The Business Times, 17 May 2016
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2016-05-17
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The Business Times
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Title Section22 2016-05-17 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 039/08/2015 Tuesday, May 17, 201622 words
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Article167 2016-05-17 1 After surging to an eight-month high in March, developers’ sales of private homes eased last month. what piqued most analysts, however, is the broad-based demand for existing projects rather than the take-up for new launches in April. TOP STORIES 2 Ending weeks of silence, Jeremy Yee, who abruptly167 words
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Article26 2016-05-17 1 Monday Change STI 2,736.06 +1.15 KL Comp 1,621.21 -7.05 Nikkei 225 16,466.40 +54.19 Hang Seng 19,883.95 +164.66 Shenzhen B 1,055.26 +2.34 Dow(11.45am EDT) 17,677.70 +142.3826 words
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871 2016-05-17 1 Nisha Ramchandani - Value Alliance aims to boost connecting traffic, make booking easier with common booking platform across more than 160 Asia-Pacific destinations By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore IN the first-ever cross-border pact among low cost carriers (LCCs), eight competing Asian budget871 words
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Article, Illustration1067 2016-05-17 1 Melissa Tan - By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore A CONSORTIUM led by a UOB-backed fund, a Temasek Holdings unit and Eu Yan Sang International’s group chief executive officer Richard Eu has launched a takeover bid for the well known traditional Chinese medicine retailer, potentiallySource: Bloomberg; FILE PHOTO - 1,067 words
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Page 1 Advertisements
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Advertisement51 2016-05-17 1 *****1 *****1 m. THE BUSINESS TIMES 40TH ANNIVERSARY Region’s private-banking industry shifting towards fee-based model: BOS BANKING FINANCE 14 OYSTER PERPETUAL 39 ROLEX m m EMPEROR WATCH AND JEWELLERY THE SHOPPING GALLERY AT THE HILTON, #01-03/04. TEL: 6737 2896 WISMA ATRIA, #02-40/41-44, TEL: 6694 5712 WATCH FEATURED SUBJECT TO STOCK51 words
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Advertisement16 2016-05-17 1 PANEL ON FUTURE ECONOMY Iswaran as co-chair, Chan Chun Sing made deputy chair TOP STORIES 416 words
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Advertisement28 2016-05-17 1 TOP-LEVEL MEETINGS PM Lee’s first bilateral visit to Russia TOP STORIES 4 MYSTERY RALLY Traders puzzled by rally in stocks linked to 2013 penny crash COMPANIES MARKETS 728 words
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TOP STORIES
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1262 2016-05-17 2 Kalpana Rashiwala - Pull-back from March’s 8-month high sees 745 units sold; existing projects fare better than new launches By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore AFTER surging to an eight-month high in March, developers’ sales of private homes eased last month. What piqued most analysts, however,1,262 words
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Article, Illustration710 2016-05-17 2 Siow Li Sen - Demand for bonds issued by Manulife Financial Corp and Mapletree Logistics Trust send their prices falling By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE demand for local bonds is relentless, even after a gangbuster last week. On Monday,Source: SGX - 710 words
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Article, Illustration808 2016-05-17 2 Virginie Mangin - By Virginie Mangin btworld@sph.com.sg Beijing CREDIT surged in the first quarter, with new loans up more than 25 per cent, as the government looks to shore up growth. It’s an old recipe which could lead to a debt crisisPHOTO: AFP - 808 words
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Article, Illustration378 2016-05-17 4 Soon Weilun - Labour chief Chan Chun Sing appointed panel’s deputy chairman By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore FOLLOWING appointment changes at the Finance Ministry, changes will also be made to the Committee on the Future Economy (CFE) as Heng Swee Keat378 words
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342 2016-05-17 4 J Lossini - By J Lossini jlossini@sph.com.sg Singapore AMID escalating cyber incidents worldwide, Nanyang Technological University (NTU) has collaborated with industry players to launch the Cyber Risk Management (CyRiM) Project in an effort to enhance the nation’s cyber security. The three-year-long initiative, which was launched on342 words
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Article, Illustration632 2016-05-17 4 Lee U-Wen - After meetings with Moscow leaders, he will head for Sochi for a special summit between Russia and Asean By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore PRIME Minister Lee Hsien Loong is on a four-day working visit to Russia from Tuesday, a trip thatPHOTO: JOYCE FANG/THE STRAITS TIMES - 632 words
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Article, Illustration568 2016-05-17 4 BLOOMBERG London THE global oil market has flipped to a deficit sooner than Goldman Sachs Group Inc had expected. A decline in production driven by unexpected supply disruptions as well as sustained demand have led to a “sudden halt”BLOOMBERG; PHOTO: REUTERS - 568 words
