The Business Times, 27 July 2013
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2013-07-27
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The Business Times
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Title Section20 2013-07-27 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g JULY 27-28, 2013 2013 S$1.00 MICA (P) 075/08/2012 A SINGAPORE PRESS HOLDINGS PUBLICATION20 words
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1313 2013-07-27 1 Joyce Hooi - It is told to offer EPL content to StarHub but hits back with clever pricing move By Joyce Hooi joyceh@sph.com.sg Singapore THE whistle has been blown for SingTel’s mio TV in the English Premier League (EPL) stakes, but with a last-minute twist.1,313 words
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903 2013-07-27 1 Kalpana Rashiwala - By Kalpana Rashiwala kalpana@sph.com.sg Singapore POCKETS of price falls have surfaced in the latest official stats on the state of Singapore’s private property markets. These include industrial space and some residential categories, which slipped although the property market, as a whole, still903 words
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Page 1 Advertisements
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Advertisement159 2013-07-27 1 the WEALTH Giving retirement planning top priority 28-29 MOTORING New BMW 4 Series Coupe L19 the raffles conversation BARCLAYS’ NEW CEO ANTONY JENKINS 8-9 OUTPUT DROP Manufacturing loses its fizz THE sector shrinks a slightly more than expected 5.9 per cent compared to a year ago, due to a sharp159 words
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TOP STORIES
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Article, Illustration66 2013-07-27 2 NEWS Top Stories 2-6 Raffles Conversation 8-9 Week In Review 10 Companies 11-14 From the Desk of 15 Singapore 16-17 World 18-20 Stocks Stats 21-25 Perspective 26-27 Wealth 28-35 Wealth Matters 30-31 Show Me The Money 32 Househunt 34 Real Estate 35 LIVING Dining L2-5 Style L6-7 T ravel66 words
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Article, Illustration862 2013-07-27 2 Kelly Tay - Sector shrinks 5.9% in June on sharp fall in pharmaceutical output By Kelly Tay kellytay@sph.com.sg Singapore THE Republic’s manufacturing sector shrank a slightly larger than expected 5.9 per cent in June compared to a year ago, due to a sharp fall in pharmaceutical output. The contractionPHOTO: BLOOMBERG - 862 words
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MARKETS
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Article59 2013-07-27 2 GSTI 3,236.10 (+0.42) ESTI FUTURES 3,235.00 (0.00) GSIMSCI 370.38 (+1.18) GSIMSCI FUTURES 370.60 (+1.90) STOCKS Friday Change KL COMP 1,807.61 -0.81 NIKKEI 225 14,129.98 -432.95 HANG SENG 21,968.95 +67.99 SET 1,476.71 +20.03 JAKARTA 4,658.87 -15.24 MANILA 6,763.62 -36.49 KOSPI 1,910.81 +1.20 SHENZHEN B 768.91 -6.02 MUMBAI IND 19,748.19 -56.5759 words
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Article29 2013-07-27 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.140 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.45 Source: Bloomberg29 words
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Article49 2013-07-27 2 FOREX US$ S$ US$ (S$ per US$) 1.264 (US$/S$ per 1.539 1.945 EURO(US$/S$/€ 1.329 1.680 Foreign currency per US$ S$ YEN 98.60 78.10 RM 3.209 2.539 HK$ 7.757 6.138 BAHT 31.12 24.62 RUPIAH 10,260 8,118 RENMINBI 6.130 4.850 INDIAN RUPEE 58.88 46.59 A$ 1.076 0.852 NZ$ 1.234 0.97749 words
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Article, Illustration605 2013-07-27 3 Lee U-Wen - He also makes a push for bold macroeconomic policies and reforms By Lee U-Wen leeuwen@sph.com.sg Singapore FRESH from a resounding election victory by his ruling coalition last Sunday, Japanese Prime Minister Shinzo Abe declared his country’s era of “revolving door politics” overPHOTO: REUTERS - 605 words
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649 2013-07-27 4 Lee U-Wen - There is currently no blanket ban on officers visiting Singapore’s two casinos at MBS and RWS By Lee U-Wen leeuwen@sph.com.sg Singapore THE Public Service Division (PSD) is reviewing if there is a need for “tighter rules” for its officers when it comes to649 words
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Article, Illustration495 2013-07-27 4 Malminderjit Singh - Reports by Malminderjit Singh msingh@sph.com.sg Singapore THE leaders of Japan, the United States and Singapore met here yesterday to strengthen ties and talk business. Prime Minister Lee Hsien Loong and US Vice-Presi-dent Joe Biden also congratulated Japanese Prime Minister Shinzo Abe onPHOTO: REUTERS - 495 words
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139 2013-07-27 4 Singapore THE Bank of Japan (BOJ) and the Monetary Authority of Singapore (MAS) have established a crossborder collateral arrangement to enhance financial stability in Singapore, both central banks announced yesterday. Under this arrangement, eligible financial institutions operating in Singapore may obtain Singapore Dollar liquidity139 words
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563 2013-07-27 5 Ong Chor Hao - By Ong Chor Hao ongch@sph.com.sg Singapore THE pressure on the public housing resale market appears to have eased further as the latest round of cooling measures continue to work their way through, with prices growing at their slowest pace in more than563 words
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422 2013-07-27 6 S Jayasankaran - RM400 million JV signed to refurbish M’sian firm’s theme park and open it in 2016 By S Jayasankaran btworld@sph.com.sg Kuala Lumpur GENTING Malaysia yesterday announced a RM400 million (S$158 million) joint venture with Twentieth Century Fox to refurbish and transform the firm’s theme422 words
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Page 3 Advertisements
