The Business Times, 12 September 2013
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2013-09-12
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The Business Times
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Title Section25 2013-09-12 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 085/08/2013 Thursday, eptember 12, 201325 words
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692 2013-09-12 1 JACQUELYN CHEOK - S’pore firm No. 1 DIY mobile app publisher with AppMakr buy B)’ JACQUELYN CHEOK jaccheok@sph.com.sg [SINGAPORE] Singaporebased tech start-up Infinite Monkeys is now the world’s largest do-it-yourself mobile app publisher, following its acquisition of fellow mobile app builder AppMakr on Monday for692 words
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Article, Illustration843 2013-09-12 1 ANDREA SOH - Clampdown on unsecured lending follows concern over rising household debt levels B)’ ANDREA SOH sandrea@sph.com.sg [SINGAPORE] Unsecured credit customers who have two months or more of unsecured credit debt past due will no longer be able to get further credit from banks, under newSource: MAS - 843 words
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MARKETS DIGEST
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Article65 2013-09-12 1 HST INDEX 3,108.19 (-15.70) HST INDEX FUTURES 3,107.00 (-16.00) GSIMSCI 354.38 (+0.30) GSIMSCI FUTURES 354.70 (+0.50) US$ S$ US$ (S$ per US$) 1.270 (US$/S$ per 1.573 1.997 EURO (US$/S$/€ 1.326 1.683 Foreign currency per US$ S$ YEN 100.30 79.00 RM 3.275 2.579 HK$ 7.755 6.108 BAHT 32.115 25.29 RUPIAH65 words
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Article48 2013-09-12 1 Wednesday Change KL COMP 1,768.48 +3.53 NIKKEI 225 14,425.07 +1.71 HANG SENG 22,937.14 -39.51 SET INDEX 1,411.18 +18.01 JAKARTA COMP 4,349.42 -8.72 MANILA COMP 6,214.90 +125.18 SEOUL COMP 2,003.85 +9.79 SHENZHEN B 838.89 -1.60 MUMBAI IND 19,997.45 +0.35 12noon EDT Change DOW 15,279.29 +88.23 NASDAQ 3,718.85 -10.1748 words
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Article21 2013-09-12 1 SINGAPORE 5.38 MALAYSIA INDONESIA HONG KONG TAIWAN INDONESIA 13.405 TAIWAN 5.036 JAPAN 1.475 SWITZERLAND 9.33 INDIA 0.50 Source: Bloomberg21 words
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Page 1 Advertisements
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Advertisement160 2013-09-12 1 COMPANIES Xyec prices Japanese IPO at 26 cents a share PROPERTY Guillemard condo lowers price for en bloc sale PAGE 30 HOCK LOCK SIEW Disclosure: how much to tell and when? COMMENTARY Devil’s in the details with tax cheats PAGE 5 PAGE 7 PAGE 21 Read what the experts have160 words
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TOP STORIES
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Article296 2013-09-12 2 MAS tightens unsecured credit screws UNSECURED credit customers who have two months or more of unsecured credit debt past due will no longer be able to get further bank credit. FRONT PAGE Infinite Monkeys is app market Gorilla SINGAPORE-BASED start-up Infinite Monkeys is now the world’s largest do-it-yourself296 words
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637 2013-09-12 2 JOYCE HOOI - SingTel, StarHub, M1 start taking registrations of interest for upcoming iPhone 5c and iPhone 5s APPLE’S NEW iPHONES By JOYCE HOOI joyceh@sph.com.sg [SINGAPORE] It’s margin pressure season for the telcos again with a new iPhone release, but the collective yawn that637 words
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941 2013-09-12 2 AMIT ROY CHOUDHURY - By AMIT ROY CHOUDHURY amit@sph.com.sg [SINGAPORE] Apple moved closer to clinching a lucrative deal with China Mobile yesterday after it got a licence for its phones to operate on the telco’s 3G and 4G networks from China’s Telecom Equipment Certification Centre. This941 words
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Article, Illustration395 2013-09-12 2 ROBERT CYRAN - REUTERS BREAKINGVIEWS By ROBERT CYRAN [NEW YORK] Apple has given the finger to the sceptics. That’s not obvious from the stock price, which slid 2.2 per cent knocking some US$10 billion off the company’s market capitalisation after chief executive Tim Cook and his colleagues unveiled395 words
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Article, Illustration570 2013-09-12 4 KELLY TAY - PM Lee lists new opportunities for Vietnam-S’pore collaborations By KELLY TAY in Hanoi kellytay@sph.com.sg AFTER two years of discussions, Singapore and Vietnam yesterday inked a strategic partnership agreement which will pave the way for new areas of economic cooperation, including in the aviation andPHOTO: DESMOND FOO/THE STRAITS TIMES - 570 words
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662 2013-09-12 4 VIRGINIE MANGIN - By in Beijing VIRGINIE MANGIN in Beijing CHINESE Premier Li Keqiang has vowed to push ahead with reforms, with a strong focus on changes in its financial system. And while the world’s second-largest economy was stable, he reckoned there was a need662 words
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Article, Illustration700 2013-09-12 4 KALPANA RASHIWALA - BY KALPANA RASHIWALA kalpana@sph.com.sg [SINGAPORE] The head of the property developers’ body yesterday said the future shines bright with exciting possibilities, even as the property market takes its course through the cycle of business. Speaking at the Real Estate Developers’ Association ofPHOTO: ARTHUR LEE - 700 words
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Advertisement137 2013-09-12 2 Top Business Schools Coming to Recruit Local Talent Singapore MBA Conference Monday 16 September 2013 17 00 h 22 00 h Shangri-La Hotel Singapore 22 Orange Grove Road r 'Of FAIR: Speak one on one with admission representatives and atumni MEETUP: Register, setect schoots, get invited to 1:1 or small137 words
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Advertisement125 2013-09-12 3 Artful Luxury Redefined Olympic length swimming pool with Cabanas Clubhouse and Residence Concierge, managed by Capella Singapore Spacious residence with double-volume balcony Location, Privilege and Provenance Ardmore Residence, a new luxury residential development by Pontiac Land Group. The exclusivity of urban living, complemented by lush tranquility and security. 4-bedroom residences,125 words
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Advertisement73 2013-09-12 4 to' Let us fly you there safely** Captain Sofia 11 m it Y <C O ALL-IN PRICE ADVANCE BOOKING FROM SGD Hj noTrefjjnd noichange NO CANCELLATIONS V. <0 ONE WAY Fly direct to Kuala Lumpur, Kuantan, Ipoh (Subang Airport) Travel period up to 25 Oct 2014 All-in price displayed includes73 words
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COMPANY NEWS
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Article, Illustration567 2013-09-12 5 KENNETH LIM - Firm to close offer of 25m new placement shares on Sept 16, list on Sept 18 By KENNETH LIM kenlim@sph.com.sg ENGINEERING and IT services provider Xyec Holdings Co priced the first-ever Japanese initial public offering (IPO) on Catalist at 26 cents567 words
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301 2013-09-12 5 ONG CHOR HAO - By ONG CHOR HAO ongch@sph.com.sg RUBBER producer Halcyon Agri Corporation has made another move to grow its business following a recent round of capital injection. In a regulatory filing yesterday, the Catalist-listed company said it had signed a term sheet to acquire PT301 words
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288 2013-09-12 5 CARINE LEE - By CARINE LEE carinel@sph.com.sg IMPAIRMENT loss of $3.1 million saw the fiscal first-quarter net profit of Popular Holdings fall 18.8 per cent year on year to $5.32 million from $6.56 million. The impairment loss for the May-July quarter was attributed to288 words
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Article, Illustration592 2013-09-12 7 JASMINE NG - Directors should not be too engrossed on compliance, say SID conference speakers By JASMINE NG jasng@sph.com.sg IT is time directors take a step back from their traditional emphasis on regulatory compliance and refocus on the fundamental principle of corporate governance creating value for stakeholders. This592 words
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696 2013-09-12 7 R SIVANITHY - HOCK LOCK SIEW By R SIVANITHY IT IS always difficult in a disclo-sure-based market to know where to draw the line when it comes to how much to tell and when to tell it. Rules can only do so much; many times, judgement696 words
