The Business Times, 6 August 2012
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2012-08-06
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The Business Times
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Title Section25 2012-08-06 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg Sp!l A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MICA (P) 120/08/2011 Monday, August 6, 201225 words
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Article, Illustration826 2012-08-06 1 TEH SHI NING - Economists point to continuing eurozone crisis, renewed fears of global slowdown By TEH SHI NING [SINGAPORE] Singapore is set to announce better final Q2 GDP figures than the quarterly contraction flash estimates showed, but this may not bring much cheer after globalAFP - 826 words
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MARKETS DIGEST
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Article57 2012-08-06 1 Weekly Change ST INDEX 3,051.33 +52.84 KL COMP 1,635.04 +10.10 NIKKEI 225 8,555.11 -11.53 HANG SENG 19,666.1 +391.20 SET INDEX 1,197.53 +19.52 JAKARTA COMP 4,099.81 +15.60 MANILA COMP 5,285.91 +66.36 SEOUL COMP 1,848.68 +19.5 SHENZHEN B 577.91 -5.37 MUMBAI IND 17,197.90 +358.80 DOW 13,096.17 +20.51 NASDAQ 2,967.90 +9.81 S&P57 words
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Article18 2012-08-06 1 SINGAPORE MALAYSIA HONG KONG 5.38 6.55 5.00 INDONESIA 0.50 TAIWAN 5.036 JAPAN 1.475 KOREA Source: Bloomberg18 words
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Article49 2012-08-06 1 US$ S$ US$ (S$ per US$) 1.247 (US$/S$ per 1.553 1.936 EURO (US$/S$/€) 1.221 1.522 Foreign currency per US$ S$ YEN 78.20 62.70 RM 3.134 2.513 HK$ 7.755 6.220 BAHT 31.60 25.34 RUPIAH 9,475 7,599 RENMINBI 6.373 5.112 INDIAN RUPEE 55.98 44.90 A$ 0.951 0.763 NZ$ 1.227 0.98449 words
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1051 2012-08-06 1 KENNETH LIM - Independent directors emit sigh of relief By KENNETH LIM [SINGAPORE] The High Court’s recent acquittal of two former board members of Airocean Group may make it harder to prosecute independent directors of Singapore-listed companies, observers said. While Chief Justice Chan Sek1,051 words
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Page 1 Advertisements
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Advertisement117 2012-08-06 1 DINING OUT Waving the flag for modern Brit fare PAGE 22 COMMENTARY F&N may lose draw as property play PAGE 2 VIEWS FROM THE TOP Singapore’s main demographic challenges PAGES 12-13 BT WEBSITES For breaking news, go to businesstimes.com.sg. For personal finance stories, go to btinvest.com.sg. For more information, e-mail117 words
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Advertisement10 2012-08-06 1 YOUNG INVESTORS’ FORUM Creating value for the firm PAGE 1110 words
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TOP STORIES
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Article, Illustration913 2012-08-06 2 WONG WEI KONG - Without APB, soft drinks, dairy operations, its popularity among fund managers may wane COMMENTARY WONG WEI KONG News Editor WITH a nod to Heineken’s offer to buy its stake in Asia Pacific Breweries (APB) for $5.1 billion or $50 a share last Friday,913 words
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822 2012-08-06 2 WONG WEI KONG - Company sitting on $228m paper loss for 22% stake in F&N By WONG WEI KONG [SINGAPORE] For the Thai entities which started the ball rolling in the Asia Pacific Breweries (APB) saga, it’s a curious situation to say the least: a listed company is822 words
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Article, Illustration869 2012-08-06 2 ROB CURRAN - Investors will be looking to Europe’s efforts to save euro WALL STREET INSIGHT By ROB CURRAN LAST week central banks kept their cash-filled bazookas at their sides and stock market bulls may have raised the white flag were it not for the lateAFP - 869 words
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Article630 2012-08-06 2 Q2 GDP figure may not bring much cheer SINGAPORE is set to announce better final Q2 GDP figures than the quarterly contraction flash estimates showed, but this may not bring much cheer after global macro data and policy statements last week reinforced fears of a global slowdown and630 words
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Article, Illustration661 2012-08-06 4 VEN SREENIVASAN - Airlines face severe yield pressures due to rising capacity, anaemic economies By VEN SREENIVASAN [SINGAPORE] Despite signs of a medium-term recovery, the global air cargo industry continues to face severe yield pressures brought on by rising capacity and anaemic global economic growth.FILE PHOTO - 661 words
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Article, Illustration681 2012-08-06 4 LYNN KAN - Epi Mobile Health wants to expand to SE-Asia then Asia By LYNN KAN [SINGAPORE] In this day and age, smartphones are near and dear to people’s hearts. And a Singaporebased medical device company, Epi Mobile Health Solutions, intends to bring people’s hearts even681 words
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Advertisement42 2012-08-06 2 GROUP TOUR SPECIALIST Retreats Meetings Team Building Incentive Tours East West Malaysia Hong Kong Indonesia Thailand Vietnam Cambodia Macau China We are looking forward to get a challenging assignment from you Luxury Tours Travel Pte Ltd mice@luxury.com.sg S www.luxury.com.sg Tel: 6309 085042 words
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Page 3 Advertisements
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Advertisement58 2012-08-06 3 WHERE DREAMS ARE BUILT -L I ill Singapore’s Top Scorers PSLE 2011 Students who attended classes at The Learning Lab 8 of 17 That’s the mind-boggling proportion of the best and brightest minds in PSLE 2011 who attended classes at The Learning Lab. THE LEARNING LAB NURTURING FUTURE LEADERS NEW58 words
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Advertisement44 2012-08-06 4 SLIPPERY ROAD! Don't dice with danger to find your perfect ride. Put your faith in CATS Classified's vehicles classes, and you'll find the freshest and most extensive listing of new and pre-owned cars in all mokes and models. WATS BUY IT• SELL IT-FIND IT44 words
