The Business Times, 12 February 2016
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2016-02-12
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The Business Times
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Title Section22 2016-02-12 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 Friday, February 12, 201622 words
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Article25 2016-02-12 1 Thursday Change STI 2,538.28 -43.82 KL COMP 1,643.95 -0.46 NIKKEI 225 CLOSED HANG SENG 18.545.80 -742.37 SHENZHEN B CLOSED Dow (10.45 EST) 15,638.95 -275.7925 words
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Article, Illustration208 2016-02-12 1 The yen continued its climb against the US dollar and other currencies on Thursday, underlining what dealers say is growing evidence that it has become a first-choice haven amid global financial turbulence.TOP STORIES 2 Malaysia’s industrial production index rose 2.7 per cent in December, supported by growth in208 words
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Article, Illustration1370 2016-02-12 1 Jacquelyn Cheok - More companies realising that if they don’t create the forces which will disrupt their existing business, others will By Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Singapore BUSINESSES should sit up and take a good, hard look at the “disruption” coming toBTGraphics: Jacquelyn Cheok, Gladys Lam; Source: Leading Edge Forum, TechCrunch, CB Insights, Pitchbook, BI Intellgence, Forbes - 1,370 words
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Article, Illustration709 2016-02-12 1 Lee Meixian - By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore NATIONAL Development Minister Lawrence Wong says construction productivity grants may not be always available. Speaking to reporters at the site of Crowne Plaza Changi Airport's new 10-storey extension on Thursday, he said: “We see the grants as a very709 words
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Page 1 Advertisements
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Advertisement50 2016-02-12 1 8 "*****1 *****4 THE BUSINESS TIMES earner, sg Cartier CLE DE CARTIER MANUFACTURE MOVEMENT 1847 MC I ff IhI I SINGAPORE Takashimaya S.C.- ION Orchard Marina Bay Sands Tel: 6732 0181 MALAYSIA Suria KLCC, Kuala Lumpur Tel: (603) 2303 5088 > xn -v CARTl L 4 s N r k50 words
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Advertisement33 2016-02-12 1 HOCK LOCK SIEW An IPO elsewhere is not always a big loss for SGX COMPANIES MARKETS 5 SINGAPORE PROPERTY Private home buying by foreigners set to slow again this year top stories 433 words
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Advertisement10 2016-02-12 1 COSMOPOLITAN CREATIVES Young Singapore artists without borders BT LIFESTYLE 2610 words
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TOP STORIES
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Article, Illustration612 2016-02-12 2 Anthony Rowley - The yen at one point hit a 15-month high of 112.50 to the US dollar in Sydney; Tokyo markets closed for a holiday NERVY MARKETS By Anthony Rowley btworld@sph.com.sg Tokyo THE yen continued its seemingly relentless climb against the dollar and other currenciesPHOTO: BLOOMBERG - 612 words
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450 2016-02-12 2 AFP London WORLD stocks slumped on Thursday, gripped by another fierce selloff after a warning by Federal Reserve boss Janet Yellen over the global economy, while oil fell close to 12-year lows. The Dow continued its overnight fall in early tradeAFP - 450 words
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464 2016-02-12 2 Kelly Tay - By Kelly Tay kellytay@sph.com.sg @KellyTayBT Singapore GOLD climbed beyond US$1,200 an ounce on Thursday spiking to its highest level in over eight months after US Federal Reserve chair Janet Yellen indicated that further in-terest-rate increases could be delayed should the tumult in464 words
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559 2016-02-12 2 BLOOMBERG Hong Kong HONG Kong stocks fell on Thursday in their worst start to a Chinese New Year since 1994 as a global equity rout deepened amid concern over the strength of the world economy. The Hang Seng Index slumped 3.9 perBLOOMBERG - 559 words
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Article, Illustration485 2016-02-12 3 BLOOMBERG Washington CHRISTINE Lagarde is set to win a second term as managing director of the International Monetary Fund, after no candidates emerged to challenge her. IMF governors and executive directors had until 11:59pm New York time on WednesdayBLOOMBERG - 485 words
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Article, Illustration820 2016-02-12 3 BLOOMBERG Jakarta INDONESIAN President Joko Widodo will allow full foreign ownership in businesses from toll roads to cinemas, as he seeks to attract investment and create jobs after cutbacks by Ford Motor Co and Toshiba Corp. The government will also letBLOOMBERG - 820 words
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477 2016-02-12 3 Pauline Ng - But economists see slowing trend as sales value of manufacturing sector dips 1.2%, with declines registered by 42 of the 138 industries surveyed By Pauline Ng btworld@sph.com.sg Kuala Lumpur MALAYSIA’S industrial production index (IPI) rose 2.7 per cent last December from a year ago477 words
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Article, Illustration1332 2016-02-12 4 Kalpana Rashiwala - Purchases by non-PR foreigners down 22% in 2015 while Singaporean and PR buying improves By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore THE appetite for Singapore residential property among foreigners continues to diminish, depressed by higher purchase taxes and dim1,332 words
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Page 3 Advertisements
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Advertisement258 2016-02-12 3 a "V-*' v HEART TO HEART TALK Diagnosis Treatment Prevention Learn about your heart’s health and how to take better care of your heart. Led by Dr Michael Lim, internationally renowned Interventional cardiologist and regular contributor of “Health” articles featured in The Business Times Weekend every fortnight. Date: 20 th258 words
