The Business Times, 26 July 2016
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2016-07-26
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The Business Times
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Title Section22 2016-07-26 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 039/08/2015 Tuesday, July 26, 201622 words
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Article, Illustration223 2016-07-26 1 SINGAPORE’S economic growth remains sluggish following the Brexit vote and persistent weak US investments, and the gains from financial and other modern services are expected to ease this year, says the Monetary Authority of Singapore on Monday. TOP STORIES 2 PROPERTY cooling measures will remain, the Monetary Authority223 words
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Article26 2016-07-26 1 Monday Change STI 2,929.85 -15.50 KL Comp 1,668.26 +10.84 Nikkei 225 16,620.29 -6.96 Hang Seng 21,993.44 +29.17 Shenzhen B 1,143.49 -1.29 Dow(11.45am EDT) 18,464.77 -106.0826 words
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957 2016-07-26 1 Jamie Lee - MAS points to dent in reputation as some banks fail to meet anti-money laundering standards By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE “no-nonsense” regulator that is the Monetary Authority of Singapore (MAS) has pledged more intrusive supervision and tougher action against957 words
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Article, Illustration625 2016-07-26 1 Jacquelyn Cheok - By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore HOMEGROWN startups are making a name for themselves. On Monday, crowdfunding platform Crowdo reported that it has received the coveted full licence to conduct securities crowdfunding here, while tech media platform e27 announced that it has raised S$3625 words
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Advertisement37 2016-07-26 1 8 "887 1 8 1 *****1 THE BUSINESS TIMES BVLGARI.COM /#j Si v B V LG A R I ROMA SERPENTI BOUTIQUES: TAKASHIMAYA DEPARTMENT STORE THE SHOPPES AT MARINA BAY SANDS ALSO AVAILABLE AT AUTHORIZED WATCH RETAILERS37 words
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Advertisement23 2016-07-26 1 LIAN BENG GROUP Driving force of diversification SME 26 HOCK LOCK SIEW Property cooling measures: Why cautionary stance still needed COMPANIES MARKETS 723 words
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Advertisement15 2016-07-26 1 S’PORE’S ELECTRIC TAXIS HDT S’pore Taxi to launch fleet in 8-year trial TOP STORIES 615 words
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Advertisement18 2016-07-26 1 MAS annual review: more reports on P2; Amid oil rout, MAS seeks prudent provisions from banks, Page 718 words
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TOP STORIES
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Article, Illustration773 2016-07-26 2 Jamie Lee - Healthcare, education, public infrastructure construction to fare better this year: MAS MAS ANNUAL REVIEW By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SINGAPORE’S economic growth remains sluggish following the Brexit vote and persistent weak US investments, and the gains from financial and otherPHOTO: LIM YAOHUI/THE STRAITS TIMES - 773 words
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451 2016-07-26 2 Jamie Lee - By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE property cooling measures will remain, the Monetary Authority of Singapore (MAS) said on Monday, noting risks of a renewed surge in property prices in this lower-for-longer-rates environment that keeps investors on the hunt for yield.451 words
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645 2016-07-26 2 Andy Mukherjee - COMMENTARY By Andy Mukherjee BLOOMBERG Singapore DECIDING where to conduct a banking transaction is no different from selecting a boarding school for an unruly child. Singapore has long been seen as a solid choice. It didn’t smother innovation by throwing a thickBLOOMBERG - 645 words
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Article, Illustration640 2016-07-26 2 Soon Weilun - By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore ECONOMISTS see Singapore’s central bank maintaining its monetary policy come October after the release of June’s inflation data. But confidence from the data was also accompanied by nagging concerns, as theySource: Department of Statistics - 640 words
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831 2016-07-26 4 Anthony Rowley - They’re kept guessing whether BOJ will launch QQE; fiscal stimulus is expected By Anthony Rowley btworld@sph.com.sg Tokyo THE policy board of the Bank of Japan (BOJ) is due to meet this week amid expectations that it will unveil fresh monetary-easing831 words
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Article, Illustration768 2016-07-26 4 REUTERS NYT New York VERIZON Communications Inc said on Monday that it will buy Yahoo Inc’s core Internet properties for US$4.83 billion in cash to expand its digital advertising and media business, ending a lengthy sale process for the fading Web pioneer.REUTERS; NYT; PHOTO: REUTERS - 768 words
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Article, Illustration552 2016-07-26 4 BLOOMBERG Tokyo NINTENDO CO shares plunged by the most since 1990 after the company said late last Friday that the financial impact from the worldwide hit Pokemon Go will be limited. The stock sank 18 per cent to 23,220 yenBLOOMBERG; PHOTO: BLOOMBERG - 552 words
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Article, Illustration739 2016-07-26 4 Anita Gabriel - COMMENTARY By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore THE tight circle of support around Malaysia’s Prime Minister Najib Razak shows no signs of cracking and it may be business as usual in the scandal-rocked country, but the US739 words
