The Business Times, 17 February 2016
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2016-02-17
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The Business Times
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Title Section22 2016-02-17 1 THE BUSINESS TIMES S$1.00 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 039/08/2015 GWednesday, February 17, 201622 words
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Article27 2016-02-17 1 Tuesday Change STI 2,644.58 +36.68 KL COMP 1,664.99 +15.03 NIKKEI 225 16,054.43 +31.85 HANG SENG 19,122.08 +203.94 SHENZHEN B 1,143.45 +22.81 DOW (10.45 EST) 16,090.91 +117.0727 words
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Article, Illustration294 2016-02-17 1 Singapore is set to solidify its position as the top bunkering port with the mandatory use of mass flow meters for marine fuel oil on track to kick in from January 2017. TOP STORIES 6 StarHub joins the other two telcos in posting a dip in net profit294 words
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Article, Illustration645 2016-02-17 1 Siow Li Sen - It sees NPL rising to 2% if oil prices continue to be depressed By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore UNITED Overseas Bank (UOB) could see its non-performing loan (NPL) ratio rise to 2 per cent if oil prices stay lower longer. OfSource: UOB - 645 words
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Article, Illustration704 2016-02-17 1 Lee U-Wen - Economic cooperation key plank of ties; both sides have to go beyond lower costs or adding value By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THE United States and South-east Asia must find ways to create value through innovation and entrepreneurshipPHOTO: REUTERS - 704 words
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494 2016-02-17 1 REUTERS London OIL prices slipped off session highs on Tuesday after four of the world’s largest producers agreed to freeze output at January levels, dashing hopes among the price bulls for an outright cut to supply. The Saudi, Russian,REUTERS - 494 words
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Advertisement27 2016-02-17 1 8 "887 1 8 1 *****4" CREDIBLE FORCE MAS among best regarded central banks: Tharman TOP STORIES 2 DIVIDENDS Wall Street’s battered status symbol EXECUTIVE MONEY 2627 words
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Advertisement26 2016-02-17 1 SINGAPORE AIRSHOW 2016 CAAS signs milestone deal; atr confident of prospects TOP STORIES 4-5 UOB’s Q4 profit flat on higher expenses, bad debt provisions, Page 826 words
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Advertisement9 2016-02-17 1 SMU DON PUSHES FOR 6 TAX REFORMS PAGE 139 words
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TOP STORIES
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Article, Illustration659 2016-02-17 2 Kelly Tay - He details regulator’s transformation at the launch of MAS Gallery, part of its 45th anniversary celebrations By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore CREDIBILITY is the most precious asset that a central bank and financial regulator can have and one the Monetary Authority ofPHOTO: LIM YAOHUI/THE STRAITS TIMES - 659 words
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600 2016-02-17 2 Jacquelyn Cheok - By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore THE call has gone out for professionals, managers and executives (PMEs) in the financial sector to future-proof themselves. NTUC (National Trades Union Congress) assistant secretary-general Patrick Tay wrote in a blog post in600 words
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455 2016-02-17 2 BLOOMBERG Singapore TEMASEK Holdings Pte Ltd cut its stake in Alibaba Group Holding Ltd in the fourth quarter as the biggest Chinese e-commerce company’s shares rallied. The Singapore investment firm sold 548,769 American depositary receipts (ADRs) in Alibaba, leaving itBLOOMBERG - 455 words
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529 2016-02-17 4 Nisha Ramchandani - Under this, Singapore can ensure that local firms doing maintenance work on US carriers follow FAA standards SINGAPORE AIRSHOW 2016 By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT @Nisha_BT Singapore MORE business could come in for maintenance, repair and overhaul (MRO) players in Singapore, with the529 words
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Article, Illustration464 2016-02-17 4 Soon Weilun - By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore EUROPEAN aircraft manufacturer ATR sees slower growth in the aviation market but remains confident about its prospects, as it announces a mul-ti-million-dollar deal with a lessor and is in talks with another Iranian carrier. NotingPHOTO: YEN MENG JIIN - 464 words
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Article, Illustration360 2016-02-17 4 Grace So - By Grace So graceso@sph.com.sg Singapore SCOOT will enter the Indian and Middle Eastern markets within the next few months as it continues to take delivery of new aircraft this year. The airline currently has 10 brand new Dreamliners in its fleet, andPHOTO: YEN MENG JIIN - 360 words
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SHORT HOPS
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93 2016-02-17 4 SINGAPORE Technologies Engineering (ST Engineering) said ST Aerospace Resources has signed an agreement to divest 50 per cent of its equity stake in Keystone Holdings (Global) to SJ Aviation Capital, a Singapore-based subsidiary of Japanese trading company Sojitz Corporation, for an93 words
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55 2016-02-17 4 RUSSIAN Helicopters is selling nine helicopters to China for government and civilian purposes, to be delivered by 2017. It also inked agreements with two Chinese companies to help set up a maintenance and repair centre in Shenzhen for Russian-made helicopters in China, which55 words
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62 2016-02-17 4 BELL Helicopter announced the sale of its Bell 407GXP to India-based air charter management company Premair and also to Simrik Air in Nepal. Bell Helicopter introduced the latest variant of the popular Bell 407 platform in March 2015, with great customer interest.62 words