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Page 4 Advertisements
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Advertisement35 2016-02-12 4 BE DISCOVERED STEP FORTH AND SHOW YOUR BEST. CREATE AND SHAPE YOUR PORTFOLIO. With STJobs, your one-stop career portal, you'll be able to unleash your potential. ANGELINE FOO Team Lead 18 years of working experience35 words
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Advertisement17 2016-02-12 4 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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COMPANIES & MARKETS
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824 2016-02-12 5 ANITA GABRIEL - But it can do better to court quality firms with strong growth prospects HOCK LOCK SIEW BY ANITA GABRIEL anitag@sph.com.sg @AnitaGabrielBT Singapore FOURTEEN months ago an investment and financial education firm marked its debut on the Australian Stock Exchange,824 words
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304 2016-02-12 5 Lee Meixian - By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE Riady family’s Lippo Group on Thursday announced its first-ever investment into the financial technology (fintech) space with an initial injection of an undisclosed amount into Singapore-based start-up Call Levels. There are currently no plans for future injections,304 words
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296 2016-02-12 5 Tan Hwee Hwee - By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore THE High Court of Singapore will hear on Feb 19 an application filed by Singapore-listed Rotary Engineering to stay a lawsuit filed by Bahrainbased parties against the company over alleged breaches296 words
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Article, Illustration531 2016-02-12 5 Kenneth Lim - By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore METRO Holdings’ net profit fell 12.6 per cent in the third fiscal quarter on flat retail sales and lower contributions from associates, the department store operator and property developer announced on ThursdayFILE PHOTO - 531 words
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Article, Illustration388 2016-02-12 5 Melissa Tan - Foo Chek Heng told firm he is being probed for “possible offences” under the Securities and Futures Act HOT STOCK By Melissa Tan melissat@sph.com.sg @MelissaTanBT Singapore SHARES of penny stock Koyo International took another dive on Thursday, adding to their losses after the SingaporeSource: Bloomberg - 388 words
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Article, Illustration62 2016-02-12 6 STI Catalist Straits Times Index Feb 11,2016 2,538.28 -43.82 (-1.70%) Current streak 2 days Day high 2,572.01 Day low 2,537.11 52-week high 3,539.95 (Apr 15, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index Feb 11,2016 429.81 -2.43 (-0.56%) Current streak 2 days Day high 434.00 Day low62 words
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Article76 2016-02-12 6 BY CENTS CLOSE UP 52w high/low Lyxor ThaiSET US$ ***** 880.1 6.6 *****/9646 GLD US$ ***** 421.3 2.7 *****/***** DBXT MSMSIA US$ 1092 45.9 3.1 1411/990 Lyxor ChinaH US$ 1065 43.1 3.0 2055/999 DBXT E50 US$ 4035 40.3 0.7 5300/4006 BY PERCENTAGE CLOSE UP 52w high/low Infinio 0.4 300.076 words
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Article75 2016-02-12 6 BY CENTS CLOSE DOWN 52w high/low DBXT MSJAP US$ 4206 -527.0 -8.3 5277/4206 DBXT MSEurope US$ 4821 -307.3 -4.4 6300/4821 SPDR DJIA US$ ***** -216.9 -1.0 *****/***** DBXT MSKorea US$ 4710 -122.4 -1.8 6246/4478 IS MSCI SIN US$ 936 -107.1 -7.6 1306/936 BY PERCENTAGE CLOSE DOWN 52w high/low LifeBrandz75 words
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Article, Illustration646 2016-02-12 6 R Sivanithy - Weak oil prices, plunge in Hong Kong market and Dow futures take a toll on Singapore stocks STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT SINGTEL’S S$0.12 slide to S$3.54 ahead of its Q3 results on Friday accounted for 11 points of the total loss ofSource: Bloomberg - 646 words
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Article305 2016-02-12 6 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 231 -2 234/229 271 209 6.3 6067.8 CapitaLand 285 -5 290/284 379 267 10.4 3.2 *****.6 CapitaMall Trust 208 +1 210/206 228 184.5 5.4 7230.2 CityDev 680 -13 690/677 1095 661 8.2305 words
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Article35 2016-02-12 6 VOLUME Secura W*****5 46,202,500 LionGold 42,954,600 Singtel 42,218,400 Noble 34,982,700 Global Logistic 32,194,400 Market volume 998,839,000 VALUE Singtel 151,489,270 DBS Grp 102,203,572 Global Logistic 52,365,797 OCBC Bank 46,309,734 UOB 43,722,057 Market value 1,044,155,00035 words
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Article77 2016-02-12 6 Feb 11 VALUE CLOSE BT OB/OS -124.00 +17.00 BT CADI -*****.00 -132.00 BT 10-day MA -*****.00 -13.00 FTSE ST Mid Cap 629.61 -5.51 FTSE ST Small Cap 371.63 -2.58 FTSE ST All Share 629.66 -8.79 FTSE ST China Top 146.77 -2.79 FTSE ST China 174.97 -3.88 FTSE77 words
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Article, Illustration35 2016-02-12 6 STI FTSE ST All-Share ftse ST All-Share index Feb 11,2016 629.66 -8.79 (-1.38%) Current streak 2 days Day high 636.26 Day low 629.55 52-week high 847.98 (Apr 15, 2015) 52-week low 625.37 (Jan 21, 2016)35 words
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Article, Illustration33 2016-02-12 6 STI MSCI EAFE MSCI EAFE Index Feb 10,2016 1,512.30 -3.14 (-0.21%) Current streak 4 days Day high 1,524.58 Day low 1,497.36 52-week high 1,949.49 (May 15, 2015) 52-week low 1,512.30 (Feb 10, 2016)33 words
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Article186 2016-02-12 6 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 1 7 5 1 0 0 2 7 5 Manufacturing 21 50 25 3 5 10 24 55 35 Commerce 12 21 11 2 11 2 14 32 13 Tpt/Stor/Comms 8 20 7186 words
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Article107 2016-02-12 6 Most Active Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 256 -3 769 258/255 355/254 255/256 IS MS INDIA US$ US594 -14 251 608/590 838/590 591/592 74.3 GLD US$ US***** +303 82 *****/***** *****/***** *****/***** 60.4 Lyxor HSI US$ US226 -3 64 226/225 361/218107 words
