The Business Times, 17 June 2016
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2016-06-17
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The Business Times
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Title Section22 2016-06-17 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 Friday, June 17, 201622 words
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Article, Illustration229 2016-06-17 1 Sentiment among SMEs has ticked up for the first time in seven quarters despite global economic pressures, going by the latest SBF-dp SME index. TOP STORIES 2 Singapore will commit to a landmark piece of international tax reform to weed out tax avoidance by global corporations. TOP STORIES229 words
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Article26 2016-06-17 1 Thursday Change STI 2,751.56 -22.69 KL COMP 1,614.90 -13.06 NIKKEI 225 15,434.14 -485.44 HANG SENG 20,038.42 -429.10 SHENZHEN B 1,069.93 -7.08 DOW(11.45AM EDT) 17,564.70 -75.4726 words
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1019 2016-06-17 1 Melissa Tan - The postal group gets a new code of conduct and ethics for its directors, caps directors’ tenure at nine years and tweaks structure of its committees By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore IT has been just over a month since1,019 words
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925 2016-06-17 1 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore SINGAPORE Airlines (SIA) will restart non-stop flights to the US earlier than expected when it launches direct services to San Francisco from October using the A350-900, which will see it925 words
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Advertisement151 2016-06-17 1 8 "887 1 8 1 *****1 the business times The Power of Dreams 53 Meet the statement of your status, the all-new Honda Legend Sport Hybrid SH-AWD. A breathtaking V6 3.5L Direct Injection i-VTEC® engine leads the way. A refined interior complete with hand-stitched leather seats and a 14-speaker KRELL®151 words
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Advertisement27 2016-06-17 1 HOCK LOCK SIEW Genting Singapore’s J factor lost in a glum narrative companies markets 8 IPO Singapore possible listing venue for Kazakhstan’s Air Astana TOP STORIES 427 words
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Advertisement26 2016-06-17 1 FESTIVAL FRENZY The phenomenon and the savvy entrepreneurs who have jumped on the bandwagon BT LIFESTYLE 28 Choose the right accountant for the job OPINION 2226 words
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TOP STORIES
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447 2016-06-17 2 Vivien Shiao - But DP Info says SMEs still face global economic headwinds in the form of Brexit and possible Fed rate hikes By Vivien Shiao vshiao@sph.com.sg @VivienShiaoBT Singapore DESPITE global economic pressures, sentiment among local small and me-dium-sized enterprises (SMEs) has ticked up for the447 words
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Article, Illustration861 2016-06-17 2 Revisions hurt investors’ faith in the central bank’s ability to communicate the path of rates BLOOMBERG New York IT’S the Fed that cried wolf. After US central bank officials including chair Janet Yellen signalled for weeks that they expected to raise interest rates inBLOOMBERG - 861 words
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Article, Illustration600 2016-06-17 2 LATEST US DATA REUTERS Washington US consumer prices moderated in May, but sustained increases in housing and healthcare costs kept underlying inflation supported, which could allow the Federal Reserve to raise interest rates this year. While another report on Thursday showed anREUTERS; PHOTO: AFP - 600 words
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841 2016-06-17 3 Jamie Lee - OECD-led BEPS initiative designed to deter large entities from artificially shifting profits to low-tax jurisdictions By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SINGAPORE will commit to a landmark piece of international tax reform to weed out tax avoidance by global841 words
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567 2016-06-17 3 Jamie Lee - Survey respondents expect cost to rise amid rising scrutiny of financial institutions and transactions By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SOME US$1.5 billion per year has been spent in Asia for anti-money laundering (AML) compliance at banks, a recent study567 words
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500 2016-06-17 4 Jacquelyn Cheok - They ink deal to help fintechs from their respective countries to scale each other’s markets B y Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore FINTECH (or financial technology) continues to win favour among governments worldwide, with Singapore and Australia becoming the latest countries to pledge to500 words
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Article, Illustration725 2016-06-17 4 Anthony Rowley - By Anthony Rowley btworld@sph.com.sg Tokyo AMID renewed waves of financial market turbulence cause by the imminence of Britain’s Brexit vote, and uncertainty over the future course of US interest rates, the Bank of Japan (BOJ) opted for stability on Thursday when its725 words
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Article, Illustration843 2016-06-17 4 Soon Weilun - But current economic conditions denting Republic’s attractiveness, says its chief By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Almaty, Kazakhstan SINGAPORE is one of only three markets that Central Asia’s most profitable carrier is looking at for an eventual public listing843 words
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Article, Illustration689 2016-06-17 4 Lee U-Wen - EURO 2016: COMMENTARY By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT ZLATAN Ibrahimovic, the lanky striker from Sweden, was asked at a press conference last weekend if, at the age of 34, he could finally stamp his mark on a major international football tournament.689 words
