The Business Times, 9 June 2015
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2015-06-09
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The Business Times
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Title Section31 2015-06-09 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD■BEST IN OVERALL REDESIGN■ S$1.00 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 Tuesday, June 9,201531 words
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DAILY DIGEST
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Article24 2015-06-09 1 in the next three months appears sunnier in other parts of the Asia-Pacific region, than in Singapore. TOP STORIES 224 words
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Article, Illustration22 2015-06-09 1 continued to slide in May, with exports dipping 2.8 per cent, and imports falling 17.6 per cent. TOP STORIES 322 words
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Article29 2015-06-09 1 are now in a stronger position to manage funding concerns linked to falling oil prices than they were before the 2008 global crisis. TOP STORIES 429 words
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Article24 2015-06-09 1 has established its first office in Singapore its first venture outside of the mainland, Hong Kong and Macau. COMPANIES MARKETS 524 words
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Article22 2015-06-09 1 will abandon his troubled investment in Indonesia’s coal industry, agreeing to sell his Asia Resource Minerals stake. COMPANIES MARKETS 622 words
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Article21 2015-06-09 1 announce a regulatory shift away from stabilising bank balance sheets to making people accountable. BANKING FINANCE 1221 words
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Article30 2015-06-09 1 in a race against Google to store data on human DNA, seeking market share in a business that may be worth US$1 billion a year by 2018. TECHNOLOGY/1430 words
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Article21 2015-06-09 1 spark the recall of Maggi noodles says Indian authorities lack the resources for widespread inspections. CONSUMER 1521 words
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Article23 2015-06-09 1 is set to face a fresh challenge in reviving sales of its A380 jet as used aircraft hit the market.TRANSPORT 1623 words
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Article18 2015-06-09 1 have pledged to speed up work on a transatlantic trade and investment partnership deal. GOVT ECONOMY/1718 words
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Article12 2015-06-09 1 expanded much more vigorously than previously indicated. GOVT& ECONOMY/1812 words
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Article27 2015-06-09 1 Monday Change STI 3,320.33 -13.34 KL COMP 1,739.45 -5.88 NIKKEI 22 20,457.19 -3.71 HANG SENG 27,316.28 +56.12 SHENZHEN B 1,558.55 -44.57 DOW (11:45am EDT) 17,814.99 -34.4727 words
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Article, Illustration806 2015-06-09 1 Kenneth Lim; Melissa Tan - The former Bank of America Merrill Lynch head of global markets in the Asia-Pacific takes over on July 14 By Kenneth Lim kenlim@sph.com.sg @KennethLimBT T With additional reporting by Melissa Tan Melissa Tan Singapore THE Singapore Exchange (SGX) has806 words
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Article, Illustration650 2015-06-09 1 Pauline Ng - By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIANS, in despair, have a new name for their currency the shringgit. Already one of the worst performers in the past year, the currency touched a nine-year low of 3.767 to the US dollar on Monday, after the US postedSource: Bloomberg - 650 words
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Page 1 Advertisements
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Advertisement87 2015-06-09 1 8 "*****1 *****4 SHARP FALL S$ falls against greenback on strong US jobs data COMPANIES MARKETS 7 COMMENTARY Corrupt or not, Russia and Qatar should remain World Cup hosts TOP STORIES 4 BLACKROCK Asia Square Tower 1 put up for sale REAL ESTATE 10 COMPLETE SOLUTION Startup veriTAG keeping tabs87 words
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TOP STORIES
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Article, Illustration836 2015-06-09 2 Chuang Peck Ming - Employers still jumpy about where the economy is going in coming months; net employment outlook is 13 per cent By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore THE outlook for jobs in the next three months appears sunnier in other parts of theSource: Manpower Group - 836 words
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Article, Illustration567 2015-06-09 3 Virginie Mangin - Severe drop in imports indicates that domestic demand has yet to pick up, despite recent stimulus measures By Virginie Mangin btworld@sph.com.sg Beijing CHINA’s trade continued to slide in May, putting more pressure on Beijing to further ease policies. Exports dipped 2.8 perPHOTO: AFP - 567 words
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487 2015-06-09 3 Anthony Rowley - By Anthony Rowley btworld@sph.com.sg Tokyo THE deputy managing director of the International Monetary Fund (IMF) has warned of the growing risks of severe financial market disruption and of a “disorderly rebalancing” of investment portfolios as monetary policy normalises in the US487 words
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433 2015-06-09 4 Kelly Tay - Invesco study says this is because of greater recognition of liquidity objectives and better governance By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore SOVEREIGN wealth funds are now in a stronger position to manage funding concerns linked to falling oil prices than433 words