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389 2013-09-12 8 Sales likely to attract Wilmar and Sime Darby, says source Reuters [BANGKOK] Thailand’s largest energy firm, PTT Pcl, plans to sell its palm oil business in Indonesia worth an estimated US$300-400 million as part of moves to divest non-core businesses, a senior companyReuters - 389 words
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306 2013-09-12 8 SHARES in Yangzijiang Shipbuilding Holdings Ltd, China’s No 2 private shipyard, jumped by the most since October 2011 as Credit Suisse Group AG and DBS Group Holdings Ltd raised their ratings on optimism that orders will rise. Yangzijiang climbed 6 per cent to $1.04306 words
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266 2013-09-12 8 Bloomberg GOLDMAN Sachs Group has cut its 12-month forecast for commodity returns, predicting a decline in precious metals, agriculture and energy. The bank kept its neutral recommendation on raw materials. The Standard Poor’s GSCI Enhanced Commodity Index will drop 2 per cent, comparedBloomberg - 266 words
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COMPANY BRIEFS
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81 2013-09-12 8 HIAP Hoe is investigating an allegedly erroneous media report by an Australian online media website in relation to its purchase of a property at 380 Lonsdale Street in Melbourne. The company said the report alleged lapses in compliance with the continuing disclosure obligations of the81 words
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90 2013-09-12 8 A CONSORTIUM led by jet fuel trader China Aviation Oil (CAO) has won a tender to provide into-plane fuelling services at Hong Kong International Airport (HKIA) for 10 years. CAO will own 39 per cent of the stake in a newly formed joint-venture company,90 words
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85 2013-09-12 8 UPP Holdings has received a temporary certificate of incorporation dated Aug 30 for a proposed joint venture company UPP-MSP Engineering Limited with a Myanmar-incorporated partner. UPP-MSP has also been granted a temporary form of permit to carry on business relating to engineering and other85 words
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Page 5 Advertisements
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Advertisement26 2013-09-12 5 6 my i Cl/WISMAATRIA WISMAONLINE.COM 435 ORCHARD ROAD, NEXT TO ORCHARD MRT. CONCIERGE *****103. OPEN 10AM 10PM DAILY. ISMA vTRIA A Property of STARHILL GLOBAL REIT26 words
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SINGAPORE MARKETS
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Article, Illustration563 2013-09-12 6 R SIVANITHY - Index falls 15.7 points and the broad market records 314 rises versus 188 falls excluding warrants STOCKS R SIVANITHY sivan@sph.com.sg Senior Correspondent AFTER gaining 108 points in four consecutive sessions, the Straits Times Index yesterday fell 15.7 points to 3,108.19. Turnover wasSource: Bloomberg - 563 words
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Article73 2013-09-12 6 Sep 11 VALUE CLOSE BT OB/OS 718.00 +339.00 BT CADI -*****.00 +107.00 BT 10-day MA -*****.00 +72.00 FTSE ST Mid Cap 752.52 +5.26 FTSE ST Small Cap 549.66 +2.63 FTSE ST All Share 763.96 -1.74 FTSE ST China Top 199.32 +2.78 FTSE ST China 225.93 +1.20 FTSE73 words
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Article186 2013-09-12 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 8 4 0 0 0 3 8 4 Manufacturing 78 49 33 12 6 12 90 55 45 Commerce 34 15 24 11 2 3 45 17 27 Tpt/Stor/Comms 31 2 10186 words
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Article123 2013-09-12 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 27,196 27,196 35,685 35,685 Manufacturing 526,095 128,796 654,891 169,676 16,516 186,192 Commerce 221,717 804,910 1,026,627 71,557 52,885 124,442 Tpt/Stor/Comms 264,884 69,629 334,513 196,935 19,379 216,314 Finance 87,561 644 88,205 164,672 264 164,937 Construction 120,303 90,196123 words
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Article, Illustration932 2013-09-12 6 KENNETH LIM - Compiled by KENNETH LIM United Overseas Bank Sept 11 close: S$20.45 OCBC Investment Research, Sept 11 RECENTLY, we met with UOB’s core Thailand management team at its Corporate Day. Management were generally positive on UOB’s business, presence and growth in Thailand. This optimism is supported by rising regionalSource: Bloomberg - 932 words
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Article111 2013-09-12 6 Stock name Close Change CapMallsAsia 1.930 CapitaLand 3.070 +0.030 CapitaMall 1.860 -0.010 CityDev 10.22 +0.060 ComfortDelGro 1.870 DBS Grp 16.31 -0.190 GLP 2.750 -0.020 Genting SP 1.445 +0.050 Golden Agri 0.550 -0.010 HK Land 6.330 -0.060 HPH Trust US$ 0.750 +0.005 JMH 54.46 -2.540 JSH 33.80111 words
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Article, Illustration561 2013-09-12 6 CURRENCIES Reu ters [LONDON] The yen was in sight of multi-year lows versus the euro and slipped to a seven-week trough against the dollar yesterday as an easing in international tensions over Syria prompted investors to seek high-er-yielding assets. US PresidentReuters; PHOTO: BLOOMBERG - 561 words
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Article50 2013-09-12 6 VOLUME Albedo 668,813,000 EMS Ener 142,115,000 YHM 81,830,000 CNA 81,086,000 FreightLinks 77,797,000 Asiatic 72,225,000 Anchun 61,623,000 Innopac 60,327,000 Yangzijiang 54,514,000 HanKore 53,262,000 VALUE($) DBS Grp 78,398,910 Genting SP 75,737,155 SingTel 56,391,276 Yangzijiang 55,640,850 Ezra 48,759,010 Albedo 37,871,663 UOB 34,279,930 CapitaLand 30,616,730 OCBC Bk 26,906,440 Blumont 24,294,355 Clob50 words
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Article113 2013-09-12 6 BY CENTS CLOSE UP Lyxor Indonesia10US$ 7877 668.9 7.2 DBXT Nifty 10US$ 9477 195.5 1.7 DBXT MSJAP 10US$ 4501 135.8 2.4 DBXT STGLDv100 10US$ 2940 74.9 2.0 DBXT MSBrazil 10US$ 485 63.5 11.5 DBXT FTVietnam 10US$ 2228 54.6 2.0 DBXT MSCHINA 10US$ 1248 50.8 3.3 DBXT FTChina25 10US$ 3012113 words
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Article123 2013-09-12 6 BY CENTS CLOSE DOWN JMH 5446 -322.4 -4.5 JSH 3380 -215.8 -4.8 Jardine C&C 3516 -84.0 -2.3 GLD 10US$ ***** -82.5 -0.5 DBS Bk 4.7% NCPS 100 ***** -50.0 -0.5 DBXT MSTHAI 10US$ 1951 -31.7 -1.3 DBS Grp 1631 -19.0 -1.2 Hyflux 6% CPS 10 ***** -10.0 -0.1 Spore123 words
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Page 7 Advertisements
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Advertisement113 2013-09-12 7 Islamic Home Financing in SGD Buying a property in Malaysia? Introducing Singapore’s first Islamic Home Financing Solution Maybank offers you the ease of financing your Malaysia property purchase right here in Singapore. Enjoy attractive rates with our Islamic Home Financing solution based on the Commodity Murabaha concept. You may also113 words
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Advertisement585 2013-09-12 8 INITIAL PUBLIC OFFERING XYEC HOLDINGS CO., LTD. (Company Registration Number: 0104-01-*****8) (Incorporated in Japan as a stock corporation (kabushiki kaisha) with limited liability on 9 September 2005) Invitation in respect of 25,000,000 Placement Shares at S$0.26 for each Placement Share, payable in full on application LEVERAGING THE GROWTH OF ENGINEERING585 words
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SINGAPORE NEWS
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Article, Illustration587 2013-09-12 9 MICHELLE QUAH - Hanafi: Five other accused just helped administer budgeting of Crossover Project CITY HARVEST CHURCH CASE By MICHELLE QUAH michquah@sph.com.sg INDONESIAN businessman and City Harvest Church (CHC) member Wahju Hanafi, who has spent the better part of the last two weeks on the stand,PHOTO: LAU FOOK KONG/THE STRAITS TIMES - 587 words
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492 2013-09-12 9 GRACE LEONG - He e-mailed info to himself before leaving GFI to join rival firm By GRACE LEONG gleong@sph.com.sg A FORMER trainee broker of the GFI Group in Singapore has been ordered by the High Court to return confidential trading activity and client data he492 words
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Article, Illustration841 2013-09-12 9 Bloomberg SINGAPORE’S building regulator is seeking more funds to support landlords who upgrade systems used to power and cool structures, which account for a third of the nation’s electricity consumption. The Building and Construction Authority (BCA) wants more money after exhausting $100 millionBloomberg; FILE PHOTO - 841 words
