The Business Times, 7 January 2016
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2016-01-07
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The Business Times
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Title Section22 2016-01-07 1 THE BUSINESS TIMES S$1.00 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BTBreakingnews CO REGN NO *****2868E MCI (P) 039/08/2015 Thursday, January 7, 201622 words
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Article, Illustration228 2016-01-07 1 A fragile economic climate awaits companies as they face weakening export demand in the coming months, going by the latest Nikkei Singapore Purchasing Managers’ Index. TOP STORIES 5 Collaboration among government agencies still needs to be ironed out as Singapore’s builders look to improve their construction productivity. TOP228 words
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1042 2016-01-07 1 Lee U-Wen - It suggests investing CPF funds in the local bourse and appointing a minister for local enterprises, among others SINGAPORE’S FUTURE ECONOMY By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore INVEST Singapore workers’ pension funds in the stock market. Appoint a minister1,042 words
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Article, Illustration803 2016-01-07 1 Siow Li Sen - Markit sees tiny 0.3% rise in payout this year; local banks will still account for biggest share of pool By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore AS if the news isn’t bad enough already, retirees here should brace themselves for it seemsSource: Markit - 803 words
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Article27 2016-01-07 1 Wednesday Change STI 2,804.27 -29.96 KL Comp 1,667.97 +2.27 Nikkei 225 18,191.32 -182.68 Hang Seng 20,980.81 -207.91 Shenzhen B 1,272.09 +18.80 Dow (10:45 EST) 16,937.38 -221.2827 words
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Advertisement36 2016-01-07 1 8 "*****1 *****4 TI1E BUSINESS TIMES L f I Villeret Collection ]B 1735 BlancpaiN MANUFACTURE DE HAUTE HORLOGERIE BLANCPAIN BOUTIQUE MARINA BAY SANDS SHOPPES 2 BAYFRONT AVENUE #B2M-237 (CASINO LEVEL) SINGAPORE *****2 TEL 6634 8771 www.blancpain.com36 words
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Advertisement12 2016-01-07 1 SHOPHOUSES value of shophouse transactions rises 8% in 2015 REAL ESTATE 1512 words
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Advertisement39 2016-01-07 1 CURRENCIES ON EDGE S$ down sharply; Fall in RM could set tone for more weakness top stories 4 FUNDS IN PLAY APS a star performer in 2015 COMPANIES MARKETS 8 Build entrepreneurial spirit early in schools: SBF, Page 539 words
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Page 2 / 3 Advertisements
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TOP STORIES
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890 2016-01-07 4 Melissa Tan - S’pore economy will also go through its “trickiest and most sensitive” transformation for a long time to come By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore 2016 will be a year of “currency wars” and a yuan depreciation could lead to more corporate defaults890 words
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Article, Illustration424 2016-01-07 4 Siow Li Sen - CURRENCIES ON EDGE By Siow Li Sen lisen@sph.com.sg @SiowLiSenBT Singapore THE Singapore dollar fell sharply on Wednesday after a weaker-than-ex-pected yuan fixing by China’s central bank. The SGD was quoted at a low of 1.4342 to the US dollar atSource: Bloomberg - 424 words
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637 2016-01-07 4 Anita Gabriel - By Anita Gabriel anitag@sph.com.sg @AnitaGabrielBT Singapore THE gathering speed in the weakening of the Chinese yuan, stubbornly low oil prices and stronger greenback amid rising tension in the Middle East has hit Asian currencies badly, although none so hard as637 words
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673 2016-01-07 4 Anthony Rowley - By Anthony Rowley btworld@sph.com.sg Tokyo WITH China’s growth expected to slow further this year, even as some other major emerging markets remain in recession, global growth will depend critically upon continued strength in the advanced economies, the World Bank said in its673 words
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453 2016-01-07 4 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore THE global aerospace and defence (A&D) industry is expected to return to growth in 2016 with total sector revenues to expand 3 per cent, after contracting in 2015. Factors driving the bullish outlook include a pick-up in453 words
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Article, Illustration548 2016-01-07 5 Soon Weilun - Nikkei Dec PMI shows 7th month of positive business conditions but costs are rising, and new orders stagnating By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore THE private sector closed 2015 on a slightly positive note, with business conditions remaining largely healthy lastSource: NIkkei, Markit - 548 words
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605 2016-01-07 5 Lee U-Wen - SINGAPORE’S FUTURE ECONOMY By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Singapore THERE is a need to continue to foster a more entrepreneurial mindset and culture in Singapore, and this effort could start as early as primary school, the Singapore Business Federation (SBF) said on Wednesday.605 words
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Article, Illustration1082 2016-01-07 6 Lee Meixian - Tharman, on a tour of NTU’s new student hostels, says regulations and cross-agency collaboration need to be ironed out to boost building productivity By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore REGULATIONS and collaboration among various government agencies still need toPhotos: NTU, BCA, Singapore Piling & Civil Engineering; Source: NTU, BCA - 1,082 words
