The Business Times, 27 September 2016
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2016-09-27
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The Business Times
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Title Section22 2016-09-27 1 THE BUSINESS TIMES A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 052/08/2016 S$1.20 Tuesday, September 27, 201622 words
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Article, Illustration183 2016-09-27 1 Boustead Projects which designs industrial spaces for aerospace and logistics companies is tapping into plans by the Chinese government to ramp up logistics development in the Guangdong province. COMPANIES MARKETS 6 Malaysian lenders are bracing for a hit to profits this year as they bump up provisions for183 words
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Article, Illustration656 2016-09-27 1 Chuang Peck Ming - BT CELEBRATES 40 By Chuang Peck Ming peckming@sph.com.sg @PeckmingBT Singapore THE Business Times, which turns 40 on October 1 on Saturday, celebrated its birthday early on Monday evening with the hardworking people who keep the newsroom spick and span. Some 70 ofPHOTOS: AIDAN LOO - 656 words
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Article27 2016-09-27 1 Monday Change STI 2,849.94 -7.01 KL COMP 1,669.50 -1.49 NIKKEI 225 16,544.56 -209.46 HANG SENG 23,317.92 -368.56 SHENZHEN B 1,178.40 -11.50 DOW (11.45 EDT) 18,118.25 -143.2027 words
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855 2016-09-27 1 Claire Huang - Stakeholders say key areas that could be improved include board renewal, disclosures of corporate governance practices and gender diversity By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore IT may be timely to review the Code of Corporate Governance for listed companies in855 words
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Article, Illustration544 2016-09-27 1 Soon Weilun - By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore BY most accounts, Singapore’s factory output grew in August, leading some economists to suggest that macroeconomic conditions have stabilised. Factory output grew by 0.1 per cent year-on-year last month, up from July’s 3.5 perSource: Singapore Economic Development Board - 544 words
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Page 1 Advertisements
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Advertisement5 2016-09-27 1 *****1 *****1 THE BUSINESS TIMES5 words
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Advertisement7 2016-09-27 1 INNOVATIVE ADEMCO Selling out-of-the-box security solutions SME/267 words
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Advertisement26 2016-09-27 1 OFFICE MARKET Singapore’s prime office rents to bottom in 2018: Knight Frank real estate 12 NUCLEAR AMBITIONS Time to give stronger response to Pyongyang opinion 2226 words
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TOP STORIES
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Article, Illustration469 2016-09-27 2 Jacquelyn Cheok - By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore ORGANISATIONS have been challenged to use technology as an enabler for persons with disabilities, so that the innovations that are developed can help build an inclusive society. Muhammad Faishal Ibrahim, the parliamentary secretary for the469 words
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Article, Illustration537 2016-09-27 2 Sherwin Loh - Company has invested US$4 billion in this expansion, to ramp up production of 3D NAND flash-based memory By Sherwin Loh sherwinl@sph.com.sg @SherwinLohBT Singapore GLOBAL semiconductor company Micron Technology has opened its largest NAND flash memory fabrication facility here, to rampPHOTO: CHEW SENG KIM/ST - 537 words
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259 2016-09-27 2 Samuel Ee - By Samuel Ee samuelee@sph.com.sg Singapore A DEPUTY secretary in the Ministry of Finance (MOF) will become the next chief executive of the Land Transport Authority (LTA) from Nov 12. Ngien Hoon Ping, 47, will succeed Chew Men Leong, who left the agency259 words
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Article, Illustration550 2016-09-27 2 LATEST US DATA BLOOMBERG Washington PURCHASES of new US homes dropped in August after surging a month earlier to the fastest pace since 2007, representing a pause in momentum within residential real estate. Sales fell 7.6 per cent to a 609,000BLOOMBERG; PHOTO: REUTERS - 550 words
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Article, Illustration697 2016-09-27 4 BT Explains SMRT shareholders will vote on Sept 29 on two central issues: the New Rail Financing Framework (NRFF) and Temasek Holdings' takeover of the company. The Business Times examines what the proposals mean, and the road ahead if the votes go through. BY SOON WEILUN Bumpy rideSource: SMRT, LTA, Bloomberg; BT Graphics: Gareth Chung, Hyrie Rahmat - 697 words
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Article, Illustration990 2016-09-27 5 Tributes pour in for ‘The King’, who was loved by fans and fellow golfers for his swashbuckling style, bold putting and affection for the gallery REUTERS Washington ARNOLD Palmer, one of golf’s greatest players whose immense popularity drew a legion of fans to theREUTERS; AFP FILE PHOTO - 990 words
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Page 2 Advertisements
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Advertisement166 2016-09-27 2 The Business Times Showtime Productions present a night of jazz in collaboration with Esplanade Theatres on the Bay Jazzy Business September 30, 2016 Friday, 8pm Esplanade Concert Hall Celebrates BT’s 40th birthday and Cultural Medallion recipient Jeremy Monteiro’s 40th year in showbiz with a programme that includes Grammy-winning jazz guitarist166 words
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Page 3 Advertisements
