The Business Times, 19 August 2014
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2014-08-19
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The Business Times
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Title Section25 2014-08-19 1 THE BUSINESS TIMES S$1.00 online at http://www.businesstimes.com.sg SfCl A SINGAPORE PRESS HOLDINGS PUBLICATION CO R GN NO *****2868E MCI (P) 051/08/2014 Tuesday, August 19, 201425 words
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753 2014-08-19 1 KENNETH LIM - Observers glad for options for accessing CPF funds, but warn against blowing away retirement kitty By KENNETH LIM kenlim@sph.com.sg @KennethLimBT [SINGAPORE] The Central Provident Fund (CPF) should discourage Singaporeans from frivolously taking lump-sum withdrawals from their retirement savings, even though the government’s granting753 words
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MARKETS DIGEST
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Article65 2014-08-19 1 HST INDEX 3,312.78 (-1.99) GST INDEX FUTURES 3,302.00 (+2.00) HSIMSCI 376.02 (-1.02) HSIMSCI FUTURES 374.70 (-1.90) US$ S$ US$ (S$ per US$) 1.245 (US$/S$ per 1.673 2.083 EURO (US$/S$/€ 1.339 1.666 Foreign currency per US$ S$ YEN 102.50 82.30 RM 3.155 2.535 HK$ 7.751 6.228 BAHT 31.86 25.60 RUPIAH65 words
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Article49 2014-08-19 1 Monday Change KL COMP 1,861.75 -2.56 NIKKEI 225 15,322.60 +4.26 HANG SENG 24,955.46 +0.52 SET INDEX 1,542.36 -4.26 JAKARTA COMP 5,156.75 +7.79 MANILA COMP 7,027.58 +19.07 SEOUL COMP 2,053.13 -10.09 SHENZHEN B 949.97 +1.98 MUMBAI IND 26,390.96 +287.73 12 noon EDT Change DOW 16,823.92 +161.01 NASDAQ 4,503.43 +38.5049 words
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Article23 2014-08-19 1 SINGAPORE 5.35 MALAYSIA 6.55 HONG KONG 5.00 INDONESIA JAPAN TAIWAN KOREA JAPAN 1.475 KOREA 9.33 SWITZERLAND 0.50 INDIA 3.25 Source: Bloomberg23 words
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725 2014-08-19 1 MALMINDERJIT SINGH - Hope of turnaround as shipments to US, EU, China improve By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT [SINGAPORE] Singapore’s exports continued its slide in July for a third successive month, weighed down by contraction in both electronic and non-electronic exports. The slide in725 words
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Advertisement229 2014-08-19 1 SME Inc S’poreanITwhiz kid aims high in Silicon Valley PAGE 11 ASIAN LEADERS Giving Singapore a richer hue COMPANIES Analysts downgrade some STI stocks PAGE 13 PAGE 5 COMMENTARY Clinton vs Obama: The 2nd round PAGE 19 8 87 1 8 1 11 3 0000 A 03 **v S (V229 words
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Advertisement18 2014-08-19 1 THE BUSINESS OF TIME Watch out for BT’s annual watch supplement! Get a copy this Friday with BT18 words
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TOP STORIES
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Article, Illustration897 2014-08-19 2 SIOW LI SEN - Up to 440m new shares will be offered at S$7.65 a piece By SIOW LI SEN By lisen@sph.com.sg @SiowLiSenBT [SINGAPORE] OCBC Bank yesterday announced an expected S$3.3 billion rights issue on the basis of 1-for-8 shares to pay for Hong Kong’s Wing Hang897 words
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460 2014-08-19 2 PAULINE NG - If passed, it will cap foreign ownership of palm oil estates By PAULINE NG in Kuala Lumpur Planters with large holdings in Indonesian plantations, already buffeted by the declining price of crude palm oil (CPO), now have to keep watch on a460 words
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837 2014-08-19 2 NEIL BEHRMANN - By NEIL BEHRMANN in London THE European Central Bank is facing increasing calls from economists, the Financial Times, Bloomberg and other media to urgently boost liquidity to counter potential recession in Europe as growth falters in major European Union countries. The calls for837 words
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Article474 2014-08-19 2 Lump-sum CPF withdrawal, lease buyback change hailed THE Central Provident Fund should discourage Singaporeans from frivolously taking lump-sum withdrawals from their retirement savings, though the option gives valuable flexibility, observers say. FRONT PAGE Singapore’s NODX falls at a slower 3.3% in July SINGAPORE’S exports continued its slide in474 words
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512 2014-08-19 4 JAN LEE, KENNETH LIM - By and JAN LEE, KENNETH LIM janlee@sph.com.sgkenlim@sph.com.sg @KennethLimBT [SINGAPORE] Employers and unions applauded the Prime Minister’s call to look beyond paper qualifications, but said stakeholders must find ways to offer diverse paths to success. “Some employment mindsets are still steeped512 words
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Article, Illustration642 2014-08-19 4 KALPANA RASHIWALA - Leisure elements, potential high-speed rail terminus to boost area’s value REACTIONS TO NATIONAL DAY RALLY By KALPANA RASHIWALA kalpana@sph.com.sg @KalpanaBT [SINGAPORE] Developers are expected to take a keener interest in future state land tenders in Jurong Lake District whether for residential,BT Graphics - 642 words
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Article, Illustration525 2014-08-19 4 ANTHONY ROWLEY - He and Abe expect to forge strategic and economic ties By ANTHONY ROWLEY in Tokyo India’s recently-installed prime minister Narendra Modi will pay an official three-day visit to Japan at the end of this month, in a trip interpreted as bearing particular525 words
