The Business Times, 12 January 2015
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2015-01-12
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The Business Times
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Title Section30 2015-01-12 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G C ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 I Wednesday, October 8, 2014 Monday, January 12 530 words
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DAILY DIGEST
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Article42 2015-01-12 1 signals a much wider and deeper malaise in the global economy that could see deflation spreading and bring destabilising swings in exchange rates and capital flows, says a report by the Institute of International Finance.TOP STORIES 242 words
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Article63 2015-01-12 1 have found the crucial black box flight recorder of the AirAsia plane that crashed a fortnight ago. But they failed to retrieve it immediately because it is stuck under debris from the main body of the plane, Indonesia’s transport ministry said. Divers will try on Monday to shift63 words
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Article, Illustration30 2015-01-12 1 has emerged as a leading player in the South-east Asian e-commerce market, having amassed US$238 million in investment funds since its founding in 2012. TOP STORIES/430 words
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26 2015-01-12 1 expected to take off in three years’ time, will enhance the Republic’s status as a regional arbitration hub. TOP STORIES 626 words
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Article46 2015-01-12 1 abound for Singapore companies in the Indian state of Gujarat, a visiting delegation from IE Singapore finds. The state’s strong connectivity and power infrastructure, coupled with its “strategic location” on the west coast of India, are some reasons to deepen business linkages.TOP STORIES 646 words
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Article48 2015-01-12 1 Cushman Wakefield the property consulting group, is on an expansion trail. By the time it celebrates the 20th anniversary of its Singapore business in 2017, it expects its headcount to exceed 200 from about 150 currently. In 2011, it had a staff strength of 65. COMPANIES MARKETS 748 words
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Article25 2015-01-12 1 Weekly Change STI 3,338.44 (-32.15) KL Comp 1,732.44 (-20.33) Nikkei 225 17,197.73 (-253.04) Hang Seng 23,919.95 (+62.13) Shenzhen B 1,068.89 (+40.08) Dow 17,737.37 (-95.62)25 words
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1161 2015-01-12 1 Chan Yi Wen - Operations stall five months after firing up US$2.4b facility amid weak market By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore THE ambition of Jurong Aromatics Corporation (JAC) to be the “most admired aromatics company in the AsiaPacific” looks, for the near term at least, a distant1,161 words
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Article, Illustration220 2015-01-12 1 AFP Paris IN a show of overwhelming solidarity and support, world leaders from Europe and beyond joined hundreds of thousands of marchers in Paris to pay tribute to victims of last week’s terror attacks in France that killed 17 people. PresidentAFP; PHOTO: REUTERS - 220 words
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Advertisement100 2015-01-12 1 8"*****1 *****4 LOOKING AHEAD How will Singapore’s economy fare in 2015? VIEWS FROM THE TOP/14-15 JAPANESE ATTRACTIONS Good intentions at Sushi Jin; good value at Koji Sushi Bar dining out 27 HIGHS AND LOWS Property transactions in 2014: the most and least expensive REAL ESTATE 13 DRAMA OR DRACHMA? Rough100 words
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TOP STORIES
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973 2015-01-12 2 Anthony Rowley - Institute of International Finance also warns of spread of deflation and destabilising swings in exchange rates and capital flows from plunging crude prices By Anthony Rowley btworld@sph.com.sg Tokyo THE collapse in oil prices signals a much wider and deeper malaise in the global973 words
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Article, Illustration596 2015-01-12 2 AIRASIA CRASH AFP Pangkalan Bun, Indonesia INDONESIAN divers on Sunday found the crucial black box flight recorders of the AirAsia plane that crashed in the Java Sea a fortnight ago with 162 people aboard, the transport ministry said. But theyAFP; PHOTO: REUTERS - 596 words
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673 2015-01-12 2 Rob Curran - WALL STREET INSIGHT By Rob Curran btworld@sph.com.sg US stocks finished a volatile five sessions more or less flat for the week and the year after a puzzling jobs report, and observers expect more of the same in673 words
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728 2015-01-12 2 Chandrani Sarma - By Chandrani Sarma TThe writer is research assistant at the Institute of South Asian Studies (ISAS), an autonomous research institute at the National University of Singapore. She can be contacted at isaschsa@nus.edu.sg. Opinions expressed in this paper, based on research by the author,728 words
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Article, Illustration182 2015-01-12 4 bt Explains JAC’s strategy of using condensate as a feedstock has become untenable as the condensate price rose while those of its products tumbled. Industry observers say JAC could switch to using the cheaper naphtha as a feedstock instead. Atypical chemical-linked condensate splitter BT Graphics: Chan Yi Wen, LudwigBT Graphics: Chan Yi Wen, Ludwig Ilio Source: Argus Media - 182 words
