The Business Times, 2 June 2016
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2016-06-02
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The Business Times
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Title Section22 2016-06-02 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 Thursday, June 2, 201622 words
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Article28 2016-06-02 1 Wednesday Change STI 2,790.54 -0.52 KL COMP 1,626.50 +0.50 NIKKEI 225 16,955.73 -279.25 HANG SENG 20,760.98 -54.11 SHENZHEN B 1,072.61 +1.81 DOW (10.45 AM EDT) 17,705.23 -81.9728 words
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Article, Illustration234 2016-06-02 1 The global economy is stuck in a “low growth trap” with no single, simple or speedy means of escape at hand, says the Organisation for Economic Co-operation and Development. TOP STORIES 2 Mobile network operators in Singapore have to provide at least 95 per cent outdoor coverage for234 words
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Article, Illustration778 2016-06-02 1 Jacquelyn Cheok - CFE-led discussion involving 12 sectors also looked at issues of innovation culture, firms’ nimbleness and role of top management SINGAPORE’S FUTURE ECONOMY By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THERE is no one-size-fits-all, textbook strategy for Singapore companies in dealing with disruption,PHOTO: MCI - 778 words
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Article, Illustration706 2016-06-02 1 Kalpana Rashiwala - By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore QATAR Investment Authority (QIA) is said to be on the brink of sealing a deal to buy Asia Square Tower 1 from BlackRock. The price is expected to be about S$2,700 per square706 words
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Page 1 Advertisements
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Advertisement57 2016-06-02 1 *****1 *****1 TIIE BUSINESS TIMES r P •-.v f XJ r CRAFTING ETERNITY SINCE 1755 Our continuous history reflects the transmission of our watchmaking savoir-faire. 0 I VACHERON CONSTANTIN GENEVE e fibril W'J'v/' X'-'V C' -T ION Orchard +65 6509 8800 The Shoppes at Marina Bay Sands +65 6688 700057 words
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Advertisement14 2016-06-02 1 REFRESHING MAN DAI Precinct to become a nature and wildlife destination TOP STORIES 314 words
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Advertisement23 2016-06-02 1 HOCK LOCK SIEW Lessons from the Noble-Iceberg saga COMPANIES MARKETS 5 DEEPER LINKS Singapore, Sri Lanka to pursue bilateral FTA top stories 223 words
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TOP STORIES
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Article, Illustration514 2016-06-02 2 Lee U-Wen - Decision on how to proceed likely to coincide with next visit to Singapore by Sri Lankan prime minister By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore SINGAPORE and Sri Lanka have confirmed that they would pursue a bilateral free trade agreement (FTA), one thatPHOTO: MTI - 514 words
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705 2016-06-02 2 Nur Sabrina Azmi - By Nur Sabrina Azmi nsazmi@sph.com.sg Singapore THE managing director of the Monetary Authority of Singapore (MAS) has urged policymakers and economists to “look beyond the noise” and towards the underlying trends in the economy. Ravi Menon said: “We need to705 words
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500 2016-06-02 2 Anita Gabriel - By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore THE Singapore state court has fixed July 28 for the criminal case disclosure conference (CCDC) in the case involving former BSI employee Yeo Jiawei, who has been charged with nine offences ranging from money500 words
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848 2016-06-02 2 Anthony Rowley - By Anthony Rowley btworld@sph.com.sg Tokyo THE global economy is stuck in a “low growth trap” with no single, simple or speedy means of escape at hand, the Organisation for Economic Co-opera-tion and Development (OECD) said on Wednesday in its latest biannual848 words
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420 2016-06-02 2 LATEST US DATA BLOOMBERG REUTERS Washington MANUFACTURING unexpectedly expanded at a faster pace in May, helped by an increase in orders that signals US factories are rebounding from an early-2016 slump. The index of the Institute for Supply Management (ISM) climbed to 51.3BLOOMBERG; REUTERS - 420 words
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Article, Illustration785 2016-06-02 3 Nisha Ramchandani - Jurong Bird Park will be closed after new facility is opened to complement the Zoo and River Safari By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore AS part of plans to develop the Mandai precinct into a 126-hectare nature and wildlife destination, the785 words
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Article, Illustration806 2016-06-02 4 Amit Roy Choudhury - Mobile network operators have to hit set levels of coverage for these services or be dealt penalties By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore MOBILE Network Operators (MNOs) will need to provide at least 95 per cent outdoor coverage for 4G connectivity from806 words
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523 2016-06-02 4 Amit Roy Choudhury - By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore THE next 20 years are likely to bring more changes to humanity than the past 300 years, futurist Gerd Leonhard declared on Wednesday. The founder and chief executive of The Futures Agency, speaking523 words
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345 2016-06-02 4 Soon Weilun - By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE supervisory authorities in Singapore is looking into whether there was actual wrong-doing by any individual or entity in Singapore in connection with the Panama Papers, the spokespersons for the Ministry of Finance (MOF) and Monetary345 words
