The Business Times, 24 June 2016
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2016-06-24
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The Business Times
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Title Section22 2016-06-24 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 24, 201622 words
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Article, Illustration200 2016-06-24 1 Consumer prices in Singapore fall for the 19th straight month, recording the biggest decline in May since August 1986. TOP STORIES 2 Microsoft’s US$26.2 billion buyout of business social network LinkedIn is only the latest validation of how data can boost business growth, and is the motivation behind200 words
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Article26 2016-06-24 1 Thursday Change STI 2,793.85 +7.72 KL COMP 1,639.98 +2.29 NIKKEI 225 16,238.35 +172.63 HANG SENG 20,868.34 +73.22 SHENZHEN B 1,075.05 -0.43 DOW(11.45AM EDT) 17,955.94 +175.1126 words
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Article, Illustration1040 2016-06-24 1 Jacquelyn Cheok - Observers say many firms’ reluctance to go the IPO way stems from lofty valuations, which are beyond what public markets will pay By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE sun’s out. The global tech IPO (initial public offering) winterPHOTO: REUTERS - 1,040 words
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653 2016-06-24 1 Kenneth Lim - Even dealers put the squeeze on clients, fearing higher volatility when vote results are out By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore MARKET players around the world battened down the hatches on Thursday ahead of Britain’s referendum on European Union membership, raising margin requirements in653 words
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Advertisement72 2016-06-24 1 TI1E BUSINESS TIMES 2015 VINTAGE Jury’s still out on future of Bordeaux WINE 25 HOCK LOCK SIEW Good show of commitment from owners of Croesus trustee-manager companies markets 6 SABANA REIT S&P’s downgrade of Sabana Reit withdrawn on trust’s request REAL ESTATE 16 HAS GILLMAN BARRACKS TURNED THE CORNER? With72 words
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Advertisement15 2016-06-24 1 Data is the new, critical asset fuelling tech M&As, Page 3 More reports, Page 215 words
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TOP STORIES
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Article, Illustration713 2016-06-24 2 Nur Sabrina Azmi - Inflation in May falls to 1.6%, the biggest drop since August 1986, due to timing of S&CC rebates; core inflation inches up to 1%, a 14-month high By Nur Sabrina Azmi nsazmi@sph.com.sg Singapore SINGAPORE’S consumer prices fell for the 19th straight month inSource: Department of Statistics - 713 words
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Article, Illustration717 2016-06-24 2 Neil Behrmann - BREXIT JITTERS By Neil Behrmann btworld @sph.com.sg London WITH the financial markets predicting that Britain will vote to remain in the European Union (EU), the sterling rose to its highest point this year and the UK and European stock markets powered ahead. ThePHOTO: AFP - 717 words
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444 2016-06-24 2 Soon Weilun - By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore SINGAPORE expects the direct impact of the United Kingdom leaving the European Union (EU) on its trade-reliant economy to be “modest” in the medium- to long-term. This assessment, made by the Ministry of444 words
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1146 2016-06-24 2 NYT London ASK for his opinion, and David Howe eagerly tells you how he hopes Britain will leave the European Union (EU). “We need to take control of our borders,” he says. But these sentiments are, at the moment, as valuableNYT - 1,146 words
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Article, Illustration615 2016-06-24 3 Jacquelyn Cheok - Data analytics is no longer just an experimental tool for companies, says digital marketing firm chief By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore MUCH has been said about Big Data and how it can help businesses. Microsoft’s US$26.2 billion buyout of business615 words
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598 2016-06-24 3 Pauline Ng - By Pauline Ng btworld@sph.com.sg Kuala Lumpur A DECISION by Malaysia’s anti-graft chief Abu Kassim Mohammad to step down more than two years before his contract expires amid the ongoing global investigations into scandal-ridden 1MDB has heightened public scepticism that the598 words
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407 2016-06-24 4 Andy Critchlow - COMMENTARY By Andy Critchlow REUTERS London SAUDI Arabia wants its status as the world’s swing oil producer back. Since 2014, the kingdom has stayed on the sidelines as the oil price plunged. On June 22, new Energy Minister KhalidREUTERS - 407 words
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Article, Illustration507 2016-06-24 4 US authorities moving beyond Switzerland in fight against offshore tax evasion BLOOMBERG Newark, New Jersey UBS GROUP AG has ended a legal fight with the Internal Revenue Service, agreeing to hand over records on an American client’s account in Singapore asBLOOMBERG; PHOTO: BLOOMBERG - 507 words
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Advertisement194 2016-06-24 3 COUNTDOWN COMPLETE. YOUR FINAL CHANCE FOR BEST VALUE PERFORMANCE IS HERE. JOIN US AT THE BMW PERFORMANCE FEST 2016 CELEBRATIONS WITH SAVINGS UP TO $30,000*. This weekend only, visit Performance Motors and enjoy fun activities, delectable eats, treats for the whole family and a behind-the-scenes hands on experience in the194 words