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548 2014-08-19 4 CLAIRE HUANG - Kong denies knowing about alleged bid to muddy the trail of royalties to him CITY HARVEST TRIAL By CLAIRE HUANG huangjy@sph.com.sg @ClaireHuangBT [SINGAPORE] The former investment manager of City Harvest Church charged yesterday that not only had church founder Kong Hee engineered the548 words
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Advertisement215 2014-08-19 3 Singapore eDevelopment Ltd. The Hottest App to Cool the Competition WhatsApp acquired by Facebook SGD24bn Tencent that owns WeChat, Market Cap: SGD205bn TM An app wholly-owned by SeD that is set to be launched worldwide. Singapore eDevelopment Ltd's beginnings as a technological company has propelled it forward with its latest215 words
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Advertisement53 2014-08-19 4 COMIJCi SINGAPORE’S BIGGEST IT AND CONSUMER ELECTRONICS EXHIBITION 11 comex CONNECTS YOU TO TECHNOLOGY 28-31 AUG 2014 SUNTEC Singapore, Levels 4 6 12pm 9pm FREE ADMISSION cash prtt® 5 TECH SHOWCASE BOOTH BABES CONTEST TECH FASHION SHOW I ORGANISED BY: Enhibits Inc A SUBSIDIARY OF 5 ComexITShow www.comexshow.com.sg Tel: 674753 words
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COMPANY NEWS
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681 2014-08-19 5 CAI HAOXIANG, JAMIE LEE - Unit’s representatives might have posed as staff of Agricultural Bank of China By CAI HAOXIANG, JAMIE LEE haoxiang@sph.com.sg leejamie@sph.com.sg @HaoxiangCaiBT @JamieLeeBT THE trail of missing cash at mainboard-listed China fashion company Eratat Lifestyle has led to more concrete evidence of fraud. The681 words
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700 2014-08-19 5 CAI HAOXIANG - Poor profits, stock price run-up and slowing revenue growth cited B)’ CAI HAOXIANG haoxiang@sph.com.sg @Hao><iangCaiBT THE recently-concluded earnings season has not been too kind to a number of Straits Times Index (STI) component stocks. Eight stocks out of these 30 largest and most liquid stocks700 words
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Article, Illustration470 2014-08-19 7 MALMINDERJIT SINGH - Move will raise its coal reserve bank to more than 40 million tonnes By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT INDONESIAN coal-mining specialist Geo Energy Resources has completed its acquisition of a 66 per cent stake in Borneo International Resources (BIR) for US$55PHOTO: ARTHUR LEE - 470 words
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348 2014-08-19 7 CARINE LEE - Development is situated in Fortitude Valley, close to Brisbane’s CBD By CARINE LEE carinel@sph.com.sg @CarineLeeBT LIAN Beng Group, together with Heeton Holdings and KSH Holdings will, through their respective subsidiaries, co-develop a A$150 million (S$ 174 million) mixed-use site in Brisbane,348 words
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411 2014-08-19 7 KELLY TAY - By KELLY TAY kellytay@sph.com.sg @KellyTayBT OLAM International is selling a 25 per cent stake in its packaged food business to Japanese noodle manufacturer Sanyo Foods for US$187.5 million. Aimed at capitalising on growth opportunities in sub-Saharan Africa, the deal is expected411 words
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Article, Illustration589 2014-08-19 8 Demand expected to expand while production drops amid falling prices Bloomberg [BANGKOK] The global surplus of natural rubber will shrink 46 per cent next year as demand expands and farmers reduce tapping because of decreasing prices, according to the International Rubber Study Group.Bloomberg; PHOTO: REUTERS - 589 words
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274 2014-08-19 8 MALMINDERJIT SINGH - By MALMINDERJIT SINGH msingh@sph.com.sg @MalminderjitBT SWIBER Holdings will fly the Mexican flag on five of its vessels in Mexico to entrench its position in the rapidly growing market. The offshore construction and support services provider said that this move is274 words
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469 2014-08-19 8 Many cancel licences as they succumb to restricted activities Bloomberg [DUBAI] Local lenders in Saudi Arabia are dominating the market, prompting overseas banks to surrender their licences as they struggle to compete, the chief executive officer of Standard Chartered in theBloomberg - 469 words
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146 2014-08-19 8 SINARMAS Land yesterday said it would acquire a freehold prime commercial building in London for £57.28 million (S$119 million) through a sale and purchase agreement with GE Real Estate. The building 10 Great Pulteney Street (10 GPS) is in the heart of Soho, and in146 words
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Advertisement323 2014-08-19 5 PRESENTED TO YOU BY SHAREINVESTOR Religare Health Trust Looking Ahead To The Next Phase Of Growth The Indian healthcare sector continues to be one of the fastest growing industries and is set to reach USD 160 billion by *****-driven by rising demand for, and awareness of, quality healthcare within the323 words
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Advertisement203 2014-08-19 5 DATE GUESTS-OF-HONOUR ARRIVING FROM 26AUG MR K S H A N M U G AM 26AUG MR TEO SER LUCK DATE DISTINGUISHED SPEAKERS 26AUG DR FRANCIS GURRY (DIRECTOR-GENERAL) 26AUG MR HITOSHI ITO (COMMISSIONER) 26AUG MR BRIAN HINMAN 27AUG MR TAN MIN-LIANG C 0 F 0 U N D E rTOTOT203 words
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SINGAPORE MARKETS
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Article, Illustration607 2014-08-19 6 ANITA GABRIEL - Local bourse sees limp trading as geopolitical tensions, Ebola fears persist STOCKS ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT Senior Correspondent THERE was no celebratory dance-around-the-bonfire moment for the stock market this midsummer as renewed tension in Ukraine and more signs of weakness in China’sSource: Bloomberg - 607 words
