The Business Times, 27 April 2013
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2013-04-27
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The Business Times
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Title Section20 2013-04-27 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g APRIL 27-28, 2013 S$1.00 MICA (P) 075/08/2012 SfJl A SINGAPORE PRESS HOLDINGS PUBLICATION20 words
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Article23 2013-04-27 1 MANUFACTURING SINGAPORE’S manufacturers disappointed in March churning out 4.1 per cent less than they did a year ago. 223 words
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34 2013-04-27 1 COOLING PRIVATE home prices in the first quarter rose just 0.6 per cent from the previous quarter, compared with the 1.8 per cent increase in Q4 2012.| 434 words
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Article33 2013-04-27 1 US ECONOMY US GDP expanded at 2.5 per cent annual rate in the first quarter but the increase missed economists’ expectations for a 3.0 per cent pace. 733 words
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27 2013-04-27 1 EARNINGS CAPITALAND net profit for its first quarter surged 41.2 per cent to $188.2 million from $133.2 million a year ago.| 1327 words
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642 2013-04-27 1 Kenneth Lim - Minimum initial listing fee to double to $100,000; annual fee also set to rise By Kenneth Lim kenlim@sph.com.sg Singapore COMPANIES seeking an initial public offering (IPO) on the mainboard will face double the minimum entrance fee from July, Singapore Exchange (SGX) announced late642 words
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Article, Illustration1213 2013-04-27 1 Shu-Ching Jean Chen - Workers in no mood to relent, but raising wages will hike costs, hurt DPU and hit a port that’s in slow decline By Shu-Ching Jean Chen btworld@sph.com.sg Hong Kong THE container port in Hong Kong, the world’s third largest, has been running a tightPHOTO: REUTERS - 1,213 words
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Page 1 Advertisements
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Advertisement11 2013-04-27 1 sag V, m Wj RAFFLES CONVERSATION Acting Manpower Minister TanChuan-Jin 8-1011 words
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Advertisement29 2013-04-27 1 WEALTH Dividends do grow faster than inflation 32 DESTINATION DINING Hidden delights in Tokyo L9-11 MOTORING Audi S3: All-new and faster L19 LIVING New trend in work spaces L2-429 words
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TOP STORIES
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752 2013-04-27 2 Teh Shi Ning - Pharmaceutical sector rebounds; analyst says worst may be over for electronics By Teh Shi Ning tshining@sph.com.sg Singapore SINGAPORE’S manufacturers disappointed in March churning out 4.1 per cent less than they did a year ago and a marginal downward revision to the flash estimate of752 words
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MARKETS
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Article57 2013-04-27 2 GSTI 3,348.87(+11.16) GSTI FUTURES 3,337.00 (+14.00) GSIMSCI 379.45 (+1.49) GSIMSCI FUTURES 379.00 (+2.50) Friday Change KL COMP 1,711.29 +4.95 NIKKEI 225 13,884.13 -14.41 HANG SENG 22,547.71 +146.47 SET 1,582.93 +8.68 JAKARTA 4,978.51 -16.02 MANILA 7,025.44 +29.98 KOSPI 1,944.56 -7.04 SHENZHEN B 810.55 -4.19 MUMBAI IND 19,286.72 -120.13 12noon EDT57 words
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Article29 2013-04-27 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.243 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.45 Source: Bloomberg29 words
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Article48 2013-04-27 2 US$ S$ US$ (S$ per US$) 1.237 (US$/S$ per 1.545 1.912 EURO(US$/S$/€ 1.304 1.613 Foreign currency per US$ S$ YEN 98.60 79.70 RM 3.032 2.450 HK$ 7.764 6.274 BAHT 29.42 23.77 RUPIAH 9,722 7,856 RENMINBI 6.166 4.983 INDIAN RUPEE 54.28 43.86 A$ 0.971 0.785 NZ$ 1.173 0.94848 words
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815 2013-04-27 3 Michelle Quah - Court of Appeal rules that value of vacant land not affected by pre-sales By Michelle Quah michquah@sph.com.sg Singapore IN A landmark decision yesterday, Singapore’s Court of Appeal has ruled that the annual value of vacant land here ought to be assessed according to815 words
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958 2013-04-27 4 Kalpana Rashiwala - But prices in the industrial, office and shop segments surge By Kalpana Rashiwala kalpana@sph.com.sg Singapore PRIVATE home prices in the first quarter rose just 0.6 per cent from the previous quarter, compared with the 1.8 per cent increase in Q4 2012.958 words
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570 2013-04-27 4 Kalpana Rashiwala - Office rental index drop little changed at 0.2% in Q1 JLL says this suggests an inflection point is near in the leasing market By Kalpana Rashiwala kalpana@sph.com.sg Singapore URBAN Redevelopment Authority (URA) data show an uptick in570 words
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620 2013-04-27 6 Anthony Rowley - BOJ acknowledges strict 2% inflation target might take longer than two years to achieve By Anthony Rowley btworld@sph.com.sg Tokyo THE YEN backed away yet again yesterday from the elusive 100 to the dollar mark after the Bank of Japan’s (BOJ) Policy620 words
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Article, Illustration805 2013-04-27 6 S Jayasankaran - She faces the federal territories minister in May 5 M’sia elections By S Jayasankaran btwor|d@sph.com.sg Kuala Lumpur AROUND 30 people crowd into a first-floor dining area in a restaurant in Bangsar Village, an upscale mall in the Lembah Pantai constituency of Kuala Lumpur.PHOTO: THE STAR - 805 words
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498 2013-04-27 7 Consumer spending surges 3.2%, but at the expense of saving LATEST US DATA Reuters Bloomberg Washington US economic growth regained speed in the first quarter, but not as much as expected, which could heighten fears that the already weakening economy couldReuters; Bloomberg - 498 words