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Article, Illustration467 2015-06-09 4 REUTERS Seoul THE South Korean government on Monday said it is ready to take swift measures to counter the negative effects on its economy from an outbreak of a deadly respiratory disease, suggesting that worried policymakers may soon deliver monetaryREUTERS; PHOTO: REUTERS - 467 words
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846 2015-06-09 4 AFP Geneva RUSSIA and Qatar could lose the right to host the 2018 and 2022 World Cups if evidence is found of corruption in the bidding process, a Fifa official was quoted as saying on Sunday. The commentsAFP - 846 words
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Article, Illustration717 2015-06-09 4 Lee U-Wen - COMMENTARY By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore IF Russia and Qatar weren’t feeling the jitters before, they surely will be now. The hosts of the Fifa World Cup in 2018 and 2022 respectively are facing the nightmare prospect ofPHOTO: AFP - 717 words
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Advertisement197 2015-06-09 2 ppp LASER CLINIC A CLINIC OF DR GOH SENG HENG Everyone can have clear, glowing and healthy skin What are PPP Medical Laser Facials? PPP medical laser facials are safe and non-invasive methods of deep cleaning the skin, helping to clean and control* pimples, pores and pigmentation. •Results however, can197 words
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Page 3 Advertisements
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Advertisement170 2015-06-09 3 Spark off the perfect USA journey with ANA NEW HOUSTON LOS ANGELES NEW YORK SAN FRANCISCO SAN JOSE+>**.. SEATTLE t* •*> Is ir; V-;" v^ r S*-.: LV ,,v- t i? w; :l. i. ,T;i I jr ’’X S r> i A I.-' r irJ Jt j tV /i fi170 words
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COMPANIES & MARKETS
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Article, Illustration563 2015-06-09 5 Elizabeth Mak - The branch, named China Life Insurance Singapore, will provide health insurance and renminbi wealth management, among other services By Elizabeth Mak eamak@sph.com.sg Singapore CHINA’S largest life insurance provider China Life Insurance set up its first Singapore office on Monday its first venture outside563 words
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313 2015-06-09 5 Kelly Tay - By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore CATALIST-LISTED Spackman Entertainment Group now has an effective interest of 44.45 per cent in Delmedia a Korean variety show production company after its associated company, Spackman Media Group (SMG), acquired a majority stake in Delmedia for US$1.48 million.313 words
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CORPORATE DIGEST
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Article69 2015-06-09 5 KOYO International’s wholly owned subsidiary, Koyo Engineering (SE Asia), has been awarded two contracts worth about S$17.3 million bringing Koyo’s gross order book to date to S$41 million. The contracts are for the proposed additions and alterations to mechanical, electrical, and plumbing services at the Ngee Ann Polytechnic69 words
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Article37 2015-06-09 5 TTJ Holdings reported a 74 per cent slump in net profit for the third quarter ended April 30 to S$1.6 million, dragged by lower sales and margins. Revenue fell 56 per cent to S$14.8 million.37 words
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Article111 2015-06-09 5 3CNERGY Ltd said it has entered into a supplemental deed with with Patrick Liew and his wife Lim Sook Lin for the conditional sale and purchase agreement inked in May, under which the duo agreed to acquire HSR International Realtors from 3Cnergy for a nominal S$1. Mr Liew and111 words
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Article, Illustration703 2015-06-09 6 CAI HAOXIANG - HOCK LOCK SIEW BY CAI HAOXIANG haoxiang@sph.com.sg @HaoxiangCaiBT IN the six years since the global financial crisis, the Singapore market has taken on some characteristics of the typical Singaporean: not too excitable, mostly honest, gets the job done. Yet after the penny stock crash of OctoberPHOTO: BLOOMBERG - 703 words
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Article, Illustration502 2015-06-09 6 Financier has secured an improved offer from Asian group Coal Energy Ventures REUTERS London FINANCIER Nathaniel Rothschild will abandon his troubled investment in Indonesia’s coal industry, he said on Monday, agreeing to sell his stake in Asia Resource Minerals (Arms) after securing anREUTERS - 502 words
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Article, Illustration517 2015-06-09 7 Siow Li Sen - Sharp SGD fall against US$ also comes as Malaysian ringgit suffers slides against the US and Singapore currencies By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE Singapore dollar (SGD) fell a sharp one per cent on Monday against the greenback followingSource: Bloomberg; PHOTO: BLOOMBERG - 517 words
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385 2015-06-09 7 Lynette Khoo - By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore PROPERTY developer Sinarmas Land (SML) has entered into a heads of agreement with KaiLong Holdings Ltd (KLR) to take up a strategic stake in what could be the first Chinese Reit to be listed on the Singapore385 words
