The Business Times, 8 January 2014
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2014-01-08
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The Business Times
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Title Section25 2014-01-08 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Wednesday, January 8, 201425 words
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389 2014-01-08 1 KENNETH LIM - It will target those keen on stable returns with low risks By KENNETH LIM kenlim@sph.com.sg [SINGAPORE] Temasek Holdings is exploring ways to offer bonds to retail investors in Singapore, a spokesman said yesterday. “This will provide an alternative investment opportunity for those seeking stable returns389 words
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MARKETS DIGEST
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Article65 2014-01-08 1 HST INDEX 3,120.88 (-2.94) HST INDEX FUTURES 3,120.00 (-3.00) HSIMSCI 357.64 (-1.06) HSIMSCI FUTURES 357.10 (-1.60) US$ S$ US$ (S$ per US$) 1.271 (US$/S$ per 1.639 2.083 EURO (US$/S$/€ 1.362 1.731 Foreign currency per US$ S$ YEN 104.40 82.10 RM 3.286 2.585 HK$ 7.754 6.099 BAHT 33.08 26.02 RUPIAH65 words
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Article48 2014-01-08 1 Tuesday Change KL COMP 1,825.11 -4.07 NIKKEI 225 15,814.37 -94.51 HANG SENG 22,712.78 +28.63 SET INDEX 1,262.36 +31.52 JAKARTA COMP 4,175.81 -27.00 MANILA COMP 5,947.44 -38.37 SEOUL COMP 1,959.44 +6.16 SHENZHEN B 846.45 +1.27 MUMBAI IND 20,693.24 -94.06 10.30am EST Change DOW 16,541.52 +116.42 NASDAQ 4,147.07 +33.3948 words
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Article21 2014-01-08 1 SINGAPORE 5.38 HONG KONG 6.55 INDONESIA 5.00 INDONESIA 14.449 TAIWAN BRITAIN JAPAN US KOREA 9.33 BRITAIN 0.50 Source: Bloomberg21 words
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Article, Illustration916 2014-01-08 1 ANDREA SOH - Price up from US$1,182 at end-Dec to US$1,234, but longer-term outlook is lacklustre By ANDREA SOH sandrea@sph.com.sg [SINGAPORE] It was all doom and gloom for gold at the end of 2013, but the new year has put a bounce back in gold prices.Source: Bloomberg - 916 words
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Page 1 Advertisements
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Advertisement136 2014-01-08 1 EXECUTIVE MONEY Are global equities broadening out? PAGE 30 HOCK LOCK SIEW Yellen’s job unlikely to be easy PAGE 7 STRAIT TALK Euronav’s bold move to expand fleet PAGE 19 COMMENTARY Dead Cow (Vaca Muerta) walking? PAGE 22 Wealth preservation is in his genes: Read about it in Wealth. PLUS:136 words
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Advertisement12 2014-01-08 1 Hedge funds raise gold bets as analysts predict more declines, Page 2912 words
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TOP STORIES
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Article, Illustration859 2014-01-08 2 KALPANA RASHIWALA - But wide gap with lowest bid points to divergence in market reading By KALPANA RASHIWALA kalpana@sph.com.sg [SINGAPORE] Despite last month’s rule changes affecting the executive condo market, an EC site in Jurong West has drawn strong interest with 12Source: HDB, www.onemap.sg - 859 words
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Article457 2014-01-08 2 Gold price bounces back on Chinese demand IT was all gloom for gold at the end of 2013, but the new year has put a bounce back in gold prices. FRONT PAGE Temasek explores retail bond issuance TEMASEK Holdings is exploring ways to offer bonds to retail investors457 words
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Article, Illustration598 2014-01-08 2 LEE U-WEN - The main differences are education and income levels: poll By LEE U-WEN leeuwen@sph.com.sg [SINGAPORE] They are boisterous, determined, and simply won’t take “no” for an answer. Over the past two months, tens of thousands of anti-government protesters have taken to the streets of Bangkok,BT Graphic: Ludwig Ilio; Source: The Asia Foundation - 598 words
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Article, Illustration708 2014-01-08 2 OBITUARY Reuters [HONG KONG] Hong Kong media mogul Run Run Shaw, who created an empire in Asia spanning movies to television, died yesterday at the age of 106, his company said. Mr Shaw died peacefully at his home in Hong Kong,Reuters; AFP FILE PHOTO - 708 words
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Article, Illustration677 2014-01-08 3 MALMINDERJIT SINGH - 2.9% rise takes 2013 total to 32.6m TEUs, just behind Shanghai Port’s By MALMINDERJIT SINGH msingh@sph.com.sg [SINGAPORE] Singapore’s container throughput hit a record last year, shrugging off another sluggish year for the industry. Advance estimates released yesterday by the Maritime and Port Authority ofPHOTO: AFP - 677 words
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387 2014-01-08 3 DOMINIC ELLIOTT - *£11 REUTERS BREAKINGVIEWS By DOMINIC ELLIOTT [LONDON] Michel Barnier’s banking reforms may have been watered down, but they could yet prove dangerous for Europe’s banks. The European Commissioner for the internal market is weeks away from releasing the final plan for making the region’s financial387 words
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Advertisement9 2014-01-08 2 Thai state bank faces bond raising test, Page 159 words
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Advertisement890 2014-01-08 3 Brought to you by An Executive MBA programme for global game-changers Global business learning with Asia-Pacific focus for corporate leaders BY NARENDRA AGGARWAL FRENCH business school ESSEC’s proud history of over 100 years can be matched by few other institutions in the business of global management education. ESSEC’s mission, as890 words
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COMPANY NEWS
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Article, Illustration584 2014-01-08 4 SAMUEL EE - It seeks Catalist listing to raise $8.46m with offer shares at 28¢ apiece By SAMUEL EE samuelee@sph.com.sg THE distributor group behind the Lamborghini and Alfa Romeo brands is seeking a Catalist listing to raise about $8.46 million to expand its automotive and lifestyle businesses in Singapore584 words
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326 2014-01-08 4 JACQUELYN CHEOK - By JACQUELYN CHEOK jaccheok@sph.com.sg HIAP HOE through wholly owned Hiap Hoe Strategic (HHS) is proceeding with its planned acquisition of SuperBowl Holdings at 75 cents a share, with a view to taking it private. This follows the approval326 words
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Article, Illustration784 2014-01-08 4 MICHELLE QUAH - Counter closes at $9.75; it’s down 43¢ since rumours broke By MICHELLE QUAH michquah@sph.com.sg SHARES of OCBC Bank continued to be dogged by investor concern over plans to take over Hong Kong’s Wing Hang Bank. The counter closed at aSource: Bloomberg - 784 words
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216 2014-01-08 4 LEE U-WEN - By LEE U-WEN leeuwen@sph.com.sg LONG House Food Centre, a popular food centre along Upper Thomson Road, has a new owner, after being sold for $45.2 million. Long House Food Centre has been acquired by TEE Ventures, a subsidiary of the mainboard-listed TEE Land,216 words
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370 2014-01-08 4 JOYCE HOOI - By JOYCE HOOI joyceh@sph.com.sg TELEDATA (Singapore) Limited is placing out up to 240 million new shares in an exercise that will raise net proceeds of about $2.33 million. The shares will be issued at 1.02 cents apiece, which represents a discount of 7.27 per cent370 words
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Article, Illustration754 2014-01-08 7 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY STEPPING into the shoes of an outgoing leader who commanded significant respect and who achieved unparalleled success is a hugely daunting and difficult task just ask new Manchester United manager David Moyes whose first few months as irPHOTO: REUTERS - 754 words
