The Business Times, 19 November 2014
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2014-11-19
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The Business Times
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Title Section30 2014-11-19 1 THE BUSINESS TIMES S$1.00 S|jh A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg G C ©BTBreakingnews CO REGN NO *****2868E MCI (P) 051/08/2014 I Wednesday, October 8, 2014 Wedn sday, November 1930 words
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Article, Illustration172 2014-11-19 1 The cooling real-estate market in China has prompted mainland investors to put their cash to work in overseas properties, with Singapore as the second most-preferred outbound destination in Asia after Hong Kong. TOP STORIES 3 The fallout from the collapse of beleaguered Danish marine fuel supplier OW172 words
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Article26 2014-11-19 1 Tuesday Change STI 3,313.73 (+25.06) KL COMP 1,818.38 (+11.90) NIKKEI 225 17,344.06 (+370.26) HANG SENG 23,529.17 (-267.91) SHENZHEN B 965.96 (-2.00) DOW(11am EST) 17,683.61 (+35.86)26 words
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703 2014-11-19 1 Anita Gabriel, Cai Haoxiang - By Anita Gabriel, Cai Haoxiang anitag@sph.com.sg @AnitaGabrielBT haoxiang@sph.com.sg @HaoxiangCaiBT Singapore THE imminent listing of Trans-Cab was turning out to be the hottest stock offering in months on the Singapore Exchange (SGX) with a story of a home-grown, family business moving703 words
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773 2014-11-19 1 Mindy Tan - Proposed share swap deal will be followed by rights issue to acquire majority stake in Keppel Merlimau Cogen By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore KEPPEL Infrastructure Trust (KIT) and CitySpring Infrastructure Trust are poised to create the largest Singapore infrastructure-focused business773 words
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Advertisement125 2014-11-19 1 *****4 STRAIT TALK Shrinking shipping’s environmental footprint TRANSPORT 23 BUSINESS CHINA AWARDS Liu Thai Ker, JJ Lin, SCCCI honoured JAPAN Abe delays tax hike, calls snap election TOP STORIES 2 TOP STORIES 4, 15-19 CHINA PLAYS 9 China state-owned firms listed on SGX COMPANIES MARKETS 6 My name:George Energy supply125 words
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TOP STORIES
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Article, Illustration966 2014-11-19 2 Anthony Rowley - He concedes that recovery of the economy had stalled owing to the April consumption tax hike By Anthony Rowley btworld@sph.com.sg Tokyo TAKING what is widely seen as the biggest gamble of his political career, Japanese Prime MinisterPHOTO: AFP - 966 words
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902 2014-11-19 2 Neil Behrmann - Emerging economies also stocking up, driven by fears of negative impact of QE policies By Neil Behrmann btworld@sph.com.sg London RUSSIA has stepped up purchases of gold to counter sanctions, while the central banks of China and other emerging markets have902 words
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Article, Illustration711 2014-11-19 3 Lynette Khoo - China’s cooling market, abundant liquidity and a strong renminbi driving capital outwards: Cushman report By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore THE cooling real-estate market in China has prompted mainland Chinese investors to put their cash to work in overseas properties,Source: RCA, Cushman & Wakefield - 711 words
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540 2014-11-19 3 It is the biggest fall since 2011 and could hinder growth REUTERS AFP Beijing CHINA’S home prices fell for the second consecutive month in October from a year earlier, official data showed on Tuesday, pointing to a persistent property downturn despite government effortsREUTERS; AFP - 540 words
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572 2014-11-19 4 Malminderjit Singh - Like sister firm OW Bunker Far East, Dynamic Oil Trading has appointed KPMG as provisional liquidator By Malminderjit Singh msingh@sph.com.sg @MalminderjitBT Singapore THE fallout from the collapse of beleagured Danish marine fuel supplier OW Bunker continues. Its Singapore subsidiary, Dynamic Oil Trading572 words
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Article, Illustration651 2014-11-19 4 Claire Huang - The Singapore Chinese Chamber of Commerce and Industry and singer JJ Lin also conferred awards for contributions to S’pore-China ties By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore LIU Thai Ker, often hailed as Singapore’s Father of Urban Planning, has been awarded the top honour forPHOTO: LIANHE ZAOBAO - 651 words
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416 2014-11-19 4 Chuang Peck Ming - By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore THE PAP Seniors Group, an advocacy body of the ruling People’s Action Party (PAP), wants the government to take a tougher stand in pushing the rehiring age for older workers to 67. It416 words
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Advertisement258 2014-11-19 2 mm cutting through complexity KPMG SEMINAR SERIES Remuneration Reporting in Forms IR8A/IR21 Workshop 2015 i -ii Forms IR8A (Return of Employee's Remuneration) and IR21 (Notification of a Non-Citizen Employee's Cessation of Employment or Departure from Singapore) are important statutory tax returns. Employers are expected to accurately prepare these forms for258 words
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Advertisement67 2014-11-19 3 Here for generations You have spent a lifetime growing your business and building wealth. Now you want future generations to understand the responsibilities that come with it. Supported by the bank that helps them aim higher. That’s good for a legacy beyond wealth. Here for good sc.com/hereforgood IS ss s67 words
