ask ocbc

July — September 2010

about ideas for living well today

What’s The
Real Deal
Experts share their
views for 2nd half 2010

Brought to you by
contents
talk

3 What’s The Real Deal?

editorial
Experts share their views for 2nd
half 2010
 
Sizing Up The HDB
5

Market
What lies ahead for HDB flat
owners?

T
his issue, we celebrate life. Whether it’s exploring
 
the Himalayas or doing something sweet and
The A-Zs To Celebrating
6

Life!
26 simple pleasures that make life
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
more enjoyable
you desire in life is being financially prepared. If you are
  invested and wondering what’s happening in today’s
The Wheel Of Life
8
Live life with peace of mind when
you’re protected
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.
Is the 60s the new 50s?
10
Who says you can’t have fun as
you grow old
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
Dreams Space™
11
promotions, contests and surprise giveaways.
` Share your dreams, connect with Don’t forget to take time out from your busy schedule.
others & get fun giveaways! Have some well-deserved ‘me-time’ or spend a great day
  with your family and kids. We have loads of exclusive

enjoy Boosting Your Child’s OCBC Cards offers and activities packed within. In ‘Arts

12

Memory!
As simple as ABC
Vibes’, we feature 2 local blockbuster musicals while Chef’s
Corner offers yummy treats to feast  on.  Plus read up on
Wonder World
18
the amazing exotic wonders of South America.
  Desiring for more fun? Turn to ‘The Ultimate Weekend
Pack your bags & let’s jet off to
And This Is How
 
South America
13

We Did It
Find out how you can start your
Guide’ and you’ll not be short of fabulous ideas to spend
the weekends.
 
Chef’s Corner
20


Indulge in your
‘Appetite For Life’
 
family financial planning Have fun and & celebrate life!

14 Time Travel With

  Mighty Savers™
21 Food Notes
Celebrate Mid Autumn with
exclusive offers
Gear up for adventures ahead

Find Us!
  The Ultimate
15
22 Weekend Guide
reward
Bumper list of weekend fun &
fabulous deals
Congratulations to our 3 winners from the Ask
OCBC April – June 2010 ‘Count the Happy

16 Make A Date
Activities for everyone
Faces’ contest who won an iPod nano each!

1) Mark Tan Kian Heng SXXXX190I

Co. Reg. No: 193200032W, MICA (P) 122/02/2010

learn
2) Christina d/o Christy Fernandez SXXXX740G
3) Ma Ai Win Phyu GXXXX234K

Correct answer: 40
Arts Vibes
17
Feast on Fried Rice Paradise &
experience December Rains

Back Cover Image: getty images


real deal?
We polled 19 fund managers for their investment outlook views
for the second half of this year.
Vasu Menon
Vice President,
Wealth Management
Singapore,
OCBC Bank
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.
Photo: getty images
What’s the
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.
Silver lining seen in U.S. and
emerging market economies
Despite 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 term
Despite 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.
www.askocbc.com 3
 talk

Equity markets favoured by fund managers Learn

Lion Global is positive on Asia ex-Japan markets for the long term, given the sound economic foundation Financial Speak
and wealth creation throughout the region. Made Easy
Aberdeen Asset Management also favours Asia and emerging markets because it believes in the Leading indicators
long-run structural improvement of emerging economies and the performance of their markets. Refer to economic data or other indicators that can help to
ING Investment Management prefers emerging markets as it sees its growth as predict future economic trends.
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. rolling over
Phillip Capital Management said it is becoming increasingly bullish on Japan, which is attractively In context of the article, it implies that leading indicators which
valued after ‘two lost decades’. Japan is also taking advantage of strong growth in emerging predict the direction of the economy appear to have peaked
markets, especially in infrastructure spending. and are now starting to show signs of weakness.

Asian markets preferred cyclical consumer EXPOSURE

Interestingly, many fund managers are positive on Chinese equities, which have corrected sharply Used in reference to Singapore and Taiwan where consumers are
likely to spend more if the global economic cycle turns favourable.
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 Investment
companies with strong balance sheets and a good franchise. Looking to invest in Basket

Elsewhere, Aviva Investors favours trade-oriented markets like Singapore and Taiwan which also today’s volatile market?
offers significant cyclical consumer exposure.
Prudential is positive on South Korea due to its relative valuations, competitive currency and global Here are two investment opportunities:
cyclical leverage. It is also positive on Indonesia due to the country’s structural economic improvements. • OCBC Smart Investment Programme (SIP) for Premier
Banking Customers
Selective opportunities seen in bond markets OCBC SIP is a systematic investment technique which lets you
Although most fund managers seem to prefer equities and riskier assets at this point, some of them see invest without timing the markets. In a falling market, it helps
selective opportunities in bond markets especially Asian credits and high-yield corporate bonds. to lower the cost of your investment and potentially cushions
against market volatility. You’ll also get a 1.5% cash rebate
Mixed outlook for commodities when the programme completes.
Fund managers offer a mixed outlook for commodity markets in the short
Formore details, speak to your Relationship Manager
term. Some are positive on base metals and precious metals like gold
today!
due to strong demand, while others are cautious about agricultural
Read the full
commodities and oil, due to supply factors. • LionGlobal Asia Bond Fund
article and the Participate in Asia’s stronger growth potential today with
the real deal rest of the fund LionGlobal Asia Bond Fund and capitalise on the diversity &
Overall, while fund managers are positive on equities and see selective managers’ views on stability of bonds.
opportunities in other areas, they warn investors not to throw caution www.askocbc.com
to the wind. Periodic investments and diversification are strategies for For details, visit any OCBC branch, call 1800 438 6088
investors to consider, especially in the current volatile markets. or log onto www.ocbc.com/wealth

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,
Photo: getty images

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.