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Advertisement90 2016-06-17 2 I.C Jt tK 'M oo Mi Expressing Emotions Nanyang Ink Works by Nai Swee Leng Vr Guest of Honour: Mr LOW Sze Wee, Director (Curatorial Collections) National Gallery, Singapore Opening Date: Saturday 11 June 2016, 3pm venue ION Art Gallery, Level 4 ION Orchard Exhibition Period: 12 19 June 201690 words
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Advertisement17 2016-06-17 2 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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Advertisement157 2016-06-17 3 COUNTDOWN COMPLETE. NOW IS AN EVEN BETTER TIME FOR BEST VALUE PERFORMANCE. OWN A BMW FROM $968/MONTH*. AND SEIZE YOUR CHANCE THIS WEEKEND TO ENJOY EXCLUSIVE OFFERS*. The BMW Performance Fest is ending soon and there is no better time to drive one home at an exclusive price*. Every order157 words
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COMPANIES & MARKETS
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390 2016-06-17 6 Tan Hwee Hwee - It is ahead of its rival Prosafe for the contract to support the setup of this project off Australia By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore PACC Offshore Services Holdings (POSH), a listed offshore-and-marine group partly owned by Malaysian tycoon390 words
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Article, Illustration427 2016-06-17 6 Mindy Tan - Group hedged against currency fluctuation as property borrowing is in sterling, says spokesman By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore PROPERTY developer UOL Group has completed its purchase of 110 High Holborn in London, just days ahead of a referendum on June 2 3FILE PHOTO - 427 words
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Article, Illustration436 2016-06-17 6 Aqil Luqman Nurhakim - By Aqil Luqman Nurhakim nluqman@sph.com.sg Singapore THE SPDR Gold Shares ETF traded on the Singapore Exchange (SGX) got a boost on Thursday as gold prices rallied following the decision by the US Federal Open Market Committee (FOMC) to keep interest ratesSource: Bloomberg - 436 words
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208 2016-06-17 6 Singapore NOBLE Group shares fell as much as 4 per cent on Thursday after Standard Poor’s cut the Singapore-based commodity trader’s credit rating deeper into junk territory, to B+ from BB-, and assigned a negative outlook. The shares fell to as low as S$0.22,208 words
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789 2016-06-17 8 ANITA GABRIEL - The casino firm’s unlucky streak could last a few more quarters before Jeju turns the table in its favour HOCK LOCK SIEW BY ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT THE woeful narrative on casino giant Genting Singapore, the operator of Resorts World Sentosa,789 words
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439 2016-06-17 8 BLOOMBERG Shanghai INVESTORS need more time to assess China’s pledge to stamp out arbitrary stock trading halts, MSCI Inc says. China Vanke Co is shaping up as a test case. Vanke, whose mainland-listed shares have been suspended since Dec 18BLOOMBERG - 439 words
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CORPORATE DIGEST
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Article98 2016-06-17 8 GLOBAL Logistic Properties (GLP) has further syndicated its stake in a portfolio of industrial assets in the United States. Its indirect wholly owned subsidiary New western Holdings had on Wednesday entered into agreements with a new co-investor, under which GLP will further syndicate an interest of about98 words
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Article99 2016-06-17 8 CATALIST-LISTED oil and gas engineering firm NauticAWT has proposed to place out 15 million new shares at S$0.174 each to raise S$2.6 million. The shares will be issued to Harps Holdings, a private investment company with marine interests focused on the African market. NauticAWT’s total shares in issue will99 words
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Article85 2016-06-17 8 STARLAND Holdings, a Catalist-listed property developer, said Singapore Exchange has given it an extension till June 23, 2017, to meet a free-float requirement. Starland is undergoing a potential reverse takeover by trading platform firm Ayondo. Starland’s free float had fallen below 10 per cent after an offer by85 words
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Article, Illustration606 2016-06-17 9 Cai Haoxiang - UK-listed fund house says Republic is a very important hub in wealth management and private banking By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore AS Singapore grows in importance as a wealth management hub, it is attracting more fund houses looking to expandPHOTO: ARTHUR LEE - 606 words
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622 2016-06-17 9 BLOOMBERG Frankfurt MIDEA Group Co, China’s biggest appliance manufacturer, began a tender offer to raise its stake in Kuka AG that values the industrial robot maker at 4.6 billion euros (S$6.9 billion) and has provoked calls from within theBLOOMBERG - 622 words
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Article, Illustration63 2016-06-17 10 STI Catalist Straits Times Index June 16,2016 2,751.56 -22.69 (-0.82%) Current streak 1 day Day high 2,770.99 Day low 2,744.31 52-week high 3,373.48 (July 20, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index June 16,2016 438.51 -0.77 (-0.18%) Current streak 1 day Day high 440.63 Day low63 words
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Article, Illustration670 2016-06-17 10 Melissa Tan - All but 8 of the 30 STI component stocks in the red; decline led by the 3 local banks, Singtel and Keppel Corp STOCKS By Melissa Tan melissat@sph.com.sg @MelissaTanBT IT used to be that the sun never set on the British empire. These days,Source: Bloomberg - 670 words
