The Business Times, 3 August 2013
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2013-08-03
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The Business Times
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Title Section20 2013-08-03 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g AUGUST 3-4, 2013 S$1.00| MICA (P) 075/08/2012 sph A SINGAPORE PRESS HOLDINGS PUBLICATION20 words
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30 2013-08-03 1 BIG BLUSH THE global professional services never thought it would end up being kissing cousins with a Spanish soft porn magazine, EY! Magateen. 230 words
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Article38 2013-08-03 1 MAGIC MATH A COUNTRY slightly larger than Sweden has been added to the US economy in a single stroke, following a big revamp in the way US gross domestic product is computed. 438 words
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29 2013-08-03 1 ANOTHER VIEW SINGAPORE Exchange disputes Moody’s assertion that rapid loan growth and rising property prices have endangered the health and stability of the market. 629 words
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Article30 2013-08-03 1 INVESTMENT LOSS THE drop to $597 million is due mainly to investment losses at its insurance unit, Great Eastern, that overwhelmed strong banking results. 1230 words
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892 2013-08-03 1 Siow Li Sen - They are selling more loans then ever but some staple sources of income are drying up By Siow Li Sen lisen@sph.com.sg Singapore THE terrain may be uphill, but the three local banks are marching in step. Despite markets slowing down at892 words
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Article, Illustration878 2013-08-03 1 Samuel Ee - By Samuel Ee samuelee@sph.com.sg Singapore THEY are wealthy, they are often older, and they are the ones driving the new car market. Their purchases have made MercedesBenz and BMW Singapore’s top two brands. Between them, the German luxury makes accountedPHOTO: BLOOMBERG - 878 words
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Page 1 Advertisements
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Advertisement35 2013-08-03 1 the business www. usinesstimes.com. g AUGUST the raffles conversation FRANCESCO TRAPANI, LVMH PRESIDENT FOR WATCHES JEWELLERY 10-11 WEALTH Losing money in a winning game 33 MOTORING Bentley’s Flying Spur L19 LIVING The new catering L2-535 words
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TOP STORIES
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Article, Illustration542 2013-08-03 2 It now shares a moniker with EY! Magateen, a magazine which features near-naked male models in suggestive poses Singapore ONE can bet global professional services firm EY never thought it would be kissing cousins with a Spanish soft porn magazine when it launched its542 words
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MARKETS
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Article58 2013-08-03 2 GSTI 3,254.13 (+10.84) GSTI FUTURES 3,223.00 (+11.00) GSIMSCI 372.55 (+1.39) GSIMSCI FUTURES 369.00 (+0.40) Friday Change KL COMP 1,782.51 +4.69 NIKKEI 225 14,466.16 +460.39 HANG SENG 22,190.97 +102.18 SET 1,420.94 -16.57 JAKARTA 4,640.78 +16.44 MANILA 6,533.95 -127.49 KOSPI 1,923.38 +2.64 SHENZHEN B 783.70 +4.96 MUMBAI IND 19,164.02 -153.17 12noon58 words
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Article29 2013-08-03 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.416 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.51 INDIA 14.45 Source: Bloomberg29 words
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Article49 2013-08-03 2 FOREX US$ S$ US$ (S$ per US$) 1.276 (US$/S$ per 1.514 1.932 EURO(US$/S$/€ 1.322 1.687 Foreign currency per US$ S$ YEN 99.60 78.00 RM 3.257 2.552 HK$ 7.756 6.077 BAHT 31.39 24.59 RUPIAH 10,283 8,057 RENMINBI 6.130 4.803 INDIAN RUPEE 60.73 47.58 A$ 1.123 0.880 NZ$ 1.271 0.99649 words
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680 2013-08-03 4 Anna Teo - Revamped GDP calculation includes spending on R&D and production of original artistic and literary works By Anna Teo anna@sph.com.sg Singapore THE US economy is much bigger and a bit healthier than earlier thought, following a big revamp in the way US gross domestic product680 words
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635 2013-08-03 4 LATEST US DATA AP Reuters Washington EMPLOYERS in the US added 162,000 jobs in July, the fewest since March. The gains were enough to lower the unemployment rate to a four-year low of 7.4 per cent, a good sign in an otherwise lacklustreAP; Reuters - 635 words
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722 2013-08-03 6 Mindy Tan - Singapore Real Estate Exchange Property Index data refutes Moody’s downgrade By Mindy Tan tanmindy@sph.com.sg Singapore NOT only are home prices within reason, housing affordability measured by the mortgage debt servicing ratio (MDSR) is well within its historical norm. This would mean that Moody’s assertion722 words
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719 2013-08-03 8 Michelle Quah - Global asset manager believes this will be to their detriment and urges them to diversify away from domestic markets By Michelle Quah michquah@sph.com.sg Singapore WHILE the rest of the world’s investors are moving away from investing in their home markets, this trend is not719 words
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Article, Illustration366 2013-08-03 8 Siow Li Sen - By Siow Li Sen lisen@sph.com.sg Singapore DBS Bank has sold its first Turkish bond, a debut by a local bank for deals from that country. The US$450 million, sev-en-year deal from Mersin International Port was priced yesterday at 5.95 per cent, said Clifford366 words