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Advertisement242 2013-07-27 3 M9 e? Ni W: m Rental less than SGD$2.00 psf (inclusive of service charge and air-conditioning) Hassle-free and minimal cost for office relocation Other services:Registration of company/licenses approval Employees sourcing One Stop workspace solution, providing services eg. interior design, 3D imagery prospectives, landscape, carpentry built-ins. ty USJ 25 The Most242 words
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Page 5 Advertisements
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Advertisement44 2013-07-27 5 VING SUCCESS ■n V >> ;f c d* WE MAKE YOUR ROADS vwwv.powerpac.sg POWERPAC INTERNATIONAL INC., USA Global manufacturer of road-making machineries, automobiles plants. AUTOMOTIVE DIVISION POWERPAC AUTOMOTIVE GROUP GmBH DUSSELDORF, GERMANY PAG Car, SUV MPV of 7 9 seaters, commercial double-cabin pickup and buses.44 words
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Page 6 Advertisements
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Advertisement45 2013-07-27 6 a Si# fOK SW-t 4 u Modern] Contemporary; Goidmirbiilr^S^ Built: 4,316 sq ft 3 storeys Basement Most Desirable: 3 min walk to ACS n\ ■*m- n <'■ ii&jiss** JERRY LUM Snr Marketing Director. MBA, CES cea licence no: R *****6 D HP: 8288 0098 View: jerrylum.myweb.sg45 words
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Advertisement20 2013-07-27 6 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices MATS NOTICES CLA/FEB1 1/g20 words
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Page 7 Advertisements
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Advertisement325 2013-07-27 7 STPROPERTY SEMINAR Tfl .jam .4 Opportunities Outlook of the Property Market in 04 2013 STRATEGIES TO OVERCOME THE CHALLENGING PROPERTY LANDSCAPE v sST? ►Sis PwSwwg >V I M 5 k* iS ■K c >.v 5! Under the new Total Debt Servicing Ratio (TDSR) framework by MAS, the property landscape is325 words
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THE RAFFLES CONVERSATION
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Article, Illustration1906 2013-07-27 8 / 9 Kenneth Lim - Barclays’ new CEO is ready to take the venerable institution, tarnished by the Libor fixing scandal, into the long haul. By Kenneth Lim By Kenneth Lim kenlim@sph.com.sg IMAGINE that you have just been given the controls of an airborne jumbo jet. The pilot has justARTHUR LEE - 1,906 words
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WEEK IN REVIEW
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THIS WEEK July 22-26, 2013
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60 2013-07-27 10 THE commodity trade financing business is getting crowded. Since the sector came into the spotlight in late 2011 when the European sovereign debt crisis caused French banks the traditional commodity financiers to rein in their lending, new actors such as DBS have taken60 words
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53 2013-07-27 10 THE global asset management industry grew 10 per cent last year, but long-term challenges are making many firms vulnerable, said McKinsey Company in a report. In particular, less new money is flowing in, the retail sector is declining, and institutional clients are becoming more53 words
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Article, Illustration65 2013-07-27 10 AFTER 17 years as chairman of Temasek Holdings, S Dhanabalan will step down on Aug 1. He will be succeeded by former cabinet minister Lim Boon Heng, 65. MR DHANABALAN Stepping down on Aug 1 as Temasek Holdings chairman after 17 years. HePHOTO: LAU FOOK KONG/ST - 65 words
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52 2013-07-27 10 SINGAPORE Airlines has rolled out a competitively priced promotion for its direct, all-Business Class flights to Los Angeles and New York, in a move seen as seeking to fill its seats before it suspends non-stop operations to the two cities in Q452 words
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57 2013-07-27 10 THE shale revolution is transforming the US economy, and it could soon make its impact felt in Singapore. A stronger US economy and lower energy costs would benefit Singapore, and a future hike in shale exports may tie in well with the Republic’s ambitions to57 words
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63 2013-07-27 10 IT is the mushrooming debt pile of households, more so than banks’ exposure to it, that has driven the Monetary Authority of Singapore (MAS) to action. As it stands now, 5-10 per cent of households already “have probably over-lever-aged their property purchases”; that is,63 words
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46 2013-07-27 10 HOW often should cash at ATMs be replenished? Which products should specific customers be offered? Thanks to Big Data analytics, Singapore-based banks are taking the guesswork out of such questions, while gaining deeper insights into customer preferences.46 words
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37 2013-07-27 10 SINGAPORE permanent residents and other foreigners are buying fewer private homes. The number slipped for the second consecutive quarter in Q2 2013, according to a caveats analysis by DTZ.37 words
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74 2013-07-27 10 IF the top brass at Las Vegas Sands had their way, they would expand their Asian footprint further by opening more integrated resorts, with one of their top choices being South Korea. And George Tanasijevich, managing director of global development at LVS,74 words
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66 2013-07-27 10 IN a candid assessment of the Singapore residential property mar- ket, CapitaLand warned of headwinds in the near term. It said in its latest financial results statement that “prices and sales volume of Singapore residential property are expected to moderate as the66 words
