The Business Times, 29 June 2013
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2013-06-29
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The Business Times
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Title Section19 2013-06-29 1 weekend THE BUSINESS TIMES www. usinesstimes.com. g JUNE 29-30, 2013 S$1.00 MICA (P) 075/08/2012 A SINGAPORE PRESS HOLDINGS PUBLICATION19 words
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Article35 2013-06-29 1 FIERY RETORT THE fibre, pulp and paper group says that it makes no commercial sense for the company to set alight the raw materials that feed its pulp mills. 235 words
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29 2013-06-29 1 HONEY POT LATEST report in the Barclays Wealth Insights series shows that the wealthy here took the least time to build their riches. 429 words
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Article36 2013-06-29 1 CAPITAL IDEA THE American carrier wants a slice of the business class market from Singapore to New York and Los Angeles when SIA suspends its non-stop flights this year. 836 words
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29 2013-06-29 1 CLEAR LEADER IT rakes in US$120.8 million in estimated fees in the first half, more than Goldman Sachs and Credit Suisse combined. 2129 words
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825 2013-06-29 1 Mindy Tan - Investors who do so in a relative’s name to avoid ABSD can’t hide any more By Mindy Tan tanmindy@sph.com.sg Singapore PARENTS who try to outsmart regulators by buying properties in their children’s names will find that the loophole has been closed. This was825 words
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Article, Illustration695 2013-06-29 1 Livia Yap - By Livia Yap liviayap@sph.com.sg Singapore THE brain may be a body’s control centre, but the spine supports all its movements. It holds the head up and provides balance for the entire skeletal frame; much like how the environmental deck695 words
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Page 1 Advertisements
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Advertisement33 2013-06-29 1 the business www. usinesstimes.com. the raffles conversation SELF-MADE BILLIONAIRE SHIV NADAR 10-11 SHOW ME THE MONEY All about interest rates 33 MOTORING Porsche updates the Panamera L19 LIVING Sweet smell of success L2-533 words
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TOP STORIES
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Article, Illustration892 2013-06-29 2 Lynn Kan - It rebuts NGOs’ charges that hot spots have been found in its concession area in Riau By Lynn Kan lynnkan@sph.com.sg Singapore THE Singapore-headquartered Asia Pacific Resources International Limited (April) has rebutted charges by non-governmen-tal organisations (NGOs) that scores of haze-generating hot spotsPHOTO: REUTERS - 892 words
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MARKETS
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Article59 2013-06-29 2 GSTI 3,150.44 (+32.41) GSTI FUTURES 3,145.00 (+27.00) GSIMSCI 354.12 (+3.53) GSIMSCI FUTURES 353.40 (+2.70) STOCKS Friday Change KL COMP 1,773.54 +21.97 NIKKEI 225 13,677.32 +463.77 HANG SENG 20,803.29 +363.21 SET 1,451.90 +5.45 JAKARTA 4,818.90 +143.15 MANILA 6,465.28 +137.28 KOSPI 1,863.32 +28.62 SHENZHEN B 775.94 +14.79 MUMBAI IND 19,395.81 +519.8659 words
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Article29 2013-06-29 2 SINGAPORE 5.38 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA 13.227 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 2013-06-29 2 US$ S$ US$ (S$ per US$) 1.263 (US$/S$ per 1.525 1.926 EURO(US$/S$/€ 1.305 1.648 Foreign currency per US$ S$ YEN 98.80 78.30 RM 3.169 2.509 HK$ 7.757 6.141 BAHT 31.00 24.54 RUPIAH 9,925 7,858 RENMINBI 6.142 4.863 INDIAN RUPEE 59.50 47.11 A$ 1.080 0.855 NZ$ 1.280 1.01348 words
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Article, Illustration542 2013-06-29 3 Kelly Tay - To promote financial prudence banks must ensure that loans stay within 60% of total debt servicing ratio By Kelly Tay kellytay@sph.com.sg Singapore STARTING today, individuals who buy property will have their entire debt profile taken into account when they apply for a property542 words
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Article, Illustration987 2013-06-29 4 Malminderjit Singh - What is needed is a sound sense of personal investment and finance, and not business acumen or family wealth By Malminderjit Singh msingh@sph.com.sg Singapore IF you are looking to getting rich quickly then being in Singapore is your best bet to doPHOTO: REUTERS - 987 words
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525 2013-06-29 4 Teh Shi Ning - By Teh Shi Ning tshining@sph.com.sg Singapore BANK loans grew at a slower pace of 18.8 per cent from a year ago in May. But lending gathered pace over the month and continues to reflect a healthy level of economic activity, economists525 words
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Article, Illustration518 2013-06-29 6 Lee U-Wen - PM Lee says Singapore is developing this high-value industry to tap the growing middle class in Asia By Lee U-Wen leeuwen@sph.com.sg Singapore THE consumer businesses industry is a growth sector that Singapore is developing to tap the rapidly growing middle class in Asia,518 words
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451 2013-06-29 6 Joyce Hooi - By Joyce Hooi joyceh@sph.com.sg Singapore THE Szechuan-based Haite Group will spend $95.3 million setting up an aviation training centre in Changi Business Park, the aviation firm said at the centre’s groundbreaking ceremony yesterday. The centre named the Haite High-tech Singapore451 words
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887 2013-06-29 8 Nisha Ramchandani - It wants slice of business class market from Singapore to New York and Los Angeles Reports by Nisha Ramchandani nishar@sph.com.sg Singapore DELTA Air Lines, which has overhauled its business class product for its trans-Pacific routes, is looking to carve out a slice of887 words