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63 2016-02-17 4 THALES has signed an agreement with Singapore Airlines (SIA) to equip medium haul A350 XWBs with its Avant in-flight entertainment systems, which will leverage on Ka-band connectivity for high- speed access. Delivery of the systems will begin in 2018. Thales declined to63 words
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81 2016-02-17 4 SINGAPORE has concluded two Open Skies Agreements with the Solomon Islands and Burundi. Under each agreement, airlines of Singapore and the respective countries will be able to offer services between both countries with no restrictions on number of flights, capacity or aircraft81 words
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67 2016-02-17 4 CANADIAN plane maker Bombardier’s Singapore Service Centre has seen over 800 visits from customers since it started operations two years ago, with about 50 per cent growth seen between 2014 and 2015. The centre expects to receive certification from China this year67 words
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441 2016-02-17 4 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore PLANE-MAKER Airbus maintains that orders for aircraft will continue to hold up despite a slowing global economy, pointing to robust traffic growth in the Asia Pacific underpinned by an emerging middle class. Airbus has forecasted that the region will441 words
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Article, Illustration557 2016-02-17 5 Soon Weilun - Carrier to apply for patents for new products introduced to its planes; eyes investment in 2 more airlines SINGAPORE AIRSHOW 2016 By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE chief of Qatar Airways said that the Qatari national carrier is “suffering” from lowPHOTO: YEN MENG JIIN - 557 words
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290 2016-02-17 5 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore PLANE-MAKER Mitsubishi Aircraft Corp has inked a letter of intent (LOI) with US-based Aerolease Aviation for up to 20 MRJ90 aircraft, making Aerolease the first lessor to order the jets. A definitive agreement is expected to be290 words
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701 2016-02-17 6 Tan Hwee Hwee - The MFM system for marine fuel oil kicks in from next year; move reinforces country’s lead in bunkering By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SINGAPORE is set to solidify its position as the top bunkering port with the701 words
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717 2016-02-17 6 Claire Huang - New school will be set up in UniSIM; 80% of intake will be for mature students or mid-career professionals By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SINGAPORE’S third law school specialising in criminal and family law will accept its first batch717 words
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Article263 2016-02-17 6 Pictet-Absl Rtn Fxd Inc-HP EUR 11/02/2016 EUR 100,87 Pictet-Absl Rtn Glo Div-P EUR 11/02/2016 EUR 114,57 Pictet-Asian Equities Ex Japan-P USD 05/02/2016 USD 167,40 Pictet-Asian Local Currency Debt-P USD 12/02/2016 USD 143,43 Pictet-Biotech-P USD 11/02/2016 USD 537,85 Pictet-Clean Energy-P USD 11/02/2016 USD 61,29 Pictet-Digital Communication-P USD 11/02/2016 USD 197,07263 words
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879 2016-02-17 6 Kelvin Tay - COMMENTARY By Kelvin Tay T The writer is regional chief investment officer Southern apac, UBS Wealth Management 2016 is the Year of the Monkey the Fire Monkey, to be more precise. In two of Asia’s biggest cultures, the monkey879 words
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Advertisement25 2016-02-17 2 Get your 5th ‘C’ here Choose from various club memberships or sell yours in CLASS 66 To advertise, call the Print Classified Hotline: 1800-289 998825 words
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Advertisement19 2016-02-17 4 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices19 words
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Advertisement45 2016-02-17 5 www.hiaphoe com S o l e M a r k e t i n gA g e n t D e v e l o p e r L i c e n c eN o L 3 0 0 7 4 8 7 F45 words
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Page 6 Advertisements
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Advertisement61 2016-02-17 6 m v OPTIMISING THE WORK ENVIRONMENT r ASIA 2016 29 JUNE -1 JULY 2016 Marina Bay Sands, Singapore Sands Expo Convention Centre OFFICE I ESSENTIALS 7 ■r Organised By: BIZUNK Exhibition Services Pte Ltd A SUBSIDIARY OF S|£l 9 INTERESTED TO EXHIBIT? (65) 6848 5938 OEA@bizlink.com.sa Block 8 Lorong Bakar61 words
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Advertisement106 2016-02-17 6 THOMSON PLAZA(301 Upper Thomson Road) Approx. 0.23km from New Upper Thomson MRT SIM LIM SQUARE(1 Rochor Canal Road) Approx. 0.12km from New Rochor MRT 7 Adjacent Shop Units Total Strata Area 5102 sqft •Tenanted to Key F&B Anchor Tenant Huge Development Potential 4 Shop Units Total Strata Area 1614 sqft106 words
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COMPANIES & MARKETS
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784 2016-02-17 7 Amit Roy Choudhury - Revenue dips 2.1% to S$633.8m; for 2016, telco expects to maintain annual cash dividend of 20 cents per share By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore STICKING to a trend this reporting season, StarHub joined the other two telcos, Singapore Telecommunications (Singtel) and784 words
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254 2016-02-17 7 Kenneth Lim - By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore CRYSTAL Jade Culinary Concepts Holdings is adding two franchisees, at Beijing Airport and in Vietnam, the restaurant group announced on Tuesday. HMSHost (Beijing airport) signed on as a franchisee on Jan 26 and will open two Crystal254 words
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CORPORATE DIGEST
