The Business Times, 16 September 2015
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2015-09-16
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The Business Times
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Title Section34 2015-09-16 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ S$1.00 s|:}1 A SINGAPORE PRESS HOLDINGS PUBLICATION wvvw.businesstimes.com.sg I} D@BTBreakingnews CO REGN NO ’l*****868E MCI (P) 039/08/2015 GWednesday, September 16, 201534 words
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Article28 2015-09-16 1 MARKETS Tuesday Change STI 2,841.94 -29.53 KL COMP 1,647.15 +7.52 NIKKEI 225 18,026.48 +60.78 HANG SENG 21,455.23 -106.67 SHENZHEN B 1,016.14 -10.93 DOW (11.45am EDT) 16,525.15 +154.1928 words
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DAILY DIGEST
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Article88 2015-09-16 1 The big economic powers are investing more in Asean as they compete for influence, with the biggest chunk coming into Singapore. TOP STORIES 2 The Singapore dollar’s recent strengthening is probably due to market expectations that the US Federal Reserve will delay its first interest-rate hike in nine years until88 words
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37 2015-09-16 1 The Pan Pacific Hotels Group is upgrading four of its owned and managed properties in the Asia Pacific including the Parkroyal on Beach Road in Singapore for a total investment of over US$35 million. REAL ESTATE /1237 words
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Article129 2015-09-16 1 Deutsche Bank is considering cutting as many as 8,000 jobs in addition to selling a consumer-banking unit, which would shrink the total workforce almost 25 per cent. BANKING FINANCE 14 Cautious oil market bulls are stirring, sensing higher prices for future months after a first whisper that the glut may129 words
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Article, Illustration1124 2015-09-16 1 Lynette Khoo - Units sold down 69% from July high; consultants say buying inertia may set in By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE slump in developers’ private homes sales last month came in largely expected, after July’s sales were skewedSource: URA, PropNex - 1,124 words
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Article, Illustration866 2015-09-16 1 Lee U-Wen - By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE foreign worker population expanded by just 8,000 in the first half of 2015, the lowest half-yearly growth since the global financial crisis in 2009. This figure, which excludes maids, continues a downward trend inSource: MOM - 866 words
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Page 1 Advertisements
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Advertisement26 2015-09-16 1 *****81 *****4 WASTE-TO-ENERGY PROJECT Hyflux, Mitsubishi picked to build S$750m Tuas plant COMPANIES MARKETS 7 ARGUMENTS FOR GERMANY LEAVING THE EURO ARE ALL FLAWED OPINION 2526 words
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Advertisement24 2015-09-16 1 CHANGING AUSTRALIAN LEADERSHIP Business confidence affected TOP STORIES 4 US FEDERAL RESERVE Interest rate rise may roil stock and bond markets EXECUTIVE MONEY 2824 words
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Advertisement151 2015-09-16 1 S’PORE RETAIL SALES Motor vehicles help drive 5.2% rise in July TOP STORIES 2 LUXURY COLLECTION 2015 S C U L P T U R A ARDMORE 8 ARDMORE PARK A visionary work of art that boldly defies convention. It is original, intriguing. With pools gracefully peeling away from the151 words
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TOP STORIES
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411 2015-09-16 2 Kelly Tay - But excluding 40.6 per cent jump in motor sales, retail figure up only by sluggish 0.8 per cent By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore HELPED again by a massive increase in motor vehicle sales, Singapore’s retail sales rose 5.2 per411 words
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Article, Illustration716 2015-09-16 2 Claire Huang - By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE smog choking Singapore is expected to persist these two days before it eases in time for the Formula One (F1) Singapore Grand Prix weekend as the winds change direction, officials on Tuesday said at a jointPHOTO: SUTTON IMAGES - 716 words
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Article, Illustration10 2015-09-16 210 words
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622 2015-09-16 2 Chuang Peck Ming - By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore THE big economic powers are investing more in Asean as they compete for influence, with the biggest chunk of the investments coming into Singapore. More than half the total investments in622 words
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Article263 2015-09-16 2 Pictet-Absl Rtn Fxd Inc-HP EUR 10/09/2015 EUR 102,77 Pictet-Absl Rtn Glo Div-P EUR 10/09/2015 EUR 117,40 Pictet-Asian Equities Ex Japan-P USD 11/09/2015 USD 172,60 Pictet-Asian Local Currency Debt-P USD 11/09/2015 USD 139,97 Pictet-Biotech-P USD 10/09/2015 USD 797,46 Pictet-Clean Energy-P USD 10/09/2015 USD 73,64 Pictet-Digital Communication-P USD 10/09/2015 USD 212,49263 words
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491 2015-09-16 4 Melissa Tan - But they believe appreciation unlikely to last; focus will soon shift to MAS Oct policy meeting By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore MARKET expectations that the US Federal Reserve will delay its first interest-rate hike in nine years until after491 words
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Article, Illustration588 2015-09-16 4 Jamie Lee - By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore CURRENCY wars in which currencies are devalued to boost exports appear inevitable given the thick brew of high debt and faltering global demand, and as structural reform remains unlikely, senior Rabobank analysts said at a briefing on Tuesday.PHOTO: REUTERS - 588 words