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636 2016-06-02 4 Virginie Mangin - CHINA WATCH By Virginie Mangin btworld@sph.com.sg Beijing CHINA’S purchasing managers’ index (PMI) in May point to stabilisation of the economy, but not a rebound, as recent stimulus measures are being felt on the ground, but global demand remains weak.636 words
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Advertisement155 2016-06-02 3 i W •>.*»,v w TSi ii. >. --> s 4,-,' .'38NbWm&''* VJ n| S»tf *“S£sr: ,v v <* K vS#;* rCV^JT £p ft#:. .iiV@ --v b K, 2 -J ~sv m ft w *flB5KS*SttS®i;*»'$SR $5^’ w= S 8 'ZZyete&r The new C-Class Coupe. Instantly thrilling. Go where the moment takes155 words
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Advertisement319 2016-06-02 4 Broadcastl\sia201B Communicl\sia2016 EnternriseHIT201B www.Broadcast-Asia.com Level 4 and 5 www.CommunicAsia.com www.goto-enterpriselT.com Basement 2, Level 1 and 3 31 May 3 June 2016, Tuesday Friday Marina Bay Sands LAST 2 DAYS! Network with over 1,800 leading brand owners and solutions providers Witness over 900 product launches w m PH #BroadcastAsia2016 W 11319 words
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Advertisement17 2016-06-02 4 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices17 words
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COMPANIES & MARKETS
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780 2016-06-02 5 R SIVANITHY - HOCK LOCK SIEW BY R SIVANITHY sivan@sph.com.sg @RSivanithyBT NEWS that Noble Group’s chief executive resigned earlier this week may have surprised some observers but not Iceberg Research, which has responded by saying that the departure was long overdue. The same goes for the downgrading of780 words
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Article, Illustration410 2016-06-02 5 Soon Weilun - HOT STOCK By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore SHARES of Yeo Hiap Seng jumped more than 13 per cent on Wednesday from the previous day’s close, prompting a query from Singapore's bourse operator. This comes two days after a research report statedSource: Bloomberg - 410 words
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284 2016-06-02 5 Jamie Lee - By leejamie@sph.com.sg Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore NOMURA will expand into the infrastructure project segment in Asia, tapping into an US$8 trillion infrastructure gap in this part of the world. The Japanese bank on Wednesday said that it would set up a284 words
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421 2016-06-02 6 It aims to raise US$80 million to US$100 million to fund land bank acquisitions BLOOMBERG Singapore GOLDEN Glory Group Pte, a developer of Myanmar real estate, is planning an initial public offering in Singapore this year as the openingBLOOMBERG - 421 words
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Article, Illustration547 2016-06-02 6 REUTERS Hong Kong SINGAPORE-based aircraft lessor BOC Aviation Ltd rose 4 per cent on its debut in Hong Kong on Wednesday as investors chased a rare opportunity to buy into a listed aircraft leasing firm and boost their exposure toREUTERS; PHOTO: REUTERS - 547 words
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257 2016-06-02 6 Singapore THE world’s largest asset manager, BlackRock, has downgraded global equities to “neutral”. “The growing likelihood of an imminent Fed rate increase and more elevated US valuations warrant shortterm caution,” said global chief investment strategist Richard Turnill in a weekly note. US stocks are257 words
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674 2016-06-02 6 HEDGE FUNDS BLOOMBERG Tokyo SIMPLEX Asset Management Co, an independent hedge fund and investment management firm in Japan, is taking some lessons from Tokyo’s iconic wholesale fish market as it starts a fund to invest in companies looking to move theirBLOOMBERG - 674 words
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274 2016-06-02 6 BLOOMBERG Hong Kong SAMSUNG Asset Management, the South Korean manager that oversees US$1 billion in hedge fund assets, will start a global macro fund in the next quarter as it seeks to diversify outside of its home market. The fund, yet to be named,BLOOMBERG - 274 words
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575 2016-06-02 7 Aqil Luqman Nurhakim - By Aqil Luqman Nurhakim nluqman@sph.com.sg Singapore CITING its fast-growing base of Asian ultra high net worth (UHNW) investors, Australian boutique investment bank and wealth manager Aura Group has set up its Asian regional headquarters in Singapore. Singapore is a logical choice,575 words
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CORPORATE DIGEST
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Article78 2016-06-02 7 AGRI-BUSINESS group Olam International said on Wednesday that it has acquired the remaining 50 per cent stake it does not already own in Acacia Investments (Ai) from its joint venture partner for US$24 million. The acquisition is expected to be completed this month. AI has a significant presence78 words
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Article54 2016-06-02 7 YCH Group has signed a three-year memorandum of understanding (MOU) on Wednesday, with the Chongqing Banan District Government, Chongqing Asean International Logistics, and Y3 Technologies, to offer logistics services beyond Vietnam and Laos, to the rest of the Asean region. The MOU aims to establish Chongqing as Asean’s54 words
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Article137 2016-06-02 7 FINANCIAL Internet media and technology company ShareInvestor, a subsidiary of Singapore Press Holdings, will be holding Reits Symposium 2016 at Suntec Singapore Convention Exhibition Centre on Saturday (June 4). Jointly organised by ShareInvestor and the Reit Association of Singapore, the event aims to help investors learn about137 words