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292 2016-01-07 6 Lee Meixian - By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore BUILDERS of tunnels may soon find themselves subject to the same building guidelines as property developers. The Building and Construction Authority (BCA) on Wednesday said it will expand the existing “buildability appraisal framework” to include tunnelling projects;292 words
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466 2016-01-07 6 Jacquelyn Cheok - By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore ASIA’S first programme to train people in venture-capital management has been launched, marking the first of many talent-development initiatives to be rolled out in Singapore this year, which will go towards boosting the startup ecosystem.466 words
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406 2016-01-07 6 Samuel Ee - By Samuel Ee samuelee@sph.com.sg Singapore REPLACEMENT buyers rejoiced on Wednesday, when the small-car category got off to a good start in 2016 by plunging more than S$9,000 to a 41/2-year low in the first certificate of entitlement (COE) bidding exercise of406 words
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Advertisement45 2016-01-07 4 VCCIRCLE Training VALUATION AND FINANCIAL ANALYSIS WIT -A PROF. BALA DHARAN VISITING PROFESSOR HARVARD LAW SCHOOL SRIVIDYA GOPALAKRISHNAN MANAGING DIRECTOR DUFF PHELPS SINGAPORE ROY LING CHUNG YEE MANAGING DIRECTOR RL CAPITAL MANAGEMENT 21-22 Jan'16 Singapore THE Contact: training@vccircle.com or Call: +91-120-*****11 VCCIRCLT +91-********** www.training.vccircle.com Company45 words
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Advertisement180 2016-01-07 5 K JO fa VOLVO ■r- V »li h Jr >^l [ALLY LUXURIOUS. Take luxury to new heights with our flagship 7-seater the All-New Volvo XC90. Enjoy exceptional comfort with an interior handcrafted from exquisite materials. Or be charmed by its striking exterior, now available with the powerful T5 Drive-E engine.180 words
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Advertisement17 2016-01-07 6 Choose from Prime Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Tenders Auctions Notices17 words
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Page 7 Advertisements
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COMPANIES & MARKETS
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Article, Illustration717 2016-01-07 8 KENNETH LIM - HOCK LOCK SIEW BY KENNETH LIM kenlim@sph.com.sg @KennethLimBT THE SINGAPORE equity market now has clarity on how the Singapore Exchange (SGX) will assess applications from Mainboard companies seeking to transfer to the Catalist board. The good news is that the market regulatorFILE PHOTO - 717 words
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Article, Illustration987 2016-01-07 8 Cai Haoxiang - FUNDS IN PLAY By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore AS fund managers compile their performance data for 2015 these two weeks, homegrown manager APS Asset Management is likely to come out tops among Asia-focused funds. The company’s long only China A Share FundPHOTO: ARTHUR LEE - 987 words
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463 2016-01-07 8 Lynette Khoo - By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore LVMH Moet Hennessy Louis Vuitton SE, the world’s largest luxury goods maker, is combining its private equity (PE) and real estate investment units with US private equity firm Catterton to form the world’s largest global463 words
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Article, Illustration606 2016-01-07 10 Claire Huang - Phillip Capital-backed firm buys Raffles Corp asset, expects 3 more deals this quarter By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore SINGAPORE-based corporate services provider In.Corp Global has acquired the secretarial, accounting and tax practices of Raffles Corporate Advisory as part of wider ambitions to become aPHOTO: LAURA NG - 606 words
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458 2016-01-07 10 Melissa Tan - By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore SHARES of postal and e-commerce group Singapore Post took an unexplained and dramatic dive on Wednesday to their lowest point in 20 months, drawing a query about its unusual trading activity from the Singapore458 words
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460 2016-01-07 10 Cai Haoxiang - By Cai Haoxiang haoxiang@sph.com.sg @HaoxiangCaiBT Singapore SHAREHOLDERS and bondholders of beleaguered upstream fisher and fishmeal producer China Fishery Group might get a reprieve now that the Hong Kong High Court has put a halt to its liquidation process. The latest court action,460 words
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384 2016-01-07 11 Jamie Lee - Review by independent consultant suggests no impropriety in related party deals highlighted by anonymous report By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore STUNG some six months ago by an anonymous short-selling report that alleged wrongdoing in certain deals linked to its controlling shareholder,384 words
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279 2016-01-07 11 Grace So - By Grace So graceso@sph.com.sg Singapore REGIONAL clean air solutions company Eindec Corporation has launched its initial public offering (IPO) for a Catalist listing. Eindec, a spin-off from Weiye Holdings, said that it is placing out 35.8 million new shares at S$0.21 each to raise279 words