4
 Sizing up the
HDB market What lies in store for HDB flat owners
in 2010? We ask two experts to share
their views.
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’.

Chua Chor Hoon,

Q: What is the market outlook on rental demand for HDB flats?
Head of Southeast CHOR HOON: Rental demand from permanent residents, foreign workers and
Asia Research, DTZ 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?
Eugene Lim, CHOR HOON: As HDB flats are bought mainly for owner-occupation, the price
Associate Director,
ERA Asia Pacific 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
Get Loan Approval for your
prices are a factor of actual demand and supply, and will not follow the private
HDB flat in 30 minutes
property market cycle.
Visit any OCBC branch to enjoy hassle-free application with just your
SingPass. Now even on Sundays, at our 18 Sunday Banking branches.
Did you know?
 
Enjoy promotional packages* when you sign up today. For details, call
COV refers to the difference between the valuation and resale price
Learn
1800 438 6088 or visit www.ocbc.com/mortgageblueprint
of a flat. COVs could rise or fall depending on market conditions.

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.
Photo: getty images

* 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.

www.askocbc.com 5
 talk
talk

THE A–Zs
to Celebrating Life!
26 simple pleasures that make life more enjoyable.

A ctive 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
E xplore
Pick up a new activity and you will
be pleasantly surprised at the new
experience. Go hiking in the Himalayas or try
into the new 50s! dirt-biking.

B abies
A bundle of joy and a miracle of life
that adds happiness and meaning to
couple-hood. Listen to your paternal instincts
F amily
Nothing is more important than kinship.
Stay connected with your loved ones.
Give your mum a hug today or tell your child
and start adding to the brood! how much you love him/her.

C ash
It is not the basis for happiness but
it is a necessity. Make sure you save
regularly and ensure you have at least 6
G oals
Set new resolutions for yourself
every year and achieve them!
Having goals keeps you motivated and on
months’ income for any emergencies. the path to self improvement.

D reams 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!
H ome 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.

6
 I nvest
One way to supplement your savings
is to grow your investment portfolio.
Know your risk appetite and invest in the
right tools.
J
og
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’.
K
iss
A kiss can burn calories! Plus it is
a great way to foster bonding and
intimacy with those you love.
L
aughter
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.
M
usic
Listening 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.
N
ational 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.
O
ptimism
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.
P rotection
Make sure you are well-protected.
Adequate life insurance is important.
Understand more about insurance on pg 8
& 9.
Q uality not
Quantity
Strive for quality in whatever
you do. It is not how much that matters, it
is how good it is.
“Stay connected with your
loved ones. Give your mum a
Photos: getty images
hug today or tell your child
how much you love him/her. ”
R est and Relax
Take 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.
S
eize the Day
Or carpe diem. Basically, live each
day to the fullest by doing what
matters most to you.
T
ravel
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.
U
nderstand
Seek to understand the different
views and mindsets of the people
around you. This will create greater harmony
between ourselves and the world.
V
olunteer work
Take time out from your busy
schedule to help the less fortunate.
Helping others can warm your heart and
make life even more meaningful.
W
ealth
Accumulate your wealth, not
just in the monetary sense but
expand your wealth of knowledge and
experiences.
X traordinary
Do something very special today
for a loved one. Cook a meal, write
a poem or serenade with a sweet song.
Y oga
This is one great exercise you can
do to achieve clarity of mind, a
better body, greater flexibility and most
importantly, inner peace.
Z est for Life
You never know what will happen
tomorrow and we only live once.
So, be happy and live life to its fullest!
www.askocbc.com 7
 talk
The Wheel of life
Live life the way you want with peace of mind and adequate protection
for you and your loved ones.
D
o 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 Adults
You’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.
8
Shield Plan
We 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:
• Coverage for Death, Total and Permanent Disability (TPD)
• Coverage for 30 Critical Illnesses and it also comes with a unique
Carcinoma-in-situ (pre-cancer) and Early Stage Cancer Benefit
• A short premium payment term of 15 years
 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
saving for future expenses as well as to protect yourself with Death
or TPD coverage with an endowment insurance plan that offers such
benefits.
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 Saver
  part of your insurance protection portfolio.
A 20-year participating regular premium endowment plan that
provides:
• Coverage for Death and TPD
• Annual cashback from end of policy year 2 – 19
• Annual cashback can be handy to supplement future expenses
• A maturity benefit at the end of the policy term
Married With Kids
Ensure 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 Protector
  insurance fund, in the form of non-guaranteed bonuses.
A non-participating regular premium term insurance plan that
provides:
• A lump sum of 3 times the Annual Income Benefit (AIB) immediately
in the event of Death, TPD or upon diagnosis of any 1 of the 30
covered critical illnesses (optional benefit)
• A yearly stream of AIB from the next policy anniversary following
the claim until the end of the policy term
• Waiver of future premiums upon a claim
• A maturity benefit of 3 times the AIB is payable at the end of the
policy term if no claim is made
Tip: School Protection Plan
  policy term.
A unique 2-in-1 plan comprising a participating limited premium
payment endowment plan – School Protection Plan, and an OCBC
Young Savers Account. School Protection Plan provides:
• Choice of a 12-year or 18-year tenure and you will only need to
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.
Retirees
Most 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
Tip: PrimeGold Saver
 
