The Business Times, 13 April 2013
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2013-04-13
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The Business Times
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Title Section18 2013-04-13 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg APRIL 13-14, 2013 S$1.00 MICA (P) 075/08/2012 SfJl A SINGAPORE PRESS HOLDINGS PUBLICATION18 words
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Article32 2013-04-13 1 BOJ POLICY IMPACT THE yen continued to test the 100-level to the US dollar but was beaten back by a battery of forex market option contracts. 232 words
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35 2013-04-13 1 IN SINGAPORE THE central bank now thinks inflation for 2013 will come in lower than it did before. But it kept the trade-weighted Singapore dollar on an appreciating path.| 435 words
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26 2013-04-13 1 PENANG POLLS THE DAP is playing it extra careful after landing a better-than-expected mandate in the 2008 election. 626 words
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Article29 2013-04-13 1 US DATA US RETAIL sales contracted in March, a sign the American economy may have stumbled at the end of the first quarter. 2029 words
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1024 2013-04-13 1 Nisha Ramchandani - Sharp shrinkage in manufacturing headlines gloomy numbers as MTI’s advance estimates catch economists by surprise By Nisha Ramchandani nishar@sph.com.sg Singapore THE Monetary Authority of Singapore (MAS) stuck to its policy of allowing its currency to strengthen gradually, even as the central bank trimmed1,024 words
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842 2013-04-13 1 Joyce Hooi - Remittances to Philippines and, soon, local fund transfers via mobile devices By Joyce Hooi joyceh@sph.com.sg Singapore SINGTEL wants your money. Specifically, it wants your cash. In a bold move to nudge consumer spending down the cashless track, the telco launched its mCash service yesterday842 words
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Page 1 Advertisements
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Advertisement17 2013-04-13 1 www. usinesstimes.com. g MOTORING Upgraded Merc E-Class safer and sportier L18 RAFFLES CONVERSATION Economist Peter Diamond 10-1117 words
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Advertisement18 2013-04-13 1 TRAVEL Falling for Fukushima L8-9 WEALTH Market in second-hand endowment policies 30-31 LIVING A starlit fragrant harbour L2-318 words
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TOP STORIES
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Article, Illustration598 2013-04-13 2 Anthony Rowley - ‘Mr Yen’ endorses Kuroda’s policies but doubts if 2% inflation target can be achieved By Anthony Rowley btworld@sph.com.sg Tokyo THE yen continued to hammer at the door of 100 to the US dollar yesterday but could not quite make it through598 words
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MARKETS
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Article59 2013-04-13 2 HSTI 3,294.19 (-14.61) HSTI FUTURES 3,274.00 (-15.00) HSIMSCI 374.50 (-1.44) HSIMSCI FUTURES 371.70 (-2.20) STOCKS Friday Change KL COMP 1,698.53 -8.51 NIKKEI 225 13,485.14 -64.02 HANG SENG 22,089.05 -12.22 SET 1,527.32 +10.51 JAKARTA 4,937.21 +12.95 MANILA 6,891.43 +59.69 KOSPI 1,924.23 -25.57 SHENZHEN B 789.66 +2.17 MUMBAI IND 18,242.56 -299.6459 words
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Article29 2013-04-13 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.308 TAIWAN 5.036 JAPAN 1.475 KOREA 9.33 BRITAIN 0.50 US 3.25 CANADA 3.00 SWITZERLAND 0.50 INDIA 14.45 Source: Bloomberg29 words
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Article48 2013-04-13 2 US$ S$ US$ (S$ per US$) 1.238 (US$/S$ per 1.537 1.903 EURO(US$/S$/€ 1.306 1.617 Foreign currency per US$ S$ YEN 99.30 80.20 RM 3.041 2.456 HK$ 7.762 6.270 BAHT 29.03 23.44 RUPIAH 9,712 7,844 RENMINBI 6.192 5.001 INDIAN RUPEE 54.53 44.05 A$ 0.949 0.766 NZ$ 1.162 0.93848 words
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Article, Illustration769 2013-04-13 4 Teh Shi Ning - It keeps to appreciating S$ path; expects car and housing prices to rise at slower pace By Teh Shi Ning tshining@sph.com.sg Singapore THE central bank now thinks inflation for 2013 will come in lower than it did before. But, as was widely predicted,Source: Department of Statistics - 769 words
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729 2013-04-13 6 Pauline Ng - It is confident of repeating poll success but not of improving upon it By Pauline Ng btworld@sph.com.sg Penang JERRY Chan thinks there’s something kiasu about the way Penang state leaders have held on to their official vehicles. State exco for local729 words
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Article, Illustration811 2013-04-13 6 Joyce Hooi - COMMENTARY Joyce Hooi joyceh@sph.com.sg Correspondent BY the standards of the con-sumer-minded nation that Singapore has become, parting with money remains bafflingly difficult. We’ve managed to invent the thumbdrive, but still have to wait the distressing 10 seconds that it takes for a credit card payment811 words
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Article, Illustration807 2013-04-13 8 Ex-KPMG auditor intends to plead guilty when he is formally arraigned on May 17; KPMG to take legal action against him soon Reuters New York AS INVESTORS Carl Icahn and William Ackman bickered loudly on TV earlier this year about theirReuters; PHOTO: BLOOMBERG - 807 words
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Page 2 Advertisements
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Advertisement85 2013-04-13 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 Dining L2-5 Design L7-9 Travel L8-9 Home Garden L10-11 Gadgets L13 Shopping85 words
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Page 3 Advertisements
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Advertisement15 2013-04-13 3 idi i m asffl w f\ m LONDON ION ORCHARD PARAGON MARINA RAY SANDS RURRERRY.COM15 words
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Page 5 Advertisements
