The Business Times, 2 February 2013
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2013-02-02
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The Business Times
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Title Section19 2013-02-02 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g FEBRUARY 2-3, 2013 S$1.00| MICA (P) 075/08/2012 A SINGAPORE PRESS HOLDINGS PUBLICATION19 words
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549 2013-02-02 1 Samuel Ee - Authorities said to be looking at doing away with 100% loans; may also cut repayment period By Samuel Ee samuelee@sph.com.sg Singapore PECULATION is rife in the motor industry that the government may re-introduce restrictions on vehicle financing to cool strong demand for549 words
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Article, Illustration592 2013-02-02 1 Virginie Mangin - By Virginie Mangin btworld@sph.com.sg Beijing MANUFACTURING activity expanded in China last month, showing again that a recovery is on its way though there are signs that it could be fragile. China’s official purchasing managers’ index came inPHOTO: REUTERS - 592 words
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Page 1 Advertisements
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Advertisement181 2013-02-02 1 the business www. usinesstimes.com. The Raffles Conversation INDIAN FINANCE MINISTER P CHIDAMBARAM 10-11 supercars L19 LIVING How to style it for the festive season L2-5 TUDOR PELAGOS Self-winding mechanical movement, waterproof to 500 m, titanium and steel case 42 mm Visit tudorwatch.com and explore more. Exclusively available at: (5 TUDOR181 words
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Advertisement11 2013-02-02 1 SHOW ME THE MONEY Lessons from the global financial crisis 3311 words
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TOP STORIES
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MARKETS
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Article58 2013-02-02 2 GSTI 3,291.14 (+8.48) GSTI FUTURES 3,292.00 (+10.00) GSIMSCI 370.09 (+1.01) GSIMSCI FUTURES 370.80 (+2.40) Friday Change KL COMP 1,627.55 -0.18 NIKKEI 225 11,191.34 +52.68 HANG SENG 23,721.84 -7.69 SET 1,499.22 +25.02 JAKARTA 4,481.63 +27.93 MANILA 6,318.61 +75.87 KOSPI 1,957.79 -4.15 SHENZHEN B 870.14 -0.04 MUMBAI IND 19,781.19 -113.79 11.0058 words
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Article29 2013-02-02 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.840 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.50 Source: Bloomberg29 words
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Article48 2013-02-02 2 US$ S$ US$ (S$ per US$) 1.242 (US$/S$ per 1.586 1.969 EURO(US$/S$/€) 1.362 1.691 Foreign currency per US$ S$ YEN 92.10 74.20 RM 3.107 2.502 HK$ 7.757 6.247 BAHT 29.81 24.01 RUPIAH 9,750 7,853 RENMINBI 6.225 5.013 INDIAN RUPEE 53.30 42.93 A$ 0.961 0.774 NZ$ 1.187 0.95648 words
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608 2013-02-02 2 Malminderjit Singh - The recommendations that will be revealed will focus on helping SMEs along three broad thrusts, says Ser Luck By Malminderjit Singh msingh@sph.com.sg Singapore SMALL and medium-sized enterprises (SMEs) can look forward to measures in the Budget which will support them with productivity growth,608 words
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576 2013-02-02 3 Employers add 157,000 jobs to their payrolls in January LATEST US DATA Reuters Washington JOB growth in the US grew modestly in January and gains in the prior two months were bigger than initially reported, supporting views the economy’s sluggish recovery wasReuters - 576 words
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Article, Illustration1489 2013-02-02 4 / 5 Joyce Hooi - Gen Y is thriving on tweets, instantly streamed TV shows and snatches of news from Internet, all without paying a cent By Joyce Hooi joyceh@sph.com.sg Singapore FACEBOOK is for older people. Television is for people who are just old. Phonecalls are three-second semaphores Where areFILE PHOTO - 1,489 words
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306 2013-02-02 4 / 5 Bloomberg Oslo DENMARK’S government bonds ended January as the world’s worst performing sovereign debt class after investors unwound a trade that had benefited from the country’s euro peg, without the drawback of bailout commitments. Danish government bonds with maturities longer than one year lost 2.8Bloomberg - 306 words
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675 2013-02-02 6 Kalpana Rashiwala - MND says it will look at intensifying land use only where infrastructure can support it; opinion divided over impact on collective sales By Kalpana Rashiwala kalpana@sph.com.sg Singapore THE Ministry of National Development (MND) has indicated in its Land Use Plan that675 words
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Article543 2013-02-02 6 Mindy Tan - By Mindy Tan tanmindy@sph.com.sg Singapore PROPERTY counters ended mixed yesterday, following the release of the Land Use Plan, which outlined how the government intends to maintain quality of life amidst the expected population growth to 6.9 million by 2030. Some of the counters which posted543 words
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Article, Illustration532 2013-02-02 8 Grace Leong - Andy Ong given 7-day deadline; he faces removal by EGM if he doesn’t quit By Grace Leong gleong@sph.com.sg Singapore TWO weeks after external auditors of Sakae Holdings Ltd flagged financial irregularities at an associate firm, Andy Ong Siew Kwee, a non-executive director of Sakae,FILE PHOTO - 532 words
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724 2013-02-02 8 NYT Hong Kong THIS is one of the busiest and most crowded shopping districts in the world with sky-high retail rents to match but that has not stopped retailers from opening yet more stores in the city of seven million, attracted by hordesNYT - 724 words
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Page 2 Advertisements