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Advertisement222 2012-08-06 5 Millions sleep soundly knowing that their insurance needs are in the very best of hands. Yes, millions of people from over 170 countries look to us for understanding on how to protect themselves from risk and achieve peace of mind. It's a responsibility we take very seriously. Which is why222 words
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COMPANY NEWS
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642 2012-08-06 6 MALMINDERJIT SINGH - Region resilient but not immune to further slowdown in global growth By MALMINDERJIT SINGH MORGAN Stanley has downgraded its outlook for Asean markets for the second half of this year, as it lowers its earnings per share (EPS) growth outlook and increases its bear scenario642 words
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Article576 2012-08-06 6 At a glance Three months ended June 2012 Six months ended June 2012 NET PROFIT CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG (S$m) (S$m) NET PROFIT TURNOVER CURRENT PREVIOUS CHNG CURRENT PREVIOUS CHNG (S$m) (S$m) TURNOVER DBS Group 1,743.0 1,542.0 13.0 4,101.0 3,747.0 9.4 810.0 735.0 10.2 1,945.0576 words
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Article, Illustration1776 2012-08-06 6 ROBERT HALILEE - INSIDE MARKETS By ROBERT HALILEE The writer is managing director, Asia Insider Ltd Director activity was low for the third straight week with only four companies that recorded 10 purchases worth $1.58 million. There were no sales by directors. Buy figures were sharply down from1,776 words
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Article97 2012-08-06 6 In the black In the red 11 73 As of Friday, 84 SGX-listed companies had released their financial results for the second quarter ended June 2012. They recorded a combined S$4,650.6m in group profits. The breakdown is as follows No with profits 73 No with losses 1197 words
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Article96 2012-08-06 6 In the black In the red 16 84 As of Friday, 100 SGX-listed companies had released their financial results for the six months ended June 2012. They recorded a combined S$11,749.9m in group profits. The breakdown is as follows No with profits 84 No with losses 16 I96 words
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Article, Illustration1290 2012-08-06 9 MANO SABNANI - Freight Links CEO Eric Khua tells MANO SABNANI how the group is using its core logistics operations base to build new businesses COMPANY INSIGHT MANO SABNANI Mano Sabnani, a veteran writer, editor and investment advisor, wrote this piece based on a case study he completed1,290 words
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Article147 2012-08-06 9 COMPANY MEETING PLACE DATE TIME RH Petrogas E 20 Harbour Drive PSA Vista #06-03 07-Aug 9.30am Sun East Grp S 168 Robinson Road Capital Tower Level 9 FTSE Room 10-Aug 10.00am HLN Technologies E Seminar Room Keppel Club Bukit Chermin Road 10-Aug 11.30am WeiYe Hldgs E 17 Kian147 words
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Article299 2012-08-06 9 Aug 3 BANKS Agricultural Bank Of China 5.5 Agricultural Bank Of China 5.5 Banco Bilbao Vizcaya 6 Bangkok Bank Public Co. Ltd 6 Bank Julius Baer Co. Ltd 5 Banco Bilbao Vizcaya Bank of China Limited 5.5 Bank of Communications 5.5 6 Bank of New Zealand 6.25299 words
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Page 7 Advertisements
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Advertisement474 2012-08-06 7 CONGRATULATIONS TO LEY CHOON GROUP HOLDINGS LIMITED ON ITS DEBUT ON THE MAINBOARD OF THE SINGAPORE EXCHANGE Microtunneling on NEWater pipe installa?on Asphalt pre-mix manufacturing plant No. 4 Sungei Kadut Street 2 Singapore *****6 www.leychoon.com Build. Renew. Recycle. Airport taxiways maintenance works Ley Choon Group Holdings Limited is one of474 words
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SINGAPORE MARKETS
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Article, Illustration570 2012-08-06 8 R SIVANITHY - STOCKS R SIVANITHY Senior Correspondent IT’S difficult to foresee much change to the outlook for equities from a week, a fortnight, a month or even three months ago. Greece may appear to have been saved but then again, it might not since the new570 words
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576 2012-08-06 8 CURRENCIES Reuters [NEW YORK] The US dollar and yen tumbled on Friday after a report showing the US economy added the most jobs in five months in July dampened demand for traditional safe-ha-ven currencies. The euro headed for its best one-day riseReuters - 576 words
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606 2012-08-06 8 COMMODITIES AFP [LONDON] Global commodity markets mainly fell in subdued trade this week as investors expressed disappointment at the lack of central bank action to kickstart the struggling global economy. “Commodity prices have broadly eased over the past week. Macro factors, in particularAFP - 606 words
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Article1581 2012-08-06 8 Consensus No. of Forecast Mean Fri’s recommendation esti-EPS PE target price Company name This wk Last mth mates (cents) (ratio) price AIMS AMP Capital Ind REIT 2.00 2.00 2 10.00 12.95 1.42 1.31 Amtek Engineering Ltd 1.67 1.67 6 0.07 7.30 0.87 0.61 ARA Asset Management 1.38 1.381,581 words
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Article66 2012-08-06 8 Aug 3 VALUE CLOSE BT OB/OS -24.00 +171.0 BT CADI -*****.00 +80.0 BT 10-day MA -*****.00 -2.00 FTSE ST Mid Cap 702.64 +3.95 FTSE ST Small Cap 460.03 +1.69 FTSE ST All Share 737.17 +3.69 FTSE ST China Top 202.76 +1.21 FTSE ST China 222.48 +0.40 FTSE66 words