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Advertisement425 2013-04-13 5 FREEHOLD Back by/podulan demand!! Your TOP INVESTMENT CHOICE In Kuala Lumpur CBD J A L AN AMPANG Ultimate Garden City Living Experience 1 2 bedroom suites (Duplex) Spacious built-up from 981 sf 1,018sf Tt W Easy access to 5 multilevel thematic hanging gardens If Limited units with garden view lake425 words
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Page 7 Advertisements
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Advertisement1953 2013-04-13 7 CHINA YONGSHENG LIMITED (Incorporated in the Republic of Singapore) (Company Registration No: *****2032R) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 38 th Annual General Meeting (“AGM”) of the Company will be held at Orchard Hotel, 442 Orchard Road, Singapore *****9 on Tuesday, 30 April 2013 at1,953 words
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Page 8 Advertisements
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Advertisement1189 2013-04-13 8 global invacom completing the picture GLOBAL INVACOM GROUP LIMITED (formerly known as Radiance Group Limited) (Incorporated in Singapore) (Co. Reg. No: *****2428H) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of GLOBAL INVACOM GROUP LIMITED (the "Company”) will be held at 8 Temasek Boulevard,1,189 words
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WEEK IN REVIEW
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THIS WEEK April 8-12, 2013
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43 2013-04-13 9 PARK Hotel Group, which announced a $300 million sale of its Park Hotel Clarke Quay to Ascendas Hospitality Trust, is said to be seeking more than $1 billion for the Grand Park Orchard.43 words
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31 2013-04-13 9 CHINA stepped up efforts to curb a deadly bird flu outbreak centred on Shanghai, disinfecting schools and shutting down trade in birds.31 words
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57 2013-04-13 9 SELETAR Aerospace Park could face some headwinds in the business jet and single aisle aircraft maintenance and fixed-based operations sector. Just weeks after it emerged that Indonesian-based investors are eyeing an MRO (maintenance, repair, overhaul) start-up in Batam, BT has learnt that such developments57 words
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44 2013-04-13 9 PENSIONS will be removed for top public servants, and the gross domestic product bonus they receive will be replaced with a National Bonus linked to a broader set of so-cio-economic indicators, but salaries will be maintained.44 words
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48 2013-04-13 9 THE Bank of Japan’s high-octane monetary easing announced last week continued to power strong reactions in financial markets on Monday as the yen hit a near four-year low against the US dollar while Tokyo stock prices hit a four-and-a-half-year peak.48 words
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35 2013-04-13 9 FORMER prime minister Margaret Thatcher, the controversial “Iron Lady” who shaped a generation of British politics, died following a stroke on Monday at the age of 87.35 words
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50 2013-04-13 9 NORTH Korea has suspended its sole remaining major project with South Korea. Its decision to all but close the Kaesong industrial park coincided with speculation that it will carry out some sort of provocative action another nuclear weapons test or missile launch.50 words
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71 2013-04-13 9 A PRIVATELY-HELD investment vehicle controlled by Wing Tai chairman Cheng Wai Keung and his wife Helen has put its Nassim Road bungalow on a sprawling 84,839 sq ft freehold site on the market. Jones Lang LaSalle said the owners are aiming to71 words
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47 2013-04-13 9 ASIA should continue to enjoy solid economic growth this year and next, but efforts by the world’s most advanced economies to reflate their economies could touch off inflation and asset bubbles in Asia, the Asian Development Bank cautioned.47 words
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Article, Illustration103 2013-04-13 9 MALAYSIANS will choose their next government on May 5. The Election Commission has fixed April 20 as the day of nomination with polling to follow 15 days later. The ruling Barisan Nasional coalition, led by Prime Minister Najib Razak, is being challengedPHOTO: AP - 103 words
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36 2013-04-13 9 US President Barack Obama is sending Congress a US$3.77 trillion spending blueprint that seeks to tame runaway deficits by raising taxes further on the wealthy and trimming popular benefit programmes.36 words
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61 2013-04-13 9 SINGAPORE might have lost its position as a hub for Qantas’s Eu-rope-bound flights, but it will not lose its throne as the airline’s largest hub outside Australia any time soon. “Singapore is a key hub for Asia, (and) Australian traffic is increasing61 words
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57 2013-04-13 9 WITH shipping companies in cost-saving mode, Singapore is extending more goodies to make sure its business environment and port remains “conducive” for maritime companies and vessel calls. Transport Minister Lui Tuck Yew announced on Thursday a change in port dues structure that will save57 words
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Article77 2013-04-13 9 US DATA April 15 Empire State Manufacturing Survey for April April 16 Housing starts for March April 17 Fed’s Beige Book for April April 18 Philadelphia Fed April survey CHINA DATA April 15 March industrial production SINGAPORE DATA April 15 Retail sales for February April 1777 words
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Page 9 Advertisements
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Advertisement11 2013-04-13 9 CATS Recruit The first step on your ladder to success CLA/AUG06/g11 words
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Page 9 Miscellaneous