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Page 2 Advertisements
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Advertisement59 2013-04-27 2 CONTENTS NEWS Top Stories 2-7 Raffles Conversation 8-10 Week In Review 11 Companies 12-15 From the Desk of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-35 Show Me The Money 32 Househunt 34 LIVING Design L2-4 Style L5-7 Dining L8, 12-14 Destination Dining L9-11 Gadgets L1559 words
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Page 3 Advertisements
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Advertisement110 2013-04-27 3 11*1 >c ZHONGMIN BAIHUI RETAIL GROUP LTD. Zhongmin Baihui Retail Group Ltd ELM -Mas j i ■'iiv«rfi r We are pleased The Opening of Our 10th Department Store On 28 April 2013 Our store is located adjacent to Kaiyuan Temple (tourist hotspot) in Quanzhou City, Fujian Province With an aggregate110 words
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Page 5 Miscellaneous
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Miscellaneous70 2013-04-27 5 SINGAPORE —SWEEP— 1 ST PRIZE $2,300,000 2 nd PRIZE $500,000 3 BD PRIZE $250,000 9 sets of 2D prizes Prize arr >ounl and s Prize amount Ml W* P Hasa Draw nu. 05/2013 A 0D $3 a *0»to H*****40 May 2013 Mac* WW 2013^5fl1 DRAW ON WEDNESDAY, 1 MAY 201370 words
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Miscellaneous30 2013-04-27 5 JACKPOT Estimated Draw on Mon, 29 Apr 2013 at 6.30pm For details, visit www.singaporepools.com.sg Ip yA Always play with care, [responsibly) Do not bet illegally. RGB Reg No: *****0202G SINGAPORE30 words
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Page 6 Advertisements
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Advertisement53 2013-04-27 6 f j c a \e Chemical Blending FactoryWp?2 t 'fJTCj Land: .53,820.'sTft with 37- r years r lease JRurpose] Built TsTstoreys' building‘59,255 sifft JERRY LUM Snr Marketing Director, MBA, CES CEA Licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg ERA Estate Agent Licence No L*****82K When You Buy,53 words
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Advertisement33 2013-04-27 6 Stocks simple profit Track bankers,follow trend HomilySoftware for Phon Free Now scan QR I 1 1 search 'Homily 7 in store Key URL in Chrome or Safari Shortcut URL: http://ezkey.in y *****752 www.C3pitalmaster.com.sg33 words
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Page 7 Advertisements
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Advertisement102 2013-04-27 7 fa '911 Tsinghua University &ic u (iSfflWM: 2IIB!(iSJ|-20l4!|i|llJ|) -®T f PIC if M 60% PIC BONUS $15,000 •m l*l¥r9*JS m.mu>i WfT&tf; IfeftCOTl Fi&HiNk«3«£*n6(l£ Sr ESyutiiura mm i'-i H'Vtmmm h -zu V V-^-^1 >> i»s KKMrassnnrannBMi RAFFLES BUSINESS INSTITUTE Tt#Bfe M&A K, tE5-8WjHt(Bl»JfiJS3-5^5 m. m±, life, ifiMft/tllll5*A)]*, K i$3cA, -#feiT>! &\K-m102 words
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THE RAFFLES CONVERSATION
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Article, Illustration4247 2013-04-27 8 / 9 Wong Wei Kong - Acting Manpower Minister Tan Chuan-Jin believes in having the right purpose and values in his work and personal life. By Wong Wei Kong By Wong Wei Kong weikong@sph.com.sg HE WRITES about the model plane that he would never finish, about the anxiety of sending a childPHOTO: ARTHUR LEE; ST FILE PHOTO - 4,247 words
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WEEK IN REVIEW
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THIS WEEK April 22-26, 2013
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63 2013-04-27 11 ENTRY-LEVEL salaries for Singaporeans have been stagnant over the past five years and this cannot continue, Acting Manpower Minister Tan Chuan-Jin told BT. This is why the government will be raising the minimum salary at which foreign professionals, managers and executives can secure employment63 words
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56 2013-04-27 11 THE endorsement of Japan’s massive monetary easing by the Group of Twenty finance ministers meeting in Washington at the weekend has opened the way for Prime Minister Shinzo Abe to move on to the next stage of his “Abenomics” agenda and for the56 words
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40 2013-04-27 11 THE bitcoin gold rush is trickling into Singapore. In local forums and exchanges, prospectors are panning for wealth offered by the virtual currency created by an anonymous programmer four years ago.40 words
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Article, Illustration101 2013-04-27 11 INDONESIA and Singapore have agreed to work together to institutionalise their cooperation such that the work done by both sides over the years will carry on even after Indonesian President Susilo Bambang Yudhoyono steps down next year. Speaking to the media af-PHOTO: THE STRAITS TIMES - 101 words
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40 2013-04-27 11 AFTER six months of suspense, Tiger Airways has finally got the green light to sell 60 per cent of its loss-making Tiger Australia to Brisbane-based Virgin Australia for A$35 million (S$44.5 million).40 words
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Article37 2013-04-27 11 IN a sign that China is heading for stagnant growth in the second quarter, advance indications show growth in its manufacturing sector fell this month, dragged down by new export orders.37 words
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37 2013-04-27 11 SINGTEL 4G coverage is now nationwide and faster in some places, but while more expensive charges for users exceeding their data bundles will not kick in immediately, these higher rates loom closer.37 words
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47 2013-04-27 11 CONTRARY to speculation, banks have only a very tiny exposure to used car dealers, the Monetary Authority of Singapore has clarified. None of the key players has an exposure exceeding one per cent of their non-bank loan portfolio.47 words