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Article57 2012-08-06 8 VOLUME Golden Agri 328,263,000 TT Intl 325,247,000 GSH Corp 308,227,000 Genting SP 275,365,000 HLH Grp 257,306,000 Sunmoon 173,761,000 Sakari 142,607,000 SingTel 130,715,000 Noble Grp 126,719,000 NexGenSCom 107,060,000 VALUE($) SingTel 462,685,827 Genting SP 356,009,505 DBS Grp 272,199,449 OCBC Bk 263,756,074 UOB 254,459,134 Golden Agri 239,198,308 Keppel Corp 235,034,10357 words
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Article108 2012-08-06 8 BY CENTS CLOSE UP DBXT E50 10US$ 3346 351.5 9.2 IS S&P500 ***** 315.4 1.9 DBXT USDIGInfl 5US$ ***** 276.8 0.8 JSH 3292 219.4 5.6 JMH 5340 211.9 3.3 IS DJ US Tech 7180 210.7 2.4 DBXT MSKorea 10US$ 5413 157.1 2.4 Jardine C&C 4714 154.0 3.4 DBXT MSAsExJp108 words
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Article121 2012-08-06 8 BY CENTS CLOSE DOWN GLD 10US$ ***** -279.2 -1.4 Pru 500US$ 1000 -187.0 -13.0 DBXT STGLDv100 10US$ 2663 -155.8 -4.5 Asia Pac Brew 4950 -50.0 -1.0 DBXT S&P Short 10US$ 3706 -49.9 -1.1 F&N.ES.1208 814 -27.0 -3.2 SATS 254 -27.0 -9.6 F&N 815 -25.0 -3.0 OCBC Bk 4.5%NCPS 100121 words
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Page 9 Advertisements
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Advertisement43 2012-08-06 9 o CJ u n c 13 <1 j 0 n j UjFIND THE ONES J THAT FIT! Recruit the right people through CATS Recruit. Call 1800 289 8822 or email recruitd>sph.com.sg to advertise. WATS I RECRUIT V 1 cJ rvJ V 1 o43 words
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Advertisement96 2012-08-06 9 Ill SINGAPORE MEDIATipp* 2 LECTURE 2012 The Man in the Middle: Lessons Learnt for International Mediation Speaker Mr S R Nathan Former President of the Republic of Singapore Wednesday, 29 August 2012 5.00 pm to 7.30 pm (Registration starts at 4.30 pm) Venue Supreme Court Auditorium Level B2, 1 Supreme96 words
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SINGAPORE NEWS
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Article1378 2012-08-06 10 Payment Ex Books Pay Ann (cts) date close date date AEM Hldgs aw 0.350 01-Aug 03-Aug 17-Aug 14-May AIMS AMP Cap I REIT ag 2.500 30-Jul 01-Aug 18-Sep 19-Jul Ascendas REIT ES ad 0.030 23-Jul 25-Jul 28-Aug 18-Jul Ascendas REIT ES ao 1.770 23-Jul 25-Jul 28-Aug 18-Jul Ascott1,378 words
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Article, Illustration377 2012-08-06 10 MALMINDERJIT SINGH - Minister to focus on improving chances of second-timers in getting BTO flats By MALMINDERJIT SINGH SINGAPOREANS should be prudent and realistic about their finances given the uncertain global economic conditions. Minister for National Development Khaw Boon Wan sounded that caution yesterday asLIANHE ZAOBAO - 377 words
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814 2012-08-06 10 ASK Question: I am a director of an S-chip company. I have been following the China Sky saga closely. What is the implication of the recent court decision involving the Singapore Exchange (SGX) and China Sky’s independent director? Does it mean a director can be814 words
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Page 10 Advertisements
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Advertisement1169 2012-08-06 10 I L W J Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices (VSTl POPULAR HOLDINGS LIMITED I I (Company Registration No. *****7187M) (Incorporated in Singapore) g. z. z_s NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Popular Holdings Limited (the "Company") will be held on1,169 words
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Advertisement101 2012-08-06 10 HAVE a pressing question about a corporate-law-related issue that your company is facing? Lawyers from Stamford Law will provide their expert advice and answers to your queries on a weekly basis. All you need to do is send us an e-mail with your query at btnews@sph.com.sg and include particulars such101 words
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Advertisement24 2012-08-06 10 GOOD GAINS Let your investors know by advertising your financial results in our newspapers. Call 1800 289 8822 or email notices@sph.com.sg. WATS NOTICES CLA/30MAR05/GAN24 words
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BT-CITIBANK YOUNG INVESTORS' FORUM
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Article, Illustration991 2012-08-06 11 NICHOLAS BRAY - Entrepreneurs need to have an understanding of value and of the business that they are buying By NICHOLAS BRAY ECONOMIC crises are not without a silver lining for those who can recognise a good deal. Amid the wreckage of recession, “there are plenty of opportunitiesSTOCK.XCHNG - 991 words
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Article, Illustration1155 2012-08-06 11 WANG XIN MIN - But Mervin Yong tries to limit his losses as his risk appetite is not high, reports WANG XIN MIN reportsWANG STARTING YOUNG WANG XIN MIN JUDGING by his lifestyle and investment portfolio, one would conclude that 24-year-old Mervin Yong Wei Yang has been bitten byARTHUR LEE - 1,155 words
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Page 11 Advertisements
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Advertisement31 2012-08-06 11 If you’re between the ages of 17 and 30, and think you’ve got an interesting investing or entrepreneurial story to share, do email btyif@sph.com.sg with ‘Starting Young’ in the subject heading31 words
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Advertisement157 2012-08-06 11 Get started now Be a young investor DO you aspire to be a successful young investor? Are you keen on taking the first step towards achieving that? The BT-Citibank Young Investors’ Forum is no typical page extracted from a financial textbook. This forum will present step-by-step guides on how to157 words
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VIEWS FROM THE TOP
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Article, Illustration3899 2012-08-06 12 THIS WEEK’S TOPIC What are Singapore’s main demographic challenges as they relate to business and the economy, and to Singapore’s well-being generally, and how can these be resolved? John Keung CEO Building and Construction Authority IMPROVED accessibility in the built environment for everyone is increasingly relevant to Singapore’sFILE PHOTO - 3,899 words
