The Business Times, 18 July 2013
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2013-07-18
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The Business Times
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Title Section25 2013-07-18 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 074/08/2012 Thursday, July 18, 201325 words
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Article, Illustration680 2013-07-18 1 CHUANG PECK MING - NODX registers fifth straight slide as shipments to most major markets decline By CHUANG PECK MING [SINGAPORE] Singapore’s miserable run on the exports front has continued and the advance official estimate of strong GDP growth in the last quarter may turn out to beSource: IE S’pore - 680 words
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MARKETS DIGEST
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Article65 2013-07-18 1 HST INDEX 3,208.33 (-16.63) HST INDEX FUTURES 3,202.00 (-16.00) HSIMSCI 363.67 (-1.71) HSIMSCI FUTURES 362.20 (-1.80) US$ S$ US$ (S$ per US$) 1.263 (US$/S$ per 1.510 1.907 EURO (US$/S$/€ 1.315 1.660 Foreign currency per US$ S$ YEN 99.70 78.90 RM 3.190 2.526 HK$ 7.758 6.142 BAHT 31.11 24.63 RUPIAH65 words
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Article48 2013-07-18 1 Wednesday Change KL COMP 1,788.66 +2.27 NIKKEI 225 14,615.04 +15.92 HANG SENG 21,371.87 +59.49 SET INDEX 1,458.08 +6.63 JAKARTA COMP 4,679.00 +34.96 MANILA COMP 6,574.72 -8.83 SEOUL COMP 1,887.49 +21.13 SHENZHEN B 774.03 -14.66 MUMBAI IND 19,948.73 +97.50 12noon EDT Change DOW 15,449.97 -1.88 NASDAQ 3,605.34 +6.8448 words
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Article29 2013-07-18 1 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.410 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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Article, Illustration863 2013-07-18 1 PAULINE NG - Costs rise, delays abound and blame game has started By in PAULINE NG in Kuala Lumpur MALAYSIA’S latest airport simply can’t seem to take off. May 2, 2014 is the latest target for the launch of KLIA2, which was originally supposed toPHOTO: AP - 863 words
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Advertisement89 2013-07-18 1 HOCK LOCK SIEW More women needed on boards, but don’t force the issue PAGE 6 REIT IPO SPH Reit prices IPO at top end of range PAGE 4 CORPORATE RESULTS Keppel Land Q2 net earnings up slightly PAGE 9 BERNANKE’S TESTIMONY Tapering QE not a pre-set course page 2 *****189 words
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TOP STORIES
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Article, Illustration573 2013-07-18 2 Bernanke says bond buying to be ramped up or down as conditions warrant Bloom berg [NEW YORK] Stocks edged cautiously higher in early trading on Wall Street yesterday after Federal Reserve chairman Ben Bernanke said that the central bankBloomberg - 573 words
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469 2013-07-18 2 100% FDI allowed in telecoms; 49% in single-brand retailing Reuters Bloomberg [NEW DELHI] India relaxed foreign direct investment (FDI) rules on Tuesday in a broad swathe of industries including telecoms, single brand retail and oil and gas in a bid to lure capitalReuters; Bloomberg - 469 words
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THREE-MINUTE DIGEST
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25 2013-07-18 2 SINGAPORE’S non-oil domestic exports extended its fall in June with a steeper-than-expected 8.8 per cent tumble from a year ago.25 words
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38 2013-07-18 2 MALAYSIA’S latest airport simply can’t seem to take off. May 2, 2014, is the latest target for the launch of KLIA2, which was originally supposed to get going in September 2011.38 words
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30 2013-07-18 2 US STOCKS edged cautiously higher after Federal Reserve chairman Ben Bernanke said the Fed had no firm timetable to cut back on bond purchases.30 words
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29 2013-07-18 2 SPH Reit has drawn strong indications of interest from institutional investors, resulting in the IPO being priced at the top of an indicative range.29 words
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39 2013-07-18 2 INVESTOR confidence in Singapore is at a two-year high, says JP Morgan Asset Management, but it remains to be seen whether the US plan to taper its QE programme will hurt this sentiment.39 words
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Article29 2013-07-18 2 KEPPEL Land has posted a 0.9 per cent year-on-year increase in net profit to $95.5 million for the second quarter ended June 30, 2013.29 words
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41 2013-07-18 2 ONLY one in ten companies in Singapore are using the renminbi to settle their cross-border trade but this ratio is expected to improve as the city-state develops itself as a yuan clearing hub.41 words
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35 2013-07-18 2 AMID growing fears that China’s economic slowdown could damage growth in other parts of Asia, the IMF yesterday offered a relatively benign view of immediate prospects for the country.35 words
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Article28 2013-07-18 2 BANK of America the second-biggest US lender, said profit rose 63 per cent, beating analysts’ estimates as the company kept expenses in check.28 words
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694 2013-07-18 4 ONG CHOR HAO - Indications of interest 42 times of units available under placement tranche By ONG CHOR HAO [SINGAPORE] SPH Reit, the real estate investment trust spun off from Singapore Press Holdings (SPH), has attracted strong indications of interest from institutional investors, resulting in the IPO being694 words
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682 2013-07-18 4 LEE U-WEN - Auditor-General’s report reveals slip-ups in tenders and procurement By LEE U-WEN [SINGAPORE] The Audi-tor-General’s latest annual audit of Singapore’s public sector has been completed, and the findings don’t make for pretty reading. In a 63-page report released yesterday, the Audi-tor-General’s Office (AGO) found scores682 words
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Article, Illustration723 2013-07-18 4 GENEVIEVE CUA - Integrated wellness programme rewards healthier living Reports by GENEVIEVE CUA [SINGAPORE] Poor health choices and inertia wreak havoc on the best health plans, but AIA aims to change that with its new integrated wellness programme, Vitality. The Vitality programme aims to motivate peopleTHE STRAITS TIMES FILE PHOTO - 723 words
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Article, Illustration432 2013-07-18 4 [SINGAPORE] AIA’s 2011 white paper on the underinsurance gap in Singapore has helped to spur a slew of product innovations over the last couple of years. AIA Singapore chief executive Tan Hak Leh says the innovations have borne fruit in terms432 words
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386 2013-07-18 4 SAMUEL EE - Dealers attribute rise to small rise in new quotas; Cat B premium falls By SAMUEL EE [SINGAPORE] The small car COE premium inched up yesterday even as the big car premium sagged, with some motor distributors pointing to last weekend’s new quota announcement as386 words
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Advertisement552 2013-07-18 2 cutting through complexity i KPMG Seminar Series i Goods and Services Tax (GST) Seminar Zero-rating of Services and Difference between Reimbursement and Disbursement Date Tuesday, 20 August 2013 Join our upcoming GST seminar to gain a comprehensive update on the zero-rating provision of international services and IRAS e-tax guide on552 words
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Advertisement482 2013-07-18 2 FRONT PAGE FRONT PAGE TOP STORIES, PAGE 2 TOP STORIES, PAGE 4 COMPANY NEWS, PAGE 6 COMPANY NEWS, PAGE 9 SINGAPORE NEWS, PAGE 10 GREATER CHINA/INDIA, PAGE 15 WORLD NEWS, PAGE 18 Regency Suites Nottingham PRICE STARTING FROM S$160k SCHEDULED TO COMPLETE IN JULY 2014 A JOINT EFFORT BY TRIVELLES482 words
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Advertisement143 2013-07-18 3 www.vw. com. sg The well travelled, travel well. sit a Edition X Touareg IS A 4>J St m is l V; 5» >• V. W s V V. V ■v New Touareg Edition X. 4 r >> W. The special 10th anniversary, Touareg Edition X, offers authentic off-road heritage in143 words