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Advertisement15 2016-06-24 4 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements15 words
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COMPANIES & MARKETS
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814 2016-06-24 6 LEE MEIXIAN - A way of putting to rest concerns that ‘internalisation’ of the trustee-manager is a “sell and run” case HOCK LOCK SIEW BY LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT WHAT the two major owners of the trustee-manager of Croesus Retail Trust (CRT) did on814 words
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388 2016-06-24 6 Lee Meixian - By leemx@sph.com.sg Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE individual majority owners of the trustee-manager of Croesus Retail Trust (CRT) have pledged to plough back at least S$16 million half the money that they will receive from selling the trustee-manager to buying388 words
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2278 2016-06-24 6 CHEW YI HONG, MAK YUEN TEEN - Has the firm gone into overdrive with a series of transactions? COMMENTARY transactions?BY CHEW YI HONG, MAK YUEN TEEN T The writers are, respectively, a shareholder of Natural Cool Holdings and who has been involved in various corporate governance research projects in Singapore and2,278 words
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Article, Illustration503 2016-06-24 7 Nisha Ramchandani - Fitch Ratings says this is due to higher visitor arrivals and income from new assets By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore FOLLOWING a tough year for the local tourism industry in 2015, the earnings of Singapore’s hospitality Reits are expected to stabiliseSource: STB, Fitch - 503 words
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439 2016-06-24 7 Jacquelyn Cheok - By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore SHARES of Cityneon Holdings reached a new high of S$0.905 in early trading on Thursday following news that its Avengers STATION immersive attraction has opened at the Treasure Island Hotel and Casino439 words
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Article, Illustration63 2016-06-24 8 STI Catalist Straits Times Index June 23,2016 2,793.85 +7.72 (+0.28%) Current streak 1 day Day high 2,810.44 Day low 2,793.85 52-week high 3,373.48 (July 20, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist Index June 23,2016 439.07 +2.23 (+0.51%) Current streak 1 day Day high 441.64 Day low63 words
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Article, Illustration618 2016-06-24 8 R Sivanithy - Lacklustre session sees only S$691 million of stocks change hands as ST Index gains 7.7 points STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE local stock market on Thursday underwent one of its most featureless and lacklustre sessions this year, which was not surprisingSource: Bloomberg - 618 words
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Article305 2016-06-24 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 232 -1 234/231 253 209 6.6 6118.6 CapitaCom Trust 139.5 -2.5 143/139 157.5 122.5 6.2 4124.1 CapitaLand 298 unch 301/297 358 267 11.9 3 *****.3 CapitaMall Trust 202 -1 204/202 224 184.5305 words
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Article35 2016-06-24 8 VOLUME Alliance Mineral 72,919,600 HTL Intl 40,005,000 Annica 38,000,000 Ezra 37,517,700 Noble 29,114,600 Market volume 975,897,000 VALUE DBS Grp 63,687,827 Singtel 53,803,457 HTL Intl 36,911,596 OCBC Bank 32,195,284 SingPost 28,773,573 Market value 698,536,00035 words
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Article108 2016-06-24 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 285 742 286/285 343/254 284/285 IS MS INDIA US$ US698 +18 431 698/686 780/575 698/700 87.3 DBXT MSPHILS US$ US213.9 -1.8 180 215.1/213.8 215.7/158.5 214/214.8 17.1 DBXT MS SING US$ US113 +2.6 146 113.2/113108 words
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Article77 2016-06-24 8 Jun 23 VALUE CLOSE BT OB/OS -459.00 +71.00 BT CADI -*****.00 +18.00 BT 10-day MA -*****.00 -45.00 FTSE ST Mid Cap 660.53 -1.64 FTSE ST Small Cap 384.58 +0.95 FTSE ST All Share 680.34 +0.91 FTSE ST China Top 158.49 +0.33 FTSE ST China 186.62 +0.29 FTSE77 words
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Article, Illustration35 2016-06-24 8 STI FTSE ST All-Share ftse ST All-Share index June 23,2016 680.34 +0.91 (+0.13%) Current streak 1 day Day high 683.88 Day low 680.34 52-week high 806.37 (July 20, 2015) 52-week low 625.37 (Jan 21, 2016)35 words
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Article, Illustration33 2016-06-24 8 STI MSCI EAFE MSCI EAFE index June 22,2016 1,661.48 +2.44 (+0.15%) Current streak 4 days Day high 1,669.46 Day low 1,652.88 52-week high 1,919.64 (June 23, 2015) 52-week low 1,492.43 (Feb 12, 2016)33 words
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Article186 2016-06-24 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 4 2 0 1 0 8 5 2 Manufacturing 39 29 27 9 7 10 48 36 37 Commerce 20 16 10 4 3 5 24 19 15 Tpt/Stor/Comms 11 14 11186 words
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Article124 2016-06-24 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,397 706 12,103 36,885 140 37,025 Manufacturing 107,776 68,885 176,661 99,701 1,117 100,818 Commerce 59,212 13,994 73,206 47,702 307 48,009 Tpt/Stor/Comms 121,318 14,952 136,270 149,401 1,393 150,794 Finance 15,754 86 15,840 132,869 10 132,879 Construction124 words