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Page 2 Advertisements
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Advertisement89 2013-08-03 2 CONTENTS NEWS Top Stories 2-8 Week In Review 9 Raffles Conversation 10-11 Companies 12-15 From the Desk of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-35 Show Me The Money 33 Househunt 34 LIVING Dining L2-5 Travel L6-9 Home Garden L10-11 Design L12-13 Style L14-15 Sports89 words
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Page 3 Advertisements
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Advertisement64 2013-08-03 3 Peter Ceter LIVE IN SING GRAMMY AWARD WINNING SINGER/SONGWRITER THE VOICE BEHIND CHICAGO'S SMASH HITS, “IF YOU LEAVE ME NOW” “YOU'RE THE INSPIRATION” n > 8 PM SAT 14 SEPT 2013 THE STAR PERFORMING ARTS CENTRE TICKETS ON SALE AT SISTIC WWW.SISTIC.COM.SG mm Wm-: I v 3 K L O64 words
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Page 4 Advertisements
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Advertisement61 2013-08-03 4 SINGAPORE -SWEEP1 ST PRIZE $2,300,000 2"» PRIZE $500,000 3 BD PRIZE $250,000 9 sets of 2D Delight prizes at $6 each 010 Boom i Draw No 08/2013 $3S Dr avv Date ?0 ’3#8 iu S35B0940 »KB; DRAW ON WEDNESDAY, 7 AUGUST 2013 p A Always play with care. responsibiyj Do61 words
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Page 5 Advertisements
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Advertisement174 2013-08-03 5 I' >-&t MS 1 ■t\V y> i. Jr* v*}--* -Of. 1 (!f, 2: iJ ill Vf If J! f t*Sk f y ji -v "A '*T i V >.' I yi i iMwipr AFFANDI I Topeng Topeng with Selfportrait (Selbstportrait mit masken) I Oil on canvas I 94 x 123174 words
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Page 7 Advertisements
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Advertisement56 2013-08-03 7 One One man, one vote has never been in China and has never produced a prosperousChina. And they’re to try it. not going Read his views on China in One Man’s View of the World GET A COPY NOW FROM LEADING BOOKSTORES AT $39.90 Available from 5pm on August 656 words
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Page 8 Advertisements
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Advertisement33 2013-08-03 8 LJ n ■vj FIND THE ONES THAT FIT! Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruit@sph.com.sg to advertise. J 5 l-s rJ 1 “vj 1 V > •"> r33 words
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WEEK IN REVIEW
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THIS WEEK July 29-Aug 2, 2013
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61 2013-08-03 9 AS Japan warms up to South-east Asia, some fear this could be at the expense of China and its huge market. During whistle-stop visits to Singapore, Malaysia and the Philippines last week, Japanese Prime Minister Shinzo Abe sought to present Japan and61 words
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63 2013-08-03 9 THE construction industry may be able to reduce its overall workforce by 20 to 30 per cent by 2020 if it attains a similar increase in productivity. This is assuming that the volume of construction work stays unchanged from now, said the chief executive of63 words
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55 2013-08-03 9 AN influx of Chinese capital is making itself felt in Singapore real estate, and not just in the residential segment. Looking at investment transactions above $50 million, CBRE has found that since the global financial crisis, Chinese capital invested in Singapore has been55 words
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67 2013-08-03 9 AFTER the drought of June where not one bond was sold, July has brought relief with $1.9 billion worth of deals done as fixed income bankers pray that interest rates have stabilised. The $1.9 billion is about 44 per cent of the67 words
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Article, Illustration100 2013-08-03 9 IN a rare public disagreement, reflecting a larger debate, Prince Alwaleed bin Talal the nephew of Saudi Arabia’s King Abdullah has warned that the country must reduce its reliance on crude oil exports and diversify its economy, as the US ramps up its productionPHOTO: REUTERS - 100 words
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64 2013-08-03 9 AN all-time record price for executive condominium land has been set for a plot in Jurong, an area which has been starved of new EC supply. Located near Jurong Country Club, the 99-year leasehold plot received a top bid64 words
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69 2013-08-03 9 BARCLAYS Bank investors are alarmed that the bank is raising £5.8 billion (S$11.3 billion) to partially plug a £12.5 billion hole in its balance sheet. The bank’s shares plunged more than 7.5 per cent to 285 pence on news that shareholders69 words
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37 2013-08-03 9 DBS’s long-drawn, 16-month attempt to buy Bank Danamon Indonesia has collapsed, but not everyone is unhappy. Some analysts believe that the end of the saga could spell higher dividends.37 words
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51 2013-08-03 9 UNFAZED by a grim industry outlook and ghosts of bookstores past, Popular Holdings has doubled down on the book retail business. It has acquired the Borders Singapore brand and will open a Borders bookstore in Jurong East’s upcoming Westgate mall before the year is51 words
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46 2013-08-03 9 SINCE April 1, GIC has had more flexibility to actively invest the more than US$100 billion in Singapore’s foreign reserves under its care, guided by a new investment framework that defines more clearly what drives its risks and returns.46 words
