The Business Times, 25 October 2016
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2016-10-25
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The Business Times
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Title Section22 2016-10-25 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes MCI (P) 052/08/2016 S$1.20 CO REGN NO *****2868E Tuesday, October 25, 201622 words
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Article, Illustration224 2016-10-25 1 Pavilion Energy and Shell are appointed to supply Singapore with the next tranche of liquefied natural gas needed by power plants and industries here. TOP STORIES 2 Construction firms and small and mid-cap stocks come into focus as perceived beneficiaries of Malaysia’s Budget 2017. TOP STORIES 4 Swissco224 words
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Article, Illustration972 2016-10-25 1 Andrea Soh - Down the road, consumers will manage their own demand for power more actively, and solar power and batteries will be integrated with the grid By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SINGAPORE is laying the foundation for a vastly different power sector one972 words
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635 2016-10-25 1 Claire Huang - By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore THE practice of insurance agents getting a fee for referring patients to either doctors or medical concierges has triggered a warning from the Life Insurance Association Singapore (LIA Singapore). Industry sources told The Business Times that635 words
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Article, Illustration611 2016-10-25 1 Chuang Peck Ming - SINGAPORE’S FUTURE ECONOMY By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore GREATER economic uncertainty may be on the horizon, but young Singaporeans today are better equipped and in a better position to build a better tomorrow, Prime Minister Lee Hsien Loong said611 words
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Article27 2016-10-25 1 Monday Change STI 2,856.68 +25.62 KL COMP 1,677.76 +7.78 NIKKEI 225 17,234.42 +49.83 HANG SENG 23,604.08 +229.68 SHENZHEN B 1,180.23 +14.57 DOW (11:45 EDT) 18,241.07 +95.3627 words
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Page 1 Advertisements
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Advertisement5 2016-10-25 1 *****1 *****1 THE BUSINESS TIMES5 words
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Advertisement8 2016-10-25 1 PRIVATE EDUCATION MDIS forging new frontiers SME 268 words
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Advertisement24 2016-10-25 1 HOCK LOCK SIEW Singapore’s O&M crisis separates the men from the boys companies markets 6 PHILIPPINE-CHINA TIES Philippine president playing with fire OPINION 2224 words
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TOP STORIES
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Article, Illustration798 2016-10-25 2 Andrea Soh - Singapore gas consumers will benefit from new and improved terms offered, says MTI’s Iswaran By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore PAVILION Energy and Shell have been appointed to supply Singapore with the next tranche of liquefied natural gas (LNG) needed by powerFILE PHOTO - 798 words
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496 2016-10-25 2 Jacquelyn Cheok - Research to focus on 4 areas, including predictive security analytics and systems based on quantum technology By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore CYBERSECURITY is having its moment in Singapore. On Monday, Deputy Prime Minister Teo Chee Hean launched the NUS-Singtel Cyber Security Lab,496 words
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601 2016-10-25 4 Pauline Ng - But market trading generally unaffected by unveiling of Budget 2017 KL BUDGET By Pauline Ng btworld@sph.com.sg Kuala Lumpur CONSTRUCTION companies and a number of small and mid-cap stocks came under focus in the market on Monday, with both segments perceived by investors601 words
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Article, Illustration390 2016-10-25 4 Singapore Singapore Airlines (SIA) launched its direct flights to San Francisco on Sunday, marking the return of its non-stop flights to the United States. The inaugural flight SQ32 departed from Changi Airport at 9.25am on Sunday and arrived at San Francisco390 words
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287 2016-10-25 4 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT @Nisha_BT Singapore CHANGI Airport handled 43.5 million passengers in the first nine months of this year, representing a growth of 6.2 per cent over the same period in 2015. Aircraft take-offs and landings were also higher,287 words
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Article, Illustration222 2016-10-25 4 KELLY TAY - Singapore’s headline inflation rate stayed in negative territory for the 23rd straight month in September coming in exactly in line with expectations for a -0.2% year-on-year reading. This was a slightly smaller decline than August’s -0.3%, and was largely due to a more modest fall in private transportSource: Department of Statistics; Source: MA, MTI estimates - 222 words
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Article, Illustration712 2016-10-25 4 Anthony Rowley - By Anthony Rowley btworld@sph.com.sg Tokyo THE Bank of Japan (BOJ) has acknowledged that its aggressive monetary easing tactics have eaten away the lending margins of banks and could send them into a lending scramble aimed at making up for declining income.PHOTO: REUTERS - 712 words
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Article, Illustration1284 2016-10-25 5 A crowded trade in longer maturities is causing more downside and very little upside for bond prices BLOOMBERG New York THE hottest craze in fixed income is at risk of overheating. A headlong rush into higher-yielding, long-term bonds inBLOOMBERG; PHOTO: REUTERS - 1,284 words
