The Business Times, 26 May 2015
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2015-05-26
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The Business Times
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Title Section34 2015-05-26 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD BEST IN OVERALL REDESIGN S$1.00 q:h A SINGAPORE PRESS HOLDINGS PUBLICATION wvvw.businesstimes.com.sg I} D@BTBreakingnews CO REGN NO ’l*****868E MCI (P) 051/08/2014 Tuesday, May 26,201534 words
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Article24 2015-05-26 1 MARKETS Monday Change STI 3,460.85 +10.67 KL COMP 1,767.38 -20.12 NIKKEI 225 20,413.77 +149.36 HANG SENG CLOSED SHENZHEN B 1,570.46 +15.12 DOW CLOSED24 words
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Article, Illustration909 2015-05-26 1 Virginie Mangin - State-owned banks told to buy local-government debt, but the lenders consider the cost to be too high By Virginie Mangin btworld@sph.com.sg Beijing INTERBANK market rates in China are dropping sharply as the country’s central bank eases monetary policy and lenders arePHOTO: REUTERS - 909 words
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Article, Illustration219 2015-05-26 1 The Greek government is priming investors for another cliffhanger on June 5. TOP STORIES 2 Global financial services executives believe regulation has enabled business growth and they are expecting more to come, says a survey. COMPANIES MARKETS 5 REC Solar has completed installing rooftop photovoltaic solar panels at219 words
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1113 2015-05-26 1 Jamie Lee - They see shift to digital powering growth in this area and retirement planning for the masses; technology would also protect against mis-selling by their sales force By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore BANKS have trained their focus on wealth management and retirement planning for1,113 words
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Advertisement198 2015-05-26 1 8 "*****1 *****4 BAKER COOK Meeting customers’ kneads SME 24 BLACK BAY Self-winding mechanical movement, waterproof to 200 m, steel case 41 mm. Visit tudorwatch.com and explore more. Exclusively available at: TUDOR WATCH YOUR STYLE Tudor Boutique Swiss Watch Gallery: B1-88/89 The Shoppes at Marina Bay Sands. Tel: 6723 8086198 words
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Advertisement33 2015-05-26 1 PRICES S’pore core inflation at lowest in 5 years TOP STORIES 2 SMART HOMES HDB to launch Northshore Residences this week REAL ESTATE 10 Banks look to Apple Pay as gamechanger, Page 333 words
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Advertisement11 2015-05-26 1 THAI LESSON The rice saga and fall of Yingluck Shinawatra OPINION/2111 words
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TOP STORIES
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Article, Illustration833 2015-05-26 2 Kelly Tay - But no change in monetary policy seen, since drivers of benign inflation are policy-induced, transient By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore APRIL might have become part of the longest consecutive period of declining prices since 2009, and registered the lowest coreSource: Department of Statistics - 833 words
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Article, Illustration454 2015-05-26 2 Mindy Tan - By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore TOTAL leasing volume is expected to decline by five to 10 per cent the rest of this year, with overall rents softening by 5 to 7 per cent, said CBRE on Monday. This is on theSource: URA, CBRE Research - 454 words
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Article, Illustration827 2015-05-26 2 Athens doesn’t have the money and won’t pay what it owes the fund next month: interior minister Athens THE Greek government is priming investors for another cliffhanger on June 5. While Greek Prime Minister Alexis Tsipras’s spokesman Gabriel Sakellaridis insistedPHOTO: AFP - 827 words
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Article, Illustration620 2015-05-26 3 Jamie Lee - Despite slightly higher fees, they see the contactless payment scheme changing the way consumers spend and make payments BANKING MOVES Reports by Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore IT’S a game of hypotheticals, but one worth considering when it involves technology giant Apple. BanksFILE PHOTOS - 620 words
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501 2015-05-26 3 Bank monitoring trend of tying spending to interest rates earned on savings CITIBANK Singapore may have retained its pole position in the credit card market, but it is defending itself against keen competition. For one thing, it will have an “interesting response”501 words
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Article, Illustration974 2015-05-26 4 Anthony Rowley - Abe’s new funding bid competes directly with what China’s Asia infrastructure Investment Bank will do By Anthony Rowley btworld@sph.com.sg Tokyo SOMETHING approaching “infrastructure wars” have broken out between Japan and China. This arises from the intense competition between the twoPHOTO: BLOOMBERG - 974 words
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Article, Illustration474 2015-05-26 4 April figure is worrying as slowdown in economies of China, US clouds outlook REUTERS Tokyo JAPAN’S exports rose in April from a year earlier led by US-bound shipments of cars, but the monthly pace of growth slowed from March a worrying portentREUTERS; PHOTO: AFP - 474 words