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55 2013-07-27 10 A COCKTAIL of runaway private property prices, a new government policy and supply issues could inadvertently lead to a heating up of the executive condominium market. The market faces “unintended effects” from three areas higher EC demand, the total debt servicing55 words
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Article81 2013-07-27 10 US DATA July 29 June pending home sales index July 30 July consumer confidence July 31 Q2/2013 GDP FOMC meeting announcement Aug 2 July employment situation OTHER DATA July 30 The Reserve Bank of India will release the first quarter review of monetary policy81 words
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Page 10 Miscellaneous
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Miscellaneous343 2013-07-27 10 Across 1 One well-liked at work that will have plenty of backing? (4,9) 10 Go ahead and give money maybe (7) 11 Concentration that’s required when driving in France (7) 12 Female union of the Spanish and the French (4) 13 A game between two sides back in the country343 words
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Miscellaneous28 2013-07-27 10 95& Of L) V H %v°- VS SNIFF OUT GOOD DEALS AT AUCTIONS Check out information on auctions in CATS Notices in The Straits Times. WAT3 cla/dec 05/clj28 words
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COMPANIES
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Article, Illustration444 2013-07-27 11 Andrea Soh - SAC Capital explains it’s not related to indicted SAC Capital Advisors By Andrea Soh sandrea@sph.com.sg Singapore EVEN as a storm brews in the US over insider trading charges against hedge fund SAC Capital Advisors, Singapore firm SAC Capital has clarified that it hasPHOTO: AP - 444 words
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272 2013-07-27 11 Nelson Lee - By Nelson Lee lnelson@sph.com.sg Singapore WBL Corporation warned yesterday that it was expecting a net loss for the third quarter ended June 30. The loss was attributed to lower net sales from its Nasdaq-list-ed subsidiary, Multi-Fineline Electronix Inc272 words
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332 2013-07-27 11 Lee Meixian - By Lee Meixian leemx@sph.com.sg Singapore ADVANCE SCT Ltd yesterday said the suspension of its arbitration proceedings with plaintiff, Qingyuan Shengli Copper Material Co Ltd, is likely to be lifted over the next few weeks, following the withdrawal of its chairman Simon332 words
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131 2013-07-27 11 Singapore PROPERTY investment group MYP plans to buy 80,000 square metres of retail properties in Bali in a deal valued at $43.3 million. A 99.99 per cent stake in the properties will be bought from a group that includes MYP chairman131 words
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Article601 2013-07-27 12 Mindy Tan - This is down 6.8% from 2.92 cts one year ago; distributable income at $26.4m By Mindy Tan tanmindy@sph.com.sg Singapore CDL Hospitality Trusts (CDLHT) recorded a 6.8 per cent dip in distribution per stapled security for the second quarter ended June, at 2.72 cents,601 words
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331 2013-07-27 12 Ong Chor Hao - By Ong Chor Hao ongch@sph.com.sg Singapore LACKING the boost from a oneoff gain in the previous financial year, construction company Lian Beng posted earnings for the full year ended May 31 that were 24.3 per cent lower year-on-year. Profit attributable to owners of331 words
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367 2013-07-27 12 Kenneth Lim - By Kenneth Lim kenlim@sph.com.sg Singapore INSURANCE major AIA Singapore continued to grow in the first half of its current financial year, but underperformed most other major markets of Hong Kong-listed parent AIA Group, according to results filed yesterday. AIA Group said367 words
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384 2013-07-27 12 Mindy Tan - By Mindy Tan tanmindy@sph.com.sg Singapore FIRST Real Estate Investment Trust (First Reit) posted a 4.1 per cent drop in distribution per unit (DPU) for the second quarter ended June to 1.85 cents, from 1.93 cents a year ago. Distributable income384 words
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Article, Illustration646 2013-07-27 13 R Sivanithy - STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent PENNY stocks once again have had to take over as the local market’s mainstay since blue chips floundered this week due to mixed economic data from China, Japan and the United States. This has proven to646 words
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Article108 2013-07-27 13 Stock name Close Change CapMallsAsia 1.980 +0.020 CapitaLand 3.260 +0.040 CapitaMall 2.030 +0.010 CityDev 10.75 +0.160 ComfortDelGro 1.995 +0.010 DBS Grp 16.80 +0.060 GLP 2.900 +0.040 Genting SP 1.370 Golden Agri 0.545 HK Land 6.750 -0.010 HPH Trust US$ 0.760 JMH 54.95 -0.950 JSH 34.60 -0.750 Jardine C&C108 words
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492 2013-07-27 13 Kenneth Lim - By Kenneth Lim kenlim@sph.com.sg Singapore SINGAPORE equities stand to gain as a safe haven if capital outflows from South-east Asia pick up as interest rates rise and China’s economy slows down, Nomura analysts said yesterday. The broking house has upgraded492 words
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Article152 2013-07-27 13 VOL CLOSE Innopac 284,904 13 8 0.3 2.2 Conte l 1 53,918 7 5 0.6 8.7 HanKore 1 38,809 5 3 -0.1 -1.9 Memstar 1 25,292 9 9 0.5 5.3 Progen 82,480 17 9 1.9 1 1.9 Xpress 79,317 4 1 0.1 2.5 A l bedo 58,213152 words
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Article61 2013-07-27 13 BY CENTS CLOSE UP DBXT Nifty 10US$ ***** 339.9 2.6 GLD 10US$ ***** 133.9 0.8 IS S&P500 ***** 97.3 0.5 Pru 500US$ 1600 75.8 3.9 DBXT FTChina25 10US$ 2703 31.6 0.9 DBXT S&P Short 10US$ 2889 30.3 0.8 STXPO 100 210 29.0 16.0 DBXT MSASPAC 10US$ 355 25.361 words