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Miscellaneous315 2013-04-13 9 Across 1 Shattering? Correct! (10,3) 10 Leaps in, surprising the dog (7) 11 Put out in unusual transport (7) 12 In fine fettle, yet initially unsure (4) 13 A biology class (5) 14 Have some sense, charge pounds (4) 17 Married in a fit of lunacy? That’s slander (7) 18315 words
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THE RAFFLES CONVERSATION
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Article, Illustration2563 2013-04-13 10 / 11 Anna Teo - Economist Peter Diamond, whose seminal work on search models won him a Nobel Prize in 2010, just enjoys thinking about things. By Anna Teo By Anna Teo anna@sph.com.sg WHEN Peter Diamond and two other economists won the 2010 Nobel Prize in Economics for their insightPHOTO: DANIEL SEAH/SUTD - 2,563 words
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COMPANIES
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Article, Illustration508 2013-04-13 12 Kenneth Lim - Lower earnings come as operating revenue dips 5.5%; interim dividend of 7 cents a share By Kenneth Lim kenlim@sph.com.sg Singapore SINGAPORE Press Holdings (SPH) posted a 15 per cent year-on-year fall in net profit to $71.5 million for its fiscal second quarterST FILE PHOTO - 508 words
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229 2013-04-13 12 Amanda Tan - By Amanda Tan aktanht@sph.com.sg Singapore DBS One.Tap, DBS Bank’s virtual credit card, is now available to subscribers of the three mobile network operators in Singapore. The new partnership with M1 and SingTel allows all existing DBS/POSB cardholders and new customers to enjoy the convenience of229 words
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224 2013-04-13 12 Maria Mala Yogalingam - By Maria Mala Yogalingam ymaria@sph.com.sg Singapore FULLERTON Fund Management (Fullerton), a wholly owned subsidiary of Temasek Holdings, in partnership with Professional Investment Advisory Services (PIAS), has launched the Fullerton Dynamic Strategies fund range which aims to simplify investing for Singapore retail investors. The new224 words
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265 2013-04-13 12 Amanda Tan - By Amanda Tan aktanht@sph.com.sg Singapore DBS is now ranked the bank with the best mobile apps strategy in a 2013 worldwide ranking conducted by Swiss research company MyPrivateBanking. The ranking, which was part of a report based on independent research265 words
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Article, Illustration537 2013-04-13 13 Lynn Kan - It also announces four contracts totalling close to US$120 million By Lynn Kan lynnkan@sph.com.sg Singapore EZRA Holdings’ net profit for the three months ended Feb 28, 2013 rose 34 per cent to US$29.7 million from US$22.1 million a yearST FILE PHOTO - 537 words
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Article203 2013-04-13 13 Ma Xiangyu - By Ma Xiangyu xiangyu@sph.com.sg Singapore GDS Global Limited has launched its initial public offering (IPO) of 17.5 million shares for a Catalist listing. The invitation shares comprise 12 million new shares and 5.5 million vendor shares at 25 cents each. One million shares are for203 words
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234 2013-04-13 13 Andrea Soh - By Andrea Soh sandrea@sph.com.sg Singapore ENGINEERING firm Miyoshi Precision saw losses narrow for the fiscal second quarter, with a more than doubling of costs of raw materials and consumables eroding a rise in its revenue. Revenue for the three months ended Feb234 words
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283 2013-04-13 13 Jasmine Ng - Technics in JV to provide services for oil gas industry By Jasmine Ng jasng@sph.com.sg Singapore TECHNICS Oil Gas and two other firms have formed a joint venture (JV) to provide engineering and construction services for the oil and gas industry. The deal was sealed between Technics, Eversendai Corporation Berhad and283 words
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Article, Illustration694 2013-04-13 14 R Sivanithy - STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent OVER the years, markets in this part of the world have occasionally decoupled from their Western counterparts, notably Wall Street. It doesn’t happen often, and quite frequently the Straits Times Index moves ahead of the major US indices694 words
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Article111 2013-04-13 14 Stock name Close Change CapMallsAsia 2.020 +0.025 CapitaLand 3.550 +0.020 CapitaMall 2.240 +0.040 CityDev 11.29 +0.020 ComfortDelGro 1.920 DBS Grp 15.67 +0.020 GLP 2.810 +0.040 Genting SP 1.440 -0.015 Golden Agri 0.565 HK Land 7.520 +0.120 HPH Trust US$ 0.845 -0.005 JMH 64.81 -0.240 JSH 38.40 -0.240 Jardine111 words
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533 2013-04-13 14 Reuters Dublin PORTFOLIO managers in the United States and Asia could pull out of key European funds if Brussels goes ahead with proposals to cap bonuses, a senior industry figure said. The European Parliament already curbed banker bonuses at theReuters - 533 words
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Article179 2013-04-13 14 VOL CLOSE AdvanceSCT 420,469 1.5 0 0 0 0 WE Hldgs 142,793 1 1 0 5 4 3 EcoWise 128,474 8.9 0 2 2 2 CarrierNet 128,016 2.8 0 1 3 7 S i ngHaiyi 123,058 3.2 0 1 3 0 Transcu Grp 1 1 1 ,909179 words
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Article68 2013-04-13 14 BY CENTS CLOSE UP DBXT AUD Bonds 5AU$ ***** 97.9 0.4 DBXT MSTHAI 10US$ 2258 80.5 3.0 DBXT MSJAP 10US$ 4399 37.1 0.7 HK Land 752 14.9 1.6 Lyxor AsiaRE 10US$ 1076 14.9 1.1 Kep Corp.ES.1304 1143 12.0 1.1 DBXT MSCHINA 10US$ 1160 11.1 0.8 DBS Bk 4.7%68 words
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Article56 2013-04-13 14 BY CENTS CLOSEDOWN Jardine C&C 5080 -75.0 -1.5 DBXT FTVietnam 10US$ 2510 -55.7 -1.8 Hyflux 6% CPS 10 ***** -50.0 -0.5 GLD 10US$ ***** -38.4 -0.2 UOB 5.05%NCPS 100 ***** -33.0 -0.3 UOB 2037 -31.0 -1.5 JMH 6481 -29.7 -0.4 JSH 3840 -29.7 -0.6 UOB.ES.1304 2039 -26.0 -1.356 words
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Business briefing
