The Business Times, 29 April 2013
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2013-04-29
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The Business Times
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Title Section25 2013-04-29 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Monday, April 29, 201325 words
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Article, Illustration1055 2013-04-29 1 SIOW LI SEN - They are rewarded for steering a steady ship while global bankers come under attack By SIOW LI SEN [SINGAPORE] Even as the salaries of global banking bosses face increasing resistance and scrutiny, the three local bank chiefs are almost in the1,055 words
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744 2013-04-29 1 VIRGINIE MANGIN - Index veteran recalls its humble start and discusses why it has become a vital tool By VIRGINIE MANGIN in Beijing WHEN Chris Williamson joined NTC Economics in 1996, which then became Markit Economics, it never struck him that he was joining a744 words
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MARKETS DIGEST
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Article57 2013-04-29 1 Weekly Change ST INDEX 3,348.87 +54.82 KL COMP 1,711.29 +5.01 NIKKEI 225 13,884.13 +567.65 HANG SENG 22,547.71 +534.14 SET INDEX 1,582.93 +37.47 JAKARTA COMP 4,978.51 -19.95 MANILA COMP 7,025.44 +68.34 SEOUL COMP 1,944.56 +37.81 SHENZHEN B 810.55 -15.30 MUMBAI IND 19,286.72 +270.26 DOW 14,712.55 +165.04 NASDAQ 3,279.26 +73.20 S&P57 words
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Article20 2013-04-29 1 SINGAPORE 5.38 HONG KONG 6.55 INDONESIA 5.00 TAIWAN 13.243 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN Source: Bloomberg20 words
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Article49 2013-04-29 1 US$ S$ US$ (S$ per US$) 1.237 (US$/S$ per 1.545 1.912 EURO (US$/S$/E) 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 0.94849 words
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Page 1 Advertisements
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Advertisement63 2013-04-29 1 DINING OUT Thumbs up to pared-down Italian PAGE 23 VIEWS FROM THE TOP Adapt to advance PAGE 11 FOCUS Japan means business PAGE 20 BizIT Windows, calling Android PAGE 29 0, o o. b* V V OY 0 B OYSTER PERPETUAL YACHT-MASTER II ROLEX s> cortinawatch CHINATOWN POINT, #01-08/09. TEL:63 words
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Advertisement26 2013-04-29 1 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal finance stories, go to btinvest.com.sg. For more information, e-mail btocs@sph.com.sg or call 6388-3838. 8 *****1 *****426 words
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TOP STORIES
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Article, Illustration1153 2013-04-29 2 NG SAI YING, NATHANIEL CHEW - Firms’ 2011 and 2012 outlook statements provide a look-ahead into 2012 and 2013 By NG SAI YING NATHANIEL CHEW [SINGAPORE] Singaporelisted companies are thinking a bit more about investments, now that sentiment has improved and concerns about Europe have faded into the background.1,153 words
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Article475 2013-04-29 2 Local bank chiefs now in big boys pay league EVEN as the salaries of global banking bosses face increasing resistance and scrutiny, the three local bank chiefs are almost in the big league. To be fair to local bankers, their relatively rising pay should be seen in the475 words
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Article, Illustration388 2013-04-29 2 Internal audit found violations related to foreign corruption Bloomberg [LOS ANGELES] Pricewaterhouse Coopers LLP resigned as auditor of Las Vegas Sands Corp, the casino company that disclosed last month it probably violated the Foreign Corrupt Practices Act. Pricewaterhouse told theBloomberg; PHOTO: REUTERS - 388 words
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Article867 2013-04-29 4 ROB CURRAN - Earnings reports; housing, jobs data; Fed, ECB policy statements due WALL STREET INSIGHT By ROB CURRAN IF you trade US stocks, you’re in for a busy week. This week’s calendar could hardly be more cluttered with pivotal economic, earnings and central bank related events, and867 words
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Article, Illustration639 2013-04-29 4 NISHA RAMCHANDANI - By NISHA RAMCHANDANI [SINGAPORE] Private yacht charters picked up speed last year, with bookings ranging from the usual leisure and corporate events to more atypical jaunts, such as property hunting expeditions. According to charter firms that BT spoke to, there has been a rising interest639 words
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Advertisement7 2013-04-29 2 The best pure-play private bank in Asia.7 words
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Advertisement17 2013-04-29 2 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements MATS NOTICES17 words
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Advertisement297 2013-04-29 3 Visuals Ocean Photo: Brandlab STX OSV is now with effect from today We commence trading under our new name Vard Holdings (SGX-ST: MS7) with effect from today www.iogm.no Vard Holdings Limited, formerly STX OSV Holdings Limited, is one of the major global designers and shipbuilders of offshore and specialized vessels297 words