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Article, Illustration450 2013-09-12 9 VIVIEN SHIAO - More companies sending staff abroad to support business By VIVIEN SHIAO vshiao@sph.com.sg A SURVEY by KPMG has found that a mobile workforce is becoming increasingly prevalent as more companies send their employees on overseas assignments. Some 72 per cent of more than 600450 words
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Advertisement78 2013-09-12 9 Sotheby's 40 YEARS IN ASIA tb “./I' PE3 35 m H PREVIEW IN SINGAPORE 13-14 SEPTEMBER 2013 (11:00AM-6:30PM) THE REGENT SINGAPORE, 1 CUSCADEN ROAD RICHARD MILLE, AN EXCEPTIONAL AND VERY RARE LIMITED EDITION MAGNESIUM WE54 CASED TONNEAU-FORM SKELETONIZED TOURBILLON WRISTWATCH RM 038 BUBBA WATSON MADE IN AN EDITION OF 3878 words
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MALAYSIA
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Article, Illustration477 2013-09-12 10 Najib to announce measures on Sat relating to equity ownership, business, and human capital Reuters [KUALA LUMPUR] Malaysian Prime Minister Najib Razak will announce measures this week to boost the economic role of majority ethnic Malays, official media reported yesterday, signalling a reversal ofReuters - 477 words
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377 2013-09-12 10 Railroads making comeback because of inherent efficiency: Najib [KUALA LUMPUR] Malaysia expects to invest another RM160 billion (S$62 billion) on rail development by 2020, Prime Minister Najib Razak said. He said that since 1990, the government has invested more than RM50 billion in377 words
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Article, Illustration468 2013-09-12 10 Reuters [KUALA LUMPUR] Westports Holdings, operator of Malaysia’s busiest port, has recruited mostly statelinked funds to take up 90 per cent of an institutional tranche, two sources said, as it looks to shield its US$610 million IPO from jittery regional markets.Reuters - 468 words
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Advertisement671 2013-09-12 10 Move Your Business To A Higher Level Who should attend: CEOs, Directors, Managers, Team Leaders and other general management professionals and anyone interested in achieving workplace success through improving their communication and productivity at work. 2013 SEPTEMBER SERIES Productivity and Credit (P/q Claimable FULL-DAY WORKSHOPS Developing the Next Generation of671 words
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GREATER CHINA/INDIA
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Article, Illustration760 2013-09-12 11 Govt now allows 51% joint ventures but rules fuzzy on detailed guidelines AFP [MUMBAI] A year since India reduced foreign investment barriers to its retail sector to spur flagging economic growth, confusing rules and political uncertainty are keeping overseas supermarket giants away,AFP; PHOTO: REUTERS - 760 words
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356 2013-09-12 11 Reuters [SHANGHAI] A draft policy outlining financial and industrial reforms in Shanghai’s recently approved Free Trade Zone (FTZ) could be released as early as this week, the official Shanghai Securities News reported, citing sources with knowledge of the matter. Once theReuters - 356 words
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Advertisement117 2013-09-12 11 A PARKROYAL COLLECTION HOTEL Admire our hotel's prized green architecture reflecting an oasis in the city 3 Upper Pickering Street Singapore *****9 Toll free: 1800 2557 795 enquiry.prspsOparkroyalhotels.com Standing tall between Hong Lim Park, Chinatown and Singapore's Central Business District, PARKROYAL on Pickering, a PARKROYAL Collection hotel, is an architectural117 words
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ECONOMY WATCH
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409 2013-09-12 12 Political upheaval the biggest risk, joblessness at record level, investors still lack confidence in EU Reu ters [STRASBOURG] European Commission President Jose Manuel Barroso has called on the European Union to cement its fragile economic recovery even as an emergence fromReuters - 409 words
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Article, Illustration732 2013-09-12 12 Income from foreign tourists up 8.2% to 3.7b euros in H1 AFP [LISBON] The famous number 28 tram, winding its way through the narrow streets of the Portuguese capital, is packed. Foreign tourists are flocking to Lisbon, as well as the southern coastalAFP; PHOTO: AFP - 732 words
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Advertisement72 2013-09-12 12 Knowing your legal rights makes all the difference in your investment Buying property can be a stressful and complicated process. STProperty understands that and tries to keep it as simple straightforward as possible. For more information on legal matters, visit www.stproperty.sg/Legal f STProperty.SG STPropertySG A product of SPH, Singapore’s trusted72 words
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WORLD
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360 2013-09-12 13 Wholesaler sales are up for 4th month but at 0.1%, smallest gain since December LATEST US DATA AP [WASHINGTON] US wholesalers increased their stockpiles only slightly in July after three monthly declines and their sales improved at the weakest pace in seven months. TheAP - 360 words
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Article, Illustration553 2013-09-12 13 Bloomberg [LONDON] Vodafone Group’s 7.7 billion euro (S$13 billion) takeover of Kabel Deutschland Holding AG is under threat amid speculation that a hedge fund that boosted its stake in the target did so to squeeze extra cash from the deal. The UK mobile-phoneBloomberg; PHOTO: REUTERS - 553 words
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514 2013-09-12 13 AFP [PARIS] France and Portugal yesterday said that they are unable to meet their EU mandated deficit targets with France announcing “unprecedented” cuts in its next budget and Portugal pushing for changes to its deficit reduction target. Despite emerging from a shallow recessionAFP - 514 words
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220 2013-09-12 13 AFP [BERLIN] Germany paid its highest interest rate in almost two years at a bond auction yesterday, as economic prospects in the eurozone brighten and the country’s safe-haven status dwindles. The interest rate for the 10-year Bund came in at 2.06 perAFP - 220 words
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349 2013-09-12 13 Eight-tranche bond will help fund buyout of Verizon Wireless Reuters [NEW YORK] Verizon Communications yesterday launched a US$49 billion eight-tranche bond that will partly finance its US$130 billion buyout of its wireless operations Verizon Wireless from Vodafone, setting a new record for the largestReuters - 349 words
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Article, Illustration1015 2013-09-12 14 Replacing Bank of America, HP and Alcoa, they’ll boost weight of banking IT firms in US index Bloomb erg [NEW YORK] Goldman Sachs Group Inc, Visa Inc and Nike Inc will be added to the Dow Jones Industrial Average (DJIA), replacing Bank of AmericaBloomberg; PHOTO: REUTERS - 1,015 words
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Article, Illustration427 2013-09-12 14 MPs sign off today on rules allowing the central bank to supervise banks Reuters [STRASBOURG] The European Parliament and the European Central Bank (ECB) have resolved a dispute over the new financial supervisor, paving the way for European Union (EU) lawmakers toReuters; PHOTO: REUTERS - 427 words
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347 2013-09-12 14 Tesco to sell loss-making US unit Fresh Easy Investment group Yucaipa to acquire more than 150 stores, the remaining 50 will close AFP [LONDON] Britain’s biggest retailer, supermarket group Tesco, said it had struck a deal to sell most of its loss-making US West Coast chain Fresh Easy to investmentAFP - 347 words
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Article, Illustration668 2013-09-12 15 Blueprint spurred by falling revenues in the sector in Europe Reuters [BRUSSELS] The European Union Commission has approved a plan to spur investment in communications networks and create a single market for telecoms services despite concerns that some parts may favour big operators,Reuters; PHOTO: REUTERS - 668 words
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726 2013-09-12 15 Study also shows top 1 took more than one-fifth of Americans’ income NYT [WASHINGTON] The top 10 per cent of earners took more than half of the country’s total income in 2012, the highest level recorded since theNYT - 726 words