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Article77 2014-08-19 6 Aug 18 VALUE CLOSE BT OB/OS -247.00 +230.0 BT CADI -*****.00 -44.00 BT 10-day MA -*****.00 -25.00 FTSE ST Mid Cap 769.96 +0.52 FTSE ST Small Cap 552.98 -0.73 FTSE ST All Share 805.07 -0.36 FTSE ST China Top 198.95 +0.06 FTSE ST China 229.17 -0.48 FTSE77 words
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Article186 2014-08-19 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 5 8 0 0 0 2 5 8 Manufacturing 38 66 32 9 9 10 47 75 42 Commerce 29 20 12 5 5 5 34 25 17 Tpt/Stor/Comms 11 18 11186 words
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Article123 2014-08-19 6 TURNOVER (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 13,087 13,087 36,867 36,867 Manufacturing 240,588 53,377 293,965 119,089 3,380 122,469 Commerce 75,489 46,893 122,382 91,597 3,361 94,957 Tpt/Stor/Comms 77,773 18,263 96,036 103,703 2,744 106,447 Finance 22,325 162 22,487 126,153 39 126,191 Construction 35,174 100,302123 words
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Article, Illustration970 2014-08-19 6 KENNETH LIM - Compiled by KENNETH LIM Tiong Seng Holdings Aug 18 close: S$0.186 DBS Vickers Research, Aug 18 Q2 FY14 core earnings came in at only S$1.4 million (-59 per cent y-o-y) mainly on lower margins in construction segment. Revenue grew 18 per cent to S$155 million on the backSource: Bloomberg - 970 words
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Article120 2014-08-19 6 Stock name Close Change Ascendas Reit 2.340 CapitaLand 3.290 -0.040 CapitaMall Trust 1.980 +0.010 CityDev 9.870 -0.130 ComfortDelGro 2.500 -0.020 DBS Grp 17.730 +0.030 Genting Sing 1.245 -0.015 Global Logistic 2.780 Golden Agri-Res 0.525 -0.010 HPH Trust USD 0.705 HongkongLand USD 7.040 -0.060 JMH 400 USD120 words
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Article, Illustration537 2014-08-19 6 CURRENCIES Reuters [SEOUL] Most emerging Asian currencies gained yesterday, with the Thai baht near a three-week high after sec-ond-quarter growth data, despite caution ahead of a top central bankers’ meeting at the Federal Reserve’s annual Jackson Hole symposium this week. The baht gained asReuters; PHOTO: BLOOMBERG - 537 words
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Article61 2014-08-19 6 VOLUME Singapore eDev 82,835,000 SIIC Environment 74,983,000 IHC 53,995,000 APAC Strategic 48,010,000 Mirach Energy 40,856,000 Golden Agri-Res 32,039,000 Memstar Tech 24,722,000 Infinio 23,701,000 Equation 22,722,000 Terratech 21,333,000 VALUE($) OCBC Bank 56,939,260 DBS Grp 33,949,440 JMH 400 USD 29,968,191 SingTel 29,579,960 Genting Sing 24,396,660 IS MS India 100US$61 words
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Article116 2014-08-19 6 BY CENTS CLOSE UP IS S&P500 ***** 424.2 1.8 DBXT Nifty 10US$ ***** 148.0 0.9 JMH 400 USD 6104 129.4 1.7 DBXT USDIGInfl 5US$ ***** 94.5 0.3 DBXT AUD Bonds 5AU$ ***** 92.7 0.4 SPDRS S&P 500 10US$ ***** 88.3 0.4 JSH 500 USD 3664 82.1 1.8 DBXT iBoxxKR116 words
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Article132 2014-08-19 6 BY CENTS CLOSE DOWN GLD 10US$ ***** -141.8 -0.9 DBXT MSKorea 10US$ 6563 -58.5 -0.7 DBXT AUDCS 5US$ ***** -41.1 -0.2 Lyxor ThaiSET 10US$ ***** -38.6 -0.2 Lyxor AsiaCS 10US$ 6317 -37.3 -0.5 DBXT AUDCS 5SG$ ***** -27.0 -0.1 SPDR DJIA 10US$ ***** -26.1 -0.1 DBXT MSTaiwan 10US$ 2219132 words
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Advertisement137 2014-08-19 8 GET THE STRAITS TIMES ON THE GO WHEREVER YOU ARE i K SUBSCRIBE NOW AND CHOOSE ONE OF THE FOLLOWING GADGETS ON THE GO 3 YEAR PLAN 2 YEAR PLAN FULLY REDEEMED Sony SmartWatch2 OR '6A\ 3DJ Enjoy our 30th Anniversary celebrations with a special subscription package from The Straits137 words
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SINGAPORE NEWS
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Article, Illustration316 2014-08-19 9 JAN LEE - By JAN LEE By janlee@sph.com.sg LOCAL IT startup Sypher Labs has received S$589,000 in seed funding for its star product, logistics software VersaFleet. This round of funding is spearheaded by Singa-pore-based incubator firm Get2Volume with co-fund-ing from Singapore’s National Research Foundation, under316 words
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Article, Illustration1005 2014-08-19 9 TEO SI JIA - Oneberry automates labour-intensive jobs of security personnel.TEO JIAreports TEO SI JIA IF SOMETHING needs monitoring, there are now new toys to do it with. Homegrown Oneberry Technologies has put itself in the forefront of the surveillance business, including remote monitoring, by automating the traditionally la-bour-intensivePHOTO: YEN MENG JIIN - 1,005 words
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Article, Illustration449 2014-08-19 9 LEE MEIXIAN - Consultants point to unsold private homes, upcoming ECs in Sembawang By LEE MEIXIAN leemx@sph.com.sg @LeeMeixianBT THE government yesterday released for sale two residential sites one at Lorong Puntong off Sin Ming Avenue and another executive condo (EC) site at Sembawang Road-Canberra Link. BothBT Graphics: Jonathan Goh, Ludwig Ilio; Source: URA - 449 words
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315 2014-08-19 9 CAI YONG - By CAI YONG caiyong@sph.com.sg INDONESIAN business tycoon Tahir, founder of the diversified Mayapada Group, yesterday donated S$1 million towards the establishment of a scholarship for Indonesian nationals at the Singapore Management University (SMU). Each year, one scholarship, worth S$60,000 and valid315 words
