The Business Times, 9 December 2015
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2015-12-09
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The Business Times
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Title Section35 2015-12-09 1 THE BUSINESS TIMES 2015 SOCIETY OF NEWS DESIGN EXCELLENCE AWARD BEST IN OVERALL REDESIGN S$1.00 q:h A SINGAPORE PRESS HOLDINGS PUBLICATION wvvw.businesstimes.com.sg U D @BTBreakingnews CO REGN NO ’l*****868E MCI (P) 039/08/2015 Wednesday, December 9,201535 words
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Article149 2015-12-09 1 China trade continued to shrink in November but imports showed some sign of improvement, Customs figures show.TOP STORIES 4 Singapore has been ranked sixth on a list of global economies that entrepreneurs consider to present the best opportunity for starting and running a successful business.TOP STORIES 5 Malaysian149 words
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1024 2015-12-09 1 Jamie Lee - Fintech companies are disrupting traditional financing and banks are eager not to be left behind, which is why tie-ups are on the rise By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore BANKS and financial-technology companies (fintechs) may snuggle up in the years ahead,1,024 words
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1311 2015-12-09 1 Claire Huang - Investigating panel finds deviations from standard procedures in intravenous protocols By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore LAPSES in infection prevention and control practices played a key role in causing the hepatitis C (hep C) outbreak in the renal ward of1,311 words
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Article28 2015-12-09 1 MARKETS Tuesday Change STI 2,876.03 -24.89 KL COMP 1,669.24 -2.76 NIKKEI 225 19,492.60 -205.55 HANG SENG 21,905.13 -298.09 SHENZHEN B 1,249.88 -6.66 DOW (10:45 EST) 17,582.36 -148.1528 words
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Page 1 Advertisements
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Advertisement17 2015-12-09 1 8 "*****1 *****4 LEADING THE CHARGE Trailblazer and new Finance Minister Heng Swee Keat TOP STORIES 217 words
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Advertisement20 2015-12-09 1 CUSTOMER SATISFACTION INDEX Patrons happier with F&B sector SPECIAL REPORT/ 12-13 COST OF CARBON FOOTPRINTS Decarbonising portfolios EXECUTIVE MONEY 3020 words
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Advertisement130 2015-12-09 1 VIETNAM PROPERTY BUZZ S’pore developers gun for bigger slice of Vietnam pie REAL ESTATE 14 ALL PHOTOGRAPHS SHOT ON LOCATION 2 f i i i i < 4 f if ■T mm 11*5 i. IP UN? i ix "s h wsp i I o !.J rrr if f (C stS'.130 words
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TOP STORIES
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Article, Illustration663 2015-12-09 2 Andrea Soh - Masagos says countries’ ground-up pledges must come with this deal to bring the world closer to climate safety By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore THOUGH more than 180 countries have given their commitments for the United Nations’ climate-change talksPHOTO: AFP - 663 words
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Article, Illustration448 2015-12-09 2 KELLY TAY - The Singapore government is embarking on a big push to remake the economy. As chairman of the Committee for the Future Economy, and Singapore’s new Finance Minister, Heng Swee Keat has been tasked with getting the job done. The Business Times takes a look at the man leadingBTGraphics: Kelly Tay, Ludwig Ilio & Gladys Lam - 448 words
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502 2015-12-09 2 Andrea Soh - By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore BRITISH speciality chemicals manufacturer Croda International has completed an £18 million (S$38 million) expansion of its Jurong Island plant that not only more than doubles its production capacity, but also expands its product range to502 words
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Article, Illustration570 2015-12-09 4 Virginie Mangin - But analysts say stronger-than-expected imports suggest that domestic demand could be strengthening By Virginie Mangin btworld@sph.com.sg Beijing CHINA trade continued to shrink in November but imports showed some signs of improvement, customs figures showed, suggesting domestic economic conditions could be improving.PHOTO: BLOOMBERG - 570 words
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647 2015-12-09 4 Anthony Rowley - By Anthony Rowley btworld@sph.com.sg Tokyo JAPAN received a surprise and a half on Tuesday, with news not only of a half-expected upward revision in third-quarter gross domestic product (GDP) meaning the country did not slide back into recession during the period but647 words
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Article, Illustration1254 2015-12-09 4 BLOOMBERG Jakarta A FAULTY component, a poor maintenance regime, bad weather, a critical mistake, a communication failure, 162 people dead. The loss of AirAsia Flight 8501 on a stormy December morning a year ago, fromBLOOMBERG; PHOTO: REUTERS - 1,254 words
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Article647 2015-12-09 5 Mindy Tan - It’s No 6 in a survey on economies that present the best opportunity for starting and running a successful business By Mindy Tan tanmindy@sph.com.sg @MindyTanBT Singapore SINGAPORE is ranked sixth on the list of global economies that entrepreneurs consider to present the best opportunity for starting647 words
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Article, Illustration718 2015-12-09 5 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore US-BASED optical firm Transitions Optical sees room for growth in the AsiaPacific, where sales are rising at a dou-ble-digit clip. While its market share in this part of the world lags behind its stronghold in morePHOTO: TRANSITIONS OPTICAL - 718 words
