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What’s The Real DealExperts share their views for 2nd half 2010
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July — September 2010
about ideaS for living well todayask ocbc
18 Wonder World Pack your bags & let’s jet off to
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20 Chef’s Corner Indulge in your ‘Appetite For Life’
21 Food Notes Celebrate Mid Autumn with
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22 The Ultimate Weekend Guide
Bumper list of weekend fun & fabulous deals
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contents
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editorial
This issue, we celebrate life. Whether it’s exploring the Himalayas or doing something sweet and surprising for a loved one, it’s all about embracing
life and living it to the fullest!An essential part of being able to accomplish what
you desire in life is being financially prepared. If you are invested and wondering what’s happening in today’s volatile market, read on and gain some market insights from Vasu Menon, our resident wealth management expert who spoke to 19 fund managers for their investment outlook views for the second half of 2010.
Check out our new section ‘Dreams SpaceTM’ for the latest happenings on the Dreams SpaceTM page on Facebook. Don’t miss out on the fun, find us on Facebook and be a fan today! We promise exciting regular promotions, contests and surprise giveaways.
Don’t forget to take time out from your busy schedule. Have some well-deserved ‘me-time’ or spend a great day with your family and kids. We have loads of exclusive OCBC Cards offers and activities packed within. In ‘Arts Vibes’, we feature 2 local blockbuster musicals while Chef’s Corner offers yummy treats to feast on. Plus read up on the amazing exotic wonders of South America.
Desiring for more fun? Turn to ‘The Ultimate Weekend Guide’ and you’ll not be short of fabulous ideas to spend the weekends.
Have fun and & celebrate life!
3 What’s The Real Deal? Experts share their views for 2nd
half 2010
5 Sizing Up The HDB Market
What lies ahead for HDB flat owners?
6 The A-Zs To Celebrating Life!
26 simple pleasures that make life more enjoyable
8 The Wheel Of Life Live life with peace of mind when
you’re protected
10 Is the 60s the new 50s? Who says you can’t have fun as
you grow old
11 Dreams Space™` Share your dreams, connect with
others & get fun giveaways!
12 Boosting Your Child’s Memory!
As simple as ABC
13 And This Is How We Did It
Find out how you can start your family financial planning
14 Time Travel With Mighty Savers™
Gear up for adventures ahead
15 Find Us!
talk
17 Arts Vibes Feast on Fried Rice Paradise &
experience December Rains
16 Make A Date Activities for everyone
reward
learn
Congratulations to our 3 winners from the Ask OCBC April – June 2010 ‘Count the Happy Faces’ contest who won an iPod nano each!
1) Mark Tan Kian Heng SXXXX190I 2) Christina d/o Christy Fernandez SXXXX740G3) Ma Ai Win Phyu GXXXX234K
Correct answer: 40
BACK COVER IMAGE: GETTy IMAGES
www.askocbc.com 3
Growth momentum could weaken in the second half Although fund managers are now more optimistic about the economy compared to 6 months ago, they are concerned that the momentum could ease in the coming months as government stimulus wanes.
The uncertain prospects for the global economy in the second half coupled with other headwinds are likely to keep investors jittery.
Lion Global Investors cautions that markets are likely to remain volatile until such a time as economic data becomes clearer, especially with respect to U.S. employment trends and credit worthiness among European markets.
Allianz Global Investors observes that the leading indicators have started to roll over not only in developed but also emerging markets.
Fidelity International says it recently turned more cautious as the global inventory rebuild is in an advanced stage and leading indicators are either at peak readings or rolling over.
what’s the
real deal?We polled 19 fund managers for their investment outlook views
for the second half of this year.
fund houses polled:aberdeen asset management, allianz Global investors, aPs asset management, aviva investors, Blackrock investment management, BnP Paribas investment Partners, dBs asset management, deutsche asset management, fidelity international, first state investments, henderson Global investors, inG investment management, lion Global investors, Phillip capital management, Prudential asset management, schroder investment management, templeton asset management ltd, uBs Global asset management and uoB asset management.
Vasu menon Vice President, Wealth Management Singapore,OCBC Bank
silVer lininG seen in u.s. and emerGinG market economiesDespite concerns about Europe, some fund managers are more positive about the U.S. economy and emerging markets.
Blackrock Investment Management for example, says that the recovery in the U.S. and emerging markets is playing out much better than expected, with the strong private sector performances sustaining the recovery.
Templeton Asset Management is also optimistic that the recovery in emerging markets is sustainable in view of their strong fundamentals.
still PositiVe on equities in the medium to lonG termDespite the recent turbulent stock markets, most fund managers stay positive in their outlook for equities in the medium to long term, making it their preferred asset class at this point.
UBS Global Asset Management says that although equity markets have rallied last year, both developed and emerging market equities are still attractive from a valuation perspective.
Schroder Investment Management sees the prolonged period of low interest rates and the recovery in corporate profits over the coming months as bearing positive effects for equity markets.
Henderson Global Investors is also positive here because investors are still relatively cautious and underexposed to equities. It also sees inflation rising in the medium term, which should favour corporate earnings.
Deutsche Asset Management however, cautions that current equity returns may not be as strong as last year, and views dividends as an important part of investment returns.
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Vasu says q: are you waiting in vain? does the buy & hold strategy still makes sense?
The extreme volatility in global stock markets over the past 3 years has raised questions about the wisdom of a buy & hold investment strategy, epitomised by one of the world’s best investors, Warren Buffett.
Despite market uncertainties, we think that there is still a role for strategic or long term investments in one’s portfolio. Time increases the probability of achieving better returns, but it is not a guarantee. Even if you start investing with a long term view of 5 years, it does not mean that you have to stay invested for the full period.
This is where many investors get it wrong with the buy & hold strategy. They set off investing for the long term, with a certain return in mind, but they do not take profit once their target is achieved as they get overcome by greed and seek more gains.
In other words, buy & hold until your investment meets your targeted return. Once your target is met, be disciplined about selling and locking in your profit. If you do not, it could wither away if markets experience a downturn subsequently.
have a question about the financial markets? ask Vasu at www.askocbc.com today.
Important Information:Any opinions or views of third parties expressed in this material are those of the third parties identified, and not those of OCBC Bank. The information provided herein is intended for general circulation and/or discussion purposes only. It does not take into account the specific investment objectives, financial situation or particular needs of any particular person. Without prejudice to the generality of the foregoing, please seek advice from a financial adviser regarding the suitability of any investment product taking into account your specific investment objectives, financial situation or particular needs before you make a commitment to purchase the investment product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you. This does not constitute an offer or solicitation to buy or sell or subscribe for any security or financial instrument or to enter into a transaction or to participate in any particular trading or investment strategy. OCBC Bank, Singapore Island Bank and its respective associated and connected corporations together with their respective directors and officers may have or take positions in the securities mentioned inthis report and may also perform or seek to perform broking and other investment or securities related services for the corporations whose securities are mentioned in this report as well as other parties generally. No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by OCBC Bank and it should not be relied upon as such. OCBC Bank does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. All information presented is subject to change without notice. OCBC Bank shall not be responsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of any person acting on any information provided herein. The information provided herein may contain projections or other forward looking statement regarding future events or future performance of countries, assets, markets or companies. Actual events or results may differ materially. Past performance figures are not necessarily indicative of future or likely performance. Any reference to any specific company, financial product or asset class in whatever way is used for illustrative purposes only and does not constitute a recommendation on the same. The contents hereof are considered proprietary information and may not be reproduced or disseminated in whole or in part without OCBC Bank’s written consent.
equity markets faVoured By fund manaGers Lion Global is positive on Asia ex-Japan markets for the long term, given the sound economic foundation and wealth creation throughout the region.
Aberdeen Asset Management also favours Asia and emerging markets because it believes in the long-run structural improvement of emerging economies and the performance of their markets.