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Article74 2016-06-24 8 BY CENTS CLOSE DOWN 52w high/low Great Eastern 2030 -41.0 -2.0 2496/1870 JMH USD 5597 -34.7 -0.5 6103/4500 DBXT Vietnam US$ 2385 -28.1 -0.9 2786/2017 Delfi 220 -15.0 -6.4 350/130 DBXT MSINDO us$ 1283 -13.4 -0.8 1352/911 BY PERCENTAGE CLOSE DOWN 52w high/low STI 2900MBeCW*****0 0.4 -55.6 -0.5 7.3/0.474 words
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Article73 2016-06-24 8 BY CENTS CLOSE UP 52w high/low DBXT MSEurope US$ 5500 213.8 3.0 6089/4770 DBXT MSAsExJp US$ 3232 109.6 2.6 3787/2772 Jardine C&C 3354 42.0 1.3 4520/2636 Lyxor Europe US$ 1327 33.4 1.9 1557/1150 GLD US$ ***** 29.4 0.2 *****/***** BY PERCENTAGE CLOSE UP 52w high/low CPH 0.8 100.0 0.473 words
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Article83 2016-06-24 8 VOL CLOSE($) CHANGE Infinio 3,000.3 0.003 +0.001 +50.00 HTL Intl 40,005.0 0.940 +0.135 +16.77 Alliance Mineral 72,919.6 0.082 +0.012 +17.14 Star Pharm 16.0 0.177 -0.073 -29.20 SMJ Intl 10.0 0.100 +0.010 +11.11 GKE 14,951.8 0.096 +0.006 +6.67 Union Steel 23.6 0.550 +0.050 +10.00 China Haida 61.0 0.014 -0.00383 words
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BROKERS’ TAKE
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Article186 2016-06-24 8 Target price: S$3.30 June 23 close: S$2.58 DBS Group Research, June 23 M1 is in our model portfolio under our conservative and dividend categories. It remains in our model portfolio despite trading at its base target price of S$2.60 given recent developments that raises the odds for a186 words
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Article75 2016-06-24 8 Target price: S$0.92 June 23 close: S$0.765 UOB Kay Hian, June 23 Starhill Global recently secured a 5.5 per cent base rental uplift over a three-year period with effect from June 8 for its Toshin masterlease at Ngee Ann City. This comes as Orchard Road rents75 words
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Article214 2016-06-24 8 Claire Huang - Compiled by Claire Huang Target price: S$1.57 June 23 close: S$1.50 OCBC Investment Research, June 23 The share price of Raffles Medical Group had recently turned south to some extent. This comes as a recent news article reported on the status of the group’s Holland Village214 words
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413 2016-06-24 9 hits 2016 high as odds stack against Brexit CURRENCIES REUTERS London STERLING hit a 2016 high and the euro surged against the US dollar and yen on Thursday after a series of late opinion polls favoured Britain staying in the European Union and bookmakers’ odds indicated a further shift towardsREUTERS - 413 words
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FOREX RATES
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Article471 2016-06-24 9 Jun 23 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.964 4.960 0.666 5.846 50.781 99.941 0.787 8.676 3.028 1.048 78.954 35.077 1.007 10.977 0.722 24.152 26.530 0.511 0.754 Canada 1.037 5.144471 words
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Article155 2016-06-24 9 Jun 23 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0070 1.0074 0.7536 0.7538 Canadian dollar 1.0442 1.0448 0.7818 0.7814 Euro 1.5126 1.5133 1.1319 1.1324 NZ dollar 0.9612 0.9618 0.7193 0.7197 Sterling pound 1.9705 1.9715 1.4746 1.4752155 words
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Article21 2016-06-24 9 Jun23 S$ Bid Offer 1-month 1.3364 1.3367 2-months 1.3367 1.3369 3-months 1.3370 1.3372 6-months 1.3383 1.3387 Source: OCBC21 words
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EQUITY BONDS WARRANTS FUTURES
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211 2016-06-24 9 Jun 23 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 10.5 -0.5 ***** 0.1 1620 4 FTSEChinaA50 9500 MBeCW*****0 8.8 -0.5 3060 0.0 2 Ntegrator Intl Ltd W*****3 0.3 -0.1 2500 1 1 4.33211 words
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377 2016-06-24 9 In local curr In S$ In US$ dy yr dy yr dy yr Jun 22 Index Change Change Change Change Change Change World Preliminary 1257.3 0.2 -1.6 0.1 -5.0 0.2 0.6 EAFE Preliminary 932.2 0.1 -8.0 0.0 -8.5 0.1 -3.2 Europe Preliminary 1335.9 0.4 -5.4377 words
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Article387 2016-06-24 9 Jun 23 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jun16 9255.00 9300.00 9182.50 9187.50 *****4 *****5 Jul16 9155.00 9187.50 9065.00 9110.00 *****8 ***** NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****7 Dec16 *****.00 *****.00 *****.00 *****.00 40 5360 MSCI TAIWAN387 words
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BANK RATES
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Article154 2016-06-24 9 Jun 23 $S Offer Bid 0vernight 0.10 0.05 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.08 US$ Offer Bid 7 days 0.50 0.40 1 month 0.52 0.42 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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Article63 2016-06-24 9 Jun 23 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.10 5-Year NX*****X 2.250 01-Jun-21 103.21 103.45 103.20 10-Year NX*****F 2.125 01-Jun-26 100.75 101.10 100.75 15-Year NZ*****F 2.875 01-Sep-30 106.46 20-Year NZ*****V 3.375 01-Sep-33 113.45 113.60 113.60 30-Year NA*****H63 words
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AGRI METALS ENERGY