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Article, Illustration500 2016-05-17 4 Jacquelyn cheok - By Jacquelyn cheok jaccheok@sph.com.sg @JacCheokBT Singapore FINANCIAL technology (fintech) continues to gain investor interest, with 10 fintech startups reported on Monday to have received funding. The first, Mesitis, is a Singa-pore-based wealth technology company that has raised US$2.35 million by issuingFILE PHOTOS - 500 words
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Article, Illustration738 2016-05-17 5 Anthony Rowley - Most leaders of the group have agreed on need to deploy increased stimulus, says Abe By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN appears set to go into this weekend’s summit of G-7 finance ministers and central bank governors in thePHOTO: AFP - 738 words
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417 2016-05-17 5 Renald Yeo - By Renald Yeo yrenald@sph.com.sg Singapore LOCAL professionals, managers, executives and technicians (PMETs) looking to make a mid-career switch will now have a new avenue to do so, as job vacancies and active recruitment signal a healthy417 words
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Page 5 Advertisements
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Advertisement261 2016-05-17 5 SID PROFESSIONAL DEVELOPMENT SERIES Of Enron, Entanglement Enlightenment Behind the Enron Scandal by Enron’s former CFO, Mr Andrew Fastow The accounting fraud and consequent collapse of Enron, the seventh largest US company in 2001, created shockwaves around the world, and resulted in massive changes in accounting rules and corporate governance261 words
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Advertisement66 2016-05-17 5 Have a question? Let ST's correspondents provide the answers Send your questions to askst@sph.com.sg THE STRAITS TIMES 9 6 askSjl www.straitstimes.com/askst ABc m < n Wo 4 I How can A J I capture V that winning shot? Neo Xiaobin Executive Photojournalist What is the difference between conservation and preservation?66 words
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COMPANIES & MARKETS
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Article, Illustration564 2016-05-17 6 Anita Gabriel - He says he was not given option to renegotiate contract but was told to either resign or face termination By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore ENDING weeks of silence, Jeremy Yee, who abruptly vacated his seat in March as chief executive of564 words
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442 2016-05-17 6 BLOOMBERG Singapore BOC Aviation Ltd, the aircraft leasing unit of Bank of China Ltd, attracted investors including Boeing Co and China’s sovereign wealth fund to buy shares in its US$ 1.1 billion initial public offering in Hong Kong. China InvestmentBLOOMBERG - 442 words
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650 2016-05-17 6 David Fickling - COMMENTARY By David Fickling Sydney THERE’S a simple rule for making money out of initial public offerings: Try to be the smart insider selling, not the uninformed outsider buying. That’s worth bearing in mind before piling into the US$1.1 billion sale of650 words
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932 2016-05-17 7 ANDREA SOH - HOCK LOCK SIEW BY ANDREA SOH INVESTORS in Sembcorp Industries have suffered a nervewrecking roller-coaster ride in the past year as the global oil rout takes its toll on players in the offshore and marine (O&M) industry, with shares in the company932 words
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772 2016-05-17 7 Kenneth Lim - Three of them Annica, Blumont and LionGold draw trading queries from the Singapore Exchange By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore A NUMBER of penny stocks linked to the 2013 penny stock crash saw their share prices jump on Monday772 words
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545 2016-05-17 7 Angela Tan - By Angela Tan angelat@sph.com.sg Singapore SOUTH Korean bulk carrier Pan Ocean Co Ltd reported on Monday that its net profit for the first quarter ended March 31, 2016, fell 39.6 per cent to US$61.4 million, from545 words
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Article, Illustration63 2016-05-17 8 STI Catalist Straits Times Index May 16,2016 2,736.06 +1.15 (+0.04%) Current streak 1 day Day high 2,741.84 Day low 2,721.70 52-week high 3,460.85 (May 25, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index May 16,2016 433.31 +1.93 (+0.45%) Current streak 1 day Day high 436.59 Day low63 words
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Article, Illustration642 2016-05-17 8 R Sivanithy - Brokers find sudden burst of activity in speculative small caps, including Attilan, LionGold and Blumont, puzzling STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT INTEREST in blue chips has dipped sharply over the past few weeks but although dollar volume on Monday was stillSource: Bloomberg - 642 words
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Article304 2016-05-17 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 234 unch 235/232 255 209 6.6 6166.6 CapitaCom Trust 138.5 unch 139.5/137.5 166.5 122.5 6.2 4094.5 CapitaLand 299 -2 301/297 367 267 12 3 ***** CapitaMall Trust 206 +1 207/203 224 184.5304 words
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Article35 2016-05-17 8 VOLUME Annica 556,653,900 LionGold 259,955,700 Cedar Strategic 239,663,200 Attilan 193,433,900 Magnus Energy 122,448,300 Market volume 3,175,336,000 VALUE ThaiBev 69,424,284 Singtel 57,855,807 DBS Grp 45,101,655 Wilmar Intl 45,082,373 Genting Sing 43,485,795 Market value 881,491,00035 words
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Article107 2016-05-17 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 279 197 280/277 351/254 278/279 DBXT MSRussia US$ US200 +5 120 200/195 235/129 199/200 DBXT MSASPAC US$ US336 +1 17 336/336 404/301 334/335 5.7 DBXT MSTaiwan US$ US1826 +4 16 1835/1822 2354/1667 1830/1835 10.3107 words
