The Business Times, 8 June 2013
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2013-06-08
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The Business Times
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Title Section18 2013-06-08 1 weekend THE BUSINESS TIMES www.businesstimes.com.sg JUNE 8-9, 2013 S$1.00 MICA (P) 075/08/2012 sph A SINGAPORE PRESS HOLDINGS PUBLICATION18 words
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Article34 2013-06-08 1 WHITHER ABENOMICS FINANCIAL markets yesterday delivered two body blows to “Abenomics”, with the yen surging 7 per cent against the US dollar and the Nikkei stock average plunging. 234 words
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Article33 2013-06-08 1 ARF IMPACT ABOUT half-a-dozen Rolls-Royce Wraith coupés may have been ordered last weekend, but this may not be an indication that buyers are returning to the market. 433 words
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Article27 2013-06-08 1 RECEIVERSHIP STX Pan Ocean filed for court receivership in Seoul yesterday, caving under the weight of heavy debts and losses. 1227 words
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Article27 2013-06-08 1 FLASH ESTIMATES RESALE prices of non-landed private homes eased slightly in May amid weak transaction volumes, flash estimates from SRX show.| 1727 words
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Article717 2013-06-08 1 US economy added 175,000 jobs in May; unemployment rate inches up to 7.6% as more workers re-enter labour force Reuters Bloomberg Washington Employers in the united States stepped up hiring in May in a sign that the economy is growing modestly but not enoughReuters; Bloomberg - 717 words
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Article, Illustration1909 2013-06-08 1 Vikram Khanna - The ‘one per cent problem’ fact, not hype By Vikram Khanna vikram@sph.com.sg Singapore THE catchy slogan “We are the 99 per cent” adopted by the Occupy Wall Street movement that sprouted after the global financial crisis to protest against economic unfairness was not an empty one. Nor indeed was itPHOTO: AP; Source: The World Top Income database - 1,909 words
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Page 1 Advertisements
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Advertisement17 2013-06-08 1 the business www. usinesstimes.com. THE RAFFLES CONVERSATION ERICSSON CEO HANS VESTBERG 10-11 LIVING Mad about menswear L2-317 words
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Advertisement15 2013-06-08 1 SHOW ME THE MONEY Beware get-rich-quick investment schemes 33 MOTORING The Audi RS4 Avant L1915 words
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TOP STORIES
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MARKETS
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Article58 2013-06-08 2 HSTI 3,184.72 (-8.79) HSTI FUTURES 3,185.00 (-9.00) HSIMSCI 358.38 (-0.88) HSIMSCI FUTURES 357.10 (-1.00) Friday Change KL COMP 1,775.59 +5.99 NIKKEI 225 12,877.53 -26.49 HANG SENG 21,575.26 -263.17 SET 1,516.24 +26.03 JAKARTA 4,865.32 -135.90 MANILA 6,701.95 +92.94 KOSPI 1,923.85 -35.34 SHENZHEN B 859.92 -2.76 MUMBAI IND 19,429.23 -90.26 12noon58 words
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Article29 2013-06-08 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.052 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 2013-06-08 2 US$ (S$ per US$) 1.245 (US$/S$ per 1.559 1.940 EURO(US$/S$/€ 1.325 1.648 Foreign currency per US$ S$ YEN 96.60 77.60 RM 3.093 2.485 HK$ 7.762 6.237 BAHT 30.65 24.62 RUPIAH 9,798 7,872 RENMINBI 6.135 4.929 INDIAN RUPEE 56.98 45.79 A$ 1.052 0.845 NZ$ 1.253 1.007 us$ s$48 words
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Article, Illustration719 2013-06-08 2 Anthony Rowley - Yen surges, Nikkei plunges in confusion about Fed’s intentions By Anthony Rowley btworld@sph.com.sg Tokyo FINANCIAL markets yesterday delivered two further body blows to “Abenomics”, with the yen surging a dramatic 7 per cent against the US dollar and the Nikkei stock averagePHOTO: BLOOMBERG - 719 words
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608 2013-06-08 4 Samuel Ee - But most super-luxury car buyers said to be waiting on the sidelines after ARF hike By Samuel Ee samuelee@sph.com.sg Singapore ABOUT half-a-dozen RollsRoyce Wraith coupés may have been ordered last weekend, but this may not be an indication that ultra-luxury car buyers are returning608 words
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Article, Illustration923 2013-06-08 4 Joyce Hooi - SATURDAY SOAPBOX Joyce Hooi joyceh@sph.com.sg Correspondent THERE is a saying that will resonate in this city, where a frustrated middle class lives Chery-to-Jaguar with the rich: “What keeps the people from burning down the country club is the hope of joining it.” here is a923 words
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724 2013-06-08 8 Grace Leong - But DPP seeks heavier sentence than Tey’s for ‘far more egregious’ offence By Grace Leong gleong@sph.com.sg Singapore FORMER Singapore Civil Defence Force (SCDF) chief Peter Lim, found guilty last week on one count of corruption, consented yesterday to the prosecution’s offer to have724 words
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Article262 2013-06-08 8 I AM Mrs Peter Lim and I have been married to Peter for the past 24 years. It saddens me that my husband has been convicted of the charge. Peter has been a responsible and caring husband to me and a loving and doting father to262 words
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388 2013-06-08 8 Pauline Ng - By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA’S exports fell 3.3 per cent in April year-on-year as tepid economic activity in its major markets, especially China, Japan and the European Union (EU), dampened demand for the country’s electrical and electronic products and commodities. The weaker388 words