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Advertisement86 2014-08-19 9 This profile is the 10th of a series o f features on the 16 finalists of the Emerging Enterprise Award 2014. Jointly presented by The Business Times and OCBC Bank, the Emerging Enterprise Award 2014 recognises promising enterprises and startups which are up to 10 years old and have an86 words
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Advertisement1112 2014-08-19 9 MANSION BAY PTE LTD (Incorporated in the Republic of Singapore) UEN No. *****0483C NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Mansion Bay Pte Ltd (the “Company will be held at 8 Raffles Avenue #01-13F Esplanade Mall Singapore *****2 on Friday, 29 August 2014 at 3.00pm for the1,112 words
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SME Inc
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Article, Illustration906 2014-08-19 10 JOHN BITTLESTON - Companies should be grateful to those who complain as the feedback is a vital message about the health of the enterprise By JOHN BITTLESTON The writer is the chairman, CEO founder mentor of Terrific Mentors International (www. TerrificMentors. com) MANY large organisations have a customer complaintsPHOTO: BLOOMBERG - 906 words
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Article, Illustration1051 2014-08-19 11 CHAN YI WEN - Pixelapse founder says ‘our competitor is email, shared folders, Google Drive’, reportsCHAN CHAN YI WEN IN 2004, he graduated top of his class at Nanyang Polytechnic, with a diploma in information technology. His GPA was 3.97 out of four, and heFILE PHOTO - 1,051 words
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Advertisement25 2014-08-19 11 Get your 5th ‘C’ here Choose from various club memberships or sell yours in CLASS 66 To advertise, call the Print Classified Hotline: 1800-289 998825 words
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Advertisement7 2014-08-19 11 LAI WEEKDAYS 2PM-4PM D facebook.com/kiss92fm _Sfr@kiss92fm www.kiss92.sg7 words
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Advertisement118 2014-08-19 11 YEARS of BUSINESS EXCELLENCE Productivity, Innovation Growth I 1 T m !>■ j L B RESILIENT Seeking to overcome business challenges? Review your management systems and processes to improve operational effectiveness, seize growth opportunities and stay relevant to market trends. "viv:-; FOR 20 YEARS, THE BUSINESS EXCELLENCE (BE) FRAMEWORK HAS118 words
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MALAYSIA/INDONESIA
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Article, Illustration526 2014-08-19 12 Buyers in India boost purchases in July, helping to reduce stockpiles Bloomberg [JAKARTA] Palm oil exports from Indonesia, the world’s biggest producer, probably advanced in July to the highest level this year after India boosted purchases, helping to reduce stockpiles asBloomberg; PHOTO: BLOOMBERG - 526 words
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230 2014-08-19 12 Reuters [KUALA LUMPUR] Chemara Pamea Holdings, a special-purpose acquisition company (SPAC) with no existing assets, plans to list shares on the local bourse in a deal expected to raise RM650 million (S$256 million), according to a draft prospectus filed last week. TheReuters - 230 words
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658 2014-08-19 12 Time may be ripe as inflation is benign, and rates are high Reuters [SINGAPORE] It isn’t as worrisome as in 2013, and yet Indonesia’s currency and bond markets are showing slight signs of investor anxiety over falling export revenues and theReuters - 658 words
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Advertisement608 2014-08-19 12 Advance Your Career With Great Leadership, Networking And Higher Productivity Skills Who should attend: Sales, marketing and working professionals; supervisors, managers, team leaders and other general managers; executives; business owners, and anyone who wishes to achieve higher success in their career. Productivity ar >d Innovation Credit (P/q Claimable 201 4608 words
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DBS ASIAN LEADERS INSIGHTS
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Article, Illustration1352 2014-08-19 13 DENYSE YEOreports - With her helicopter view as a social scientist, diplomat and arts champion, Chan Heng Chee believes Singapore’s biggest challenge today is meeting rising expectations and reconciling differences as the population becomes more diverse. DENYSE YEO reports YEOreports DENYSE YEOreports PROFESSOR Chan Heng Chee is describing1,352 words
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Advertisement197 2014-08-19 13 Asian Insights What began as a technical correction in late July has been complicated by international crises and conflicts. From Ukraine to Gaza to Iraq, these developments add to the reasons already out there for traders not to be in the markets right now. The DBS Chief Investment Office believes197 words
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CHINA
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Article, Illustration743 2014-08-19 14 But analysts divided on whether Beijing has relaxed its grip on the currency Reuters [SHANGHAI] China’s central bank and currency traders have found rare consensus on the yuan’s value after months of widely divergent pricing, but analysts are divided about whetherReuters; PHOTO: BLOOMBERG - 743 words
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275 2014-08-19 14 Reuters [SHANGHAI] German carmaker Daimler AG’s luxury brand division Mercedes-Benz has been found guilty of manipulating prices for after-sales services in China, the official Xinhua news agency reported, citing authorities in Jiangsu province. An array of industries, from milk powder makersReuters - 275 words