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Article, Illustration655 2013-09-12 16 Operations at Seoulfunded complex to resume on a trial basis from Sept 16 AFP [SEOUL] North and South Korea agreed yesterday to reopen their Kaesong joint industrial park on a trial basis from next Monday, five months after it was shut duringAFP; PHOTO: AP - 655 words
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497 2013-09-12 16 Pound jumps on talk BOE will raise rates earlier than targeted Reuters [LONDON] Britain’s unemployment rate dropped in July to its lowest since late last year, adding to speculation that the Bank of England may raise interest rates earlier than it has predicted.Reuters - 497 words
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Advertisement119 2013-09-12 13 A BANK Imagine a bank where your interests really do come first. Imagine a bank without risky sovereign debt ortoxic assets on its balance sheet. Imagine a bank whose owners have steered a course through over 40 financial crises. Imagine a bank that's been looking forward for seven generations. Imagine119 words
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Advertisement566 2013-09-12 14 Doing Business, The New Normal ARE U IN? A market upheaval is in progress and it is already challenging the way we traditionally do business. This breed of entrepreneurs called ‘technopreneurs’ are fast changing the business landscape, from crowd-funding to how they ‘disrupt’ the market and expeditiously grow their companies.566 words
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Advertisement131 2013-09-12 15 A DE LTA A M 2 FLAT BEDS. EVERY DAY EVERY FLIGHT. Period. No exceptions. End of story: All BusinessElite' seats on flights betwee Singapore via Tokyo-Narita to the U.S. are now with 180-degree full flat-bed se We've designed the space with your comfort in mind to give you privacy131 words
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Advertisement171 2013-09-12 16 cPCf EXCLUSIVE a\r\es$ OPPORTUNITY TO SWIRL, SNIFF SAVOUR THE VERY BEST. The inaugural challenge to pick the top wines was a heady success. Out of 150 wines submitted, wine professionals shortlisted 50 in blind tastings. A panel of CEO judges then picked their top 10, and declared them The Business171 words
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Advertisement61 2013-09-12 17 See Lee Kuan Yew as few have ever seen him, in tender moments with his wife and children in this new pictorial book with 480 photographs, including over 100 published for the first time LEE KURN YEU R LIFE IN PICTURES q4| I Straits Times Press GET A COPY NOW61 words
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SHIPPING/AVIATION
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Article, Illustration853 2013-09-12 18 It still sees Russia, sub-Saharan Africa, S America, S-E Asia as best for growth Bloomberg [OSLO] As bond investors dump emerging market assets, the world’s biggest freight company is underscoring its commitment to the region. AP Moeller-Mae-rsk A/S says that it won’t cutBloomberg; PHOTO: REUTERS - 853 words
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471 2013-09-12 18 Maybank IB warns this may hinder revenue growth and consume capital [PETALING JAYA] AirAsiaX’s (AAX) aggressive fleet growth plan of seven aircraft each in 2013 and 2014 may pose some risks to the low-cost long-haul carrier, according to Maybank Investment Bank Bhd (Maybank471 words
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Article238 2013-09-12 18 SGX '000 Sep 11 S$ +/-Vol CH Offshore '000 Chuan Hup Hldg 0.27 unch 162 Cosco Corp 0.77 0.03 ***** Ezra Hldgs 1.10 0.21 ***** First Ship Lea 0.10 0.01 1352 Freight Links 0.12 0.01 ***** Grand Banks............unch unch 0 Jaya Hold Ltd Chuan Hup Hldg K1Ventures 0.21238 words
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326 2013-09-12 18 NISHA RAMCHANDANI - 23% traffic growth rise outpaced by increase of 30.3% in capacity By NISHA RAMCHANDANI nishar@sph.com.sg [SINGAPORE] Budget carrier Tigerair Singapore has reported a passenger load factor (PLF) of 78.5 per cent in August, down 4.7 percentage points from August last year, as326 words
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222 2013-09-12 18 7m use hub in Aug, thanks to larger planes, better loads Reuters [LONDON] London’s Heathrow airport yesterday said it carried 7.7 per cent more passengers last month than it did in August 2012, helped by larger and fuller aircraft using the hub. Just under sevenReuters - 222 words
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Article1349 2013-09-12 22 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE1,349 words
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Advertisement47 2013-09-12 18 ‘I look forward to S’pore food’ Hrithik Roshan on his visit here next week India International Insurance head on tabla! GET YOUR COPY TOMORROW GET YOUR COPY TOMORROW FROM ALL 7-ELEVEN OUTLETS FROM ALL 7-ELEVEN OUTLETS TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438) WHILE STOCKS LAST47 words
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Page 18 Miscellaneous
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Miscellaneous341 2013-09-12 18 CRYPTIC CROSSWORD Across 1 Worthy Lib Dem minister embraces right change (10) 9 Sacred symbol engraved in bank house (4) 10 Modest nun is a smug phony (10) 11 Like fish moving around, then quietly dormant (6) 12 Being most wet as nuisance clinging to mother (7) 15 Wee insect341 words
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Page 19 Advertisements
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Advertisement312 2013-09-12 19 THE STRAITS TIMES WHEREVER YOU ARE Wi mm r *4 i '4 “I I 4 r Ml STAY INFORMED ON WHAT MATTERS MOST GRAB THESE FABULOUS GIFTS when you Subscribe to The Straits Times. Select o Plan and pick your gift! 3-Year Rian 3-Year Plan is exclusive to new subscribers312 words
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EDITORIAL & OPINION
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476 2013-09-12 20 EDITORIAL APPLE’S latest product launch in Cupertino on Tuesday was a seismic event, but not for the reasons that have formerly been associated with the handset maker. During the launch, the company unveiled the upmarket iPhone 5s and its more affordable cousin, the476 words
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Article, Illustration857 2013-09-12 20 ANTHONY ROWLEY - THE BOTTOM LINE ANTHONY ROWLEY Tokyo Correspondent BELGIAN surgeon Jacques Rogge declared in Buenos Aires last weekend when on behalf of the International Olympic Committee he awarded Tokyo the right to host the 2020 Olympic games that as a857 words
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Article, Illustration1026 2013-09-12 20 PETER SANDS - They can again be the engine of growth if they make tangible progress in seven arenas By PETER SANDS The writer is group chief executive, Standard Chartered. This article was his contribution to the ‘The Singapore Summit Online Confluence’ ANKS in AsiaPHOTO: REUTERS - 1,026 words
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Article, Illustration1061 2013-09-12 21 ALAN LAU, CHUA KONG PING - Institutions, individuals and corporations need to tread with care in the area between tax avoidance and tax evasion By ALAN LAU CHUA KONG PING The writers are respectively, partner and head of financial services tax, and senior manager, tax, at KPMG in Singapore.PHOTO: REUTERS - 1,061 words
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Article, Illustration1086 2013-09-12 21 LEON HADAR - LEON HADAR Washington Correspondent IF the current Syria crisis is revolved in a peaceful way through diplomacy, without requiring the use of US military power, some future historians might conclude that President Barack Obama was a strategic genius who, by applying justPHOTO: AFP - 1,086 words
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Page 22 Advertisements
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Advertisement50 2013-09-12 22 PLACE YOUR AD HERE The Business Times Shipping times CALL JOE WONG AT 9620 1327 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? II50 words
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SINGAPORE STOCKS
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Article3267 2013-09-12 23 Transaction date: Sep 11 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Day Last Quote Div Gr Yld 15 11.9 8Telecom M Cap High Low Company 75 57 ASL Marine3,267 words
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Article259 2013-09-12 24 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol 2.4 1.3 t Advanced System 1.5 unch 200 1.5 1.5 1.5 1.6 23.8 Last Quote Div Gr Yld Net M Cap High259 words