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347 2014-01-08 7 RAPHAEL LIM - By RAPHAEL LIM raphlim@sph.com.sg LISTED Global Logistic Properties Limited (GLP) has leased 106,000 square metres of logistics space in Sao Paulo in its first deal with Brazil’s largest fashion retail company. The deal with Riachuelo at the GLP Guarulhos logistics park347 words
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364 2014-01-08 7 NISHA RAMCHANDANI - By NISHA RAMCHANDANI nishar@sph.com.sg A REPLACEMENT flight carrying the 467 passengers who were diverted to Azerbaijan on Monday after a Singapore Airlines (SIA) plane lost cabin pressure landed at Changi Airport around 3.40pm yesterday. SQ317, which had been bound for Singapore from364 words
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Article, Illustration265 2014-01-08 8 First major Singapore IPO in 2014 may raise up to US$355 million Reuters SINGAPORE-listed property group OUE Ltd will begin book-building for a commercial real estate investment trust (Reit) listing in the city-state on Jan 13 that may raise as much as US$355Reuters; FILE PHOTO - 265 words
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380 2014-01-08 8 AFP [TAIPEI] Taiwanese computer maker Acer said yesterday it has made its first major investment since overhauling its top management late last year, acquiring a 15.6 per cent stake in a PChome subsidiary. While declining to disclose the value of the deal, the statementAFP - 380 words
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COMPANY BRIEFS
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Article72 2014-01-08 8 SPECIALIST relocater Chasen Holdings has secured $10.6 million in new contracts in its third quarter ended Dec 31 last year. Among the deals are a $7.4 million cross-border relocation project for a Korean company to Guangzhou. The mainboard-listed company also announced a new business model,72 words
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72 2014-01-08 8 SINGAPORE Post’s wholly owned subsidiary Quantium Solutions International (QSI) yesterday entered into a joint venture with Indonesia’s PT Rantai Bumi Laut (RBL) for a warehousing and freight forwarding business in Indonesia. The company, named PT Quantium Solutions Logistics Indonesia, will have an72 words
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88 2014-01-08 8 CAPITALAND was conferred a Top 10 Asean Enterprise Entering China award by the China-Asean Business Council in Beijing yesterday. This is the second straight year it has won this. CapitaLand president and group chief executive officer Lim Ming Yan was conferred the Outstanding Asean88 words
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Advertisement222 2014-01-08 4 NGEE ANN-ADELAIDE EDUCATION CENTRE k 4c The Ngee Ann Kongsi THE UNIVERSITY "/ADELAIDE A PARTNERSHIP SINCE 1998 Take the Lead ♦a-”?™ with a Group of Eight University Degree THE UNIVERSITY "/ADELAIDE Part-Time Full-Time Programs offered in Singapore NAA are of equivalent status as onshore degrees offered in Adelaide AACSB Accreditation222 words
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SINGAPORE MARKETS
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Article, Illustration535 2014-01-08 6 R SIVANITHY - STI makes a modest recovery before ending down for a third straight session STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent HAVING already dropped 52 points in total on Friday and Monday, the Straits Times Index yesterday initially managed a modest rebound, probably thanks to short-covering.Source: Bloomberg - 535 words
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Article186 2014-01-08 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 2 6 0 0 0 6 2 6 Manufacturing 44 48 42 11 5 8 55 53 50 Commerce 31 9 16 6 5 1 37 14 17 Tpt/Stor/Comms 14 12 14186 words
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Article123 2014-01-08 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,005 23,005 45,658 45,658 Manufacturing 718,051 717,147 1,435,198 172,250 27,721 199,971 Commerce 323,826 317,013 640,839 67,628 35,775 103,404 Tpt/Stor/Comms 76,419 5,440 81,859 131,272 644 131,915 Finance 38,803 175 38,978 292,180 57 292,237 Construction 66,616 503,013123 words
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Article109 2014-01-08 6 Stock name Close Change CapMallsAsia 1.915 -0.015 CapitaLand 2.960 CapitaMall 1.885 CityDev 9.300 -0.040 ComfortDelGro 2.010 +0.045 DBS Grp 17.040 +0.020 GLP 2.860 -0.030 Genting SP 1.485 Golden Agri 0.545 -0.010 HK Land 5.960 +0.050 HPH Trust US$ 0.665 JMH 53.020 +0.680 JSH 32.660 +0.550 Jardine109 words
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BROKERS’ TAKE
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Article, Illustration349 2014-01-08 6 Jan 7 close: S$7.68 Maybank Kim Eng Research, Jan 7 WE upgrade Venture Corporation to BUY from HOLD in anticipation of an earnings recovery this year, as well as renewed interest in the stock on account of this and the sustainable dividend yield of almost 7 per cent.Source: Bloomberg - 349 words
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Article, Illustration384 2014-01-08 6 TEH SHI NING - Compiled by TEH SHI NING Jan 7 close: S$3.88 OCBC Investment Research, Jan 7 SINGAPORE Technologies Engineering (STE) had a good run from Dec 31, 2012, to Nov 7, 2013. Its share price rose 9.9 per cent, outstripping the STI’s 1.1 per cent increase over the same period.Source: Bloomberg - 384 words
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Article135 2014-01-08 6 EPS earnings per share Ebit earnings before interest tax Ebitda earnings before interest, tax, depreciation amortisation FY fiscal/financial year H1, H2 first or second half NAV net asset value 9M nine months P/B price/book value (ratio) PE price/earnings (ratio) Q1, Q2, Q3 first, second, or third quarter q-o-q quarter-on-quarter135 words
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Article, Illustration531 2014-01-08 6 CURRENCIES Reuters [SINGAPORE] The rupiah led declines among emerging Asian currencies yesterday with South Korea’s won hitting a near two-month low as the dollar broadly gained despite disappointing US data. The Indonesian currency fell on corporate dollar demand. Offshore funds continued toReuters; PHOTO: BLOOMBERG - 531 words
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Article77 2014-01-08 6 Jan 7 VALUE CLOSE BT OB/OS 388.00 -78.00 BT CADI -*****.00 +38.00 BT 10-day MA -*****.00 +39.00 FTSE ST Mid Cap 715.55 +0.09 FTSE ST Small Cap 546.55 +1.26 FTSE ST All Share 759.21 -0.39 FTSE ST China Top 198.95 +0.35 FTSE ST China 224.79 -0.12 FTSE77 words
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Article55 2014-01-08 6 VOLUME KLW Hldgs 618,634,000 Charisma Energy 493,932,000 Memstar 363,045,000 CNA 182,624,000 HanKore 152,274,000 SingHaiyi 118,633,000 Federal Int 104,473,000 OEL 98,778,000 China Bearing 91,485,000 Albedo 88,201,000 VALUE($) OCBC Bk 181,528,290 SingTel 80,761,980 DBS Grp 60,275,820 Charisma Energy 40,828,129 UOB 40,439,140 Memstar 39,164,784 CNA 27,723,669 Wilmar 26,731,100 Keppel Corp55 words
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Article114 2014-01-08 6 BY CENTS CLOSE UP Lyxor AsiaIT 10US$ 3300 980.1 30.5 SPDR DJIA 10US$ ***** 696.6 3.5 Lyxor ThaiSET 10US$ ***** 249.2 1.9 JMH 5302 86.4 1.3 JSH 3266 69.9 1.7 DBXT MSTHAI 10US$ 1698 55.9 2.7 SPDRS S&P 500 10US$ ***** 44.5 0.2 Jardine C&C 3617 39.0 1.1 DBXT114 words
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Article126 2014-01-08 6 BY CENTS CLOSE DOWN DBXT Nifty 10US$ ***** -114.4 -0.9 Hyflux 6% CPS 10 ***** -60.0 -0.6 Lyxor China H 10US$ 1363 -36.9 -2.1 DBXT MSCHINA 10US$ 1211 -34.3 -2.2 DBXT FTChina25 10US$ 2819 -31.8 -0.9 Total Access 290 -25.4 -6.5 SI Fund 198 -13.0 -6.2 UOB 2072 -13.0126 words