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Advertisement61 2015-12-09 2 SPACE SALE ENDS THIS WEEKEND! iiii nflnfl TTT Space Furniture Open 10.30am 8pm daily Earn 10 Membership Rewards points for every 77 Bencoolen Street +65 6415 0000 $1.60 spent on your American Express® Cards. Singapore *****3 spacefurniture.asia Visit americaexpress.com.sg/extrarewards. mm nflnn rjnnn ITTTfefe TTTTww MAKE SPACE FOR THE END OF61 words
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Advertisement1061 2015-12-09 5 ONLY FOR WINE INE SELF-STORAGE L OCATED 5 MINUTES FROM ORCHARD ROAD TARTING AT $1.88 PER CASE PER MONTH Cell sizes STARTING FROM 110 CASES 1 Chang Charn Road #04-05/06/07 OC Building (off Leng Kee Road) Singapore *****0 Tel: (65) 6464 9988 SALES GENERAL ENQUIRIES sales@onlyforwine.com.sg www.onlyforwine.com.sg Only For Wine1,061 words
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COMPANIES & MARKETS
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732 2015-12-09 6 ANITA GABRIEL - HOCK LOCK SIEW BY ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT IT IS what it is. Strictly based on entry-exit price dynamics, one loser in the sale of Neptune Orient Lines (NOL) to France’s CMA CGM, will likely be Temasek Holdings. No one quite knows732 words
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Article, Illustration553 2015-12-09 6 Anita Gabriel - By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore THE S$3.4 billion sale of Neptune Orient Lines (NOL) to France’s CMA CGM was embraced by analysts with most recommending investors to take the deal but the stock price behaviour was rather au contraire. NOL shares began theSource: Bloomberg - 553 words
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CORPORATE DIGEST
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Article57 2015-12-09 6 FORMER OCBC chief financial officer Soon Tit Koon, 64, has been appointed a non-executive and independent director of Great Eastern Holdings. “The appointment of Mr Soon, with his broad experience in the banking and financial sector and his familiarity with the insurance business, complements the competencies and skills57 words
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Article61 2015-12-09 6 CREDIT rating agency Fitch has kept its rating for utilities company Singapore Power (SP) at AA- with a stable outlook, it said on Tuesday. Although SP’s standalone rating is just A, which is nearer the lower end of investment grade, Fitch said it raised SP’s rating by two61 words
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Article75 2015-12-09 6 CIVIL engineering company Swee Hong on Tuesday said its scheme of arrangement with its creditors has taken effect. This came after it lodged a copy of the Order of Court with the Registrar on Dec 2. In November, the court approved the scheme, which facilitates Swee Hong’s debt75 words
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Article84 2015-12-09 6 FRASERS Centrepoint Ltd (FCL) announced on Tuesday that it has executed a share subscription agreement with Thailand-listed developer Golden Land Property Development Public Company (Gold) for new ordinary shares in Gold at 7.25 baht per share or 4.97 billion baht (S$196 million). After the transaction, FCL will84 words
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510 2015-12-09 7 Lynette Khoo - The sites have a total land area of 7,125 square metres and have development potential for 248 residential units By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore ROXY-PACIFIC Holdings’ overseas expansion is gathering pace with yet another property acquisition in Australia within a short span510 words
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418 2015-12-09 7 REUTERS Montreal CANADIAN Pacific Railway (CP) on Tuesday revised its bid to buy US railroad operator Norfolk Southern Corp, less than a week after its prior US$28.4 billion proposal was rejected, but the new offer was promptly rejected again. Calgary-based CPREUTERS - 418 words
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Article, Illustration704 2015-12-09 8 R Sivanithy - NOL’s trading resumption helps lift market turnover to S$913 million STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE Straits Times Index on Tuesday slumped to a 24.89-point or 0.86-per cent loss at 2,876.03 in response to an overnight slide on Wall Street andSource: Bloomberg - 704 words
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Article305 2015-12-09 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 238 +3 238/235 271 213 6.1 6026.8 CapitaLand 326 unch 326/317 379 267 11.9 2.8 *****.8 CapitaMall Trust 191 -2 193.5/191 228 184.5 5.7 6637.8 CityDev 715 -5 726/715 1095 712 8.6305 words
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Article75 2015-12-09 8 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 129.5 0.4 *****/***** DBXT Vietnam US$ 2260 49.3 1.6 2788/2139 SIA 1098 41.0 3.9 1291/957 IS Asia BND US 1040 11.3 0.8 1096/1019 Lyxor AsiaRE US$ 892 8.5 0.7 1114/787 BY PERCENTAGE CLOSE UP 52w high/low Full Apex 4.475 words
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Article, Illustration35 2015-12-09 8 STI FTSE ST All-Share ftse ST All-Share index Dec 8,2015 695.66 -5.76 (-0.82%) Current streak 1 day Day high 697.76 Day low 693.74 52-week high 847.98 (Apr 15, 2015) 52-week low 676.13 (Sept 29, 2015)35 words
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Article74 2015-12-09 8 BY CENTS CLOSE DOWN 52w high/low DBXT MSKorea US$ 5060 -204.1 -2.8 6246/4478 GLD US$ ***** -139.4 -1.0 *****/***** JMH USD 4960 -112.6 -1.6 6788/4502 Jardine C&C 3564 -71.0 -2.0 4269.7/2636 JSH USD 2763 -69.0 -1.7 3693/2611 BY PERCENTAGE CLOSE DOWN 52w high/low ChinaSing Inv 0.7 -66.7 -1.4 3.1/0.674 words
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Article82 2015-12-09 8 VOL CLOSE($) CHANGE ChinaSing Inv 100.0 0.007 -0.014 -66.67 Full Apex 130.1 0.044 +0.026 +144.44 Allied Tech 390.0 0.010 +0.002 +25.00 Logistics 10.0 0.295 +0.055 +22.92 Zhongxin Fruit 446.0 0.013 -0.003 -18.75 China Taisan 54.3 0.083 -0.017 -17.00 Infinio 500.2 0.002 -0.001 -33.33 Ace Achieve Info 4,391.1 0.02182 words