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552 2015-01-12 4 Jacquelyn Cheok - By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore Singapore ONLINE fashion marketplace Zalora, having amassed US$238 million in investment funds since its founding in 2012, looks set to be among the players leading the US$21.8-billion Southeast Asian e-commerce market to new heights. In the past552 words
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774 2015-01-12 6 Claire Huang - SICC boasts a panel of prominent international jurists and joins the successful arbitration sector in the Republic By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore WITH a panel of eminent international jurists and a successful arbitration sector in place here, the Singapore International Commercial774 words
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455 2015-01-12 6 Lee U-Wen - By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THERE is a window of opportunity for Singapore companies to establish a first-mover advantage and deepen business linkages with the Indian state of Gujarat, said International Enterprise (IE) Singapore assistant chief executive officer Tan Soon Kim. The455 words
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289 2015-01-12 6 Jamie Lee - By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore FROM the start of April, the elderly in Singapore will have more flexibility in the use of their Medisave. Announced by Health Minister Gan Kim Yong on Sunday, a new scheme known as Flexi-Medisave289 words
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Advertisement14 2015-01-12 2 Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices14 words
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Advertisement75 2015-01-12 2 Important Watch Jewelry Auction LUCAN NA W Auction 01 February 201 5 2pm 4pm PREVIEW 30 th January 2015 12pm- 8pm 31 ST January 2015 1 O am 8pm the Fullerton Hotel Singapore EDB Room a Ballroom An exciting collection of unique and exclusive designs by Italian and French jewelers,75 words
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Advertisement190 2015-01-12 3 V inn 120 140 100 160 POWER 80 180 I200 y 40 220 25 -c CHARGE 240 260 V i; M WDIO chtrack POW MODE MEDIA 3Z0NE ?S.O X DISP •OFF ■AUTO c'3.0 .«=s f 1C tVV "SSSu. > H V WHEN IT COMES TO FEATURES, MORE IS MORE. LEXUS190 words
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Advertisement245 2015-01-12 4 n NANYANG JT TECHNOLOGICAL w UNIVERSITY RSiS Nanyang Technological University S. RAJARATNAM SCHOOL OF INTERNATIONAL STUDIES The S. Rajaratnam School of International Studies cordially invites you to two lectures by Professor Stephen Rosen S. Rajaratnam Professor of Strategic Studies, RSIS; Kaneb Professor of National Security and Military Affairs, Harvard University;245 words
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Advertisement398 2015-01-12 5 Enjoy life’s finer moments Up to 20% off at Starwood Hotels and Resorts Singapore i i hi BvV. j r,' N ,A_ ri >5 If you love to indulge in the best life has to offer, you will relish our exceptional privileges for world-class dining experiences at Starwood Hotels and398 words
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Advertisement75 2015-01-12 6 s. More Than Meets The Eye yy i m r ielwlfflnB f /Q/N A Bite Of India 'p E ZhBz “sj?2 SK«! SMB a v/QA 5ft fv-t M i Enjoy the digital version of ZbBz on: BS&EB BSSEB 5??. /IV r -?H B B ZbBz offers an effective bilingual marketing75 words
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Advertisement62 2015-01-12 6 FACT. My competitors are taking away a lot of my business. Our tools wilt help beat the competition hottow. Call us today! ERP+CRM Software A truly integrated solution Serving Singapore companies proudly for 22 years FACT Software International Pte Ltd (*****6146Z) 10 Hoe Chiang Road #14-07 Keppel Towers Singapore *****562 words
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COMPANIES & MARKETS
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Article, Illustration1359 2015-01-12 7 KALPANA RASHIWALA - Cushman Wakefield on expansion path The property consulting group is upbeat about industrial collective sales and institutional buyers returning to the Singapore office market. BY KALPANA RASHIWALA TTTOPLINE market.BY KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT PROPERTY consulting group Cushman Wakefield is on an expansion trail. By the time it marks the 20thPHOTO: ARTHUR LEE - 1,359 words
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1684 2015-01-12 8 Robert Halili - Bulk of significant trades were purchases with buybacks in Hyflux, Raffles Education, Global Invacom and ST Engg INSIDE MARKETS By Robert Halili T The writer is managing director, Asia insider Ltd Buyers got off to a strong start in the New1,684 words
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Article, Illustration954 2015-01-12 8 Local shareholders would benefit from additional safeguards and disclosure practices to close the information gap. BY EUGENE KANG T The writer is a member of the Advocacy Research Committee of the Singapore Institute of Directors. ACCORDING to the 2014 Singapore Exchange (SGX) annual report,954 words
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Article, Illustration64 2015-01-12 9 STI Catalist WEEKLY Straits Times Index Jan 9,2015 3,338.44 -32.15 (-0.95%) Current streak 1 day Week high 3,345.11 Week low 3,281.95 52-week high 3,370.59 (Jan 2, 2015) 52-week low 3,013.15 (Feb 7, 2014) FTSE ST Catalist index Jan 9,2015 752.17 +2.22 (+0.30%) Current streak 1 day Week high 754.70 Week64 words