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Article120 2016-02-12 6 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 24,596 162 24,758 70,506 26 70,532 Manufacturing 103,224 68,017 171,241 80,030 2,589 82,619 Commerce 73,776 30,233 104,009 101,017 639 101,656 Tpt/Stor/Comms 132,830 250 133,080 244,920 21 244,940 Finance 20,747 1 20,748 210,679 210,679 Construction 5,893120 words
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Article83 2016-02-12 6 VOL CLOSE($) CHANGE Ocean Sky Intl 95.2 0.109 +0.035 +47.30 Smartflex 440.2 0.215 -0.040 -15.69 Magnus Energy 13,815.8 0.004 +0.001 +33.33 Natural Cool 200.0 0.132 -0.023 -14.84 Adventus 8,533.1 0.010 +0.001 +11.11 LionGold 42,954.6 0.004 -0.001 -20.00 San Teh 60.0 0.200 -0.035 -14.89 CNMC Goldmine 1,104.9 0.225 +0.01583 words
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BROKERS’ TAKE
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Article157 2016-02-12 6 Singtel Buy Target price: Under review Feb 11 close: S$3.54 OCBC Investment Research, Feb 11 Singtel is due to post its Q3 FY2016 results on Feb 12 before market opens. We are expecting revenue to come in around S$4.4 billion, supported by still-strong handset sales and underlying net profit of157 words
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127 2016-02-12 6 Perennial Real Estate Holdings Buy Target price: S$1.32 Feb 11 close: S$0.865 DBS Group Research, Feb 10 PREH’s value lies in its global land bank located in China, Malaysia, and Ghana, where it has an attributable development pipeline of about five million sq ft of commercial, retail, hotel, and residential127 words
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Article149 2016-02-12 6 Cai Haoxiang - Croesus Retail Trust Buy Compiled by Compiled by Cai Haoxiang Target price: S$0.89 Feb 11 close: S$0.795 KGI Fraser Research, Feb 11 We like CRT due to the high dividend yield (FY 2016 forecast: about 9.2 per cent), while the strong yen boosts the book value (and potential dividends) in149 words
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470 2016-02-12 7 CURRENCIES REUTERS London THE yen jumped 2 per cent to its strongest level in 15 months against the US dollar on Thursday in another wave of global capital flows into the traditional security of Japan, raising expectations of official intervention toREUTERS - 470 words
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FOREX RATES
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Article471 2016-02-12 7 Feb 11 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.991 4.666 0.629 5.527 48.327 95.326 0.799 8.532 2.926 1.066 74.313 33.681 0.987 11.313 0.690 23.455 25.035 0.489 0.710 Canada 1.009 4.710471 words
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Article155 2016-02-12 7 Feb 11 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 0.9868 0.9876 0.7097 0.7099 Canadian dollar 0.9960 0.9968 0.7165 0.7163 Euro 1.5693 1.5708 1.1287 1.1291 NZ dollar 0.9257 0.9268 0.6658 0.6662 Sterling pound 2.0171 2.0188 1.4507 1.4511155 words
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Article22 2016-02-12 7 Feb 11 S$ Bid Offer 1-month 1.3910 1.3921 2-months 1.3918 1.3930 3-months 1.3925 1.3937 6-months 1.3952 1.3966 Source: OCBC22 words
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EQUITY BONDS WARRANTS FUTURES
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Article376 2016-02-12 7 Feb 11 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Feb16 0 *****4 Mar16 0 7618 NIKKEI 225 INDEX FUTURES Mar16 *****.00 *****.00 *****.00 *****.00 ***** *****4 Jun16 *****.00 *****.00 *****.00 *****.00 194 7359 MSCI TAIWAN INDEX FUTURES Feb16 0 *****8 Mar16 0 917376 words
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205 2016-02-12 7 Most active Feb 11 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Secura Group W*****5 2.6 -0.1 ***** 1 35 75 8.27 35 Second Chance Prop W*****4 0.1 unch ***** 1 40 *****.00 17 Rowsley Ltd W*****3 1.3 -0.1205 words
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377 2016-02-12 7 In local curr In S$ In US$ dy yr dy yr dy yr Feb 10 Index Change Change Change Change Change Change World Preliminary 1138.5 0.4 -10.9 0.1 -11.8 0.2 -10.3 EAFE Preliminary 877.1 0.2 -13.5 -0.3 -13.3 -0.2 -11.9 Europe Preliminary 1241.3 1.5 -12.1377 words
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BANK RATES
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Article154 2016-02-12 7 Feb 11 $S Offer Bid 0vernight 0.05 0.03 1-month 1.125 1.000 2-months 1.1875 1.0625 3-months 1.2500 1.1250 Overnight mode: N.A. US$ 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 1.00 0.80 9 months 1.20 1.00 12154 words
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Article67 2016-02-12 7 Feb 11 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0F 1.375 01-Oct-17 100.65 5-Year NX*****X 2.250 01-Jun-21 102.82 102.88 102.80 10-Year NX*****Z 2.375 01-Jun-25 103.37 103.60 103.25 15-Year NZ*****F 2.875 01-Sep-30 106.29 106.40 106.38 20-Year NZ*****V 3.375 01-Sep-33 113.77 113.60 113.4067 words
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AGRI METALS ENERGY
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Article246 2016-02-12 7 Feb-10 Price Net change change Last Trade Agricultural Feb-10 CBOT Soybeans (US cents/bu) 862.25 -1.00 -0.12% 14/03/2016 CBOT Soybean Oil (US cents/lb) 31.01 0.31 1.01% 14/03/2016 CBOT Wheat (US cents/bu) 461.25 3.75 0.82% 14/03/2016 Feb-10 LIFFE Cocoa (£/tonne) 2046.00 9.00 0.44% 14/03/2016 LIFFE Coffee (US$/tonne) 1392.00 5.00 0.36%246 words
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679 2016-02-12 8 Lee Meixian - Acquisition of two malls in Japan boosts income, but rights issue enlarges unit base; CFO says negative rates could be a boon for borrowing costs going forward By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore THE acquisition of two malls in Japan gave a lift679 words
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493 2016-02-12 8 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore ST Aerospace has expanded its aircraft interiors business with a centre at Seletar Aerospace Park to serve the growing fleet of private jets in the Asia-Pacific. The facility which is its second aircraft interiors493 words