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Article467 2015-12-09 8 Kenneth Lim - Compiled by Kenneth Lim Singapore Exchange| NEUTRAL Dec 8 close: S$7.54 Target price: S$8.00 Credit Suisse, Dec 8 WE reduce our earnings by 9 per cent, given continued weak market activity, reducing our FY17 estimated ADT (average daily turnover) to S$1.2 billion. November 2015 volumes continue to be467 words
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Article33 2015-12-09 8 VOLUME Blumont 108,250,200 NOL 70,156,000 Rowsley 35,890,100 Geo Energy Res 31,878,200 Noble 31,234,400 Market volume 1,136,411,000 VALUE NOL 85,787,889 Singtel 84,861,822 DBS Grp 48,467,593 UOB 48,260,889 SIA 38,311,428 Market value 920,179,00033 words
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Article107 2015-12-09 8 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 293 -3 176 295/293 355/280 292/294 DBXT MSRussia US$ US170 -5 37 171/170 235/140 169/170 Lyxor HSI US$ US272 cd -3 27 280/272 361/256 269/276 23.7 DBXT MSINDO us$ US1130 -22 25 1138/1130 1492/911107 words
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Article77 2015-12-09 8 Dec 8 VALUE CLOSE BT OB/OS -372.00 -192.00 BT CADI -*****.00 -151.00 BT 10-day MA -*****.00 -37.00 FTSE ST Mid Cap 673.12 -4.80 FTSE ST Small Cap 403.85 -2.79 FTSE ST All Share 695.66 -5.76 FTSE ST China Top 172.26 -0.94 FTSE ST China 207.63 -2.28 FTSE77 words
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Article, Illustration33 2015-12-09 8 STI MSCI EAFE MSCI EAFE index Dec 7,2015 1,734.43 +2.73 (+0.16%) Current streak 1 day Day high 1,743.11 Day low 1,731.32 52-week high 1,949.49 (May 15, 2015) 52-week low 1,609.50 (Sept 29, 2015)33 words
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Article186 2015-12-09 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 2 7 3 0 1 0 2 8 3 Manufacturing 23 55 25 7 12 9 30 67 34 Commerce 10 23 9 0 8 2 10 31 11 Tpt/Stor/Comms 5 24 5186 words
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Article123 2015-12-09 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 14,294 3,866 18,160 53,408 1,457 54,865 Manufacturing 71,359 37,160 108,519 79,259 3,134 82,393 Commerce 53,501 28,679 82,180 60,191 1,617 61,809 Tpt/Stor/Comms 165,767 130 165,897 265,696 11 265,707 Finance 14,359 6 14,365 144,196 1 144,197 Construction123 words
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447 2015-12-09 9 CURRENCIES BLOOMBERG Edinburgh THE currencies of commodity exporters led declines in the foreign-ex-change market, with Australia’s dollar extending its biggest loss in a month and South Africa’s rand sliding to a record. Canada’s loonie slumped to an 11-year low versus the USBLOOMBERG - 447 words
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FOREX RATES
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Article471 2015-12-09 9 Dec 8 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.979 4.645 0.666 5.609 48.296 100.413 0.891 8.526 3.085 1.088 75.143 34.103 1.019 10.511 0.722 23.746 26.012 0.481 0.724 Canada 1.022 4.747471 words
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Article155 2015-12-09 9 Dec 8 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0184 1.0198 0.7235 0.7240 Canadian dollar 1.0410 1.0419 0.7398 0.7395 Euro 1.5301 1.5316 1.0870 1.0874 NZ dollar 0.9363 0.9376 0.6652 0.6657 Sterling pound 2.1176 2.1198 1.5044 1.5050155 words
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Article21 2015-12-09 9 Dec8 S$ Bid Offer 1-month 1.4087 1.4099 2-months 1.4098 1.4110 3-months 1.4114 1.4125 6-months 1.4141 1.4155 Source: OCBC21 words
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EQUITY BONDS WARRANTS FUTURES
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Article407 2015-12-09 9 Dec 8 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Dec15 *****.00 *****.50 *****.00 *****.50 *****8 *****5 Jan16 *****.50 *****.50 *****.00 *****.00 6067 3555 NIKKEI 225 INDEX FUTURES Dec15 *****.00 *****.00 *****.00 *****.00 *****4 *****3 Mar16 *****.00 *****.00 *****.00 *****.00 ***** ***** MSCI TAIWAN407 words
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206 2015-12-09 9 Most active Dec 8 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Rowsley Ltd W*****3 3.2 0.3 ***** 1 18 10 Ntegrator Intl Ltd W*****3 0.3 -0.1 ***** 1 1 -7 4.67 35 STI 3100 MB eCW*****9 3 -0.5206 words
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365 2015-12-09 9 In local curr In S$ In US$ dy yr dy yr dy yr Dec 7 Index Change Change Change Change Change Change World Preliminary 1294.0 -0.5 1.4 -0.1 4.3 -0.6 -1.5 EAFE Preliminary 1025.9 0.5 4.0 0.7 3.5 0.2 -2.3 Europe Preliminary 1429.5 0.4 3.5365 words
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BANK RATES
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Article154 2015-12-09 9 Dec 8 $S Offer Bid 0vernight 0.05 0.02 1-month 0.9375 0.8125 2-months 1.0 0.875 3-months 1.1875 0.0625 Overnight mode: 0.05 US$ Offer Bid 7 days 0.22 0.12 1 month 0.40 0.20 2 months 0.45 0.25 3 months 0.55 0.35 6 months 0.80 0.60 9 months 1.00 0.80 12154 words
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Article69 2015-12-09 9 Dec 8 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.49 100.54 100.51 5-Year N*****0S 2.000 01-Jul-20 100.19 100.35 100.20 10-Year NX*****Z 2.375 01-Jun-25 98.92 99.05 99.00 15-Year NZ*****F 2.875 01-Sep-30 101.14 101.40 101.13 20-Year NZ*****V 3.375 01-Sep-33 107.569 words
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AGRI METALS ENERGY
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Article193 2015-12-09 9 Dec-7 Price Net change change Last Trade Agricultural Dec-7 CBOT Soybeans (US cents/bu) 882.25 -23.75 -2.62% 14/01/2016 CBOT Soybean Oil (US cents/lb) 30.98 -0.82 -2.58% 14/12/2015 CBOT Wheat (US cents/bu) 470.25 -1.00 -0.21% 14/12/2015 Dec-7 LIFFE Cocoa (£/tonne) 2298.00 11.00 0.48% 14/12/2015 LIFFE Coffee (US$/tonne) 1535.00 -1.00 -0.07%193 words
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Article57 2015-12-09 9 Dec 8 KLCE Palm Futures (RM/MT) Delivery Opening Sett Av Vol Open Month Range Price Price High Low Done Position Dec 15 2200.0 2200.0 2200.0 2190.0 11 2980 Jan 16 2325.0 2303.0 2334.0 2291.0 1667 ***** Feb 16 2404.0 2396.0 2415.0 2380.0 ***** ***** Mar 16 2450.0 2445.057 words