ING Investment Management prefers emerging markets as it sees its growth as being the highest and most sustainable. Also, it says that sovereign debt worries are mainly from developed markets and less of a concern in emerging markets.
Phillip Capital Management said it is becoming increasingly bullish on Japan, which is attractively valued after ‘two lost decades’. Japan is also taking advantage of strong growth in emerging markets, especially in infrastructure spending.
asian markets PreferredInterestingly, many fund managers are positive on Chinese equities, which have corrected sharply during the first half of 2010, despite market concerns about China.
BNP Paribas Investment Partners sees the Chinese market bottoming and said that it may exit its consolidation phase in the coming months.
First State Investments says that China offers investment opportunities in a number of growth companies with strong balance sheets and a good franchise.
Elsewhere, Aviva Investors favours trade-oriented markets like Singapore and Taiwan which also offers significant cyclical consumer exposure.
Prudential is positive on South Korea due to its relative valuations, competitive currency and global cyclical leverage. It is also positive on Indonesia due to the country’s structural economic improvements.
selectiVe oPPortunities seen in Bond marketsAlthough most fund managers seem to prefer equities and riskier assets at this point, some of them see selective opportunities in bond markets especially Asian credits and high-yield corporate bonds.
mixed outlook for commodities Fund managers offer a mixed outlook for commodity markets in the short term. Some are positive on base metals and precious metals like gold due to strong demand, while others are cautious about agricultural commodities and oil, due to supply factors.
the real deal Overall, while fund managers are positive on equities and see selective opportunities in other areas, they warn investors not to throw caution to the wind. Periodic investments and diversification are strategies for investors to consider, especially in the current volatile markets.
leadinG indicatorsRefer to economic data or other indicators that can help to predict future economic trends.
rollinG oVerIn context of the article, it implies that leading indicators which predict the direction of the economy appear to have peaked and are now starting to show signs of weakness.
cyclical consumer exPosureUsed in reference to Singapore and Taiwan where consumers are likely to spend more if the global economic cycle turns favourable.
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Read the full article and the rest of the fund
managers’ views on www.askocbc.com
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Q: How much has HDB home prices appreciated since mid 2009? CHOR HOON: according to hDB’s price index, average hDB resale prices have increased by 10.6% between Q3 2009 to Q1 2010, with 3-room flats seeing a steeper increase of 13% compared to 9 – 11% for bigger flats.
EUGENE: since mid 2009, hDB home prices have appreciated by about 11% in general.
Q: What is the historical trend of Cash Over Valuation (COV)?CHOR HOON: since Q2 2009, the CoV has been on the uptrend. the overall median CoV was only s$3,000 in Q2 2009 and has since risen 8-fold in the second half of 2009 to s$24,000. the increase slowed down significantly in Q1 this year with the median CoV stabilising at s$25,000.
EUGENE: CoV has stabilised around the current median of s$22,000 for 3-room resale flats, s$25,000 for 4-room; s$28,000 for 5-room; and s$30,000 for executive flats.
Q: Which areas of Singapore do HDB flats command the highest resale value?
EUGENE: hDB flats that are located nearest to town command the highest resale value like Queenstown and Bukit merah. marine Parade also commands a premium because of the sea view and offers the ‘east Coast lifestyle’.
Q: What is the market outlook on rental demand for HDB flats? CHOR HOON: Rental demand from permanent residents, foreign workers and students will continue to be strong with the economy doing well. Plus with more expatriates earning local pay packages now, their demand rises as they now have a reduced housing budget.EUGENE: it is expected to increase as the economy sees positive growth and many companies are increasing their headcount. For employees with a monthly rental budget of s$3,000 and below, a hDB flat is their only option.
Q: Are the value of HDB flats less susceptible to property market cycles? CHOR HOON: as hDB flats are bought mainly for owner-occupation, the price changes are less volatile than private properties. hDB resale prices fell by just 0.8% in Q1 2009, while private property prices plunged by 14%. and since the 2009 lows, we see prices of private residences increasing by 31% compared to a more modest 12% for hDB resale flats.
EUGENE: Purchasers of hDB flats are owner occupiers unlike private properties that may be bought for investment or speculative reasons. as such, hDB resale prices are a factor of actual demand and supply, and will not follow the private property market cycle.
Chua Chor Hoon, head of southeast asia Research, DtZ
Eugene Lim, associate Director, eRa asia Pacific
What lies in store for hDB flat owners in 2010? We ask two experts to share their views.
HDB mARkEt
Editor’s Note: We regret to inform that there was an error in the ‘Understanding your mortgage Loan’ article from ask oCBC oct – Dec 2009 issue. Based on the CPF policy, members have to set aside half of the prevailing minimum sum in their ordinary and special accounts before they can use further CPF savings up to the housing Withdrawal Limit (not available housing Withdrawal Limit) to repay the loan. With effect from 1 Jan 2008, the housing Withdrawal Limit (not available housing Withdrawal Limit) is 120% of the purchase price or valuation of the property at the point of purchase, whichever is lower.
* apply personally at any oCBC branch to enjoy preferential hDB home Loan packages for a limited period. Please come with your singPass to facilitate online retrieval of your income document(s). the original option to Purchase and a copy of the hDB Valuation Report for the purchased flat is also required. the hDB home Loan packages are subject to relevant terms and conditions governing such loan packages. offer is subject to satisfactory credit checks and approval.
Important Information any opinions or views of third parties expressed in this material are those of the third parties identified, and not those of oCBC Bank. the information provided herein is intended for general circulation and/or discussion purposes only. it does not take into account the financial situation or particular needs of any particular person. No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by oCBC Bank and it should not be relied upon as such. oCBC Bank does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. all information presented is subject to change without notice. oCBC Bank shall not be responsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of any person acting on any information provided herein. the information provided herein may contain projections or other forward looking statement regarding future events. actual events or results may differ materially. the contents hereof are considered proprietary information and may not be reproduced or disseminated in whole or in part without oCBC Bank’s written consent.
Learn DiD you know? CoV refers to the difference between the valuation and resale price of a flat. CoVs could rise or fall depending on market conditions.
SIzING Up tHE
Get Loan approvaL for your HDB fLat in 30 minutes
Visit any oCBC branch to enjoy hassle-free application with just your singPass. Now even on sundays, at our 18 sunday Banking branches.
enjoy promotional packages* when you sign up today. For details, call 1800 438 6088 or visit www.ocbc.com/mortgageblueprint
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26 simple pleasures that make life more enjoyable.to Celebrating life!tHe a–Zs
ACtive ageing Keep your body fit and mind active and you’ll age gracefully. Check out
pg 10 for tips on how you can turn the 60s into the new 50s!
BabiesA bundle of joy and a miracle of life that adds happiness and meaning to
couple-hood. Listen to your paternal instincts and start adding to the brood!
CasHIt is not the basis for happiness but it is a necessity. Make sure you save
regularly and ensure you have at least 6 months’ income for any emergencies.
Dreams spaCe™ Get on our cool Dreams Space™ on Facebook today to share your
dreams with friends and get connected with others who share the same goals. Refer to pg 11 for more!
Explore Pick up a new activity and you will be pleasantly surprised at the new
experience. Go hiking in the Himalayas or try dirt-biking.
Family Nothing is more important than kinship. Stay connected with your loved ones.
Give your mum a hug today or tell your child how much you love him/her.
Goals Set new resolutions for yourself every year and achieve them!
Having goals keeps you motivated and on the path to self improvement.
Home sweet Home Home is where the heart is. Do ensure that you have mortgage protection
to safeguard your loved ones because life’s unexpected events can throw you off the track if you’re unprepared.
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www.askocbc.com 7
“Stay connected with your loved oneS. Give your mum a huG today or tell your child how much you love him/her. ”
Invest One way to supplement your savings is to grow your investment portfolio.
Know your risk appetite and invest in the right tools.
Jog Jogging is not just an effective way to fight the flab and stay active, it is also
a great way to have some ‘me-time’.