A participating single premium plan that provides:
• A good stream of regular income for retirement. For instance, with a
policy term of 15 years, you will receive annual cashback from the end of
6th policy year to a year before maturity
• A maturity benefit at the end of the policy term
Learn
Insurance
  Terms Made Easy
Premium
Refers to the amount that you pay for your insurance policy. It may
be on a regular basis (regular premium), for a specific number of
years that is less than the policy term (limited premium) or as a
one-time payment (single premium), depending on the type of plan
purchased.
Participating Plan
An insurance plan that ‘participates’ in the performance of the
Term Insurance Plan
An insurance plan that provides protection for a specified period of
time.
Endowment Plan
An insurance plan that offers both protection and savings for a
specified period of time. The benefits are payable upon occurrence
of certain events (eg. Death, TPD or critical illness claim) depending
on the coverage purchased. At the end of the policy term, a maturity
benefit will be payable if none of the events occured during the
Maturity Benefit
It 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.
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.

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
Photo: getty images

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
the plan are set out in the policy documents. A person interested in the insurance policies should read the product summary and benefit illustration (available from OCBC Bank) before deciding whether to buy this product.
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. 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.

www.askocbc.com 9
 talk

Is the 60s the

New 50s?
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.

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 Do Something For Yourself Today!

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.
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.

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! Learn
Did you know?
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.
The maximum yearly SRS
Retirement is not the end contribution is S$11,475*.
Think of your golden years as the perfect time for you to do what If you contribute this
you like without having to worry about money. Make this possible amount into the SRS
by planning early. each year, you’ll enjoy
a tax relief of the same
amount.

Retirement Planning Tips #101 Plus, if you contribute the

same amount for 10 years,
Photos: getty images, istockphoto

• Aim to clear all your debts by the time you retire. you will have an additional
• Achieve financial freedom. Build a stream of income
nest egg of S$114,750 for
for yourself after you retire so that you can continue
with your lifestyle even after your steady employment
your golden years.
income has stopped.
*Applicable to Singaporeans/Singapore PRs.

10
 www.facebook.com/dreamspacetm

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!

Wins
We surprise our 5 lucky fans S$100
Qinyan Yu Borrowing the traditional English wedding shopping
below! Their posts were
custom, I would use it for... Something Old – pick up an vouchers
selected in response to our old hobby: learning the piano! I gave it up a decade ago each!
question ‘What would you and have always wanted to go back to it. Something New –
do with S$250,000 in cash?” a new-found interest in travelling, especially to exotic places like s u b -
Congrats to all! 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,
Wins waves and beaches!
Noraini Ahmad I hope to let my S$500 April 30 at 4:09pm · Flag
girl continue her Math tuition for cash!
PSLE this year. Due to some hiccups, Annabelle Ng Use the money to learn everything that I’ve always wanted
I cannot afford her tuition fees even to learn (property agent course, threading, waxing, spa, facial, manicure)
though I feel that it is very important for because knowledge is power. The rest of the money will go into investments,
her. I would also like to have my house my wedding and migration funds.
renovated and keep the rest of the money April 30 at 4:11pm · Flag
for my childrens’ education.
May 1 at 1:18am · Flag Amanda Tan アマンダ First, to settle my degree course fee, give some to my
Dreams SpaceTM supports Noraini’s dreams for her parents and grandfather (who is cancer-stricken and needs the money for his
daughter to do well in her PSLE and her wishes for treatment), go to Japan and save the rest for future use (marriage, new house,
her family. We hope that our cash prize comes in kid’s education, etc)
useful! 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

Design Your Show us how creative you are! Design your dream
Dream weekend weekend bag with the theme ‘Celebrate Life!’ and
Set your dreams with
Bag Contest the winning design will win S$500 cash! Plus your
design will be produced as limited edition eco-friendly OCBC Dreams Board on
weekend bags as Dreams SpaceTM giveaways! Facebook today! Find out
how you can fulfil them
Prizes with OCBC MSA 123, a
monthly savings account
1st Prize : Win S$500 cash & the design will be produced
that gives you higher interest rates1 compared to a
as limited edition giveaways!
2nd Prize : Win S$200 cash Design me regular savings account. Start saving from
3rd Prize : Win S$100 cash as little as S$100 monthly today! Visit
THEME:
www.ocbc.com/MSA123 for more details.
To take part, simply visit www.facebook.com/DreamsSpace to be
a Dreams SpaceTM fan and send in your design now! Have fun!
Celebrate 1
Compared to interest earned on a regular savings account where the first tier interest starts from

Terms and conditions apply. Life 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.

www.askocbc.com 11
 talk

boosting your
child’s memory is
as simple as
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!