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Article304 2015-01-12 9 Stock name Close Change Wk high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 243 +3 245/236 250 206 5.9 6143.9 CapitaLand 323 -7 330/322 348 268 16.2 2.5 *****.4 CapitaMall Trust 206 +2 208/201 209 180 5 7144.7 CityDev 1025 -5 1036/991 1118 860 13.9304 words
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Article, Illustration635 2015-01-12 9 R Sivanithy - STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THERE’S an old saying for markets that as goes January, so goes the year. We don’t know whether prices will be higher or lower at the end of the month but so far, if the saying proves accurate635 words
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Article76 2015-01-12 9 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 303.7 2.0 *****/***** DBXT MSKorea US$ 5674 123.1 1.6 6735/5484 HongkongLand USD 740 80.3 8.8 741/584 DBXT MSUSA US$ 5154 69.6 1.0 5242/4303 CMProp HKD 1600 69.0 33.3 1600/802 BY PERCENTAGE CLOSE UP 52w high/low Joyas W*****5 0.8 700.0 0.776 words
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Article81 2015-01-12 9 BY CENTS CLOSE DOWN 52w high/low SPDR DJIA US$ ***** -473.6 -2.0 *****/***** DBXT MSAsExJp US$ 3261 -381.3 -8.0 3808/2802 IS S&P500 US$ ***** -374.6 -1.4 *****/***** DBXT MSEurope US$ 5384 -361.2 -4.8 6492/5366 SPDR S&P500 US$ ***** -353.2 -1.3 *****/***** BY PERCENTAGE CLOSE DOWN 52w high/low SembMar MBeCW*****281 words
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Article84 2015-01-12 9 VOL CLOSE($) CHANGE ACH ADR US$ 0.4 12.920 +2.070 +19.08 Jasper Inv 28,246.0 0.010 +0.002 +25.00 VibroPower 2,103.0 0.050 -0.007 -12.28 Yongmao 50.0 0.135 +0.020 +17.39 Starland 10,972.0 0.036 +0.001 +2.86 S i2i 10,380.0 0.006 +0.001 +20.00 ChasWood Res 167.0 0.125 +0.005 +4.17 Lizhong Wheel 10.0 0.197 -0.02884 words
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Article35 2015-01-12 9 VOLUME IHC 266,247,000 Blumont 213,596,000 JES Intl 185,266,000 Golden Agri-Res 169,032,000 Xpress 167,636,000 Market volume 8,328,234,000 VALUE DBS Grp 443,902,732 UOB 416,313,302 SingTel 404,026,476 Keppel Corp 297,418,645 OCBC Bank 290,408,953 Market value 5,662,542,00035 words
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Article110 2015-01-12 9 Fund Last sale +/-(‘000) Wk high/low 52w high/low Buy/Sell Mcap UETF SSE50China 230 +10 1534 238/220 238/140 229/230 71.9 STI ETF 337 -4 685 341/332 343/298 337/339 IS MS India US$ US744 -1 455 746/711 790/541 740/744 93 DBXT CSI300 US$ US997 -14 284 1034/975 1034/613110 words
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Article111 2015-01-12 9 COMPANY MEETING PLACE DATE TIME Halcyon Agri Corp E Malaysia Room DBS Bank Ltd 12 Marina Boulevard (Level 46) Marina Bay Financial Ctr Tower 3 12-Jan 10.00am Blue Sky Power E The Center, Hong Kong, (Video conf Level 30 S'pore Land Tower 50 Raffles Place) 13-Jan 11.00am OUE111 words
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Article77 2015-01-12 9 Jan 9 VALUE CLOSE BT OB/OS 158.00 -108.00 BT CADI -*****.00 -5.00 BT 10-day MA -*****.00 +16.00 FTSE ST Mid Cap 758.42 +0.98 FTSE ST Small Cap 502.63 +0.64 FTSE ST All Share 802.89 -1.01 FTSE ST China Top 194.79 +0.69 FTSE ST China 231.23 +1.64 FTSE77 words
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Article, Illustration36 2015-01-12 9 STI FTSE ST All-Share WEEKLY FTSE ST All-Share Index Jan 9,2015 802.89 -4.52 (-0.56%) Current streak 1 day Week high 803.90 Week low 790.14 52-week high 816.11 (July 25, 2014) 52-week low 733.83 (Feb 7, 2014)36 words
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Article, Illustration34 2015-01-12 9 STI MSCI EAFE WEEKLY MSCI EAFE index Jan 9,2015 1,729.52 -32.90 (-1.87%) Current streak 1 day Week high 1,733.84 Week low 1,697.01 52-week high 1,993.20 (July 4, 2014) 52-week low 1,729.52 (Jan 9, 2015)34 words
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Article186 2015-01-12 9 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 7 8 2 0 0 0 7 8 2 Manufacturing 70 64 34 14 14 10 84 78 44 Commerce 25 29 21 8 5 6 33 34 27 Tpt/Stor/Comms 22 15 7186 words
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Article123 2015-01-12 9 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 115,364 115,364 424,766 424,766 Manufacturing 1,704,877 220,195 1,925,072 592,015 28,480 620,495 Commerce 446,422 172,647 619,069 379,723 9,935 389,658 Tpt/Stor/Comms 579,061 6,429 585,490 922,487 2,507 924,994 Finance 117,221 652 117,873 1,251,911 141 1,252,052 Construction 135,298 84,906123 words
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817 2015-01-12 9 COMMODITIES AFP London OIL prices tumbled last week, hampered by oversupplies and weak global demand despite a pick-up for the US economy, traders said. On Friday, official data showed the US unemployment rate fell to 5.6 per cent in December, the lowestAFP - 817 words
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401 2015-01-12 10 CURRENCIES BLOOMBERG New York THE euro fell for a fourth week, its longest streak of losses since September, as declining consumer prices backed the case for further monetary stimulus from the European Central Bank. The US dollar pared a fourth week ofBLOOMBERG - 401 words
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FOREX RATES
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Article471 2015-01-12 10 Jan 9 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.962 5.044 0.689 6.299 50.675 102.776 0.970 8.857 2.894 1.038 81.831 36.525 1.087 9.416 0.827 25.928 26.725 0.538 0.812 Canada 1.040 5.245471 words