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Article61 2013-07-27 13 BY CENTS CLOSEDOWN JMH 5495 -120.0 -1.7 JSH 3460 -94.8 -2.1 Jardine C&C 4081 -92.0 -2.2 DBXT FTVietnam 10US$ 2217 -78.3 -2.7 DBXT MSINDO 10us$ 1481 -24.0 -1.3 Great Eastern 1763 -15.0 -0.8 DBXT STGLDv100 10US$ 2905 -10.1 -0.3 Hyflux 6% CPS 10 ***** -10.0 -0.1 DBS Bk61 words
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438 2013-07-27 14 Joyce Hooi - Its MiBox offers 18,000 video-on-demand titles, 116 TV channels, 1,200 e-books and 370 apps By Joyce Hooi joyceh@sph.com.sg Singapore AS pay-TV competition reaches a fever pitch between StarHub and SingTel’s mio TV, the island’s third and smallest telco has leapt into a niche that438 words
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466 2013-07-27 14 Lynn Kan - By Lynn Kan lynnkan@sph.com.sg Singapore IN SingTel’s two-hour annual general meeting, shareholders took the board of directors through comment after question about the telecommunications company’s multi-billion-dollar budget for new digital investments, its Indian and Pakistani ventures, and even the AGM itself.466 words
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419 2013-07-27 14 Teo Si Jia - By Teo Si Jia teosj@sph.com.sg Singapore UNFAVOURABLE conditions in the shipping industry have made a victim out of Mercator Lines (Singapore) while Rickmers Maritime managed to hold its own. Yesterday, dry bulk shipping company Mercator reported that it has plunged into the red419 words
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293 2013-07-27 14 Carine Lee - By Carine Lee carinel@sph.com.sg Singapore LOWER fair value gains on investments held for trading saw Innopac Holdings Limited’s second quarter net profit plunge 95 per cent year-on-year to $493,000 from $9.80 million. The Singapore-listed group yesterday said its other operating income293 words
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Page 11 Advertisements
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Advertisement160 2013-07-27 11 IN THE MATTER OF COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SAGINOMIYA SINGAPORE PTE LTD REG. NO. *****1685K (In Members’ Voluntary Liquidation) NOTICE OF FINAL GENERAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50, that the Final General Meeting of the160 words
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FROM THE DESK OF
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Article, Illustration1196 2013-07-27 15 Sean O’Neill - Employees will keep your sustainability agenda alive and relevant, and not just a set of corporate speak principles far removed from operations FROM THE DESK OF Sean O’Neill Chief corporate relations officer Heineken NV OVER the last decade, sustainability has become an important1,196 words
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SINGAPORE
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Article, Illustration431 2013-07-27 16 Annabeth Leow - Continental’s building extension in line with plans to double workforce to more than 1,300 over next 4-5 years By Annabeth Leow leowhma@sph.com.sg GERMANY-BASED automotive supplier Continental yesterday broke ground for a seven-storey wing at its research and development centre, which was itself completed just a431 words
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Article, Illustration378 2013-07-27 16 Arthur Lee - By Arthur Lee arthurl@sph.com.sg SOME 100 business leaders turned up for the BT Luxe Night at the Lexus showroom on Thursday and learnt more about the fine art of watch appreciation. “The art of collecting watches: of passion, complications, morePHOTO: ARTHUR LEE - 378 words
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372 2013-07-27 16 Jacquelyn Cheok - By Jacquelyn Cheok jaccheok@sph.com.sg SINGAPORE online users visit entertainment websites the most followed by news and information sites, according to comScore Inc’s 2013 South-east Asia Digital Future in Focus report. At 96 per cent, entertainment sites are the country’s highest category in terms of372 words
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568 2013-07-27 17 Ng Zhuo Yang - Multi-industry Bitexco also keen on partnering global firms looking to venture into Vietnam By Ng Zhuo Yang ngzy@sph.com.sg THE strong reputation that Singapore companies enjoy in Vietnam has attracted the interest of Bitexco Group, which was here yesterday to seek investment partners in568 words
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482 2013-07-27 17 Ronnie Lim - By Ronnie Lim ronnie@sph.com.sg THE Singapore LNG (SLNG) terminal, which started commercial operations in May, received a total of three cargoes in its first two operational months, Singapore’s franchised liquefied natural gas buyer, BG Group, said yesterday. Disclosing this482 words
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Page 17 Advertisements
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Advertisement72 2013-07-27 17 The Finder Singapore Download today! IT’S FREE Digital www.TheFinder.com.sg iTSHl RESTAURANTS FURNITURE TRAVEL WELLNESS f SINGAPORE FOOD FESTIVAL J F AT YOUR WAY MOUND THE WOULD v nM»lNABAy' mmi //'/7WJM IFjndeF CtWMUNtTY Cd '■m RESTAURANTS FOR A CROWD i DAD I B «N6 T ON J How a Brazilian mum72 words
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WORLD
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575 2013-07-27 18 Anthony Rowley - The 0.4% increase in core consumer prices is biggest since 1.0% gain in November 2008 By Anthony Rowley in Tokyo btworld@sph.com.sg JAPAN has been awaiting news of the reappearance of inflation with something approaching the expectancy that preceded this week’s royal birth575 words
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334 2013-07-27 18 AP Beijing CHINA’S government has ordered companies to close factories in 19 industries where overproduction has led to price-cutting wars, affirming its determination to push ahead with a painful economic restructuring despite slowing growth. The industry ministry issued orders late on Thursday toAP - 334 words