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.

For Parents:
• Unlock your Child’s Brain W i n To n y B u z a n ’s
Power and Creativity! Tony Power Learning Camp
Buzan, Inventor of Mind Maps® and package, autographed
author of bestselling books on the book & SmartParenting
Tony Buzan seminar tickets worth
Brain, Learning and Creativity
S$600!
• Raising Financially Savvy Kids. Anne Tay, Vice
President, Wealth Management Singapore, OCBC Simply share your dreams
Bank for your kids with us. Visit www.facebook.com/
DreamsSpace from 1 Aug for details.
• Learn Different! Dr Janice Wong, Consultant
Contest is from 1 Aug – 12 Sep 2010.
Paediatrician, Thomson Paediatric Centre
Terms and conditions apply.
For Kids:
• Understanding Money & Learning the
Habits of Millionaires. MoneyTree Singapore
• The 8 Keys of Excellence & Multiple
Intelligences. SuperCamp Here’s what
you missed!
About 400 parents and children joined us at
Date : 25 Sep 2010 our inaugural OCBC SmartParenting Seminar
• OCBC SmartParent
Time : 12.30pm – 5pm 50% off for
in March at Marina Mandarin Singapore.
OCBC Mighty • Mighty SaversTM
Venue : Carlton Hotel SaversTM Family • Children Development Account Holder Kids had fun learning money management
Fee: S$30 per parent customers
• OCBC Platinum Cardmember skills while the adults picked up tips on
S$20 per child
nurturing academic learning and creativity.

Hurry, seats are limited. Registration is on a first-come-first-served basis* and ends 12 Sep 2010. Don’t miss our next seminar and kids workshop
Visit www.ocbc.com/mightysavers to register now! on 25 Sep 2010.

*Confirmation of seat is upon receipt of seminar fee payment.

12
 >> smart parenting

And This Is How

Ong Tien Tien, 31
and hubby Gerry
Chan, 34 share with
We Did It!
“W
e have always found Smart parents know the importance of financial planning. From saving
us why they started OCBC’s wide offering to investing, income protection to life insurance, they all take on new
an OCBC Children of products suitable for
us. So we opened Charmaine’s Children
significance once anyone becomes a parent!
 
Development Development Account with OCBC and also Here’re 3 easy steps to start!
started a SmartParent account for regular
Account for their savings.  Step 1 Start a savings plan with your Baby
Bonus
1-year old daughter, We hope that by managing our finances
better, we can focus on having a quality life Regular savings is the first and most important step to healthy finances.
Charmaine. together – for ourselves, our parents and When baby arrives, OCBC Bank will help set up your newborn’s Children
Development Account (CDA), the special account for the Baby Bonus
our child.  OCBC also helped identify the
right products for us, such as an income Scheme. You can even ‘upgrade’ to OCBC CDA Extra for higher returns.
replacement plan – MaxFamily Protector.
Step 2 Grow Your Family’s Nest Egg
We also enjoy visiting the Suntec City
Take another step to reach your family’s goals by opening an OCBC
branch on Sundays with our parents and
SmartParent, an account which earns you higher interest than a regular
Charmaine. We love the relaxing family-
savings account.
friendly atmosphere and warm staff. This is
especially great for Charmaine who doesn’t Step 3 Teach the lil one to save
like crowded, noisy places with long queues. When it’s junior’s time to open his or her own account, OCBC Mighty
Sunday Banking has definitely help us to Savers™ can help you start the habit of saving in your child. With interactive
enjoy banking with OCBC!” elements like cards and stickers, plus encouragement gifts for your child on
completion of each card, saving and banking becomes a memorable and
smart fun experience. 
parenting
ncy & guide

pregna careHow to be a
guide

baby savvy
g
parent
feedin
Breast shop Toy box
basics
FREE SMART PARENTING GUIDES* FOR SAVVY PARENTS!
must-haves
for 2 Energy boosters
Eating
manage
for you & hubby
in g re ady
Gett by Teach your kid

Simply sign up for the OCBC SmartParent account today at any OCBC branch.
save
for ba about money
bour
Your laist play Family fun
for free
checkl

Bond 8
Return to

For details, visit any OCBC branch, call 1800 438 3333 or log onto
connect
Romance

plus
with - page
better

baby www.ocbc.com/mightysavers
baby
ke
keepsa
album
inside!

Proudly brought to
you by
0032W
No: 19320

to you by
brought
Proudly
Co. Reg.