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Article155 2015-01-12 10 Jan 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0863 1.0873 0.8120 0.8126 Canadian dollar 1.1299 1.1304 0.8449 0.8446 Euro 1.5777 1.5783 1.1793 1.1796 NZ dollar 1.0467 1.0471 0.7824 0.7826 Sterling pound 2.0195 2.0204 1.5096 1.5100155 words
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Article22 2015-01-12 10 Jan 9 S$ Bid Offer 1-month 1.3383 1.3386 2-months 1.3390 1.3394 3-months 1.3396 1.3400 6-months 1.3403 1.3411 Source: OCBC22 words
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EQUITY BONDS WARRANTS FUTURES
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Article365 2015-01-12 10 Jan 9 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.74 *****.65 *****.53 Mar15 *****.00 *****.00 *****.00 *****.00 *****2 *****2 Jun15 *****.00 *****.00 *****.00 *****.00 0 3196 MSCI TAIWAN INDEX FUTURES SPOT 340.75 341.37 338.27 Jan15 341.50 344.40 338.30 339.00 ***** *****9 Feb15 341.90365 words
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209 2015-01-12 10 Jan 9 Prem Expiry Wk Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 4.2 0.1 ***** 1 18 21 KepCorp MB eCW*****2 8.4 -4.7 ***** 0.2 900 5 DBS MB eCW*****2 11 -2.8 ***** 0.1 0209 words
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373 2015-01-12 10 In local curr In S$ In US$ dy yr dy yr dy yr Jan 9 Index Change Change Change Change Change Change World Preliminary 1263.9 -0.8 -0.9 -1.0 -0.9 -0.6 -1.5 EAFE Preliminary 975.3 -0.7 -1.2 -0.6 -1.9 -0.2 -2.6 Europe Preliminary 1364.9 -1.4 -1.2373 words
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BANK RATES
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Article154 2015-01-12 10 Jan 9 $S Offer Bid 0vernight 0.02 Par 1-month 0.625 0.50 2-months 0.625 0.50 3-months 0.6872 0.5625 Overnight mode: 0.20 US$ Offer Bid 7 days 0.17 0.07 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12154 words
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Article36 2015-01-12 10 Jan 9 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 0.***** 3 mths 0.***** 6 mths 0.***** Source: Thomson Reuters36 words
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Article67 2015-01-12 10 Jan 9 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.06 5-Year N*****0H 1.625 01-Oct-19 100.57 100.60 100.50 10-Year NY*****H 3.000 01-Sep-24 107.42 107.42 107.10 15-Year NY*****E 2.875 01-Jul-29 105.3 105.40 105.00 20-Year NZ*****V 3.375 01-Sep-33 111.92 112.15 111.6567 words
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AGRI METALS ENERGY
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Article246 2015-01-12 10 Jan-9 Price Net change change Last Trade Agricultural Jan-9 CBOT Soybeans (US cents/bu) 1051.50 6.50 0.62% 14/01/2015 CBOT Soybean Oil (US cents/lb) 33.54 -0.04 -0.12% 14/01/2015 CBOT Wheat (US cents/bu) 563.75 -3.25 -0.57% 13/03/2014 Jan-9 LIFFE Cocoa (£/tonne) 2037.00 -9.00 -0.44% 16/03/2015 LIFFE Coffee (US$/tonne) 1933.00 -2.00 -0.10%246 words
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847 2015-01-12 11 Chan Yi Wen - Maybank Kim Eng sees banks gaining from higher rates; transport stocks benefiting from low commodity prices By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT HIGHER interest rates and lower commodity prices will feature strongly in the Singapore market this year, said Ng Wee Siang, Maybank847 words
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Article, Illustration431 2015-01-12 11 Jamie Lee - New leases, renewals last year at its Raffles Place/Marina Bay offices averaged S$12 psf By Jamie Lee leejamie@sph.com.sg @JamieLeeBT THE manager of Keppel Reit (real estate investment trust) said on Sunday that nine of its 11 completed office towersFILE PHOTO - 431 words
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Article574 2015-01-12 11 Payment Ex Rec Pay Ann (cts) date date date date ABF S'pore Bond Index Fd ag 3.050 02-Jan 06-Jan 15-Jan 16-Dec AIMS Property (1 Sep-31 Dec 2014) ag 0.132 29-Dec 31-Dec 13-Mar 22-Dec Boustead S'pore ay 2.000 08-Dec 10-Dec 27-Jan 28-Nov BRC Asia ak 0.800 29-Jan 02-Feb 10-Feb574 words
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Article259 2015-01-12 11 Jan 9 BANKS Agricultural Bank Of China Agricultural Bank Of China 5.50 Bangkok Bank Public Co. Ltd 6.00 5.50 Bank of Communications 5.50 Bank of East Asia Bank of China Limited 5.50 Bank of Communications Bank of Tokyo-Mitsubishi Bank of East Asia Banque Internationale a Bank of259 words
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Article1583 2015-01-12 11 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Industrial REIT 2.50 2.50 2 10.85 13.32 1.55 1.45 ARA Asset Management Ltd 2.00 2.00 4 10.45 16.08 1.97 1.68 Ascendas Hospitality Trust Mgt1,583 words
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Advertisement119 2015-01-12 8 CATS IS THE MOST EXHILARATING AND IN The Sunday Times, UK *3 Ch r Music by ANDREW LLOYD WEBBER Based on "Old Possum’s Book of Practical Cats" by T. S. Eliot OFFICIAL CARD Original London Production by Cameron Mackintosh and The Really Useful Group. MUSICAL EVER STAGED BOOK NOW MARINABAVSAHDS.COM119 words
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REAL ESTATE
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Article, Illustration983 2015-01-12 12 British investors in turn head for regional cities such as Glasgow, Leeds and Manchester REUTERS London TOUGH foreign competition in the London commercial property market is forcing local investors to invest in regional cities to tap rising rents there, with many makingREUTERS; PHOTO: BLOOMBERG - 983 words