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Page 13 Advertisements
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Advertisement245 2012-08-06 13 Jobs updated EVERY MINUTE A world of options at your fingertips. Sales Executive Sales Manager Sales Director Marketing Executive Marketing Manager Marketing Director Account Executive Account Manager Account Director Finance Executive Finance Manager Financial Controller Customer Service Executive Customer Service Manager Customer Service Director FIR Executive FIR Manager FIR Director245 words
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ECONOMY WATCH
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567 2012-08-06 14 US stock funds see more redemptions as investors turn defensive ahead of Fed and ECB meetings Reuters [NEW YORK] Lower risk US bond funds once again reigned supreme on growing concerns over policy actions, or lack thereof, to bolster faltering economies, dataReuters - 567 words
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Article, Illustration578 2012-08-06 14 The cash-for-gold sector in Italy is poorly regulated AFP [AREZZO, Italy] Italy’s traditional goldsmiths are up in arms over a boom in the poorly regulated cash-for-gold sector that is making billions for the mafia as hard-up Italians rush to sell offAFP - 578 words
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Article, Illustration789 2012-08-06 14 It is now the subject of praise from eurozone leaders Reuters [DUBLIN] On Europe’s battered bond markets, Ireland has found it doesn’t take much to stand out from the crowd. Anaemic growth and slow progress towards stabilising its debt mountain have been enoughReuters; AP - 789 words
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Article, Illustration923 2012-08-06 14 Its head says he can see signs of change in Pyongyang Reuters [SEOUL] Capitalism, in hermit North Korea, is normally associated with moral and economic ruin. The Korea-born American who heads Pyongyang’s only private university is trying to change that. HeReuters; REUTERS - 923 words
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MALAYSIA
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719 2012-08-06 15 Bonus payments to civil servants and pensioners won’t raise deficit this year [KUALA LUMPUR] Malaysia’s target for a reduction in fiscal deficit this year is on track, said Prime Minister Najib Razak. He said the details will be revealed during the719 words
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375 2012-08-06 15 [KUALA LUMPUR] Eastern Oriental Bhd (E&O) will be launching three more condominium projects with a total gross development value of about RM1 billion (S$397 million), within the next six months, Malaysia’s Business Times reported. The projects will include the first phases375 words
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Article1669 2012-08-06 15 VOL Aug 3 RM +/-(‘000) A M Realty 0.50 unch 10 VOL Advance Synerg 0.17 0.01 2305 Adventa Bhd 1.85 unch 62 Ae Multi Hldgs 0.21 unch 49 Affin Holdings 3.63 -0.02 253 Ahmad Zaki Res 0.68 -0.02 105 Abric Bhd Airasia Bhd 3.71 -0.01 1834 Alliance Finan1,669 words
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Article, Illustration621 2012-08-06 15 PAULINE NG - MALAYSIA INSIGHT PAULINE NG KL Correspondent RAFIZI Ramli knew they would come for him. The strategic director for Parti Keadilan Rakyat and his counterparts in the federal opposition Pakatan akyat had been waiting for the men in blue to show621 words
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Page 15 Advertisements
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Advertisement14 2012-08-06 15 HOI m SINGAPORE'S HffTTesr HITS HEAR oNeDiZBcrioM's HOTTEST HITS ON HOT FM 91.3 m14 words
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Advertisement30 2012-08-06 15 THE STRAITS TIMES SUBSCRIPTION PLEASURES Subscribe Now And Get This Or Other 0T0 Gifts! OTO e-Cuddle Neck Shoulder Massager u.p. $180 Find out more at www.STsubscribe.com or call 6388 383830 words
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GREATER CHINA/INDIA
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553 2012-08-06 16 IPOs no more an attractive option for them amid slowing stock markets Reuters [HONG KONG] When US private equity firm Carlyle Group sold its stake in a Chinese chemicals maker to a rival producer recently, the deal underscored how funds areReuters - 553 words
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596 2012-08-06 16 It initiated a deal to share exploitation rights with China AFP [BRUSSELS] Greenland is a frontier El Dorado with untapped reserves of critical rare earths under the Arctic ice-cap but a nimble China has already stolen a march in getting access,AFP - 596 words
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Article, Illustration445 2012-08-06 16 AFP [NEW DELHI] India’s economic growth could fall to near 6 per cent this year with the country facing the spectre of its third drought in a decade, a top government policymaker says. In the last few months, the outlook for the once-booming economyAFP; AP - 445 words
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Article, Illustration653 2012-08-06 16 US concerned by the increase in tensions in South China Sea AFP [BEIJING] China’s newest city might appear to be a tranquil outpost in the South China Sea, but the beaches and palm trees of Sansha are at the heart of a growing territorial dispute.AFP - 653 words
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Page 16 Advertisements
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Advertisement1010 2012-08-06 16 STRATECH SYSTEMS LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. *****8251Z) NOTICE OFEXTRAORDINARYGENERALMEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting (the “EGM”) of the shareholders of Stratech Systems Limited (the “Company”) will be held on Tuesday, 21August 2012 at 9.00 a.m. at Function Room 1, 311,010 words
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WORLD