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Advertisement174 2013-04-29 4 IMDEX ASIA 2013 14 -16 May Changi Exhibition Centre Singapore ES I REGISTER NOW THE MUST-ATTEND EVENT FOR MARITIME PROFESSIONALS WORLDWIDE SCAN FOR INFO www.imdexasia.com Created for maritime professionals to tap into the unparalleled business opportunities in the Asia Pacific markets, IMDEX Asia is the must-attend event to keep abreast174 words
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Advertisement116 2013-04-29 4 U always! like us on D facebook/ufmlOOS follow us on twitter@ufml003 www.uf m lOOS.sg UFM 100.5 i cio If O U SHINE Take a step back. Reflect on life. As we get caught up in the hustle and bustle of daily life, let’s pause to be thankful for all that116 words
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COMPANY NEWS
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Article, Illustration727 2013-04-29 5 CAI HAOXIANG - Company planning move to SGX mainboard later this year By in CAI HAOXIANG in Quanzhou, China DEPARTMENTAL store operator Zhongmin Baihui Retail Group opened its 10th store in China yesterday, putting itself on a path to expand rapidly in the next twoPHOTO: NEXTINSIGHT - 727 words
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497 2013-04-29 5 KENNETH LIM - By KENNETH LIM SINGAPORE-LISTED companies extended a trend of lower profitability among businesses that reported their first-quarter results over the past week, according to preliminary data compiled by The Business Times. The 41 companies with December year-ends that reported first-quarter results over the497 words
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Article363 2013-04-29 5 COMPANY MEETING PLACE DATE TIME Anchun Int’l Hldg A Room 3 4 Level 3 Amara Singapore Hotel 165 Tanjong Pagar Road 29-Apr 9.30am Atlantic Navigation A The Executive Centre Dax Room Level 25 North Tower 1 Raffles Quay 29-Apr 10.30am Banyan Tree A Ballroom 1 Lower Lobby The363 words
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Article285 2013-04-29 5 Apr 26 BANKS Agricultural Bank Of China Agricultural Bank Of China ...5.50 Bangkok Bank Public Co. Ltd 6.00 Bank of China Limited Bangkok Bank Public Co. Ltd Bank of Communications 5.50 Bank of China Limited ...5.50 Bank of Communications Bank of Tokyo-Mitsubishi UFJ, Ltd ...5.75 Banque Internationale285 words
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Article762 2013-04-29 5 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY TO say that trading in Singapore Exchange’s (SGX) extended settlement (ES) contract hasn’t lived up to expectations might be a bit of an understatement of the 70 currently on offer, only 9 saw any volume yesterday, with 61762 words
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Article2584 2013-04-29 5 Payment Ex Rec Pay Ann (cts) date date date date 8Telecom Int'l bn 0.114 24-Apr 26-Apr 10-May 05-Apr ABR Hldgs ak 1.000 06-May 08-May 28-May 15-Apr Action Asia ak 0.700 10-May 14-May 28-May 04-Mar Advanced Hldgs ak 0.300 03-May 07-May 22-May 11-Apr Advanced Int Mfg ak 0.160 06-May2,584 words
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Article, Illustration1717 2013-04-29 7 ROBERT HALILI - INSIDE MARKETS By ROBERT HALILI The writer is managing director, Asia Insider Ltd DIRECTOR activity rebounded sharply last week with 44 trades worth $37.9 million, based on Singapore Exchange filings in the fourth week of April. The figures were up sharply from the previous week’s1,717 words
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SINGAPORE MARKETS
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Article, Illustration657 2013-04-29 6 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent AN increasing number of commentators have been wondering what the endgame might be to all the money printing that central banks are employing to try and kickstart growth in their jurisdictions. One answer which many hope will materialise is657 words
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753 2013-04-29 6 COMMODITIES AFP [LONDON] Global commodity markets rebounded last week from recent losses on the back of growing investor appetite for risk, dealers said. “Commodity prices are firmer, having posted varying degrees of recovery from the previous week’s widespread price declines,” said BarclaysAFP - 753 words
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Article1370 2013-04-29 6 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Industrial REIT 1.75 2.00 4 9.67 18.36 1.81 1.78 Amtek Engineering Ltd 3.25 3.25 4 0.05 8.09 0.61 0.52 ARA Asset Management Limited 2.571,370 words
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Article73 2013-04-29 6 Apr 26 VALUE CLOSE BT OB/OS -89.00 +151.00 BT CADI -*****.00 +90.00 BT 10-day MA -*****.00 -9.00 FTSE ST Mid Cap 837.68 -1.26 FTSE ST Small Cap 589.94 +3.72 FTSE ST All Share 827.28 +2.24 FTSE ST China Top 218.02 +0.47 FTSE ST China 247.24 +0.27 FTSE73 words
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Article55 2013-04-29 6 VOLUME Lorenzo 552,304,000 YHM 522,313,000 SingHaiyi 493,256,000 WE Hldgs 376,999,000 Innopac 362,334,000 Golden Agri 269,919,000 MDR 263,973,000 Genting SP 227,797,000 Armarda 216,647,000 Thai Beverage 205,717,000 VALUE($) F&N 645,274,884 Keppel Corp 363,665,233 SingTel 337,593,896 Genting SP 332,193,841 DBS Grp 302,998,973 UOB 236,032,842 CapitaLand 205,588,810 OCBC Bk 195,453,894 LionGold55 words
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434 2013-04-29 6 CURRENCIES Bloomberg [SEOUL] South Korea’s won led gains in Asian currencies last week after economic growth exceeded forecasts, while the Thai baht completed its worst five days in six years amid speculation of currency control measures. The won advanced to aBloomberg - 434 words