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Article77 2016-05-17 8 May 16 VALUE CLOSE BT OB/OS -635.00 +27.00 BT CADI -*****.00 -26.00 BT 10-day MA -*****.00 -64.00 FTSE ST Mid Cap 670.98 -0.69 FTSE ST Small Cap 388.22 -1.23 FTSE ST All Share 670.90 -0.37 FTSE ST China Top 158.04 -0.98 FTSE ST China 186.26 -0.63 FTSE77 words
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Article76 2016-05-17 8 BY CENTS CLOSE UP 52w high/low DBXT AUDBonds AU$ ***** 323.2 1.5 *****/***** DBXT MSJAP US$ 4675 76.6 1.2 5251/4031 GLD US$ ***** 65.7 0.4 *****/***** IS MS INDIA S$D 930 30.0 3.3 1100/807 IS ASIA BND S$D 1477 28.0 1.9 1483/1403 BY PERCENTAGE CLOSE UP 52w high/low Jadason76 words
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Article, Illustration35 2016-05-17 8 STI FTSE ST All-Share FTSE ST All-Share index May 16,2016 670.90 -0.37 (-0.06%) Current streak 2 days Day high 672.34 Day low 668.52 52-week high 830.71 (May 25, 2015) 52-week low 625.37 (Jan 21, 2016)35 words
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Article, Illustration33 2016-05-17 8 STI MSCI EAFE MSCI EAFE Index May 13,2016 1,631.71 -13.84 (-0.84%) Current streak 2 days Day high 1,642.22 Day low 1,622.21 52-week high 1,948.41 (May 21, 2015) 52-week low 1,492.43 (Feb 12, 2016)33 words
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Article186 2016-05-17 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 8 3 0 1 0 3 9 3 Manufacturing 30 37 29 10 13 11 40 50 40 Commerce 21 22 10 5 5 5 26 27 15 Tpt/Stor/Comms 12 14 7186 words
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Article125 2016-05-17 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,117 868 15,985 47,534 155 47,689 Manufacturing 180,856 1,113,696 1,294,552 148,735 5,198 153,933 Commerce 161,836 87,943 249,779 67,731 1,572 69,303 Tpt/Stor/Comms 111,779 303 112,082 157,759 26 157,785 Finance 61,921 451 62,372 107,879 68 107,947 Construction125 words
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Article77 2016-05-17 8 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -311.9 -1.1 *****/***** DBXT E50 US$ 4396 -161.4 -2.6 5300/3968 DBXT MSEurope US$ 5270 -79.3 -1.1 6300/4770 DBXT Nifty US$ ***** -76.6 -0.5 *****/***** JMH USD 5388 -62.9 -0.8 6272/4500 BY PERCENTAGE CLOSE DOWN 52w high/low Epicentre 4.4 -48.277 words
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Article77 2016-05-17 8 VOL CLOSE($) CHANGE Jadason 77,656.1 0.041 +0.028 +215.39 Attilan 193,433.9 0.015 +0.010 +200.00 Blumont 54,719.1 0.003 +0.002 +200.00 Atlantic Nav 5.0 0.320 +0.095 +42.22 Sitra 21,990.9 0.012 +0.003 +33.33 HuanHsin 2,674.9 0.011 +0.003 +37.50 Mercurius 18,108.6 0.009 +0.002 +28.57 LifeBrandz 3,746.9 0.004 +0.002 +100.00 Edition 7,514.7 0.012 +0.00277 words
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BROKERS’ TAKE
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Article90 2016-05-17 8 Jumbo Group Buy May 16 close: S$0.465 Target price: S$0.62 Maybank-Kim Eng Research, May 16 Q2 2016 beat our expectations. We raise FY16E EPS (earnings per share) by 6 per cent. As expected, China was the biggest driver, with revenue up 94 per cent and all three Shanghai outlets operating90 words
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Article108 2016-05-17 8 Singapore Airlines Buy May 16 close: S$10.80 Target price: S$12.50 DBS Group Research, May 13 We continue to like Singapore Airlines as a beneficiary of the current low oil price environment. SIA Group is projected to consume over 40 million barrels of jet fuel per year and with jet fuel108 words
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Article197 2016-05-17 8 Jamie Lee - Thai Beverage Add Compiled by Jamie Lee May 13 close: S$0.83 Target price: S$0.92 CIMB Research, May 13 We raise our estimates by 14-17 per cent mostly on beer and spirits. The two main surprises in Q1 were beer profitability (as sales trend up) and spirits volume (which is a197 words
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416 2016-05-17 9 CURRENCIES REUTERS London THE yen fell on Monday as Japan, readying to host a Group of Seven meeting, again signalled its willingness to intervene in the market, driving the currency to erase early gains made on disappointing Chinese data. Vice-Finance Minister forREUTERS - 416 words
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FOREX RATES
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Article471 2016-05-17 9 May 16 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.942 4.757 0.644 5.661 48.661 97.100 0.793 8.573 2.936 1.074 76.356 33.877 0.998 11.272 0.712 23.805 25.808 0.508 0.729 Canada 1.062 5.051471 words
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Article155 2016-05-17 9 May 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9974 0.9980 0.7291 0.7294 Canadian dollar 1.0592 1.0595 0.7744 0.7743 Euro 1.5478 1.5485 1.1314 1.1318 NZ dollar 0.9286 0.9291 0.6788 0.6791 Sterling pound 1.9639 1.9645 1.4356 1.4358155 words
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Article22 2016-05-17 9 May 16 S$ Bid Offer 1-month 1.3685 1.3690 2-months 1.3691 1.3697 3-months 1.3697 1.3703 6-months 1.3712 1.3724 Source: OCBC22 words
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EQUITY BONDS WARRANTS FUTURES
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Article393 2016-05-17 9 May 16 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES May16 9297.50 9342.50 9237.50 9305.00 *****8 *****8 Jun16 9015.00 9070.00 8965.00 9030.00 ***** ***** NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 ***** *****8 Sep16 *****.00 *****.00 *****.00 *****.00 451 1165 MSCI TAIWAN393 words