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Advertisement219 2016-09-27 3 55' ANGZIYUA H MllB l-3—iZ fiV. Mercedes-Benz WINNER N r O GROUP LIMITED W f)J ■a I R;i{ 1 >A' 1# ■1 v JVI i jP /9k O GARDEN CATERING Events Caterer In Singapore Mdm Kek Pau Lee n y 4 More Mercedes-Benz To Be Won! Find out how to219 words
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Advertisement186 2016-09-27 5 Al RFRANCE f FRANCE IS IN THE AIR V 3 .-v r h>ri9 W'S- is—- tmM k r ->v 1V SB#?;; f ><v-. 2fg > V iW’VVX iff 1 m 4a as SHE^i m y*$£y' m mi m it >% ism y sin -'■#1 f V w> S5sr SK -v186 words
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COMPANIES & MARKETS
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Article357 2016-09-27 6 Soon Weilun - It is also selling a unit to Tee Land for S$11.5m By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore LEY Choon Group has entered into a debt-restructuring agreement with its lenders, a move that will result in the sale of its real-estate development subsidiary for about S$357 words
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149 2016-09-27 6 Jamie Lee - By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE Singapore Exchange (SGX) on Monday said shareholders of The Baltic Exchange have voted in favour of the proposed £77.6 million (S$137 million) acquisition by SGX. “We are very pleased at the outcome of the vote and thank149 words
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265 2016-09-27 6 Jamie Lee - By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore BOUSTEAD Projects which designs industrial spaces for aerospace and logistics companies is tapping into plans by the Chinese government to ramp up logistics development in the Guangdong province. It said on Monday that it will work with265 words
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419 2016-09-27 6 BLOOMBERG Singapore OVERSEA-Chinese Banking Corp (OCBC) and affiliates are again weighing the sale of their stake in United Engineers Ltd, a century-old Singapore property and construction company, according to people with knowledge of the matter. OCBC, its insurance arm Great EasternBLOOMBERG - 419 words
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360 2016-09-27 6 Quentin Webb - COMMENTARY By Quentin Webb REUTERS Hong Kong AN Asian cull makes Goldman Sachs look rattled. The US bank is cutting nearly 30 per cent of its investment banking team in Asia outside of Japan. The region’s problems are familiar and longstanding: lumpyREUTERS - 360 words
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Article, Illustration650 2016-09-27 7 Kenneth Lim - Women held 9.9% of board seats in S’pore in 2015, but lower than in Malaysia and Thailand By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore THE percentage of board seats held by women in Singapore-listed companies under Credit Suisse’s coverage universe wentSource: Credit Suisse - 650 words
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523 2016-09-27 7 Tan Effie - By Tan Effie taneffie@sph.com.sg Singapore SPH Magazines Pte Ltd a mul-tiple-award-winning, wholly owned subsidiary of Singapore Press Holdings has positioned itself as an all-in-one media solutions provider, with direct access to all audience segments of women, men and the affluent. Its523 words
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Article, Illustration63 2016-09-27 8 STI Catalist Straits Times Index Sept 26,2016 2,849.94 -7.01 (-0.25%) Current streak 1 day Day high 2,857.00 Day low 2,840.65 52-week high 3,083.07 (Oct 26, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist Index Sept 26,2016 443.64 +3.15 (+0.72%) Current streak 4 days Day high 443.95 Day low63 words
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Article, Illustration604 2016-09-27 8 R Sivanithy - Punting in these stocks helps raise unit volume to 1.3b shares; dollar value, however, is weak at S$662.4m STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index (STI) drifted to a 7.01-point loss at 2,849.94 on Monday and the realSource: Bloomberg - 604 words
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Article303 2016-09-27 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 246 -1 247/243 257 209 6.2 6836.9 CapitaCom Trust 159.5 -0.5 161/158.5 164 127 5.4 4725.3 CapitaLand 315 -1 316/313 340 267 12.6 2.9 *****.9 CapitaMall Trust 214 +2 215/211 225 185303 words
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Article35 2016-09-27 8 VOLUME Magnus Energy 103,353,300 Noble 90,907,000 Annica 90,800,000 Spackman 85,964,000 Alliance Mineral 73,317,900 Market volume 1,573,705,000 VALUE DBS Grp 54,719,908 Singtel 38,572,197 OCBC Bank 34,919,887 HongkongLand USD 29,452,432 SATS 26,873,910 Market value 685,259,00035 words
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Article111 2016-09-27 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap IS MS INDIA US$ US731 -11 168 739/731 772/575 731/735 91.4 STI ETF 289 158 290/289 314/254 289/290 DBXT MSMSIA US$ US1137 -6 38 1139/1135 1230/990 1135/1139 ABF SG Bond ETF 118.7 -1.3 31 120.1/118.7 120.1/112.1111 words
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Article77 2016-09-27 8 Sep 26 VALUE CLOSE BT OB/OS -197.00 -13.00 BT CADI -*****.00 -61.00 BT 10-day MA -*****.00 -20.00 FTSE ST Mid Cap 687.40 -2.30 FTSE ST Small Cap 382.99 -0.25 FTSE ST All Share 700.32 -1.43 FTSE ST China Top 160.52 +0.25 FTSE ST China 197.37 +0.55 FTSE77 words
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Article, Illustration35 2016-09-27 8 STI FTSE ST All-Share FTSE ST All-Share index Sept 26,2016 700.32 -1.43 (-0.20%) Current streak 1 day Day high 701.54 Day low 698.75 52-week high 743.17 (Oct 26, 2015) 52-week low 625.37 (Jan 21, 2016)35 words
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Article, Illustration34 2016-09-27 8 STI MSCI EAFE MSCI EAFE index Sept 23, 2016 1,716.74 -11.34 (-0.66%) Current streak 1 day Day high 1,724.44 Day low 1,713.07 52-week high 1,779.25 (Oct 26, 2015) 52-week low 1,492.43 (Feb 12, 2016)34 words