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Article, Illustration749 2015-05-26 4 Andy Mukherjee - By Andy Mukherjee REUTERS BREAKINGVIEWS JAPAN holds an important lesson for China. Like the People’s Republic today, it battled with runaway debts in the early 1990s. The key is to tell banks whose loans are going bad: If you must, then extendREUTERS BREAKINGVIEWS - 749 words
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Advertisement9 2015-05-26 2 Portugal, like Europe, loses appetite for reform, Page 189 words
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Advertisement56 2015-05-26 3 Here for generations You have spent a lifetime growing your business and building wealth, Now you want future generations to understand the responsibilities that come with it. Supported by the bank that helps them aim higher. That’s good for a legacy beyond wealth. Here for good sc.com/hereforgood 33 H S356 words
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Advertisement28 2015-05-26 4 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 998828 words
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COMPANIES & MARKETS
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Article, Illustration553 2015-05-26 5 Genevieve Cua - Correction likely after market surge but reasonable valuations can still be found By Genevieve Cua gen@sph.com.sg Singapore PARTS of China’s equity market are in “bubble-like” territory, says Fullerton Fund Management chief executive Manraj Sekhon. But investors should not dismiss the China equity553 words
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416 2015-05-26 5 Siow Li Sen - By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore REGULATION in financial services has helped the industry to grow, contrary to the oft-heard complaints from bankers on the increased cost from more compliance burdens. Not only do global financial services executives believe regulation has enabled business416 words
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209 2015-05-26 5 Lee Meixian - By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore A BANYAN Tree subsidiary will be helping a Vietnamese operator of luxury resorts identify companies that can operate its proposed integrated casino entertainment facilities. Banyan Tree Capital (BTC) will oversee the re-quest-for-concepts process for Laguna Lang Co,209 words
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276 2015-05-26 5 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore STAMFORD Land Corp on Monday reported an 87.5 per cent surge in net profit for the fourth quarter ended March 31, 2015, to S$5.39 million as revenue was boosted by its property development segment. Revenue276 words
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286 2015-05-26 6 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore IN line with higher revenue, Fischer Tech reported a net profit of S$7.48 million for the financial year ended March 31,2015, up 12.7 percentyear on year. Revenue rose 17.5 per cent to S$168.27 million on the back286 words
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Article, Illustration523 2015-05-26 6 Jacquelyn Cheok - Startup’s platform lets users trade stocks and currencies virtually based on real-world data By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore HOMEGROWN stock market simulation app maker TradeHero has partnered Singapore Exchange (SGX) and Macquarie Securities Thailand to bring financial education to “millions of523 words
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407 2015-05-26 6 Lee Meixian - By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore PROPERTY developer Frasers Centrepoint Ltd’s sev-en-year retail bonds closed trading above par on Monday, after meeting with strong demand in the subscription phase. Analysts attributed the demand to the appealing coupon rate of 3.65 per cent per annum,407 words
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Article268 2015-05-26 6 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore IN a financial year when revenue was higher but overall gross margin lower, Jason Marine Group turned in a 39.8 per cent rise in net profit to S$3.89 million with help from higher net exchange gain. The 12 months268 words
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HOT STOCKS
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Article, Illustration468 2015-05-26 7 Jacquelyn Cheok - Rise follows surge last Friday after a report by UK research firm Edison By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore INTERNET stock YuuZoo on Monday extended its share price rally from Friday, closing the day 13.6 per cent or S$0.04 higher at S$0.335. The stock opened tradingSource: Bloomberg - 468 words
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Article, Illustration358 2015-05-26 7 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SHARES in Stratech Group continued to climb on Monday, hitting a high of 4.9 Singapore cents in trading and making it the second most heavily traded stock by volume. The counter closed at 4.5 Singapore cents, up 0.2358 words
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475 2015-05-26 7 Elizabeth Mak - By Elizabeth Mak eamak@sph.com.sg Singapore DBS Bank has ramped up its commitment to Marina Bay, with a pledge of S$ 12 million over three years to further boost activities in the area. This is on top of its commitment of S$10 million over475 words
