The Business Times, 2 September 2014
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2014-09-02
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The Business Times
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Title Section25 2014-09-02 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 051/08/2014 Tuesday, eptember 2, 201425 words
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Article, Illustration615 2014-09-02 1 VIRGINIE MANGIN - Shallow recovery may be starting to lose momentum; risks remain in property sector By in VIRGINIE MANGIN in Beijing CHINA’S official Purchasing Managers’ Index (PMI) which tracks sentiment in the manufacturing sector fell from a 27-month high in August, pointing to continuedPHOTO: REUTERS - 615 words
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792 2014-09-02 1 KENNETH LIM - Taiwan merchant bank may soon become fullservice lender, broker By KENNETH LIM kenlim@sph.com.sg @KennethLimBT [SINGAPORE] Taiwanese merchant bank China Development Financial Holding Corp (CDFH) is the latest to set its sights on the second-tier wealth market, with the planned acquisition of AmFraser792 words
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MARKETS DIGEST
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Article65 2014-09-02 1 HST INDEX 3,314.13 (-12.96) HST INDEX FUTURES 3,315.00 (-13.00) HSIMSCI 376.29 (-1.35) HSIMSCI FUTURES 376.10 (-1.30) US$ S$ US$ (S$ per US$) 1.249 (US$/S$ per 1.659 2.073 EURO (US$/S$/€ 1.313 1.640 Foreign currency per US$ S$ YEN 104.10 83.40 RM 3.152 2.523 HK$ 7.750 6.204 BAHT 31.95 25.57 RUPIAH65 words
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Article46 2014-09-02 1 Monday Change KL COMP Closed NIKKEI 225 15,476.60 +52.01 HANG SENG 24,752.09 +10.03 SET INDEX 1,565.35 +3.72 JAKARTA COMP 5,177.62 +40.76 MANILA COMP 7,083.49 +32.60 SEOUL COMP 2,067.86 -0.68 SHENZHEN B 947.07 +6.87 MUMBAI IND 26,867.55 +229.44 12 noon EDT Change DOW Closed NASDAQ Closed46 words
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Article25 2014-09-02 1 SINGAPORE MALAYSIA 6.55 HONGKONG 5.00 INDONESIA 14.807 TAIWAN 5.036 JAPAN 1.475 KOREA BRITAIN 0,50 us 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA Source: Bloomberg25 words
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Page 1 Advertisements
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Advertisement118 2014-09-02 1 SME Inc Chewy Junior sets its sites right page 12 BUILDING GLOBAL COMPANIES Kumar Chand, founder of Grupo Kaybee PAGE 13 COMPANIES Global Yellow Pages in ice-cream business deals PAGE 7 ASIAN LEADERS INSIGHTS Liew Mun Leong still flying high PAGE 11 Hard work over privilege Spotlight on NextGen leaders118 words
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TOP STORIES
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Article, Illustration610 2014-09-02 2 CHAN YI WEN - Third Green masterplan aims to change their usage attitudes, practices SINGAPORE GREEN BUILDING WEEK Reports by CHAN YI WEN yiwenc@sph.com.sg @ChanYiWenBT [SINGAPORE] Under the third Green Building Masterplan, Singapore will focus its efforts for the next five to 10 years on working with end-users610 words
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Article, Illustration474 2014-09-02 2 [SINGAPORE] Commercial buildings here have become more efficient in their use of electricity in the last five years, a report by the Building and Construction Authority of Singapore (BCA) on Monday revealed. The report said, for instance, that the gross floor area ofFILE PHOTOS - 474 words
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355 2014-09-02 2 CAI YONG - By CAI YONG caiyong@sph.com.sg [SINGAPORE] To facilitate innovation in the building industry, the Economic Development Board (EDB) on Monday launched the Pre-Project Innovation Consortium (PPIC) initiative, during the annual International Green Building Conference, organised by the Building and Construction Authority of Singapore. Under PPIC, developers355 words
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Article, Illustration441 2014-09-02 2 LEE U-WEN - By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT [SINGAPORE] Outgoing Indonesian President Susilo Bambang Yudhoyono will make what is likely to be his final state visit to Singapore before he steps down from office next month. The leader of South-east-Asia’s largest economy will beFILE PHOTO - 441 words
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Article411 2014-09-02 2 China’s PMI falls from 27-month high in August CHINA’S official Purchasing Managers’ Index fell from a 27-month high in August, pointing to continued weakness in the economy, mainly in the property sector. FRONT PAGE CDFH has wealthy in mind in Am Fraser bid TAIWANESE merchant bank China Development411 words
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Article, Illustration503 2014-09-02 3 Bloomberg [HONG KONG] Macau casino revenue was worse than analysts estimated in August, falling a third straight month as China’s anti-graft campaign curbed gambling by VIPs. Casino shares dropped. Total gross gaming revenue in the world’s biggest gambling hub declined 6.1 per centBloomberg; FILE PHOTO - 503 words
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221 2014-09-02 3 Bloomberg [MADRID] CaixaBank, Spain’s third-biggest lender, agreed to buy banking operations in the country from Barclays plc for about US$1.1 billion in cash to expand its business as economic growth picks up. The sale includes retail banking, wealth and investment management and corporate bankingBloomberg - 221 words
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470 2014-09-02 3 CLAIRE HUANG - New company will first focus on resource-rich waters surrounding UK By CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT [SINGAPORE] The Republic’s sovereign wealth fund, GIC, is investing in a new North Sea oil-and-gas exploration and production company, Siccar Point Energy Limited. Affiliates470 words
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Page 3 Advertisements
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Advertisement51 2014-09-02 3 Heartiest r to Mr Raymond Ng Ah PBM v On being conferred The Public Service Star (Bintang Bakti Masyarakat, BBM) By His Excellency, The President of the Republic of Singapore Mr Raymond Ng Ah Hua, PBM Executive Chairman Enviro-Hub Holdings Group From Management and Staff of SS SOIBUILD GROUP HOLDINGS51 words
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COMPANY NEWS
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382 2014-09-02 4 ANGELA TAN - Move to boost its leadership in fund administration By ANGELA TAN angelat@sph.com.sg MAPLES Fund Services (Maples FS), an independent provider of specialised fiduciary and fund services, said on Monday that it is acquiring the Hong Kong and Singapore operations ofVistra Fund Services382 words
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Article, Illustration445 2014-09-02 4 CLAIRE HUANG - Changes come after CapitaMalls Asia CEO Lim Beng Chee quits By CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT A LEADERSHIP transition is in place at Asia real-es-tate giant CapitaLand as it announced new chief executive officers (CEOs) for two units following the departure of a key445 words
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483 2014-09-02 4 NISHA RAMCHANDANI - By NISHA RAMCHANDANI nishar@sph.com.sg@Nisha_BT THE Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX) are seeking feedback on proposed changes that would give retail investors better access to bonds. This comes amid rising retail interest in fixed income products such as plain483 words
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Article, Illustration381 2014-09-02 5 CLAIRE HUANG - Industry veteran John Laurens to head global transaction services By CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT DBS Bank on Monday announced two senior management appointments as it seeks to build a regional leading transaction banking business, one of the bank's strategic priorities. John Laurens, an industry381 words
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202 2014-09-02 5 MAINBOARD-LISTED Boustead Singapore, through its wholly-owned subsidiary, Boustead Projects Pte Ltd, is sponsoring the Boustead Golf Open 2014, which is into its second year and represents the sixth tournament in the Singapore Professional Golfers’ Association (SPGA). The Boustead Golf Open will take202 words
