimpse into the literary legend’s rarefied space, now a museum. BOOKS, booze, broads and billfish not necessarily in that order were central to Ernest Hemingway’s way of
      Hemingway library  -  917 words
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  • Weekend Nostalgia
    • Article, Illustration
      Lock icon Ferry Christmas
      167 26  -  by JAIME EE Dec 1960 When Rudolph the red-nosed reindeer calls in sick, what's a Santa to do but hitch a boat ride? Here's Saint Nick landing at Clifford Pier in 1960, laden with gifts and a cloud of balloons that he would give out to children who
      BY AVANTI NIM. IMAGE YUSOF ISHAK COLLECTION, COURTESY OF NATIONAL ARCHIVES OF SINGAPORE  -  167 words
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      49 27 Stretch your weekend Get the best in travel, food, design, motoring and fashion, in-depth features, thought-provoking columns and insights of the week.. Stretch your weekend with the new Business Times Weekend now. Subscribe now at btsub.sg/promo or call 6388 3838 •bourne eat *> al the SPCiJ° *#nr WS T ho°ght
      49 words
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      195 28 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. ---.4 5F IB THE VALLEE DE JOUX. FOR MILLENNIA A HARSH, UNYIELDING ENVIRONMENT; AND SINCE 1875 THE HOME OF AUDEMARS PIGUET, IN THE VILLAGE OF LE BRASSUS. THE EARLY WATCHMAKERS WERE SHAPED HERE, IN AWE OF THE FORCE OF NATURE YET
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  • Title Section
    Lock icon Masthead
    23 1 THE BUSINESS TIMES WEEKEND businesstimes.com.sg fb.com/thebusinesstimes @BusinessTimes A SINGAPORE PRESS HOLDINGS PUBLICATION CO REGN NO *****2868E MCI (P) 038/12/2016 S$1.20 DECEMBER 24-25, 2016
    23 words
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      207 1 THE RAFFLES CONVERSATION CHUCK BRYMER, PRESIDENT CEO, DDB WORLDWIDE 12-13 CUBICLE FILES When busyness becomes a status symbol 34 OFFBEAT Have a wacky Christmas! 35 W E AL T H From Wall St lawyer to fanboy toy maker Hit by the 2008 financial crisis, Jordan Schwartz turned to his passion
      207 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon EUROPE’S SILENT NIGHT
      683 2  -  INSIDE VIEW By Kenneth Lim 1What do you think was the most remarkable thing that happened this week? There is grieving in Europe this Christmas. On Monday evening, European time, a man in Berlin drove a truck into a Christmas market, killing 12 people and injuring another
      PHOTO: REUTERS  -  683 words
    • Article
      Lock icon THE WEEK IN REVIEW
      269 2 Sembcorp Industries’ group president and CEO, Tang Kin Fei, will retire on March 31,2017 after 30 years with the group. He will be succeeded by Neil McGregor with effect from April 1,2017, the group said. Mr Tang will remain as an adviser and non-executive director on
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    • Article
      Lock icon THE WEEK AHEAD
      33 2 Public holiday in Singapore Mon, Dec 26 Singapore’s producer and international trade price indices for November Thurs, Dec 29 The Monetary Authority of Singapore’s monthly statistical bulletin Fri, Dec 30
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  • UPFRONT
    • Article, Illustration
      Lock icon Singapore manufacturing output rises 11.9% in November
      609 3  -  Biomedical manufacturing and electronics clusters put in strong performances; transport engineering continues to be weak By Chai Hung Yin chaihyn@sph.com.sg @ChaiHungYinBT Singapore BETTER-than-expected Singapore manufacturing output data has brought some cheer to the festive season, with economists sanguine that the odds of a
      Source: Singapore Economic Development Board  -  609 words
    • Article
      Lock icon Trump’s call to boost America’s nuclear capabilities raises hackles
      438 3 REUTERS Washington PRESIDENT-ELECT Donald Trump called for an expansion of the United States’ nuclear capabilities on Thursday, in a tweet that alarmed non-proliferation specialists who said that a boost to the US arsenal could fuel global tensions. In his Twitter post,
      REUTERS  -  438 words
    • Article, Illustration
      Lock icon Chinese media warns of showdown after Trump’s trade adviser pick
      635 4 Peter Navarro, economist who has urged a hard line against China, to head a new White House National Trade Council REUTERS Beijing CHINESE state media on Friday expressed alarm and warned of a “showdown with the US” after president-elect Donald
      REUTERS; PHOTO: BLOOMBERG  -  635 words
    • Article, Illustration
      Lock icon Turning around
      270 4  -  BT Data BY KELLY TAY FOR the first time in two years, Singapore’s headline inflation rate climbed out of negative territory, although it didn’t exactly turn positive either. Overall inflation was flat in November at 0 per cent in year-on-year terms, after October’s -0.1 per cent confirming the
      Sources: Department of Statistics, MAS, MTI  -  270 words
    • Article
      Lock icon Malaysia’s Felda to buy 37% stake in Indonesia palm oil firm Eagle High Plantations
      508 5 Investment will give it access to over 320,000 hectares of land in country REUTERS BLOOMBERG Kuala Lumpur MALAYSIA’S state-owned Federal Land Development Authority (Felda) has agreed to buy a 37 per cent stake in Rajawali Group’s
      REUTERS; BLOOMBERG  -  508 words
    • Article, Illustration
      Lock icon Surprises and shocks in Singapore sports 2016
      1031 6  -  This was the year local stars dominated the headlines By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE year 2016 was just seven-and-a-half months old when millions around the world bore witness to the biggest sporting accomplishment in Singapore’s history. The day: Friday, Aug 12.