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Article, Illustration708 2015-05-26 8 R Sivanithy - Trading for week kicks off with paltry 1.8b units worth S$596.6m traded; this is lowest one-day total this year STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT TRADERS who thought conditions in the local stock market couldn’t be worse than last week found that they wereSource: Bloomberg - 708 words
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Article308 2015-05-26 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 253 unch 255/253 271 219 5.8 6397.8 CapitaLand 366 +1 367/362 379 293 13.4 2.5 *****.4 CapitaMall Trust 223 +3 223/221 228 188.5 4.9 7737.4 CityDev 1048 +8 1049/1037 1095 915 12.6308 words
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Article33 2015-05-26 8 VOLUME Yuuzoo 102,698,200 StratechGroup 89,331,300 Blumont 85,638,900 LionGold 83,285,800 Jaya 74,326,900 Market volume 1,819,649,000 VALUE Singtel 44,027,587 Yuuzoo 33,499,866 Wilmar Intl 24,124,301 Global Logistic 20,500,287 Keppel Corp 14,683,898 Market value 598,564,00033 words
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Article77 2015-05-26 8 May 25 VALUE CLOSE BT OB/OS -75.00 -90.00 BT CADI -*****.00 -52.00 BT 10-day MA -*****.00 -8.00 FTSE ST Mid Cap 790.52 -0.98 FTSE ST Small Cap 498.60 -0.35 FTSE ST All Share 830.71 +1.81 FTSE ST China Top 217.33 +0.65 FTSE ST China 256.73 +2.61 FTSE77 words
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Article108 2015-05-26 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap UETF SSE50China 319 +6 209 319/312 319/140 319/320 99.7 STI ETF 349 157 350/349 355/319 349/350 Lyxor HSI US$ US355 +6 87 355/355 361/281 353/355 30.9 Lyxor ChinaH US$ US2006 +39 70 2006/1983 2041/1280 2000/2006 110.3108 words
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Article, Illustration35 2015-05-26 8 STI FTSE ST All-Share FTSE ST All-Share index May 25,2015 830.71 +1.81 (+0.22%) Current streak 2 days Day high 831.17 Day low 829.06 52-week high 847.98 (Apr 15, 2015) 52-week low 762.71 (Oct 16, 2014)35 words
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Article, Illustration33 2015-05-26 8 STI MSCI EAFE MSCI EAFE Index May 22,2015 1,935.25 -13.16 (-0.68%) Current streak 1 day Day high 1,956.39 Day low 1,934.73 52-week high 1,995.49 (July 3, 2014) 52-week low 1,697.01 (Jan 7, 2015)33 words
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Article186 2015-05-26 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 6 6 0 0 0 3 6 6 Manufacturing 42 46 43 8 10 9 50 56 52 Commerce 19 23 24 4 5 5 23 28 29 Tpt/Stor/Comms 11 18 8186 words
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Article123 2015-05-26 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 9,493 9,493 32,267 32,267 Manufacturing 404,482 49,001 453,483 87,968 5,618 93,586 Commerce 132,179 52,886 185,065 31,094 2,461 33,555 Tpt/Stor/Comms 135,559 975 136,534 102,047 68 102,115 Finance 19,618 234 19,852 36,443 43 36,486 Construction 91,760 14,154123 words
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Article73 2015-05-26 8 BY CENTS CLOSE UP 52w high/low DBXT Nifty US$ ***** 368.9 2.1 *****/***** Lyxor Indonesia US$ 8804 291.1 2.5 9636/8507 DBXT China50 US$ 4133 124.8 2.3 4258/2800 JMH USD 6152 69.8 0.9 6788/5700 DBXT CSI300 US$ 1402 57.7 3.2 1402/623 BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.3 50.073 words
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Article76 2015-05-26 8 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -104.6 -0.7 *****/***** DBXT DBCBLEB US$ 1376 -96.6 -5.0 1918/1376 SPDR S&P500 US$ ***** -77.8 -0.3 *****/***** DBXT MSTHAI US$ 2037 -45.6 -1.6 2300/1886 DBXT MSMSIA US$ 1326 -34.9 -1.9 1598/1291 BY PERCENTAGE CLOSE DOWN 52w high/low Charisma W*****3 0.476 words
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Article82 2015-05-26 8 VOL CLOSE($) CHANGE China Sports 72,264.1 0.026 +0.004 +18.18 China Taisan 21,532.8 0.022 +0.003 +15.79 Next-Gen Sat^ 13,190.0 0.002 -0.001 -33.33 Infinio 4,700.2 0.003 +0.001 +50.00 Mercator Lines 4,316.5 0.033 -0.006 -15.39 Azeus 100.0 0.099 +0.008 +8.79 Yuuzoo 102,698.2 0.335 +0.040 +13.56 Brooke Asia 60.1 0.150 +0.020 +15.3982 words
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Article420 2015-05-26 8 Chan Yi Wen - Compiled by Chan Yi Wen Yangzijiang shipbuilding Holdings| Buy May 25 close: S$1.485 Target price: S$1.62 DBS Group Research, May 25 YANGZIJIANG has evolved to be the largest private shipbuilder in China and is among the handful Chinese yards that have scaled up to build mega containerships, VLCCs420 words
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Article16 2015-05-26 8 DATA I (May 26) Singapore GDP I 10pm (May 26) US S&P/CaseShiller Home Price Index16 words
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401 2015-05-26 9 CURRENCIES REUTERS London THE US dollar hit a one-month high against a basket of major currencies on Monday after stronger-than-ex-pected underlying US inflation bolstered the Federal Reserve’s case for an interest rate hike later this year. Fed Chair Janet Yellen’s comments that theREUTERS - 401 words
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FOREX RATES
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Article471 2015-05-26 9 May 25 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.963 4.854 0.714 6.067 49.792 103.220 0.952 8.593 2.827 1.071 79.811 34.922 1.050 9.362 0.739 23.872 26.274 0.505 0.783 Canada 1.038 5.040471 words