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43 2013-04-27 11 PLUNGING car prices drove Singapore’s inflation rate down to 3.5 per cent last month the lowest it has been in more than two years. It is expected to fall further, possibly to 2 per cent, this month.43 words
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30 2013-04-27 11 THE Media Development Authority has ordered SingTel’s mioTV to share all BPL matches over the next three seasons with its rival StarHub.30 words
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30 2013-04-27 11 SIA said it is buying another 9.9 per cent of Virgin Australia, raising its interest in the Brisbane-based airline to 19.9 per cent.30 words
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47 2013-04-27 11 IN a tacit nod to the criticism levelled against it by research firm Muddy Waters, Olam International yesterday unveiled plans to generate free cashflow more quickly, re- duce its gearing and capital expenditure and to make its business less complex.47 words
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39 2013-04-27 11 FACED with limited opportunities for growth in the region, United Overseas Bank may look for acquisitions in Australia and Hong Kong, said Wee Cho Yaw, the bank’s new-ly-installed chairman emeritus.39 words
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72 2013-04-27 11 WITH less than three years to go before South-east Asia is due to weld itself into a unified economic entity, Asean is facing a race against time to iron out the outstanding issues still on the discussion table. And until the 10member72 words
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Article88 2013-04-27 11 NEXT WEEK April 29 May 3 US DATA April 29 Personal income and outlays for March May 1 ISM manufacturing index for April May 2 International trade for March May3 Employment situation for April EVENTS April 29 SINGAPORE Release of International Monetary Fund Asia and Pacific Regional Economic Outlook May88 words
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Page 11 Miscellaneous
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Miscellaneous298 2013-04-27 11 Across 1 Feeling guilty, has made blunders (7) 5 Dish of caviare that one is greedy to have (7) 9 Dispatched to the interior? (5) 10 Parisian summit conference (4-1-4) 11 In the sphere of misdeeds this is a record (5,5) 12 Headlong plunge into disreputable bar (4) 14 It298 words
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Miscellaneous14 2013-04-27 11 SATURDAY with Ludwig ‘The meaning of Life Check me out I’m on Facebook lol14 words
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COMPANIES
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531 2013-04-27 12 Lynn Kan - But there are signs of a pick-up in orders with deals secured for 8 vessels totalling US$237m By Lynn Kan lynnkan@sph.com.sg Singapore A TERMINATED contract for a US$47 million container ship and fewer ships being built in the first quarter led to Yangzijiang Shipbuilding’s531 words
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410 2013-04-27 12 Teh Shi Ning - By Teh Shi Ning tshining@sph.com.sg Singapore THE financial adviser for Aussino Group thinks that the company should voluntarily withdraw its application for a controversial $70 million reverse takeover (RTO) of the energy business of Max Myanmar group, owned by Myanmar tycoon Zaw Zaw.410 words
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316 2013-04-27 12 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg Singapore CDL Hospitality Trusts’ (CDLHT) income available for distribution per stapled security fell 3.2 per cent year-on-year to 2.69 cents for the first quarter ended March 31, 2013, down from 2.78 cents. CDLHT comprises CDL Hospitality Real Estate Investment Trust316 words
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333 2013-04-27 12 Mindy Tan - By Mindy Tan tanmindy@sph.com.sg Singapore STARHILL Global Reit has reported a 28 per cent year-on-year rise in its distribution per unit (DPU) to 1.37 cents for the quarter ended March 31, 2013. This DPU payout includes accumulated rental arrears333 words
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Article, Illustration712 2013-04-27 13 Felda Chay - Revenue up 3.2% to $661.9m; group sees residential property prices moderating further By Felda Chay feldac@sph.com.sg Singapore CAPITALAND said yesterday that it expects residential property prices here to moderate further on the back of the government’s focus on keeping prices in check and as712 words
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426 2013-04-27 13 Felda Chay - By Felda Chay feldac@sph.com.sg Singapore ASCOTT Residence Trust’s distribution per unit for the first quarter rose 5 per cent to 2.25 cents from 2.14 cents a year ago, despite drop in revenue and profit. The manager of the real estate426 words
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366 2013-04-27 13 Mindy Tan - By Mindy Tan tanmindy@sph.com.sg Singapore ASCENDAS India Trust recorded a distribution per unit (income available for distribution) of 1.15 cents for the fourth quarter ended March, down 21 per cent year-on-year. DPU (income to be distributed), however, was 1.04 cents,366 words
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Article, Illustration591 2013-04-27 14 R Sivanithy - STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent JUDGING by the way equities continued to rise this week, it looks very much as if central bank liquidity pumping continues to trump doubts created by an uncertain economic and earnings outlook. This was very much the591 words
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259 2013-04-27 14 Jasmine Ng - By Jasmine Ng jasng@sph.com.sg Singapore OFFICE landlord Singapore Land and its parent company United Industrial Corporation (UIC) have reported declines in their first-quarter net earnings, weighed down by lower trading property sales. For the three months ended March this year, SingLand said its net259 words