      FILE PHOTOS  -  1,031 words
    • Article, Illustration
      Lock icon Suspect in Berlin Christmas market attack shot dead in Italy
      594 7 German police foil new attack planned against a shopping mall, arrest two brothers from Kosovo TERROR PLOTS BLOOMBERG Berlin THE suspect in the Berlin Christmas market attack has been shot dead near Milan, according to Italian officials, bringing an end
      BLOOMBERG  -  594 words
    • Article
      Lock icon Australia arrests 7, foils plot to conduct Christmas Day bomb attacks
      430 7 REUTERS Sydney AUSTRALIAN police said on Friday that they have foiled a plot to attack prominent sites in Melbourne with a series of bombs on Christmas Day that authorities described as “an imminent terrorist event” inspired by Islamic State.
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    • Article, Illustration
      Lock icon GlobalTix to grow Asia tourism via e-ticketing, big data
      589 8  -  Co-founders of the startup, which has raised US$2.2m in Series A funding, plan to expand it to the rest of Asia STARTUPS by Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore A HOMEGROWN startup wants to draw on big data to make sense of
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    • Article, Illustration
      Lock icon Singapore tech startup to grow ‘Airbnb’ of freelancers apps
      656 8  -  by Chai Hung Yin chaihyn@sph.com.sg @ChaiHungYinBT Singapore AFTER 12 years as a research engineer, he found the courage to make a mid-career switch into entrepreneurship. Xu Jin co-founded startup Creative Fountain, which created mobile application FINDAPRO and its sister app IMAPRO
      656 words
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      200 5 St+ news with benefits IN ASSOCIATION WITH wine our best picks <UA WINE ADVOCATE JPIf r&p m wr -2 i i r. HI n a v 5 <£; Fine wines at your doorstep Subscribe to ST's new wine club and get up to four bottles of premium wine delivered to
      200 words
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      280 7 Continue to enjoy your news this Boxing Day! Shin Min Daily News and Lianhe Wanbao are available at buzz convenience stores, all newsstands and retail outlets. 26 DEC 2016 buzz convenience stores: BUS INTERCHANGE: Harbourfront Bishan Eunos Pasir Ris Hougang Serangoon Bukit Batok Choa Chu Kang Choa Chu Kang #01-K1
      280 words
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  • BRUNCH
    • Article, Illustration
      Lock icon The gifts of CHRISTMAS
      2126 9  -  CHRISTMAS, SCHMISTMAS, YOU SAY? THE LONGSTANDING TRADITION OF GIVING (OR RATHER, BUYING...) PRESENTS FOR LOVED ONES NEAR AND FAR IS, FORTUNATELY FOR RETAILERS, VERY MUCH INTACT. BY JOYCE HOOI joyceh@sph.com.sg @JoyceHooiBT The gifts of Christmas past and present SO this is Christmas. And what have we
      ILLUSTRATION: TEOH YI CHIE AND SIMON ANG; Source: The PNC Financial Services Group  -  2,126 words
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  • THE RAFFLES CONVERSATION
    • Article, Illustration
      Lock icon THE MARKETER
      1971 12 / 13  -  CHUCK BRYMER SHARES HOW DDB WORLDWIDE INTENDS TO KEEP ITSELF AHEAD OF THE CURVE. BY KELLY TAY kellytay@sph.com.sg @KellyTayBT CHUCK Brymer is a man who has his priorities sorted whether in his professional life as president and CEO of DDB Worldwide, or in his personal life as a
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  • INVESTING & WEALTH
    • COMPANIES
      • Article
        Lock icon AusGroup flags potential default event for medium term notes
        571 14  -  Ministerial consent outstanding for mortgage of Australian property by Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore MAINBOARD-LISTED AusGroup, before trading commenced on Friday, flagged a potential event of default tied to the restructuring of S$ 110 million of medium term notes (MTN).