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Article11436 2013-09-12 24 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha FuncTCI A!** Aberdeen Asset Mgt Asia Limited APS Alpha Fund (USD)!** Asian Local Ccy SD Bond Aberdeen Asset Mgt Asia Limited EM Local Ccy Bond China Opportunities 7 9012/ FM local Cry Bond .0 9058/ Furopean Opportunities 111,436 words
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Article274 2013-09-12 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 59 27 AVJennings A58 +3 26 59 56 58 59 3.6 6 4.7 214.7 52 31 Genting HK US$ US39.5 unch 5916 40.5 39.5 39.5 40.5 2600.9274 words
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Article895 2013-09-12 24 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 126 107.1 ABF SG Bond ETF 111 1 111 111 112 115 506.7 143 124.3 CIMB APAC Div 100S$D 132.7cd 134.6 135.3 114.4 99.2 CIMB APAC895 words
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FINANCE & COMMODITIES
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Article612 2013-09-12 25 Sep 11 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.74 *****.46 *****.72 Sep13 *****.00 *****.00 *****.00 *****.00 *****5 *****0 Dec13 *****.00 *****.00 *****.00 *****.00 ***** *****2 MSCI TAIWAN INDEX FUTURES SPOT 289.74 291.19 288.22 Sep13 290.90 293.60 288.90 291.30 ***** *****0 Oct13 290.00612 words
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373 2013-09-12 25 In local curr In S$ In US$ dy yr dy yr dy yr Sep 10 Index Change Change Change Change Change Change World Preliminary 1094.5 0.7 16.7 0.5 18.4 0.7 14.0 EAFE Preliminary 901.9 1.2 16.4 1.0 15.1 1.2 10.9 Europe Preliminary 1285.3 1.3 12.0373 words
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Article471 2013-09-12 25 Sep 11 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.961 5.681 0.700 7.200 58.874 106.604 0.931 10.087 3.040 1.154 97.264 40.669 1.179 9.257 0.868 27.657 29.816 0.590 0.928 Canada 1.041 5.912471 words
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Article51 2013-09-12 25 Sep 11 (US$) (S$) 1 mth 0.***** 0.***** 2 mths 0.***** 0.***** 3 mths 0.***** 0.***** 6 mths 0.***** 0.***** 9 mths 0.***** 0.***** 12 mths 0.***** 0.***** SWAP Offer rates (S$) 1 mth 1 mth 2 mths 2 mths 0.***** 9 mths 6 mths 12 mths Source: Thomson51 words
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Article92 2013-09-12 25 Sep 11 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.24 6-Month BS*****E 07-Mar-14 0.28 1-Year BY*****H 02-May-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 100 100.06 100.06 5-Year N*****0T 0.592 words
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Article136 2013-09-12 25 Sep 11 GOLD(US$/oz) Sep 10 Sep 11 Hong Kong 1384.00 1374.00 Sep 09 Sep 10 London 1388.00 1362.01 1388.75 1363.03 Source: Thomson Reuters CAST BAR Sep 11 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 125 56 5gm 356 278 10gm 635 556136 words
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Article53 2013-09-12 25 Sep 11 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 13 2351.0 866 Oct 13 2360.0 2341.0 2366.0 2336.0 1310 ***** Nov 13 2353.0 2333.0 2367.0 2330.0 ***** ***** Dec 13 2351.0 2330.0 2365.0 2326.0 7562 *****53 words
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Article155 2013-09-12 25 Sep 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1781 1.1795 0.9282 0.9286 Canadian dollar 1.2258 1.2275 0.9664 0.9658 Euro 1.6822 1.6838 1.3254 1.3256 NZ dollar 1.0206 1.0220 0.8041 0.8046 Sterling pound 1.9959 1.9980 1.5726 1.5730155 words
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Article109 2013-09-12 25 Sep 10 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 13 1403.75 1404.25 1405.00 1386.25 Nov 13 1355.00 1356.50 1363.25 1340.25 Jan 14 1355.25 1355.75 1362.25 1340.00 Mar 14 1338.25 1338.25 1343.25 1324.00 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 13109 words
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Article95 2013-09-12 25 Sep 10 COCOA (£/tonne) Close Prev High Low Sep 13 1703 1700 1706 1686 Dec 13 1688 1685 1691 1673 Mar 14 1669 1665 1673 1655 May 14 1665 1662 1670 1651 COFFEE(US$/tonne) Close Prev High Low Sep 13 1720 1728 1739 1720 Nov 13 1747 1758 1766 174395 words
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1161 2013-09-12 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 34 5 786 0.0 5 -89 58 Asia-Pacific Strategic W*****6 ...............0.6 -0.1 70 1 123 169 76.67 8 Exer Albedo Limited W*****9 Prem Disc Ascendas REIT.ES.1309 Expiry Ascendas1,161 words
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Article70 2013-09-12 25 CRUDE OIL PRODUCTS Sep 10 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 110.10 -3.36 WTI (Near Mth) 107.27 -1.56 Dubai (1-Mth F) 107.28 -1.50 Tapis blend 120.58 -3.04 Minas 112.38 -2.64 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 104.22 -1.61 Jet Kerosene 125.40 -1.78 US$/barrel OpecOil Basket70 words
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Article22 2013-09-12 25 Sep 11 S$ Bid Offer 1-month 1.2692 1.2702 2-months 1.2691 1.2701 3-months 1.2690 1.2701 6-months 1.2687 1.2697 Source: OCBC22 words
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Article65 2013-09-12 25 Sep-10 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1749.00 1758.00 3 months 1797.00 1806.00 Copper, Grade A(US$/tonne) Cash 7136.25 7164.00 3 months 7170.00 7196.00 Lead(US$/tonne) Cash 2115.00 2132.75 3 months 2135.00 2149.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months *****.0065 words
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Article121 2013-09-12 25 As at 9am Sep 11 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.205 1.148 Can dollar 1.246 1.199 Euro 1.720 1.639 Sterling pound 2.031 1.953 NZ dollar 1.045 1.005 US dollar 1.292 1.231 Local dollars to 100 units of foreign121 words
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Article154 2013-09-12 25 Sep 11 $S Offer Bid 0vernight 0.02 0.01 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 0.02 US$ Offer Bid 7 days 0.22 0.12 1 month 0.28 0.18 2 months 0.40 0.20 3 months 0.45 0.25 6 months 0.50 0.30 9 months 0.60 0.40 12154 words
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PROPERTY
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524 2013-09-12 26 Dalian Wanda boss richest with fortune doubling to US$22b Reuters [SHANGHAI] China’s property industry reclaimed its spot as the number one source of income in the past year for the mainland’s wealthy, according to the China Rich List published annually byReuters - 524 words
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Article517 2013-09-12 26 PROPERTY TRANSACTIONS FOR DISTRICTS 3 TO 23 WITH CONTRACT DATES BETWEEN AUG 14 AND AUG 20, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 3 NON-LANDED Meraprime Apt 17/08/2013 99 1173 1760 1500 District 4 NON-LANDED Reflections At Keppel517 words
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Article, Illustration1383 2013-09-12 26 Banks chase buyers as rise in borrowing costs slow refinancing by 60% Bloomberg [NEW YORK] JPMorgan Chase Co, the largest bank in the US by assets, is easing mortgage lending standards in housing markets hard hit by the crash where prices are surging.Bloomberg; PHOTO: AFP - 1,383 words
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636 2013-09-12 27 Swedish households take 140 years on average to repay home loans: report Bloomberg [STOCKHOLM] Sweden is looking into the option of forcing households to start amortising their mortgages in an effort to prevent debt loads rising from a record. “We want to makeBloomberg - 636 words
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Article, Illustration321 2013-09-12 28 Aug UK house-price gauge rises to highest in 7 years as economy recovers Bloomberg [LONDON] Barclays plc chief executive officer Antony Jenkins said that Britain runs the risk of a property boom as the economy starts to recover. “We are seeingBloomberg; PHOTO: REUTERS - 321 words
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301 2013-09-12 28 It will develop four towers that’ll have flats, offices, club Bloomberg [LONDON] British Land Co won local government approval to build luxury apartments near The Ritz hotel in London’s Mayfair district as foreign demand boosts residential prices in the city centre. BritishBloomberg - 301 words
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Article, Illustration495 2013-09-12 30 FELDA CHAY - Owners now seeking ‘in excess of $96m’, down from $105m$110m in April By FELDA CHAY feldac@sph.com.sg VERSAILLES, a 55-unit freehold condominium along Guillemard Road, has been relaunched for a collective sale by tender with a lower price tag than before. The495 words