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CORPORATE DIGEST
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Article184 2016-02-12 8 SAIZEN Real Estate Investment Trust (Reit) is cutting its interim distribution per unit by 8.7 per cent to 2.83 Singapore cents because of a weaker Japanese yen and a higher number of issued units. Total return attributable to unitholders fell 19.2 per cent to 369.4 million yen (S$4.6184 words
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Article235 2016-02-12 8 HEALTH Management International’s (HMI) net profit stayed flat in its second fiscal quarter as higher administrative costs and income tax expenses offset revenue growth. Net profit for the three months ended December 2015 gained one per cent to RM5.4 million (S$1.8 million), or 0.93 sen per share,235 words
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531 2016-02-12 9 IFR Singapore TRIKOMSEL administrators’ lowprofile move to recognise an intercompany claim has sparked protests from the financially troubled company’s bond investors. The administrators have recognised Trisatindo’s secured intercompany claim but have also rejected the claims of trustees representing bondholders on Trikomsel’s direct guaranteesIFR - 531 words
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613 2016-02-12 9 Tan Hwee Hwee - Contract for semisub off western Australia likely to be one of the largest floating production offerings this year By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore KEPPEL Fels, in a joint bid with McDermott of the US, is said to have613 words
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Article1581 2016-02-12 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Last Vol Day Div GrYld 153 127 AIMSAMP Cap Reit 131 +2 1048 131 129.5 1 8.5 832.3 MCap 175.5 101 ARA Asset Mgmt 103cd -2.5 535 104 102.5 1.71,581 words
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Article218 2016-02-12 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Company Last Sale Vol ('000) High Day Low Div C'vr GrYld Net P/E MCap 35 10 t 3Cnergy 10.1 29.5 16.7 t CNMC Goldmine 22.5 +1.5 1104 23.5 21 5.9 2.4218 words
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Article116 2016-02-12 10 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale vol 4258 2357 DBXT China50 US$ US2364 -35 51 2408 2357 6.5 Day 1750 996 DBXT MSCHINA US$ US1000 -61 56 1013 996 6246 4478 DBXT MSKorea US$116 words
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Advertisement109 2016-02-12 5 AccountServe A Stone Forest Company Need Help With Tax Forms and Filing Deadlines? 1 We Help Individuals. Expats and Small Businesses With Their Tate Matters: Income tax teturns and tax computations for individuals and partnerships Returns of e nployoes temuneration(FortffiR8A) and tax clearance < IR21) Corporate income tax computation and109 words
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Advertisement9 2016-02-12 6 For full listings of SGX prices, go to http://btd.sg/BTmkts9 words
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Advertisement1000 2016-02-12 8 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ADVANCE TANKERS PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) (Co. Reg. No: *****9507Z) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 471,000 words
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Advertisement1216 2016-02-12 8 *c ROESUS RETAIL TRUST (a business trust constituted on 7 May 2012 under the laws of the Republic of Singapore) Managed by Croesus Retail Asset Management Pte. Ltd. (Registration Number *****5175K) NOTICE OF BOOKS CLOSURE AND DISTRIBUTION PAYMENT DATE APPLICATION OF DISTRIBUTION REINVESTMENT PLAN TO THE DISTRIBUTION FOR THE PERIOD1,216 words
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Advertisement17 2016-02-12 8 Discover Greener Pastures Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Change of Address Notices17 words
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Advertisement190 2016-02-12 9 LOVE is transforming special days into tangible mementos! Turn digitised frontpage newspapers of your special days, such as your first date, first family holiday, or wedding anniversary, into unique gifts of love this Valentine's Day. Or if your loved one’s story has been featured, surprise them by making a gift190 words
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Advertisement2082 2016-02-12 9 NOTICES TOLL FREE 1800-289-8822 I Email notices@sph.com.sg I www.sphclass.com.sg/notices ut ecowise ecoworld better world ECOWISE HOLDINGS LIMITED Registration No.: *****9835C (Incorporated in Singapore) NOTICE IS HEREBY GIVEN that the 2016 Annual General Meeting of the shareholders of the Company will be held at 17 Kallang Junction. #04-03, Singapore *****4 on2,082 words
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Advertisement71 2016-02-12 10 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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REAL ESTATE
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485 2016-02-12 11 REUTERS London BRITISH property valuers reported a surge of activity on Thursday as property investors tried to beat an increase in transaction taxes on rental investments coming into force in April. Demand for housing remains buoyant, lifted by tightREUTERS - 485 words
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622 2016-02-12 11 Kalpana Rashiwala - One view is that prices this year have hit an inflection point; another is that overall prices have not bottomed out yet By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore A 0.6 PER CENT month-on-month increase in SRX Property’s flash estimate622 words
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726 2016-02-12 11 Lynette Khoo - By Lynette Khoo lynkhoo@sph.com.sg @LynetteKhooBT Singapore REAL estate markets in Asia will likely remain less appealing than those in the US and Europe this year, with Asia plagued by anaemic economic growth and waning rents and capital values726 words