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Article62 2013-04-27 14 BY CENTS CLOSE UP GLD 10US$ ***** 215.3 1.2 DBXT E50 10US$ 4170 61.9 1.2 UOB.ES.1304 2102 51.0 2.5 DBXT FTVietnam 10US$ 2358 40.8 1.4 DBXT FTChina25 10US$ 2830 33.4 1.0 IS MSCI Spore 1420 32.2 1.9 JMH 6576 29.7 0.4 DBS Bk 4.7% NCPS 100 ***** 29.062 words
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Article56 2013-04-27 14 BY CENTS CLOSEDOWN Jardine C&C 4914 -98.0 -2.0 JSH 3871 -50.7 -1.0 DairyFarm 1201 -22.3 -1.5 UOB 5.05%NCPS 100 ***** -15.0 -0.1 IS ASIA HYG100US$ 1110 -14.9 -1.1 Lyxor China H 10US$ 1390 -12.4 -0.7 CityDev NCCPS 130.5 -10.0 -7.1 M1 317 -10.0 -3.1 UOL 698 -10.0 -1.456 words
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215 2013-04-27 14 Cai Haoxiang - By Cai Haoxiang haoxiang@sph.com.sg Singapore TECHNOLOGY, motor and property group WBL Corporation, the subject of a takeover bid by United Engineers (UE), said it expects to report a loss for its second quarter ended March 31, 2013. This is due to lower than215 words
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152 2013-04-27 14 Carine Lee - By Carine Lee carinel@sph.com.sg Singapore TIANJIN ZhongXin Pharmaceutical Group’s net profit for the first quarter ended March 31, 2013, fell 20 per cent year on year to 118.47 million yuan (S$23.7 million) despite a 17 per cent increase in turnover to 1.45 billion152 words
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Article234 2013-04-27 14 VOL CLOSE GblYe l l owPgs 1 58 891 9 .8 1 .4 16 .7 S i ngHaiyi 1 23 16.7 465 3 .4 0 .0 0 .0 WE Hldgs 75 WE Hldgs 302 10 0 .0 0 .0 Lorenzo 72 Lorenzo 015 1 4 .5 0234 words
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Article112 2013-04-27 14 Stock name Close Change CapMallsAsia 2.070 +0.030 CapitaLand 3.650 +0.070 CapitaMall 2.340 +0.070 CityDev 11.34 +0.030 ComfortDelGro 1.950 +0.015 DBS Grp 16.22 +0.040 GLP 2.750 Genting SP 1.520 +0.040 Golden Agri 0.565 HK Land 7.300 -0.070 HPH Trust US$ 0.840 +0.005 JMH 65.76 +0.240 JSH 38.71 -0.410 Jardine112 words
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Article, Illustration677 2013-04-27 15 Andrea Soh - But many are concerned about impact on short-term earnings; critics continue to hit out By Andrea Soh sandrea@sph.com.sg Singapore ANALYSTS yesterday welcomed Olam’s new strategy and said it is a step in the right direction, even as the company’s critics continue to bear down onSource: Bloomberg - 677 words
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507 2013-04-27 15 Ronnie Lim - By Ronnie Lim ronnie@sph.com.sg Singapore SEMBCORP is eyeing opportunities to build on its Indian power business. Having already established a footing with its 49 per cent interest in the $1.9 billion Thermal Powertech coal-fired power facility in Andhra Pradesh, it is now looking at507 words
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Article376 2013-04-27 15 Cai Haoxiang - By Cai Haoxiang haoxiang@sph.com.sg Singapore JET fuel trader China Aviation Oil Singapore (CAO) reported a record quarterly net profit of US$21.5 million for its first quarter ended March 31, 2013, up 5.3 per cent from the same period a year ago. This was mainly376 words
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Page 13 Advertisements
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Advertisement74 2013-04-27 13 "Perk PREVIEW LAUNCH JOHOR BAHRU, ISKWDAR 39-Storey Iconic Freehold Luxurious Residence Full Facilities including Sky Terraces SOM infinity Pool 2/3 brm and 4 brm Sky Villas with Sky Patios Direct access to Tebrau/North-South/ —r EDL Highways Jin Tampoi. 60% SOLD Newly Proposed MRT and #T PREVIEW Transportation Hub JB Central74 words
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FROM THE DESK OF
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Article, Illustration1131 2013-04-27 16 Cheong Hai Poh - Collective action by the industry will help encourage a change in mindset to create greater pride and passion in staff and attracting talent FROM THE DESK OF Cheong Hai Poh President, Food Beverage Managers Association; President, International Food Beverage Association THERE’S no denying that Singapore1,131 words
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SINGAPORE
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444 2013-04-27 17 Ng Sai Ying - It is calling a tender to explore the presence of aquifers and to study the possibility of tapping on this water source By Ng Sai Ying nsaiying@sph.com.sg NATIONAL water agency PUB is looking into the possibility of groundwater extraction to enhance the long-term sustainability of444 words
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270 2013-04-27 17 Grace Ng - By Grace Ng ngrace@sph.com.sg NG Yat Chung, group president and chief executive officer of Neptune Orient Lines Limited (NOL), has received the Outstanding Service Award from the National University of Singapore (NUS). Presented at NUS’ University Awards 2013 ceremony yesterday, the award recognises270 words
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383 2013-04-27 17 Maria Mala Yogalingam - By Maria Mala Yogalingam ymaria@sph.com.sg THE ChildAid charity concert, organised by The Straits Times and The Business Times, returns for a ninth year on Dec 6 and 7. Organisers are looking for talented youngsters aged between six and 19 years to sing, dance, play383 words
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310 2013-04-27 17 Ng Zhuo Yang - By Ng Zhuo Yang ngzy@sph.com.sg CANCER patients who live in the east will no longer need to make frequent, tiring trips to the flagship facility of the National Cancer Centre Singapore (NCCS) situated at Singapore General Hospital (SGH). This is310 words
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620 2013-04-27 18 Grace Leong - High Court says defence preparations should not be a test of memory given the complexity of the case By Grace Leong gleong@sph.com.sg THE Singapore High Court allowed the three directors of Profitable Plots access to their own documents that were seized in a 2010620 words