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Article117 2013-04-29 6 BY CENTS CLOSE UP GLD 10US$ ***** 560.5 3.3 Lyxor Indonesia10US$ ***** 455.3 3.6 IS S&P500 ***** 221.5 1.1 DBXT MSKorea 10US$ 5665 216.5 3.2 DBXT Nifty 10US$ ***** 178.2 1.3 DBXT FTChina25 10US$ 2830 160.8 4.8 SPDRS S&P 500 10US$ ***** 142.3 0.7 DBXT STGLDv100 10US$ 3097 132.4117 words
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Article128 2013-04-29 6 BY CENTS CLOSE DOWN IS DJ US Tech 7108 -220.2 -2.4 Jardine C&C 4914 -150.0 -3.0 F&N 818 -126.0 -13.3 JSH 3871 -110.1 -2.2 DBXT S&P Short 10US$ 3114 -99.0 -2.5 Great Eastern 1760 -62.0 -3.4 Keppel Corp 1084 -35.0 -3.1 DBXT CSI300 10US$ 767 -30.9 -3.2 DairyFarm 1201128 words
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Advertisement365 2013-04-29 7 HONORING THE BEST IN LOCAL ENTERPRISES 2 X- •w A Ms Susan Ang Diamond International Consolidators (S) Pte Ltd Mr Albert Lam Beaute Hub Mr Benjamin Low DSsigns Pte Ltd T /A Mr Ong Teik Chuon JA Scaffolding Engineering Pte Ltd Mr Chong Yak Woon I Mr Foo Say Liang365 words
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SINGAPORE NEWS
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Article, Illustration702 2013-04-29 8 TEO SI JIA - Over 11,500 cyclists mounted their bicycles for the 3-day cycling fest OCBC CYCLE SINGAPORE By TEO SI JIA AMONG the cyclists who swarmed the highway and vied to cross the finishing line at the F1 Pit Building first yesterday were contestants with another goalPHOTOS: MUGILAN RAJASEGERAN/THE STRAITS TIMES AND SPECTRUM WORLDWIDE; PHOTO: OCBC BANK; PHOTO: SPECTRUM WORLDWIDE - 702 words
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Page 8 Advertisements
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Advertisement72 2013-04-29 8 Creating Experience. Value. Partnerships We bring Inspiration, Innovation, Value to your business! Myanmar O We help you make a mark in the Myammar sector: Hospitality&Tourism Urban Development Banking Finance Logistics Supply Chain Leverage on our 2013 conferences today. Organised by: sphere SINGAPORE PRESS HOLDINGS Find out more about the events72 words
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Advertisement27 2013-04-29 8 m sL r LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG FflCEBODK.COM/HOTFMSG I 3* HOTFMSG27 words
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Advertisement100 2013-04-29 8 Discover a total solution for your every business need a i a* r [Cll=i|p| ASIA 10-12 JULY 2013 Marina Bay Sands Singapore www.OfficExpoAsia.com Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF Sf^l Blk 8 Lorong Bakar Batu, #07-07 Singapore *****3 Tel: (65) 6848 5938 Fax: (65) 6848 4182100 words
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Advertisement219 2013-04-29 8 BELCOURT MANAGEMENT LTD. Company No.*****36 (In Voluntary Liquidation) NOTICE is hereby given pursuant to Section 204 (1)(b) of the BVI Business Companies Act, 2004 that BELCOURT MANAGEMENT LTD. is in voluntary liquidation. The voluntary liquidation commenced on 19th April, 2013 and LAM HOI WA at 1803-4 St. George’s Building, 2219 words
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Advertisement309 2013-04-29 9 Ak SUBSCRIBE TO LIANHE ZAOBAO ALL-IN-ONE BE REWARDED! a smmi'm S!K. 19* PRINT ONLINE TABLET NEW Zaobao All-In-One Subscriber or DIRECT Existing Subscriber who upgrades to Zaobao All-In-One GETS A SURE-WIN GIFT s f S ta nd a chance ***tl OPEtXaV\ra er i 4 Turbo 7 Seater fA s m309 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration1104 2013-04-29 10 GEOFF HOWIE - Those eager to read up on investing will be heartened to learn of a collaboration between NLB and SGX, reportsGEOFF GEOFF HOWIE The writer is SGX’s market strategist YOUNG investors struggling with the lack of capital, lack of time, and lack of knowledge usually start by1,104 words
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Article, Illustration1519 2013-04-29 10 CAI HAOXIANG - Are you thrifty or are you cheap? Here are three principles to get your spending right MONDAY MULTIPLE CAI HAOXIANG Correspondent PERHAPS you read this page often and are utterly inspired to save for retirement. Perhaps you know that if you save a lot from young and put the moneyLUDWIG ILIO - 1,519 words
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Advertisement156 2013-04-29 10 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to156 words
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VIEWS FROM THE TOP
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Article, Illustration2015 2013-04-29 11 THIS WEEK’S TOPIC Should we be concerned about how global trends are affecting Singapore’s electronics production? More generally, are there other areas of local manufacturing and services affected by changing global consumer and business preferences? In either or both cases, what should be done? Kong Chee MinPHOTO: BLOOMBERG - 2,015 words
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Page 11 Advertisements
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Advertisement11 2013-04-29 11 For the complete list of views from CEOs, go to http://businesstimes.com.sg11 words
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MALAYSIA/INDONESIA
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Article, Illustration545 2013-04-29 12 Cultivation interest remains strong despite limited land and manpower [KUALA LUMPUR] Interest in oil palm cultivation in Malaysia remains strong despite issues of land scarcity and limited human capital. Many small-time local investors are continuously eyeing pockets of idle land in Kedah,PHOTO: REUTERS - 545 words