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Article34 2016-02-17 7 SING Holdings posted a fourth-quarter net profit of S$16.27 million, against a loss of S$281,000 a year ago. Revenue soared to S$195.96 million from S$9.6 million, mainly from recognition of sale proceeds.34 words
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Article41 2016-02-17 7 AT least six Singapore-listed companies warned on Tuesday that they will report a net loss for the fiscal year ended Dec 31, 2015 Advanced Systems Automation, Dragon Group International, ASTI Holdings, Hong Leong Asia, Kencana Agri and Blumont Group.41 words
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Article53 2016-02-17 7 LCD Global Investments, which in April last year announced a change in financial year-end, posted a profit of S$4.65 million for the 18 months ended Dec 31, 2015, against a loss of S$7.72 million for the 18 months ended Dec 31, 2014. Revenue dipped one per cent53 words
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783 2016-02-17 8 Siow Li Sen - Earnings of S$788m in final quarter raise full-year profit to S$3.21b; final dividend of 35 cents per share BANKS’ PERFORMANCE By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore UNITED Overseas Bank posted flat fourth-quarter net earnings of S$788 million as higher783 words
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485 2016-02-17 8 Pauline Ng - By Pauline Ng btworld@sph.com.sg Kuala Lumpur ONLINE banking transactions at Malaysia’s Maybank are worth RM174 billion (S$ 58.4 billion) a year, with the volume of transactions expanding at the rate of about 30 per cent a year. Digital innovations continue485 words
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510 2016-02-17 8 Christopher Langner - COMMENTARY By Christopher Langner BLOOMBERG Singapore IT’S not clear how much of Singapore’s bad loans for 2015, the highest since 2009, are due to low commodity prices, because banks don’t give a detailed industry breakdown of their assets. Given theBLOOMBERG - 510 words
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791 2016-02-17 8 R SIVANITHY - HOCK LOCK SIEW BY R SIVANITHY sivan@sph.com.sg @RSivanithyBT WHEN the Singapore Exchange (SGX) started issuing its “Trade with Caution” (TWC) notices a couple of years ago, the move was greeted with derision, cynicism, and a fair bit of laughter. Comments791 words
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Article, Illustration355 2016-02-17 9 Kenneth Lim - HOT STOCK By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore PRIVATISATION hopes sent shares of Sembcorp Marine climbing on Tuesday despite the company reporting a sharp fall into a loss-making quarter. The stock closed at S$ 1.57, up by 7.5 per cent orSource: Bloomberg - 355 words
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259 2016-02-17 9 BLOOMBERG Sao Paulo SETE Brasil Participacoes’ creditors, including Banco do Brasil and Itau Unibanco Holding, received 2.68 billion reais (S$940 million) from a govern-ment-backed fund and are likely to tap about 1.58 billion reais more, according to a person familiar with the matter.BLOOMBERG - 259 words
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Article433 2016-02-17 9 Kenneth Lim - Full-year profit falls 11% amid less favourable financial markets; proposed total payout of 45 cents for the quarter By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore GREAT Eastern Holdings’ net profit for the fourth quarter ended Dec 31, 2015, increased 5 per cent to S$218.8 million,433 words
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Article, Illustration62 2016-02-17 10 STI Catalist straits Times index Feb 16,2016 2,644.58 +36.68 (+1.41%) Current streak 3 days Day high 2,656.33 Day low 2,585.53 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Feb 16,2016 429.43 +1.50 (+0.35%) Current streak 1 day Day high 429.43 Day low62 words
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Article75 2016-02-17 10 BY CENTS CLOSE UP 52w high/low SPDR DJIA US$ ***** 759.7 3.5 *****/***** DBXT MSEurope US$ 4967 242.5 3.6 6300/4770 JMH USD 5584 187.8 2.5 6700/4500 DBXT S&P500 US$ 3233 150.0 3.4 3626/3126 JSH USD 2855 133.2 3.4 3590/2524 BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.2 100.0 0.175 words
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Article72 2016-02-17 10 BY CENTS CLOSE DOWN 52w high/low Isetan 320 -95.0 -22.9 480/320 GLD US$ ***** -93.9 -0.6 *****/***** DBXT S&PShort US$ 2283 -77.1 -2.4 2393/2086 Yongmao 45 -30.0 -40.0 85/36.5 IS MS INDIA US$ 592 -11.2 -1.3 838/577 BY PERCENTAGE CLOSE DOWN 52w high/low GLP MB eCW*****1 0.6 -62.5 -1.072 words
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Article, Illustration659 2016-02-17 10 R Sivanithy - Index gains 1.4 per cent amid strong turnover of S$1.44 billion; DBS, OCBC and Singtel advance STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index on Tuesday jumped 36.68 points or 1.4 per cent to 2,644.58, in line with gainsSource: Bloomberg - 659 words
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Article306 2016-02-17 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 238 -2 242/236 271 209 6.1 6251.6 CapitaLand 290 +1 291/283 379 267 10.6 3.1 *****.3 CapitaMall Trust 210 -1 212/208 228 184.5 5.4 7299.7 CityDev 693 +5 697/682 1095 661 8.3306 words
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Article34 2016-02-17 10 VOLUME Ezra 54,214,200 Noble 49,946,700 Spackman 48,628,300 Luzhou Bio-Chem 43,444,000 Rex Intl 37,704,400 Market volume 1,322,590,000 VALUE DBS Grp 172,496,664 Singtel 104,509,942 UOB 102,724,407 CapitaLand 79,695,059 JMH USD 78,822,599 Market value 1,438,972,00034 words
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Article77 2016-02-17 10 Feb 16 VALUE CLOSE BT OB/OS -165.00 -66.00 BT CADI -*****.00 +111.00 BT 10-day MA -*****.00 -16.00 FTSE ST Mid Cap 642.83 +6.16 FTSE ST Small Cap 373.91 +2.30 FTSE ST All Share 652.56 +9.08 FTSE ST China Top 150.27 +1.02 FTSE ST China 180.21 +1.57 FTSE77 words