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Article305 2016-06-17 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 230 unch 232/228 253 209 6.7 6061.2 CapitaCom Trust 139 +0.5 140.5/138.5 157.5 122.5 6.2 4109.3 CapitaLand 296 -3 301/296 358 267 11.8 3 *****.8 CapitaMall Trust 202 unch 204/202 224 184.5305 words
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Article36 2016-06-17 10 VOLUME Ezra 65,625,900 Golden Agri-Res 43,852,500 Addvalue Tech 37,723,500 SinoCloud 37,001,800 Anchor Resources 31,319,200 Market volume 1,237,035,000 VALUE DBS Grp 121,598,013 Singtel 92,833,064 OCBC Bank 50,020,586 UOB 42,770,865 JMH USD 30,809,177 Market value 977,724,00036 words
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Article112 2016-06-17 10 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 279 -3 707 281/279 343/254 279/280 DBXT MS SING US$ US110.4 -0.1 300 110.7/110.4 129.8/97.5 110.1/110.5 5.5 IS MS INDIA US$ US674 -5 87 695/673 780/575 674/677 84.3 GLD US$ US***** +239 54 *****/*****112 words
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Article77 2016-06-17 10 Jun 16 VALUE CLOSE BT OB/OS -316.00 -157.00 BT CADI -*****.00 -134.00 BT 10-day MA -*****.00 -32.00 FTSE ST Mid Cap 661.64 -5.69 FTSE ST Small Cap 386.18 -4.69 FTSE ST All Share 673.12 -4.83 FTSE ST China Top 157.09 -2.27 FTSE ST China 185.38 -2.06 FTSE77 words
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Article, Illustration34 2016-06-17 10 STI FTSE ST All-Share ftse ST All-Share index June 16,2016 673.12 -4.83 (-0.71%) Current streak 1 day Day high 677.12 Day low 672.32 52-week high 806.37 (July 20,2015) 52-week low 625.37 (Jan 21, 2016)34 words
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Article, Illustration32 2016-06-17 10 STI MSCI EAFE MSCI EAFE index June 15,2016 1,589.69 +13.47 (+0.85%) Current streak 1 day Day high 1,595.35 Day low 1,572.54 52-week high 1,922.70 (June 22,2015) 52-week low 1,492.43 (Feb 12, 2016)32 words
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Article186 2016-06-17 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 10 3 0 1 0 4 11 3 Manufacturing 31 47 25 5 10 16 36 57 41 Commerce 11 27 10 6 8 2 17 35 12 Tpt/Stor/Comms 4 18 8186 words
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Article121 2016-06-17 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 20,536 41 20,577 60,081 7 60,089 Manufacturing 79,917 32,310 112,227 83,844 915 84,759 Commerce 49,481 46,364 95,845 82,019 1,088 83,107 Tpt/Stor/Comms 155,325 300 155,625 188,883 26 188,908 Finance 27,379 15 27,394 226,897 2 226,899 Construction121 words
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Article79 2016-06-17 10 VOL CLOSE($) CHANGE Enviro-Hub 350.2 0.065 +0.029 +80.56 TA 106.5 0.245 -0.040 -14.04 WE 12,970.0 0.005 +0.001 +25.00 Shinvest 10.0 0.800 +0.100 +14.29 Jasper Inv 3,570.4 0.007 +0.001 +16.67 GSS Energy 699.0 0.060 -0.012 -16.67 Lion Asiapac 68.0 0.270 -0.020 -6.90 Cacola 770.0 0.008 +0.003 +60.00 Santak 47.079 words
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Article73 2016-06-17 10 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 322.8 2.0 *****/***** JMH USD 5500 51.3 0.7 6103/4500 JSH USD 2901 48.6 1.3 3300/2524 DBXT Vietnam US$ 2397 31.1 1.0 2786/2017 DBS Bk 4.7% NCPS ***** 20.0 0.2 *****/***** BY PERCENTAGE CLOSE UP 52w high/low Enviro-Hub 6.5 80.6 2.973 words
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Article73 2016-06-17 10 BY CENTS CLOSE DOWN 52w high/low SPDR DJIA US$ ***** -318.7 -1.3 *****/***** SPDR S&P500 US$ ***** -175.6 -0.6 *****/***** DBXT STGLDv US$ 2896 -95.9 -2.4 3124/2731 Jardine C&C 3244 -87.0 -2.6 4520/2636 DBXT China50 US$ 2680 -75.6 -2.0 3942/2355 BY PERCENTAGE CLOSE DOWN 52w high/low Yongnam R1 0.173 words
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BROKERS’ TAKE
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Article111 2016-06-17 10 Thai Beverage Hold June 16 close: S$0.92 Target price: S$0.89 OCBC Investment Research, June 16 Post Q1 2016 results, Thai Beverage’s (Thai Bev) share price has done well thus far. Looking ahead, we believe that Beer will drive growth in the coming years while the Spirits segment would see a111 words
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Article116 2016-06-17 10 Property developers Overweight CIMB Research, June 15 The near term build-up in unsold inventory facing Qualifying Certificate and Additional Buyers Stamp Duty penalties by developers are likely to intensify in 2017. Hence, we think selected projects may see a heavier drag on selling prices as developers start to clear inventory.116 words
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Article82 2016-06-17 10 Singapore Airlines Hold June 16 close: S$10.50 Target price: S$11.60 UOB Kay Hian Research, June 16 SIA’s passenger loads fell 0.9 percentage points in May on the back of a decline in traffic. The bright spot is the strong traffic growth of subsidiaries Scoot and SilkAir. Meanwhile, the removal of82 words
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Article179 2016-06-17 10 Cai Haoxiang - Sinwa Limited Not rated Compiled by Cai Haoxiang June 16 close: S$0.255 UOB Kay Hian Research, June 16 Sinwa is trading at nine times 2015 earnings. It is one of the leading marine, offshore supply and logistics players servicing the marine and offshore industry. It has a diversified customer base179 words
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460 2016-06-17 11 CURRENCIES REUTERS London THE yen surged by more than 2 per cent against the US dollar on Thursday to hit a 22-month high, after the Bank of Japan held off from expanding its monetary stimulus programme and the US Federal Reserve struckREUTERS - 460 words
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FOREX RATES