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589 2016-07-26 6 Choo Yun Ting - To be completed by end-2018, expanded plant will further firm’s capabilities in making adhesive and bonding products By Choo Yun Ting yuntingc@sph.com.sg Singapore HIGH value-added manufacturing will continue to be a beacon of Singapore’s economy, as global science company 3M announced589 words
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385 2016-07-26 6 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore HDT Singapore Taxi will roll out a fleet of 100 fully-electric taxis in Singapore as part of an e-taxi trial by Q1 of 2017, with the first of the vehicles to hit the road385 words
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Article, Illustration559 2016-07-26 6 Claire Huang - By huangjy@sph.com.sg Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore UNITED KINGDOM-BASED composite insurer Aviva Singapore has launched a wholly owned financial advisory (FA) firm that offers multiple products from different insurers, adding pressure on competitors to do likewise. Aviva Financial Advisers as the new FA firm559 words
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Page 2 Advertisements
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Advertisement10 2016-07-26 2 Cautionary stance on cooling measures by govt necessary, Pg 710 words
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Page 6 Advertisements
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Advertisement72 2016-07-26 6 Learn Mandarin Without Stress! newstalk.zaobao.sg keywords in hanyu pinyin and English See 掌 Explanation: mastery; grasp Build Listen as you read Record your reading for a real-time evaluation of pronunciation and fluency your own dictionary Try out this Chinese language e-learning tool today. Three different introductory plans* available. Subscribe NOW!72 words
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COMPANIES & MARKETS
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480 2016-07-26 7 Jamie Lee - It does not prescribe provisioning but through its questions, banks know they need to be conservative B y Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore AGAINST the backdrop of volatile oil prices and banks’ exposure to oil-re-lated companies, the Monetary Authority of Singapore480 words
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1021 2016-07-26 7 LYNETTE KHOO - Despite signs of the market bottoming out, any policy easing now could send wrong signal that all is well HOCK LOCK SIEW BY LYNETTE KHOO lynkhoo@sph.com.sg @LynetteKhooBT WITH the latest residential data showing signs of a bottoming out in prices in the1,021 words
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Article, Illustration646 2016-07-26 8 Claire Huang - Earnings rise 4.5% to S$16.67m; revenue up 19.8% at S$118.95m By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore HIGHER revenue from all divisions helped lift mainboard-listed Raffles Medical Group’s (RMG) second quarter net profit, which was up 4.5 per cent year on646 words
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Article, Illustration345 2016-07-26 8 Tan Hwee Hwee - HOT STOCK By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SHARES of Spackman Entertainment Group surged in morning trading on Monday following a stock exchange filing before trading hours on Alibaba Pictures Group’s purchase of distribution rights to an upcoming film produced by a SpackmanSource: Bloomberg - 345 words
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516 2016-07-26 8 Angela Tan - By Angela Tan angelat@sph.com.sg Singapore AN APPEAL court in the US has reversed a district court ruling for Singa-pore-listed QT Vascular to pay more than US$20 million in damages to rival AngioScore Inc. The protracted patent infringement battle tracing back to 2012516 words
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CORPORATE DIGEST
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Article91 2016-07-26 8 keppel Corp said on Sunday it refutes the allegations by zwi Skornicki in his July 21 testimony in connection with the ongoing Lava Jato, or Operation Car Cash, investigations regarding the company’s involvement in the illegal payments made by Mr Skornicki. Keppel reiterates its zero-tolerance stance against any91 words
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Article72 2016-07-26 8 OTTO Marine said before trading started on Monday that its Batam-based shipyard subsidiary, PT Batamec, had commenced proceedings in the High Court of Singapore against and caused the arrest of the vessel Ratina Blessing. The vessel is registered under RS Marine Investments Pte Ltd, a company owned by72 words
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Article62 2016-07-26 8 SINGTEL’S Optus Business announced before trading started on Monday a new three-year ICT (information communication technology) services agreement with QBE Australia. The ICT agreement will see Optus deliver voice, mobile and data network services for QBE Australia. The new contract supports voice and data services connecting more than 4,00062 words
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Article138 2016-07-26 8 Technics Oil Gas SINGAPORE’S High Court has appointed two judicial managers to be in charge of Technics Oil Gas and its subsidiary, Technics Offshore Engineering. Tam Chee Chong and Andrew Grimmett of Messrs Deloitte Touche LLP said in a filing to the Singapore Exchange on Monday that the group has138 words
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428 2016-07-26 9 Kenneth Lim - Total return attributable to unitholders down 57.9%; net property income up 5.7% By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore MAPLETREE Logistics Trust’s (MLT) first-quarter total return attributable to unitholders dropped 57.9 per cent to S$21.5 million in its fiscal first quarter on a428 words
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237 2016-07-26 9 Claire Huang - By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore JOYAS International Holdings has extended the period for acceptances of its rights issue by one day. This follows an error in the stock code which led to unsuccessful electronic applications via ATMs by entitled shareholders. The237 words