Limited
oration 13 nus
ing Corp pore 0495 ocbc.com/babybo
inese Bank e, Singa www.
Oversea-Ch t, OCBC Centr 438-6088
Stree 1800
65 Chulia Service:
Customer
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.

www.askocbc.com 13
 talk

Travel Back In Time

with the Mighty Savers™

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!

From babies to schoolchildren, we have a wide range of gifts for every child to enjoy!

Sign-up / Top-up Gifts1 Encouragement Gifts2

Open or top up your child’s Deposit your child’s S$20
savings account with a OR savings with a completed
minimum deposit of S$1,000 Mighty Savers™ card and
at any OCBC branch and receive a Time Travel Poster
Watch Cap
choose your gift: and Dinosaur Stickers Set.

(Available from now till 31 Aug 2010) (Available from now till 31 July 2010)

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.
Terms and Conditions
1
Open 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.

14
FIND US! Sunday Banking branch
Banking Hours: 11am to 7pm daily

Sun Plaza
OCBC Bank branch
 Northpoint
Causeway Point Yishun
 Woodlands
Premier Banking Centre

 Punggol Plaza
Business Banking Centre
 Bukit Panjang Ang Mo Kio Central
Compass Point
Choa Chu Kang
 Ang Mo Kio
Hougang Mall White Sands
 Bukit Batok  Bishan  Hougang  Tampines South
 Thomson  Upper Serangoon  Tampines Central
 Serangoon Garden  East Point
 NTU Jurong West Shopping Mall
 Bukit Timah
Toa Payoh
Jurong Point Jurong East Sixth Avenue  Central  Bedok North
Jurong balestier Ubi
Road
Bedok
City Square Mall  Aljunied
 Clementi  Joo Chiat
Holland  jalan Sultan East Coast
ION  Jalan Besar  Geylang
Village Orchard Lucky  North Katong
Plaza  SMU
Orchard
 Citylink Mall
 Alexandra
Village OCBC Centre Suntec City
We are at Caltex Stations!
 People’s Park Enjoy 24-hour access to your OCBC accounts with
Harbour  tanjong Pagar
Front our ATM Plus machines. Deposit or withdraw cash
ALL DEPOSIT ACCOUNTS  Robinson Road
Tel: 1800-438-3333
at your convenience anytime, islandwide.
eBANKING
Internet Banking, Mobile Banking, Phone Banking
Tel: 1800-363-3333 For banking hours, branch and ATM locations, visit www.ocbc.com/personal
INSURANCE
Tel: 1800-438-6088 Alexandra Village Geylang OCBC Centre
LOANS Blk 123 Bukit Merah Lane 1, #01-98/100, S(150123) 325/327 Geylang Road, S(389360) 65 Chulia St, #01-00 OCBC Centre, S(049513)
Home Loan, EasiCredit (1 Hour Approval), Aljunied HarbourFront People’s Park
Auto Loan, Renovation Loan Blk 119 Aljunied Ave 2, #01-40/42, S(380119) 1 Maritime Square, HarbourFront Centre, 101 Upper Cross Street, #01-27 & #B1-49/50/51
Tel: 1800-438-3333 Ang Mo Kio #02-99/100 S(099253) People’s Park Ctr, S(058357)
Commercial Property Loan Blk 629, Ang Mo Kio Ave 4, Holland Village Punggol Plaza
Tel: 1800-538-1111 #01-1006/1008/1010, S(560629) 249 Holland Avenue, S(278980) Blk 168, Punggol Field, #01-11/12 Punggol Plaza,
Ang Mo Kio Central Hougang S(820168)
INVESTMENT
CPF 53 Ang Mo Kio Avenue 3, #B1-32/33 AMK Hub, Blk 211, Hougang St 21, #01-295, S(530211) Robinson Road
Tel:1800-227-1188 S(569933) Hougang Mall 77 Robinson Road, #01-03 Robinson 77, S(068896)
CPF Investments Balestier Road 90 Hougang Ave 10, #01-01/02/03/05, S(538766) Serangoon Garden
Tel: 1800-783-5911 360 Balestier Road, #01-14/15 Shaw Plaza - Twin ION Orchard 86/88 Serangoon Garden Way, S(555982)
Dual Currency Returns, Structured Deposits, Heights, S(329783) 2 Orchard Turn, #B2-56/57 (Linkway to Wisma Atria), Sixth Avenue
Unit Trusts Bedok S(238801) 827 Bukit Timah Road, S(279886)
Tel:1800-438-6088 Blk 204, Bedok North St 1, #01-403/405/407, Jalan Besar SMU
OCBC Securities S(460204) 10 Jalan Besar, #01-01 Sim Lim Tower, S(208787) 70 Stamford Road, #B1-43, Singapore Management
Tel: 1800-338-8688 Bedok North University (Li Ka Shing Library), S(178901)
Jalan Sultan
CARDS Blk 88, Bedok North St 4, #01-163, S(460088) 200 Jalan Sultan, #01-05 Textile Centre, S(199018) Sun Plaza
Credit Cards, Debit Card, Promotions Bishan Joo Chiat 30 Sembawang Drive, #02-23/24, S(757713)
Tel: 1800-363-3333 Blk 501, Bishan St 11, #01-372/374, S(570501) 40 Changi Road, S(419702) Suntec City