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258 2016-01-07 11 BLOOMBERG Kuala Lumpur AIRASIA Bhd, South-east Asia’s biggest budget carrier, plans to raise as much as US$1 billion under a multicurrency medium-term note programme to refinance debt and buy airplanes after last year’s plunge in the Malaysian ringgit pushedBLOOMBERG - 258 words
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421 2016-01-07 11 Gillian Tan - By Gillian Tan BLOOMBERG New York NEW World Development now has a price tag on its biggest dealmaking misstep. The Hong Kong conglomerate offered on Wednesday to take its Chinese unit private for US$2.7 billion, about US$350 million more than if itsBLOOMBERG - 421 words
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Article, Illustration63 2016-01-07 12 STI Catalist Straits Times index Jan 6,2016 2,804.27 -29.96 (-1.06%) Current streak 5 days Day high 2,844.06 Day low 2,800.78 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,787.94 (Sept 29, 2015) FTSE ST Catalist index Jan 6,2016 492.54 -2.74 (-0.55%) Current streak 7 days Day high 497.23 Day low63 words
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Article, Illustration635 2016-01-07 12 R Sivanithy - The People’s Bank of China cut daily fixing for the currency to lowest level since April 2011, rattling region’s markets STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE local stock market continued to be plagued by weak sentiment on Wednesday as the Straits Times IndexSource: Bloomberg - 635 words
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Article303 2016-01-07 12 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 227 +1 229/225 271 213 6.4 5962.7 CapitaLand 326 -3 330/323 379 267 11.9 2.8 *****.8 CapitaMall Trust 192.5 -1.5 195.5/192 228 184.5 5.6 6689.9 CityDev 754 +5 768/750 1095 695 9.1303 words
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Article37 2016-01-07 12 VOLUME Forise Intl 74,183,300 Moya Asia R 55,857,400 Xpress 46,761,600 Luzhou Bio-Chem 43,920,900 ChinaSports 40,845,100 Market volume 1,359,983,000 VALUE Singtel 102,778,665 DBS Grp 71,649,423 Keppel Corp 58,502,394 UOB 56,319,222 Global Logistic 54,182,756 Market value 1,006,213,00037 words
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Article114 2016-01-07 12 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 287 -2 516 290/287 355/280 286/287 IS MS INDIA US$ US656 -11 377 667/656 1000/639 656/661 82 DBXT MSRussia US$ US162 70 162/162 235/155 161/162 DBXT Vietnam US$ US2276 +10 31 2277/2245 2786/2139 2245/2276114 words
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Article77 2016-01-07 12 Jan 6 VALUE CLOSE BT OB/OS -25.00 -154.00 BT CADI -*****.00 -115.00 BT 10-day MA -*****.00 -2.00 FTSE ST Mid Cap 661.99 -4.36 FTSE ST Small Cap 403.16 -2.17 FTSE ST All Share 680.52 -6.21 FTSE ST China Top 167.09 -2.83 FTSE ST China 203.76 -3.41 FTSE77 words
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Article, Illustration34 2016-01-07 12 STI FTSE ST All-Share FTSE ST All-Share index Jan 6,2016 680.52 -6.21 (-0.90%) Current streak 1 day Day high 688.46 Day low 680.22 52-week high 847.98 (Apr 15, 2015) 52-week low 676.13 (Sept 29,2015)34 words
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Article, Illustration33 2016-01-07 12 STI MSCI EAFE MSCI EAFE index Jan 5,2016 1,666.74 -5.15 (-0.31%) Current streak 2 days Day high 1,681.77 Day low 1,660.90 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 2016-01-07 12 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 6 6 1 0 1 0 6 7 1 Manufacturing 28 46 23 6 12 6 34 58 29 Commerce 12 22 15 5 6 4 17 28 19 Tpt/Stor/Comms 6 20 8186 words
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Article123 2016-01-07 12 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 24,298 4,399 28,697 94,126 1,299 95,425 Manufacturing 300,574 46,968 347,542 94,605 3,210 97,815 Commerce 73,052 27,777 100,829 70,578 1,322 71,900 Tpt/Stor/Comms 142,916 502 143,418 216,536 39 216,575 Finance 22,307 58 22,365 185,616 6 185,622 Construction123 words
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Article79 2016-01-07 12 VOL CLOSE($) CHANGE CFM 79.9 0.047 +0.011 +30.56 AIM 15.9 0.255 -0.070 -21.54 EcoWise 14,609.6 0.039 -0.004 -9.30 TheHourGlass 3,631.6 0.710 -0.070 -8.97 Sunlight 200.0 0.015 -0.004 -21.05 Creative 133.6 1.380 +0.235 +20.52 Moya Asia 17,608.6 0.034 +0.001 +3.03 Luzhou Bio-Chem 43,920.9 0.044 -0.003 -6.38 Green Build 112.079 words
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Article74 2016-01-07 12 BY CENTS CLOSE UP 52w high/low GLD US$ ***** 117.5 0.8 *****/***** Creative 138 23.5 20.5 189/85 DBXT MSINDO us$ 1175 18.6 1.1 1492/911 DBXT S&P Short US$ 2182 17.2 0.6 2393/2086 Jardine C&C 3441 15.0 0.4 4258/2636 BY PERCENTAGE CLOSE UP 52w high/low Moya Asia R 0.2 100.074 words
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Article77 2016-01-07 12 BY CENTS CLOSE DOWN 52w high/low SPDR S&P500 US$ ***** -318.0 -1.1 *****/***** DBXT Nifty50 ETF10 ***** -244.9 -1.4 *****/***** DBXT E50 US$ 4392 -179.1 -2.8 5300/4350 DBXT MSKorea US$ 4889 -164.7 -2.3 6246/4478 DBXT ASX200 US$ 3200 -136.1 -2.9 3908/3112 BY PERCENTAGE CLOSE DOWN 52w high/low GLP MBeCW*****177 words
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BROKERS’ TAKE
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Article121 2016-01-07 12 UOB Kay Hian, Jan 6 Strategy buy SATS and Singapore Airlines (SIA) on weakness. SATS remains our top pick within the Singapore aviation space and we expect the stock to generate 17 per cent returns (net of dividend) for 2016. Catalysts are improved earnings from subsidiary TFK, cost121 words
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Article170 2016-01-07 12 SPH Reit Hold Jan 6 close: S$0.955 Target price:S$0.99 OCBC Investment Research, Jan 6 SPH Reit reported a steady set of Q1 FY2016 results which met our expectations. Gross revenue rose 2.9 per cent year on year to S$52.1 million, but distribution per unit was flat at 1.33 Singapore cents,170 words