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Advertisement28 2016-10-25 2 UITS r- v v m ■r t ki I ■/>* ‘I 4 u 1 V-I < <'► v mm .fcc :£5 r ft** r i. m su PPL' ION ORCHARD 1528 words
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Advertisement410 2016-10-25 2 h e-c <yz l Financial Reporting Update IS Preparing for the next wave of changes Al, Thursday, 24 November 2016 9:00 a.m. to 5:00 p.m. (Registration will start from 8:30 a.m.) EY Building a better working world The next wave of accounting changes and reporting developments are critical for Singapore410 words
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Advertisement116 2016-10-25 5 Opening bell in Sydney, Tokyo, and London Start trading wherever you are. 1 1 1 < <, v\ 7/ ,M V ''ill'' SYDNEY ''Mil'' TOKYO .V Mill'' LONDON ■4 If I 7 ass -i Trade online with DBS Vickers Securities in 3 new equity markets with a wealth of digital116 words
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COMPANIES & MARKETS
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662 2016-10-25 6 ANITA GABRIEL - HOCK LOCK SIEW BY ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT AS cheap oil whacks the cash flow of Singapore’s offshore and marine firms and cripple their ability to pay debt, two hallmarks speed and deliberateness are separating the men from the boys as662 words
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885 2016-10-25 6 Tan Hwee Hwee - By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SWISSCO Holdings’ assets need to be marked to market if it hopes to pull through the prolonged crisis facing the offshore and marine sector, says its chairman Lim How Teck. And this calls for885 words
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501 2016-10-25 8 Melissa Tan - It cites weaker intra-Asia trade, Brexit and shipping industry’s structural changes as contributory factors By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore WEAKER intra-Asia trade, dampened consumer sentiment from Brexit and structural changes in the shipping industry eroded third-quarter earnings at Hutchison Port Holdings Trust (HPH501 words
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Article, Illustration346 2016-10-25 8 Lynette Khoo - HOT STOCK By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore SHARES of Equation Summit surged 43 per cent on Monday on news of four new investors, including a fund management firm and a veteran Chinese businessman, entering the fray through private placement. This wasSource: Bloomberg - 346 words
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796 2016-10-25 8 Nick Caldwell - S’pore is in a good position to learn from experience and embrace change FINTECH CONSIDERED By Nick Caldwell T The writer is the managing director of CapBridge, an online platform that enables growth companies to raise capital from a global pool796 words
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497 2016-10-25 8 Cai Haoxiang - By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore MAPLETREE Logistics Trust (MLT) has highlighted a challenging leasing outlook for several of its single-tenanted industrial properties, even as it maintained its distribution per unit (DPU) at 1.86 Singapore cents for its fiscal second quarter ended497 words
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673 2016-10-25 8 BLOOMBERG Mumbai THE Indian rupee’s longest losing streak since May masks growing confidence among global investors in Prime Minister Narendra Modi’s management of the world’s fastest growing major economy. A combination of high yields, improving public finances andBLOOMBERG - 673 words
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CORPORATE DIGEST
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Article55 2016-10-25 8 A JOINT venture of logistics solutions provider Vibrant Group’s subsidiary has acquired a mixed-use parcel of land with a 70-year lease in eastern China for 225 million yuan (S$46.2 million). The 30,249 square-metre plot is a mixed residential and commercial development site in the city of Jiangyin in55 words
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Article60 2016-10-25 8 INVESTMENT holding company GK Goh Holdings said subsidiary Canistel Pte Ltd has won a tender for a land parcel at Venus Drive near Upper Thomson Road. The company bid S$24.3 million. It plans to develop a nursing home on the land “with a differentiated product that widens the60 words
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Article86 2016-10-25 8 STARHILL Global real estate investment trust (Reit) said its Reit manager has made some changes to its board with effect from Nov 1. Keith Tay Ah Kee, 72, has resigned as lead independent nonexecutive director and chairman of the audit committee, following his reaching the nine-year mark86 words
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Article66 2016-10-25 8 PROPERTY group GL Limited, the former GuocoLeisure, said net profit for its first quarter ended Sept 30 was US$11 million, down 65 per cent from US$31.4 million a year ago. Revenue was down 15 per cent to US$97.8 million from US$115.1 million a year ago. Lower revenue was66 words
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Article57 2016-10-25 8 property developer GuocoLand Limited reported net profit of S$25.6 million for its first quarter ended Sept 30, down 95 per cent from S$516.5 million a year ago when it registered “other income” of S$561.3 million stemming from the disposal of subsidiaries relating to a project. Revenue was57 words
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571 2016-10-25 9 Lynette Khoo - Catalist-listed SHC Capital Asia will have dedicated management team and will invest further in Myanmar By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore YOMA Strategic Holdings is spinning off its tourism-related business as part of a reverse takeover of Catal-ist-listed SHC Capital Asia.571 words