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210 2016-05-17 9 May 16 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 7.6 unch 7140 0.1 1480 2 Secura Group W*****5 1 -0.2 4655 1 35 112 17.00 32 UOB MB eCW*****5 3.1 -0.5 3269 0.1210 words
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377 2016-05-17 9 In local curr In S$ In US$ dy yr dy yr dy yr May 13 Index Change Change Change Change Change Change World Preliminary 1244.1 -0.1 -2.6 -0.2 -4.4 -0.4 -1.2 EAFE Preliminary 931.7 -0.1 -8.1 -0.6 -8.0 -0.8 -4.9 Europe Preliminary 1322.7 0.5 -6.4377 words
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BANK RATES
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Article154 2016-05-17 9 May 16 $S Offer Bid 0vernight 0.05 0.03 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.03 US$ Offer Bid 7 days 0.45 0.35 1 month 0.48 0.38 2 months 0.65 0.45 3 months 0.75 0.55 6 months 1.05 0.85 9 months 1.25 1.05 12154 words
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Article65 2016-05-17 9 May 16 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.07 99.14 99.12 5-Year NX*****X 2.250 01-Jun-21 103.47 10-Year NX*****Z 2.375 01-Jun-25 103.66 103.70 103.60 15-Year NZ*****F 2.875 01-Sep-30 107.51 107.70 107.50 20-Year NZ*****V 3.375 01-Sep-33 114.85 114.80 114.8065 words
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AGRI METALS ENERGY
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Article250 2016-05-17 9 May-13 Price Net change change Last Trade Agricultural May-13 CBOT Soybeans (US cents/bu) 1055.00 -9.50 -0.89% 13/05/2016 CBOT Soybean Oil (US cents/lb) 32.17 -0.13 -0.40% 13/05/2016 CBOT Wheat (US cents/bu) 465.00 6.50 1.42% 13/05/2016 May-13 LIFFE Cocoa (£/tonne) 2180.00 -21.00 -0.95% 13/05/2016 LIFFE Coffee (US$/tonne) 1651.00 2.00 0.12%250 words
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327 2016-05-17 10 Tan Hwee Hwee - By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore VALLIANZ Holdings has won contracts worth up to US$210 million for the supply of 13 offshore support vessels (OSVs) to an undisclosed national oil company (NOC) in the Middle East. The OSVs will be327 words
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Article476 2016-05-17 10 Jamie Lee - To be offered from June 3, the card will widen payment choices for Singapore consumers travelling to China B y Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore BROADENING its reach into Southeast Asia, China’s UnionPay International on Monday launched with DBS a debit card that widens payment476 words
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458 2016-05-17 10 Lynette Khoo - By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore CONSTRUCTION company Lum Chang Holdings (LCH) has tied up with Bursa-listed Tien Wah Press Holdings Berhad (TWPH) through a joint venture to undertake a mixed-use development in Malaysia. This JV, in turn, has agreed to acquire458 words
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CORPORATE DIGEST
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Article67 2016-05-17 10 FRASERS Centrepoint Limited (FCL) said that SGX has issued its eligibility-to-list (ETL) letter for the proposed listing of Frasers Logistics Industrial Trust (FLT). The Reit will hold a portfolio of Australian industrial assets. SGX has also granted FCL the waiver of a rule in the listing manual67 words
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Article77 2016-05-17 10 MAPLETREE Logistics Trust (MLT) plans to issue S$250 million of fixed-rate perpetual securities, its Reit manager said on Monday. DBS Bank and OCBC have been appointed as joint lead managers and bookrunners for the issue of the securities. The net proceeds arising from the issue of the77 words
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Article46 2016-05-17 10 Cosco Corporation (Singapore) said the delivery of a jack-up drilling rig (bearing hull number N408) to KS Drilling Pte Ltd by its Nantong unit will be delayed. Delivery is mutually agreed to be further extended from April 30, 2016, to Dec 31, 2017.46 words
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Article40 2016-05-17 10 XPRESS has signed a non-binding MOU with the shareholder of Amplify Me Pte Ltd, which specialises in development of e-commerce applications, web-portals and online platforms, to invest S$1 million for a 70 per cent equity stake in AMPL..40 words
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Article1732 2016-05-17 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale vol ('000) High Day 151.5 127 AIMSAMP Cap Reit 139 -0.5 241 140 138.5 0.9 8.2 883.2 Div 174.1 101 ARA Asset Mgmt 130 +3.5 647 130.51,732 words
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Article352 2016-05-17 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol ('000) High 0.9 0.2 t Advanced Systems 0.3 +0.1 200 0.3 0.3 7.9 Low Div C'vr 19.9 8.3 t Anchor Resources 10.1 -0.7 4703 10.9 9.7 28.3352 words
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Article115 2016-05-17 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1345 991 CIMBASEAN40 S$D 1116 +8 0 1116 1116 vol ('000) High Day 1740 995 DBXT MSCHINA US$ US1108 -13 1108 1108 6030 4478 DBXT MSKorea US$ US5098115 words
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Advertisement946 2016-05-17 6 L j SOCIETE ‘CENERALE A French Corporation founded in 1864 Head Office: 29, Boulevard Haussmann-***** Paris France BOARD OF DIRECTORS (at January 1, 2016) CHAIRMAN: Lorenzo BINI SMAGHI CHIEF EXECUTIVE OFFICER: Frederic OUDEA DIRECTORS: Robert CASTAIGNE Kyra HAZOU Michel CICUREL Jean-Bernard LEVY Yann DELABRIERE Ana Maria LLOPIS RIVAS DEPUTY CHIEF946 words