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Article, Illustration357 2013-06-29 8 A WOMAN carefully assembles a Japanese platter, gripping a pair of chopsticks in her gloved hands as she artfully places each ingredient on the dish one at a time to ensure that the presentation is just right. The painstaking attention to detail beliesPHOTO: SIM KOK CHWEE - 357 words
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331 2013-06-29 8 AFP Bloomberg Singapore SINGAPORE state investment company Temasek Holdings is looking to increase its investments in US and European firms even though both regions remain mired in economic uncertainty, a report said. Temasek is “more bullish than most people” on both regions asAFP; Bloomberg - 331 words
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Page 2 Advertisements
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Advertisement120 2013-06-29 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 Real Estate 35 LIVING Style L2-5 Dining L6-9 Style L8-9 Home Garden L10-11120 words
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Page 3 Miscellaneous
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Miscellaneous54 2013-06-29 3 SINGAPORE -SWEEP1 ST PRIZE $2,300,000 2 nd PRIZE $500,000 3» PRIZE $250,000 9 sets of 2D prizes amount and 2D Si PC503 Draw no. 07/2013 re S9 $3 g*****40 DRAW ON WEDNESDAY, 3 JULY 2013 p A Always play with care. responsibiyj Do not bet illegally. rcb Reg No: *****0202G54 words
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Page 5 Advertisements
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Advertisement151 2013-06-29 5 -rJ Wine Challenge 2013 OMETIMES, BEING Labelled Works to your Advantage. Especially If Your Wine Finds favour With Our Panel Of CEOs. If you are a wine producer or distributor, submit your top labels for this award and vie for recognition. 10 deserving wines will be picked by 10 CEOs151 words
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Page 7 Advertisements
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Advertisement103 2013-06-29 7 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 in103 words
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WEEK IN REVIEW/WEEK AHEAD
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THIS WEEK June 24-28, 2013
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53 2013-06-29 9 THE government’s introduction of free MRT rides for commuters who travel into the city area before 7.45 am kicked off on Monday for a trial period of one year, with the move seen as an attempt to ease the overcrowding on trains53 words
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48 2013-06-29 9 AMID contradictory remarks from Indonesian officials about which firms are responsible for starting the wildfires behind the haze blanketing Singapore and Malaysia, major pulp and palm oil firms have defended themselves against initial public allegations of wrongdoing.48 words
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47 2013-06-29 9 CORPORATE Japan is sitting on a massive “war chest” of internal reserves worth more than US$2 trillion, which the government is hoping to divert into new private capital investment, restoring the formidable competitiveness that Japanese industry enjoyed in the past.47 words
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52 2013-06-29 9 SINGAPORE’S core inflation outdid the headline inflation rate in May a rare sight as a fall in car prices last month was offset by steeper increases in food prices and services fees. The overall consumer price index rose to 1.6 per cent year-on-year52 words
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60 2013-06-29 9 STOCK markets in China on Tues- day finished at a four-year low amid fears that China could face a severe liquidity crunch. Though lending among banks has resumed after a temporary freeze last week, interbank lending rates remain high, limiting access to fresh capital60 words
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51 2013-06-29 9 THE Ministry of National Development has released what Knight Frank chairman Tan Tiong Cheng calls a “play safe” list of state land sites for the second half amid rising concerns about a ramp-up in physical completion of new private homes starting this51 words
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35 2013-06-29 9 MORE passenger-car COEs are expected in the next quota of certificates of entitlement, thanks to more vehicles being deregistered, but dealers remain pessimistic about COE premiums softening.35 words
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50 2013-06-29 9 JAPANESE telecom operator SoftBank’s bid to acquire Sprint Nextel, the third largest mobile operator in the US, has been accepted by the US company’s shareholders, paving the way for Internet entrepreneur Masayoshi Son to enter the US market in a big way.50 words
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35 2013-06-29 9 LESS than a year after they were launched, all 62 luxury hospitality suites at the new National Stadium in the $1.3 billion Singapore Sports Hub have been snapped up.35 words
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32 2013-06-29 9 YET another jump in pharmaceutical output drove manufacturing output higher than expected in May, setting the stage for a sequential rebound in Q2 GDP.32 words
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Article, Illustration70 2013-06-29 9 KEVIN Rudd returned as Australian prime minister on Wednesday, executing a stunning party room coup on Julia Gillard almost three years after being ousted by his former deputy and less than three months from a general election. Reinstatement seen as a last-ditchPHOTO: AP - 70 words
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51 2013-06-29 9 COMPANIES here will move to an electronic mode of reporting financial information that will replace paper-based formats. Starting October 2013, all 60,000 companies that are required to file their statements with the regulator of businesses have to adopt the extensible Business Reporting51 words
