It’s not clear that B&O, which is based in western Denmark, has any potential suitors, but the comments by Chairman Ole Andersen to the Borsen newspaper were initially embraced by investors, who drove the stock up as much as 15 percent after the market opened in Copenhagen on Friday. As investors took a bit more time to think, B&O’s gains petered out, and the shares were about 2 percent higher after roughly an hour of trading.

“If we were to get an approach, then we’ll listen, but it would naturally also need to be discussed with the shareholders. We’re obligated to do that,” Andersen told Borsen. Asked whether such a scenario is now more relevant, given the latest developments at the company, Andersen said yes.

The comments come after a disastrous year for B&O, which even after Friday’s share-price gains is down more than 50 percent in 2019. B&O issued its most recent profit warning in June, when it said that sales were falling even faster than anticipated.

“We’re in a situation where we need a contingency plan, and we of course have one,” Andersen said.

Per Hansen, an investment economist at Nordnet in Copenhagen, said in a note to clients that “B&O’s challenge lies first and foremost in the fact that it can’t react fast enough and that it still has a high cost base.”

Andersen himself noted earlier in the week at the company’s annual general meeting that B&O had fallen behind in product launches. He also acknowledged that management had faced “considerable challenges” in pushing through the necessary changes to the sales and distribution network.

Hansen notes that the company “probably hasn’t had a recent offer made to it and it probably doesn’t have a long list of potential suitors that it can call.” Ultimately, discussing a possible sale is a scenario that he says “ought to have been explored earlier.”

“The last 12 month haven’t created any justified expectations of an imminent sale at a very high price,” Hansen said. “For investors it looks like the current best card to play is that the share price is historically low.”

Sparkle Roll

Investors may now be asking themselves why B&O’s board was so determined to fend off a 2016 takeover attempt. Back then, Sparkle Roll — a company controlled by Chinese billionaire Qi Jianhong — indicated it was interested in buying B&O as it built up a major stake. But Andersen rebuffed its overtures, referring to the uncertainty surrounding a potential bid. That was three years ago, when a B&O share cost considerably more than now.

Andersen has more time to focus on B&O these days, after being ousted from the head of the board of Danske Bank late last year in connection with a $230 billion money laundering scandal. His departure was forced through by A.P. Moller, the biggest shareholder in Danske. Andersen has also agreed to step down as chairman of food-ingredient maker Chr.

About a quarter of older workers want to work and stay in their current jobs, according to a survey of more than 400 workers released by the Centre for Seniors yesterday.

A separate study of around 300 older workers by the centre also showed that more than half wanted to continue working full time.

With such aspirations, the centre said more measures are needed to help older workers plan their careers, after Prime Minister Lee Hsien Loong announced during the National Day Rally speech on Sunday that the retirement and re-employment ages will be raised.

He announced that the retirement age will go up to 63 in 2022, and eventually to 65 by 2030.

The re-employment age will also go up from 67 now to 68 in 2022, and eventually to 70 by 2030.

Centre executive director Lim Sia Hoe said: “Older people say they want to work longer but they do not know how to and what jobs are open to them. There can be mismatches between jobs and older workers because these staff can have certain requests, such as leaving work early. They require life coaching so they know where to go and what resources are available. They also need to know themselves and adjust their expectations.”

The centre, a non-profit social service agency, is helping to prepare such workers with its LifeWork course. The course, which can last from one to three days, provides a toolkit for older workers to plan and manage their work-life transition, addressing concerns of career, retirement, health and family at different stages of life, especially at critical age junctions of 55, 62 and 67 years old. Around 3,000 workers from about 40 organisations have attended the course since it was piloted in 2016. A small number of workers also signed up for the course on their own.

The centre also launched a job portal for older workers last year called Silverjobs.sg. The portal has around 40 age-friendly employers across industries, such as the food and beverage sector, security, community care, corporate and administrative roles, engineering and delivery services.

It will help to match employers with older workers in suitable roles.

The centre has also developed an employment pathway for mature workers, which includes preparing both workers and employers before allowing for a job trial to ensure the right fit for both sides.

These moves are in line with the recommendation by the Tripartite Workgroup on Older Workers that calls on employers to engage mature workers in structured career planning sessions.

Ms Low Yen Ling, Senior Parliamentary Secretary for Manpower and Education and a member of the workgroup, said: “We hope that employers in the private sector and seniors will also take time to reflect, discuss and talk about how to prepare older Singaporeans to enjoy longer, more productive careers.

“We have to get them talking about re-employment early and not just a year before – 55 is a good age milestone. Such conversations and plans will give employers and seniors time to build up the skills required and help the seniors to build confidence in case he or she is prepared to go into a second career.

“Employers are also generally more aware of the skills needed for the industry, so we hope the employer can guide employees into what courses they should go for, to prepare for career transitions.”