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522 2016-02-12 11 BLOOMBERG New York KYLE Bass, the hedge fund manager who successfully bet against mortgages during the sub-prime crisis, said China’s banking system may see losses of more than four times those suffered by US banks in the last crisis. Should theBLOOMBERG - 522 words
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102 2016-02-12 11 Singapore REAL estate developer Frasers Centrepoint Ltd’s (FCL) Australian unit has bought a 135 hectare site in south-east Queensland that has an “end value of S$270 million”, the group said in a Singapore Exchange filing on Thursday. Frasers Property Australia acquired the102 words
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Advertisement15 2016-02-12 11 WWW my sg r i SCAN WATCH NOW more (a) eat.omy.sg 5 0S iv! 015 words
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Advertisement74 2016-02-12 11 FEBRUARY ISSUE OUT NOW! TOP HIPSTER TECH COMPANIES TO WORK FOR S I N G A P O R E FEBRUARY 2016 S$6.90 WWW.HARDWAREMAG.COM THE POWER TO DECIDE THE BIRTH OF ELITE 4K TVS DSLRS TAKING THE FIGHT TO MIRRORLESS WEARABLES: BEYOND SMARTWATCHES AND MORE IN THE COOLEST TECH FROM74 words
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Advertisement69 2016-02-12 11 REDEFINING IDEAS k printpack+sign 4 SINGAPORE’S PRINTING, PACKAGING SIGNAGE BUSINESS EXHIBITION 29 JUNE-1 JULY2016 Sands Expo Convention Centre, Marina Bay Sands, Singapore www.PrintPackSign.com LAUNCH NEW PRODUCTS SHOWCASE F LATEST INNOVATIONS r DEMONSTRATE CUTTING EDGE MACHINERY INTERESTED TO EXHIBIT? (65) 6848 5938 PrintPackSian@bizlink.com.sa Organised By: BIZUNK Exhibition Services Pte Ltd A69 words
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BANKING & FINANCE
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Article, Illustration697 2016-02-12 12 Employee backlash forces CEO to reverse decision on pay rises but hiring freeze remains in place BLOOMBERG, REUTERS London HSBC Holdings plc chief executive officer Stuart Gulliver cancelled a global pay freeze after less than two weeks following anBLOOMBERG,; REUTERS; PHOTO: BLOOMBERG - 697 words
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431 2016-02-12 12 BLOOMBERG Oslo NORWAY’S biggest political party says the country’s giant wealth fund needs to rethink its proposed entry into the US$20 trillion infrastructure market. “With what we’re seeing now with economic developments globally, and the short-term cost of that for Norway,BLOOMBERG - 431 words
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Article, Illustration687 2016-02-12 12 BLOOMBERG Paris SOCIETE Generale SA, France’s second largest bank by market value, posted fourth-quarter profit that missed analysts’ estimates as earnings at the investment bank fell and it set aside provisions for potential legal costs. Net income rose to 656BLOOMBERG; PHOTO: BLOOMBERG - 687 words
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814 2016-02-12 12 Investors feel pain as yields soar from 7.5% at start of year while shares plummet 40% in same period BLOOMBERG London WHEN European regulators created a new type of bank debt, the idea was to transfer risk from taxpayers toBLOOMBERG - 814 words
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Advertisement39 2016-02-12 12 INDIA’S FROGMAN Dr Biju is the ‘closest thing Indian herpetology has to a celebrity’ SINGAPORE FILM-MAKER K. RAJAGOPAL’S A YELLOW BIRD ALL SET TO FLY GET YOUR COPY TODAY TO ADVERTISE: CALL SHAN (*****861) KALWANT (*****327) OR NISHAL (*****438)39 words
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Advertisement27 2016-02-12 12 Same marriage, but different life? Savour lessons on life, love, loss in a new book by Alan John Now on sale at all major bookstores and www.stpressbooks.com.sg27 words
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ENERGY & COMMODITIES
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562 2016-02-12 13 Tan Hwee Hwee - By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore FRESH from wrapping up the purchase of two anchor handling tug supply vessels (AHTSs) from Pacific Richfield Marine (PRM), Berlitz Marine’s chief executive KM Chan said the pri-vately-owned outfit will continue to make use of the opportunity562 words
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600 2016-02-12 13 Tan Hwee Hwee - Indonesia’s revised local-content rules put Singapore’s O&M players in the running for subcontracting work By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore HUSKY-CNOOC Madura Limited (HCML) stands as among the first field operators this year to award a leased floating production contract,600 words
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672 2016-02-12 13 BLOOMBERG Seoul FUEL producers from India to South Korea are finding that rising refined products from China are cutting the profit margins that they have enjoyed from cheap oil to the lowest in more than a year. Worse mayBLOOMBERG - 672 words
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Page 13 Advertisements
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Advertisement117 2016-02-12 13 2016 WE HEARD YOU! MORE BOOTHS NOW AVAILABLE FOR EMPLOYERS STJobs Express 2016> f 4 A WHY PARTICIPATE? L 7* Reach out to more than 10,000 people over 2 days Let STJobs bring qualified candidates straight to your booth Meet and interact with potential candidates face to face u hr117 words
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TECHNOLOGY
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754 2016-02-12 14 Company’s prediction counters concern that corporate demand is slowing amid fears of weaker global economy BLOOMBERG San Francisco CISCO Systems Inc, whose equipment is the backbone of the Internet, predicted sales that may beat some analysts’ estimates, counteringBLOOMBERG - 754 words
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Article, Illustration1004 2016-02-12 14 BLOOMBERG San Francisco TWITTER Inc added no new users in the fourth quarter, confirming the fears of advertisers and investors that the social-media site is in trouble. The company has faced sharp criticism over slowing growth in its audience since itsBLOOMBERG; PHOTOS: REUTERS - 1,004 words