        571 words
      • Article, Illustration
        Lock icon More Asian defaults loom in 2017 amid Korea shipyard debt
        599 14 The top four South Korean shipbuilders have 2.3 trillion won in notes maturing next year BLOOMBERG Seoul AS if investors in Asia’s troubled corporate bond markets don’t have enough to worry about, concern is mounting about whether South Korean shipyards
        BLOOMBERG; PHOTO: BLOOMBERG  -  599 words
      • Article
        Lock icon Emas agrees to settle put option fight with Malaysian associate Perisai
        471 15  -  It will pay up for 51% SJR stake if several conditions are met within a certain time limit by Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore OILFIELD services provider Emas Offshore has settled a dispute with its Malaysian associate, Perisai Petroleum
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      • Article
        Lock icon Foreland Fabrictech seeks trading halt
        311 15  -  by Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore TROUBLED Chinese textile maker Foreland Fabrictech Holdings lodged a request for trading halt during Friday lunch hour. The request put forth by executive director and executive director chairman, Yang Meng Yang, is for trading halt to take immediate
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      • CORPORATE DIGEST
        • Article
          Lock icon Rickmers Maritime Trust
          111 15 SHIP owner Rickmers Maritime Trust has completed the sale of a vessel India Rickmers in connection with the settlement of senior loan facilities that Commerzbank’s Singapore branch extended to a unit of the trust, its manager said on Friday. It did not say how much it had
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        • Article
          Lock icon Frasers Centrepoint
          92 15 FOLLOWING news in October that Frasers Centrepoint (FCL) was looking to pump up to 13.23 billion baht (S$520 million) into listed Thai industrial property developer Ticon Industrial Connection, FCL on Friday announced that Ticon shareholders had passed the resolutions at an extraordinary general meeting for the transaction to
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      • Article
        Lock icon GIC close to buying stake in Brazil education firm: report
        128 15 REUTERS Sao Paulo GIC, Singapore’s sovereign wealth fund, is close to buying a 40 per cent stake in Brazilian education firm Cruzeiro do Sul Educacional SA for about 500 million reais (S$220 million), newspaper Valor Econômico said on Friday. GIC
        REUTERS  -  128 words
      • Article, Illustration
        Lock icon China brokerages in investors’ bad books
        548 16  -  Until the country’s stock connects start bearing fruit, investors might be wise to give its brokerages a wide berth COMMENTARY By Nisha Gopalan ~This column does not necessarily reflect the opinion of Bloomberg LP and its owners. BLOOMBERG ALMOST 12 months after they were
        BLOOMBERG; PHOTO: AFP  -  548 words
      • Article
        Lock icon A Goldman you’ve never heard of is pursuing a Hong Kong IPO
        786 16 BLOOMBERG Hong Kong GOLDMAN is planning an initial public offering in Hong Kong but it’s not the Goldman you’ve heard of. Goldman Faith Holdings Ltd, a local engineering subcontractor which adopted its current name less than a month
        BLOOMBERG  -  786 words
      • Article, Illustration
        Lock icon Deutsche Bank agrees to US$7.2b mortgage settlement with US
        666 17 The bank will pay a civil monetary penalty of US$3.1b and provide US$4.1b in consumer relief, such as loan forgiveness REUTERS New York DEUTSCHE Bank has agreed to a US$7.2 billion settlement with the US Department of Justice over its sale
        REUTERS; PHOTO: REUTERS  -  666 words
      • Article
        Lock icon SECURITIES TRADING SCOREBOARD
        186 17 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 8 4 0 1 0 3 9 4 Manufacturing 34 33 27 8 13 8 42 46 35 Commerce 10 17 12 5 1 5 15 18 17 Tpt/Stor/Comms 5 10 7
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      • Article
        Lock icon SECURITIES TRADING TURNOVER
        123 17 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 7,197 61 7,258 22,231 9 22,241 Manufacturing 51,849 47,897 99,746 54,202 1,239 55,441 Commerce 74,868 56,679 131,547 38,463 423 38,886 Tpt/Stor/Comms 38,436 150 38,586 66,043 13 66,057 Finance 9,322 359 9,681 89,468 50 89,518 Construction
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      • Article