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Article250 2016-06-24 9 Jun-22 Price Net change change Last Trade Agricultural Jun-22 CBOT Soybeans (US cents/bu) 1137.50 4.25 0.38% 14/07/2016 CBOT Soybean Oil (US cents/lb) 31.55 0.19 0.61% 14/07/2016 CBOT Wheat (US cents/bu) 458.75 0.25 0.05% 14/07/2016 Jun-22 LIFFE Cocoa (£/tonne) 2281.00 11.00 0.48% 14/07/2016 LIFFE Coffee (US$/tonne) 1675.00 -8.00 -0.48%250 words
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Article1763 2016-06-24 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 151.5 127 AIMSAMP Cap Reit 133 -0.5 777 134 132.5 0.9 8.5 846.5 Div 170.7 101 ARA Asset Mgmt 134.5 +2 221 1351,763 words
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Article265 2016-06-24 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net MCap High LOW Company Sale ('000) High LOW C'vr P/E 25.5 8.8 t 3Cnergy 10 35.5 16.7 t CNMC Goldmine 34 unch 2649 35 34265 words
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Article154 2016-06-24 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter 137.6 97 CIMB APAC Div S$D 104.9 +0.3 30 104.9 104.5 101.9 69.1 CIMB APAC Div US$ US78.3 -0.4 0 78.3 78.3 8.2 vol 3942 2355 DBXT China50 US$ US2820154 words
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Advertisement33 2016-06-24 6 WEALTH MANAGEMENT AN INSIDER’S GUIDE TO SMART INVESTING OCBC PREMIER BANKING SERIES Exclusively in The Sunday Times from now till 3 July 2016. Gain insights on Singapore investment options in this week's paper.33 words
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Advertisement142 2016-06-24 7 ASCOTT lift tyU Get Out with Ascott To truly live the Ascott experience, we recommend that you get out of our residences. Step into the world of Ascott Lifestyle where it’s fascinating, invigorating, exhilarating. From culture to gastronomy, community living to wellness activities, choose from the wide array of curated142 words
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Advertisement11 2016-06-24 8 For full listings of SGX prices, go to http://btd .sg/BTm kts11 words
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Advertisement13 2016-06-24 8 Brokers who wish to send in their reports can e-mail us at btnews@sph.com.sg13 words
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Advertisement71 2016-06-24 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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BANKING & FINANCE
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Article, Illustration848 2016-06-24 12 Swift says it has seen other such attempts to steal money from the worldwide money transfer system NYT Dhaka THE former governor of Bangladesh’s central bank, from which US$81 million was stolen in February, said that flaws in the global moneyNYT; PHOTO: BLOOMBERG - 848 words
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664 2016-06-24 12 BLOOMBERG New York THE No 1 US fund with exposure to Chinese stocks is making a big bet on the country’s transition to a new economy, boosting holdings of consumer and technology companies. The Invesco Greater China Equity Fund, which hasBLOOMBERG - 664 words
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Advertisement1175 2016-06-24 12 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. If Noteholders are in doubt about any aspect of the action they should take, they should seek their own advice immediately from their stockbroker, bank manager, solicitor, accountant, tax adviser1,175 words
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ENERGY & COMMODITIES
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Article, Illustration864 2016-06-24 13 Regional countries are taking on China imports by upgrading steelmaking technology and imposing tariffs REUTERS Bangkok AS a construction boom spurs steel demand across South-east Asia, countries such as Vietnam, Indonesia and Thailand are challenging a flood of imports from ChinaREUTERS; PHOTO: REUTERS - 864 words
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379 2016-06-24 13 BLOOMBERG New York PG&E CORP’S plan to shut California’s last nuclear power plant by 2025 would cost US$15 billion if all its output is replaced with solar-generated electricity at current prices, according to Bloomberg Intelligence analysts. Actual costs could beBLOOMBERG - 379 words
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677 2016-06-24 13 REUTERS Dubai RUSSIAN energy minister Alexander Novak has a contrarian message for those who question the wisdom of freezing global levels of oil output. Despite the collapse of talks on restraining production among Opec and non-Opec members earlierREUTERS - 677 words
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Advertisement97 2016-06-24 13 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices FAITH FELLOWSHIP LIMITED Business Company Number: *****57 IN VOLUNTARY LIQUIDATION Notice is hereby given that in accordance with the British Virgin Islands Business Companies Act, 2004 (as amended), the voluntary liquidation of Faith Fellowship Limited commenced on 17 June 2016 and97 words
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Advertisement114 2016-06-24 13 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF JTIC INVESTMENTS PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) F.K.A. JURONG HI-TECH (FAR EAST) PTE LTD COMPANY REGISTRATION NO. *****4018K NOTICE OF DIVIDEND Name of Company: JTIC Investments Pte Ltd (In Creditors' Voluntary Liquidation) f.k.a. Jurong Hi-Tech114 words