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429 2016-02-12 14 He contended that anti-colonialism has been an economic disaster for the country AFP San Francisco STAR Silicon Valley venture capitalist Marc Andreessen apologised on Wednesday for a tweet contending that anti-colonialism has been an economic disaster for India. The comment fired offAFP - 429 words
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Page 14 Advertisements
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Advertisement315 2016-02-12 14 The market forecast for 2016 seems gloomy? What is the market outlook and trends for 2016? Chinese stock market plunged, triggering the second daylong trading halt and sending share markets, currencies and oil prices lower as investors jitter across Asia. With so many uncertainties and unanswered questions, how can we315 words
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Advertisement47 2016-02-12 14 Have a BIG IDEA? Stand a chance to get over $30k of cash plus support for your business idea. V)u will be backed by Asia's leading media organisation, Silicon Valley's global accelerator and Singapore government's premier technology fund. Apply to our Programme today! http://sphplugandplay.com I PLUf spia47 words
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CONSUMER
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Article, Illustration546 2016-02-12 15 More progress seen for service when it’s added to new platforms like PlayStation and Xbox devices NYT New York HBO’s standalone video streaming service has attracted about 800,000 paying subscribers since starting last April, the premium cable network said on Wednesday the firstNYT; PHOTO: NYT - 546 words
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471 2016-02-12 15 Boost due to weak euro, champagne demand and recovery in Chinese market REUTERS Paris THE value of French wine and spirits exports reached an all-time high last year, mainly helped by a weak euro, strong demand for champagne and cognac and aREUTERS - 471 words
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373 2016-02-12 15 NYT London ASAHI Group Holdings of Japan has made a binding offer to buy the beer brands Peroni and Grolsch, as well as certain European operations of SABMiller, for 2.55 billion euros (S$3.93 billion). The deal, if consummated,NYT - 373 words
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Page 15 Advertisements
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Advertisement175 2016-02-12 15 CATCH TREZO’S AND BE THE FIRST TO TRY OUT BUZZDROP AND TREZOPAY! Kingston® A ffiSS 1 Kingston microSD 32GB Class 10 U1 IUJ SDC10/32GB *****-003.A00LF TAIWAN F© I I NOW SS3.90 trezo 0 0 Every weekday in Feb, we will be listing a Flash Deal at 10:30am. A push notification175 words
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GOVERNMENT & ECONOMY
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Article, Illustration394 2016-02-12 16 BLOOMBERG London INTERNATIONAL Monetary Fund director Jose Vinals said central banks will continue to push interest rates further below zero if policy makers decide that’s best for the economy. “They could go lower,” Mr Vinals, director of the IMF’s monetaryBLOOMBERG - 394 words
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Article, Illustration824 2016-02-12 16 Numbers in latest data release raise eyebrows among economists; wobbly economic recovery is on the cards BLOOMBERG Mumbai INDIA’S growth data is once again raising questions, and that signals trouble ahead for the world’s fastest-grow-ing major economy. This time theBLOOMBERG; PHOTO: BLOOMBERG - 824 words
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509 2016-02-12 16 REUTERS Stockholm SWEDEN’S central bank cut its main interest rate deeper into negative territory on Thursday and said it was ready to do more to revive inflation, fuelling a currency war even as its economy booms and concerns overREUTERS - 509 words
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779 2016-02-12 16 BLOOMBERG Brussels IF DAVID Cameron leaves next week’s European Union summit with a deal to overhaul the terms of Britain’s membership, many of his counterparts will breathe a sigh of relief and dig out their own wishlists. As populist and anti-EUBLOOMBERG - 779 words
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602 2016-02-12 16 REUTERS London UP TO US$700 billion of European stocks, including major banks, could be in the firing line as the slump in oil prompts some producer countries’ sovereign wealth funds to offload investments. Fund managers and investors say recent sharp sell-offsREUTERS - 602 words
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Page 16 Advertisements
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Advertisement32 2016-02-12 16 4 If you're looking for your dream condo complete with facilities, turn to the Print Classified Properties section. To advertise, call the Print Classified Hotline: 1800-289 9988. Want access to BBQ pits?32 words
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Page 17 Advertisements
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TRANSPORT
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716 2016-02-12 18 Violeta Bulc - COMMENTARY By Violeta Bulc T The writer is the European Commissioner for Transport AVIATION is a strong driver of growth, jobs, trade and mobility for the world’s economy. The European Union was one of the first markets to be fully deregulated716 words
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375 2016-02-12 18 Nisha Ramchandani - By Nisha Ramchandani nishar@sph.com.sg @Nisha_BT Singapore INDIA’S Jet Airways reported profits of US$71 million for the third quarter ended Dec 31, 2015 its third consecutive profitable quarter up from US$0.5 million a year ago, as it continues on its turnaround efforts.375 words
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Article, Illustration438 2016-02-12 18 REUTERS Brussels LEADING shipping container groups Maersk, MSC and 13 other firms have offered to change their pricing practices to settle an EU (European Union) antitrust probe and stave off any fines, three people familiar with the matter said onREUTERS; PHOTO: REUTERS - 438 words