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482 2015-12-09 10 Kelly Tay - This brings three-year returns for the 20 largest active IT stocks on the exchange to 48.6% By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore THE 20 largest active Singapore Ex-change-listed information technology (IT) stocks averaged an 8.3 per cent total return in the482 words
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367 2015-12-09 10 Tan Hwee Hwee - By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore SEMBCORP Marine said it has retained its top position in the industry with a new record high of 34 liquefied natural gas (LNG) vessel repair and upgrade projects this year. The new record achieved by367 words
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Article, Illustration418 2015-12-09 10 Melissa Tan - By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore SEMBCORP Industries has completed an approximately US$200 million expansion to a water and power plant in the United Arab Emirates (UAE), it said in a press release on Tuesday, adding that the expansion has begun commercial operation. TheFILE PHOTO - 418 words
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Article, Illustration538 2015-12-09 10 BLOOMBERG Singapore SINGAPORE’S builders are entering 2016 with another wall of debt coming due, falling confidence and declining earnings. After a record S$9.6 billion of bonds were repaid this year, the industry faces S$6.4 billion of maturities next year, S$2.3 billion in 2017 andBLOOMBERG; PHOTO: REUTERS - 538 words
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Article1792 2015-12-09 11 Transaction date: Dec 8 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil 90 42 8Telecom Last Sale AAT vol ('000) 124 80 AEI Day Low Div C'vr 153 131.5 AIMSAMP Cap Reit Net 175.5 116.5 ARA Asset Mgmt1,792 words
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Article391 2015-12-09 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale 10.1 2.3 t Abundance Intl (’000) High 1 0.3 t Advanced Systems 0.5 +0.1 300 0.5 0.4 13.2 LOW Div 25 4.5 t Alliance Mineral 15.6 +0.1 *****391 words
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Article114 2015-12-09 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last 107.7 77 CIMB APAC Div US$ US77 -1 1 77 77 8.1 1440 991 CIMBASEAN40 S$D 1135 -10 0 1135 1135 vol ('000) High Day 1750 1151 DBXT MSCHINA114 words
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Advertisement80 2015-12-09 6 Eye Level I am the key 4 m m s TURNING PASSION INTO OPPORTUNITY Dream to be an entrepreneur with passion for children and education Seminar Information Date: Saturday, 12 th December 2015 Time: 10am 12.30pm Venue: Eye Level Head Office 3501 Jalan Bukit Merah #01-02 Rubikon S(*****0) (65) 639780 words
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Advertisement129 2015-12-09 6 I want to... Take my career to greater heights with a master’s degree. Future Me Double crown accreditation AMBA and EQUIS Ranked 70th globally and Top 10 UK universities (The Economist's rankings) In the top 1 of all universities worldwide, with a ranking of 77th in the world (QS World129 words
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Advertisement18 2015-12-09 7 Shop second-hand or sell your possessions in CLASS 162 To advertise, call the Print Classified Hotline: 1800-289 998818 words
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Advertisement92 2015-12-09 7 Deutsche Bank db.com Global strength and expertise. At the centre of Asia's markets 'pevfbYm, ■jlL, L I mmsg. si w. V 0# C Bank AGJs authorised und Details about the extent i BaFii ential cf^ur !3 This advertisement has been approved and/or communicated by Deutsche Bank AG or by its92 words
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Advertisement99 2015-12-09 10 V' A 'N X A H r-'-w W Choose from a luxurious medley of gourmet treats at Cafe Noel that will not only add sparkle to your festive parties but also lend a magnificent charm to the season. The Cafe Noel booth is located on Level 2. (Please take the99 words
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Advertisement71 2015-12-09 11 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!71 words
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CUSTOMER SATISFACTION INDEX OF SINGAPORE
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Article, Illustration1263 2015-12-09 12 NARENDRA AGGARWAL - However, the tourism sector, which covers hotels, attractions and travel agencies, sees little improvement in customer satisfaction. BY NARENDRA AGGARWAL THE good news is that customer satisfaction with Singapore’s food and beverage (F&B) sector, which includes restaurants and cafes here, has improved significantly over theSource: Institute of Service Excellence at SMU (ISES) - 1,263 words
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Article, Illustration687 2015-12-09 12 Narendra Aggarwal - By Narendra Aggarwal PROVIDING good service to customers is a big issue for the food-and-bev-erage (F&B) sector, now gripped by a manpower crunch, said Andrew Tjioe, executive chairman of the TungLok chain of popular restaurants. The way around this limitation lies687 words
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278 2015-12-09 12 THE Customer Satisfaction Index of Singapore (CSISG) measures customers’ cumulative satisfaction with companies. The scores are generated based on the econometric modelling of survey data collected from end-users after the consumption of products and services. Sub-sector scores are derived as a weighted average of company278 words
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Article, Illustration436 2015-12-09 12 Narendra Aggarwal - By Narendra Aggarwal MEMBERS of Gen Y are an impatient lot. They want to get to that top rung of the career ladder, and if that doesn’t happen in a hurry, they leave the industry. This is exactly what is happening in the hospitality436 words