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Advertisement330 2016-06-24 13 FREE ADMISSION* Trade Office Buyers Only! OPENS NEXT WEDNESDAY! flSGPF air 29 JUNE 1 JULY 10:30am 6.30pm (Wed Thu) 10:30am 5.30pm (Fri) Level 1, Hall B C Singapore Gifts Premiums Fair 2016 Marina Bay Sands, Singapore i a Singapore’s Best Gifts Fair The annual showcase of promotional, corporate, incentive and330 words
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TECHNOLOGY
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Article, Illustration982 2016-06-24 14 But critics point to conflict of interest, raise concerns about uniting 2 money-losing firms REUTERS New York SOME of Tesla Motor Inc’s biggest investors have signalled support for chief executive Elon Musk’s plan to buy solar power company SolarCity Corp, although the electric carREUTERS; PHOTOS: REUTERS - 982 words
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397 2016-06-24 14 REUTERS Washington US President Barack Obama will head to Silicon Valley to a summit aimed at connecting about 1,200 entrepreneurs from 170 countries with the biggest and brightest players in the US technology sector and venture capital community. Hot-buttonREUTERS - 397 words
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870 2016-06-24 14 WP Paris BENEATH three glass bell jars, in a locked vault in the basement of a highly secure facility outside Paris, sits the world’s most important kilogramme. Ever since 1889, when the General Conference on Weights and Measures (CGPM) made the imperious pronouncement,WP - 870 words
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Advertisement135 2016-06-24 14 I printpack^ign SINGAPORE'S PRINTING, PACKAGING SIGNAGE BUSINESS EXHIBITION 29JUNE-1 JULY Level 1, Hall B, Sands Expo Convention Centre Marina Bay Sands, Singapore Value-add your visit to PrintPack+Sign 2016! Application of Printed Electronics in Creating New Media Platforms Entering The Next Phase of 3D Printing How to Sell Expensively with Visual135 words
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Advertisement22 2016-06-24 14 Hoteats,Cooltreats Are you an avid foodie? Dig in to The Straits Times Classified's weekly guide on Saturday for the latest gastronomic offerings.22 words
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Advertisement27 2016-06-24 14 How much money have you made on your home? Kn S-100K 1 2008 2009 2010 2011 2012 2013 2014 2015 2016 my Capital Gain $104,000 (12.68%) SRX.com.sg/property-tracker27 words
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CONSUMER
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669 2016-06-24 15 Increasingly price-savvy shoppers are driving a boom in online trade REUTERS Hunter Valley, Australia WU Zhendong sees himself as something of a wine buff. The 2 5-year-old lawyer from China’s western city of Chengdu is a member of his local wine club, likesREUTERS - 669 words
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Article, Illustration437 2016-06-24 15 BLOOMBERG New York JOHN Idol, chief executive officer of Michael Kors Holdings Ltd, is on a mission to make the brand more enticing to men. The company’s partnership with the McLaren-Honda Formula 1 racing team, announced on Wednesday, is part of aBLOOMBERG; PHOTO: REUTERS - 437 words
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Advertisement2829 2016-06-24 15 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 l2,829 words
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REAL ESTATE
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550 2016-06-24 16 Lynette Khoo - Sabana cites CIS code amendment for Reits to adopt 45% single-tier leverage limit without credit rating requirement By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore S&P Global Ratings on Thursday downgraded its long-term corporate credit rating on Sabana Shari’ah Compliant Reit to “BB+”550 words
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Article, Illustration585 2016-06-24 16 They are thus able to put some money away for that eventual first purchase BLOOMBERG New York A POPULAR narrative of the US housing market has been that big city prices are locking out young buyers, feeding a cycle inBLOOMBERG; PHOTO: BLOOMBERG - 585 words
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300 2016-06-24 16 REUTERS Santa Barbara A CHARITABLE foundation representing the legacy of renowned US television chef Julia Child has sued Airbnb, saying that the short-term rental company used her name without permission to promote a stay in France at her former vacation cottage in Provence.REUTERS - 300 words
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Article, Illustration630 2016-06-24 17 Lynette Khoo - Frasers Hospitality in partnership with Japan’s Sekisui House to open serviced residence under the Fraser Suites brand By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore Singapore FRASERS Hospitality, the hospitality unit of Frasers Centrepoint Limited (FCL), has tied up with Japanese developer Sekisui House to630 words
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Advertisement121 2016-06-24 16 B o CO The Best Way To Inspire Your Employees Is To Say Before 2 Million Readers Employees are the main driving force of a company’s success, and they deserve recognition. It’s time to put these unsung heroes in the spotlight. Pay a tribute to the people who make a121 words
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Advertisement179 2016-06-24 16 O), 6/ i win GEMINI BABIES! 3 THINGS TO LOOK OUT FOR IN THE MONTH OF JUNE! Chinese Language Content 0! SCAN&READ NOW J U N 1 6 30THURSDAY SPH News Centre 9.30am to 6.00pm TRANSFORMATION OF LIFE WITH MINDFULNESS Trainer Yeo Chong Yuen Early Bird by 25 Jun$489 Price179 words