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839 2012-08-06 17 Bond market holds key to the survival of Europe’s currency and governments NYT [LONDON] James Konrad, a bookish 27-year-old with a polite manner, used to make a living at a sports betting company, weighing the odds of muddy terrain affecting the sure-footed-nessNYT - 839 words
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Article, Illustration628 2012-08-06 17 AFP [MADRID] For the government, it’s a target for crisis taxes and cuts like any other: the subsidised arts industry. For actors, artists and audiences, it’s Spain’s moral lifeblood, bleeding away in the recession. The arts in Spain including the big film sector thatAFP - 628 words
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680 2012-08-06 17 Even prudent firms unable to compete with German rivals ANALYSIS Reuters [MILAN] Italy’s “war” with international debt markets has sent borrowing costs soaring for its traditionally prudently managed private companies, stifling their efforts to invest in competing more strongly with rivals in Germany andReuters - 680 words
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Article, Illustration494 2012-08-06 17 Reuters [BERLIN] Italy needs moral support from Germany but not its cash, Prime Minister Mario Monti said in an interview published yesterday as German conservatives renewed calls for Greece to leave the eurozone. The Italian leader also told weekly magazine Der SpiegelReuters - 494 words
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481 2012-08-06 17 Reuters [BERLIN] Politicians in Germany’s ruling centre-right coalition have expressed renewed concerns about an increased role for the eurozone’s permanent bailout fund, which is at the centre of a court case after the German parliament approved it in basic form. German Foreign Minister GuidoReuters - 481 words
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Article, Illustration777 2012-08-06 18 Brits are peeling away US readers as they make inroads into the US market AFP [WASHINGTON] The British are coming, not by land or by sea, but on the Internet. British media have been making inroads into the US market by invading online space,AFP - 777 words
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498 2012-08-06 18 He expects trouble as users won’t have control over data AFP [WASHINGTON] Steve Wozniak, who co-founded Apple with the late Steve Jobs, predicted “horrible problems” in the coming years as cloud-based computing takes hold. Mr Wozniak, 61, was the star turn at the penultimateAFP - 498 words
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Article, Illustration764 2012-08-06 18 AP [TOKYO] Worn out and resigned to its dwindling national status, Japan Inc is said to be quietly shuffling off the world stage. But don’t tell that to Kenji Hasegawa who is ready to conquer the global auto market with his niftyAP - 764 words
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533 2012-08-06 18 But new CEO may face challenges in rebuilding the bank Reuters [TOKYO] Japan’s financial regulator handed Nomura Holdings the lightest possible sanction for its involvement in a string of insider trading cases, marking a key turning point in a costly scandal forReuters - 533 words
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Article, Illustration1133 2012-08-06 19 Target only cronies who benefited from ties to junta, he says AFP [YANGON] N energy magnate lauded as a rare “legitimate” tycoon in cro-ny-dominated Myanmar has quietly lobbied for an end to Western sanctions except those targeting cronies who flourished under military rule. Michael Moe MyintAFP - 1,133 words
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650 2012-08-06 19 AP [WASHINGTON] The relentless, weather-gone-crazy type of heat that has blistered the United States and other parts of the world in recent years is so rare that it can’t be anything but man-made global warming, says a new statistical analysis from aAP - 650 words
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Advertisement14 2012-08-06 18 www.omy.sg Business China Champ of Marketing 2.0 iliin 0 0 0 fmmmtsmsm cling, omy.sg14 words
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Page 19 Advertisements
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Advertisement1891 2012-08-06 19 >*• WAT3 NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LOVELY LAND PTE LTD REG. NO. *****1522W (IN MEMBERS’ VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the Company held1,891 words
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LONDON OLYMPICS 2012
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Article, Illustration428 2012-08-06 20 LEE U-WEN - They were crushed 0-3 in the quarter-finals by defending champions China yesterday By LEE U-WEN [SINGAPORE] Outfought. Outclassed. And now, out of the Olympic Games. Singapore’s table tennis men’s team is heading home after being crushed 0-3 in the quar-ter-finals by the top seed andPHOTO: MUGILAN RAJASEGERAN/ THE STRAITS TIMES - 428 words
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Article, Illustration728 2012-08-06 20 AP [LONDON] When Jessica Ennis slumped to the track, so happy she was sobbing, the stadium announcer proudly informed an ecstatic crowd that her heptathlon title was Britain’s first Olympic track and field gold medal in London since 1908. That wasAP - 728 words
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545 2012-08-06 20 Restaurants, shops still waiting for promised gold rush of customers from the Games AFP [LONDON] With its half-empty restaurants and calm streets, central London looks more like a ghost town than an Olympic city, and recession-hit traders are still waiting for the promised goldAFP - 545 words
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465 2012-08-06 20 Williams sisters retain the women’s doubles crown for the US Reuters AFP LONDON] Britain’s Andy Murray completed an astonishing recovery from last month’s Wimbledon heartache to beat Switzerland’s Roger Federer and claim Olympic gold on Centre Court yesterday. Exactly four weeks after FedererReuters; AFP - 465 words