        Lock icon STI drops 2.2% for week ahead of Xmas holidays
        540 18  -  STOCKS by R Sivanithy THE penultimate week of 2016 was not particularly memorable as the Trump-inspired rally of the previous five weeks lost momentum and as liquidity drained rapidly away. On Friday, the day before Christmas Eve, the Straits Times Index
        540 words
      • Article
        Lock icon BT SHARE INFORMATION SERVICE
        783 18 Substantial shareholder/director transactions For week beginning Dec 19 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) ARA Asset Mgt 21-Dec-16 Matthews Intl *Sell 1755 1.68 ***** 5.06 ***** 4.88 Fragrance Grp Ltd 21-Dec-16
        783 words
      • Article
        Lock icon Long rupee, short Singdollar: strategists
        351 18 BLOOMBERG Mumbai GO long on the Indian rupee while shorting the Singapore dollar. That’s emerging as one of the favourite trades for 2017 as strategists make a play on the diverging outlook for the two Asian nations. Less reliance on exports and one of the
        BLOOMBERG  -  351 words
    • Article, Illustration
      Lock icon FROM WALL ST LAWYER TO FANBOY TOY MAKER
      863 19  -  Hit by the 2008 financial crisis, Jordan Schwartz turned to his passion and set up a consumer products firm that makes mementos for fans of movies and TV series. BY GREGORY SCHMIDT series.BY GREGORY SCHMIDT NYTIMES movies and TV series.BY GREGORY SCHMIDT
      NYTIMES  -  863 words
    • Article, Illustration
      Lock icon Hedge fund maths: heads we win, tails you lose
      1275 20  -  Most fund managers share generously in good times, but are exposed to none of the losses in bad. by James Stewart NYTIMES WHEN do 1.5 and 16 add up to 72? That’s the riddle confronting investors in Pershing Square Holdings Ltd,
      NYTIMES; PHOTO: NYTIMES  -  1,275 words
    • Article, Illustration
      Lock icon Financial vetting of Trump’s rich Cabinet picks proceeding slowly
      1076 21 Preparation for confirmation hearings can take weeks or even months NYTIMES SOME of President-elect Donald Trump’s most prominent Cabinet nominees with their millions in assets and complex business arrangements are moving unusually slowly through the government’s arduous financial disclosure examinations, threatening
      NYTIMES; photo: AFP  -  1,076 words
    • Indices
    • Article, Illustration
      Lock icon Commodities
      26 22 NAME PRICE/UNIT 3-MONTH% Gold US$1,131.81/oz -15.4 Silver US$15.835/oz -20.2 Copper US$5,518/MT 13.7 Soybeans US$1,004.0/bu 1.8 Palm Oil MYR3,044/MT 15.7 Coffee US$139.15/lb -10.0 Sugar US$18.20/lb -19.8
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    • Currencies
      • Article
        Lock icon Asian currency vs USD
        97 22 CURRENCY PRICE 5-DAY 5-DAY 1-MONTH 1-MONTH YEAR-TO-DATE Singapore dollar 1.4456 -0.28 -1.36 -2.25 China RMB 6.9488 0.13 -0.73 -6.64 Offshore RMB 6.9492 -0.03 -0.22 -5.45 Indian rupee 67 .7868 -0.05 1.07 -2.40 Indonesian rupiah 13,428 -0.16 0.84 3.14 Japanese yen 117 .34 0.66 -5.40 2.59 Korean
        97 words
      • Article, Illustration
        Lock icon Singapore dollar per USD
        12 22 Compiled from Bloomberg at 5.30pm on Dec 23
        Compiled from Bloomberg at 5.30pm on Dec 23  -  12 words
    • STI
      • Article
        Lock icon Straits Times Index component stocks
        399 23 NAME PRICE WEEKLY PRICE CHANGE PRICE WEEKLY PRICE CHANGE LOW HIGH YTD TOTAL RETURNS P/E P/B DIVIDEND 12-MONTH YIELD MARKET CAP ($M) 52 WEEK PRICE RANGE Hongkong Land Holdings Ltd 6.22 5.62 Golden Agri-Resources Ltd 0.425 0.325 Hutchison Port Holdings Trust 0.44 0.4 SIA Engineering
        399 words
    • Reits and rates
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      28 15 u My rule is when you have to beg, borrow or steal, the best option is to steal.” Philip Yeo Now on sale at leading bookstores and www.stpressbooks.com.sg
      28 words
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  • Page 17 Advertisements
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      Lock icon Page 17 Advertisements Column 1
      25 17 Get your 5th ‘C’ here Choose from various club memberships or sell yours in CLASS 66 To advertise, call the Print Classified Hotline: 1800-289 9988
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    • Advertisement
      Lock icon Page 17 Advertisements Column 2
      31 17 3 If you're looking to buy or rent an HDB apartment, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988. Need a room flat?