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Article186 2016-09-27 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 7 5 1 0 0 3 7 5 Manufacturing 29 38 30 13 8 10 42 46 40 Commerce 17 21 12 1 5 4 18 26 16 Tpt/Stor/Comms 7 16 9186 words
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Article121 2016-09-27 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 10,603 192 10,795 33,852 31 33,883 Manufacturing 75,094 110,138 185,232 55,486 788 56,275 Commerce 161,033 12,849 173,882 47,602 250 47,852 Tpt/Stor/Comms 94,666 350 95,016 87,409 35 87,445 Finance 22,772 24 22,796 129,611 3 129,614 Construction121 words
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Article75 2016-09-27 8 BY CENTS CLOSE UP 52w high/low DBXT ASX200 US$ 3534 249.1 5.5 3621/2900 SPDR S&P500 US$ ***** 177.0 0.6 *****/***** DBXT MSEurope US$ 5459 83.1 1.1 5733/4770 JMH USD 6078 38.1 0.5 6371/4500 DBXT S&P Short US$ 1956 34.0 1.3 2362/1930 BY PERCENTAGE CLOSE UP 52w high/low LionGold 0.275 words
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Article61 2016-09-27 8 BY CENTS CLOSE DOWN 52w high/low DBXT Nifty50 ETF10 ***** -144.3 -0.8 *****/***** SPDR DJIA US$ ***** -95.3 -0.4 *****/***** DBXT ChinaS$ 4524 -66.7 -1.1 5000/3918 BY PERCENTAGE CLOSE DOWN 52w high/low KepCorp MBeCW*****1 1.1 -63.3 -1.9 16.5/1.1 Advanced Systems 0.2 -50.0 -0.2 0.6/0.1 Blumont 0.1 -50.0 -0.1 0.5/0.161 words
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Article84 2016-09-27 8 VOL CLOSE($) CHANGE Artivision Tech 33,100.7 0.022 +0.005 +29.41 Swee Hong 45,146.2 0.005 +0.001 +25.00 ChasWood Res 15.0 0.030 +0.003 +11.11 Samko Timber 1.0 0.089 +0.004 +4.71 SunMoonFood 55,311.3 0.061 +0.006 +10.91 Brook Crompton 50.4 0.475 +0.050 +11.77 ICP Ltd 5,922.4 0.008 +0.001 +14.29 Poh Tiong Choon 859.084 words
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BROKERS’ TAKE
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Article267 2016-09-27 8 Target price: S$0.56 Sept 26 close: S$0.44 UOB Kay Hian, Sept 26 We see the strategic tie-up with Heinemann as a significant positive. Other than lower procurement costs, we believe that Heinemann could also help reduce Duty Free International’s (DFI) cash conversion cycle as well as267 words
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262 2016-09-27 8 Kenneth Lim - Compiled by Kenneth Lim Target price: S$2.78 Sept 26 close: S$2.55 CIMB Research, Sept 25 Parkway Life Reit (PREIT) is a beneficiary of the buoyant Japanese real estate market with cap rates still compressing and a fairly active investment market. This will provide262 words
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478 2016-09-27 9 CURRENCIES REUTERS London THE yen was holding strong on Monday in the face of another volley of promises from the Bank of Japan to do everything necessary to get inflation back on the rise, including cutting interest rates further intoREUTERS - 478 words
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FOREX RATES
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Article471 2016-09-27 9 Sep 26 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.003 5.076 0.677 5.902 50.767 99.361 0.766 8.437 3.149 1.052 79.736 36.735 1.036 10.429 0.737 23.945 26.367 0.588 0.761 Canada 0.997 5.062471 words
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Article155 2016-09-27 9 Sep 26 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0356 1.0370 0.7607 0.7612 Canadian dollar 1.0329 1.0339 0.7590 0.7587 Euro 1.5299 1.5314 1.1238 1.1241 NZ dollar 0.9846 0.9859 0.7232 0.7237 Sterling pound 1.7607 1.7624 1.2933 1.2937155 words
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Article22 2016-09-27 9 Sep 26 S$ Bid Offer 1-month 1.3608 1.3621 2-months 1.3608 1.3619 3-months 1.3607 1.3617 6-months 1.3604 1.3616 Source: OCBC22 words
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EQUITY BONDS WARRANTS FUTURES
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Article384 2016-09-27 9 Sep 26 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Sep16 9620.00 9647.50 9457.50 9457.50 *****2 *****5 Oct16 9650.00 9682.50 9497.50 9497.50 *****4 *****1 NIKKEI 225 INDEX FUTURES Dec16 *****.00 *****.00 *****.00 *****.00 ***** *****1 Mar17 *****.00 *****.00 *****.00 *****.00 1051 917 MSCI TAIWAN384 words
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205 2016-09-27 9 Most active Sep 26 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left DBS MB eCW*****1 10.8 -0.1 4069 0.1 1550 5 OCBC Bk MB ePW*****7 4.6 unch 2467 0.1 850 3 DBS VT eCW*****3 12.3 -0.2 2280 0.1 1508205 words
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377 2016-09-27 9 In local curr In S$ In US$ dy yr dy yr dy yr Sep 23 Index Change Change Change Change Change Change World Preliminary 1313.2 -0.2 2.8 0.0 -0.1 -0.4 4.3 EAFE Preliminary 981.1 -0.3 -3.2 -0.3 -4.1 -0.6 0.0 Europe Preliminary 1406.9 -0.4 -0.4377 words
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BANK RATES
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Article154 2016-09-27 9 Sep 26 $S Offer Bid 0vernight 0.05 0.02 1-month 0.625 0.375 2-months 0.8125 0.6875 3-months 0.875 0.75 Overnight mode: 0.03 US$ Offer Bid 7 days 0.55 0.45 1 month 0.63 0.53 2 months 0.80 0.60 3 months 1.00 0.80 6 months 1.30 1.10 9 months 1.50 1.30 12154 words
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Article69 2016-09-27 9 Sep 26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year NY*****A 4.000 01-Sep-18 106.09 106.13 106.09 5-Year NX*****X 2.250 01-Jun-21 104.6 104.70 104.57 10-Year NX*****F 2.125 01-Jun-26 103.31 103.40 103.35 15-Year NZ*****F 2.875 01-Sep-30 110.13 110.20 110.10 20-Year NZ*****X 2.250 01-Aug-36 102.2169 words
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AGRI METALS ENERGY
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Article193 2016-09-27 9 Sep-23 Price Net change change Last Trade Agricultural Sep-23 CBOT Soybeans (US cents/bu) 955.00 -21.50 -2.20% 14/11/2016 CBOT Soybean Oil (US cents/lb) 33.31 -0.65 -1.91% 14/10/2016 CBOT Wheat (US cents/bu) 404.75 -0.75 -0.18% 14/12/2016 Sep-23 LIFFE Cocoa (£/tonne) 2290.00 -30.00 -1.29% 13/12/2016 LIFFE Coffee (US$/tonne) 1961.00 -36.00 -1.80%193 words