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Advertisement216 2014-11-19 4 THE HEAD FOUNDATION PUBLIC LECTURE SERIES Panel Discussion: Asian Leadership in aTGIobalising World WITH DISTINGUISHED PANELISTS PROFESSOR HENRIK BRESMAN Academic Director HEAD Foundation; Faculty Director NSEAD Global Leadership Center MR. KWAN CHEE WEI CEO, Human Capital Feadership Institute (HCFI) DR. ZSUZSANNA TUNGLI FounderTungli Consulting; Adjunct Assistant Professor Cross-Cultural Management and216 words
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COMPANIES & MARKETS
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595 2014-11-19 6 Cai Haoxiang - SGX’s update comes on the heels of the launch of the Shanghai-Hong Kong stock-trading link By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore THE Singapore market contains nine stocks that are wholly or partial-ly-owned by state-owned enterprises (SOEs) in China, the Singapore Exchange (SGX) told595 words
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481 2014-11-19 6 Claire Huang - By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore BRITISH life insurer Prudential has posted a 17 per cent increase in new business profit for the first nine months of the year to £1.51 billion, on the back of higher sales in its three481 words
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Article98 2014-11-19 6 REUTERS Kuala Lumpur MALAYSIAN Airline System Bhd, the loss-making airline that was hit by two separate jet disasters this year, has delayed the release of its thirdquarter results to Nov 28 to allow time to include more details, a representative said. The state-run company was scheduledREUTERS - 98 words
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Article, Illustration612 2014-11-19 7 Lynette Khoo - Projects include a healthcare hub; also set up is Guangdong Enterprise Association (Singapore) By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore TRADE and economic collaboration between Singapore and China’s southern province of Guangdong received a shot in the arm on Tuesday with another 17612 words
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Article, Illustration63 2014-11-19 8 STI Catalist Straits Times Index NOV 18,2014 3,313.73 +25.06 (+0.76%) Current streak 1 day Day high 3,313.73 Day low 3,296.18 52-week high 3,374.06 (July 31, 2014) 52-week low 2,960.09 (Feb 5, 2014) FTSE ST Catalist index NOV 18,2014 791.75 +18.20 (+2.35%) Current streak 1 day Day high 793.34 Day low63 words
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Article, Illustration613 2014-11-19 8 R Sivanithy - Gains have been attributed to firm opening in Europe markets which suggests another Wall Street rally TT STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT AFTER dropping 27 points on Monday, the Straits Times Index regained 25.06 to finish at 3,313.73 on Tuesday. The bounceSource: Bloomberg - 613 words
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Article308 2014-11-19 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 229 +1 231/228 250 206 6.2 5786.2 CapitaLand 323 -1 325/320 348 268 16.2 2.5 *****.5 CapitaMall Trust 198.5 +1.5 198.5/196 209 180 5.2 6884.6 CityDev 979 +20 982/957 1118 860 13.3308 words
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Article37 2014-11-19 8 VOLUME OLS Enterprise 61,427,000 ThaiBev 60,067,000 IHC 55,357,000 Genting Sing 51,686,000 Memstar Tech 47,003,000 Market volume 1,508,789,000 VALUE Genting Sing 55,130,785 Global Logistic 53,886,396 SingTel 53,214,075 DBS Grp 49,798,310 Wilmar Intl 42,739,510 Market value 1,021,151,00037 words
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Article107 2014-11-19 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 334 +1 291 335/334 343/298 334/335 IS MS India US$ US775 +1 233 776/768 779/541 775/777 96.9 UETF SSE50China 160 -8 109 164/160 173/140 160/163 50 Lyxor CRBNonEny US$ US235 +2 49 235/234 261/228107 words
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Article77 2014-11-19 8 Nov 18 VALUE CLOSE BT OB/OS -427.00 +126.00 BT CADI -*****.00 +52.00 BT 10-day MA -*****.00 -43.00 FTSE ST Mid Cap 747.25 +2.12 FTSE ST Small Cap 514.77 +1.90 FTSE ST All Share 797.58 +5.23 FTSE ST China Top 190.94 +0.36 FTSE ST China 224.13 +0.40 FTSE77 words
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Article, Illustration35 2014-11-19 8 STI FTSE ST All-Share FTSE ST All-Share index NOV 18,2014 797.58 +5.23 (+0.66%) Current streak 1 day Day high 797.58 Day low 794.05 52-week high 819.39 (July 31, 2014) 52-week low 722.35 (Feb 5, 2014)35 words
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Article, Illustration33 2014-11-19 8 STI MSCI EAFE MSCI EAFE Index NOV 17,2014 1,805.14 -8.05 (-0.44%) Current streak 1 day Day high 1,816.41 Day low 1,796.62 52-week high 1,995.49 (July 3, 2014) 52-week low 1,714.64 (OCt 16, 2014)33 words
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Article186 2014-11-19 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 8 3 5 0 0 0 8 3 5 Manufacturing 47 46 34 7 8 14 54 54 48 Commerce 24 11 17 5 7 3 29 18 20 Tpt/Stor/Comms 13 8 19186 words
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Article121 2014-11-19 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,402 19,402 69,954 69,954 Manufacturing 242,202 40,602 282,804 149,201 3,140 152,341 Commerce 78,733 31,520 110,253 67,831 3,451 71,282 Tpt/Stor/Comms 81,052 1,210 82,262 124,878 446 125,324 Finance 26,830 10 26,840 134,287 2 134,289 Construction 29,719 33,493121 words
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Article74 2014-11-19 8 BY CENTS CLOSE UP 52w high/low Hyflux 6% CPS ***** 238.0 2.3 *****/***** JMH USD 6079 102.5 1.3 6460/4934 Jardine C&C 4165 102.0 2.5 4901/3330 GLD US$ ***** 68.8 0.5 *****/***** Lyxor US DJIA US$ 1792 67.5 3.0 1796/1570 BY PERCENTAGE CLOSE UP 52w high/low Digiland Intl 0.2 100.074 words