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Advertisement40 2013-07-18 4 B0ATING View life from the captain’s chair... f y- m Inc m u H SUBSIDIARY OF SPH MAGAZINES PTE LTD Blu Inc Media (HK) Ltd. Tel: 852 2165 2800 Fax: 852 2868 1799 www.bluincmedia.com Enquiry: queries@bluincmedia.com Subscribe at sub@bluincmedia.com www.asia-pacificboating.com40 words
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Advertisement6 2013-07-18 5 Exclusive Photography Partner Exclusive F&B Partner6 words
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COMPANY NEWS
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799 2013-07-18 6 MICHELLE QUAH - HOCK LOCK SIEW By MICHELLE QUAH FOREIGN Affairs and Law Minister K Shanmugam called on Monday for greater female representation on company boards here, citing research which showed that 60 per cent of listed boards in Singapore are all-male. The799 words
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580 2013-07-18 6 LIVIA YAP - JP Morgan index jumps to 122 points from 106 in Dec ’12 By LIVIA YAP INVESTOR confidence in Singapore is at a two-year high, according to a study by JP Morgan Asset Management (JPMAM), but it remains to be seen whether the US Federal580 words
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590 2013-07-18 6 NEIL BEHRMANN - By in NEIL BEHRMANN in London GLOBAL fund managers have become cautious about equities, and their emerging market allocations are the lowest in 12 years. A Bank of America Merrill Lynch survey of 238 global fund managers with US$643 billion under management finds590 words
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482 2013-07-18 6 ANNABETH LEOW - By ANNABETH LEOW CHIEF financial officers (CFOs) in South-east Asia are the most bullish about their corporate performance for this year in the Asia-Pacific, according to a survey. Bank of America Merrill Lynch’s (BoAML) second annual CFO Outlook Asia survey polled 604 financial482 words
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Article, Illustration911 2013-07-18 7 MINDY TAN - Distributable income up 1.9% due to higher revenue, lower interest costs By MINDY TAN CAPITACOMMERCIAL Trust (CCT) posted a distribution per unit (DPU) of 2.07 cents for the second quarter ended June, up 0.5 per cent compared to 2.06 cents fromPHOTO: CAPITALAND - 911 words
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273 2013-07-18 7 CARINE LEE - By CARINE LEE SABANA Shari’ah Compliant Industrial Real Estate Investment Trust (Sabana Reit) yesterday posted a distribution per unit (DPU) of 2.40 cents for the fiscal second quarter ended June 30, a 5.7 per cent improvement from 2.27 cents a273 words
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246 2013-07-18 7 TEO SI JIA - By TEO SI JIA UNITED Fiber System (UFS) is issuing 74.56 million new shares at 2.322 cents apiece to Bliss Deal Limited (BDL) as settlement for an amount of $1.73 million owing to the private investment company. This follows BDL’s acquisition on Tuesday246 words
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Article770 2013-07-18 9 KALPANA RASHIWALA - Its H1 profit slips 19% despite 79% jump in revenue as trading income falls By KALPANA RASHIWALA KEPPEL Land has posted a 0.9 per cent year-on-year increase in group net profit to $95.5 million for the second quarter ended June 30, 2013. Profit before taxation770 words
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220 2013-07-18 9 TEO SI JIA - By TEO SI JIA SHORTLY after its partner Golden Myanmar Sea Company (GMS) became Nokia’s distributor in Myanmar, mDR’s unit MDR Myanmar has been appointed the after-market service (AMS) provider for the Finnish phone maker in the country. mDR said yesterday that MDR Myanmar220 words
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COMPANY BRIEFS
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Article56 2013-07-18 9 LOCAL construction firm Ley Choon Group Holdings has secured new contracts in Brunei worth $29.6 million. These are for the construction of a flyover bridge and the supply and installation of sewerage systems. Since late 2011, Ley Choon has won six contracts in Brunei56 words
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Article90 2013-07-18 9 FORMER paper and pulp manufacturer UPP Holdings, which is diversifying into infrastructure and property, has revised its joint venture (JV) agreement regarding a Myanmar acquisition. The name of the JV company is now UPP Engineering Ltd. The total issued and paid-up capital of the firm90 words
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46 2013-07-18 9 BLUMONT Group intends to acquire an investment company that will give it exposure to the uranium industries in Kyrgyzstan and the US. It has entered into a conditional sale-and-purchase agreement to acquire 100 per cent of Powerlite Ventures for US$7.88 million.46 words
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347 2013-07-18 9 KENNETH LIM - By KENNETH LIM KEPPEL Telecommunications and Transportation (T&T) made a 15 per cent increase in second-quarter earnings on the back of improvements in the core logistics and data centre businesses, the Keppel Corp subsidiary announced yesterday. Net profit attributable to347 words
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Article195 2013-07-18 9 LYNN KAN - By LYNN KAN COSCO Corporation (Singapore) joined in on the barrage of Mexican orders for offshore vessels. Cosco (Nantong) Shipyard, a subsidiary of Cosco Corp’s 51-per-cent-owned Cosco Shipyard, secured a US$200 million contract to build a harsh-environment semi-submersible accommodation vessel from Mexi-co-incorporated Cotemar SA de195 words
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Advertisement623 2013-07-18 6 Keppel Telecommunications Transportation Ltd Co Reg No: *****0115G (Incorporated in the Republic of Singapore) 1. UNAUDITED RESULTS FOR THE SECOND QUARTER AND HALF YEAR ENDED 30 JUNE 2013 The Directors of Keppel Telecommunications Transportation Ltd advise the following unaudited results of the Group for the second quarter and half year623 words
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Advertisement195 2013-07-18 7 H Over 72% sold. New release of choice units. ESTCOM row B B R R B a r r 1 R I i r B* I. 4* tofuasear. vx -T?wl a-Tj?- n'fSrs tit™** I I Tuas Checkpoint (10 mins drive) Raffles Marina (7 mins drive) M*****979 Tuas Bus Terminal (7195 words
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SINGAPORE MARKETS
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Article, Illustration582 2013-07-18 8 R SIVANITHY - Average value traded 37¢, 500 counters untraded or unchanged; selling emerges ahead of Fed chief’s testimony STOCKS R SIVANITHY Senior Correspondent STOCKS were sold off yesterday with the Straits Times Index dropping 16.63 points to 3,208.33 in low volume ahead of key testimony by US FederalSource: Bloomberg - 582 words
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Article73 2013-07-18 8 Jul 17 VALUE CLOSE BT OB/OS 419.00 +186.0 BT CADI -*****.00 -20.0 BT 10-day MA -*****.00 +42.00 FTSE ST Mid Cap 758.40 -2.49 FTSE ST Small Cap 577.14 +0.75 FTSE ST All Share 786.24 -3.46 FTSE ST China Top 198.62 -0.64 FTSE ST China 228.61 -0.88 FTSE73 words
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Article186 2013-07-18 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 5 7 0 0 0 2 5 7 Manufacturing 45 59 35 4 6 13 49 65 48 Commerce 20 17 19 6 2 4 26 19 23 Tpt/Stor/Comms 11 17 5186 words
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BROKERS’ TAKE
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Article, Illustration499 2013-07-18 8 July 17 close: S$3.20 Maybank Kim Eng Research, July 17 WE are still in favour of a switch to M1. Following above-expectations Q2 2013 results, interim dividend was raised slightly but that is not the main reason to buy the stock. Instead, it is still early days to betSource: Bloomberg - 499 words
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557 2013-07-18 8 Kenneth Lim - Compiled by Kenneth Lim July 17 close: S$2.24 DMG Partners Research, July 17 ASCENDAS Reit (Areit) posted a DPU (distribution per unit) of 3.55 cents (+0.6 per cent y-o-y) in Q1 FY14, in line with our estimate (+0.2 per cent deviation). Revenue and NPI (net557 words
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Article123 2013-07-18 8 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,778 23,778 41,886 41,886 Manufacturing 334,592 128,436 463,028 158,455 9,958 168,413 Commerce 366,055 153,437 519,492 113,848 7,782 121,630 Tpt/Stor/Comms 119,308 30,083 149,391 153,665 11,500 165,165 Finance 696,781 263 697,044 217,753 76 217,828 Construction 216,791 35,821123 words