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417 2016-10-25 9 Claire Huang - By huangjy@sph.com.sg Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore HIGHER patient load from an expanding clinic network has helped lift Raffles Medical Group’s third quarter ended Sept 30, 2016 net profit by four per cent to S$16.2 million, from S$ 15.6 million a year417 words
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Article, Illustration681 2016-10-25 9 David Fogarty - This is the first of a three-part series on the impact of water shortages around the world WATER IS LUXURY By David Fogarty Assistant Foreign Editor The Straits Times Singapore EVERY year during the wet season, millions of Cambodians are surroundedPHOTO: BLOOMBERG - 681 words
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541 2016-10-25 9 Kenneth Lim - By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore MERGER and acquisition (M&A) activity in South-east Asia is on track to post its first increase since 2013 as an uptick in intraregional deals offset a slowdown in transactions with out-of-region entities, according to541 words
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286 2016-10-25 9 David Fogarty - By David Fogarty SCARCE Only 2.5 per cent of the water on earth is fresh. And of that, just 1 per cent is easily accessible, with much of the rest trapped in ice caps and glaciers. That means only 0.007 per cent of the planet’s water286 words
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Article, Illustration32 2016-10-25 10 STI Catalist Straits Times index Oct 24,2016 2,856.68 +25.62 (+0.90%) Current streak 1 day Day high 2,857.26 Day low 2,834.07 52-week high 3,083.07 (Oct 26, 2015) 52-week low 2,532.70 (Jan 21, 2016)32 words
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Article, Illustration644 2016-10-25 10 Anita Gabriel - Traders will be closely watching the local corporate earnings season this week STOCKS By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT THE local stock market eked out gains on listless trading on Monday alongside other key Asian bourses following last Friday’s flat showing at Wall Street.Source: Bloomberg - 644 words
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Article306 2016-10-25 10 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 244 cd +4 244/241 257 209 6.3 6795.8 CapitaCom Trust 161 +1.5 161/159 164 127 5.4 4769.7 CapitaLand 317 +5 318/313 340 280 12.7 2.8 *****.4 CapitaMall Trust 215 cd +4 215/212306 words
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Article37 2016-10-25 10 VOLUME Equation W*****2 479,432,300 LionGold 121,907,500 Equation 104,372,500 Jasper Inv 70,643,400 China Med Intl 66,046,000 Market volume 2,581,760,000 VALUE Singtel 56,305,688 UOB 45,767,600 DBS Grp 42,878,431 OCBC Bank 39,684,055 Wilmar Intl 27,243,595 Market value 822,783,00037 words
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Article110 2016-10-25 10 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US733 -1 484 735/732 772/575 733/735 91.6 Nikko AM STI ETF 295 +2 481 296/295 320/259 296/297 7.1 STI ETF 290 +2 130 290/288 314/254 290/291 DBXT MSRussia US$ US214 41 214/213110 words
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Article77 2016-10-25 10 Oct 24 VALUE CLOSE BT OB/OS -316.00 +44.00 BT CADI -*****.00 +61.00 BT 10-day MA -*****.00 -31.00 FTSE ST Mid Cap 695.60 +2.27 FTSE ST Small Cap 388.46 +1.58 FTSE ST All Share 704.78 +5.45 FTSE ST China Top 160.14 +1.51 FTSE ST China 197.88 +2.16 FTSE77 words
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Article, Illustration35 2016-10-25 10 STI FTSE ST All-Share FTSE ST All-Share index Oct 24,2016 704.78 +5.45 (+0.78%) Current streak 1 day Day high 704.78 Day low 700.12 52-week high 743.17 (Oct 26, 2015) 52-week low 625.37 (Jan 21, 2016)35 words
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Article, Illustration33 2016-10-25 10 STI MSCI EAFE MSCI EAFE index Oct 21,2016 1,672.45 -7.38 (-0.44%) Current streak 2 days Day high 1,680.43 Day low 1,670.60 52-week high 1,779.25 (Oct 26, 2015) 52-week low 1,492.43 (Feb 12, 2016)33 words
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Article186 2016-10-25 10 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 5 5 5 1 0 0 6 5 5 Manufacturing 33 38 28 11 6 11 44 44 39 Commerce 19 16 13 6 2 5 25 18 18 Tpt/Stor/Comms 13 9 6186 words
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Article123 2016-10-25 10 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 11,691 280 11,971 39,409 49 39,458 Manufacturing 110,426 374,700 485,126 100,297 8,026 108,323 Commerce 120,783 103,743 224,526 70,254 1,275 71,529 Tpt/Stor/Comms 67,394 430 67,824 122,377 39 122,416 Finance 34,865 3,138 38,003 156,146 455 156,601 Construction123 words
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Article103 2016-10-25 10 BY CENTS CLOSE UP 52w high/low DBXT MSKorea US$ 5800 102.9 1.3 6041/4629 DBXT AUDBonds AU$ ***** 100.9 0.4 *****/***** B&M Trustees 350 90.0 34.6 620/260 JMH USD 6100 69.6 0.8 6371/4500 JSH USD 3408 69.6 1.5 3425/2524 BY PERCENTAGE CLOSE UP 52w high/low Equation W*****2 0.2 100.0 0.1103 words
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Article79 2016-10-25 10 BY CENTS CLOSE DOWN 52w high/low Hyflux 6% CPS 9320 -50.0 -0.5 *****/9200 Full Apex 20 -40.0 -66.7 88/10 DBXT S&P Short US$ 1959 -22.3 -0.8 2362/1930 DBXT Nifty50 ETF10 ***** -19.5 -0.1 *****/***** DBXT Vietnam US$ 2426 -11.1 -0.3 2533/2017 BY PERCENTAGE CLOSE DOWN 52w high/low Full Apex79 words
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Article82 2016-10-25 10 VOL CLOSE($) CHANGE Full Apex 9.0 0.200 -0.400 -66.67 B&M Trustees 1.4 3.500 +0.900 +34.62 SHC Capital Asia 3,134.5 0.150 +0.034 +29.31 Equation 104,372.5 0.010 +0.003 +42.86 Progen 12.0 0.100 +0.032 +47.06 Sysma 20,124.8 0.101 +0.024 +31.17 Miyoshi 1,479.9 0.037 +0.011 +42.31 Asia Fashion 60.0 0.080 -0.010 -11.1182 words
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BROKERS’ TAKE