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Article77 2014-11-19 8 BY CENTS CLOSE DOWN 52w high/low DBXT Vietam US$ 2880 -40.2 -1.1 3100/2384 DBXT CSI300 US$ 735 -28.6 -2.9 784/613 DBXT China50 US$ 3139 -28.6 -0.7 3367/2577 IS Asia BND US 1059 -18.2 -1.3 1073/986 DBXT S&P Short US$ 2274 -14.3 -0.5 2752/2264 BY PERCENTAGE CLOSE DOWN 52w high/low77 words
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Article80 2014-11-19 8 VOL CLOSE($) CHANGE EuNetworks 11,256.0 1.160 +0.285 +32.57 ES 573.0 0.197 +0.035 +21.61 S i2i 13,448.0 0.005 +0.001 +25.00 Hengyang Petro 50.0 0.240 -0.040 -14.29 GDS Global 172.0 0.415 -0.085 -17.00 Spackman 35,712.0 0.280 +0.040 +16.67 Sunlight 500.0 0.021 -0.006 -22.22 Allied Tech^ 50.0 0.028 +0.004 +16.67 Epicentre80 words
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BROKERS’ TAKE
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Article132 2014-11-19 8 HOLD Nov 18 close, S$0.198 Target price: S$0.19 DBS Group Research, Nov 18 REVENUE fell 51 per cent (S$47.3million) in both structural steelworks (-51 per cent year-on-year, S$27.6 million) and specialist civil engineering (-49 per cent year-on-year, S$19.7 million) segments. Yongnam’s operations are in transition, as key projects132 words
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Article155 2014-11-19 8 HOLD Nov 18 close: S$0.44 Fair value: S$0.48 OCBC Investment Research, Nov 18 REVENUE growth for the drilling business was flat on a sequential basis as two land rigs were idle due to tensions in Kurdistan. We understand, however, that one of the two land rigs has resumed155 words
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Article171 2014-11-19 8 Chan Yi Wen - Compiled by Chan Yi Wen BUY Nov 18 close: S$0.565 Target price: S$0.89 OSK-DMG, NOV 18 CENTURION announced that it has won an open tender for a 12,000-bed dormitory land plot, comprising a 99-year-lease land area of 12.6ha, in Juru, Penang, Malaysia from Penang Development Corporation for S$8.06171 words
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Article16 2014-11-19 8 DATA I 3am US Federal Open Market Committee Meeting Minutes I4pm Singapore COE Bidding Results16 words
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438 2014-11-19 9 TT CURRENCIES REUTERS London THE euro regained ground against the dollar on Tuesday after a better than expected survey of German economic sentiment while the yen touched a seven-year low after a snap election was called in Japan. The euro jumped aroundREUTERS - 438 words
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FOREX RATES
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Article471 2014-11-19 9 NOV 18 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.983 5.337 0.698 6.762 53.858 105.889 1.017 9.584 2.924 1.098 88.648 39.207 1.132 9.675 0.839 26.835 28.595 0.557 0.872 Canada 1.018 5.431471 words
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Article155 2014-11-19 9 NOV 18 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1312 1.1328 0.8718 0.8723 Canadian dollar 1.1513 1.1528 0.8877 0.8872 Euro 1.6201 1.6217 1.2485 1.2488 NZ dollar 1.0304 1.0316 0.7941 0.7944 Sterling pound 2.0315 2.0340 1.5656 1.5663155 words
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Article22 2014-11-19 9 NOV 18 S$ Bid Offer 1-month 1.2977 1.2989 2-months 1.2978 1.2990 3-months 1.2978 1.2990 6-months 1.2977 1.2990 Source: OCBC22 words
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EQUITY BONDS WARRANTS FUTURES
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Article362 2014-11-19 9 Nov 18 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.84 *****.76 *****.50 Dec14 *****.00 *****.00 *****.00 *****.00 *****2 *****7 Mar15 *****.00 *****.00 *****.00 *****.00 68 3485 MSCI TAIWAN INDEX FUTURES SPOT 332.00 333.02 328.74 Nov14 331.40 333.70 329.30 330.20 ***** *****9 Dec14 331.60362 words
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213 2014-11-19 9 Most active Nov 18 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left OLS Enterprise W*****5 0.4 unch 4984 1 1 8 3.25 33 DBS MB eCW*****2 11.1 0.7 3980 0.1 0 7 TIH Limited W*****9 0.4 0.1 3571 1213 words
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373 2014-11-19 9 In local curr In S$ In US$ dy yr dy yr dy yr Nov 17 Index Change Change Change Change Change Change World Preliminary 1264.2 -0.2 6.7 -0.3 6.0 -0.3 3.1 EAFE Preliminary 977.6 -0.4 2.2 -0.5 -3.1 -0.4 -5.8 Europe Preliminary 1370.5 0.4 1.2373 words
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BANK RATES
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Article154 2014-11-19 9 Nov 18 $S Offer Bid 0vernight 0.06 0.03 1-month 0.4375 0.3125 2-months 0.4375 0.3125 3-months 0.4375 0.3125 Overnight mode: 0.15 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12154 words
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Article36 2014-11-19 9 NOV 18 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 0.***** 3 mths 0.***** 6 mths 0.***** Source: Thomson Reuters36 words
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Article61 2014-11-19 9 Nov 18 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****F 3.75 01-Sep-16 105.77 5-Year N*****0H 1.625 01-Oct-19 100.58 10-Year NY*****H 3.000 01-Sep-24 105.96 106.10 106.10 15-Year NY*****E 2.875 01-Jul-29 102.39 20-Year NZ*****V 3.375 01-Sep-33 107.88 108.15 108.05 30-Year NA*****N 2.750 01-Apr-4261 words
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AGRI METALS ENERGY
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Article212 2014-11-19 9 NOV-17 Price Net change change Last Trade Agricultural Nov-17 CBOT Soybeans (US cents/bu) 1036.25 13.75 1.34% 14/01/2015 CBOT Soybean Oil (US cents/lb) 32.45 0.25 0.78% 12/12/2014 CBOT Wheat (US cents/bu) 551.75 -8.75 -1.56% 12/12/2014 Nov-17 LIFFE Cocoa (£/tonne) 1897.00 16.00 0.85% 12/12/2014 LIFFE Coffee (US$/tonne) 2065.00 -9.00 -0.43%212 words