Kiss A kiss can burn calories! Plus it is a great way to foster bonding and
intimacy with those you love.
LaugHter Laughter is one of the best medicines! A good laugh is beneficial for the soul
and brings merry cheer to those around you. Learn to laugh at yourself and don’t take things too seriously.
MusiCListening to music is a simple form of enjoyment that can be
extremely therapeutic. Dance along to the latest hip hop, chill out with lounge tunes or sing along to popular hits.
National Day Happy 45th Birthday Singapore! Display your National Flag at home
and plan a family gathering to catch the Parade. Plus join us at our Sunday Banking branches on 8 Aug for surprise treats and more. Refer to pg 16.
Optimism Take life with a light-hearted and positive approach. A lot
depends on your perspective so if you are optimistic, that’s half the battle won.
ProteCtionMake sure you are well-protected. Adequate life insurance is important.
Understand more about insurance on pg 8 & 9.
Quality not Quantity Strive for quality in whatever
you do. It is not how much that matters, it is how good it is.
Rest anD relaxTake time off to smell the roses or indulge in something you enjoy
doing. Give your mind and body that well-deserved break. For ideas on how you can spend your weekend, check out pg 22 & 23.
SeiZe tHe DayOr carpe diem. Basically, live each day to the fullest by doing what
matters most to you.
Travel Make the world your playground! Go diving in Seychelles, go on a
safari adventure in South Africa or explore the mysterious Antarctica. Find out how you can explore the 7 Wonders of The World with OCBC Cards on pg 18 & 19.
UnDerstanDSeek to understand the different views and mindsets of the people
around you. This will create greater harmony between ourselves and the world.
Volunteer workTake time out from your busy schedule to help the less fortunate.
Helping others can warm your heart and make life even more meaningful.
WealtHAccumulate your wealth, not just in the monetary sense but
expand your wealth of knowledge and experiences.
XtraorDinaryDo something very special today for a loved one. Cook a meal, write
a poem or serenade with a sweet song.
YogaThis is one great exercise you can do to achieve clarity of mind, a
better body, greater flexibility and most importantly, inner peace.
Zest for life You never know what will happen tomorrow and we only live once.
So, be happy and live life to its fullest!
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The Wheel of lifeLive life the way you want with peace of mind and adequate protection for you and your loved ones.
Do you know of someone who is ill and the family is burdened with hefty medical bills? Have you ever wondered how your loved ones are going to cope financially should anything happen to you?
Buying insurance for yourself or your family is not just about managing personal risks but also shows how much you care for them. It is also important that you review your insurance portfolio periodically to ensure that you have the relevant policies to match your protection needs at different life stages.
Young Working AdulTsYou’re young, healthy and have just started to work. You may think that you do not have enough assets or liabilities to protect, but this is actually the best time to purchase medical insurance because your premium will be lower.
shield PlAnWe all have Medisave funds when we start working but it is not an insurance scheme. Ensure that you have at least a Shield Plan that will take care of hospitalisation and surgical costs.
CriTiCAl illness PlAn The Critical Illness Plan will provide a lump sum payment to help you to make lifestyle adjustments when you are diagnosed with any 1 of the 30 covered critical illnesses.
TiP: MAxlife ProTeCTor ‘for Me’ PACkAge A participating limited premium whole life insurance plan that provides:• CoverageforDeath,TotalandPermanentDisability(TPD)• Coverage for 30 Critical Illnesses and it also comes with a uniqueCarcinoma-in-situ(pre-cancer)andEarlyStageCancerBenefit
• Ashortpremiumpaymenttermof15years
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iMPorTAnT inforMATion The insurance plans are underwritten by The Overseas Assurance Corporation Limited and/or The Great Eastern Life Assurance Company Limited, both wholly-owned subsidiaries of Great Eastern Holdings Limited and members of the OCBC Group. They are not bank deposits or obligations of, or guaranteed by OCBC Bank. MAX is a registered trademark of The Overseas Assurance Corporation Limited. You may wish to seek advice from a financial adviser before making a commitment to purchase a life policy. In the event that you choose not to seek advice from a financial adviser, you should consider whether the life policy in question is suitable for you. Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid. The material is for general information only. It is not a contract of insurance. It does not constitute an offer to buy an insurance product or service. It is also not intended to provide any insurance or financial advice. The specific terms and conditions of theplanaresetoutinthepolicydocuments.Apersoninterestedintheinsurancepoliciesshouldreadtheproductsummaryandbenefitillustration(availablefromOCBCBank)beforedecidingwhethertobuythisproduct.Norepresentationorwarrantywhatsoever(includingwithoutlimitationanyrepresentationorwarrantyastoaccuracy,usefulness,adequacy,timelinessorcompleteness)inrespectofanyinformation(includingwithoutlimitationanystatement,figures,opinion,vieworestimate)providedhereinisgivenbyOCBCBankanditshouldnotberelieduponassuch.OCBCBankdoesnotundertakeanobligationtoupdatetheinformationortocorrect any inaccuracy that may become apparent at a later time. All information presented is subject to change without notice. OCBC Bank shall not be responsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of any person acting on any information provided herein. This publication may be translated into the Chinese language. In the event of any ambiguity, discrepancy or omission between the English and Chinese versions, the English version shall apply and prevail.PH
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singles As a financially independent single, you may be concerned that an unexpected illness may disrupt your plans in life or add financial burden to your family. Consider starting a disciplined method of savingforfutureexpensesaswellastoprotectyourselfwithDeathorTPDcoveragewithanendowmentinsuranceplanthatofferssuchbenefits.
Your parents may also need your income to support them through their golden years, so it will be good to get a life insurance policy too.
TiP: MAxWeAlTh sAverA 20-year participating regular premium endowment plan that provides:• CoverageforDeathandTPD• Annualcashbackfromendofpolicyyear2–19• Annualcashbackcanbehandytosupplementfutureexpenses• Amaturitybenefitattheendofthepolicyterm
MArried WiTh kidsEnsure that your children have at least health insurance plans. Should a child contract cancer and be admitted to hospital for treatments, chemotherapy and medication, the medical bills can be hefty. A health insurance plan which may not be costly for a young child will be a good hedge.
You are also faced with your childrens’ needs till they are at least 22 years of age, which also includes taking into consideration building an overseas education funds for your child which can be well over S$200,000.
If your child requires S$500 of your monthly pay to support him till he is independent, you will need to have a life insurance cover of at least S$132,000 (i.e. S$500 x 12 months x 22 years) for yourself.
TiP: MAxfAMilY ProTeCTorA non-participating regular premium term insurance plan that provides:•Alumpsumof3timestheAnnualIncomeBenefit(AIB)immediately
intheeventofDeath,TPDorupondiagnosisofany1ofthe30coveredcriticalillnesses(optionalbenefit)
• AyearlystreamofAIBfromthenextpolicyanniversaryfollowingthe claim until the end of the policy term
• Waiveroffuturepremiumsuponaclaim• Amaturitybenefitof3timestheAIBispayableattheendofthe
policy term if no claim is made
TiP: sChool ProTeCTion PlAnA unique 2-in-1 plan comprising a participating limited premium paymentendowmentplan–SchoolProtectionPlan,andanOCBCYoung Savers Account. School Protection Plan provides: • Choiceofa12-yearor18-yeartenureandyouwillonlyneedto
pay premiums for the first 6 years • Receive yearly cashback from the end of the 6th policy year
onwards to a year before maturity
Besides the insurance protection for your child, should the unexpected happen to you, the remaining premiums will be waived and your child will still enjoy the insurance protection and the cashback benefit.
reTireesMost retirees face the uncertainty of not knowing exactly how much is enough to see them through their retirement years. To hedge your longevity risk, it is important to include an annuity product in your retirement portfolio. Most annuity products promise income as long as you live. The longer you live, the more you will benefit from it. You may also choose to buy an endowment plan that provides cash payouts to supplement future expenses.