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Article, Illustration626 2013-04-27 18 Teo Si Jia - By Teo Si Jia teosj@sph.com.sg A GROUP of lawyers from TSMP Law Corporation, novice cyclists who rode 39 km in last year’s OCBC Cycle Singapore to raise funds for charity, had one takeaway from that: It is about having the stamina to go the626 words
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288 2013-04-27 18 Jasmine Ng - By Jasmine Ng jasng@sph.com.sg MORE businesses are hopping on the bandwagon to tout their family-friendly policies. The biennial We Welcome Families awards, which recognise firms with outstanding family-friendly practices for their customers, have seen an increase in nominations submitted by businesses for the awards.288 words
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WORLD
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Article, Illustration390 2013-04-27 19 Ronnie Lim - Turnaround comes after losses in previous quarter and in Q1 201 2 By Ronnie Lim ronnie@sph.com.sg Singapore FINNISH refiner Neste Oil appears to have turned the corner with its biofuels after having been in the red the last couple of years in itsPHOTO: ARTHUR LEE - 390 words
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Article, Illustration448 2013-04-27 19 AFP Shanghai CHINA is seeking more balanced trade with France and is willing to buy more French products, Premier Li Keqiang was quoted as telling visiting French President Francois Hollande. Mr Hollande was on the second day of a two-day visit toAFP; PHOTO: AFP - 448 words
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Briefing
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115 2013-04-27 19 Reuters Seoul South Korea has decided to withdraw all remaining staff from its joint industrial complex with North Korea for their own safety, after Pyongyang shunned an offer of formal talks. It is unclear how Seoul plans to implement its decision,Reuters - 115 words
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107 2013-04-27 19 Reuters New York US investors are putting more money into overseas funds that invest in offices, malls and apartment complexes than they have in six years. Attracted by potentially higher returns, investors moved US$2.6 billion into mutual funds and exchange-trad-ed funds that primarily investReuters - 107 words
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71 2013-04-27 19 AFP Seoul The two candidates from Asia in the race to lead the World Trade Organization have failed to make it to the final round. South Korea and Indonesia yesterday announced that former trade ministers Bark Tae Ho and Mari PangestuAFP - 71 words
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87 2013-04-27 19 AFP Tokyo China has cancelled a top annual finance meeting with Japan and South Korea amid simmering diplomatic tensions. An official with the Japanese finance ministry told AFP that “China has informed us that the meeting won’t be held” on the sidelinesAFP - 87 words
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Article, Illustration951 2013-04-27 20 At a time when many lenders are reporting higher earnings, the layoffs are unsettling to an entire industry AP New York BANKS aren’t the big jobs machines they used to be. One after another, major financial firms are trimming their payrolls. In first-quarter earningsAP; PHOTO: REUTERS - 951 words
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Article, Illustration724 2013-04-27 21 Internet giant is selling less physical stuff now but is becoming more active in digital world Reuters New York AMAZON.COM Inc appears to have figured out the secret to being more profitable: sell less physical stuff. The company reported slowing revenue growth andReuters; PHOTO: BLOOMBERG - 724 words
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583 2013-04-27 21 AP Beijing CHINESE authorities have sentenced more than 1,400 people to prison terms of at least five years for involvement in underground lending in a crackdown on a financing practice widely used by China’s entrepreneurs, a police official said yesterday. The 1,449AP - 583 words
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521 2013-04-27 22 It says Washington pressed Beijing to liberalise economy, but ‘what has been preached to us is not always practised’ AFP Washington CHINA warned that the United States was turning away major investment from the growing Asian economy after several high-profile firms faced obstaclesAFP - 521 words
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Article, Illustration597 2013-04-27 22 AFP Seoul SAMSUNG yesterday released the latest version of its flagship Galaxy smartphone, as it announced record first-quarter profits driven by surging sales growth in its mobile division. The Galaxy S4, armed with eye motion control technology that will pause a video when the userAFP; PHOTO: AP - 597 words
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Page 20 Advertisements
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Advertisement248 2013-04-27 20 THE BUSINESS TIMES SATURDAY SPECIAL The best Sichuan dishes at half-price! Enjoy 50% off the Camphor Tea Smoked Duck and any dish in the Top 10 Menu Venue: Xiao La Jiao Sichuan Cuisine, 112 Katong, #03-05, Tel: *****736 Website: http://www.xiaolajiao.com.sg Terms Conditions Promotion valid till May 12, 2013 (No minimum248 words
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Page 22 Advertisements
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Advertisement70 2013-04-27 22 I looking for a Platform to showcase your Maternity or BaBy related ProDucts/services? 2013 d V a The Marketplace for New Expecting Parents 12-14 JU|y 2013 Singapore expo Great reals! Exciting programs! Reach out to more than 8o,ooo parents! BOOKj NOW! Limit ec Booths avanaBle! For more information, please email70 words