      31 words
    • Advertisement
      Lock icon Page 17 Advertisements Column 3
      171 17 NOTICES IN THE MATTER OF THE COMPANIES ACT CHAPTER 50 AND IN THE MATTER OF BUKIT TIMAH SHIPPING PTE. LTD. (IN LIQUIDATION) (Company Registration no. *****0583E) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of the
      171 words
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  • REAL ESTATE
    • Article, Illustration
      Lock icon China’s tallest skyscraper resolves issues that delayed opening
      223 24 BLOOMBERG Shanghai THE Shanghai Tower, China’s tallest skyscraper, said it has resolved fire-safety issues that have delayed its full opening for 18 months. Fire inspections have been completed forthe 632-metre building located in Shanghai’s Lujiazui financial district except for two upper areas
      BLOOMBERG; PHOTO: BLOOMBERG  -  223 words
    • Article
      Lock icon Government trims marginally industrial land supply for first half of 2017
      837 24  -  It is releasing six sites on Confirmed List and five on Reserve List under IGLS programme by Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore IN what is seen as a mild trimming of industrial land supply in a weak market, the
      837 words
    • Article
      Lock icon New fund to help UK areas hit by 2nd-home ownership
      222 24 REUTERS London BRITAIN set up a new annual £60 million (S$106 million) fund on Friday to help build more homes in areas hit by high levels of second-home ownership, paid for by a levy introduced in April on the purchase
      REUTERS  -  222 words
    • Article, Illustration
      Lock icon Oakland’s Ghost Ship fire a disaster waiting to happen
      1074 25 Despite known hazards, fire department had not inspected warehouse in 30 years NYTIMES Oakland, California THE charred, roofless shell of the Ghost Ship, the warehouse where 36 people perished on a chilly Friday evening in early December, is clearly visible from
      NYTIMES; PHOTO: NYTIMES  -  1,074 words
    • Article
      Lock icon House hunt
      1420 26 Property transactions for selected districts with contract dates between Dec 8 and Dec 13, 2016 PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN TRANSACTED PSF TOX* RENTAL STREET NAME TYPE DATE /LAND PRICE (S$) YIELD** AREA (S$,000) (SQF) District 1 THE SAIL MARINA BAY Apt 12/12/2016 99 883 1,880 2,130
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    • Article
      Lock icon Top median rentals of projects by district in last 3 months
      327 27 PROJECT NAME/ PROPERTY LOWEST MEDIAN HIGHEST NO. OF STREET NAME TYPE PRICE (S$) PRICE (S$) PRICE (S$) TRANSACTIONS District 1 Marina Bay Residences The Sail Marina Bay Robinson Suites 4,000 3,000 2,700 5,500 4,500 3,000 11,500 8,800 3,600 12
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    • Article
      Lock icon Top 10 condo searches
      96 27 RANKING NAME TOTAL SEARCHES IN PAST MEDIAN PRICE PSF TWO WEEKS (S$) 1 THE BOUTIQ 334 1,363 2 FLAMINGO VALLEY 251 1,168 3 RIVER PLACE 249 1,156 4 WATERBANK AT DAKOTA 224 1,422 5 WOODGROVE CONDOMINIUM 212 632 6 OPTIMA TANAH MERAH 199 1,114 7 CARIBBEAN
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    • Article
      Lock icon Mortgage rates this week
      161 27 from what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. DATE FLOATING RATES, PEGGED TO: FIXED RATES WEEK OF DEC 19 SIBOR SOR COMBO BANK’S BOARD RATE Lowest rate
      161 words
    • Article
      Lock icon London property market shifting in favour of tech firms
      632 27 Finance companies expected to pull back after Brexit vote REUTERS London HIGH up in western Europe’s tallest skyscraper, an office layout shows how the power balance in London’s property market is shifting in favour of booming tech companies and away from
      REUTERS  -  632 words
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      47 25 HOT PROPERTY 26 COTSWOLD CL FH Bunglw Beautiful new reno,basement 4430/5300sf 6+1rm ensuite FIRE SALE F'HOLD Jln Daud 3-sty Corner terr, 3114 sf, 5bdrm, Reno, Below Value, Eunos MRT. Face N. LANDED PROPERTIES FOR SALE Check out these properties and more in The Straits Times Classified now!