FOREIGN EXCHANGE Bukit Batok Jurong 3 Temasek Boulevard, Suntec City Mall (near Tower 1),
Foreign Exchange & Interest Rates Trading Blk 634, Bukit Batok Central, #01-108, S(650634) Blk 65, Yung Kuang Road, #01-95/101, S(610065) #01-104/106, S(038983)
Tel: 1800-538-1111 Bukit Panjang Jurong East Tampines Central
OCBC Foreign Exchange Rates Blk 257, Bangkit Rd, #01-51/55, S(670257) Blk 130, Jurong East Street 13, #01-235, S(600130) 1 Tampines Central 5, #01-02 Tampines CPF
Tel: 1800-363-3333 Bukit Timah Building, S(529508)
Jurong Point
BUSINESS BANKING 170 Upper Bukit Timah Rd, #01-01 Bukit Timah 1 Jurong West Central 2, #B1-31/32/33/46 Jurong Tampines South
Corporate Accounts, Business Loans, Shopping Centre, S(588179) Point Shopping Centre, S(648886) Blk 138, Tampines St 11, #01-108/110, S(521138)
Trade Finance Products and Services Causeway Point Jurong West Tanjong Pagar
Tel: 6538-1111 1 Woodlands Square, #01-18, Causeway Point, Blk 502, Jurong West Ave 1, #01-821, S(640502) 260 Tanjong Pagar Road, #01-01, S(088542)
S(738009) Thomson
CORPORATE CARDS Katong
Tel: 1800-363-3333 Choa Chu Kang Blk 83, Marine Parade Central, #01-576/578, 181 Upper Thomson Road, S(574331)
Blk 304, Choa Chu Kang Ave 4, #01-663, S(680304) S(440083) Toa Payoh Central
OVERSEAS CUSTOMERS
CityLink Mall Lucky Plaza 520 Lorong 6 Toa Payoh, #02-52/53, S(310520)
If you are calling from overseas, please call 1 Raffles Link, #B1-09 CityLink Mall, S(039393)
(65) 6xxx-xxxx where ‘xxx-xxxx’ is the last 304 Orchard Road, #01-95/96/97 Lucky Plaza Ubi Business Banking Centre
7 digits of the toll-free number. For example, City Square Mall Shopping Centre, S(238863) Blk 302 Ubi Ave 1, #01-59/63, S(400302)
180 Kitchener Road, #02-01/02, City Square Mall, North Upper Serangoon
to enquire about our Al-Wadiah accounts,
S(208539) 460 North Bridge Road, #01-00, S(188734) 777 Upper Serangoon Road, #01-01, S(534645)
dial (65) 6438-3333.
Clementi
Northpoint Woodlands
Blk 446, Clementi Avenue 3, #01-193/195, S(120446)
Corporate Website 930 Yishun Ave 2, #B2-21 to 26 Northpoint Shopping Blk 303, Woodlands St 31, #01-159/161, S(730303)
Compass Point Centre, S(769098)
www.ocbc.com White Sands
1 Sengkang Square, #01-40/41 Compass Point,
NTU 1 Pasir Ris Central Street 3, #01-11/A White Sands,
iOCBC S(545078)
50 Nanyang Avenue, NS3 #01-01, Academic Complex S(518457)
www.iocbc.com East Coast North, Nanyang Technological University, S(639798) Yishun
Personal Banking 174/176 East Coast Road, S(428880)
Orchard Road Blk 103, Yishun Ring Rd, #01-67, S(760103)
www.ocbc.com/personal East Point Shopping Mall 160 Orchard Road, #B1-12/13 Orchard Point,
3 Simei St 6, #B1-06 Eastpoint Mall, S(528833) S(238842)
Information is accurate at the time of printing. (Counter Services are not available)

www.askocbc.com 15
Make
talk
a date with ocbc

august
Join the New
July Moon Big september
Walk 2010!
Do your bit for charity at the
New Moon Big Walk (5km)! Sign Momotaro
up and New Moon will contribute Classic Japanese
100 bowls of rice for every participant. New folktale marvellously
Mozart’s Die Zauberflote Moon is targeting to raise 500,000 bowls of rice which transformed into a
[The Magic Flute] will go towards helping less fortunate families from delightful musical for
Step into the fantasy world of fairy tale and the North East CDC. Look out for exciting lucky draw all! A thrilling epic of
finest melodies, set in the mythical East by prizes, fun games and local celebrities Fann Wong and idealism, friendship,
Singapore Lyric Opera. Jeanette Aw at the walk. Registration heroism, and comic
Enjoy up to 20% off with OCBC Cards from fee at S$25 per person. Visit www. misadventures by
now till 27 Jul. newmoonbigwalk.com to I Theatre.
23 - 27 Jul @ Esplanade Theatre FREE New Moon register today! Enjoy up to 15% off
Big Walk umbrella
1 Aug, 7.45am – 11.30am with OCBC Cards
when you register
with your OCBC @ White Sands (Pasir Ris) from now till 19 Sep.
Card! Hurry, while Proudly sponsored by 3 – 19 Sep @ The
stocks last. Singapore Airlines
Theatre, LASALLE

august
BOEING BOEING
Directed 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