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Article471 2016-06-17 11 Jun 16 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.954 4.842 0.653 5.707 49.461 98.183 0.764 8.632 3.011 1.045 76.939 34.147 0.993 11.285 0.707 23.784 25.903 0.520 0.735 Canada 1.048 5.074471 words
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Article155 2016-06-17 11 Jun 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9929 0.9941 0.7352 0.7357 Canadian dollar 1.0404 1.0415 0.7708 0.7704 Euro 1.5217 1.5228 1.1268 1.1270 NZ dollar 0.9502 0.9512 0.7036 0.7040 Sterling pound 1.9084 1.9099 1.4131 1.4135155 words
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Article22 2016-06-17 11 Jun 16 S$ Bid Offer 1-month 1.3507 1.3516 2-months 1.3512 1.3522 3-months 1.3517 1.3527 6-months 1.3534 1.3545 Source: OCBC22 words
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EQUITY BONDS WARRANTS FUTURES
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204 2016-06-17 11 Jun 16 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 9.3 -0.7 5825 0.1 1620 4 STI 2800 MB ePW*****1 8.3 0.2 5380 0.0 2 UOB MB eCW*****1 8.6 -0.8 4314 0.1 1850 4204 words
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377 2016-06-17 11 In local curr In S$ In US$ dy yr dy yr dy yr Jun 15 Index Change Change Change Change Change Change World Preliminary 1236.7 0.3 -3.2 0.3 -6.0 0.4 -1.5 EAFE Preliminary 902.6 0.6 -10.9 0.8 -11.6 0.9 -7.4 Europe Preliminary 1278.3 0.9 -9.5377 words
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Article387 2016-06-17 11 Jun 16 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jun16 9155.00 9177.50 9100.00 9155.00 *****8 *****9 Jul16 9017.50 9040.00 8970.00 9017.50 2511 7316 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 *****7 *****8 Dec16 *****.00 *****.00 *****.00 *****.00 249 3964 MSCI TAIWAN387 words
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BANK RATES
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Article154 2016-06-17 11 Jun 16 $S Offer Bid 0vernight 0.05 0.03 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.10 US$ 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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Article67 2016-06-17 11 Jun 16 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.19 99.20 99.20 5-Year NX*****X 2.250 01-Jun-21 103.64 103.80 103.60 10-Year NX*****F 2.125 01-Jun-26 101.19 101.50 101.10 15-Year NZ*****F 2.875 01-Sep-30 107.15 107.25 107.20 20-Year NZ*****V 3.375 01-Sep-33 114.2967 words
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AGRI METALS ENERGY
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Article250 2016-06-17 11 Jun-15 Price Net change change Last Trade Agricultural Jun-15 CBOT Soybeans (US cents/bu) 1156.00 -13.50 -1.15% 14/07/2016 CBOT Soybean Oil (US cents/lb) 31.96 -0.56 -1.72% 14/07/2016 CBOT Wheat (US cents/bu) 477.50 -7.50 -1.55% 14/07/2016 Jun-15 LIFFE Cocoa (£/tonne) 2325.00 17.00 0.74% 14/07/2016 LIFFE Coffee (US$/tonne) 1611.00 -7.00 -0.43%250 words
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Article1715 2016-06-17 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 151.5 127 AIMSAMP Cap Reit 137 -0.5 77 138 137 0.9 8.3 871.9 Div 170.7 101 ARA Asset Mgmt 139.5 -0.5 527 140.51,715 words
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Article340 2016-06-17 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld 0.9 0.2 t Advanced Systems 0.2 unch 1 0.2 0.2 5.3 MCap High LOW 19.9 8.3 t Anchor Resources 11.8 +1.3 ***** 12.1 10.7 33 Sale340 words
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Article150 2016-06-17 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1293 991 CIMBASEAN40 S$D 1106 -42 0 1106 1106 957 700 CIMBASEAN40 US$ US812 -8 0 812 812 127.4 3942 2355 DBXT China50 US$ US2680 -56 11 2735150 words
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Advertisement493 2016-06-17 6 IN THE MATTER OF THE LIMITED LIABILITY PARTNERSHIPS ACT, CHAPTER 163A AND IN THE MATTER OF GE AVIATION SERVICE OPERATION LLP (IN VOLUNTARY LIQUIDATION) UEN: T06LL1487D NOTICE OF RESOLUTIONS Partners’ Resolutions in writing passed pursuant to Clause 11.4 of the Amendment And Restatement (No.1) to the Limited Liability Partnership Agreement493 words
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Advertisement1676 2016-06-17 6 NOTICES TOLL FREE 1800 289 8822 I E ma il no t i ces s p h com s g I www s p h c l ass com s g no t i ces IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ALLIANCE1,676 words
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Advertisement916 2016-06-17 8 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 l916 words
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Advertisement847 2016-06-17 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF VM DRILLING SERVICES (S) PTE. LTD. (IN MEMBERS’ VOLUNTARY LIQUIDATION) REG NO. *****2771E NOTICE OF RESOLUTIONS The Members’ Resolution set out below were duly passed at an Extraordinary General Meeting of the abovenamed Company deemed to847 words
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Advertisement575 2016-06-17 8 THE BVI BUSINESS COMPANIES ACT, 2004 NEW PRIME VENTURES LIMITED (Company Number: *****67) (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 liquidation575 words
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Advertisement105 2016-06-17 8 THE BVI BUSINESS COMPANIES ACT, 2004 Spring Bay Equities Ltd Company No. *****63 (the “Company”) a BVI Business Company NOTICE OF LIQUIDATOR’S APPOINTMENT NOTICE IS HEREBY GIVEN pursuant to section 204 (1) (b) of the BVl Business Companies Act, 2004 that Yap Qi, Adeline of One Raffles Place, #28-02 Tower105 words
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Advertisement304 2016-06-17 9 To the Graduates of SMU-SID Executive Diploma in Directorship and SMU-SID Executive Certificate of Directorship 17 June 2016 This event marks the graduation of 43 directors and senior executives who have successfully completed the Executive Diploma in Directorship programme and Executive Certificate in Directorship programme conducted by Singapore Management University304 words