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Article155 2015-05-26 9 May 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0498 1.0507 0.7825 0.7828 Canadian dollar 1.0902 1.0910 0.8129 0.8126 Euro 1.4713 1.4724 1.0967 1.0970 NZ dollar 0.9802 0.9811 0.7306 0.7310 Sterling pound 2.0781 2.0796 1.5490 1.5494155 words
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Article22 2015-05-26 9 May 25 S$ Bid Offer 1-month 1.3421 1.3430 2-months 1.3427 1.3436 3-months 1.3433 1.3443 6-months 1.3450 1.3462 Source: OCBC22 words
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EQUITY BONDS WARRANTS FUTURES
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208 2015-05-26 9 May 25 Most active Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left FTSEChinaA50 ***** MBePW*****0 5.9 -2 5458 0.0 --2 China Gaoxian FibreFab W*****8 0.1 unch 5000 1 10 248 29.00 40 WE Holdings Ltd W*****5 0.3 unch 2861208 words
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373 2015-05-26 9 In local curr In S$ In US$ dy yr dy yr dy yr May 22 Index Change Change Change Change Change Change World Preliminary 1367.2 -0.1 7.2 -0.4 6.4 -0.4 5.5 EAFE Preliminary 1114.4 0.0 12.9 -0.7 10.0 -0.7 9.0 Europe Preliminary 1558.9 0.0 12.8373 words
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Article404 2015-05-26 9 May 25 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.91 *****.30 *****.05 May15 *****.00 *****.00 *****.50 *****.50 *****5 *****6 Jun15 *****.00 *****.00 *****.00 *****.00 *****9 *****1 NIKKEI 225 INDEX FUTURES SPOT *****.92 *****.77 *****.54 Jun15 *****.00 *****.00 *****.00 *****.00 ***** *****4 Sep15404 words
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BANK RATES
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Article154 2015-05-26 9 May 25 $S Offer Bid 0vernight 0.10 0.05 1-month 0.6875 0.5625 2-months 0.75 0.625 3-months 0.8125 0.6875 Overnight mode: 0.10 US$ Offer Bid 7 days 0.17 0.07 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.60 0.40 9 months 0.70 0.50 12154 words
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Article36 2015-05-26 9 May 25 1 mth 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 0.***** 3 mths 0.***** 6 mths 0.***** Source: Thomson Reuters36 words
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Article65 2015-05-26 9 May 25 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.51 5-Year N*****0H 1.625 01-Oct-19 99.9 10-Year NY*****H 3.000 01-Sep-24 105.25 105.25 105.20 15-Year NY*****E 2.875 01-Jul-29 102.18 102.10 102.09 20-Year NZ*****V 3.375 01-Sep-33 107.64 107.60 107.60 30-Year NA*****N65 words
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AGRI METALS ENERGY
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Article165 2015-05-26 9 May-22 <riw M* UNI'S? l«l flW Agricultural cm i i&iitaBtuMHiifliiM •7*fa *1.^ May 27 TUPIMP-. cUoi •n^nnOllOil mvUWILi) 31 M IW .v«k 1tW»CTl<3 Ciiol Vital ('i» mrivru S'iJS uy |>1M iJFFE Qooii (Etonne) 7'r2XB MXt MOyrt ■r> i urn: (Watret/Wyii TS*W> •WW :v.wr*n II 1 Vfvtll (.VII IIInVIl165 words
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Article57 2015-05-26 9 May 25 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 15 2129.0 2137.0 2142.0 2126.0 280 3184 Jul 15 2131.0 2143.0 2154.0 2124.0 7075 ***** Aug 15 2122.0 2138.0 2151.0 2121.0 ***** ***** Sep 15 2129.0 2141.057 words
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Advertisement1426 2015-05-26 6 ADVERTISING FEATURE Keeping watch for company boards presented by: COSO ACADEMY protjvitr dfy internal Audit Singapore accountancy commission Pa The Institute of Internal Auditors Singapore By ERIC LIM The economic and regulatory landscape has evolved tremendously over the past decade. Emerging risks have become more varied and Boards and stakeholders1,426 words
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Advertisement264 2015-05-26 7 AccountServe A Stone Forest Company Globally Connected RSM International Stressed Over Annual with ACRA and IRAS I Get quick and reliable help today! One stop convenience with customised solutions Team of professionals with over 25 years of experience I www.AccountServe.com.sg info@accountserve.com.sg T +65 6222 6868 GROW YOUR NETW to GROW264 words
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REAL ESTATE
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648 2015-05-26 10 Lee Meixian - Units at Northshore Residences I and II seen attracting higher application rates, thanks to their affordable prices BY Lee Meixian |eemx@sph.com.sg @LeeMeixianBT Singapore THE first smart HDB homes, Northshore Residences I and II, will be launched in this month’s build-to-or-der648 words
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570 2015-05-26 10 BLOOMBERG Mumbai INDIAN builders struggling to sell homes amid mounting debt face a new hurdle: reluctant bankers. “There’s a lot of demand from builders and commercial real estate developers for loans,” Ranjan Dhawan, Bank of Baroda’s Mumbai-based chief executive officer, saidBLOOMBERG - 570 words
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258 2015-05-26 10 BLOOMBERG Taipei FUBON Life Insurance Co agreed to buy the London site of the Madame Tussauds waxworks museum for £348.8 million (S$723.8 million) as the Taiwanese insurer seeks higher returns overseas. The property on Marylebone Road near Regents Park includes a 2,833 square-metreBLOOMBERG - 258 words
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Article, Illustration476 2015-05-26 11 Chan Yi Wen - The 1,000-sq-m rooftop panels will be able to generate 200,000 kWh of clean energy annually and save the property some S$30,000 a year for the next 25 years By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore GLOBAL solar-energy firm REC Solar has completedPHOTO: REC SOLAR - 476 words