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Article, Illustration287 2016-07-26 9 Andrea Soh - By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THE stop-work order on CNMC Goldmine’s Sokor project has been lifted on Monday. Announcing this in an exchange filing on Monday afternoon, the firm said that it has restarted its operations at the mine. The temporary stop-work order,FILE PHOTO - 287 words
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Article, Illustration63 2016-07-26 10 STI Catalist Straits Times Index July 25,2016 2,929.85 -15.50 (-0.53%) Current streak 1 day Day high 2,955.96 Day low 2,929.85 52-week high 3,313.42 (July 27, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index July 25,2016 450.78 -0.81 (-0.18%) Current streak 1 day Day high 454.79 Day low63 words
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Article, Illustration592 2016-07-26 10 Melissa Tan - Local banks lead decline with stocks weighed down by two major central bank meetings coming up STOCKS By Melissa Tan melissat@sph.com.sg @MelissaTanBT RAINY days and Mondays already don’t do much to lift spirits. And this week, with two major central bank meetingsSource: Bloomberg - 592 words
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Article309 2016-07-26 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 247 -6 253/245 254 209 6.2 6514.2 CapitaCom Trust 152 cd -2 155/151.5 158.5 122.5 5.7 4493.6 CapitaLand 318 +5 320/313 341 267 12.7 2.8 *****.1 CapitaMall Trust 215 cd -5 221/213309 words
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Article33 2016-07-26 10 VOLUME Annica 51,000,000 QT Vascular 49,255,300 Spackman 46,923,500 Ezra 42,019,300 Ezion 31,277,800 Market volume 1,356,176,000 VALUE Singtel 82,622,853 CapitaLand 62,618,183 DBS Grp 57,590,469 UOB 51,313,138 OCBC Bank 44,334,383 Market value 982,034,00033 words
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Article109 2016-07-26 10 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 298 +1 348 300/297 341/254 297/298 IS MS INDIA US$ US721 +2 86 722/717 780/575 721/723 90.1 Nikko AM STI ETF 300 +1 45 301/300 341/259 299/300 7.2 Lyxor Japan US$ US121 -1 43109 words
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Article77 2016-07-26 10 Jul 25 VALUE CLOSE BT OB/OS -13.00 -122.00 BT CADI -*****.00 -71.00 BT 10-day MA -*****.00 -1.00 FTSE ST Mid Cap 684.04 -1.34 FTSE ST Small Cap 389.90 -2.39 FTSE ST All Share 711.08 -2.82 FTSE ST China Top 162.80 +0.01 FTSE ST China 194.33 +0.52 FTSE77 words
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Article, Illustration35 2016-07-26 10 STI FTSE ST All-Share ftse ST All-Share index July 25,2016 711.08 -2.82 (-0.40%) Current streak 1 day Day high 716.22 Day low 711.08 52-week high 791.90 (July 27, 2015) 52-week low 625.37 (Jan 21, 2016)35 words
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Article, Illustration33 2016-07-26 10 STI MSCI EAFE MSCI EAFE index July 22,2016 1,650.20 -6.94 (-0.42%) Current streak 1 day Day high 1,659.56 Day low 1,648.67 52-week high 1,883.89 (Aug 10, 2015) 52-week low 1,492.43 (Feb 12, 2016)33 words
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Article186 2016-07-26 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 7 6 0 0 1 4 7 7 Manufacturing 32 40 31 6 8 12 38 48 43 Commerce 23 21 9 2 2 8 25 23 17 Tpt/Stor/Comms 9 16 4186 words
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Article123 2016-07-26 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 15,339 429 15,768 42,836 79 42,915 Manufacturing 78,865 132,354 211,219 98,122 5,890 104,013 Commerce 56,740 13,996 70,736 43,655 187 43,842 Tpt/Stor/Comms 138,602 11,319 149,921 198,511 1,215 199,726 Finance 27,159 201 27,360 164,149 31 164,180 Construction123 words
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Article77 2016-07-26 10 BY CENTS CLOSE UP 52w high/low DBXT ASX200 US$ 3508 117.1 2.5 3559/2900 SPDR S&P500 US$ ***** 113.0 0.4 *****/***** JMH USD 5789 47.6 0.6 6103/4500 DBXT S&P500 US$ 3761 40.8 0.8 3761/3126 DBXT MSEurope US$ 5313 39.5 0.5 6005/4770 BY PERCENTAGE CLOSE UP 52w high/low Hai Leck W*****577 words
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Article70 2016-07-26 10 BY CENTS CLOSE DOWN 52w high/low GLD US$ ***** -125.2 -0.7 *****/***** Jardine C&C 3669 -39.0 -1.1 4520/2636 Great Eastern 2131 -34.0 -1.6 2409/1870 UOB 1884 -21.0 -1.1 2339/1680 Lyxor CRBNonEny US$ 202 -17.7 -6.0 215/184 BY PERCENTAGE CLOSE DOWN 52w high/low Infinio 0.1 -66.7 -0.2 0.7/0.1 Metech Intl70 words
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Article78 2016-07-26 10 VOL CLOSE($) CHANGE New Wave 4,620.0 0.009 +0.002 +28.57 Cortina 3.0 0.760 -0.045 -5.59 Oceanus 2,641.0 0.005 +0.002 +66.67 Fabchem China 2.4 0.250 +0.090 +56.25 Plato Capital 40.0 0.090 +0.008 +9.76 HLH 23,855.0 0.007 +0.001 +16.67 ISOTeam 5,544.1 0.380 +0.020 +5.56 Swiber 2,511.0 0.118 -0.013 -9.92 LifeBrandz 7,547.078 words
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BROKERS’ TAKE
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Article130 2016-07-26 10 Singapore Post Hold Target price: S$1.64 July 25 close: S$1.48 UOB Kay Hian, July 25 We believe Singapore Post could see a potential kitchen-sinking exercise in FY2017 as earnings will likely be reined in by integration headwinds and goodwill provisions from leadership changes. Nevertheless, we continue to view positively SingPost’s130 words
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Article123 2016-07-26 10 CapitaLand Mall Trust Hold Target price: S$2.23 July 25 close: S$2.15 DBS Group Research, July 25 CapitaLand Mall Trust (CMT) share price has done well in recent times, benefiting from increased flows from yield hungry investors. Given the near term price run, we prefer to be buyers on dips. We123 words