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Article57 2014-11-19 9 NOV 18 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Nov 14 2210.0 2230.0 2231.0 2210.0 275 8609 Dec 14 2224.0 2248.0 2250.0 2220.0 8815 ***** Jan 15 2229.0 2251.0 2254.0 2225.0 ***** ***** Feb 15 2235.0 2254.057 words
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Article, Illustration608 2014-11-19 10 Chan Yi Wen - Analysts cite continuing overcapacity; longer term demand hinges on India and China By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore OVERSUPPLY, coupled with weakened demand, has led analysts to believe both thermal and coking coal prices will remain under pressure up tillSource: Bloomberg - 608 words
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Article, Illustration550 2014-11-19 10 Chan Yi Wen - By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore RETIRING at age 28 may be an inconceivable notion to many, but to 35-year-old Edward Lee it was a way of life. He has quite a story to share. Mr Lee graduated in accounting and finance from the550 words
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809 2014-11-19 10 Chan Yi Wen - By Chan Yi Wen yiwenc@sph.com.sg @ChanYiWenBT Singapore SEIZING opportunities in the bear market, Singapore mainboard-listed Sino Construction has been aggressively acquiring coal assets and is now on the hunt for more. Just this year, it has locked in three new809 words
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Article, Illustration404 2014-11-19 10 REUTERS Washington SEVEN of the 30 largest US corporations paid more money to their chief executive officers last year than they paid in US federal income taxes, according to a study released on Tuesday that was disputedREUTERS; PHOTOS: BLOOMBERG - 404 words
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Advertisement230 2014-11-19 6 POWERPAC POWERPAC INTERNATIONAL INC., ISA OUR NATION PR DE L >- h r £^3 rr nrn *4 m m p 0WERPAC C VVEflPACI PO m POWERPAC THE BIG EVENT ABOUT BAUMA Join us next week where the world’s largest and widest range of construction equipment, road-making machinery, trucks, plants and230 words
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Advertisement218 2014-11-19 7 InvestorRelationsHighlights AVIC International Maritime Holdings Limited, an integrated marine and offshore one-stop solution provider under the AVIC Group, reported a net profit of RMB1.8 million for its 3Q2014. Mr Diao Weicheng, Executive Chairman of AVIC Maritime commented, “Moving forward, we hope to play a more active role in China’s shipbuilding218 words
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Advertisement110 2014-11-19 7 WE ARE Guided by our time-tested investment process. PIMCO Our Secular Outlook provides a strategic investment framework for the next 3-5 years Quarterly Cyclical forums ensure alignment with shorter-term investment objectives Regular Investment Committee meetings guide day-to-day decision-making Regional experts in global offices provide local market insights Wa I TTi>110 words
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Advertisement26 2014-11-19 10 Everything, plus the kitchen sink Select furniture for your home or showcase your merchandise in CLASS 114 To advertise, call the Print Classified Hotline: 1800-289 998826 words
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REAL ESTATE
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723 2014-11-19 11 Nisha Ramchandani - Globally, Fifth Avenue in New York is the priciest, at US$3,550 per sq ft per year By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT @Nisha_BT RETAIL rents at Singapore’s iconic shopping belt Orchard Road are the seventh most expensive in the Asia-Pacific, even723 words
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Article, Illustration523 2014-11-19 11 Lynette Khoo - By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT THE Housing and Development Board (HDB) released a mixed-use site in Yishun and an executive condominium (EC) site at Anchorvale Crescent in Sengkang for tender on Tuesday that are estimated to yield a totalSource: HDB - 523 words
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Article, Illustration527 2014-11-19 11 BLOOMBERG +Sydney GREENLAND Holding Group Co is in talks with Australian agricultural companies on possible takeovers and plans to complete its first deal in six months. The Chinese state-owned company, which has already invested A$1.6 billion (S$1.8 billion) in Australian realBLOOMBERG; PHOTO: REUTERS - 527 words
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Advertisement154 2014-11-19 11 WORLD’S FINEST SERVICED OFFICES SERVICED OFFICES For the 1-10 person business Fully furnished prestigious offices Business registration offices available Sea View Offices Available Now; First 3 Months Free on a 6 Month Lease Dedicated receptionist answering your calls the way you would like Meeting rooms, bilingual secretaries Global IT infrastructure154 words
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BANKING & FINANCE
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445 2014-11-19 12 Claire Huang - Move follows business review; bank says financial institutions are still an important client base By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore STANDARD Chartered Bank Singapore has moved to shutter accounts with selected Singapore financial institutions as part of its business review, as the lender445 words
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Article, Illustration949 2014-11-19 12 NYT New York STOCKS are surging, corporate executives are ambitious and debt is cheap. The result is one of the biggest booms in mergers and acquisitions (M&A). A US$ 100 billion worth of mergers made on Monday added to the tally,NYT; PHOTO: REUTERS - 949 words