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Page 2 Advertisements
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Advertisement135 2013-06-08 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 Style L2-5 Dining L6-7 Design L8-9 Home Garden L10-11 Watches L12 Travel135 words
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Page 3 Advertisements
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Advertisement100 2013-06-08 3 HYURDHI HEW THinKinc. HEW POSSIBILITIES. Peci *^°rro* I nil "(i-W/ OUT TO J<JCI< UP sm I fl SmAfEk lugSs ir?= 168,888 A SMART PARKIDG SYSTEM CORRERinG LIGHT SELF LEVELIZER REVERSE CAMERA SEVER AIRBAGS HID XEDOn HEADLAMP WITH AUTO LEVElfTlG DEVICE g| AUTO RAID SEDSOR DRIVER’S 2-MEMORY ELECTRIC SEAT PADORAMIC SUDROOF100 words
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Page 4 Advertisements
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Advertisement24 2013-06-08 4 'Mil' HIM IIIjPTi III* muuj i.J JERRY LUM Snr Marketing Director, MBA, CES cea Licence no: R *****6 d HP: 8288 0098 View: jerrylum.myweb.sg24 words
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Page 5 Advertisements
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Advertisement257 2013-06-08 5 Sunday, 25 August 2013, 6.30am Punggol Waterway In conjunction with The Straits Times’ 168thAnniversary SIGN UP NOW AND ENJOY MORE THAN $168 WORTH OF GIFTS! COOL GOODIE BAG Each runner gets a goodie bag worth more than $168, which includes: A One-Day Pass to Resorts World™ Sentosa (RWS) S.E.A. Aquarium™257 words
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Page 7 Advertisements
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Advertisement213 2013-06-08 7 watches o Of Switzerland 36' Momentous Years Watches of Switzerland celebrates 36 years of handcrafted legacy. With deepest gratitude for your valued support, we present the perfect moment to own that luxurious time piece. CITIBANK Q% INTEREST EQUAL PAYMENT PLAN Choose to purchase your exquisite timepieces over 36 months, at213 words
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Page 8 Advertisements
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Advertisement88 2013-06-08 8 FEMALE JUNE ISSUE OUT NOW tmgap SCIENCE FARE Radical aesthetic gizmos doctors endorse THE HOW FASHION’S IT MUMS-TO-BE ROCK THEIR LOOKS BEST OF PRE TAlfTTRIM .TMIGMSflflE r 9 M 'da* m. m l-:S h lr«i ft--A Nuxe BB cream worth $29.90* is yours with every copy of Female June *Valid88 words
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WEEK IN REVIEW
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THIS WEEK June 3-7, 2013
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64 2013-06-08 9 PROPERTY consultants polled by BT gave a mixed bag of views on what could be in store for the Government Land Sales Programme for the second half. Some expect the government to maintain the overall quantum of land supply similar to the64 words
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39 2013-06-08 9 BANKS are getting the government’s call for a stronger Singapore core in the workforce loud and clear. They want at least three-quarters of staff to be citizens and permanent residents.39 words
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46 2013-06-08 9 AFTER a year when returns on investment took a dip amid eurozone concerns and slower growth in key economies such as India and China, the outlook for deal-making is more optimistic this year, American Appraisal says in a report.46 words
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48 2013-06-08 9 OVER-THE-TOP apps such as WhatsApp, Skype and Viber have forced roaming revenue and SMS volumes into retreat yet again for the first quarter of the year, but there is little incentive for telcos to build or buy their own apps.48 words
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47 2013-06-08 9 SINGAPORE’S industrial activity grew at a faster pace in May, ac- cording to its latest purchasing managers’ index (PMI). However, regional PMIs released last Monday put a damper on this latest addition to Singapore’s recent string of positive economic data.47 words
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40 2013-06-08 9 THE rate of European manufacturing contraction has slowed down. Markit’s May survey shows the eurozone manufacturing Purchasing Managers’ Index rose to 48.3 from April’s 46.7, still below the 50 level that divides growth from contraction.40 words
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50 2013-06-08 9 THE Monetary Authority of Singapore is working on giving another push to the fledgling Islamic finance business here. It is looking at shortening the approval process and providing greater clarity and certainty in the regulatory and tax treatment for Islamic finance products.50 words
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44 2013-06-08 9 YAACOB Ibrahim, Minister for Communications and Information, assured the public that the government will continue to be “judicious” in its regulation of the Internet, even with the introduction of a new licensing framework for online news sites.44 words
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50 2013-06-08 9 THE new yuan-clearing facility in Singapore is expected to further cement Singapore’s position as an iron ore trading hub. Already, about one quarter of all iron ore imports into China is booked through the Republic, according to estimates by ABN Amro Bank.50 words