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Article200 2016-07-26 10 Melissa Tan - Compiled by Melissa Tan Target price: S$1.45 July 25 close: S$1.345 OCBC Investment Research, July 25 One major development during the quarter was Microsoft’s decision to extend its current lease at Alexandra Technopark (ATP) for another five years. The original lease, expiring in FY2017, has now200 words
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Article17 2016-07-26 10 DATA I July 26 S’pore Industrial Production Index US FOMC Meeting US S&P/CaseShiller Home Price Index17 words
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446 2016-07-26 11 CURRENCIES REUTERS London THE US dollar held within sight of recent highs against the euro and yen on Monday ahead of meetings of US Federal Reserve and the Bank of Japan (BOJ) that investors on balance expect to be positive for the greenback. AloneREUTERS - 446 words
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FOREX RATES
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Article471 2016-07-26 11 Jul 25 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.985 4.997 0.682 5.803 50.364 98.300 0.795 8.514 3.053 1.071 78.423 35.304 1.019 10.716 0.739 24.060 26.236 0.570 0.748 Canada 1.016 5.075471 words
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Article155 2016-07-26 11 Jul 25 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0181 1.0190 0.7480 0.7482 Canadian dollar 1.0340 1.0350 0.7599 0.7596 Euro 1.4926 1.4938 1.0966 1.0968 NZ dollar 0.9507 0.9519 0.6985 0.6989 Sterling pound 1.7871 1.7890 1.3130 1.3135155 words
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Article22 2016-07-26 11 Jul 25 S$ Bid Offer 1-month 1.3614 1.3625 2-months 1.3617 1.3629 3-months 1.3621 1.3631 6-months 1.3628 1.3642 Source: OCBC22 words
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EQUITY BONDS WARRANTS FUTURES
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211 2016-07-26 11 Jul 25 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 9.5 unch 5295 0.1 1620 3 Rowsley Ltd W*****3 0.2 unch 4468 1 18 3 UOB MB eCW*****0 6.3 -0.5 2865 0.1 2000 4211 words
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377 2016-07-26 11 In local curr In S$ In US$ dy yr dy yr dy yr Jul 22 Index Change Change Change Change Change Change World Preliminary 1301.0 0.1 1.8 0.0 -1.9 -0.1 2.5 EAFE Preliminary 963.4 -0.1 -4.9 -0.3 -8.0 -0.4 -3.9 Europe Preliminary 1375.6 0.2 -2.6377 words
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Article387 2016-07-26 11 Jul 25 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jul16 9445.00 9490.00 9425.00 9460.00 *****7 *****1 Aug16 9437.50 9490.00 9425.00 9460.00 *****8 *****2 NIKKEI 225 INDEX FUTURES Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****1 Dec16 *****.00 *****.00 *****.00 *****.00 10 6017 MSCI TAIWAN387 words
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BANK RATES
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Article154 2016-07-26 11 Jul 25 $S Offer Bid 0vernight 0.35 0.25 1-month 0.625 0.50 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.60 US$ Offer Bid 7 days 0.52 0.42 1 month 0.55 0.45 2 months 0.70 0.50 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 2016-07-26 11 Jul 25 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.21 99.24 99.21 5-Year NX*****X 2.250 01-Jun-21 103.98 104.15 104.01 10-Year NX*****F 2.125 01-Jun-26 103.05 103.35 103.15 15-Year NZ*****F 2.875 01-Sep-30 109.20 109.48 109.23 20-Year NZ*****V 3.375 01-Sep-33 116.2667 words
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AGRI METALS ENERGY
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Article250 2016-07-26 11 Jul-22 Price Net change change Last Trade Agricultural Jul-22 CBOT Soybeans (US cents/bu) 1006.50 -26.00 -2.52% 12/8/2016 CBOT Soybean Oil (US cents/lb) 30.21 -0.85 -2.74% 12/8/2016 CBOT Wheat (US cents/bu) 425.25 7.50 1.80% 14/09/2016 Jul-22 LIFFE Cocoa (£/tonne) 2384.00 22.00 0.93% 15/09/2016 LIFFE Coffee (US$/tonne) 1780.00 -30.00 -1.66%250 words
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Article1778 2016-07-26 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High 150.5 127 AIMSAMP Cap Reit 146.5 +0.5 736 147 145 0.9 7.7 932.4 LOW Div 167.4 101 ARA Asset Mgmt 132.5 +0.5 243 1341,778 words
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Article335 2016-07-26 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale vol (’000) High Day 44.5 29.5 t Advancer Global 33.5 -1 1197 34.5 32.5 13.3 58 Div 16.2 4.5 t Alliance Mineral 9.8 unch ***** 10.4 9.6 47.1335 words
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Article136 2016-07-26 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1284 991 CIMBASEAN40 S$D 1195 +3 0 1210 1195 vol 3383 2355 DBXT China50 US$ US2977 +1 9 2979 2951 8.2 361 190 DBXT MSBrazil US$ US361 +2136 words
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Page 7 Advertisements
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Advertisement189 2016-07-26 7 m In I "ill I in i i i f mm LEVEL 24, CAPITAGREEN 138 MARKET STREET World’s finest Serviced Offices Fully furnished prestigious offices for 1 to 30 people, or more Dedicated receptionist answering your calls the way you would like Meeting rooms, bilingual secretaries High speed internet Global189 words
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Advertisement102 2016-07-26 7 FOUR SEASONS JAKARTA’S NEW CLASSIC: HAS RETURNED I v W r J K f IT J I i the a Continuing a 20-year tradition of refined elegance and thoughtful service, new Four Seasons Hotel Jakarta makes a grand entrance in a supremely convenient location in Capital Place. Combining award winning102 words
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Advertisement673 2016-07-26 8 GROUP LTD. KATRINA GROUP LTD. (Incorporated in the Republic of Singapore on 31 March 2016) (Company Registration Number: *****8344N) Placement of 35,800,000 New Shares at S$0.21 for each Share, payable in full on application. Unless otherwise defined, all capitalised terms used in this announcement shall have the same meanings as673 words