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310 2015-01-12 12 Developer offers holders of its London-listed GDRs shares in its holding firm REUTERS Dubai DUBAI’S DAMAC will list on the Dubai Financial Market (DFM) on Monday, a bourse spokesman said, after the developer offered holders of its London-listed global depository receipts (GDRs)REUTERS - 310 words
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571 2015-01-12 12 BLOOMBERG Hong Kong HONG Kong home prices surged to a record last year, making Chief Executive Leung Chun-ying’s task of addressing the city’s affordability crisis even harder. The price index compiled by the government advanced 12 per cent forBLOOMBERG - 571 words
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Article, Illustration1272 2015-01-12 13 BTGraphics 2014 will probably be remembered as the year of low private home transactions, with volumes estimated to be in the range of 7,000- 8,000, down from the 14,948 units sold in 2013. Prices, however, fell at a much smaller quantum of 4 per cent, as indicated by1,272 words
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Advertisement71 2015-01-12 12 ASIA’S LARGEST 1 Educational Kids’ Fair' Singapore expo 20-22 March 2015 If your business targets families with kids between the age of 0 -12, we have the right platform for you! GUARANTEE? TARGETEP CROWP' Join us at smartKiPs Asia 201S! y* Call us to enquire how we can help you71 words
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Advertisement45 2015-01-12 12 REDEFINING IDEAS printpack+sign Singapore’s printing, packaging signage business exhibition |j ‘-V -r 9 m w rr m 29-31 JULY 2015 Marina Bay Sands, Singapore www.PrintPackSign.com Interested to exhibit? Tel: (65) 6848 5938 Email: PrintPackSign@bizlink.com.sg Organised By: BIZLINK Exhibition Services Pte Ltd A SUBSIDIARY OF S|£l45 words
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Advertisement105 2015-01-12 12 ASTANA ALMATY •w Seoul Beijing Hong Kong Bangkok\* V Ho Chi Minh Kuala Lumpur* Beijing Almaty 5 times a week Beijing Astana 2 times a week Seoul Almaty >j 3 times a week Kuala Lumpur Almaty ■'t 3 times a week Bangkok Almaty ■'J*. 7 times a week Hong Kong105 words
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VIEWS FROM THE TOP
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Article, Illustration5265 2015-01-12 14 THIS WEEK’S TOPIC How will the Singapore economy fare in 2015? What will be the biggest pluses and minuses for the economy? Mark Billington Regional Director South East Asia ICAEW SINGAPORE’S resilient economy withstood a property bubble and knock-on effects from a slowdown in global growth in 2014.PHOTO: AFP - 5,265 words
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Advertisement11 2015-01-12 15 For the complete list of views from CEOs, go to http://businesstimes.com.sg11 words
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BT-CITIBANK YOUNG INVESTORS’ FORUM
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Article, Illustration1598 2015-01-12 16 Eric Chaney, Maxime Alimi, Manolis Davradakis, Greg Venizelos - There’ll be a rough ride for Greece in 2015 but no significant impact on the euro area, says AXA investment managers By Eric Chaney, Maxime Alimi, Manolis Davradakis, Greg Venizelos T The writers are from AXA Investment Managers: Eric Chaney is chief economist; Maxime AlimiPHOTO: AFP - 1,598 words
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Article, Illustration1118 2015-01-12 16 Cai Haoxiang - MONDAY MULTIPLE By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT FANCY yourself good with opaque foreign terms and acronyms? If the renewed Greek debt crisis is going to play out for a little while longer, here are some words and letters that might be thrown in your1,118 words
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Advertisement105 2015-01-12 16 GET STARTED NOW Be a young investor Do you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to105 words
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BANKING & FINANCE
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286 2015-01-12 17 Jamie Lee - By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore NETS Singapore’s payment system provider on Sunday said that it plans to wire another 10 to 20 food centres here for contactless payments this year. In dubbing the move into hawker centres as a final frontier of286 words
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Article, Illustration500 2015-01-12 17 BLOOMBERG New York CITIGROUP Inc reduced the bonus pool for fixed-income and equities traders and salespeople after their division’s lacklustre performance in the final weeks of the year, according to a person briefed on the matter. The bonuses will drop 5BLOOMBERG; PHOTO: REUTERS - 500 words
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387 2015-01-12 17 BLOOMBERG London IF the New Year’s resolution of Goldman Sachs Group and UBS Group was to secure the lead in 2015’s ranking of stock-sale underwriters, they may have pulled it off in record time. Banco Santander picked the US and Swiss banks toBLOOMBERG - 387 words
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812 2015-01-12 17 Banque Cantonale de Geneve confirms release of client details but adds that the information did not represent a risk BLOOMBERG Zurich A HACKING group leaked identifying details about 30,000 clients of a small Swiss bank, after Banque Cantonale de Geneve declinedBLOOMBERG - 812 words