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Article220 2016-01-07 12 Claire Huang - mm2 Asia Buy Compiled by Claire Huang Jan 6 close: S$0.79 Target price: S$1.05 DBS Group Research, Jan 5 mm2 Asia is riding on growing demand and support for local production and gaining traction overseas. It has a high margins business model, with new revenue streams to strengthen competitive edge220 words
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Article17 2016-01-07 12 DATA I Jan 7 (3am) US FOMC meeting minutes IJan 7 (9.30pm) US Initial Jobless Claims17 words
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477 2016-01-07 13 CURRENCIES REUTERS London CHINA’S yuan fell on Wednesday to its lowest since the 2010 opening of its offshore market, extending a slide that has unnerved global financial markets and sent currency investors rushing for the security of Japan’s yen. Big global banks forecast aREUTERS - 477 words
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FOREX RATES
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Article471 2016-01-07 13 Jan 6 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.999 4.654 0.662 5.506 47.391 98.792 0.843 8.507 3.110 1.068 74.477 33.402 1.018 11.166 0.717 23.594 25.729 0.485 0.710 Canada 1.001 4.659471 words
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Article155 2016-01-07 13 Jan 6 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0171 1.0180 0.7101 0.7106 Canadian dollar 1.0186 1.0188 0.7111 0.7111 Euro 1.5368 1.5372 1.0729 1.0730 NZ dollar 0.9524 0.9533 0.6649 0.6654 Sterling pound 2.0965 2.0973 1.4636 1.4640155 words
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Article22 2016-01-07 13 Jan 6 S$ Bid Offer 1-month 1.4340 1.4343 2-months 1.4352 1.4356 3-months 1.4363 1.4365 6-months 1.4397 1.4403 Source: OCBC22 words
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EQUITY BONDS WARRANTS FUTURES
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208 2016-01-07 13 Most active Jan 6 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left UOB MB eCW*****4 10.4 -0.8 4755 0.1 2030 6 CSC Holdings W*****9 0.4 unch 3854 1 1 8 3.25 59 Rowsley Ltd W*****3 2.8 -0.2 2163 1208 words
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377 2016-01-07 13 In local curr In S$ In US$ dy yr dy yr dy yr Jan 5 Index Change Change Change Change Change Change World Preliminary 1254.2 0.0 -1.8 -0.1 -1.5 -0.2 -2.1 EAFE Preliminary 990.5 0.1 -2.3 -0.2 -2.2 -0.3 -2.9 Europe Preliminary 1382.6 0.5 -2.1377 words
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Article398 2016-01-07 13 Jan 6 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jan16 *****.00 *****.00 9905.00 *****.00 *****6 *****7 Feb16 9852.50 *****.00 9797.50 9927.50 2045 2355 NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 *****4 *****5 Jun16 *****.00 *****.00 *****.00 *****.00 771 1417 MSCI TAIWAN398 words
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BANK RATES
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Article154 2016-01-07 13 Jan 6 $S Offer Bid 0vernight 0.10 Par 1-month 1.0 0.875 2-months 1.125 1.0 3-months 1.1875 1.0625 Overnight mode: N.A. US$ Offer Bid 7 days 0.45 0.35 1 month 0.48 0.38 2 months 0.65 0.45 3 months 0.75 0.55 6 months 0.95 0.75 9 months 1.10 0.90 12154 words
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Article69 2016-01-07 13 Jan 6 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.49 100.56 100.54 5-Year N*****0S 2.000 01-Jul-20 100.15 100.15 100.15 10-Year NX*****Z 2.375 01-Jun-25 98.7 98.95 98.60 15-Year NZ*****F 2.875 01-Sep-30 100.86 101.30 100.70 20-Year NZ*****V 3.375 01-Sep-33 107.3169 words
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AGRI METALS ENERGY
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Article250 2016-01-07 13 Jan-5 Price Net change change Last Trade Agricultural Jan-5 CBOT Soybeans (US cents/bu) 867.75 3.25 0.38% 14/01/2016 CBOT Soybean Oil (US cents/lb) 29.63 -0.30 -1.00% 14/01/2016 CBOT Wheat (US cents/bu) 461.25 3.00 0.65% 14/03/2016 Jan-5 LIFFE Cocoa (£/tonne) 2163.00 -46.00 -2.08% 14/03/2016 LIFFE Coffee (US$/tonne) 1465.00 -16.00 -1.08%250 words
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Article1683 2016-01-07 14 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld Net 153 131.5 AIMSAMP Cap Reit 135.5 -2 656 137 135 1 8.2 859.9 High 175.5 109 ARA Asset Mgmt 114 -4 1198 117.5 1131,683 words
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Article224 2016-01-07 14 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol ('000) High Day Low Div C'vr GrYld Net P/E MCap 35 10 t 3Cnergy 10.2 29.5 18 t CNMC Goldmine 18.8 unch 20 18.8 18.8 5.9 2.8224 words
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Article126 2016-01-07 14 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E 123.5 110.2 ABF SG Bond ETF 114.3xd +0.3 14 114.5 114.1 521.8 Last Sale vol 4258 2750 DBXT China50 US$ US2775 -51 4 2784 2775 7.6 Day 1750 1151 DBXT MSCHINA126 words
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Advertisement1040 2016-01-07 8 NOTICES LEY CHOON GROUP HOLDINGS LIMITED (Incorporated in Republic of Singapore) (Company Registration Number: *****0318G) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held on 22 January 2016 at 10 a.m. at No. 3 Sungei Kadut Drive, Singapore *****6,1,040 words
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Advertisement233 2016-01-07 10 300 \Ot> tV B0 cm r 0 m 2 rcM V ifjtjsr 6 r ■H LsP 1 4 Pillars to a Successful Leadership —-Yoo 500 t Need tips to get better workplace results from your team? f L2£® X, K I -&9- I wj Learn how to reach out to233 words