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52 2013-06-08 9 THE shipping industry is sailing into a storm of mounting costs as new environmental regulations kick in. The impending regulations could wrench over half a trillion dollars from the industry between 2015 and 2025, said the chairman of the International Chamber52 words
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51 2013-06-08 9 OFFICIAL numbers on China’s trade performance simply do not add up. China’s trade data shows that, in April this year, its exports to Hong Kong touched US$39,477 million. But, according to Hong Kong’s data, its imports from China stood at just US$20,62751 words
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44 2013-06-08 9 A PERFECT storm of fundamental and technical pressures is likely to keep the Australian dollar down under, but most Singapore-listed companies with exposure to the currency are likely to suffer only limited impact, analysts said.44 words
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Article, Illustration78 2013-06-08 9 JAPANESE Prime Minister Shinzo Abe’s economic strategy appeared to show signs of unravelling as the Nikkei 225 stock average fell to a two-month low on Thursday to approach “bear market” territory, a development that could erode investor confidence in Abenomics. MRPHOTO: AFP - 78 words
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Article91 2013-06-08 9 US DATA June 12 Treasury budget for May June 13 May retail sales April business inventories June 14 May Producer Price Index May industrial production SINGAPORE DATA June 14 April retail sales and food and beverage services indices EVENTS June 10 Bank of Japan monetary policy91 words
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Page 9 Miscellaneous
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Miscellaneous311 2013-06-08 9 Across 1 Wave to ship from high fairground attraction (13) 10 Compensate for being out of line? (7) 11 Rent-a-party? It’s a wind-up (7) 12 In extremities they can be accommodating (4) 13 Shakespeare’s theatre in the round? (5) 14 Is featured in current record (4) 17 Complaint I will311 words
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Miscellaneous7 2013-06-08 9 SATURDAY with Ludwig ‘I told you so7 words
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THE RAFFLES CONVERSATION
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Article, Illustration2700 2013-06-08 10 / 11 Amit Roy Choudhury - Ericsson CEO Hans Vestberg feels that the communications industry is undergoing the most profound of changes and reveals how his company plans to remain on top of the heap. By Amit Roy Choudhury By Amit Roy Choudhury amit@sph.com. sg ERICSSON’S CEO, Hans Vestberg, is a good communicator whoPHOTO: JOSEPH NAIR - 2,700 words
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COMPANIES
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Article, Illustration678 2013-06-08 12 Lynn Kan - It will not file for protection in S’pore; stock to remain suspended By Lynn Kan lynnkan@sph.com.sg Singapore STX Pan Ocean filed for court receivership in the Seoul Central District Court yesterday, caving under the weight of heavy debts and losses caused byPHOTO: BLOOMBERG - 678 words
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326 2013-06-08 12 Kenneth Lim - By Kenneth Lim kenlim@sph.com.sg Singapore SINGAPORE Exchange (SGX) cancelled about $1.6 million of trades in Healthway Medical Corp yesterday following confusion about whether the stock had gone ex-entitle-ment. The affected trades took place between 8:58:36 am and 9:01:22 am. Intraday data326 words
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319 2013-06-08 12 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg Singapore SINGAPORE Airlines (SIA) has opted for the Rolls-Royce Trent 1000 engine to power its 30 Boeing 787-10Xs, which it will start taking delivery of from FY2018/19. Separately, SIA’s wholly owned budget carrier Scoot also announced it would be319 words
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674 2013-06-08 13 Cai Haoxiang - Private equity houses liquid; lure of revenue growth in emerging markets; strong economic fundamentals By Cai Haoxiang haoxiang@sph.com.sg Singapore FIVE years since the global financial crisis, the mergers and acquisitions (M&A) scene in South-east Asia is growing sunnier by the day, said a gathering674 words
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Article, Illustration661 2013-06-08 14 R Sivanithy - STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent WORRIES that the US Federal Reserve will soon end its third round of “quantitative easing” or QE3 have in the past 10 days or so hit stocks hard. Also a factor was the Japanese government’s economic recovery661 words
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Article59 2013-06-08 14 BY CENTS CLOSE UP GLD 10US$ ***** 89.6 0.5 UOB 5.05%NCPS 100 ***** 68.0 0.7 OCBC Bk 5.1%NCPS 100 ***** 17.0 0.2 F&N 883 12.0 1.4 DBXT FTVietnam 10US$ 2561 7.5 0.2 DBXT MSBANGL 10US$ 93 6.8 6.3 GLP 272 6.0 2.3 SingTel 10 371 6.0 1.6 Vicom59 words
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Article57 2013-06-08 14 BY CENTS CLOSE DOWN Lyxor Indonesia10US$ ***** -409.4 -3.1 DBXT MSJAP 10US$ 4115 -226.5 -4.2 DBXT MSKorea 10US$ 5602 -224.0 -3.1 IS S&P500 ***** -134.4 -0.7 DBXT S&P500 10US$ 2657 -75.9 -2.2 Jardine C&C 4450 -52.0 -1.2 DBXT FTChina25 10US$ 2694 -51.0 -1.5 DairyFarm 1210 -49.8 -3.2 UOB.ES.130657 words
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565 2013-06-08 14 Bloomberg Singapore JAPAN-focused hedge funds may see their assets increase 20 per cent this year on expectations that Prime Minister Shinzo Abe’s policies and stimulus measures will boost growth, according to Eurekahedge Pte. About US$3 billion could be added to theBloomberg - 565 words