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37 2013-08-03 9 THE Singapore Exchange has grabbed the top honours in the Governance Transparency Index 2013 being named the best governed and most transparent listed company here for the first time ever.37 words
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Article81 2013-08-03 9 US DATA Aug 5 ISM non-manufacturing index for July Aug 6 International trade balance for June Aug 7 Consumer credit for June Aug 9 Wholesale trade for June CHINA DATA Aug 6 Merchandise trade balance for July Aug 8 Retail sales for July CPI for81 words
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Page 9 Miscellaneous
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Miscellaneous333 2013-08-03 9 Across 1 Loyalty is required, say, in union (10) 9 Type of opera that evokes flattery (4) 10 Spare site I developed, providing party fare (10) 11 An attractive bar (6) 12 Went quietly to give inside information to editor (7) 15 Avenger about to give chase (7) 16 Gave333 words
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Miscellaneous10 2013-08-03 9 SATURDAY with Ludwig Next shop please we’ve already been robbed.’10 words
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RAFFLES CONVERSATION
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Article, Illustration2489 2013-08-03 10 / 11 May Yip - Francesco Trapani blazes a trail in fashion few can rival from selling family heirloom Bulgari to LVMH for 3.7b euros, and then taking pole position at LVMH’s rarefied jewellery division. By May Yip btnews@sph.com.sg IN a milieu of multi-millionaire technopreneurs, the notion of the under-30 CEO is anythingPHOTO: BLOOMBERG - 2,489 words
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COMPANIES
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Article, Illustration574 2013-08-03 12 Siow Li Sen - Investment losses at Great Eastern pull down bank’s bottom line By Siow Li Sen lisen@sph.com.sg Singapore OCBC Bank’s second-quarter net profit fell 8 per cent to $597 million, dragged down by investment losses at its insurance unit despite strong banking results.PHOTO: BLOOMBERG - 574 words
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329 2013-08-03 12 Joyce Hooi - By Joyce Hooi joyceh@sph.com.sg Singapore STARHUB has launched a talk-centric premium stable of mobile plans, aimed at people whose jobs involve a fair bit of jaw-jawing and texting. These plans, known as SmartSurf HD, offer an unlimited amount of local talktime for calls to329 words
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466 2013-08-03 12 Jacquelyn Cheok - By Jacquelyn Cheok jaccheok@sph.com.sg Singapore SOILBUILD Construction Group Ltd (SBCG) yesterday announced a 42 per cent increase in net profit to $5.9 million for the second quarter ended June 30, from $4.2 million last year. Its revenue rose 70 per466 words
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574 2013-08-03 13 Andrea Soh - But revenue rose 25.4% on new refinery capacity coming on stream in Indonesia By Andrea Soh sandrea@sph.com.sg Singapore SECOND-quarter earnings for Golden Agri-Resources fell 58.1 per cent from the year before, as the palm plantation group battled lower crude palm oil prices574 words
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368 2013-08-03 13 Jasmine Ng - By Jasmine Ng jasng@sph.com.sg Singapore SINGAPORE Land and its parent company United Industrial Corp reported higher net profits for the second quarter, driven by gains on investment and contributions from associates and joint ventures. SingLand’s earnings rose to $147.2 million in the three months368 words
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394 2013-08-03 13 Kenneth Lim - By Kenneth Lim kenlim@sph.com.sg Singapore JARDINE Matheson Holdings expects a flat year after closing the first half with barely higher earnings amid mixed performance among its various business units, the conglomerate announced yesterday. Profit attributable to shareholders grew one per cent394 words
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Business briefing
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49 2013-08-03 13 DESIGN Studio Furniture Manufacturer reported a second-quarter net profit of $2.6 million, up one per cent from a year ago. Revenue was up 7.6 per cent at $44.4 million. It has declared an interim dividend of 0.5 cents per share.49 words
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55 2013-08-03 13 INVESTMENT company Rowsley reported a net loss of $975,000 for its first quarter ended June 30, from a $742,000 loss a year ago. There was no dividend income. The result was due to general and administrative expenses as well as a $533,000 share of55 words
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52 2013-08-03 13 SINGAPORE Post reported a net profit of $37.3 million for its first quarter ended June 30, down 2 per cent from $38.1 million a year ago. Revenue was up 32.8 per cent to $201.3 million. An interim dividend of 1.25 cents a share52 words
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Article, Illustration623 2013-08-03 14 R Sivanithy - STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent A TWO-TIER market is the best description perhaps of how trading went this week. At the upper end of the price and size scales, the banks, SingTel and Jardine stocks saw some action, while at the623 words
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Article57 2013-08-03 14 BY CENTS CLOSE UP DBXT FTVietnam 10US$ 2276 45.9 1.6 DBS Grp 1754 30.0 1.7 Jardine C&C 4175 30.0 0.7 HK Land 695 25.5 3.0 DBXT S&P500 10US$ 2790 23.0 0.6 Isetan 467 20.0 4.5 ForterraTr 238 16.0 7.2 Haw Par 1 730 15.0 2.1 DBXT CSI300 10US$57 words
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Article61 2013-08-03 14 BY CENTS CLOSEDOWN DBXT Nifty 10US$ 9581 -805.2 -6.2 GLD 10US$ ***** -398.1 -2.4 DBXT AUD Bonds 5AU$ ***** -206.8 -1.0 JMH 5257 -144.2 -2.1 DBXT MSTHAI 10US$ 1990 -136.5 -5.1 JSH 3347 -90.6 -2.1 DBXT S&P Short 10US$ 2851 -43.4 -1.2 IS MS India 100S$D 711 -29.061 words