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BROKERS’ TAKE
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Article250 2014-09-02 5 Sept 1 close: S$2.58 DBS VICKERS RESEARCH, Sept 1 FY14 core net profit was up 29 per cent y-o-y but missed both our and consensus estimates; 2.5 Singapore cents special DPS (dividend per share) was declared. Olam is on track to achieve FY16 gearing target and has completed250 words
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Article279 2014-09-02 5 Sept 1 close: S$0.875 CREDIT SUISSE, Sept 1 WE reinstate coverage of Halcyon Agri with an “outperform” rating (previously “neutral”) and target price of S$1.20 (previously S$0.80). We believe there is over 40 per cent share price upside driven by significant capacity growth and supported by increasing279 words
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Article430 2014-09-02 5 KENNETH LIM - Compiled by KENNETH LIM Sept 1 close: S$0.815 UOB KAY HIAN, Sept 1 WE initiate coverage on Kris with a “buy” recommendation. Our investment thesis is premised on four near/mid-term catalysts: Nimmediate upside to its share price once the government approves its pending transactions in Indonesia (Block A (Aceh)430 words
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COMPANY BRIEFS
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83 2014-09-02 5 CROESUS Retail Trust (CRT) is acquiring a big shopping mall in Greater Tokyo for 11 billion yen (S$131.8 million). The purchase price represents a discount of 5.2 per cent to the independent valuation of the mall. The acquisition will be financed via83 words
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55 2014-09-02 5 OLAM International has sold its dairy processing plant in Cote d’Ivoire to Royal FrieslandCampina for US$18.7 million. In addition, Olam said it will assign its trademark “Pearl” for US$6.3 million, allowing Friesland the right to use the trademark for sweet condensed and evaporated milk products55 words
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49 2014-09-02 5 SINGAPORE Press Holdings’ (SPH) wholly owned subsidiary SPH Magazines has disposed of 34 shares in WhiteWave Media Group (WWMG), which comprise a 34 per cent stake in WWMG, for S$400,000. As such, WWMG has ceased to be an associated company of SPH.49 words
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82 2014-09-02 5 STATS ChipPAC has highlighted that talks with Jiangsu Changjiang Electronics Technology Co (JCET) which is looking into acquiring STATS ChipPAC are still at a preliminary stage. It pointed to a release by JCET to the Shanghai Stock Exchange on Monday which said that82 words
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607 2014-09-02 5 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY THE Singapore penny-stock crash of October last year was a painful affair that generated widespread discussion among regulators, stockbrokers and members of the public on what went wrong, how it could have been handled better and how to607 words
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403 2014-09-02 7 CLAIRE HUANG - Buying of rights held by Wendy's Supa Sundaes, Innovation Ice Cream By CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT GLOBAL Yellow Pages has agreed to buy the intellectual property rights including recipes and formulas held by Wendy's Supa Sundaes (WSS) and Innovation Ice Cream (IIC) for403 words
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543 2014-09-02 7 Bloomberg [LONDON] Vodafone Group and Telefonica SA have urged the European Union (EU) to focus less on new rules for phone companies and more on Facebook and Google to reduce their dominance. The carriers are battling so-called network neutrality proposals, championed byBloomberg - 543 words
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Article, Illustration434 2014-09-02 7 KENNETH LIM - By KENNETH LIM kenlim@sph.com.sg @KennethLimBT THE Singapore equity market could continue to consolidate for another few months to a year amid a global slowdown and regulatory changes, executives of Taiwanese merchant bank China Development Financial Holding Corp (CDFH) said on Monday.PHOTO: BLOOMBERG - 434 words
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Advertisement634 2014-09-02 4 Gain An Edge In The Sales And Leadership Environment Who should attend: Supervisors, managers, team leaders and other general managers, executives, business Productivity and Oodit (Pic) i Claimable Raising Your Sales with Positive Psychology 25 SEP '14 THURSDAY SPH News Centre {9.30am to 6.00pm) Positive Psychology shows how happiness can634 words
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Page 5 Advertisements
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Advertisement108 2014-09-02 5 Later BEFORE 87kg S M ii Tiriy Get in touch with us BY l\/l TO 6 oN ths poW IN 2 M down $69 and Comej^ ia i (U P $390) get a g E ffecti C mn tWO r elaX |n 9 up t0 -hour ited 4900 calories in108 words
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SINGAPORE MARKETS
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Article, Illustration607 2014-09-02 6 R SIVANITHY - Market ignores S&P’s new high and regional gains; STATS ChipPAC down as takeover bid withdrawn STOCKS R SIVANITHY sivan@sph.com.sg @RSivanithyBT Senior Correspondent Anyone who hoped to see a change in the fortunes of the local stock market on Monday would have been disappointedSource: Bloomberg - 607 words
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Article77 2014-09-02 6 Sep 1 VALUE CLOSE BT OB/OS -120.00 -57.00 BT CADI -*****.00 -101.00 BT 10-day MA -*****.00 -12.00 FTSE ST Mid Cap 779.12 +0.07 FTSE ST Small Cap 551.85 -0.43 FTSE ST All Share 806.78 -2.45 FTSE ST China Top 198.11 -0.10 FTSE ST China 229.15 +0.35 FTSE77 words
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Article57 2014-09-02 6 VOLUME Digiland Intl 612,039,000 Blumont 65,189,000 IHC 63,112,000 APAC Strategic 56,854,000 MDR 50,407,000 STATS ChipPAC 42,122,000 OLS Enterprise 41,179,000 Weiye 35,187,000 Mirach Energy 33,041,000 LionGold 30,671,000 VALUE($) OCBC Bank 88,798,320 STATS ChipPAC 29,876,065 Suntec Reit 27,600,415 SingTel 26,375,860 CapitaLand 19,938,740 Keppel Corp 17,741,895 Genting Sing 17,512,100 UOB57 words
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Article186 2014-09-02 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 4 5 0 0 0 4 4 5 Manufacturing 25 69 35 5 11 10 30 80 45 Commerce 15 21 22 4 9 3 19 30 25 Tpt/Stor/Comms 10 19 13186 words
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Article122 2014-09-02 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 9,220 9,220 42,635 42,635 Manufacturing 235,906 66,693 302,599 118,362 6,464 124,826 Commerce 691,741 24,206 715,947 61,231 2,609 63,839 Tpt/Stor/Comms 60,023 25,157 85,180 71,988 4,824 76,812 Finance 19,985 500 20,485 133,312 104 133,417 Construction 21,811 52,088122 words
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Article122 2014-09-02 6 Stock name Close Change Ascendas Reit 2.330 -0.020 CapitaLand 3.280 -0.040 CapitaMall Trust 2.000 CityDev 9.900 -0.130 ComfortDelGro 2.530 +0.020 DBS Grp 17.95 +0.030 Genting Sing 1.215 -0.005 Global Logistic 2.880 +0.030 Golden Agri-Res 0.510 HPH Trust USD 0.715 -0.005 HongkongLand USD 6.880 +0.030 JMH 400122 words
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Article, Illustration464 2014-09-02 6 CURRENCIES AFP [TOKYO] The euro struggled at a one-year low against the US dollar in Asia on Monday, ahead of a European Central Bank (ECB) meeting where policymakers will consider their next move in the face of weak eurozone inflation. The EuropeanAFP; PHOTO: BLOOMBERG - 464 words
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Article119 2014-09-02 6 BY CENTS CLOSE UP Lyxor ThaiSET 10US$ ***** 63.7 0.4 GLD 10US$ ***** 51.2 0.3 DBXT iBoxxKR 5US$ ***** 50.0 0.3 Lyxor AsiaIT 10US$ 3936 35.0 0.7 DBXT FTVietnam 10US$ 3011 31.2 0.8 DBXT MSTaiwan 10US$ 2322 20.0 0.7 DBXT MSBrazil 10US$ 576 18.7 2.7 Lyxor LatinAmerica 1 762119 words
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Article125 2014-09-02 6 BY CENTS CLOSE DOWN DBXT iBoxxSvEu 5US$ ***** -87.4 -0.2 Jardine C&C 4451 -55.0 -1.2 DBXT E50 10US$ 5201 -41.2 -0.6 Lyxor Indonesia10US$ 9441 -35.0 -0.3 SPDR DJIA 10US$ ***** -31.2 -0.1 JMH 400 USD 6003 -28.7 -0.4 IS ASIA HYG100S$D 1362 -25.0 -1.8 SPDRS S&P 500 10US$ *****125 words