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463 2013-04-29 12 Govt limited use of partially subsidised diesel in January Bloomberg [JAKARTA] Indonesia is still considering a plan to raise fuel prices across all categories to curb subsidies, instead of just revising them by vehicle types, according to President Susilo Bambang Yudhoyono. An across-the-board increase ofBloomberg - 463 words
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Article1474 2013-04-29 12 VOL Apr 26 RM +/-(‘000) VOL Advance Synerg 0.14 0.01 374 Adventa Bhd 0.75 Ae Multi Hldgs 0.22 -0.02 50 Affin Holdings 3.58 0.01 406 Ahmad Zaki Res 0.70 -0.01 205 Airasia Bhd 2.99 0.03 6908 Alliance Finan 5 Aluminium Co 0.14 Amalgamated In 0.32 unch 3 Ammb1,474 words
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Page 12 Advertisements
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Advertisement1066 2013-04-29 12 Standard Bank Plc Consolidated statement of financial position at 31 December 2012 2012 2011 $m $m Assets Balances with central banks 2 228.2 Derivative assets 4 812.9 6 993.5 Trading assets 6 848.1 6 541.0 Financial investments 3 36.8 68.2 Pledged assets 503.7 126.8 Loans and advances 6 160.8 131,066 words
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GREATER CHINA
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Article, Illustration962 2013-04-29 13 But critics argue that Beijing is not opening its markets quickly enough Reuters [SHANGHAI] China’s central bank has been talking tough on currency reform while it has also intensified market intervention, highlighting the fine line that it must walk in trying to liberalise theReuters; PHOTO: REUTERS - 962 words
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654 2013-04-29 13 No evidence yet of human-to-human transmission: PM Li Bloomb erg AFP [SHANGHAI] Chinese Premier Li Keqiang called on health officials and residents to remain vigilant against the bird flu, as the number of infections rose over the weekend. “We need toBloomberg; AFP - 654 words
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Page 13 Advertisements
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Advertisement405 2013-04-29 13 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PLANTIQUE INVESTMENT PTE LTD (Co. Reg. No. *****7290Z) (IN MEMBERS’ VOLUNTARY WINDING UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act405 words
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INDIA
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588 2013-04-29 14 NEETA LAL - A big task for the govt now is to get parliament pass bills on investment, taxes By NEETA LAL in New Delhi PROVIDING a major boost to the Indian government’s reforms agenda, the state-constituted Cabinet Committee on Investment (CCI) has given588 words
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503 2013-04-29 14 Controversy sparked by CBI probe report on coal allotments AFP [NEW DELHI] India’s premier has dismissed calls for the resignation of the federal law minister who vetted a police report on alleged graft in awarding coal blocks before it was submitted to theAFP - 503 words
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Article, Illustration397 2013-04-29 14 AFP [NEW DELHI] India’s highest court has postponed until further notice a hearing for telecom tycoon Sunil Bharti Mittal over corruption allegations involving the allotment of telecom airwaves. Mr Mittal, chief of Bharti Airtel, India’s biggest mobile operator, was last month for the firstAFP - 397 words
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Advertisement70 2013-04-29 14 HOME LOAN COMPARISON CALCULATOR Use our Home Loan Wizard to compare the latest home loan rates and packages across all banks in Singapore! www.stproperty.sg/property-tool 12 n U At STProperty.sg, your ideal property isn’t hard to find. Download Our Apps: Follow Us: Awarded Best in Mobile Media (Gold) at Asian Digital70 words
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ECONOMY WATCH
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Article, Illustration793 2013-04-29 15 Central bank may also take steps to encourage lending to businesses AFP [FRANKFURT] The European Central Bank will cut its key interest rate, already at an all-time low, at its policy meeting this week and may also unveil new measures toAFP; PHOTO: AFP - 793 words
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440 2013-04-29 15 AFP [RIO DE JANEIRO] A Brazilian insurer’s market launch raised US$5.7 billion, the world’s biggest initial public offering (IPO) this year and a sign of rising confidence in Latin America’s biggest economy. The IPO of BB Seguridade, the insurance arm of state-ownedAFP - 440 words
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Advertisement91 2013-04-29 15 FEMALE MAY ISSUE OUT NOW At all leading bookstores. Singapore s leading 0 r^ INVISIBLE MAKEUP SEE IT TRY IT LOVE IT UJJijljj; mM jjjIJ JjiJJ EES] t i PliOM 'J'AAO'l !n oo'J t'Jns: I ?UiJJ<ZULSS JrlS ZUMWAYU \m AM 303NS SUBSCRIBE! Get a LA CLINICA Hydrating Day Cream worth91 words
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Advertisement511 2013-04-29 15 >®1 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices NOTICE OF BOOKS CLOSURE AND PAYMENT DATE FOR DISTRIBUTION For the period from 9 October 2012 to 31 March 2013 a-ihrush ascendas India trust ASCENDAS INDIA TRUST (Registration Number: *****04) (a business trust registered under the Business Trusts Act, Chapter 31A511 words