Escalating medical costs may also deplete your Medisave savings. To avoid this, do ensure you have at least a Shield Plan to help you defray hospitalisation and surgical costs. A critical illness plan is also an indispensable part of your insurance protection portfolio.
TiP: PriMegold sAverA participating single premium plan that provides:• A good stream of regular income for retirement. For instance,with apolicytermof15years,youwillreceiveannualcashbackfromtheendof6th policy year to a year before maturity
• Amaturitybenefitattheendofthepolicyterm
Treasure the gift of life and secure the best protection for you and your loved ones.
Visit any oCBC branch or call 1800 438 6088 today.
Insurance Terms made easy
PremiumReferstotheamountthatyoupayforyourinsurancepolicy.Itmaybeona regularbasis (regularpremium), for a specificnumberofyears that is less than the policy term (limited premium) or as aone-timepayment(singlepremium),dependingonthetypeofplanpurchased.
Participating PlanAn insurance plan that ‘participates’ in the performance of the insurance fund, in the form of non-guaranteed bonuses.
Term insurance PlanAn insurance plan that provides protection for a specified period of time.
endowment PlanAn insurance plan that offers both protection and savings for a specified period of time. The benefits are payable upon occurrence ofcertainevents(eg.Death,TPDorcriticalillnessclaim)dependingon the coverage purchased. At the end of the policy term, a maturity benefit will be payable if none of the events occured during the policy term.
Maturity BenefitIt is the sum of money you will receive at the end of the policy term, if no claim or surrender was made during the policy term.
learn
www.askocbc.com 9
PICK UP A NEW hobby Go bird watching, knit, brisk walk, line dance or teach your grandkids how to cook or sew. If you have limited mobility, activities like reading and listening to music can still bring you lots of enjoyment.
hANg oUt WIth frIENds Gather with old friends or make new ones with the neighbours or at the community centre.
smIlE & hElP Life becomes more meaningful when you are able to help make someone else’s life easier and better. Babysit your grandkids, call up an old friend or help out at a charity organisation. There’s great joy in helping.
yoU ArE Not AN ‘ANtIqUE’ Stay abreast of trends and technology. Start off with something simple but useful like a basic computer course and set up your Facebook account. Your grandkid will be impressed!
CElEbrAtE lIfE! Don’t live in the past. Create new memories and share them with your family and friends. Treat each day as a gift and blessing.
rEtIrEmENt Is Not thE ENdThink of your golden years as the perfect time for you to do what you like without having to worry about money. Make this possible by planning early.
Who says you can’t have fun as you grow old. After years of working hard, it’s time for you to sit back, relax and enjoy life.
rEtIrEmENt PlANNINg tIPs #101
Aim to clear all your debts by the time you retire. •Achieve financial freedom. Build a stream of income •for yourself after you retire so that you can continue with your lifestyle even after your steady employment income has stopped.
Is thE 60s thENEW 50s?
The maximum yearly SRS contribution is S$11,475*. If you contribute this amount into the SRS each year, you’ll enjoy a tax relief of the same amount.
Plus, if you contribute the same amount for 10 years, you will have an additional nest egg of S$114,750 for your golden years.
dId yoU KNoW?learn
do somEthINg for yoUrsElf todAy!Sign up for the supplementary retirement scheme (srs) account now to start enjoying lower personal income taxes and to build an additional stream of retirement income.
frEE s$10 robinsons voucher^ for the first 50 customers!Simply apply for the SRS account via OCBC Internet Banking. Visit www.ocbc.com/personal now. Hurry, promotion ends 31 Aug 2010.
For details, call 1800 438 6088 or visit any oCbC branch. ^Terms and conditions apply.
*Applicable to Singaporeans/Singapore PRs.
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Share your dreams & discover how you can achieve them. Plus connect with others, make new friends, check out inspirational quotes, tips and more! Look out for exciting promotions, contests and surprise giveaways.
Visit www.facebook.com/DreamsSpace to be on Dreams SpaceTM today!
Qinyan Yu Borrowing the traditional English wedding custom, I would use it for... Something Old – pick up an old hobby: learning the piano! I gave it up a decade ago and have always wanted to go back to it. Something New – a new-found interest in travelling, especially to exotic places like s u b -Saharan Africa and North Korea. Something Borrowed – repay the housing loan for my parents and Something Blue – fund a local version of project BLUE (www.betruetoblue.com), an initiative dedicated to protecting our oceans, waves and beaches!
April 30 at 4:09pm · Flag
Annabelle Ng Use the money to learn everything that I’ve always wanted to learn (property agent course, threading, waxing, spa, facial, manicure) because knowledge is power. The rest of the money will go into investments, my wedding and migration funds.
April 30 at 4:11pm · Flag
Amanda Tan アマンダ First, to settle my degree course fee, give some to my parents and grandfather (who is cancer-stricken and needs the money for his treatment), go to Japan and save the rest for future use (marriage, new house, kid’s education, etc)
April 30 at 4:06pm · Flag
LuRve Struck I will travel the world and keep part of it for my 3 childrens’ education and splurge the rest. Chanel and Christian Louboutins, here I come!
April 30 at 4:56pm · Flag
www.fAcebook.com/DReAmSpAceTm
Show us how creative you are! Design your dream weekend bag with the theme ‘celebrate Life!’ and the winning design will win S$500 cash! Plus your design will be produced as limited edition eco-friendly weekend bags as Dreams SpaceTM giveaways!
Set your dreams with OCBC Dreams Board on Facebook today! Find out how you can fulfil them
with ocbc mSA 123, a monthly savings account
that gives you higher interest rates1 compared to a regular savings account. Start saving from
as little as S$100 monthly today! Visit www.ocbc.com/mSA123 for more details.
THeme:
Celebrate Life
DeSigN me
pRizeS1st prize : Win S$500 cash & the design will be produced as limited edition giveaways!2nd prize : Win S$200 cash 3rd prize : Win S$100 cash
To take part, simply visit www.facebook.com/DreamsSpace to be a Dreams SpaceTM fan and send in your design now! Have fun!
Terms and conditions apply.
Design Your Dream weekenD
Bag Contest
wiNSS$100
SHoppiNg voucHeRS
eAcH!
1 Compared to interest earned on a regular savings account where the first tier interest starts from 0.125% p.a. Singapore dollar deposits held by or for an individual or a charity in accounts listed in OCBC
Bank’s Insured Deposit Register (available at www.ocbc.com/policies) will be insured in accordance with and for up to the limits specified in the Deposit Insurance Act.
we surprise our 5 lucky fans below! Their posts were
selected in response to our question ‘what would you
do with S$250,000 in cash?” congrats to all!
Noraini Ahmad I hope to let my girl continue her Math tuition for PSLE this year. Due to some hiccups, I cannot afford her tuition fees even though I feel that it is very important for her. I would also like to have my house renovated and keep the rest of the money for my childrens’ education.
May 1 at 1:18am · Flag
Dreams SpaceTM supports Noraini’s dreams for her daughter to do well in her PSLE and her wishes for her family. We hope that our cash prize comes in useful!
wiNSS$500 cASH!
www.askocbc.com 11
Antioxidant-rich food: Give your child more antioxidant-rich foods like apples or apple juice! Oats during breakfast helps your child perform better because it is high in fibre and protein, one of the foods that boost memory performance.
Books: Nurture their interest in reading and make it fun with story-telling! Reading is about sounding out the letters and joining them into words. With constant practice, they get familiar with the letters and the word will remain in their mind.
Crossword puzzles: Perfect game to jog their memory and brain cells. Lateral thinking puzzles, memory games and even riddles are a great way to get some brain exercise. The best part is you can do them anywhere with your child!
Boosting your Child’s memory is
As simple As
date : 25 Sep 2010time : 12.30pm – 5pm Venue : Carlton Hotel Fee: S$30 per parent S$20 per child
here’s whAt you missed!
About 400 parents and children joined us at our inaugural OCBC SmartParenting Seminar in March at Marina Mandarin Singapore.