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Advertisement1167 2016-07-26 9 AccountServe A Stone Forest Company Globally Connected RSM Need Help with XBRL Reporting? 24 Hrs 8,000 turnaround time* reports since Nov 2007 *Terms conditions apply www.AccountServe.com.sg XBRL@AccountServe.com.sg T+65 6222 6868 A A SPECIAL ADVERTORIAL FEATURE A Get the EDGE in EMPLOYABILITY A As employment opportunities evolve in our increasingly global1,167 words
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Advertisement9 2016-07-26 10 For full listings of SGX prices, go to http://btd.sg/BTmkts9 words
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Advertisement79 2016-07-26 12 SGX== SGX My Gateway Stay informed about Singapore’s stock market with regular market updates, research reports and corporate actions. Sign up on sgx.com/mygateway now. Singapore Exchange This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or sell, nor financial advice or79 words
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SINGAPORE ACCOUNTANCY CONVENTION
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Article, Illustration1162 2016-07-26 13 FRANCIS KAN - Finance professionals have to raise the quality of company reporting to meet the growing needs of investors. BY FRANCIS KAN BY FRANCIS KAN AS business becomes more complex and increasingly borderless, both institutional and retail investors are demanding for more relevant and reliable financial1,162 words
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260 2016-07-26 13 THE Institute of Singapore Chartered Accountants (ISCA) plays a key role in promoting effective financial reporting in the accountancy profession. It collaborates with key stakeholders on various initiatives to enhance the quality of financial reporting. This year, the body is working with the260 words
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Advertisement192 2016-07-26 13 Jointly Organised by: Acra Accounting and corporate REGULATORY AUTHORITY IStA INSTITUTE OF SINGAPORE CHARTERED ACCOUNTANTS SINGAPORE ACCOUNTANCY CONVENTION 2016 Financial Reporting: Meeting Investors' Needs, Strengthening Market Confidence Thursday, 25 August 2016 Marina Bay Sands Expo and Convention Centre Register Today www. singaporeaccoun tancycon ven tion. sg For the first time,192 words
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REAL ESTATE
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413 2016-07-26 14 Tan Effie - A total of about 14,000 keys were traded across the region in the first half of 2016, compared to almost 11,000 keys in the same period in 2015 By Tan Effie taneffie@sph.com.sg Singapore ASIA Pacific hotel investment volumes in the first half413 words
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Article, Illustration443 2016-07-26 14 UK PROPERTY REUTERS Bengaluru INTEREST among Chinese buyers in buying UK property has surged since Britain voted to leave the European Union last month, as the pound’s slide has created opportunities to buy at a discount, real estate website juwai.com saidREUTERS; PHOTO: BLOOMBERG - 443 words
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332 2016-07-26 14 REUTERS Bengaluru SHOPPING centre landlord Hammerson Plc said the impact of Britain’s decision to leave the European Union (EU) on property valuations was still unknown, but the lettings and investment markets were facing a period of uncertainty. The company, which partlyREUTERS - 332 words
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425 2016-07-26 14 NYT Rio de Janeiro ADDING to the list of setbacks and stumbles for the Rio Olympics, the athletes’ village, home to thousands of athletes during the Summer Games, has been called unfit for occupancy. Sunday was supposed to beNYT - 425 words
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Article, Illustration839 2016-07-26 15 For healthcare companies, softness in the retail market has helped them negotiate favourable leases at malls BLOOMBERG New York THE Runway at Playa Vista in Los Angeles recently added a Whole Foods, a movie theatre, and upscale shops and restaurants retailBLOOMBERG; PHOTO: BLOOMBERG - 839 words
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Page 14 Advertisements
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Advertisement234 2016-07-26 14 Good Class Bungalow Land Plots Nassim Road m ,-JT Plot A Site Area: Approx. 18,618 sq ft Plot B Site Area: Approx. 15,634 sq ft Total Site Area: Approx. 34,252 sq ft Freehold. Elevated land Enjoys approx. 42 metres of Nassim Road frontage Available as two individual plots or as234 words
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Advertisement196 2016-07-26 14 B2 WAREHOUSE FACTORY FOR SALE -T B2 Warehouse along Sungei Kadut A purpose-built single storey detached factory warehouse Land: Approx. 104,965 sq ft Gross Floor Area: Approx. 68,849 sq ft Land Tenure: JTC leasehold balance approx. 6 years B2 Factory along Sungei Kadut A purpose-built single storey factory with a196 words
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Advertisement47 2016-07-26 14 A U G 1 6 11THURSDAY SPH News Centre 9.00am to 5.00pm UNLEASH THE COLLABORATIVE EFFORT OF TEAMS FOR INCREASED ENGAGEMENT, PRODUCTIVITY AND RESULTS Trainer Dinah Leong P R I C E $620.60 To register or find out more about our workshops, visit http://learning.stjobs.sg/ workshops STJOBS LEARNING47 words
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Advertisement126 2016-07-26 15 FOR SALE B2 Factory along Joo Koon Road 5 Storey single-user factory JTC Leasehold balance approx. 23 years Land Area 14,393 sqm Built Area approx. 9,398 sqm Open yard approx. 3,700 sqm Easy access to Joo Koon MRT Station Suitable for Chemical engineering, Metal works, Precision engineering. Expression of Interest126 words