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509 2013-08-03 14 Joyce Hooi - By Joyce Hooi joyceh@sph.com.sg Singapore THE tussle over shop space at VivoCity between Dian Xiao Er and Soup Restaurant continues, and is now headed to trial. Last year, Soup’s subsidiary, Soup Restaurant (Causeway Point), started legal proceedings against its sub-tenant509 words
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Article166 2013-08-03 14 VOL CLOSE SingHa i yi 1 53,585 2 2 0.1 4.8 Fre i ghtL i nks 1 50,547 13 5 0.5 3.8 MoneyMax F i n 1 25,708 43 0.0 0.0 Go l den Agr i 94,091 52 5 0.0 0.0 Noble Grp 76,419 92 5 2.5166 words
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Article110 2013-08-03 14 Stock name Close Change CapMallsAsia 2.000 +0.010 CapitaLand 3.300 +0.030 CapitaMall 2.010 -0.020 CityDev 10.75 +0.010 ComfortDelGro 1.995 -0.005 DBS Grp 17.54 +0.300 GLP 2.870 +0.010 Genting SP 1.335 -0.010 Golden Agri 0.525 HK Land 6.950 +0.200 HPH Trust US$ 0.765 +0.005 JMH 52.57 -1.130 JSH 33.47 -0.710110 words
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255 2013-08-03 15 Carine Lee - By Carine Lee carinel@sph.com.sg Singapore LOWER gain on disposal sent Baker Technology’s net profit for the fiscal second quarter ended June 30 plunging 82 per cent year-on-year to $11.32 million from $61.33 million. A year ago, the manufacturer of specialised255 words
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Article404 2013-08-03 15 Ong Chor Hao - Earnings jump to $34m as firm recognises income on more real estate developments By Ong Chor Hao ongch@sph.com.sg Singapore THE second-quarter earnings of property developer and hotel operator Fragrance Group leapt 60 per cent year-on-year, as it recognised income on more real estate developments.404 words
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287 2013-08-03 15 Cai Haoxiang - By Cai Haoxiang haoxiang@sph.com.sg Singapore A LEADING instant coffee player in Russia and Eastern Europe, a China-ori-ented aluminium maker and a semiconductor company paying a 10 per cent dividend were among 30 companies highlighted by small-cap specialist DMG Partners Research yesterday. These companies287 words
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308 2013-08-03 15 Lee Meixian - By Lee Meixian leemx@sph.com.sg Singapore THE conditional sale of an almost 30 per cent stake in Forterra Trust, together with its trustee and property manager, to Hong Kong developer Nan Fung is closer to completion after the Irish High Court approved308 words
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Page 15 Advertisements
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Advertisement242 2013-08-03 15 WATS NOTICES IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF MINNESOTA RUBBER ASIA PACIFIC PTE LTD (IN MEMBER’S VOLUNTARY LIQUIDATION) (Company Registration No. *****0526N) NOTICE IS HEREBY GIVEN that it was resolved at an Extraordinary General Meeting of member of the abovenamed company held242 words
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Advertisement352 2013-08-03 15 In The Matter of The Companies Act Cap. 50 And In The Matter of NEUSOM PTE LTD CompanyRegistrationNo:*****5000K (In Members’ Voluntary Liquidation) MEMBERS’ VOLUNTARY WINDING UP At an Extraordinary General Meeting of the Members of the abovenamed Company duly convened and held at 6 Napier Road #10-01 Gleneagles Medical Centre352 words
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FROM THE DESK OF
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Article, Illustration879 2013-08-03 16 Ed Cross - CFOs who optimise procurement functions see an increase in cost savings, hence more funds for R&D FROM THE DESK OF Ed Cross Executive director, Procurement Services and member of Xchanging’s Executive Board DELOITTE’S Q4 Chief Financial Officer (CFO) Signals survey revealed that improving finance’s ability879 words
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SINGAPORE
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463 2013-08-03 17 Ng Zhuo Yang - MasterCard poll also shows it overtaking HK, Taiwan in basic money management By Ng Zhuo Yang ngzy@sph.com.sg SINGAPORE has advanced in the latest MasterCard Index of Financial Literacy, coming in second only to New Zealand among the 16463 words
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Article, Illustration405 2013-08-03 17 Ong Chor Hao - By Ong Chor Hao ongch@sph.com.sg PROPERTY developer Wing Tai Holdings’ freehold condominium project The Tembusu is slated to open for preview today. No sales will be made, but the showflat will be open to those who had indicated an interest earlier. The405 words
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325 2013-08-03 17 Jasmine Ng - By Jasmine Ng jasng@sph.com.sg THERMO Fisher Scientific, one of the world’s biggest makers of life science equipment, has opened a new manufacturing plant in Singapore to tap growth in the Asia-Pacific region. The plant to produce dry powder media, a raw325 words
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Article, Illustration516 2013-08-03 18 Annabeth Leow - By Annabeth Leow leowhma@sph.com.sg SINGAPORE Press Holdings (SPH) must transform its business model in order to rise to the “exceptional challenges” it faces as a media company, its chairman Lee Boon Yang said yesterday. To counter the threats to the company’s traditional newspaper publishing operations516 words
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486 2013-08-03 18 ELEVEN schools are now on board a programme that aims to give students here a feel of what it means to be an entrepreneur, as part of efforts by the Action Community for Entrepreneurship (ACE) to encourage more Singaporeans to run486 words