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698 2012-08-06 20 AFP [LONDON] Michael Phelps walks away from the greatest Olympic career in history with no regrets, summing up a journey that yielded 18 gold medals in the simplest of terms: “I did it.” “Through the ups and downs, I have achievedAFP - 698 words
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AVIATION/SHIPPING
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922 2012-08-06 21 Passenger numbers set for record growth, doubling within five years NYT [JAKARTA] Indonesian airlines are poised for rapid growth, but a lack of critical infrastructure and trained personnel may keep the industry from reaching anticipated heights, experts say. The total number of fliers is expectedNYT - 922 words
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Article, Illustration456 2012-08-06 21 Reuters [COPENHAGEN] The head of Danish shipping and oil group AP Moller-Maersk said that the performance of its container shipping arm had been disappointing but the group’s strategy was paying off and the business should be better positioned a year fromReuters; BLOOMBERG - 456 words
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815 2012-08-06 21 Its ships are taking to the seas with colourful new IDs Reuters [LONDON] New names for Iran’s oil tankers are part of its national tanker comp a n y NIT C s d e f e n ce against tighter UnitedReuters - 815 words
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Article251 2012-08-06 21 SGX '000 Aug 3 S$ +/-Vol CH Offshore 0.40 unch 62 Chuan Hup Hldg 0.23 0.01 102 Cosco Corp 0.98 0.03 6939 S$ Ezra Hldgs 1.01 0.01 7435 First Ship Lea 0.15 unch 653 Freight Links 0.07 unch 950 Grand Banks 0.24 -0.01 175 Jaya Hold Ltd 0.56251 words
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3387 2012-08-06 26 n BALISA SHIPPING TRADING PTE LTD 8 Shenton Way, #40-03A, Singapore *****1 Tel: 6345 5700 Fax: 6345 5227 Email: singapore@balisagp.com UEN NO. *****3249E UK CONTINENT SERVICE U.S.A. SERVICE Destination STXPO TBN Antwerp/UK *Loads Singapore, E./W. Malaysia, Indonesia MIDDLE-EAST SERVICE Destination STXPO TBN Camden/New Orleans/Tampico Destination3,387 words
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Page 21 Advertisements
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Advertisement20 2012-08-06 21 Interviewwith chairmanof Joyoungwhich holds 70% ofsoyamilk machine market share inChina in China To subscribe, call 6388-3838 or go to sphsubscription.com.sg20 words
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Page 21 Miscellaneous
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Miscellaneous352 2012-08-06 21 CRYPTIC CROSSWORD Across 1 Lie about London’s food (4,3) 5 Iris maybe making bread (7) 9 A cost involved over a black pepper sauce (7) 10 Pasta and beans (7) 11 A couple of tomatoes added to stew creates an awkward situation (3,6) 12 River horse, so to speak (5)352 words
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DINING
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Article, Illustration1001 2012-08-06 22 CHEAH UI-HOON - The Royal Mail is unequivocally for meat-lovers, says CHEAH UI-HOON CHEAH UI-HOON The Royal Mail Restaurant Bar Ascott Raffles Place Singapore, 2 Finlayson Green Tel: 6509 3589 Opening hours: 12pm–3pm, 6:30pm-11pm (Mon-Fri), 6:30pm-11pm (Sat) WE'RE halfway into the Olympics, and in case watching all those superb1,001 words
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Page 22 Advertisements
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Advertisement1362 2012-08-06 22 Toll free 1800-289-8822 Email notices@sph.com.sg www.cats.com.sg/notices POPULAR HOLDINGS LIMITED (Company Registration No. *****7187M) (Incorporated in The Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 20 Old Toh Tuck Road, Singapore *****5 on Friday, 241,362 words
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Advertisement94 2012-08-06 22 Wine, Dine Hospitality Highlights WEEK ENDS. Indulgence begins. Laze, graze, forget week days. Gourmets can now give themselves over to pure culinary pleasure all weekend long at Conrad Centennial Singapore. Afternoon Delight Lobby Lounge $45++ per person* 1pm to 5pm (avail. Sat Sun) Oscar's Sunday Amazing Graze $78++ $148++ per94 words
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SINGAPORE STOCKS
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Article2922 2012-08-06 23 Week ended: Aug 3 52-wks Tel Last Vol Week Last Quote Div GrYld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last Vol Week Last Quote Div GrYld 132 92.5 AIMSAMPIReit 130.5 +3 2280 131 126.5 130 130.5 6.4 12.52,922 words
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Article248 2012-08-06 24 52-wks Tel Last Vol Week Last Quote Div Gr Yld Net M Cap High Low Code Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Last 4.6 1.3 t Advanced System 1.8 unch 3749 1.9 1.7 1.8 1.9 23.8 Vol Week Last Quote Div Gr Yld Net248 words
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Article112 2012-08-06 24 Stock name Close Change Stock name Close Change Stock name Close Change CapMallsAsia 1.670 +0.020 CapitaLand 3.120 +0.070 CapitaMall 1.990 +0.020 CityDev 11.730 +0.050 ComfortDelGro 1.700 +0.010 DBS Grp 14.750 +0.060 F&N 8.150 GLP 2.330 +0.040 HK Land 6.130 -0.040 JMH 53.400 +1.800 JSH 32.920 +1.050112 words
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Article2231 2012-08-06 24 Transaction date: Aug 3 HONG KONG Vol HK$ +/-'000 Aeon Credit 6.42 unch 0 Aeon Stores 22.50 0.50 13 Angang Steel 3.95 -0.20 ***** Anhui Conch 20.80 -0.25 9031 Anhuiexpresswa 3.42 -0.12 834 Asia Satellite 20.55 unch 0 Asm Pacific 91.85 -2.65 558 Bank Of E Asia 26.952,231 words
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Article216 2012-08-06 24 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 46 28.5 AVJennings A29.5 +0.5 44 29.5 29.5 28 39 3.6 11.9 2.4 76.8 43.5 25.5 Genting HK US$ US33.5 +2.5 ***** 33.5 31 33 33.5 2205.8216 words
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Article186 2012-08-06 24 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 11 5 1 0 0 0 11 5 1 Manufacturing 89 68 28 14 9 9 103 77 37 Commerce 42 23 12 3 5 5 45 28 17 Tpt/Stor/Comms 25 15 4186 words