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494 2015-09-16 4 AUSTRALIAN POLITICS REUTERS Sydney THE well-oiled revolving door of Australian politics, which has cycled through five leaders in as many years, is earning the nation a reputation for instability which, according to at least one government lawmaker, is starting to resembleREUTERS - 494 words
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Article, Illustration352 2015-09-16 4 Andy Mukherjee - REUTERS BREAKINGVIEWS By Andy Mukherjee AUSTRALIA’S new prime minister has inherited a bust, a boom and a problem. Surging real estate partly offsets a slump in mining. But Malcolm Turnbull still confronts the vexing challenge of fading economic growth, which depresses everything from wages to profits.Source: Datastream, Reuters - 352 words
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533 2015-09-16 4 Anthony Rowley - By Anthony Rowley btworld@sph.com.sg Tokyo MEETING in the shadow of this week’s critical meeting of the US Federal Reserve’s rate-setting Open Markets Committee, the Policy Board of the Bank of Japan (BOJ) on Tuesday maintained its monetary easing stance. The Fed’s decision could533 words
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246 2015-09-16 4 MALAYSIA will arrange for key witnesses to be heard by Swiss investigators once it receives a formal request, said The Office of The Attorney General of Switzerland OAG on Tuesday. This follows a bilateral meeting in Zurich on the same day between246 words
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721 2015-09-16 5 Samuel Ee - Its city-centre race venue, carnival vibe, affordable ticket prices and big-name performance acts keep them coming By Samuel Ee samuelee@sph.com.sg Singapore AZERBAIJAN has a history that harks all the way back to ancient times, but this year, it will share something in common721 words
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Page 3 Advertisements
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Advertisement224 2015-09-16 3 A m f mm a 1k vr.'A *k VOLVO I it W T v i i ft 1* I w -m* /A ><Va 4 I fjW*' i s i V Introducing the All-New Volvo XC90. Our flagship 7-seater SUV, now with a i level of luxury that surpasses everything we224 words
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Page 4 Advertisements
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Advertisement9 2015-09-16 4 All eyes on the Fed this week, Page 289 words
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Advertisement10 2015-09-16 4 Yen gains as BOJ refrains from more stimulus, Page 910 words
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Page 5 Advertisements
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Advertisement79 2015-09-16 5 Beds so comfortable you want to sleep. Cuisine so fine you want to stay awake. In Switzerland, we enjoy the finer things in life. This can sometimes make choices difficult. But why decide between Swiss cuisine and a two-meter fully flat bed with massage function when you can enjoy both79 words
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COMPANIES & MARKETS
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826 2015-09-16 6 Kenneth Lim - Three listing committees to advise the market regulator on listing, disciplinary and appeal matters By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE private sector from Oct 7 will play a larger role in determining who gets to list on the Singapore826 words
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531 2015-09-16 6 Jamie Lee - By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SINGAPORE’S equity market offers deep value, Morgan Stanley says in an Asean equity strategy report which upgrades the Republic to “most preferred market”. This comes at a time when the market is trading close to its531 words
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787 2015-09-16 7 MELISSA TAN - HOCK LOCK SIEW BY MELISSA TAN melissat@sph.com.sg @MelissaTanBT THE recent public fallout between the single largest shareholder and the board of furniture supplier Nobel Design is yet another painful reminder of how minority shareholders can end up caught in between whenever the big787 words
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Article, Illustration384 2015-09-16 7 Claire Huang - By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore WHILE the local bourse may be anaemic, healthcare stocks are growing from strength to strength, beating the year-to-date total return and average dividend yield of a global healthcare index, said a Singapore Exchange (SGX) “My Gateway” report. TheSource: SGX My Gateway Report - 384 words
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519 2015-09-16 7 Lee Meixian - S$750m project expected to be completed by 2019; Hyflux to have 75% stake By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore A CONSORTIUM comprising Singa-pore-listed Hyflux and its partner Mitsubishi Heavy Industries (MHI) has been chosen by the Singapore government to build a519 words
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Article, Illustration713 2015-09-16 8 R Sivanithy - China weakness, US interest rate worries weigh down index; Olam volume boosts turnover to 1.34b TTSTOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index (STI) on Tuesday fell 29.53 points or one per cent to 2,841.94, a level not seen sinceSource: Bloomberg - 713 words
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Article305 2015-09-16 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 218 -1 221/216 271 213 6.7 5516.3 CapitaLand 277 -2 279/274 379 267 10.1 3.2 *****.5 CapitaMall Trust 186.5 -0.5 188.5/185 228 184.5 5.8 6472.3 CityDev 798 -20 819/794 1095 794 9.6305 words
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Article36 2015-09-16 8 VOLUME Olam Intl 222,787,200 New Silkroutes 167,518,700 Healthway Med 54,029,500 Ezra 48,617,900 StratechGroup 44,642,900 Market volume 1,445,218,000 VALUE Olam Intl 612,024,075 DBS Grp 98,564,631 Global Logistic 81,705,200 Singtel 73,590,221 UOB 47,947,971 Market value 1,498,797,00036 words