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Article57 2016-09-27 9 Sep 26 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Oct 16 2890.0 2900.0 2920.0 2887.0 1480 5705 Nov 16 2753.0 2774.0 2796.0 2745.0 5319 ***** Dec 16 2699.0 2715.0 2737.0 2690.0 ***** ***** Jan 17 2673.0 2685.057 words
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472 2016-09-27 10 Renald Yeo - Acquirers of private firms appear to see higher levels of profitability and size as important; those eyeing public companies target smaller and underperforming ones: study By Renald Yeo yrenald@sph.com.sg Singapore SMALL and underperforming public companies are more likely to become acquisition472 words
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427 2016-09-27 10 Lee U-Wen - By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore MAINBOARD-LISTED real estate and investment company Rowsley on Monday announced plans to operate more football-themed cafes and hotels in the UK through a partnership with the National Football Museum in Manchester. Rowsley, through its427 words
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770 2016-09-27 10 Steven Fang - Whether a FinTech company is a disruptor or enabler is to some extent determined by the very nature and business objective of the company. FINTECH CONSIDERED By Steven Fang T The writer is the CEO of CapBridge, an online platform that enables growth companies770 words
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Article, Illustration262 2016-09-27 10 Lee U-Wen - By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore A group of Singapore’s members of parliament took on a team from the Singapore Exchange (SGX) last Saturday in a game of futsal. The modified football game, which was played to raise funds for262 words
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262 2016-09-27 10 BLOOMBERG Singapore OTTO Marine Ltd, a Singapore-listed builder of ships that service offshore oil and gas facilities, said some creditors are seeking to wind up its subsidiaries in Australia, adding to signs of strains in an industry beset by energy priceBLOOMBERG - 262 words
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CORPORATE DIGEST
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Article24 2016-09-27 10 PROPERTY developer Yanlord Land Group said it has bought two prime development sites in Suzhou city for 3.69 billion yuan (S$753 million).24 words
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Article43 2016-09-27 10 hotel group Shangri-La Asia said its current chairman and chief executive officer Kuok Khoon Chen will relinquish both positions, and his sister, Kuok Hui kwong, will become chairman from start of 2017. Lim Beng Chee will become CEO of Shangri-La Asia.43 words
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Article22 2016-09-27 10 SOILBUILD Construction Group announced on Monday it has secured two contracts worth S$13 million from the entities of Soilbuild Group.22 words
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Article54 2016-09-27 10 STEELWORKS company TTJ Holdings reported a 66 per cent increase in net profit for the 12 months ended July 31, 2016, to S$25.8 million. Cache Logistics Trust CACHE Logistics Trust said Schenker has proposed, to which the trust has agreed, a holding arrangement for 51 Alps Avenue pending54 words
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Article28 2016-09-27 10 CHINA Environment's unit, Fujian Dongyuan Environmental Protection Co, has received a letter of demand from China Construction Bank claiming overdue interest for a working capital loan.28 words
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546 2016-09-27 10 BLOOMBERG Singapore EZRA Holdings Ltd is leading a rebound among Singapore oil-services providers this month, after bearish bets pushed the company’s shares to all-time lows. But the rally will be short-lived amid deepening financial distress in the industry, analysts say. Ezra has surgedBLOOMBERG - 546 words
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Article1753 2016-09-27 11 Transaction date: Sep 26 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High 131 107 AIMS Property 128cd +1.5 2 128 128 1.5 46.2 149 127 AIMSAMP Cap Reit 140.5 unch 240 141.51,753 words
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Article325 2016-09-27 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div 5 1.7 t Acesian Partners 3 unch 190 3 3 4.1 11.2 Net MCap 46.5 29.5 t Advancer Global 40 -2 1333 42.5 39.5 15.9 69.3 LOW325 words
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Article167 2016-09-27 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 86.4 69.1 CIMB APAC Div US$ US81.6cd +1.9 20 81.6 81.6 8.6 905 733 CIMBASEAN40 US$ US865 -22 2 867 865 135.7 3268 2355 DBXT China50 US$ US3147 -61167 words
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Page 6 Advertisements
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Advertisement203 2016-09-27 6 ESMO automation is a business division of the internationally operating German Esmo group with its subsidiaries in China, Malaysia, Singapore, and the USA. As an experienced full-service provider esmo automation offers a comprehensive range of services in the fields of industrial automation and plant engineering from initial planning stages to203 words
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Page 7 Advertisements
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Advertisement935 2016-09-27 7 A SPECIAL ADVERTORIAL FEATURE A A A A A A r Opportunities For ALL-ROUNDED A A A A EXCELLENCE A While finding the perfect balance between academics and co-curricular activities is not an easy feat for most, SIM Global Education (SIM GE) paves the way for its students with a935 words
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Page 8 Advertisements
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Advertisement9 2016-09-27 8 For full listings of SGX prices, go to http://btd.sg/BTmkts9 words