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379 2016-06-02 7 Cai Haoxiang - Events announced since Dec 31, 2015 expected to have adverse impact on group By haoxiang@sph.com.sg Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore TROUBLED timber flooring specialist Jason Holdings, which is dealing with corporate governance and debt repayment issues, has released its unaudited379 words
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Article, Illustration63 2016-06-02 8 STI Catalist Straits Times Index June 1,2016 2,790.54 -0.52 (-0.02%) Current streak 3 days Day high 2,796.49 Day low 2,778.65 52-week high 3,373.48 (July 20, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index June 1,2016 433.48 -1.39 (-0.32%) Current streak 1 day Day high 437.98 Day low63 words
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Article73 2016-06-02 8 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 67.5 0.4 *****/***** DBXT China50 US$ 2778 64.8 1.7 4087/2355 Lyxor Europe US$ 1320 59.3 3.4 1557/1150 DBXT Vietnam US$ 2337 52.4 1.7 2786/2017 DBXT MSJAP US$ 4739 27.6 0.4 5224/4031 BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.2 100.073 words
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Article76 2016-06-02 8 BY CENTS CLOSE DOWN 52w high/low Jardine C&C 3300 -80.0 -2.4 4520/2636 JSH USD 2930 -55.1 -1.3 3341/2524 JMH USD 5665 -48.2 -0.6 6130/4500 IS ASIA HYG US$ 1046 -27.6 -1.9 1130/977 IS Asia BND US$ 1053 -17.9 -1.2 1096/1010 BY PERCENTAGE CLOSE DOWN 52w high/low Cedar Strategic 0.276 words
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Article85 2016-06-02 8 VOL CLOSE($) CHANGE Infinio 1,062.5 0.002 +0.001 +100.00 Hengyang Petro 25.0 0.088 -0.010 -10.20 HL Global Ent 901.0 0.110 +0.008 +7.84 Yeo Hiap Seng 303.1 1.485 +0.175 +13.36 Cedar Strategic 291,625.7 0.002 -0.001 -33.33 Informatics 101.6 0.240 -0.035 -12.73 IPCO Intl 38,944.9 0.004 -0.001 -20.00 China Taisan 135.185 words
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Article, Illustration633 2016-06-02 8 R Sivanithy - Index tracks the Dow futures, rising in the morning and slipping into the red by the close of trading session STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index (STI) on Wednesday tracked the futures contract on the Dow Jones Industrial Average closelySource: Bloomberg - 633 words
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Article305 2016-06-02 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 231 +2 232/227 253 209 6.6 6087.5 CapitaCom Trust 140.5 +1.5 141/139 162.5 122.5 6.1 4153.7 CapitaLand 298 -1 300/296 358 267 11.9 3 *****.3 CapitaMall Trust 202 -1 204/200 224 184.5305 words
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Article35 2016-06-02 8 VOLUME Cedar Strategic 291,625,700 Noble 41,661,400 Ezra 40,648,000 IPCO Intl 38,944,900 Singtel 23,628,900 Market volume 1,524,868,000 VALUE DBS Grp 147,266,289 Singtel 91,554,845 HongkongLand USD 67,944,480 UOB 48,066,115 OCBC Bank 42,999,119 Market value 1,033,029,00035 words
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Article77 2016-06-02 8 Jun 1 VALUE CLOSE BT OB/OS -121.00 -78.00 BT CADI -*****.00 -93.00 BT 10-day MA -*****.00 -12.00 FTSE ST Mid Cap 675.29 -1.68 FTSE ST Small Cap 389.81 -2.37 FTSE ST All Share 684.50 -1.24 FTSE ST China Top 162.38 -0.34 FTSE ST China 189.88 -0.26 FTSE77 words
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Article105 2016-06-02 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US684 -2 439 688/682 780/575 683/686 85.5 STI ETF 282 -2 317 284/282 343/254 282/283 DBXT CSI300 US$ US786 +7 44 788/780 1471/700 784/786 DBXT MSINDO us$ US1235 +6 25 1239/1225 1390/911105 words
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Article, Illustration35 2016-06-02 8 STI FTSE ST All-Share FTSE ST All-Share Index June 1,2016 684.50 -1.24 (-0.18%) Current streak 1 day Day high 685.88 Day low 682.75 52-week high 807.50 (June 3, 2015) 52-week low 625.37 (Jan 21, 2016)35 words
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Article, Illustration33 2016-06-02 8 STI MSCI EAFE MSCI EAFE Index May 31,2016 1,667.84 -3.65 (-0.22%) Current streak 1 day Day high 1,679.21 Day low 1,666.11 52-week high 1,922.70 (June 22, 2015) 52-week low 1,492.43 (Feb 12, 2016)33 words
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Article186 2016-06-02 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 9 3 1 0 0 4 9 3 Manufacturing 28 40 26 5 9 11 33 49 37 Commerce 16 27 7 3 7 3 19 34 10 Tpt/Stor/Comms 7 12 15186 words
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Article117 2016-06-02 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 16,267 263 16,530 60,060 50 60,110 Manufacturing 81,381 327,274 408,655 92,102 2,575 94,677 Commerce 60,651 28,121 88,772 63,021 1,083 64,103 Tpt/Stor/Comms 128,556 128,556 195,318 195,318 Finance 33,521 150 33,671 250,459 20 250,478 Construction 50,986 1,920117 words
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BROKERS TAKE
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Article210 2016-06-02 8 Jumbo Group Buy Target price: S$0.68 June 1 close: S$0.555 DBS Group Research, June 1 Jumbo is on track to expand quickly both in China and Singapore, with growth primarily driven by new store openings. These include upcoming expansion of Riverside Jumbo Seafood outlet and new locations in central area210 words
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Article263 2016-06-02 8 Kenneth Lim - Cache Logistics Trust Neutral Compiled by Kenneth Lim Target price: S$0.86 June 1 close: S$0.86 RHB Research, June 1 Cache Logistics Trust has been dragged into a dispute, filed by its sub-tenant Schenker over rent issues. The main conflicts arose as the German logistics company (Schenker) demanded its anchor lease263 words