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Article, Illustration1242 2015-12-09 13 NARENDRA AGGARWAL - The CSISG not only benchmarks companies but also helps them take proactive action to head off potential problems.BY problems.BY NARENDRA AGGARWAL AS customers’ needs and expectations of the various services they consume are constantly evolving, businesses need to track the changing tastes and desires carefully1,242 words
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Article, Illustration735 2015-12-09 13 Narendra Aggarwal - By Narendra Aggarwal DOING an internship for some months will be useful for young people in deciding their career path, especially if they are considering the food and beverage (F&B) and tourism sectors, says Janet Tan-Collis, chief executive of East West735 words
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Advertisement117 2015-12-09 13 ISES CORPORATE MEMBERSHIP AN AFFILIATION TO SERVICE EXCELLENCE The ISES Corporate Membership Programme brings together a selected network of Singapore's leading companies measured in the CSISG National Study. Membership entitles your organisation the benefits of collaboration on the CSISG national study and survey design together with the Institute of Service117 words
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REAL ESTATE
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Article, Illustration1271 2015-12-09 14 Lynette Khoo - New law removes critical hurdles to foreign property ownership; the ease of getting land still a challenge By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore AFTER almost five years of a housing slump, the Vietnam market is roaring back to life and with1,271 words
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883 2015-12-09 14 Kalpana Rashiwala - But these two regions had suffered bigger price drops last year than the suburbs, says an analyst By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore RESALE prices of non-landed private homes in Core Central Region (CCR) and the city-fringe have been883 words
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Article263 2015-12-09 14 Pictet-Absl Rtn Fxd Inc-HP EUR 03/12/2015 EUR 103,04 Pictet-Absl Rtn Glo Div-P EUR 03/12/2015 EUR 117,46 Pictet-Asian Equities Ex Japan-P USD 04/12/2015 USD 185,07 Pictet-Asian Local Currency Debt-P USD 04/12/2015 USD 143,14 Pictet-Biotech-P USD 03/12/2015 USD 726,70 Pictet-Clean Energy-P USD 03/12/2015 USD 74,14 Pictet-Digital Communication-P USD 03/12/2015 USD 233,30263 words
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Article, Illustration182 2015-12-09 14 Hong Kong HONG KONG Chief Executive Leung Chun-ying said on Tuesday that property cooling measures will stay despite recent signs of a fall in property prices. Speaking ahead of the weekly Executive Council meeting, Mr Leung said it was not the government’s responsibility182 words
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Advertisement68 2015-12-09 14 NOTICES IRENE CB INVESTMENTS LIMITED Business Company Number: *****96 IN VOLUNTARY LIQUIDATION Notice is hereby given that in accordance with the British Virgin Islands Business Companies Act, 2004 (as amended), the voluntary liquidation of Irene CB Investments Limited commenced on 02/12/2015 and that Lia Shiow Jiuan Nicole of 21 Collyer68 words
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BANKING & FINANCE
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Article, Illustration528 2015-12-09 16 Yield on 10-year govt debt rises three basis points to 4.24%, the highest since Nov 24 BLOOMBERG Kuala Lumpur MALAYSIAN bonds fell and the ringgit’s three-day gain petered out after the New Straits Times cited Prime Minister Najib Razak as saying theBLOOMBERG; PHOTO: BLOOMBERG - 528 words
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579 2015-12-09 16 REUTERS Tokyo JAPANESE firms believe the yen is likely to fall further to at least 13-year lows against the dollar next year, a Reuters poll showed, a move that would exacerbate pain for importers and potentially create headaches for policymakers.REUTERS - 579 words
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301 2015-12-09 16 REUTERS New York HSBC is looking to boost investment banking profits by packaging more of its loans into bonds and selling them to investors in the United States. Post-crisis regulations have made it more expensive for banks to retain loans onREUTERS - 301 words
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Article, Illustration742 2015-12-09 16 BLOOMBERG Mumbai INSURERS from Lombard General Insurance Co to American International Group Inc are bracing for a surge in Indian claims to a 10-year high after unprecedented floods last week ravaged Chennai, the city home to factories of FordBLOOMBERG; PHOTO: REUTERS - 742 words
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Advertisement260 2015-12-09 16 ifli: World Open Letter (Announcement: Project Peace Seed 65) ■xmi\ -JM mm*®, SKf* “£SR” 4-^iuiih. “ATtt# AWTfesT M1S& SIS: 4-A. ATA£” T 4” trsT iiaw TfrJffAit fo1ttlMS£6^5WA UfA “WT#T65K£” Ei£: “*PT#TK£” “ATA'A” tft Eifc WTft “WTftTesig” (3) 118” HTSfA. a#s£Mk xsf»*K tffiSWSAIKII: (1) (2) &«#ISI!iJ±£»ig#*miMii “ata£” 2030ttt#AfPTg^ i (A) MfilSfr260 words
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Advertisement2247 2015-12-09 17 NOTICES TOLL FREE 18 0 0-289-8822 I Email n o t i c e s s p h c o m s g I www.sphclass.com.sg/notices ALPHA ENERGY HOLDINGS LIMITED (formerly known as JK Tech Holdings Limited) (Incorporated in the Republic of Singapore) (Company Registration No. *****0813H) NOTICE OF EXTRAORDINARY GENERAL2,247 words
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Advertisement2202 2015-12-09 17 SOUND GLOBAL LTD. (Incorporated in the Republic of Singapore with limited liability) (Company Registration No. *****5422C) Hong Kong Stock Code: ***** NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the annual general meeting of SOUND GLOBAL LTD. (the “Company”) will be held at United Conference Centre, 10/F, United2,202 words
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ENERGY & COMMODITIES