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Article107 2015-09-16 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 290 -3 845 292/289 355/287 289/290 DBXT CSI300 US$ US834 -41 48 869/830 1471/698 831/833 Nikko AM STI ETF 293 -4 47 295/293 422/288 292/293 7.1 DBXT MSBrazil US$ US258 +8 42 258/258 532/250107 words
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Article77 2015-09-16 8 Sep 15 VALUE CLOSE BT OB/OS -350.00 +28.00 BT CADI -*****.00 -67.00 BT 10-day MA -*****.00 -35.00 FTSE ST Mid Cap 661.82 -1.70 FTSE ST Small Cap 398.72 -1.74 FTSE ST All Share 683.14 -6.00 FTSE ST China Top 165.35 -1.53 FTSE ST China 200.15 -2.08 FTSE77 words
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Article, Illustration36 2015-09-16 8 STI FTSE ST All-Share FTSE ST All-Share index Sept 15, 2015 683.14 -6.00 (-0.87%) Current streak 3 days Day high 685.90 Day low 682.21 52-week high 847.98 (Apr 15, 2015) 52-week low 676.93 (Aug 24, 2015)36 words
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Article, Illustration33 2015-09-16 8 STI MSCI EAFE MSCI EAFE index Sept 14,2015 1,697.79 -7.03 (-0.41%) Current streak 3 days Day high 1,718.67 Day low 1,696.63 52-week high 1,949.49 (May 15, 2015) 52-week low 1,671.12 (Sept 4, 2015)33 words
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Article186 2015-09-16 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 4 4 0 0 0 6 4 4 Manufacturing 35 48 31 7 11 13 42 59 44 Commerce 10 24 13 7 4 2 17 28 15 Tpt/Stor/Comms 15 19 6186 words
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Article121 2015-09-16 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,054 16,054 50,770 50,770 Manufacturing 138,742 35,735 174,477 83,789 1,314 85,102 Commerce 438,506 20,811 459,317 669,840 731 670,571 Tpt/Stor/Comms 118,678 890 119,568 130,634 65 130,699 Finance 16,661 63 16,724 201,557 10 201,567 Construction 14,972 1,743121 words
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Article77 2015-09-16 8 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 67.3 0.2 *****/***** DBXT MSKorea US$ 4834 36.4 0.5 6403/4478 DBXT MSMSIA US$ 1032 36.4 2.6 1536/1000 DBXT China50 US$ 2913 21.0 0.5 4258/2750 DBXT S&P Short US$ 2266 15.4 0.5 2497/2104 BY PERCENTAGE CLOSE UP 52w high/low Infinio77 words
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Article73 2015-09-16 8 BY CENTS CLOSE DOWN 52w high/low Lyxor ThaiSET US$ ***** -213.0 -1.4 *****/***** JMH USD 4621 -145.7 -2.2 6788/4502 DBXT MSEurope US$ 5490 -121.9 -1.6 6300/5366 JSH USD 2654 -119.1 -3.1 3703/2611 DBXT E50 US$ 4650 -68.7 -1.0 5300/4562 BY PERCENTAGE CLOSE DOWN 52w high/low GlobalYellow w*****5 0.1 -87.573 words
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Article85 2015-09-16 8 VOL CLOSE($) CHANGE Next-Gen Sat 14,550.1 0.003 +0.001 +50.00 Full Apex 35.0 0.031 -0.015 -32.61 3Cnergy 10.0 0.100 -0.100 -50.00 Informatics 24,950.5 0.035 +0.004 +12.90 AliPictures HKD 2.4 1.320 +0.120 +10.00 New Wave 12,050.0 0.009 +0.002 +28.57 Ace Achieve Info 3,368.0 0.020 +0.004 +25.00 Raffles United 101.0 0.19085 words
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Article404 2015-09-16 8 Claire Huang - Compiled by Claire Huang Tigerair Buy Sept 15 close: S$0.275 Target price: S$0.32 RHB Research Institute Singapore, Sept 15 We resume coverage on Tigerair with a “buy” and S$0.32 target price (17 per cent upside), well supported by earnings recovery after four years of losses. After ridding off404 words
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424 2015-09-16 9 CURRENCIES REUTERS London THE yen rose on Tuesday after the Bank of Japan held off on expanding its stimulus programme, with governor Haruhiko Kuroda maintaining his optimism about the country’s economic outlook. The outcome was expected, but some market players had hopedREUTERS - 424 words
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FOREX RATES
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Article471 2015-09-16 9 Sep 15 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.943 4.533 0.629 5.516 47.292 102.528 0.851 8.412 3.063 1.128 74.239 33.289 0.998 9.586 0.691 23.150 25.595 0.461 0.712 Canada 1.060 4.807471 words
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Article155 2015-09-16 9 Sep 15 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9970 0.9980 0.7115 0.7120 Canadian dollar 1.0574 1.0581 0.7549 0.7546 Euro 1.5844 1.5852 1.1307 1.1309 NZ dollar 0.8839 0.8848 0.6308 0.6312 Sterling pound 2.1637 2.1649 1.5441 1.5445155 words
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Article22 2015-09-16 9 Sep 15 S$ Bid Offer 1-month 1.4027 1.4036 2-months 1.4045 1.4052 3-months 1.4058 1.4066 6-months 1.4097 1.4107 Source: OCBC22 words
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EQUITY BONDS WARRANTS FUTURES
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202 2015-09-16 9 Sep 15 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 14.4 -1.1 6110 0.1 1860 5 UOB MB eCW*****1 12.7 -1.1 4580 0.1 2080 4 KepCorp MB ePW*****1 16.3 0.8 4256 0.2 700 5202 words
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373 2015-09-16 9 In local curr In S$ In US$ dy yr dy yr dy yr Sep 14 Index Change Change Change Change Change Change World Preliminary 1230.8 -0.6 -3.5 -1.2 0.5 -0.5 -5.3 EAFE Preliminary 978.2 -0.6 -0.9 -1.1 1.5 -0.4 -4.3 Europe Preliminary 1369.7 -0.6 -0.9373 words
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Article386 2015-09-16 9 Sep 15 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep15 9377.50 9515.00 9302.50 9357.50 *****3 *****7 Oct15 9150.00 9300.00 9100.00 9160.00 8146 ***** NIKKEI 225 INDEX FUTURES Dec15 *****.00 *****.00 *****.00 *****.00 ***** *****7 Mar16 *****.00 *****.00 *****.00 *****.00 230 311 MSCI TAIWAN386 words
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BANK RATES
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Article36 2015-09-16 9 Sep 15 1 mth 1 mth 1.***** 2 mths 3 mths 1.***** 6 mths 1.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 1.***** 3 mths 1.***** 6 mths 1.***** Source: Thomson Reuters36 words