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1119 2015-05-26 11 NYT San Francisco LUXURY condominiums, organic ice cream stores, cafes that serve soya lattes and chocolate shops that offer samples from Ecuador and Madagascar are rapidly replacing 99-cent stores, bodegas and rent-controlled apartments in the Mission District, this city’s working-class LatinoNYT - 1,119 words
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Advertisement30 2015-05-26 10 7 >L' f y rm ■4m WHt*. i m «r?f v <: R i. m. ->■ W4>’.& > aiO ■im i r k xiioo OBqoFz X^jodojdz siuoij pdjjdd jnoX o; XbavspS sqx ilJ9doxi-7|30 words
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Page 11 Advertisements
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Advertisement62 2015-05-26 11 KnightFrank.com.sg Sale by Tender 28 One Tree Hill Road D10 2-storey semi-detached house on elevated ground Land 4497 sf, quiet, exclusive, nice ambience, good facing, mins to ION/ Orchard/ MRT Planning permission granted for 2-storey detached with attic and basement BANK TENDER CLOSES ON 29 MAY 2015 (FRI), 3PM Sole62 words
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Advertisement77 2015-05-26 11 FREEHOLD ENBLOC BUILDING IN DISTRICT 8 FOR SALE Land Area: 6,021 sq ft Strata Area: 16,243 sq ft Stable rental income with 100% occupancy 1st storey approval for food and beverage use Opposite Connexion and Farrer Park MRT station Expression of Interest Closing: Fri, 12 June 2015,3pm TAN CHUN MING77 words
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Advertisement79 2015-05-26 11 The first real estate and urban build conference in Myanmar i/i I O WN rrrjanmar Incorporating: Myanmar O retail Urban and City Planning Conference 2015 I Real Estate Show Myanmar 2015 3-5 August 2015 Yangon, Myanmar I I Your gateway to trends and investment opportunities in Myanmar's real estate For79 words
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Advertisement52 2015-05-26 11 Blogs Miss Ann Thrope Metadata Write on the Money R Sivanithy shares his observations on the Singapore stock market at Write on the Money, Kenneth Lim discusses the news from a data-driven perspective at Metadata, while Joyce Hooi mercilessly points out the absurdities of life at Miss Ann Thrope. businesstimes.com.sg/blogs52 words
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BANKING & FINANCE
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566 2015-05-26 12 Plaintiffs want either OJK’s dismissal, return of supervision to central bank, or OJK’s fees to be paid to state budget BLOOMBERG Jakarta INDONESIA’S constitutional court is finalising a review of a legal challenge to the role of the country’s financial regulator,BLOOMBERG - 566 words
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Article, Illustration846 2015-05-26 12 NYT London BANKS have paid billions. Regulators and prosecutors have extracted guilty pleas from financial institutions. Dozens of employees have been fired, and at least one chief executive has lost his job. Now, on Tuesday, the first trader in the sprawling,NYT; PHOTO: BLOOMBERG - 846 words
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433 2015-05-26 12 BLOOMBERG Kuala Lumpur MALAYSIA Building Society Bhd, a lender controlled by the country’s biggest pension fund, plans to adopt stricter coverage standards for loan impairments as it prepares to become an Islamic bank. The company known as MBSB wants to raise its loan-lossBLOOMBERG - 433 words
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Advertisement274 2015-05-26 12 and Interest rates rises have historically caused volatility in capital, investment and asset markets. How will equities, bonds, commodities and currencies react to this upcoming interest rate rise? Will HK H shares and China A shares continue to soar? How will higher interest rates affect the AH premium equilibrium? byGabriel274 words
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Advertisement69 2015-05-26 12 H O T PR O PERTY HOT BIZ SPACE! A Steal. Good market to Buy. Tuas from 4531sf. Yishun from 2109sf (pic) 3 ADJACENT UNITS. 45 yrs URA GFA 4811sf/unit. Good Frontage. Easy Access. 150 amp,high ceiling. LAST UNIT. SALE/ Rent. 30 Tuas View Sq. 6Ksf. B1/B2/ Food warehse/Office. Near69 words
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Advertisement38 2015-05-26 12 SINGAPORE BL G AWARDS m jp m. sp m 2 0 15 Double tap on their photos? Now vote for them! FAVOURITE CELEBRITY fcj r Nowon till 8 Jun NOW VOTE FOR THEM! a sgblogawards.omy.sg Organiser y www.omy.sg38 words
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ENERGY & COMMODITIES
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867 2015-05-26 14 But some money managers say divestment as a tool to address climate change is too simplistic in most cases REUTERS London FOR Rivka Micklewaite and fellow students, securing a pledge this week from Oxford University to avoid direct investments in companies producingREUTERS - 867 words
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Article, Illustration653 2015-05-26 14 BLOOMBERG New York OIL speculators missed out as record demand from US refineries helped trim supplies from their highest level in more than eight decades and drive prices higher. Hedge funds and other money managers reduced their net-long positionBLOOMBERG; PHOTO: AFP - 653 words