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Advertisement30 2014-01-08 7 'T A I Newly renovated beachfront resort at Desaru Beach, Johor, Malaysia I V t ft f 9 a ,4 i Kindly call +6 **********8 for more information BRC v.30 words
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Advertisement203 2014-01-08 7 Senate confirms Yellen as Fed head, Page 16 Better manage the shadow plays in business by shining the light of true understanding NUS Business School Executive Education programs Authentically Asian insights EXECUTIVE EDUCATION ADVANCED MANAGEMENT PROGRAM: ASIA IN FOCUS 10 21 March 2014, Singapore Offering deep insights on global and203 words
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Advertisement2638 2014-01-08 8 mats notices 1 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices STARLAND HOLDINGS LIMITED (Company Registration No. *****1382E) (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Starland Holdings Limited (the “Company”) will be held at Seminar Room, 21 Heritage2,638 words
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SINGAPORE NEWS
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Article, Illustration788 2014-01-08 9 VIVIEN SHIAO - Polls by Hudson, Achieve Group differ on expected headcount changes By VIVIEN SHIAO vshiao@sph.com.sg SALARIES are expected to go up by 3-5 per cent this year, according to reports by two recruitment firms, but the outlook for hiring is less clear.PHOTO BLOOMBERG - 788 words
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473 2014-01-08 9 GRACE LEONG - German food firm alleges 2.46m euros of transactions By GRACE LEONG By gleong@sph.com.sg TWO top executives of Biomax Technologies are accused of carrying out unauthorised transactions totalling 2.46 million euros (S$4.24 million) from the bank account of Brightstar Holdings GmbH between June 2006 and March473 words
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380 2014-01-08 9 JACQUELYN CHEOK - By JACQUELYN CHEOK jaccheok@sph.com.sg POLICYMAKERS, and even entrepreneurs concerned about the lack of entrepreneurial ambition or activity in Singapore may have some reason to cheer: a recent survey has shown that being a “boss” has become the top career choice380 words
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SINGAPORE ROUNDUP
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139 2014-01-08 9 ERRANT employers who have been bypassing the Workplace Safety and Health Council’s (WSH) reporting requirements by breaking up the medical leave of their injured employees will no longer be able to do so. With changes to the WSH incident-reporting requirements, employers will now have to139 words
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Article143 2014-01-08 9 THE Workforce Development Agency (WDA) has appointed the Singapore Association of Convention and Exhibition Organisers and Suppliers (Saceos) to administer and promote its Enterprise Training Support (ETS) scheme. The association said yesterday that it will act as a one-stop ETS centre for its143 words
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Article90 2014-01-08 9 THE Monetary Authority of Singapore (MAS) announced yesterday that it will continue with its programme to make available “good-as-new” $2 notes to be stuffed into hongbao for the coming Chinese New Year. Under MAS’s “Go Green” initiative carried out last year, clean and crisp $290 words
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404 2014-01-08 9 RONNIE LIM - Sources say they have been awarded $890m contract By RONNIE LIM ronnie@sph.com.sg A CONSORTIUM comprising Royal Vopak, the largest independent terminal operator here, and engineering group Jurong Consultants has won the operatorship contract for the $890 million first phase of the Jurong Rock Cavern404 words
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491 2014-01-08 9 GRACE LEONG - By GRACE LEONG gleong@sph.com.sg THE inventors of an emergency mobile clinic who took the Ministry of Defence (Mindef) to court for intellectual property infringement have thrown in the towel, discontinuing their suit just days before a second tranche of trial was to start491 words
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Advertisement34 2014-01-08 9 hW<] $1.6 MILLION Estimated Draw on Thu, 9 Jan 2014 at 6.30pm For details, visit www.singaporepools.com.sg p V(i) Always play with care. responsibly] Do not bet illegally. RGB Reg No: *****0202G SINGAPORE E POOLS34 words
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MALAYSIA/INDONESIA
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624 2014-01-08 10 It expects higher earnings on local demand and likely interest-rate cut Bloomberg [JAKARTA] Indonesia’s biggest pension fund plans to boost equity and bond holdings in 2014 as it expects domestic consumption and a possible reduction in interest rates to raise companyBloomberg - 624 words
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486 2014-01-08 10 PAULINE NG - By PAULINE NG In Kuala Lumpur PROPERTY cooling measures have made most investors wary of buying shares of builders, but RHB Investment Bank believes that Matrix Concepts Holdings is worth a second look. The Negri Sembi-lan-based developer, having timed its initial public486 words
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Article, Illustration715 2014-01-08 10 S JAYASANKARAN - By S In Kuala S JAYASANKARAN In Kuala Lumpur FORMER prime minister Mahathir Mohamad has called for power-sharing among Malaysia’s races, the Barisan Nasional (BN) way, saying this was the best way for the country to remain peaceful and715 words
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Advertisement1909 2014-01-08 10 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices LOST SHARE CERTIFICATES NOTICE IS HEREBY GIVEN that the undermentioned original share certificates NOTICE IS ALSO HEREBY GIVEN that if within fourteen (14) days from the date of this publication, no claims or representations are made to the Directors of each of1,909 words
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Advertisement349 2014-01-08 10 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND WEISS SERVICES PTE. LTD. (In Members’Voluntary Liquidation) By way of Shareholder’s Written Resolution dated 2 January 2014, the following Resolutions were duly passed. 1. AS SPECIAL RESOLUTIONWINDING UP That the Company be wound up voluntarily pursuant to Section 290(1 )(b)349 words
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Advertisement796 2014-01-08 11 sV) *o*' s, T“oon» 00 at NITIAL PUBLIC OFFERING GLOBAL V 4 Y h X M f s i << *»Sg£ y ■.’•’•-r rT?rt^* EUROSPORTS GLOBAL LIMITED (Company Registration No.; *****0284Z) (Incorporated in the Republic of Singapore on 12 December 2012) Invitation in respect of 80,000,000 Invitation Shares comprising 40,000,000796 words
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GREATER CHINA
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327 2014-01-08 12 Reuters [HONG KONG] The number of properties sold in Hong Kong fell by more than a third last year to a 17-year low as a drastic increase in tax on home sales, introduced to tackle rising prices,– Reuters - 327 words
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Article, Illustration502 2014-01-08 12 2014 hikes to boost consumption, but drive low-cost factories abroad Bloomberg [BEIJING] China’s wages are set to increase by 10 per cent or more in 2014, driving more low-cost manufacturers out of the country and boosting consumption, according to analysts at firms includingBloomberg; PHOTO: AFP - 502 words
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276 2014-01-08 12 AFP [SHANGHAI] China will allow three to five fully private banks to be set up this year as part of efforts to further open up the sector, the banking regulator said. At a work conference on Monday, the China Banking Regulatory CommissionAFP - 276 words