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Article, Illustration461 2015-12-09 18 Tan Hwee Hwee - Offshore platform contract awarded to Malaysia Marine Heavy Engineering after months of delay By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore PETRONAS has sanctioned the F12 field development planned under the Kumang Cluster Phase 2 project, which is intended to461 words
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388 2015-12-09 18 BLOOMBERG Sydney WOODSIDE Petroleum Ltd abandoned its US$8 billion offer for Papua New Guinea-focused Oil Search Ltd almost three months after the bid was rejected, dropping plans for what would have been the biggest energy takeover in Asia. Oil Search tumbledBLOOMBERG - 388 words
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559 2015-12-09 18 Neil Behrmann - By Neil Behrmann btworld@sph.com.sg London OIL prices are flirting with Great Recession lows following last week’s fractious Opec meeting. Brent oil prices have plunged 5 per cent from US$45.1 early last Friday to US$42.9 a barrel while US West Texas559 words
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481 2015-12-09 18 REUTERS Port Hedland, Australia AQUA farms growing super foods could soon materialise in the rust-red dust of the Australian outback, alongside wheat fields, haystacks and cattle herds, as tumbling iron prices drive the minerals-rich Pilbara region to transform itself. OnREUTERS - 481 words
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629 2015-12-09 18 Oversupply to continue in the new year; Malaysia, region’s biggest exporter, may be hurt the most BLOOMBERG Hong Kong THE world’s biggest oil consumers could hardly have hoped for a better Opec meeting. The group that supplies most of Asia’s crudeBLOOMBERG - 629 words
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Advertisement13 2015-12-09 18 Sing-dollarcorporate bondissuance may slidefurther nextyear To subscribe, call 6388-3838 or go to sphsubscription.com.sg13 words
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TECHNOLOGY
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Article, Illustration842 2015-12-09 19 The latter is said to be considering selling its Japanese portal stake BLOOMBERG Tokyo MASAYOSHI Son has an US$8.6 billion dilemma on his hands. His SoftBank Group Corp is the largest investor in Yahoo Japan Corp, controls several board seats and wields more powerBLOOMBERG; PHOTO: BLOOMBERG - 842 words
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780 2015-12-09 19 Apple and Facebook have designed technology that even they can’t break into, because it’s more secure BLOOMBERG New York PRESIDENT Barack Obama’s Oval Office speech on Sunday night on combating the Islamic State (ISIS) included a plea for “high-tech and law enforcementBLOOMBERG - 780 words
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Article, Illustration888 2015-12-09 19 Josh Barro - By Josh Barro NYT New York MARK Zuckerberg’s announcement last week that he and his wife Priscilla Chan would dedicate 99 per cent of their wealth to the Chan Zuckerberg Initiative drew a remarkable combination of adulation and scorn. Adulation becauseNYT; PHOTO: AFP - 888 words
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221 2015-12-09 19 BLOOMBERG New York BLUE Coat Systems Inc, a provider of Internet security software, is taking pitches from investment banks for an initial public offering (IPO) just nine months after being acquired by private equity firm Bain Capital Partners LLC, peopleBLOOMBERG - 221 words
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Page 19 Advertisements
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Advertisement767 2015-12-09 19 THE BUSINESS TIMES NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF MARINE CONTRACTING PTE. LTD. (In Provisional Liquidation) Reg. No. 201B*****K (Incorporated in the Republic of Singapore) NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATORS PURSUANT TO SECTION 291 (4) OF THE COMPANIES ACT, CAP.50767 words
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CONSUMER
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446 2015-12-09 20 BLOOMBERG Hanoi COFFEE farmers in Vietnam, the top producer of robusta beans used by Nestle SA, are harvesting more slowly than usual because of low prices. About 32 per cent of the 2015-16 crop was collected in OctoberBLOOMBERG - 446 words
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Article, Illustration693 2015-12-09 20 Japan securities regulator says the company misled investors by filing false financial statements BLOOMBERG Tokyo TOSHIBA Corp plans to restructure its operations and sell additional assets after Japan’s securities regulator recommended fining the company about 7.37 billion yen (S$84 million)BLOOMBERG; PHOTO: REUTERS - 693 words
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611 2015-12-09 20 NYT New York PROCTER Gamble (P&G), the biggest advertiser in the world, announced on Monday that it was moving the bulk of its North American media buying and planning business to Omnicom from Publicis Groupe, in a sweeping change that underscores theNYT - 611 words
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Article, Illustration617 2015-12-09 20 BLOOMBERG New York GENERAL Electric Co (GE) may look outside the United States or to private equity (PE) to find a new buyer for its appliances business after abandoning plans to sell the unit to Electrolux AB. The industrial giant stillBLOOMBERG; PHOTO: REUTERS - 617 words
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Advertisement55 2015-12-09 20 BuildTech Mandalay 2016 Mandalay's Leading Building Technology and Supply Event DECEMBER 2016 Mandalay City Hall, Myanmar Mandalay’s FIRST Building Construction Trade Exhibition! DISCOVER MARKET OPPORTUNITIES! A PST PREMIUM SPACES AVAILABLE! Contact us today at btmandalay@sph.com.sg or call +65 6319 4037 Visit www.btmandalay.com for more information! Organised by: Co-Organised by: (sphere55 words
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Advertisement70 2015-12-09 20 ITSHOW 2016 10-13 March 2016 SUNTEC Singapore Levels 3,4 6 L3,11am-9pm L4&L6,12-9pm itshow.sg fb.com/ComexITShow NOW! Singapore’s LARGEST I.T. consumer electronics exhibition. Thousands of consumers will be there to buy your tech products services! Beverage Fair, COMEX, World Book Your Space NOW! *Limited Booths Available Call *****620 or email to sales@exhibitsinc.com.sg70 words