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Article159 2016-10-25 10 Cache Logistics Trust Hold (downgrade) Target price: S$0.85 Oct 24 close: S$0.865 OCBC Research, Oct 24 Cache Logistics Trust (CACHE) reported its 3Q16 results which fell short of our expectations. Gross revenue rose 21.2 per cent y-o-y to S$28.0 million, but DPU slipped 13.7 per cent 1.847 Singapore cents. Even159 words
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Article156 2016-10-25 10 Keppel Corporation Hold Target price: S$5.25 Oct 24 close: S$5.38 DBS Group Research, Oct 20 We believe Opec’s recent change in production stance could accelerate oil rebalancing and drive a recovery in rig market which remains a key re-rating catalyst. Property has taken over from O&M as Keppel’s largest earnings156 words
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Article181 2016-10-25 10 Andrea Soh - CapitaLand Mall Trust Hold Compiled by Andrea Soh Target price: s$2.20 Oct 24 close: S$2.15 CIMB Research, Oct 21 3Q/9MFY16 DPU of 2.78/8.25 S cents within expectations, making up 25/75 per cent of our FY16F forecast. Operations-wise, CT’s shopper traffic rose 2.9 per cent y-o-y in 9M16 while tenant sales181 words
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445 2016-10-25 11 CURRENCIES REUTERS London THE dollar hit a nine-month high against a basket of currencies on Monday, buoyed by expectations that the Federal Reserve will raise US interest rates this year and that Donald Trump will not become the USREUTERS - 445 words
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FOREX RATES
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Article471 2016-10-25 11 Oct 24 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.018 5.170 0.702 5.924 51.015 99.402 0.794 8.637 3.187 1.065 80.030 36.805 1.063 10.590 0.759 24.174 26.731 0.624 0.764 Canada 0.982 5.078471 words
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Article155 2016-10-25 11 Oct 24 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0623 1.0628 0.7637 0.7638 Canadian dollar 1.0433 1.0440 0.7503 0.7500 Euro 1.5141 1.5148 1.0885 1.0886 NZ dollar 0.9975 0.9985 0.7171 0.7176 Sterling pound 1.7030 1.7040 1.2243 1.2246155 words
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Article22 2016-10-25 11 Oct 24 S$ Bid Offer 1-month 1.3906 1.3914 2-months 1.3904 1.3911 3-months 1.3903 1.3910 6-months 1.3895 1.3904 Source: OCBC22 words
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EQUITY BONDS WARRANTS FUTURES
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Article390 2016-10-25 11 Oct 24 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Oct16 9822.50 *****.50 9807.50 *****.00 *****6 *****3 Nov16 9845.00 *****.50 9835.00 *****.00 *****2 ***** NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****0 Mar17 *****.00 *****.00 *****.00 *****.00 322 4210 MSCI TAIWAN390 words
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203 2016-10-25 11 Most active Oct 24 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Equation Summit LimitedW*****2 0.2 0.1 *****2 1 1 20 5.00 10 OCBC BK MB ECW*****6 6.1 0.8 4159 0.1 900 5 FTSEChinaA50 9500 MBePW*****9 9.4 -1.8 3293203 words
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377 2016-10-25 11 In local curr In S$ In US$ dy yr dy yr dy yr Oct 21 Index Change Change Change Change Change Change World Preliminary 1303.7 -0.1 2.0 -0.1 0.5 -0.3 2.2 EAFE Preliminary 987.0 -0.2 -2.6 -0.2 -4.2 -0.4 -2.6 Europe Preliminary 1417.6 -0.1 0.3377 words
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BANK RATES
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Article, Illustration154 2016-10-25 11 Rates quoted by Icap (S) Pte Ltd Oct 24 $S Offer Bid 0vernight 0.03 0.01 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.18 US$ Offer Bid 7 days 0.55 0.45 1 month 0.63 0.53 2 months 0.80 0.60 3 months 1.00 0.80 6 monthsRates quoted by Icap (S) Pte Ltd - 154 words
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Article69 2016-10-25 11 Oct 24 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 105.72 105.75 105.74 5-Year N*****0Z 1.250 01-Oct-21 99.66 99.67 99.55 10-Year NX*****F 2.125 01-Jun-26 102.62 102.85 102.60 15-Year NZ*****F 2.875 01-Sep-30 108.76 108.99 108.70 20-Year NZ*****X 2.250 01-Aug-36 99.8669 words
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AGRI METALS ENERGY
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Article250 2016-10-25 11 Oct-21 Price Net change change Last Trade Agricultural Oct-21 CBOT Soybeans (US cents/bu) 983.00 7.50 0.77% 14/11/2016 CBOT Soybean Oil (US cents/lb) 35.12 0.07 0.20% 14/12/2016 CBOT Wheat (US cents/bu) 414.50 -2.50 -0.60% 14/12/2016 Oct-21 LIFFE Cocoa (£/tonne) 2235.00 -2.00 -0.09% 13/12/2016 LIFFE Coffee (US$/tonne) 2128.00 33.00 1.58%250 words
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Article1658 2016-10-25 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld Net MCap 149 127 AIMSAMP Cap Reit 137.5 -0.5 590 139 137 0.9 8.3 876.3 LOW 144 101 ARA Asset Mgmt 134.5 +0.5 258 134.51,658 words
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Article290 2016-10-25 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net MCap 46.5 29.5 t Advancer Global 37.5 +0.5 104 38 37 14.9 64.9 LOW 16.2 4.5 t Alliance Mineral 12.3 +0.5 ***** 12.4 11.9 59.1290 words
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Article167 2016-10-25 12 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 1211 1061 CIMBASEAN40 S$D 1204 +39 0 1211 1204 vol 3268 2355 DBXT China50 US$ US3196 +40 9 3196 3142 8.8 116.2 97.5 DBXT MS SING US$ US112.1167 words
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Advertisement291 2016-10-25 6 Unwind in style with the all-new 2-in-i Business Times Weekend From Saturday 8 October, the weekend edition will feature a luxury lifestyle magazine called Weekend that will be your slick, up-to-the-minute guide to the best in fashion, travel, food, design and more. Get your news fix too with the refreshed291 words