Pet ownership is not a new phenomenon in China. For example, for thousands of years, rural dwellers kept dogs to guard their homes while they were busy in the fields.

The relationship between pets and their owners was a working partnership until 30 years ago, when standards of living started to rise as a result of the reform and opening-up policy, and people began owning animals for companionship and pleasure.

A distinct change has been noticed in recent years, with a sharp rise in the ownership of exotic pets, especially among members of the younger generation, who are no longer satisfied with traditional animals such as dogs and cats.

As a result, the country is seeing a rapid rise in the number of nontraditional pets, such as birds of prey, rare frogs, snakes, pygmy sharks, lizards, insects of all sizes and colors, and even crocodiles.

According to the annual report on China’s pet market published by Goumin, the country’s largest pet website, the market value rose from 14 billion yuan in 2010 to 170 billion yuan ($24 billion) last year.

Although the report didn’t provide specific statistics about the exotic pet market, it showed that 36 percent of China’s 73 million pet owners keep reptiles and rodents.

In 2000, only about 20 shops on Taobao, China’s largest online shopping platform, sold exotic pets. Now, a search using the keywords “exotic pets” brings up details of more than 1,000 retailers.

Also, the number of registered members of pxtx, one of China’s biggest online forums for lovers of turtles, lizards and snakes, has risen from nearly 1,000 in 2002 to more than 400,000.

This year, about 30 pet exhibitions will be held in China, 26 of which will feature lizards and rare birds, according to World Animal Protection, a global nonprofit group.

A report released by the group shows that the global trade in exotic pets has “flourished”, with more than 500 bird species and 500 reptile species traded worldwide, and the Chinese market has seen rapid growth in recent years.

According to the annual report on China’s pet market published by Goumin, the country’s largest pet website, the market value rose from 14 billion yuan in 2010 to 170 billion yuan ($24 billion) last year.

Although the report didn’t provide specific statistics about the exotic pet market, it showed that 36 percent of China’s 73 million pet owners keep reptiles and rodents.

In 2000, only about 20 shops on Taobao, China’s largest online shopping platform, sold exotic pets. Now, a search using the keywords “exotic pets” brings up details of more than 1,000 retailers.

Also, the number of registered members of pxtx, one of China’s biggest online forums for lovers of turtles, lizards and snakes, has risen from nearly 1,000 in 2002 to more than 400,000.

This year, about 30 pet exhibitions will be held in China, 26 of which will feature lizards and rare birds, according to World Animal Protection, a global nonprofit group.

A report released by the group shows that the global trade in exotic pets has “flourished”, with more than 500 bird species and 500 reptile species traded worldwide, and the Chinese market has seen rapid growth in recent years.

Millennial identities

Many Chinese fans of exotic pets are ages 20 to 35, the so-called millennial generation, who are passionate about exploring new things and seeking a unique identity.

“Young people are our major customers. Instead of raising a traditional pet, they want something special to show off to their friends, especially via social media. Also, many enjoy the experience of learning and knowing more about a certain wild animal by raising it as a pet,” said Liu Yiyan, who owns a store that sells lizards, snakes, African hedgehogs, marmots and flying squirrels.

Liu, 25, loves exotic pets. At age 21, he started raising a central bearded dragon, a lizard native to the woodland and deserts of central Australia.

“It was cool to have a lizard as a pet when most of my friends had cats and dogs. Nowadays, young people want to be different, and having an exotic pet is a good way to stand out,” he said. “When I discovered that many people had a strong interest in exotic pets, it gave me the confidence to start my business.”

Together with his 29-year-old sister, Liu runs his store at the Laiguangying Pet Market near Beijing’s North Fifth Ring Road. In the two years since it opened, the 35-square-meter store has seen a steady rise in customer numbers, earning the siblings a combined monthly income of about 25,000 yuan.

Prices range from 300 to 5,000 yuan for each animal, but those that exhibit rare colors, have great affinity for human contact or are happy to interact with their owners cost more. “Snakes are easiest for beginners, but women prefer flying squirrels because of their cute appearance,” Liu said.

He said many purchasers are novices in the exotic pets market and have barely heard of the animals. “Most brick-and-mortar stores like mine prefer to sell exotic pets that have been popular for several years. That makes it much easier for novices,” he said.

Internet interest

By contrast, the internet is the major trading platform for people looking for the most unusual pets. For example, a popular retailer called Ant Farm, which opened in 2010, sells the insects on Taobao.

The store, which receives about 2,500 orders a month and has 30,000 registered fans, sells more than 200 kinds of ants. They range from honeypot ants－a queen costs nearly 3,000 yuan－to Messor cephalotes, where a group consisting of a queen and three to five worker ants costs 2,000 yuan.