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Advertisement220 2016-07-26 15 Invest in a New Era of High-Speed Growth In Iskandar Malaysia Excellent Locale Strategically connected to two major cities, Singapore and Kuala Lumpur, within 90 minutes 5 mins Malaysian customs at Tuas Second Link Two major ports An mins psaand Port of h km Tanjung Pelepas Proposed HIGH SPEED RAIL220 words
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BANKING & FINANCE
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Article, Illustration679 2016-07-26 16 Pauline Ng - Stock exchange operator sees a reversal of foreign funds this quarter after a strong inflow in the preceding quarter By Pauline Ng btworld@sph.com.sg Kuala Lumpur BURSA Malaysia Bhd turned in a flat performance for the second quarter to end June, its profitPHOTO: BLOOMBERG - 679 words
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533 2016-07-26 16 BLOOMBERG Frankfurt DEUTSCHE Bank AG’s John Cryan will try to convince investors this week that his efforts to turn around Europe’s biggest securities firm will succeed. It is a narrative that is becoming harder to sell. The quarterly update onBLOOMBERG - 533 words
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294 2016-07-26 16 BLOOMBERG Shanghai AGRICULTURAL Bank of China Ltd is planning China’s largest sale so far under a trial programme for lenders to offload bad loans by packaging them as asset-backed securities. The lender plans to sell securities backed by 10.7 billion yuanBLOOMBERG - 294 words
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417 2016-07-26 16 BLOOMBERG Seoul SOUTH Korean investors beset by Asia’s third-lowest benchmark yields are embracing peer-to-peer (P2P) loans that offer average rates of about 9 per cent and not a lot of information about where the money winds up. The nascent online P2PBLOOMBERG - 417 words
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Page 16 Advertisements
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Advertisement946 2016-07-26 16 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 l946 words
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Advertisement346 2016-07-26 16 UNITED OVERSEAS BANK LIMITED Company Registration No. *****0026Z (Incorporated in the Republic of Singapore) LOST SHARE CERTIFICATES Notice is hereby given that the following share certificates have been reported lost, destroyed or mislaid:Name Certificate No. No. of Shares Lim Chin *****40-8 139 -do- *****41-4 9 Notice is also hereby given346 words
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Advertisement362 2016-07-26 16 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF NADEM LANDS PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (Co Reg No *****0227M) The following resolutions were unanimously resolved at the Extraordinary General Meeting of the above company on 18 July 2016. Special Resolutions 1. That the362 words
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ENERGY & COMMODITIES
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Article, Illustration806 2016-07-26 17 Hedge funds bet on the metal as China’s copper imports hit all-time high in first half BLOOMBERG New York EVEN with the recent turmoil, the global economy is looking pretty resilient at least that’s what metals investors are signalling. Over the course of aboutBLOOMBERG; PHOTO: REUTERS - 806 words
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349 2016-07-26 17 BLOOMBERG London THE UK should review its decision to ban onshore wind subsidies, a move that could cost Scotland as much as £3 billion (S$5.4 billion) and torpedo its clean energy targets, lawmakers said. The Scottish government’s views wereBLOOMBERG - 349 words
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400 2016-07-26 17 BLOOMBERG New Delhi MYTRAH Energy Ltd is weighing whether to become India’s first company to list an infrastructure investment trust, or InvIT, to help the wind farm developer tap rising demand for green power. Mytrah, traded on London’s Alternative Investment Market, may seek asBLOOMBERG - 400 words
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Page 17 Advertisements
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Advertisement9 2016-07-26 17 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices9 words
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TECHNOLOGY
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894 2016-07-26 18 It is likely to rely on faster networks, lower prices and lots of artificial intelligence in what will be an uphill climb NYT New York WHEN it comes to cloud computing, Google is in a very unfamiliar position: seriously behind.NYT - 894 words
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637 2016-07-26 18 REUTERS Chicago A COMPUTERISED brain training programme cut the risk of dementia among healthy people by 48 per cent, US researchers said on Sunday in reporting an analysis of the results of a 10-year study. The preliminary findings, presented atREUTERS - 637 words
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593 2016-07-26 18 Anna Wexler - By Anna Wexler NYT New York THIS month, in the journal Annals of Neurology, four neuroscientists published an open letter to practitioners of do-it-yourself (DIY) brain stimulation. These are people who stimulate their own brains with low levels of electricity, largelyNYT - 593 words
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Article, Illustration461 2016-07-26 18 NYT New York MANY new technologies are born with a bang: Virtual reality headsets! Renewable rockets! And old ones often die with a whimper. So it is for the videocassette recorder, or VCR. The last-known company still manufacturing the technology, the Funai CorpNYT - 461 words
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Page 18 Advertisements
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Advertisement155 2016-07-26 18 Celebrating our 10th anniversary, INVEST Fair 2016 brings together renowned world-class speakers and experts in the region to share the latest development and outlook in the financial industry. EVENT DETAILS Suntec Hall 401-403 REGISTER ONLINE AND DOUBLE YOUR CHANCE IN OUR LUCKY DRAW! 30th 31st July 2016 10am 7pm +65155 words