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Article18 2016-06-02 8 DATA I June 2 S’pore Purchasing Managers Index US Federal Reserve Beige Book US initial jobless claims18 words
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387 2016-06-02 9 CURRENCIES REUTERS BLOOMBERG London/Bengaluru GOLD rose slightly on Wednesday, supported by an inauspicious start to June for stock markets and the dollar, as the market tries to assess how close the United States is to raising interest rates. WorldREUTERS; BLOOMBERG - 387 words
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FOREX RATES
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Article471 2016-06-02 9 Jun 1 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.950 4.784 0.651 5.642 48.900 99.380 0.800 8.659 3.010 1.067 76.102 33.877 1.001 11.373 0.721 23.686 25.882 0.501 0.726 Canada 1.053 5.038471 words
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Article155 2016-06-02 9 Jun 1 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0007 1.0011 0.7261 0.7263 Canadian dollar 1.0538 1.0542 0.7649 0.7646 Euro 1.5366 1.5371 1.1149 1.1152 NZ dollar 0.9376 0.9382 0.6803 0.6807 Sterling pound 1.9974 1.9978 1.4493 1.4495155 words
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Article22 2016-06-02 9 Jun 1 S$ Bid Offer 1-month 1.3787 1.3790 2-months 1.3793 1.3795 3-months 1.3803 1.3805 6-months 1.3809 1.3813 Source: OCBC22 words
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EQUITY BONDS WARRANTS FUTURES
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Article393 2016-06-02 9 Jun 1 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jun16 9465.00 9530.00 9375.00 9395.00 *****6 *****6 Jul16 9285.00 9400.00 9250.00 9260.00 1377 988 NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 ***** *****7 Sep16 *****.00 *****.00 *****.00 *****.00 973 4064 MSCI TAIWAN393 words
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210 2016-06-02 9 Most active Jun 1 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left KepCorp MB eCW*****1 6.5 -1.1 7132 0.2 600 5 DBS MB eCW*****1 9.5 -0.3 4772 0.1 1620 4 OCBC Bk MB eCW*****3 3.4 -0.4 4043 0.1 900210 words
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377 2016-06-02 9 In local curr In S$ In US$ dy yr dy yr dy yr May 31 Index Change Change Change Change Change Change World Preliminary 1272.2 -0.1 -0.4 -0.5 -2.2 -0.1 0.7 EAFE Preliminary 960.2 -0.2 -5.3 -0.6 -5.7 -0.2 -2.8 Europe Preliminary 1359.7 -0.6 -3.7377 words
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BANK RATES
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Article154 2016-06-02 9 Jun 1 $S Offer Bid 0vernight 0.05 0.03 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.05 US$ Offer Bid 7 days 0.50 0.40 1 month 0.50 0.40 2 months 0.65 0.45 3 months 0.80 0.60 6 months 1.10 0.90 9 months 1.30 1.10 12154 words
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Article65 2016-06-02 9 Jun 1 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99 99.04 99.03 5-Year NX*****X 2.250 01-Jun-21 102.42 102.55 102.40 10-Year NX*****F 2.375 01-Jun-26 99.16 99.30 99.05 15-Year NZ*****F 2.875 01-Sep-30 104.72 105.07 104.58 20-Year NZ*****V 3.375 01-Sep-33 111.7565 words
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AGRI METALS ENERGY
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Article250 2016-06-02 9 May-31 Price Net change change Last Trade Agricultural May-31 CBOT Soybeans (US cents/bu) 1078.50 -8.00 -0.74% 14/07/2016 CBOT Soybean Oil (US cents/lb) 31.82 0.34 1.08% 14/07/2016 CBOT Wheat (US cents/bu) 464.50 -17.00 -3.53% 14/07/2016 May-31 LIFFE Cocoa (£/tonne) 2238.00 28.00 1.27% 14/07/2016 LIFFE Coffee (US$/tonne) 1642.00 12.00 0.74%250 words
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Article1732 2016-06-02 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale vol ('000) High Day 151.5 127 AIMSAMP Cap Reit 135.5 -1.5 206 138 135.5 0.9 8.4 862.4 Div 171.2 101 ARA Asset Mgmt 139.5 -0.5 287 140.51,732 words
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Article118 2016-06-02 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last Vol Day Div GrYld Net MCap High LOW Company Sale C000) High LOW C'vr P/E 32 16.7 t CNMC Goldmine 27 unch 564 27.5 27 3.9 2.9 7.3 110.1 103118 words
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Article152 2016-06-02 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1318 991 CIMBASEAN40 S$D 1120 -6 0 1120 1120 957 700 CIMBASEAN40 US$ US810 -2 1 810 810 127 4087 2355 DBXT China50 US$ US2778 +47 6 2778152 words
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Advertisement207 2016-06-02 5 c Sis WITH MASTERCARD, EVERY NEW DESTINATION STARTS WITH A RESTFUL JOURNEY. A/ SinGAPORE AIRLIITES A STAR ALLIANCE MEMBER y i > Book a seat on the Singapore Airlines Business Class with MasterCard and experience your personal space for work, play and relaxation. A 28-inch wide full-flat bed with soft207 words
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Advertisement350 2016-06-02 6 Subscribe withS|Jlat Singapore Book Fair 2016 and get a $50 CASH VOUCHER Existing subscribers without contract who renew or upgrade their package will get a $30 CASH VOUCHER*. 3-9 JUNE 2016 3 June: 4pm-10pm, 4-8 June: llam-IOpm, 9 June: 11am-8pm Suntec International Convention Exhibition Centre Hall 401 402 THE BUSINESS350 words
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Advertisement54 2016-06-02 7 WE WANT TO MAXIMISE IMPACT FOR GOOD. TEO LAY SIE, UBS Managing Director DO YOU? JOIN US COMPANYOFGOOD.SG We’re here to help your business give better. This programme is brought to you by the National Volunteer Philanthropy Centre, in partnership with Singapore Business Federation Foundation, and supported by Ministry of54 words
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Advertisement9 2016-06-02 8 For full listings of SGX prices, go to http://btd.sg/BTmkts9 words