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WORLD
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Article, Illustration554 2013-04-29 16 Independence and Progressive coalition certain to shelve plans to join EU AP [REYKJAVIK, Iceland] In a dramatic about-turn, Icelandic voters have returned to power the centre-right parties that led the national economy to collapse five years ago. With all votes counted yesterday, theAP; PHOTO: AP - 554 words
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588 2013-04-29 16 Japanese giant in talks, assets said to be valued at US$4b Bloomberg [TOKYO] Mitsubishi UFJ Financial Group, Japan’s biggest bank by market capitalization, is in talks to buy M or g an St an l e y s trust-banking assets, said twoBloomberg - 588 words
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Article, Illustration258 2013-04-29 16 Reuters [DHAKA] The owner of a factory building that collapsed in Bangladesh killing hundreds of garment workers was arrested yesterday trying to flee to India, as hopes of finding more survivors from the country’s worst industrial accident began to fade. Mohammed Sohel Rana was arrestedReuters - 258 words
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400 2013-04-29 16 Bloomberg [SEOUL] South Korea’s government will unveil policies within days to remove “unreasonable” regulations that deter companies from making investments, Finance Minister Hyun Oh Seok said. The government is also preparing measures, including loan and marketing support, to help smaller exporters grappling with theBloomberg - 400 words
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304 2013-04-29 16 Reuters [ABU DHABI] The oil-rich emirate of Abu Dhabi is putting finishing touches to plans to establish a financial free zone that could resemble, and therefore compete with, the Dubai International Financial Centre, sources familiar with the matter said. A federal decreeReuters - 304 words
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Article, Illustration702 2013-04-29 17 Experienced leader picks pragmatic centrists and veteran technocrats Reuters [ROME] There is much about Italy’s new centreleft Prime Minister Enrico Letta, who named his Cabinet on Saturday, that is likely to please financial markets and Rome’s international partners. He is young, moderateReuters; PHOTO: AFP - 702 words
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Article, Illustration533 2013-04-29 17 Reuters [ROME] Italy’s new Economy Minister Fabrizio Saccomanni is a 70-year-old central banker virtually unknown to the general public, who should reassure financial markets and the rest of Europe that the country will not stray from fiscal orthodoxy. He has spent mostReuters; PHOTO: REUTERS - 533 words
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504 2013-04-29 17 Reuters [TOKYO] Prime Minister Shinzo Abe yesterday called for a renewal of a “sense of hope and determination” in marking for the first time the restoration of Japan’s post-war sovereignty, part of a drive to repair what conservatives consider dented national pride. MrReuters - 504 words
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715 2013-04-29 18 Weary Irish voters have more interest than most in the fresh exercise Reuters [DUBLIN] Readers of Ireland’s largest-selling daily newspaper were confronted by an unexpected frontpage headline last week when the Irish Independent proclaimed the “End Of Austerity”. In a country thatReuters - 715 words
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Article, Illustration971 2013-04-29 18 Europe is the new Japan, says economist Reuters [LISBON] Long after the debt crisis is over, Europe will be grappling with an even more serious problem how to pay for growing numbers of old people. The population of some countries is stagnantReuters; PHOTO: AP - 971 words
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430 2013-04-29 18 Bloomberg [CANBERRA] Australia plans to toughen laws that allow overseas workers to plug short-term labour needs and skills shortages as some employers are exploiting the system, Immigration Minister Brendan O’Connor said. “There is no reason why we wouldn’t be looking toBloomberg - 430 words
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Article, Illustration591 2013-04-29 18 Reuters [WASHINGTON] Two academics whose research became an intellectual touchstone for pro-austerity politicians want everyone to know they have been misunderstood. They actually don’t think harsh austerity is such a great idea for an ailing economy. In the political debate over debt since theReuters; PHOTO: REUTERS - 591 words
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Page 16 Advertisements
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Advertisement1052 2013-04-29 16 LIONGOLD CORP LTD (Incorporated in Bermuda on 23 June 2004) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN THAT a Special General Meeting of LIONGOLD CORP LTD will be held at the Republic of Singapore Yacht Club, 52 West Coast Ferry Road, Singapore *****7 on 22 May 2013 at1,052 words
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Advertisement1380 2013-04-29 17 (Public Shareholding Company incorporated in Kuwait) Head Office: Abdullah Al-Ahmed Street P.O. Box 95, Safat ***** Kuwait Consolidated Statement of Financial Position As at 31 December 2012 Consolidated Statement of Income For the year ended 31 December 2012 2011 KD 000’s 2012 KD 000’s Assets 2012 KD 000’s Cash and1,380 words