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484 2014-11-19 12 BLOOMBERG New York EUROPE still hasn’t regained investor confidence in its banks. The European Central Bank’s (ECB) stress tests of the region’s lenders failed to provide an accurate gauge of their financial stability, according to 51 per cent of respondentsBLOOMBERG - 484 words
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Advertisement914 2014-11-19 12 The Business Times NOTICES IN THE MATTER OF COMPANIES ACT, CAP. 50 AND IN THE MATTER OF JAPANESE MAMA PTE. LTD. REG NO. *****1960R (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 Final914 words
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ENERGY & COMMODITIES
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Article, Illustration891 2014-11-19 13 Aggressive bidding may increase acquisition costs, while staying away isn’t an option as that would wreck projects BLOOMBERG Mumbai INDIAN billionaires seeking to regain lost coal mining permits face rising debt at their companies when they take part in auctions theBLOOMBERG; PHOTO: BLOOMBERG - 891 words
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369 2014-11-19 13 BLOOMBERG Melbourne A “LARGE” production cut by Opec to prop up crude prices isn’t in the group’s own interests because it’s likely to bolster an expansion of US shale oil, according to Goldman Sachs Group Inc. While the slide in pricesBLOOMBERG - 369 words
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297 2014-11-19 13 BLOOMBERG Johannesburg WITH platinum prices at a five-year low, Anglo American Platinum Ltd is seeking to boost demand for the metal with systems that produce electricity in remote areas. Platinum, now used mostly for jewellery and catalytic converters for vehicles, hasBLOOMBERG - 297 words
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Advertisement49 2014-11-19 13 m m K A v Vi rr 'T 1 «t a \< r cA u acy m3eF HOROLOGICAL LAB WWW.MBANDF.COM a THE HOURGLASS SINGAPORE PARAGON MORE PASSION ION ORCHARD L'ATELIER KNIGHTSBRIDGE MALMAISON TEL: 65-6735 6466 TEL: 65-6509 9268 TEL: 65-6884 8484 KUALA LUMPUR PAVILION SHOPPING MALL TEL: 603-2148 8930 WWW.THEHOURGLASS.COM49 words
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TECHNOLOGY
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553 2014-11-19 14 Amit Roy Choudhury - It expects spending to grow by 3% each year over the next four years By Amit Roy Choudhury amit@sph.com.sg @AmitRoyCBT Singapore VARIOUS e-Government and Smart Nation initiatives planned by Singapore over the next few years are expected to keep553 words
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Article, Illustration636 2014-11-19 14 Jacquelyn Cheok - But it is up to cabbies to take part in integrated service By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore IMAGINE being able to listen to your preferred music during a taxi ride. From Friday, Singapore users of the cab ride-booking app Uber636 words
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363 2014-11-19 14 BLOOMBERG San Francisco FACEBOOK Inc is testing a version of its social network that will let people communicate and collaborate at work, a person familiar with the matter said, taking on tools from Microsoft Corp and Salesforce.com Inc. The product, which is in trials atBLOOMBERG - 363 words
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783 2014-11-19 14 Tiny gadgets often hold the greatest mystique for jet-setting business execs NYT New York DIGITAL projectors that fit in your pocket. Speakers the size of gingerbread cookies. Virtual keyboards small enough to hang from your key ring. The business travelNYT - 783 words
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Page 14 Advertisements
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Advertisement285 2014-11-19 14 Trend Following with Michael Covel As Featured on: How does Trend Following work? Trend following is a very straightforward trading strategy that can extract profits from up, down and black swan markets (rare or surprise events). For example, pretend you have no idea what way a market will go or285 words
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Advertisement1 2014-11-19 14 Hospitality&TourismConference2011 words
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BUSINESS CHINA AWARDS 2014
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Article, Illustration1690 2014-11-19 16 Strong Singapore-China bilateral relations enable both countries to work closely together and actively promote trade and investment THE recently concluded 25th Asia-Pacific Economic Cooperation (Apec) summit hosted by Beijing has been hailed as a stellar showing of China’s growing confidence and poise on the international stage. It1,690 words
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Article, Illustration508 2014-11-19 16 FRANCIS KAN - Since 1906, the Singapore Chinese Chamber of Commerce Industry has been a key link for businesses in China and Singapore. BY FRANCIS KAN BY FRANCIS KAN FOR over a hundred years, the Singapore Chinese Chamber of Commerce Industry (SCCCI) has been an advocate for promoting508 words
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Article, Illustration876 2014-11-19 18 CHOW YING HOON - Mando-pop star JJ Lin wins a business award for his contributions to Singapore-China relations.BY relations.BY CHOW YING HOON THERE used to be two JJ Lins: The JJ fluently expressing himself in English, at home in all senses of the word in Singapore; and the JJ speaking Mandarin,FILE PHOTO - 876 words
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Article, Illustration678 2014-11-19 18 FRANCIS KAN - Over three decades, architect Liu Thai Ker has established himself as a respected adviser to China’s city and provincial leaders. BY FRANCIS KAN LIU Thai Ker was bestowed with an unexpected honour in the Chinese city of Guilin recently, when officials there asked him678 words