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Advertisement65 2015-12-09 20 cc The day you can’t adjust and change, that day, you begin to shrivel and die that’s all. The day I’m unable to learn new things, I’m out of touch with the world, then I’m useless.” NTUC dialogue on July 23, 2003 Catch these and other piquant quotes from Lee65 words
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GOVERNMENT & ECONOMY
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435 2015-12-09 21 Supporters argue it can avoid a repeat of failings of the financial markets which led to 2008 crisis AFP Brussels EUROZONE nations on Tuesday failed to secure a deal on a controversial financial transactions tax but said they aimed for anAFP - 435 words
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696 2015-12-09 21 Pauline Ng - But many Malaysians and opposition politicians remain doubtful given his refusal to name the donor By Pauline Ng btworld@sph.com.sg Kuala Lumpur AHEAD of Umno’s annual assembly on Tuesday, Prime Minister Najib Razak sought to convince party members of his probity696 words
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784 2015-12-09 21 Economists are banking on cheaper fuel to spur spending by consumers and companies in 2016 BLOOMBERG London THE world’s central bankers just got a helping hand from the world’s oil ministers. As the European Central Bank delivers less monetary stimulus thanBLOOMBERG - 784 words
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Article, Illustration593 2015-12-09 21 BLOOMBERG Madrid EURO-AREA growth in the third quarter was bolstered by private consumption and government spending as exports suffered from a slowdown in global trade. Gross domestic product in the 19-nation bloc rose 0.3 per cent in the three months through SeptemberBLOOMBERG; PHOTO: BLOOMBERG - 593 words
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Page 21 Advertisements
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Advertisement48 2015-12-09 21 M it v t-W .V sjolu 0V3U 0NVGS N IMJ >fl s e T c* -V 1% o m 2Owncars? If you're looking for a landed home with a large enough driveway, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988.48 words
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ENTERPRISE 50
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Article, Illustration776 2015-12-09 22 Mindy Tan - By Mindy Tan tanmindy@sph.com.sg @MindyTanBT THE 50 private companies honoured at the Enterprise 50 (E50) Awards dinner on Nov 19 for contributing to economic development in Singapore and abroad came dressed to the nines for the black-tie event held at the Resorts World Sentosa. RotatingPHOTOS: YEN MENG JIIN, LAURA NG and GLADYS LAM - 776 words
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TRANSPORT
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727 2015-12-09 24 DAVID HUGHES - It’s a challenge just complying with the raft of environmental regulatory measures in the pipeline STRAIT TALK BY DAVID HUGHES A FEW weeks ago, the Maritime and Port Authority of Singapore (MPA) announced that its Green Ship Programme (GSP) had reached a new727 words
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Article, Illustration635 2015-12-09 24 REUTERS London BRITISH Prime Minister David Cameron is unlikely to give final approval for expanding Heathrow Airport as expected this month, further delaying the politically charged decision which has been 25 years in the making, an industry source said. Mr Cameron had promisedREUTERS; PHOTO: BLOOMBERG - 635 words
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541 2015-12-09 24 WP Washington A SHARPER decline in US railroad cargo this quarter points to weak spots in the US economy as a strong dollar crimps exports, retailers whittle down excess inventory and energy investment stalls. Union Pacific, Warren Buffett’s BNSFWP - 541 words
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698 2015-12-09 24 REUTERS Paris RENAULT is drawing up proposals to relinquish some power over its partner Nissan, sources said, and is shoring up support ahead of a likely boardroom clash with the French government. Renault remains on collision course with its biggest shareholderREUTERS - 698 words
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431 2015-12-09 24 To do so, it has to speed up output by 24 aircraft, or almost 50%, in December BLOOMBERG Toulouse AIRBUS Group SE may struggle to meet its goal of delivering more jetliners this year than it did in 2014,BLOOMBERG - 431 words
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Article2103 2015-12-09 25 MONTREAL 10 120 29/7 30/7 4/8 MONTREAL 10 120 29/7 30/7 4/8 EASTERN CAR LINER, LTD SPECIALIZE IN RORO HEAVY LIFT INTRA-ASIA SERVICE VOY Ramp(KT) Lifting(KT) SIN PG PKL KUC JKT SUR ADMIRE CORAL 005 60 13/12 15/12 19/12 21/12 EMERALD CORAL 095 60 26/12 28/12 31/12 3/12,103 words
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Page 25 Advertisements
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Advertisement96 2015-12-09 25 USE THIS SPACE TO SELL CALL JOE WONG AT 9620 1327 TO ADVERTISE The Business Times SHIPPING TIMES Make A Splash In The Maritime World Via stfi3lwitime.coM Ahoy there! If you are in a business pertaining to any sector of the maritime industry, log on to SPHMaritime.com for a sea96 words
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OPINION
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601 2015-12-09 26 EDITORIAL AS recently as August 2014, oil prices were just above US$100 per barrel. On Tuesday, they hovered at close to US$40, a roughly 60 per cent drop in 16 months. After the meeting of the Organization601 words
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Article, Illustration847 2015-12-09 26 Anthony Rowley - THE BOTTOM LINE By Anthony Rowley Tokyo WHATEVER happened to the idea of Asian monetary cooperation and of an Asian common currency, dreams that appear to have drifted beyond reach or even contemplation in recent years? Has this “brief candle” (to quote Shakespeare)847 words