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Article107 2016-02-17 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 266 +4 460 267/261 355/254 265/266 IS MS INDIA US$ US592 -8 330 605/592 838/577 591/592 74 GLD US$ US***** -67 108 *****/***** *****/***** *****/***** 59.6 DBXT MSRussia US$ US157 +5 43 157/156 235/129107 words
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Article, Illustration35 2016-02-17 10 STI FTSE ST All-Share ftse ST All-Share index Feb 16,2016 652.56 +9.08 (+1.41%) Current streak 2 days Day high 654.31 Day low 639.80 52-week high 847.98 (Apr 15, 2015) 52-week low 625.37 (Jan 21, 2016)35 words
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Article, Illustration33 2016-02-17 10 STI MSCI EAFE MSCI EAFE Index Feb 15,2016 1,538.97 +46.54 (+3.12%) Current streak 1 day Day high 1,548.12 Day low 1,491.40 52-week high 1,949.49 (May 15, 2015) 52-week low 1,492.43 (Feb 12, 2016)33 words
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Article186 2016-02-17 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 4 1 0 1 0 11 5 1 Manufacturing 44 31 27 9 5 7 53 36 34 Commerce 23 9 13 6 3 3 29 12 16 Tpt/Stor/Comms 20 10 5186 words
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Article121 2016-02-17 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 32,024 1,853 33,877 109,942 387 110,329 Manufacturing 177,968 42,835 220,803 132,225 2,453 134,678 Commerce 83,268 36,480 119,748 133,068 1,339 134,407 Tpt/Stor/Comms 175,929 592 176,521 236,598 50 236,648 Finance 33,279 186 33,465 366,117 24 366,141 Construction121 words
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Article82 2016-02-17 10 VOL CLOSE($) CHANGE Yongmao 2,000.0 0.450 -0.300 -40.00 Isetan 3.0 3.200 -0.950 -22.89 AA 591.0 0.080 -0.013 -13.98 Infinio 500.0 0.002 +0.001 +100.00 Soon Lian 4.0 0.063 -0.049 -43.75 Maxi-Cash Fin 61.0 0.110 +0.020 +22.22 Challenger 696.6 0.425 +0.020 +4.94 Tech Oil Gas 20,256.2 0.144 +0.025 +21.01 SHC82 words
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BROKERS’ TAKE
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Article109 2016-02-17 10 Sembcorp Marine Fully Valued Target price: S$1.24 Feb 16 close: S$1.57 DBS Group Research, Feb 16 Sembcorp Marine’s (SMM) share price has recently been supported by speculation of potential privatisation by Sembcorp Industries (SCI), which is unlikely in our opinion. We believe the more likely scenario would be the merger109 words
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Article129 2016-02-17 10 Tat Hong Holdings Hold Target price: S$0.45 Feb 16 close: S$0.425 OCBC Investment Research, Feb 16 Tat Hong’s Q3 FY16 revenue fell 19 per cent year-on-year to S$124.8 million as all divisions reported lower turnover, and the group recorded a net loss of S$6.7 million vs a net profit of129 words
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Article171 2016-02-17 10 Jamie Lee - Mapletree Industrial Trust Buy Compiled by Jamie Lee Target price: S$1.71 Feb 16 close: S$1.54 Maybank-Kim Eng Research, Feb 15 FY18E DPU growth of 9 per cent to 12 Singapore cents should be well supported by major project with Hewlett-Packard contributing. Thus we roll-over our valuations to that year, pegged171 words
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Article23 2016-02-17 10 DATA I Feb 17 Singapore Non-oil Domestic Exports I Feb 17 Singapore COE Bidding Results I Feb 17 US MBA Mortgage Applications23 words
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426 2016-02-17 11 CURRENCIES REUTERS London THE yen bounced back against the US dollar on Tuesday, as a modest recovery in risk appetite fizzled after top oil producers Saudi Arabia and Russia agreed to freeze but not cut output. The US dollar hadREUTERS - 426 words
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FOREX RATES
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Article471 2016-02-17 11 Feb 16 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.985 4.669 0.643 5.584 49.010 96.163 0.821 8.717 2.968 1.087 75.098 34.116 1.005 11.286 0.708 23.770 25.543 0.497 0.717 Canada 1.015 4.739471 words
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Article155 2016-02-17 11 Feb 16 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0049 1.0059 0.7170 0.7172 Canadian dollar 1.0200 1.0210 0.7280 0.7277 Euro 1.5631 1.5647 1.1152 1.1156 NZ dollar 0.9244 0.9256 0.6595 0.6599 Sterling pound 2.0236 2.0258 1.4438 1.4443155 words
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Article22 2016-02-17 11 Feb 16 S$ Bid Offer 1-month 1.4021 1.4034 2-months 1.4030 1.4044 3-months 1.4040 1.4054 6-months 1.4069 1.4085 Source: OCBC22 words
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EQUITY BONDS WARRANTS FUTURES
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Article386 2016-02-17 11 Feb 16 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Feb16 8705.00 9015.00 8700.00 8940.00 *****2 *****4 Mar16 8612.50 8920.00 8582.50 8845.00 ***** ***** NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 *****6 *****1 Jun16 *****.00 *****.00 *****.00 *****.00 209 9798 MSCI TAIWAN386 words
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205 2016-02-17 11 Most active Feb 16 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Secura Group W*****5 2.7 unch ***** 1 35 75 7.96 35 UOB MB eCW*****5 9.6 -0.4 ***** 0.1 1890 5 DBS MB eCW*****4 15.3 1.8 ***** 0.1205 words
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377 2016-02-17 11 In local curr In S$ In US$ dy yr dy yr dy yr Feb 15 Index Change Change Change Change Change Change World Preliminary 1148.6 1.4 -10.1 1.4 -10.7 1.2 -9.6 EAFE Preliminary 894.4 3.9 -11.7 3.4 -11.5 3.1 -10.3 Europe Preliminary 1266.7 2.7 -10.3377 words
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BANK RATES
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Article154 2016-02-17 11 Feb 16 $S Offer Bid 0vernight 0.05 Par 1-month 1.12 1.000 2-months 1.1875 1.0625 3-months 1.2500 1.1250 Overnight mode: 0.35 US$ Offer Bid 7 days 0.45 0.35 1 month 0.48 0.38 2 months 0.65 0.45 3 months 0.75 0.55 6 months 1.00 0.80 9 months 1.20 1.00 12154 words