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Advertisement71 2016-06-02 10 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, Illustration344 2016-06-02 11 New apartment prices in 100 major cities have risen 1.7% since April and are up 10.34% year on year AFP Beijing NEW home prices in China grew at their fastest pace in more than two years in May, aAFP; PHOTO: AFP - 344 words
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374 2016-06-02 11 BLOOMBERG Sydney SYDNEY’S home values posted the biggest rise in 10 months in May, as lower mortgage rates and a partial easing of lending standards revived buyers’ appetite. Prices in the nation’s largest city climbed 3.1 per cent in May the fifthBLOOMBERG - 374 words
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Article, Illustration1184 2016-06-02 12 The law does not say whether they have to pay for the renewal of expired leases and what would happen to those with shorter leases NYT Wenzhou, China CHEN Furong and his wife bought their home 23 years ago forNYT; PHOTO: NYT - 1,184 words
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279 2016-06-02 12 REUTERS Wellington PROPERTY prices are surging in New Zealand vacation hotspot Queenstown as tourism puts the mountainous South Island town on the radar of Chinese investors. Residential property prices in Queenstown jumped 22 per cent in the year endedREUTERS - 279 words
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371 2016-06-02 12 BANGKOK POST Bangkok HOTELS in Rayong province are struggling as the economic slowdown and lower oil prices hit spending by companies at nearby industrial estates. Wiwat Tangjitkobboon, Cape Kantary Hotels’ corporate group director, said that hotel demand had plummeted in theBANGKOK POST - 371 words
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752 2016-06-02 12 WP New York THE first skyscraper at Related Cos’s US$25 billion Hudson Yards project opened on Tuesday after three and a half years of construction, bringing office workers to a once-desolate area of Manhattan’s far west side that’s now transforming into aWP - 752 words
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638 2016-06-02 13 Germany’s entry upends the Venice Architecture Biennale with its provocative stance THOMSON REUTERS FOUNDATION Venice THE Venice Architecture Biennale is usually a showcase of prestigious architecture projects from around the world, but Germany’s entry this year has taken a different angle focusing onTHOMSON REUTERS FOUNDATION - 638 words
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Article, Illustration400 2016-06-02 13 REUTERS London BRITISH mortgage lending slowed to a crawl in April, increasing at the slowest pace since 2012 as a new tax on landlords took effect, while mortgage approvals also dropped, official data showed on Wednesday. Mortgage lendingREUTERS; PHOTO: BLOOMBERG - 400 words
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Article1508 2016-06-02 13 Property transactions for districts 1 to 21 with contract dates between Apr 20 and Apr 26,2016 Note: Data extracted on May 30,2016 Applies to landed property Information is provided by SISV Services Pte Ltd. SPH gives no warranty as to the accuracy of the information and disclaims all liability1,508 words
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Advertisement445 2016-06-02 11 Japan Real Estate Investment 0^ \tD^lj!]j^}5;l OrangeTee Japan Business Development Unit (JBD) in collaboration with Tokyu Livable Inc., Japan We cover All major cities such as Tokyo, Osaka, Nagoya, Kyoto, Fukuoka, Sendai, Hiroshima, Sapporo, etc. All asset classes: Office, Retail, Residential Hotel, Land, etc. Income yielding assets with high occupancy445 words
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Advertisement139 2016-06-02 12 FOR SALE INDUSTRIAL FACILITY IN SENOKO Address 57 Senoko Drive Land Area Approx. 312,038 sqft Gross Floor Area Approx. 229,322 sqft Tenure: 30+30 years with effect from 1982 Business 2, permissible plot ratio 1.4 Brenda Ong Raphael Lee (CEA Reg No.: R*****4Z) (CEA Reg No.: R*****4J) Tel: 9616 3336 Tel:139 words
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Advertisement80 2016-06-02 12 AUSTRALIAN PROPERTY FINANCE Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan? CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE FOR A FREE IMPARTIAL REVIEW OF ALL YOUR OPTIONS. mi W: www.smats.net E: smats@smats.net T:80 words
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Advertisement85 2016-06-02 12 EXCLUSIVE AGENT FOR SALE: PRIME SHENTON WAY SHOP SPACE Ideal for Retail F&B Banks Showrooms Supermarkets Rarely available 6,631 sf shop space on single level Coveted Shenton Way address in District 1 Very wide frontage and excellent street visibility Single tenant upside up to 5%+ rental yield No ABSD SSD,85 words
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Advertisement12 2016-06-02 13 we provide solutions not just property search.savills.com.sg EA Licence No. L*****88B savills12 words
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BANKING & FINANCE
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Article, Illustration842 2016-06-02 14 Move follows high-profile judicial investigations and regulatory probes in the US, Europe REUTERS Beijing CHINA’S biggest banks are beefing up their risk management and compliance programmes, following a series of high-profile judicial investigations and regulatory probes in the UnitedREUTERS; PHOTO: REUTERS - 842 words
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282 2016-06-02 14 REUTERS London HSBC has begun cutting senior posts in its investment banking division in a cull that could lead to dozens of staff worldwide losing their jobs, according to sources with direct knowledge of the cuts. HSBC began informing staffREUTERS - 282 words