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276 2015-06-09 7 BLOOMBERG Taipei THE top ranked analyst covering HTC Corp is predicting the company’s “nightmare” is poised to get even worse after the smartphone maker slashed its sales forecast, triggering the stock’s biggest drop in three years. Sinopac Financial Holdings Co analyst Calvin Huang inBLOOMBERG - 276 words
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Article, Illustration651 2015-06-09 8 R Sivanithy - Index falls 13.34 points to 3,320.33 in a soft Monday session that saw not much action in blue chips or penny stocks STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT A SOFT session that ended with the Straits Times Index (STI) 13.34 points weaker atSource: Bloomberg - 651 words
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Article307 2015-06-09 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 240 -7 247/239 271 219 6.1 6069.1 CapitaLand 337 -4 340/336 379 293 12.3 2.7 *****.8 CapitaMall Trust 213 +1 214/210 228 188.5 5.1 7390.5 CityDev 990 +13 997/979 1095 915 11.9307 words
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Article34 2015-06-09 8 VOLUME Debao Property 108,601,400 Elektromotive 89,038,200 WE 58,758,300 Digiland Intl 53,612,100 Oceanus 52,449,200 Market volume 1,606,394,000 VALUE Singtel 77,603,612 UOB 62,169,874 CityDev 52,061,884 DBS Grp 50,283,882 OCBC Bank 50,219,632 Market value 1,024,621,00034 words
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Article110 2015-06-09 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US712 -12 433 724/709 1000/696 713/716 89 UETF SSE50China 338 +20 348 340/323 340/140 325/339 105.6 STI ETF 337 -1 265 339/336 355/319 336/337 DBXT CSI300 US$ US1466 +36 59 1466/1427 1466/626110 words
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Article77 2015-06-09 8 Jun 8 VALUE CLOSE BT OB/OS -905.00 -206.00 BT CADI -*****.00 -135.00 BT 10-day MA -*****.00 -90.00 FTSE ST Mid Cap 768.65 -4.31 FTSE ST Small Cap 483.99 -3.51 FTSE ST All Share 799.23 -3.57 FTSE ST China Top 209.39 -0.89 FTSE ST China 249.67 +0.13 FTSE77 words
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Article, Illustration36 2015-06-09 8 STI FTSE ST All-Share ftse ST All-Share index June 8, 2015 799.23 -3.57 (-0.44%) Current streak 3 days Day high 802.47 Day low 799.23 52-week high 847.98 (Apr 15, 2015) 52-week low 762.71 (Oct 16, 2014)36 words
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Article, Illustration33 2015-06-09 8 STI MSCI EAFE MSCI EAFE index June 5,2015 1,865.80 -37.77 (-1.98%) Current streak 2 days Day high 1,899.14 Day low 1,860.08 52-week high 1,995.49 (July 3, 2014) 52-week low 1,697.01 (Jan 7, 2015)33 words
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Article186 2015-06-09 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 4 9 1 0 0 0 4 9 1 Manufacturing 34 54 39 8 11 9 42 65 48 Commerce 13 25 19 4 6 3 17 31 22 Tpt/Stor/Comms 9 21 8186 words
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Article123 2015-06-09 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,979 14,979 54,678 54,678 Manufacturing 144,266 146,270 290,536 83,058 4,433 87,490 Commerce 208,874 110,489 319,363 51,995 1,577 53,572 Tpt/Stor/Comms 105,889 1,382 107,271 177,141 97 177,238 Finance 20,467 3 20,470 203,331 1 203,332 Construction 23,664 11,516123 words
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Article, Illustration63 2015-06-09 8 STI Catalist Straits Times index June 8,2015 3,320.33 -13.34 (-0.40%) Current streak 3 days Day high 3,333.99 Day low 3,318.28 52-week high 3,539.95 (Apr 15, 2015) 52-week low 3,154.21 (Oct 16, 2014) ftse ST Catalist index June 8,2015 684.81 -4.30 (-0.62%) Current streak 3 days Day high 689.78 Day low63 words
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Article75 2015-06-09 8 BY CENTS CLOSE UP 52w high/low DBXT Vietnam US$ 2451 80.2 2.5 3100/2250 DBXT CSI300 US$ 1466 49.0 2.5 1466/626 Lyxor ChinaH US$ 1934 43.5 1.7 2055/1280 DBXT China50 US$ 3986 42.2 0.8 4258/2800 UETF SSE50China 338 20.0 6.3 340/140 BY PERCENTAGE CLOSE UP 52w high/low Joyas W*****5 0.775 words
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Article74 2015-06-09 8 BY CENTS CLOSE DOWN 52w high/low DBXT ASX200 US$ 3589 -228.4 -4.5 4403/3530 DBXT E50 US$ 5032 -195.8 -2.8 5630/4562 SPDR S&P500 US$ ***** -136.0 -0.5 *****/***** DBXT MSKorea US$ 5564 -116.9 -1.5 6735/5484 DBXT MSJAP US$ 5103 -112.9 -1.6 5277/4291 BY PERCENTAGE CLOSE DOWN 52w high/low Innopac W*****074 words
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BROKERS’ TAKE
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Article176 2015-06-09 8 Trading Buy S$0.285 June 8 close: S$0.285 Target price: S$0.34 RHB, June 8 THE size of the rights issue was the main negative surprise, but we think the market has priced in more dilution than a realistic case. We note a hefty margin of safety now exists for176 words
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138 2015-06-09 8 Hold June 8 close: S$0.365 Target price: S$0.35 OCBC Investment Research, June 8 DESPITE some uncertainties over Indonesia’s economic outlook, the retail sales momentum remained solid, increasing 23.6 per cent year-on-year in April, after growth of 10.9 per cent to 19.3 per cent in January138 words
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Article192 2015-06-09 8 Melissa Tan - Compiled by Melissa Tan Buy June 8 close: S$9.90 Fairvalue: S$11.54 DBS Group Research, June 8 SHARES of CDL fell 4.1 per cent last Friday on news that it will be removed from the FTSE EPRA NAREIT Global Real Estate Index Series. The change will be effective192 words
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439 2015-06-09 9 CURRENCIES REUTERS London THE dollar fell from near 13-year highs against the yen on Monday on a media report that the US authorities were uncomfortable with their strong currency, prompting some traders to trim favourable bets on the greenback. US President BarackREUTERS - 439 words