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Article65 2016-02-17 11 Feb 16 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.5 5-Year NX*****X 2.250 01-Jun-21 101.93 10-Year NX*****Z 2.375 01-Jun-25 101.12 101.45 101.20 15-Year NZ*****F 2.875 01-Sep-30 103.21 103.50 103.37 20-Year NZ*****V 3.375 01-Sep-33 109.91 110.14 109.90 30-Year NA*****N65 words
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AGRI METALS ENERGY
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Article249 2016-02-17 11 Feb-15 Price Net change change Last Trade Asriwflunl no-12 CBO? Swbeals NS writs/m,Il 372.75 0.75 0 09% 14/03/2016 E801’ Suyoeau Oil (u'i‘cerns»'Iu) 31 80 0.21 am I4/O34‘Z0To caor Wheal (us oems/bu) A515!) 4)‘ :5 4). mm; In/(:3/rnva. FORMS u_F\=E >cna3a Lmonnm 2u:sI.t:u Azam I 12-. wtxwma llWECDfiE&llL~S¥It!m'»eI M249 words
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Article1675 2016-02-17 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld 153 127 AIMSAMP Cap Reit 131 -0.5 763 132.5 130 1 8.5 832.3 MCap 175.5 101 ARA Asset Mgmt 104.5cd -1.5 307 106.5 104 1.71,675 words
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Article265 2016-02-17 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol ('000) High Day Low Div C'vr GrYld Net P/E MCap 35 10 t 3Cnergy 10.1 29.5 16.7 t CNMC Goldmine 21.5 -1.5 640 23 21 5.9 2.5265 words
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Article105 2016-02-17 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 4258 2355 DBXT China50 US$ US2510 +63 0 2530 2510 6.9 Day 1750 995 DBXT MSCHINA US$ US1054 +20 7 1054 1054 6246 4478 DBXT MSKorea US$105 words
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Advertisement254 2016-02-17 7 fmg FMG CORPORATE SERVICES PTE LTD Formation I Compliance Advisory We help you set up your company anywhere with speed and ease •y Manage your local and global compliance Facilitate bank account opening •y Assist with government grants and licenses Support with recruitment, HR advisory and work pass applications •y254 words
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Advertisement278 2016-02-17 8 InvestorRelationsHighlights Accordia Golf Trust’s 3Q FY15/16 DPU up 12.0% year-on-year Accordia Golf Trust (“AGT”) is the first business trust listed on the SGX-ST Mainboard on 1 August 2014. Its initial portfolio comprises 89 golf courses located in the three largest metropolitan areas in Japan. As at 31 December 2014, the278 words
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Advertisement139 2016-02-17 9 An initiative by T ripartite Alliance for Fair Progressive Employment Practices -A Ml** HOW CAN WORK-LIFE STRATEGY BOOST YOUR BUSINESS RESULTS? I I I Low Cheong Kee Founder Managing Director of Home-Fix D.I.Y. Pte Ltd PRODUC h Work-Life Strategy is a series of measures and initiatives that increases business productivity139 words
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Advertisement9 2016-02-17 10 For full listings of SGX prices, go to http://btd.sg/BTmkts9 words
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Advertisement80 2016-02-17 12 Enhanced SGX MSCI Singapore Index Futures it SMALLER,' 1 MORE PRECISE; t i sgx.com/derivatives/simsci Singapore Exchange This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or sell, nor financial advice or recommendation in relation to, any investment product. Advice should be80 words
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Article, Illustration1372 2016-02-17 13 SMU Professor of Accounting (Practice) Sum Yee Loong offers some fresh ideas on how to make Singapore more business-friendly and socially aware BE it scrapping generous tax breaks or re-imposing a form of income tax on the super-wealthy, Singapore Management University’s (SMU) Sum Yee Loong1,372 words
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Advertisement224 2016-02-17 13 A Special Feature Brought to You By Singapore Management University SMU MASTER OF PROFESSIONAL ACCOUNTING Opens Up a World of Opportunity Accounting is the language of business. Anyone seeking career advancement and professional growth will benefit from the SMU Master of Professional Accounting (MPA). Designed to develop your technical accounting224 words
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REAL ESTATE
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295 2016-02-17 14 Kenneth Lim - AccorHotels will run both under So Sofitel brand By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore REAL estate developer Oxley Holdings will launch a 207-room hotel and a 590-key serviced residence in Kuala Lumpur. The hotel and the residence will be operated by295 words
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Article, Illustration563 2016-02-17 14 AFP Hong Kong HONG Kong property tycoon Thomas Kwok and ex-deputy leader Rafael Hui had their appeal bids against graft convictions rejected on Tuesday as they faced serving out their jail time. The pair were found guilty of corruption in 2014AFP; PHOTOS: AFP - 563 words
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Article, Illustration739 2016-02-17 14 REUTERS Beijing CHINESE banks armed with fresh lending quotas extended a record 2.51 trillion yuan (S$ 540 billion) of new loans in January, far more than markets had expected, suggesting Beijing is keeping monetary policy loose to counter a protractedREUTERS; PHOTO: REUTERS - 739 words
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729 2016-02-17 14 BLOOMBERG New York VORNADO Realty Trust, one of the biggest owners of Manhattan office towers, and Silverstein Properties are among potential bidders for real estate offered by the Jehovah’s Witnesses in an area of Brooklyn that’s inBLOOMBERG - 729 words
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Page 14 Advertisements
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Advertisement144 2016-02-17 14 Hong Fok Group For Sale By Tender ADDRESS OF PROPERTY: No. 1 Tuas Basin Link Singapore *****5 LEGAL DESCRIPTION: Lot Nos.: 4497W Mukim 07 SITE AREA: 4,550 sq.m 48,976.20 sq.ft. GROSS FLOOR AREA: 2,389 sq.m 25,715.20 sq.ft. TITLE: 30 30 Years Leasehold w.e.f 16 Jul 1994 MASTER PLAN 2014: Zoning:144 words
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BANKING & FINANCE