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Advertisement63 2013-02-02 2 CONTENTS NEWS Top Stories 2-8 Week in Review 9 Raffles Conversation 10-11 Companies 12-15 From the Desk of 16 Singapore 17-18 World 19-22 Stocks Stats 23-27 Perspective 28-29 Wealth 30-35 Show Me The Money 33 Househunt 34 LIVING Design L2-5 Dining L6-9 CEOs’ Hawker Choices L10-12 Gadgets L13 BT Readers’63 words
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Page 3 Advertisements
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Advertisement102 2013-02-02 3 Work flat out, seven days a week. From 2 February, fly to Brisbane and Abu Dhabi daily, with Etihad. Enjoy a guaranteed fully-flat bed as well as your own dedicated Food and Beverage Manager in Pearl Business Class. And on the ground, our hospitality extends to the complimentary Etihad Chauffeur102 words
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Page 4 / 5 Advertisements
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Advertisement123 2013-02-02 4 / 5 The Peak Pepys 5500sqft. 4+1 bdrms. Private patio Facing sea and Kent Ridge Park. Elevated and well sited unit Selling vacant possession Rarely available Price: $8.8m KCNg *****001 Citiprop Property Mgt P/L CEA Reg No. R*****4B License No. L*****16G SINGAPORE —SWEEP— 1 st prize $2,200,000 SUPER SWEEP SNOWBALLED TO 5D123 words
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Page 6 Advertisements
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Advertisement362 2013-02-02 6 NOTICES COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SOON HOE TRADING PTE LTD (InMembers’VoluntaryLiquidation) Company Registration No. *****0721M NOTICE OF RESOLUTIONS AtanExtraordinaryGeneralMeeting of the members of abovenamed Company, duly convened and held at 11.30 a.m. at 190 Middle Road, #14-05 Fortune Centre, Singapore *****9, on 23rd January 2013362 words
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Advertisement370 2013-02-02 6 NOTICE TO CREDITORS AND CONTRIBUTORIES OF INTENTION TO APPLY FOR RELEASE AMRAE BENCHUAN TRADING PTE LTD (IN LIQUIDATION) Co. Reg. No. *****2611G COMPANIES WINDING UP NO. 216 OF 2003 /H Take notice that I, the undersigned Liquidator of the abovenamed company, intend to apply to Court for my release, dissolution370 words
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Page 7 Advertisements
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Advertisement223 2013-02-02 7 The Business Times Subscription rewards Get all these exclusive gifts when you subscribe to the new Business Times All-in-One. I Henschke Henry’s Seven Red Wine r~m FULLY REDEEMED Raffles Conversations Book 2012 FULLY REDEEMED $100 Far East Hospitality Hotel Staycation Voucher FULLY REDEEMED $50 Kitchen Language Dining Voucher i FULLY223 words
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Page 8 Advertisements
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Advertisement58 2013-02-02 8 HOT PROPERTY NERAM rd corner terr Fho 'd 289 2/4300 S f 5 Land M all. 31 Face ns. 0u,et -««C s S 9 e°s°s?on COnd SeiriK), 2- STy Award w n ning architect. m CORNER TERRACE. Check this and many other properties in CATS Classified in The Straits Times58 words
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WEEK IN REVIEW
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THIS WEEK Jan 28-Feb 1, 2013
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70 2013-02-02 9 THE calls for the government to aid businesses in the current tough environment have grown louder, but don’t expect the upcoming Budget to dish out help across the board. Trying though the business climate may be, the longer-term policy priority of restructuring Singapore’s70 words
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73 2013-02-02 9 THAI tycoon Charoen Sirivadhanabhakdi’s offer of $9.55 per share for Fraser and Neave Limited (F&N) is “fair”, according to F&N’s directors, who added that they intend to accept the revised offer in respect of their own direct share holdings. This includes chairman Lee73 words
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77 2013-02-02 9 DESPITE the manpower and cost challenges arising from foreign worker policy changes, Singapore still presents a “total package” that is attractive to global companies looking to tap the growth potential of Asia, particularly South-east Asia, said the Economic Development Board (EDB). Even so,77 words
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45 2013-02-02 9 SINGAPORE had hoped to ride a growth wave and tailored its policies accordingly. As things turned out, this led to the crunch in public housing and transport, Prime Minister Lee Hsien Loong explained on Monday.45 words
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57 2013-02-02 9 SINGAPORE is putting a new economic roadmap in place, one that will see a gentler but more sustainable pace of growth than before. At the same time, it will also start growing its workforce far more slowly than it has been57 words
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56 2013-02-02 9 IN about 17 years’ time, Singapore’s population could rise from 5.31 million today to as high as 6.9 million, based on the government’s latest projections. According to a population White Paper released on Tuesday, the population is likely to be anywhere between 6.556 words
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69 2013-02-02 9 THE biggest risk to the population scenario presented by the government is that companies fail to raise productivity swiftly enough to make up for the projected slowdown in workforce growth. Business associations, whose members already feel the pinch of tightened foreign69 words
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83 2013-02-02 9 Lees and Tans lock horns again over WBL A FRESH takeover tussle between two of Singapore’s most famous corporate families is erupting this time, at technology, property and motor group WBL Corporation. United Engineers, backed by OCBC Bank’s founding Lee family, on Wednesday made a counter-of-fer for WBL that values83 words
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Article, Illustration96 2013-02-02 9 A COUPLE of days after projecting that the population could rise to up to 6.9 million by 2030, the gov- ernment has revealed how they might be accommodated without Singapore feeling the squeeze. Reclamation alone will raise the land area by up to96 words