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FOREX RATES
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Article471 2015-06-09 9 Jun 8 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.950 4.738 0.684 5.919 48.951 102.094 0.957 8.577 2.876 1.081 77.787 34.386 1.039 9.581 0.716 23.750 25.823 0.500 0.764 Canada 1.053 4.987471 words
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Article155 2015-06-09 9 Jun 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0379 1.0392 0.7633 0.7638 Canadian dollar 1.0926 1.0938 0.8039 0.8035 Euro 1.5176 1.5187 1.1161 1.1162 NZ dollar 0.9601 0.9611 0.7061 0.7064 Sterling pound 2.0760 2.0779 1.5268 1.5272155 words
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Article21 2015-06-09 9 Jun8 S$ Bid Offer 1-month 1.3605 1.3617 2-months 1.3615 1.3627 3-months 1.3616 1.3627 6-months 1.3646 1.3661 Source: OCBC21 words
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EQUITY BONDS WARRANTS FUTURES
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Article398 2015-06-09 9 Jun 8 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES SPOT *****.81 *****.55 *****.70 Jun15 *****.00 *****.50 *****.00 *****.50 *****0 *****8 Jul15 *****.00 *****.50 *****.50 *****.00 ***** ***** NIKKEI 225 INDEX FUTURES SPOT *****.85 *****.94 *****.06 Jun15 *****.00 *****.00 *****.00 *****.00 ***** *****6 Sep15398 words
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201 2015-06-09 9 Jun 8 Most active Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left WE Holdings Ltd W*****5 0.2 unch 9955 1 0 2 FTSEChinaA50 ***** MBePW*****9 13 -4.1 6360 0.0 --3 UOB MB ECW*****1 10.8 -0.3 6333 0.1 2395 4201 words
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373 2015-06-09 9 In local curr In S$ In US$ dy yr dy yr dy yr Jun 5 Index Change Change Change Change Change Change World Preliminary 1341.4 -0.4 5.1 -0.1 5.5 -0.8 3.0 EAFE Preliminary 1086.7 -0.9 10.1 -1.2 7.7 -2.0 5.1 Europe Preliminary 1501.9 -1.1 8.7373 words
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BANK RATES
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Article154 2015-06-09 9 Jun 8 $S Offer Bid 0vernight 0.05 Par 1-month 0.6875 0.5625 2-months 0.75 0.625 3-months 0.8125 0.6875 Overnight mode: 0.10 US$ Offer Bid 7 days 0.18 0.08 1 month 0.23 0.13 2 months 0.28 0.18 3 months 0.40 0.20 6 months 0.60 0.40 9 months 0.75 0.55 12154 words
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Article36 2015-06-09 9 Jun 8 1 mth 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 1.***** SWAP Offer rates 1 mth 0.***** 3 mths 0.***** 6 mths 1.***** Source: Thomson Reuters36 words
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Article69 2015-06-09 9 Jun 8 Jun 8 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0Z 2.375 01-Apr-17 102.23 102.28 102.28 5-Year N*****0H 1.625 01-Oct-19 98.64 10-Year NX*****Z 2.375 01-Jun-25 96.74 96.98 96.65 15-Year NY*****E 2.875 01-Jul-29 99 99.00 99.00 20-Year NZ*****V 3.375 01-Sep-33 104.1569 words
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AGRI METALS ENERGY
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Article246 2015-06-09 9 Jun-5 Price Net change change Last Trade Agricultural Jun-5 CBOT Soybeans (US cents/bu) 937.75 -8.75 -0.92% 14/07/2015 CBOT Soybean Oil (US cents/lb) 34.78 0.25 0.72% 14/07/2015 CBOT Wheat (US cents/bu) 517.00 -6.75 -1.29% 14/07/2014 Jun-5 LIFFE Cocoa (£/tonne) 2112.00 10.00 0.48% 16/07/2015 LIFFE Coffee (US$/tonne) 1728.00 -8.00 -0.46%246 words
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Advertisement54 2015-06-09 6 f THERE IS NEVE IN THE OUTDOO HOW EXPOSURE HOW DO YOU TO STOP PEOPLE CHALLENGES R A DULL MOMENT R MEDIA BUSINESS. DO YOU MAXIMISE IN A SMALL SPACE? USE TECHNOLOGY IN THEIR TRACKS? (5RIVE ME TO EXCEL I LOVE WHAT I DO. Genevie Go BUSINESS DEVELOPMENT MANAGER SPHMBO54 words
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Page 7 Advertisements
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Advertisement58 2015-06-09 7 ALSO AVAILABLE IN i7 VPRO ALSO AVAILABLE IN i7 VPRO Ultrabook, Celeron, Celeron Inside, Core Inside, Intel, Intel Logo, Intel Atom, Intel Atom Inside, Intel Core, Intel Inside, Intel Inside Logo, Intel vPro, Itanium, Itanium Inside, Pentium, Pentium Inside, vPro Inside, Xeon, Xeon Phi, and Xeon Inside are trademarks of58 words
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REAL ESTATE
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Article, Illustration602 2015-06-09 10 Kalpana Rashiwala - Price tag said to be S$4b; group could be open to selling its space in Tower 2 which may be worth S$2.5b By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore ASSET management giant BlackRock has put up Asia Square Tower 1 for sale.FILE PHOTO - 602 words
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307 2015-06-09 10 REUTERS Hong Kong DALIAN Wanda Group, China’s largest commercial property developer, said it plans to raise funds from investors online this week to help finance its new shopping malls, the latest developer tapping an emerging trend amid a sluggish property market. Wanda, inREUTERS - 307 words
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259 2015-06-09 10 REUTERS Hong Kong CHINA’S southern city of Guangzhou on Sunday relaxed downpayment requirements for first and second homebuyers, the first local housing market stimulus rolled out by a top-tier city. The third-largest city in terms of gross domestic product in China lowered the downpayment ratioREUTERS - 259 words