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Article, Illustration968 2016-02-17 15 From 2003-2006, UK bank avoided or delayed paying about £1b in taxes using “sale-and-leaseback” deals BLOOMBERG London IT’S the kind of magic worthy of a graduate of Hogwarts School of Witchcraft and Wizardry: Royal Bank of Scotland Group Plc (RBS)BLOOMBERG; FILE PHOTO - 968 words
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400 2016-02-17 15 REUTERS Sydney NATIONAL Australia Bank, the country’s No 1 lender by assets, on Tuesday reported an 8 per cent rise in first-quarter unaudited cash profit on better lending volumes and stronger results from its wealth division. NAB posted unaudited cash earnings ofREUTERS - 400 words
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634 2016-02-17 15 BLOOMBERG Tokyo THE world’s biggest pension fund has two good reasons to extend its switch from bonds into stocks: sovereign debt with negative yields and a plunge in equities that cut valuations to a three-year low. Credit Agricole SABLOOMBERG - 634 words
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Page 15 Advertisements
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Advertisement360 2016-02-17 15 i El X -V. m V HEART TO HEART TALK Diagnosis Treatment Prevention Learn about your heart’s health and how to take better care of your heart. Led by Dr Michael Lim, internationally renowned Interventional cardiologist and regular contributor of “Health” articles featured in The Business Times Weekend every fortnight.360 words
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ENERGY & COMMODITIES
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537 2016-02-17 16 The biggest grain trader seeks to meet demand for seafood that’s growing faster than for beef, poultry or pork BLOOMBERG London A FIFTH year of fishmeal shortages is leading to a rush of mergers and acquisitions (M&As) as companies including CargillBLOOMBERG - 537 words
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Article, Illustration502 2016-02-17 16 BLOOMBERG London THE world’s biggest offshore windpower market may be about to get even bigger as three companies decide whether they’ll commit 7.5 billion euros (S$ 11.7 billion) to raise the UK’s installed offshore capacity by more than a third. Mainstream RenewableBLOOMBERG; PHOTO: BLOOMBERG - 502 words
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557 2016-02-17 16 BLOOMBERG Oslo TIMING the bottom of the oil rout has proven difficult for Norwegian private equity investors. Investments of 1.67 billion kroner (S$272.3 million) by HitecVision AS and Ferd AS in offshore-platform builder Kvaerner ASA, accommoda-tion-rig operatorBLOOMBERG - 557 words
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696 2016-02-17 16 REUTERS Vancouver NEW technology is helping miners cut costs to survive the worst downturn in commodity prices in nearly two decades, which is good news for companies that might otherwise have gone to the wall, not so good for an industryREUTERS - 696 words
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Page 16 Advertisements
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Advertisement142 2016-02-17 16 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF INVICTUS XPERIMENT PTE LTD (In Members'Voluntary Liquidation) Reg No. *****6531 R NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies142 words
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Advertisement186 2016-02-17 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF LITE-ON JAPAN (S) PTE. LTD. (IN MEMBER'S VOLUNTARY LIQUIDATION! (Company Registration No. *****0588K) NOTICE OF FINAL MEETING Notice is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, the Final Meeting of186 words
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Advertisement156 2016-02-17 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF DAIWA PLASTICS (S) PTE LTD Company Registration No. *****5492W (IN MEMBER’S VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308(1) of the Companies Act Cap. 50 that a Final Meeting156 words
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Advertisement15 2016-02-17 16 Brand Your Assets Call 1800 289 8822 or e-mail notices@sph.com.sg to publicise your Financial Statements15 words
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TECHNOLOGY
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757 2016-02-17 17 Merged company can help the trio save on research and development and scale production in a shrinking market BLOOMBERG Tokyo VAIO Corp, the personal computer maker spun off from Sony Corp in 2014, is closing in on a three-way mergerBLOOMBERG - 757 words
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Article, Illustration565 2016-02-17 17 WP Washington IT was a terrible week for Facebook in India. India’s telecom regulator dealt the first major blow to the social media giant’s effort to provide low-cost Internet to the poor last Monday effectively banning its Free Basics application andWP - 565 words
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659 2016-02-17 17 AFP Vancouver The “captain of moonshots” at Google parent company Alphabet sees widespread, world-changing wireless Internet on the horizon. Astro Teller, head of the boundary-pushing X research team, shared his vision of the future during a talk at the TED ConferenceAFP - 659 words
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Page 17 Advertisements
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Advertisement253 2016-02-17 17 Wine, ■ne Hospitality as -T ■>>. Sir 99 >.-x- •>* >*£»<CL Sfc! M *> Executively Yours Crafted to bring you a seamless, epicurean experience, the Lobby Lounge is delighted to introduce its three-course Executive Smart Lunch and Signature Set Dinner. Priced at $28 per person, the Executive Smart Lunch begins253 words
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CONSUMER
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561 2016-02-17 18 Gambling takings have plunged for 20 straight months following Beijing’s crackdown on corruption and the slowing economy BLOOMBERG Hong Kong MAINLAND Chinese tourists poured into Macau in greater numbers during the week-long Chinese New Year holiday, even as many shunned neighbouring HongBLOOMBERG - 561 words