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Article, Illustration670 2014-11-19 18 FRANCIS KAN - OCBC’s acquisition of Wing Hang Bank will give the Singapore bank a springboard to grow its business in North Asia. BY FRANCIS KAN BY FRANCIS KAN WITH the acquisition of Hong Kong’s Wing Hang Bank, OCBC now has a strong platform to grow both670 words
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Advertisement738 2014-11-19 19 OVERACENTURYOF BRIDGINGSINGAPORE’STIESWITHCHINA SINGAPORE PROVISION SHOP FRIENDLY ASSOCIATION SINGAPORE RELIGIONS GOODS MERCHANTS ASSOCIATION SINGAPORE RENOVATION CONTRACTORS MATERIAL SUPPLIERS ASSOCIATION SINGAPORE RETAIL LIQUOR SHOP ASSOCIATION SINGAPORE ROPE HARDWARE PAINT MERCHANTS ASSOCIATION SINGAPORE RUBBER MILLERS ASSOCIATION SINGAPORE SABAH IMPORTERS EXPORTERS ASSOCIATION SINGAPORE SANITARY WARE IMPORTERS AND EXPORTERS ASSOCIATION SINGAPORE SCHOOL PRIVATE HIRE BUS738 words
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CONSUMER
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Article, Illustration814 2014-11-19 20 Brazilians, who enjoy dining out but are priced out of posher eateries, are going for mid-range F&B choices BLOOMBERG Sao Paulo BRAZILIAN consumers, squeezed by stagnant growth and a weaker currency, are buying fewer foreign goods, but one American import that is thrivingBLOOMBERG; PHOTO: BLOOMBERG - 814 words
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616 2014-11-19 20 Discovery helps patients who cannot tolerate statins NYT New York THE first time since statins have been regularly used, a large study has found that another type of cholester-ol-lowering drug can protect people from heart attacks and strokes. The findingNYT - 616 words
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Advertisement445 2014-11-19 20 52 ??p:r Strategies To Grow and Protect Your Property Investments All prices are inclusive of GST 0^ Register Now stand to win an IPHONE 6 Y4i m |!S::=! :ii A Terms Conditions apply fl DAY 1 SATURDAY, 29 NOV 2014 DAY 2 SUNDAY, 30 NOV 2014 WHY ATTEND? *Terms and445 words
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GOVERNMENT & ECONOMY
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Article, Illustration727 2014-11-19 21 Drop in bank lending appears to have reversed, economies of most countries growing, he says NYT Frankfurt THE president of the European Central Bank has given a slightly more optimistic assessment of the eurozone’s economy, saying that a decline in bank lending appearsNYT; PHOTO: BLOOMBERG - 727 words
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442 2014-11-19 21 AFP Brussels COST-CONSCIOUS European Union (EU) governments and a more gener-ous-minded European Parliament failed to reach an eleventh-hour agreement for the bloc’s 2015 budget, forcing officials to draw up a new proposal. “No deal on EU budget, EU Commission to presentAFP - 442 words
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720 2014-11-19 21 AFP London FEWER babies could mean an “economic miracle” for sub-Saharan Africa, with gains of US$500 billion a year over three decades for the region, the United Nations Population Fund (UNFPA) said on Tuesday. The State of World Population report said a totalAFP - 720 words
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Article, Illustration770 2014-11-19 21 BLOOMBERG Sydney AUSTRALIA’S economy has spare capacity and contained inflation that justify loose monetary policy, and would benefit from an extended period of housing construction growth, central bank Governor Glenn Stevens said. “The level of interest rates, although very low,BLOOMBERG - 770 words
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595 2014-11-19 22 But benign inflation environment remains, with Fed in no hurry to raise short-term rates LATEST US DATA REUTERS Washington US PRODUCER prices unexpectedly rose in October, but the underlying trend continued to point to a benign inflation environment that could persuade the FederalREUTERS - 595 words
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814 2014-11-19 22 Chuang Peck Ming - 2013 slide comes amid spike in US services exports to the world and to Asia-Pac By Chuang Peck Ming peckming@sph.com.sg Singapore THE spike in shipments of US services to Singapore in 2012 failed to follow through last year. Despite sliding, the exports814 words
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Article, Illustration602 2014-11-19 22 REUTERS BLOOMBERG Canberra PRIME Minister Narendra Modi said he wants to speed up negotiations on a comprehensive economic partnership agreement with Australia as he seeks better access for Indian businesses to the nation’s markets. “This is a natural partnership arising fromREUTERS; BLOOMBERG; PHOTO: REUTERS - 602 words
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651 2014-11-19 22 Jeffrey Hutton - By Jeffrey Hutton btworld@sph.com.sg Jakarta AFTER announcing Indonesia’s second hike in the price of subsidised fuel in as many years, President Joko Widodo faces the daunting task of selling the reform not only to voters but to members of651 words
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519 2014-11-19 22 AFP Frankfurt INVESTMENT sentiment in Germany rebounded in November, a survey found on Tuesday, adding to signs that Europe’s biggest economy is stabilising, in another piece of positive news for the eurozone. After hitting a 22-month low in October, the widelyAFP - 519 words
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Advertisement346 2014-11-19 21 The Business Times NOTICES Notice of appointment of a liquidator under Section 204 of the BVI Business Companies Act DFN Investments Limited Company No. *****26 (in voluntary liquidation) NOTICE is hereby given, in accordance with the BVI Business Companies Act, 2004 that the above named company, is in voluntary liquidation.346 words