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78 2013-02-02 9 A CONTINUED slide in workforce growth will have devastating consequences for many companies, the Singapore Business Federation warned. “Some Singaporeans do not realise its impact but are seized with the prospect of an over-crowded island of 6.9 million people. We must explain78 words
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Article69 2013-02-02 9 US DATA Feb 5 Dec Factory Orders Feb 7 Productivity Preliminary Q4 Feb 8 Dec Trade Balance Dec Wholesale Inventories CHINA DATA Feb 3 Non manufacturing Feb 8 Consumer Price Index Producer Price Index Imports Exports SINGAPORE DATA Feb 7 Jan International Reserves EVENTS Feb69 words
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Page 9 Miscellaneous
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Miscellaneous307 2013-02-02 9 Across 1 Go on about head of root vegetable (6) 5 Last, in spite of expectations to the contrary (5,3) 9 One qualified to make songs better? (6,2,5) 10 Good manners in palace? Yes, all over the place (8) 11 Favourite left out? That’s brave (6) 12 Rumour about harbour307 words
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Miscellaneous19 2013-02-02 9 SATURDAY with Ludwig ‘After the battery of tests, it was found that the cause was you’re right battery failure.19 words
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THE RAFFLES CONVERSATION
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Article, Illustration2407 2013-02-02 10 / 11 Vikram Khanna - Indian Finance Minister Palaniappan Chidambaram talks to Vikram Khanna about how and why things are looking up for the Indian economy Vikram Khanna vikram@sph.com.sg IN 66 years of post-independ-ence Indian politics, where cabinet positions are much-coveted, only one individual has had the distinction of holding the prized2,407 words
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COMPANY NEWS
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747 2013-02-02 12 Kenneth Lim - It ends January with value of $940.6b, up 6% from December By Kenneth Lim kenlim@sph.com.sg Singapore GLOBAL inflows into equity markets and still-attractive valuations pushed the market value of Singapore-listed stocks to a postfinancial crisis high. The total market capitalisation of companies listed on747 words
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280 2013-02-02 12 Bloomberg Singapore TEMASEK Holdings Pte said Chia Song Hwee replaces Tan Chong Lee as head of the investment unit as the Singapore state-owned asset manager reshuffles senior management positions. Effective yesterday, Mr Chia becomes head of the investment group in a change of title, whileBloomberg - 280 words
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449 2013-02-02 12 Kenneth Lim - By Kenneth Lim kenlim@sph.com.sg Singapore JAPANESE brewer Kirin Holdings said yesterday that it will sell its entire 14.8 per cent stake in Fraser and Neave (F&N) to Thai tycoon Charoen Sirivadhanabhakdi for $2 billion. Kirin, which bought into F&N in 2010 and is449 words
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354 2013-02-02 13 Grace Leong - Three-year renewal comes with additional requirements to strengthen compliance By Grace Leong gleong@sph.com.sg Singapore THE Casino Regulatory Authority of Singapore (CRA) has renewed the casino licence of Genting Singapore’s Resorts World at Sentosa (RWS) for a further three years. In a news release issued yesterday,354 words
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400 2013-02-02 13 Lynn Kan - By Lynn Kan lynnkan@sph.com.sg Singapore THROUGHPUT and revenue at Hutchison Port Holdings Trust ports were below projections, but the trust is sticking to its prospectus when it comes to its 2012 distribution per unit (DPU). For the six month June-De-cember 2012 period,400 words
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Article429 2013-02-02 13 Cai Haoxiang - By Cai Haoxiang haoxiang@sph.com.sg Singapore STRONG Chinese consumption gave CapitaRetail China Trust (CRCT) a boost in its quarterly results. Its fourth-quarter distribution per unit (DPU) was 2.3 cents, up 0.9 per cent from a year ago. For the whole of 2012, DPU was 9.54 cents, up429 words
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365 2013-02-02 13 Lee Meixian - By Lee Meixian leemx@sph.com.sg Singapore CAPITALAND’S serviced residence business unit, The Ascott Limited, has received a contract to manage its fifth property in Hanoi, Vietnam. The 252-unit Somerset West Central Hanoi will be situated in the Nam Trung Yen new urban area in Cau365 words
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Article214 2013-02-02 14 Jasmine Ng - By Jasmine Ng jasng@sph.com.sg Singapore CHUAN Hup Holdings recorded a 21.2 per cent decline in net profit for the fiscal second quarter, hit by a slowdown in its electronics manufacturing services business. The company, which has investments in marine services and property, said yesterday214 words
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350 2013-02-02 14 Malminderjit Singh - Organisations need to develop strategies to attract, retain talented people By Malminderjit Singh msingh@sph.com.sg Singapore ORGANISATIONS need to keep a firm eye on replacing top talent, especially in countries with ageing populations, according to a latest report by professional services firm350 words
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313 2013-02-02 14 Lee Meixian - By Lee Meixian leemx@sph.com.sg Singapore ROWSLEY Ltd returned to the black in its fiscal third quarter, as it posted a net profit attributable to equi-ty-holders of $70,000, compared with a $2.2 million net loss a year earlier, when it registered a $1.8 million313 words
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Article, Illustration635 2013-02-02 15 R Sivanithy - STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent THE main trading themes for the week just past were the same as the week before and the week before that near-frenzied penny stock churning resulting in the value per unit traded every day635 words