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Page 18 Advertisements
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Advertisement215 2013-08-03 18 THE BUSINESS TIMES SATURDAY SPECIAL 1-FOR-1 Taiwanese-style Double Boiled Shark’s Fin with Abalone, Scallop and more! (Usual price $18.80) Venue: Xi Men Ding Taiwanese Cuisine, 1 Harbourfront Walk, VivoCity#01-51A, Singapore *****5, Tel: 6376 8018 Website: www.ximending.com.sg Terms Conditions Promotion is valid from 3rd August to 10th August 2013 for dine-in215 words
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WORLD
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590 2013-08-03 19 Anthony Rowley - These include stock price manipulation and insider trading By Anthony Rowley btworld@sph.com.sg Tokyo AS Japanese share prices resume their surge, fuelled by easy money and the prospect of strengthening economic growth under Abenomics, the financial regulators are getting tough again on market abuses590 words
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Article, Illustration442 2013-08-03 19 Pauline Ng - By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA’S biggest banking group Maybank yesterday named Abdul Farid Alias as its president and chief executive with immediate effect. The 45-year-old had been the bank’s deputy president and its head of global banking since JulyPHOTO: BLOOMBERG - 442 words
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442 2013-08-03 19 Bloomberg Kuala Lumpur THE ringgit posted its biggest weekly loss in more than a month after Fitch Ratings lowered Malaysia’s credit outlook to negative, adding to concerns global funds will accelerate asset sales. Fitch cited rising debt levels for the move and saidBloomberg - 442 words
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674 2013-08-03 20 Government cuts growth forecast, warns of A$30b budget deficit release.AFP Sydney AUSTRALIA yesterday unveiled a pre-election mini-budget that includes a controversial plan to tax bank deposits, warning the budget deficit had blown out to A$30 billion (S$34 billion) and revenues were shrinking. Therelease.AFP - 674 words
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Article, Illustration457 2013-08-03 20 AFP Sydney A CHINESE billionaire has revealed plans for a A$4.2 billion (S$4.8 billion) tropical resort and casino in Australia which he says will be a “man-made wonder of the world”. The Queensland state government confirmed yesterday it has streamlined the approval processAFP; PHOTO: AFP - 457 words
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359 2013-08-03 20 Bloomberg Shanghai A RECORD heat wave in Shanghai is hurting traffic at some auto dealerships, cutting client visits at brokerages and forcing utilities to delay increases in water prices as the government takes steps to help residents endure the hottest temperatures inBloomberg - 359 words
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487 2013-08-03 22 Tykerb affected but Intellectual Property Appellate Board upholds patent on original compound Reuters Mumbai INDIA has revoked a patent granted to GlaxoSmithKline (GSK) plc for its breast cancer drug Tykerb a decision that follows a landmark India court ruling disallowing patents for incremental innovationsReuters - 487 words
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Briefing
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77 2013-08-03 22 AFP Jakarta Indonesian growth slipped to 5.81 per cent last quarter, below economists’ expectations, as exports and investment fell in South-east Asia’s top economy due to global weakness, official data showed yesterday. The figures highlighted the challenge for policymakersAFP - 77 words
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92 2013-08-03 22 AFP New York Bank of America may face civil charges over its actions during the financial crisis related to its mortgage products, the bank said in a filing to a US regulatory agency Thursday. The bank “has received a numberAFP - 92 words
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96 2013-08-03 22 Reuters Dublin Bank of Ireland’S net interest margin grew sharply in the first half of the year as the only Irish lender to escape nationalisation declared itself a normal bank once again after four difficult years. TheReuters - 96 words
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Article, Illustration389 2013-08-03 22 RBS back in the black in H1 names new CEO AFP London STATE-RESCUED Royal Bank of Scotland promoted New Zealander Ross McEwan, its head of retail business, to be the new chief executive yesterday when it also announced a return to profit. RBS, 81 per cent owned by the BritishAFP; PHOTO: REUTERS - 389 words
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Page 21 Advertisements
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Advertisement317 2013-08-03 21 STPROPERTY SEMINAR Tfl .jam .4 Opportunities Outlook of the Property Market in 04 2013 STRATEGIES TO OVERCOME THE CHALLENGING PROPERTY LANDSCAPE v sST? ►Sis PwSwwg >V I 1 5 k* iS ■K c k i Under the new Total Debt Servicing Ratio (TDSR) framework by MAS, the property landscape is317 words
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Page 22 Advertisements
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Advertisement50 2013-08-03 22 HOT PROPERTY 'T S,8 -8«i Best 8.077/T 8 ?8st5T ent rpk Jewel Super 55S? Ave St V h liVi 6296/ 6000 J S ?!K bun^ LOOKING FOR LUXURIOUS LIVING? Check this and many other properties in CATS Classified in The Straits Times now! WATS BUY IT SELL IT FIND IT50 words
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SGX
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Article8203 2013-08-03 23 Transaction date: Aug 2 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15 11.4 8Telecom 12.2 12.2 13 10.6 0.9 10.1 58.4 8.8 3 A-Sonic 6.3cd +0.1 794 6.3 6 6 6.3 2.18,203 words