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Article, Illustration1081 2015-06-09 11 Group bargain-hunts along with Brookfield Asset Management and JPMorgan Chase and is opening a Sao Paulo office BLOOMBERG Sao Paulo AFTER tripling its money on big US real estate bets, Blackstone Group LP is taking on Brazil. The Visconde de Inhauma Corporate,BLOOMBERG; PHOTO: BLOOMBERG - 1,081 words
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789 2015-06-09 11 WP McLean, Virginia LESS than two years after going public, McLean, Virginia-based Hilton Worldwide Holdings is preparing for its next corporate act. The giant hotelier is considering a number of business initiatives, including paying a modest dividend to shareholders, repurchasing its stock, and spinningWP - 789 words
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Page 10 Advertisements
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Advertisement38 2015-06-09 11 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices38 words
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Advertisement187 2015-06-09 11 En-bloc Sale of Fairhaven (Sophia Road) Subject Bt Timah Rd Istana Tekka Centre Selegie Rd Wilkie Rd Sophia Wilkie Edge Rochor The Atrium Orchard Plaza Singapura Orchard Rd Rd CathayCineplex PoMo St Rd Penang Dhoby Ghaut MRT Prinsep Middle Rd SOTA Park Mall NAFA Rendezvous Hotel Lane Bencoolen MRT(U/C) SMU187 words
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Advertisement120 2015-06-09 11 RARE OPPORTUNITY Large Factory in Ang Mo Kio for Sale Site area Approx. 16,500 sq m 177,604 sq ft Built-up area Approx. 31,730 sq m 341,539 sq ft 2014 Master Plan Zoning Business 2, Plot Ratio 2.5 Tenure 60yrs wef 1/4/1981 Balance 26 years) Suitable for Corporate SME expansion Centrally120 words
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BANKING & FINANCE
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Article, Illustration876 2015-06-09 12 Osborne, Carney set to unveil details of Fair and Effective Markets Review on Wednesday BLOOMBERG London MARK Carney and George Osborne are making it personal. Seven years after the UK bailed out some of its biggest lenders, the Bank ofBLOOMBERG; PHOTO: REUTERS - 876 words
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Article, Illustration495 2015-06-09 12 REUTERS Frankfurt THE appointment of John Cryan as chief executive of Deutsche Bank sent shares in Germany’s largest lender up 8 per cent on Monday as investors judged the Briton a more credible contender than his two ousted predecessors to revive theREUTERS - 495 words
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649 2015-06-09 12 REUTERS Zurich JOHN Cryan has spent years of his life advising banks on strategy. Now, as the new CEO of Germany’s Deutsche Bank, he’ll have just days to put his ideas into practice. Mr Cryan, a 54-year-old Briton,REUTERS - 649 words
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Advertisement271 2015-06-09 12 Investors have to equip themselves with the knowledge on stocks investment before they start off their investment journey. Most importantly, having the right investing mindset is essential for every successful investor. Investing without the complete knowledge will result in unprofitable investments thus financial losses. Show Me the Money writes about271 words
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Advertisement274 2015-06-09 12 and Interest rates rises have historically caused volatility in capital, investment and asset markets. How will equities, bonds, commodities and currencies react to this upcoming interest rate rise? Will HK H shares and China A shares continue to soar? How will higher interest rates affect the AH premium equilibrium? byGabriel274 words
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Advertisement60 2015-06-09 12 HOT PROPERTY UPPER THOMSON. FH. $16XX psf! ***** sf. Office/ childcare/ sch. Marymount MRT. SIM LIM SQ. Approx. 390 sf. Regular unit/ level 2/ F&B/ Retail. Immed occupancy. MRT. SYED ALWI 2-STY f'hold 1600/ 2500sf future MRT. near food ctr, main road, bus stops. SHOP SPACES FOR SALE! Check out60 words
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Advertisement16 2015-06-09 12 EDITOR'S CHOICE We bring you three top stories in full at businesstimes.com.sg every day thebusinesstimes btbreakingnews16 words
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ENERGY & COMMODITIES
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Article, Illustration824 2015-06-09 13 Uncertainties that could cause price swings include the US oil industry; the return of Iran to oil markets; demand in China; and the return of political oil risk premium REUTERS Vienna TO hear Opec ministers in Vienna last week, one would thinkREUTERS; PHOTO: REUTERS - 824 words
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442 2015-06-09 13 REUTERS Nusa Dua, Indonesia INDONESIA will push for consolidation in its mining sector while coal prices are low and may soon revoke more than 4,000 licences that have caused problems, Energy and Mineral Resources Minister Sudirman Said said on Monday. Indonesia ships about US$2REUTERS - 442 words
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Advertisement3022 2015-06-09 13 The Business Times Ik 1 Toll free 1800-289-8822 I I Email notices@sph.com.sg V j B j il www.sphclass.com.sg/notices SUNSET VINE ASIA (PTE.) LIMITED Registration No. *****5700C (Incorporated In Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (“EGM”) of Sunset Vine Asia (Pte.) Limited3,022 words
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TECHNOLOGY