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Advertisement21 2016-07-26 18 majulahmomentsRelivemets FORLOCAL POSTINGONLY POSTAGE PREPAID LIMITED EDITION COLLECTOR’S POSTCARD BOOK ONLY 1,500 COPIES PRINTED Available at good bookstores and www .stpressbooks.com.sg21 words
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Advertisement43 2016-07-26 18 STAND TO WIN A PAIR OF BUSINESS CLASS Sign up for our The Straits Times free newsletter here: wwii/irSt t stimeslcjbM tcw$ n||jl|i 'Terms conditions apply and contest is existing subscribers Wf m 3 Sv fa* <p vmt Till; ST RAIT'S TIMES straitstimes.com43 words
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CONSUMER
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712 2016-07-26 19 Sponsored content itself has also shifted as audiences migrate towards social platforms NYT New York FOR some publishers unsettled by a fast-changing online advertising business, sponsored content has provided much-needed relief. In recent years, publications large and small have invested in teamsNYT - 712 words
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Article, Illustration385 2016-07-26 19 REUTERS BLOOMBERG Sydney WOOLWORTHS Ltd, Australia’s top grocer, on Monday said it will book costs of up to A$1 billion (S$1 billion), close stores, axe 500 jobs and consider selling online retailer Ezibuy in a restructuring aimed at regaining itsREUTERS; BLOOMBERG; PHOTO: REUTERS - 385 words
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Page 19 Advertisements
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Advertisement158 2016-07-26 19 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF REDBRIDGE GS (SINGAPORE) PTE. LIMITED Co. Reg. No. *****5404K (IN MEMBERS’ VOLUNTARY LIQUIDATION) FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 (1) of the Companies Act, Cap. 50, that a Final General Meeting158 words
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Advertisement69 2016-07-26 19 BE FUTURISTIC REVOLUTIONISE YOURJOB APPLICATION Complement your resume with a VISUME (video resume) by showcasing your personality and stand out from the crowd. f j achel Chan •>(« 6,e Cu|lv> 6 2010 r -^Oaivj rP Vn«,~ m,v Vnnis sAlC*Hon B«ch*i or ij '<10 Jo:-*. f MM OCC O Skill. intomti69 words
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TRANSPORT
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Article, Illustration560 2016-07-26 20 Turnbull says it’s “a matter for the Malaysian investigators” and everyone wants to find the aircraft AFP Sydney AUSTRALIA on Monday brushed off a reported FBI probe into the pilot of missing Flight MH370, saying it was a matterAFP; PHOTO: REUTERS - 560 words
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Article, Illustration453 2016-07-26 20 AFP Beijing CHINA has completed production of the world’s largest amphibious aircraft, state media has said, the latest effort in the country’s programme to wean itself off dependence on foreign aviation firms. The state-owned Aviation Industry Corporation of China (AVIC) unveiled the first ofAFP; PHOTO: AFP - 453 words
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597 2016-07-26 20 Some 2.5t rupees of debt is required in 5 years through 2020 for upgrade: minister BLOOMBERG New Delhi INDIAN Railways plans to rack up debt to help fund an unprecedented modernisation plan. Some 2.5 trillion rupees (S$ 50 billion) ofBLOOMBERG - 597 words
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323 2016-07-26 20 REUTERS New Delhi GENERAL Motors (GM) is re-evaluat-ing its planned US$1 billion investment in India and has put on hold moves to bring a new car platform to India as it re-assesses its strategy in the country, according to company officials. The rethinkREUTERS - 323 words
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Page 20 Advertisements
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Advertisement48 2016-07-26 20 HOT PROPERTY PAGODA ST 3-STY Shophse 99 yrs Land 1370 sqft. Heavy human traffic. ROI 3.4%. SYED ALWI 2-STY Shophouse F'hold 1600/2500 sf, future MRT/ bus stop/ foodctr, main rd. Dont miss. SHOP SPACES FOR SALE Check out these properties and more in The Straits Times Classified now!48 words
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Advertisement21 2016-07-26 20 bird’s Eye view OF TENDERJOBS Check out the most comprehensive collection of tender notices in The Straits Times Notices. 14/myj jun21 words
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GOVERNMENT & ECONOMY
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Article, Illustration697 2016-07-26 21 Statement says Asean is “seriously concerned” by “land reclamations and escalation of activities” and calls for “self-restraint” in the strategic waterway AFP Vientiane SOUTH-EAST Asian nations on Monday ducked direct criticism of Beijing over its claims to the South China Sea, inAFP; PHOTO: REUTERS - 697 words
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564 2016-07-26 21 REUTERS Manila PHILIPPINE President Rodrigo Duterte vowed big reforms to tackle chronic economic flaws on Monday and defended his pursuit of a deadly an-ti-narcotics war, saying drugs were drowning his country and human rights were no excuse to shield criminals. Just a monthREUTERS - 564 words
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Article, Illustration918 2016-07-26 21 BLOOMBERG Washington DEMOCRATS flooding into Philadelphia this week for their 2016 convention will be ratifying a series of leftward policy shifts adopted by presumptive nominee Hillary Clinton amid prodding from democratic-so-cialist Senator Bernie Sanders, making them a more progressive party thanBLOOMBERG; PHOTO: AFP - 918 words