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36 2013-06-29 9 A WRONGLY made pipe was the reason a jet engine blew up over Batam on a Singapore-Sydney Qantas flight in 2010, the Australian Transport Safety Bureau found.36 words
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49 2013-06-29 9 NEVER in over a year have there been so many employers in the mood to hire more workers, says employment consultancy Hudson. Nearly half of the 5,400 employers in its latest quarterly survey plan to increase headcount in the next three months.49 words
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Article98 2013-06-29 9 US DATA July 1 ISM Mfg Index for June Construction Spending for May July 2 Factory orders for May July 3 ADP Employment Report for June International trade for May July 5 Employment situation for June EVENTS July 1 International Conference on Nuclear Security: Enhancing98 words
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Page 9 Miscellaneous
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Miscellaneous354 2013-06-29 9 CRYPTIC CROSSWORD Across 1 Circulates counterfeit US money, but shifts responsibility (6,3,4) 10 Hit century, made fast (7) 11 Man taking in some tennis, returning kind of cross (7) 12 Order a gin for Swedish girl? (4) 13 A charming French accent (5) 14 Sneer? I beg to differ! (4)354 words
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Miscellaneous13 2013-06-29 9 SATURDAY with Ludwig ‘Let’s go indoors and take a breath of fresh air13 words
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THE RAFFLES CONVERSATION
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Article, Illustration2373 2013-06-29 10 / 11 Vikram Khanna - India’s self-made IT tycoon Shiv Nadar talks to Vikram Khanna about his approach to building business and philanthropic empires Vikram Khanna vikram@sph.com.sg IN 1975, six twenty-something corporate executives in New Delhi convinced each other that the microprocessor then still in its commercial infancy would change thePHOTO: YEN MENG JIIN - 2,373 words
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COMPANIES
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1203 2013-06-29 12 Joyce Hooi - Telcos hold up well; banking sees modest gains; property sector cuts desolate figure By Joyce Hooi joyceh@sph.com.sg Singapore DESPITE a rip-roaring start to the year, local stocks have only a 2.7 per cent gain to show for their trouble, six1,203 words
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317 2013-06-29 12 Ong Chor Hao - By Ong Chor Hao ongch@sph.com.sg Singapore RETAILER and property investment company Second Chance Properties has reported that, for the third quarter ended May 31, it made a net profit of $3.6 million, 20.1 per cent higher than the $3 million from the corresponding317 words
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Article, Illustration724 2013-06-29 13 Ong Chor Hao - Shareholders at EGM support the strategy to expand into the US By Ong Chor Hao ongch@sph.com.sg Singapore SINGHAIYI Group’s new chairman Neil Bush believes that the property company’s business in the United States can eventually overtake its Singapore operations in scale, following shareholderPHOTO: LIANHE ZAOBAO - 724 words
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Business briefing
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34 2013-06-29 13 PTERIS Global has won a $19 million baggage handling contract for the checked baggage inspection system at Will Rogers World Airport in Oklahoma City, United States.34 words
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74 2013-06-29 13 ADVANCED Integrated Manufacturing Corp intends to diversify from its electronics manufacturing services into land banking, property investment and property development. It has proposed a renounceable non-underwritten rights cum warrants issue on the basis of one rights share (at one cent) with three free74 words
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66 2013-06-29 13 STATS ChipPAC plans to close its Malaysia plant by the end of 2014 to consolidate its leaded wirebond packaging and re- lated test operations in Kuala Lumpur into its Shanghai operations over several phases. The company expects total charges of $39 million,66 words
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60 2013-06-29 13 SOUND Global said its chairman Wen Yibo is exploring a possible proposal to delist the company from the Singapore Exchange, while keeping its primary listing in Hong Kong. Mr Wen may make an exit offer to acquire all shares not owned or controlled60 words
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46 2013-06-29 13 SOUP Restaurant Group has discovered $1.05 million in irregular transactions, paid out to various vendors between 2004 and 2013. Investigations found that these involved documents forged by a senior manager whose services have since been terminated, the company said.46 words
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285 2013-06-29 13 Carine Lee - By Carine Lee carinel@sph.com.sg Singapore VARD Holdings Limited expects the group’s financial results for the second quarter ending June 30,2013, to be lower than consensus market estimates. In a profit guidance issued yesterday, the global shipbuilder said operations in Brazil continue to negatively affect285 words
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Article, Illustration620 2013-06-29 14 R Sivanithy - STOCKS R Sivanithy sivan@sph.com.sg Senior Correspondent PROBABLE windowdressing for the second quarter, a return to the “bad news for the economy is good news for stocks” theme and an easing of China credit crunch worries helped the Straits Times Index rebound620 words
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Article108 2013-06-29 14 Stock name Close Change CapMallsAsia 1.825 +0.030 CapitaLand 3.080 +0.020 CapitaMall 1.995 +0.010 CityDev 10.70 +0.190 ComfortDelGro 1.835 +0.015 DBS Grp 15.50 GLP 2.750 +0.100 Genting SP 1.320 Golden Agri 0.560 +0.010 HK Land 6.870 +0.190 HPH Trust US$ 0.735 JMH 60.50 +1.700 JSH 36.30 +0.150 Jardine C&C108 words