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419 2014-01-08 12 Bloomberg [SHANGHAI] Greenland Holding Group Co, the builder of one of China’s tallest towers, will invest £1.2 billion (S$2.5 billion) on two property projects in London as Chinese developers branch out overseas. The state-owned company, which is investing in the UK for theBloomberg - 419 words
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303 2014-01-08 12 Bloomberg [BEIJING] China’s central government will boost spending on projects to conserve water this year as the world’s most-populous nation grapples with ways to ensure adequate supply of the vital resource, an official said. Water conservation investments totalled 439.7 billion yuan (S$92.37Bloomberg - 303 words
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Advertisement28 2014-01-08 12 JANUARYISSUE OUTNOW! WEARENO.1* andwewantyoutoshareourjoy! Enjoy30%OFFwhen you subscribe to the print edition now! Visitwww.hardwaremag.com *No.1 Consumer Electronics Magazine of the Year Magazine of the Year 2013 rankings, Lighthouse Research.28 words
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Advertisement65 2014-01-08 12 Into its 11thedition Participate In Singapore’s MEGA FOOD Mir 2014 BEVERAGE FAIR SUNTEC Singapore Halls 401-403 27th Feb 2nd Mar 2014 Book Now *Limited Booths Available! *****620 or Email: sales@exhibitsinc.com.sg Organised By: (ORGANISER OF IT SHOW, FOOD BEVERAGE FAIR, COMEX, WORLD FOOD FAIR AND CONSUMER ELECTRONICS EXHIBITION) BLOCK 8, LORONG65 words
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Advertisement4507 2014-01-08 13 WATS NOTICES I Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices GOODLAND GROUP LIMITED (Incorporated in Singapore) (Company Registration No: *****5522N) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of Goodland Group Limited (the “Company”) will be held at Seletar Country Club, 101 Seletar Club4,507 words
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WORLD
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Article, Illustration685 2014-01-08 14 Bonuses, estimated at US$1 b, said to be cause for company missing forecasts Reuters [SEOUL] Samsung Electronics has earned less than even the most conservative analyst forecast in Octo-ber-December after handing out an estimated US$1 billion in bonuses to mark 20 years since itsReuters; PHOTO: AFP - 685 words
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Article, Illustration588 2014-01-08 14 PAULINE CHIOU - Education system in need of overhaul as country progresses By PAULINE CHIOU The author is a CNN anchor/correspondent and the co-host of ’World Business Today’ based in Hong Kong. Follow Pauline on Twitter @PaulineCNN. For more business coverage, go to www.cnn.com/business. [HONG KONG]PHOTO: AFP - 588 words
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Article, Illustration486 2014-01-08 14 Bloomberg [HANOI] Vietnam will allow foreign investors to take bigger stakes in the nation’s lenders in a bid to bolster the ailing banking system. The limit for foreign so-called strategic investors will be increased to 20 per cent from 15 per cent, while theBloomberg; PHOTO: BLOOMBERG - 486 words
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587 2014-01-08 14 ANTHONY ROWLEY - Retired general with right-leaning views to join fray By ANTHONY ROWLEY in Tokyo TOKYO’S gubernatorial election next month is shaping up into a public test of Prime Minister Shinzo Abe’s nationalist policies with the entry as a candidate of retired Air587 words
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381 2014-01-08 14 AFP [TOKYO] Japan’s foreign minister left for Spain and France yesterday, where he was expected to press Tokyo’s case in its spat with China. In a message on his ministry’s Facebook page, Fumio Kishida noted that the visits wereAFP - 381 words
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533 2014-01-08 15 US$600m needed to fund a rice subsidy scheme at centre of political crisis Reuters [BANGKOK] Thailand’s besieged government faces a major confidence vote in financial markets next week when a state bank will try to raise about US$600 million in a domestic bondReuters - 533 words
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Article, Illustration364 2014-01-08 15 LATEST US DATA Reuters [WASHINGTON] The US trade deficit was the smallest in four years in November as exports hit a record high and weak oil prices restrained import growth, the latest evidence of strengthening economic fundamentals. The Commerce Department yesterday said thatReuters; PHOTO: BLOOMBERG - 364 words
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534 2014-01-08 15 First drop in 5 mths as confidence in economy grows Bloomberg [FRANKFURT] German unemployment in December declined for the first time in five months as companies’ confidence in Europe’s largest economy strengthens. The number of people out of work decreased by a seasonally adjusted 15,000 toBloomberg - 534 words
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Article, Illustration393 2014-01-08 15 AFP [BERLIN] Natural disasters, led by Super Typhoon Haiyan in the Philippines and flooding in Europe, cost a total of US$125 billion in 2013, German reinsurance giant Munich Re estimated yesterday. The figure was below the average over 10 years of US$184AFP; PHOTO: AFP - 393 words
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BRIEFING
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145 2014-01-08 15 AFP [AMIENS, France] US tyre giant Goodyear was locked in a bitter face-off yesterday at a French factory with workers who have been holding captive two executives for 24 hours in a last-ditch bid to save their jobs. Led by theAFP - 145 words
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106 2014-01-08 15 AFP [MADRID] A Spanish court summoned King Juan Carlos’ youngest daughter Cristina over suspected tax and money-laundering crimes yesterday, a first for a direct relative of the monarch. Ms Carlos, 48, has been linked to the business affairs of her husband, formerAFP - 106 words
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Article, Illustration676 2014-01-08 16 Move marks first time a woman leads US central bank in its 100-year history NYT [WASHINGTON] The Senate confirmed Janet Yellen as the chairwoman of the Federal Reserve, marking the first time that a woman has led the country’s central bank in its 100-yearNYT; PHOTO: REUTERS - 676 words
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Article, Illustration734 2014-01-08 16 Authorities said the deep freeze was making its way east AFP [CHICAGO] A blast of bone-chilling cold reaching lows not seen in two decades gripped the US early yesterday, snarling air travel, closing schools and prompting calls for people to stay inside. SuperlativesAFP; PHOTO: REUTERS - 734 words
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450 2014-01-08 16 Reuters [NEW YORK] US prosecutors are examining a new set of Credit Suisse Group AG documents, including internal emails, that may show whether a bank committee charged with overseeing the quality of home loans ignored red flags to the detriment of mortgage investors,Reuters - 450 words
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483 2014-01-08 16 Reuters [WASHINGTON] Recent college graduates in the United States face a more challenging job market, causing them to remain unemployed or take lower paying jobs than their counterparts in the past two decades, an analysis by the Federal Reserve Bank of NewReuters - 483 words
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Article, Illustration486 2014-01-08 16 Bloomberg [TORONTO] BlackBerry Ltd, which struggled to entice customers with touch-screen models last year, plans to return its focus to keyboard-equipped phones under chief executive officer John Chen. “I personally love the keyboards,” Mr Chen said at the International Consumer Electronics ShowBloomberg - 486 words