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Article148 2013-06-08 14 VOL CLOSE Healthway 1 62,936 8 6 2.8 24.6 Tee Land 1 58,381 57 1 .0 1 .8 I nnopac 1 27,748 18 8 0.0 0.0 WE H l dgs 67,372 11 3 0.1 0.9 Rowsley 62,471 47 1 .5 3.1 Yoma 59,719 98 2.0 2.1 CNA148 words
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Article109 2013-06-08 14 Stock name Close Change CapMallsAsia 1.905 CapitaLand 3.280 -0.060 CapitaMall 2.100 CityDev 10.19 -0.050 ComfortDelGro 1.855 +0.030 DBS Grp 15.97 -0.050 GLP 2.720 +0.060 Genting SP 1.410 +0.005 Golden Agri 0.560 HK Land 6.620 -0.030 HPH Trust US$ 0.790 JMH 62.32 -0.230 JSH 37.61 -0.310 Jardine C&C 44.50109 words
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Article, Illustration604 2013-06-08 15 Nineteen analysts expect rise in bullion price next week after retreat in equities, weakening dollar Bloomberg London GOLD traders are the most bullish since before the bear market began two months ago after a retreat in equities from an almost five-year high andBloomberg; PHOTO: REUTERS - 604 words
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392 2013-06-08 15 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg Singapore OVERSEAS Union Enterprise’s (OUE) plans for a hospitality trust initial public offering will take the form of OUE Hospitality Trust, a stapled group to consist of OUE Hospitality Real Estate Investment Trust (OUE H-Reit) and OUE Hospitality Business Trust392 words
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Page 13 Advertisements
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Advertisement169 2013-06-08 13 C//K' /o(H UA/ I f A A 1 JL UQ iTT\i-i i> A1 1 SINGAPORE OPEN HOUSE Sunday, 9 June 2013 10 am to 5pm In celebration of our 30th Anniversary the British Club is offering savings of up to $5,260 for the first 30 people who sign up as169 words
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Page 15 Advertisements
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Advertisement25 2013-06-08 15 LISTEN OUT FOR FINANCIAL RESULTS ANNOUNCEMENT Find out more about a company’s financial performance through CATS Notices in The Straits Times. WATS NOTICES cla/dec 05/clj25 words
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FROM THE DESK OF
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Article, Illustration858 2013-06-08 16 Helen Khoo - In the grip of shifting retail patterns and the labour crunch, retail companies should restructure for the long term by raising staff productivity through training FROM THE DESK OF Helen Khoo Executive Director Wing Tai Retail Pte Ltd LAST year, retailers generally experienced tighter profit margins from858 words
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SINGAPORE
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Article, Illustration559 2013-06-08 17 Ong Chor Hao - Property index eases 0.5% to 175.7 from April; transaction volumes remain weak By Ong Chor Hao ongch@sph.com.sg RESALE prices of non-landed private homes eased slightly in May amid weak transaction volumes, flash estimates from the Singapore Real Estate Exchange (SRX) show. SRXSource: SR X / UR A - 559 words
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375 2013-06-08 17 Samuel Ee - By Samuel Ee samuelee@sph.com.sg THE government is seeking the public’s views on how the certificate of entitlement (COE) and car ownership framework should be refined from the social-equity perspective. This is in response to public feedback that luxury cars are creeping into Category A375 words
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Article, Illustration295 2013-06-08 17 Maria Mala Yogalingam - By Maria Mala Yogalingam ymaria@sph.com.sg AROUND 50 children had an early start to their Friday when they headed off to work with their parents for OCBC Bank’s first-ever “take your child to work” day yesterday. The inaugural OCBC Kids@Work event, held295 words
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Article, Illustration610 2013-06-08 18 Ng Sai Ying - Council has lined up more than 400 events to mark National Family Celebrations this month By Ng Sai Ying nsaiying@sph.com.sg THE National Family Council (NFC) hopes to shift the Singapore mindset here from being “work-first” to “family-first”, and promote the idea that610 words
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Page 18 Advertisements
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Advertisement286 2013-06-08 18 THE BUSINESS TIMES SATURDAY SPECIAL A complimentary Tom Yum chicken soup for two Two diners to qualify. No minimum spending. Just that a truly enjoyable Thai dining experience is not complete without our signature Tom Yum soup Venue: Ruby, Thai Inspired Cuisine Restaurant Bar 9 Raffles Boulevard #01-06/07/08 Millenia Walk286 words
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Advertisement252 2013-06-08 18 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF ELK SECURITY PTE LTD (INCORPORATED IN SINGAPORE) (Company Registration No.: *****1210Z) NOTICE OF CREDITORS’ MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 296 of the Companies Act, Cap. 50, a meeting of creditors of ELK252 words
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WORLD
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Article, Illustration662 2013-06-08 19 Silicon Valley firms deny providing access to their servers AFP Washington US spies are secretly tapping into servers of nine Internet giants including Apple, Facebook, Microsoft and Google in a vast anti-terror sweep targeting foreigners, explosive reports said on Thursday. Stung by aAFP; PHOTO: AP - 662 words
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558 2013-06-08 20 Tokyo looks to bolster alliances at a time of rising tensions in E Asia AFP Tokyo JAPAN and France are to work on the joint development of military hardware, the two countries’ leaders said on Thursday, as Tokyo looks to bolster alliances atAFP - 558 words