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Advertisement1257 2015-05-26 14 Head Office 1 Fuxingmen Nei Dajie, Beijing *****8, People’s Republic of China. Tel (86) 10-6659 6688 Fax (86) 10-6601 6871 Swift BKCHCNBJ http: www.boc.cn Singapore Branch 4 Battery Road, Bank of China Building, Singapore *****8 Tel (65) 6535 2411 Fax (65) 6534 3401 Swift BKCHSGSG CONSOLIDATED STATEMENT OF FINANCIAL POSITION1,257 words
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TECHNOLOGY
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538 2015-05-26 15 NYT San Francisco EVERY night, the software developer Aaron Melocik follows a precise food routine. He blends together 1.9 litres of water, 31/2tablespoons of macadamia nut oil and a 45 3g bag of powder called Schmoylent. Then he pours the beigeNYT - 538 words
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943 2015-05-26 15 Data protection watchdogs across the region questioning Facebook’s privacy settings; EU probing whether tech giant unfairly favours own services NYT London MOVE over, Google. Facebook is the latest American tech giant that Europeans love to hate. For decades, European policymakers have taken aim at America’sNYT - 943 words
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Article, Illustration624 2015-05-26 15 NYT New York IN the continuing battle between European and American tech companies, score one for Europe. In a move that could put pressure on its rivals to follow suit, Amazon will start paying taxes in a number of European countriesNYT; PHOTO: REUTERS - 624 words
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573 2015-05-26 15 WP Washington WHEN Anil Chawla built a start-up that uses software to archive social media posts, he never imagined that his biggest clients would be government agencies. Mr Chawla, a former IBM engineer, founded ArchiveSocial in 2011 to design an efficient way toWP - 573 words
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Advertisement287 2015-05-26 15 Z20t 12.5" Detachable Ultrabook with 17.4 Hour Battery Life sa On HI f T redact award 2015 winner Toshiba Digitizer Pen Included (Certifed by Wacom) DETACHABLE ULTRAPORTABLE ■b\ Complete Connectivity to a wide range of devices S/ Micro HDMI (on Tablet) VGA HDMI (on Keyboard) BUILT LAST Toshiba recommends Windows.287 words
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CONSUMER
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Article, Illustration530 2015-05-26 16 But critics say scheme is misguided and focus should be on scrubbing its online marketplaces of widespread listings of fakes REUTERS Putian, China CRITICISED and even sued by luxury brand Gucci and others for facilitating the counterfeit goods trade, Chinese e-com-merce giant AlibabaREUTERS; PHOTO - 530 words
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253 2015-05-26 16 Beijing CHINESE shoppers may get better deals on items including sports shoes, face cream, and diapers after the government reduced import tax by half to boost consumption. Import tariff for some clothes, shoes, and skincare products will be cut by an average253 words
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296 2015-05-26 16 AFP Canberra AUSTRALIA is world-renowned for its love of beer. But its passion for a different type of brew coffee is what has been making global headlines recently. Sasa Sestic, from the capital Canberra, is the second coffee maker from Down Under toAFP - 296 words
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Advertisement1432 2015-05-26 16 Deutsche Bank AG (Incorporated in Germany) Consolidated Financial Statements for 2014 IZl Consolidated Balance Sheet Earnings per Share Adjustments for net change in operating assets Other, net (4,360) 3,007 (2,794) Net cash provided by (used in) operating activities (630) 7.184 (23.954) Cash flows from investing activities: Proceeds from: Cash and1,432 words
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TRANSPORT
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Article, Illustration888 2015-05-26 17 His job will be to clean up MAS for closure and transfer its assets and liabilities to new airline, Malaysia Airlines Bhd Kuala Lumpur MALAYSIA’S sovereign wealth fund Khazanah Nasional Bhd said it has appointed Mohammad Faiz Azmi to oversee the restructuring of the888 words
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Article, Illustration742 2015-05-26 17 REUTERS Washington THE US car safety watchdog, long criticised as toothless and slow, is showing both bark and bite under its new boss a testimony to his credentials as a safety expert and a hardening of the administration’s policy after aREUTERS; PHOTO: AFP - 742 words
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Article, Illustration781 2015-05-26 17 They face problem in selling a technology that is arriving faster than many expected WP Washington FOR a glimpse of one of motoring’s thorniest modern dilemma, look no further than two contradictory TV ads for Infiniti’s new Q50. In one, a narrator mocksWP; PHOTO: AFP - 781 words
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982 2015-05-26 22 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10982 words
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Page 17 Advertisements
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Advertisement172 2015-05-26 17 The Business Times Ik P Toll free 1800-289-8822 I f I Email notices@sph.com, sg M J i j L J www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ELLIPSIZ SINGAPORE PTE LTD (“the Company”) (Co. Reg. No. *****2455Z) (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE172 words