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Advertisement9 2016-06-17 10 For full listings of SGX prices, go to http://btd.sg/BTmkts9 words
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Advertisement94 2016-06-17 12 SGX^ Research like a pro. Try out SGX StockFacts The free research and stock fundamentals portal dedicated to SGX-listed companies Singapore Exchange sgx.com/stockfacts This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or sell, nor financial advice or recommendation, in relation94 words
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BANKING & FINANCE
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559 2016-06-17 13 Restructuring experts are badly needed at a time when many oil, coal and retail companies are in distress BLOOMBERG New York THE job market is grim on Wall Street. Trading desks are shrinking, hiring is flat, even incentive pay is taking aBLOOMBERG - 559 words
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Article, Illustration751 2016-06-17 13 NYT New York FOR decades, the buyers in some of the largest deals had come in three forms: private equity firms, corporations and public-market investors. But over the past few years, a new group of buyers has sprung up: Sovereign wealth funds,NYT; PHOTO: NYT - 751 words
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Advertisement82 2016-06-17 13 REITs SYMPOSIUM THE LARGEST REITS EVENT IN TOWN2016 to all our attendees and partners for making our REITs Symposium 2016 a resounding success. We look forward to seeing you again in 2017. Event Partners Supported By Jointly Organised By Participating REITs Companies All forms of investments carry risks, including the82 words
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ENERGY & COMMODITIES
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653 2016-06-17 14 BLOOMBERG Singapore AFTER relishing a cocktail of cheap crude mixed with profits from fuel sales, Asia’s oil processors are facing their reckoning over a lack of restraint. Profits from turning crude into fuel in Asia since the beginning of April have averaged almost aBLOOMBERG - 653 words
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Article, Illustration763 2016-06-17 14 By end-2017, Opec must pump almost 1m bpd above May’s production level to keep the market in equilibrium BLOOMBERG London THE world’s most prominent oil forecaster, the International Energy Agency (IEA), anticipates near-equilibrium between supply and demand in global crude marketsBLOOMBERG; PHOTO: REUTERS - 763 words
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910 2016-06-17 14 BLOOMBERG London THE latest mechanism designed to support solar power is proving wildly successful in squeezing down the cost of energy. It’s also threatening to destabilise the renewable-energy industry. From India to Mexico and the United Arab Emirates, authorities are moving awayBLOOMBERG - 910 words
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Advertisement389 2016-06-17 14 Subscribe with S|Jl at Yummy Food Expo and get a $50 CASH VOUCHER TI IK STRAITS TIMES THE BUSINESS TIMES £j rr-V.r. c Mjii Seniors can use more of n ®n**n*E>w Medisave for litk \d I -t 1 r 1 Tr«WJ3-r'T-H Reason: She ’slept’ with one of the women’s boyfriend389 words
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TECHNOLOGY
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590 2016-06-17 15 Move is in response to competition from marketplaces that help Chinese merchants ship directly to US shoppers Seattle AMAZON.COM Inc is slashing fees it charges merchants to sell USB cables, smartphone screen protectors and other small, flat items that can fit in590 words
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Article, Illustration278 2016-06-17 15 BLOOMBERG Seoul SAMSUNG Electronics Co will acquire Joyent Inc to expand in cloud computing as the world’s largest smartphone maker looks beyond hardware for revenue growth. The deal will help Samsung build its cloud infrastructure, the Galaxy maker saidBLOOMBERG - 278 words
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601 2016-06-17 15 AFP Washington AS more gruesome crimes and attacks show up on live online video, social media platforms are facing new challenges on preventing the spread of gruesome and horrific content. The challenge was underscored in Monday’s deadly attack on a policeman andAFP - 601 words
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Advertisement344 2016-06-17 15 M > f 1 3 11i M f< ST JOBS CAREER& DEVELOPMENT2016 JT’S ALL ABOUT future U Future Leaders Summit 2016 (Jul) leaders Powered by NTUC ST Jobs Sat'S: 1 ■iWB Uv-i Si an NTUC nitiative FUTURE-READY CAREERS AMID GLOBAL TRANSFORMATION Amidst globalisation, digitisation and technological advancements, have you ever344 words
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REAL ESTATE
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408 2016-06-17 16 REUTERS Rio de Janeiro WITH hotels mostly booked, landlords are charging a pretty penny for tourists still seeking accommodation in Rio de Janeiro for the Olympics in August asking as much as US$2,305 per night for a three-bedroom apartmentREUTERS - 408 words
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Article, Illustration1002 2016-06-17 16 Cheah Ui-Hoon - Hotelier helms parent of company behind small luxury hotel of 35 rooms By Cheah Ui-Hoon uihoon@sph.com.sg Penang MALAYSIA will see its eighth Small Luxury Hotels of the World (SLH) property open next month, this time in Penang. It’s a first1,002 words
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316 2016-06-17 16 BLOOMBERG Hong Kong SUN Hung Kai Properties Ltd, Hong Kong’s largest developer by market value, is offering mortgages worth as much as 120 per cent of a home’s value at one of its projects as sales have slumped in the city.BLOOMBERG - 316 words