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Article, Illustration384 2013-06-08 20 AFP Ottawa CANADIAN authorities charged Nestle, Mars and a network of independent wholesale distributors over an alleged criminal conspiracy to fix the prices of leading chocolate bars. Competition Commissioner John Pecman called their alleged actions “egregious anti-competi-tive behaviour that harms Canadian consumers” and “a seriousAFP; PHOTO: AFP - 384 words
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551 2013-06-08 20 Reuters London CHINA’S Huawei Technologies Co Ltd should not have been allowed to become embedded in Britain’s critical communications network infrastructure without the knowledge and scrutiny of ministers, UK lawmakers said here on Thursday. The Chinese company, the world’s No 2 telecoms gearReuters - 551 words
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Article, Illustration581 2013-06-08 22 It sees GDP expanding by 0.3% this year and 1.5% in 2014 AFP Frankfurt THE economic outlook for Germany is brightening, its central bank said yesterday, as improved trade and rising industrial output suggested Europe’s biggest economy is slowly leaving recent weakness behind it.AFP; REUTERS FILE PHOTO - 581 words
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Briefing
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104 2013-06-08 22 AFP Paris French investigators have placed Swiss bank UBS under formal investigation on suspicion that it tried to persuade rich French clients to open undeclared accounts in Switzerland, a legal source said. The move emerged less than a week after the French branchAFP - 104 words
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114 2013-06-08 22 Bloomberg Mumbai Reliance Industries led by billionaire Mukesh Ambani said it will share mobile phone towers controlled by Mr Ambani’s younger brother in a transaction valued at about US$2.1 billion. The pact to use billionaire Anil Ambani-owned Reliance Communications’ 45,000 phone towersBloomberg - 114 words
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145 2013-06-08 22 Reuters London Saudi billionaire Prince Alwaleed bin Talal has sued Forbes magazine for libel in a British court, alleging its valuation of his wealth at US$20 billion was short of the mark by US$9.6 billion, Britain’s Guardian newspaper reported yesterday. The prince, aReuters - 145 words
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119 2013-06-08 22 AFP Moscow Russians reeled yesterday from the shock announcement by President Vladimir Putin that his 30-year marriage was over, a break-up that was long an open secret but few imagined would ever be made public. In a joint interview with state television, Mr Putin’s wifeAFP - 119 words
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Page 19 Advertisements
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Advertisement1103 2013-06-08 19 TRANSIT-MIXED CONCRETE LTD (Incorporated In The Republic Of Singapore) Company Registration No. *****2587H NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the 33rd annual general meeting of Transit-Mixed Concrete Ltd will be held at Ocean 12, Level 2, Pan Pacific Singapore, 7 Raffles Boulevard, Marina Square, Singapore *****51,103 words
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Page 21 Advertisements
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Advertisement94 2013-06-08 21 HOME LOAN COMPARISON CALCULATOR Use our Home Loan Wizard to compare the latest home loan rates and packages across all banks in Singapore! www.stproperty.sg/property-tool HOME LOAN COMPARISON CALCULATOR The Home Loan Comparison Calculator helps you calculate your monthly payments and compare the latest home loan packages From all banks in94 words
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Page 22 Advertisements
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Advertisement34 2013-06-08 22 m i I s£^|s?ss te 4 g £Trt m LOOKING FOR BIG GARDEN? Check this and many other properties in CATS Classified in The Straits Times now! WAT-3 BUY IT* SELL IT* FIND IT34 words
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SGX
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Article8101 2013-06-08 23 Transaction date: Jun 7 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 unch 10 13 13 13 13.7 10.6 0.8 10.7 62.3 8.8 3 A-Sonic 6.1cd -0.4 922 6.58,101 words
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Article1814 2013-06-08 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 $mil 21.5 15.9 t 800 Super 19.5 unch 50 19.5 19.5 19.3 19.8 3.3 5.1 5.8 34.9 6.2 2.8 t AA Grp 3.5 3 5.5 1751,814 words
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Article186 2013-06-08 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 8 6 0 0 0 2 8 6 Manufacturing 42 47 39 3 11 10 45 58 49 Commerce 16 22 19 4 4 5 20 26 24 Tpt/Stor/Comms 16 17 9186 words
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Article815 2013-06-08 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jun 3 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Noble Grp 6-Jun-13 Richard Samuel Elman *Buy 2000 1.01 *****46 21.09 *****46 21.12 Noble Grp 6-Jun-13 Noble815 words
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Article121 2013-06-08 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 28,521 28,521 80,123 80,123 Manufacturing 330,167 150,036 480,203 170,226 10,728 180,955 Commerce 170,150 90,301 260,451 104,882 9,409 114,291 Tpt/Stor/Comms 118,133 20,496 138,629 215,249 6,982 222,231 Finance 153,674 46 153,720 253,389 22 253,411 Construction 156,055 23,955121 words