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Article, Illustration256 2013-07-27 18 Bloomberg Washington UBS AG, Switzerland’s largest bank, agreed to pay US$885 million to Fannie Mae and Freddie Mac to settle claims that it improperly sold them mortgage-backed securities during the housing bubble, a US regulator said. The Federal Housing Finance AgencyBloomberg; PHOTO: BLOOMBERG - 256 words
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Article, Illustration518 2013-07-27 19 Indian companies seek to wrest business from Chinese firms in the world’s ‘next economic frontier’ Bloomberg Mumbai MYANMAR, called Asia’s “next economic frontier” by the International Monetary Fund, is the new battleground for Indian companies seeking to wrest business from Chinese firms. Export-Import BankBloomberg; PHOTO: AFP - 518 words
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Briefing
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77 2013-07-27 19 Reuters Hong Kong A jump in loans by Hong Kong’s banks has triggered concerns about rising risks to the city’s banking system and prompted the central bank to enquire about the reasons behind the growth. Overall loan growth in Hong Kong accelerated toReuters - 77 words
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Article86 2013-07-27 19 Bloomb erg Seoul Samsung Electronics will invest US$18 billion in its memory-chip and display businesses this year as the world’s biggest smartphone maker tries to ward off slowing demand for high-end devices such as its Galaxy S4. Capital spending for those divisions will increase toBloomberg - 86 words
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99 2013-07-27 19 Reuters Bangkok Bids in Thailand’s first tender to sell rice from national stocks in nearly 10 months could be well below the amount it paid for the grain under a controversial intervention scheme, forcing the government to take big losses if it decides toReuters - 99 words
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524 2013-07-27 20 Cost to firms including Nasdaq exceeds US$300m; five allegedly helped to steal at least 1 60m credit card numbers Reu ters Newark, New Jersey FEDERAL prosecutors said on Thursday that they have charged five men responsible for a hacking and credit cardReuters - 524 words
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Article, Illustration652 2013-07-27 20 Reuters Washington PRESIDENT Barack Obama could be months away from announcing his pick to replace Ben Bernanke at the Federal Reserve, yet critics are already making an unusual public effort to stop one contender in the race former US Treasury SecretaryReuters; PHOTO: BLOOMBERG - 652 words
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Page 18 Advertisements
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Advertisement60 2013-07-27 18 HOT PROPERTY R -w *5 r li li Must sell! UUsf 2 caf s CHARMING 1-STY cnii Setter u:ii 1 SEM -D Breeiv K 118 Land 4402 sf eezy 15 old. $9xx ps LOOKING FOR PROPERTY ON SELETAR HILLS? Check this and many other properties in CATS Classified in The60 words
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Page 19 Advertisements
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Advertisement231 2013-07-27 19 THE BUSINESS TIMES SATURDAY SPECIAL Get 10% off the a la carte menu and complimentary Churros Signature Seafood Paella Spanish Churros Signature Seafood Paella Spanish Churros Venue: Serenity Spanish Restaurant, 391 Orchard Road, #05-32 Ngee Ann City, Takashimaya Shopping Centre, Singapore *****2 Tel: *****989 Website: http://www.serenity.com.sg the original advertisement after231 words
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Page 20 Advertisements
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Advertisement61 2013-07-27 20 NTUC FairPrice Group is looking for a Manager (SAP Financials) NSL OilChem Services has a vacancy for a Sales Engineer (Industrial Waste) Ministry of Health has a position open for an Assistant Director (Hospital Services) Prima Food is recruiting a Senior Production Executive EFG Bank is hiring a Customer Service61 words
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SGX
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Article8231 2013-07-27 21 Transaction date: Jul 26 Transaction date: Jul 26 Transaction date: Jul 26 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15 11.4 8Telecom 12.2 12.2 13.5 10.6 0.9 10.1 58.4 8.8 3 A-Sonic8,231 words
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Article1871 2013-07-27 24 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 26 17.1 t 800 Super 25 +0.5 324 25 24.5 24.5 25 3.3 4 7.5 44.7 6.2 2.8 t AA Grp 2.8 3 4.8 1401,871 words
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Article186 2013-07-27 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 4 6 0 0 0 2 4 6 Manufacturing 62 53 27 8 5 14 70 58 41 Commerce 18 17 25 6 3 6 24 20 31 Tpt/Stor/Comms 16 17 9186 words
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Article801 2013-07-27 24 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jul 22 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) China Powerplus 24-Jul-13 Hao Yanping Buy ***** 0.04 ***** 5.89 ***** 15.75 Hai Leck Hldgs 24-Jul-13 Cheng801 words
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Article121 2013-07-27 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 44,307 44,307 65,151 65,151 Manufacturing 759,564 100,631 860,195 174,855 4,623 179,477 Commerce 121,561 144,895 266,456 98,383 10,609 108,993 Tpt/Stor/Comms 61,256 22,848 84,104 84,709 8,949 93,658 Finance 296,251 153 296,404 136,169 71 136,240 Construction 63,222 134,672121 words
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MARKETS