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Article, Illustration476 2013-09-12 30 Wang Jianlin hires two investment banks in his hunt Bloom berg [SHANGHAI] Wang Jianlin, China’s richest man and owner of the country’s biggest commercial land developer, said that he has hired two investment banks to buy hotel management companies, mostly in the US.Bloomberg - 476 words
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Page 26 Advertisements
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Advertisement98 2013-09-12 26 AUCTION SALE Prestigious Good Class Bungalow White House Park District 10. FREEHOLD original 2.5 storey Good Class Bungalow with large open field Land area 17,151 sq ft approximately In a quiet cul-de-sac, off Stevens Road Mins drive to PIE, Bt Timah Road Orchard Road Potential for Redevelopment Auction Date Time98 words
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Page 27 Advertisements
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Advertisement264 2013-09-12 27 Good Class Bungalow for Sale by Tender East Sussex Lane Land Area approx 15,100 sq ft Built Up approx 11,500 sq ft 21/2storey, 6 ensuite rooms 27 meters lap pool 3 covered car porches Excellent design, Quality furnishings Tender Closing 16 September 2013, 3pm For enquiries, please contact: Agency Licence264 words
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Advertisement418 2013-09-12 27 VI LLAG E At Pasir Panjang FREEHOLD E L I 6 MINS WALK TO THE UPCOMING SOUTHERN WATERFRONT CITY, THE NEW COMMERCIAL HUB 2.5 TIMES THE SIZE OF MARINA BAY 148 RARE RESIDENCES Rare, this idea of keeping Life simple. Beyond the complexities of city Life, just 15 minutes from418 words
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Advertisement302 2013-09-12 27 THE MULTI-AWARD WINNING RESORT INTRODUCES NEW STUDIO RESIDENCES. YOURS TO OWN FROM ONLY S$388,000 85 Studio Residences with lustily landscaped garden views and stunning sea views for selected units sizes from 1100 sq ft guaranteed 5% yield p.a.for the first three years* all fully furnished remarkable resort facilities attractive financing302 words
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Page 28 Advertisements
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Advertisement229 2013-09-12 28 TOKYO FREEHOLD PROPERTY from 338,000 SGD! up to 35 years rental guarantee! RARE OPPORTUNITY!! DIRECTLY from Developer in JAPAN! Date 14th and 15th September 2013 Time 3pm 8pm (Presentation will be conducted at 4pm 7pm) Venue PARKROYAL on Kitchener, Sapphire 3 (Level 3) (Next to Farrer Park MRT) Organizer Dualtap229 words
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Advertisement293 2013-09-12 28 PRIME CITY FRINGE STANDALONE RESIDENTIAL BLOCK yjilJ V, m I. J i il l Ji NJJlW ““iif Sale by Expression of Interest Site area approximately 911 sqm 9,806 sqft GFA approximately 2,797 sqm 30,108 sqft 99 year lease w.e.f. 22 Mar 2012 50 units comprising mainly of studio, 1 2293 words
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Advertisement244 2013-09-12 28 V- kit ■i International Property Group Pte Ltd 8 Marina View, #07-04, Asia Square Tower 1. S.*****0 A Singapore Based Boutique Real Estate Broker Focusing On Commercial Real Estate In Central Region Of Singapore Regional Cities We deal with Sales Leasing of the following types of assets 3 4 Star244 words
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Page 29 Advertisements
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Advertisement367 2013-09-12 29 ACROSS THE SEA BEYOND THE SKY BRUNSFIELD ISKANDAR WATERFRONT www.biw.com.my DANGA BAY ISKANDAR MALAYSIA When you have your own Island, the rest of the world may seem oceans away, Especially if your residence of choice is Brunsfield Iskandar Waterfront. When every lifestyle need and desire can be fulfilled at your367 words
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Page 30 Advertisements
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Advertisement172 2013-09-12 30 Deutsche Bank db.com By invitation Women in Asian Business Conference The Power of Authenticity September 17, 2013, Marina Bay Sands Psvftrfvn, Featured speakers In conversation with Joanna Barsh McKinsey Company Director Emeritus and President, The Centered Leadership Project Datuk Yvonne Chia Former Group Managing Director and Chief Executive, Hong Leong172 words
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Property 2013
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Article, Illustration361 2013-09-12 1 ONG CHOR HAO - The local property market seems to have weathered supposed storms as interest in this asset class remains firmly in the psyche of Singaporeans, with some investing in real estate abroad By ONG CHOR HAO ongch@sph.com.sg DEVELOPERS and Singaporeans were greeted early in the year 2013 with another sweepingBLOOMBERG - 361 words
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Article, Illustration2172 2013-09-12 2 ONG CHOR HAO - Longer-term outlook for the market appears healthy. ByONG ONG CHOR HAO ongch@sph.com.sg DAYS of heady growth in the private residential market may now be a thing of the past, but longer-term growth prospects appear to remain healthy and are in fact moving on aPHOTO: BLOOMBERG - 2,172 words
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Article, Illustration1327 2013-09-12 4 TAI\I TEE KHOOI\I; fl; and JOANNA CHEN - There is an emerging value proposition for city fringe condominiums. BY TAI\I TEE KHOOI\I, fl and JOANNA CHEN The authors are from Knight Frank Singapore. Tan Tee Khoon is executive director for residential services, Alice Tan is head of research and Joanna Chen isFILE PHOTOS - 1,327 words
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Article, Illustration1366 2013-09-12 6 EIEEEJJEIE - Like scarce art works, they do not yield significant recurrent cash flow but offers capital appreciation. BY EIEEEJJEIE Alan Cheong is senior director, and head of research and consultancy at Savills Singapore. INVESTING in real estate has never been an easy decision. This hasSource: Savills, URA; FILE PHOTO - 1,366 words
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Article, Illustration1184 2013-09-12 8 EEEIZSIIIEIEEI; and LI JI|\IQUAl\I - Capital appreciation is the name of the game for buyers of these prized assets. By lee lay keng and li jinquan BY EEEIZSIIIEIEEI and LI JI|\IQUAl\I The authors are from DTZ. Lee Lay Keng is the head of Singapore research and Li Jinquan is seniorSource: DTZ Research; Source: URA REALIS, August 19, 2013, DTZ Research; ST FILE PHOTO - 1,184 words
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Article, Illustration1004 2013-09-12 8 ONG TECK HUI, TAY LIAM HIAP, CARIN PUAH - GCBs, a rare breed of landed property, are still the coveted icons of success for many By ONG TECK HUI, TAY LIAM HIAP, CARIN PUAH The authors are from Jones Lang LaSalle Property Consultants. Ong Teck Hui is national director for researchSource: URA, Realis, SISV, Jones Lang LaSalle Research - 1,004 words
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Article, Illustration1142 2013-09-12 10 NICHOLAS MAK, ELISE LEONG - EC land prices have increased significantly in recent years. BY N ICHOLAS MAK ELISE LEONG The authors are from SLP International’s research and consultancy department. EXECUTIVE condominiums (ECs) are a type of hybrid pri-vate-public non-landed housing meant to satisfy the housing demand of the ‘sandwichedSource: URA, SLP Research - 1,142 words
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Article, Illustration1082 2013-09-12 12 IIZIJIEIIEEEI - CityLife@Tampines was held up to scrutiny for its high price and huge size. ByMINDY TAN BY IIZIJIEIIEEEI tanmindy@sph.com.sg IT was the straw that broke the camel’s back. At more than 4,000 sq ft, the presidential penthouse suite at CityLife@Tampines was first held up toFILE PHOTO; PHOTO: CDL - 1,082 words
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Article, Illustration1613 2013-09-12 14 ORAY ARMSTRONG; and DESMO|\ID SIM - The traditional core CBD around Raffles Place will stay a focal point for business activity. By By ORAY ARMSTRONG and DESMO|\ID SIM Moray Armstrong is executive director for office services at CBRE. Desmond Sim is associate director at CBRE Research. WITH Marina BayFILE PHOTO - 1,613 words
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1690 2013-09-12 14 MOHD ISMAIL - By MOHD ISMAIL Mohd Ismail is the CEO ofPropNex Realty. THE issue of rising property prices in Singapore has been a contentious one over the past few years. There has been a seemingly never ending upward movement of residential property1,690 words