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207 2013-02-02 15 Reuters Hong Kong RRJ Capital, a Hong Kong firm led by prominent Asia dealmakers the Ong brothers, has raised US$3.5 billion for its second fund, a source with knowledge of the matter said, making it the sec-ond-largest Asia Pacific-based privateReuters - 207 words
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Article59 2013-02-02 15 BY CENTS CLOSE UP Lyxor Indonesia10US$ 9750 252.0 2.1 Lyxor US DJIA 10 US$ 1413 96.8 5.8 Great Eastern 1790 93.0 5.5 DBXT MSINDO 10us$ 1570 43.5 2.3 DBXT STGLDv100 10US$ 2979 37.3 1.0 DairyFarm 1242 27.3 1.8 DBS Grp 1515 19.0 1.3 Jardine C&C 5080 19.0 0.459 words
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Article62 2013-02-02 15 BY CENTS CLOSEDOWN DBXT iBoxxKR 5US$ ***** -497.9 -2.7 GLD 10US$ ***** -111.7 -0.6 DBXT Nifty 10US$ ***** -70.8 -0.5 DBXT FTVietnam 10US$ 2613 -55.9 -1.7 JMH 6441 -49.7 -0.6 DBXT iBoxxSing 5SG$ ***** -35.0 -0.3 JSH 3798 -34.8 -0.7 DBXT MSTHAI 10US$ 2209 -19.9 -0.7 IS ASIA62 words
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318 2013-02-02 15 Teo Si Jia - By Teo Si Jia teosj@sph.com.sg Singapore GUOCOLAND’S net profit for the second quarter ended Dec 31, 2012, dipped 2 per cent to $12.57 million from a year ago. This is despite revenue rising 61 per cent to $234.85 million, from $145.76 million a year318 words
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Article153 2013-02-02 15 VOL CLOSE Ntegrator 31 2,412 7 1 .3 22.8 YHM 149,781 4 1 0.0 0.0 I PCO I ntl 145,173 2 4 0.0 0.0 ElektromotiW*****0 11 3,726 0 1 0.0 0.0 Ha l cyon 103,794 49 5 0.0 0.0 Geo Energy 85,644 56 5 3.0 5.0 AEM153 words
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Article108 2013-02-02 15 Stock name Close Change CapMallsAsia 2.240 +0.080 CapitaLand 3.980 -0.020 CapitaMall 2.120 CityDev 11.70 +0.010 ComfortDelGro 1.915 -0.015 DBS Grp 15.15 +0.190 F&N 9.430 -0.120 GLP 2.800 +0.040 Genting SP 1.525 -0.025 Golden Agri 0.640 +0.005 HK Land 7.900 +0.070 IHH Healthcare 1.340 +0.005 JMH 64.41 -0.400 JSH108 words
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Page 14 Advertisements
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Advertisement60 2013-02-02 14 FEB ISSUE OUT NOW! hxc O-TCI 9:50 K search maps TESTED lil V i '.Vi D PROJECTORS OFFICE O .9 IN THIS ISSUE TOP SMARTPHONE GPS APRS THE NEW MICROSOFT OFFICE GAMING HEADSET COMPARED BUSINESS PROJECTOR TESTED HWM digital edition is available on iPad Android visit www.hardwaremag.com for more info60 words
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Advertisement57 2013-02-02 14 CITISPA is hiring a Management Trainee(s) Harvey Norman has a position open for an Accounts Assistant/ Executive EA Technology Asset Management has a vacancy for the position of Sales Manager Platts is recruiting a Client Development Manager Multi-Fineline Electronix Singapore is looking for an Assistant Finance Manager Check out more57 words
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FROM THE DESK OF
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Article, Illustration1010 2013-02-02 16 Susie Martin - With the technological revolution in full swing and the marketplace always changing, businesses have a new, more efficient and more sustainable workplace solution be it a virtual office, cloud computing or serviced workspace FROM THE DESK OF Susie Martin General manager, South-East Asia India,1,010 words
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SINGAPORE NEWS
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Article, Illustration559 2013-02-02 17 Malminderjit Singh - It’s a basis for planning for future and worstcase scenario, he says; MND clarifies how it arrived at figures of population densities By Malminderjit Singh msingh@sph.com.sg SINGAPORE may not hit the 6.9 million population figure as provided in the White Paper559 words
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Briefing
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160 2013-02-02 17 THE Singapore Land Authority (SLA) yesterday awarded 51 Fairways Drive back to Bukit Timah Saddle Club (BTSC). SLA had put out the 104,567.2-square metre site for public tender to allow other interested parties who wish to run a saddle club160 words
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97 2013-02-02 17 A MOBILE application for the Singapore Budget was launched yesterday to allow users to listen and view the Budget Speech “live” while on the move. Called “SG Budget 2013”, the application is available free on iPhone and Android smartphones. It will also give access97 words
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79 2013-02-02 17 JTC Corp has awarded the tenders for two industrial sites at Tuas South Street 6. Plot 30 in Tuas South Street 6 was awarded to Koh Brothers Building Civil Engineering Contractor (Pte) Ltd, which put in the highest bid of $6.6 million or79 words
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532 2013-02-02 17 Ronnie Lim - The company says general managers of its commercial and operations units will be made directors By Ronnie Lim ronnie@sph.com.sg JUST months before the start-up of the first-phase $1.7 billion liquefied natural gas terminal here, Singapore LNG has lost its number two,532 words
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376 2013-02-02 18 Joyce Hooi - Online retailer sees mobile sales here rising to 30% of total group sales, from 20% last year; local players now on its website too By Joyce Hooi joyceh@sph.com.sg QOO10, which is gearing up for an initial public offering (IPO), is bullish376 words
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Article, Illustration374 2013-02-02 18 Ma Xiangyu - By Ma Xiangyu xiangyu@sph.com.sg US bank JP Morgan has given US$200,000 to the Business Times Budding Artists Fund (BTBAF) in support of arts programmes for underprivileged youth. JP Morgan Private Bank head of South Asia and philanthropy chair Rahul Malhotra presented374 words