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Article113 2013-07-18 8 Stock name Close Change CapMallsAsia 1.905 -0.055 CapitaLand 3.170 -0.010 CapitaMall 1.985 -0.025 CityDev 10.880 +0.030 ComfortDelGro 1.920 -0.015 DBS Grp 16.400 -0.040 GLP 2.850 -0.050 Genting SP 1.345 Golden Agri 0.545 -0.005 HK Land 6.690 HPH Trust US$ 0.765 -0.010 JMH 58.350 -0.660 JSH 35.250113 words
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Article, Illustration566 2013-07-18 8 CURRENCIES Reuters [SINGAPORE] The Singapore dollar yesterday eased after June exports showed a further fall in shipments of electronics, leading declines among emerging Asian currencies ahead of Federal Reserve chairman Ben Bernanke’s testimony. The Republic’s electronics exports in June fell 12.4 per cent fromReuters - 566 words
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Article53 2013-07-18 8 VOLUME Innopac 684,314,000 GSH Corp 179,096,000 UniFiber 102,889,000 HanKore 102,526,000 Albedo 84,352,000 SingHaiyi R 76,778,000 SingHaiyi 71,428,000 Mirach Energy 64,231,000 Annica 57,604,000 Ramba 57,120,000 VALUE($) Innopac 107,251,251 SingTel 68,869,363 UOB 39,240,160 Ramba 36,709,595 DBS Grp 31,746,970 SembMar 30,870,150 Thai Beverage 30,489,825 OCBC Bk 27,930,340 Mirach Energy 26,443,85053 words
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Article119 2013-07-18 8 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 246.2 1.9 DBXT STGLDv100 10US$ 3005 135.1 3.7 DBXT MSKorea 10US$ 5441 80.8 1.2 DBXT MSTaiwan 10US$ 1907 46.7 2.0 DBXT FTChina25 10US$ 2634 30.3 0.9 DBXT MSINDO 10us$ 1519 29.0 1.5 DBXT FTVietnam 10US$ 2310 25.3 0.9 UOB 5.05%NCPS 100119 words
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Article122 2013-07-18 8 BY CENTS CLOSE DOWN DBXT AUDCS 5SG$ ***** -203.0 -0.8 JMH 5835 -83.3 -1.1 IS S&P500 ***** -75.8 -0.4 JSH 3525 -72.0 -1.6 Jardine C&C 4085 -70.0 -1.7 Great Eastern 1733 -22.0 -1.3 Isetan 447 -20.0 -4.3 DBXT CSI300 10US$ 719 -10.1 -1.1 IS MS India 100US$ 590 -6.3122 words
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Advertisement118 2013-07-18 9 yCs'lcm GAtsieso, jWoc/aYY <£r (A)/?/ Cr/ V 1. a i N > BL2 -aaff-S* ii .1 Lee Man Fong, Affandi, Gerard Pieter Adolfs, Hendra Gunawan, Omar Yahya, Ay Tjoe Christine, Ahmad Sadali, Popo Iskandar, M. Irfan, Lim Cheng Hoe Auction Evening Sale (Lot 1-46) Saturday, 20 July 2013 at: 7.30118 words
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Advertisement66 2013-07-18 9 One click makes everything click. Be ready for tomorrow with Traders Smart Stay. From airport transfers, breakfasts and Wi-Fi, to dining and laundry credits, pre-book it at tradershotels.com for peace of mind. You will also receive the best rate, guaranteed. So why not customise every detail of your experience to66 words
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SINGAPORE NEWS
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Article, Illustration535 2013-07-18 10 KELLY TAY - Figure set to go up as S’pore develops into a clearing hub for the currency By KELLY TAY ONLY one in 10 companies in Singapore uses the renminbi (RMB) to settle cross-border trades but this ratio is expected to improvePHOTO: BLOOMBERG - 535 words
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268 2013-07-18 10 TEO SI JIA - By TEO SI JIA THE Singapore Economic Development Board’s (EDB) corporate investment arm has led a funding round for Californiabased mobile enterprise platform company Appcelerator to raise US$12.1 million. The latest capital injections bring the total investment in the US company, in which EDB268 words
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381 2013-07-18 10 RONNIE LIM - By RONNIE LIM REFLECTING the increased competition in the power market here, Tuas Power, owned by China Huaneng, said its share of the Singapore market fell to 20.9 per cent in the first half of this year, a 5.8 percentage point fall381 words
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Article, Illustration386 2013-07-18 10 NG ZHUO YANG - But travelmob team will retain 37% share of business By NG ZHUO YANG SINGAPORE-BASED vacation rental start-up travelmob has agreed to an acquisition by Nasdaq-listed HomeAway, a leading online marketplace for vacation rentals. The price and terms of the deal were not disclosed,386 words
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Article256 2013-07-18 10 ANGELA TAN - By ANGELA TAN SINGAPORE and Colombia have signed an Investment Guarantee Agreement (IGA), which seeks to provide a legal framework to protect bilateral investments. “With this IGA, Singapore companies can further explore new business and investment opportunities in Colombia, especially in sectors such as oil and256 words
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SINGAPORE ROUNDUP
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81 2013-07-18 10 DESIGNATED airlines can now fly between Singapore and Barbados, the Ministry of Transport said yesterday. Singapore has inked an open skies agreement with Barbados that allows airlines to fly between the two countries via and beyond to any third country, without restrictions in81 words
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113 2013-07-18 10 iAxil, the venture accelerator unit of Ascendas, has launched the iSTARTUP Programme in collaboration with the (ART+DATA) Institute of the United States. The programme will equip entrepreneurs with start-up skills, including know-how in gathering and translating data to build outstanding product designs. Those on113 words
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Page 10 Advertisements
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Advertisement529 2013-07-18 10 DIGILAND INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****0571K) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of the Company will be held at 10.00 a.m. on 2 August 2013 at Temasek Club, 1 Portsdown Road, Singapore *****5, Anvil529 words
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Advertisement107 2013-07-18 10 Setting up a call centre??? (T All-Touch Virtual Call Centre onverged Solutions Hosted Call Centre, Hosted SMS, Hosted IVR, Hosted CRM, On-Demand A newer C a k Mn noon t n h IJ11» IVTI t I 11^ From per month or anywnere __with Internet We can assist you to apply107 words
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Advertisement1569 2013-07-18 11 Shaping the future through innovation Keppel Corporation, a Singapore-headquartered conglomerate that operates in more than 30 countries with over 40,000 employees, baffles detractors of the conglomerate business form. As it celebrates its 45th anniversary, it says the drive to innovate is what makes the offshore marine-infrastructure-real estate group tick. Keppel1,569 words
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MALAYSIA/INDONESIA
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503 2013-07-18 12 Pahang project to generate monthly income of RM 10,000 for Felda settlers [KUALA LUMPUR] The East Coast Economic Region (ECER) now offers Felda settlers another industry commercial sturgeon farming as an additional economic means of developing the community. A RM120 million (S$47.5503 words
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384 2013-07-18 12 Money needed to finance extension of KL rail network Bloomberg [KUALA LUMPUR] Syarikat Prasarana Negara, Malaysia’s public transport operator, plans to sell RM4 billion (S$1.58 billion) of sukuk as it extends a rail network in Kuala Lumpur part of the government’s 10-year development plan. “WeBloomberg - 384 words
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Article, Illustration507 2013-07-18 12 Bloomberg [JAKARTA] Tin exports by Indonesia, the world’s largest supplier of the metal, may exceed earlier estimates by as much as 33 per cent after the government eased a quality rule, according to the country’s top producer. Sales will probablyBloomberg; PHOTO: BLOOMBERG - 507 words
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Advertisement62 2013-07-18 12 Zi Char reviews What I write: Whereveryouare Nosh Posh Management Hunger Food is my passion and my job is to communicate that joy to readers and get them really, really hungry. Tan Hsueh Yun, Food Editor, Life!/SundayLife! Wherever you are, we’re there too; bringing you reports whenever you want them,62 words
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GOVERNANCE: GAME CHANGER
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Article, Illustration1855 2013-07-18 13 MICHELLE QUAH - Corporate governance issues can be tricky enough on their own, but add in group structures and overseas subsidiaries and MICHELLE QUAH finds out we’re talking about a whole new level of complexity MICHELLE QUAH Discussions of good corporate governance practices tend to focus on governance1,855 words