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Advertisement164 2013-04-29 19 AS SIMPLE AS 1,2,3 Be it a property, car or job opening and anything under the sun, advertising on our respective sites is really hassle-free. Check out any of these 3 easy ways to get started: 1. DIY OR EMAIL Simply visit any of our portals to self-register and place164 words
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JAPAN MEANS BUSINESS
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Article, Illustration2223 2013-04-29 20 RAJU CHELLAM - Japanese giant eyes region’s plans for high-speed inter-city and inter-country railway networks, reports RAJU CHELLAM Raju Chellam was previously BizIT Editor with The Business Times and visited Japan as part of the Singapore Press Club Goodwill Mission to Japan in April 2013. ONEPHOTO: BLOOMBERG - 2,223 words
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Article, Illustration390 2013-04-29 20 RAJU CHELLAM - By RAJU CHELLAM ON April 12 this year, Suntory Liquors became the first Japanese company to win the coveted “Distillery of the Year” award at the San Francisco World Spirits Competition. This award is given to just one company or distillery that has produced390 words
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Page 21 Advertisements
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Advertisement134 2013-04-29 21 klSS92 All the great songs m one pi LIVE LOVE KISS HUG WINK KISS DRIVE WAVE KISS DREAM DARE KISS EAT DRINK KISS SHOP TALK KISS RUN JUMP KISS SKIP STEP KISS DANCE CHEER KISS READ SLEEP KISS WISH HOPE KISS SMILE LAUGH KISS GIVE YOUR FRIENDS A KISS NOW!134 words
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AVIATION/SHIPPING
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Article, Illustration751 2013-04-29 22 787 safe to fly even as cause of battery meltdowns remains uncertain: Boeing Bloomberg [TOKYO] ANA Holdings Inc, the biggest operator of Boeing Co 787s, aims to resume scheduled flights of the jet on June 1, chief executive officer ShinichiroBloomberg; PHOTO: BLOOMBERG - 751 words
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731 2013-04-29 22 House clears bill to let FAA move US$253m to end unpaid days off Bloomberg [WASHINGTON] Air traffic controller furloughs were suspended yesterday as the US Federal Aviation Administration (FAA) acted on legislation designed to work around across-the-board spending cuts that kicked in last month.Bloomberg - 731 words
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Article234 2013-04-29 22 SGX '000 Apr 26 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.27 unch 87 Cosco Corp 0.89 -0.02 1532 Vol First Ship Lea 0.13 unch 88 Freight Links 0.09 unch ***** Grand Banks 0.36 0.02 3 Jaya Hold Ltd Chuan Hup Hldg K1Ventures 0.27 Keppel Corp 10.84234 words
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374 2013-04-29 22 LYNN KAN - It grows with rise in number of shipping and ancillary marine service companies By LYNN KAN [SINGAPORE] Marine insurance here is growing in lock step with Singapore’s growing number of shipping companies and ancillary marine service providers. “The Singapore marine insurance industry has374 words
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252 2013-04-29 22 AFP [COLOMBO] Sri Lanka is set to re-fleet its loss-making national carrier with 10 new Airbus aircraft in a deal that could be worth over US$2.5 billion, a government official and a media report said yesterday. SriLankan Airlines will also secure an aircraftAFP - 252 words
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Article, Illustration346 2013-04-29 22 Reuters [LONDON] The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry commodities, dipped as panamax vessel rates fell on slack activity ahead of Asian holidays this week. The overall index, which factors in the average dailyReuters; PHOTO: BLOOMBERG - 346 words
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Page 22 Miscellaneous
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Miscellaneous313 2013-04-29 22 CRYPTIC CROSSWORD Across 1 A tragedy in a small village (6) 5 One having a row close to pantry in part of kitchen (8) 9 What sort of reception will second repeat being broadcast get? (6-4) 10 Good imitator may make one gawk (4) 11 Don’t mention it to Allan,313 words
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DINING OUT
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Article, Illustration826 2013-04-29 23 Jaime Ee - By Jaime Ee NEW RESTAURANT Oca Grassa 6 Bukit Pasoh Road Tel: 6534 9854 Open Monday to Saturday for lunch and dinner: 12 to 2.30pm, 6 to 10.30pm. Closed on Sunday IF there’s one thing that Oca Grassa does not look like, it’s an ItalianPHOTOS: JOHN HENG, JAIME EE, YEN MENG JIIN - 826 words
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Page 23 Advertisements
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Advertisement71 2013-04-29 23 ft*' LIANHE ZAOBAO China's business travel spending still growing astounding rate WlillSAiiJtSii-K: To subscribe, call 6388-3838 or go to sphsubscrlptlon.com.sg Inspired Bentos and Business Set Lunch Choice of Teppan Lunch Set, Robata Lunch Set and Business Lunch Bento at $58++ each. Available daily. For reservations, please call +65 6431 615671 words
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Advertisement17 2013-04-29 23 WWW my sg w SINGAPORE BLOGAWARDS ISjBACK! I uu& REGISTER YOURBLOGNOW! PRIZES WORTH OVER $35,000i S sgblogawards.omy.sg17 words