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Article, Illustration560 2016-06-02 14 REUTERS Frankfurt LONDON Stock Exchange Group said its planned US$30 billion merger with German rival Deutsche Boerse could result in 1,250 job cuts across the combined group and should eventually lead to US$279.48 million in revenue benefits a year. LSE,REUTERS; PHOTO: BLOOMBERG - 560 words
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374 2016-06-02 14 REUTERS Frankfurt DEUTSCHE Bank scrutinises high returns from any of its businesses to avoid the conduct issues that led to a series of scandals which contributed to a record 2015 loss, its chief executive said on Tuesday. “We are focusingREUTERS - 374 words
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Page 14 Advertisements
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Advertisement482 2016-06-02 14 NOTICES THE BVI BUSINESS COMPANIES ACT, 2004 YALUMBA TREASURES LIMITED (Company Number: *****11) (the "Company") (IN VOLUNTARY LIQUIDATION) Notice is hereby given pursuant to Section 204(1 )(b) of the BVI Business Companies Act 2004, as amended, that the Company is in voluntary liquidation. The date of commencement of the liquidation482 words
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ENERGY & COMMODITIES
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593 2016-06-02 15 The issue of output rationing can be discussed after the market stabilises: Iran’s representative REUTERS Vienna IRAN said on Wednesday it would not commit to any oil-production action with fellow Opec (Organization of the Petroleum Exporting Countries) members when the group meetsREUTERS - 593 words
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Article, Illustration607 2016-06-02 15 Its use in EU jumped six-fold from 2010 to 2015, accounting for a 34% rise in biodiesel consumption AFP Paris PALM oil produced on tropical plantations that drive deforestation has become a major biofuel for vehicles in the European Union, industry figuresAFP; PHOTO: AFP - 607 words
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309 2016-06-02 15 AFP Paris DEVELOPING countries spent more on renewable power than rich ones for the first time last year, driving the fastest increase in sources of green energy on record, a study said on Wednesday. Global investment in renewable power wasAFP - 309 words
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378 2016-06-02 15 month to hold the fuel on land. REUTERS Singapore THE number of tankers storing petrol in waters off Singapore and Malaysia is dwindling as the fuel is sold off or shifted to cheaper onshore storage because of changesmonth to hold the fuel on land. REUTERS - 378 words
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Page 15 Advertisements
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Advertisement368 2016-06-02 15 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices CCD Singapore <3t3.D Savings Bonds Website: www.sgs.gov.sg/savingsbonds/ Hotline: 6221 3682 Application for Singapore Savings Bonds The Monetary Authority of Singapore (MAS) invites individuals to apply for the next issue of Singapore Savings Bonds (Savings Bonds): Issuance date' Maturity date 1 Maximum368 words
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TECHNOLOGY
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500 2016-06-02 16 Move means augmented or virtual reality gear manufacturers will be able to work with one another AFP San Francisco MICROSOFT is out to use Windows software to do for altered reality what it did for personal computers: make them commonplace. The US technology giantAFP - 500 words
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400 2016-06-02 16 REUTERS Brussels FACEBOOK, Twitter, Google’s YouTube and Microsoft on Tuesday agreed to a European Union (EU) code of conduct to tackle online hate speech within 24 hours in Europe. EU governments have been trying in recent months to get social platformsREUTERS - 400 words
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Article, Illustration974 2016-06-02 16 NYT New York NOT one shareholder showed up at Intel’s shareholder meeting last week. In person, at least. Instead, Intel’s annual meeting was entirely virtual. There was no in-person gathering site, the questions were submitted in advance, and management and the boardNYT; PHOTO: REUTERS - 974 words
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413 2016-06-02 16 WP Washington AS the deadliest time of year for teenage drivers begins, a new report says that texting and use of social media are on the rise among them as they drive. Nearly 60 per cent of crashes involving teenWP - 413 words
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571 2016-06-02 16 NYT Palos Verdes, California JEFF Bezos built Amazon into an e-commerce and computing powerhouse. Now, his ambitions are more sprawling as he takes on ever larger civic and business challenges. Those diverse interests were on display on Tuesday when Mr Bezos,NYT - 571 words
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Page 16 Advertisements
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Advertisement27 2016-06-02 16 IPL’S YOUNG GUNS Some fire, many fail A book to help children who hear voices GET YOUR COPY TOMORROW TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)27 words
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CONSUMER
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486 2016-06-02 17 REUTERS London NESTLE, the world’s biggest food company, is stepping up its push into medicine with a global deal worth up to 100 million euros (S$ 15 3.7 million) to develop and market an experimental milk allergy testREUTERS - 486 words
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596 2016-06-02 17 It would still remain one of Alibaba’s biggest shareholders with a stake of about 28% after the sale NYT San Francisco WHEN the Alibaba Group was barely a year old in 2000, the fledgling Chinese e-commerce company gained an early believer and investorNYT - 596 words