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Article94 2013-07-27 25 Jul 25 COCOA (£/tonne) Close Prev High Low Sep 13 1591 1595 1612 1584 Dec 13 1582 1588 1602 1578 Mar 14 1569 1575 1589 1565 May 14 1570 1577 1591 1566 COFFEE(US$/tonne) Close Prev High Low Jul 13 1883 1870 1886 1886 Sep 13 1908 1896 1915 187694 words
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Article65 2013-07-27 25 Jul 26 GOLD(US$/oz) Jul 26 Jul 25 Hong Kong 1341.80 1329.90 Jul 25 Jul 24 London 1325.90 1332.15 1326.65 1333.15 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 26.10 25.32 Source: UOB PLATINUM Lon (US$/oz) Jul 25 Close Previous PM Fix 1443.00 1444.00 AM Fix 1438.00 1445.00 Source:65 words
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Article118 2013-07-27 25 Jul 26 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.197 1.140 Can dollar 1.252 1.204 Euro 1.717 1.636 Sterling pound 1.981 1.905 NZ dollar 1.044 1.004 US dollar 1.290 1.229 Local dollars to 100 units of foreign currency: Currencies Sell118 words
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Article60 2013-07-27 25 Jul 26 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 13 2231.0 2260.0 2268.0 2222.0 394 1944 Sep 13 2199.0 2218.0 2225.0 2177.0 5711 ***** Oct 13 2163.0 2183.0 2189.0 2137.0 ***** ***** Nov 13 2155.0 2177.060 words
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Article88 2013-07-27 25 Jul 26 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.26 6-Month BS*****N 24-Jan-14 0.28 1-Year BY*****H 02-May-14 0.28 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 100.05 100.09 100.09 5-Year N*****0T 0.588 words
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Article155 2013-07-27 25 Jul 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1735 1.1745 0.9287 0.9292 Canadian dollar 1.2300 1.2310 0.9739 0.9734 Euro 1.6791 1.6800 1.3288 1.3291 NZ dollar 1.0233 1.0243 0.8098 0.8104 Sterling pound 1.9447 1.9457 1.5390 1.5393155 words
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Article104 2013-07-27 25 Jul 25 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Aug 13 1355.25 1392.50 1396.50 1348.50 Sep 13 1266.75 1301.75 1308.00 1263.25 Nov 13 1224.00 1256.75 1258.25 1215.50 Jan 14 1229.00 1261.00 1262.50 1220.00 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Aug 13 43.81 44.26 44.45 43.63104 words
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Article68 2013-07-27 25 Jul 25 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 107.46 -0.08 WTI (Near Mth) 105.53 0.41 Dubai (1-Mth F) 103.22 -0.77 Tapis blend 113.54 -1.31 Minas 106.64 -1.31 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 97.11 -0.83 Jet Kerosene 121.73 -0.76 US$/barrel OpecOil Basket Price 105.2868 words
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Article72 2013-07-27 25 Jul 25 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1778.75 1805.25 3 months 1823.50 1851.00 Copper, Grade A (US$/tonne) Cash 6997.00 7040.00 3 months 7015.00 7055.00 Lead (US$/tonne) Cash 2065.00 2055.50 3 months 2071.00 2065.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)72 words
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373 2013-07-27 25 In local curr In S$ In US$ dy yr dy yr dy yr Jul 25 Index Change Change Change Change Change Change World Preliminary 1087.3 -0.3 15.9 -0.4 17.2 -0.3 13.1 EAFE Preliminary 889.3 -0.6 14.8 -0.7 12.7 -0.6 8.7 Europe Preliminary 1255.3 -0.4 9.4373 words
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PERSPECTIVE
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Article, Illustration1095 2013-07-27 26 / 27 Leon Hadar - The US president is focusing on the economy as he thinks that Washington has taken its eye off the ball on the most important issue facing the country Leon Hadar Washington correspondent HE DIDN’T major in economics in college, but graduated with a law degree andPHOTO: REUTERS - 1,095 words
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Article, Illustration880 2013-07-27 26 / 27 Anthony Rowley - Anthony Rowley Tokyo Correspondent SHOWING the customary politeness (and exercising no little diplomacy himself), Japan’s Chief Cabinet Secretary Yoshide Suga on Thursday welcomed US President Barack Obama’s nomination of Caroline Kennedy, daughter of late US President John F Kennedy, as the proposed newPHOTO: AP - 880 words
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Wealth
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WEALTH INVESTING
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Article, Illustration1266 2013-07-27 28 / 29 Roy Varghese - The long-term goal of financial independence must take precedence over home purchase and car ownership in Singapore WEALTH INSIGHTS Roy Varghese ~The writer is an independent fee-based adviser; he can be contacted at royvarghese@ifastfinancial.com THERE are serious concerns raised recently regarding the high levels ofSource: iFAST Financial; PHOTO: YEN MENG JIIN - 1,266 words
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BROKERS’ TAKE
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Article224 2013-07-27 28 / 29 Outperform Macquarie Equities Research July 25 July 26 close: S$3.26 WE re-commence coverage on CapitaLand (CAPL) and upgrade the stock from “neutral” to “outperform” given the underperformance year to date (-16 per cent versus the FSSTI index). The stock is trading close to a 40 per cent discount to224 words
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Article405 2013-07-27 28 / 29 Cai Haoxiang - Compiled by Cai Haoxiang Sector neutral CIMB Research July 26 A STRUCTURAL overcapacity of container shipping and irrational competition among liners have forced the industry to dump prices even in the face of losses. The best hope we have is for the arrival of temporary sanity. The question405 words
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Article, Illustration1189 2013-07-27 32 Teh Hooi Ling - It’s vital to ensure that growth and increased wealth are accompanied by social harmony SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent ~The writer is a CFA charterholder THE wealth and investment management division of Barclays held a media session to discussSource: World Bank, Bloomberg - 1,189 words