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Advertisement83 2016-09-27 11 SGX== SGX My Gateway Stay informed about Singapore’s stock market with regular market updates, research reports and corporate actions. Sign up on sgx.com/mygateway now. Singapore Exchange W P i to This advertisement has been published for general circulation only. It is not an offer or solicitation to buy or sell,83 words
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REAL ESTATE
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847 2016-09-27 12 Lynette Khoo - More tenants are moving out of older buildings in favour of spanking new Grade A-plus office spaces By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore A FLIGHT-TO-QUALITY among office occupiers is weighing down on rents and occupancies at older Grade A office847 words
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Article, Illustration662 2016-09-27 12 Lee Meixian - By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE greater clout that Marriott International now has, following the completion of its US$13 billion acquisition of Starwood Hotels Resorts last Friday, will give it bargaining power when negotiating fees with online travel agencies like662 words
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Article, Illustration553 2016-09-27 12 BLOOMBERG Bangkok SC CAPITAL PARTNERS, a private equity real estate firm with investments throughout Asia, plans to raise about US$1 billion to expand its portfolio in the region as investors clamour for riskier assets. New funds will come fromBLOOMBERG; PHOTO: AFP - 553 words
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Page 12 Advertisements
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Advertisement69 2016-09-27 12 KnightFrank.com.sg Sale of Tuas Factories by Expression of Interest Rarely available one pair of adjoining JTC standard D8 Factories Excellent location walking distance to new MRT Station Combined land area approx. 120,000 sq ft Combined floor area approx. 59,300 sq ft Leasehold 30+29/30 years from 1996 Selling in pair or69 words
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Advertisement36 2016-09-27 12 Art Deco Villa of the East Anopulentvillaintheeast. Amazing,newandyes, decadent.Superlative. Imaginative.Oneofakind. Apictureisworthathousand wordssofeastyoureyeswith ouramazingslideshowon www.isabelredrup.com/ir1.php FOR SALE www.isabelredrup.com A boutique real estate agency Call+65 *****055 Call+65 *****190 email: susan@isabelredrup.com Agency Licence No: L*****87E CEA Registration No: R*****2I36 words
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Advertisement106 2016-09-27 12 AUSTRALIAN PROPERTY FINANCE Have you recently bought an Australian property and need a loan to complete the transaction? Already own and want to ensure you have the best loan? CONTACT SPECIALIST MORTGAGE HERE IN SINGAPORE FOR A FREE IMPARTIAL REVIEW OF ALL YOUR OPTIONS. W: www.smats.net E: smats@smats.net T: 6293106 words
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STRATEGY SPOTLIGHT
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Article, Illustration1396 2016-09-27 13 FRANCIS KAN - Companies need to invest in the right technology solutions to thrive in today’s uncertain environment. BY FRANCIS KAN WHETHER it is accountants and lawyers trying to create more value for their clients or manufacturers and retailers looking to boost efficiency, businesses across the corporate landscape1,396 words
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Page 13 Advertisements
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Advertisement138 2016-09-27 13 CPA CONGRESS CONNECTING THE BIGGEST MINDS. SINGAPORE I 11 OCTOBER RAFFLES CITY CONVENTION CENTRE CPA Congress, the premier event for the accounting and finance profession, connects you to the world's most recognised thought leaders, innovators and disruptors. Find out about the latest developing trends in grooming new leaders in the138 words
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Advertisement7 2016-09-27 13 This series is brought to you by7 words
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BANKING & FINANCE
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498 2016-09-27 14 Chances are that more loans to the sector are likely to go sour if oil prices do not pick up significantly REUTERS Kuala Lumpur MALAYSIAN lenders are bracing for a hit to profits this year as they bump up provisions for sourREUTERS - 498 words
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Article, Illustration698 2016-09-27 14 BLOOMBERG Beijing CHINA’S smaller banks have never been more reliant on one another for funding, prompting rating companies to warn of contagion risks in any crisis. Wholesale funds, including those raised in the interbank market, accounted for a record 34BLOOMBERG; PHOTO: BLOOMBERG - 698 words
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452 2016-09-27 14 REUTERS Seoul CHINA is investigating executives of a North Korean bank believed to finance the illicit procurement of arms and materials related to the isolated country’s banned nuclear programme, South Korea’s JoongAng Daily reported on Monday. China and the US haveREUTERS - 452 words
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Page 14 Advertisements
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Advertisement1744 2016-09-27 14 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices EUCON HOLDING LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****7762R) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of EUCON HOLDING LIMITED (the “Company”) will be held at Grand Mercure Roxy Hotel1,744 words
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Advertisement2069 2016-09-27 15 PCI LIMITED (Incorporated in the Republic of Singapore) (Co. Reg. No. *****4482N) NOTICE OF ANNUAL GENERAL MEETING AND CLOSURE OF BOOKS NOTICE IS HEREBY GIVEN that the TWENTY-SEVENTH ANNUAL GENERAL MEETING of PCI Limited (the “Company”) will be held at the Multi-Purpose Room, 2nd Floor, 35 Pioneer Road North, Singapore2,069 words