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Page 17 Advertisements
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Advertisement661 2016-06-24 17 D10 HOUSE FOR SALE EWART PARK FH GCB ***** 9300 sf 6+1. Regular shape. Unblocked view. Face E. Price just revised to sell! Call sole agt to RSVP now! Hurry! Willi Ching 9431 5145 **MTD Landed Division D10 HOUSE FOR SALE GREENLEAF VIEW Freehold 3-Storey Semi-d. High quality Approx 3588/661 words
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GOVERNMENT & ECONOMY
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623 2016-06-24 18 They fall 6% to a 551,000 annualised pace following April’s 586,000 rate that was slower than previously estimated LATEST US DATA BLOOMBERG Washington PURCHASES of new homes in the United States declined in May from an eight-year high as theBLOOMBERG - 623 words
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Article, Illustration644 2016-06-24 18 REUTERS London EUROZONE business growth remained muted this month, suggesting the current quarter’s economic performance won’t match the strong pace set at the start of the year, a survey showed. A surprising bounce in manufacturing activity was not enough to offsetREUTERS; PHOTO: REUTERS - 644 words
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Article, Illustration311 2016-06-24 18 REUTERS AFP Berlin A GUNMAN opened fire in a cinema complex in the small western German town of Viernheim, near Frankfurt, on Thursday, German media reported. Police shot the man dead after elite forces stormed the complex, the MannheimerREUTERS; AFP; PHOTO: REUTERS - 311 words
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362 2016-06-24 18 REUTERS Shanghai CHINESE companies invested nearly US$15 billion in countries participating in Beijing’s new Silk Road initiative last year, up one-fifth from 2014, President Xi Jinping said in Uzbekistan, lauding a scheme that is one of his key foreign policies. UnderREUTERS - 362 words
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370 2016-06-24 18 BLOOMBERG Washington FEDERAL Reserve chair Janet Yellen called widening wealth disparity between races in the US “extremely disturbing”, and warned that it could reshape consumption patterns in the future. The questions on Wednesday from the House Financial Services Committee to theBLOOMBERG - 370 words
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548 2016-06-24 18 REUTERS BLOOMBERG Jakarta INDONESIA is considering forming a special region that will serve as an onshore financial centre in which domestic firms can create shell companies without having to go to tax haven countries, its finance minister saidREUTERS; BLOOMBERG - 548 words
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Page 19 Advertisements
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TRANSPORT
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604 2016-06-24 20 600m tonnes of goods per year forecast to cross canal within next decade twice the current volume AFP Panama City WITH its capacity boosted nearly three times, Panama’s enlarged canal set to be inaugurated on Sunday is expected to stimulate trade between theAFP - 604 words
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522 2016-06-24 20 REUTERS New Delhi OFFICIALLY at least, Ratan Tata, patriarch of one of India’s wealthiest business families, retired in late 2012. In reality, he has been a driving force behind Tata’s bet on airlines and a rare public campaign to openREUTERS - 522 words
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568 2016-06-24 20 BLOOMBERG London IRAN’S signing this week of an outline deal for 109 Boeing Co jetliners five months after agreeing to buy 118 from Airbus Group SE underscores the scale of the former state’s airline ambitions. The purchase of almost 230BLOOMBERG - 568 words
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Page 20 Advertisements
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Advertisement129 2016-06-24 20 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 Ron Totton Division A Champion, 2015 GOODIE BAG WORTH OVER $750 Get a Ice Chrono Electrik Watch worth $300, Golfing Vouchers from The Dalat at 1200, Laguna129 words
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Page 21 Advertisements
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Advertisement1119 2016-06-24 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 1/71,119 words
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Advertisement308 2016-06-24 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 o308 words
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Advertisement748 2016-06-24 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 TALISMAN FF623 14/06 18/06 20/06 22/06 27/06 04/07 FEDORA FF625 30/06 04/07 06/07 08/07 14/07 20/07 TAMESIS FF626 14/07 18/07 21/07 24/07748 words
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OPINION
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569 2016-06-24 22 EDITORIAL CROWDFUNDING has opened the gates of private equity to retail investors, and further innovations such as collateralisation are about to widen the entrance even more. From a risk perspective, that greater access also opens the doors to569 words
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939 2016-06-24 22 Anthony Rowley - THE BOTTOM LINE By Anthony Rowley THE International Monetary Fund (IMF) is revisiting some old taboos including the proscription against government debt monetisation by central banks and the prejudice against state-mandated incomes policies to see whether it might be better to ignore these939 words