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Advertisement127 2014-09-02 6 GLOBAL MARKETS NEVER SLEEP; NEITHER SHOULD MYCFD PROVIDER" i.' H 1 II Ml 11., imtAiUlLUli) i iM tjT TRADE ROUND THE CLOCK WITH IG Our award-winning platform allows 24-hour trading on the world's leading stock indices, meaning you can take a CFD position whenever you want, even when the underlying127 words
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Page 7 Advertisements
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Advertisement275 2014-09-02 7 Last Day for Early Bird Almost 40 per cent of all who enter the tournament will qualify for the final at Serapong, which means you stand a chance to play at Sentosa twice at the early bird price of $488. With the goodie bag, you can’t get a better deal.275 words
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EMERGING ENTERPRISE 2014
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Article, Illustration579 2014-09-02 8 / 9 JAN LEE - By JAN LEE janlee@sph.com.sg THE Ritz Carlton on Friday evening was teeming with ladies in floor-length gowns and men in sharp black suits as they gathered for the Emerging Enterprise Awards 2014 gala dinner. The glamorous affair kicked off with a colourful water drum performance by UrbanPHOTOS BY ARTHUR LEE AND TERENCE SIM - 579 words
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Page 8 / 9 Advertisements
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Advertisement254 2014-09-02 8 / 9 Congratulations to the winners and finalists of the Emerging Enterprise Award 2014 volve J Emerging Enterprise Award Winners Aesthetic Medical Holdings Pte Ltd Founded in 2011, the company owns close to 30 PPP Laser Clinics in the region, providing laser medical facials. Best Innovation Award Winners Austrianova Singapore Pte Ltd254 words
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SINGAPORE NEWS
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361 2014-09-02 10 CLAIRE HUANG - This will ‘empower patients’ and ‘help market forces along’ By CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT TO PROVIDE additional transparency on hospital bills, the Health Ministry (MOH) started publishing on Monday the total operation fees for 65 common procedures. It said it was361 words
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388 2014-09-02 10 LEE U-WEN - This is to help firms with training costs, and adds to S$9.8m committed earlier By LEE U-WEN leeuwen@sph.com.sg @LeeUwenBT THE government is setting aside an extra S$8.9 million over the next two years to ensure that all local cleaners in Singapore388 words
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275 2014-09-02 10 JAN LEE - The eight-week online programme will be launched next Monday By JAN LEE janlee@sph.com.sg ANYONE who wishes to study business can soon do so for free through an eight-week online course. The “Discovering Business in Society” programme, which has no pre-requisites, will be launched next275 words
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Article, Illustration258 2014-09-02 10 WITH nearly three weeks to go before race weekend (Sept 19-21), race promoter Singapore GP (SGP) has sold over 80 per cent of tickets for the 2014 Formula 1 Singapore Grand Prix. Seven of the categories for public tickets have been258 words
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300 2014-09-02 10 CAI YONG - By CAI YONG caiyong@sph.com.sg MEMBERS of the business community met for the first time under the Advisory Council on Community Relations in Defence (Accord) Employer and Business (E&B) Council, and have committed to forming three working groups to look into three300 words
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Page 10 Advertisements
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Advertisement109 2014-09-02 10 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988 THE PEAK SELECTIONS TIMEPIECES THE PEAK SELECTIONS I TIMEPIECES I 20 U 2015 I WWW.THEPEAKMAGAZINE.COM mil A I m* I THE RING109 words
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DBS ASIAN LEADERS INSIGHTS
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Article, Illustration1432 2014-09-02 11 FRANCIS KAN - Having helped build Changi Airport’s first terminal, Liew Mun Leong is now playing a part in its most ambitious expansion yet. FRANCIS KAN reports FRANCIS KAN SITTING in a spacious meeting room in Changi Airport’s Terminal 2 with Liew Mun Leong, one gets the sense that theFILE PHOTO; PHOTO: ARTHUR LEE - 1,432 words
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Page 11 Advertisements
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Advertisement80 2014-09-02 11 L VsVii-crtT J 00^, >s taw \s WM -Klk Lim Say Boon Chief Investment Officer DBS Private Bank Best Private Bank, Singapore 2014, Euromoney, FinanceAsia and The Asset Best Private Bank, Singapore 2013, Professional Wealth Management/The Banker Start a conversation with us at +65 6227 7188. Asia's Safest, Asia's Best80 words
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SME Inc
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Article, Illustration1077 2014-09-02 12 AMANDA EBER - Founder Kevin Ong’s four key points in driving his business forward are simplicity, focus, speed and scalability, reports AMANDA EBER aeber@sph.com.sg IT is common enough knowledge nowadays that homegrown bakery chain Chewy Junior specialises in selling cream puffs but, when it opened its firstPHOTO: YEN MENG JIIN - 1,077 words
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892 2014-09-02 12 THOMAS HALLIDAY - COMMENTARY By THOMAS HALLIDAY The writer is general manager at AEB (Asia Pacific) Pte Ltd CONTEMPORARY commerce is increasingly being defined by a complex multi-tier network, dealing with intricate interchange of scores of individuals, organisations and processes across geographies. With this business892 words
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Page 12 Advertisements
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Advertisement62 2014-09-02 12 Flexible working Investment opportunities for your property thi Maximise the potential of your property by becoming part of the world’s largest flexible workspace network. We’re interested in a whole range of space, including traditional office buildings but a lot more besides from the CBD to retail parks, shop houses and62 words
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BUILDING GLOBAL COMPANIES
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562 2014-09-02 13 KELVIN TAN - By KELVIN TAN The writer is managing director and head of commercial banking, HSBC Singapore EXPANDING overseas comes with a multitude of considerations. Such considerations include customs and excise ambiguities, currency devaluation, inferior infrastructure, manpower shortages and regulatory restrictions. Tariffs and duties are among the562 words
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Article, Illustration994 2014-09-02 13 FRANCIS KAN - Grupo Kaybee founder Kumar Chand has found success by immersing himself in the culture of the countries he operates in, reports FRANCIS KAN FRANCIS KAN IT didn’t take long for Kumar Chand to have a taste of international business. He was not too keen to join994 words
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Page 13 Advertisements
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Advertisement83 2014-09-02 13 second of WHERE SOME SEE BARRIERS, WE SEE BRIDGES. At HSBC, we believe nothing should stand in the way of a growing business. Not even trade barriers. That's why we've always played a key role in international trade, and have the necessary expertise to put any local business on the83 words
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MALAYSIA/INDONESIA
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Article, Illustration956 2014-09-02 14 Minister says they also enabled M’sia to go through 2007 crisis unscathed [KUALA LUMPUR] More international equity investors now understand the tough control measures the government imposed during the 1998 Asian financial crisis and are less inclined to make the episode a deterrent toPHOTO: BLOOMBERG - 956 words
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405 2014-09-02 14 Muslim fasting month sees sharp fall in imports per Reu ters [JAKARTA] Indonesia’s trade balance returned to a small surplus in July due to a sharp fall in imports as economic activity slowed during the Muslim fasting month in South-east Asia’s largest economy.per Reuters - 405 words