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  • THE BROAD VIEW
    • Article, Illustration
      Lock icon A new Christmas Carol
      1450 28  -  (with apologies to Haruhiko Kuroda) BY ANTHONY ROWLEY IT was the night before Christmas and old Scrooge sat shivering in his counting house next to the Bank of Japan. A single candle lighted his desk and also served to warm his hands as he counted out
      ILLUSTRATION: SIMON ANG  -  1,450 words
    • Article, Illustration
      Lock icon Having the motivation to make a difference
      1093 29  -  Community work is not necessarily “life-impacting”, or “earth-shattering” SATURDAY SOAPBOX by Paul Heng “MAKING a difference”, “touching others”, or “giving back” call it whatever you want, the basic motivation at work is our desire to make a difference to other lives, and build
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      Lock icon Super Mario Run’s not-so-super gender politics
      991 30  -  Game rife with stale, retrograde gender stereotypes elements expected in 1985 but that today are just embarrassing. By Chris Suellentrop By Chris Suellentrop NYTIMES LAST week, after a wait of almost a decade, the world’s most popular video game series, Super Mario Bros, finally
      NYTIMES; PHOTO: BLOOMBERG  -  991 words
    • Article, Illustration
      Lock icon Who tossed on the first tinsel? Two Baltic capitals disagree
      929 31 Riga and Tallinn, capitals of Latvia and Estonia, have waged a feud over which was the site of the world’s first decorated Christmas trees NYTIMES Riga, Latvia IN the Baltics, there may be no war on Christmas but there’s a
      NYTIMES; PHOTO: NYTIMES  -  929 words
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  • Page 31 Miscellaneous
    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 1
      29 31 THE BUSINESS TIMES News Centre, 1000 Toa Payoh North Podium Level 3, Singapore *****4 SPH: 6319-6319 BT: 6319-5360 FAX: 6319-8278 Customer service: 6388-3838 www.businesstimes.com.sg Press releases: btnews@sph.com.sg Letters: btletter@sph.com.sg
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    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 2
      30 31 CHIEF EXECUTIVE OFFICER SPH ALAN CHAN DEPUTY CHIEF EXECUTIVE OFFICERSPH PATRICK DANIEL editor-in-chief(english/malay/tamil media group) WA RREN FERN A NDE Z managing editor (english/malay/tamil media group) A LV IN TAY
      30 words
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      13 31 DEPUTY CHIEF EXECUTIVE OFFICER SPH ANTHONY TAN GROUP CHIEF MARKETING OFFICER ELSIE CHUA
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      12 31 EDITOR WONG WEI KONG ASSOCIATE EDITOR VIKRAM KHANNA NIGHT EDITOR EDMUND LOH
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    • Miscellaneous
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      29 31 BT INC EDITOR LILIAN ANG CHIEF SUB-EDITOR DEXTER LEE FOREIGN CONTENT EDITOR QUAH CHOON POH DIGITAL EDITOR CHRISTOPHER LIM DEPUTY DIGITAL EDITOR LEE KIM SIANG GRAPHICS EDITOR SIMON ANG
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    • Miscellaneous
      Lock icon Page 31 Miscellaneous Column 6
      27 31 NEWS EDITOR VEN SREENIVASAN DEPUTY NEWS EDITOR CHEN HUIFEN ASSOCIATE NEWS EDITOR ANGELA TAN ASSISTANT NEWS EDITOR JOYCE HOOI LIFESTYLE EDITOR JAIME EE VIDEO EDITOR JONATHAN NG
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  • GOLF
    • Article, Illustration
      Lock icon Highs and lows of golfing in 2016
      1130 32  -  BT takes a look back as well as a peek forward to some key golfing events in 2017. By Justine Moss by Justine Moss Death of the King One of the greatest golfers of all time died in September at the age of
      1,130 words
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  • LIFE & CULTURE
    • Article, Illustration
      Lock icon Five non-disruptive gifts for Christmas
      1130 33  -  Disruption? So 2016. Here’s a list of handy yet ingenious Christmas gifts you still have time to get. DISRUPTED By Jacquelyn Cheok IT’S almost the most wonderful time of the year. If you’re still hunting down that last-minute Christmas gift or something to take to
      1,130 words
    • Article, Illustration