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Advertisement207 2013-07-18 13 This is the second in a four-part thought leadership series brought to you by CPA Australia, in conjunction with this year’s CPA Forum on governance and transparency that will be held on Aug 1, 2013. Next week, we will look at the role played by institutional investors in the corporate207 words
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Advertisement366 2013-07-18 14 THE STRAITS TIMES WHEREVER YOU ARE *£>■JliJJia jSllSjS>l3 353 p i*j anil 113/3 *j*j JSB 3223!£ h,pdM£LM^^ =5^ ;V ffip&ffi. i-i I ‘'I ..I' 1 '—ai y e 1 uuii j v tew v A8L«u hr «rr—J '3 iik H i 3® f. :v IT.-' iffl Jr V k 4P366 words
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GREATER CHINA
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662 2013-07-18 15 ANTHONY ROWLEY - But it warns of growing threats to financial, fiscal and real estate sectors By ANTHONY ROWLEY in Tokyo AMID growing fears that China’s economic slowdown could damage growth in other parts of Asia, the International Monetary Fund (IMF) yesterday offered a relatively benign662 words
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443 2013-07-18 15 Govt to announce measures to support exports and imports Reuters [BEIJING] China’s Premier Li Keqiang won’t rush into changing his policy of pushing reform as long as growth stays within the official comfort zone, but he has also signalled he is aware the governmentReuters - 443 words
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265 2013-07-18 15 Bloomberg [NEW YORK] Alibaba Group Holding, China’s largest e-commerce company, tripled first-quarter profit on surging sales as it prepares for a possible initial public offering. Net income rose to US$669 million in the three months ended March from US$220Bloomberg - 265 words
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Advertisement393 2013-07-18 15 mm Vi f*. V&r. -s—- IS'® Bty r r- K- if, Ivsf 53 m ■»:> 1 1:5 ■S* ViL H I- ii 'V,.. UF 1 I i I--. i I g£ ■< j 1 mvH r !£i!f :r* > si IB i r > p 1 •■<•. hf~t i. *>393 words
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ECONOMY WATCH
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630 2013-07-18 16 German investor confidence declines on fears of falling exports to China AFP [LONDON] China’s slowdown has cast a shadow over Europe and Asia, sparking questions about Beijing’s ability to avoid a hard landing that would wreak havoc on the world economy, analystsAFP - 630 words
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Article, Illustration696 2013-07-18 16 Political crisis could hurt govt’s austerity programme Reuters [LISBON] Europe had hoped Portugal would stick to the austerity programme prescribed in its financial rescue, graduating next year and following Ireland in a successful recovery from economic slump. Instead, a political crisis has knocked the programmeReuters; PHOTOS: AFP, AP, REUTERS - 696 words
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274 2013-07-18 16 Reuters [GENEVA] The G-20 group of leading economies must prioritise jobs at their summit in Moscow later this week, the International Labour Organisation and Organisation for Economic Cooperation and Development said yesterday. Six years into the global financial crisis, the rate ofReuters - 274 words
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Advertisement177 2013-07-18 16 SELLING YOUR CAR, COMMERCIAL VEHICLE OR CAR ACCESSORIES ONLINE? POST YOUR AD FOR FREE AT STCARS.sg A ii STCars.SG STCarsSG Better yet, let us do the posting for you! Check out any of these 3 Ways to get started: DIY OR EMAIL Simply visit STCars.sg to self-register and place your177 words
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WORLD
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Article, Illustration509 2013-07-18 17 Bank aims to defend itself in court against power-market manipulation claims Reuters [NEW YORK] The US Federal Energy Regulatory Commission (Ferc) said Barclays and four of its power traders must pay fines totalling US$453 million, confirming the nation’s top energy cop will pursueReuters - 509 words
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284 2013-07-18 17 Switzerland’s UBS is in third place, followed by Wells Fargo, Credit Suisse Bloom berg [GENEVA] Bank of America Corp and Morgan Stanley held on to a slim lead over UBS AG in a 2012 ranking of the world’s largest wealth managers compiledBloomberg - 284 words
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667 2013-07-18 18 LYNN KAN - Strict controls in rich countries will make it more complicated to seal new deals By LYNN KAN [SINGAPORE] Asia’s national oil gas companies (NOCs) will find their ability to complete new acquisitions of clean-energy sources more complicated, said credit ratings agency Moody’s667 words
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Article, Illustration595 2013-07-18 18 Net income climbs to US$4.01b, beating estimates Bloomberg [NEW YORK] Bank of America (BOA), the second-big-gest US lender, said profit rose 63 per cent, beating analysts’ estimates as the company kept expenses in check. Second-quarter net income climbed to US$4.01 billion, orBloomberg; PHOTO: AFP - 595 words
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Article, Illustration561 2013-07-18 18 AFP [ATHENS] Greek lawmakers were scheduled to vote yesterday on a new austerity package involving a huge shake-up and maybe job cuts affecting 25,000 civil servants this year. The vote is going ahead despite mass protests against the reforms imposed in return for freshAFP; PHOTO: AP - 561 words
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481 2013-07-18 18 Reuters [BRUSSELS] The European Commission will propose capping the fees that banks charge retailers to process card payments, according to draft legislation seen by Reuters that will squeeze an important money-spin-ner for lenders and cut costs for consumers. The curbs, compared byReuters - 481 words
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244 2013-07-18 18 Reuters [LONDON] Rising costs of pensions and long-term care will put “unsustainable” pressure on Britain’s public finances unless £19 billion (S$36.39 billion) of spending cuts or tax rises are introduced, according to the country’s independent watchdog. The Office for Budget Responsibility (OBR)Reuters - 244 words
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Article, Illustration500 2013-07-18 19 Interconnected nature of markets creates potential for widespread impact Reu ters [NEW YORK] Around half of the world’s securities exchanges were the target of cyber attacks last year, according to a paper based on a survey of 46 exchanges released on Tuesday. The prevalenceReuters; PHOTO: BLOOMBERG - 500 words
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Article, Illustration456 2013-07-18 19 Reuters [LONDON] Mark Carney and all of his fellow policymakers at the Bank of England voted against a resumption of bond-buying at his first policy meeting as governor of the British central bank earlier this month. In an unexpected move, those policymakers who had previouslyReuters - 456 words
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345 2013-07-18 19 But Germany and Finland insist on IMF’s involvement Reuters [BERLIN] EU justice commissioner Viviane Reding called on Tuesday for the “troika” of the European Commission, the European Central Bank and the International Monetary Fund (IMF) to be dissolved. “The time of theReuters - 345 words
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Page 17 Advertisements
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Advertisement1727 2013-07-18 17 Keppel Land Limited (Incorporated in Singapore) (Co. Reg. No.: *****0001G) 1. UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 2013 The Directors of Keppel Land Limited announce the following unaudited results of the Group for the half year ended 30 June 2013: Second Quarter Half Year Note 30.06.13 30.06.121,727 words
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Page 18 Advertisements
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Advertisement498 2013-07-18 18 NOTICES KINERGY LTD. (Company Registration Number: *****0021D) (Incorporated in Singapore with limited liability) LOST SHARE CERTIFICATE The undermentioned share certificate has been reported lost, destroyed or mislaid:Certificate Nos. In the name of No. of Shares *****1 Low Puy Sien 5,000 NOTICE IS HEREBY GIVEN that a new certificate will be498 words