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Advertisement170 2014-09-02 14 SME H SOCIAL MEDIA SELLING BOOTCAMP Social selling for SMEs to acquire leads, stand out in the market and generate more sales. r m QSk WHY YOU SHOULD ATTEND: Reach B2B decision-makers through new and existing connections on social media Engage Millennial (or Generation Y) by sharing photos and videos170 words
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CHINA/INDIA
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Article, Illustration764 2014-09-02 15 ANTHONY ROWLEY - Alliance widely seen as a counter to China’s growing influence in Asia By in ANTHONY ROWLEY in Tokyo JAPANESE Prime Minister Shinzo Abe and Indian Prime Minister Narendra Modi agreed during a summit meeting in Tokyo on Monday to strengthen security tiesPHOTO: REUTERS - 764 words
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498 2014-09-02 15 Bloomberg Bloomberg [HONGKONG] China defended a plan to place limits on democracy in Hong Kong, calling on opposition lawmakers to get behind its ruling or risk losing the chance to elect the city’s next leader by popular vote.Bloomberg Bloomberg - 498 words
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627 2014-09-02 15 Move hampers secondary-market liquidity: analysts Reuters [MUMBAI] A central bank ban on Indian banks buying new issues of infrastructure bonds has handicapped Prime Minister Narendra Modi’s chances of gathering billions of dollars needed for megaprojects through the bond market. Elected in May,Reuters - 627 words
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Advertisement5 2014-09-02 15 vV www.omy.sg *4 > S£2S showbiz.omy.sg5 words
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Advertisement12 2014-09-02 15 All the I. f 1 4 ’y E EKDAYS10AM-2PM D facebook.com/kiss92fm www.kiss92.sg12 words
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Advertisement184 2014-09-02 15 CONTENTS Spot short-term potential equities based on daily stock rotation Fundamental interpretation on stock trading Technical application to spot new price extension Calculated risk management versus time-window exit Recording of personal trade journal LEARNING OUTCOME: Trainees may start trading in real market at very low risk immediately after the 1-day184 words
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WORLD
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513 2014-09-02 16 ANTHONY ROWLEY - Investors ‘are now moving funds to where monetary easing is likely’ By in Tokyo ANTHONY ROWLEY in Tokyo FOREIGN investment flows to emerging stockmarkets in Asia and elsewhere slumped in August, suggesting a turning point for emerging market capital flows. Emerging markets as513 words
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Article, Illustration582 2014-09-02 16 Q2 GDP shrinks 0.2 per cent in Germany Bloomberg Bloomberg [FRANKFURT] Cracks are emerging in Germany’s once rock-solid economy as companies’ reluctance to invest bears out Mario Draghi’s warning that the euro-area recovery is in danger. Gross domestic product in Europe’s largest economy shrank 0.2Bloomberg Bloomberg; PHOTO: BLOOMBERG - 582 words
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Article, Illustration753 2014-09-02 16 But he is not getting message through to eurozone leaders Reuters [FRANKFURT] Two years ago, eurozone government leaders hung on Mario Draghi’s every word. Now the European Central Bank chief is struggling to get through to them. What has happened to “Super Mario’s” mojo?Reuters - 753 words
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392 2014-09-02 16 Bloomberg [PARIS] French Prime Minister Manuel Valls called for more action from the European Central Bank to lower the value of the euro, amid concerns the 18-nation region might be headed towards deflation. “The monetary policy has started to change,” MrBloomberg - 392 words
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Article, Illustration1015 2014-09-02 18 GPIF’s investment results signal it held back from Japanese equities last quarter Bloomberg [TOKYO] The world’s largest retirement fund held back from ploughing into Japanese equities last quarter, its investment results signalled, even as the market rebounded in anticipation of purchases.Bloomberg; PHOTO: REUTERS - 1,015 words
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570 2014-09-02 18 Reuters [TOKYO] A new investment manager responsible for a small chunk of the US$1.2 trillion portfolio held by Japan’s giant public pension fund says that it expects to buy stocks in midsize companies that appear cheap relative to the broader market and have decadesReuters - 570 words
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297 2014-09-02 18 Bloomberg [NEW YORK] Apple Inc plans to turn its next iPhone into a mobile wallet through a partnership with major payment networks, banks and retailers, according a person familiar with the situation. The agreement includes Visa Inc, MasterCard Inc and American Express and willBloomberg - 297 words
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748 2014-09-02 18 Political certainty driving them to buy riskier bank debt WP [SINGAPORE] Thailand’s millionaires are helping their military leaders revive lending as legal and political certainty spurs the su-per-rich to buy riskier bank debt. Thai banks have offered US$1.6 billion in subordinated notes thatWP - 748 words
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Article, Illustration705 2014-09-02 18 AFP [LAGOS] Nigeria has confirmed a fresh case of Ebola in a doctor whose husband died from the virus, adding to a growing list of those providing healthcare in West Africa to be hit by the epidemic. The country’sAFP; PHOTO: AFP - 705 words
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Article, Illustration428 2014-09-02 19 They argue a new area of investments should not be put under risk category Bloomberg [MUNICH] Insurers in Europe, which manage about US$11.2 trillion of client money, say their role as long-term investors may be hurt by new regulation. Planned new risk-basedBloomberg; PHOTO: REUTERS - 428 words
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Article, Illustration739 2014-09-02 19 Despite squeezed profits, sales and wages up in Q2 Reuters [SYDNEY] Australian firms restocked their shelves at the fastest pace in over a year last quarter in a much-needed fillip to economic growth, while sales and wages both picked up even as profits were squeezed.Reuters; PHOTO: BLOOMBERG - 739 words
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446 2014-09-02 19 Reuters Reuters [YANGON] Authorities in Myanmar’s biggest city have backed down on plans to award a US$8 billion construction contract to a barely known firm following a public outcry over its transparency in a country notorious for graft and vested interests. The Yangon regionReuters Reuters - 446 words
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354 2014-09-02 19 Reuters [LONDON] The European Union (EU) could ban gas exports and limit industrial use as part of emergency measures to protect household energy supplies this winter, a source told Reuters, as it braces for a possible halt in Russian gas asReuters - 354 words
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338 2014-09-02 19 ANTHONY ROWLEY - By in ANTHONY ROWLEY in Tokyo AN Asian Development Bank (ADB) study has urged Asian governments to accept that natural disasters are becoming increasingly frequent in the region, and to take steps to minimise their enormous human, physical and financial impact. The ADB’s338 words
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Page 16 Advertisements
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Advertisement96 2014-09-02 16 The SME Magazine coming to you with your copy of The Business Times tomorrow! IN THIS ISSUE CHAMPIONS AMONG US: How to corner the market by focusing on niche capabilities IDEAS FOR SUCCESS: Two award-winning companies share their ideas on innovating and boosting productivity WHEN PURCHASES GO SOUR: Understanding the96 words