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Article, Illustration1443 2015-12-09 26 Leon Hadar - Despite fresh criticism of his stance on ISIS, Obama hasn’t proposed new policies to deal with the terror outfit By Leon Hadar THE American people feel a sense of vulnerability in the face of the threat of terrorism. Their president is criticised forPHOTO: REUTERS - 1,443 words
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899 2015-12-09 27 Simon Johnson - COMMENTARY By Simon Johnson T The writer is a professor at MIT’s Sloan School of Management and the co-author of “White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You” Washington, DC AT LEAST since the fall899 words
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646 2015-12-09 27 Thomas Costerg - By Thomas Costerg T The writer is a New York-based senior economist at Standard Chartered Bank THE US Federal Reserve is likely to raise interest rates for the first time in nine years at its next monetary decision-making meeting on Dec 15-16, but646 words
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346 2015-12-09 27 S Kumar - Does SGX care about small investors LETTER TO THE EDITOR S Kumar I REFER to R Sivanithy’s incisive commentary, “SGX MTP extension a timely move” (BT, Dec 4). The points made are certainly pertinent. While the extension does provide companies valuable time to explore options, the reality on the ground346 words
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Article, Illustration1313 2015-12-09 27 ANDREW HAMMOND - As Iran flexes its economic muscle in Opec and internationally, a key question is what this enhanced power will mean for its political posture in the region and beyond. BY ANDREW HAMMOND beyond.BY ANDREW HAMMOND T The writer is an associate atPHOTO: REUTERS - 1,313 words
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LIFE & CULTURE
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Article, Illustration984 2015-12-09 28 Congress and the administration are scrambling for ways to plug any perceived security vulnerabilities and reassure nervous Americans NYT Washington WHEN President Barack Obama on Sunday blamed a special visa travel programme for allowing one of the San Bernardino terroristsNYT; PHOTO: AFP - 984 words
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505 2015-12-09 28 REUTERS Seoul AFTER years of heading abroad in droves to study, more young South Koreans are opting for education at home as expensive overseas degrees no longer provide an edge in a tough job market and are even a liability. Recruiters and studentsREUTERS - 505 words
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408 2015-12-09 28 NYT Miami Beach THE annual Art Basel extravaganza, one of the largest art fairs in the world, ended on Sunday after being swamped with almost ceaseless rain for most of its four-day incarnation. Outdoor exhibitions were cancelled or pulled inside;NYT - 408 words
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Article, Illustration203 2015-12-09 28 Arthur Lee - By Arthur Lee arthurl@sph.com.sg Singapore ALL I want for Christmas is some stationery, a school bag and shoes, wrote 11-year-old Isham. For nine-year-old Wei Yong, it was a school bag, stationery and water bottles. Theirs were two of many other203 words
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Page 28 Miscellaneous
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Miscellaneous342 2015-12-09 28 CRYPTIC CROSSWORD Across 1 Unpleasant bunch’s dismissive attitude (4,6) 6 Labour withdrawn (4) 10 Try to walk like a crab and slide about (5) 11 No longer an individual to esteem, that’s clear (9) 12 One who talks one round to compose some music (8) 13 Clean up in the342 words
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Advertisement98 2015-12-09 29 1 1 i ffttf f ♦»*t f> n rrf 0 e 0 i i Hill i ig€/$?! /a X 4 T THERE'S FOLLOWING MARKET TRENDS LWTT'ING URVE Trade CFDs with customisable, streaming charts, plus fully integrated ProRealTime analysis tools and automated strategies with MetaTrader 4. For more than a trading98 words
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EXECUTIVE MONEY
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Article, Illustration1220 2015-12-09 30 GENEVIEVE CUA - The concern is that the price of emissions will escalate in the form of carbon tax or other more onerous regulation. By GENEVIEVE CUA By GENEVIEVE CUA A SENSE of urgency on the financial impact of carbon emissions is prompting some institutional investors to1,220 words
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Article, Illustration937 2015-12-09 30 NYT Washington CLIMATE change has finally gotten the attention of world leaders, who have convened in Paris for a twoweek conference on how to combat global warming. But investors, it seems, continue to struggle with connecting their desire for a better planetNYT; PHOTO: NYT - 937 words
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430 2015-12-09 30 ON THE RADAR GLOBAL mutual funds continued to sell more Singapore stocks than they bought, but the gap has narrowed in the three months to Dec 2. This week we focus on all the stocks listed on Singapore Exchange. Based on the top five430 words
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Article, Illustration877 2015-12-09 29 They maintain that their market-based solution, despite its stumbles, still offers the best way forward BLOOMBERG New York TWO decades ago, Richard Sandor had a grand plan to reduce the pollution that causes global warming and maybe get rich in the process. The rich part worked.BLOOMBERG; PHOTO: REUTERS - 877 words
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565 2015-12-09 29 NYT Washington HUMANS don’t behave like computers. That makes life interesting, but it has a serious downside for economists: It is exceedingly difficult to predict the short-term directions of major markets, even when events seem to be entirely predictable. The forthcoming decisionNYT - 565 words
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