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Article, Illustration1025 2016-06-02 17 It will be listed apart from total sugars on nutrition labels from July 2018 BLOOMBERG New York SUGAR is everywhere in the American diet, and now the Food and Drug Administration (FDA) will begin highlighting just how muchBLOOMBERG; PHOTO: REUTERS - 1,025 words
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Article, Illustration543 2016-06-02 17 BLOOMBERG Hong Kong MACAU’s gaming revenue dropped more than analysts’ estimates in May, as tighter rules affecting gamblers increased the challenges for the city’s casinos including those owned by Galaxy Entertainment Group Ltd and Wynn Resorts Ltd. Gross gaming revenue fellBLOOMBERG; PHOTO: BLOOMBERG - 543 words
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GOVERNMENT & ECONOMY
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535 2016-06-02 18 Pauline Ng - New orders fall for the 15th straight month, producers trim back further on purchasing activity By Pauline Ng btworld@sph.com.sg Kuala Lumpur THE slump in Malaysian manufacturing continued to deteriorate in May with production and new orders decreasing at a significant pace,535 words
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Article, Illustration829 2016-06-02 18 Anthony Rowley - By Anthony Rowley btworld@sph.com.sg Tokyo JAPANESE Prime Minister Shinzo Abe announced a widely anticipated and controversial decision on Wednesday to delay by two-and-a-half years to October 2019 a further hike in Japan’s national consumption tax which had been due to take effectPHOTO: AFP - 829 words
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381 2016-06-02 18 REUTERS Kuala Lumpur AUTHORITIES in Malaysia have uncovered an immigration racket involving the sabotage of a computerised pass-port-screening system at its main international airport, police said on Wednesday, raising worries about hu-man-trafficking and security. The immigration department fired 15 officials on Tuesday,REUTERS - 381 words
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787 2016-06-02 18 Neil Behrmann - By Neil Behrmann btworld@sph.com.sg London LEADERS of the Leave European Union camp have promised to introduce an Australian-style points system to control immigration in the event of Brexit. UK Justice Secretary Michael Gove, Employment Minister Priti Patel, former London Mayor Boris787 words
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635 2016-06-02 19 Economy’s acceleration puts annual growth at 3.1% as mining exports fuel boom REUTERS Sydney AUSTRALIA’S economic growth boomed past expectations in the first quarter with the annual pace speeding to its fastest in over three years, an upbeat result that all but assures theREUTERS - 635 words
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920 2016-06-02 19 PBOC collecting data to monitor and control emerging risks in murky world of online financing BLOOMBERG Beijing THE People’s Bank of China (PBOC) is expanding the fight to monitor and control risks emerging in the burgeoning market for loosely regulated shadowBLOOMBERG - 920 words
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Article, Illustration1095 2016-06-02 19 BLOOMBERG Hong Kong GLOBAL defence contractors are circling for business in Asia, with countries from Australia to Vietnam upgrading and adding everything from submarines to fighter jets as China expands its military reach. Defence budgets will keep rising, according to IHSBLOOMBERG; PHOTO: REUTERS - 1,095 words
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Page 18 Advertisements
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Advertisement38 2016-06-02 18 “This is a work that not only opens the door to one of the world’s great cities, but shows you the very spirit that makes Kyoto so special.” Pico Iyer, author of The Art Of Stillness Nowonsaleatallmajorbookstoresand www.stpressbooks.com.sg38 words
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Advertisement79 2016-06-02 18 www.mbfc.sphereconference5.com Myanmar O Banking Finance Conference 28-29 June 2016 Sule Shangri-La Hotel, Yangon, Myanmar \L± Program Highlights Regulatory and industry landscape: 2016 and beyond Foreign banks increased privatisation in Myanmar Product development in Myanmar: SME banking trade financing Utilising technologies in transforming Myanmar’s banking sector Basel II in Myanmar: Are79 words
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Page 19 Advertisements
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Advertisement19 2016-06-02 19 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices19 words
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Advertisement227 2016-06-02 19 Discover Leading and Innovative Growth Companies Wholesale Investor and Shareinvestor.com have joined forces once again to bring you the Singapore Capital Expo and Small Cap Showcase June 2016 on Monday, 6th June 2016. Join Singapore’s high net worth investment community as we showcase some of Australia’s, Singapore’s and New Zealand’s227 words
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TRANSPORT
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Article, Illustration839 2016-06-02 20 But nearly two-thirds of its quarterly profit came from the Audi and Porsche divisions NYT Berlin VOLKSWAGEN is still managing to make money despite an emissions scandal; it’s just not making money selling Volkswagens. The brand problem, a persistent issue for years, hasNYT; PHOTO: REUTERS - 839 words
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894 2016-06-02 20 REUTERS Singapore NOT everyone in shipping is bemoaning the industry’s worst crisis in living memory: a cluster of companies that help preserve equipment and provide security for vessels parked around South-east Asia are busier than they have been forREUTERS - 894 words