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347 2013-02-02 18 Ma Xiangyu - By Ma Xiangyu xiangyu@sph.com.sg COMPLAINTS in the motor and electronics sectors shot up last year, data from the Consumers Association of Singapore (Case) shows. The number of complaints against the motor industry soared 79 per cent to 2,255 in 2012 ous year, giving the347 words
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WORLD
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Article, Illustration825 2013-02-02 19 Easy monetary policies in rich economies spark concerns of competitive devaluations Reuters Singapore SOUTH Korea’s threat to impose a broad tax on financial transactions is the first sign of deepening concern in Asia that speculation of competitive currency devaluations is promptingReuters; PHOTO: BLOOMBERG - 825 words
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526 2013-02-02 19 They have surged 40% in 8 months, but investors are wary Reuters London ONCE-SHUNNED global banking stocks have surged nearly 40 per cent in just eight months, but many investors remain wary of buying into a sector whose future size and shape isReuters - 526 words
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364 2013-02-02 20 Reuters Jakarta INDONESIA’S trade deficit narrowed in December, but exports fell much more than expected and some economists predict that 2012’s first annual deficit in history might not be the country’s last. December’s deficit, announced yesterday by the statistics bureau, was US$0.15Reuters - 364 words
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568 2013-02-02 20 BOT seen leaving its policy rate unchanged at 2.75% at next meeting Reuters Bangkok THAILAND’S headline inflation rate in January eased from a more than one-year high in December, showing a big wage rise last month has had only a limited impact soReuters - 568 words
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Briefing
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71 2013-02-02 21 AFP New Delhi Bharti Airtel, India’s top mobile company, reported yesterday its net quarterly profit plunged by an unexpected 72 per cent, hit by punishing price competition and a surge in interest charges. The profit drop to 2.84 billion rupees (S$66.2 million) inAFP - 71 words
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92 2013-02-02 21 Reuters LondonNew Barclays chief executive Antony Jenkins has opted not to take a bonus for 2012, saying he should “bear an appropriate degree of accountability”for the difficult year his bank endured. Mr Jenkins, who became CEO in August, said heReuters - 92 words
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88 2013-02-02 21 Reuters Paris French car sales fell 15 per cent to their lowest January level in 16 years, as Volkswagen and US carmakers led declines, leaving no end in sight to Europe’s autos slump. Registrations in France fell to 124,952 cars last month fromReuters - 88 words
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48 2013-02-02 21 Bloomberg Kuala Lumpur A Standard Chartered plc automated teller machine at Kuala Lumpur’s Suria KLCC shopping mall was compromised and customer funds were illegally withdrawn. Thirteen customer accounts were affected, said Norliza Kamaruddin, a Kuala Lumpur-based spokeswoman at the bank. BloombergBloomberg - 48 words
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Article626 2013-02-02 21 Statutory debt ceiling will be suspended until May as US$1 t in spending cuts loom NYT Washington THE Senate gave final approval on Thursday to legislation suspending the statutory debt ceiling until May, officially turning Congress’ attention to the next budget showdown: US$1 trillion inNYT - 626 words
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Article, Illustration548 2013-02-02 21 AFP Tokyo PANASONIC and Sharp racked up more than US$11 billion in combined losses over the nine months to December as the embattled Japanese electronics giants warned yesterday that there was more bleeding to come. Japan’s battered electronics sector has suffered from myriad problemsAFP; PHOTO: AP - 548 words
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Article, Illustration915 2013-02-02 22 More than US$20b wiped out at major American firms; actuaries blame low rates, mark-to-market accounting Reuters New York PENSION charges wiped out more than US$20 billion in fourth-quarter earnings at major American companies, as persistently low interest rates leave some of those withReuters; PHOTOS: REUTERS - 915 words
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Page 20 Advertisements
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Advertisement52 2013-02-02 20 FEBRUARY ISSUE OUT NOW! ’SINGAPORE HOmED A *5 SPRING SEASON EASY-T0-00 FENGSHUI AUSPICIOUS propcrW Malay**" m 32 WA TO CR ORES HOME DECOR'S Chinese New Year Giveaway ffl$12,000 WORTH OF GIFTS! 0M PREMIUM MATTRESS NIPPON PAINT HOME PAINTING SERVICES POP AND CONTEMPORARY FINE ART LIMITED-EDITION LITHOGRAPH Enter to win at52 words
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Advertisement58 2013-02-02 20 The Finder Singapore The Essential Expat Magazine lwww.TheFinder.com sg e inder SHOPPING RESTAURANTS FURNITURE TRAVEL WELLNESS SMOOTH OPERATORS HOW TO SUCCEED IN A PARTNERSHIP YOUR 2013 HOROSCOPE ENCHANTING GETAWAYS, AFTERNOOrr DELIGHTS high lea HAVENS SEE PAGE 32 OUHMSUNO Ci Spin Grea ...meet Lion City%r culturecfusaSer Joel Fraser FREE DOWNLOAD Available58 words
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Page 22 Advertisements
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Advertisement165 2013-02-02 22 THE BUSINESS TIMES SATURDAY SPECIAL A Prawn Platter On The House! Present this ad for a Typhoon Shelter Deep Fried Prawn Platter worth $14.80 with every $40 spent! Venue Secret Garden, Chinatown Point #02-39, Tel: 65-*****936 Terms conditions R J;OSO8’OQ <=;’O? 4E!’? +;OS 1=C 8O 1=C &I @DB> R 7OS<!’S=Q8E;/"165 words
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Article8229 2013-02-02 23 Transaction date: Feb 1 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 15 11.4 8Telecom 14 13 16 66.8 0.4 3.4 67 6 3 A-Sonic 4.3 4.2 4.8 3 30.8 AAT 2 halt 1.68,229 words