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Article, Illustration1480 2016-06-24 22 GOPINATH PILLAI - SADC 2016 will let India forge connections and build partnerships for critical investments and trade links with the international Indian/South Asian diaspora. BY GOPINATH PILLAI BY GOPINATH PILLAI T The writer is chairman of the Institute of South Asian studies and Ambassador-at-Large at Singapore’sPHOTO: BLOOMBERG - 1,480 words
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766 2016-06-24 23 Michael witter, Wolfgang Huppenbauer - Singapore and Germany partners in ‘Industrie 4.0’ COMMENTARY By Michael witter, Wolfgang Huppenbauer T The writers are respectively Germany’s ambassador to Singapore and president of the Singaporean-German Chamber for Industry and Commerce SINGAPORE and Germany are among the most advanced industrialised countries in the world. Both have a substantial share766 words
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1009 2016-06-24 23 Nicole Fung, Vivienne Junzhao Ong - By Nicole Fung, Vivienne Junzhao Ong T The writers are transfer pricing leader and senior tax manager at PwC Singapore respectively ON JUNE 16 2016, Singapore announced that it is joining the inclusive framework for the global implementation of1,009 words
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Article, Illustration897 2016-06-24 23 BILL WINTERS - The risks for the country are real as it morphs into a consumption-led economy amid a slowdown, but Beijing can handle the transition without unrest. BY BILL WINTERS BY BILL WINTERS T The writer is group chief executive of Standard CharteredPHOTO: AFP - 897 words
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CITY LIFE
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Article, Illustration911 2016-06-24 24 AVANTI NIM - Maker Faire Singapore is a family-friendly festival of innovation, creativity and resourcefulness. BY AVANTI NIM resourcefulness.BY AVANTI NIM avantin@sph.com.sg Mathematics has been a natural enemy of children for centuries, much like broccoli. Add rote learning to the equation, and it’s no wonder that few clamour to explore911 words
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CITY BUZZ BT writers' picks of what to see, do or talk about
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Article, Illustration271 2016-06-24 24 Dylan Tan - By Dylan Tan SHOPPING G-Shock x Futura collaboration and Casio Concept Store HOT on the heels of last week’s limited edition Marcelo Burlon collaboration (which sold out on the day of its release), Casio G-Shock will be releasing its tie-up with legendary271 words
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Article, Illustration188 2016-06-24 24 Tay Suan Chiang - DINING By Tay Suan Chiang WHY wait till the weekend to indulge in a steak? District 10 Bar Grill at Suntec City offers what it calls the best-priced bistecca alla fiorentina, or Fiorentina steaks in town. Their Great Lunch Steak Out features a Fiorentina, or188 words
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Article, Illustration168 2016-06-24 24 Tay Suan Chiang - DINING By Tay Suan Chiang WHO doesn’t love crunching down on the crispy skin of a suckling pig? As part of its 20th anniversary celebrations, Si Chua Duo Hua Restaurant at PARKROYAL is presenting a Flambe Suckling Pig Feast. Executive Cantonese chef Leung Wing Chung marries168 words
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Article, Illustration155 2016-06-24 24 Helmi Yusof - THEATRE By Helmi Yusof BASED on a true story, Riding on a Cloud (above) is an extraordinary little play about Yasser, a once-bril-liant young man who was shot while crossing the street in Beirut. It left him slightly paralysed, speech-impaired and experiencing the world quite differently155 words
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Article, Illustration197 2016-06-24 24 Rachel Loi - DINING By Rachel Loi LOOKING for somewhere to host a weekday business lunch? Try one of Hua Ting Restaurant’s three new Executive Set Lunch menus, featuring five courses from S$ 3 5 to S$60, prepared by Masterchef Chung Lap Fai. The first is a197 words
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WINE/MUSIC
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Article, Illustration1064 2016-06-24 25 NK YONG - Poor vintage virtually tanked the market in 2011 after a good 2009 and 2010. Signs of recovery emerged only late last year. BY NK YONG THE Bordeaux 2015 en primeur campaign closed last Monday, with the announcement of the en primeur price ofPHOTO: AFP - 1,064 words
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Article, Illustration635 2016-06-24 25 Sue-Ann Tan - By Sue-Ann Tan suetan@sph.com.sg WRITING original songs takes skill, vulnerability and an ear for poetry. At 22, Beth Yap seems to have all three, having chosen the difficult path of writing and arranging countless original songs over simply doing covers. She recently released BeautyPHOTO: NATIONAL YOUTH COUNCIL; PHOTO: RAPHAEL ONG - 635 words
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Page 25 Advertisements
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Advertisement14 2016-06-24 25 Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices14 words