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Advertisement3611 2014-09-02 17 Notice of Annual General Meeting Singapore Exchange Limited Company Registration No. *****4940D (Incorporated in the Republic of Singapore) NOTICE IS HEREBY GIVEN that the Fifteenth Annual General Meeting of Singapore Exchange Limited (the “Company”) will be held at NTUC Auditorium, One Marina Boulevard, Level 7, Singapore *****9 on Thursday, 253,611 words
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Advertisement74 2014-09-02 19 NOTICE OF INTENTION TO DECLARE DIVIDEND Name of Company Sourcelink Pharma Pte. Ltd. (In Creditors’ Voluntary Liquidation) (Co. Reg. No. *****3785H) Address of Registered Office 21 Merchant Road #05-01, Singapore *****7 Last Day of Receiving Proofs 16 September 2014 Names of Liquidators Chia Soo Hien Leow Quek Shiong Address of74 words
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EDITORIAL & OPINION
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497 2014-09-02 20 EDITORIAL THE B-word wasn’t mentioned during last week’s restructuring of Malaysia Airlines (MAS) but, for all intents and purposes, the beleaguered airline was declared bankrupt. What else are we to make of a scheme that creates a new company (Newco) that will497 words
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Article, Illustration800 2014-09-02 20 ROBERT SAMUELSON - THE BOTTOM LINE ROBERT SAMUELSON The Washington Post Writ ers Group THE questions hanging over US Labor Day 2014 are whether and when America gets a pay raise. Ever since the 2008-09 financial crisis, the job market has beenThe Washington Post Writers Group - 800 words
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Article, Illustration1254 2014-09-02 20 AMIT ROY CHOUDHURY - IP system ‘needs backing of cross-border treaties A streamlined system will handle the boom in patents filed, reports AMIT ROY CHOUDHURY AMIT ROY CHOUDHURY amit@sph.com.sg @AmitRoyCBT Senior Correspondent WITH the economic centre of gravity moving to Asia, more innovation is happening in this part of the world. And as AsianPHOTO: WIPO - 1,254 words
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Article, Illustration1230 2014-09-02 21 JOHN GEE - More thought should be given to how to most effectively counter dangerous infectious and contagious diseases JOHN GEE The writer is a Singapore-based freelance writer THE Ebola outbreak in West Africa has inspired dread across continents and it is easy to understand why. A diseasePHOTO: AFP - 1,230 words
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Article, Illustration764 2014-09-02 21 LEON HADAR - LEON HADAR Washington Correspondent NOTWITHSTANDING the numerous international crises Iraq; Ukraine; Gaza and domestic turbulence racial tensions; illegal immigration; economic insecurity officially, Washington was on vacation in August. President Barack Obama spent 15 days in the resort town of Martha’s Vineyard, Congress764 words
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865 2014-09-02 21 ANDREW HAMMOND - By ANDREW HAMMOND The writer is an Associate at LSE IDEAS at the London School of Economics, and a former UK Government Special Adviser LEADERS from 28 countries are preparing for a landmark Nato summit from Sept 4-6 in Wales that will map865 words
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AVIATION/SHIPPING
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Article, Illustration744 2014-09-02 22 Shipbuilding unit will combine with engineering in deal valued at 2.5t won Bloomberg [SINGAPORE] Samsung Group, whose billionaire chairman has been hospitalised since May, will merge its shipbuilding and engineering units as South Korea’s largest conglomerate prepares for possible succession. Samsung Heavy Indust rBloomberg; PHOTO: REUTERS - 744 words
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237 2014-09-02 22 AFP [TAIPEI] Taiwan’s first budget airline said on Monday that it was scheduled to launch its maiden flight later this month, tapping into the robust demand for cheap travel in Asia. Tigerair Taiwan a joint venture between China Airlines, the island’s leadingAFP - 237 words
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617 2014-09-02 22 It can lock in key trading links to emerging markets Bloomberg [LONDON] Britain should back the development of a single hub airport to lock in essential trading links to emerging markets and ensure long-term economic growth, the Confederation of British IndustryBloomberg - 617 words
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450 2014-09-02 22 Purchase will give operator access to ships, clientele Reu ters [NEW YORK] Norwegian Cruise Line Holdings Ltd, the world’s third largest cruise operator, is in advanced talks to acquire peer Prestige Cruises International Inc for around US$3 billion, according toReuters - 450 words
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Article251 2014-09-02 22 SGX '000 Sep 01 S$ +/-Vol Ch Offshore Chuan Hup Hldg 0.30 unch 1197 Cosco Corp 0.73 unch 1356 Cwt Limited 1.81 0.02 746 Ezra Hldgs 1.15 0.03 2384 First Ship Lea 0.10 unch 5 Grand Banks..............0.27 unch 64 Jaya Hold Ltd 0.06 unch ***** K1Ventures ...0.30 Keppel251 words
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Page 22 Advertisements
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Advertisement22 2014-09-02 22 Fall in prices slows in over100 Chinese cities ashome purchase restrictions ease 1),03%*+" .’-#&$2/!( To subscribe, call 6388-3838 or go to sphsubscription.com.sg22 words
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Page 22 Miscellaneous
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Miscellaneous309 2014-09-02 22 CRYPTIC CROSSWORD Across 1 Get rid of beer a politician brought in (5,3) 6 Winning hit makes one cheerful (6) 9 Intended one to replace king in European country (6) 10 Grace is after good artist in a neighbourhood in Manhattan (8) 11 A large painting outside (8) 12 Grounds309 words
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Article1215 2014-09-02 23 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 BEACH ROAD #02-02 THE1,215 words
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Page 23 Advertisements
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Advertisement81 2014-09-02 23 Experienced ship maintenance findyou y r I services services wanted, heremthe Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times I IIL UUJIIVLJJ I IIVILJ Shipping Times Legal services required by shippers owners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here81 words
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SINGAPORE STOCKS
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Article4132 2014-09-02 24 Transaction date: Sep 1 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 Company 20 5.1 A-Sonic Aero Sale 97.5 69 ABR (’000) High Low Buyer Seller Div Gr Yld C'vr 14.2 6.74,132 words
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Article438 2014-09-02 25 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 32.5 25 t 3Cnergy 500 Vol Day 1.9 0.7 t Advanced Systems 0.9 unch 103 0.9 0.8 0.7 0.9 17.5 Div Gr Yld Net438 words
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Article10769 2014-09-02 25 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.6/ Aberdeen Asset Mgt Asia Limited Aberdeen Asset Mat Asia Limited China Opportunities China Opportunities USD!** Global Emerging Markets USD furopean Opportunities! 1 3256/ Global Emerging Markets 1 Global Opportunities/ 1 0861/ Global Technology 0.5902/10,769 words
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Article236 2014-09-02 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Low Company 343 250 TanChongInt HK310cd unch 975 310 310 310 312 9.7 3.4 3 6243.1 DISCLAIMER: All information is published “as is” without warranty of any236 words
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Article1112 2014-09-02 25 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 118 108.3 ABF SG Bond ETF Company 138 119 CIMB APAC Div 100S$D 136.1 +0.4 136.1 136.1 134.8 137.4 110.1 94 CIMB APAC Div 100US$ US1091,112 words
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FINANCE & COMMODITIES
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Article649 2014-09-02 26 Sep 1 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.59 *****.77 *****.99 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****8 Dec14 *****.00 *****.00 *****.00 *****.00 614 ***** MSCI TAIWAN INDEX FUTURES SPOT 345.23 347.97 345.16 Sep14 344.10 348.30 343.70 347.70 ***** *****8 Oct14 347.40649 words