“Owning ants is still a new thing in the exotic pets market. I was among the first group of ant lovers that emerged about 10 years ago. Back then, the group only had a few hundred members, but now, the number is estimated to be 100,000,” said Yang Yu, 35, Ant Farm’s owner.

A colony of ants usually costs about 10,000 yuan, much less than a single rare tortoise, according to Yang. Some ordinary species, such as bullet ants or the Bornean queenless ant, cost just a few hundred yuan for a small group, meaning they are popular with younger collectors.

Yang said raising ants is a good option for quiet people. He said owners have a lot of fun observing the highly organized insects working collaboratively, and it is considered a tremendous achievement if the group produces the next generation in captivity.

He has established two online ant chat groups, each of which has nearly 2,000 members. Many are high school students, who are still beginners in the field, while others are senior players, though still age 40 or younger.

“They share common ground－a strong interest in ants and great curiosity about the small underground kingdom. Most of them are their family’s only child and they want a pet for companionship,” he said.

“Thanks to increasing social tolerance, you will not be seen as a geek for raising an exotic pet. On the contrary, it has become a cool thing that has attracted more people.”

Background research

Given the rising popularity of exotic pets, experts are urging owners to conduct research on animals before buying them. Many have warned that some exotic pets may pose health risks because they can carry bacteria and parasites linked to infectious diseases. For example, some reptiles can transmit salmonellosis, whose symptoms include diarrhea, fever, abdominal cramps and vomiting.

“The old, young and people with weakened immune systems are more likely to develop severe illnesses. In some serious cases, people can die from the infection,” said Zou Qiangjun from the Beijing Aquatic Wild Animals Rescue and Care Center.

He said that in recent years, the center has received reports of pets, including snapping turtles and giant salamanders, being bred in captivity and then abandoned.

In 2012 and 2015, the center rescued two 1-meter-long Siamese crocodiles that had been abandoned in a river and on a golf course. When experts examined the crocodiles, they discovered that the reptiles had been bred in captivity.

According to a report by World Animal Protection, nearly 50 percent of first-time buyers “hardly take any time” to learn about their animals.

“They lack enough knowledge and preparation to raise wild species at home. Some young wildlife might be cute and suitable for keeping at home, but things may go beyond people’s expectations,” Zou said.

“Wild animals belong in the wild. The best thing we can do for them is to respect their original conditions and leave them in the wild.”

The concept has three underlining philosophies: Grow, a master plan for sustainable development; Flow, the building of society and experience in every dimension of quality; Joy, the elevation of living standard for happiness and peace of mind. The three elements are embedded in the group’s residential development and service innovation and provide a solid foundation for setting new standards for quality of life in accordance with the AP World vision.

Vittakarn Chandavimol, chief of corporate strategy and creation for AP Thailand Group, says that of the key philosophies for quality of life, Grow is the master plan for sustainable development. It is a design to achieve good physical and mental health from the inside to the outside. It involves developing green areas, conservation of the environment and moving into the future steadily.

“One of our Grow efforts is the saving of big trees on the Rhythm Ekkamai Estate. Another project is a collaboration between AP Academy and BIG Trees Project and Thailand Urban Tree Network to design a special course for tree management in housing projects.

“Meanwhile Joy means the joy of living and involves having peace of mind and family security with Katsan service innovation, which acts as your personal guardian 24 hours a day and Homewiser, which acts as your home expert complete with a maintenance concept and a design of life space for every family member. Flow aims to build a community of sharing and trust through our service innovation. We are looking to build an ecosystem for a quality society and are working with Denmark’s leading furniture brand HAY to offer a sharing community in AP projects.

“The event AP World is our first showcase of the quality of life and we took over five years to prepare it.”

As for the highlights at AP World, AP Thailand Group has collaborated with Kondo, a progressive architect from Japan who is known for a distinguishing design concept that focuses on how human beings live their lives. Kondo connected architecture with surrounding elements, whether it be climate, history, culture or the environment, to make the AP World Pavilion a unique showcase of sustainable living in the future, Vittakarn says.

Kondo has designed the marquee to be different from other pavilions or show booths held here, which are exposed to the sunshine and have crowds of visitors walking by from Paragon Shopping Centre and Siam Centre. AP Pavilion is not afraid of the heat, the Pavilion is transparent in four sides of the wall and on the roof. However, visitor inside the Pavilion doesn’t feel hot as would be expected. It is like the indoors with air-conditioned temperatures.

Kondo says that after the AP people told him about the AP World philosophy of Grow, Flow and Joy, it reminded him of the idea of sustainability or sharing community. So he designed the Pavilion to reflects Bangkok’s real hot temperature and at the same time interact with people who visit inside the Pavilion and also passers-by.