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Advertisement2653 2016-09-27 15 NOTICES Te l 6 2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l a s s c o m s g HAI2,653 words
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Advertisement70 2016-09-27 15 THE BVI BUSINESS COMPANIES ACT, 2004 NOTICE OF LIQUIDATOR’S APPOINTMENT NOTICE is hereby given pursuant to Section 204, subsection (1)(b) of the BVI Business Companies Act, 2004 that DYNAMIC ICON LIMITED is in voluntary liquidation. The voluntary liquidation commenced on 19 th September, 2016. The Liquidator of the Company is70 words
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ENERGY & COMMODITIES
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592 2016-09-27 16 Pauline Ng - 40 countries affected by new ruling, but industry players say that China is main culprit with its dumping activities By Pauline Ng btworld@sph.com.sg Kuala Lumpur BATTLING cheaper imports, Malaysia’s steel coil and reinforced bar manufacturers received some respite this week after592 words
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Article, Illustration573 2016-09-27 16 BLOOMBERG London SAUDI Arabia, the world’s biggest oil exporter, has offered to cut its output to January levels, Algeria’s energy minister said as he prepared to host a meeting of Organization of the Petroleum Exporting Countries (Opec) producers later this week.BLOOMBERG; PHOTO: AFP - 573 words
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413 2016-09-27 16 BLOOMBERG Singapore GOLD may be in for a bumpy ride in the final quarter as Republican candidate Donald Trump now has a 40 per cent chance of winning the presidential election, and investors willBLOOMBERG - 413 words
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Advertisement40 2016-09-27 16 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices TUAS SOUTH AVENUE 14 1 LINK TUAS SOUTH WAY 2 7 AVENUE SOUTH LINK TUAS TUAS SOUTH STREET 12 TUAS SOUTH TUAS SOUTH LINK 2 SOUTH TUAS 11 STREET SOUTH TUAS40 words
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Advertisement521 2016-09-27 17 IN THE GRAND COURT OF THE CAYMAN ISLANDS FINANCIAL SERVICE DIVISION CAUSE NO. FSD 117 OF 2016 IN THE MATTER OF CACOLA FURNITURE INTERNATIONAL LIMITED (the “Company”) AND IN THE MATTER OF THE COMPANIES LAW (2013 REVISION) AND IN THE MATTER OF THE GRAND COURT RULES 1995 O.102 NOTICE IS521 words
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Advertisement2787 2016-09-27 17 NOTICES Te l 6 2 8 9 8 8 2 2 I E m a i l n o t i c e s s p h c o m s g I w w w s p h c l a s s c o m s g CHUAN2,787 words
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TECHNOLOGY
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Article, Illustration986 2016-09-27 18 But they’ll also inherit challenges including management turmoil, lacklustre growth BLOOMBERG San Francisco SALESFORCE.COM Inc and other companies eyeing Twitter Inc may pay more than US$16 billion to get their hands on the social-media company’s valuable data. But they’ll also inherit challenges, includingBLOOMBERG; PHOTO: AFP - 986 words
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299 2016-09-27 18 BLOOMBERG Jerusalem SAMSUNG Electronics Co opened a branch of its early-stage technology investment programme in Tel Aviv to better tap the innovative engineering for which Israel is known. Investment in individual companies will range up to US$3 million, with no limit on theBLOOMBERG - 299 words
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319 2016-09-27 18 BLOOMBERG London A THIRD of UK adults check their mobile devices in the middle of the night, according to a study from Deloitte that also suggested the pace of consumer adoption of smartphones will fall in the next 12 months. The studyBLOOMBERG - 319 words
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Article, Illustration481 2016-09-27 18 BLOOMBERG Oslo APPLE Inc losing steam only makes it a bargain. The iPhone maker is cheap and the risk is lower, according to Robert Naess, who oversees 33 billion euros (S$50.5 billion) in stocks at NordeaBLOOMBERG; PHOTO: BLOOMBERG - 481 words
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Advertisement894 2016-09-27 18 NOTICES HAI LECK HOLDINGS LIMITED (Incorporated in the Republic of Singapore) (Company Registration Number: *****4461D)\ NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the “EGM”) of Hai Leck Holdings Limited (the “Company”) will be held at 47 Tuas View Circuit, Singapore *****7 on Wednesday,894 words
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CONSUMER
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602 2016-09-27 19 It plans to be the country’s biggest theme-park operator by building 15 multibillion-dollar theme parks by 2020 BLOOMBERG Shanghai IN the year of 383 in the Jin Dynasty, 80,000 soldiers in the town of Feishui successfully warded off attackers who outnumbered them ten-fold.BLOOMBERG - 602 words
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447 2016-09-27 19 BLOOMBERG San Francisco AS MORE Whole Foods customers choose to avoid the store and get groceries delivered to their homes through Instacart, the high-end supermarket chain is taking a stake in the four-year-old startup. Instacart Inc authorised the sale of new equityBLOOMBERG - 447 words
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Page 19 Advertisements
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Advertisement785 2016-09-27 19 Working hand-in-hand with advertisers from a wide spectrum of industries, SPH’s extensive stable of newspapers consistently engage diverse readers with a plethora of creatively designed events. Event sponsorships and joint promotions have shown to be effective in forging closer connection with target audiences and creating greater visibility for brands and785 words
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TRANSPORT