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Advertisement5226 2016-10-25 7 THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. If Noteholders are in doubt about any aspect of the Proposal (as defined below) and/or the action they should take, they should seek their own advice immediately from their stockbroker, bank manager, solicitor, accountant, tax adviser or other independent5,226 words
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Advertisement9 2016-10-25 10 For full listings of SGX prices, go to http://btd.sg/BTmkts9 words
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Advertisement129 2016-10-25 12 Introducing Phillip SGX APAC Dividend Leaders REIT ETF Offering investors access to diversified regional high dividend REITs Stock Code: BYI (USD counter); BYJ (SGD counter) Launched on 20 October 2016 Singapore Exchange sgx.com/etf The Phillip SGX APAC Dividend Leaders REIT ETF is issued by Phillip Capital Management (S) Limited based129 words
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REAL ESTATE
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Article, Illustration755 2016-10-25 13 They’re also going for plots with building potential as about 70,000 jobs could leave the UK finance industry BLOOMBERG London A PROPERTY company managed by Schroders Plc is bidding for an office building in Frankfurt, anticipating the banking falloutBLOOMBERG; PHOTO: BLOOMBERG - 755 words
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516 2016-10-25 13 This trend is driven by the twin concerns of privacy and security BLOOMBERG New York JARDIM is the first New York project from Brazilian starchitect Isay Weinfeld: two, 11-storey buildings in Manhattan’s West Chelsea. Named after the Portuguese word for garden, the towersBLOOMBERG - 516 words
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747 2016-10-25 14 Lee Meixian - Oversupply and soft demand put pressure on office sector, while retail landlords see slower leasing and more shorter-tenure leases By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore OVERALL office rentals across Singapore continued to slide under the pressure of oversupply and lacklustre747 words
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266 2016-10-25 14 BLOOMBERG Sydney AUSTRALIAN states need to remove or simplify residential land planning regulations that have made homes “increasingly unaffordable” in the nation’s biggest cities, Treasurer Scott Morrison said. Insufficient land releases and complex development regulations must be addressed, Mr Morrison said in the textBLOOMBERG - 266 words
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266 2016-10-25 14 REUTERS Tokyo The Bank of Japan said on Monday it is closely monitoring bank lending to the real estate sector to guard against excessive credit that could lead to overheating and pose risks to financial stability. The BOJ does not currently see signsREUTERS - 266 words
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Page 13 Advertisements
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Advertisement295 2016-10-25 13 E-fur t-3 r-S IS «u» ■-ym i'd P 0, I ;T;; I sz Outline indicative only Rare Freehold Riverfront Development Site 1177 Serangoon Road For Sale By Tender Single Owner savills Site Area 2,945.5 sq m (31,705 sq ft) 2014 Master Plan Residential at GPR 2.8 Potential GFA 8,247.4 sq295 words
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Advertisement189 2016-10-25 13 Select furniture for your home or showcase your merchandise in CLASS 114 To advertise, call the Print Classified Hotline: 1800-289 9988 (®JLL RARE OPPORTUNITY TO OWN A PAIR OF FREEHOLD SHOPHOUSES IN THE HEART OF CHINATOWN Hi 'i'll Located along the charming Mosque Street Short walk to Chinatown Outram Park189 words
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Advertisement148 2016-10-25 13 PRIME COVETED 999-YEAR LEASEHOLD COMMERCIAL SHOPHOUSES ON AMOY STREET 4 units of 2-storey conservation shophouse with attic CUSHMAN WAKEFIELD Estate Agents Licence No: L*****33E am i ►23 LX®, I o o II 1 I Located within the Central Business District (CBD) and Telok Ayer Conservation Area Minutes’ walk from Tanjong148 words
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Advertisement70 2016-10-25 14 Learning Opportunities Anytime, Anywhere Finding difficulties devoting time for learning courses? Now, you can learn on the go with a wide variety of online courses by STJobs Learning. 1 J mA Software Business i Marketing Design w N A i I ■M l j Office Productivity Personal Development Embark on70 words
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BANKING & FINANCE
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Article, Illustration865 2016-10-25 15 Banks argue that rule to set aside US$6 of capital for every US$100 of assets on their books unnecessarily burdens short-term financing REUTERS Washington JUST as memories of the financial crisis are fading and tough new banking regulations are beginning to bite, some currentREUTERS; PHOTO: AFP - 865 words
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382 2016-10-25 15 REUTERS Sydney THE first cross-border transaction between banks using multiple blockchain applications has taken place, Commonwealth Bank of Australia and Wells Fargo Co said on Monday, resulting in a shipment of cotton to China from the US. Australian cotton trader BrighannREUTERS - 382 words
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Article, Illustration566 2016-10-25 15 REUTERS London BRITAIN’S major banks are set to report stronger-than-expected results this week, confounding expectations that political and economic upheaval caused by the vote to quit the European Union (EU) would immediately squeeze profits. Since the vote in June, shares in Royal BankREUTERS; PHOTOS: REUTERS , AFP - 566 words
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344 2016-10-25 15 REUTERS Beijing CHINA’S banking regulator plans to allow local governments to set up more asset management companies (AMCs) as part of a broader effort to manage corporate debt and reduce the growing volume of troubled bank loans that pose a riskREUTERS - 344 words