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49 2013-04-13 15 HI-P International said it now expects marginally lower year-on-year revenue but higher profit for the first quarter of the year because of improvements in productivity and changes in its product mix. The contract manufacturer had earlier guided for flat revenue but a loss.49 words
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69 2013-04-13 15 POPULAR Holdings bought out the minority shareholders of Hong Kong-based Active Independent Education for HK$5.8 million (S$0.92 million) in cash on April 5, the bookseller and educational literature company announced. The subsidiary, which had net tangible assets of HK$2.7 million at the time of the69 words
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50 2013-04-13 15 FRASER and Neave’s chief executive of food and beverage, Pascal De Petrini, will leave the group on July 9 to pursue other interests, the property and beverage conglomerate announced yesterday. F&N, which underwent an ownership change in February, is currently searching for a replacement.50 words
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70 2013-04-13 15 LOGISTICS provider GKE Corp has invested $60,000 for a 60 per cent stake in newly created GKE Air Logistics. The remaining 40 per cent is held by Yap Kheng Fong, an unrelated individual who is a veteran in the aviation industry with more than70 words
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112 2013-04-13 15 AP Boston THE flow of cash into mutual funds is at a record high for the first quarter. Stock funds and bond funds attracted a combined US$193 billion in the first three months of 2012, industry consultant Strategic Insight said. That topsAP - 112 words
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Article83 2013-04-13 15 Reuters Singapore JPMorgan’s head of investment banking South-east Asia, Philip Lee, has resigned, a bank spokesman said. Banking sources said Mr Lee may be joining a competitor. Mr Lee, who worked with the US bank for almost 18 years, has been the face of the bank’sReuters - 83 words
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59 2013-04-13 15 LISTED restaurant operator Soup Restaurant Group said the Registrar has dismissed an appeal by duck rice chain YES F&B Group to strike out claims made by Soup to have YES vacate sub-leased space at VivoCity. The Registrar has, however, allowed YES’s appeal against summary59 words
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Page 15 Advertisements
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Advertisement1463 2013-04-13 15 Ill MANHATTAN RESOURCES LIMITED MANHATTAN RESOURCES LIMITED Registration No. *****6289K (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Manhattan Resources Limited Company will be held at MND Auditorium, 9 Maxwel Road, Annexe A, MND Complex, Singapore 06911,463 words
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FROM THE DESK OF
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Article, Illustration1019 2013-04-13 16 Shelina Janmohamed - Brands leading Muslim consumer trends are those that embrace values, such as humility, transparency, purity and togetherness FROM THE DESK OF Shelina Janmohamed Vice-President, Ogilvy Noor ~The writer, the author of ‘Love in a Headscarf’, is one of the IPA's ‘Women of Tomorrow’ and regarded1,019 words
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SINGAPORE
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Article474 2013-04-13 17 Chuang Peck Ming - Ministry warns government departments against flouting rules and reminds officers of accountability By Chuang Peck Ming peckming@sph.com.sg THE Ministry of Finance (MOF) has sent “a strong message” to all public-sector agencies in the wake of repeated slip-ups in government procurement and project management, warning them474 words
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410 2013-04-13 17 Ng Zhuo Yang - By Ng Zhuo Yang ngzy@sph.com.sg THE cut in the services sector’s dependency ratio ceiling (DRC) from 45 per cent to 40 per cent in Budget 2013 might have led some companies to lament the manpower challenges they face amid Singapore’s labour crunch.410 words
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529 2013-04-13 17 Lee Meixian - By Lee Meixian leemx@sph.com.sg THE Monetary Authority of Singapore (MAS) has rapped the Singapore branch of Credit Suisse AG for allowing an employee, who was not an appointed representative, to advise on investment products and deal in securities in April 2011. MAS said529 words
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474 2013-04-13 18 Maria Mala Yogalingam - Companies should attract and retain talent to create value, say panellists at E50 Awards launch By Maria Mala Yogalingam ymaria@sph.com.sg COMPANIES need effective talent attraction and retention to stay ahead of the competition at a time of rising business costs according to a panel474 words
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537 2013-04-13 18 Grace Ng - By Grace Ng ngrace@sph.com.sg JAPAN-BASED game studio Namco Bandai Studios Inc (NBSI) will be setting up overseas subsidiaries in Singapore and Vancouver in June. Namco Bandai Studios Singapore Pte Ltd is “positioned as the leading development centre for Namco Bandai Studios in537 words
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Page 17 Advertisements
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Advertisement208 2013-04-13 17 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF (1) FINSBURY PRIVATE LIMITED (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****3251N) (2) GARDEN PROPERTIES PTE LTD (IN MEMBERS’ VOLUNTARY LIQUIDATION) (REGISTRATION NO. *****2690H) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN, in pursuant to Section 308208 words
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Page 18 Advertisements
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Advertisement214 2013-04-13 18 THE BUSINESS TIMES SATURDAY SPECIAL Have a drink on us! Enjoy a complimentary bottle of Kitagawa Tomioh Gin No Tsukasa Junmai Dai Ginjyo Sake from Kyoto worth $78 Tatsu Sushi 30 Victoria Street #01-15/15A/16 Block F, The Gallery, CHIJMES Singapore *****6, Tel: 6332 5868 Website: www.TatsuSushi.com.sg Terms Conditions Promotion valid214 words