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Advertisement385 2016-01-07 11 INVEST in Cambodia! The fastest growing economy in South East Asia. GUARANTEED 40% RETURNS OVER 5 YEARS* FREEHOLD S K Y L A R CASA BY M R I D IA N Y MERIDIAN I s! IS i—Li Asset Management by: I Eli EL -a SOMERS El—iLJ —LJ iiB ht385 words
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Advertisement35 2016-01-07 11 AccountServe A Stone Forest Company Globally Connected RSM Need Help with XBRL Reporting? 24 Hrs turnaround time* reports since 8,000 Nov 2007 www.AccountServe.com.sg XBRL@AccountServe.com.sg T+65 6222 6868 CHINA: AN INSIDER’S PERSPECTIVE StrategicPartner: Organ i sers35 words
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Advertisement9 2016-01-07 12 For full listings of SGX prices, go to http://btd.sg/BTmkts9 words
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Advertisement79 2016-01-07 14 SGX== SGX StockFacts Access stock fundamentals of all SGX-listed companies to generate ideas that suit your investment appetite. Plug into sgx.com/stockfacts now. Singapore Exchange j P This advertisement has been published for general circulation only. It is not an offer solicitation to buy or sell, nor financial advice or recommendation79 words
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REAL ESTATE
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Article, Illustration902 2016-01-07 15 Market watchers note there has been heightened interest for these heritage properties from ultra high net worth investors and family funds Singapore THE value of shophouse transactions last year reached S$655.6 million, up 8 per cent from S$606.2 million in the previous902 words
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Article, Illustration377 2016-01-07 15 Shanghai CHINA’S Wanda Group will invest 15 billion yuan (S$3.3 billion) in hospital developments around the country, the property and investment firm said in a statement on Wednesday, tapping into a reform drive to give private firms a larger role in healthcare. ThePHOTO: AFP - 377 words
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496 2016-01-07 15 Lynette Khoo - By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore GUOCOLAND Limited has inked a pact with AccorHotels to manage the two new hotels in its mixed-use developments in Singapore and Malaysia. The 222-room Sofitel Singapore City Centre will be part of the group’s upcoming496 words
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366 2016-01-07 15 BLOOMBERG Singapore THE Hong Kong property market’s gravity-defying climb to records may be set for a reversal this year. Hong Kong is forecast to overtake Singapore as the weakest-performing luxury residential market, with prime property prices declining an estimated 5 per centBLOOMBERG - 366 words
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Article, Illustration782 2016-01-07 16 As sales volumes plunge in slow housing market, many agents are turning to private driving services BLOOMBERG Singapore WHEN Billy Loh started in 2008 as a property agent, his profession was seen as a route to wealth in Singapore. Now,BLOOMBERG; PHOTO: REUTERS - 782 words
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Article1356 2016-01-07 16 Property transactions for districts 1 to 28 with contract dates between Nov 25 and Dec 1,2015 PROJECT NAME/ STREET NAME PROP TYPE CONTRACT DATE TENURE BUILT-IN/LAND AREA*(SQ FT) PRICE (S$’000) PSF (S$) District 1 NON-LANDED The Clift Apt 27/11/2015 99 506 1025 2026 District 3 NON-LANDED Alex Residences Apt1,356 words
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471 2016-01-07 16 BLOOMBERG Stockholm THE Nordic property market could reach new heights this year as foreign investors continue to drive demand after 2015 delivered the highest transaction volumes ever. Pangea Property Partners, which tracks real estate transactions, estimates there were 905 dealsBLOOMBERG - 471 words
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Advertisement48 2016-01-07 15 rff essi° n Exp; Interest closing 2016 28 Jan 4pm Warehouse for Sale Tuas Techpark Floor Area: 60,000 sqft approx., Land Area: 85,000 sqft approx. •38 years lease remaining Business 2 Zoning Excellent Building Specifications Delia Yeo *****010 CEA: R*****2E Donald Goh ©9690 9541 lo L3t»9sisB CEA: R*****5B48 words
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Advertisement154 2016-01-07 15 f MESMERIC SHOPHOUSES ALONG SPOTTISWOODE PARK ROAD CUSHMAN II WAKEFIELD Estate Agents Licence No: L*****33E CONTIGUOUS UNITS OF FREEHOLD CONSERVED SHOPHOUSES WITHIN ‘BLAIR PLAIN CONSERVATION AREA’ Enjoys dual-frontage onto Blair Road and Spottiswoode Park Road Total Land Area: Approx. 7,203 sf Total Floor Area: Approx. 14,360 sf Zoned ‘Residential’ and154 words
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Advertisement31 2016-01-07 15 PAYA UBI INDUSTRIAL PARK LEASE SALE $1.30psf $310psf 200 to 7,500 sq ft Own parking space (not inclusive in listed area) onwards Tel: 9090 2222 Office: 53 Ubi Avenue 1 #01-1131 words
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Advertisement4992 2016-01-07 17 THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. If Noteholders (as defined below) are in doubt about any aspect of the Proposal (as defined below) and/or the action they should take, they should seek their own financial advice from their stockbroker, bank manager, solicitor, accountant or other4,992 words
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BANKING & FINANCE
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Article, Illustration701 2016-01-07 18 Some institutional investors are using them to instruct brokers, making it harder for regulators to monitor trades REUTERS Shanghai A GROWING number of China’s retail investors are opening trading accounts on messaging and social media app WeChat, and some institutional investorsREUTERS; PHOTO: REUTERS - 701 words