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257 2016-02-17 18 BLOOMBERG Mumbai INDIA said it may seize Vodafone Group Plc’s assets in the country if the company doesn’t pay a disputed 142 billion rupee (S$2.9 billion) tax bill that’s still undergoing international arbitration proceedings, according to a copy ofBLOOMBERG - 257 words
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Article, Illustration754 2016-02-17 18 AFP Gallipoli, Italy ITALIAN olive grower Federico Manni is at the end of his tether. “You see this one,” he says, waving in the direction of a majestic but diseased olive tree on his property near Gallipoli on the Salento peninsula onAFP; PHOTO: AFP - 754 words
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Article, Illustration1072 2016-02-17 18 BLOOMBERG New York BEFORE it became known as a deadly virus, Zika was just a lush forest on the north shores of Lake Victoria, a quiet sanctuary across from Tanzania and its gold mines. These days, the virusBLOOMBERG; PHOTO: REUTERS - 1,072 words
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Page 18 Advertisements
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Advertisement48 2016-02-17 18 FREE ADMISSION 2016 THE LARGEST I.T., DIGITAL, MOBILE CONSUMER ELECTRONICS EXHIBITION IN SINGAPORE! PRE ORDER LIMITED-TIME OFFERS FROM 22 FEB! BEST BARGAINS ARE GOING ONLINE! PLUS, SHOW HIGHLIGHTS! STARBUYS TRADE-IN TECH SHOWCASE GAMEX BRAND TIME IT SHOW BABES CONTEST 10-13MARCHSUNTEC SINGAPORE ComexITShow www.itshow.com.sg TEL: 6747 4620 ORGANISED BY:48 words
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TRANSPORT
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893 2016-02-17 19 DAVID HUGHES - Much lower marine fuel prices are reducing big container ships’ cost advantages. So are we on the verge of seeing another “(Ever)green revolution”? STRAIT TALK BY DAVID HUGHES EVEN for those of us who have been in the shipping industry a while, 1968893 words
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Article, Illustration757 2016-02-17 19 AFP Montreal WITH sales of its new CSeries jetliner failing to take off and a sinking share price, despite a multibillion-dollar government cash injection, the horizon is darkening for Bombardier. Suddenly, the Canadian manufacturer’s dream going head to head with the workhorsesAFP; PHOTO: REUTERS - 757 words
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Article, Illustration469 2016-02-17 19 BLOOMBERG Jakarta INDONESIA will purchase around 400 locomotive engines from either General Electric Co or Electro- Motive Diesel Inc as it expands its rail network, the country’s transport minister said. The government’s progress towards a target of building 3,258BLOOMBERG - 469 words
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Page 19 Advertisements
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Advertisement311 2016-02-17 19 How to precisely time your entry and exit and ride the trend of any stock, maximizing profits and protecting losses? Join Joey in this powerful workshop where he will reveal the step-by-step process of trend trading. Discover insider secrets of employing KEY trend indicators, trending price action, cutting edge techniques311 words
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Advertisement17 2016-02-17 19 SINGAPORE CHRONICLES By the experts, for everyone. On sale at $16 at all major bookstores and www.stpressbooks.com.sg17 words
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GOVERNMENT & ECONOMY
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Article, Illustration986 2016-02-17 20 PBOC will step up disposal of bad assets and guide banks to boost lending BLOOMBERG Beijing CHINA is stepping up support for the economy by ramping up spending and considering new measures to boost bank lending. For a start, the centralBLOOMBERG; PHOTO: REUTERS - 986 words
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Article, Illustration484 2016-02-17 20 BLOOMBERG London INVESTORS are expecting Mario Draghi to deliver more stimulus and not disappoint them for a second time. With the European Central Bank president set to give his next policy announcement on March 10, traders are positioned for a monetary-easing bonanza judgingBLOOMBERG - 484 words
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255 2016-02-17 20 AFP Kuala Lumpur MALAYSIA is lurching towards autocracy as the government moves to silence allegations of massive graft linked to the premier, Transparency International said on Tuesday, calling for international pressure to prevent a cover-up. “Transparency International is concerned that MalaysiaAFP - 255 words
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807 2016-02-17 20 REUTERS Tokyo THE Bank of Japan’s (BOJ) negative interest rates came into effect on Tuesday in a radical plan already deemed a failure by financial markets, highlighting Tokyo’s lack of options to spur growth as global markets sputter. The central bank, whichREUTERS - 807 words
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318 2016-02-17 21 REUTERS Jakarta THE Indonesian government plans to form a holding company that will own shares in all of the country’s state-controlled banks by 2018 in a bid to make lenders more efficient and boost equity, an official at theREUTERS - 318 words
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Article, Illustration885 2016-02-17 21 Foreign investors needed to be convinced the government is serious on reform; domestic firms must start competing internationally REUTERS Cilegon, Indonesia AT a factory surrounded by towering steel mills on the west side of Indonesia’s Java island, German engineering giant Siemens isREUTERS; PHOTO: REUTERS - 885 words
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Page 20 Advertisements
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Advertisement47 2016-02-17 20 Have a BIG IDEA? Stand a chance to get over $30k of cash plus support for your business idea. You will be backed by Asia's leading media organisation, Silicon Valley's global accelerator and Singapore government's premier technology fund. Apply to our Programme today! http://sphplugandplay.com I PLU( spla47 words