Kids had fun learning money management skills while the adults picked up tips on nurturing academic learning and creativity.
Don’t miss our next seminar and kids workshop on 25 Sep 2010.
For parents:
oCBC smArtpArenting series Brought to you By
Want to fulfil your dreams for your kids? Learn from the experts like Tony Buzan at this half-day workshop! Plus a kids workshop for the young so the whole family can learn together.
50% off for oCBC mighty
saverstm Family customers
*Confirmation of seat is upon receipt of seminar fee payment.
Hurry, seats are limited. Registration is on a first-come-first-served basis* and ends 12 Sep 2010. Visit www.ocbc.com/mightysavers to register now!
win tony Buzan’s power learning Camp package, autographed book & smartparenting seminar tickets worth s$600!
Simply share your dreams for your kids with us. Visit www.facebook.com/dreamsspace from 1 Aug for details.
Contest is from 1 Aug – 12 Sep 2010.
Terms and conditions apply.
•unlock your Child’s Brain power and Creativity! Tony Buzan, Inventor of Mind Maps® and author of bestselling books on the Brain, Learning and Creativity
•raising Financially savvy Kids. Anne Tay, Vice President, Wealth Management Singapore, OCBC Bank
•learn different! Dr Janice Wong, Consultant Paediatrician, Thomson Paediatric Centre
For Kids: •understanding money & learning the
habits of millionaires. MoneyTree Singapore•the 8 Keys of excellence & multiple
intelligences. SuperCamp
•OCBCSmartParent•MightySaversTM
• ChildrenDevelopmentAccountHolder•OCBCPlatinumCardmember
Tony Buzan
12
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www.askocbc.com 13
>> smart parenting
Ong Tien Tien, 31 and hubby Gerry Chan, 34 share with us why they started an OCBC Children Development Account for their 1-year old daughter, Charmaine.
Smart parents know the importance of financial planning. From saving to investing, income protection to life insurance, they all take on new significance once anyone becomes a parent!
Here’re 3 easy steps to start!
Step 1 Start a SavingS plan with your BaBy BonuSRegular savings is the first and most important step to healthy finances. When baby arrives, OCBC Bank will help set up your newborn’s Children Development account (CDa), the special account for the Baby Bonus Scheme. You can even ‘upgrade’ to oCBC CDa Extra for higher returns.
Step 2 grow your Family’S nESt EggTake another step to reach your family’s goals by opening an oCBC Smartparent, an account which earns you higher interest than a regular savings account.
Step 3 tEaCh thE lil onE to SavEWhen it’s junior’s time to open his or her own account, oCBC mighty Savers™ can help you start the habit of saving in your child. With interactive elements like cards and stickers, plus encouragement gifts for your child on completion of each card, saving and banking becomes a memorable and fun experience.
“We have always found OCBC’s wide offering of products suitable for
us. So we opened Charmaine’s Children Development Account with OCBC and also started a SmartParent account for regular savings.
We hope that by managing our finances better, we can focus on having a quality life together – for ourselves, our parents and our child. OCBC also helped identify the right products for us, such as an income replacement plan – MaxFamily Protector.
We also enjoy visiting the Suntec City branch on Sundays with our parents and Charmaine. We love the relaxing family-friendly atmosphere and warm staff. This is especially great for Charmaine who doesn’t like crowded, noisy places with long queues. Sunday Banking has definitely help us to enjoy banking with OCBC!”
* Terms and conditions apply. Promotion valid for branch applications only, while stocks last. The information provided herein is intended for general circulation only. It does not take into account any specific objectives, financial situation or particular needs of any particular person. OCBC Bank shall not be responsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of any person acting on any information provided herein. Singapore dollar deposits held by or for an individual or a charity in accounts listed in OCBC Bank’s Insured Deposit Register (available at www.ocbc.com/policies) will be insured in accordance with and for up to the limits specified in the Deposit Insurance Act.
FrEE Smart parEnting guiDES* For Savvy parEntS! Simply sign up for the oCBC Smartparent account today at any OCBC branch.For details, visit any oCBC branch, call 1800 438 3333 or log onto www.ocbc.com/mightysavers
anD thiS iS how wE DiD it!
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Let your child save the fun way and travel back in time with the Mighty Savers™! Learn about pre-historic times where dinosaurs reigned and the early days of Singapore history and more.
Gear up for the adventures with these exclusive gifts!
Travel Back In TIMe wITh The MIghTy SaverS™
Terms and Conditions1Open or top up your child’s savings account with minimum S$1000 at any OCBC branch and receive a sign up / top up gift (choice between Time Travel Watch or Cap). The gifts are available from 8 July – 31 Aug 2010. 2Deposit $20 with a completed Mighty Savers™ Sticker Card at any OCBC branch and get a set of Mighty Savers Encouragement Gifts. The gifts are available from 8 – 31 July 2010. Free gifts are available while stocks last. The gifts are not exchangeable for cash or other items. OCBC Bank reserves the right at its sole and absolute discretion to replace any gift with any item(s) of similar value. OCBC Bank shall not be responsible for the quality, merchantability or the fitness for any purpose or any other aspect of any gift. Notwithstanding anything herein, OCBC Bank shall not at any time be responsible or held liable for any defect or malfunction in any gift, and/or for any loss, injury, damage or harm suffered or incurred by or in connection with the use of any gift by any person. OCBC Bank reserves the right to waive/vary/amend any of these terms and conditions without prior notice. The decision of OCBC Bank on all matters relating to this offer shall be final and binding. The Terms and Conditions Governing OCBC Mighty SaversTM Programme apply. Please refer to www.ocbc.com or visit any OCBC Bank branch for a complete set of terms and conditions. Singapore dollar deposits held by or for an individual or a charity in accounts listed in OCBC Bank’s Insured Deposit Register (available at www.ocbc.com/policies) will be insured in accordance with and for up to the limits specified in the Deposit Insurance Act.
Sign-up / Top-up gifts1
Open or top up your child’s savings account with a minimum deposit of S$1,000 at any OCBC branch and choose your gift:
encouragement gifts2
Deposit your child’s S$20 savings with a completed Mighty Savers™ card and receive a Time Travel Poster and Dinosaur Stickers Set.
Sign-up / Top-up gifts will be refreshed every two months. Encouragement gifts will be refreshed monthly. Please visit any OcBc branch, call 1800 438 3333 or log onto www.ocbc.com/mightysavers for the latest gifts.
(Available from now till 31 Aug 2010) (Available from now till 31 July 2010)
Watch Cap
OR
From babies to schoolchildren, we have a wide range of gifts for every child to enjoy!