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Article8133 2013-04-27 23 Transaction date: Apr 26 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15 11.4 8Telecom 13.4xd -0.1 90 13.5 13.4 13 13.5 10.6 0.8 11.1 64.2 5.3 3 A-Sonic 3.7 3.7 4.4 3.5 26.58,133 words
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Article1821 2013-04-27 26 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21.5 15 t 800 Super 19.3 19.1 21 3.3 5.2 5.8 34.5 6.2 2.8 t AA Grp 4.1 3.8 205 3.9 45.5 17.2 t APStrategic1,821 words
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Article186 2013-04-27 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 6 3 0 0 0 7 6 3 Manufacturing 68 39 42 10 5 9 78 44 51 Commerce 25 22 15 4 3 6 29 25 21 Tpt/Stor/Comms 16 15 9186 words
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Article795 2013-04-27 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Apr 22 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) UOB-Kay Hian 25-Apr-13 K.I.P. Inc *Buy 50 1.71 ***** 5.61 ***** 5.62 UOB-Kay Hian 25-Apr-13 Wee Ee795 words
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Article123 2013-04-27 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 29,413 29,413 105,189 105,189 Manufacturing 504,101 222,680 726,781 234,114 10,493 244,607 Commerce 82,713 92,871 175,584 100,535 9,140 109,676 Tpt/Stor/Comms 98,399 4,937 103,336 158,157 1,956 160,113 Finance 77,753 238 77,991 164,679 113 164,792 Construction 101,692 41,301123 words
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MARKETS
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Article93 2013-04-27 27 Apr 25 COCOA (£/tonne) Close Prev High Low May 13 1551 1551 1565 1535 Jul 13 1555 1550 1563 1535 Sep 13 1561 1557 1567 1542 Dec 13 1560 1557 1568 1541 COFFEE(US$/tonne) Close Prev High Low May 13 1944 1952 1967 1939 Jul 13 1984 1991 2003 197693 words
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Article67 2013-04-27 27 Apr 26 GOLD(US$/oz) Apr 26 Apr 25 Hong Kong 1473.00 1453.50 Apr 25 Apr 24 London 1454.19 1424.02 1455.91 1425.08 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 30.63 29.74 Source: UOB PLATINUM Lon (US$/oz) Apr 25 Close Previous PM Fix 1454.00 1427.00 AM Fix 1445.00 1429.00 Source:67 words
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Article57 2013-04-27 27 Apr 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position May 13 2239.0 2301.0 2316.0 2239.0 191 2133 Jun 13 2325.0 2335.0 2354.0 2325.0 2855 ***** Jul 13 2310.0 2316.0 2334.0 2305.0 ***** ***** Aug 13 2300.0 2300.057 words
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Article82 2013-04-27 27 Apr 26 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 25-Jul-13 0.24 6-Month BS*****W 18-Oct-13 0.25 1-Year BY*****H 02-May-14 0.25 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 100.09 5-Year N*****0T 2.375 01-Apr-17 100.0782 words
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Article155 2013-04-27 27 Apr 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2739 1.2751 1.0297 1.0302 Canadian dollar 1.2123 1.2134 0.9804 0.9799 Euro 1.6127 1.6137 1.3035 1.3038 NZ dollar 1.0545 1.0551 0.8523 0.8525 Sterling pound 1.9111 1.9122 1.5447 1.5450155 words
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Article118 2013-04-27 27 Apr 26 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.304 1.242 Can dollar 1.236 1.189 Euro 1.647 1.569 Sterling pound 1.946 1.872 NZ dollar 1.078 1.037 US dollar 1.262 1.202 Local dollars to 100 units of foreign currency: Currencies Sell118 words
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Article104 2013-04-27 27 Apr 25 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 13 1423.50 1404.00 1424.75 1403.50 Jul 13 1372.25 1345.25 1373.75 1344.00 Aug 13 1308.75 1285.50 1310.00 1284.50 Sep 13 1242.75 1226.00 1243.75 1228.00 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low May 13 49.77 49.18 49.79104 words
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STOCK MARKETS
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Article, Illustration20 2013-04-27 27 YTD change: +5.74% 52-week high: 3,353.04 on April 26,2013 52-week low: 2,698.90 on June 4,2012 Source: BloombergSource: Bloomberg - 20 words
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Article, Illustration20 2013-04-27 27 YTD change: -0.48% 52-week high: 23,944.74 on Feb 4,2013 52-week low: 18,056.40 on June 4,2012 Source: BloombergSource: Bloomberg - 20 words
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Article, Illustration21 2013-04-27 27 YTD change: -4.02% 52-week high: 2,453.73 on May 4,2012 52-week low: 1,949.46 on Dec 4,2012 Source: BloombergSource: Bloomberg - 21 words
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Article, Illustration19 2013-04-27 27 YTD change: +33.56% 52-week high: 13,983.87 on April 26,2013 52-week low: 8,238.96 on June 4,2012 Source: BloombergSource: Bloomberg - 19 words
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Article, Illustration26 2013-04-27 27 YTD change: +12.18% 52-week high: 14,887.51 on April 11,2013 52-week low: 12,035.09 on June 4,2012 (Chart shows Thursday’s index closing) Source: BloombergSource: Bloomberg - 26 words
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Article68 2013-04-27 27 Apr 25 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 102.58 1.18 WTI (Near Mth) 93.17 1.57 Dubai (1-Mth F) 99.81 0.51 Tapis blend 105.52 0.72 Minas 101.02 0.72 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 91.94 1.22 Jet Kerosene 113.86 0.90 US$/barrel OpecOil Basket Price 99.8968 words
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Article71 2013-04-27 27 Apr 25 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1912.00 1880.75 3 months 1941.00 1911.00 Copper, Grade A (US$/tonne) Cash 7149.00 7000.75 3 months 7180.00 7030.00 Lead (US$/tonne) Cash 2056.25 2025.00 3 months 2076.50 2045.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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373 2013-04-27 27 In local curr In S$ In US$ dy yr dy yr dy yr Apr 25 Index Change Change Change Change Change Change World Preliminary 1046.9 0.6 11.6 0.4 10.8 0.7 9.2 EAFE Preliminary 876.3 0.4 13.1 0.4 9.3 0.8 7.8 Europe Preliminary 1234.0 0.4 7.6373 words