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Advertisement25 2013-04-29 23 oO^ S*V) .Kia' Nj'jO eS s co^ 1 o^' •M'js'9 ,aP ,e< s o«< 0 6# a \o 10' IC$& c< !0<* v d*'° sph25 words
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SINGAPORE STOCKS
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Article3592 2013-04-29 24 Week ended: Apr 26 52-wks Last Vol Week Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale Vol 11 7 AEM --AAT High Low Buyer Seller 179 106 AIMSAMPIReit 177.5xd +8 9324 179 169.5 177.53,592 words
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Article331 2013-04-29 25 52-wks Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Low Company Last 4.6 1.3 t Advanced System 1.6 -0.2 7029 1.8 1.6 1.6 1.8 25.4 Vol ('000) Week Last Quote Div Gr Yld331 words
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Article118 2013-04-29 25 Stock name Close Change CapMallsAsia 2.070 +0.030 CapitaLand 3.650 +0.070 CapitaMall 2.340 +0.070 CityDev 11.340 +0.030 ComfortDelGro 1.950 +0.015 DBS Grp 16.220 +0.040 GLP 2.750 Genting SP 1.520 +0.040 Golden Agri 0.565 HK Land 7.300 -0.070 Stock name Close Change HPH Trust US$ 0.840 +0.005 JMH118 words
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Article2061 2013-04-29 25 Transaction date: Apr 26 HONG KONG Vol HK$ +/-'000 Aeon Credit 8.50 unch 8 Aeon Stores '000 Angang Steel 4.67 -0.08 ***** Anhui Conch Anhuiexpresswa 4.21 0.01 620 Asia Satellite 30.70 unch 8 Asm Pacific unch Bank Of E Asia 31.30 0.25 2383 Beida Jade Bir 0.29 unch2,061 words
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Article264 2013-04-29 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 50 25.5 AVJennings A37.5co +0.5 164 38.5 35.5 37.5 40 3.6 9.3 3 97.7 50 30 Genting HK US$ US49 +4.5 *****5 50 44 48.5 49 3226.4264 words
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Article186 2013-04-29 25 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 5 0 0 0 0 11 5 0 Manufacturing 91 67 37 13 14 8 104 81 45 Commerce 38 22 17 7 11 3 45 33 20 Tpt/Stor/Comms 25 13 6186 words
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Article1058 2013-04-29 25 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 120.4 +1.4 7 120.4 120 118.5 120 549.6 136.8 120.4 CIMB APAC Div 100S$D 136.8 +1.8 31 136.8 135.6 137.31,058 words
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Article123 2013-04-29 25 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 204,193 204,193 660,721 660,721 Manufacturing 2,267,874 830,260 3,098,134 1,710,718 42,987 1,753,705 Commerce 629,997 579,590 1,209,587 468,301 53,264 521,565 Tpt/Stor/Comms 604,879 67,082 671,961 773,526 26,190 799,716 Finance 455,411 943 456,354 900,085 411 900,496 Construction 474,241 531,887123 words
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Advertisement26 2013-04-29 25 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES26 words
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FINANCE & COMMODITIES
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Article652 2013-04-29 26 Apr 26 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.98 *****.87 *****.20 Jun13 *****.00 *****.00 *****.00 *****.00 *****0 *****4 Sep13 *****.00 *****.00 *****.00 *****.00 38 3970 MSCI TAIWAN INDEX FUTURES SPOT 288.65 290.98 288.54 Apr13 288.60 291.10 287.90 288.60 *****7 *****0 May13 288.70652 words
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373 2013-04-29 26 In local curr In S$ In US$ dy yr dy yr dy yr Apr 26 Index Change Change Change Change Change Change World Preliminary 1040.5 -0.5 10.9 -0.4 10.1 -0.2 8.8 EAFE Preliminary 871.6 -0.5 12.5 -0.2 9.1 0.0 7.8 Europe Preliminary 1227.2 -0.6 7.0373 words
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Article471 2013-04-29 26 Apr 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.051 6.351 0.790 7.996 55.901 100.127 1.016 11.451 3.123 1.208 101.357 42.460 1.275 9.413 0.972 30.585 30.296 0.667 1.030 Canada 0.952 6.044471 words
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Article64 2013-04-29 26 Apr 26 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid64 words
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Article138 2013-04-29 26 Apr 26 GOLD(US$/oz) Apr 26 Apr 25 Hong Kong 1473.00 1453.50 Apr 25 Apr 26 London 1454.19 1477.10 1455.91 1478.10 Source: Thomson Reuters CAST BAR Apr 26 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 132 59 5gm 375 293 10gm 670 586138 words
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Article82 2013-04-29 26 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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Article57 2013-04-29 26 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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Article155 2013-04-29 26 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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Article108 2013-04-29 26 Apr 26 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low May 13 1430.75 1423.50 1432.75 1417.25 Jul 13 1381.00 1372.25 1385.50 1366.00 Aug 13 1318.50 1308.75 1322.75 1304.25 Sep 13 1247.50 1242.75 1251.50 1235.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low May 13108 words
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Article94 2013-04-29 26 Apr 26 COCOA (£/tonne) Close Prev High Low May 13 1542 1551 1561 1528 Jul 13 1546 1555 1565 1530 Sep 13 1555 1561 1572 1538 Dec 13 1557 1560 1572 1540 COFFEE(US$/tonne) Close Prev High Low May 13 1961 1944 1962 1927 Jul 13 2007 1984 2008 197194 words