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Page 7 Advertisements
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Advertisement14 2016-05-17 7 Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices14 words
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Advertisement356 2016-05-17 7 Broadcast A sia2016 CommunicAsia201B [ntBroriseMT2016 www.Broadcast-Asia.com Level 4 and 5 www.CommunicAsia.comwww.goto-enterpriselT.com Basement 2, Level 1 and 3 31 May 3 June 2016 Marina Bay Sands, Singapore BE PART OF ASIA'S LARGEST ICT AND DIGITAL MEDIA EVENTS Discover the latest technologies and trends of 2016 that are poised to shape the356 words
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Page 8 Advertisements
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Advertisement9 2016-05-17 8 For full listings of SGX prices, go to http://btd.sg/BTmkts9 words
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Advertisement39 2016-05-17 8 Brokers who wish to send in their reports can email us at btnews@sph. com.sg 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 998839 words
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Advertisement65 2016-05-17 10 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l65 words
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Page 11 Advertisements
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Advertisement71 2016-05-17 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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645 2016-05-17 12 Between 2010 and 2015, at least US$93b went into US residential real estate while more than US$17b was invested in US commercial property, says study AFP Washington CHINESE nationals became the largest foreign buyers of US homes last year as theyAFP - 645 words
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Article, Illustration1206 2016-05-17 12 NYT Las Vegas ON a drive through this desert city, the blight from the housing collapse of eight years ago can be seen on almost every block: Overgrown yards and boarded-up windows identify the foreclosed and abandoned homes that still pockmark southern Nevada.NYT; PHOTO: NYT - 1,206 words
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306 2016-05-17 12 BLOOMBERG London AN office building leased by Morgan Stanley in London’s Canary Wharf district is being offered for sale by US real estate company Hines as part of a US$5.5 billion property portfolio disposal, according to a person with knowledge of theBLOOMBERG - 306 words
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Article, Illustration1485 2016-05-17 13 ‘Land contracts’ or ‘contracts for deeds’ where investors buy foreclosed homes by the thousands and sell them on contract are resurging WP BERYL Satter knew something like this was bound to happen. Or, rather, to happen again. The Rutgers historian wrote the book on anWP; PHOTO: BLOOMBERG - 1,485 words
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Page 12 Advertisements
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Advertisement218 2016-05-17 12 Artist’s Impression Fine Living in a Modern Luxury Residence in Phnom Penh, jCambodia-- ,rj Sg. If WTO WTi 9 <UU'’* ft Mjj' SU- '-'-t t w*, S K Y L A R BY MERIDIAN Guaranteed Rental Return i Hi 5 i Of 40% over 5 years A 28-storey contemporary condominium218 words
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Advertisement45 2016-05-17 12 KnightFrank.com.sg For Sale Rare Sizeable JTC Food Factory Within Chin Bee Food Zone Main Road Frontage Land Area: Approx. 316,000 sq ft GFA: Approx. 130,000 sq ft URA MP Zoning: B2 with Plot Ratio of 2.5 Large Open Yard Gerald Quek9047 7619R*****9B CEA LIC: L*****36J45 words
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Advertisement61 2016-05-17 12 Agency Licence No.: L*****36J KnightFrank.com.sg PRIME OFFICE SPACE AT CECIL STREET Refurbished office on single whole floor Total floor area 5,425 sq ft approx. Close proximity to Tanjong Pagar MRT station No ABSD/SSD, foreigners eligible EXPRESSION OF INTEREST CLOSING ON 9TH JUN 2016 (THU), 3PM TY Chen 8160 8808 Mary61 words
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Page 13 Advertisements
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Advertisement388 2016-05-17 13 THINK BIG LEADERSHIP BUSINESS SERIES 2016 THE ’UBERISATION‘ OF PROFESSIONAL SERVICES Managing partners of law and accounting firms today face novel challenges and opportunities as they operate in the ’new normal‘ market while upholding the highest integrity of the profession. What are the prospects? And what is the outlook doing388 words
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Advertisement284 2016-05-17 13 COMMERCIAL SHOPHOUSES WITHIN TRENDY KAMPONG GLAM CUSHMAN II WAKEFIELD Estate Agents Licence No: L*****33E 3 ADJOINING UNITS OF 2/7-STOREY CONSERVATION SHOPHOUSES Located along the up-and-coming Jalan Klapa Approved for‘Hotel’ use Land Area: approx. 4,275 sf Total Floor Area: approx. 7,9 I I sf No ABSD Foreigners are eligible to buy284 words
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BANKING & FINANCE
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Article, Illustration646 2016-05-17 14 Clients can see the advantage of managed portfolios at a time of volatility in global financial markets, adds CEO BLOOMBERG Singapore BANK of Singapore Ltd (BOS), which recently bought the wealth-manage-ment units of Barclays plc in Asia, sees the region’s private-bankingBLOOMBERG; PHOTO: BLOOMBERG - 646 words
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Article, Illustration897 2016-05-17 14 BLOOMBERG London WHEN Royal Bank of Scotland Group Plc (RBS) agreed to sell Williams Glyn in 2009, it hoped to do so within months. Almost seven years later, it’s still struggling to divest the unit, with a tangled web ofBLOOMBERG; PHOTO: BLOOMBERG - 897 words