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Article, Illustration915 2013-07-27 33 Genevieve Cua - It is the only so-called safe tactical alternative for portfolios, says Schroder director and multi asset fund manager Genevieve Cua gen@sph.com.sg Personal Finance Editor SOVEREIGN bonds are no longer a safe haven asset, says Schroder director and multi asset fund manager Patrick Brenner. TheSource: Federal Reserve Flow of Funds, Thomson Datastream, Schroders estimates, Aug 14,2012; Source: Bloomberg, SPX and JPM Global Bond Index USD, 30days correlation; PHOTO: AP - 915 words
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WEALTH MATTERS
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Article, Illustration2117 2013-07-27 30 / 31 Genevieve Cua - Failure to plan for succession can eventually destroy wealth, as funds could be jeopardised by multi-jurisdictional claims, and claims or challenges arising from divorce or family disputes Genevieve Cua gen@sph.com.sg Personal Finance Editor gen@sph.com.sg DEATH is an eventuality that most of us are reluctant toPHOTO: AP - 2,117 words
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Article320 2013-07-27 30 / 31 Genevieve Cua - By Genevieve Cua BANK of Singapore shares some examples to illustrate the flexibility of trusts and the extent to which the vehicles can be used to accommodate multi-jurisdictional and personal needs and perpetuate family values. 45A patriarch has five children ages ranging from 23 to320 words
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WEALTH REAL ESTATE
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Article932 2013-07-27 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JUNE 26 AND JULY 2, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 3 NON-LANDED Echelon Apt 02/07/2013 99 1313 2278 1735 Echelon Apt 28/06/2013 99 732 1520 2076932 words
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974 2013-07-27 35 Creative types are moving into underused bulky structures left empty after manufacturers relocate to Guangdong NYT Hong Kong WHEN Marcus Foley and Irene Capriz decided to settle down in Hong Kong, they chose not the typical expatriate haunts of the Mid-Levels or Victoria PeakNYT - 974 words
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Article, Illustration617 2013-07-27 35 Bloomberg New York HOME sales in New York’s Hamptons, Wall Street’s favoured beach retreat, jumped to a seven-year high as buyers rushed to secure deals before expected increases in prices and mortgage rates. Purchases in the three months through June totalled 675,Bloomberg; PHOTO: BLOOMBERG - 617 words
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Advertisement65 2013-07-27 28 / 29 Disclaimer: All analyses, recommendations and other information herein are published for general information. Readers should not rely solely on the information published and should seek independent financial advice prior to making any investment decision. The publisher accepts no liability for any loss whatsoever arising from any use of the information65 words
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Advertisement92 2013-07-27 30 / 31 T ri W Pt BANKOFSINGAPORE International Private Banking Even after you've come this far, some things never change. Like you, we believe in the timeless value of hard work. That's why Bank of Singapore is dedicated to building on your values of diligence, with private bankers who work as hard92 words
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Advertisement8 2013-07-27 30 / 31 This monthly series is brought to you by8 words
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Advertisement127 2013-07-27 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE WATCH THAT BROKE ALL THE RULES, REBORN. IN 1972, THE ORIGINAL ROYAL OAK SHOCKED THE WATCHMAKING WORLD AS THE FIRST HAUTE HOROLOGY SPORTS WATCH TO TREAT STEEL AS A PRECIOUS METAL. TODAY THE NEW ROYAL OAK COLLECTION STAYS TRUE TO127 words
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Page 1 Advertisements
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Advertisement59 2013-07-27 1 Living BT THE BUSINESS TIMES WEEKEND JULY 27 28 2013 GAME OF THORNS An insider’s guide to artisanal durians L2-5 PHOTO: MARK ONG SHOPPING Click and customise L6-7 NO HOLDS BARRED Football clubs splash the cash L16 TRAVEL Santa land in springtime L8-9 HOME GARDEN Space and light L10-11 MOTORING59 words
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BT Living
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DINING
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Article, Illustration2325 2013-07-27 2 / 3 David Yip - The insider’s guide to artisanal durians. By David Yip DURIAN eating has come a long way since the ’80s when vacuum packing was unheard of and the highlight of the year was a family drive to Malaysia to gorge oneself silly at makeshift stalls set up alongALL PHOTOS BY MARK ONG; VINTAGE PHOTOS COURTESY OF CHIA BOON HUAT - 2,325 words
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SHOPPING
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Article, Illustration1369 2013-07-27 6 / 7 May Yip - With fast fashion and flash sales tarnishing the lustre of online shopping, e-retailers are offering personalised products for a luxury retail experience. Now, shoppers can get creative and own something truly exclusive, designing unique pieces with just a few clicks of the mouse. By May Yip btnews@sph.com.sg1,369 words
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TRAVEL