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WORLD
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514 2013-04-13 19 City risks losing its appeal as an IPO destination for such foreign players Bloomberg London OVER the past decade, London has become a second home for billionaire resources oligarchs attracted by its stability and flexible tax laws. Their companies soon followed as commoditiesBloomberg - 514 words
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Article, Illustration479 2013-04-13 20 He admits to giving incorrect and ‘groundless’ investment information sourced from Internet at recent briefing Bloomberg Beijing A CHINESE government spokesman said he gave incorrect and “groundless” investment data sourced from the Internet at a briefing this week, underscoring concern that official numbers mayBloomberg; PHOTO: REUTERS - 479 words
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419 2013-04-13 20 LATEST US DATA Reuters Washington US RETAIL sales contracted in March for the second time in three months, a sign the American economy may have stumbled at the end of the first quarter. Retail sales fell 0.4 per cent duringReuters - 419 words
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Briefing
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77 2013-04-13 20 Reuters Tokyo JAPAN and the United States have agreed on a deal to allow Tokyo to join talks on a US-led Asia-Pacific free trade pact that Prime Minister Shinzo Abe is making a keystone of his strategy to open Japan’s economy andReuters - 77 words
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77 2013-04-13 20 AFP Dublin EUROZONE finance ministers formally approved yesterday the terms of a Cyprus debt bailout, after some confusion over whether it needed revision, saying it could now go ahead once cleared by national parliaments. Dutch Finance Minister Jeroen Dijsselbloem, head of the 17-nation Eurogroup,AFP - 77 words
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77 2013-04-13 20 AP New York FACEBOOK CEO Mark Zuckerberg and other Silicon Valley leaders have launched a political group aimed at changing immigration policy, boosting education and encouraging investment in scientific research. Mr Zuckerberg announced the formation of Fwd.us (pronounced “forward us”) in an op-ed articleAP - 77 words
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76 2013-04-13 20 AFP New Delhi INDIA’S industrial production rose just 0.6 per cent in February from a year earlier, data showed yesterday, adding to a string of weak economic figures and fuelling hopes of further interest rate cuts. While the increase in output at factories, minesAFP - 76 words
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72 2013-04-13 20 Reuters New York JP MORGAN Chase Co posted higher first-quarter profit yesterday as it spent less money on litigation, but most of its major businesses turned in tepid performances, and the bank’s overall revenue declined. The results reflected the pressure the largest US bankReuters - 72 words
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Article, Illustration413 2013-04-13 22 It’s expected to sell stakes in healthcare, banking and IT units in Q2 Reuters Jakarta LIPPO Group, a leading Indonesian conglomerate, aims to raise at least US$300 million in the second quarter from IPOs of its healthcare, banking and information technology units, fourReuters; PHOTO: REUTERS - 413 words
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326 2013-04-13 22 Reuters Washington THE United States has imposed financial penalties on an Iranian businessman, a Malaysian bank and a network of companies it accused of attempting to evade international sanctions on Iran’s nuclear programme through money laundering. The Treasury Department blacklisted Babak ZanjaniReuters - 326 words
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Page 19 Advertisements
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Advertisement1323 2013-04-13 19 FIRST REAL ESTATE INVESTMENT TRUST (Constituted in the Republic of Singapore pursuant to a trust deed dated 19 October 2006 (as amended)) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an EXTRAORDINARY GENERAL MEETING of First Real Estate Investment Trust (“First REIT”) will be held at Capricorn Room,1,323 words
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Page 21 Advertisements
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Advertisement2062 2013-04-13 21 CDW HOLDING LIMITED (Incorporated in Bermuda on 2 April 2004) (Bermuda Company Registration Number: *****) NOTICE OF SPECIAL GENERAL MEETING NOTICE IS HEREBY GIVEN that a Special General Meeting of CDW Holding Limited (the “Company”) will be held at Sandalwood Room, Swissotel Merchant Court Singapore, 20 Merchant Road, Singapore *****12,062 words
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Page 22 Advertisements
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Advertisement101 2013-04-13 22 AFFORDABILITY CALCULATOR Helps you determine how much loan you can get based on your budget for monthly payments. www.stproperty.sg/property-tool Key in your budget for monthly property payments Choose your loan tenure and interest rate o o o o i o o o o o o o o o o Q101 words
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Article8121 2013-04-13 23 Transaction date: Apr 12 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 13.6cd unch 200 13.6 13.5 13.3 13.6 10.6 0.8 11.2 65.1 5.8 3 A-Sonic 4 3.8 4.5 3.3 28.68,121 words
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Article1839 2013-04-13 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 $mil 21.5 15 t 800 Super 19.1 unch 25 19.1 19.1 19.2 21 3.3 5.2 5.7 34.2 6.2 2.8 t AA Grp 5.8 -0.3 14 5.81,839 words
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Article186 2013-04-13 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 10 4 0 0 0 3 10 4 Manufacturing 35 59 55 6 9 10 41 68 65 Commerce 17 27 17 3 9 5 20 36 22 Tpt/Stor/Comms 15 16 9186 words
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Article828 2013-04-13 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Apr 8 Trans Snb4irmii.il Shareholder/ Buy Sell No of Shares, Price Per Before 5HAREWOLD ING After Stock oaui Director Conv POO Shr C'OOO) (000) OrlB|rhg?r I ir%: li-ApM3 01* Jnn|rwj*g •sen 2185 B.13 7I7T5 20.30 •***** 19.6& Meittcii inti M'Api828 words