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138 2016-06-02 20 Singapore THE tail cone of a Singapore Airlines (SIA) plane was damaged at Changi Airport on Monday evening after it was impacted by the wing of another SIA aircraft that was being towed. The incident was first reported on138 words
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Article, Illustration429 2016-06-02 20 REUTERS Hamburg THE crash of a missing EgyptAir jet has strengthened the case for “black boxes” that can pop out of an aircraft before an accident, removing the need for challenging searches on the seabed, Airbus’ most senior engineer said on Tuesday.REUTERS; PHOTO: REUTERS - 429 words
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Page 20 Advertisements
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Advertisement15 2016-06-02 20 www.omy.sg ;qa j\\ How to save money while dining out at restaurants 1 V A15 words
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Advertisement17 2016-06-02 20 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices17 words
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Page 21 Advertisements
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Advertisement986 2016-06-02 21 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10 Jul 15 Jul APL Columbus986 words
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OPINION
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585 2016-06-02 22 EDITORIAL THE Committee on the Future Economy (CFE) which was established late last year to chart new directions for the Singapore economy is, at least chronologically speaking, about halfway through its term; it is expected to present its recommendations by585 words
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Article, Illustration1798 2016-06-02 22 STEVEN SEOW, RAHUL MUDGAL - The rise of robo advisers is a catalyst for the industry, getting traditional advisers to fast-track their digital journey and embrace portfolio investing more broadly.BY STEVEN SEOW AND RAHUL MUDGAL broadly.BY STEVEN SEOW, RAHUL MUDGAL T The writers are from Mercer. Mr SeowPHOTO: REUTERS - 1,798 words
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696 2016-06-02 22 Mike Jones, Mark Alter - TTTHE BOTTOM LINE By Mike Jones, Mark Alter T Mike Jones is an executive vice-president at Booz Allen Hamilton and leads the firm’s Asia-Pacific business. Based in Singapore, Booz Allen principal Mark Alter leads strategy-based transformations for clients across696 words
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860 2016-06-02 23 Simon Johnson - COMMENTARY By Simon Johnson TThe writer is a professor at MIT’s Sloan School of Management and co-author of White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You. Washington DONALD Trump, the Republican860 words
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Article, Illustration701 2016-06-02 23 Anthony Rowley - COMMENTARY By Anthony Rowley Tokyo ARE we approaching the end of multilateralism or globalism even before it has had time to mature? It is tempting to think so from the increasing evidence suggesting that progress towards this ideal by certain sectors of the international701 words
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Article, Illustration1038 2016-06-02 23 ANATOLE KALETSKY - Like other commodities, oil now operates under a regime of competitive pricing. BY ANATOLE KALETSKY T The writer is chief economist and co-chairman of Gavekal Dragonomics, and author of Capitalism 4.0: The Birth of a New Economy in the Aftermath of Crisis. London FOR thePHOTO: REUTERS - 1,038 words
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485 2016-06-02 23 Thanos Papasavvas - COMMENTARY By Thanos Papasavvas T The writer is co-founder and chief investment officer of Equant Analytics. London THE UK is likely to stay in the European Union (EU) after the June 23 vote. So I have been backing a contrarian485 words
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LIFE & CULTURE
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Article, Illustration504 2016-06-02 24 It reflects broader fear that mainland China’s language is slowly replacing Cantonese dialect WP Washington CHILDREN the world over have grown up with the cherubic, lightning bolt-in-spired, mouse-like creature known as Pikachu, the central character of the Pokemon media franchise. Spanning television shows,WP; PHOTO: BLOOMBERG - 504 words
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Article, Illustration361 2016-06-02 24 Rachel Loi - By Rachel Loi @RachelLoiBT rachloi@sph.com.sg Singapore HEADS up foodies. You can now witness the unveiling of this year’s Michelin Guide Singapore live, at the Award Ceremony and Gala Dinner on July 21. This event will be the first-ever in the historyTHE BUSINESS TIMES FILE PHOTO - 361 words
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1457 2016-06-02 24 WP Washington BY HER mid-40s, Diana Rodriguez had envisioned a life free of kids. She’d had hers early; two sons were grown and married, and her daughter was in college.“I was kind of looking forward to having an empty nest,WP - 1,457 words
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Page 24 Advertisements
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Advertisement10 2016-06-02 24 T Visit guide.michelin.sg for more information, or to purchase tickets10 words
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Page 24 Miscellaneous
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Miscellaneous317 2016-06-02 24 CRYPTIC CROSSWORD Across 1 Finish with lovely disguised shot on court (4,6) 6 Stone circle located by mate (4) 9 Mimic shown in matter to be published about opening of theatre (7) 10 Golf and water sport on the increase (7) 12 What one may do at a reception for317 words
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