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Article1881 2013-08-03 26 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 27 17.1 t 800 Super 26.5 +1.5 2180 27 25 26 26.5 3.3 3.8 7.9 47.4 6.2 2.8 t AA Grp 2.8 3.1 4.8 1401,881 words
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Article186 2013-08-03 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 4 5 0 0 0 6 4 5 Manufacturing 54 58 28 7 8 11 61 66 39 Commerce 19 22 20 2 5 7 21 27 27 Tpt/Stor/Comms 14 14 11186 words
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Article787 2013-08-03 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jul 29 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Ipco Int'l 1-Aug-13 Edward Lee E M *Buy 5000 *****7 8.14 *****7 8.24 S Chance 1-Aug-13 Mohamed787 words
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Article123 2013-08-03 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 18,096 18,096 75,130 75,130 Manufacturing 330,092 50,322 380,414 143,108 3,263 146,371 Commerce 222,382 92,582 314,964 157,163 3,619 160,781 Tpt/Stor/Comms 231,154 23,721 254,875 143,051 8,669 151,720 Finance 65,925 126,387 192,312 197,269 58,451 255,720 Construction 58,252 57,558123 words
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MARKETS
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Article94 2013-08-03 27 Aug 1 COCOA (£/tonne) Close Prev High Low Sep 13 1575 1572 1587 1567 Dec 13 1566 1562 1574 1557 Mar 14 1556 1552 1563 1546 May 14 1556 1553 1564 1549 COFFEE(US$/tonne) Close Prev High Low Sep 13 1865 1873 1888 1860 Nov 13 1858 1869 1881 185594 words
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Article65 2013-08-03 27 Aug 2 GOLD(US$/oz) Aug 01 Aug 02 Hong Kong 1327.00 1299.00 Jul 31 Aug 01 London 1309.22 1324.61 1310.09 1325.45 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 25.56 24.78 Source: UOB PLATINUM Lon (US$/oz) Aug 01 Close Previous PM Fix 1437.00 1433.00 AM Fix 1436.00 1442.00 Source:65 words
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Article118 2013-08-03 27 Aug 02 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.166 1.111 Can dollar 1.256 1.208 Euro 1.724 1.642 Sterling pound 1.964 1.889 NZ dollar 1.031 0.992 US dollar 1.302 1.240 Local dollars to 100 units of foreign currency: Currencies Sell118 words
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Article, Illustration23 2013-08-03 27 YTD change: +2.75% 52-week high: 3,464.79 on May 22, 2013 52-week low: 2,931.60 on Nov 16,2012 Source: BloombergSource: Bloomberg - 23 words
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Article, Illustration20 2013-08-03 27 YTD change: -2.06% 52-week high: 23,944.74 on Feb 4,2013 52-week low: 19,076.79 on Sept 6,2012 Source: BloombergSource: Bloomberg - 20 words
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Article, Illustration26 2013-08-03 27 YTD change: +19.26% 52-week high: 15,650.69 on Aug 1,2013 52-week low: 12,471.49 on Nov 16,2012 (Chart shows Thursday’s index closing) Source: BloombergSource: Bloomberg - 26 words
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Article, Illustration21 2013-08-03 27 YTD change: -10.56% 52-week high: 2,444.80 on Feb 18,2013 52-week low: 1,849.65 on June 25,2013 Source: BloombergSource: Bloomberg - 21 words
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Article, Illustration19 2013-08-03 27 YTD change: +39.16% 52-week high: 15,942.60 on May 23,2013 52-week low: 8,488.14 on Oct 15,2012 Source: BloombergSource: Bloomberg - 19 words
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Article57 2013-08-03 27 Aug 2 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 13 2300.0 2296.0 2310.0 2300.0 64 1117 Sep 13 2272.0 2276.0 2307.0 2272.0 2662 ***** Oct 13 2260.0 2258.0 2284.0 2250.0 ***** ***** Nov 13 2255.0 2255.057 words
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Article92 2013-08-03 27 Aug 2 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*****N 24-Jan-14 0.28 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-15 100.04 100.09 100.09 5-Year N*****0T 0.592 words
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Article155 2013-08-03 27 Aug 2 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1360 1.1367 0.8902 0.8905 Canadian dollar 1.2302 1.2311 0.9644 0.9640 Euro 1.6869 1.6877 1.3219 1.3221 NZ dollar 1.0039 1.0049 0.7867 0.7872 Sterling pound 1.9312 1.9322 1.5134 1.5137155 words
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Article104 2013-08-03 27 Aug 1 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Aug 13 1357.75 1374.00 1387.00 1354.50 Sep 13 1234.25 1249.75 1252.25 1230.25 Nov 13 1192.50 1206.25 1210.75 1189.00 Jan 14 1198.00 1211.00 1215.25 1194.75 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Aug 13 42.49 42.09 42.69 42.08104 words
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Article68 2013-08-03 27 Aug 01 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 109.22 2.02 WTI (Near Mth) 107.79 2.63 Dubai (1-Mth F) 104.32 1.65 Tapis blend 115.38 2.67 Minas 108.08 2.67 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 97.22 0.39 Jet Kerosene 123.05 1.57 US$/barrel OpecOil Basket Price 106.1068 words
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Article72 2013-08-03 27 Aug 01 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1766.75 1757.25 3 months 1812.00 1804.00 Copper, Grade A (US$/tonne) Cash 6990.25 6872.50 3 months 6999.00 6880.00 Lead (US$/tonne) Cash 2095.50 2058.00 3 months 2106.00 2070.00 Nickel (US$/tonne) Close Previous Cash *****.50 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)72 words
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373 2013-08-03 27 In local curr In S$ In US$ dy yr dy yr dy yr Aug 1 Index Change Change Change Change Change Change World Preliminary 1096.4 1.2 16.9 1.1 18.7 1.0 13.8 EAFE Preliminary 891.9 1.4 15.1 1.0 13.3 1.0 8.6 Europe Preliminary 1274.3 1.1 11.1373 words