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Advertisement568 2016-10-25 15 NOTICES Tel 6289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg THE BVI BUSINESS COMPANIES ACT, 2004 Olympia Union Inc. Company No. *****35 (the “Company”) a BVI Business Company NOTICE OF LIQUIDATOR’S APPOINTMENT NOTICE IS HEREBY GIVEN pursuant to section 204 (1) (b) of the BVl Business Companies Act, 2004 that Tan Ley568 words
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ENERGY & COMMODITIES
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Article, Illustration844 2016-10-25 16 It says it should be exempted from cutting production, making it harder for the group to reach an output deal to stabilise oil markets BLOOMBERG Dubai OPEC’S (Organization of the Petroleum Exporting Countries) secondlargest producer threw an obstacle in the group’s path towards aBLOOMBERG; PHOTO: REUTERS - 844 words
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Article, Illustration650 2016-10-25 16 BLOOMBERG Cairo LAILA El-Sayed spent her afternoon searching grocery stores in Cairo’s bustling Dokki district on the banks of the Nile River for one thing: sugar. She managed to find two bags in a state-owned shop for 10 Egyptian pounds (S$1.57) perBLOOMBERG; PHOTO: REUTERS - 650 words
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321 2016-10-25 16 REUTERS Shanghai CHINESE coking coal and coke futures extended gains on Monday after capacity cuts in the country hit production, with a severe supply shortage expected to continue in the coming months. As part of its supply-side reform, China hasREUTERS - 321 words
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Advertisement667 2016-10-25 16 How do YOU plan to steer through one of the most volatile times ahead? Join us for two significant seminars that could help you shape your business for 2017: Economic Outlook; and Impact of the new US President on ASEAN Inc. Day 1 (Nov 15): Economic Outlook 2017 (9am to667 words
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TECHNOLOGY
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281 2016-10-25 17 BLOOMBERG Seoul A SOUTH Korean investment advisory firm is recommending that shareholders of Samsung Electronics Co vote against the nomination of vicechairman Jay Y Lee to the company’s board of directors, in what may be the first opposition to the heir-appar-ent’s ascension.BLOOMBERG - 281 words
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313 2016-10-25 17 BLOOMBERG Beijing CHINESE billionaire Jack Ma has proposed that the country’s top security bureau use big data to prevent crime, endorsing the country’s nascent effort to build unparalleled online surveillance of its billion-plus people. China’s data capabilities are virtuallyBLOOMBERG - 313 words
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402 2016-10-25 17 Galaxy Note 7 customers who trade in their recalled device for Galaxy S7 phone can trade up for Galaxy S8 or next year’s Note 8 smartphone REUTERS Seoul SAMSUNG Electronics is offering an upgrade programme option to Galaxy Note 7 customers in SouthREUTERS - 402 words
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Advertisement298 2016-10-25 17 2017: NewLeaders ASIA NewChallenges For November 29, 2016 8am to 2pm The Ritz-Carlton, Grand Ballroom The new year will see a new president in the White House and the emergence of China’s next generation of top-tier leaders. The Straits Times Global Outlook Forum examines how the leadership transitions will shape298 words
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CONSUMER
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293 2016-10-25 18 REUTERS Amsterdam DUTCH healthcare technology and services company Philips reported a 47 per cent jump in third-quarter earnings as sales and margins rose, but narrowly missed analysts’ estimates. Chief executive Frans van Houten said that the company expected further earnings improvements in theREUTERS - 293 words
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1143 2016-10-25 18 Philip Morris is rushing in its search for the magic bullet: cigarette substitutes that will sell but won’t kill BLOOMBERG New York YOU want a trip to Philip Morris International to feel like a visit to Marlboro Country. But theBLOOMBERG - 1,143 words
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Advertisement95 2016-10-25 18 Blow your own trumpet Buy new musical instruments or put up your old ones for sale in CLASS 72 To advertise, call the Print Classified Hotline: 1800-289 9988 SINGAPORE EXPO HALLS 4 5!29 30 OCT 2016 10AM TO 8PM!FREE ADMISSION The best time to buy a car. With all the95 words
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TRANSPORT
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Article, Illustration1018 2016-10-25 19 It wants to more than triple aftermarket sales to as much as US$50 billion over the next 10 years REUTERS Phoenix IN SEARCH of higher profit margins, Boeing Co is aiming to win more of the lucrative market for replacementREUTERS; PHOTO: REUTERS - 1,018 words
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441 2016-10-25 19 AFP Seoul SHARES in troubled South Korean shipping giant Hanjin plunged 12 per cent on Monday after the company announced plans to shutter its European business, fuelling fears that it could be heading towards liquidation. The company has applied for court approvalAFP - 441 words
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Article, Illustration861 2016-10-25 19 Chairman spent 30 years turning JR Kyushu into profitable venture through diversification BLOOMBERG Tokyo WHEN Kyushu Railway Co was formed almost thirty years ago, it was “hopeless” to think the company might one day go public, chairmanBLOOMBERG; PHOTO: BLOOMBERG - 861 words