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Advertisement31 2013-07-18 19 HOT PROPERTY AVALON 1668 SOFT u LOOKING FOR HIGH FLOOR? Check this and many other properties in CATS Classified in The Straits Times now! WATs BUY IT• SELL IT* FIND IT31 words
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Advertisement61 2013-07-18 19 www.comexshow.com.sg Join us at #1 LARGEST I.T, DIGITAL, MOBILE, CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE COMING SOON! 5th 8th SEPT 2013 SINGAPORE EXPO HALLS 5 6 EXCLUSIVE SHOW OFFERS, NEW PRODUCTS, GREAT BARGAINSAND HUGE SAVINGS FOR PERSONAL, BUSINESS OR HOME (ORGANISER OF IT SHOW, FOOD BEVERAGE FAIR, COMEX AND WORLD FOOD61 words
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Advertisement1236 2013-07-18 19 新 BANK OFTAIWAN, SINGAPORE BRANCH BOARD OF DIRECTORS Chairman Liu, Teng-Cheng Managing Directors Chang, Ming-Daw, Tseng, Ming-Chung, Yang, Cheng-Chen Independent Managing Director Hsu, Yi-Hsiung Independent Directors Shen, Chun-Hua, Chen, Ming-Chin Directors Yang, Ming-Shyang, Chang, Chih-Hung, Rau, Hsiu-Hua, Lee, Kuang-Huei, Chen, Hsi-Chuan, Lee, Hao-Hsuan, Chen, Chun-Hsiung BALANCE SHEETS INCOME STATEMENTS Unit1,236 words
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EDITORIAL & OPINION
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503 2013-07-18 20 EDITORIAL MALAYSIA’S central bank must be commended for its measures to cool consumer borrowing: at almost 83 per cent of GDP, the country’s household debt level is among the highest in the region and could prove worrisome for the financial sector in the event503 words
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Article, Illustration862 2013-07-18 20 LEON HADAR - THE BOTTOM LINE LEON HADAR Washington Correspondent SO is the Federal Reserve in the process of revisiting, reassessing and perhaps even implementing an exit strategy for its aggressive monetary stimulus policy? Or is it postponing a debate over the issue and isn’t862 words
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Article, Illustration954 2013-07-18 20 ANTHONY ROWLEY - The plot so far seems to be in danger of going wrong with inflation refusing to reappear ANTHONY ROWLEY Tokyo Correspondent ENTER two new characters among the dramatis personae on the global economic stage. One is the “Governor for Fiscal Affairs” atPHOTO: REUTERS - 954 words
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Article, Illustration1034 2013-07-18 21 CLIVE CROOK - New capital rules, when phased in, will still fall far short of what’s needed By CLIVE CROOK The writer is a Bloomberg View columnist Bloomberg FIVE years after the great financial meltdown, have the US and other advanced economies done enough to head offBloomberg; governments.PHOTO: BLOOMBERG - 1,034 words
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Article, Illustration873 2013-07-18 21 NEETA LAL - By NEETA LAL The writer is a New Delhi-based journalist THE silver jubilee celebrations of the Securities and Exchange Board of India (Sebi) this year showcase the country’s apex financial regulator’s impressive growth trajectory. Sebi acquired statutory powers from an Act ofPHOTO: AFP - 873 words
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AVIATION/SHIPPING
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409 2013-07-18 22 NISHA RAMCHANDANI - Passengers in premium cabins on international routes up 2% y-o-y By NISHA RAMCHANDANI AIR travel markets appeared to slow down in May, with the number of passengers travelling in premium cabins on international routes growing by 2 per cent year-on-year. In contrast,409 words
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Article, Illustration503 2013-07-18 22 All Nippon Airways, Japan Airlines report no problems found NYT [TOKYO] All Nippon Airways and Japan Airlines, the world’s biggest operators of Boeing’s 787 Dreamliner, said on Tuesday that they had completed emergency checks on their fleet and found no threats to safety afterNYT; PHOTO: REUTERS - 503 words
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Article, Illustration374 2013-07-18 22 AFP [GROSSETO, Italy] The trial of cruise ship captain Francesco Schettino resumed yesterday, with the defendant dubbed “Italy’s most hated man” facing 20 years in prison for a spectacular 2012 wreck in which 32 people lost their lives. Schettino is accused of multiple manslaughter, abandoning shipAFP - 374 words
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Article232 2013-07-18 22 SGX '000 Jul 17 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.25 unch 125 s$ CWT Ltd Vol First Ship Lea unch Freight Links 0.10 unch 4637 Grand Banks.............unch unch 0 Jaya Hold Ltd unch unch 0 K1Ventures................0.18 unch 546 Keppel Corp 10.88 -0.04 2249 Mercator Lines232 words
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402 2013-07-18 22 AP [CHICAGO] A Chicago law firm has taken steps to sue Boeing Co on behalf of 83 people who were aboard the Asiana Airlines flight that crash-landed in San Francisco earlier this month, alleging that a malfunction of the plane’s autothrottle mayAP - 402 words
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324 2013-07-18 22 AFP [PANAMA CITY] Panama on Tuesday called for UN inspections of missile parts found aboard a North Korea-flagged vessel as it approached the Panama Canal, weapons Cuba later claimed as its own. The shipment could constitute a violation of strictAFP - 324 words
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Page 22 Advertisements
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Advertisement36 2013-07-18 22 tabla! THE HEARTBEAT OF THE INDIAN COMMUNITY PRATA PARADISE So many varieties here that you are spoilt for choice WIN SILKAIR TICKETS TO KOTA KINABALU GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS WHILE STOCKS LAST36 words
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Page 22 Miscellaneous
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Miscellaneous351 2013-07-18 22 CRYPTIC CROSSWORD Across 4 Most quiet end to this match it’s bad getting caught (8) 8 A refusal by cleric to go round Italian city (6) 9 Brood at home one of the youngsters took food (8) 10 Roof needs seemingly 45 minutes group work (8) 11 Constructed a spoken351 words
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Page 23 Advertisements
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Advertisement509 2013-07-18 23 The Business Times Shipping times Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) VESSEL VOY SIN NOU SUVA BUS MOTHER VESSEL NOU SUVA BUS APIA PAGO PAPEETE N’LOFA VILA SANTO TARAWA WESTPHALIA 1301E 17 Jul 28 Jul509 words
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Advertisement440 2013-07-18 23 FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION BERJAYA 1 09/13 23/07 25/07 BELITUNG/PKL BALAM SIANIRI 10/13 22/07 24/07 JAMBI/PEKAN BARU FAJAR MAS 07/13 19/07 21/07 PALEMBANG/PANJANG SINOPA 12/13 22/07 24/07 BENGKULU/PADANG SRI JAYA 8 08/13 19/07 21/07 BELAWAN/LHOKSEUMAWE CARAKA JN332 06/13 24/07 26/07 SABANG/MALAHAYATI440 words
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Advertisement456 2013-07-18 23 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN TAMPA CF321 01/07 06/07 10/07 15/07 22/07 ENDURANCE FF329 18/07 22/07 24/07 26/07 31/07 07/08 TAMERLANE FF333 10/08 14/08 17/08 19/08 24/08456 words
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SINGAPORE STOCKS
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Article3076 2013-07-18 24 Transaction date: Jul 17 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote 10.4 7 AEM --AAT M Cap 188 106 AIMSAMPIReit 164 +1 233 164 162 162.53,076 words
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Article240 2013-07-18 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 2.4 1.3 t Advanced System 1.5 unch 350 1.5 1.4 1.4 1.5 23.8 Last Quote Div Gr Yld Net M Cap High240 words
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Article11141 2013-07-18 25 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited .0 8947/ Global Emerging Markets!** 0 9955/ 1.9577/ China Opportunities 7 8741/ FM local Cry Bond .0 9407/ European Opportunities!’’ 1.1956/ Global Emerging Markets!” Global11,141 words
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Article262 2013-07-18 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 49.1 25 AVJennings A41.5 -2.5 9 41.5 41.5 41.5 45 3.6 8.4 3.4 153.6 52 31 Genting HK US$ US43.5 -0.5 2000 44.5 43.5 43.5 44 2864.3262 words