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Article1230 2013-09-12 18 CVTHI\IIA PHUA; fl; and DEBBIE LAM - The development of well-established retail spaces has helped to change the profile and positioning of the area, say CYTHNIA PHUA, ALICE TAN and DEBBIE LAM CVTHI\IIA PHUA, fl and DEBBIE LAM The authors are from Knight Frank Singapore. Cythnia Phua is executive director of retail services,1,230 words
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Article, Illustration1666 2013-09-12 18 EUGENE LIM; and URAINA POH - B)’ EUGENE LIM and URAINA POH The authors are from ERA Realty. Eugene Lim is key executive officer and Uraina Poh is research analyst. HOUSING and Development Board (HDB) resale prices grew at a slower pace in the second quarter ofSource: HDB, ERA Research; Source: ERA Research - 1,666 words
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Article, Illustration1138 2013-09-12 20 CHIA BOON KUAH - Urban planners and real-estate developers are taking innovative, collaborative and impactful approaches. BY CHIA BOON KUAH The author is the president of the Real Estate Developers’ Association of Singapore (Redas) ACHIEVING a balance of economic progress, equity and quality of life are challenges for any truly globalFILE PHOTO - 1,138 words
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Article, Illustration1118 2013-09-12 20 PRIYARANJAN KUMAR - By PRIYARANJAN KUMAR The author is regional director of capital markets group at Cushman and Wakefield Asia-Pacific THE concept of strata title properties is widely believed to be popularised following innovation from such legal structures created in Australia in the earlyFILE PHOTO - 1,118 words
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Article, Illustration1179 2013-09-12 22 TOBY DODD - As downtown Singapore grows in maturity, existing micro markets will evolve to meet particular tenant needs, says toby dodd TOBY DODD The author is managing director of Cushman and Wakefield Singapore THE Singapore office market has seen positive rental gains in the first half of 2013,FILE PHOTOS; Source: Cushman And Wakefield Singapore - 1,179 words
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Article, Illustration878 2013-09-12 24 / 25 Projects currently on the market DISTRICT PROJECT TENURE LOCATION DEVELOPER TOTAL 01 V on Shenton 99 Shenton Way United Industrial Corporation 510 02 SkySuites@Anson 99 Enggor Street Allgreen Properties 360 04 Corals at Keppel Bay 99 Keppel Bay Drive Keppel Land 366 D 04 Skyline Residences FH Telok878 words
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Article, Illustration1643 2013-09-12 26 TAI\I BOON LEOI\IG; and DOREE|\I con - The greater predictability in rents and prices can only be good for the Singapore market, say tan boon leong and doreen goh TAI\I BOON LEOI\IG and DOREE|\I con The writers are from Colliers International. Tan Boon Leong is executive director for industrial services, projects and sales,Source: Colliers International Singapore Research/ URA; FILE PHOTO - 1,643 words
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Article, Illustration1097 2013-09-12 26 KARAMJIT SINGH - By KARAMJIT SINGH The writer is the regional director and head of investments and residential at Jones Lang LaSalle Property Consultants IN the first seven months of 2013, eight residential en bloc sites worth $613.4 million were purchased by developers keen onSource: URA, Realis, SISV, Jones Lang LaSalle Research - 1,097 words
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Article, Illustration1307 2013-09-12 32 CHRISTINE LI; EE; and CHRIS YAP - Multiple key catalytic projects such as the Legoland Malaysia Theme Park, Hello Kitty Town, and the Johor Premium Outlets have been completed. ByCHRISTINE LI, WONG XIAN YANGandCHRIS YAP ByCHRISTINE CHRISTINE LI, EE and CHRIS YAP The authors are from property firm OrangeTee. Christine Li isFILE PHOTOS; Source: IRDA, media reports, OrangeTee Research - 1,307 words
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Article, Illustration985 2013-09-12 34 IEZZIUIJIIHIE - Property consultants say that steps must be taken to prevent asset bubble, reports IEZZIUIJIIHIE [KUALA LUMPUR] Malaysia is expected to introduce stricter guidelines in the October Budget to curb property speculation and spiralling prices. So those holding too many properties should be sweating a bit,FILE PHOTO - 985 words
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Article, Illustration672 2013-09-12 34 Established in Singapore since 1961, RHB Bank understands the aspirations and needs of SMEs; and strategically engages them with customised approaches to capitalise on windows of opportunity. With the burgeoning interest in Iskandar Malaysia, RHB Bank is set to partner672 words
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Article, Illustration1414 2013-09-12 36 ALIWASSA PATHNADABUTR - Buying luxury projects in Thailand's best locations ensure capital appreciation in the long term, says ALIWASSA PATHNADABUTR The writer is managing director of CBRE Thailand IN light of the creation of the Asean Economic Community (AEC), Thailand’s economy has been one of the most highlighted inPHOTOS: CBRE - 1,414 words
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Article, Illustration1279 2013-09-12 38 E - The drivers for rising investment volumes are strong hotel fundamentals, supply dynamics and a favourable investment climate. By chee hok yean BY E Chee Hok Yean is executive director at Chestern Singapore THE hotel investment market in Singapore has seen a changing landscape withFILE PHOTO - 1,279 words
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Article, Illustration1386 2013-09-12 42 NEIL BEHRMAI\II\I - Growing numbers of “buy to let” landlords are entering the market on the grounds that more people need to rent because they cannot afford to buy, reports neil behrmann reportsNEIL NEIL BEHRMAI\II\I [LONDON] A surge in prime residential London property prices in the past twoPHOTO: BLOOMBERG; Source: Land Registry for England and Wales; Source: John D Wood - 1,386 words
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S-REIT 2013
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Article, Illustration1139 2013-09-12 44 E]!EfiE - They have established a strong international investor base including property specialists, global and regional funds, and local retail investors. By michael smith BY E]!EfiE Michael Smith is the head of Asia ex-Japan real estate investment banking at Goldman Sachs SINGAPORE has become oneSource: Capital IQ - 1,139 words
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Article, Illustration1892 2013-09-12 45 OVERVIEW Starhill Global REIT is one of the largest listed S-REITs with an asset value of S$2.8 billion and a market capitalisation of over S$1.6 billion. Our portfolio comprises mainly retail assets strategically located in prime shopping districts including Orchard Road in Singapore, Bukit Bintang in Kuala1,892 words
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Article, Illustration1128 2013-09-12 46 OVERVIEW From the outset Mapletree Investments Pte Ltd (Mapletree) has demonstrated the commitment to driving value for shareholders and stakeholders alike. The company is a leading Asia-focused real estate developer, investor and capital manager. Headquartered in Singapore, the company’s depth of experience and applied expertise in real estate1,128 words
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Article, Illustration1051 2013-09-12 47 The largest commercial REIT by market capitalisation, CCT’s portfolio comprises 10 premium office and commercial buildings in Singapore OVERVIEW The first commercial real estate investment trust (REIT) to list in May 2004, CapitaCommercial Trust (CCT) is the largest commercial REIT by market capitalisation, at approximately S$4 billion. Focusing1,051 words
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Article, Illustration1436 2013-09-12 48 SARAH OI\IG; and KEVI|\I TAl\I - They also offer diversification between different sub-sectors or between geographies. BY SARAH OI\IG and KEVI|\I TAl\I The authors, Kevin Tan and Sarah Ong, are investment analysts at OCBC Investment Research. SINGAPORE has one of the largest listed real estate investment trust (Reit) markets in1,436 words
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Page 1 Advertisements