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www.askocbc.com 15
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Sunday Banking branchBanking Hours: 11am to 7pm daily
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For banking hours, branch and ATM locations, visit www.ocbc.com/personal
Alexandra VillageBlk 123 Bukit Merah Lane 1, #01-98/100, S(150123)
AljuniedBlk 119 Aljunied Ave 2, #01-40/42, S(380119)
Ang Mo KioBlk 629, Ang Mo Kio Ave 4, #01-1006/1008/1010, S(560629)
Ang Mo Kio Central 53 Ang Mo Kio Avenue 3, #B1-32/33 AMK Hub, S(569933)
Balestier Road360 Balestier Road, #01-14/15 Shaw Plaza - Twin Heights, S(329783)
Bedok Blk 204, Bedok North St 1, #01-403/405/407, S(460204)
Bedok North Blk 88, Bedok North St 4, #01-163, S(460088)
BishanBlk 501, Bishan St 11, #01-372/374, S(570501)
Bukit BatokBlk 634, Bukit Batok Central, #01-108, S(650634)
Bukit PanjangBlk 257, Bangkit Rd, #01-51/55, S(670257)
Bukit Timah170 Upper Bukit Timah Rd, #01-01 Bukit Timah Shopping Centre, S(588179)
Causeway Point 1 Woodlands Square, #01-18, Causeway Point, S(738009)
Choa Chu Kang Blk 304, Choa Chu Kang Ave 4, #01-663, S(680304)
CityLink Mall1 Raffles Link, #B1-09 CityLink Mall, S(039393)
City Square Mall 180 Kitchener Road, #02-01/02, City Square Mall, S(208539)
ClementiBlk 446, Clementi Avenue 3, #01-193/195, S(120446)
Compass Point 1 Sengkang Square, #01-40/41 Compass Point, S(545078)
East Coast 174/176 East Coast Road, S(428880)
East Point Shopping Mall3 Simei St 6, #B1-06 Eastpoint Mall, S(528833) (Counter Services are not available)
Geylang325/327 Geylang Road, S(389360)
HarbourFront 1 Maritime Square, HarbourFront Centre,#02-99/100 S(099253)
Holland Village 249 Holland Avenue, S(278980)
Hougang Blk 211, Hougang St 21, #01-295, S(530211)
Hougang Mall 90 Hougang Ave 10, #01-01/02/03/05, S(538766)
ION Orchard 2 Orchard Turn, #B2-56/57 (Linkway to Wisma Atria), S(238801)
Jalan Besar 10 Jalan Besar, #01-01 Sim Lim Tower, S(208787)
Jalan Sultan 200 Jalan Sultan, #01-05 Textile Centre, S(199018)
Joo Chiat40 Changi Road, S(419702)
Jurong Blk 65, Yung Kuang Road, #01-95/101, S(610065)
Jurong East Blk 130, Jurong East Street 13, #01-235, S(600130)
Jurong Point 1 Jurong West Central 2, #B1-31/32/33/46 Jurong Point Shopping Centre, S(648886)
Jurong West Blk 502, Jurong West Ave 1, #01-821, S(640502)
Katong Blk 83, Marine Parade Central, #01-576/578, S(440083)
Lucky Plaza 304 Orchard Road, #01-95/96/97 Lucky Plaza Shopping Centre, S(238863)
North460 North Bridge Road, #01-00, S(188734)
Northpoint 930 Yishun Ave 2, #B2-21 to 26 Northpoint Shopping Centre, S(769098)
NTU 50 Nanyang Avenue, NS3 #01-01, Academic Complex North, Nanyang Technological University, S(639798)
Orchard Road 160 Orchard Road, #B1-12/13 Orchard Point, S(238842)
OCBC Centre 65 Chulia St, #01-00 OCBC Centre, S(049513)
People’s Park 101 Upper Cross Street, #01-27 & #B1-49/50/51 People’s Park Ctr, S(058357)
Punggol Plaza Blk 168, Punggol Field, #01-11/12 Punggol Plaza, S(820168)
Robinson Road77 Robinson Road, #01-03 Robinson 77, S(068896)
Serangoon Garden 86/88 Serangoon Garden Way, S(555982)
Sixth Avenue 827 Bukit Timah Road, S(279886)
SMU 70 Stamford Road, #B1-43, Singapore Management University (Li Ka Shing Library), S(178901)
Sun Plaza 30 Sembawang Drive, #02-23/24, S(757713)
Suntec City 3 Temasek Boulevard, Suntec City Mall (near Tower 1), #01-104/106, S(038983)
Tampines Central 1 Tampines Central 5, #01-02 Tampines CPFBuilding, S(529508)
Tampines South Blk 138, Tampines St 11, #01-108/110, S(521138)
Tanjong Pagar 260 Tanjong Pagar Road, #01-01, S(088542)
Thomson 181 Upper Thomson Road, S(574331)
Toa Payoh Central 520 Lorong 6 Toa Payoh, #02-52/53, S(310520)
Ubi Business Banking Centre Blk 302 Ubi Ave 1, #01-59/63, S(400302)
Upper Serangoon 777 Upper Serangoon Road, #01-01, S(534645)
Woodlands Blk 303, Woodlands St 31, #01-159/161, S(730303)
White Sands 1 Pasir Ris Central Street 3, #01-11/A White Sands, S(518457)
Yishun Blk 103, Yishun Ring Rd, #01-67, S(760103)
Information is accurate at the time of printing.
We are at Caltex Stations!Enjoy 24-hour access to your OCBC accounts with our ATM Plus machines. Deposit or withdraw cash at your convenience anytime, islandwide.
July september
Information is accurate at time of printing.
Enjoy ExclusivE savings with ocBc crEdit cards. visit www.ocBc.com/artsshowcasE for prEvailing promotions.
mozart’s Die zauberflote [the magic flute]Step into the fantasy world of fairy tale and finest melodies, set in the mythical East by Singapore Lyric Opera. Enjoy up to 20% off with OCBC Cards from now till 27 Jul.
23 - 27 jul @ Esplanade Theatre
ocbc happy savings granD Draw Enjoy exclusive promotions and free gifts at our roadshow. Plus meet our lucky Happy Savings Draw grand prize winner of S$250,000 in an exciting gameshow!
28 & 29 aug, 11am – 7pm @ Toa Payoh HDB Hub
boeing boeingDirected by Glen Goei, with an astounding cast led by Adrian Pang, a spanking new set and ravishing lingerie, this is BOEING BOEING revamped and reloaded by W!LD RICE.Enjoy 10% off with OCBC Cards from now till 4 Sep.
4 aug – 4 sep @ Drama Centre Theatre
time travel at mighty savers™ little creators sessionsCatch the new Mighty Savers™ Time Travel Adventure cartoon and learn to draw time machines, dinosaurs and more. Every sunday @ 18 Sunday Banking branches
momotaroClassic Japanese folktale marvellously transformed into a delightful musical for all! A thrilling epic of idealism, friendship, heroism, and comic misadventures by I Theatre.Enjoy up to 15% off with OCBC Cards from now till 19 Sep.
3 – 19 sep @ The Singapore Airlines Theatre, LASALLE
smartparenting series – fulfil your Dreams for your KiDsJoin us at the parenting seminar while your child attends the kids workshop. Refer to pg 12 for details.
25 sep, 12.30 – 5 pm @ Carlton Hotel
celebrate national Day at sunDay banKing!
• SundaySurpriseTreatsforall!
8 aug, 2 – 3pm @ 18 Sunday Banking branches
• NationalDayfunatLittleCreatorsworkshops for kids. Visit www.ocbc.com/sundaybanking for details.
8 aug @ selected Sunday Banking branches
join thE nEw moon Big walk 2010! Do your bit for charity at the New Moon Big Walk (5km)! Sign up and New Moon will contribute 100 bowls of rice for every participant. New Moon is targeting to raise 500,000 bowls of rice which will go towards helping less fortunate families from the North East CDC. Look out for exciting lucky draw prizes, fun games and local celebrities Fann Wong and
Jeanette Aw at the walk. Registration fee at S$25 per person. Visit www.
newmoonbigwalk.com to register today!
1 aug, 7.45am – 11.30am @ White Sands (Pasir Ris)
miD autumn festival Delight at sunDay banKing!
Get your kids involved in a lantern-making workshop.
Visit www.ocbc.com/sundaybanking for details.
19 sep @ selected Sunday Banking branches
august
august
Proudly sponsored by
16
talkMake a date with ocbc
FREE New Moon Big Walk umbrella when you register with your OCBC
Card! Hurry, while stocks last.
www.askocbc.com 17
FRIED RICE PARADISE is hailed as the biggest local production to hit the theatre this year. We had a chat with Dick Lee, composer and writer of this true-blue Singaporean musical.
Back to the FutureI wrote this as a pop song 26 years ago as my entry
to a Rediffussion Talentime. When People’s Association approached me to write a musical to commemorate their 50th
anniversary this year, I thought of this song but with a fresh spin. Fashion & Music from 70s I love the fashion and music from the 70s as it was a very interesting time for Singapore, with many changes happening quickly. This musical deals with how Singaporeans embraced the changes while fighting for their identity and values. Introducing…I worked closely with Singapore Repertory Theatre’s Stage Two to put together both the creative team and the cast. I can’t wait to introduce Taufik Batisah and Rahimah Rahim to the musical theatre genre for the first time. Come prepared for a fun night at the theatre, to laugh your hearts out and be touched by a heart-warming Singaporean musical.