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552 2016-01-07 18 REUTERS New York WALL Street’s industry-funded watchdog is ramping up its scrutiny of high-frequency trading firms as efforts to manipulate US markets through the technology grow more sophisticated, the regulator’s chief said on Tuesday. The Financial Industry Regulatory AuthorityREUTERS - 552 words
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655 2016-01-07 18 The 2007 rule allowed ailing banks to show profit on its own distressed bonds NYT New York AN “Alice in Wonderland” accounting rule that allowed stressed banks to book huge gains simply because they were stressed has been overturned. TheNYT - 655 words
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Advertisement1747 2016-01-07 18 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices GDS GLOBAL LIMITED (Incorporated in the Republic of Singapore) Company Registration No: *****7895H NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of GDS GLOBAL LIMITED (the “Company”) will be held at 86 International Road, Singapore1,747 words
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Page 19 Advertisements
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Advertisement2675 2016-01-07 19 -\W Xpress XPRESS HOLDINGS LTD (Incorporated in the Republic of Singapore) (Company Registration Number: *****2058Z) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of Xpress Holdings Ltd (“the Company") will be held at 25 Tai Seng Avenue, #01-01 Scorpio East Building, Singapore *****4, on2,675 words
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Advertisement2273 2016-01-07 19 CASA HOLDINGS LIMITED CASA HOLDINGS LTD. (Incorporated in the Republic of Singapore) (Company Registration Number: *****6212Z) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 15 Kian Teck Crescent, Singapore *****4 on Friday 29 January 2016 at 10.002,273 words
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ENERGY & COMMODITIES
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Article, Illustration502 2016-01-07 20 BLOOMBERG Chicago EVEN after almost US$400 billion in oil company market value was wiped out by investors fleeing the crude rout, Pioneer Natural Resources Co is betting there’s ample demand for more shale-drilling shares. Pioneer plans toBLOOMBERG; PHOTO: BLOOMBERG - 502 words
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616 2016-01-07 20 In addition to political and religious issues, Middle Eastern powerhouses also clashing over market share AFP Paris ESCALATING diplomatic tensions between Iran and Saudi Arabia have added fresh strains on Opec’s unity as the cartel grapples with a common response to rock-bottomAFP - 616 words
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Article, Illustration612 2016-01-07 20 But API says Obama govt stifling oil and gas industry with regulations AFP Washington THE top US oil lobby said on Tuesday that the oil market’s muted response to the escalating crisis between Saudi Arabia and Iran shows US production has beenAFP; PHOTO: AFP - 612 words
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327 2016-01-07 20 REUTERS Kuala Lumpur MALAYSIA said that it will ban bauxite mining for three months starting Jan 15 due to concerns over its impact on the environment, in a move that could hurt stockpiles of the aluminium making ingredient in China. Malaysia’s bauxite miningREUTERS - 327 words
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Page 20 Advertisements
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Advertisement22 2016-01-07 20 A story about a box that holds big dreams for a little country. Now on sale at all major bookstores and www.stpressbooks.com.sg22 words
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Advertisement257 2016-01-07 20 Defining your trading plan with the winning formula Key Learning Points To ensure a winning trade, what is the ONE signal that you should look out for? How to create a trading strategy that brings you through this volatile market environment? Join Vito Henjoto as he shares insights on the257 words
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TECHNOLOGY
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Article, Illustration499 2016-01-07 21 AFP Washington TWITTER’S 140-character limit on tweets has long frustrated and challenged its most verbose users. Now the company could offer a solution, according to tech news website re/code: the 10,000 character tweet, which could be available as soon asAFP - 499 words
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623 2016-01-07 21 Tech giant will slash output by 30% in Jan-March quarter to clear inventory pile-up, says report REUTERS Taipei APPLE Inc is expected to cut production of its latest iPhone models by about 30 per cent in theREUTERS - 623 words
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Article, Illustration704 2016-01-07 21 AFP Las Vegas A BATTLE for the title of best new television opened on Tuesday at the Consumer Electronics Show (CES), with LG unveiling a new model no thicker than four stacked credit cards. The South Korean consumer electronics colossus opened a packedAFP; PHOTO: AFP - 704 words
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584 2016-01-07 21 NYT Hong Kong A FEW months ago, Satya Nadella, the chief executive of Microsoft, hosted a technology summit meeting at the company’s headquarters near Seattle with some of China’s most powerful political leaders. He smiled for a photo while flanked by Xi Jinping,NYT - 584 words
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Page 21 Advertisements