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651 2013-06-29 14 Kenneth Lim - By Kenneth Lim kenlim@sph.com.sg Singapore CHINA’S central bank is likely to fine-tune monetary policy with a looser bias as the country faces slower growth, but the desire to put a lid on the country’s shadow banking system will moderate any actions, Societe651 words
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Article151 2013-06-29 14 VOL CLOSE CNA 1 61,906 1 2 -1.3 -9.8 St James 1 24,063 6 1 -0.4 -6.2 Innopac 1 10,215 11 1 -0.5 -4.3 M i rach Energy 60,135 18 8 0.8 4.4 SingTel 43,708 377 5.0 1.3 WE H l dgs 43,394 10 5 -0.1 -0.9151 words
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Article61 2013-06-29 14 BY CENTS CLOSE UP JMH 6050 214.7 2.9 DBXT MSTHAI 10US$ 2074 79.6 3.1 Jardine C&C 4251 51.0 1.2 IS MS India 100S$D 740 42.0 6.0 DBXT MSINDO 10us$ 1553 40.4 2.1 UOB.ES.1306 1994 39.0 2.0 DBXT MSAsExJp 10US$ 3077 34.1 0.9 DBXT MSPHILS 10US$ 189 31.8 15.461 words
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Article65 2013-06-29 14 BY CENTS CLOSEDOWN GLD 10US$ ***** -406.7 -2.7 DBXT FTVietnam 10US$ 2238 -68.2 -2.4 IS MSCI Spore 1286 -45.5 -2.7 DBXT S&P Short 10US$ 3026 -22.7 -0.6 Kep Corp.ES.1306 1045 -20.0 -1.9 Lyxor US DJIA 10 US$ 1540 -12.6 -0.6 IS ASIA HYG100S$D 1310 -11.0 -0.8 Hyflux 6%65 words
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666 2013-06-29 15 Grace Leong - Issue of whether en-bloc committee had acted in bad faith By Grace Leong gleong@sph.com.sg Singapore THE issue of whether Thomson View’s en-bloc sales committee acted in bad faith when it agreed to give the buyer an option to rescind if it has to666 words
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278 2013-06-29 15 Kenneth Lim - By Kenneth Lim kenlim@sph.com.sg Singapore FRASER and Neave (F&N) may stop drinking and piledriving at the same time as it looks into a potential split of its property and non-property businesses, the conglomerate announced late yesterday. Shareholders of the company at an extraordinary278 words
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266 2013-06-29 15 Joyce Hooi - By Joyce Hooi joyceh@sph.com.sg Singapore SINGAPORE’S auction of 4G spectrum has raked in $360 million from the three local telcos, meeting the reserve price set by the Infocomm Development Authority of Singapore (IDA) in January. Of the total 270 megahertz (MHz)266 words
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Page 15 Advertisements
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Advertisement558 2013-06-29 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SUMITOMO METALS SINGAPORE PTE. LTD. (In Member’s Voluntary Liquidation) Company Reg. No. *****5418Z NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of the Companies Act, Cap. 50 (the “Act”) that the Final Meeting of Members of558 words
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FROM THE DESK OF
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Article, Illustration805 2013-06-29 16 Martyn Riddle - Marketers should be looking at how to make smarter use of the information available to them FROM THE DESK OF Martyn Riddle Asia-Pacific marketing director for OpenText IN just 60 seconds, over 168,000,000 emails are sent in the world, 695,000 status updates, 79,364805 words
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SINGAPORE
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Article, Illustration475 2013-06-29 17 Lee U-Wen - PM Lee officially opens the campus, its second worldwide By Lee U-Wen leeuwen@sph.com.sg IT may be called Four Acres, but Unilever’s new leadership development centre here is actually much bigger than its name suggests. The tranquil campus, built at a cost of 50 million475 words
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506 2013-06-29 17 Ronnie Lim - By Ronnie Lim ronnie@sph.com.sg GIVEN the keen interest shown by local and international players to participate in LNG trading here, regulator Energy Market Authority (EMA) is now seeking industry feedback on how the just-started Singapore LNG terminal can be efficiently used,506 words
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425 2013-06-29 17 Annabeth Leow - By Annabeth Leow leowhma@sph.com.sg DEPUTY Prime Minister and Finance Minister Tharman Shanmugaratnam reaffirmed yesterday the government’s commitment to raise salaries in the social service sector. He said that more than 85 per cent of voluntary welfare organisations (VWOs) have raised the425 words
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532 2013-06-29 18 Kalpana Rashiwala - They outperform rest of market for non-landed private homes for 3rd straight month in May By Kalpana Rashiwala kalpana@sph.com.sg PRICES of completed private apartments and condos (excluding small units) in the Central Region continued to outperform the rest of the market for the third532 words
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Article, Illustration303 2013-06-29 18 Ng Zhuo Yang - By Ng Zhuo Yang ngzy@sph.com.sg SOME 30 young people sang their hearts out at the Singapore Press Holdings Auditorium yesterday on the first day of auditions for ChildAid, a charity concert that raises funds for The Straits Times School Pocket Money Fund and The BusinessPHOTO: ARTHUR LEE - 303 words
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Page 18 Advertisements
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Advertisement274 2013-06-29 18 THE BUSINESS TIMES SATURDAY SPECIAL 20% off coffee? Mama Mia! Present this advertisement and get 20% off a la carte menu at Pontini and a cup of coffee or tea Pumpkin stuffed tortelli, Italian premium cheese fondue, toasted hazelnut fresh oregano leaves Slow-roasted line-caught wild turbot fish fillet, potato saffron274 words
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WORLD
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Article, Illustration762 2013-06-29 19 Anthony Rowley - Analysts say this may be a step towards reversing chronic deflation By Anthony Rowley Tokyo CORE consumer prices in Japan stopped falling in May for the first time in seven months, it was announced yesterday, raising hopes that the country’s long slide into deflationPHOTO: AP - 762 words