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253 2015-01-12 17 REUTERS Berlin THE risk of deflation in the eurozone should not be underestimated and the best way for the European Central Bank (ECB) to deal with the problem is buying government bonds, Italy’s central bank chief was quoted onREUTERS - 253 words
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Advertisement1610 2015-01-12 17 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 ELANDRA COUGAR PTE. LTD. (COMPANY REGISTRATION NO.: *****8332D) MEMBERS’ VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company deemed to have been held at 260 Orchard Road #13-01 The Heeren,1,610 words
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ENERGY & COMMODITIES
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1009 2015-01-12 18 Collapsing oil prices starve companies of cash, cripple growth, set up potential for supply shortage in future WP Chicago DANGEROUS and difficult oil fields that looked like goldmines when crude fetched more than US$100 a barrel have turned into money pits asWP - 1,009 words
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Article, Illustration491 2015-01-12 18 REUTERS Philadelphia THE largest refinery on the US East Coast was operating at less than half its capacity late on Saturday because of a fire, a source familiar with the operations said, while plant officials reported the incident as “flaring”. A source familiarREUTERS; PHOTO: AFP - 491 words
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330 2015-01-12 18 REUTERS Frankfurt PIMCO will not make acquisitions as it seeks to expand its equities business, an executive of Allianz’s bond fund managing unit told a German weekly on Saturday. The fund manager has been determined to push into equities as it aims toREUTERS - 330 words
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271 2015-01-12 18 REUTERS New York SOME US traders are waiting more than three months to take delivery of their cotton from warehouses, traders said, kindling memories of last year’s controversy over logjams and fuelling calls for tougher regulation. Two merchants were waiting more thanREUTERS - 271 words
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Advertisement21 2015-01-12 18 SUBSCRIBE TO ICON SINGAPORE WW W I C O N S I N GA P O R E C O M21 words
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Advertisement182 2015-01-12 18 Pauline Teo Ken Chee Over 8 content-packed hours, you will discover: How to make your money work smarter and harder without looking at charts and news, and without the need to trade Learn the methods to generate 20%-25% returns per annum from your investments with proven results Pick up tips182 words
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Advertisement16 2015-01-12 18 KISS92Z All the great songs m one place /flP Bofl*. ccc one. ott o« 0 l\16 words
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Advertisement18 2015-01-12 18 www.omy.sg OM to Buzz Talk S£±i# Jt SC ■'--.I fiiKroPgTnggg Download omy Apps omy News iOSAppStore Google Play18 words
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TECHNOLOGY
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734 2015-01-12 19 Move indicates that the company believes the US dollar is poised to remain strong this year BLOOMBERG San Francisco APPLE Inc changed the prices of software applications from Canada to Europe on Friday in one of the company’s more comprehensive global responsesBLOOMBERG - 734 words
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340 2015-01-12 19 WP Washington ELON Musk’s daring and unprecedented attempt to land a rocket booster upright on a barge in the ocean was unsuccessful on Saturday but SpaceX, his startup space company, vowed to try again and said that the attemptWP - 340 words
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Article, Illustration657 2015-01-12 19 San Francisco - San Francisco REUTERS AMAZON prides itself on being a company that breaks the rules, but its recent success in Hollywood also reflects an embrace of a more traditional, old-fashioned script. The largest US online retailer, which has spent heavily on original programming andREUTERS; PHOTO: AFP - 657 words
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Article1003 2015-01-12 19 Jessica Bennett - COMMENTARY By Jessica Bennett NYT New York THERE were a few things that were sweetly grandmotherly about Patricia Duncan Moran’s Facebook post to her great-granddaughter Devyn on her birthday. For starters, Ms Moran had posted it to her own wall instead of Devyn’s. She named butNYT - 1,003 words
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Article, Illustration699 2015-01-12 20 Some do so by sidestepping complex aspects of the virtual currency such as private keys and block chains AFP las Vegas AMID the roiling sea of gadgetry at the Consumer Electronics Show (CES) was a contingent of bitcoin start-ups intentAFP; PHOTO: AFP - 699 words
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812 2015-01-12 20 Kostadin Kushlev, Elizabeth Dunn - COMMENTARY By Kostadin Kushlev, Elizabeth Dunn NYT New York IS EMAIL overload bad for you? This is a complicated question. Although researchers have found a correlation between dealing with email and adverse well-being (for example, feeling stressed or emotionally drained), this does notNYT - 812 words
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549 2015-01-12 20 AFP Las Vegas FROM door bells that scrutinise visitors to washing machines that know when you are home and lights that click off when you get in bed, houses are getting smarter. The trend of once-dumb fixtures and appliances being given theAFP - 549 words