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Article, Illustration775 2016-07-26 21 Undeclared US$200b has been squirrelled away in Singapore, sources say REUTERS Singapore SINGAPORE’S wealth management industry is likely to suffer a bad dent as rich Indonesians move some money back home to take advantage of a tax amnesty, but the exodus ofREUTERS - 775 words
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OPINION
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552 2016-07-26 22 EDITORIAL THIS month marks the 25th anniversary of India’s pro-market economic reforms, which were launched in July 1991. Looking back, it is remarkable how far the Indian economy has come since then. And even if the journey has,552 words
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Article, Illustration737 2016-07-26 22 Robert Samuelson - Paradise lost and found? THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP IT’S the revolution of rising expectations again. Watching Donald Trump last week, I thought of Alexis de Tocqueville, the French political philosopher whose Democracy in America, published in the 1830s, remains the most insightful studyTHE WASHINGTON POST WRITERS GROUP - 737 words
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Article, Illustration1182 2016-07-26 22 INDRANEE RAJAH - Singapore eyes becoming an international hub for debt restructuring. The global economy is making the ride bumpy, but new frontiers are waiting to be conquered. BY INDRANEE RAJAH conquered.BY INDRANEE RAJAH T The writer is Senior Minister of State, Ministry of LawPHOTO: REUTERS - 1,182 words
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1028 2016-07-26 23 Andrew Hammond - COMMENTARY By Andrew Hammond T The writer is an associate at LSE IDEAS (the Centre for international Affairs, Diplomacy and Strategy) at the London School of Economics THIS week’s Democratic convention, which follows Hillary Clinton’s selection of Virginia Senator Tim1,028 words
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Article, Illustration734 2016-07-26 23 John Redwood - By John Redwood T John Redwood is MP for Wokingham, chairman of the Conservative Economic Affairs Committee and a former Secretary of State for Wales. OMFIF EUROPEAN Union leaders are urging British Prime Minister Theresa May to speed up the UK’s plans for exit. IOMFIF; PHOTO: AFP - 734 words
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Article, Illustration1382 2016-07-26 23 Leon Hadar - Trump blasts wealthy donors and powerful lobbyists who have been guiding the Republican Party and challenges the party’s foreign and trade policy orthodoxies By Leon Hadar NOTWITHSTANDING the outcome of the 2016 US presidential election, one thing is clear: DonaldPHOTO: BLOOMBERG - 1,382 words
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Page 24 Advertisements
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Advertisement916 2016-07-26 24 THE BUSINESS TIMES rrm Shipping times Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul916 words
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LIFE & CULTURE
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Article, Illustration914 2016-07-26 25 Donors are only interested in financing their own institutions so traditional museums have to be even more aggressive to win their dollars NYT New York THE recent announcement of a wrenching round of layoffs at the Metropolitan Museum of Art in NewNYT; PHOTO: NYT - 914 words
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435 2016-07-26 25 NYT Devanampattinam, India THE transformation of transgender women into goddesses for an annual Hindu festival takes place in an atmosphere of reverent, sombre concentration. Laugh lines vanish, replaced by an impassive mask. As they prepared to perform in the Mayana Kollai festival inNYT - 435 words
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Article, Illustration901 2016-07-26 25 NYT New York THE New Museum’s summer show The Keeper explores the complex relationships we have with the things we collect. Why do we amass certain objects? How do these collections affect us and those around us? When does a pleasant hobby cross the lineNYT; PHOTOS: NYT - 901 words
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Page 25 Miscellaneous
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Miscellaneous316 2016-07-26 25 CRYPTIC CROSSWORD Across 1 Rugby team needing a drink missing second score for Murray perhaps (6-7) 9 Rascal finishing in store (9) 10 Dance beat with energy (5) 11 Article about my revolutionary herb (5) 12 what you might have in a pub that’s just opened (4) 13 Come together316 words
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SME
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Article, Illustration989 2016-07-26 26 MINDY TAN - Lian Beng has conscientiously sought to expand its core construction business to related sectors, to help soften the blow of weaker demand. BY MINDY TAN demand.BY MINDY TAN tanmindy@sph.com.sg @MindyTanBT A THOROUGH study of Lian Beng Group’s complicated group structure is required if you wantPHOTO: AIDAN LOO - 989 words
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Article, Illustration1316 2016-07-26 26 Anthony Chien Yuen Hong, Chester Yeo Jing Wei, Isaac Cheong zikang, Gerald Ong Zheng Ze - By Anthony Chien Yuen Hong, Chester Yeo Jing Wei, Isaac Cheong zikang, Gerald Ong Zheng Ze T The writers are students of NUS Business School OFTEN cited as one of the must-go places for locals and tourists alike for its chilli crab,ST FILE PHOTO - 1,316 words
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Page 26 Advertisements
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Advertisement61 2016-07-26 26 Celebrating Singapore´s Enterprising Spirit 2016 This series is part of the Enterprise 50 Educational Project between the E50 partners and the NUS Business School. Jumbo Group was among the winners in 2015. The annual E50 ranking is co-organised by The Business Times and KPMG, sponsored by OCBC Bank, and supported61 words
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