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Article, Illustration1308 2013-07-27 8 / 9 Helmi Yusof - Yes, Santa possibly exists. No, he doesn’t live in the snowy North Pole. But there is, nevertheless, something magical about him. By Helmi Yusof helmi@sph.com.sg IF you grew up not believing in the myth of Santa Claus, the prospect of meeting him in his hometown ofALL PHOTOS BY HELMI YUSOF - 1,308 words
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HOME & GARDEN
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Article, Illustration1006 2013-07-27 10 / 11 Tay Suan Chiang - A terrace house is gutted out to create a modern, minimalistic home bathed in light and furnished with a exposed, raw edge. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg THE tagline on Roomorama’s website reads, “quality accommodations for the discerning traveller”, so whenhome.PHOTOS BY YEN MENG JIIN - 1,006 words
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DESIGN
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Article, Illustration1324 2013-07-27 12 / 13 Tay Suan Chiang - Tay Suan Chiang meets up with the scion and design collaborator of luxury brand Giorgetti, which earlier this week opened an atelier in Singapore Tay Suan Chiang taysc@sph.com.sg CARLO Colombo wants to make a shout-out to property developers: he is interested in designing a building or1,324 words
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Article744 2013-07-27 12 / 13 with BTWeekend Pool Garden Pavilion Level 5, Marina Mandarin Singapore 6 Raffles Boulevard August 9 2013 Enjoy a spectacular fireworks view and live telecast of the National Day Parade at our Pool Garden Pavilion with a sumptuous spread of dishes including Smoked Salmon with Plum Sauce, Assorted Sushi, Singapore744 words
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GADGETS
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Article, Illustration650 2013-07-27 14 Christopher Lim - Staying in the groove on the go is a breeze with nifty new gizmos designed with audiophiles in mind. By Christopher Lim By Christopher Lim limchris@sph.com.sg HTC Butterfly s $988 without contract IN the ceaseless quest for ever narrower bezels and thin bodies, brands have taken650 words
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HEALTH
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Article, Illustration1041 2013-07-27 15 Michael Lim - Stem cell treatment can help damaged hearts regenerate tissue. By Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia (a journal of the British Medical Journal Publishing Group); chairman, scientific advisory board, Asia PacificFILE PHOTO - 1,041 words
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SPORTS
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Article, Illustration716 2013-07-27 16 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent WHO says that Europe is in a financial crisis? Looking at the crazy amount of business going on between the continent’s football clubs this month, it’s probably safe to say that things have gone just a little bitPHOTOS: AP, AFP - 716 words
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BT CORPORATE GOLF LEAGUE 2013
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Article, Illustration1063 2013-07-27 17 Justine Moss - Team SunMoon have been at their consistent best and are leading the race with 117 pts. By Justine Moss By Justine Moss btnews@sph.com.sg IT’S one down with five rounds to go in the 2013 Business Times Corporate Golf League, and Team SunMoon have once againPHOTOS: GOLF DIGEST, COOLCORE - 1,063 words
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MOTORING
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Article, Illustration579 2013-07-27 18 Samuel Ee - The Volkswagen Golf GTI Cabriolet is the first official open-top version of the GTI hot hatch. By Samuel Ee samuelee@sph.com.sg OPEN-air motoring with hot hatch performance. That, apparently, was the idea behind the Volkswagen Golf GTI Cabriolet the first official GTI convertible in VW history. The result, however,579 words
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Article, Illustration578 2013-07-27 19 Samuel Ee - The new BMW 4 Series Coupe has dramatic styling and performance. By Samuel Ee samuelee@sph.com.sg I T is more than just renaming the 3 Series Coupe the BMW 4 Series is a new nameplate that marks this two-door compact as a standalone model with distinctive styling and sharper578 words
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Article, Illustration767 2013-07-27 20 Teams have been holding in-season testing sessions at Silverstone to assess new tyres provided f1 watch AP BUDAPEST, Hungary THE pressure will be on tire manufacturer Pirelli as much as those trying to catch Formula One leader Sebastian Vettel at this weekend’s HungarianAP; PHOTO: AP; PHOTO: AFP - 767 words
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Advertisement151 2013-07-27 4 / 5 THE SOUND VISION SPECIALIST AV ONE 2013 COLLECTIONS I I Zikmu designed by Philippe Starck Now; $2,688 Black,White, Red Available Subsidiary Company One Living BESPOKE INTERIORS Design Renovation Construction For enquiries please call: KH 8323 8787 Angela 8612 8787 www.oneliving.com.sg Custom AV Room Feature Wall Design AV ONE TOTAL AUDIO151 words
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Advertisement5 2013-07-27 8 / 9 ~Finnair flies to Rovaniemi daily5 words
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Advertisement19 2013-07-27 12 / 13 Reach out to more than 100,000 readers daily in the Wine Dine Scheme. Contact Amy Leo at 6319 212919 words
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Advertisement34 2013-07-27 14 HOME NEE S r 'm -V Can't find your keys? Get a locksmith! To find out more, turn to CLASS 105 in CATS Classified in The Straits Times now. WAT3 BUY IT-SELL IT-FIND IT34 words
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Advertisement18 2013-07-27 15 This series is brought to you by Heart, Stroke and Cancer Centre. It is produced on alternate Saturdays.18 words
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