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Article916 2013-07-18 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF Last 143 120.4 CIMB APAC Div 100S$D 127.7 134.7 135.6 114.4 99 CIMB APAC Div 100US$ US99.2 106.8 107.7 10.4916 words
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FINANCE & COMMODITIES
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Article643 2013-07-18 26 Jul 17 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.80 *****.04 *****.56 Sep13 *****.00 *****.00 *****.00 *****.00 ***** *****2 Dec13 *****.00 0 ***** MSCI TAIWAN INDEX FUTURES SPOT 293.33 293.98 291.93 Jul13 292.60 293.40 291.30 292.40 ***** *****0 Aug13 290.00 290.50 289.10 289.80643 words
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373 2013-07-18 26 In local curr In S$ In US$ dy yr dy yr dy yr Jul 16 Index Change Change Change Change Change Change World Preliminary 1079.6 -0.4 15.1 -0.5 15.5 -0.1 12.0 EAFE Preliminary 882.3 -0.2 13.9 0.0 10.7 0.4 7.3 Europe Preliminary 1240.1 -0.6 8.1373 words
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Article471 2013-07-18 26 Jul 17 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.957 5.643 0.700 7.138 54.594 92.424 0.917 10.320 2.935 1.172 92.429 39.928 1.162 9.085 0.866 27.506 28.624 0.609 0.920 Canada 1.045 5.897471 words
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Article64 2013-07-18 26 Jul 17 (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$) 0.***** 3 mths 3 mths 0.***** 6 mths 0.***** 9 mths 0.***** 12 mths 0.***** SWAP Mid64 words
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Article139 2013-07-18 26 Jul 17 GOLD(US$/oz) Jul 16 Jul 17 Hong Kong 1294.10 1297.40 Jul 15 Jul 16 London 1284.60 1291.40 1285.35 1292.15 Source: Thomson Reuters CAST BAR Jul 17 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 118 52 5gm 334 261 10gm 597 522139 words
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Article92 2013-07-18 26 Jul 17 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.26 6-Month BS*****W 10-Jan-14 0.29 1-Year BY*****H 02-May-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 100.05 100.08 100.07 5-Year N*****0T 0.592 words
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Article57 2013-07-18 26 Jul 17 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 13 2280.0 2259.0 2297.0 2271.0 430 6226 Sep 13 2254.0 2245.0 2293.0 2254.0 7098 ***** Oct 13 2236.0 2228.0 2274.0 2236.0 ***** ***** Nov 13 2238.0 2224.057 words
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Article155 2013-07-18 26 Jul 17 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1614 1.1627 0.9198 0.9204 Canadian dollar 1.2140 1.2147 0.9615 0.9614 Euro 1.6598 1.6609 1.3145 1.3147 NZ dollar 0.9910 0.9921 0.7848 0.7853 Sterling pound 1.9064 1.9078 1.5098 1.5102155 words
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Article121 2013-07-18 26 As at 9am Jul 17 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.190 1.134 Can dollar 1.235 1.188 Euro 1.693 1.613 Sterling pound 1.940 1.866 NZ dollar 1.016 0.977 US dollar 1.285 1.224 Local dollars to 100 units of foreign121 words
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Article157 2013-07-18 26 Jul 17 $S Offer Bid 0vernight 0.03 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.01 US$ 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 0.55 0.35 9 months 0.65 0.45 12157 words
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Article109 2013-07-18 26 Jul 16 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 13 1475.25 1453.75 1488.00 1453.00 Sep 13 1335.50 1314.50 1344.25 1316.25 Nov 13 1286.25 1263.75 1297.00 1265.50 Jan 14 1291.25 1268.50 1302.00 1270.50 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 13109 words
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Article95 2013-07-18 26 Jul 16 COCOA (£/tonne) Close Prev High Low Jul 13 1538 1515 1543 1518 Sep 13 1582 1545 1588 1551 Dec 13 1574 1543 1582 1552 Mar 14 1561 1534 1570 1540 COFFEE(US$/tonne) Close Prev High Low Jul 13 1926 1884 1945 1919 Sep 13 1946 1904 1965 190695 words
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1109 2013-07-18 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 0.4 1 123 1134 25.00 10 Conv Acma Ltd W*****7 0.7 unch 4267 1 4 38 4.86 36 Albedo Limited W*****9 Price AlliedTech W*****2 Disc Ascendas Reit MB1,109 words
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Article70 2013-07-18 26 CRUDE OIL PRODUCTS Jul 16 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 108.23 0.22 WTI (Near Mth) 105.89 -0.51 Dubai (1-Mth F) 104.43 0.68 Tapis blend 114.65 0.93 Minas 108.95 0.93 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 100.00 0.06 Jet Kerosene 122.53 0.33 US$/barrel OpecOil Basket70 words
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Article22 2013-07-18 26 Jul 17 S$ Bid Offer 1-month 1.2627 1.2633 2-months 1.2626 1.2634 3-months 1.2626 1.2634 6-months 1.2627 1.2637 Source: OCBC22 words
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Article65 2013-07-18 26 Jul-16 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1770.25 1760.00 3 months 1815.00 1804.50 Copper, Grade A(US$/tonne) Cash 6981.50 6892.75 3 months 6998.00 6917.00 Lead(US$/tonne) Cash 2061.75 2040.75 3 months 2075.00 2055.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.0065 words
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PROPERTY
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Article, Illustration1409 2013-07-18 27 JAMES NASH - JAMES NASH looks at why the opening of the east span has been delayed again and cost estimates have swelled to about US$6.4b JAMES NASH Bloomberg [LOS ANGELES] IGHT years after a section of the San Francis-co-Oakland Bay Bridge collapsed in the 1989 LomaBloomberg; BLOOMBERG FILE PHOTO - 1,409 words
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285 2013-07-18 27 Reu ters [LONDON] The Walkie-Talkie skyscraper in London’s financial district should be two-thirds let by the time it opens next year as companies revive moving plans shelved during the financial crisis, developer Land Securities said. The tower, located in the City of London’sReuters - 285 words
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Article801 2013-07-18 27 PROPERTY TRANSACTIONS FOR DISTRICTS 4 TO 27 WITH CONTRACT DATES BETWEEN JUNE 19 AND JUNE 25, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 4 NON-LANDED Caribbean At Keppel Bay Apt 21/06/2013 99 1335 2200 1648 Corals At Keppel801 words
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Article, Illustration908 2013-07-18 28 But its plans to be a gambling hotspot still face political, religious opposition AFP [COLOMBO] Multi-mil-lion-dollar casinos planned for Colombo have boosted Sri Lanka’s ambitious hopes of becoming Asia’s new gambling hotspot, but the projects still face political and religious opposition. Sri LankaAFP; PHOTO: AFP - 908 words
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286 2013-07-18 28 Bloomberg [SYDNEY] Australian Prime Minister Kevin Rudd has abandoned plans to sell his five-bedroom house in Canberra for A$2.25 million (S$2.6 million) following seven weeks on the market. The house in the suburb of Yarralumla, a five-minute drive from Australia’s Parliament House,Bloomberg - 286 words
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Article, Illustration465 2013-07-18 29 They also worry about rising home prices and low inventory: poll WP [WASHINGTON] In the current housing market, prices are high, the supply of homes is low and credit is tight. But the number one concern for potential homebuyers is rising mortgageWP; PHOTO: AFP - 465 words
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340 2013-07-18 29 Private equity firm exiting investment amid surge in US home prices Bloomberg [NEW YORK] Apollo Global Management LLC is selling its remaining shares in Realogy Holdings Corp, exiting its investment in the residential brokerage company as US homebuying demand spurs the biggest jumpBloomberg - 340 words
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Article, Illustration464 2013-07-18 30 100 shopping centres planned across the country in next 3 to 5 years Bloomberg [BEIJING] Zong Qinghou, China’s richest man who is worth an estimated US$11.3 billion, plans to add more malls across Chinese cities as he considers an initial public offering (IPO)Bloomberg; PHOTO: AP - 464 words
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263 2013-07-18 30 Bloomberg [TOKYO] Property transactions in Japan jumped 50 per cent in the first half of 2013, heading for the most in five years, amid efforts by Prime Minister Shinzo Abe to boost the economy, according to Jones Lang LaSalle Inc. Sales of offices,Bloomberg - 263 words