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656 2016-05-17 14 BLOOMBERG Tokyo MITSUBISHI UFJ Financial Group Inc (MUFG) sees full-year profit falling 11 per cent as negative interest rates squeeze loan profitability and bad-loan costs increase. Japan’s largest bank is targeting net income of 850 billion yen (S$11 billion) in theBLOOMBERG - 656 words
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Page 14 Advertisements
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Advertisement149 2016-05-17 14 The topics covered include: How to be an educated investor Adjust your investment style and risk appetite based on the industry and company The investment framework for identifying dividend growth companies Categorisation of listed companies into 6 business types Picking companies with strong competitive advantages Why intangible asset is more149 words
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Advertisement5 2016-05-17 14 Buying Opportunities Property Outlook 20165 words
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Advertisement58 2016-05-17 14 2016 ms-expo.com ■5 "LIKE US" Manufacturing Solutions Expo MANU FACTURINGSOLUTIONSEXPO The Future of Manufacturing 12-14 October 2016 Suntec Singapore The High Value Manufacturing Solutions in the ASEAN Region A Platform to Unveil the Latest Manufacturing Techniques through: (^vitomaf/Q <a mewo rk To exhibit, call +65 6319 4021 or email to58 words
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Page 15 Advertisements
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Advertisement960 2016-05-17 15 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MONITISE SINGAPORE PRIVATE LIMITED (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****2001D) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting of Monitise Singapore Private Limited duly convened and held on the 10th day of May960 words
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Advertisement1026 2016-05-17 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SOYUZ BUNKERING GROUP SINGAPORE PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co. Reg. No. *****3451M) NOTICE OF RESOLUTIONS At the Extraordinary General Meeting of Soyuz Bunkering Group Singapore Pte. Ltd. duly convened and held on the 10th1,026 words
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ENERGY & COMMODITIES
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Article, Illustration823 2016-05-17 16 Mills ramp up production to take advantage of a price spurt that has given them big profits BLOOMBERG Beijing CHINA’s record daily output in April bodes ill for an embattled global steel industry already reeling from a delugeBLOOMBERG; PHOTO: AFP - 823 words
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447 2016-05-17 16 REUTERS Kuala Lumpur MALAYSIA’S Felda Global Ventures Berhad, the world’s third largest palm plantations operator, said that its output of the fresh fruit used to churn out palm oil has dropped 17 per cent so far this year as dryREUTERS - 447 words
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555 2016-05-17 16 London THERE’s a growing feeling in the platinum and palladium market that the worst is over. After dropping to the lowest in at least half a decade in January, prices have since rallied back into a bull market as the outlook555 words
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521 2016-05-17 16 BLOOMBERG New York HEDGE funds expanded their bullish bets on silver to an all-time high even as this year’s hottest metals rally began to fade. Money managers added to their net-long positions in silver for the fourth time inBLOOMBERG - 521 words
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Page 16 Advertisements
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Advertisement61 2016-05-17 16 HOT PROPERTY 11 TOH HGTS New bunglw in an idyllic landed estate. Elevated, windy, large gdn. With lift, s/pool, basement car park. 5800/7670sf. 61 GOODMAN RD. New bunglw. Prime location. 4500/7300sf 6+ 1+ family rm+ media rm+ s/pool.Next to park, peaceful $20K. Immed. LOOKING FOR A HOUSE TO RENT? Check61 words
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Advertisement19 2016-05-17 16 Trump’s Beijing bashing misses China’s own rust belt upheaval, Page 19 The insider's scoopon secret spaces inJapan's oldcapital Nowonsaleatallmajorbookstoresandwww.stpressbooks.com.sg19 words
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Advertisement16 2016-05-17 16 Lackluster blue-chip results cause for concern cause for To subscribe, call 6388-3838 or go to sphsubscription.com.sg16 words
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TECHNOLOGY
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Article, Illustration586 2016-05-17 17 Joint venture to design, make and sell StarVR headset could be a brilliant success or a colossal failure BLOOMBERG Taipei ACER’S announcement that it will work with the Swedish games maker Starbreeze to produce a virtual-reali-ty headset could be theBLOOMBERG; PHOTO: AFP - 586 words
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752 2016-05-17 17 Hong Kong - Hong Kong BLOOMBERG HIP-HOP dancers, military marchers and daredevils in winged suits are bringing China’s Internet titans into the world of virtual reality. These video stars have joined South Korean pop idols and animated fireflies as central players inBLOOMBERG - 752 words
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Page 17 Advertisements