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PERSPECTIVE
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Article, Illustration1182 2013-08-03 28 / 29 Jean-Pierre Lehmann - China’s new cultural counter revolution No country in the history of humanity has undergone in such a short period such profound transformations. By Jean-Pierre Lehmann By Jean-Pierre Lehmann ~The writer is a visiting professor on the Faculty of Business and Economics at Hong Kong University and a regular contributor toPHOTO: AP - 1,182 words
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Article915 2013-08-03 28 / 29 Julian Barrans - By Julian Barrans ~The writer is managing director of the brand consultancy, Interbrand, South-east Asia WHEN you stay in a hotel and see the card that invites you to keep your sheets and towels for an extra night to save the environment, do you ever wonder915 words
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Wealth
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WEALTH INVESTING
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Article, Illustration1050 2013-08-03 30 / 31 Genevieve Cua - Some wealthy are taking charitable giving to the next level one that is driven by clear values, goals and is also more focused on outcomes. By Genevieve Cua By Genevieve Cua gen@sph.com.sg MANY wealthy Asian families are used to the idea of charitable giving, but aPHOTO: YEN MENG JIIN - 1,050 words
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Article665 2013-08-03 30 / 31 Kenneth Lim - Compiled by Kenneth Lim Cordlife Group Buy AmFraser Research Aug 2 Aug 2 close: S$1.055 WE initiate coverage on Cordlife Group Limited (CLGL) with a “buy” rating and target price (TP) of $1.32. CLGL is a leading provider of cord blood and umbilical tissue storage services in Singapore,665 words
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Article, Illustration1209 2013-08-03 32 Amy Cortese - DPOs proving to be compelling capital choice for firms needing, say, US$500k to US$5m. By Amy Cortese NYT FLYING back to California emp-ty-handed, after one last investor pitch in late 2011, Brahm Ahmadi was ready to call it quits. Despite a track record, aNYT; PHOTO: AP - 1,209 words
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Article, Illustration1318 2013-08-03 33 Teh Hooi Ling - A typical individual tends to wait for an investment to prove itself by rising in price, and then buying it at a high SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent PETER Lynch managed Fidelity’s Magellan Fund from 1977 to 1990. He beat1,318 words
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WEALTH REAL ESTATE
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Article, Illustration424 2013-08-03 34 Competition to build China’s skyline higher continues even as the country’s economy slows for a second quarter Bloomberg Shanghai SHANGHAI Tower, which will be China’s tallest building when it is completed in 2015, will reach its highest point today, adding to the country’sBloomberg; PHOTO: AP - 424 words
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Article334 2013-08-03 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JULY 3 AND JULY6, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 3 NON-LANDED Echelon Apt 05/07/2013 99 1313 2118 1613 District 4 NON-LANDED The Interlace Apt 04/07/2013 99334 words
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Article, Illustration457 2013-08-03 35 It also revises this year’s forecast to a 6% increase Bloomberg London CENTRAL London luxury-home values will climb 4 per cent next year, Jones Lang LaSalle Inc said, doubling its previous estimate as concerns about new taxes on wealthy buyersBloomberg - 457 words
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589 2013-08-03 35 Bloomberg San Francisco YAHOO Inc said that it will take space at Hearst Corp’s San Francisco Chronicle building in the city’s South of Market neighbourhood, putting it closer to an area of rapid growth that’s home to technology companies. Yahoo, operatorBloomberg - 589 words
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Advertisement201 2013-08-03 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE VALLÉE DE JOUX, THE JURA. FOR MILLENIA, A HARSH, UNYIELDING ENVIRONMENT A PLACE OF RAW NATURE AND UNFORGIVING CLIMATE. FIRST SETTLED IN THE SIXTH CENTURY BY MONKS WHO SAW IN THIS AUSTERE EXISTENCE A SERENITY AND SPIRITUALITY; MORE RECENTLY, SINCE201 words
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Advertisement69 2013-08-03 1 BT THE BUSINESS TIMES WEEKEND AUGUST 3 4 2013 Living TRAVEL Explore the many facets of Peru L6-9 FRY BY NIGHT Private dining outfits and supperclubs wok on the wild side L2-5 DESIGN Up close with designer Janice Feldman L12-13 PHOTO: CLUB VIVRE STYLE The Kaiser goes plastic fantastic L1469 words
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BT Living
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DINING
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Article, Illustration4007 2013-08-03 2 / 3 Debbie Yong - Gastrotainment is the new catering, as seasoned foodies increasingly seek out-of-restaurant dining experiences. Debbie Yong checks out the latest wave of private dining outfits and supperclubs feeding this need Debbie Yong debyong@sph.com.sg Shaking up the dining scene Guerilla Kitchen TRY placing a restaurant chef in a poorly equipped,PHOTOS: GUERILLA KITCHEN; PHOTOS: CLUBVIVRE; PHOTO: NUTOPIA; PHOTOS: JOHN HENG; Wakamatsu.PHOTO: DINNER AT 335 - 4,007 words
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TRAVEL