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488 2016-09-27 20 Anthony Rowley - Budget carrier sees move opening large volumes of travel from South-east Asia to the popular Japanese tourist destination via the Republic By Anthony Rowley btworld@sph.com.sg Tokyo ON Saturday, Singapore Airlines’ low-cost carrier Scoot will inaugurate three-times-a-week flights from Singapore to Hokkaido a move488 words
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Article, Illustration326 2016-09-27 20 REUTERS Toronto CANADA’S Unifor union has ratified a deal with General Motors Co that will see C$554 million (S$571.6 million) invested in local plants, the labour group said on Sunday as it prepares for related talks with Fiat Chrysler Automobiles NV. TheREUTERS; PHOTO: REUTERS - 326 words
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Article, Illustration530 2016-09-27 20 BLOOMBERG Southfield, Michigan THE digital mapmaker acquired by BMW AG, Audi AG and Daimler AG is rolling out a real-time traffic service that warns of road hazards and helps find parking spaces by utilising the sensors and camerasBLOOMBERG; PHOTO: BLOOMBERG - 530 words
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248 2016-09-27 20 REUTERS Yogyakarta POLIO did not stop Triyono, 35, from cashing in on Indonesia’s booming ride-hailing business last year, when he launched a motorcycle taxi service run exclusively by disabled drivers. With a crew of 20 drivers and modified three-wheeled motorbikes, he is fillingREUTERS - 248 words
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Advertisement105 2016-09-27 20 NOTICE TO TRADE WINTER SEASON CHARGE Singapore/Port Klang to Kolkata/Haldia and vice versa For the sustainability of the trade during the winter season, notice is hereby given that we will implement a Winter Season Charge (WSC) of USD 107.00 per TEU on all SOC shipments (laden) from Singapore/Port Klang to105 words
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Advertisement54 2016-09-27 20 HOT PROPERTY NEW! B2 GRD flr fty. 11m high, 24m depth col free. Fr 10k sf, fr $1.10psf. Tuas Sth. Immed Owner WESTLINK ONE RAMP-UP B2. 3003 sf. Column free. 3phase/ 6m Canteen $3.9K ono LOOKING FOR A FACTORY SPACE TO RENT? Check out these properties and more in The54 words
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Advertisement25 2016-09-27 20 One man’s junk is another man’s treasure Shop second-hand or sell your possessions in CLASS 162 To advertise, call the Print Classified Hotline: 1800-289 998825 words
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GOVERNMENT & ECONOMY
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539 2016-09-27 21 Move comes after Tokyo announced it may patrol alongside US in the disputed South China Sea AFP Beijing CHINA has sent fighter planes for the first time over a strait near Japan, the two governments said on Monday, afterAFP - 539 words
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401 2016-09-27 21 But it sticks to its view that Japan central bank’s 2% inflation goal is not going to be achieved soon REUTERS Tokyo THE International Monetary Fund said on Monday that a new monetary policy framework adopted by the Bank of Japan marked “progress”, butREUTERS - 401 words
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Article, Illustration529 2016-09-27 21 REUTERS Liverpool BRITAIN’S opposition Labour Party promised on Monday to take on big business and borrow to protect struggling industries, setting out a left-wing economic agenda it hopes will re-engage with working class voters who backed leaving the European Union.REUTERS; PHOTO: AFP - 529 words
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461 2016-09-27 21 AFP Manila PHILIPPINE President Rodrigo Duterte said on Monday that he would seek closer economic ties with China and Russia, as the local currency and stock market extended declines following Western criticism of his deadly war on crime. The peso hit aAFP - 461 words
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Page 21 Advertisements
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Advertisement216 2016-09-27 21 Joey Choy ShareInvestor Academy Trainer Joey is one of the Award-Winning Top Tier Remisiers (Stock Brokers) and Traders in Singapore. He was awarded Top CFD specialist in 2013, Top Account Growth Achiever and Top CFD Remisier in 2014 followed by Top Trading Representative in 2015 by Phillip Securities. His Signature216 words
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Advertisement145 2016-09-27 21 FRANCHISING LICENSING ASIA 2016 Exhibition Conference 13- 15 OCTOBER 2016 10.30am 6.30pm (Thu Fri) 10.30am 5.30pm (Sat) Level 1, Hall B, Sands Expo Convention Centre, Marina Bay Sands FREE FOOD BEVERAGE SAMPLING AT VARIOUS BOOTHS! f < f, V. V Free Admission!* Register your visit TODAY! Log on to www.FranchiseLicenseAsia.com/np145 words
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Advertisement17 2016-09-27 21 USE YOUR NOODLE! Rethink instant noodles with Singapore’s top chefs. Now cooking at leading bookstores and www.stpressbooks.com.sg17 words
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OPINION
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535 2016-09-27 22 EDITORIAL THE reminder from the government came loud and clear once again over the weekend: It’s not a matter of “what if” a terrorist attack strikes Singapore, but rather “when” it eventually does. At the launch of535 words
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Article, Illustration789 2016-09-27 22 Robert Samuelson - THE BOTTOM LINE By Robert Samuelson THE WASHINGTON POST WRITERS GROUP Washington THE conversation or argument Americans have been having on immigration has been remarkably skewed. It’s been all about the estimated 11 million illegal immigrants, otherwise known as the “undocumented”. Actually, what counts farTHE WASHINGTON POST WRITERS GROUP - 789 words