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373 2014-09-02 26 In local curr In S$ In US$ dy yr dy yr dy yr Aug 29 Index Change Change Change Change Change Change World Preliminary 1254.0 0.2 5.9 0.1 4.0 0.2 5.2 EAFE Preliminary 973.4 0.1 1.8 0.0 -0.7 0.1 0.5 Europe Preliminary 1390.0 0.2 2.6373 words
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Article471 2014-09-02 26 Sep 1 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.015 5.733 0.711 7.233 56.393 109.091 0.972 9.473 2.941 1.116 94.347 40.749 1.166 9.940 0.858 27.973 29.816 0.562 0.933 Canada 0.985 5.649471 words
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Article39 2014-09-02 26 Sep 1 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 3 mths 6 mths 6 mths Source: Thomson Reuters39 words
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Article76 2014-09-02 26 Sep 1 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 106.46 106.48 106.48 5-Year NX*****W 2.5 01-Jun-19 105.55 105.70 105.70 10-Year NY*****H 3.000 01-Sep-2476 words
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Article120 2014-09-02 26 Sep 01 GOLD(US$/oz) Sep 01 Aug 29 Hong Kong 1291.00 1285.00 Aug 29 Aug 28 London 1287.60 1289.16 1288.25 1289.93 Source: Thomson Reuters CAST BAR Sep 01 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 49 5gm 310 256 10gm 578 514120 words
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Article57 2014-09-02 26 Aug 29 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 14 1977.0 1937.0 1979.0 1922.0 401 3493 Oct 14 1980.0 1929.0 1980.0 1927.0 2921 ***** Nov 14 1980.0 1929.0 1984.0 1926.0 ***** ***** Dec 14 2012.0 1966.057 words
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Article156 2014-09-02 26 Sep 1 Sep Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1655 1.1662 0.9331 0.9333 Canadian dollar 1.1482 1.1492 0.9197 0.9192 Euro 1.6399 1.6406 1.3129 1.3130 NZ dollar 1.0442 1.0453 0.8360 0.8366 Sterling pound 2.0724 2.0735 1.6591156 words
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Article109 2014-09-02 26 Aug 29 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 14 1089.50 1073.75 1095.75 1070.25 Nov 14 1024.25 1028.75 1034.00 1021.00 Jan 15 1032.50 1036.50 1041.00 1029.00 Mar 15 1040.50 1043.75 1048.50 1036.75 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 14109 words
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Article95 2014-09-02 26 Aug 29 COCOA (£/tonne) Close Prev High Low Sep 14 2057 2075 2097 2054 Dec 14 2017 2034 2061 2013 Mar 15 1984 1998 2020 1981 May 15 1972 1986 2006 1968 COFFEE(US$/tonne) Close Prev High Low Sep 14 2033 2036 2054 2014 Nov 14 2055 2039 2062 203595 words
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964 2014-09-02 26 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4.7 0.3 1 -56 3.80 46 Asia-Pacific Strategic W*****6 Ratio Exer Price Ascendas REIT MB eCW*****3 Disc Asiatic Grp(Hldgs) Ltd W*****5 GearAsiatravel.com HoldingsW*****5 6 1 27 22 Expiry964 words
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Article70 2014-09-02 26 CRUDE OIL PRODUCTS Aug 29 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 102.48 0.24 WTI (Near Mth) 95.83 1.24 Dubai (1-Mth F) 101.22 0.02 Tapis blend 104.31 0.47 Minas 99.31 0.47 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 98.06 -0.61 Jet Kerosene 116.17 -0.27 US$/barrel OpecOil Basket70 words
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Article22 2014-09-02 26 Sep 1 S$ Bid Offer 1-month 1.2491 1.2495 2-months 1.2491 1.2495 3-months 1.2491 1.2495 6-months 1.2490 1.2494 Source: OCBC22 words
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Article67 2014-09-02 26 Aug-2 9 Aug-29 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 2086.50 2084.25 3 months 2096.50 2081.00 Copper, Grade A(US$/tonne) Cash 7008.50 6962.00 3 months 6982.00 6934.00 Lead(US$/tonne) Cash 2237.25 2242.25 3 months 2241.00 2248.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 367 words
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Article121 2014-09-02 26 As at 9am Sep 01 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.193 1.137 Can dollar 1.171 1.126 Euro 1.678 1.599 Sterling pound 2.112 2.031 NZ dollar 1.070 1.029 US dollar 1.275 1.215 Local dollars to 100 units of foreign121 words
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Article160 2014-09-02 26 Sep 1 $S Offer Bid 0vernight 0.03 0.01 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.05 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12160 words
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PROPERTY
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936 2014-09-02 27 Lower home-loan rates in turn boost domestic demand Down Under Bloomberg [SYDNEY] European Central Bank president Mario Draghi’s shift towards quantitative easing is reverberating 17,000 kilometres away in lower Australian mortgage rates. Mr Draghi’s Aug 22 comment that he will “use all the availableBloomberg - 936 words
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Article, Illustration373 2014-09-02 27 AFP [BEIJING] China’s home prices fell at a slower rate in August than the previous month, an independent survey showed on Monday, as more local governments loosened purchasing restrictions to prop up sales. The average price of a new home inAFP; PHOTO: AFP - 373 words
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154 2014-09-02 28 [NEW DELHI] Indian developer Brigade Enterprises and Singapore’s sovereign wealth fund GIC have agreed to jointly invest 15 billion rupees (S$309 million) in residential real estate projects in south India, the companies said. Brigade and GIC will invest in acquiring154 words
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480 2014-09-02 28 Bloomberg [SINGAPORE] Cashstrapped Chinese developers are borrowing a record amount in the offshore loan market this year, adding to the highest debt loads since 2005. Homebuilders in the world’s second-largest economy got US$5.9 billion from foreign banks, up 39 per cent fromBloomberg - 480 words
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Article, Illustration452 2014-09-02 28 JAN LEE - It officially launches its arts-themed Hotel Clover The Arts in Singapore By JAN LEE janlee@sph.com.sg [SINGAPORE] Homegrown hospitality brand Hotel Clover officially launched its arts-themed Hotel Clover The Arts last Thursday. It is the fourth boutique hotel in Singapore under the452 words
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Page 27 Advertisements
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Advertisement332 2014-09-02 27 m A THE LANDAU FULHAM, LONDON SW6 EXHIBITION Saturday 6 Sunday 7 September 2014 11am 7pm Sk Boardroom II III Level III Regent Hotel 1 Cuscaden Road Singapore, *****5 u SPACE AND SERENITY IN LONDON’S FAVOURITE NEIGHBOURHOOD 11 v jr O Travel times from Fulham Broadway* Ok Ck CSk Gk332 words
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Page 28 Advertisements
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Advertisement357 2014-09-02 28 47/A TO 65/A (ODD) KIM CHUAN DRIVE MRney-^i KIM CHUAN RD TAI SENG AIRPORT R° I Subject Site i Expression of Interest Closing: Mok Sze Sze 9828 0866 CEA Reg. No. R*****7H (®)JLL CEA Licence No. L*****26E Industrial redevelopment site Freehold. Land: 34,729 sq ft Zoned Business 2 Plot Ratio:357 words
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Advertisement272 2014-09-02 28 FOR SALE BY EXPRESSIONS OF INTEREST CHESTERTO NJS Closing: Tuesday, 23 September 2014 at 4pm Commercial/Residential Buildings off Jalan Besar JALAN V Located along Sam Leong Road. Farrer Park cthub MRT Station is within walking distance. Master Plan 2014; Commercial at Plot Ratio 3.0; Within Jalan Besar Conservation Area CA272 words
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Advertisement257 2014-09-02 28 For Lease Robinson Point Flexible sizes Fitted /Bare 1,294 sqft/1,594 sqft/2,400 sqft/4,100 sqft/7,556 sqft Great sizes Fitted /Bare 8,288 sqft/16,576 sqft/24,132 sqft/31,688 sqft High floor with unblock view Beautifully fitted/bare units with regular layout Proximity to amenities and ample parking spaces Short distance to four MRT stations Call8338 2466/ 9236257 words
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Advertisement19 2014-09-02 28 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices19 words
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Page 29 Advertisements