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TRANSPORT
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Article, Illustration988 2014-11-19 23 DAVID HUGHES - The industry has no choice, except whether to go along reluctantly or embrace the change TT STRAIT TALK BY DAVID HUGHES THE giant shipping group Maersk made an important commitment at the BSR Conference 2014 in New York a couple of weeks ago. BSR is aPHOTO: BLOOMBERG - 988 words
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159 2014-11-19 23 REUTERS Detroit THE top dealer group slightly boosted its forecast for new vehicle sales in the US next year close to the 17 million level, citing the improving economy. The National Automobile Dealers Association (Nada) now expects new vehicle salesREUTERS - 159 words
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713 2014-11-19 23 REUTERS Singapore JETSTAR Hong Kong has sold six of its nine new Airbus A320s and many of its pilots have either quit or been redeployed all before the budget airline’s first commercial flight. Nearly 18 months after the lowcost carrier, backedREUTERS - 713 words
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Article, Illustration786 2014-11-19 23 REUTERS Tokyo AS Takata Corp comes under scrutiny for air bag defects, bankers are weighing up the potential fallout for the Japanese family behind the 81 -year-old company, and the third-generation CEO who controls it. As one reference for what Takata mayREUTERS - 786 words
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Article, Illustration544 2014-11-19 24 S Jayasankaran - Intense competition first sent AAX into the red in FY2013; its first half 2014 loss was RM140m By S Jayasankaran btworld@sph.com.sg Kuala Lumpur MALAYSIA’S long-haul budget carrier Air Asia X (AAX) was one of the most heavily-traded stocksPHOTO: BLOOMBERG - 544 words
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288 2014-11-19 24 It will contribute US$53.1b, or 37.5%, to the emirate’s economy by 2020: study AFP Dubai AVIATION will account for more than a third of Dubai’s economy by 2020, a study said of the Gulf emirate which has become a major internationalAFP - 288 words
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268 2014-11-19 24 REUTERS Seoul SOUTH Korea launches a massive new government agency this week to handle emergency rescue and safety management seven months after a ferry disaster killed 304 people and was blamed by President Park Ge-un-hye on a failedREUTERS - 268 words
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870 2014-11-19 24 BLOOMBERG New York THE booming market for securities backed by sub-prime car loans is riskier than their ratings imply, say two of the biggest assessors of bond credit quality. Moody’s Investors Service and Fitch Ratings analysts said in interviews that theBLOOMBERG - 870 words
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258 2014-11-19 24 REUTERS Seattle A SLOWDOWN at a busy Washington state port amid a labour dispute could mean that thousands of Christmas trees grown in the Pacific Northwest will not be shipped in time to meet holiday demand in Asia, industryREUTERS - 258 words
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240 2014-11-19 24 AFP Seoul WORKERS at South Korea’s Hyundai Heavy Industries will stage a symbolic overtime walkout on Thursday, a union spokesman said as the world’s largest shipbuilder moves closer to its first full-fledged strike in 18 years. Kim Hyeong-Gyun said wider industrial action couldAFP - 240 words
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Advertisement21 2014-11-19 23 bird’s Eye view OF TENDERJOBS Check out the most comprehensive collection of tender notices in The Straits Times Notices. 14/myj jun21 words
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Advertisement50 2014-11-19 24 URBANATHLON 2015 TEST YOUR STRENGTH. CHALLENGE YOUR SPIRIT. 14KM ROUTE, 9 URBAN OBSTACLES SIGN UP NOW FOR THE EARLY BIRD SPECIAL! MARCH 1, 2015 7AM KALLANG PRACTICE TRACK Prove your mettle in Singapore’s toughest race, which has new obstacles, old favourites and a mystery challenge! SIGN UP AT MENSHEALTH.COM.SG MOREDETAILSINTHISISSUEOFMEN’SHEALTH50 words
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Advertisement37 2014-11-19 24 KISS92 FM place one n songs great All the 1 OpO Op sOp no On a o SOo o 50 OsQ O SOS o pO o Op SOS ID® o so oy<*vy >CKO r D facebook.com/kiss92fm www.kiss92.sg37 words
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Article1732 2014-11-19 25 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PKL KUC KK JKT SUR KAISA 1 60 21/11 23/11 25/11 DREAM ANGEL 7 100 30/11 1/12 MALAYSIA STAR 40 501,732 words
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Advertisement295 2014-11-19 25 C a ila n E n n o r e J e d d a h B r is b a Shanghai Chittagong n e Ho Chi Minh H o n g K o n g J e b e NYK RORO (ASIA) PTE. LTD. REGULAR SERVICE TO Persian Gulf,295 words
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OPINION
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581 2014-11-19 26 EDITORIAL FOR several years equity markets have been able to weather various geopolitical concerns, ranging from worries that Greece’s financial woes would lead to a collapse of the eurozone to more recent problems in Ukraine, the Middle East and the Ebola581 words
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Article, Illustration831 2014-11-19 26 Frank Ching - TT THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 IN the 1980s, when China’s paramount leader Deng Xiaoping introduced the concept of “one country, two systems”, people831 words