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444 2013-06-29 19 Reuters Jakarta INDONESIAN investigators are building criminal cases against eight South-east Asian companies suspected of being responsible for raging fires that have blanketed neighbouring Singapore and Malaysia with hazardous smog. The Environment Ministry last week named the firms for their alleged role inReuters - 444 words
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336 2013-06-29 19 Reuters London BRITAIN’S slow economic recovery is picking up a bit more speed, data showed yesterday, just in time for the arrival next week of the country’s next central bank chief Mark Carney. The services sector, which accounts for about three quarters ofReuters - 336 words
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Article, Illustration485 2013-06-29 20 US$1.2b deal includes FT, Economist and several high-end financial data services: report AFP Kuala Lumpur MEDIA mogul Rupert Murdoch and Abu Dhabi’s state media group are in talks to acquire the Financial Times Group for about US$1.2 billion, a report said yesterday. The moveAFP; PHOTO: AFP - 485 words
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328 2013-06-29 20 AFP Bandar Seri Begawan CHINA’S territorial disputes with its neighbours and choking smog in South-east Asia are among the contentious issues set to dominate a major regional forum kicking off this weekend. The annual diplomatic and security meetings hosted by Asean willAFP - 328 words
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399 2013-06-29 20 AFP Brussels EUROPEAN Union leaders on Thursday approved a political deal on the bloc’s hotly contested trillion-euro 2014-2020 budget despite British fears of a cut in its cherished rebate. Asked whether heads of state and government had approved a deal clinched earlier in theAFP - 399 words
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543 2013-06-29 21 It rakes in US$1 20.8m in estimated fees in H1 more than combined revenue of Goldman Sachs and Credit Suisse Reuters Hong Kong SWISS bank UBS extended its lead in Asia-Pacific stock underwriting during the first half of the year, as its longReuters - 543 words
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Article, Illustration735 2013-06-29 21 AFP Washington INTERNATIONAL Monetary Fund (IMF) chief Christine Lagarde hopes the new Greek government “will hold” and that “one day” the Fund’s work in Europe, currently the target of criticism, will be appreciated, she said in an exclusive interview on Thursday with AFP. InAFP; PHOTO: AFP - 735 words
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212 2013-06-29 21 AFP Washington THE United States withdrew key trade privileges from Bangladesh, citing dangerous conditions for workers in the wake of a factory building collapse in April that killed over 1,100 people. An order by President Barack Obama removed Bangladesh’s duty-free tradeAFP - 212 words
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Article445 2013-06-29 22 He says Australian agricultural exports won’t create so much as a minor disruption AFP Sydney RESURRECTED Australian Prime Minister Kevin Rudd, a Manda-rin-speaking former diplomat, urged Chinese action on a free trade agreement between the two countries yesterday, likening stalled talks to aAFP - 445 words
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567 2013-06-29 22 Bloomberg Stockholm THE government of the largest Nordic economy is willing to support Sweden’s corporate loan market amid industry complaints that stricter bank rules are damaging companies’ access to credit. “If the growth of the corporate bond market is hampered by regulatoryBloomberg - 567 words
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Article, Illustration315 2013-06-29 22 Reu ters Tokyo IT’S a bird, it’s a plane... It’s a cartoon version of Japanese Prime Minister Shinzo Abe, hopping and somersaulting his way through the sky in a smartphone game app that his party hopes will lure young voters ahead of aReuters; PHOTO: REUTERS - 315 words
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Page 20 Advertisements
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Advertisement71 2013-06-29 20 Check out these positions and 500 more in CATS Recruit today! Singapore Refining Company Private Limited has a vacancy for a Lead/ Senior Project Engineer F J Benjamin has a position open for a Human Resource Manager Wilmar International Limited is recruiting a Trader Baker Tilly TFW is looking for71 words
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Page 22 Advertisements
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Advertisement25 2013-06-29 22 I w LIGHTNING STRIKES CATCH THE ALL NEW NISSAN HOT FM91.3 THUNDER TRUCK TUNE IN TO HOT FM91.3 FOR MORE INFO WWW.HOTFM.SG FflCEBODK.COM/HOTFMSG 3* HOTFMSG25 words
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SGX
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Article8166 2013-06-29 23 Transaction date: Jun 28 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 12.2 12.1 13.2 10.6 0.9 10.1 58.4 8.8 3 A-Sonic 6.1cd 6 6.4 2.1 43.7 AAT 2 halt8,166 words
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Article1780 2013-06-29 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 $mil 21.5 16.9 t 800 Super 19 19 19.8 3.3 5.3 5.7 34 6.2 2.8 t AA Grp 2.8 3 4.5 140 2.7 10.9 7.8 t1,780 words
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Article186 2013-06-29 26 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 9 4 2 0 0 0 9 4 2 Manufacturing 49 41 46 7 7 9 56 48 55 Commerce 23 13 21 2 2 3 25 15 24 Tpt/Stor/Comms 22 11 7186 words
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Article776 2013-06-29 26 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS For week beginning Jun 24 Substantial Buy No of Price ———SHAREHOLDING Trans Shareholder/ Sell Shares Per Before After Stock Date Director Conv '000 Shr ('000) ('000) Hu An Cable 27-Jun-13 Dragon Sea Power Ltd Sell *****0 *****9 20.27 *****9 10.39 Hu An Cable776 words