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Article1911 2013-02-02 26 52-wks Last Vol Day Last Quote Div GrYld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 21 15 t 800 Super 21 20 21 3.3 4.8 6.3 37.5 4 2.8 t AA Grp 2.8 2.8 4.4 2.7 96 17.2 t APStrategic1,911 words
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Article186 2013-02-02 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 10 3 4 0 0 0 10 3 4 Manufacturing 59 55 40 7 10 11 66 65 51 Commerce 26 18 20 1 4 5 27 22 25 Tpt/Stor/Comms 15 13 16186 words
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Article123 2013-02-02 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 19,271 19,271 57,595 57,595 Manufacturing 604,141 254,560 858,701 275,354 55,372 330,726 Commerce 259,284 22,275 281,559 116,326 2,098 118,424 Tpt/Stor/Comms 154,354 18,175 172,529 162,350 5,960 168,310 Finance 107,342 68 107,410 231,849 30 231,879 Construction 247,616 152,491123 words
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Article803 2013-02-02 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jan 28 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Sino Construction 31-Jan-13 Sino Xin Yuan Const Invtmt Buy 423 0.03 *****9 18.21 *****2 18.28 Sino Construction803 words
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MARKETS
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Article80 2013-02-02 27 Jan 31 COCOA (£/tonne) Close Prev High/Low Mar 13 1428 1420 1440/1415 May 13 1437 1429 1446/1426 Jul 13 1446 1439 1455/1436 Sep 13 1455 1447 1464/1445 COFFEE(US$/tonne) Close Prev High/Low Jan 13 2018 2018 2028/2018 Mar 13 2009 1968 2014/1955 May 13 2011 1982 2017/1968 Jul 13 201880 words
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Article67 2013-02-02 27 Feb 1 GOLD(US$/oz) Feb 01 Jan 31 Hong Kong 1672.00 1683.50 Jan 31 Jan 30 London 1663.43 1680.33 1664.36 1681.13 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 39.28 38.63 Source: UOB PLATINUM Lon (US$/oz) Jan 31 Close Previous PM Fix 1672.00 1688.00 AM Fix 1680.00 1686.00 Source:67 words
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Article53 2013-02-02 27 Jan 31 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Feb-13 2460.0 2512.0 2525.0 2459.0 385 4770 Mar-13 2501.0 2528.0 2563.0 2496.0 3514 ***** Apr-13 2532.0 2557.0 2593.0 2527.0 ***** ***** May-13 2555.0 2576.0 2615.0 2551.0 ***** *****53 words
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Article92 2013-02-02 27 Feb 1 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****A 02-May-13 0.25 6-Month BS*****F 25-Jul-13 0.26 1-Year BY*****X 01-Nov-13 0.27 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0N 0.25 01-Oct-14 99.93 99.98 99.98 5-Year N*****0Z 2.37592 words
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Article154 2013-02-02 27 Feb 1 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.2914 1.2917 1.0401 1.0403 Canadian dollar 1.2440 1.2447 1.0024 1.0019 Euro 1.6911 1.6914 1.3620 1.3622 NZ dollar 1.0463 1.0466 0.8427 0.8429 Sterling pound 1.9688 1.9693 1.5857 1.5860154 words
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Article124 2013-02-02 27 Feb 1 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.321 1.259 Can dollar 1.273 1.213 Euro 1.729 1.647 Sterling pound 2.006 1.929 NZ dollar 1.079 1.018 US dollar 1.266 1.206 Local dollars to 100 units of foreign currency: Currencies Sell124 words
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Article104 2013-02-02 27 Jan 31 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Mar 13 1468.50 1478.75 1484.25 1455.00 May 13 1459.75 1467.50 1473.50 1446.00 Jul 13 1449.50 1457.25 1463.00 1435.50 Aug 13 1419.25 1426.25 1430.75 1406.50 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Mar 13 52.86 52.60 52.96104 words
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MARKETS
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Article, Illustration20 2013-02-02 27 YTD change: +3.92% 52-week high: 3,293.31 on Feb 1,2013 52-week low: 2,698.90 on June 4,2012 Source: BloombergSource: Bloomberg - 20 words
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Article, Illustration21 2013-02-02 27 YTD change: +4.70% 52-week high: 23,916.16 on Jan 30, 2013 52-week low: 18,056.40 on June 4,2012 Source: BloombergSource: Bloomberg - 21 words
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Article, Illustration20 2013-02-02 27 YTD change:+6.61% 52-week high: 2,478.38 on Feb 27,2012 52-week low: 1,949.46 on Dec 4,2012 Source: BloombergSource: Bloomberg - 20 words
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Article, Illustration19 2013-02-02 27 YTD change: +7.66% 52-week high: 11,237.84 on Feb 1,2013 52-week low: 8,238.96 on June 4,2012 Source: BloombergSource: Bloomberg - 19 words
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Article, Illustration27 2013-02-02 27 YTD change: +5.77% 52-week high: 13,969.99 on Jan 29, 2013 52-week low: 12,035.09 on June 4,2012 (Chart shows Thursday’s index closing) Source: BloombergSource: Bloomberg - 27 words
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Article68 2013-02-02 27 Jan 31 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 115.32 0.50 WTI (Near Mth) 97.43 -0.55 Dubai (1-Mth F) 109.83 0.30 Tapis blend 120.97 -0.07 Minas 117.07 -0.07 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 108.89 0.22 Jet Kerosene 131.09 0.18 US$/barrel OpecOil Basket Price 112.368 words
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Article69 2013-02-02 27 Jan 31 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 2054.25 2066.50 3 months 2091.00 2104.00 Copper, Grade A (US$/tonne) Cash 8128.25 8190.75 3 months 8165.00 8226.00 Lead (US$/tonne) Cash 2422.00 2426.75 3 months 2431.00 2439.00 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.0069 words
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373 2013-02-02 27 In local curr In S$ In US$ dy yr dy yr dy yr Jan 31 Index Change Change Change Change Change Change World Preliminary 988.0 -0.3 5.3 0.0 6.4 -0.3 5.0 EAFE Preliminary 820.2 -0.3 5.9 0.0 6.7 -0.2 5.3 Europe Preliminary 1205.9 -0.6 5.1373 words
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PERSPECTIVE