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249 2015-01-12 20 NYT Washington US President Barack Obama will announce new initiatives next week designed to bolster online security and improve access to cyberspace, White House officials said on Saturday. In a series of speeches, Mr Obama will call for better safeguards against identity theft, improved privacyNYT - 249 words
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Advertisement39 2015-01-12 19 Not Just IT. We Deliver Trust. Your IT Service Provider Partner gpM® Stone Forest IT 01 A P o www.StoneForestlT.com Hotline+65 6594 7594 For enquiries, email to ITSales@StoneForestlT.com Sage CRM Sage ITOu 300 ERR Outsourcing IT Infrastructure Network Security39 words
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Advertisement23 2015-01-12 20 bird’s Eye view of tender jobs Check out the most comprehensive collection of tender notices in The Straits T imes Notices. 14/myj jun23 words
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CONSUMER
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Article, Illustration954 2015-01-12 21 But critics call laws that allow use of drugs not approved by FDA as ‘a cruel sham’ NYT Lyons, Colarado SINCE May last year, several states in America have passed laws that give critically ill patients the right to tryNYT; ST FILE PHOTO - 954 words
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Page 21 Advertisements
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Advertisement2979 2015-01-12 21 The Business Times k I 1 I /"I I 1 P Toll free 1800-289-8822 I I Email notices@sph.com.sg i j L J www.sphclass.com.sg/notices '~..>*{^+].:})}<!\*:(,->]-":`!- TECHNICS OIL GAS LIMITED Registration No. *****5249E (Incorporated in Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the2,979 words
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TRANSPORT
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Article, Illustration628 2015-01-12 22 Financial markets doubt the carmaker’s ability to move smoothly into the popular auto market AFP New York TESLA Motors has been the darling of Wall Street. A-list stars including Hollywood’s leading men Leonardo DiCaprio, Brad Pitt and George Clooney are all alsoAFP; PHOTO: BLOOMBERG - 628 words
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Article, Illustration687 2015-01-12 22 AFP Kuala Lumpur UNTIL Flight QZ8501 went down, everything had gone right during a spectacular 13-year run of success for AirAsia, which unlocked a booming market of budget travellers in the region. But as long as no serious safety lapses emerge, analysts sayAFP; PHOTO: AFP - 687 words
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327 2015-01-12 22 AFP Nicosia CYPRUS defended on Saturday the decision to halt flights by its national carrier, calling the closure of debt-laden Cyprus Airways “unavoidable”, as pilots vowed action against the government. Government spokesman Nicos Christodoulides told state radio that authorities had tried to rescue the strickenAFP - 327 words
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567 2015-01-12 22 WP Dallas SNORING, slouching sleepers and the challenges of climbing over fellow passengers for a trip to the restroom. Those are among the myriad in-flight etiquette issues faced by travellers on crowded planes, and are the first targeted by JetBlueWP - 567 words
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542 2015-01-12 22 REUTERS New York UNITED Airlines has paid a premium to dump old losing bets on higher oil prices, and is reviewing its strategy for insulating itself from oil market volatility, in a sign of how some airlines’ efforts to hedge theirREUTERS - 542 words
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302 2015-01-12 22 BLOOMBERG Berlin THE European Parliament should reconsider its misgivings on legislation to improve data-sharing on air travellers entering and leaving the continent after last week’s terror attacks in France, German Chancellor Angela Merkel said. Speaking in Hamburg on Saturday, Mrs MerkelBLOOMBERG - 302 words
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Page 23 Advertisements
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Advertisement15 2015-01-12 23 iiy TuneintoQ"j B 3FM on 19 January, Sam! 91,3fm is part of SPH Radio network15 words
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1932 2015-01-12 24 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC KK JKT SUR THOR FRIEND 4 60 23/1 24/1 29/1 OCEANIC PESCADORES 40 60 31/1 4/21,932 words
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Page 24 Advertisements
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Advertisement106 2015-01-12 24 Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 THE BUSINESS TIMES SHIPPING TIMES Make A Splash In The Maritime World Via sbh;imaritme.coM Ahoy there! If you are in a business pertaining to any sector of106 words
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GOVERNMENT & ECONOMY
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Article, Illustration952 2015-01-12 25 Rally in Dresden, Germany against racism and xenophobia draws tens of thousands REUTERS Paris DOZENS of world leaders including Muslim statesmen gathered in Paris on Sunday to join hundreds of thousands of French citizens set to march amid high security in an unprecedentedREUTERS; PHOTO: REUTERS - 952 words
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Article, Illustration591 2015-01-12 25 Lee U-Wen - By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE Singapore Democratic Party (SDP) may have lost two of its biggest names since the last general election (GE) in 2011, but the chief of the opposition party is still confident of fielding a strongPHOTO: MARK CHEONG/THE STRAITS TIMES - 591 words