Celebrate National Day at Mid Autumn Festival delight at

sunday banking! sunday banking!
• Sunday Surprise Treats for all! Get your kids involved in a lantern-making
workshop.
8 Aug, 2 – 3pm @ 18 Sunday Banking
branches Visit www.ocbc.com/sundaybanking for
details.
• National Day fun at Little Creators
workshops for kids. Visit www.ocbc. 19 Sep @ selected Sunday Banking branches
Time Travel at Mighty Savers™
Little Creators sessions com/sundaybanking
Catch the new Mighty Savers™ Time Travel for details.
Adventure cartoon and learn to draw time 8 Aug @ selected Sunday Banking
machines, dinosaurs and more. SmartParenting
branches Series – Fulfil Your
Every Sunday @ 18 Sunday Banking branches Dreams For Your
OCBC Happy Savings Grand Draw Kids
Enjoy exclusive promotions and free Join us at the parenting
gifts at our roadshow. Plus meet our seminar while your
lucky Happy Savings Draw grand child attends the kids
prize winner of S$250,000 in an workshop. Refer to pg
exciting gameshow! 12 for details.
28 & 29 Aug, 11am – 7pm 25 Sep, 12.30 – 5 pm
@ Toa Payoh HDB Hub @ Carlton Hotel

Enjoy exclusive savings with OCBC Credit Cards.

Visit www.ocbc.com/ArtsShowcase for prevailing promotions.

Information is accurate at time of printing.

16
Arts Vibes
Feast on FRIED RICE PARADISE and
Presented by OCBC Arts
Platinum MasterCard

experience DECEMBER RAINS this issue.

FRIED RICE PARADISE is hailed as the

Catch this from biggest local production to hit the theatre
20 Aug onwards this year. We had a chat with Dick Lee,
at The Esplanade composer and writer of this true-blue
Theatre!
Singaporean musical.
Enjoy 15% off*
with OCBC
Back to the Future
Cards!
I 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… Don’t have an

I worked closely with Singapore Repertory Theatre’s OCBC Arts Platinum
Stage Two to put together both the creative team MasterCard?
and the cast. I can’t wait to introduce Taufik Batisah SMS <OCBCCards>
and Rahimah Rahim to the musical theatre genre space<Artsplat>
for the first time. Come prepared for a fun night at space<Name>
the theatre, to laugh your hearts out and be touched to 76062 to
by a heart-warming Singaporean musical. apply now.

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 Chan

This 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 Heroes

The 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
Catch this from heroes who have contributed to Singapore’s development.
6 – 15 Aug at The
Esplanade Theatre!
Enjoy 15% off* Music to the Ears
with OCBC I’ve composed a few new songs with Jimmy Ye, a very talented composer just
Cards! 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.

Visit www.ocbc.com/ArtsShowcase for more details today!

* Terms and conditions apply

www.askocbc.com 17
 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

18
 >> TRAVEL

Machu Picchu

The Amazon Rainforest

Statues of Easter Island, Chile

harbour of Rio De Janeiro, Brazil

Harbour of Rio De Janeiro, River of January, is one of the 7 wonders of the natural world.

Did you know?

 
OCBC
Rio De Janeiro was founded on 1 January 1502 by Portuguese navigators who thought that For dit
re
THE WONDERS OF
C bers
the entrance of Guanabara Bay was the mouth of the river. Hence, they named it River of
C ard mem SOUTH AMERICA ARE
January. YOURS WITH OCBC CARDS
Machu Picchu, Peru From now till 31 Dec 2010, every S$70 charged to your OCBC
Nestled on a small hilltop between the Andean Mountain Range, this majestic city in Peru Card gives you a chance to win the Grand Prize of an unforgettable
which towers at 7,000 feet above sea level, soars above the Urabamba Valley below. With trip to see all the top 7 Wonders voted!
a moniker like ‘Lost Cities’, this Incan built structure looks right out of a movie scene.
Plus take part in ‘Wonder of the Month Draw’ to win trip to visit
South America*!
Did you know?
 