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MARKETS
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Article94 2013-06-08 27 Jun 6 COCOA (£/tonne) Close Prev High Low Jul 13 1568 1552 1572 1545 Sep 13 1563 1546 1567 1540 Dec 13 1556 1541 1559 1534 Mar 14 1553 1537 1555 1533 COFFEE(US$/tonne) Close Prev High Low Jul 13 1862 1852 1867 1827 Sep 13 1881 1879 1890 185594 words
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Article66 2013-06-08 27 Jun 7 GOLD(US$/oz) Jun 06 Jun 07 Hong Kong 1407.00 1422.00 Jun 05 Jun 06 London 1406.64 1405.30 1408.36 1406.10 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 28.53 27.76 Source: UOB PLATINUM Lon (US$/oz) Jun 06 Close Previous PM Fix 1515.00 1503.00 AM Fix 1508.00 1497.00 Source:66 words
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Article57 2013-06-08 27 Jun 7 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jun 13 2398.0 2417.0 2425.0 2398.0 122 2290 Jul 13 2424.0 2452.0 2466.0 2424.0 2600 ***** Aug 13 2445.0 2457.0 2471.0 2436.0 ***** ***** Sep 13 2437.0 2457.057 words
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Article92 2013-06-08 27 Jun 7 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****X 05-Sep-13 0.25 6-Month BS*****H 29-Nov-13 0.26 1-Year BY*****H 02-May-14 0.26 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 100.05 100.11 100.10 5-Year N*****0T 0.592 words
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Article155 2013-06-08 27 Jun 7 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1829 1.1837 0.9505 0.9511 Canadian dollar 1.2117 1.2122 0.9740 0.9736 Euro 1.6482 1.6486 1.3244 1.3246 NZ dollar 0.9929 0.9932 0.7978 0.7980 Sterling pound 1.9402 1.9407 1.5590 1.5593155 words
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Article118 2013-06-08 27 Jun 07 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.213 1.156 Can dollar 1.230 1.183 Euro 1.682 1.602 Sterling pound 1.972 1.897 NZ dollar 1.015 0.976 US dollar 1.266 1.206 Local dollars to 100 units of foreign currency: Currencies Sell118 words
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STOCK MARKETS
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Article, Illustration20 2013-06-08 27 YTD change: +0.56% 52-week high: 3,464.79 on May 22,2013 52-week low: 2,735.59 on June 8,2012 Source: BloombergSource: Bloomberg - 20 words
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Article, Illustration20 2013-06-08 27 YTD change: -4.77% 52-week high: 23,944.74 on Feb 4,2013 52-week low: 18,461.18 on June 8,2012 Source: BloombergSource: Bloomberg - 20 words
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Article, Illustration25 2013-06-08 27 YTD change:+14.78% 52-week high: 15,542.40 on May 22,2013 52-week low: 12,398.44 on June 8,2012 (Chart shows Thursday’s index closing) Source: BloombergSource: Bloomberg - 25 words
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Article, Illustration21 2013-06-08 27 YTD change: -2.57% 52-week high: 2,444.80 on Feb 18,2013 52-week low: 1,949.46 on Dec 4,2012 Source: BloombergSource: Bloomberg - 21 words
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Article, Illustration19 2013-06-08 27 YTD change: +23.88% 52-week high: 15,942.60 on May 23,2013 52-week low: 8,328.02 on July 25,2012 Source: BloombergSource: Bloomberg - 19 words
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Article104 2013-06-08 27 Jun 6 SOYBEANS (5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 13 1527.25 1532.00 1534.25 1519.25 Aug 13 1449.75 1454.75 1455.25 1440.75 Sep 13 1355.25 1354.00 1358.25 1340.50 Nov 13 1305.75 1300.00 1309.00 1285.25 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Jul 13 48.16 48.30 48.49104 words
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Article68 2013-06-08 27 Jun 06 CRUDE US$/barrel (FOB origin) Close Change Brent blend (1-Mth F) 103.52 -0.23 WTI (Near Mth) 94.67 1.00 Dubai (1-Mth F) 99.66 -0.27 Tapis blend 107.04 -0.35 Minas 102.04 -0.35 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 95.00 -0.78 Jet Kerosene 115.85 -0.26 US$/barrel OpecOil Basket Price 100.9368 words
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Article72 2013-06-08 27 Jun 06 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1928.75 1944.00 3 months 1963.00 1972.00 Copper, Grade A (US$/tonne) Cash 7301.25 7422.25 3 months 7335.00 7455.00 Lead (US$/tonne) Cash 2190.50 2248.50 3 months 2201.00 2245.50 Nickel (US$/tonne) Close Previous Cash *****.50 *****.50 3 months *****.00 *****.00 Tin (US$/tonne)72 words
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373 2013-06-08 27 In local curr In S$ In US$ dy yr dy yr dy yr Jun 6 Index Change Change Change Change Change Change World Preliminary 1037.7 -0.5 10.6 -0.3 10.5 -0.1 8.3 EAFE Preliminary 844.5 -1.2 9.0 -0.6 6.2 -0.5 4.1 Europe Preliminary 1215.2 -1.2 5.9373 words
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PERSPECTIVE
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Article, Illustration1034 2013-06-08 28 / 29 Neil Unmack - Banks and investors have to put their money somewhere, and can’t just stash the funds under the mattress. By Neil Unmack REUTERS BREAKINGVIEWS By Neil Unmack Negative rates are the talk of the town in European monetary policy. European Central Bank officials can’t stop danglingPHOTO: REUTERS - 1,034 words
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Article, Illustration951 2013-06-08 28 / 29 John Gee - John Gee ON a recent trip to Britain, I invited some of my young relatives to make an extended visit to me in Singapore. Though I am sure that they would all enjoy their time here, I wasST FILE PHOTO - 951 words
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Wealth
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WEALTH INVESTING