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Article, Illustration1174 2013-02-02 28 / 29 Bala Shankar - Amid all the efforts by various governments to jump-start activities linked to employment and the constant replay of pains in one labour market after another, several issues continue to baffle. By Bala Shankar By Bala Shankar ~The writer is adjunct professor at SMU and NTUPHOTO: BLOOMBERG - 1,174 words
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842 2013-02-02 28 / 29 José Graziano da Silva - By José Graziano da Silva ~The writer is director-general of the UN Food and Agricultural Organization Project Syndicate SOMETIMES something happens that can have a fundamental impact on mankind, but passes largely unnoticed at the time. Such an event occurred in December in Rome. The CouncilProject Syndicate - 842 words
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Wealth
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WEALTH INVESTING
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Article, Illustration1623 2013-02-02 30 / 31 Markets funds there earn returns at least 7 percentage points higher than mutual fund managers globally Bloomberg Hong Kong STOCK pickers focused on the least-developed markets are trouncing their benchmark index and producing annual returns at least seven percentage points higher than mutual fund managersBloomberg; PHOTO: AP - 1,623 words
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Article702 2013-02-02 30 / 31 Kenneth Lim - Compiled by Kenneth Lim Yoma Strategic Holdings Sell OCBC Investment Research Feb 1 Close: $0.865| YOMA Strategic Holdings (Yoma) reported Q3 FY13 PATMI (profit after tax and minority interests) of $3.7 million, increasing by $2.3 million year-on-year (y-o-y) mostly due to higher sales of residences and land development702 words
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Article, Illustration1100 2013-02-02 32 William Tan - After years of selling equities and buying fixed-income assets, there’s now a case for a rotation back to stocks WEALTH INSIGHTS William Tan Franklin Templeton ~The writer is the director of Retail Fund Distribution in South-east Asia for Franklin Templeton THE latePHOTO: AFP; Source: Investment Company Institute, Washington, DC 2012 - 1,100 words
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Article, Illustration1049 2013-02-02 33 Teh Hooi Ling - The global financial crisis has shown that some models and theories investors have relied on may not always stand SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent ~The writer is a CFA charterholder WHAT do you know, it has been more than four yearsFILE PHOTO - 1,049 words
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WEALTH REAL ESTATE
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Article841 2013-02-02 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN JAN 2 AND JAN 8, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED V On Shenton Apt 02/01/2013 99 958 2090 2182 V On Shenton Apt 07/01/2013841 words
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635 2013-02-02 35 Beijing might tighten mortgage policies for second-home buyers, according to the report Reuters Shanghai CHINA will postpone the expansion of a pilot programme to implement a property tax, the official China Securities Journal reported, citing anonymous official sources, who added that Beijing intendsReuters - 635 words
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Article, Illustration470 2013-02-02 35 Bloomberg Shanghai CHINA’S new home prices rose one per cent last month, the biggest gain in two years, as developers turned optimistic because the government did not impose additional measures to curb the property market last month. PricesBloomberg; PHOTO: AFP - 470 words
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Advertisement64 2013-02-02 36 ■Vr L, Vt W L. T f t x -X -1 V r r TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. CONGRATULATIONS NOVAK DJOKOVIC. TRIUMPHANT IN MELBOURNE AND NOW THE FIRST MAN TO WIN THREE SUCCESSIVE AUSTRALIAN TITLES. WORLD NUMBER ONE. \Y iUDEMARS PlGUET Le Brass us SINGAPORE64 words
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Advertisement60 2013-02-02 1 LivingBTTHE BUSINESS TIMES WEEKEND FEBRUARY 2-3 2013 SPRING IS IN THE AIR How to style it for the festive season L2-5 PHOTO: TAY SUAN CHIANG CEOs' HAWKER CHOICES Best rojak stalls L10-12 NO HOLDS BARRED A winning formula L17 DINING 4 chefs rethink traditional favourites L6-7 MOTORING Super deals L1960 words
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BT Living
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DESIGN
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Article, Illustration1145 2013-02-02 2 / 3 Tay Suan Chiang - How to style it simple yet keep it festive for Chinese New Year. By Tay Suan Chiang WITH eight days to go to Chinese New Year, if you’re panicking because the only festive-related decor you have is the dead kumquat tree from last year, don’tEGG3 PHOTOS BY YEN MENG JIIN - 1,145 words
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Article, Illustration1179 2013-02-02 4 / 5 Tay Suan Chiang - For Brenda Loke, Chinese New Year decorating is a calmly organised affair, involving all members of her family. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg IN the lead up to Chinese New Year, hordes of people shopping in Chinatown is a common sight, soPHOTOS BY TAY SUAN CHIANG - 1,179 words
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DINING
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Article, Illustration1279 2013-02-02 6 / 7 Sara Yap - Amidst the frenzy of Chinese New Year preparations, four chefs have turned tradition on its head with their own modern spin on festive dishes. If pencai is not your thing, then try creating your own classics with these simple recipes.. By Sara Yap By Sara YapYEN MENG JIIN; ARTHUR LEE - 1,279 words
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Article, Illustration1167 2013-02-02 8 Debbie Yong, Sara Yap - Nothing ushers in the Lunar New Year like the aroma of buttery pineapple tarts. Debbie Yong and Sara Yap munch their way way through more than 20 brands to compile the best 10 Debbie Yong, Sara Yap Goods of Desire Mahjong Box Quirky Hong1,167 words