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Article154 2015-09-16 9 Sep 15 $S Offer Bid 0vernight 0.1 Par 1-month 1.0 0.875 2-months 1.0625 0.9375 3-months 1.125 1.0 Overnight mode: 0.28 US$ Offer Bid 7 days 0.22 0.12 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 0.80 0.60 12154 words
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Article73 2015-09-16 9 GOwLKNMtNI fiONOS 'W M 1- WS1 |9||£ uUIjiih (vM'IhIIV larf> r SCM> ivilf (%> atIon t. 7.YCaf N*****02 7.375 til Apr If mi tin Wear NS1MOOS' 1)1 M 70 vs ,/a tr ?H.MO 1C 1 veai N*1i1U3t i 9ft 01-J1IIK25 its? 15 I’M! NZioioor 2,875 m-sen-so Jw ’Oywi73 words
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AGRI METALS ENERGY
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Article193 2015-09-16 9 Sep-14 Price Net change change Last Trade Agricultural Sep-14 CBOT Soybeans (US cents/bu) 882.75 -5.00 -0.56% 14/09/2015 CBOT Soybean Oil (US cents/lb) 26.89 0.31 1.17% 14/09/2015 CBOT Wheat (US cents/bu) 485.75 10.25 2.16% 14/09/2015 Sep-14 LIFFE Cocoa (£/tonne) 2202.00 30.00 1.38% 15/09/2015 LIFFE Coffee (US$/tonne) 1582.00 39.00 2.53%193 words
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Article57 2015-09-16 9 Sep 15 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 15 2050.0 2050.0 2050.0 2050.0 26 636 Oct 15 2130.0 2107.0 2130.0 2100.0 1027 8417 Nov 15 2201.0 2148.0 2207.0 2146.0 ***** ***** Dec 15 2250.0 2192.057 words
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442 2015-09-16 10 Kalpana Rashiwala - The property giant has an 80% stake in a joint venture with Thien Duc to develop a high-end residential project By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore ANNOUNCING its seventh residential project in Vietnam, CapitaLand said on Tuesday that its fully-owned unit CapitaLand (Vietnam)442 words
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Article, Illustration558 2015-09-16 10 Samuel Ee - By Samuel Ee samuelee@sph.com.sg Singapore THE Prime group of vehicle-related companies has branched out into the lucrative fuel card business with Shell in Singapore and plans to expand into the region. Prime chairman Neo Nam Heng partnered the oil giant in 2012. AsPHOTO: SHAWN TEO - 558 words
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523 2015-09-16 10 Mindy Tan - BY Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore ASIA’S heavy dependence on letters of credit to finance trade leaves significant unmet needs especially among small and medium-sized enterprises (SMEs), according to the latest report by Milken Institute. The Asian Development Bank (ADB) has, for523 words
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CORPORATE DIGEST
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Article70 2015-09-16 10 IN August, Singapore Airlines’ system-wide passenger carriage (measured in revenue passenger kilometres) edged up 0.8 per cent year-on-year, while capacity was scaled back 2.1 per cent. This bumped passenger load factor (PLF) up 2.5 percentage points to 85.6 per cent. Regional wing SilkAir’s system-wide passenger carriage expanded 16.770 words
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Article37 2015-09-16 10 Technics Oil Gas TECHNICS Oil Gas’ subsidiary has been awarded a S$70.5 million contract from a Malaysia-based customer to build a liftboat, its biggest contract this year. The liftboat is expected to be delivered within two years.37 words
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Article85 2015-09-16 10 ROTARY Engineering on Tuesday said it is fighting a lawsuit in the High Court of Singapore. The suit is by Kioumji Eslim Law Firm from Bahrain and another plaintiff, and is against the company and two of its officers. The plaintiffs have claimed for, among other things, damages85 words
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Article1816 2015-09-16 11 Transaction date: Sep 15 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last 35.2 15.2 A-Sonic Aero Vol Day Div GrYld Net MCap 153 131.5 AIMSAMP Cap Reit 134.5 -0.5 694 135.5 133 1 8.2 853 LOW 1831,816 words
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Article425 2015-09-16 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol 1 0.3 t Advanced Systems 0.5 unch 100 0.5 0.5 13.2 High Day LOW Div C'vr GrYld Net P/E MCap 28.5 16.3 t Asiatravel.com 10 58.5 32425 words
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Article128 2015-09-16 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last sale vol 4258 2750 DBXT China50 US$ US2913 +15 4 2913 2901 8 High 532 250 DBXT MSBrazil US$ US258 +8 42 258 258 1750 1151 DBXT MSCHINA US$128 words
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Page 6 Advertisements
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Advertisement340 2015-09-16 6 7th BUSINESSEXCELLENCE GLOBALCONFERENCE FUTURE-PROOFING YOUR ORGANISATION 13 14 October 2015 Resorts World Sentosa, West Ballroom The Business Excellence (BE) initiative provides organisations with a roadmap for excellence. It helps organisations to strengthen their management systems and processes for high performance through adopting the business excellence framework. The line-up of distinguished340 words
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Advertisement249 2015-09-16 6 InvestorRelationsHighlights Otto Marine secured two long-term charter contracts for US$25.2 million Otto Marine announced on 3 September 2015 that it has entered into long-term charter contracts for two 16,000bhp large Anchor Handling Tugs Supply (“AHTS”) vessels with a large Oil and Gas company, worth approximately US$25.2 million. In August 2015,249 words
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Advertisement60 2015-09-16 6 BuildTech Mandalay 2016 Mandalay's Leading Building Technology and Supply Event 20-22 JANUARY 2016 Mandalay City Hall, Myanmar 10am-6pm (20-21 Jan) 110am-5pm (22 Jan) Mandalay’s FIRST Building Construction Trade Exhibition! DISCOVER MARKET OPPORTUNITIES! ■0 I re try L. PREMIUM SPACES AVAILABLE! Contact us today at btmandalay@sph.com.sg or call +65 6319 403760 words
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Page 7 Advertisements