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Article, Illustration1360 2016-09-27 22 BENNETT RAMBERG - N Korea’s nuclear detonations and missile tests call for diplomatic strategies that go beyond condemnations and sanctions. Liaison offices might be a start. BY BENNETT RAMBERG BY BENNETT RAMBERG T The writer served as a policy analyst in the Bureau of Politico-Military Affairs inYALEGLOBAL ONLINE - 1,360 words
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937 2016-09-27 23 Jayajyoti Sengupta - COMMENTARY Jayajyoti Sengupta Jayajyoti Sengupta T The writer is vice-president and APAC head at Cognizant AS Singapore marked its 51st birthday in August with a big bash at the National Stadium, the nation collectively reminisced its journey from being a small fishing village937 words
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633 2016-09-27 23 Paul Donovan - By Paul Donovan AS we stand on the brink of the fourth industrial revolution, the technological change can seem daunting self-driving cars, intelligent machines and robots are everywhere. There is an idea that global inflation rates will collapse as new technology increases efficiency633 words
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Article, Illustration1033 2016-09-27 23 ANDREW HAMMOND - UK prime minister has inherited many long-standing, contentious policy decisions and vexing challenges. BY ANDREW HAMMOND T The writer is an associate at LSE IDEAS (the Centre for International Affairs, Diplomacy and Strategy) at the London School of Economics London UK ForeignPHOTO: REUTERS - 1,033 words
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565 2016-09-27 23 Joergen Oerstroem Moeller - By Joergen Oerstroem Moeller T The writer is senior research fellow, ISEAS Yusof Ishak Institute; Singapore Management University; and a former state secretary at the Danish Foreign Ministry OMFIF Singapore WHEN 50.3 per cent of Danish voters on June 2,OMFIF - 565 words
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Page 22 Miscellaneous
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Miscellaneous134 2016-09-27 22 Singapore Press Holdings News Centre, 1000 Toa Payoh North, Podium Level 3, Singapore *****4 SPH 6319-6319 BT 6319-5360 FAX: 6319-8278 Customer service: 6388-3838 www.businesstimes.com.sg Press releases: btnews@sph.com.sg Letters: btletter@sph.com.sg chief executive officer singapore press holdings ALAN CHAN deputy chief executive officer singapore press holdings PATRICK DANIEL editor-in-chief (english/malay/tamil media group)134 words
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Page 24 Advertisements
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Advertisement996 2016-09-27 24 FOONG SUN SHIPPING (PTE) LTD INDONESIA SUMATRA PORTS VESSEL VOY ETA ETD DESTINATION BERJAYA II 12/16 03/10 05/10 BELITUNG/PKL BALAM SRIJAYA 8 25/16 30/09 02/10 JAMBI/PEKAN BARU CARAKA JN3 II 13/16 IN PORT 29/09 PALEMBANG/PANJANG PULAUWEH 07/16 30/09 02/10 BELAWAN/MALAHAYATI INDONESIA JAVA SULAWESI PORTS VESSEL VOY ETA ETD DESTINATION FLORA996 words
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LIFE & CULTURE
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Article, Illustration668 2016-09-27 25 Dolce Gabbana gets Milan dancing to tropical beat Sicilian duo takes the street inside at its ‘Tropico Italiano’ show, kicking off and ending it with a band of dancers AFP Milan IT WAS coconuts all round as Dolce Gabbana unveiled a tropically-tinted collection for next spring and summer with aAFP; PHOTOS: AFP - 668 words
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Article, Illustration868 2016-09-27 25 AFP Camembert, France IT’S a cheese maker’s take on David and Goliath. Camembert, the village that gave its name to France’s most famous and imitated cheese, has only one remaining traditional fromagerie still making the speciality. And it’s holding its own againstAFP; PHOTOS: AFP - 868 words
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Page 25 Miscellaneous
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Miscellaneous290 2016-09-27 25 CRYPTIC CROSSWORD Across 7 Accept members ready to fight (4,4) 9 Frank’s awful heartless cat (6) 10 Independent work I found in British Columbia making film (6) 11 Clumsily I cut hero, more likely to act hurt (8) 12 Examination site where those with correct papers may pass (10) 14290 words
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SME
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Article, Illustration1173 2016-09-27 26 LEONG YEE HUI; LINDA; MI MUQING; VANIA STEPHANIE - Ademco Security Group customises winning solutions from its in-house R&D division. BY LEONG YEE HUI, LINDA, MI MUQING and VANIA STEPHANIE Security BY LEONG YEE HUI LINDA MI MUQING VANIA STEPHANIE T The writers are students from NUS Business School. THE far-reaching impact of security risksFILE PHOTO: - 1,173 words
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Article1008 2016-09-27 26 Tan Junming - By Tan Junming T Tan Junming is the founder of ThunderQuote, a company that helps hire B2B vendors for business projects. NO business is completely self-suffi-cient. All companies require solutions and products from other vendors to better service their own customers. Outsourcing enables businesses to1,008 words
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Page 26 Advertisements
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Advertisement68 2016-09-27 26 Google play App Store Download the app and get started V I Don't want your capital tied up in office space? We can help with that Our office space gives you complete flexibility and will free you from the commitment of long term leases. It's easy to set up and68 words
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Advertisement62 2016-09-27 26 Celebrating Singapore´s Enterprising Spirit 2016 This series is part of the Enterprise 50 Educational Project between the E50 partners and the NUS Business School. Ademco Security Group was among the winners in 2015. The annual E50 ranking is co-organised by The Business Times and KPMG, sponsored by OCBC Bank, and62 words
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