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PERSPECTIVE
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Article, Illustration1097 2013-04-27 28 / 29 Vijay Verghese - Mite is right. Online boutique buzz threatens the big boys. By Vijay Verghese ~Vijay Verghese is publisher of the online travel portal SmartTravelasia.com http://www.SmartT ravelAsia.com THERE comes a time in every man’s life when the call of adventure beckons, quickening the pulse and focusing the mind.PHOTO: BLOOMBERG - 1,097 words
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Article, Illustration396 2013-04-27 28 / 29 Christopher Swann, Edward Hadas - REUTERS BREAKINGVIEWS By Christopher Swann, Edward Hadas NEARLY five years after the collapse of Lehman Brothers, almost all rich countries are still in an economic funk. Wise advice is desperately needed. That’s an opportunity for the International Monetary Fund, but requires itPHOTO: REUTERS - 396 words
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Wealth
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WEALTH INVESTING
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Article, Illustration1160 2013-04-27 30 / 31 Sarah Max - They can now spend more time thinking about making wine and less time worrying about long-term budgets and marketing plans. By Sarah Max By Sarah Max NYT WHEN Ed Sbragia started Sbragia Family Vineyards, it was an accomplishment that was nearly a century in theNYT; PHOTO: JIM WILSON/THE NEW YORK TIMES - 1,160 words
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Article799 2013-04-27 30 / 31 Joyce Hooi - Compiled by Joyce Hooi Sheng Siong Group Hold DBS Group Research April 26 April 26 close: $0.70 Q1 2013 earnings came in at $10.5 million, 12 per cent above our $9.4 million estimate. The difference was mainly due to lower-than-expected operating costs. Operating costs were $29.6 million, 11799 words
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Article, Illustration1396 2013-04-27 32 Teh Hooi Ling - Same for the stocks if they have a strong franchise and are plugged into their markets’ economic growth SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent ~The writer is a CFA charterholder LAST month, at the Schroders’ Asia Media Conference, the firm’s1,396 words
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WEALTH REAL ESTATE
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Article842 2013-04-27 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN MARCH 27 AND APRIL 2, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 2 NON-LANDED Altez Apt 28/03/2013 99 1012 1992 1969 Altez Apt 02/04/2013 99 549 933 1699842 words
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Article, Illustration599 2013-04-27 35 Mindy Tan - Q1 also sees resale transactions falling 23% to 4,335, from 5,631 in Q4 last year; subletting deals up 1 5% By Mindy Tan tanmindy@sph.com.sg Singapore THE public housing market is showing signs of stabilising, with the lowest quarter-on-quarter price increase since theFILE PHOTO - 599 words
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Article, Illustration606 2013-04-27 35 Ng Zhuo Yang - By Ng Zhuo Yang ngzy@sph.com.sg Singapore NATIONAL Development Minister Khaw Boon Wan has reiterated that he wants to engineer a “soft landing” in the resale market for Housing Development Board (HDB) flats, and noted that recent cooling measures are taking effect,PHOTO: EDWARD TEO/THE STRAITS TIMES - 606 words
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Page 33 Advertisements
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Advertisement1060 2013-04-27 33 Advertisement A look at the fund markets in 2013 I m Building wealth is a dynamic process. Paul Stefansson, Head of Investment Funds, UBS Wealth Management Singapore, discusses some ways in which Asian investors may grow their wealth by the Core-Satellite strategy to manage funds in the current environment. In1,060 words
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Advertisement124 2013-04-27 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. AN EVOLUTION OF THE RULE BREAKING AUDEMARS PIQUET ROYAL OAK LUXURY SPORTS WATCH, THE ROYAL OAK OFFSHORE POSESSES A DRAMATIC AND PURPOSEFUL AESTHETIC THAT TURNS FUNCTIONAL ELEMENTS INTO ICONIC DESIGN FEATURES. AT 44 MILLIMETRES DIAMETER, THE OFFSHORE COMMANDS A UNIQUE PRESENCE,124 words
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Advertisement54 2013-04-27 1 LivingBTTHE BUSINESS TIMES WEEKEND APRIL 27 28, 2013 STYLE New grooming spots L5-7 DESTINATION DINING Hidden delights in Tokyo L9-11 CO-WORKING CAPITAL New trend in work spaces L2-4 GADGETS Order in the Galaxy L15 GOLF Getting a facelift L17 SPORTS Red Devils look beyond EPL L16 PHOTO: YEN MENG JIIN54 words
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BT Living
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DESIGN
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Article, Illustration2635 2013-04-27 2 / 3 Tay Suan Chiang - The trend for co-working spaces is growing, with more than 20 such outfits in S’pore. By Tay Suan Chiang taysc@sph.com.sg IN a conventional work scenario, you go to the office, you know exactly where you sit, who your colleagues are and of course, the fact that you’re allPHOTOS: YEN MENG JIIN, THE CO; PHOTOS: SAMUEL NG; JERALDINE PHNEAH; PHOTO: KENNEL; PHOTOS: KENNEL; PHOTOS: COWORK@SG - 2,635 words
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STYLE
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Article, Illustration2762 2013-04-27 5 Debbie Yong; Tan Teck Heng; Helmi Yusof - Specialised grooming services are taking off and BT Weekend checks out the places around town where you can indulge in a spot of pampering By Debbie Yong By Tan Teck Heng btnews@sph.com.sg By Helmi Yusof helmi@sph.com.sg PREP #03-34 Mandarin Gallery 333A Orchard Road Z6732-6123 www.prepyourhair.com THE blow-dryPHOTOS BY JOHN HENG; PHOTOS: TRUEFITT & HILL SINGAPORE - 2,762 words