Don’t have an OCBC Arts Platinum
MasterCard? SMS <OCBCCards>
space<Artsplat>space<Name> to 76062 to apply now.
Presented by OCBC Arts Platinum MasterCard
* Terms and conditions apply
DECEMBER RAINS was the first Mandarin musical ever written in Singapore in 1996 and it was an instant hit with sold out performances. We speak to known director and songwriter, Liang Wern Fook ( ).
All About Love & Kit ChanThis year’s version of DECEMBER RAINS centres on friendship and family love. Look out for several fresh takes to the plot including a love triangle struggle! This is also Kit Chan’s first debut after a long break from the entertainment scene and marks our first collaboration in musicals.
Singapore’s Unsung HeroesThe story is set in the chaotic 1950s because I hope to use this musical to feature the various characters’ life stories and emotions, which portrays the era of a developing
Singapore. There is so much history to be shared of the many forgotten unsung heroes who have contributed to Singapore’s development.
Music to the EarsI’ve composed a few new songs with Jimmy Ye, a very talented composer just for this musical. There will be a variety of old and new songs sung by Kit Chan
and George Chan who are both talented singers. I invite everyone to share my poetic experience in this lovely musical.
Feast on FRIED RICE PARADISE and experience DECEMBER RAINS this issue.
ARtS VIBES
Visit www.ocbc.com/ArtsShowcase for more details today!
Catch this from 6 – 15 Aug at The Esplanade Theatre!
Enjoy 15% off* with OCBC
Cards!
Catch this from 20 Aug onwards at The Esplanade
Theatre!Enjoy 15% off*
with OCBC Cards!
18
enjoy
wonder world
Pack your bags, arm yourself with an adventurous spirit and jet off
with us to the 4 exotic wonders of South America.
Harbour of Rio De Janeiro, Brazil
www.askocbc.com 19
From now till 31 dec 2010, every S$70 charged to your OCBC Card gives you a chance to win the Grand Prize of an unforgettable trip to see all the top 7 Wonders voted!
Plus take part in ‘Wonder of the Month Draw’ to win trip to visit South America*!
3 easy Steps to win the wonder of the Month draw
1. SPend : Every S$70 spent gets you 1 chance to vote2. VoTe : You get to decide which 4 destinations gets voted as
the ‘Wonder of the Month’3. wIn : If your Wonder tops the chart, you might just win a trip
for 2 to see it!Here’s how you can vote:
Visit www.facebook.com/ocbcwonders & follow the steps OR
SMS <wonderS> space <Code> space <nrIC> space <First 8 digits of your credit card number> space <Spend Amount> space <Approval code> to 76062
Harbour of Rio De Janeiro, Brazil: Code SA1 Amazon Rainforest: Code SA2 Machu Picchu, Peru: Code SA3 Statues of Easter Island, Chile: Code SA4
For more details, visit www.ocbc.com/wonders now.
*Promotion period to vote for the South American Wonder of the Month ends on 31 July 2010. Terms and conditions apply.
>> TRAVEL
hArbour oF rIo de JAneIro, brAzIlHarbour of Rio De Janeiro, River of January, is one of the 7 wonders of the natural world.
DiD you know?Rio De Janeiro was founded on 1 January 1502 by Portuguese navigators who thought that the entrance of Guanabara Bay was the mouth of the river. Hence, they named it River of January.
MAChu PICChu, PeruNestled on a small hilltop between the Andean Mountain Range, this majestic city in Peru which towers at 7,000 feet above sea level, soars above the Urabamba Valley below. With a moniker like ‘Lost Cities’, this Incan built structure looks right out of a movie scene.
DiD you know?The Inca Trail in Peru is one of the world’s most famous hiking trails that starts from the Sacred Valley of the Urabamba River and ends at the breathtaking ruins of Machu Picchu. The 45km trail takes three to five days to complete.
The AMAzon rAInForeSTAlso known as Amazonia, the Amazon Rainforest is a tropical rainforest located in the northern part of South America. A guide or river tour is the best way to explore this rainforest that is home to 120-foot trees, thousands of different species of plants and animals, and home to the indigenous tribes.
DiD you know?The Amazon Rainforest is the biggest forest in the world and 60% of it is located in Brazil, covering almost half of the country.
STATueS oF eASTer ISlAnd, ChIleThese are monolithic statues carved from rock on the Polynesian island of Easter Island between the years 1250 to 1500. The distinct characteristics of the Moai are the oversized heads which is three-fifths the size of their body.
DiD you know?The tallest Moai erected ‘Paro’ was almost 10m tall and weighed 75 tonnes. The heaviest erected was a shorter one weighing 86 tonnes.
For oCbC
CredIT
CArdMeMberSThe wonderS oF
SouTh AMerICA Are YourS wITh oCbC CArdS
The Amazon Rainforest
Statues of Easter Island, Chile
Machu Picchu
PHO
TOS:
ISTO
Ck
PHO
TO, G
ETT
Y IM
AG
ES
20
enjoy
chef’scorner
A s the Executive Sous Chef of Fairmont Singapore, Chef Michael Muller’s enthusiasm and culinary creations have always impressed diners. With an
endearing personality and affable attitude, Chef Michael is also an advocate of good food and healthy eating.
Q: how has healthy eating evolved as a trend in recent years? MIchAeL: There is a consciousness among chefs on the benefits of cooking and eating healthily. Diners are now more aware of the quality, flavour and health benefits of organic produce. At Fairmont Singapore, we have eliminated all trans-fat products and where possible, switched to organic items like free-range eggs, organic milk and cream, organic fruit. We even have our own Herb Garden. Look out for our selection of Fairmont Lifestyle cuisine dishes, which are identified by green leaf symbols in our menus. I believe eating healthily has a positive effect on your overall well-being.
Q: Are you a health nut and what do you do to stay healthy? MIchAeL: No, I’m not obsessive about being healthy but I do strongly believe in staying fit. When I’m not working, I swim and spend as much time outdoors as possible.
Q: Is it true that healthy food rarely taste as good as the ‘unhealthy’ ones? can you give some tips for cooking food that is both healthy yet good-tasting?MIchAeL: We need to change the perception that healthy foods are less satisfying in appearance, flavour and portions. In fact, processed foods – especially fast-food items – tend to look artificial because of the preservatives used, and have less natural flavour due to the high sodium and added flavour content. The first step to cooking healthily is cutting out processed foods and making sure that you start with ingredients that are naturally wholesome and flavourful like vine-ripened tomatoes, kampong chicken, free-range eggs, olive oil, salad greens, organic potatoes, etc. Q: What is one healthy ingredient you can’t live without in your cooking?MIchAeL: Olive oil. It is a completely natural ingredient that has a wonderful healing effect on the body (great for soothing stomach ulcers and gastritis). Get organic certified extra virgin olive oil, it is delicious for dressing salads, stir-fried vegetables or just add a few drops to your pasta or risotto dish.
OCBC Must Savour Dining Privilege Programme has taken gourmet dining to a new level, with a collaboration with Fairmont Singapore and the dieticians from Parkway Health Group. A variety of gourmet menus served at Fairmont Singapore will boast of delicious and yet nutritious pairings of the freshest ingredients.
OCBC Cardmembers are invited to enjoy the ‘Appetite for Life‘ dishes with 15% off total bill* at Fairmont Singapore’s restaurants:
• Alligator Pear • Prego • szechuan court
for dining reservations, please call 6431 6156.
Indulge in your ‘Appetite for Life’ with ocBc cards!
*Promotion valid for ala carte dishes too. From now till 31 Dec 2010. Terms and conditions apply.