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496 2016-06-17 17 Renald Yeo - It drops 4 spots from a year ago as occupancy costs slide by 13.8% to US$94.47 psf per annum; Hong Kong retakes No 1 spot, pipping London’s West End By Renald Yeo yrenald@sph.com.sg Singapore AMID strong and stable demand for496 words
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Page 16 Advertisements
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Advertisement148 2016-06-17 16 JAPAN PROPERTY FOR SALE KYOTO KIYOMIZU FREEHOLD Up to 6.27% returns Central location in KYOTO High yield units bulk sales (9 units) Ave confirmed return 5.72% (6.27% 4.46%) All units have rented out already! S$2.04M (S$1 =85 jpy) Contact 9 units Studio type (26.91m2 –30.96m2 including balcony) Extra reinforce concrete148 words
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Advertisement197 2016-06-17 16 a yiAAiv® Australian Migration Agents AUSTRALIA BUSIHESsTmUESTMEHT flUD VISA CONDITIONSW With 25 years of experience Robert K Chelliah, an expert in Australian Migration policies and procedures is providing a value packed seminar in collaboration with Bruno Delfante from the WA State Government. Provisional State Sponsorship granted to eligible seminar participants.197 words
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Page 17 Advertisements
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Advertisement905 2016-06-17 17 D10 HOUSE FOR SALE GARLICK VICINITY Good Class Bunglw. F’hold Land 27,829sf. Flat at road level. Bldg area approx 15,000sf. Main Annexe blocks. Garage, pool, landscaped gdn. Qu iet private. TKE 6251 7387 D10 HOUSE FOR SALE NASSIM Nassim vicinity Prime Good Class Bungalow (GCB). ***** sqft Majestically renovated. 5905 words
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CONSUMER
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Article, Illustration983 2016-06-17 18 When the global giant opens its first store next year in Milan, it will be challenged by smaller local chains BLOOMBERG Milan ITALY, home of the world’s most sophisticated espresso drinkers, will get its first taste of Starbucks coffee shops next year. TheyBLOOMBERG; PHOTO: AFP - 983 words
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494 2016-06-17 18 BLOOMBERG New York VISA Inc appealed to the public as it responds to Wal-Mart Stores Inc’s decision to stop accepting the network’s cards in Canada, accusing the retailer of “unfairly dragging” millions of shoppers into private negotiations over card fees. Walmart’sBLOOMBERG - 494 words
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Page 18 Advertisements
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Advertisement32 2016-06-17 18 IR-S~@tt.fl zaobao.sg I41XRM: §swssm*h*ss! bit.ly/zb_FathersDay From the kids: My daddy is a superhero! V 4^VT m X y www.omy.sg it^aAftenw IMMERSE YOURSELF IN THESE STAR BLOGGERS STORIES mm lii SCAN&READ 0 *f/\32 words
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Advertisement54 2016-06-17 18 SINGAPORE Q UALIFIERS presented by TIME TO VIE FOR A SPOT TO REPRESENT SINGAPORE AT THE WORLD AMATEUR GOLFERS CHAMPIONSHIP IN DURBAN, SOUTH AFRICA SIGN UP NOW www.tnp.sg/WAGC SINGAPORE QUALIFIERS 20, 26 JULY 2016 SINGAPORE FINALS 2 AUGUST 2016 ENTRY FEE $480 GOODIE BAG WORTH OVER $750 VENUE TANAH MERAH54 words
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Advertisement317 2016-06-17 18 Dr Tee will be teaching the powerful methods step by step, how to select strong global giant stocks, waiting to buy at low price and finally selling at high. With actual examples for stocks, properties, forex etc, the Optimism Strategies are applicable for all investment markets. Learn how to buy317 words
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GOVERNMENT & ECONOMY
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Article, Illustration927 2016-06-17 19 They say that they’re ready to stabilise their currencies using liquidity facilities left over from the crisis era WP Washington GLOBAL central banks on Thursday sounded the alarm over the risks posed by a British departure from the European Union, as polls continued toWP; PHOTO: BLOOMBERG - 927 words
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Article, Illustration913 2016-06-17 19 BLOOMBERG Beijing SAUDI Arabia’s Deputy Crown Prince Mohammed Bin Salman is making his solo Washington debut this week, pitching an economic plan to investors and trying to counter negative views among US lawmakers that his country isn’t stopping terrorist financing. Just don’tBLOOMBERG; PHOTO: AFP - 913 words
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417 2016-06-17 19 Central bank likely bracing itself for any fallout from an increase in risk aversion BLOOMBERG Jakarta INDONESIA’S central bank cut its benchmark interest rate for the fourth time this year, indicating its willingness to support economic growth in theBLOOMBERG - 417 words
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Page 19 Advertisements
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Advertisement29 2016-06-17 19 HOW INDIA’S TAX TREATY WITH MAURITIUS WILL IMPACT INVESTMENTS FROM SINGAPORE Face in the Crowd JOYFUL CATALYST GET YOUR COPY TODAY TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)29 words
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Advertisement16 2016-06-17 19 All you need is love (and coffee) Grab a copy at all good bookstores and www.stpressbooks.com.sg16 words
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Advertisement52 2016-06-17 19 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 P R I C E $620.60 To register or find out more about our workshops, visit http://learning.stjobs.sg/ workshops52 words
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TRANSPORT