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1068 2013-04-29 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Albedo Limited W*****9 Conv Ratio Ascendas REIT.ES.1304 Price Asiatravel.com HoldingsW*****7 1 unch 5 1 25 15 Asiatravel.com HoldingsW*****5 1.3 unch 5 1 27 39 BakerTech W*****5 GearBest World Intl Ltd W*****51,068 words
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Article70 2013-04-29 26 CRUDE OIL PRODUCTS Apr 25 CRUDE (FOB origin) US$/barrel 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 Basket70 words
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Article22 2013-04-29 26 Apr 26 S$ Bid Offer 1-month 1.2372 1.2377 2-months 1.2371 1.2377 3-months 1.2371 1.2378 6-months 1.2368 1.2380 Source: OCBC22 words
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Article65 2013-04-29 26 Apr 26 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1845.00 1912.00 3 months 1878.00 1941.00 Copper, Grade A(US$/tonne) Cash 6998.00 7149.00 3 months 7030.00 7180.00 Lead(US$/tonne) Cash 2016.00 2056.25 3 months 2037.00 2076.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months65 words
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Article121 2013-04-29 26 As at 9am 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 foreign121 words
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Article157 2013-04-29 26 Apr 26 $S Offer Bid 0vernight 0.05 0.03 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.02 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.60 0.40 9 months 0.75 0.55 12157 words
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Article2678 2013-04-29 27 BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE n GLOBAL SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE CONVENTIONAL, BREAKBULK PROJECT Destination STXPO TBN Camden/New2,678 words
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Advertisement45 2013-04-29 27 USE THIS SPACE TO SELL, CALL JOE WONG AT 9620 1327 TO ADVERTISE. —The Business Times Shipping Times Shippers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES Shipping Times45 words
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Advertisement18 2013-04-29 27 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times18 words
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Page 28 Advertisements
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Advertisement130 2013-04-29 28 Importers looking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 M the business times Shipping Times FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 1327 Can they find your services here in the130 words
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Advertisement0 2013-04-29 28 )/[,>..`[^=_+[^!;$(!\/,$;+=`((}0 words
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BizIT THE BUSINESS OF INFOCOMM TECHNOLOGY
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Article, Illustration975 2013-04-29 30 reportsAMIT ROY CHOUDHURY - The computer security software company notes that Singapore’s Internet security threat profile improved last year, reportsAMIT ROY CHOUDHURY reportsAMIT reportsAMIT ROY CHOUDHURY ANEW study by Symantec shows that irrespective of size, no company is safe from a targeted cyberattack. Last year, the largest growth975 words
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Article, Illustration494 2013-04-29 30 AMANDA TAN - BY AMANDA TAN ALMOST three-quarters (74 per cent) of Singaporean employees who own smartphones and tablets bring these to work and use them for work, according to the latest findings by a Dimension Data survey Putting the “You” in Unified Communications and Collaboration. This494 words
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1355 2013-04-29 30 LIM JIA YING - Govt agencies and private sector are supporting and organising hackathons By LIM JIA YING TO some, a hackathon may sound like an illicit event by devious tech geeks, a gathering to commit sinister computer crimes. But the fact is that hackathons are increasingly1,355 words
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565 2013-04-29 29 NG SAI YING - By NG SAI YING THE Fourth Quarter 2012 State of the Internet report by Akamai Technologies Inc revealed that the number of Distributed Denial of Service (DDoS) attacks, or attacks aimed at disrupting network services, on the Akamai Intelligent Platform tripled from565 words
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Article, Illustration901 2013-04-29 29 Tech companies race to get apps and data streams to eye and wrist devices WP [WASHINGTON] Scan any waiting room, and you’ll probably get a good survey of the tops of people’s heads, with row after row of folks hunched over their smartphones. ButWP; PHOTO: AFP - 901 words
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Article, Illustration1021 2013-04-29 29 KENNETH JAMES - A hardcore Windows mobile user takes the plunge almost <we say> KENNETH JAMES IT’S not easy being a member of a minority group. I should know I’m a Windows phone user. Hardcore, too. I’ve been carrying handheld devices running mobile versions of Microsoft Windows since the latePHOTO: ARTHUR LEE - 1,021 words
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313 2013-04-29 29 NG SAI YING - By NG SAI YING CANON recently announced the availability of their latest multifunction printers, the imageRUNNER ADVANCE C9200 PRO and C7200 series. The C9200 PRO runs at a print speed of 80 pages per minute (ppm) for black-and-white documents and 70 ppm for colour, while313 words
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