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Article, Illustration1011 2015-06-09 14 Tech startup finds and reports security flaws, turns hacking into a legitimate, lucrative venture NYT San Francisco IN 2011, two Dutch hackers in their early 20s made a target list of 100 high-tech companies that they would try to hack. Soon, they hadNYT; PHOTO: NYT - 1,011 words
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828 2015-06-09 14 REUTERS New York AMAZON.COM Inc is in a race against Google Inc to store data on human DNA, seeking both bragging rights in helping scientists make new medical discoveries and market share in a business that may be worth US$ 1REUTERS - 828 words
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683 2015-06-09 14 Bolt Threads targets market for high-performance apparel such as sports shirts and bras WP San Francisco FIVE years ago, the graduate students behind a secretive startup called Bolt Threads set out to replicate the unique chemical properties of spider silk, an almost magically flexibleWP - 683 words
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Advertisement9 2015-06-09 14 www.omy.sg 音他曲 Scan&takethe challenge more @showbiz.omy.sg9 words
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CONSUMER
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Article, Illustration733 2015-06-09 15 Government authorities seen lacking the resources for widespread inspections BLOOMBERG New Delhi THE man who helped spark one of India’s largest food recalls prompting Nestle SA’s top executive to rush to New Delhi last week says government authorities lack theBLOOMBERG; PHOTO: BLOOMBERG - 733 words
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Page 15 Advertisements
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Advertisement62 2015-06-09 15 THE PEAK SELECTIONS GOURMET TRAVEL OUT NOW AVAILABLE AT KINOKUNIYA MPH TIM ES BOOKSTORE GOU RMET TRAVEL DI G ITAL I S AL SO AVAILABLE ON MOBILE DEVICES goo.gl/br6n5B G O U R M E T A N D T R A V E L Beef Up Your Finances Call62 words
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Advertisement1680 2015-06-09 15 Frasers Hospitality Asset Management Pte. Ltd. (as manager of Frasers Hospitality Real Estate Investment Trust) Frasers Hospitality Trust Management Pte. Ltd. (as trustee-manager of Frasers Hospitality Business Trust) NOTICE OF EXTRAORDINARY GENERAL MEETING DBS Bank Ltd. is the Sole Global Coordinator and Issue Manager for the initial public offer of1,680 words
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TRANSPORT
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Article, Illustration811 2015-06-09 16 It hasn’t won a new airline customer in almost 3 years and needs to sell close to 30 a year just to break even BLOOMBERG Toulouse AIRBUS Group is set to face a fresh challenge in reviving sales ofBLOOMBERG; PHOTO: BLOOMBERG - 811 words
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Article, Illustration510 2015-06-09 16 BLOOMBERG Beijing THE stockbroker is beating the car salesman in the battle for Chinese wallets. With China’s stock market more than doubling in the past year, consumers such as Tom Zhang are deferring big-ticket purchases to chase the rally. The Beijing resident was decidingBLOOMBERG; PHOTO: AFP - 510 words
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585 2015-06-09 16 BLOOMBERG Beijing CHINA is forging the country’s answer to General Electric (GE), combining two state-owned railroad equipment makers to create the world’s sec-ond-largest industrial company. And the giant isn’t planning to stay at home. The merger of CSR Corp andBLOOMBERG - 585 words
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665 2015-06-09 16 Accidents show technology is sound but interplay on the road is a problem BLOOMBERG Berlin AS companies such as Google Inc, Mercedes-Benz and Volvo Cars race to develop vehicles that are smart enough to drive themselves, even the most sophisticatedBLOOMBERG - 665 words
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GOVERNMENT & ECONOMY
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333 2015-06-09 17 Early settlement comes as the company seeks to wind down its operations BLOOMBERG Kuala Lumpur 1 MALAYSIA Development Bhd, the debt-ridden state investment company, has said that it repaid a US$975 million syndicated loan led by Deutsche Bank. The repayment is partBLOOMBERG - 333 words
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Article, Illustration651 2015-06-09 17 AFP Istanbul TURKISH investors on Monday took fright at a new period of political uncertainty after legislative elections, with shares tumbling over six per cent and the lira hitting a new record low against the dollar. Turkey’s central bank acted swiftly to giveAFP; PHOTO: AFP - 651 words
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438 2015-06-09 17 REUTERS AFP Athens GREECE is willing to compromise to reach a deal with its EU-IMF creditors that is acceptable to both sides and is ready to negotiate until the end of June to achieve this, the government said on Monday. The comments struckREUTERS; AFP - 438 words
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734 2015-06-09 17 important that Obama receives fast track authority from US Congress to conclude talks fast: Merkel REUTERS BLOOMBERG Kruen, Germany LEADERS of the Group of Seven (G-7) major industrialised democracies pledged on Monday to speed up work on a transatlanticREUTERS; BLOOMBERG - 734 words
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Article, Illustration700 2015-06-09 18 Anthony Rowley - Some analysts see signs of economic revival but others point to rising import costs, low domestic consumption By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN’S gross domestic product (GDP) expanded much more vigorously than previously indicated during the first quarter of this year,PHOTO: REUTERS - 700 words