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Advertisement387 2013-09-12 1 Announcing OrangeTee CONNECTIVITY KNOWLEDGE MOBILITY Since our establishment, Innovation has always been the core value of OrangeTee. We pioneered the use of technology and knowledge in the real estate industry in Singapore. We go the extra mile to provide you with simple yet profound solutions, to fast track your success,387 words
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Advertisement518 2013-09-12 3 Star Architects. Iconic Landmarks. Signature Developments. d'Leedon, Sky Habitat and The Interlace are icons of urban living, and visions articulated by Zaha Hadid, Moshe Safdie and Office for Metropolitan Architecture (OMA). They each tell a narrative of the Singapore landscape and create a connection for the people who will inhabit518 words
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Advertisement202 2013-09-12 5 ONE NAME HAS BEEN CHANGING THE SKYLINE IN SINGAPORE AND AROUND THE WORLD You see a beautiful skyline. We see the foundations of a trusted company. One that has built up its reputation over the past 30 years, to become a full-fledged real estate company with international scale and capabilities.202 words
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Advertisement380 2013-09-12 7 LIVE WITH STYLE IN DISTRICT 10. RV Residences is your space for living. Your place for luxury. It defines who you are and where you are going. Live life to the fullest. But above all, live with style! Outstanding location Prime District 10 Close proximity to Orchard Road, Great World380 words
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Advertisement277 2013-09-12 9 IT'S NOT JUST HOW YOU LIVE, BUT WHERE YOU LIVE THAT BRINGS YOU EVERYDAY JOY. 11 ~m m r V JK Mw i, 51 SSI* JSBBBBBS mi Nestled amongst the bounties of nature lies an exquisite gem that is Mon Jervois, the ideal address for those who dream of creating277 words
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Advertisement347 2013-09-12 10 20 years with Philippe Starck A designer's job is to create more joy with less by Philippe Starck y 1994 Good Water Consumption 4.30 litres/min Type of Product; Basin Taps and Mixers Brand Axor Model: Starck Classic Single Lever Basin Mixer ***** Reg. No.: BST-2010/*****8 1998 Good Water Consumption 4.70347 words
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Advertisement103 2013-09-12 11 T H O M O N THREE m Jgkr r'>" m V 9 m mM ■*3&> *5 S~ m s i &ia& r 'j 1 L ..-.V JU';? Jjfev »r. ip: iH 9. X I \a m B mv5 s •A W ft 11 *h5m-: n mm r w m103 words
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Advertisement7 2013-09-12 13 Business Times, Thursday, September 12, 2013 137 words
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Advertisement937 2013-09-12 15 Advertorial Yishuri VX ea; L .u 5- *a; Be part of the HOT SPOT transformation Tranc i uil nl Checking out the page views on the STProperty website All eyes are on Yishun, as this town promises to be a sanctuary for living, working, and playing. S;? week,w Featured in937 words
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Advertisement10 2013-09-12 17 Artist’s Impression Artist’s Impression Artist’s Impression Artist’s Impression Artist’s Impression10 words
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Advertisement24 2013-09-12 19 STARBUYS From $1,100psf 6852 1338 SHOPS EATERIES ACROSS THE ROAD POTONG PASIR MRT STATION AT YOUR DOORSTEP or email to santritz@santarli.com www.santritz.com.sg Artist’s Impression24 words
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Advertisement370 2013-09-12 21 i w *5 a m m. J I T ■A C,w w w i t m I <w* K^SBa k ■v. s f5 4. r -r^> w S3 L A SB V m m m i I ,t mk k jK bS/: 1 M mm: Hr Celebrate Mid-Autumn Festival With370 words
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Advertisement114 2013-09-12 22 AZULEJ t ies by patricia urquiola TW m.. oA*. X 'i o J '<w*' '<*y^ .^d X k- < Vi k X o x:; X X 4- X r r X o x:::: X ft MO X‘ X 'W‘ o^fcr. %Mt' '<i^i>' .Jr< X 'W'"V 11 o^ oJ %llr %yjk'114 words
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Advertisement278 2013-09-12 23 .o' Sengkang MRT Station Next Train z You won’t miss the train if you live at La Fiesta. New Release of Choice Units ABSD Discount Available For Illustration Only Changi Airport 19-minute drive Upcoming Mall at Fernvale 5-minute drive Sengkang Sports Recreation Centre 12-minute ride Seletar Aerospace Park 8-minute drive278 words
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Advertisement227 2013-09-12 24 / 25 KNIGHT FRANK KNOWS TECHNOLOGY As the world shrinks, the market for your property grows. That's why we're always finding new ways of harnessing digital opportunities to reach more people and give your property maximum exposure. Discover how Knight Frank can help you sell or lease your property. on 1 K227 words
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Advertisement7 2013-09-12 27 Business Times, Thursday, September 12, 2013 277 words
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Advertisement332 2013-09-12 28 / 29 ECO-CHIC 15 MinutesfromSingapore* Freehold in Iskandar Malaysia (IM) Leisure Farm an, fill I i' uar- v *1 f, t 3 ja*» Jim SfVi, LAU* K A u arici iL% V* |A Condt frjyni y«jncp. Phase 7B Open for Registration 7A Sold Out fy\ **V- HI I 4 3r 1 Z332 words
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Advertisement654 2013-09-12 30 / 31 ISKAND MALAYSIA ISKANDAR MALAYSIA 0 Q n 4 D Q o o o D a KBGDPA© OGjB^CG Freehold *5* KbBiiiai0M Freehold 3 t L mrn m H Si ii ii liiiij Ji ii LJ Si ii raui! ■i ii h ii 4 4 ii mi I ■f s I i654 words
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Advertisement516 2013-09-12 33 MOVE INTO E GLOBAL GATEWAY JKT TV ':Vc m mm ■HKic' .-aa r* Va 3 Ti m A A A A ffB list. At.JUti'-' 7A A rni^m, s» JM •w-w So***" zr. «P de 2£ C* ns fH m. t* 'jrfll^/. m f* rfR m ,’t' «g. rrn DM *9516 words
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Advertisement524 2013-09-12 35 SUNWAY 28 Exclusive Bungalows with lush garden setting 20 minutes from CIQ HEIGHTS Exclusive Garden Home Living at Johor Bahru m 60°/o Lush Greenery ft Open Spaces n« Thematic Parks with 2.6 km cycling tracks SltSHiimYu i 38,000 sq. ft. Private Club House Facilities $11$ fc—■ v-,-, Exclusive Semi-D ft524 words
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Advertisement515 2013-09-12 37 horizon hills one with nature mo meals lo nurture enjoy all the best adventures in life *11 o mi 36 ’V IL;' 1 liSfi X ry j. Stt ,r v u vr 5»r:.- NS -TV i :!Qff no v H I* r mi 3 5/ V T 1 Cl f515 words
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Advertisement859 2013-09-12 38 ADVERTORIAL r in n» ii S B SI ■I r ■a II E <■ ss ai an II IB I 3ra IB la ■SB ■l I IB B ai :a 3* B IP BB Ii a a IB 0R "B an a -ill* BB inn SI iinnunn FirmivriF nm iinnwm859 words
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Advertisement980 2013-09-12 39 V e .‘VI S m Cx. r-.5 v' -r >v1S&t V'V> .rJV kiP** 5 ';s MH -*Tv*■>•* V -«£r. WMl-2' 1'tfmdm T-vV' J* ar < ’A 4 ■?> IE* 4+£ 'y. jf r -.-I# A? Xv-i' v -V-tfY s£s. -v3Lr*r£.- i 4 Wt?s A ft/ £fr iviaii jmy, vvc uunu980 words
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Advertisement512 2013-09-12 40 TROPICANA DANGA BAY ISKANDAR MALAYSIA, JOHOR Upcoming High End Serviced Residences The upcoming serviced residence is the latest development of the 37 acres master planned waterfront development of Tropicana Danga Bay, located within the prime zone of Iskandar Malaysia. It has six beautifully designed residential towers sitting atop a world-class512 words
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Advertisement496 2013-09-12 41 ADVERTORIAL PAUQUE MELBOURNE S P Setia launches new FREEHOLD luxury residential development in Melbourne 555 ST KILDA ROAD MELBOURNE THIS IS THE BEST RESIDENTIAL ADDRESS IN MELBOURNE” karl fender FENDER KATSALIDIS ARCHITECTS The Architect of EUREKA TOWER II i» mi I in !i! r a* f ST KILDA RBAD ASPECT496 words
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Advertisement347 2013-09-12 42 rR SC ft K r CANALSIDE LIVING LONDON N1 33 exclusively interior designed one, two and three bedroom luxuriously appointed apartments > Each apartment benefits from spacious balcony or terrace up to 1,242 sq ft > Zone 1- short walk to Old Street Station (Northern Line) known as Tech City347 words
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Advertisement1022 2013-09-12 43 Advertising Feature THE CORNICHE ALBERT EMBANKMENT LONDON LIFE AHEAD OF THE CURVE M r i i m T >■ Designed by Foster Partners, The Corniche offers panoramic views over the most important stretch of the River Thames and comes complete with a wealth of luxury amenities. World economies may rise1,022 words
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