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390 2015-01-12 25 AFP Dhaka A ROLLING transport blockade organised by the opposition is taking a huge toll on Bangladesh’s economy, with the vital garment industry hit particularly hard, a business leader warned on Sunday. Opposition leader Khaleda Zia called for the open-ended blockadeAFP - 390 words
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668 2015-01-12 25 AFP Colombo SRI Lanka’s new government on Sunday accused toppled strongman Mahinda Rajapaksa of having tried to stage a coup to cling to power after losing last week’s presidential election. Mr Rajapaksa, South Asia’s long-est-serving leader before losing lastAFP - 668 words
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Article, Illustration1007 2015-01-12 26 They suggest that investors should start focusing on countries that are net importers of oil and other commodities NYT New York INVESTING in rapidly developing economies is an inherently risky proposition. That is why more than a decade ago, investors embracedNYT; PHOTO: AFP - 1,007 words
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Article, Illustration723 2015-01-12 26 AFP Paris A GREEK exit from the eurozone would certainly come at a cost to Europe, but just how expensive would it be? The amount Athens owes its partners is equivalent to just a tiny fraction of the eurozone’s economy,AFP; PHOTO: REUTERS - 723 words
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476 2015-01-12 26 REUTERS Athens GREEK Prime Minister Antonis Samaras is pledging to cut taxes and gradually end austerity as he seeks to woo voters and overturn a poll lead by the leftist opposition party Syriza ahead of a snap election. AtREUTERS - 476 words
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649 2015-01-12 26 AFP Pretoria SOUTH Africa’s capacity to generate electricity is shrinking due to ageing power plants, latest statistics show, and the continent’s most developed economy could face rolling blackouts for years to come. New data released by Statistics South Africa highlight how theAFP - 649 words
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DINING OUT
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Article, Illustration929 2015-01-12 27 Sushi Jin isn’t cheap enough to compete with the mid-price eateries, and its best quality isn’t enough to beat high-end sushi joints. BY JAIME EE jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Sushi Jin #01-11/12 Owen Link One Farrer Hotel Spa 1 Farrer Park station Road Tel:929 words
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Article, Illustration633 2015-01-12 27 Jaime Ee - By Jaime Ee jaime@sph.com.sg @JaimeEeBT NEW RESTAURANT Koji Sushi Bar 3 Pickering Street #01-42 Nankin Row Tel: *****125 Open for lunch and dinner Mon to Sat: 11.30am to 3pm; 5pm to 10pm. IF you’re undecided about whether Sushi Jin is mid-priced or633 words
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Advertisement91 2015-01-12 27 CONGRATULATIONS TO THE WINNERS OF THE LATEST STRAITS TIMES CAR OF THE YEAR 2014 BMW 3 BEST PERFORMANCE HATCHBACK/SALOON AUDI S3 SPORTBACK/SEDAN BEST NOTCHBACK COUPE BMW 2 SERIES BEST 6-CYLINDER LUXURY SALOON HYUNDAI GENESIS BEST LIMOUSINE MERCEDES-BENZ S-CLASS BEST THREE-DOOR HATCHBACK MINI BEST SPORTS UTILITY VEHICLE PORSCHE MACAN BEST FAMILY91 words
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LIFE & CULTURE
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Article, Illustration612 2015-01-12 28 All money from sales of the issue to go to the families of the 12 people killed in attack AFP Paris A “SURVIVORS’ issue” of Charlie Hebdo coming out this week will also be sold outside France because of the huge globalAFP; PHOTO: REUTERS - 612 words
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Article251 2015-01-12 28 Mindy Tan - By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Fortune Bag giveaway with every S$50 donation to Com Chest FOR each outright donation of S$50 or more, Community Chest will arrange for a Fu Dai (mandarin for “Fortune Bag”) giveaway to beneficiaries of 14 local social service programmes. These beneficiaries include Chen251 words
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Article, Illustration638 2015-01-12 28 AFP Manila POPE Francis will immerse himself in some of Asia’s most fervent Catholicism during a trip to the Philippines and Sri Lanka starting Tuesday, with millions of devotees set to turn out. The Argentinian pontiff with a man-of-the-people reputation could attract oneAFP; PHOTO: AFP - 638 words
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Page 28 Advertisements
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Advertisement196 2015-01-12 28 An inaugural March career fair by STJobs.sg HUNTINGSEASON ISOVER. Stop having to seek out your ideal candidates and let them come to you instead! Be a part of the STJobs Express Fair 2015, the definitive event for companies who are looking to diversify their workforce with the right talent. Why196 words
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Page 28 Miscellaneous
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Miscellaneous298 2015-01-12 28 CRYPTIC CROSSWORD Across 1 Impostor? Nonsense (6) 5 Disease, nasty-sounding pets affected (4-4) 9 Honeymoon suite for them grand bedroom, I suspect (5,3,5) 10 Mate ringing a seabird is taking protective interest (8) 11 French dramatist elected to enter competition (6) 12 Nothing about English version in US state (6)298 words
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