      Lock icon How ‘busyness’ became a bona fide status symbol
      909 34  -  It’s self-deprecating, yet showy, but as with all status symbols, once it goes mainstream, it is compromised CUBICLE FILES by Jena McGregor WP It’s the most hyper-busy time of the year. Holiday shopping, hosting and travel preparations. Year-end financial moves. A mountain
      WP; PHOTO: REUTERS  -  909 words
    • Article, Illustration
      Lock icon We wish you a wacky Christmas
      674 35  -  OFFBEAT by Kelly Tay kellytay@sph.com.sg @KellyTayBT THINK Christmas starts and ends with jolly old St Nicholas? Lean your ear this way, friends, for this festive season, BT’s Offbeat column lives up to its name by sharing some of the weirdest Christmas characters ever known
      ILLUSTRATIONS: YU KEXIN  -  674 words
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  • Page 35 Miscellaneous
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      Lock icon Page 35 Miscellaneous Column 1
      312 35 CRYPTIC CROSSWORD Across 1 Fifty in female group in NY community (6) 5 Separated group needing a role (3,5) 9 Resolution to get legal decision (13) 10 Thoroughly idle, ain’t moving (2,6) 11 Bring out priest to meet leading trio of citizens (6) 12 Home Counties woman and a lady
      312 words
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      43 36 I DON’T DRIVE TO DRINK, GET A RIDE HOME. DON’T DRIVE TO DRINK, AND YOU WILL NEVER DRINK AND DRIVE. This community service message is brought to you by SGCARMART IS PROUD TO BE THE OFFICIAL PARTNER OF THIS YEAR’S ANTI-DRINK DRIVE CAMPAIGN.
      43 words
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      71 1 24-25 DECEMBER 2016 THE BUSINESS TIMES WEEKEND Seaside MAJESTY BARNBOUGLE’S DOUBLE DELIGHTS ARE A TREAT FOR THE SENSES ROSS TAN SGA BOSS READY TO REVITALISE S’PORE GOLF S MURALI GOODBYE JCC, WE WILL MISS YOU SO OYSTER PERPETUAL SKY-DWELLER ROLEX <€>■ Cortina watch MARINA SQUARE, #02-38. TEL: 6250 7712 CHINATOWN
      71 words
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  • Swing by sph golf
    • editor’s letter
      • Article, Illustration
        Lock icon GOODBYE JURONG, A COURSE PAR EXCELLENCE
        416 2  -  BY S. MURALI It is one of my favourite golf holes in Singapore, on one of my favourite courses. As I stood on the tee box of the Hole No 18 at Jurong Country Club last weekend, I decided there was only one way
        Photo courtesy of Jurong Country Club  -  416 words
    • Article, Illustration
      Lock icon GET CONNECTED
      272 3  -  No IT’S THE PATH TO GOOD TIMING WHAT THE PROS KNOW PLAY YOUR BEST BY HANK HAN EY No matter how long or short your swing, one fundamental you need to apply is keeping your arms “connected” to your body as WHAT THE PROS K OW BY HA
      Cuban D. J. by photo  -  272 words
    • Article, Illustration
      Lock icon HITTING THE SWEET SPOT
      477 4 Imagine an access card that offers you golf insurance, complimentary rounds at Horizon Hills Golf Club, Ria Bintan Golf Club, Laguna Golf Bintan, Laguna Golf Phuket, Laguna Golf Lang Co and either at Barnbougle Dunes or Barnbougle Lost Farm and Woodlands Golf Club, and then preferred
      photo by Gavin Foo tnp  -  477 words
    • Article, Illustration
      Lock icon SAX AND TAN’S GOLFING FAMILY
      1274 6 / 7  -  WITH JURONG’S CLOSURE, SGA BOSS TO CHANNEL ENERGIES TO RAISING STANDARD, STATUS OF LOCAL GOLF BY GODFREY ROBERT SAX AND TAN’S GOLFING FAMILY WITH JURONG’S CLOSURE, SGA BOSS TO CHANNEL ENERGIES TO RAISING STANDARD, STATUS OF LOCAL GOLF BY GODFREY ROBERT t the stroke of
      T an Ross of courtesy photo  -  1,274 words
    • play it
      • Article, Illustration
        Lock icon HORIZON HILLS’ STELLA YEAR
        144 8  -  BY BENNY TEO Horizon Hills Golf Club has hosted the Asian Tour’s Johor Open shortly after its inception in 2008, drawing praise from top professionals Padraig Harrington and KJ Choi during the time. Since then, the Ross Watson-designed golf course has been consistently visited by avid
        144 words
      • Article, Illustration
        Lock icon KL, HERE WE COME