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Article123 2013-06-29 26 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 40,577 40,577 111,948 111,948 Manufacturing 193,395 80,235 273,630 150,357 5,094 155,451 Commerce 118,172 50,556 168,728 148,140 5,003 153,144 Tpt/Stor/Comms 123,648 27,250 150,898 270,459 10,827 281,286 Finance 141,680 34 141,714 354,836 15 354,851 Construction 60,447 10,876123 words
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MARKETS
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Article94 2013-06-29 27 Jun 27 COCOA (£/tonne) Close Prev High Low Jul 13 1434 1441 1450 1427 Sep 13 1449 1454 1457 1439 Dec 13 1459 1464 1466 1448 Mar 14 1461 1465 1469 1449 COFFEE(US$/tonne) Close Prev High Low Jul 13 1729 1707 1735 1708 Sep 13 1745 1725 1755 172794 words
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Article66 2013-06-29 27 Jun 28 GOLD(US$/oz) Jun 27 Jun 28 Hong Kong 1253.00 1218.50 Jun 26 Jun 27 London 1234.10 1227.90 1234.85 1228.65 Source: Thomson Reuters SILVER Selling Buying Passbook 1 oz 24.13 23.35 Source: UOB PLATINUM Lon (US$/oz) Jun 27 Close Previous PM Fix 1318.00 1329.00 AM Fix 1323.00 1323.00 Source:66 words
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Article118 2013-06-29 27 Jun 28 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.199 1.142 Can dollar 1.230 1.183 Euro 1.689 1.609 Sterling pound 1.967 1.892 NZ dollar 1.009 0.971 US dollar 1.292 1.231 Local dollars to 100 units of foreign currency: Currencies Sell118 words
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STOCK MARKETS
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Article, Illustration20 2013-06-29 27 YTD change: -0.53% 52-week high: 3,464.79 on May 22,2013 52-week low: 2,842.48 on June 28,2012 Source: BloombergSource: Bloomberg - 20 words
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Article, Illustration20 2013-06-29 27 YTD change:-8.18% 52-week high: 23,944.74 on Feb 4, 2013 52-week low: 18,710.59 on July 25,2012 Source: BloombergSource: Bloomberg - 20 words
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Article, Illustration20 2013-06-29 27 YTD change:-12.78% 52-week high: 2,444.80 on Feb 18,2013 52-week low: 1,849.65 on June 25,2012 Source: BloombergSource: Bloomberg - 20 words
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Article, Illustration18 2013-06-29 27 YTD change:+31.57% 52-week high: 15,942.60 on May 23,2013 52-week low: 8,328.02 on July 25,2012 Source: BloombergSource: Bloomberg - 18 words
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Article, Illustration26 2013-06-29 27 YTD change: +14.65% 52-week high: 15,542.40 on May 22,2013 52-week low: 12,450.17 on June 28,2012 (Chart shows Thursday’s index closing) Source: BloombergSource: Bloomberg - 26 words
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Article57 2013-06-29 27 Jun 28 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Jul 13 2368.0 2337.0 2370.0 2337.0 99 917 Aug 13 2360.0 2346.0 2380.0 2344.0 3432 ***** Sep 13 2358.0 2344.0 2376.0 2341.0 ***** ***** Oct 13 2351.0 2340.057 words
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Article92 2013-06-29 27 Jun 28 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 3-Month BQ*****W 19-Sep-13 0.27 6-Month BS*****X 27-Dec-13 0.29 1-Year BY*****H 02-May-14 0.29 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0S 0.25 01-Feb-15 100.06 100.10 100.10 5-Year N*****0T 0.592 words
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Article155 2013-06-29 27 Jun 28 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1694 1.1704 0.9260 0.9265 Canadian dollar 1.2059 1.2064 0.9550 0.9548 Euro 1.6477 1.6482 1.3047 1.3048 NZ dollar 0.9865 0.9872 0.7811 0.7815 Sterling pound 1.9260 1.9269 1.5251 1.5254155 words
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Article104 2013-06-29 27 Jun 27 SOYBEANS(5,000 bu min; USc/60 lb bushels) Close Previous High/Low Jul 13 1548.50 1534.25 1550.75 1530.25 Aug 13 1432.50 1425.25 1437.00 1421.25 Sep 13 1317.75 1317.00 1326.50 1313.00 Nov 13 1275.25 1276.00 1284.75 1270.75 SOYBEAN OIL(60,000 lbs; USc/lb) Close Previous High/Low Jul 13 46.40 46.63 46.92 46.27104 words
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Article70 2013-06-29 27 CRUDE OIL PRODUCTS Jun 27 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 103.02 2.14 WTI (Near Mth) 96.88 1.34 Dubai (1-Mth F) 99.29 0.94 Tapis blend 106.86 1.46 Minas 102.41 0.96 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 92.83 -0.09 Jet Kerosene 116.99 1.04 US$/barrel OpecOil Basket70 words
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Article72 2013-06-29 27 Jun 27 Aluminium, 99.7% purity (US$/tonne) Close Previous Cash 1721.00 1725.75 3 months 1765.00 1771.00 Copper, Grade A (US$/tonne) Cash 6726.75 6704.50 3 months 6750.00 6735.00 Lead (US$/tonne) Cash 2042.50 2021.00 3 months 2052.00 2031.00 Nickel (US$/tonne) Close Previous Cash *****.50 *****.50 3 months *****.00 *****.00 Tin (US$/tonne)72 words
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373 2013-06-29 27 In local curr In S$ In US$ dy yr dy yr dy yr Jun 27 Index Change Change Change Change Change Change World Preliminary 1036.3 1.1 10.5 0.4 11.4 0.8 7.4 EAFE Preliminary 840.2 1.4 8.5 0.5 5.8 0.9 2.1 Europe Preliminary 1197.0 1.1 4.3373 words
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PERSPECTIVE
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Article, Illustration1573 2013-06-29 28 / 29 Leon Hadar - Being a media personality and engaging in media events do not always guarantee that you will be in charge and make things happen Leon Hadar Washington correspondent ONE of the legends of Calvin Coolidge who served as the US President between 1923 and 1929 was that he wasPHOTO: REUTERS - 1,573 words
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Article, Illustration916 2013-06-29 28 / 29 Anthony Rowley - Anthony Rowley Tokyo Correspondent WHO exactly is Shinzo Abe? He is, of course the prime minister of Japan but in the six months since he came to office, he has been defined more by his words than anything else and those words appear916 words
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Wealth
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WEALTH INVESTING