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Advertisement42 2016-05-17 17 2 3 J U N E 1 6 SPH News Centre 9.00am to 5.00pm SME 101 MARKETING BOOTCAMP Trainer: Pamela Wigglesworth EARLY BIRD ENDS 16 MAY 2016 $788 To register or find out more about the bootcamp, visit http://learning.stjobs.sg/ bootcamp STJOBS LEARNING42 words
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Advertisement57 2016-05-17 17 J U L 1 6 20WEDNESDAY NTUC Trade Union House 9.00am to 5.00pm ACCELERATING TEAMWORK This workshop is facilitated by a local trainer, accredited by The John Maxwell Company. Trainer Patrick Ho Early Bird for the first 3 sign ups Normal $406.60 $620.60 To register or find out more about57 words
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Advertisement510 2016-05-17 17 NOTICES T O L L F R E E 1 8 0 0 -2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l510 words
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CONSUMER
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Article, Illustration668 2016-05-17 18 Rising competition, changing consumer tastes forcing it to update its image AFP unterhaching, Germany OUT with the cardboard boxes, rough forklift crates and no-frills warehouse look in with cozy wood panelling, natural light and chilled fruit smoothies at the breakfast bar.AFP; PHOTO: AFP - 668 words
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437 2016-05-17 18 AFP The Hague DUTCH electronics giant Philips announced on Monday it would float 25 per cent of its shares in a highly anticipated initial public offering (IPO) set for May 27 which could raise almost one billion euros (S$AFP - 437 words
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Page 18 Advertisements
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Advertisement261 2016-05-17 18 BACK BY POPULAR DEMAND! SME 101 MARKETING BOOTCAMP: LEAD GENERATION STRATEGIES USING SOCIAL MEDIA, VIDEO AND MOBILE MARKETING Who should attend: Senior and Middle Management, Managers, Sales and Marketing Professionals, Business Owners and anyone interested in learning cost effective tools and techniques to create awareness for your brand, improve leads261 words
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GOVERNMENT & ECONOMY
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Article, Illustration1365 2016-05-17 19 Its industrial Northeast is losing jobs in a decelerating economy; nation’s steel sector is in big trouble BLOOMBERG Beijing DONALD Trump, who tears into Chinese economic policies with the subtlety of a chainsaw, has accused the nation of “raping” the USBLOOMBERG; PHOTO: BLOOMBERG - 1,365 words
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468 2016-05-17 19 Ireland, Malta, Belgium, the Netherlands, Cyprus and Luxembourg exposed for their exports to UK REUTERS London A BRITISH exit from the European Union could hurt the credit ratings of other EU countries with close trade or financial ties to Britain,REUTERS - 468 words
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500 2016-05-17 19 AFP Hong Kong PAVING stones in central Hong Kong have been glued down to prevent protesters using them as missiles, as authorities roll out elaborate security measures ahead of a high-level Chinese visit that could stoke resentment over mainland rule. The measures,AFP - 500 words
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284 2016-05-17 19 AFP Bangkok THAILAND’S economy grew by a more-than-expected 3.2 per cent in the first quarter off the back of strong tourism and public spending, official figures showed on Monday, but analysts warned the solid start was still shaky. Once one of South-eastAFP - 284 words
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TRANSPORT
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Article, Illustration628 2016-05-17 20 Timing depends on how its battle with Uber in China plays out, say sources BLOOMBERG Hong Kong APPLE Inc may not need to wait that long before it reaps the benefits of investing US$1 billion in Chinese car-hailing service Didi Chuxing.BLOOMBERG; PHOTO: AFP - 628 words
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269 2016-05-17 20 BLOOMBERG Dallas SOUTHWEST Airlines Co pilots, frustrated after four years of unsuccessful contract talks, asked the carrier to guarantee it won’t force them to fly Boeing Co’s newest 737 before the plane is negotiated into a new agreement for theBLOOMBERG - 269 words
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844 2016-05-17 20 REUTERS Seattle BOEING Co’s high-tech 787 Dreamliner has had its share of trouble, from early production delays to batteries that smoked and burned, grounding the worldwide fleet for months in 2013. Now the company’s flagship plane is facing aREUTERS - 844 words
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491 2016-05-17 20 REUTERS Beijing AFTER poaching Bentley’s design chief last year, Hyundai Motor Co said on Monday that it has also secured the services of the luxury marque’s exterior designer. Hyundai issued a statement saying Sangyup Lee will start work next month as itsREUTERS - 491 words
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Article, Illustration518 2016-05-17 20 COMMENTARY BLOOMBERG Frankfurt AIRLINES long ago cottoned on to the fact that being part of an alliance could save them money and help them offer passengers a greater variety of routes. Container-shipping companies have taken a little longer to figure this out butBLOOMBERG; PHOTO: BLOOMBERG - 518 words
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Page 21 Advertisements
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Advertisement915 2016-05-17 21 s-i. the Business times Shipping times 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 Jul915 words
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OPINION