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Advertisement150 2015-09-16 7 Live Lif I i ke a wel I ness be Immerse yourself in the Ascott Lifestyle and live as you always have; just bigger, better and bolder. If fitness is your priority, you will find that keeping to your favourite exercise regime is as easy as 1-2-3 your body will150 words
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Page 10 Advertisements
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Advertisement625 2015-09-16 10 A TLV TLV HOLDINGS LIMITED (Company Registration No. *****6542C) (Incorporated in the Republic of Singapore on 22 June 2015) Placement of 76,459,000 Placement Shares comprising 70,777,000 New Shares and 5,682,000 Vendor Shares at SS0.22 for each Placement Share, payable in full on application The Board of Directors of TLV Holdings625 words
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Page 11 Advertisements
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Advertisement71 2015-09-16 11 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!71 words
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REAL ESTATE
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Article, Illustration417 2015-09-16 12 Nisha Ramchandani - Properties in Singapore, Australia, and Myanmar to be upgraded By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE Pan Pacific Hotels Group is conducting upgrading works at four of its owned and managed properties in the Asia Pacific including the Parkroyal on Beach Road417 words
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373 2015-09-16 12 BLOOMBERG Tokyo THE commercial property cycle has another two years to go with prices in some of the world’s largest cities set to extend gains, underpinned by office demand and attractive returns amid low interest rates, according toBLOOMBERG - 373 words
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Article184 2015-09-16 12 AFP Paris FRENCH group AccorHotels announced early this week it will become the first international hotel group to operate in Iran as the Islamic Republic opens up to the West following the deal on its nuclear programme. AccorHotels will open an Ibis hotel and aAFP - 184 words
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723 2015-09-16 13 Demand to hit 535,400 units in 7 cities amid govt’s ‘Housing for All by 2022’ programme BLOOMBERG Mumbai IT’S an unusual promise from a builder: Dwellings for as low as 630,000 rupees (S$13,372) in Mumbai’s far outskirts. That’s not all. AlsoBLOOMBERG - 723 words
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Article, Illustration401 2015-09-16 13 Kalpana Rashiwala - By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THREE adjoining freehold shophouses in Joo Chiat Road near its junction with Changi Road have been put up for sale by public tender. The guide price for the trio, located opposite Joo Chiat401 words
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Page 12 Advertisements
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Advertisement610 2015-09-16 12 Contact: Investment Properties Sammi Lim (CEARegNo,:R*****9J) Tel: 9368 9803/6224 8181 6 Battery Road #32-01 Singapore *****9 42 TO 46 J00 CHIAT ROAD Freehold 3 Adjoining 4-Storey with Attic Shophouses Total Site Area: Approx. 4,992 sq ft Total GFA: Approx. 14,820 sq ft Commercial with plot ratio 3, conservation Commands approx.610 words
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Page 13 Advertisements
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Advertisement314 2015-09-16 13 Wine, Dine i r* r' '■n J f> SG 50 ii-x* ■-> v •v r= 4 r<3fe; “SINGAPORE** LOVE This August and September, 10 at Claymore presents Nostalgia Plates of Pleasure, an epicurean celebration of familiar local flavours that has shaped our nation’s unique culinary landscape. Tuck into crisp and314 words
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Advertisement142 2015-09-16 13 PAYA UBI INDUSTRIAL PARK $1.50psf $350psf ONWARDS LEASE SALE 200 to 7,500 sq ft Own parking space (not inclusive in listed area) Tel: 9090 2222 Office: 53 Ubi Avenue 1 #01-11 ■:V.V.W.V.W.V.W.V.W.V.'.V.W.W.V.'.".W.V.W.V.W.V.W. r r fi t PEACH BLOSSOMS Pin if Grand Prix Imperial Dining 18 20 September 2015 Choose from142 words
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BANKING & FINANCE
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496 2015-09-16 14 New reductions likely to shrink German bank’s total workforce by almost 25% BLOOMBERG London DEUTSCHE Bank is considering cutting as many as 8,000 jobs in addition to selling a consumer-banking unit, which would shrink the total workforce almost 2 5BLOOMBERG - 496 words
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262 2015-09-16 14 AFP Shanghai CHINA says it is cracking down on thousands of stock accounts linked to illegal trading, in its latest bid to restore order to markets pummelled by a rout that has wiped trillions off valuations in the country since June. The ChinaAFP - 262 words
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464 2015-09-16 14 BLOOMBERG Mexico City CITIGROUP Inc is losing its long-estab-lished ranking as the second-biggest lender in Mexico as two Spanish banks step up to fill the void. The lender’s Mexico unit, known as Banamex, lost its No 2BLOOMBERG - 464 words
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Page 14 Advertisements
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Advertisement12 2015-09-16 14 NOTICES TOLL FREE 1800 -289-8822 I Email notices@sph.com.sg I w w w.sphclass.com.sg/notices12 words
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Advertisement160 2015-09-16 14 A Celebrity Appearance By Rana Daggubati Of "Bahubali" Fame INTERNATIONAL INDIAN SHOPPING on 26th September SUNTEC CONVENTION CENTRE, Hall 403 404 24 th 27 th SEPTEMBER 2015 Time: 10am to 10pm FREE ENTRY Catch your favourite Vasantham artistes and Oli DJs in action on 26 September at 4pm MORE ATTRACTIONS160 words
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ENERGY & COMMODITIES