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Article123 2013-04-13 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 49,243 49,243 86,619 86,619 Manufacturing 334,419 290,583 625,002 145,132 11,536 156,668 Commerce 198,359 197,583 395,942 85,864 18,508 104,372 Tpt/Stor/Comms 85,390 14,501 99,891 130,603 5,598 136,202 Finance 87,872 35 87,907 125,155 17 125,172 Construction 116,767 20,795123 words
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MARKETS
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Article93 2013-04-13 27 Apr 11 COCOA (£/tonne) Close Prev High Low May 13 1488 1481 1493 1481 Jul 13 1488 1483 1493 1483 Sep 13 1499 1494 1503 1495 Dec 13 1505 1499 1510 1500 COFFEE(US$/tonne) Close Prev High Low May 13 2006 1987 2015 1980 Jul 13 2048 2032 2059 202393 words
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Article69 2013-04-13 27 Apr 12 GOLD(US$/oz) Apr 12 Apr 11 Hong Kong 1567.50 1567.80 Apr 11 Apr 10 London 1565.46 1568.40 1566.23 1569.15 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 34.44 33.80 Source: UOB PLATINUM Lon (US$/oz) Apr 11 Close Previous PM Fix 1531.50 1533.00 AM Fix 1525.00 1540.00 Source:69 words
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Article53 2013-04-13 27 Apr 12 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Apr 13 2305.0 601 May 13 2348.0 2327.0 2348.0 2318.0 2032 8129 Jun 13 2367.0 2345.0 2367.0 2336.0 ***** ***** Jul 13 2369.0 2357.0 2374.0 2349.0 5399 *****53 words
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Article88 2013-04-13 27 Apr 12 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****H 11-Jul-13 0.24 6-Month BS*****X 04-Oct-13 0.25 1-Year BY*****X 01-Nov-13 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-13 100.16 5-Year N*****0T 2.375 01-Apr-17 100.0888 words
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Article155 2013-04-13 27 Apr 12 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.3047 1.3055 1.0539 1.0544 Canadian dollar 1.2238 1.2240 0.9886 0.9885 Euro 1.6172 1.6176 1.3063 1.3065 NZ dollar 1.0655 1.0663 0.8607 0.8612 Sterling pound 1.9032 1.9037 1.5373 1.5376155 words
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Article118 2013-04-13 27 Apr 12 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.336 1.273 Can dollar 1.254 1.195 Euro 1.662 1.583 Sterling pound 1.943 1.869 NZ dollar 1.104 1.042 US dollar 1.264 1.204 Local dollars to 100 units of foreign currency: Currencies Sell118 words
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Article104 2013-04-13 27 Apr 11 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low May 13 1402.00 1392.75 1406.25 1382.50 Jul 13 1368.25 1367.50 1375.75 1355.25 Aug 13 1331.00 1336.00 1341.25 1325.25 Sep 13 1267.25 1276.50 1278.25 1264.75 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low May 13 49.77 50.03 50.15104 words
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STOCK MARKETS
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Article, Illustration21 2013-04-13 27 YTD change: +4.01% 52-week high: 3,331.26 on April 3,2013 52-week low: 2,698.90 on June 4, 2012 Source: BloombergSource: Bloomberg - 21 words
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Article, Illustration21 2013-04-13 27 YTD change: -2.51% 52-week high: 23,944.74 on Feb 4, 2013 52-week low: 18,056.40 on June 4,2012 Source: BloombergSource: Bloomberg - 21 words
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Article, Illustration26 2013-04-13 27 YTD change: +13.44% 52-week high: 14,887.51 on April 11,2013 52-week low: 12,035.09 on June 4,2012 (Chart shows Thursday’s index closing) Source: BloombergSource: Bloomberg - 26 words
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Article, Illustration21 2013-04-13 27 YTD change: -2.75% 52-week high: 2,453.73 on May 4,2012 52-week low: 1,949.46 on Dec 4,2012 Source: BloombergSource: Bloomberg - 21 words
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Article, Illustration21 2013-04-13 27 YTD change: +29.72% 52-week high: 13,568.25 on April 12,2013 52-week low: 8,238.96 on June 4, 201 2 Source: BloombergSource: Bloomberg - 21 words
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Article71 2013-04-13 27 Apr 11 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1864.50 1875.00 3 months 1898.00 1910.00 Copper, Grade A (US$/tonne) Cash 7579.00 7545.00 3 months 7610.00 7575.00 Lead (US$/tonne) Cash 2059.00 2065.00 3 months 2084.00 2090.00 Nickel (US$/tonne) Close Previous Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne)71 words
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Article69 2013-04-13 27 Apr 11 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F)104.9 8 -0.82 WTI (Near Mth) 93.22 -1.25 Dubai (1-Mth F) 102.62 -0.38 Tapis blend 110.72 -0.54 Minas 104.82 -0.54 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 94.67 -2.33 Jet Kerosene 118.74 -0.65 US$/barrel OpecOil Basket Price 102.469 words
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373 2013-04-13 27 In local curr In S$ In US$ dy yr dy yr dy yr Apr 11 Index Change Change Change Change Change Change World Preliminary 1044.3 0.6 11.3 0.7 10.6 0.7 9.3 EAFE Preliminary 867.6 1.0 12.0 1.2 8.8 1.2 7.5 Europe Preliminary 1226.9 0.5 6.9373 words
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PERSPECTIVE
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Article, Illustration993 2013-04-13 28 / 29 Hans-Olaf Henkel - Europe’s leaders must pursue controlled segmentation in which the most competitive countries Austria, Finland, Germany, and the Netherlands adopt a new currency, the ‘northern euro’. By Hans-Olaf Henkel By Hans-Olaf Henkel THE European Union’s (EU) policy of saving the euro at all costs is enoughPHOTO: AFP - 993 words
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Article, Illustration894 2013-04-13 28 / 29 Leon Hadar - Leon Hadar Washington correspondent IF you want to understand why it has become so difficult for America’s politicians to come up with a plan to put their fiscal house in order, consider the following piece of political reality: older American voters are more894 words