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Article, Illustration550 2016-02-12 18 REUTERS San Francisco TESLA Motors Inc chief executive Elon Musk on Wednesday promised investors that the electric luxury car maker will start making money this year, sending the company’s shares up sharply despite a wider fourth-quarter loss. TeslaREUTERS; PHOTO: REUTERS - 550 words
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467 2016-02-12 18 AFP Paris WINDS bolstered by climate change will slow flights between North America and Europe, boosting fuel costs and carbon dioxide (CO2) emissions which caused the problem in the first place, researchers said on Wednesday. Climate change will speed up the jetAFP - 467 words
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278 2016-02-12 18 REUTERS New York A ROYAL Caribbean cruise ship battered by an Atlantic storm returned to its New Jersey port late on Wednesday, where the US Coast Guard plans to investigate what went wrong. The Coast Guard said in a statement it could conductREUTERS - 278 words
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Page 19 Advertisements
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Advertisement1134 2016-02-12 19 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 WHITE TOKIO 015 60 20/2 21/2 BRIGHT CORAL 009 40 60 25/2 26/2 29/2 2/3 POSITIVE PASSION 731,134 words
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Advertisement381 2016-02-12 19 C a i l a n E n n o r e J e d d a h B r i s b a n e Shanghai Chittagong Ho Chi Minh H o J e b e l A l i n g NYK RORO (ASIA) PTE. LTD. K o381 words
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Advertisement723 2016-02-12 19 WALLENIUS WILHELMSEN LOGISTICS Tel: (65) 6379 5066 Fax: (65) 6379 5106 Email: 2wsinenq@2wglobal.com website: http://www.2wglobal.com AUSTRALIA NEW ZEALAND TO ASIA VESSEL VOY AKL BNE PKL MEL FRE SIN SALOME FF607 30/01 03/02 05/02 07/02 11/02 18/02 TULANE FF609 10/02 14/02 06/02 03/02 28/02 TALISMAN FF610 17/02 19/02 21/02 27/02 05/03723 words
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OPINION
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605 2016-02-12 20 EDITORIAL DURING the first 11 days of February, the Japanese yen has soared by more than 7 per cent against the US dollar amid turmoil in global financial markets. This was not supposed to happen. On Jan 29, the governor605 words
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Article, Illustration1349 2016-02-12 20 ASIT K BISWAS; KRIS HARTLEY - They do not have the option to invest globally, and are therefore captive to unstable domestic property and stock markets. BY ASIT K BISWAS AND KRIS HARTLEY markets.BY ASIT K BISWAS AND KRIS HARTLEY T Prof Biswas is distinguished visiting professor at the LeePHOTO: AFP - 1,349 words
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Article, Illustration773 2016-02-12 20 Robert J Samuelson - THE BOTTOM LINE By Robert J Samuelson THE WASHINGTON POST WRITERS GROUP Washington YOU cannot understand the vulnerable state of the US and global economies and nervous stock markets without coming to grips with the crash of “emerg-ing-market” countries. Led by China, these are middle-income countriesTHE WASHINGTON POST WRITERS GROUP - 773 words
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998 2016-02-12 21 Sanchita Basu Das - COMMENTARY By Sanchita Basu Das TThe writer is fellow and lead researcher (economics) at the Asean Studies Centre and Coordinator of the Singapore Apec Study Centre, both based at the Iseas-Yusof Ishak Institute, Singapore THE leaders of the 10 Asean nations998 words
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361 2016-02-12 21 Denis Distant - LETTER TO THE EDITOR Denis Distant WHAT is the main objective of Singapore Exchange (SGX) in its long-drawn-out campaign to introduce a minimum trading price (MTP)? It is beginning to look like a battle with small retail investors who, in361 words
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Article, Illustration1100 2016-02-12 21 EDWARD CHANCELLOR - The retreat from globalisation occurred so rapidly in the 1930s because it built upon longstanding grievances about immigration, trade and capital flows. Similar resentments are evident today. BY EDWARD CHANCELLOR today.BY EDWARD CHANCELLOR REUTERS IS the international financial system on the vergeREUTERS - 1,100 words
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619 2016-02-12 21 Jussi Keppo - COMMENTARY By Jussi Keppo TThe writer is associate professor of Decisions Sciences at the National University of Singapore (NUS) Business School. This research was conducted with Min Dai at NUS and Tim Maull at University of Michigan TECH giant Yahoo announced619 words
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CITY LIFE
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Article, Illustration777 2016-02-12 22 AVANTI NIM - Ditch the expensive candlelight dinners this Valentine’s Day weekend and head for more affordable alternatives in the city. BY AVANTI NIM BY AVANTI NIM avantin@sph.com.sg IF the idea of coughing up big bucks this Valentine’s Day has you breaking out in a cold sweat and fervently wishing Cupid’sPHOTOS: BOOKS ACTUALLY, FILE - 777 words
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CITY BUZZ BT writers' picks of what to see, do or talk about
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Article, Illustration183 2016-02-12 22 Tay Suan Chiang - HEARTY FEASTING WITH ‘12 DISHES AT 12’ DINING By Tay Suan Chiang WHO doesn’t like a super deal? For the past year, Ah Hoi’s Kitchen at Hotel Jen Tanglin Singapore has been offering a 12 at 12 lunch menu from 12pm daily, you get 12 dishesPHOTO: JEN TANGLIN SINGAPORE - 183 words
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Article, Illustration165 2016-02-12 22 Rachel Loi - Lolla Lollapalooza Lunch Menus DINING By Rachel Loi SHENTONISTAS now have more lunch options to look forward to with Lolla and Lollapalooza introducing new lunch menus. Three-year-old Lolla’s weekly specials features a hearty tripe stew (S$28) on Mondays, oxtail with juicy porcini mushrooms (S$ 34) on Tuesdays, crab lasagna (S$39)PHOTOS: LOLLA - 165 words