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570 2015-06-09 18 REUTERS BLOOMBERG Amsterdam THE Dutch central bank revised up its economic growth forecasts for the coming years, saying in an outlook published on Monday that output would recover to pre-crisis levels in real terms by the end of thisREUTERS; BLOOMBERG - 570 words
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Article, Illustration883 2015-06-09 19 investors downplay rate rise chances even as potential for losses for bond holders is greater than at any time BLOOMBERG New York IF the Federal Reserve is really so intent on raising interest rates this year, why is WallBLOOMBERG; PHOTO: AFP - 883 words
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Article, Illustration1182 2015-06-09 19 REUTERS New York IT has become a recurrent moment in Hillary Clinton’s speeches as she campaigns for the presidency: softening her voice to a hush, she says she wants to end the “quiet epidemic” of Americans dying from overdoses of painkillersREUTERS - 1,182 words
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226 2015-06-09 19 REUTERS Berlin GERMAN exports and industrial output both rose more sharply than expected in April, getting the country off to a strong start to the second quarter. Seasonally adjusted exports jumped by 1.9 per cent on the month, data from the Federal StatisticsREUTERS - 226 words
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Page 17 Advertisements
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Advertisement1684 2015-06-09 17 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding Up No. 117 of 2013 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF KIMVI (PRIVATE) LIMITED (IN LIQUIDATION) (REG. NO. *****0664W) NOTICE OF1,684 words
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Page 18 Advertisements
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Advertisement494 2015-06-09 18 Keep Calm And Take Charge, Shun Failure, Network Effectively! Who should attend: Managers, Directors, Business Owners, Sales and Service Executives. FULL-DAY WORKSHOPS Positive Thinking: Bouncing Back From Failure Taking Initiative And Making Things Happen At The Workplace Taking initiative means handling duties and responsibilities without waiting to receive instructions from494 words
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Page 19 Advertisements
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Advertisement1072 2015-06-09 19 The admission and listing of Frasers Centrepoint Limited on Singapore Exchange Securities Trading Limited (the “SGX-ST”) was sponsored by DBS Bank Ltd. as the Sole Issue Manager. DBS Bank Ltd., United Overseas Bank Limited and Morgan Stanley Asia (Singapore) Pte. were the Joint Financial Advisers for the listing of Frasers1,072 words
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OPINION
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566 2015-06-09 20 EDITORIAL THE South China Sea imbroglio seems to be settling into a long game of attrition. That display of political theatre when a US spy plane with reporters on board flew directly over Fiery Cross Reef in the Spratly Islands566 words
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Article, Illustration793 2015-06-09 20 Robert Samuelson - Plight of the NEETs a global phenomenon By the OECD’s estimates, roughly half of the NEETs aren’t even looking for work. That is a sombre warning sign of political and personal fatalism. THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP Washington AMONG the economic and social trendsTHE WASHINGTON POST WRITERS GROUP - 793 words
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Article, Illustration1210 2015-06-09 20 JAMES HADLEY, WADE CRUSE - Smaller players can hit at the weakness that accompanies scale. BY JAMES HADLEY, WADE CRUSE T Mr Hadley is co-leader of Bain Company’s Strategy practice and Mr Cruse is a Bain Company partner based in Singapore T Follow @BainInsights on Twitter BIGGER is notPHOTO: REUTERS - 1,210 words
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Article, Illustration951 2015-06-09 21 Anthony Rowley - QE currency market intervention by another name Central banks in the G-7 or G-20 would consult each other and coordinate their monetary policies. But international cooperation lags well behind when domestic politics dictate monetary actions, as they usually do. COMMENTARY By Anthony Rowley By Anthony Rowley Tokyo THE term “beggar951 words
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620 2015-06-09 21 Mano Sabnani - LETTER TO THE EDITOR Mano Sabnani T The writer is a former BT Editor CHEMICAL Industries (Far East) is one of the “lost” stocks on the Singapore Exchange (SGX) mainboard. It has a reasonably good core business in industrial chemicals620 words
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Article, Illustration917 2015-06-09 21 FRASER THOMPSON - Greater focus is needed on managerial quality, behavioural issues, and competition in domestic sectors. BY FRASER THOMPSON COMMENTARY sectors.BY FRASER THOMPSON T The writer is a Singapore-based director of AlphaBeta, an economic strategy firm focused on South-east Asia Singapore AS Nobel laureate PaulILLUSTRATION: FREEIMAGES - 917 words
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Article749 2015-06-09 21 John Manfreda - COMMENTARY By John Manfreda IN the age of derivatives, swaps, and electronic money transfers, a new form of warfare has emerged: financial warfare. Recently, the US has passed sanctions on countries such as Syria, Venezuela, and North Korea, but the majority of energy-relat-ed749 words