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Article, Illustration1070 2013-02-02 9 Debbie Yong - Debbie Yong visits a humble Taiwanese pineapple tart maker to see how they are changing the industry by doing everything business gurus tell you not to do Debbie Yong debyong@sph.com.sg If brands were women, Sunnyhills with its slick Zen-like stores packed with Japanese tai-tais would be the ultimatePHOTO: SUNNYHILLS - 1,070 words
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CEOS' HAWKER CHOICES 2013
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Article, Illustration2690 2013-02-02 10 / 11 Natalie Koh; Geoffrey Eu; Debbie Yong; Tay Suan Chiang - The Chinese serve it as tangy fruit salad while the Indians dish it up as a mixed platter of fried vegetable and seafood items. Regardless, the two different styles of rojak are extremely popular with Singaporeans of all races who usually eat it as an appetiser or sidePHOTOS BY YEN MENG JIIN; PHOTOS BY DEBBIE YONG; PHOTO BY YEN MENG JIIN - 2,690 words
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Article, Illustration488 2013-02-02 12 Tay Suan Chiang - By Tay Suan Chiang taysc@sph.com.sg Casey Teh Managing director, Simmons (South-east Asia) CASEY Teh does 100 push-ups and then 100 sit-ups every weekday, jogs thrice a week, and has low-fat turkey breast sandwiches for lunch nearly every day. But the man admits that he does have cravingsPHOTO BY YEN MENG JIIN - 488 words
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GADGETS
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Article, Illustration566 2013-02-02 13 Christopher Lim - Christopher Lim takes a look at various options for getting good sound quality for TVs and monitors without adding much clutter Christopher Lim limchris@sph.com.sg Bose Solo TV speaker $649 THERE’S an easier way to add Bose sound to your TV than buying a whole VideoWave II set. The566 words
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BT READERS' PROMOTION
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Article, Illustration1774 2013-02-02 14 / 15 Ka-thie Julyan - This February, the Singapore Flyer has more to offer than just the famous wheel Compiled by Ka-thie Julyan BT Promotions Team chenk@sph.com.sg THE world’s tallest observation wheel has served as the backdrop of television programmes, travel documentaries, and countless photographs in the last few years. It even1,774 words
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HEALTH
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Article, Illustration862 2013-02-02 16 Cheah Ui-Hoon - Musculo-skeletal therapist Rohan Quarry Day has to be physical trainer, physiotherapist and psychotherapist all at once for his loyal clients. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg WITH all the computer work Singaporeans do, not to mention peering at their smartphones during the hours awayPHOTO: COMO HOTELS AND RESORTS - 862 words
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SPORT
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Article, Illustration840 2013-02-02 17 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent VICTOR Cui, the founder and CEO of Singapore-based One Fighting Championship (One FC), knows a winning formula when he sees one. Toss a couple of the best mixed martial artists from around the world into an imposing, 2.8PHOTOS: ONE FC, FILE PHOTO - 840 words
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MOTORING
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Article, Illustration656 2013-02-02 18 Samuel Ee - Volvo unveils the S60 with a 1,600 cc diesel engine. By Samuel Ee samuelee@sph.com.sg NOW that the diesel special tax has been lowered, new models are being launched faster than you can say “turbodiesel”. The latest is the Volvo S60 D2 with a 1.6-litre four-cylinder turbodiesel engine. While656 words
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Article, Illustration726 2013-02-02 19 Samuel Ee - In the last of this series on the used car market, Samuel Ee looks at the pre-owned super sports and ultra-luxury segment Samuel Ee samuelee@sph.com.sg ANYONE eyeing a super sports car or ul-tra-luxury model is unlikely to be fazed by the current high COE premium. But purchasing power726 words
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Article, Illustration698 2013-02-02 20 CY Chew - The new Kia Forte K3 is lower and wider, giving it a more planted stance. By CY Chew btnews@sph.com.sg KOREAN car manufacturers have made great strides since the mid-70s when the Hyundai Pony was the first Korean-developed car. Today, Hyundai and Kia are major players in the automotive698 words
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Advertisement844 2013-02-02 4 / 5 wine&dine with BTWeekend Peach Blossoms Level 5, Marina Mandarin Singapore 6 Raffles Boulevard Z6845 1111 Auspicious Beginnings Till Feb 24, 2013 Celebrate the year of the Snake with a plethora of dining offers. Usher in good health, prosperity and good fortune at Peach Blossoms as Chinese Executive Chef Chan Shun844 words
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Advertisement61 2013-02-02 10 / 11 EVERY AVENUE TOGETHER Knight Frank Knight Frank’s industrial space team has the knowledge and expertise to customise solutions for your business space planning needs, through the different stages of your company’s growth. Call Knight Frank Industrial Team at 6222 1333 for the full suite of industrial solutions. CORPORATE SERVICES >61 words
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Advertisement33 2013-02-02 13 HOME NEE S It's time to finally get rid of these pests! To find out more, turn to CLASS 116 in CATS Classified in The Straits Times now. WATS BUY IT-SELL IT-FIND IT33 words
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Advertisement262 2013-02-02 16 /f IK IIA -f HEART, STROKE CANCER CENTRE "A medical centre of Singapore Heart, Stroke and Cancer Centre preserving Health and Longevity V u Expertise in the Prevention, early Detection and Management of Heart disease, Stroke and Cancer Multi-disciplinary team of highly experienced specialists in various fields led by internationally262 words
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