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Advertisement106 2016-10-25 19 TENDER NOTICE Land Bank of Taiwan, Singapore Branch Land Bank of Taiwan, Singapore Branch invites tenders from Certified Companies for Corporate tax compliance work for the YA2017 and YA2018. Eligibility: Tenderers must be qualified by Accounting and Corporate Regulatory Authority Singapore (ACRA). Collection of Tender Specification: Tender Specifications are obtainable106 words
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Advertisement120 2016-10-25 19 NOTICES Te l 6 2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l a s s c o m s g THE120 words
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Advertisement71 2016-10-25 19 THE BVI BUSINESS COMPANIES ACT, 2004 NOTICE OF LIQUIDATOR’S APPOINTMENT NOTICE is hereby given pursuant to Section 204, subsection (1)(b) of the BVI Business Companies Act, 2004 that SUCCESSFUL ROAD CORPORATION is in voluntary liquidation. The voluntary liquidation commenced on 19 th October, 2016. The Liquidator of the Company is71 words
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GOVERNMENT & ECONOMY
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478 2016-10-25 20 BLOOMBERG Helsinki THE Nordic region’s only euro member is still struggling with austerity. After being stripped of its top AAA credit grade at all three major ratings companies, the government is asking Finns to tighten their belts to keep upBLOOMBERG - 478 words
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Article, Illustration765 2016-10-25 20 French-speaking Walloon region holds out, saying that the main problems are with the EU authorities REUTERS BLOOMBERG Brussels THE European Union’s hopes of signing a landmark free trade deal with Canada this week appeared to evaporate on Monday as the Belgian federal governmentREUTERS; BLOOMBERG; PHOTO: AFP - 765 words
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Article, Illustration613 2016-10-25 20 AFP Mumbai INDIA’S Tata Sons dumped Cyrus Mistry as its chairman in a surprise announcement Monday, almost four years after his appointment as the first chief of the conglomerate from outside the Tata family. The decision comes as the steel arm ofAFP; PHOTO: REUTERS - 613 words
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268 2016-10-25 20 BLOOMBERG Mumbai INDONESIA’S government must make it clear to errant taxpayers that an amnesty programme, which has revealed almost US$300 billion in undeclared assets, is the last chance to fix their affairs before full penalties are applied, the Organisation for Economic Co-operationBLOOMBERG - 268 words
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Article, Illustration309 2016-10-25 21 REUTERS London BARRIERS to cooperation between different countries’ financial regulators remain high, despite the shared nature of risks from rapid lending growth, Bank of England (BOE) deputy governor Minouche Shafik said on Monday. Ms Shafik, who is responsible for financial marketsREUTERS - 309 words
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434 2016-10-25 21 REUTERS London BUSINESS activity in the eurozone has expanded at the fastest rate this year in October, even as firms raise prices at the sharpest rate in more than five years, a survey showed on Monday. The upturn in both activity andREUTERS - 434 words
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345 2016-10-25 21 REUTERS Seoul SOUTH Korean President Park Geun-hye on Monday proposed amending the Constitution to allow presidents to serve multiple terms or to establish a parliamentary system, saying the single-term presidency has served its purpose after nearly 30 years. The presidency was limited to aREUTERS - 345 words
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445 2016-10-25 21 But shipment export volumes up 4.7 per cent in the year to September, the fastest gain in nearly two years REUTERS Tokyo JAPAN’S exports fell for a 12th straight month in September from a year earlier, official data showed, as theREUTERS - 445 words
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Page 20 Advertisements
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Advertisement222 2016-10-25 20 12 November 2016 (Sat) 10am 3pm How are Technical Analysis (TA) and Fundamental Analysis (FA) showing lagging indications? How to pick stocks from the Top 30 Volume The Most Powerful Chart (Hidden Buying vs Hidden Selling) Risk Management for Contra Trades Sneak Peek into Growth Stock like MM2 Learning Points222 words
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Advertisement25 2016-10-25 20 Reach for your dreams Get inspired by Joseph Schooling’s story. For big and little kids. COMING SOON On sale at all major bookstores and www.stpressbooks.com.sg25 words
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Advertisement50 2016-10-25 20 HOT PROPERTY OPEN-2PM THE Sunflower Office 1787sf Heritage bldg (FH) Ctrl-locale near Guillemard/MRT @$1.5M PAYA LEBAR SQ link MRT/ Various Sizes fr 484-4650 sf Vacant/ Tenancy, With/ Out GST Serious Seller 1,xxx psf LOOKING FOR AN OFFICE SPACE? Check out these properties and more in The Straits Times Classified now!50 words
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Advertisement24 2016-10-25 21 Everyonedeserves a great Weekend. The all-new Business Times Weekend. Out Every Sat. For advertising opportunities, call 1800 822 6382 or email us at mkgsales@sph.com.sg24 words
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OPINION
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Article, Illustration858 2016-10-25 22 Paul Krugman - THE BOTTOM LINE By Paul Krugman NYTIMES THE presidential campaign is entering its final weeks, and unless the polls are completely off, Donald Trump has very little chance of winning only 7 per cent, according to the Times’ Upshot model.NYTIMES - 858 words