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Advertisement99 2015-05-26 17 TENDER NOTICE Land Bank of Taiwan, Singapore Branch Land Bank of Taiwan, Singapore Branch invites tenders from Certified Insurance Companies for Employee Benefits Insurance. Eligibility: Tenderers must be qualified by Monetary Authority of Singapore (MAS). Collection of Tender Specification: Tender Specifications are obtainable from Land Bank of Taiwan, Singapore Branch,99 words
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Advertisement262 2015-05-26 17 CONSTRUCTION AND OFFICE EQUIPMENT FOR SALE Barriers, cones, fencing, signages, precast meshes, C5A channels, precast drains, kerbs, UPVC, Galvanised Iron pipes, cable warning slabs, steel gratings, plywood, timber, Geotextile Class A, Enkadrain, Easi Plaster, tactile, safety bollards, high performance topping compound, Type A temporary bus shelters, 1000 litres water tank,262 words
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GOVERNMENT & ECONOMY
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Article, Illustration862 2015-05-26 18 Initially ambitious with changes, its drive has waned after the three-year bailout programme ended last year REUTERS Sintra, Portugal CELEBRATED among Europe’s elite as a model of how to reform an economy after a debt binge, Portugal’s enthusiasm for change has waned asREUTERS; PHOTO: REUTERS - 862 words
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390 2015-05-26 18 REUTERS Shanghai CHINA’S top banking regulator have warned of rising credit risk from real estate, local government debt and unconventional forms of finance, sources with direct knowledge told Reuters, highlighting Beijing’s struggles to prevent risky debt from engulfing aREUTERS - 390 words
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Article, Illustration472 2015-05-26 18 AFP London THE British government’s new legislative programme, including a referendum bill on leaving the European Union (EU), will be announced by Queen Elizabeth II on Wednesday as parliament gets down to business after the Conservatives’ election win. The mood ofAFP - 472 words
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554 2015-05-26 18 Pauline Ng - Cloud-based software firm plunges nearly 15% after it tells exchange its CFO has resigned By Pauline Ng btworld@sph.com.sg Kuala Lumpur AMID weak market sentiment, Malaysia’s retail investors could prove more risk averse after the year’s top gainer tumbled following the unexpected resignation554 words
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749 2015-05-26 19 This is after lenders take steps to cool housing market; A$ remains 3.7% above 6-year low touched in April BLOOMBERG Sydney THE Reserve Bank of Australia (RBA) is set to win more room to weaken its currency after lenders started doing their bitBLOOMBERG - 749 words
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631 2015-05-26 19 REUTERS Nakagawa TWO-THIRDS of Japanese firms support the government’s plan to boost the national sales tax in 2017 and almost half believe big hikes in the future will be necessary to combat the country’s ballooning debt, a ReutersREUTERS - 631 words
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339 2015-05-26 19 REUTERS Jakarta INDONESIA’S home minister called for a police investigation into the suspected contamination of rice with plastic, saying it may be an attempt at sabotaging the government, media reported on Monday. President Joko Widodo has called for calm after reports that taintedREUTERS - 339 words
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Advertisement14 2015-05-26 18 ASIA’S LEADING LUXURY YACHTING MAGAZINE SINCE 1976 SUBSCRIBENOW SUBSCRIBENOW! Available on Subscribe at www.asia-pacificboating.com14 words
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Page 19 Advertisements
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Advertisement1366 2015-05-26 19 The Business Times Ik IT I 1 Toll free 1800-289-8822 I I Email noticescasph.com.sg I V i B j j www.sphclass.com.sg/notices CreditSuisse Report of the Statutory Auditor on the Consolidated Financial Statements to the General Meeting of Shareholders of Credit Suisse AG, Zurich As statutory auditor, we have audited the1,366 words
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OPINION
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580 2015-05-26 20 THE passage of a US Senate bill proposing to give US President Barack Obama his Trade Promotion Authority (TPA) has cheered Trans-Pacific Partnership (TPP) proponents no end. Yet despite the current optimism, it is obvious that many obstacles –both in the United580 words
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Article835 2015-05-26 20 David Mason - THE BOTTOM LINE By David Mason T The writer, a business communications consultant in the UK, was a Price Waterhouse Singapore partner for 18 years in the 1980s and 1990s SO, Golden Jubilee for Singapore as an independent nation. There will be accolades pouring in from835 words
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Article, Illustration1372 2015-05-26 20 Leon Hadar - The narrative being promoted by Jeb Bush and the Republicans seeks to pin all the current mess in Iraq and Syria, including the rise of the IS, on President Obama and the Democrats By Leon Hadar FORMER Florida Governor Jeb Bush has yet toPHOTO: AFP - 1,372 words