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Article, Illustration1335 2013-06-08 30 / 31 Shane Oliver - Bearish situation seems more related to problems of success WEALTH INSIGHTS Shane Oliver AMP Capital Investors ~The writer is head of investment strategy and chief economist, AMP Capital Investors THE volatility of the past two weeks has naturally led many to fear thatSource: Bloomberg , AMP Capital Investors; Source: Bloomberg , AMP Capital; PHOTO: AP - 1,335 words
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Article, Illustration1213 2013-06-08 32 A group has suggested setting up a National Compassion Fund to aid victims in the US NYT UNFORTUNATELY,it has become a sad tradition. An unthinkable tragedy occurs: the shootings at a movie theatre in Aurora, Colorado; or the bombings at the Boston Marathon.NYT; PHOTO: REUTERS - 1,213 words
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Article, Illustration1223 2013-06-08 33 Teh Hooi Ling - Investors should do proper due diligence and seek advice of experienced people to avoid losing hard-earned money SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent ~The writer is a CFA charterholder SOME months back, a German friend said he attended an investment seminar that1,223 words
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WEALTH REAL ESTATE
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Article1016 2013-06-08 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN MAY 8 AND MAY 14, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 10 NON-LANDED d'Leedon Apt 10/05/2013 99 1690 2478 1467 d'Leedon Apt 08/05/2013 99 1055 1817 17231,016 words
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Article, Illustration890 2013-06-08 35 Suburban units will offer better yields than central shopping centres, forecasts Aviva Bloomberg Singapore THE Republic’s shopping malls offer the best returns among Asia-Pacific retail investments as economic and demographic growth boosts consumption, according to Aviva plc. Suburban retail units catering to localBloomberg - 890 words
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583 2013-06-08 35 Bloomberg Singapore MARRIOTT International Inc, the largest publicly traded US hotel chain, expects to seal its first agreement for a property in Myanmar in the next six months as the country opens its doors to foreign investors. The company’s first hotel inBloomberg - 583 words
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Page 36 Advertisements
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Advertisement138 2013-06-08 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. THE ROYAL OAK REINVENTS ITS HERITAGE AS THE ORIGINAL RULE-BREAKING HAUTE HOROLOGY SPORTS WATCH. THIS ICONIC PIECE CELEBRATES THE PURPOSEFUL ROYAL OAK STRONGBOX ARCHITECTURE, AND THE ARTISANAL FINESSE AND ELEGANCE OF THE ENGINE-TURNED “GRANDE TAPISSERIE” DIAL. THE DARING USE OF STAINLESS138 words
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Advertisement55 2013-06-08 1 STYLE Charting his own path L4 DINING Street treats L6-7 LivingBTTHE BUSINESS TIMES WEEKEND JUNE 8 9 2013 HOME GARDEN Raw beauty L10-11 MAD ABOUT MENSWEAR Catering to well-heeled style-conscious men L2-3 GADGETS Music on the move L14 SWAGGER HEALTH More than a wee bit of trouble L15 MOTORING The55 words
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BT Living
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STYLE
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Article, Illustration1311 2013-06-08 2 / 3 May Yip - The rise of new stores targeted at men who would spend more than a month’s rent on a suit or pair of shoes defies reason, unless you’re part of a clientele who can tell the difference between royal oxford and chevron. By May Yip By May YipPHOTOS: FIFTYFIVE; PHOTOS: SWAGGER; PHOTOS: DJIEN; PHOTOS: UOMO COLLEZIONI - 1,311 words
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Article, Illustration1069 2013-06-08 4 Tay Suan Chiang - Salvatore Ferragamo explains why, instead of joining his family’s fashion business, he chose to work with wines and hospitality. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg SALVATORE Ferragamo shares the same name as his late grandfather, one of the world’s greatest shoemakers, and even1,069 words
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Article, Illustration869 2013-06-08 5 May Yip - Bespoke fine jewellery is no longer the sole domain of trust fund princesses, thanks to a homegrown designer who customises baubles to suit a spectrum of lifestyles. By May Yip By May Yip btnews@sph.com.sg COCO Chanel may have popularised faux bling, and who doesn’t love piling on869 words
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DINING
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Article, Illustration1299 2013-06-08 6 / 7 Debbie Yong - The inaugural World Street Food Congress features 37 street food vendors and over 30 leading names in the international food industry. Debbie Yong reports Debbie Yong debyong@sph.com.sg WHAT is street food? Is it defined by its locality, and thus food that is sold and eaten on the streets?PHOTO: MAKANSUTRA; PHOTOS: JOHN HENG - 1,299 words
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DESIGN
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Article, Illustration1320 2013-06-08 8 / 9 Lim Sio Hui - Lim Sio Hui finds out that visionary Hong Kong architect Rocco Yim doesn’t have a signature style, for him, bold is better than beautiful. Lim Sio Hui btnews@sph.com.sg HE may be among the starchitects who transformed Guangzhou’s Pearl River New Town landscape, but Rocco Yim isn’tPHOTOS: ROCCO YIM, W GUANGZHOU, CANTON COOL - 1,320 words
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HOME & GARDEN