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Article, Illustration565 2016-06-17 20 BLOOMBERG Paris VOLKSWAGEN AG’s European market share contracted by the most since December last month as the lingering effects of its emissions-cheating scandal prevented the German carmaker from taking advantage of improving sentiment among car buyers. Five-month sales by the VolkswagenBLOOMBERG; PHOTO: REUTERS - 565 words
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691 2016-06-17 20 Move benefits SIA, AirAsia and has the potential to attract new investments from Middle Eastern carriers BLOOMBERG New Delhi IT’S the news foreign carriers had been waiting to hear for years. After more than a decade of deliberations, India finally unveiledBLOOMBERG - 691 words
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653 2016-06-17 20 WP Washington BOEING could hardly step into a more sensitive, touchy deal than the imminent agreement to sell about 100 passenger jets to the Islamic Republic of Iran. With the sale, Boeing faces unique political risks in the US with potentialWP - 653 words
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Article, Illustration1359 2016-06-17 20 BLOOMBERG Bengaluru BHAVISH Aggarwal, co-founder of the ride-hailing service Ola, is in a pitched battle with Uber Technologies Inc for domination of India’s streets. But late last year, the streets of Chennai disappeared as monsoon rains flooded miles ofBLOOMBERG; PHOTO: BLOOMBERG - 1,359 words
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Page 21 Advertisements
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Advertisement1140 2016-06-17 21 the Business times Shipping times MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC KK JKT SUR COSMIC ACE 010 100 29/6 1/7 3/7 5/7 POSITIVE STAR 116 100 30/61,140 words
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Advertisement376 2016-06-17 21 C a i l a n ~E n n o r e J e d d a h B r i s b a n e Shanghai Chittagong Ho Chi Minh H o J e b e l A l i n g NYK RORO (ASIA) PTE. LTD. K o376 words
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Advertisement732 2016-06-17 21 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6470 9100 Fax: (65) 6235 3623 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN FIGARO FF622 02/06 06/06 08/06 12/06 17/06 23/06 TALISMAN FF623 14/06 18/06 20/06 22/06 27/06 04/07 FEDORA FF625 30/06 04/07 06/07 08/07732 words
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OPINION
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576 2016-06-17 22 EDITORIAL CHINA suffered a setback earlier this week when the MSCI decided to delay yet again the inclusion of its domestic A-share market into the key Emerging Markets Index. In the run-up to the announcement, analysts had been broadly optimistic,576 words
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Article, Illustration787 2016-06-17 22 Anthony Rowley - THE BOTTOM LINE By Anthony Rowley Tokyo DREAM or nightmare, Brexit clearly could happen, and it is to be hoped that Prime Minister David Cameron’s government is spending as much time thinking about bold alternatives to Britain’s membership of the European Union787 words
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Article, Illustration1420 2016-06-17 22 TITUS KUAN, SHARON TAN CHIU PING - The key factor for a company is to identify an accounting firm, regardless of size, with the capabilities to deliver high-quality service. BY TITUS KUAN AND SHARON TAN CHIU PING BY TITUS KUAN, SHARON TAN CHIU PING T Titus Kuan is director ofFILE PHOTO - 1,420 words
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855 2016-06-17 23 Rajen Manicka, Meiert Grootes - COMMENTARY By Rajen Manicka, Meiert Grootes T Dr Manicka is chairman and CEO of Australia Securities Exchange-listed Holista Colltech; Mr Grootes is CEO of Switzerland-based Veripan AG. AMID rising concerns that dietary habits are leading to a global pandemic of obesity, the debate855 words
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766 2016-06-17 23 Elizabeth Hernandez - COMMENTARY By Elizabeth Hernandez T The writer is head of Asia-Pacific Policy at Facebook. As more of the world connects to the Internet, data is helping us make more informed decisions and solve big societal problems. Here766 words
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Article, Illustration1062 2016-06-17 23 GERY MESSER - People are the key foundation of any business. Here are some strategies to attract the kind of people you want. BY GERY MESSER want.BY GERY MESSER T The writer is managing director for the Asia-Pacific at CenturyLink. WithoutPHOTO: FREEIMAGES - 1,062 words
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CITY LIFE
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Article, Illustration961 2016-06-17 24 AVANTI NIM - At the Epicurean Market, organised by Marina Bay Sands, visitors can indulge their taste buds at affordable prices. BY AVANTI NIM avantin@sph.com.sg WHILE most people tend to get excited at the prospect of eating at a restaurant opened by a celebrity chef, the excitement961 words
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CITY BUZZ BT writers’ picks of what to see, do or talk about
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Article, Illustration230 2016-06-17 24 Tay Suan Chiang - By Tay Suan Chiang DINING Ehime Food Sake Fair YOU may be familiar with produce from the Kanto and Kansai regions or from Hokkaido, but what about food from Ehime prefecture? Located in the northwestern part of Shikoku, Ehime is the top citrus or mikan producer in230 words
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Article, Illustration246 2016-06-17 24 Dylan Tan - MUSIC By Dylan Tan FRESH from Gentle Bones' sold-out headlining shows last weekend, two more local singer-songwriters will be staging their own big scale concerts this Friday. Tay Kewei celebrates the seventh anniversary of her musical journey with her show “Chi” which phonetically sounds like the number 7246 words