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439 2014-08-19 14 AFP [BEIJING] Foreign direct investment (FDI) into China dropped by more than a sixth year-on-year to a two-year low last month, the government said yesterday, but denied any link to Beijing’s multiple probes into foreign companies. FDI which excludes investment inAFP - 439 words
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Advertisement323 2014-08-19 14 Singapore’s leading luxury lifestyle magazine honours 30 individuals who have made a significant impact in their chosen fields. t 5 %r I f M i m Olivia Lum Group CEO and founder, Hyflux John Lim Group CEO and co-founder, ARA Asset Jim Rogers Chairman, Rogers Holdings and Beeland Interests, Inc323 words
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WORLD
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Article, Illustration768 2014-08-19 15 They use P2P apps on smartphones to pay rent, split restaurant bills Bloomberg [NEW YORK] First, they ditched land telephone lines. Then, they cut the cable-TV cord. Now, millennials are chucking their chequebooks and cash. Take Sanket Karuri, a 23-year-old who calls himself theBloomberg; PHOTO: BLOOMBERG - 768 words
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485 2014-08-19 15 Poor demand from Turkey also led to exports falling 0.5% in June from May AFP [BRUSSELS] Economic crisis in Russia and sluggish demand from Turkey weighed on hopes for an export-led recovery in the eurozone in June, official data showed yesterday. Exports from theAFP - 485 words
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477 2014-08-19 15 Industry is making headway after earlier weakness LATEST US DATA Bloomberg [WASHINGTON] Confidence among US homebuilders rose in August to the highest level in seven months, showing the industry is making more headway after weakness earlier this year. The National Association ofBloomberg - 477 words
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Article, Illustration739 2014-08-19 16 This group of 7.5m people is inflating broad measure of underemployment Bloomberg [WASHINGTON] Federal Reserve chair Janet Yellen has a stubborn warning light blinking on her labour market dashboard: a group of Americans larger than Washington state’s population canBloomberg; PHOTO: BLOOMBERG - 739 words
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385 2014-08-19 16 Bloomberg [SYDNEY] A deepening gloom across the largest developed economy to escape recession during the global financial crisis is shaping up as one of the toughest challenges yet for Reserve Bank of Australia chief Glenn Stevens. Australia’s misery index theBloomberg - 385 words
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587 2014-08-19 16 Economists say road back from recession is evening out WP [WASHINGTON] The recovery in America’s job market is finally spreading to industries with good pay after years of being concentrated in fields with low wages. Hiring has picked up steamWP - 587 words
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791 2014-08-19 16 German firms then train them for skilled manual jobs Bloomberg [FRANKFURT] A looming labour shortage is prompting German companies to seek new recruits in an unlikely place the bottom of the class. Kevin Reber, 22, rejected for vocational training because of poor math grades,Bloomberg - 791 words
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458 2014-08-19 16 Firm is on the brink of turning a profit on range of ready-to-eat meals Reuters [TOKYO] Back in 1960, Japan’s Kewpie Corp began selling canned baby food, sensing a chance to catch a wave of young families raising kids in an economyReuters - 458 words
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Article, Illustration883 2014-08-19 17 Brisk corporate earnings growth, robust domestic consumption strengthen region’s appeal Reuters [SINGAPORE] Calling the top in financial markets is never easy. Asian stock and bond markets may appear frothy at their near-record levels after a multi-year rally, but global investors are still bettingReuters; PHOTO: AFP - 883 words
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200 2014-08-19 17 Reuters [LONDON] Some Wall Street banks are drawing up preliminary plans that include moving some of their London-based operations to Ireland to deal with the possible scenario of Britain leaving the European Union (EU), the Financial Times reported, citing people familiar with theReuters - 200 words
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432 2014-08-19 17 It expands 0.9% in April-June from previous 3 months Reuters [BANGKOK] Thailand’s economy expanded 0.9 per cent in April-June from the previous three months, avoiding a technical recession, the planning agency said yesterday. It said that Thailand in the second quarter grew 0.4Reuters - 432 words
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Advertisement1298 2014-08-19 15 The Business Times NOTICES Toll free 1800-289-8822 Email notices@sph.com.sg www.sphclass.com.sg/notices A Bank of India Cations Hip Beyond Banking Head Office: Star House, C-5 G Block, Bandra Kurla Complex, Bandra (East), Mumbai- *****1, India. Singapore: Branch Office: 158 Cecil Street #01-01, #02-01, #09-01 Singapore *****5 FINANCIAL STATEMENTS AS AT 31ST MARCH1,298 words
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EDITORIAL & OPINION
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539 2014-08-19 18 EDITORIAL PRIME Minister Lee Hsien Loong, in his National Day Rally address on Sunday, gave what a number of Singaporeans seem to want: the ability to withdraw more money from their Central Provident Fund (CPF) accounts. As part of the move to introduce more539 words