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576 2016-10-25 22 EDITORIAL THE Health Ministry has always wanted to avoid a “buffet” syndrome when it comes to private health insurance under the Integrated Shield (IP) scheme. A buffet syndrome is one where policyholders over-consume health services, leading to outsized claims and insurance plans576 words
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Article, Illustration1406 2016-10-25 22 MURRAY HIEBERT - Duterte’s belligerence towards the US alters strategic environment, but China may not budge on South China Sea. BY MURRAY HIEBERT BY MURRAY HIEBERT T The writer is senior fellow and deputy director of the Sumitro Chair for Southeast Asian studies at the Center for strategicYALEGLOBAL ONLINE; PHOTO: REUTERS - 1,406 words
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1069 2016-10-25 23 G Panicker - COMMENTARY By G Panicker T The writer is a former BT journalist with a particular focus on energy and climate-change issues OPEC’s recent agreement to curb its runaway oil production is a capitulation to new energy and environmental realities. The group has lifted1,069 words
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628 2016-10-25 23 Paul Donovan - By Paul Donovan T The writer is global chief economist at UBS Wealth Management AT three in the morning, the day after the United Kingdom referendum on EU membership, I was on the UBS trading floor (where else would an economist be at three628 words
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Article, Illustration1190 2016-10-25 23 DIAAN-YI LIN - Keeping up to speed on automation, the new Gig Economy as well as new technologies and organisational models will be the way forward. BY DIAAN-YI LIN BY DIAAN-YI LIN T The writer is a senior partner at McKinsey Company andPHOTO: REUTERS - 1,190 words
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Page 22 Miscellaneous
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Miscellaneous134 2016-10-25 22 Singapore Press Holdings News Centre, 1000 Toa Payoh North, Podium Level 3, Singapore *****4 SPH 6319-6319 BT 6319-5360 FAX: 6319-8278 Customer service: 6388-3838 www.businesstimes.com.sg Press releases: btnews@sph.com.sg Letters: btletter@sph.com.sg chief executive officer singapore press holdings ALAN CHAN deputy chief executive officer singapore press holdings PATRICK DANIEL editor-in-chief (english/malay/tamil media group)134 words
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Advertisement988 2016-10-25 24 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 10 Jul 15 Jul APL Columbus988 words
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LIFE & CULTURE
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573 2016-10-25 25 BLOOMBERG New York FOR the world’s biggest brewer, no beer is too small. Anheuser-Busch InBev, fighting defection from its blockbuster brands to craft beers, has turned to kitchen and closet brews, buying one of the continent’s largest suppliers for do-it-yourself beer-makers, Northern Brewer, for anBLOOMBERG - 573 words
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Article, Illustration586 2016-10-25 25 Lee U-Wen - Eighth-ranked Russian, who only arrived in Singapore on Sunday, prevails in three thrilling sets at Indoor Stadium By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore IT didn’t take too long for the Women’s Tennis Association (WTA) Finals to witness its first upset. On the secondPHOTO: AFP - 586 words
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Article, Illustration734 2016-10-25 25 AFP Tokyo THE Marc Jacobs of Japan, singing cats and models cloaked into armour: J-pop and science fiction transformed Tokyo Fashion Week spring/summer 2017 into a style fest unlike any other. In a world where fashion mines entertainment like never before, Japan’s establishedAFP; PHOTO: AFP; PHOTOS: AFP - 734 words
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Page 25 Miscellaneous
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Miscellaneous324 2016-10-25 25 CRYPTIC CROSSWORD Across 1 One noted for stubborn tenacity making target with almighty backing (7) 5 Granted time for deliberation (7) 9 Frolicking inside college in outskirts of Swindon? Best say nothing (7,2,6) 10 Coats designed for an opera (5) 11 Of high quality, prize trophy goes west (3-6) 12324 words
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SME
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Article, Illustration1255 2016-10-25 26 LEONG YÈ HUI, LINDA, MI MUQING, VANIA STEPHANIE - Management Development Institute of Singapore scales new heights with its ‘edupreneurial’ stance in private education. BY LEONG YEE HUI, LINDA, MI MUQING AND VANIA STEPHANIE BY LEONG YÈ HUI, LINDA, MI MUQING, VANIA STEPHANIE T The writers are students from NUS Business School AS more private education1,255 words
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1003 2016-10-25 26 Yaj Malik - By Yaj Malik T The writer is the EVP and managing director of Sage Asia. TODAY, we are increasingly dependent on a new generation of entrepreneurs to drive innovation and growth. I am referring to the millennial entrepreneurs. Globally, millennial entrepreneurs are starting more1,003 words
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Page 26 Advertisements
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Advertisement71 2016-10-25 26 Need to save money on your workspace? We can help with that Our o ce space gives you complete exibility, so you only pay for what you use. Companies like Google and Toshiba use us to help reduce their operating costs. It’s easy to set up and we can get71 words
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Advertisement60 2016-10-25 26 Celebrating Singapore´s Enterprising Spirit 2016 This series is part of the Enterprise 50 Educational Project between the E50 partners and the NUS Business School. MDIS was among the winners in 2015. The annual E50 ranking is co-organised by The Business Times and KPMG, sponsored by OCBC Bank, and supported by60 words
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