The architect also brings an aluminium balloon floating on the ceiling, which is not just for decoration but it’s an item that reflects the sunlight heat. And it also reflects things happening inside.

“Up there it is hot but down here the temperature is normal and it’s a cool breeze with help from air-conditioning,” says the architect.

Throughout the seven days of AP World, there are many activities, including the presentation of service innovation and services that improve the quality of life from five AP businesses: BC, Smart, SEAC, Vaari and Claymore.

“These businesses aim to bring about an ideal world of living where every space is designed with a deep understanding of customers together with modern innovation,” Vittakarn says.

“Kondo is distinguished for his experimental approach to art, focusing on making art pieces interact with audiences. His design concepts focus on how humans live their lives. Kondo connected architecture with surrounding elements, whether it be climate, history, culture or the environment, to make AP World Pavilion a unique showcase of sustainable living in the future.

“He wants and hopes to design a future that has no boundary between architecture and human and the environment.”

One of his masterpieces was a collaboration with Transsolar, a world-class climate engineering company. Called “Cloudscapes”, it was an installation art that made you feel like you are walking up the stairs and vanishing into a white cloud. The piece was shown at Venice Architecture Biennale 2010.

“We use the real cloud in the air and it was made from water, floating with 1.5-metre thickness and people can feel the feeling differently when they were below the cloud, in the cloud and above the cloud,” says Kondo.

Another of his works that is well known both in Japan and in the international art community is “A Path in the Forest” – the installation in the forest of Estonia 10 years ago. A sequel to his Venice showcase, the work further reinforces the underlining concept that there must be no boundary in his architecture by designing a white steel walkway curvy narrow, thin, fastened to trees in the forest by belts only. Apart from leaving existing threes intact, it gives the most delicate touch to the old natural setting.

Kondo says that the idea is to bring people in harmony with nature, history and the environment, which is his interest in creating art works.

When asking about his idea in quality of living, the Japanese architect says that he doesn’t limit his work to short term happiness.

“There are many things when talking about the quality of living. But one thing you should think about is our life in a longer phase, and not concentrate just in the next in five years. We also have to think one hundred years ahead that we can’t avoid thinking about how to live with nature as for the human being. We should think about the environment and that is what I am trying to do as an architect as well,” he says.

As an architect, Kondo’s philosophy in work thus is the connecting of everything from human beings to nature, history and culture.

“For me, the environment doesn’t mean only climate change but it means everything from nature, human beings, temperature, light, culture and history. As an architect I try to find ways to make the architecture in having a good relationship between environment,” he says.

After graduating from the National Institute of Technology in 1999, Kondo began his career as an architect at Kazuyo Sejima and Associates SANAA, a leading architectural firm. He also lectures at Tokyo University of Science and Keto University.

This year, runners can choose to “make a difference” by joining either the Park Run event or the Virtual Park Run. All proceeds will go to support the cost of surgery for young patients with heart diseases.

“For the last 10 years, TMB has partnered with ING for the Parkrun and for the last 5 years, the objective of this event has been on encouraging runners and donors to support surgery costs through purchasing tickets and donating money to help kids with heart problems. Each year, more than 7,500 children are born with heart conditions and are waiting for surgery. Today, as always, there are many patients waiting for help under the care of the Cardiac Children Foundation of Thailand under the royal patronage of HRH Princess Galyani Vadhana,” said Piti Tantakasem, chief executive of TMB, adding that the event has raised funds to save more than 1,200 youngsters.

“As a representative of ING, I’m proud to be a part of this project and I want to invite everyone to join. The public can join the event in different ways, from buying a ticket to join the Park Run to run at the event, or trying the Virtual Park Run. Donors can also take part in the #GoodForHeart activity,” said Eileen Lau, managing director and head of Corporate Communications, ING Bank Asia.

The Park Run will be held on December 15 and participants will run through three beautiful parks, Chatuchak Park, Queen Sirikit Park, and Vachirabenjatas Park (Suan Rot Fai), in the heart of Bangkok. There are three distances available: 2.6 km, 5.2 km, and 10.5 km.”

The Virtual Park Run allows runners to run at any park and at any time between November 15 and December 15. TMB will donate an additional Bt1 million if the accumulated running distance of the participating Virtual Park Runners exceeds 100,000 km. Participating runners will receive a medal posted to them after the event.

Tickets for both running categories are available from today at https://parkrun.tmbfoundation.or.th for Bt600. All ticket holders will a light-weight, comfortable and ecofriendly zeroH2O running shirt. The shirts will be sent via post. Those who wish to donate money can do so via the website.

Runners and donors will receive a receipt via email which can be used for tax deduction.

For more information, visit https://parkrun.tmbfoundation.or.th, contact (085) 567 389, LINE@ : @tmbingparkrun and Email tmbingparkrun2019@gmail.com.