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Article, Illustration832 2014-08-19 18 PAUL KRUGMAN - THE BOTTOM LINE PAUL KRUGMAN The writer is professor of economics and international affairs at Princeton University, and winner of the Nobel Prize in economics in 2008 NYT A CENTURY has passed since the start of World War I, which many peopleNYT - 832 words
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Article, Illustration1283 2014-08-19 18 HARISH MEHTA - That and other cases raise fears about how a future US president may use military muscle By HARISH MEHTA The writer, a former BT senior correspondent, is a historian who has taught at Canadian universities THE 50th anniversary of theFILE PHOTO - 1,283 words
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Article, Illustration1093 2014-08-19 19 LEON HADAR - There are new signs of the old animosity between the two former political rivals LEON HADAR Washington Correspondent AMERICAN politics and the international system have changed quite a lot since Barack Obama was elected president in 2008. On the domestic political front, the twoPHOTO: AFP - 1,093 words
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Article, Illustration823 2014-08-19 19 DAVID MILIBAND - By DAVID MILIBAND The writer, president and CEO of the International Rescue Committee, was Foreign Secretary of the United Kingdom from 2007 to 2010 Project Syndicate AFRICA is changing dramatically and so are outsiders’ attitudes towards it, with the US finally seeming determined toProject Syndicate; PHOTO: AFP - 823 words
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Article, Illustration873 2014-08-19 19 ROGER COHEN - By ROGER COHEN NYT LONDON is in the midst of a boom so giddy it has parted company with the rest of Britain. Construction is everywhere, from the new towers of the City of London (a global financial centre larger than Wall Street) to theNYT; PHOTO: BLOOMBERG - 873 words
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AVIATION/SHIPPING
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Article, Illustration695 2014-08-19 20 Permian basin producers miss out on first exports of light crude Reuters [NEW YORK] Washington’s decision to allow exports of an ultra light crude offers a potential boon to US producers that will bypass drillers in the Permian basin, because the country’sReuters; PHOTO: BLOOMBERG - 695 words
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Article244 2014-08-19 20 SGX '000 Aug 18 S$ +/-Vol Ch Offshore 0.48 -0.01 126 Chuan Hup Hldg 0.30 unch 1598 '000 Cwt Limited...............1.70 unch 90 Ezra Hldgs 1.12 0.03 2247 First Ship Lea 0.11 unch 542 Grand Banks 0.26 -0.01 186 Jaya Hold Ltd 048 K1Ventures 126 Keppel Corp 10.94 unch244 words
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Article, Illustration504 2014-08-19 20 Reuters [HELSINKI] Loss-making Finnair cut its full-year profit forecast on Friday after posting a weaker-than-ex-pected quarterly result due to delayed cost-cuts and tough market conditions. Stiff competition from discount carriers, high fuel prices and unfavourable exchange rates putReuters; PHOTO: BLOOMBERG - 504 words
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213 2014-08-19 20 Bloomberg [JOHANNESBURG] Airlines should maintain services to Ebola-hit regions which need connections with the outside world in order to fight the disease, the International Air Transport Association (Iata) said yesterday, after more carriers put flights on hold. The industry needs only to screen passengersBloomberg - 213 words
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480 2014-08-19 20 Returns up 21% as airline flies record number of travellers Bloomberg [NEW YORK] Gol Linhas Aereas Inteligentes SA’s planes have never been more filled with passengers. That’s translating into a windfall for bond investors in the biggest airline in Brazil. Its US$500 million ofBloomberg - 480 words
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278 2014-08-19 20 Reuters [SEOUL] A joint venture that includes South Korea’s Hotel Shilla Co Ltd was picked as the preferred bidder to operate a portion of the duty free stores at Macau International Airport. The move helped push up theReuters - 278 words
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Page 20 Miscellaneous
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Miscellaneous329 2014-08-19 20 CRYPTIC CROSSWORD Across 1 Former partner’s place found by address search (11) 7 Shirt, say, no longer wanted with players away? (4-3) 8 Maybe Mohican gets dry and cold in cabin (7) 10 Window makes admirer easy to pick up (8) 11 Beef in hotel consumed by footballer right away329 words
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Article1203 2014-08-19 21 Papua New Guinea Australia New Zealand New Caledonia Fiji all other Pacific Islands Dili (East Timor) Guam (Mariana Islands) Honolulu (Hawaii) SOUTH PACIFIC SERVICE W W W. N G P L J S P. C O M THE CHINA NAVIGATION CO. PTE. LTD. 300 BEACH ROAD #02-02 THE1,203 words
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Page 21 Advertisements
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Advertisement75 2014-08-19 21 Experienced sh;p maintenance Syour services services wanted, heremthe Shipping Times? TO ADVERTISE, CALL JOE WONG AT 9620 1327 The Business Times mt uujihljj mvitj SHIPPING TIMES Legal services required by shippers owners TO ADVERTISE, CALL JOE WONG AT 9620 Can they find your services here in the Shipping Times? THE75 words
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SINGAPORE STOCKS
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Article4043 2014-08-19 22 Transaction date: Aug 18 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil Company Last Sale 97.5 69 ABR 20 5.1 A-Sonic Aero (’000) High Low Buyer Seller Div Gr Yld C'vr 13.74,043 words