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Article, Illustration525 2014-01-08 18 Global research firm Ipsos polled respondents from 23 countries Reuters [NEW YORK] Most people around the world are optimistic that this year will be better than last year and that the global economy will be stronger, according to a poll. Seventy-six perReuters; PHOTO: REUTERS - 525 words
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383 2014-01-08 18 Reu ters [LONDON] British businesses reported strong growth and rising confidence in the fourth quarter of 2013, suggesting the country’s economic recovery will pick up speed, a survey showed yesterday. The British Chambers of Commerce (BCC) said its quarterly economic surveyReuters - 383 words
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Article, Illustration461 2014-01-08 18 Bloomberg [NEW YORK] Royal Bank of Scotland Group plc was ordered to pay US$50 million by a federal judge in Connecticut over claims that it rigged the London interbank offered rate. RBS Securities Japan Ltd in April pleaded guilty toBloomberg; PHOTO: REUTERS - 461 words
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422 2014-01-08 18 The drop in 2013 is at lowest level since at least 2006 Reuters [WILMINGTON, Delaware] Business bankruptcy filings in the United States dropped 24 per cent in 2013 to their lowest level since at least 2006, according to a report on Monday. Overall, bankruptcies byReuters - 422 words
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976 2014-01-08 18 MSCI Emerging-Mkt Equity gauge falls 5%, biggest drop in 15 years Bloomberg [NEW YORK] Wall Street’s biggest banks say the slump in emerging-market assets that left equities trailing advanced-na-tion shares by the most since 1998 last year will prove more than aBloomberg - 976 words
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Advertisement105 2014-01-08 15 ProspS|||iLunar New Year Delicacies 17 January to 14 February 2014 Usher in the Lunar New Year with an exquisite menu to celebrate an abundant year ahead with your family. Head Chef Mok Wan Lok dishes out eight meticulously crafted Lunar New Year set menus along with a scrumptious collection of105 words
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Advertisement4853 2014-01-08 17 WATS NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF INTERNATIONAL CONNEX HOLDINGS PTE LTD Company Registration No. *****0059W (Members’ Voluntary Liquidation) At an Extraordinary General Meeting of the members of INTERNATIONAL CONNEX HOLDINGS PTE LTD by Written4,853 words
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Advertisement157 2014-01-08 17 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF REGENCY ONE DEVELOPMENT PTE LTD COMPANY REG. NO: 2004-*****-W (IN VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN that the Creditors ofthe abovenamed Company, which is being wound up voluntarily, are required on or before the 20th January157 words
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Advertisement243 2014-01-08 17 THE COMPANIES ACT (CHAPTER 50) CENTRAL STEEL (SINGAPORE) PTE LTD (Co. Reg. No. *****6784N) (“Company”) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company duly convened and held on 3 January 2014, it was resolved that the Company cannot, by reason of its liabilities and other matters, continue243 words
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Transport HUB
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706 2014-01-08 19 DAVID HUGHES - The VLCC market can be heading for some good times or for an extended period in the doldrums STRAIT TALK By DAVID HUGHES NEW Year cheer among tanker owners was muted at the TradeWinds Charterers Forum in Geneva in the middle of last month.A706 words
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Article, Illustration530 2014-01-08 19 Free again Chinese vessel stuck while rescuing passengers of Russian ship AFP [BEIJING] A Chinese ship broke free yesterday from Antarctic ice in which it became stuck after rescuing passengers from a trapped Russian vessel, state media reported. The Xue Long, or Snow Dragon, “pulled free of the ice andAFP; PHOTO: AFP - 530 words
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355 2014-01-08 19 AFP [PANAMA CITY] After emergency Spanish mediation, the Panama Canal Authority and a consortium expanding the major waterway will try to resolve a US$1.6 billion dispute threatening to disrupt the project. Spanish Public Works Minister Ana Pastor flew to the Central American nation forAFP - 355 words
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378 2014-01-08 19 It’ll book 14b kroner gain in move to focus on core areas Bloomb erg [COPENHAGEN] A P Moel-ler-Maersk plans to sell stakes in supermarket and department store units as the owner of the world’s largest container shipping line divests assets that aren’t relatedBloomberg - 378 words
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Article234 2014-01-08 19 SGX '000 Jan 07 S$ +/-Vol Ch Offshore 0.43 unch 120 Chuan Hup Hldg 0.27 unch 170 Jan 07 Cwt Limited Vol First Ship Lea 0.43 Grand Banks 0.23 0.01 123 Jaya Hold Ltd Cosco Cprp K1Ventures 0.19 unch 2092 Keppel Corp 11.18 0.07 2209 Mercator Lines unch234 words
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TRANSPORT HUB: AVIATION
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Article, Illustration517 2014-01-08 20 Icy conditions, pilot limits cited for latest spate of cancellations NYT [NEW YORK] There is reason to celebrate the 100th anniversary of the first scheduled airplane passenger flight in the United States. That flight was right on schedule. After a week like theNYT; PHOTO: REUTERS - 517 words
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676 2014-01-08 20 Reuters [CHICAGO] Boeing remained the world’s largest plane maker in 2013, but industry sources said it lost the race to log new orders to rival Airbus. Boeing Co said on Monday that it delivered a record 648 jetliners in 2013, topping Airbus forReuters - 676 words
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419 2014-01-08 20 Decision further delayed on which state gets 777X job Reuters [SEATTLE] Some Boeing Co machinists plan to push for a recount or even a new vote on their latest labour contract with the aircraft maker, possibly extending a long-running drama over whichReuters - 419 words
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Article, Illustration363 2014-01-08 20 Bloomberg [LONDON] EasyJet Plc, Europe’s No 2 discount airline, grew faster than market leader Ryanair Holdings Plc last year as CEO Carolyn McCall refined its product offering to appeal to a wider range of clients. EasyJet’s passenger count rose by 2.13 million, or 3.6– Bloomberg; PHOTO: AFP - 363 words
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TRANSPORT HUB: LAND
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Article, Illustration463 2014-01-08 21 Move to introduce it in California ties with step to create refuelling stations AFP [LAS VEGAS] Toyota said that it plans to launch a fuel-cell car in the United States next year, declaring the hydrogen vehicle with zero emissions “theAFP; PHOTO: AFP - 463 words
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296 2014-01-08 21 Bloomberg [BEIJING] China has ordered Fiat SpA’s Chrysler Group LLC to investigate its Jeep Wrangler, saying the SUV had a “relatively high risk” of catching fire and warned owners not to drive the vehicle under extreme conditions. Owners of the Jeep Wrangler, which isBloomberg - 296 words
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277 2014-01-08 21 AFP [LONDON] Sales of new cars in Britain accelerated last year to the highest level since 2007, industry data showed yesterday, as the nation’s economic recovery picks up speed. Nearly 2.265 million new cars were registered in 2013, compared with 2.045 millionAFP - 277 words