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DINING
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Article, Illustration1129 2013-04-27 8 Jaime Ee - Jaime Ee rounds up the highlights of the World Gourmet Summit’s final week Jaime Ee jaime@sph.com.sg The soul of Parisian cuisine Yannick Alléno La Cantine AS the locavore movement takes hold in Paris with more chefs looking inwards to source produce as close to the FrenchPHOTOS: JAIME EE, AFP - 1,129 words
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Article, Illustration3825 2013-04-27 12 / 13 Debbie Yong; Sara Yap - Previously dotted with either cheap and good local hawkers or chi-chi Western restaurants, the twin dining enclaves of Keong Saik Road and Bukit Pasoh Road have recently started adding an affordable, global diversity of flavours to its mix. Debbie Yong flags new and noteworthy eateries to look outPHOTO: YEN MENG JIIN; PHOTO: OCA GRASSA; PHOTOS: JOHN HENG; PHOTOS: DEBBIE YONG; PHOTO: DEBBIE YONG; PHOTO: JOHN HENG - 3,825 words
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DESTINATION DINING
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Article, Illustration2273 2013-04-27 9 Jaime Ee - Far from the glaring lights of the Michelin and other restaurant guides, three Tokyo restaurants shine on their own terms. Jaime Ee seeks out these unsung talents Jaime Ee jaime@sph.com.sg Masaki Araiyakushimae (No English address available) Z+81-03-5380-6055 http://tabelog.com/tokyo/A1321/A*****4/*****766/ JUST when you think you will never understand the Japanese2,273 words
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GADGETS
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Article, Illustration531 2013-04-27 15 Christopher Lim - Samsung’s Galaxy S4 LTE offers a more practical option to the highfalutin wizardry of its rivals. By Christopher Lim limchris@sph.com.sg Samsung Galaxy S4 With LTE $998 without contract MANY anticipate new Samsung Galaxy phones with a fervour rivalled only by fans of Apple’s iPhone, and the531 words
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SPORTS
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Article, Illustration944 2013-04-27 16 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent SIXTEEN points clear at the top of the league table with four games still to play, Manchester United not only reclaimed the English Premier League trophy on Monday night with relative ease they did so inPHOTOS: AP, REUTERS - 944 words
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GOLF
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Article, Illustration1126 2013-04-27 17 Justine Moss - Raffles Country Club is laying down the foundation for a complete overhaul of its Palm course, which is 24 years old. By Justine Moss By Justine Moss btnews@sph.com.sg EVERY once in a while, in order to be sustainable, a golf course has to go through a tweak,PHOTO: RAFFLES COUNTRY CLUB - 1,126 words
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MOTORING
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Article, Illustration667 2013-04-27 18 Samuel Ee - Singapore may be a predominantly sedan market, but if anything can change that, it would have to be these two luxury hatchbacks. By Samuel Ee By Samuel Ee samuelee@sph.com.sg I F you’re looking for the sportiest small car with a three-pointed star, it has to be the new667 words
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Article, Illustration693 2013-04-27 19 Samuel Ee - The Audi S3 is all-new and even faster. By Samuel Ee samuelee@sph.com.sg IF small cars are fun, then small cars with big power must be even more so. A case in point is the new Audi S3 with a 2.0-litre turbocharged engine and quattro all-wheel-drive. ts four-cylinder unit693 words
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Article, Illustration506 2013-04-27 20 Samuel Ee - The Citroën DS4 is unusual for offering both automatic and manual gearbox options. By Samuel Ee THE car with a manual gearbox seems to be a slowly-dis-appearing automotive species here, found only among low-rent cars and a few high-er-end models, but nothing in between. Or so it seems.506 words
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Article, Illustration444 2013-04-27 20 Samuel Ee - By Samuel Ee samuelee@sph.com.sg WHEN the Citroën DS4 was introduced here more than a year ago, it came with a transmission that was unloved by everyone except the Europeans the clutchless manual gearbox. The EGS Electronic Gearbox System is an automated manual gearbox, one that does not require444 words
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Page 10 / 11 Advertisements
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Advertisement1006 2013-04-27 10 / 11 wine&dine with BTWeekend Atrium Lounge Café Mocha Marina Mandarin Singapore 6 Raffles Boulevard Level 1 and 4 (S) *****4 To Mum, With Love From May 1 to 30, 2013 Pamper mum at Atrium Lounge with a lovely three-tier high tea consisting of sweet treats like Chocolate Fudge Cake, Red Velvet1,006 words
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Page 15 Advertisements
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Advertisement262 2013-04-27 15 /f IK IIA -f HEART, STROKE CANCER CENTRE "A medical centre of Singapore Heart, Stroke and Cancer Centre preserving Health and Longevity V u Expertise in the Prevention, early Detection and Management of Heart disease, Stroke and Cancer Multi-disciplinary team of highly experienced specialists in various fields led by internationally262 words
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Page 16 Advertisements
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Advertisement25 2013-04-27 16 HOME NEEDS Beat the heat with new air-conditioners. To find out more, turn to CLASS 90 in CATS Classified in The Straits Times now. WATS25 words
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