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Advertisement31 2014-09-02 29 SEPTEMBER/OCTOBER 2014 “FROM DAY ONE, IT’S ALWAYS BEEN QUALITY FIRST AND THEN EVERYTHING ELSE LATER. I BELIEVE QUALITY BRINGS BACK CUSTOMERS AND NOT THE PRICE.” HELENE RAUDASCHL, MANAGING DIRECTOR OF INDOGUNA31 words
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Page 30 Advertisements
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Advertisement202 2014-09-02 30 BUSINESS BANKING Open a UOB Business account with the Best Retail Bank in Singapore. f V CASffl P Earn 8 chances for every S$80,000 maintained* in your UOB Business account and stand to win*: 2 nd Prize 4D3N trip for 2 to Milan and a Ferrari driving experience Grand Prize202 words
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Page 31 Advertisements
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Advertisement255 2014-09-02 31 BECAUSE... YOUR BUSINESS IS UNIQUE We all know every business, just like every employee, is unique. That’s why our global health plans allow your business to tailor its health insurance to suit your employees’ individual needs, so it works for their circumstances and your budget. When you choose our global255 words
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Page 32 Advertisements
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Advertisement298 2014-09-02 32 www.techinnovation.com.sg THE PREMIER TECHNOLOGY MARKETPLACE TECH INNOVATION 20U MARINA BAY SANDS, SINGAPORE 23 2U SEPTEMBER TECHINNOVATION 20U is the premier industry-technology matching event organised by IPI that brings together international technology providers and enterprises to accelerate the commercialisation of emerging technologies, seed licensing opportunities and foster open innovation collaborations. It298 words
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Page 1 Advertisements
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Advertisement286 2014-09-02 1 theSMEmagazineSEPTEMBER/OCTOBER 2014 Top Story 04 CHAMPIONS AMONG US Companies can corner the market by focusing on niche capabilities. ISTOCKPHOTO Towkays 09 FINE FOODS Indoguna is a trailblazer in the food industry, being able to source widely, manufacture halal and Asian products, produce a range of air -dried items and remain286 words
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theSMEmagazine
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Editor’s Letter
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Article, Illustration451 2014-09-02 2 Mindy Tan - Mindy Tan EDITOR HIS year’s National Productivity Month (NPM 2014) will be launched by Prime Minister Lee Hsien Loong on Oct 7. Co-organised by the Singapore Business Federation and Singapore National Employers’ Federation, NPM 2014 will be followed by productivity-themed sector-level events in manufacturing, health care, retail,451 words
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Top Story
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Article, Illustration1660 2014-09-02 4 / 5 MINDY TAN - Companies can corner the market by focusing on niche capabilities BY MINDY TAN IRMS today understand the concept of a quantum leap. They know that making that move is necessary whether to get around existing labour constraints, or to enable them to expand their offering sufficiently toPHOTO: ISTOCKPHOTO; PHOTO: YEN MENG JIIN - 1,660 words
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Article, Illustration268 2014-09-02 6 THERE have been a plethora of productivity models introduced over the years. Some are more specific, targeting manufacturing processes; while others are more general, and are easily customised and implemented across industries. MONOZUKURI One of the methodologies being adopted in the food manufacturing sector is Monozukuri, generallyPHOTO: ISTOCKPHOTO - 268 words
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Towkays
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Article, Illustration1952 2014-09-02 9 MINDY TAN - Indoguna is a trailblazer in the food industry, being able to source widely, manufacture halal and Asian products, produce a range of air-dried items and remain committed to natural, organic products BY MINDY TAN BY MINDY TAN S EA cucumber intestines, lamb tongue and the private parts ofPHOTO: YEN MENG JIIN - 1,952 words
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Technological Edge
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Article161 2014-09-02 12 / 13 WHETHER they were looking to improve business processes, venture overseas, or improve productivity, the small and medium-sized enterprises (SMEs) that we spoke with had one thing in common: They had taken steps to improve their productivity through capabilities upgrading. In most cases, this involves automation and introducing specific161 words
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Article, Illustration703 2014-09-02 12 / 13 Dimsum restaurant Yum Cha has automated the making of some dumplings and introduced the use of iPad menus WHILE it was never her ambition to be a firefighter, Melody Tan’s job as Yum Cha’s general manager involves fighting the twin “fires” of rising manpower and rental costs.PHOTOS: ARTHUR LEE - 703 words
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Article, Illustration801 2014-09-02 12 / 13 CYC The Corporate Label’s automated process elevated its presentation skills along with cutting costs and raising productivity THE product development department of CYC Shanghai Shirt Company’s corporate uniforms label has got a new outfit. In the textile industry where the devil is in the details, CYC801 words
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Article628 2014-09-02 12 / 13 Meat processor and distributor OJJ Foods is preparing for future growth by moving into the ready-to-eat and ready-to-cook businesses MEAT processor and distributor OJJ Foods’ expansion into the ready-to-cook market is still in its infancy but it already hopes to leverage this to enter overseas markets by the628 words
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Budding Entrepreneurs
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Article, Illustration986 2014-09-02 14 JACQUELYN CHEOK - Sipping latte, digging into a ‘Full Monty’ breakfast and people-watching in a trendy cafe seems to be many young Singaporeans’ idea of an enjoyable meal experience. But 23-year-old Fu Yong Hong hopes to bring a bold alternative to the table: delicious vegetarian food. The entrepreneur, whoPHOTO: YEN MENG JIIN - 986 words
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Space
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Article, Illustration1194 2014-09-02 16 / 17 LEONARD TAY - Manufacturers no longer need assembly lines and heavy machinery, yet they do not qualify as users of pure office space BY LEONARD TAY The writer is associate director, research and advisory, at Colliers International C OLLIERS International contributed a commentary in the January/February 2013 issue of TheISTOCKPHOTO PHOTO: - 1,194 words
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Article247 2014-09-02 16 / 17 Factory space/food factory space BUILDING NAME ADDRESS ASKING RENTS (S$ PER SQ FT PER MONTH) Central Acetech Centre 19 Jalan Kilang Barat $3.20 East Tampines Biz-Hub 11 Tampines Street 92 $1.80 North/Northeast Woodlands Spectrum I/II 2 Woodlands Sector 1 201~211 Woodlands Avenue 9 $1.50-$1.70 56 Serangoon North247 words
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Article460 2014-09-02 16 / 17 Strata office space PROJECT NAME ADDRESS TENURE AREA (SQ FT) TRANSACTED PRICE (S$) UNIT PRICE (S$ PSF) CONTRACT DATE Central CHINATOWN POINT 133 New Bridge Road #14-06 99 Yrs From 12/11/1980 721 $1,700,000 $2,357 16-Jul-14 HIGH STREET CENTRE 1 North Bridge Road #10-07 99 Yrs From 02/06/1969 549460 words
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Cutting Edge
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Article, Illustration212 2014-09-02 20 / 21 "W E have to increase our productivity.” “We are finding new ways to innovate.” The buzzwords of “productivity” and “innovation” have become so entrenched in our corporate vocabulary that it is hard to imagine any working adult in Singapore today not having heard about them. The government’sILLUSTRATION: ISTOCKPHOTO - 212 words