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Advertisement30 2016-01-07 21 SELL YOUR CAR BY BIDDING RECEIVE HIGHEST SELLING PRICE IN 1 WORKING DAY Call us now for a FREE Car Valuation 6744 7571 ONLINE BIDDING BYOVER 300 USEDCAR DEALERS! www.sgcarmart.com/quotz30 words
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Advertisement154 2016-01-07 21 THE BUSINESS TIMES NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF INDEX PRECISION INDUSTRIES PTE LTD (In Creditors' Voluntary Liquidation) Reg. No. *****8564E NOTICE OF RESOLUTION At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 8 Wilkie Road154 words
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CONSUMER
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583 2016-01-07 22 Greenpeace report may generate further distrust of the government’s ability to ensure a safe food supply REUTERS Beijing FARMERS are illegally growing genetically modified corn in China’s north-east, said environmental non-profit Greenpeace on Wednesday, in a report that may generate further distrustREUTERS - 583 words
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Article, Illustration1196 2016-01-07 22 NYT New York HERE is the surest way to enjoy the peace of mind that comes with having health insurance: Don’t get sick. The number of uninsured Americans has fallen by an estimated 15 million since 2013, thanks largely to theNYT; PHOTO: NYT - 1,196 words
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Article, Illustration614 2016-01-07 22 AFP Las Vegas FITBIT on Tuesday unveiled its “smart fitness watch”, aiming to get into the growing smartwatch segment with upgraded fitness tracking features. But the company’s share price plunged amid disappointment over its prospects for keeping pace with rivals like Apple Watch.AFP; PHOTO: AFP - 614 words
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458 2016-01-07 22 WP London THE British retailing landscape just shifted. Beset by competition from discounters and online encroachment from the likes of Amazon.com Inc, J Sainsbury chief Mike Coupe has decided that the best plan is to fight his way out ofWP - 458 words
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Page 22 Advertisements
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Advertisement33 2016-01-07 22 INDIA THROUGH HER EYES Singaporean Indophile Wei Fen Lee on her experiences in India MUMBAI PROPERTY: 2015 V 2016 GET YOUR COPY TOMORROW TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) OR NISHAL (*****438)33 words
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GOVERNMENT & ECONOMY
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600 2016-01-07 23 New orders for factory goods also down indicating that economic growth braked sharply in Q4 LATEST US DATA BLOOMBERG REUTERS Washington AMERICA’S trade deficit shrank in November as a decline in imports exceeded a drop in the value of shipments abroad.BLOOMBERG; REUTERS - 600 words
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465 2016-01-07 23 BLOOMBERG, REUTERS Frankfurt THE euro area has entered a year of solid economic growth that may see companies expanding capacity to meet increasing demand, Markit Economics said. A Purchasing Managers’ Index for manufacturing and services unexpectedly rose to 54.3 in December fromBLOOMBERG,; REUTERS - 465 words
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578 2016-01-07 23 Caixin’s gauge indicates an economy losing steam REUTERS, BLOOMBERG BLOOMBERG Beijing ACTIVITY in China’s services sector expanded at its slowest rate in 17 months in December, a private survey showed on Wednesday, in a further indication that the world’s second largest economyREUTERS, BLOOMBERG; BLOOMBERG - 578 words
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749 2016-01-07 23 BLOOMBERG Hong Kong CHINA may still be far from Jim Chanos’s infamous “treadmill to hell”, but its policy makers this year will find themselves running harder to stand still. That’s the take of analysts seeing a rising cost to the People’s BankBLOOMBERG - 749 words
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Article, Illustration580 2016-01-07 23 Anthony Rowley - Stronger yen threatens to derail Japan’s economic recovery By Anthony Rowley btworld@sph.com.sg Tokyo WHAT markets see as coded signals from the Bank of Japan (BOJ) that it intends to launch fresh monetary easing soon possibly as early as this month continued toPHOTO: AFP - 580 words
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Page 23 Advertisements
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Advertisement45 2016-01-07 23 Solar Energy Singapore We are seeking investors to develop Singapore's largest solar retailer. Startup company Solar Factory Outlet Pte Ltd supplies and installs affordable solar energy systems for homes and buildings. i Investors and buying 1 clients are welcome. Email to: solar@sfo.com.sg Call: 9117 954345 words
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TRANSPORT
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Article, Illustration603 2016-01-07 24 Pauline Ng - Airline prohibits check-in luggage on flights to Amsterdam, London and Paris because of headwinds then scraps restriction shortly afterwards By Pauline Ng btworld@sph.com.sg Kuala Lumpur IT may be privatised, have a new boss and assumed a new corporate entity, but Malaysia Airlines (MAS) continuesPHOTO: BLOOMBERG - 603 words
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579 2016-01-07 24 AFP Chicago US VEHICLE sales were set to smash records in 2015 as easy credit, hot new models and strong consumer confidence lured buyers to showrooms. General Motors, Ford, Fiat Chrysler and Toyota reported strong December sales on Tuesday and forecastAFP - 579 words