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Article, Illustration178 2016-06-17 24 Helmi Yusof - WRITING By Helmi Yusof AWARD-WINNING playwright Huzir Sulaiman (Atomic Jaya, The Weight of Silk on Skin) is responsible for nurturing many talented young playwrights such as Faith Ng (Normal) and Joel Tan (Cafe). He also adapted Tan Twan Eng’s Man Booker Prize shortlisted novel The Garden178 words
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Article, Illustration166 2016-06-17 24 Helmi Yusof - FESTIVAL By Helmi Yusof NEXT week marks the opening of The O.P.E.N. (Open Participate Engage Negotiate), a pre-festival of ideas that’s a precursor to the main event in August, the Singapore International Festival of Arts. For a single ticket priced at S$45 from Sistic, you get access to166 words
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Article, Illustration186 2016-06-17 24 Rachel Loi - DINING By Rachel Loi TAKE your belly on a trip to Latin America, at the upcoming Six Hands Dinner at the Argentinian restaurant boCHINche next weekend. For one night, the restaurant's chef patron Diego Jacquet will be cooking alongside Peruvian chef Daniel Chavez of OLA Cocina Del186 words
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MUSIC
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Article, Illustration684 2016-06-17 25 DYLAN TAN - The jazz-pop singer-songwriter swears by the healing powers of music therapy after it helped her pull through a horrible accident. BY DYLAN TAN BY DYLAN TAN IF music is a drug, Melody Gardot will happily say she's addicted to it. The Grammy-nominated jazz-crossover singer-songwrit-er wasPHOTO: FRANCO P TETTAMANTI - 684 words
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Article, Illustration622 2016-06-17 25 Dylan Tan - By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT THE Temper Trap may be a man down after its long-time lead guitarist Lorenzo Sillitto left the indie outfit but that has also brought its remaining members closer. The title of their new album, Thick As Thieves, is622 words
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Article, Illustration619 2016-06-17 25 Sue-Ann Tan - By Sue-Ann Tan suetan@sph.com.sg LAST year, music quartet The Sam Willows marked a milestone in their four-year musical journey when they finally recorded and released their full-length debut Take Heart. This is on top of performing all over the world and opening for619 words
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Page 25 Miscellaneous
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Miscellaneous321 2016-06-17 25 CRYPTIC CROSSWORD Across 1 Tripe, fish and chips, finally beer (10) 6 How one might cook for brood? (4) 10 Answer supplied to previous Italian course (5) 11 Cold interior renovated as standard (9) 12 Window when set in mortar (8) 13 Skilful student having been accepted for pottery (5)321 words
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ARTS
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Article, Illustration694 2016-06-17 26 CHEAH UI-HOON - What were the criteria used to select the 15 works from UOB Bank s collection of over 2,300 for its Sensibility in Art exhibition? BY CHEAH UI-HOON COLOUR, symbols, and shapes these are some of the elements that artists use to elicit an emotional response694 words
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Article, Illustration539 2016-06-17 26 Helmi Yusof - By Helmi Yusof helmi@sph.com.sg @HelmiBT THE Twenty-Something Theatre Festival is one of the best new theatre events to emerge this year. The brainchild of actress-producer Tan Kheng Hua, it provides a platform for playwrights and directors aged 20 to 29 to bring their stories539 words
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Article, Illustration394 2016-06-17 26 Helmi Yusof - By Helmi Yusof helmi@sph.com.sg @HelmiBT IN the great and drastically underrated film Wonder Boys (2000), directed by Curtis Hanson, a young student (Katie Holmes) reads the overlong novel of her English professor (Michael Douglas) and cannot hide her disappointment. She tells him:394 words
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ARTS/CINEMA
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Article, Illustration797 2016-06-17 27 CHEAH UI-HOON - Four artists are featured in an exhibition derived from calligraphy not in what the letters connote, but in how their shapes and forms inspire art. BY CHEAH UI-HOON BY CHEAH UI-HOON WORDS come into play at this exhibition, Autographic Matters, which features the797 words
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Article, Illustration519 2016-06-17 27 Geoffrey Eu - By Geoffrey Eu DWAYNE Johnson has come a long way since his days as professional wrestler The Rock, but he still spends months at a time in the gym and boasts more muscle definition in his little finger than most of us have on our519 words
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Article, Illustration557 2016-06-17 27 Geoffrey Eu - By Geoffrey Eu NOW You See Me 2, a caper flick that traces the showy exploits of a band of elite magicians with impossible tricks up their sleeves and sleight-of-hand skills that even David Copperfield might envy, is not what it makes itself out to be.557 words
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BT Lifestyle @BTLifestyle | BTLifestyle
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Article, Illustration1876 2016-06-17 28 AVANTI NIM - Singaporeans’ love for festivals has led to a surge in the number of mass events themed around everything from music to coffee. BT Lifestyle examines the festival phenomenon and the savvy entrepreneurs who have jumped on the bandwagon. BY AVANTI NIM bandwagon.BY AVANTI NIM avantin@sph.com.sg TO the outsider,1,876 words
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