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Advertisement90 2016-06-24 25 It, I MOSEL o^'’"" iSter G e// ZILLIKEN 2014 Rausch Spatlese that specialises in German and French wines. Check out our award-winning wines of the Peak'G'Top 100 and the GOLD awards of UOB-Tower Club Wine Challenge 2016. Terms Conditions: All unit prices stated are inclusive of GST and are wholesale90 words
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Page 25 Miscellaneous
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Miscellaneous327 2016-06-24 25 CRYPTIC CROSSWORD Across 1 In court, long for prestige (6) 5 Al Capone’s panic around France, oddly (8) 9 Disobedient in playing outside barn (13) 10 Fertiliser coming as a result of dog’s dinner? (4,4) 11 St Andrew’s cross, left out that’s supposed to be funny (6) 12 Fliers fail,327 words
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ARTS
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Article, Illustration633 2016-06-24 26 HELMI YUSOF - Newsha Tavakolian’s photos show Muslim women as resilient and determined, in contrast to common misconceptions. misconceptions.BY HELMI YUSOF helmi@sph.com.sg @HelmiBT THE opening of the OPEN festival was marred by an incident of censorship. The Media Development Authority (MDA) objected to 15 photos in an exhibitionPHOTO: NEWSHA TAVAKOLIAN - 633 words
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Article, Illustration556 2016-06-24 26 Cheah Ui-Hoon - B y Cheah Ui-Hoon uihoon@sph.com.sg ROCKS have a life force which Singaporean artist Oh Chai Hoo tries to capture in his black-and-white paintings. “I’ve been fascinated with rocks from a young age. They have, of course, been around longer than humans, so I see them556 words
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Article, Illustration531 2016-06-24 26 Helmi Yusof - By Helmi Yusof helmi@sph.com.sg @HelmiBT YOU wouldn’t think it from the humdrum title, but Joel Tan’s Café is possibly the creepiest, canniest, most cunning play of the year. Debuting at last week’s The Twen-ty-Something Theatre Festival, the premise of Café appears simple enough: two womenPHOTO: CRISPIAN CHAN - 531 words
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Page 26 Advertisements
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Advertisement41 2016-06-24 26 T To attend Tavakolian’s talk, purchase from Sistic a ticket priced at S$45, which gives you access to the exhibition as well as 41 other events at the OPEN. As seats are limited, certain events require simple online pre-registeration on sifa.sg/theopen41 words
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TV/CINEMA
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Article, Illustration901 2016-06-24 27 SUE-ANN TAN - Andy Casagrande and Jeff Kurr offer more of their deep-sea escapades for Discovery Channel’s upcoming Shark Week. BY SUE-ANN TAN Week.BY SUE-ANN TAN suetan@sph.com.sg “PLAN for the worst but hope for the best” that is the mantra of wildlife cameraman Andy Casagrande, who regularly dives901 words
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Article, Illustration486 2016-06-24 27 Dylan Tan - By dylantan@sph.com.sg Dylan Tan dylantan@sph.com.sg @DylanTanSYBT CALL it the Third Coming, if you will after Risen and The Young Messiah just months ago, the Son of God is resurrected for the big screen once again at the multiplex in Last Days in the486 words
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Article, Illustration582 2016-06-24 27 Geoffrey Eu - By Geoffrey Eu “THEY’RE coming back!” screams former US President Thomas Whitmore (Bill Pullman) as he awakes from a sweaty nightmare in director Roland Emmerich’s loud, frantic and hugely disappointing sci-fi spectacle Independence Day: Resurgence, the sequel to Independence Day (1996), the effects-heavy pioneer that helped582 words
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Page 27 Advertisements
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Advertisement121 2016-06-24 27 T Discovery Channel’s Shark Week airs on Singtel tv 202 and Starhub Ch 422 from June 27 to July 1 DEBUT OF THE “FULLERTON MONUMENTAL MENU” Savour the flavour of nostalgia as you partake of the new “Fullerton Monumental Menu created in commemoration of the gazette of The Fullerton Hotel121 words
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Lifestyle
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Article, Illustration1616 2016-06-24 28 HELMI YUSOF - With NTU CCA, a new gallery and new shops, Singapore’s once-flagging art cluster appears to be livelier than before. But has business improved? BY HELMI YUSOF improved?BY HELMI YUSOF helmi@sph.com.sg @HelmiBT Ursula Sullivan, one-half of the dynamic duo behind Australian gallery Sullivan Strumpf, appearsPHOTO: BELLE MAGAZINE; PHOTO: SUPERMAMA - 1,616 words
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Article, Illustration126 2016-06-24 28 Helmi Yusof - By Helmi Yusof Sullivan Strumpf opening show The new gallery’s inaugural exhibition features works by its best artists including Sam Jinks (above), Alex Seton and Ex De Medici. Anthony Poon at Sundaram Tagore Several works by the late Singapore abstractionist Anthony Poon is now on glorious126 words
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Page 28 Advertisements
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Advertisement60 2016-06-24 28 CINEMA A disappointing effects-laden orgy/ 27 CITY LIFE BT writers’ picks of what to see, do or talk about/24 T On Saturday (June 25), Gillman Barracks is holding an open house event called “Art Day Out! at Gillman Barracks The School Holidays Edition” from 2pm to 7pm. The family-friendly event60 words