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Advertisement64 2014-01-08 19 16 18 July 2014 Marina Bay Sands, Singapore m XP r r ASIA www.OfficExpoAsia.com Next-Generation Workscape w Next-Gen Workforce Next-Gen Workplace m m wj Next-Gen Technology Join hands with us, together we shape the next-gen workscape. To exhibit, contact: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF Sf£l Tel: (65)64 words
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Advertisement59 2014-01-08 19 HWM GADGETS Fresh Gear, Great Deais! i-imiivi GADGETS WIN! Parallels run windows Desktops on your mac! for Mac Download HWM GADGETS onto your iPad for free and stand a chance to win a Parallels Desktop 9 for Mac worth $98! Stay up-to-date on the latest launches in town Enjoy special59 words
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Advertisement25 2014-01-08 20 V Thousands of Singapore property agents exit the Kb Thousands of Singapore property agents exit the industry To subscribe, call 6388-3838 or go to sphsubscription.com.sg25 words
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Page 20 Miscellaneous
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Miscellaneous320 2014-01-08 20 CRYPTIC CROSSWORD Across 1 Offers supply vessel and leaves without permission (7) 5 One might sink eight pints, full of energy! (7) 9 Knit bag for loose change (5) 10 What one does after an alarming breakdown? (9) 11 Thrashing hit general badly (10) 12 What the Irish used to320 words
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Advertisement516 2014-01-08 21 The Art Science of Effective Communication Who should attend: Managers, team leaders and other general management professionals, marketing professionals, retail professionals, customer service professionals, business owners, educators, executives and anyone interested in effective communication in and out of the office. FULL-DAY WORKSHOPS Managing Your Customers Managing customers is important for516 words
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EDITORIAL & OPINION
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494 2014-01-08 22 EDITORIAL THE annual Consumer Electronics Show (CES), now being held at Las Vegas, usually affords the first glimpse of various electronic gadgets and trends which the industry expects will become the craze during the rest of the year. For many tech enthusiasts, however, the494 words
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Article, Illustration738 2014-01-08 22 FRANK CHING - THE BOTTOM LINE FRANK CHING The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 IN an example of China flexing its economic muscles in Europe, the Spanish government has decided to intervene and block a special738 words
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Article, Illustration969 2014-01-08 22 ANDRÉS VELASCO - Argentina’s bountiful shale gas field could alter the regional balance of gas-based power By ANDRÉS VELASCO The writer, a form er finance minister of Chile, is a visiting professor at Columbia University Project Syndi cate in Santiago IMÓN Bolívar, the South American independence hero whoProject Syndicate; PHOTO: REUTERS - 969 words
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Article, Illustration836 2014-01-08 23 WILLIAM PESEK - Lord Voldemort has been invoked in the dust-up between the Chinese and Japanese ambassadors to Britain WILLIAM PESEK Bloomberg LONDON isn’t usually the place to look for clues about rising tensions between China and Japan. But a surreal diplomatic tit-for-tat there speaks volumesBloomberg; FILE PHOTO - 836 words
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688 2014-01-08 23 DENNIS POSADAS - By DENNIS POSADAS The writer is the author of ‘Greenergized: A business fable on clean energy’ (UK: Greenleaf, 2013) THE devastation brought by Typhoon Haiyan to some islands in the Philippines in November left entire towns and cities levelled to the ground, and thousands688 words
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1495 2014-01-08 23 HARISH MEHTA - By HARISH MEHTA The writer, a former BT senior Indochina correspondent, is a historian who has taught at Canadian universities and authored books on Indochina THE surprising victory of India’s fledgling Aam Aadmi Party (AAP) or Common Man’s Party in recent1,495 words
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2470 2014-01-08 24 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH2,470 words
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Advertisement16 2014-01-08 24 FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times?16 words
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Advertisement18 2014-01-08 24 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping times18 words
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Advertisement164 2014-01-08 25 mporters ooking for Warehouse Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT *****327 II USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your164 words
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SINGAPORE STOCKS
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Article3071 2014-01-08 26 Transaction date: Jan 7 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 Div Gr Yld Net 188 106 AIMSAMPIReit 142 -0.5 333 142.5 141.5 141.5 142 7.53,071 words
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Article296 2014-01-08 27 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 37 17.3 t 3Cnergy 500 Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale (‘000) High Low Buyer Seller296 words
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Article11257 2014-01-08 27 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.52/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond 1 8906/ China Opportunities 1 2 7943/ EM Local Ccy Bond *****/ European Opportunities 1 1 3136/ Global Emerging Markets11,257 words
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Article249 2014-01-08 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 52 35.5 Genting HK US$ US43.5 unch 3812 44 43.5 43.5 44 2864.3 Sale 318 191 TanChongInt HK301 +1 51 307 301 301 305 4.3 2.3249 words
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Article885 2014-01-08 27 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 143 124.5 CIMB APAC Div 100S$D 124.5 -1.2 3 124.5 124.5 123.7 124.6 114.4 98.3 CIMB APAC Div 100US$ US98.3 97.4 97.9 10.3 1510 1192885 words
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FINANCE & COMMODITIES
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Article728 2014-01-08 28 Jan 7 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.41 *****.37 *****.25 Mar14 *****.00 *****.00 *****.00 *****.00 *****2 *****8 Jun14 *****.00 *****.00 *****.00 *****.00 7 1772 MSCI TAIWAN INDEX FUTURES SPOT 297.58 298.48 296.77 Jan14 297.20 299.20 296.40 297.40 ***** *****7 Feb14 297.60728 words
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373 2014-01-08 28 In local curr In S$ In US$ dy yr dy yr dy yr Jan 6 Index Change Change Change Change Change Change World Preliminary 1172.6 -0.3 -1.0 -0.2 -0.8 -0.4 -1.3 EAFE Preliminary 950.8 -0.3 -0.6 -0.1 -0.8 -0.3 -1.2 Europe Preliminary 1349.5 -0.1 -0.4373 words
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Article471 2014-01-08 28 Jan 7 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.953 5.401 0.655 6.921 55.700 109.561 0.932 9.536 2.933 1.080 94.177 39.993 1.135 9.509 0.809 26.856 29.521 0.545 0.893 Canada 1.050 5.670471 words
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Article34 2014-01-08 28 Jan 7 (US$) (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) (S$) 3 mths ..0.***** 3 mths Source: Thomson Reuters34 words
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Article88 2014-01-08 28 Jan 7 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 6-Month BS*****Z 27-Jun-14 0.31 1-Year BY*****T 31-Oct-14 0.32 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.13 01-Apr-16 101.58 101.60 101.59 5-Year N*****0T 0.5 01-Apr-18 97.55 97.60 97.6088 words