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208 2013-07-18 30 Xinhua [WELLINGTON] One of China’s biggest building firms has agreed to enter a joint venture with a major New Zealand construction company in carrying out work on the reconstruction of New Zealand’s earthquakebattered second city of Christchurch. Arrow International yesterday announced that it hadXinhua - 208 words
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Article, Illustration397 2013-07-18 32 ANNABETH LEOW - The property near upcoming Gul Circle MRT station is zoned for Business 2 use By ANNABETH LEOW A FACTORY in Jurong is up for sale with an indicative price of $8 million. Jones Lang LaSalle (JLL) is conducting the sale of397 words
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375 2013-07-18 32 Xinhua [BEIJING] The long-dis-cussed expansion of China’s property tax plan has once again come under the spotlight following a renewed pledge by tax authorities to research the plan. The State Administration of Taxation (SAT) said in a circular issued late Tuesday that it willXinhua - 375 words
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334 2013-07-18 32 Reuters [SYDNEY] Australia has been building more new homes, offices and shopping centres than previously thought, according to revised data from the government, a promising sign that a key area of the economy is on the path to recovery. The new figures wouldReuters - 334 words
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188 2013-07-18 32 Bloomberg [HONG KONG] Swire Properties Ltd, the Hong Kong builder investing more than US$1 billion in a development in Miami, said that it is paying over US$64 million to buy a nearby site in the city to add to its BrickellBloomberg - 188 words
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Page 27 Advertisements
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Advertisement12 2013-07-18 27 Search.savills.asia IBB China Hong Kong Singapore Taiwan Thailand Vietnam Agency no. Lsoogesse12 words
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Advertisement396 2013-07-18 28 The Ritz-Carlton Residence-’ The Ritz-Carlton Residences® Singapore, Cairnhill 100 years of history. Countless rewards. Be pampered by the legendary Ritz-Carlton services and amenities. Premium three and four-bedroom Residences are now available for long-term lease. 2012 Dennis Chan Head of Sales 9126 1883 Admond Lim Sales Manager 9768 9988 info@haydenproperties.biz www.rcresidences.com.sg396 words
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Advertisement68 2013-07-18 28 IAPANESE INVESTOR SEEKING PROIECTS IN SINGAPORE Seeking to Invest in Whole Block Property such as Office, Hotel or Serviced Apartments in Singapore rnntart BsJTOKIO PROPERTY SERVICES PTE LTD SO 6737 5187 Hp 9670 0285 FOR LEASE BRAND NEW LIGHT INDUSTRIAL AT ALJUNIED Walk to Raya Lebar MRT Sizes: 9,000 to68 words
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Advertisement333 2013-07-18 28 r w 111 EMERALD HILL BRAND NEW luxury development in Emerald Hill conservation area Ready for immediate occupation Spacious 3 4 bedroom apartments with unobstructed views 58 car park lots for 40 exclusive units Near Paragon, Mount E Hospital, Somerset MRT ION Orchard Freehold, foreigners eligible Cynthia Wong Marilyn Tan333 words
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Advertisement65 2013-07-18 28 COLLECTIBLES BRAND NEW RARE ELITE ARDMORE Prestigious Address Mm $5.xM LEONIE/CAIRNHILL Vtelkto Paragon, Concierge Designer Ibdrm $l.xM, Mm $3.xM BUNGALOW ENCLAVE Goodwood/Leedon, Greenery, Low rise, Huge site 3bdrm $3.xM SUPER LUX Award winning, iconic 4-6 bdrm Including Penthouses fr. 4000sf to MOOOsf Sharon Lee R*****7G/L*****08E Realty *****665 Luxury Homes I65 words
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Advertisement61 2013-07-18 29 Medical Suites for Lease •Minutes to Gleneagles and Mt Elizabeth hospitals,luxuryhotels and OrchardRoad •Multi-disciplinarymedicalcentrewithover100topmedicaland healthcarespecialists •Locatedintheheartofexpatcommunityof TanglinandHollandareas •RadiologyLaboratories •PharmacyandDiagnosticLaboratory •ShuttlebustoOrchardMRT Medical Expertise. Privacy Location. F or l eas i n g en q u i r i es p l ease ca ll Audrey 6434 9808 Keith 6434 9832 Valerie61 words
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Advertisement339 2013-07-18 29 r 1 si NEW SOUTH QUARTER 1 1 n 111 an 1 T: n 7U 1 mmnm\ B IB -a 1 ILI r i I A Fantastic Collection of apartments in the Vibrant and Popular area of Croydon. Prices from £165,000" 1 bedroom suites, 1 2 bedroom apartments, all with339 words
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Advertisement247 2013-07-18 30 Building Wealth Through Global Property Investment We help our clients identify opportunities, BUILD PORTFOLIOS AND HELP THEM MAXIMIZE THEIR WORLD-WIDE ASSETS UNDER MINIMAL RISKS. 'A “Ti; IK T^-^'-fiifuTiiiriain in INCOME GENERATING ASSETS -Benefit from secure ami regular income returns plus long-term asset appreciation Commercial Buildings in Business District with 3-4%247 words
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Advertisement513 2013-07-18 31 GALLIARD ARE BACK BY DEMAND BALTIMORE TOWGR CANARY WHARF LONDON El 4 INVEST FROM £415,000 BECOME ELITE IN LONDON The fastest selling Canary Wharf apartments from Galliard Homes. Luxurious suites 1,2 3 bed apartments rising 450 feet above Canary Wharf’s iconic skyline. i- iiiM All with glazed balcony many over513 words
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Advertisement348 2013-07-18 32 SANSIRI A 1 m mmn -f \1 j— i Dj i «5i- gsggl J5W '■■-=sNv JFFa+Jt YOUR FOOTPRINTS BEING THE FIRST IN THE SAND. IT’S UNFORGETTABLE. Baan Mai Khao, Phuket’s New Freehold Beachfront Condominium 1 to 3-bedroom units penthouses 640 to 2,830 sq.ft. Price starts at SGD 285,000* Foreign freehold348 words
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Advertisement30 2013-07-18 33 IMPORTANT DATES EVENT DATE TIME Public Offer Starts 17 July 2013, 6:00 p.m. Public Offer Ends 22 July 2013, 12:00 noon Listing on the SGX-ST 24 July 2013, 2:00 p.m.30 words
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Advertisement933 2013-07-18 33 SUBSCRIBE NOW! A HIGH QUALITY RETAIL PROPERTY PORTFOLIO (a real estate investment trust constituted on 9 July 2013 under the laws of the Republic of Singapore) NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA. Disclaimers: This advertisement933 words
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Advertisement399 2013-07-18 34 PARAGON REAL ESTATE EXPOSURE TO ORCHARD ROAD THROUGHPARAGON, ONE OF SINGAPORE’S MOST ICONIC RETAIL MALLS AUNIQUE COMBINATIONWITH SUBURBAN RETAIL PROPERTY EXPOSURE THROUGH THE CLEMENTI MALL TOTAL PORTFOLIO VALUED AT OVER S$3.0 BILLION1 A RESILIENT PORTFOLIO 100% COMMITTED OCCUPANCY2 45 MILLION VISITORS IN ***** DISTRIBUTION YIELD OF 5.79% FOR PROJECTION YEAR399 words
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Advertisement335 2013-07-18 34 A HIGH QUALITY RETAIL PROPERTY PORTFOLIO (a real estate investment trust constituted on 9 July 2013 under the laws of the Republic of Singapore) CLEMENTITHEMALL OFFERING OF 308,884,000 UNITS (subject to the Over-Allotment Option (as defined in the Prospectus)) OFFERING PRICE: S$0.90 PER UNIT Distribution yield1 5.58% 5.79% Projection Year335 words
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THE BUSINESS TIMES Offshore Oil & Gas 2013
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Article, Illustration1008 2013-07-18 1 I F there was an expectation that deepwater oil and gas production would retreat into the shadows after the Deepwater Horizon rig explosion and resultant oil spill in the Gulf of Mexico, that thought can be laid to rest. Global spending and activity in deepwater1,008 words
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Article, Illustration1059 2013-07-18 2 LYNN KAN - O&G companies look to Singapore’s pro-business environment, talent pool and geographic proximity to other markets, reportsLYNN LYNN KAN SINGAPORE’S ties with the oil and gas industry may baffle conventional thought. The country is after all bereft of any natural resources to exploit. In1,059 words
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Article, Illustration896 2013-07-18 4 JORGE LEIS, JOHN MCCREERY - National oil firms have taken more control over their resources, and have also become more comfortable sourcing their own talent and developing their own fields, jorge leis and john mccreery find out JORGE LEIS, JOHN MCCREERY Jorge Leis leads Bain Company’s North American Oil Gas practicePHOTO: BLOOMBERG; Source: Bain analysis - 896 words