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Article, Illustration1036 2013-06-08 10 / 11 Tay Suan Chiang - The home of Aaron Soh and Mindy Ler looks incomplete but it is designed to look like a work in progress. By Tay Suan Chiang personal space By Tay Suan Chiang taysc@sph.com.sg AARON Soh and Mindy Ler have lived in their home for almost two years, but visitorsPHOTOS: YEN MENG JIIN, STUDIOGOTO - 1,036 words
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WATCHES
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Article, Illustration712 2013-06-08 12 Cheah Ui-Hoon - Audemars Piguet showcases its birthplace, Vallee de Joux in Switzerland, at Art Basel. By Cheah Ui-Hoon By Cheah Ui-Hoon uihoon@sph.com.sg THE blown-up photos of fir trees covered with snow provide a serene backdrop for luxury watchmaker Audemars Piguet’s showcase. Without a deeper knowledgePHOTOS: ART BASEL HONG KONG - 712 words
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TRAVEL
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Article, Illustration1312 2013-06-08 13 Kevin Brass - Some luxury hoteliers are creating casual, individual atmospheres that seem far removed from the standard hotel ambience. By Kevin Brass NYT LUXURY hotel executives know they have a problem. A pillow menu, gold-plated bathroom fixtures and spacious rooms will not be enough to woo the nextNYT; PHOTO: AFP - 1,312 words
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GADGETS
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Article, Illustration679 2013-06-08 14 Christopher Lim - Wireless speakers from Beats by Dr Dre, Logitech and Libratone help keep you in the groove no matter where you are, says Christopher Lim Christopher Lim limchris@sph.com.sg Beats by Dr Dre Pill $310 SPEAKERS built into most mobile phones aren’t up to the task of filling679 words
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HEALTH
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Article, Illustration660 2013-06-08 15 Cheah Ui-Hoon - Frequent night-time urination can be a sign of something else that’s serious. By Cheah Ui-Hoon uihoon@sph.com.sg WAKING up frequently at night to go to the toilet? If you’re over 65, it may not be just a weak bladder you have. Frequent night-time urination,PHOTO: STOCK.XCHNG - 660 words
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SPORTS
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Article, Illustration807 2013-06-08 16 Malminderjit Singh - Malminderjit Singh msingh@sph.com.sg Correspondent Admittedly, i belong to that group of conservative football fans who believe that a club’s riches do not guarantee success on the pitch. Especially, when it is a star-studded team using financial muscle to make a marquee signing, I oftenPHOTO: REUTERS - 807 words
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525 2013-06-08 16 steve dawson - grand slam with steve dawson AS my colleague Jason de la Pena gave his semi-final tips for tomorrow’s French Open Ladies’ singles final at Roland Garros, I wasn’t listening intently. After all, I had to give my own tips as soon as he’d finished.525 words
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GOLF
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Article, Illustration1296 2013-06-08 17 Justine Moss - Pros from Singapore and Malaysia are swinging it out at Laguna National Golf Country Club for the Prudential Causeway Trophy. By Justine Moss By Justine Moss btnews@sph.com.sg PROFESSIONAL or amateur sports matches between neighbouring countries usually breed an extra element of competitiveness and sportingPHOTO: LAGUNA NATIONAL GOLF & COUNTRY CLUB - 1,296 words
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MOTORING
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Article, Illustration631 2013-06-08 18 Samuel Ee - Formula One’s tyre troubles continue this weekend at the Canadian Grand Prix but with a twist the focus on the Pirelli rubber is not going to be only on-track. By Samuel f1 watch By Samuel Ee samuelee@sph.com.sg SIX races down with 13 more to go and thePHOTO: REUTERS; PHOTO: AP - 631 words
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Article, Illustration580 2013-06-08 19 Samuel Ee - The Audi RS4 Avant may look like an ordinary estate, but it promises a super-car performance. By Samuel Ee By Samuel Ee samuelee@sph.com.sg FEW cars can match the cool understatement of a souped-up estate, especially when it is as well-packaged as the Audi RS4 Avant. The RS badge580 words
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Article, Illustration662 2013-06-08 20 Samuel Ee - The Mini John Cooper Works range now comes with an automatic gearbox. By Samuel Ee samuelee@sph.com.sg HOW the Mini John Cooper Works has grown up. For one thing, the whole range Hatch, Cabrio, Clubman, Coupé and Roadster is now available with a six-speed automatic transmission, instead of just662 words
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Advertisement901 2013-06-08 6 / 7 wine&dine with BTWeekend Peach Blossoms Level 5, Marina Mandarin Singapore 6 Raffles Boulevard Grains of Heritage Till June 12, 2013 Celebrate this year’s Dragon Boat Festival with Peach Blossoms’ new creation of five fruity sweet rice dumplings and three signature traditional rice dumplings, all created by Dim Sum Chef Kerene901 words
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Advertisement31 2013-06-08 14 HOME NEE S Get comfortable on a new sofa. To find out more, turn to CLASS 108 in CATS Classified in The Straits Times now. WAT3 BUY IT-SELL IT* FIND IT31 words
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Advertisement262 2013-06-08 15 /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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