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690 2016-05-17 22 EDITORIAL THE new claim in the South China Sea dispute has made that complex situation considerably more difficult for Asean. A Taiwan government-linked organisation, the Chinese Society of International Law, has made a submission to the Permanent Court of Arbitration in690 words
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Article, Illustration857 2016-05-17 22 Robert J Samuelson - THE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRITERS GROUP Washington IT’S time to cut the GDP some slack. Overhauling the GDP as some critics would threatens to politicise one of our most useful economic indicators. It could be twisted toTHE WASHINGTON POST WRITERS GROUP - 857 words
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Article, Illustration1333 2016-05-17 22 Leon Hadar - The Donald has accused Hillary of “playing the woman’s card”, but on the ground, the gender gap may probably favour him By Leon Hadar Washington THE electoral insurgency of Donald Trump has not only set the American political scene onPHOTO: AFP - 1,333 words
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837 2016-05-17 23 Prema viswanathan - COMMENTARY By Prema viswanathan TThe writer is associate editorial director for petrochemicals at Platts. SINGAPORE’S petrochemical sector has, on the surface, plenty of reasons to celebrate. Identified by the government for its strategic importance, the sector has benefited from the837 words
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1057 2016-05-17 23 Gagan Malik; Mihir Kanani - COMMENTARY By Gagan Malik and Mihir Kanani T Gagan Malik is international director of EY Asia-Pacific Tax Centre; and Mihir Kanani, international tax senior at Ernst Young Solutions LLP. The views here are the writers’ and do not necessarily reflect the views of the1,057 words
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Article, Illustration1092 2016-05-17 23 ANDREW HAMMOND - A miscalculation could damage their respective campaigns; however, if the selection wins strong approval, both candidacies may secure invaluable new momentum. BY ANDREW HAMMOND momentum.BY ANDREW HAMMOND TThe writer is an associate at LSE IDEAS (the Centre for International Affairs,PHOTO: REUTERS - 1,092 words
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SME
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Article, Illustration1267 2016-05-17 24 RACHEL MUI - From local to global lifting a brand overseas ClearSK’s founders set their sights on China as the Singapore market is too small. BY RACHEL MUI BY RACHEL MUI rachmui@sph.com.sg @RachelMuiBT FORGET plastic surgery; non-invasive aesthetic procedures are here to stay, says chief medical advisor of ClearSK, Shiau Ee Leng. ItPHOTO: ARTHUR LEE - 1,267 words
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1165 2016-05-17 24 Danny C wijaya - By Danny C wijaya T The writer is creative director at Pico Singapore. HERACLITUS the Greek philosopher once suggested that the only constant is change. Change can be imagined as the unpredictable weather encountered on a sailing trip: it is something1,165 words
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EMERGING ENTERPRISE 2016
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Article, Illustration1535 2016-05-17 25 JAMIE LEE - SMEs have become more keen to tap government-led schemes, even as opportunities are seen in the areas of infrastructure and healthcare. BY JAMIE LEE BY JAMIE LEE leejamie@sph.com.sg @JamieLeeBT OCBC sees pockets of loan growth even as economic expansion in Singapore and globally1,535 words
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Page 25 Advertisements
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Advertisement77 2016-05-17 25 Jointly Presented By: Preferred Payment Solutions Partner: Supported By: Innovation Partner: IDOCBC Bank I DON’T HOLD BACK ON THE BIG IDEAS. WE LL PROVIDE UP TO S$5 MILLION IN FUNDS. Share your business aspirations and growth plans with us, and we’ll provide funds of up to S$5 million with a77 words
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LIFE & CULTURE
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Article, Illustration528 2016-05-17 26 BLOOMBERG San Francisco JUST over a year since the death of her husband, Facebook Inc chief operating officer Sheryl Sandberg has learned how to be more resilient a hard-won skill she’s sharing first in a graduation speech and potentially inBLOOMBERG - 528 words
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Article, Illustration723 2016-05-17 26 Boo Junfeng’s film Apprentice is about the executioner trade from the hangman’s perspective AFP Cannes BEFORE he made his new film about the death penalty, Boo Junfeng sat down to tea with some of Singapore’s retired hangmen. He also talked toAFP; PHOTO: AFP - 723 words
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Article, Illustration816 2016-05-17 26 NYT New York FRANÇOIS Morellet, a French painter and sculptor whose use of unorthodox materials like neon lights, sticky tape and metal rods left a distinctive mark on postwar abstract art, died on May 11 at his home in Cholet, France. He wasNYT; PHOTO: AFP - 816 words
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Page 26 Miscellaneous
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Miscellaneous332 2016-05-17 26 CRYPTIC CROSSWORD Across 1 Plant that could give beast of burden trouble on the way back (8) 5 A governing body on ship (6) 9 Someone making excuses for record I delivered in a job (9) 11 Manage with spades to cut through woodland (5) 12 Meanly abused amateurs (6)332 words
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