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307 2016-01-07 24 REUTERS Sydney SALES of new vehicles in Australia rose solidly in December to make 2015 a record-breaking year for the sector, a sign that consumers are confident enough to splash out on bigticket items. The Australian Federal Chamber of Automotive Industries’ VFACTS reportREUTERS - 307 words
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Article, Illustration657 2016-01-07 24 BLOOMBERG Mexico City IN Mexico’s red-hot domestic car market, even embattled Volkswagen AG is doing well. While the German carmaker’s annual sales were set to decline worldwide for the first time in 11 years after it admitted toBLOOMBERG; PHOTO: BLOOMBERG - 657 words
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Page 24 Advertisements
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Advertisement13 2016-01-07 24 a y www.omy.sg iiABB-ISM 0 0 "V 0 rs. SCAN&READ more eat.omy.sg V/l_13 words
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Advertisement22 2016-01-07 24 Credit card loans here hit by strong headwinds last year strong headwinds last year To subscribe, call 6388-3838 or go to sphsubscription.com.sg22 words
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Page 25 Advertisements
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Advertisement947 2016-01-07 25 Vessel Voy Sin Pusan Tarawa Honiara Santo Port Vila Noumea Lautoka Suva Nukualofa Apia Pago Pago Papeete Lae P. Moresby Townsville APL Columbus V010E 23 May 06 Jun 22 Jun 26 Jun 29 Jun 01 Jul 03 Jul 06 Jul 08 Jul 10 Jul 10 Jul 15 Jul APL Columbus947 words
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OPINION
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499 2016-01-07 26 EDITORIAL EVER since the Securities Investors Association (Singapore), or SIAS, was formed to aid retail investors cope with the withdrawal of Malaysian shares traded locally on Clob International back in 1998, it has struggled to fully convince a sceptical public about499 words
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Article, Illustration839 2016-01-07 26 Frank Ching - THE BOTTOM LINE By Frank Ching T The writer is a Hong Kong-based journalist and commentator. Follow him on Twitter: @FrankChing1 AS a new year begins, China has released plans for its military development, including a second aircraft carrier. At the same time, a military839 words
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Article, Illustration1370 2016-01-07 26 CHRIS MILLER - The countries most affected by US monetary policy have no say over its formulation. As one ex-treasury secretary put it, the dollar is “our currency, but your problem”. BY CHRIS MILLER problem”.BY CHRIS MILLER T The writer is associate director ofYALEGLOBAL ONLINE; PHOTO: AFP - 1,370 words
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765 2016-01-07 27 Nick Cunningham - COMMENTARY By Nick Cunningham OILPRICE.COM OIL prices jumped on the first trading day of 2016 as the tension in the Middle East outweighed a selloff in financial markets around the world. Oil markets remain oversupplied and depressed, but geopolitical flashpoints have aOILPRICE.COM - 765 words
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318 2016-01-07 27 S Kumar - LETTER TO THE EDITOR S Kumar I MUST laud the efforts of the Singapore Exchange (SGX) in implementing a sustainability reporting regime for listed companies in Singapore. In the general scheme of things, a sustainability report helps a company crystallise its response to the318 words
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Article, Illustration824 2016-01-07 27 Yogi Aggarwal - By Yogi Aggarwal TThe writer is a Mumbai-based journalist THE banking system in India faces a crisis as bad debts rise to unacceptable levels. Leading the pack of defaulters are large companies mainly in the infrastructure, steel and aviation sector.824 words
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Article, Illustration1268 2016-01-07 27 DENIS MACSHANE - Unless he changes his long-held beliefs, he could lose his perilous populist plebiscite on EU membership. membership.BY DENIS MACSHANE T The writer is a contributing editor at The Globalist and was the UK’s minister for Europe from 2002 to 2005. HePHOTO: REUTERS - 1,268 words
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LIFE & CULTURE
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Article, Illustration448 2016-01-07 28 Some of the bard’s most famous plays will be staged at The Globe in London AFP London SHAKESPEARE’S Globe Theatre in London is marking the 400th anniversary of the bard’s death with a “Wonder Season” of some of his most famous plays.AFP; PHOTO: ST FILE - 448 words
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565 2016-01-07 28 WP Washington WORRIED about losing your marbles when you get older? Chances are you’ve been bombarded with ads saying you can keep more of them just by playing simple brain games designed to keep your wits sharp as you age. But atWP - 565 words
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Article, Illustration945 2016-01-07 28 WP Washington WHETHER it’s Silicon Valley giants such as Facebook or relatively unknown firms such as Camden Property Trust, Fortune’s No 1 “Best Workplace for Diversity” last year, businesses around the world are scrambling to show they know it’s not okay to let whiteWP; REUTERS - 945 words
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Page 28 Miscellaneous
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Miscellaneous349 2016-01-07 28 CRYPTIC CROSSWORD Across 1 Bring fellow to eat out (5) 4 Place to put pens etc? (8) 10 Actor, one featured in musical (7) 11 Second book more than enough as illustration (7) 12 Way east’s cut off in disorderly retreat (4) 13 Fully developed road ultimately’s restricted (5) 14349 words
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