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Article, Illustration1279 2014-11-19 26 STEIN TØNNESSON - Russia-China agreement to jointly observe war’s 70th anniversary in 2015 aims to warn Japan against historical revision and could create difficulties for US-Japan alliance.BY STEIN TØNNESSON alliance.BY STEIN TØNNESSON T The writer is a research professor at the Peace Research institute Oslo (PRIO), Norway,PHOTO: REUTERS - 1,279 words
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Article906 2014-11-19 27 Stephen Peters - By Stephen Peters T The writer is vice-president, solutions consulting, Asia-Pacific and Japan, at ACI Worldwide ASIA’S cultural and economic diversity makes it difficult to draw broad generalisations about trends and issues in the financial services industry. However, one clear trend is the growing incidence906 words
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Article, Illustration754 2014-11-19 27 Xavier Chollet - By Xavier Chollet T The writer is a senior investment manager in Pictet Asset Management’s Sector Theme Funds team, and co-manager of the Pictet-Clean Energy fund THE recent UN summit on climate change saw the emergence of an unlikely champion for alternativeFILE PHOTO - 754 words
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Article, Illustration1036 2014-11-19 27 Leon Hadar - Fundamentally opposed to any initiative taken by President Obama because they loathe him Republican Congressmen are determined to fight the China-US agreement on carbon emissions By Leon Hadar Washington IN A POLITICAL and electoral system dominated by two major political parties, the policyPHOTO: REUTERS - 1,036 words
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LIFE & CULTURE
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Article, Illustration890 2014-11-19 28 BLOOMBERG Madrid A GROUP of Spanish actresses has found a novel way to protest the government’s taxation of the performing arts: They’re selling pornography. Theatre company Primas de Riesgo is registering as a porn distributor after getting hold of 300BLOOMBERG; PHOTO: AFP - 890 words
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Article, Illustration659 2014-11-19 28 Redevelopment of the under-used land aims to create a pleasing waterfront REUTERS Mumbai THE redevelopment of Mumbai’s mostly derelict docklands will, if a government appointed panel has its way, create a waterfront where people living in the world’s second most densely-populated city can go toREUTERS; PHOTO: REUTERS - 659 words
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312 2014-11-19 28 BLOOMBERG Chicago ROCKER Neil Young and other activists are criticising Starbucks Corp for its membership in a trade association fighting Vermont’s new food-label-ling law. An advocacy group called SumOfUs wants Starbucks to sever ties with the Grocery Manufacturers Association (GMA), whichBLOOMBERG - 312 words
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Advertisement101 2014-11-19 28 ICON MOMENTS OUT NOW IN BOOKSTORES* K I N O K U N I YA M P H L P O P U L A R T I M E S wxajiim AVi-wu ttKift-i-Ti; xwawi GOOGLE STORE http://goo.gl/lZAySq APP STORE http://goo.gl/NbpRmK I C O N M O M E N101 words
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Page 28 Miscellaneous
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Miscellaneous340 2014-11-19 28 CRYPTIC CROSSWORD Down 1 Total paid initially for oil deposit (4) 2 Looking amazed by a good turn around (4) 3 English go in to support victory for this horse! (7) 4 Two answers about memory evoking smell (5) 5 Forbearance shown to distraught cleaner? (9) 6 Creep caught fishing340 words
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Advertisement240 2014-11-19 29 PRINTING INNOVATION NOW ON A3 9 9 o a o 2) 9 For every Samsung colour copier purchased, choose ONE of the following free gifts*: Samsung GALAXY Note 4 4G+ Samsung GALAXY S5 4G+ Samsung GALAXY Tab S (10.5") LIE SVi Multi-task Effortlessly with Samsung Printing Solutions With every business240 words
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EXECUTIVE MONEY
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Article, Illustration908 2014-11-19 30 Genevieve Cua - But Schroders execs disagree over prospects for emerging market equities By Genevieve Cua gen@sph.com.sg @GenCuaBT MANY global economies are grappling with a disinflationary or deflationary trend, which has implications for investment assets. Schroders multi-asset fund manager Remi Ajewole says the disinflationary trend,PHOTO: BLOOMBERG - 908 words
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412 2014-11-19 30 NYT New York WOULD more racial diversity on Wall Street make financial bubbles less likely to develop? That’s the intriguing possibility raised by an experiment that helps explain what factors lead markets to become subject to speculative booms and busts. And while its answersNYT - 412 words
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Article, Illustration1528 2014-11-19 29 Influence of high-frequency traders in US Treasury market is growing BLOOMBERG New York IN a flash, the bond market went wild. What began on Oct 15 as another sleepy day in the US Treasury market suddenly turned into the biggest jump in volatilityBLOOMBERG; PHOTO: AFP - 1,528 words
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465 2014-11-19 29 TT ON THE RADAR GLOBAL mutual funds were net buyers of Singapore stocks in the three months to Nov 14. The top five stocks saw net buys of S$ 1.9 billion in aggregate, compared to net sells of S$769.4 million. However, stocks with465 words
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Advertisement21 2014-11-19 30 ON THE RADAR Global mutual funds picking up S’pore stocks /29 HIGH-FREQUENCY TRADERS Flash boys of new era of volatility 2921 words
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