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Article, Illustration3220 2013-08-03 6 / 7 Debbie Yong - Peru packs a trov of ancient mystique and modern marvels. By Debbie Yong debyong@sph.com.sg LIMA WHAT if the Inca empire still ruled Peru today? What if Spanish conquistador Francisco Pizarro hadn’t defeated the Incan army in Peru in 1532, or if Christopher Columbus before him hadn’t unwittingly unleashedPHOTOS: DEBBIE YONG - 3,220 words
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Article, Illustration726 2013-08-03 8 / 9 Debbie Yong - If all that moving about gets too much for you, opt for these top luxury spots to rest your weary head. By Debbie Yong By Debbie Yong LIMA Country Club Lima Los Eucaliptos 590, San Isidro Z+51-1-*****00; hotelcountry.com Known by many but visited by only anPHOTOS: DEBBIE YONG - 726 words
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HOME & GARDEN
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Article, Illustration1012 2013-08-03 10 / 11 Tay Suan Chiang - Matte, non-reflective surfaces in this apartment off Stevens Road temper the retro mood with a contemporary update. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg FOR some people, inspiration for their homes comes from browsing through interior magazines or websites. But for Eugene Yip,PHOTOS: YEN MENG JIIN - 1,012 words
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DESIGN
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Article, Illustration1164 2013-08-03 12 / 13 Tay Suan Chiang - The founder of Janus et Cie is in charge of the creative process as well as the practical aspects of the furniture company. By Tay Suan Chiang taysc@sph.com.sg ACCORDING to the left-brain, right-brain dominance theory, the right side of the brain is best at1,164 words
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STYLE
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Article, Illustration681 2013-08-03 14 May Yip - Creative director for Melissa shoes Edson Matsuo talks about the dynamism of partnerships as the brand, famed as much for its bubblegum-scented patented plastic shoes as its tie-ups with megawatt designers, launches its first collection by Karl Lagerfeld. By May Yip By May Yip btnews@sph.com.sg Thierry Mugler, ViviennePHOTOS: MELISSA - 681 words
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Article, Illustration787 2013-08-03 15 May Yip - A novel project breathes new life into the objects and materials discarded from Hermes workshops. By May Yip By May Yip btnews@sph.com.sg “Iwas a karung guni woman without even knowing it,” says Pascale Mussard, using the Singaporean colloquialism for junk collectors. The sixth-generation descendant of thePHOTOS: HERMES, YANG - 787 words
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SPORTS
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Article, Illustration862 2013-08-03 16 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent HE is only 34 years old, but Filipino champion boxer Manny Pacquiao already has his eyes on a much-bigger goal down the road to become president of his country one day. A popular congressman back home, the “Pacman”PHOTO: REUTERS - 862 words
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BT CORPORATE GOLF LEAGUE 2013
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Article, Illustration1147 2013-08-03 17 Justine Moss - Team Citi, sitting in sixth place after round one, are hoping that 2013 will be their best season yet. By Justine Moss btnews@sph.com.sg WHEN the second round of the 2013 Business Times Corporate Golf League tees off next week, it will be on a course which1,147 words
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MOTORING
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Article, Illustration735 2013-08-03 18 CY Chew - The Audi A3 is now available as a sedan. By CY Chew btnews@sph.com.sg THE Audi A3 hatchback has been a staple in Audi’s stable since 1996 with over 3.5 million sold but this is the first time that a sedan version of the model is available.735 words
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Article, Illustration606 2013-08-03 19 Samuel Ee - The new Bentley Flying Spur gets sharper looks to match a more sybaritic interior. By Samuel Ee samuelee@sph.com.sg ADD one tastefully executed redesign to a major power upgrade and the fastest ever four-door Bentley is also the British marque’s sleekest looking limousine. The new Bentley Flying Spur is606 words
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Article, Illustration688 2013-08-03 20 Samuel Ee - As a big BMW hatchback, the 3 Series Gran Turismo combines design, functionality and dynamics. By Samuel Ee By Samuel Ee samuelee@sph.com.sg IT may be called a GT but the new BMW 3 Series Gran Turismo is essentially a premium hatchback, one with lots of space and688 words
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Advertisement1067 2013-08-03 12 / 13 wine&dine with BTWeekend Pool Garden Pavilion Level 5, Marina Mandarin Singapore, 6 Raffles Boulevard August 9 2013 Enjoy a spectacular fireworks view and live telecast of the National Day Parade at our Pool Garden Pavilion with a sumptuous spread of dishes including Smoked Salmon with Plum Sauce, Assorted Sushi, Singapore1,067 words
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Advertisement216 2013-08-03 15 HEART,STROKE&CANCERCENTRE “A medical centre of Singapore Heart, Stroke and Cancer Centre” PreservingHealthandLongevity Expertise in the Prevention, early Detection and Management of Heart disease, Stroke and Cancer www.shsccentre.com Prevent Sudden Death If you suspect heart disease or have risk factors such as high cholesterol, high blood pressure, diabetes mellitus, smoking or216 words
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Advertisement33 2013-08-03 16 HOME NEEDS Add some sparkle to your home with new lighting. r w ©Iff iVl ii To find out more, turn to CLASS 106 in CATS Classified in The Straits Times now. MATS33 words
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