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Article, Illustration577 2015-09-16 15 Fund managers are steadily adding to bullish bets on crude oil REUTERS London CAUTIOUS oil market bulls are stirring, sensing higher prices for future months after a first whisper that the glut may be set to slowly shrink. The International Energy AgencyREUTERS; FILE PHOTO - 577 words
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Article, Illustration391 2015-09-16 15 China took part in the talks with Iran that yielded the nuclear agreement in July AFP Beijing THE foreign ministers of Iran and China a major buyer of Iranian oil signalled Tuesday that their countries will forge closer economic tiesAFP; PHOTO: AFP - 391 words
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372 2015-09-16 15 REUTERS Rio de Janeiro MURILO FERREIRA will take a leave of absence as chairman of state-run oil firm Petrobras, turning his full attention to his job as chief executive officer of Vale SA as the mining company grapples with a downturn in theREUTERS - 372 words
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Page 15 Advertisements
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Advertisement1917 2015-09-16 15 Voluntary Conditional Cash Offer by SOUTHSHORE PTE. LTD. (Company Registration No.: *****0037K) (Incorporated in the Republic of Singapore) to acquire all the issued and paid-up ordinary shares (excluding treasury shares) in the capital of CHOSEN HOLDINGS LIMITED (Company Registration No.: *****4325C) (Incorporated in the Republic of Singapore) other than those1,917 words
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TECHNOLOGY
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623 2015-09-16 16 Entrepreneur First aims to get ahead of its US peers by catching technical talents before they even know what to build BLOOMBERG London ENTREPRENEUR First, a London-based sparring group for startup companies, seeks to get ahead of its USBLOOMBERG - 623 words
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Article, Illustration452 2015-09-16 16 BLOOMBERG San Francisco APPLE Inc is predicting initial sales of its new iPhone models will top last year’s opening-weekend record, thanks largely to demand in China. Pre-orders for iPhone 6s and 6s Plus were “very strong” and sales areBLOOMBERG; PHOTO: REUTERS - 452 words
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301 2015-09-16 16 BLOOMBERG Paris UK luxury-goods maker Burberry Group plc introduced a channel on Apple Inc’s music service in the latest example of the fashion and technology industries coming together. The channel will showcase Burberry’s collaborations with emerging and iconic British talent includingBLOOMBERG - 301 words
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385 2015-09-16 16 AFP New York GENERAL Electric (GE) launched a digital division on Monday that it hopes will propel the US industrial conglomerate into the top ranks of the software industry. As the company sheds financial assets to focus on its coreAFP - 385 words
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261 2015-09-16 16 AFP Tokyo COMPUTERS do not noticeably improve school pupils’ academic results and can even hamper performance, an OECD report said on Tuesday that looked at the impact of technology in classrooms across the globe. While almost three quarters of pupils in the countries surveyedAFP - 261 words
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Page 16 Advertisements
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Advertisement185 2015-09-16 16 Key Learning Points Date: 24th Oct 2015 (Sat Time: 9.00am 5.00pm (Registration starts at 8.30am) Venue: Suntec Singapore Convention Exhibition Centre Level 3 1 Raffles Boulevard, Suntec City, Singapore *****3 Learn Simple and Powerful Trading Strategies that you can use right away Uncover the 3 Keys to Mastering Forex Fundamentals185 words
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Advertisement66 2015-09-16 16 ORGANISED BY THE STRAITS TIMES AND ARTSCIENCE MUSEUM™ THE STRAITS TIMES SINGAPORE 1845 I CELEBRATING 170 YEARS THEN NOW TOMORROW N I SINGAPORE STORIES THEN NOW TOMORROW Experience Singapore’s beginnings, struggles and triumphs through the lens of The Straits Times. Catch the Singapore STories exhibition now on at the ArtScience66 words
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Advertisement22 2015-09-16 16 BIRD’S EYE VIEW OF TENDER JOBS Check out the most comprehensive collection of tender notices in The Straits Times Notices. 14/myj jun22 words
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CONSUMER
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Article, Illustration745 2015-09-16 17 Strategy has been a success as falling yen has made Japanese products cheaper for some importers BLOOMBERG Tokyo THE country that gave the world sushi now finds itself with too much fish. Demand for seafood has been dropping inBLOOMBERG; PHOTO: BLOOMBERG - 745 words
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496 2015-09-16 17 it.” BLOOMBERG New York ORGANISED crime rings are increasingly targeting US retailers, leading to thefts of everything from gift cards and mobile phones to teeth-whiten-ing strips. In a survey released by the National Retail Federation on Tuesday, 97 per cent ofit.” BLOOMBERG - 496 words
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Page 17 Advertisements
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Advertisement1924 2015-09-16 17 NOTICES TOLL FREE 1800 289 8822 I E ma il no ti ces s p h com s g I www s p h c l ass com s g no ti ces IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MMF PTE. LTD.1,924 words
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GOVERNMENT & ECONOMY
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Article, Illustration596 2015-09-16 18 Pauline Ng - RM80m will go into promoting Malaysia as a destination; existing landmarks to be spruced up, new ones developed By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA’S tourism sector received a considerable shot in the arm from stimulus measures unveiled on Monday, including an additional RM80SPH FILE PHOTO - 596 words