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924 2015-05-26 21 Leela Pandit - COMMENTARY By Leela Pandit T The writer is a director at Tulchan Communications GOOGLE recently rolled out its mobile-friend-ly update, which will boost the rankings of mobile-friendly pages on mobile search results. Its definition of mobile-friendly is a website that “can924 words
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531 2015-05-26 21 Michael McDonald - By Michael McDonald OILPRICE.COM ALTHOUGH some US oil companies are struggling with low oil prices, a new wave of innovation is hitting the oil patch, allowing for a significant reduction in drilling costs. A variety of different improvements in production areOILPRICE.COM - 531 words
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450 2015-05-26 21 Mak Yuen Teen - LETTER TO THE EDITOR Mak Yuen Teen I REFER to the report “Xpress and its former chairman broke listing rules in 2014: SGX” (BT, May 22). It is good that Singapore Exchange has taken some form of enforcement action by issuing450 words
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Article, Illustration1274 2015-05-26 21 ASIT K BISWAS, MATTHEW J KASTNER, CECILIA TORTAJADA - It is a lesson for future leaders of Thailand and other countries to steer clear of any policy resembling market manipulation. BY ASIT K BISWAS, MATTHEW J KASTNER and CECILIA TORTAJADA manipulation.BY ASIT K BISWAS, MATTHEW J KASTNER, CECILIA TORTAJADA T MrPHOTO: REUTERS - 1,274 words
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Advertisement197 2015-05-26 22 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE THE BUSINESS TIMES Shipping times Experienced shf p maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 M Announce Your Corporate Development197 words
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LIFE & CULTURE
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600 2015-05-26 23 AFP Stellenbosch, South Africa GNARLED and gnomish, the vines that produced the best white in one of the world’s top wine competitions crouch low and untrellised amid more traditional vineyards in South Africa’s scenic Cape winelands. The Chenin Blanc made fromAFP - 600 words
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Article, Illustration855 2015-05-26 23 Choice of Dheepan crowns a good night for French cinema but a bad one for Italy and actress Blanchett CANNES FESTIVAL REUTERS AFP Cannes FRENCH film Dheepan won the top Palme d’Or prize for director Jacques Audiard at the 68th Cannes International Film Festival, crowningREUTERS; AFP; PHOTO: AFP - 855 words
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Article, Illustration939 2015-05-26 23 OBITUARY NYT New York JOHN Nash Jr, a mathematician who shared a Nobel Prize in 1994 for work that greatly extended the reach and power of modern economic theory and whose long descent into severe mental illness and eventualNYT; PHOTO: AFP - 939 words
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Advertisement25 2015-05-26 23 One man’s junk is another man’s treasure Shop second-hand or sell your possessions in CLASS 162 To advertise, call the Print Classified Hotline: 1800-289 998825 words
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Page 23 Miscellaneous
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Miscellaneous312 2015-05-26 23 CRYPTIC CROSSWORD Across 1 Fishmonger’s special offer for Scrooge (10) 6 A barrier for architect (4) 9 Character in The Odyssey returning after the blast destroyed fighting vessel (10) 10 It takes a stiff pint by the sound of it (4) 12 Arrive by gold carriage (6) 13 Payment from312 words
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SME
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Article, Illustration1154 2015-05-26 24 PRISCA ANG - With a wide selection of baked products and CEO-cum-head baker Dean Brettschneider’s personal touch to boot, Baker Cook focuses on bringing a “new world” bakery experience to the suburbs.BY PRISCA ANG suburbs.BY PRISCA ANG prisang@sph.com.sg THE idyllic atmosphere in Chip Bee Garden belies the snazzy array ofPHOTO: SHAWN TEO - 1,154 words
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Article, Illustration1644 2015-05-26 24 Vivien Ang - By Vivien Ang vivang@sph.com.sg Singapore THE road to motherhood is one fraught with challenges and uncertainties. Throw entrepreneurship into the mix and it is a wonder that one doesn’t feel like the apocalypse is impending with the frenetic schedule. But that was exactly what Nicole Seah,PHOTO: ARTHUR LEE - 1,644 words
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EMERGING ENTERPRISE 2015
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Article, Illustration1232 2015-05-26 25 DEBBIE YONG - Whether they realise it or not, a reliable electronic payments system can boost productivity for SME owners on both the buy and sell side of growing a business. BY DEBBIE YONG BY DEBBIE YONG debyong@sph.com.sg @DebbieYongBT ASK any SME business owner what’s top on their to-doPHOTO: BLOOMBERG - 1,232 words
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Advertisement106 2015-05-26 25 FOR Resilience Vision Competiti' Sir' etegy sltlpn po Unique Value Proi ong ianag< People ement Scalability Of Business With up to worth of prizes, you’ll have the support you need to realise your business plans. Applications close on June 9,2015. Apply today at www.EEaward.com Emerging Enterprise Award THE BUSINESS TIMES106 words
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Advertisement21 2015-05-26 26 or f [j S3 id* ■i; by Norman M. apple.com/sg/worldgallery Shot on iPhone 6 i 015 Apple Inc. All rights reserved.21 words
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