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Article, Illustration753 2014-09-02 20 / 21 MIGHT innovation and automation have reached a plateau in the laundry business? This might seem like a reasonable conclusion since washing machines of any size still require human operators, with the same applying to the folding and ironing of clothes. However, it is not a conclusion sharedPHOTO: YEN MENG JIIN - 753 words
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Article, Illustration716 2014-09-02 20 / 21 ENVIRONMENTAL and waste management company Horsburgh Engineering’s director Sharon Kee walks the productivity talk. “Any (skills upgrading) course I want to send my staff for, I will attend myself first to see if it is worth it,” she says. For example, Ms Kee learnt how to clean floorsPHOTO: YEN MENG JIIN - 716 words
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Legal Adviser
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Article, Illustration1157 2014-09-02 23 CHESTER TOH, ALROY CHAN - SOURBusinesses that understand the obligations and limits of the Lemon Law are better placed to compete and in turn, succeed BY CHESTER TOH, ALROY CHAN Chester Toh is a partner and the head of integrated regulatory practice and Alroy Chan is an associate with the integratedPHOTO: ISTOCKPHOTO - 1,157 words
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Smart Capital
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Article, Illustration1113 2014-09-02 24 HONG CHIU WU - Companies need to reassess business direction and improve operations to keep up with the demands of the new economy BY CHIU WU HONG The writer is head of enterprises incentive advisory at KPMG in Singapore O LD economy, new economy business is business, and some things never change.PHOTO: ISTOCKPHOTO - 1,113 words
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Market Insight
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Article, Illustration1651 2014-09-02 26 As Oman strides towards its “Oman Vision 2020”, it is actively seeking investments particularly in the tourism, marine, infrastructure, information and communication technology, chemicals, alternative energy and pharmaceutical chemicals sectors, says Lester Lu, regional director in Dubai, Middle East and Africa Group, International Enterprise (IE) Singapore Why1,651 words
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@Work
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Article, Illustration848 2014-09-02 30 / 31 GERALDINE YEOW, IVY TAN - Shareholders and interested parties are increasingly looking at companies’ corporate and financial information and compliance records to make better informed decisions BY GERALDINE YEOW, IVY TAN The writers are from the Enforcement Departmen t and Institute of Corporate Law at the Accounting and Coiporate RegulatoryPHOTO: ISTOCKPHOTO - 848 words
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Lifestyle
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Article, Illustration874 2014-09-02 32 CHUANG PECK MING - Girard Perregaux has replaced its classic-looking timepieces with more updated and contemporary watches, cut down its model references and introduced two new lines BY CHUANG PECK MING BY CHUANG PECK MING G OING by the high number of re-issues at this year’s Basel watch fair in Switzerland, itPHOTOS: ARTHUR LEE - 874 words
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Article, Illustration832 2014-09-02 34 1) Chanel J12 Flying Tourbillon Joaillerie: At S$1.61 million, Chanel’s most expensive timepiece, the J12 Flying Tourbillon Joaillerie, must be paved with diamonds. A flying tourbillon is complicated and pricey. Yet the price would not come near to this. You are paying for the diamonds which cover the832 words
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NewBiz
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Article, Illustration2571 2014-09-02 35 A selected listing comprising companies with issued capital between $200,000 and $5 million (May-June 2014) Accommodation Food Service Activities 1 FK SYNERCO PTE LTD 6. Mohamed Sultan Road #01-01, Singapore *****6 REUNION FOODS PTE LTD 57,JalanTua Kong Singapore *****3 C4F-I PTE LTD I, Raffles Place #28-02 One2,571 words
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Advertisement26 2014-09-02 2 ON THE COVER Photography: Ching, Capsule Productions Stylist: Dolphin Yeo Hair: Ken Zhang, from Starlist by Monsoon Makeup: Keith Bryant Lee, using Chanel Wardrobe: Armani Collezioni26 words
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Advertisement276 2014-09-02 3 The Asset Specialist Award for Emerging Corporates in Asia Pacific 2014 Specialist Award for SMEs in Asia Pacific 2014 DBS Online Account Opening for SMEs Now you can apply for a business account anywhere in just 5 minutes. Apply now on dbs.com.sg/sme 3 months of free banking transactions Terms and276 words
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Advertisement1266 2014-09-02 7 Designed to save business printing costs Business owners do not have to worry about out-of-control printing costs with Epson L-Series Ink Tank System Printers as they offer affordable, fuss-free colour printing. Runaway costs can rob a business of its profit. A small setup where the margin for some months runs1,266 words
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Advertisement148 2014-09-02 18 NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Technopreneurship Center DEVELOP an ENTERPRISING. MINDSET Young and research-intensive, Nanyang Technological University (NTU) is on a rapid rise globally and placed 2nd among young elite universities. NTU’s Nanyang Technopreneurship Center (NTC) is one of Asia’s leading centres of excellence for technology entrepreneurship education. In sync with148 words
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Advertisement545 2014-09-02 19 SsSP NANYANG TECHNOLOGICAL UNIVERSITY Nanyang Business School SPRING-NANYANG SME Hi-Potential Leadership Programme Young and research-intensive, Nanyang Technological University (NTU) is on a rapid rise globally and placed 2nd among young elite universities. NTU’s Nanyang Business School in collaboration with SPRING Singapore offers SME Hi-Potential Leadership Programme, designed to empower middle545 words
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Advertisement91 2014-09-02 22 Value through partnerships As an Asia-focused real estate investment and capital management company, we believe in the value of building strong relationships with our customers, business partners and investors. Through these, we are able to grow together and create business communities that share in the rewards of our collective success.91 words
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Advertisement1107 2014-09-02 25 ADVERTORIAL RECHARGE YOUR COMPANY HOW A FUN GETAWAY CAN BE AN AMAZING WAY TO BOOST TEAMWORK AND MORALE St Lawrence’s Church Macau Tower Senado Square S the name suggests, the Amazing Race is all about excitement and discovery. And that is exactly how Macau is poised to offer companies thinking1,107 words
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Advertisement18 2014-09-02 27 m realise that no^ng today and reaus [U 00® N T <S®0 r r nu 0.0.0 sure u)£OMty18 words
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Advertisement792 2014-09-02 29 ADVERTORIAL MELBOURNE SIMPLY SPRINGS M and hearts race to the tempo of pounding hooves. This is why it is romantically dubbed ‘the race that stops a nation’. ost travelogues assert: there is something special about Melbourne. But there is everything extraordinary about Melbourne in spring. Everyone rises to the occasion792 words
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Advertisement170 2014-09-02 30 / 31 Boost your global business with fficiency the right knowledge. In an environment where businesses of all capacities face global competition and ever-increasing market demands, there is a pressing need to upgrade your business to become even more efficient. To equip Small and Medium Enterprises (SMEs) with the most current knowledge170 words
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Advertisement93 2014-09-02 33 Make friends in high places Rub shoulders with some of the most interesting people on the planet at 40,000 feet. Enjoy good company, sparkling conversation and surprising service in our A380 Onboard Lounge. Fly the Emirates A380 to over 20 destinations worldwide y v w w emirates.com/sg Destinations include Amsterdam,93 words
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