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Article, Illustration1405 2013-06-29 30 / 31 Lilian Karunungan, Yumi Teso - Malaysia’s 10-year local-currency notes give highest real return among region’s biggest economies, paying 1.8% after accounting for inflation of 1.8%, while Thai securities offer 1.5%. By Lilian Karunungan and Yumi Teso By Lilian Karunungan, Yumi Teso Bloomberg Singapore MALAYSIANsovereignbonds are proving the most resilientBloomberg; PHOTO: AFP - 1,405 words
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Article786 2013-06-29 30 / 31 Joyce Hooi - Compiled by Joyce Hooi CDL Hospitality Trusts Buy Maybank Kim Eng Research| June 28 June 28 close: $1.70 VALUATION looks appealing. CDHLT has corrected 14 per cent ever since Fed chief Ben Bernanke’s congressional testimony on May 22. At this price, we think previous concerns on hotels oversupply786 words
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Article, Illustration1037 2013-06-29 32 The nation’s debt has lost 1.5% this month, the most on record in Bank of America Merrill Lynch data since 1997 Bloomberg Sydney A RECORD bond rout is raising financing costs for borrowers from Australia’s largest company to its smallest regional government, aggravatingBloomberg; PHOTO: AFP - 1,037 words
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Article, Illustration1293 2013-06-29 33 Teh Hooi Ling - Big gaps between fundamental interest rates and market interest rates have not fuelled the stock market SHOW ME THE MONEY Teh Hooi Ling hooiling@sph.com.sg Senior Correspondent INTEREST rates are supposed to be the price of capital. So in a normal free market, interest1,293 words
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WEALTH REAL ESTATE
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392 2013-06-29 34 Mindy Tan - Property auctions plunge 91 .6% in Q2 By Mindy Tan tanmindy@sph.com.sg the stock market, which was exacerbated by fears that the US Federal Reserve would start to cut back on monetary stimulus amid ongoing uncertainties in the global economy. The four properties that changed hands in the second quarter were392 words
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Article777 2013-06-29 34 PROPERTY TRANSACTIONS FOR SELECTED DISTRICTS WITH CONTRACT DATES BETWEEN MAY 29 AND JUNE 4, 2013 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT -IN/LAND AREA*(SQ FT) PRICE (S$'000) PSF (S$) District 1 NON-LANDED The Clift Apt 30/05/2013 99 495 1180 2383 District 3 NON-LANDED Echelon Apt 29/05/2013777 words
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Article, Illustration366 2013-06-29 35 Felda Chay - Bankers rushing out paperwork before new MAS rules; units average $1,480 psf: sources By Felda Chay feldac@sph.com.sg Singapore ALL of the 738 units at 99-year leasehold J Gateway were snapped up at the development’s preview yesterday, as buyers sought apartments at the first366 words
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742 2013-06-29 35 Bloomberg Zurich FROM Hollywood directors to central bankers, vacationers in Switzerland built about 400,000 holiday homes in a country of eight million over the past four decades. Now, their investment is gaining value as a limit on more chalets takesBloomberg - 742 words
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Page 32 Advertisements
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Advertisement62 2013-06-29 32 Zft' m s 90 r« S World °mrt 44 °M Somerset MRT 600m TRIZON 1550 cc -> 9. reat city poofu! 3 Bdrm a«, crs a s 4090sf 4^^ N f C i S 43S9 Reduced to selt View now? S^ LOOKlhb. CENTRAL LOCATIONS? Check this and many other properties62 words
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Page 36 Advertisements
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Advertisement52 2013-06-29 36 TO BREAK THE RULES, YOU MUST FIRST MASTER THEM. CONGRATULATIONS LEBRON JAMES ON WINNING THE CHAMPIONSHIP, FINALS AND REGULAR SEASON M V P A WA R D S FOR THE SECOND CONSECUTIVE YEAR. YOU MUST FIRST MASTER SINGAPORE AUDEMARS PIGUET BOUTIQUE 541 ORCHARD ROAD LIAT TOWERS #01-03 TEL (65) 683652 words
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Page 1 Advertisements
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Advertisement71 2013-06-29 1 Living SWEET SMELL OF SUCCESS Fragrance appreciation here soars to new heights L2-5 BT THE BUSINESS TIMES WEEKEND JUNE 29 30 2013 PHOTO: ANDY TAUER GUEST CHEF Shintaro Esaki plates up a storm L9 TRAVEL On a Venetian retreat L12-13 DINING Eateries get on the small-plates trend L6-7 HOME GARDEN71 words
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STYLE
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Article, Illustration2311 2013-06-29 2 / 3 May Yip - From the launch of a new perfumery school to the widespread availability of artisanal scents, fragrance appreciation here has soared to new heights. By May Yip btnews@sph.com.sg HERE’S a whiff of things to come: In just a year, Singapore will be home to the Asian branch ofPHOTOS: PENHALIGON’S BOUTIQUE; PHOTO: GIVAUDAN; PHOTOS: CODE DECO, ANDY TAUER, FILE - 2,311 words
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Page 4 / 5 Advertisements
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Advertisement831 2013-06-29 4 / 5 wine&dine with BTWeekend Atrium Lounge Level 4, Marina Mandarin Singapore 6 Raffles Boulevard Tel: 6845-1 111 Weekend Afternoon Tea Enjoy a leisurely tea time amid the chirping of Asian exotic birds at one of South-east Asia’s largest atriums. Sink your teeth into delicately created items such as Wild Berries Tart,831 words
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DINING
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Article, Illustration2720 2013-06-29 6 / 7 Debbie Yong - Small plates: a passing fad or menu fixture? Debbie Yong looks at four new F&B spots hoping to cement the small-plates dining style in Singapore Debbie Yong Ding Dong 23 Ann Siang RoadZ6557 0189 Hours: 6pm to 11pm, bar open until 2am (Mon-Fri), 6pm to 2amINTERIOR PHOTO: JOSEPH NAIR; PHOTOS: JOSEPH NAIR; PHOTO: PLATITOS; PHOTO: LE RESTAURANT AND ASIAN TAPAS BAR - 2,720 words