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Article1085 2012-08-06 24 52-Wk Last Vol Week Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 130 114.4 ABF SG Bond ETF 120.1 -0.7 38 121.9 120 118.5 123 548.2 126.8 122.2 CIMB APAC Div 100S$D 126.8 +0.7 1 126.8 126.8 126.11,085 words
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Article123 2012-08-06 24 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 72,904 72,904 367,304 367,304 Manufacturing 1,155,173 305,174 1,460,347 1,057,999 6,843 1,064,842 Commerce 1,300,529 25,589 1,326,118 485,458 1,431 486,889 Tpt/Stor/Comms 489,469 87,617 577,086 901,282 24,318 925,600 Finance 120,743 12,010 132,753 855,051 4,961 860,012 Construction 497,656 70,911123 words
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Page 24 Advertisements
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Advertisement26 2012-08-06 24 Insiders' trades. Brokers' recommendations. Dividend table. The pages also cover transactions by directors and substantial shareholders. In other words, news you can use. THE BUSINESS TIMES26 words
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FINANCE & COMMODITIES
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Article641 2012-08-06 25 Aug 3 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT 8539.71 8565.06 8513.20 Sep12 8630.00 8685.00 8500.00 8555.00 ***** *****2 Dec12 8505.00 8505.00 8460.00 8490.00 9 ***** MSCI TAIWAN INDEX FUTURES SPOT 255.60 255.67 253.45 Aug12 252.50 253.50 251.70 252.50 4985 *****9 Sep12 251.90641 words
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373 2012-08-06 25 In local curr In S$ In US$ dy yr dy yr dy yr Aug 3 Index Change Change Change Change Change Change World Preliminary 889.7 1.8 7.2 1.6 2.2 2.1 6.6 EAFE Preliminary 710.9 1.4 4.2 1.6 -1.7 2.1 2.5 Europe Preliminary 1082.4 2.8 5.4373 words
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Article, Illustration101 2012-08-06 25 As on 3 August 2012 WWWMwc.camjt rwmui t [CnT.A.r MOt* ‘D* QilK rtli ••.Uci PHKiOU* MH4* ui all fin INDIA1.CUO t. UV«U nojnrur oCRuti Min' tr'.ti. It**) nun MJCIh 61 «r ummwcv ruiMM uii 4^ IJ/fJ n«l ii«) UAat MtlAi r cvm me MIX uv A|(T1 IMOkA101 words
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Article107 2012-08-06 25 Aug 3 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Aug 12 1656.25 1653.00 1669.50 1639.25 Sep 12 1635.75 1623.50 1645.25 1609.25 Nov 12 1628.75 1616.50 1638.50 1602.25 Jan 13 1625.00 1610.25 1634.00 1598.00 SOYBEAN/OIL (60,000 lbs; US cent/lb) Close Previous High/Low Aug 12 52.04107 words
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Article70 2012-08-06 25 CRUDE OIL PRODUCTS Aug 2 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 106.75 0.29 WTI (Near Mth) 87.20 -1.60 Dubai (1-Mth F) 101.61 -0.47 Tapis blend 109.60 1.51 Minas 110.45 1.51 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 97.00 2.78 Jet Kerosene 121.51 0.81 US$/barrel OpecOil Basket70 words
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Article22 2012-08-06 25 Aug 3 S$ Bid Offer 1-month 1.2466 1.2470 2-months 1.2465 1.2470 3-months 1.2463 1.2467 6-months 1.2452 1.2457 Source: OCBC22 words
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Article64 2012-08-06 25 Aug 3 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1825.50 1804.00 3 months 1860.00 1840.00 Copper, Grade A(US$/tonne) Cash 7440.75 7322.25 3 months 7445.00 7330.00 Lead(US$/tonne) Cash 1883.25 1842.75 3 months 1895.00 1854.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin(US$/tonne) Cash *****.00 *****.00 3 months *****.0064 words
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Article80 2012-08-06 25 Aug 3 COCOA (£/tonne) Close Prev High/Low Sep 12 1648 1649 1669/1637 Dec 12 1630 1630 1651/1616 Mar 13 1606 1607 1629/1590 May 13 1602 1603 1626/1585 COFFEE(US$/tonne) Close Prev High/Low Sep 12 2224 2229 2237/2193 Nov 12 2201 2199 2205/2171 Jan 13 2170 2165 2174/2139 Mar 13 216080 words
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1082 2012-08-06 25 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 4 1 146 456 6.75 21 Conv Ratio Exer Baker Technology Ltd W*****6 0.8 -0.7 305 1 32 4 39.38 3 Prem Best World Intl Ltd W*****5 0.61,082 words
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Article470 2012-08-06 25 Aug 3 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.056 6.699 0.861 8.151 58.843 99.592 0.822 11.926 3.293 1.290 99.356 44.002 1.310 8.752 1.034 31.506 33.213 0.677 1.051 Canada 0.947 6.346470 words
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Article72 2012-08-06 25 Aug 3 iusi) 1 mil i V mtlA S imtu Bltllln 13—r, V2*EJ1 C 11V, 0«($4V HIJKj jsbw; i h>oy. DltZSt V rr.n: c ih:i>3 ll.trfTtui i.m r 'r.ji' 9HW (M?H i ifitk 3 mil 4 <JA i m.: mini bmih* u 1 Z 0.1?7*’ 5«AF Mduini tSSI T72 words
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Article133 2012-08-06 25 Aug 3 GOLD(US$/oz) Aug 02 Aug 03 Hong Kong 1612.00 1601.00 Aug Aug 03 Aug 02 London 1600.76 1593.39 1601.53 1594.61 Source: Thomson Reuters CAST BAR Aug 03 (S$) Selling Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 154 64 5gm 437 320 10gm 780 640133 words
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Article94 2012-08-06 25 Aug 3 Aug 3 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****N 01-Nov-12 0.23 6-Month BS*****Z 24-Jan-13 0.23 1-Year BY*****T 02-May-13 0.24 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0H 0.25 01-Feb-14 100.1 100.15 100.15 5-Year94 words
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Article61 2012-08-06 25 Aug 3 PALM OIL Aug 3 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Aug 12 2913.0 2910.0 2916.0 2905.0 23 1938 Sep 12 2919.0 2920.0 2936.0 2907.0 578 ***** Oct 12 2935.0 2946.0 2950.0 2913.0 ***** *****61 words
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Article154 2012-08-06 25 Aug 3 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3101 1.3108 1.0509 1.0512 Canadian dollar 1.2410 1.2420 0.9960 0.9955 Euro 1.5220 1.5226 1.2209 1.2210 NZ dollar 1.0156 1.0167 0.8147 0.8153 Sterling pound 1.9357 1.9368 1.5528 1.5532154 words