Fresh Sweet Water Prawn
& Avocado Salad
Steamed Marinated Norwegian Cod with Ginger-lime, Orange,
Carrot & Asparagus
Vegetable Lasagna
Tomato & Mozzarella Caprese Salad
Chef Michael
Muller
www.askocbc.com 21
This issue, we get up close and personal with chef ryan shiu, Director of Kitchen at Peony Jade, Keppel Club to share his thoughts on the Mid Autumn Festival.
Q: What do you remember most fondly about the Mid Autumn festival? rYAn: When I was a child, the festival always coincided with the school holidays so it was a very fun and carefree time. My family would gather to enjoy good food while the kids played with the beautiful lanterns under the moonlight.
Q: What is the significance of such chinese festivals and their celebrations?rYAn: I think many Chinese festivals such as Mid Autumn Festival are important in our fast-paced lifestyle today. They helped to bond families together as they celebrate and catch up during these occasions. Besides, the many interesting legends and stories behind these festivals, like how the Chinese organised a united revolt against Mongolian rule by slipping paper in the mooncake filling, helps to promote values such as the spirit of unity to be shared with the younger generation.
Q: What are some of your favourite mooncakes? rYAn: My personal favourites are the Peony Jade Low Sugar Baked Premium White Lotus Paste with Macadamia Nuts & Double Yolk and the new Snow-skin Japan Yuzu Truffle with Orange Walnut Paste. They are made with less sugar, no preservatives, essence or colouring and freshly baked daily.
Q: What’s the best way to enjoy mooncakes? rYAn: Mooncakes should be enjoyed with a pot of freshly brewed Pu-er tea.
Q: how do you intend to celebrate the festival this year?rYAn: I will be working but I will make it a point to enjoy some mooncakes and tea with my colleagues and more importantly, catch up with family and friends in Hong Kong via MSN.
Q: Any delicious mooncake creation ideas in store for 2011? rYAn: They will be petite-sized mooncakes which can be enjoyed in just one bite! Definitely less sweet, healthier and filled with my favourite fruits like mango or pineapple.
food noTes
Enjoy these sweet delights at Peony Jade restaurant:
online early bird discounts from 12 – 27 Jul 2010. Visit www.pjmooncake.com for details!
30% early bird discount* from 28 Jul – 10 Aug 2010
20% off^ from 11 Aug – 22 sep 2010
BONUS s$20 dining voucher+ when you spend S$200 in a single receipt!
exclusive Treat for ocBc Platinum cardmembers!
free delivery to 1 location for orders above 20 boxes (4 mooncakes per box) and for deliveries made by 8 sep 2010.Terms and conditions apply.
* Promotion valid for direct purchase at restaurants only. Not applicable for pre-orders. While stocks last. Terms and conditions apply. ^ Promotion not applicable with other discounts, offers and vouchers. Terms and conditions apply.+ Promotion valid for minimum S$200 spend after any discounts and taxes. Voucher terms and conditions apply.
ceLeBrATe MId AuTuMn WITh ocBc cArds!
Chef Ryan Shiu
22
enjoy
The ulTimaTe weekend guide Here’s a bumper list of great ideas to have a fabulous weekend!
Cable Skiget wet and wild with cable skiing! This is also a great toning workout which promises loads of fun.
Ski360degRee• Free 1-hr trial for first-
timers on weekdays (Mon-Thu)
• 10% off hourly rate, skiing/wake-boarding courses and annual passes
Valid till 31 may 2011. Terms and conditions apply.
• Skiing/wakeboarding clinic at S$32 (U.P. S$64)• Bring along a friend and enjoy
a special rate of S$48 for 2 (limited to 1 friend per OCBC Cardmember)
Valid till 30 aug 2010. Terms and conditions apply.
1206A East Coast Parkway Tel: 6442 7318
diving explore the beautiful underwater world, get wowed by the ocean’s beauty and swim with the fishes!
deep blue SCuba• 15% off diving
equipment purchases • 5% off diving courses • 10% off course fee (group of 4 and above)
Valid till 31 may 2011. Terms and conditions apply.
74 South Bridge Road #03-01 Tel: 6557 2705
Sunny Cove diving• Up to 30% off Mares diving products & 20%
off other brands • FREE Mares mask & snorkel set (worth S$80)
with each sign-up for PADI Open Water Diver Course
• S$20 off individual course fee with group sign-ups of min. 4 persons per group
Valid till 31 may 2011. Terms and conditions apply.
237 Alexandra Road, The Alexcier #06-09 Tel: 6333 8819
FUN IN THE SUN!
www.askocbc.com 23
The ulTimaTe weekend guide
RoCk Climbing Scale the heights with rock climbing. definitely a great way to work that endurance level.
boRdeRX & Climb aSia • Up to 40% off* purchases in
retail shop• Up to 20% off* courses• FREE 1 hour^ taster session with min. spend of
S$100*Valid till 25 Jul 2010 for BorderX and 31 Jul 2010 for Climb Asia.
^Valid till 31 may 2011 for BorderX and Climb Asia. Terms and conditions apply.
BorderX @ Orchard Central #04-22 Tel: 6884 4870
Climb Asia @ 60 Tessensohn Road, c/o Civil Service Club Tel: 6292 7701
REST & RELAX
Information is correct at time of printing.
viSiT www.oCbC.Com/CaRdSpRomoTionS foR moRe eXCiTing pRevailing offeRS Today!
Sing-a-longSing the blues away! gather your family and friends and have fun belting out your favourite tunes.
paRTy woRld kTv• Enjoy 10% off
Valid till 30 apr 2011. Not applicable on eve of and public holidays.Terms and conditions apply.
leaRn SomeThing new Swing your hips to hot salsa or create yummy bites at a sushi-making class. Pick up a new hobby or an interesting course that you’ve always wanted to try!Take up these self enrichment courses and challenge yourself. Now you can with oCbC extraCash loan with a deferred payment option to help you pursue your passions. Find out more, SMS <eCl><nRiC> to 73377 or visit www.ocbc.com/extracashloan today.
waTCh peRfoRmanCeS and go wild wiTh youR favouRiTe aRTiSTeSdon’t miss out on the coolest concerts or plays and musicals in town! Check out what’s happening this weekend and enjoy.• Exclusive discounts on the latest plays and musicals with the OCBC Arts Platinum
MasterCard. Refer to pg 17 for more.
Redeem eXCluSive Jay Chou ConCeRT meRChandiSe wiTh oCbC$ RewaRdS! • Worldwide Singapore Exclusive Limited Edition 3-pc
Figurines • Concert Edition Figurine• Worldwide Singapore Exclusive Musical Box• Show Goodie Bags (Blue or Pink, worth S$64 each)
Hurry, visit www.ocbc.com/rewards to redeem NOW with your OCBC$, while stocks last.Terms and conditions apply.
CaTCh The laTeST bloCkbuSTeRS grab the popcorn, drinks and chill out with the latest movies this weekend! golden village CinemaSEnjoy weekend tickets at S$8.50 each and weekdays at S$7 each. Plus S$1 off promotional combo meal of the week!Valid till 6 apr 2012. Weekend includes Fri – Sun, eve of and public holidays. Weekdays include Mon – Thu, except eve of and public holidays. Terms and conditions apply.
eng wah CinemaSEnjoy weekend tickets at S$8 each and weekdays at S$7 each. Plus exclusive combo meal promotion at S$11.50 (includes 1 popcorn, 1 pack of mixed nuts and 2 cups of coke)!Valid till 30 apr 2011. Weekend includes Fri – Sun, eve of and public holidays. Weekdays include Mon – Thu, except eve of and public holidays, sneaks or opening nights. Terms and conditions apply.
PHO
TOS:
GET
Ty
IMA
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Brought to you by
July — September 2010
about ideaS for living well todayask ocbc
The Ultimate weekend guide
Exclusive deals for weekend warriors.
Pg 22 & 23
The A–Zs to Celebrating life! Pg 6 & 7