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Page 21 Advertisements
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Advertisement27 2016-02-17 21 LEADING CHOICE. At different stages of your career, there is only STJobs, your one-stop career portal. Unleash your potential. STJOBS I G© STJobs.sg f v f 427 words
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OPINION
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600 2016-02-17 22 EDITORIAL FAMILIES are always imperfect, often troublesome and never fuss-free. Yet families also offer support in times of need and share their wealth in times of abundance. Families that work show that the whole can be better than the sum of600 words
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Article, Illustration1090 2016-02-17 22 HARISH MEHTA - With US cultural dominance challenged by Russia, there is a need to reconceptualise its foreign policy with a stronger emphasis on popular and consumer culture. BY HARISH MEHTA culture.BY HARISH MEHTA T The writer is a historian who has taught at Canadian universities. ThisPHOTO: REUTERS - 1,090 words
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Article, Illustration820 2016-02-17 22 Frank Ching - THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 FOUR months after Chinese President Xi Jinping’s visit to the United Kingdom was hailed by both countries as heralding820 words
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Article, Illustration1121 2016-02-17 23 Anthony Rowley - COMMENTARY By Anthony Rowley Tokyo WE often hear the term “supply and demand” in discussions on economic. If the two are in balance, an economy is likely to be stable, but if there is excess supply and not enough demand (or vice-versa), things1,121 words
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789 2016-02-17 23 Eric Gan - COMMENTARY By Eric Gan T The writer is director, capability development department, at the Intellectual Property Office of Singapore ON Dec 31 2015, a historical milestone was reached with the establishment of the Asean Economic Community (AEC). The AEC seeks to integrate diverse789 words
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Article, Illustration1133 2016-02-17 23 ANDREW HAMMOND - The concern is that a Britain that would not punch so strongly on the world stage would also be less able to bolster international security and economic prosperity. BY ANDREW HAMMOND prosperity.BY ANDREW HAMMOND TThe writer isPHOTO: BLOOMBERG - 1,133 words
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Page 24 Advertisements
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Advertisement1994 2016-02-17 24 The Business Times Wednesday, February 17, 2016 C a i l a n B r i s b a n e E n n o Shanghai Chittagong r e J e d d a h Ho Chi Minh H o n g J e b e K o n g1,994 words
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Advertisement245 2016-02-17 24 ENG LEE SHIPPING CO PTE LTD Tel: *****222 (10 Lines) Fax: *****174/*****960 Website: www.englee.com.sg/Email: marketing@englee.com.sg CR No: **********0C REGULAR FEEDER SERVICES TO INDONESIAN (DE1) VESSEL VOY SIN ETA SIN ETD DESTINATION FREQUENCY Marco Polo 122 BST057 07/02/2016 08/02/2016 Buatan/Buatan DAILY Marco Polo 118 PRW274 07/02/2016 08/02/2016 Perawang/Perawang DAILY Marco Polo245 words
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LIFE & CULTURE
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Article, Illustration992 2016-02-17 25 Only eight competitive Grammys were announced on the three-and-half hour show NYT New York TO belt, to dance, to rap or to mourn? The 58th annual Grammy Awards cycled through those modes on Monday night In its live broadcast from the Staples Center.NYT; . PHOTOS: REUTERS; Photos: AFP, Reuters - 992 words
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Article, Illustration760 2016-02-17 25 AFP Kuala Lumpur HUFFING and puffing, sweat-soaked Malaysian police officer Mohamad Ra’ayim Jemahir strains in hot pursuit of an elusive quarry: a fit physique. Panting on an exercise bike, the 102-kil-ogramme Mr Ra’ayim is among thousands of overweight Malaysian officers who have been orderedAFP; PHOTO: AFP - 760 words
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Page 25 Miscellaneous
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Miscellaneous313 2016-02-17 25 CRYPTIC CROSSWORD Across 1 Place almost packed parking in it is unpleasant (8) 6 Present oneself with a soft fruit (6) 9 Offer that is about right, or one below par? (6) 10 The settlement is due to him (8) 11 Church manses converted for bishop, say (8) 12 Relate313 words
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EXECUTIVE MONEY
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Article, Illustration1167 2016-02-17 26 Jeff Sommer - As a market indicator, a wave of dividend cuts is an indication that many companies are troubled By Jeff Sommer NYT COCA-COLA pays steady dividends. It has done so since 1920. In fact, it has increased its dividend in each of the last 50NYT; PHOTO: BLOOMBERG - 1,167 words
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Article, Illustration1066 2016-02-17 26 Ron Lieber - By Ron Lieber NYT New York IT’S time you got to know yourself a little better. And the time is now, when the stock market has been mostly falling, the talking heads are raising their voices, and your friends whoNYT; ROBERT NEUBECKER/THE NEW YORK TIMES - 1,066 words
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Page 26 Advertisements
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Advertisement89 2016-02-17 26 emirates.com/sg Make friends in high places Rub shoulders with some of the most interesting people on the planet at 40,000 feet. Enjoy good company, sparkling conversation and surprising service in our A380 Onboard Lounge. Fly the Emirates A380 to over 35 destinations worldwide Destinations include Amsterdam, Barcelona, Jeddah, London, Los89 words
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