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Article, Illustration760 2013-06-29 8 Debbie Yong - Already fronting the pack when it comes to ritzy beach clubs, Ku De Ta Bali aims to scale greater heights with its brand-new fine-dining restaurant and food lab, Mejekawi. Debbie Yong heads to Bali to see what’s cooking Debbie Yong debyong@sph.com.sg LIFE should be pretty breezy760 words
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Article, Illustration973 2013-06-29 9 Debbie Yong - Running a three-Michelin-star restaurant isn’t easy, let alone one committed to serving only organically grown vegetables, but chef Shintaro Esaki wouldn’t have it any other way. He tells Debbie Yong why guest chef Debbie Yong debyong@sph.com.sg IF it weren’t for a fortuitous visit973 words
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HOME & GARDEN
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Article, Illustration1107 2013-06-29 10 / 11 Tay Suan Chiang - A small two-bedroom Kembangan apartment gets lashings of character with an eclectic vision. By Tay Suan Chiang By Tay Suan Chiang taysc@sph.com.sg DECIDING how to decorate your home can be tricky. You don’t want it to be too polished and precise or it looks like a characterlessALL PHOTOS BY YEN MENG JIIN - 1,107 words
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TRAVEL
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Article, Illustration1342 2013-06-29 12 / 13 Geoffrey Eu - Venice is alluring with its languid gondolas and myriad canals but the city’s biennale adds another dimension to the visitor experience. By Geoffrey Eu btnews@sph.com.sg CRUMBLING and magnificent, ancient and alluring, Venice is a destination like no other. “La Serenissima” (“the most serene”, a name that refers to(above).PHOTOS: GEOFFREY EU - 1,342 words
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GADGETS
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Article, Illustration808 2013-06-29 14 Christopher Lim - Traditional laptop or touchscreen tablet? Depending on your needs, Christopher Lim gives the lowdown on some high-flyers Christopher Lim limchris@sph.com.sg Marathon champ: MacBook Air $1,348-$1,788, depending on screen size and storage WHEN Apple updated its entry-level MacBook Air laptop on June 10, what grabbed headlines was808 words
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Page 14 Advertisements
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Advertisement25 2013-06-29 14 HOME NEEDS Beat the heat with new air-conditioners. To find out more, turn to CLASS 90 in CATS Classified in The Straits Times now. WATS25 words
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HEALTH
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Article, Illustration1068 2013-06-29 15 Michael Lim - Studies show that exposure to polluted air is more deadly for people with heart disease. By Michael Lim By Michael Lim ~Dr Lim is medical director at the Singapore Heart, Stroke Cancer Centre. He is also editor-in-chief, Heart Asia (a journal of the BritishPHOTO: BLOOMBERG - 1,068 words
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SPORTS
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Article, Illustration677 2013-06-29 16 Lee U-Wen - no holds barred Lee U-Wen leeuwen@sph.com.sg Correspondent IT would normally be around this time of the year when golf fans here would start getting hyped up about the annual Singapore Open, which normally tees off in early-Novem-ber at the Sentosa GolfPHOTO: ASIAN TOUR - 677 words
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Article, Illustration594 2013-06-29 16 lee u-wen - grand slam with lee u-wen THIS was arguably no, make it, definitely the bleakest day in Wimbledon tennis history. Such was the number of upsets caused in a single day that many have already described it as “Black Wednesday”. Three days ago, no one could have expectedPHOTO: AFP - 594 words
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GOLF
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Article, Illustration617 2013-06-29 17 Justine Moss - QlikTech’s recently created app contains information dating back to 2004 that are great conversation starters. By Justine Moss By Justine Moss GOLF fans who like to source game statistics, facts and trivia at the click of a mouse or with the simple swipe of aPHOTO: REUTERS - 617 words
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Article, Illustration296 2013-06-29 17 Justine Moss - By Justine Moss btnews@sph.com.sg INTO its sixth year, the Singapore-In-dia Education Trust (SIET) Charity Golf tournament tees off at the end of August. SIET www.siet-trust.org.sg/ a non-profit charitable organisation established in 1967, provides financial assistance to needy and deserving students from the Singapore Indian community. ItPHOTO: SINGAPORE-INDIA EDUCATION TRUST - 296 words
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MOTORING
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Article, Illustration641 2013-06-29 18 Samuel Ee - The Mercedes-Benz CLA45 AMG is a stylish and surprisingly comfortable high-performance sedan. By Samuel Ee samuelee@sph.com.sg THEMercedes-BenzCLA45 AMG may have the same explosive two-litre turbocharged engine and all-wheel -drive system as the A45 AMG, but this slinky sedan has a very different character from the hot hatch. Like641 words
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Article, Illustration667 2013-06-29 19 Samuel Ee - The latest updates to the Panamera make it sleeker and more refined. By Samuel Ee samuelee@sph.com.sg AT a glance, it may look like it’s more or less the same car. But, as with every Porsche makeover, it typically involves major updates under the sheet metal. With the Panamera,667 words
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Article, Illustration640 2013-06-29 20 Samuel Ee - The hot favourites will have to contend with the tricky weather at Silverstone. f1 watch By Samuel Ee samuelee@sph.com.sg HERE’S a tip if you’re heading for the bookmakers Sebastian Vettel is the hot favourite to win the British Grand Prix this weekend, but Fernando Alonso isPHOTO: REUTERS - 640 words
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