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Article344 2013-07-18 6 / 7 LYNN KAN - lynn kan takes a look at four different Asia players that have been making waves in the offshore oil and gas industry LYNN KAN FISCAL turmoil in the West but steady economic growth in Asia has spelt for interesting times for oil and gas344 words
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Article, Illustration339 2013-07-18 6 / 7 EZION Holdings has been “blessed” to have a foot through the door in the Curtis Island LNG blockbuster project in Queensland, Australia in late 2011. While its sizeable fleet of 45 marine logistics support vessels clearly made Ezion a strong contender, it was a339 words
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Article, Illustration377 2013-07-18 6 / 7 SAPURAKENCANA Drilling is both new yet a veteran in tender-assisted rig drilling at the same time. The entity was formed after Malaysian-owned SapuraKencana Petroleum wrapped up a huge US$2.9 billion transaction to buy over the entirety of Seadrill’s tender rig fleet. A tender-assisted drilling rig comprises377 words
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Article, Illustration368 2013-07-18 6 / 7 JAYA Holdings is not a new kid on the block. It has been around for 30 years, founded by Chan Mun Lye, and pioneered a unique model of building ships before demand for both charter and sale. In 2012, Jaya got a new captain at368 words
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Article, Illustration353 2013-07-18 6 / 7 WHEN Triyards Holdings stepped into its new identity as an independent entity late last year, it came armed with an Orion’s Belt of yards in Vietnam and Houston, Texas. The group was part of Singapore-listed Ezra Holdings for a while, building self-elevating units353 words
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Article, Illustration2798 2013-07-18 8 THE hunt for energy has never been more interesting: Environmental regulations are diversifying energy sources away from fossil fuels and technology is pushing the barriers of what is possible for oil and gas exploration. BT quizzes heads of prominent offshore firms about what2,798 words
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Article, Illustration1270 2013-07-18 10 PEK HAK BIN, TIM ROCKELL, MARK ELIA - PEK HAK BIN, TIM ROCKELLandMARK ELIAidentify nine areas that speak to the O&G industry’s needs, and what the Republic should focus in order to remain competitive in the region PEK HAK BIN, TIM ROCKELL, MARK ELIA Pek Hak Bin and Mark Elia are the head and director,Source: KPMG - 1,270 words
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Article, Illustration680 2013-07-18 11 MICHAEL STOPPARD, SHANKARI SRINIVASAN, JAMES TAVERNER - MICHAEL STOPPARD, SHANKARI SRINIVASAN and james taverner highlight some of the factors that will shape ‘The New Map of Global Gas’ in the years ahead MICHAEL STOPPARD, SHANKARI SRINIVASAN, JAMES TAVERNER VAST changes are sweeping across the world’s natural gas markets. Ideas about where naturalPHOTO: AFP - 680 words
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Article, Illustration875 2013-07-18 12 FRANCIS KAN - BG Group’s S’pore head tells FRANCIS KAN that having multiple aggregators provides opportunity to grow their business as part of a competitive process FRANCIS KAN SINGAPORE should look to secure its future liquefied natural gas (LNG) imports from multiple suppliers to capitalise on875 words
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Advertisement152 2013-07-18 1 CONTENTS Reshaping the playing field PAGE 4 I Into the realm of O&G firms PAGE 6,7 I Strengthening S’pore’s position PAGE 10 I Changing future of natural gas PAGE 11 i GAYLIN m Trusted For Lifting Rigging F j La- V -V. 4»> I ■a r3i S& H v VB152 words
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Advertisement70 2013-07-18 2 'A »•> -r 1 I n Ci-f 'I m I 6 4 4) 1 A Offshore Marine Centre 4 w^ness Managed by J> Junong Port The Offshore Marine Centre (OMC), developed byJTC Corporation managed by Jurong Port is a common-user facility offering a suite of integrated marine terminal logistics services70 words
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Advertisement171 2013-07-18 3 TION ECTOR'S i i k i i 4 L FT Hi N Discover a company where customer loyalty is engraved in stone. Sembcorp Marine has turned marine and offshore construction into an art form. We have a relentless focus on detail, an unyielding commitment to quality and safety, and unparalleled171 words
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Advertisement130 2013-07-18 4 BG GROUP Ss Jm i v.n ■•a. V. S-v tt 2 SB a£ 1 5fc* f fr^ b5 J f I to Singapore BG Singapore has been appointed by the Energy Market Authority (EMA) of Singapore as the exclusive supplier and aggregator of demand for the first B million tonnes130 words
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Advertisement103 2013-07-18 5 »ir I Jg V 7 V Eg EMAS »/i r* 7:- T- r 4S- -r-v ss^S-rS: it' sss: 3^s «a 'Si >■_ X ass SS VI »k~~ 1 y m. .VS V-7* 7 v7 vf. The EMAS Group comprises over 5,000 employees with assets and services across five continents. With103 words
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Advertisement332 2013-07-18 6 / 7 I 1 P w i ;!r 0 f -=!M r SS V 4. rasa -t ■f Hi u ■I K is ti 9i THE WORLD S OUR PASSION EXCELLENCE S OUR PURSUIT STERLING HERITAGE Registered in Singapore in 1992 as PSC Heavy Lift (Asia) Pte Ltd, we operated as the332 words
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Advertisement236 2013-07-18 6 / 7 1 1 rev ev 1 CO I u mon 1 fl V s r 2 78 78 Np ■f8 7 If? f as I /J: -,-rT SS- ;7 m IB t?7 ■44J 71 .7 4' BlW Sjvsr T: V* b^^-1 I n p liL m K r' It rs "tk236 words
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Advertisement140 2013-07-18 8 —LV ■> t: a 91 r fL .te The Region’s Integrated Oil and Gas Hub KS Energy, A Singapore Company Answers the Region’s Needs with Global Capabilities. KS Energy is a leading one-stop energy services provider to the global oil and gas, marine and petrochemical industries. The shares of KS140 words
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Advertisement83 2013-07-18 8 BRIDON m Global technology leader in the manufacture of wire and rope solutions for the world's most demanding applications Bridon Neptune Quay Bridon Neptune Quay is a state of the art manufacturing facility that makes the longest and most complex high performance ropes in the world for offshore Oil and83 words
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Advertisement700 2013-07-18 9 A One-Stop Solution for All Your Welding, Gas and Safety Needs At Leeden, we understand the needs of the Oil Gas industry. That’s why, over the past 49 years, we have developed on our heritage as a reliable provider of quality welding products to emerge as Asia’s Integration Specialist for700 words
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Advertisement189 2013-07-18 10 THE PREFERRED FARTHER FOR EXGELLERCEIR COMPLEX PROJECT executions AGRO US AGIfSO AGKO u 3YNTEC «a I ■KKStt'dQ k AGRO Progress® nickel-plated brass Progress® synthetics Syntec® nickel-plated brass Syntec® synthetics EMC EX Elbows Accessories o oo your quality-connection Since 1992, Cable Accessories Networks (CAN) has been at the forefront in providing189 words
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Advertisement227 2013-07-18 11 The New Map of Global Gas is an IHS multi-client study completed in June 2013. Michael Stoppard is a managing director at IHS and a member of the IHS Energy Research Council. Shankari Srinivasan is managing director for Gas, Power, Renewables for Europe, Middle East and Asia at IHS. James227 words
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Advertisement395 2013-07-18 11 CAUTION^ V v EFFECTIVE SOLUTIONS TO ENHANCE WORKPLACE SAFETY V V A" s® Approved applicator and authorised distributor of: Big Foot® Anti-Slip Coatings nmriTE Distributor and stockist for a wide range of cable protectors ANTI SLIP COATING Prevents costly slips and falls where you have pedestrian traffic Increases safety of395 words
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Advertisement289 2013-07-18 12 PREMIERE SCANA TECHNOLOGY www.premierescana.com Premiere Scana Technology A Company that provides the I rJRS Global Standards for Offshore Crane and OSV Wire Rope Inspection to ensure absolute safety during operations. m m r w r4 > i* Premiere Scana Technology 10 Admiralty Street #05-13 North Link Building Singapore *****5 Attn:289 words
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