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Article138 2014-01-08 28 Jan 07 GOLD(US$/oz) Jan 07 Jan 06 Hong Kong 1246.00 1245.00 Jan 06 Jan 03 London 1241.60 1235.99 1242.15 1237.21 Source: Thomson Reuters CAST BAR Jan 07 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 114 51 5gm 324 253 10gm 579 507138 words
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Article59 2014-01-08 28 Jan 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jan 14 2549.0 2530.0 2552.0 2530.0 191 1538 Feb 14 2577.0 2542.0 2577.0 2539.0 3387 ***** Mar 14 2592.0 2561.0 2594.0 2558.0 ***** ***** Apr 14 2599.0 2569.059 words
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Article155 2014-01-08 28 Jan 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1345 1.1349 0.8925 0.8926 Canadian dollar 1.1906 1.1916 0.9372 0.9366 Euro 1.7311 1.7316 1.3618 1.3620 NZ dollar 1.0508 1.0512 0.8266 0.8268 Sterling pound 2.0830 2.0837 1.6386 1.6389155 words
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Article109 2014-01-08 28 Jan 6 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Jan 14 1296.75 1289.25 1301.50 1290.00 Mar 14 1276.75 1271.25 1282.25 1269.25 May 14 1261.50 1258.25 1267.00 1256.25 Jul 14 1251.00 1248.25 1256.00 1245.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Jan 14109 words
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Article94 2014-01-08 28 Jan 6 COCOA (£/tonne) Close Prev High Low Mar 14 1706 1730 1738 1703 May 14 1698 1717 1725 1695 Jul 14 1693 1710 1720 1690 Sep 14 1690 1706 1715 1683 COFFEE(US$/tonne) Close Prev High Low Jan 14 1707 1660 1719 1658 Mar 14 1705 1644 1717 163694 words
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1123 2014-01-08 28 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 (’000) Asia-Pacific Strategic W*****6 Ratio Acma Ltd W*****7 Price Albedo Limited W*****9 Disc Ascendas Reit MB ECW*****3 2.9 0.2 240 2 Ascendas Reit MB eCW*****1 3.6 0.2 2101,123 words
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Article70 2014-01-08 28 CRUDE OIL PRODUCTS Jan 06 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.75 -0.03 WTI (Near Mth) 93.67 -0.56 Dubai (1-Mth F) 104.23 -0.27 Tapis blend 113.14 0.09 Minas 106.44 -0.11 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.97 -1.20 Jet Kerosene 122.66 -1.38 US$/barrel OpecOil Basket70 words
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Article22 2014-01-08 28 Jan 7 S$ Bid Offer 1-month 1.2712 1.2714 2-months 1.2711 1.2713 3-months 1.2711 1.2713 6-months 1.2707 1.2710 Source: OCBC22 words
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Article65 2014-01-08 28 Jan-06 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1735.25 1727.25 3 months 1782.50 1772.50 Copper, Grade A(US$/tonne) Cash 7346.50 7330.50 3 months 7325.00 7315.00 Lead(US$/tonne) Cash 2136.50 2147.50 3 months 2165.00 2176.00 Nickel (US$/tonne) Cash *****.00 *****.50 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.0065 words
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Article121 2014-01-08 28 As at 9am Jan 07 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.162 1.107 Can dollar 1.211 1.165 Euro 1.768 1.684 Sterling pound 2.120 2.039 NZ dollar 1.075 1.034 US dollar 1.294 1.233 Local dollars to 100 units of foreign121 words
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Article158 2014-01-08 28 Jan 7 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 7/16 5/16 Overnight mode: 0.01 US$ Offer Bid 7 days 0.20 0.10 1 month 0.26 0.16 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.50 0.30 9 months 0.60 0.40 12158 words
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executive Money
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Article, Illustration1354 2014-01-08 30 EDDY LOH - As Europe slowly but steadily weathers its fiscal woes, 2014 will most likely see more markets delivering positive returns EDDY LOH The writer is an equity strategist at Barclays IN some parts of the financial markets, there are rumblings that a bubble is building up1,354 words
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Article, Illustration1535 2014-01-08 29 PAUL SULLIVAN - Medium-term projection would be your best bet with some guessing thrown in, and also a correction on the cards By PAUL SULLIVAN NYT FIVE years ago, it would have been easy to predict that the stock market would be higher today than it was then. But noNYT; PHOTO: AFP - 1,535 words
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Article, Illustration1184 2014-01-08 29 It tumbled 28% last year and some see a further 19% fall to US$1,000 this year Bloomberg [CHICAGO] Hedge funds have raised their bullish gold bets to a six-week high, splitting with analysts at Technical Research Advisors and Goldman SachsBloomberg; PHOTO: BLOOMBERG - 1,184 words
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Advertisement341 2014-01-08 30 Mainland network security stock surges nearly 3-fold f I V S 1 s Invest in the U.S. market with E*TRADE Flat Commission Per Trade us$9.99 and open an account now to get a free trial of E*TRADE PRO MIX Securities in your account protected up to US$500,000 E*TRADE MOBILE E*341 words
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Advertisement36 2014-01-08 1 Wealth SERGE DE GANAY SPOTLIGHT Wealth preservation is ingrained in his gene Roundtable on what’s in store in 2014 Investment potential of Singapore properties Chinese healthcare: A shot in the arm for wealthy investors? JANUARY 201436 words
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Advertisement257 2014-01-08 2 / 3 n "Y O II Wfe- ix -%-m 4 '4- > I i I* f r t '•T: n. TvJh 1 i 'ir. is f j t- i «v ■1 5T 5 Jdl -r 1' Ju 1 -2 tef* a- IL- i4*F" I..- *•*1 ii.• MR 1 CPRw ii 5 T257 words
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Advertisement139 2014-01-08 4 CONTENTS STOCK.XCHNG PHOTO: 10 OUTLOOK Investing in the year ahead Equities remain the flavour of the year, but strategists caution that returns are expected to be more muted 12 EQUITY MARKETS Climbing the wall of worry This year, equities are again expected to generate positive returns, outperforming both cash and139 words
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Advertisement87 2014-01-08 5 Credit Suisse M SS' =1 rtvmm raw mm L. lT 3 L_ i H»s-. z 1= y T& ASIAN PRIVATE BANKER AWARDS FOR DISTINCTION 2012 wl m Best Private Bank Indonesia Best Private Bank Family Office Services Best Private Bank Philanthropic Services Our clients have individual goals and ambitions. Credit87 words
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Advertisement224 2014-01-08 6 20 35 36 22 ROUNDTABLE Making the next move Staying diversified has paid off for investors over the past year. While developed market equities put up a better showing than Asia and emerging market equities, what investment themes will unfold in 2014? Our panellists share their views 30 ASSET MANAGER224 words
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Advertisement48 2014-01-08 7 KEEP IT IN THE FAMILY. There’s a very good reason that we know so much about family businesses; we are one. Which is one reason Britain’s wealthy families have been coming to us to protect their wealth for over 300 years. coutts.com INVESTMENT MANAGEMENT PRIVATE BANKING WEALTH PLANNING48 words
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Wealth
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Article, Illustration715 2014-01-08 8 Genevieve Cua - By Genevieve Cua S a high net worth individual, you yearn to leave a legacy and you know that making wealth last through more than one generation is truly a challenge. Markets, of course, pose a major risk just as they are an opportunity. The risk is thatPHOTO: STOCK.XCHNG - 715 words
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OUTLOOK