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Article975 2015-06-09 22 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10975 words
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Page 22 Advertisements
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Advertisement206 2015-06-09 22 USE THIS SPACE TO SELL CALL JOE WONG AT *****327 TO ADVERTISE THE BUSINESS TIMES Shipping times Experienced ship maintenance services wanted. Can they find your services here in the Shipping Times? THE BUSINESS TIMES TO ADVERTISE, CALL JOE WONG AT 9620 1327 -wit Announce Your Corporate Development I fW206 words
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LIFE & CULTURE
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Article, Illustration1298 2015-06-09 23 Best New Musical Fun Home a raw expose about family and sexuality, is a nod to sophistication in theatre NYT New York FUN Home, a poignant and raw exploration of family, memory, sexuality and suicide, completed a long journey from theNYT; PHOTOS: REUTERS; PHOTO: REUTERS - 1,298 words
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Article, Illustration368 2015-06-09 23 REUTERS New York THE stars strutted down the Tony Awards’ red carpet, including nominees who got an able assist from Vogue editor Anna Wintour, who a year ago proclaimed the annual event a fashion disaster in need of help. NoREUTERS; PHOTOS: REUTERS - 368 words
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Page 23 Advertisements
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Advertisement21 2015-06-09 23 LISTEN OUT FOR FINANCIAL RESULTS ANNOUNCEMENT Find out more about a company’s financial performance through The Straits Times Notices. 14/myj jun21 words
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Page 23 Miscellaneous
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Miscellaneous328 2015-06-09 23 CRYPTIC CROSSWORD Across 1 An officer gets this percentage (10) 6 A direction to lower a boat (4) 10 Disciplinary panel assembled (5) 11 I’m in a state it’s excitement (9) 12 Capital place to resettle when idle (3,5) 13 I’m a long time making a picture (5) 15 Uniformly328 words
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Article, Illustration1135 2015-06-09 24 Upasna Kakroo - Companies need to get on the innovation bandwagon to harness digital technology, which is creating disruptions globally COMMENTARY By Upasna Kakroo The writer is the co-founder of content marketing and branding startup, Brandanew. Her previous experiences include Rocket Internet, McKinsey Co. and she’s been aPHOTO: REUTERS - 1,135 words
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Page 24 Advertisements
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Advertisement94 2015-06-09 24 Do your best work in One-North* Discover the space and time to do the best work of your life. At our new Buona Vista centre in Singapore. You'll find everything you need. Inspirational workspace. World-class IT facilities. Expert support team. And a ready-made business community to connect with. So you94 words
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Page 25 Advertisements
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Advertisement70 2015-06-09 25 With up to $1.6m worth of prizes, you'll have the support you need to realise your business plans. Submit your application by 9 June 2015. Apply now at www.EEaward.com FAST TRACK YOUR BUSINESS GROWTH WITH OCBC BUSINESS VENTURE LOAN S3 OCBC Bank Finance your business ventures and accelerate your growth70 words
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SME
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Article, Illustration1093 2015-06-09 26 Prisca Ang - Singapore cloud-tagging startup veriTAG takes an innovative approach to how information is relayed in the food trade and in asset management By Prisca Ang prisang@sph.com.sg SCAN, view, repeat tech-savvy consumers and enterprises are no strangers to the Quick Response (QR) code, which plays host toPHOTO: SHAWN TEO - 1,093 words
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985 2015-06-09 24 Manfred Kets De Vries - COMMENTARY By Manfred Kets De Vries The writer is clinical professor of Leadership Development Organisational Change at insead and The Raoul de Vitry d'Avaucourt chaired professor of leadership development, emeritus. This article first appeared on INSEAD Knowledge WHETHER it’s kissing frogs, slaying dragons or battling985 words
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EMERGING ENTERPRISE 2015
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Article, Illustration1322 2015-06-09 25 JACQUELYN CHEOK - Its debt financing is aimed at helping startups which have raised capital through venture capitalists. BY JACQUELYN CHEOK jaccheok@sph.com.sg @JacCheokBT LATER this year, OCBC will launch venture debt, a form of debt financing structured for young companies which have earlier raised capital from venture capitalistsPHOTO: SHAWN TEO - 1,322 words
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Page 26 Advertisements
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Advertisement69 2015-06-09 26 S-* 7* V V- L w 4> >■ V V* V> *v' I kj > V, a j Orange Clove V It takes 30 seconds to make an impression It takes Orange Clove to make a statement GRAND OPENING SPECIALIST IMPRESSING 1,116,467 GUESTS THROUGH 24,171 SUCCESSFUL EVENTS IN 2014 YOURS69 words
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Advertisement16 2015-06-09 26 INNOVATION Striving for Digital Organisation 4.0 24 NO CHILD’S PLAY Leadership lessons from fairy tales 2416 words
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