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Wealth
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WEALTH INVESTING
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Article, Illustration1092 2013-04-13 30 / 31 Genevieve Cua - Two main factors driving interest in such policies. By Genevieve Cua gen@sph.com. sg A FLEDGLING market in Singapore second-hand endowment policies is emerging, much to the chagrin of insurance companies. Two main factors drive the market: Original policyholders who are keen to give up1,092 words
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521 2013-04-13 30 / 31 Genevieve Cua - By Genevieve Cua THE experience of two investors in Singapore resale endowment policies has been positive so far, and both say they may invest in more. The policies will eventually form part of their retirement assets. Koong Chee Weng, 33, agreed to speak to BT521 words
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Article677 2013-04-13 30 / 31 Lynn Kan - Compiled by Lynn Kan Thai Beverage Outperform CIMB Research April 12 April 12 close: $0.61 WE are not concerned that Standard Poor’s has downgraded Thai Bev’s debt from BBB to BBB- on the grounds of increased debt and lower cash flow as the underlying business is sound with677 words
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Article, Illustration1050 2013-04-13 32 Edmund Leow; Dawn Quek - Trouble is, many Asian families fail to properly address issues of succession until it is too late WEALTH INSIGHTS Edmund Leow Dawn Quek ~The writers are managing principal and head of tax and wealth management, and senior associate at Baker McKenzie.Wong Leow. THEREPHOTOS: BLOOMBERG - 1,050 words
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Article, Illustration1437 2013-04-13 33 Teh Hooi Ling - Mood dictates behaviours in markets and that in turn is decided by biochemical messengers in the body SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent ~The writer is a CFA charterholder I NOTICED lately that whenever I watch a movie, there is alwaysREUTERS - 1,437 words
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WEALTH REAL ESTATE
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Article939 2013-04-13 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN MARCH 13 AND MARCH 19, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED V On Shenton Apt 18/03/2013 99 743 1789 2409 District 2 NON-LANDED Altez Apt939 words
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Article, Illustration800 2013-04-13 35 Kalpana Rashiwala - An 883 sq ft unit on 17th floor changes hands at $3,500 psf. Seller Arch Capital also seeking single buyer for the whole of 14th floor By Kalpana Rashiwala kalpana@sph.com.sg Singapore THE buzz continues for strata commercial units. At Samsung Hub, a 999-year800 words
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Article, Illustration372 2013-04-13 35 Nathaniel Chew - By Nathaniel Chew natchew@sph.com.sg Singapore ALLGREEN Properties subsidiary Green Bay is launching RiverBay, a 999-year leasehold private apartment project along Kallang River. The 41,300 sq ft site is located at 23 Mar Thoma Road, and comprises a single 26-storey apartment building with 147372 words
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Page 36 Advertisements
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Advertisement147 2013-04-13 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. > -i-' IN 1986, AUDEMARS PIQUET BECAME THE FIRST WATCHMAKER TO FEATURE A TOURBILLON IN AN AUTOMATIC WRIST WATCH. TODAY THE TRADITION TOURBILLON REPETITION MINUTE IS OUR LATEST EXPRESSION OF THIS PIONEERING SPIRIT. THE TOURBILLON COUNTERACTS THE EFFECT OF GRAVITY ON147 words
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Advertisement58 2013-04-13 1 LivingBTTHE BUSINESS TIMES WEEKEND APRIL 13-14 2013 STYLE Handmade heritage L6 A STARLIT FRAGRANT HARBOUR Celebrity chef-backed restaurants in HK L2-3 PERSONAL SPACE Stepping back in time L10-11 DECONSTRUCTED OYSTER SHOOTER AT 22 SHIPS PHOTO BY DEBBIE YONG GADGETS Sweetening your Apple L13 SPORTS Man City for double? L16 TRAVEL58 words
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BT Living
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DINING
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Article, Illustration2222 2013-04-13 2 / 3 Debbie Yong - As the playground of top Western chefs and currently on the crest of a Spanish dining wave, Hong Kong may well have the edge over Singapore as the hottest spot for celebrity dining in Asia. Or does it? Debbie Yong checks out 3 of the city’sPHOTOS: DEBBIE YONG, 22 SHIPS; PHOTOS: DEBBIE YONG, VIEW 62; PHOTOS: DEBBIE YONG, RONIN - 2,222 words
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Article, Illustration1304 2013-04-13 4 Debbie Yong - Sprouting an external wing isn’t easy for someone commited to his garden, but France-based Argentinian chef Mauro Colagreco, of two-Michelin-starred Mirazur, tells Debbie Yong of his vision for growth guest chef Debbie Yong debyong@sph.com.sg SOME chefs wax lyrical about their love of local produce grown in their ownFILE PHOTO - 1,304 words
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Article, Illustration1035 2013-04-13 5 Jaime Ee - Jaime Ee gets to savour the hot in more ways than one gourmet event on opening night Jaime Ee jaime@sph.com.sg BACK for its sophomore appearance, Savour the food festival is as hot as ever in more ways than one. In any other country with more1,035 words
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STYLE
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Article, Illustration601 2013-04-13 6 Jaime Ee - Mulberry goes back to its English country roots in its Fall/Winter collection. Jaime Ee checks it out in Tokyo Jaime Ee jaime@sph.com.sg EARTHY autumn hues played out against a backdrop of late season cherry blossoms as British label Mulberry showcased its Fall/Winter collection at the British Embassy inPHOTOS: MULBERRY - 601 words