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Article383 2014-08-19 23 52-wks Last Vol Day Last Quote Div Gr Yld Net M Cap High Low Company Sale +/-(‘000) High Low Buyer Seller C’vr P/E $mil 32.5 25 t 3Cnergy 500 Last Vol Day Last Quote Div Gr Yld Net M Cap 43.5 28 t Alliance Mineral................................31 unch 2366 31383 words
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Article10427 2014-08-19 23 UNIT TRUST FUNDS UNIT TRUSTS APS Asset Mgt Pte Ltd APS Alpha Fund Cl A!** 1.6/ APS Alpha Fund (USD)!* Aberdeen Asset Mgt Asia Limited 1.28/ Aberdeen Asset Mat Asia Limited Global Emerging Markets!** ...0.9914/ .2 0982/ China Opportunities 2 9614/ EM Local Ccy Bond 0 9157/ AllianceBernstein (S'pore) Ltd.10,427 words
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Article248 2014-08-19 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil Company 4 0.7 OGL Resources A$ A1.2 -0.5 30 1.2 1.2 0.9 3.2 0.2 343 250 TanChongInt HK325 -2 99 325 325 323 325 9.7 3.2 3.2248 words
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Article1111 2014-08-19 23 52-Wk Last Vol Day Last Quote Div GrYld Net MCap High Low Company Sale +/-(’000) High Low Buyer Seller C’vr P/E $mil 118 108.3 ABF SG Bond ETF Last 136.4 119 CIMB APAC Div 100S$D 135.7 -0.2 135.7 135.7 134.4 137.1 109.3 94 CIMB APAC Div 100US$ US109.11,111 words
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FINANCE & COMMODITIES
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Article661 2014-08-19 24 Aug 18 OPEN HIGH LOW SETT VOL OP/INT NIKKEI 225 INDEX FUTURES SPOT *****.50 *****.35 *****.39 Sep14 *****.00 *****.00 *****.00 *****.00 ***** *****4 Dec14 *****.00 *****.00 *****.00 *****.00 2 ***** MSCI TAIWAN INDEX FUTURES SPOT 335.72 335.72 332.88 Aug14 333.60 334.80 331.50 332.40 ***** *****1 Sep14 333.90661 words
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373 2014-08-19 24 In local curr In S$ In US$ dy yr dy yr dy yr Aug 15 Index Change Change Change Change Change Change World Preliminary 1223.2 -0.2 3.3 -0.2 1.7 -0.2 3.1 EAFE Preliminary 951.2 -0.2 -0.5 -0.2 -2.1 -0.2 -0.8 Europe Preliminary 1345.7 -0.4 -0.7373 words
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Article471 2014-08-19 24 Aug 18 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 1.014 5.726 0.696 7.222 56.632 108.824 0.955 9.485 2.940 1.098 93.073 40.701 1.160 9.871 0.842 27.965 29.686 0.557 0.932 Canada 0.986 5.646471 words
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Article37 2014-08-19 24 Aug 18 (S$) 1 mth 0.***** 2 mths 3 mths 0.***** 6 mths 0.***** 9 mths 12 mths 0.***** SWAP Offer rates (S$) 1 mth 1 mth 3 mths 6 mths 6 mths Source: Thomson Reuters37 words
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Article78 2014-08-19 24 Aug 18 TREASURY BILLS Period Issue Maturity Yesterday's Day's code Bid High Low 1-Year BY*****S 02-May-15 0.34 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0W 1.125 01-Apr-16 101.08 5-Year NX*****W 2.5 01-Jun-19 105.8 105.90 105.85 10-Year NY*****H 3.000 01-Sep-24 106.02 106.2578 words
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Article120 2014-08-19 24 Aug 18 GOLD(US$/oz) Aug 18 Aug 15 Hong Kong 1305.00 1316.00 Aug 15 Aug 14 London 1304.74 1312.30 1305.46 1313.05 Source: Thomson Reuters CAST BAR Aug 18 (S$) Selling Buying Kilobar ***** ***** PAMP GOLD BARS (S$) Selling Buying 1gm 78 50 5gm 312 257 10gm 581 517120 words
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Article57 2014-08-19 24 Aug 18 KLCE PALM FUTURES (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Sep 14 2105.0 2107.0 2112.0 2096.0 1042 ***** Oct 14 2090.0 2093.0 2100.0 2084.0 8470 ***** Nov 14 2087.0 2091.0 2098.0 2083.0 ***** ***** Dec 14 2102.0 2110.057 words
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Article156 2014-08-19 24 Aug 18 US$ Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.1590 1.1601 0.9317 0.9318 Canadian dollar 1.1426 1.1440 0.9189 0.9185 Euro 1.6653 1.6668 1.3387 1.3388 NZ dollar 1.0552 1.0565 0.8482 0.8486 Sterling pound 2.0817 2.0835 1.6734156 words
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Article121 2014-08-19 24 As at 9am Aug 18 Singapore dollars to one unit of foreign currency: Currencies Sell Buy Aust dollar 1.187 1.131 Can dollar 1.164 1.120 Euro 1.706 1.625 Sterling pound 2.120 2.039 NZ dollar 1.081 1.040 US dollar 1.270 1.210 Local dollars to 100 units of foreign121 words
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Article158 2014-08-19 24 Aug 18 $S Offer Bid 0vernight 0.08 0.03 1-month 0.3125 0.1875 2-months 0.3750 0.2500 3-months 0.4375 0.3125 Overnight mode: 0.08 US$ Offer Bid 7 days 0.18 0.08 1 month 0.25 0.15 2 months 0.30 0.20 3 months 0.40 0.20 6 months 0.50 0.30 9 months 0.60 0.40 12158 words
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Article109 2014-08-19 24 Aug 15 SOYBEANS (5,000 bu min; US cents/60 lb bushels) Close Previous High/Low Sep 14 1102.50 1098.25 1113.50 1090.75 Nov 14 1052.00 1056.00 1069.00 1047.25 Jan 15 1061.00 1064.75 1077.00 1056.25 Mar 15 1069.00 1072.75 1084.50 1064.25 SOYBEAN OIL (60,000 lbs; US cent/lb) Close Previous High/Low Sep 14109 words
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Article95 2014-08-19 24 Aug 15 COCOA (£/tonne) Close Prev High Low Sep 14 2075 2072 2081 2068 Dec 14 2040 2030 2043 2025 Mar 15 2003 1994 2006 1992 May 15 1985 1976 1987 1974 COFFEE(US$/tonne) Close Prev High Low Sep 14 1951 1945 1954 1923 Nov 14 1962 1956 1966 193595 words
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985 2014-08-19 24 BONDS, WARRANTS EXTENDED SETTLEMENT Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Asia-Pacific Strategic W*****6 5 0.3 1 -53 3.45 47 Asia-Pacific Strategic W*****6 3.6 0.1 6524 1 2 57 Acma Ltd W*****7 Exer Price Ascendas REIT MB eCW*****3 Disc Asiatic Grp(Hldgs) Ltd985 words