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Article, Illustration1029 2014-01-08 10 Genevieve Cua - EQUITIES REMAIN THE FLAVOUR OF THE YEAR, BUT STRATEGISTS CAUTION THAT RETURNS ARE EXPECTED TO BE MORE MUTED By Genevieve Cua QUITIES are still the favoured asset class for 2014, as views from various strategists contacted by Wealth show. But many sound a note ofPHOTO: STOCK.XCHNG - 1,029 words
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EQUITY MARKETS
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Article, Illustration1148 2014-01-08 12 Rob Aspin - THIS YEAR, EQUITIES ARE AGAIN EXPECTED TO GENERATE POSITIVE RETURNS,OUTPERFORMING BOTH CASH AND FIXED INCOME By Rob Rob Aspin Rob Aspin is Head of Equity Investment Strategy, Group Wealth Management, Standard Chartered Bank QUITY markets, particularly those in the developed world, rallied strongly in 20131,148 words
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TRUST MATTERS
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Article, Illustration1215 2014-01-08 14 Mark Haynes Daniell - FAMILY WEALTH MANAGEMENT IS ALL ABOUT ADOPTING THE BEST PRACTICE OF THE PAST AND PUTTING IN PLACE THE NEXT PRACTICE OF THE FUTURE Mark Haynes Daniell Founder and Chairman Raffles Family Wealth Trust Mark Haynes Daniell is the founder and chairman of the Raffles Family1,215 words
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FAMILY WEALTH
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Article, Illustration1066 2014-01-08 18 Bernard Fung - A FAMILY CHARTER CAN BE A USEFUL TOOLTO HELP KEEP WEALTH IN THE FAMILY By Bernard Fung Bernard Fung is Head of Family Office Services and Philanthropy Advisory for the Asia-Pacific, Private Banking Wealth Management, Credit Suisse N an article written for The Business Times1,066 words
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SPOTLIGHT SERGE DE GANAY
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Article, Illustration1476 2014-01-08 20 Genevieve Cua - FOR SERGE DE GANAY, THE SIXTH GENERATION DESCENDANT OF OTTO BEMBERG AND CHAIRMAN OF QUILVEST WEALTH MANAGEMENT, THE CONCEPT OF WEALTH PRESERVATION IS INGRAINED IN HIS GENE By Genevieve Cua EALTH preservation and diversification sound like mundane buzzwords that are routinely included in advice forPHOTO: ARTHUR LEE - 1,476 words
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728 2014-01-08 21 Genevieve Cua - By Genevieve Cua THE family off ice concept is one that has caught private banks’ attention. Burgeoning wealth in Asiasuggests that there is a pool of ultra high net worth families that may benefit from a family office, and some banks have rolled728 words
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ROUNDTABLE
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Article, Illustration4931 2014-01-08 22 STAYING DIVERSIFIED HAS PAID OFF FOR INVESTORS OVER THE PAST YEAR. WHILE DEVELOPED MARKET EQUITIES PUT UP A BETTER SHOW ING THAN ASIA AND EMERGING MARKET EQUITIES, WHAT INVESTMENT THEMES WILL UNFOLD IN 2014? OUR PANELLISTS SHARE THEIR VIEWS 2013 was a gratifying one for investorsPHOTO: STOCK.XCHNG - 4,931 words
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Article, Illustration285 2014-01-08 28 Genevieve Cua, BT Wealth Editor poses questions to five wealth experts for their views on the outlook for 2014. Lim Say Boon is Chief Investment Officer at DBS Private Bank. He has previously held senior positions in bankingand finance and the financial media. life-long interest in285 words
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ASSET MANAGER
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Article, Illustration2183 2014-01-08 30 FROM QUANTITATIVE EASING TO EQUITIES AND BONDS TO PERFORMANCE OF DEVELOPED/EMERGING MARKETS, STRATEGISTS FROM BLACKROCKGIVE THEIR TAKE ON THE FACTORS AT PLAY AND THE EFFECTS ON MARKETS WELCOME to a new regular feature of Wealth magazine, where we highlight fund management companies and their views. Our2,183 words
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MULTI-ASSET STRATEGY
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Article, Illustration992 2014-01-08 32 Aymeric Forest - THE CHALLENGE IS IN GENERATING INCOME TO MEET INVESTORS’ NEEDS BUT WITHOUT TAKING UNDUE RISKS By Aymeric Forest Aymeric Forest (CFA) is Multi-Asset Fund Manager, Schroders HE demand for income solutions is a function of global and structural issues, largely a result of an ageing demography, negativePHOTO: iSTOCKPHOTO - 992 words
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FOREX MARKETS
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Article, Illustration1001 2014-01-08 33 Fabian Neo - WHAT INVESTORS SHOULD LOOKOUT FOR AND WHAT THEY CAN DO TO CAPITALISE ON KEY DEVELOPMENTS By Fabian Neo Fabian Neo is Head of Treasury and FX Sales, Asia, Barclays AS we gallop into the year of the horse, there arePHOTO: iSTOCKPHOTO - 1,001 words
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EMERGING MARKET BONDS
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Article, Illustration1012 2014-01-08 34 Todd Schubert - FED TAPERING CONCERNS HAVE ADVERSELY IMPACTED INVESTOR SENTIMENT FOR EMERGING MARKET BONDS, BUT MODESTLY BETTER RETURNS MAY LIE AHEAD By Todd Schubert Todd Schubert (CFA) is Head of Fixed Income Research, Bank of Singapore 2013 has proven disappointing for investors in emerging market (EM) corporate bonds. WithPHOTO: STOCK.XCHNG; Source: IMF; Source: BAML - 1,012 words
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VIEWPOINT
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Article, Illustration1051 2014-01-08 35 Leonardo Drago - INVIEWOFRECENTGLOBAL DEVELOPMENTS, WHICH INVESTMENTS STILL OFFER VALUE? Leonardo Drago Co-founder AL Wealth Partners AL Wealth Partners is an independent Singapore-based company providing fund management and advisory services to accredited investors A FRIEND was asking for investment advice, concluding that funds are bad investments. Funds are usually promotedPHOTO: AP - 1,051 words
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REAL ESTATE
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Article, Illustration1359 2014-01-08 36 Alice Tan - OPPORTUNITIES EXIST FOR INDIVIDUALS OF HIGH NET WORTH TO INVEST IN SINGAPORE PROPERTY, DESPITE AQUIETER MARKET Alice Tan Associate Director and Head of Consultancy Research Knight Frank S INGAPORE property has become a choice asset class for high net worth individuals (HNWIs), especially since the 2008 global financialSource: REALIS (as at Nov 26, 2013), Knight Frank Research; PHOTO: KNIGHT FRANK; FILE PHOTO - 1,359 words
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ULTRA WEALTH
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Article, Illustration990 2014-01-08 38 Tara Loader Wilkinson - ONLY TIME WILL TELL IF CHINA’S FLOURISHING HEALTHCARE SECTOR WILL BE A PANACEA OR BITTER PILL FOR WEALTHY INVESTORS Tara Loader Wilkinson Editor-in-Chief Wealth-X Wealth-X is the source of intelligence on the ultra wealthy, with the world’s largest collection of curated research on UHNW individualsPHOTO: iSTOCKPHOTO - 990 words
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Advertisement92 2014-01-08 39 Even after you’ve come this far, some things never change. Voted Outstanding Private Bank Asia Pacific 2013 by Private Banker International Like you, we believe in the timeless value of hard work. That’s why Bank of Singapore is dedicated to building on your values of diligence, with private bankers who92 words
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Advertisement164 2014-01-08 40 m mk. as -4. 2£i31 m V; v\M 1 Are you the investor you think you are? Often the way we perceive ourselves is very different from reality. By fully understanding how your Financial Personality affects your decision-making, we can create an investment strategy that’s uniquely designed around you. For164 words
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