        378 8  -  Godfrey Robert Kuala Lumpur may not be a fascinating destination for Singapore golfers as Durban in South Africa or Antalya in Turkey. But for four Singapore golfers who did the nation proud by emerging the world champions in the team event in Durban in October the
        file ST photo:  -  378 words
    • tried & tested
      • Article, Illustration
        Lock icon PLUG, DOWNLOAD, PLAY
        100 8 Innovation taken literally to the hilt, the Arccos 360 features 13 conventional and one tear-shaped sensor that fits into the butt of every golf club in the bag. Just plug it in, download the Arccos application from the iPhone or Android, and get ready to play. Live
        100 words
      • Article, Illustration
        Lock icon CHECK OUT THESE NEW CLUBS
        111 8 The new M1, which continues on its motto of complete adjustability, has as much as 11 grams of weight savings from a new six-layer carbon composite panel and an ultra-light titanium alloy. Called 9-1-1, the titanium alloy creates a new T-Track system that houses 27
        111 words
    • Article, Illustration
      Lock icon 4 WAYS TO REBOOT YOUR PUTTING
      755 9  -  WAS YOUR PERFORMANCE N 2016 SLIGHTLY LESS THAN SATISFYING? Ionu BY CAMERON MCCORMICK know it’s not enough to hear it happens to everyone from time to time. You want to shake off the year of stubs, lip-outs and three-jacks before the golf season rolls
      Furore Dom Cuban, J.D. by photos os by J.D. Cuban, Dom Furre  -  755 words
    • Article, Illustration
      Lock icon SEASIDE MAJESTY
      1824 10 / 11  -  BY TAN JU KUANG T BY TAN SEASIDE MAJESTY asmania that far-off state surrounded by water in Australia isn’t known for many things. Granted it has somewhat arresting geographical features, and a calm, serene ambience and disposition not unlike that found in the countryside in the British Isles.
      1,824 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Lock icon Page 2 Miscellaneous Column 1
      94 2 SWING TEAM EDITOR-IN-CHIEF Patrick Daniel EDITOR S. Murali muralis@sph.com.sg CREATIVE EDITOR Jacqueline Wu wuyej@sph.com.sg SUB-EDITORS Ida Karsia Joanne Low CONTRIBUTING EDITORS Godfrey Robert Spencer Robinson Tan Ju Kuang Ven Sreenivasan Rohit Brijnath Rahul Pathak Clive Agran Benny Teo MARKETING AND PARTNERSHIP ENQUIRIES Timothy Lim Business Director 9623 0118, limsht@sph.com.sg Vivien
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      60 3 NG OUT NOW TILL 31 DECEMBER 2016 UP TO CLUBS, DRIVERS, ACCESSORIES, APPAREL, FOOTWEAR 50% OFF MEMBERS GET MORE! OPTO ADDITIONAL 20% OFF ODYSSEY #1 PUTTER IN GOLF." Hj[ v a w V <Q)Tnaruman Srixon SWORD VDLTiO t Since 1999 Jurong Country Club Tanah Merab Country Club Clubhouse Driving Range
      60 words
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      156 5 Card Grab the only Golf card that matters for your buddies and loved ones this christmas! of SPECiaL RaTE $150 ENDS 31stDEC 2016 Enjoy!! Handicap Maintenance and Insurance! lets you play golf anywhere with peace of mind. Access to Singapore golf clubs! with best-of rates offered at partner golf courses
      156 words
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      425 6 / 7 ADVERTORIAL GOLF FITNESS MYTHS DEBUNKED Every golfer will understand the hard work and determination it takes to tee off well in each game. It takes more than just passion, but also discipline in every practice to achieve outstanding precision and accuracy. In order to do so, one has to improve
      425 words
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      69 10 / 11 WANT ACCESS TO THESE BARNBOUGLE COURSES? GET THE SPH GOLF CARD AT A SPECIAL RATE OF $150 PER YEAR AND YOU CAN DO JUST THAT! SIGN UP NOW AT www.sphgolf.com You will also enjoy... Handicap maintenance and insurance Access to Singapore golf clubs Complimentary rounds of golf at partner golf
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      60 12 f ROLEX THE MILGAUSS A pioneering anti-magnetic watch developed for scientists and engineers, blending ingenious design and irresistible style. It doesn’t just tell time. It tells history. OYSTER PERPETUAL MILGAUSS <€>> Cortinawatch MARINA SQUARE, #02-38. TEL: 6250 7712 CHINATOWN POINT, #01-08/09. TEL: 6702 0061 PARAGON, #01-13. TEL: 6235 0084 RAFFLES
      60 words