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Article, Illustration680 2013-04-13 7 Suzy Menkes - Margaret Thatcher’s trenchant sartorial outings articulated exactly where feminism stood i n the 1 980s. By Suzy Menkes NYT THE lips of Marilyn Monroe and the eyes of Caligula was a neat summing up of the “power woman” presented by Prime Minister Margaret Thatcher. The mixNYT; PHOTOS: AFP, REUTERS, AP - 680 words
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TRAVEL
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Article, Illustration1105 2013-04-13 8 / 9 Dylan Tan - About the only thing that’s radiating from the Japanese prefecture is the warmth of its people. By Dylan Tan dylantan@sph.com.sg IT’S not too late to escape this sweltering heat and plan a skiing holiday to Japan with Nekoma Ski Resort in the Bandai region of Fukushima still1,105 words
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HOME & GARDEN
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Article, Illustration1114 2013-04-13 10 / 11 Tay Suan Chiang - Film director Chai Yee Wei and wife Diane Chan share a love for vintage finds, which include their home along Zion Road. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg STEPPING into this apartment along Zion Road feels like going back in time.PHOTOS: YEN MENG JIIN - 1,114 words
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DESIGN
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Article, Illustration1062 2013-04-13 12 Tay Suan Chiang - Interior and furniture designer Thomas Pheasant has not swayed from his design identity in 30 years. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg FAMED American interior designer Thomas Pheasant has three criteria for his clients before he will agree to take on a job.1,062 words
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GADGETS
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Article, Illustration534 2013-04-13 13 Christopher Lim - Some of the best accessories for your Mac or iOS gadget aren’t made by the Cupertino-based company, writes Christopher Lim writes Christopher Lim limchris@sph.com.sg Logitech Bluetooth Easy-Switch Keyboard $169 A wireless Bluetooth keyboard is useful for anyone with a touchscreen phone or tablet who needs to type534 words
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HEALTH
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Article, Illustration1089 2013-04-13 14 Some studies point to failure to preventing fractures; others to increased risk of heart attacks NYT [NEW YORK] AMERICANS seem to think that every health problem can be solved with a pill. And certainly many are, especially infectious diseases that succumb to antibiotics, antifungals and, increasingly, antivirals.NYT; PHOTO: AP - 1,089 words
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Article, Illustration1623 2013-04-13 15 Chong Yeh Woei - Truth is that a check-up is useful for detecting chronic diseases and certain cancers. By Chong Yeh Woei ~Dr Chong is a physician at the Singapore Medical Specialists Centre I OFTEN see patients for health screening and they often ask me what is the healthFILE PHOTO - 1,623 words
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SPORTS
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Article, Illustration919 2013-04-13 16 Lee U-Wen - no holds barred| Lee U-Wen leeuwen@sph.com.sg Correspondent MAYBE. Just maybe, Manchester City can start dreaming of finishing top of the Barclays Premier League (BPL) again. Sure, it remains a very long shot with 12 big points to make up and just seven gamesPHOTOS: ACTION IMAGES, REUTERS, AP - 919 words
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GOLF
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Article, Illustration1230 2013-04-13 17 Justine Moss - The youngest entrant in US Masters history does not want to win just one major, but ‘all four in one year’. By Justine Moss By Justine Moss btnews@sph.com.sg AS the youngest entrant in US Masters history, Guan Tianlang was no doubt feelingPHOTOS: AFP - 1,230 words
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MOTORING
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Article, Illustration653 2013-04-13 18 Samuel Ee - The upgraded Mercedes-Benz E-Class is now safer and sportier. By Samuel Ee By Samuel Ee samuelee@sph.com.sg THEMercedes-BenzE-Class has undergone suc h an e x t ens i v e makeover that it could have easily been mistaken for a brand new car. Its exterior has been completely redesigned653 words
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Article, Illustration847 2013-04-13 19 Samuel Ee - Property developer Leny Suparman likes cars so much that she built a luxury apartment block with a car lift. By Samuel Ee To allow people to admire their cars, Ms Suparman and the architect of Hamilton Scotts came up with the idea of the skyPHOTOS: ARTHUR LEE, KOP PROPERTIES - 847 words
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Article, Illustration682 2013-04-13 20 Samuel Ee - Team orders take the spotlight at this weekend’s Chinese Grand Prix. f1 watch By Samuel Ee samuelee@sph.com. sg EVERYONE knows that 21 is not an ordinary number. After all, it is special for, among other things, signifying coming of age. It is also the winning hand in blackjackPHOTOS: AFP - 682 words
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Page 7 Advertisements
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Advertisement262 2013-04-13 7 /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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Advertisement989 2013-04-13 8 / 9 wine&dine with BTWeekend Peach Blossoms Marina Mandarin Singapore 6 Raffles Boulevard Level 5 S(*****4) Cantonese Indulgence for the Admirable Assistant From 22 to 26 April 2013 Show your appreciation to your able assistants this Administrative Professionals’ Week by treating them to authentic Cantonese set menus at Peach Blossoms. Choose between989 words
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Page 14 Advertisements
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Advertisement35 2013-04-13 14 HOME NEE Got a sinking feeling about problematic leak? Call in the experts. To find out more, turn to CLASS 118 in CATS Classified in The Straits Times now. WAT3 BUY IT-SELL IT* FIND IT35 words
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