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Article122 2012-08-06 25 As at 9am Aug 03 Aug Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.336 1.273 Can dollar 1.270 1.210 Euro 1.556 1.482 Sterling pound 1.974 1.899 NZ dollar 1.040 0.991 US dollar 1.267 1.219 Local dollars to 100 units of122 words
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Article154 2012-08-06 25 Aug 3 $S Offer Bid 0vernight 0.01 par 1-month 3/8 1/4 2-months 3/8 1/4 3-months 3/8 1/4 Overnight mode: 1/8 US$ Offer Bid 7 days 0.25 0.15 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.85 0.65 9 months 1.05 0.85 12154 words
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Page 26 Advertisements
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Advertisement59 2012-08-06 26 Experienced sH s p maintenanc services wanted. Can they find your services Here in the Shipping Times? TO ADVERTISE, CALI IOE WONG AT 9620 1327 THE BUSINESS TIMES Shipping Times I FREIGHT FORWARDER urgently needed by shippers TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here59 words
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Advertisement18 2012-08-06 26 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times Shipping Times18 words
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Page 27 Advertisements
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Advertisement172 2012-08-06 27 TO ADVERTISE IN The Business Times Shipping times CALL JOE WONG FREIGHT FORWARDER urgently needed by shippers Can they find your services here in the Shipping Times? TO ADVERTISE, CALL JOE WO IMG AT 9620 1327 Announce\bur Corporate Developments Come publicise your Corporate Developments, Corporate Image, Company Anniversaries, Award Wins172 words
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BizIT
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Article, Illustration863 2012-08-06 28 reportsAMIT ROY CHOUDHURY - Genesys says companies must use this powerful channel which has shifted the balance of power to customers, reports AMIT ROY CHOUDHURY reportsAMIT reportsAMIT ROY CHOUDHURY CAN organisations keep on ignoring the importance of social media as a channel to engage customers and other863 words
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379 2012-08-06 28 VICTORIA HO - By VICTORIA HO MALAYSIAN hosting provider, Exabytes, launched its cloud hosting service in Singapore last week. The SME has been around since 2001 and owns data centre infrastructure in its home country, as well as in Singapore and the US. While it has traditionally379 words
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Article, Illustration774 2012-08-06 29 VICTORIA HO - Too many security threats lead to apathy, US expert tells VICTORIA HO THE security industry shouldn’t raise the alert about every vulnerability it detects, said Howard Schmidt, the former top IT security adviser to US President Barack Obama. he familiarity that we have today774 words
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Article, Illustration724 2012-08-06 29 CLEMENT TEO - SSH’s universal key manager helps in compliance NEWS ANALYSIS By CLEMENT TEO PUBLIC key cryptography is a common method for secure access to information over an unsecured network. This involves issuing “security keys” one public and one private for users to access servers, and724 words
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what’s up
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40 2012-08-06 29 SAMSUNG has launched its EX2F camera here, a Wi-Fi enabled point-and-shoot with a large aperture f/1.4 lens. The camera can shoot 12 megapixel photos while video is being captured simultaneously, and goes for $699.40 words
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55 2012-08-06 29 CLOUDFX, a tech advisory firm, has appointed three senior managers for its Singapore headquarters. Chris Kelly is the new vice-president and chief operations officer. Jim Wagstaff is the vice-president and chief sales officer, and Laxman Bhatia is the new vice-president and chief55 words
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36 2012-08-06 29 JABRA’S new Halo2 headset has been launched in Singapore in white. The Bluetooth stereo headset allows users to turn it on and off by folding it. It is priced at $148.36 words
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47 2012-08-06 29 VICTORIA HO - Compiled by VICTORIA HO SONY’S Xperia Ion, Acro S and Go devices have launched in Singapore. The Ion retails for $798 and comes in black. The Acro S goes for $698 and the Go goes for $488. All three are Android smartphones.47 words
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876 2012-08-06 29 LOREN SHUSTER - <you say> By LOREN SHUSTER The author is Google’s country director for Singapore ASIA has undergone tremendous social and economic growth in recent years, but it also remains one of the most vulnerable to natural disasters. Over 90 per cent of people876 words
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532 2012-08-06 29 Bloomberg [SAN FRANCISCO] An Apple Inc marketing executive revealed the company’s reliance on free press coverage and product placement as it unveiled its case to jurors in the first week of a multibillion-dollar pa-tent-infringement trial against Samsung Electronics. Apple accusesBloomberg - 532 words
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Page 28 Advertisements
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Advertisement841 2012-08-06 28 SERIES Effective Leadership Customer Service Skills AUGUST 2012 FULL-DAY WORKSHOPS 27 Aug, 2012 (Mon) 23 Aug, 2012 (Thu) Unlock Your Personal Charisma The Unspoken Secret of the Successful SPH News Centre (9.30am to 6.00pm) Who should attend: What you will learn: How to connect with anyone (including difficult people) and841 words
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Advertisement192 2012-08-06 30 Montblanc® V-5 •*CV wv!S X' ■x. nn "fft > ■'V *s m-; A «a Sv6& I ,<r s O' as ja 'S a LH. 'i 4 n. cn ttl o 4 i H ?v3 Sr cS o •1*!*' *fn. m c 7- y? V V A mad f//0 M r192 words
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