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Article, Illustration714 2015-09-16 18 People smugglers were motivated by revenge for crackdown on their trade through Thailand AFP Bangkok THAILAND’S police chief on Tuesday linked the recent Bangkok bomb blast to China’s Uighurs for the first time, as the lawyer for one of two detained foreignAFP - 714 words
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370 2015-09-16 18 AFP Tokyo JAPAN on Tuesday promised Vietnam ships to strengthen its forces in the South China Sea, with the two nations describing large-scale land reclamation there as a threat to peace a veiled reference to China. Prime Minister Shinzo AbeAFP - 370 words
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754 2015-09-16 18 BLOOMBERG Seoul NORTH Korea has said it is ready to use nuclear weapons against the US at any time and that its main nuclear facility was fully operational, allowing the country to improve both the quality and the quantity of its nuclearBLOOMBERG - 754 words
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Article, Illustration810 2015-09-16 19 Govt formation could delay moves required by creditors in exchange for emergency loans BLOOMBERG Athens ALEXIS Tsipras told Greek voters that forming a grand coalition with his arch-rivals would be “unnatural” and that a refusal to do so won’t stoke further politicalBLOOMBERG; PHOTO: REUTERS - 810 words
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Article, Illustration446 2015-09-16 19 BLOOMBERG London INFLATION in the United Kingdom returned to zero in August, driven down by the cost of motor fuel and clothing. A measure of core price pressures also eased. Consumer prices were unchanged compared with a year earlier following a 0.1 perBLOOMBERG - 446 words
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415 2015-09-16 19 REUTERS Vienna AN upcoming rescue of Greek banks, set to be largely financed with public money, should not be seen as a template for the future because Greek lenders were taken “hostage” by a debt-laden government, the head of theREUTERS - 415 words
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291 2015-09-16 19 REUTERS New Delhi SRI Lanka hopes to hammer out an economic partnership deal with India this year, Prime Minister Ranil Wickremesinghe said on Tuesday, seeking to strengthen the island’s ties with its big neighbour and reduce its dependency onREUTERS - 291 words
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396 2015-09-16 19 AFP Berlin INVESTOR sentiment in Germany slumped in September over concerns that sharply slowing growth in emerging markets would hurt the vital export sector of Europe’s top economy, a leading survey said on Tuesday. The widely watched investor confidence index calculated by theAFP - 396 words
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Advertisement92 2015-09-16 19 Beef Up Your Finances Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your IPOs other offerings NOTICES NOTICE OF INTENTION TO DECLARE DIVIDEND Name of Company SCA Services Pte. Ltd. (In Creditors’ Voluntary Liquidation) (Co. Reg. No. *****3613D) Address of Registered Office 21 Merchant Road #05-01 Singapore *****7 Last92 words
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TRANSPORT
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1042 2015-09-16 20 DAVID HUGHES - The crew of Norwegian Cruise Lines’ Norwegian Jewel tick the boxes on safety, hygiene and professionalism. A good time was had by all on a recent cruise to Alaska STRAIT TALK BY DAVID HUGHES AFTER an incredibly relaxing week spent cruising to Alaska1,042 words
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Article, Illustration1348 2015-09-16 20 NYT New York THE merger of Continental Airlines and United Airlines in 2010 was supposed to combine Continental’s reputation for solid customer service with the broader reach of United’s domestic and international network. Instead, the five-year-old marriage has turned into an exercise inNYT; PHOTO: AFP - 1,348 words
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Article, Illustration726 2015-09-16 20 NYT New York EVER since Tesla’s Model S went on sale in 2012, the startup automaker has had the market for high-end electric cars to itself. But that is changing as other automakers start to introduce their own models. On Monday, at theNYT; PHOTO: REUTERS - 726 words
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Article1920 2015-09-16 22 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN BTM PKL KUC KK JKT CALMY CORAL 092 60 27/9 28/9 NOBLE SW 1 60 1/10 3/10 SEA CORAL 73 601,920 words
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Page 21 Advertisements
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Advertisement98 2015-09-16 21 Big Jubilee Fun BiggerWalk BiggestGoodieBag Be part of the SG50 celebrations and walk away with GOODIES WORTH $880, including a commemorative medal, a limited edition T-shirt, spa and beauty treats Relive the past, appreciate the present, relish the future Be one with Singapore, walk as one, be part of the98 words
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Page 22 Advertisements
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Advertisement103 2015-09-16 22 Experienced Sh/p maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 SHIPPING TIMES Make A Splash In The Maritime World Via s|5i3tinaritime.coM Ahoy there! If you are in a business pertaining to any sector of the maritime industry,103 words
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INVESTMENT ROUNDTABLE
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Article, Illustration3869 2015-09-16 23 Four economists look at what may happen when the Fed raises its rates this year amid the current global market turmoil NO one can say they weren't warned. A year ago IMF managing director Christine Lagarde said financial markets were “flying too close to3,869 words
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OPINION