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Article, Illustration139 2016-02-12 22 Helmi Yusof - ART year, By Helmi Yusof HYPERREALIST painter Keng Lye is incredibly popular with lovers of whimsical art. He creates three-dimensional works in which aquatic animals such as fish (right) and tortoises appear to be swimming inside coffee cups, bowls and other everyday receptacles. InspiredPHOTO: CHEOK KENG LYE - 139 words
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Article, Illustration156 2016-02-12 22 MOVIES SINGAPORE’S alternative cinema The Projector turns one-ish and ifetes its birthday with a bash this weekend. It will be going Transylvanian with a screening of the bloody hilarious “horror” mockumentary What We Do In The Shadows, about a couple of ancient vampire housemates struggling156 words
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Article, Illustration244 2016-02-12 22 CONCERT ONE of jazz’s best-selling artistes Diana Krall returns to Singapore for two intimate concerts. It’s the perfect chance for her fans to get up-close and personal with the multi-Grammy winner, who has nine gold, three platinum and seven multi-platinum albums to herFILE PHOTO - 244 words
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WINE/MUSIC
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Article, Illustration1192 2016-02-12 23 NK YONG - Wines from the Rioja region of Spain make for perfect festive pairings. BY NK YONG WINE BY NK YONG Looking for a couple of reds for the family’s traditional New Year’s Day lunch, with a menu of raw fish salad and noodles, I looked forPHOTOS: BLOOMBERG., NK YONG - 1,192 words
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Article, Illustration613 2016-02-12 23 Dylan Tan - MUSIC By Dylan Tan @DylanTanSYBT dylantan@sph.com.sg LIKE the Chinese zodiac, there are more than enough animals in Dawn Wong’s debut album Marco Lopo to fill a mini-zoo. They are all part of her song- writing craft and something which she has been doingPHOTO: ESPLANADE - 613 words
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Page 23 Miscellaneous
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Miscellaneous331 2016-02-12 23 CRYPTIC CROSSWORD Across 1 Congestion around street suffering high winds (3,6) 6 Sweetener for guards ordered to ignore source of danger (5) 9 Hint about European Union link (3,2) 10 Line adopted by new literary big guns (9) 11 Console jury, following prisoner and short internet abuser (7,5) 14 Caprice331 words
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ARTS/MUSIC
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Article, Illustration949 2016-02-12 24 CHEAH UI-HOON - The Beijing-based director finds a resonant Asian voice in the new staging. HUAYI 2016 FESTIVAL PREVIEWS BY CHEAH UI-HOON THE first time Huang Ying, director of Beijing-based Full Show Lane Theatre staged Macbeth, he used structures and forms taken from traditional ChinesePHOTO: THE ESPLANADE - 949 words
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Article, Illustration679 2016-02-12 24 Cheah Ui-Hoon - By Cheah Ui-Hoon uihoon@sph.com.sg ONE thing about Western classics is that the language is very precise, says Olivia Yan, co-artistic director of Hong Kong’s Dionysus Contemporary Theatre. Which makes translating the script the biggest challenge. Dionysus is currently presenting its second Western classic now,PHOTO: THE ESPLANADE - 679 words
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Article, Illustration1130 2016-02-12 24 Roslyn Sulcas - By Roslyn Sulcas NYT “NO questions?” Stephane Lissner, the general director of the Paris Opera, asked the 200 or so journalists assembled on Wednesday for the announcement of the Opera’s 2016-17 season. There was the briefest pause. “Well, thank you,”NYT; PHOTO: REUTERS - 1,130 words
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CINEMA
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Article, Illustration656 2016-02-12 25 GEOFFREY EU - Ryan Reynolds in Deadpool is the new clown prince of the superhero genre but the characterisation and plot lack heft. BY GEOFFREY EU SAYS the refreshingly brash, uncontrollably potty-mouth-ed and irritatingly smug mutant mercenary whose origins story bursts to glorious, mother-(expletive deleted) lifePHOTO: TWENTIETH CENTURY FOX - 656 words
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Article, Illustration552 2016-02-12 25 Dylan Tan - By Dylan Tan @DylanTanSYBT dylantan@sph.com.sg WITH its plot kept under wraps tighter than Liam Neeson shielding the identity of his secret girlfriend, one would have thought Stephen Chow’s latest film The Mermaid must be so bad the studio didn’t want fans or critics catching windPHOTO: SONY PICTURES - 552 words
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Article, Illustration741 2016-02-12 25 Laurence Thomann, Fiachra Gibbons - By Laurence Thomann, Fiachra Gibbons THE 1970s may have been the decade that fashion forgot, but Martin Scorsese believes that was because the world was too busy with drugs, sex and rock ’n’ roll to care. The acclaimed director has brought all thatPHOTO: AFP - 741 words
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Article, Illustration306 2016-02-12 25 Dylan Tan - By Dylan Tan @DylanTanSYBT dylantan@sph.com.sg BEFORE the music business was all about YouTube stars and digital downloads, it was a mad rock ’n’ roll circus where sex and drugs were part of the act for the larger-than-life musicians onPHOTO: HBO ASIA - 306 words
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BT Lifestyle
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Article, Illustration1696 2016-02-12 26 HELMI YUSOF - Young Singapore artists are not confined by geography. They work anywhere, seeking inspiration and experience in global cultural hubs. BT Lifestyle talks to three cosmopolitan creatives under-40 whose practices are as hard to define as they are. BY HELMI YUSOF BY HELMI YUSOF Visual artist Heman ChongPHOTOS: JEREMY TIANG; PHOTOS: NGUAN, ROCKBUND ART MUSEUM; PHOTO: KIMBERLY LIM - 1,696 words
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Page 26 Advertisements
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Advertisement26 2016-02-12 26 MUSIC Huayi 2016 festival previews of Macbeth and God of Carnage /24 CITY LIFE BT writers’ picks of what to see, do or talk about /2226 words
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