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Article70 2014-08-19 24 CRUDE OIL PRODUCTS Aug 15 CRUDE (FOB origin) US$/barrel Close Change Brent blend (1-Mth F) 102.90 0.34 WTI (Near Mth) 97.08 1.54 Dubai (1-Mth F) 100.54 -2.25 Tapis blend 103.33 -2.81 Minas 99.03 -2.81 PRODUCT US$/barrel (FOB S'pore) Close Change Naphtha 96.89 -1.11 Jet Kerosene 115.92 -2.13 US$/barrel OpecOil Basket70 words
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Article22 2014-08-19 24 Aug 18 S$ Bid Offer 1-month 1.2440 1.2450 2-months 1.2440 1.2450 3-months 1.2439 1.2450 6-months 1.2438 1.2448 Source: OCBC22 words
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Article66 2014-08-19 24 Aug-15 Aug-15 Aluminium, 99.7% purity(US$/tonne) Close Previous Cash 1993.85 1986.50 3 months 2000.00 1997.00 Copper, Grade A(US$/tonne) Cash 6891.00 6839.00 3 months 6870.00 6825.00 Lead(US$/tonne) Cash 2202.75 2187.50 3 months 2215.00 2200.50 Nickel (US$/tonne) Cash *****.00 *****.00 3 months *****.00 *****.00 Tin (US$/tonne) Cash *****.00 *****.00 3 months66 words
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PROPERTY
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Article, Illustration577 2014-08-19 25 Tight mortgage lending deters buyers even as local govts ease curbs Bloomberg SHANGHAI Chi na s new-home prices fell in July in almost all cities that the government tracks as tight mortgage lending deterred buyers even as local governments easedBloomberg; PHOTO: REUTERS - 577 words
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456 2014-08-19 25 WP [WASHINGTON] At the Wendy’s corporate headquarters in Dublin, Ohio, real estate director John Crouse is swimming in data about the company’s almost 6,000 fast food restaurants nationwide. Mr Crouse and one other colleague are responsible for building and analysing maps ofWP - 456 words
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280 2014-08-19 25 Reu ters [LONDON] Asking prices for houses in Britain have fallen at the sharpest pace on record for the month of August, led by a drop in London, as the market gets ready for higher interest rates, a survey showed yesterday.Reuters - 280 words
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Article, Illustration495 2014-08-19 26 It plans to invest in Japan, Korea, India and possibly HK and S’pore, adds source Bloomberg [SEATTLE] GreenOak Real Estate LP, started in 2010 by the former heads of Morgan Stanley’s property-in-vestment unit, plans to seek at least US$500 million forBloomberg; PHOTO: FIGUEROA HOTEL WEBSITE - 495 words
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248 2014-08-19 26 MINDY TAN - by MINDY TAN tanmindy@sph.com.sg @MindyTanBT SAVILLS is rebranding its property management arm to Savills Property Management. The unit was previously named SavillsCKH, following the merger of Savills’s property and asset management services with those of Chan Kok Hong Strata Management in August 2011. Chan Kok248 words
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Article, Illustration267 2014-08-19 26 Reuters [NEW YORK] The Sultan of Brunei has made a bid for New York’s Plaza Hotel, Dream Hotel and London’s Grosvenor House hotel, the Wall Street Journal’s website edition reported on Saturday, citing people familiar with the situation. An investmentReuters; PHOTO: REUTERS - 267 words
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Page 25 Advertisements
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Advertisement74 2014-08-19 25 For Lease Robinson Point Flexible sizes Fitted /Bare 1,294 sqft/1,594 sqft/2,400 sqft/4,100 sqft/7,556 sqft Great sizes Fitted /Bare 8,288 sqft/16,576 sqft/24,132 sqft/31,688 sqft High floor with unblock view Beautifully fitted/bare units with regular layout Proximity to amenities and ample parking spaces Short distance to four MRT stations Call8338 2466/ 923674 words
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Advertisement270 2014-08-19 25 Freehold Factories ISKANDAR For Sale savills 10-Min from Second Link Good Layout. Size: 13,000 sq ft 42,000 sq ft Semi-Detached Detached Factory Near Commercial Lifestyle Amenities z Dominic Peters 9825 2101 < CEA Reg, No. R*****IG Savills.COm.sg Brand New Light Industrial off Raya Lebar For Lease 5-min walk to Paya270 words
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Advertisement241 2014-08-19 25 RARE FREEHOLD LANDED DEVELOPMENT SITE S PORE ISLAND COUNTRY CLUf AN ISLAND EX .jOt J ST JOSEPH'S j KHEAM HOCK ROAD INSTITUTION CAMDEN PARK GCBA S PORE CHINESE GIRL'S SCHOOL RAFFLES TOWN CLUB CLUNY COURT BOTANIC garden: SINGAPORE BOTANIC GARDENS Investment Properties 6224 8181 Site area 3,831.8 sq m approximately241 words
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Page 26 Advertisements
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Advertisement195 2014-08-19 26 New Improved: STJobs.sg Tailor your STJobs homepage for a personalised experience. I lE i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i i195 words
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Advertisement515 2014-08-19 27 ~SA!Hty*SS liTmi fa 4i m 6v ssf: < > -i m A a.:“8 8s rniuE marine mharp east SURREY QUAYS LONDON SE16 BRAND NEW LUXURY 1, 2 3 BED APARTMENTS MINUTES FROM THE CITY AND CANARY WHARF* PRICES FROM £380,000* exSS «5*« SSlSliSS s WORLD E legal FEES' FREE FURNITURE515 words
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Advertisement103 2014-08-19 28 HITACHI Inspire the Next n WHY CAN'T WE PUT ENERGY TO SLEEP AT NIGHT?" At Hitachi, we're inspired by challenging questions. That's why we've taken a different approach to help cities face the growing demand for energy. We're committed to finding integrated solutions that not only optimise consumption but contribute103 words
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