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546 2015-09-16 24 EDITORIAL TWO visions have competed for influence during the globalisation era. One embraces the principles of free markets, free trade and free immigration, of creating a more peaceful and prosperous world in which conflicts between ethnic groups, religions and nations546 words
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Article, Illustration839 2015-09-16 24 Robert Samuelson - THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP AMID all the new government programmes and tax cuts that have been proposed by the various US presidential candidates or will be as the campaign unfolds there lurks a nasty statistic thatTHE WASHINGTON POST WRITERS GROUP - 839 words
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Article, Illustration1193 2015-09-16 24 MARCUS LOH - The 2015 General Election has been a lesson for those who believe in the power of communication and brand strategy. BY MARCUS LOH BY MARCUS LOH T The writer leads public and analyst relations in Asia-Pacific for Tableau, an NYSE-listed US data analytics firm, and servesPHOTO: REUTERS - 1,193 words
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859 2015-09-16 25 Michael Heise - COMMENTARY By Michael Heise T The writer is chief economist at Allianz SE THE debate about whether Greece should leave the eurozone has revived the idea that Germany, and other similarly strong economies, would best serve the rest of the continent859 words
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Article, Illustration690 2015-09-16 25 David Marsh - By David Marsh T The writer is managing director of the Official Monetary and Financial Institutions Forum OMFIF THE record US$94 billion fall in China’s foreign exchange reserves in August a larger amount than the official currency holdings of the UK or Canada hasOMFIF; PHOTO: AFP - 690 words
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Article, Illustration1006 2015-09-16 25 ASIT K BISWAS, KRIS HARTLEY - The government has responded swiftly but long-standing deficiencies in institutional strength and governance capacity persist. BY ASIT K BISWAS AND KRIS HARTLEY BY ASIT K BISWAS, KRIS HARTLEY T The writers are respectively Distinguished visiting Professor at the Lee Kuan Yew School ofPHOTO: AFP - 1,006 words
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LIFE & CULTURE
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Article, Illustration1194 2015-09-16 26 The island’s first professional dance company on Wednesday opens Next Wave Festival in New York with US premiere of its 2013 work, Rice CLOUD GATE DANCE THEATER NYT Taipei City MOST people in Taiwan are probably aware of the island’s pre-eminent performance group,NYT; SPH FILE PHOTOS - 1,194 words
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Article, Illustration736 2015-09-16 26 Designers Jeremy Scott, Carolina Herrera entertain and disrupt with their creations NYT New York IS Jeremy Scott the Donald Trump of American fashion? Not in terms of politics definitely not in terms of politics but in terms of positioning? Scott, after all, is anNYT; PHOTO: NYT - 736 words
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Page 26 Miscellaneous
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Miscellaneous297 2015-09-16 26 CRYPTIC CROSSWORD Across 7 Change name in secret (7) 9 Circular meadow left mowed (7) 10 Stop men finding female sorcerer’s home (5) 11 New doctrine, Eastern, not understood by many (9) 12 Plain sailing? Right on! (15) 13 One villain after power in a boat (7) 16 Circle with297 words
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EXECUTIVE MONEY
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Article, Illustration1402 2015-09-16 28 Wall Street fixes its gaze on the US Federal Reserve, which could, on Thursday, increase interest rates for the first time in more than 9 years NYT New York THE moment that Wall Street has long been dreading could happen this week. TheNYT; PHOTO: AFP - 1,402 words
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907 2015-09-16 28 Genevieve Cua - By Genevieve Cua gen@sph.com.sg @GenCuaBT FIXED income assets are typically vulnerable to interest rate rises, but there is one segment that is actually almost impervious to it. Investments in bank loans, which are part of the leveraged loan907 words
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459 2015-09-16 27 GLOBAL mutual funds continued to sell more Singapore stocks than they bought in the three months to Sept 9. Based on transactions in the top five stocks, net sells came to a total of S$ 1.18 billion, compared to net buys of S$851.6 million.459 words
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795 2015-09-16 27 Eschewing traditional banks, strapped borrowers are getting loans from lenders who operate mostly online and offer easier terms but who also exhibit troubling traits NYT New York SILICON Valley has helped enhance just about every aspect of modern life. Naturally, MohammadNYT - 795 words
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Article, Illustration784 2015-09-16 27 IWAN BROUWER - Value can be added by adapting to market behaviour.BY FUND MANAGER’S TAKE behaviour.BY IWAN BROUWER THE popularity of multi-asset solutions is clearly seen by the significant inflows finding their way into the sector. However, diversified multi-asset approaches should be considered throughout aPHOTO: AFP - 784 words
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Article, Illustration495 2015-09-16 27 NN Investment Partners is the asset manager of NN Group NV, a publicly traded corporation headquartered in The Hague, The Netherlands. NN Investment Partners manages approximately 184 billion euros (US$206 billion) in assets as at end June 2015 for institutions and individual investors worldwide.495 words
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Page 28 Advertisements
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Advertisement22 2015-09-16 28 ON THE RADAR Sells outpace buys in S’pore stocks /27 VIRTUAL LENDERS Pitfalls for the unwary in US on banking’s frontier /2722 words
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