The Inca Trail in Peru is one of the world’s most famous hiking trails that starts from the 3 Easy Steps to Win the Wonder of the Month Draw
Sacred Valley of the Urabamba River and ends at the breathtaking ruins of Machu Picchu. 1. SPEND : Every S$70 spent gets you 1 chance to vote
The 45km trail takes three to five days to complete. 2. VOTE : You get to decide which 4 destinations gets voted as
the ‘Wonder of the Month’
the Amazon Rainforest 3. WIN : If your Wonder tops the chart, you might just win a trip
Also known as Amazonia, the Amazon Rainforest is a tropical rainforest located in the for 2 to see it!
northern part of South America. A guide or river tour is the best way to explore this Here’s how you can vote:
rainforest that is home to 120-foot trees, thousands of different species of plants and
animals, and home to the indigenous tribes. Visit www.facebook.com/ocbcwonders & follow the steps
OR
Did you know?
  SMS <WONDERS> space <Code> space <NRIC> space
The Amazon Rainforest is the biggest forest in the world and 60% of it is located in Brazil, <First 8 digits of your credit card number> space <Spend
covering almost half of the country. Amount> space <Approval code> to 76062
Harbour of Rio De Janeiro, Brazil: Code SA1
Statues of Easter Island, Chile Amazon Rainforest: Code SA2
Photos: istockphoto, getty images

These are monolithic statues carved from rock on the Polynesian island of Easter Island Machu Picchu, Peru: Code SA3
between the years 1250 to 1500. The distinct characteristics of the Moai are the oversized
Statues of Easter Island, Chile: Code SA4
heads which is three-fifths the size of their body. For more details, visit www.ocbc.com/Wonders now.
*Promotion period to vote for the South American Wonder of the Month
Did you know?
 
ends on 31 July 2010. Terms and conditions apply.
The tallest Moai erected ‘Paro’ was almost 10m tall and weighed 75 tonnes. The heaviest
erected was a shorter one weighing 86 tonnes.

www.askocbc.com 19
 enjoy

chef’s
corner

Tomato & Mozzarella Caprese Salad

A
Chef
Michael s the Executive Sous Chef of Fairmont Singapore,
Muller Chef Michael Muller’s enthusiasm and culinary
creations have always impressed diners. With an
Steamed Marinated endearing personality and affable attitude, Chef Michael
Norwegian Cod with is also an advocate of good food and healthy eating.
Ginger-lime, Orange,
Carrot & Asparagus
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
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.

Vegetable Lasagna
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: 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

Fresh Sweet
Indulge in your dining to a new level, with a collaboration with Fairmont Singapore and
Water Prawn
& Avocado
‘Appetite for Life’ the dieticians from Parkway Health Group. A variety of gourmet menus
served at Fairmont Singapore will boast of delicious and yet nutritious
Salad
with OCBC Cards! 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.

*Promotion valid for ala carte dishes too. From now till 31 Dec 2010. Terms and conditions apply.

20
Food
Notes

Chef Ryan Shiu

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 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: 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: 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.

Celebrate Mid Autumn

With OCBC Cards!
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.

www.askocbc.com 21
 enjoy

The ultimate
weekend guide
Here’s a bumper list of great ideas to have a
fabulous weekend!

FUN IN THE SUN!

 Cable Ski  Diving

Get wet and wild with cable skiing! This Explore the beautiful underwater world,
is also a great toning workout which get wowed by the ocean’s beauty and
promises loads of fun. swim with the fishes!

Ski360DEGREE Deep Blue scuba

• 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.
• 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

• Skiing/wakeboarding Sunny Cove Diving

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
• 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

22
 REST & RELAX

 Sing-a-long
Sing 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 artistes
Don’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.

 Rock Climbing  Catch the latest blockbusters

Grab the popcorn, drinks and chill out with the latest movies this
Scale the heights with rock climbing. Definitely
weekend!
a great way to work that endurance level.

Golden Village cinemas

BorderX & Climb Asia
Enjoy weekend tickets at S$8.50 each and weekdays at S$7 each. Plus S$1
• Up to 40% off* purchases in
off promotional combo meal of the week!
retail shop
• Up to 20% off* courses Valid till 6 Apr 2012. Weekend includes Fri – Sun, eve of and public holidays. Weekdays
include Mon – Thu, except eve of and public holidays.
• FREE 1 hour^ taster session with min. spend of
Terms and conditions apply.
S$100
*Valid till 25 Jul 2010 for BorderX and 31 Jul 2010 for
Eng Wah cinemas
Climb Asia.
Enjoy weekend tickets at S$8 each and weekdays at S$7 each. Plus exclusive
^Valid till 31 May 2011 for BorderX and Climb Asia.
combo meal promotion at S$11.50 (includes 1 popcorn, 1 pack of mixed nuts and 2
Terms and conditions apply.
cups of coke)!
BorderX @ Orchard Central #04-22 Tel: 6884 4870 Valid till 30 Apr 2011. Weekend includes Fri – Sun, eve of and public holidays. Weekdays
Climb Asia @ 60 Tessensohn Road, c/o Civil Service Club include Mon – Thu, except eve of and public holidays, sneaks or opening nights.
Tel: 6292 7701 Terms and conditions apply.
Photos: getty images

Visit www.ocbc.com/cardspromotions for more exciting prevailing offers today!

Information is correct at time of printing.

www.askocbc.com 23
ask ocbc
July — September 2010

about ideas for living well today

The Ultimate
Weekend Guide
Exclusive deals
for weekend warriors.
Pg 22 & 23

The A–Zs to
Celebrating Life!
Pg 6 & 7

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