The Business Times, 10 June 2016
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2016-06-10
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The Business Times
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Title Section22 2016-06-10 1 THE BUSINESS TIMES S$1.20 A SINGAPORE PRESS HOLDINGS PUBLICATION www.businesstimes.com.sg @BusinessTimes CO REGN NO *****2868E MCI (P) 039/08/2015 Friday, June 10, 201622 words
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Article, Illustration276 2016-06-10 1 Incumbent insurer Aviva Singapore is tipped to be the frontrunner in the race to secure a group-employee benefits contract to provide coverage for the Singapore Armed Forces and the Ministry of Home Affairs. TOP STORIES 2 The Singapore government has been the target of some “very sophisticated” cyber276 words
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Article27 2016-06-10 1 Thursday Change STI 2,843.80 -18.58 KL COMP 1,650.51 -7.34 NIKKEI 225 16,668.41 -162.51 HANG SENG 21,297.88 -30.36 SHENZHEN B 1,088.43 -0.04 DOW (11.45AM EDT) 17,930.47 -74.5827 words
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806 2016-06-10 1 Kenneth Lim - Such bonds get bad rap for dilutive nature; but Advance Capital says fund takes on huge risks partnering issuers in dire straits By Kenneth Lim kenlim@sph.com.sg @KennethLimBT Singapore A FINANCIER that specialises in a controversial form of convertible financing has launched806 words
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1051 2016-06-10 1 Tan Hwee Hwee - It will be the yard’s first significant job this year, amid a rig-building slump and a collapse in oil prices By Tan Hwee Hwee hweetan@sph.com.sg @HweetanBT Singapore KEPPEL Fels, the rig-building arm of Keppel Corp, is close to clinching its first significant contract1,051 words
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Advertisement46 2016-06-10 1 8 "887 1 8 1 *****1 THE BUSINESS TIMES POETRY 2.0 Poetry isn’t confined to the printed page anymore. From Facebook verses to readings on MRT trains, poets and publishers are tapping social media and curated events to ramp up the literary scene BT LIFESTYLE 2346 words
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Advertisement27 2016-06-10 1 INVESTING IN VIETNAM Mapletree bags prime asset in Saigon CBD for over S$400m real estate /16 COMMENTARY Why gain PE exposure without PE returns? TOP STORIES 227 words
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Advertisement53 2016-06-10 1 SINGAPOREMYANMAR TIES Myanmar considering proposal for ‘stopover flights’ by Singapore carriers: PM Lee TOP STORIES 4 THE WEBER WORLD-VIEW The chairman of the world’s largest wealth manager, UBS, and former Bundesbank president Axel Weber talks about the key themes and risks that make an impact on markets and the banking53 words
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TOP STORIES
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549 2016-06-10 2 Claire Huang - The ministries will announce appointed insurer soon, for the provision of group-employee benefits By Claire Huang huangjy@sph.com.sg @ClaireHuangBT Singapore INCUMBENT insurer Aviva Singapore is tipped to be the frontrunner in the race to secure a multi-million-dollar group-employee benefits contract to provide549 words
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Article, Illustration936 2016-06-10 2 Kenneth Lim - Investors unfamiliar with PE market should consider alternatives to the new bond offered by Temasek fund COMMENTARY By Kenneth Lim kenlim@sph.com.sg @KennethLimBT THE buzz about a new kind of bond issued by a Temasek Holdings-controlled fund is that it has the potential to936 words
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Article, Illustration755 2016-06-10 2 Jacquelyn Cheok - B y Jacquelyn Cheok jaccheok@sph.com.sg @JacCheokBT Kuala Lumpur SPEAKERS at an Internet conference have predicted that innovations in e-commerce and logistics will shape the future of South-east Asian cities. Those who took the stage on Day 2755 words
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Article, Illustration651 2016-06-10 2 Andrea Soh - Output also up more than 10% but analysts say current margins are unsustainable By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore SINGAPORE’S refinery output grew by over 10 per cent last year as profit margins almost doubled, according to latest statistics by BP. AndSource: BP - 651 words
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Article, Illustration681 2016-06-10 4 Lee U-Wen - Singapore’s networks have been the target of sophisticated cyber attacks, and he warns that threats are becoming more severe By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Yangon THE Singapore government has been the target of some “very sophisticated” cyber attacks overPHOTO: LIANHE ZAOBAO - 681 words
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Article, Illustration622 2016-06-10 4 Lee U-Wen - SINGAPORE-MYANAMR TIES By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Yangon, Myanmar MYANMAR is considering Singapore’s proposal for the Republic’s carriers to make “stopover flights” in the country, said Prime Minister Lee Hsien Loong, even as he acknowledged the anxiety among itsPHOTO: REUTERS - 622 words
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519 2016-06-10 4 Lee U-Wen - By Lee U-Wen leeuwen@sph.com.sg @LeeUwenBT Yangon, Myanmar THE setting up of a vocational training institute in Myanmar is Singapore’s way of making a “meaningful” contribution to the country’s development and progress, said Acting Education Minister (Higher Education and Skills) Ong Ye Kung519 words
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405 2016-06-10 4 Aqil Luqman Nurhakim - By Aqil Luqman Nurhakim nluqman@sph.com.sg Singapore THE decision to separate Internet surfing from computers with access to the government’s internal networks was made in response to cyber security threats, said the Infocomm Development Authority of Singapore (IDA) and the Cyber Security Agency405 words
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Article, Illustration673 2016-06-10 5 Soon Weilun - Singapore should work hard in anticipating the challenges that disruption may bring, he adds By Soon Weilun soonwl@sph.com.sg @SoonWeilunBT Singapore ALL parties here should collaborate to harness the full potential that disruptive technologies may bring, so that economic restructuring can yield673 words
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Advertisement16 2016-06-10 2 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices16 words
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Advertisement19 2016-06-10 4 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices19 words
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Advertisement19 2016-06-10 5 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices19 words
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Advertisement272 2016-06-10 5 —I SCOTTS SQUARE THE NEW LOOK OF LUXURY ENDLESS SUMMER TREATS II 3 JUNE 3 JULY 2016 It’s time for a well-deserved break. Bask in the glow of summer at Scotts Square, and be rewarded as you indulge in the finer things in life. SHOP AND SHINE Receive $20 Pedder272 words
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COMPANIES & MARKETS
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881 2016-06-10 6 Jamie Lee - Bank sees sustained fall in ATM cash transactions and expects big boost for mobile wallet volume By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE cashless drive by DBS is bearing fruit. Singapore’s largest bank and biggest card issuer has seen a sustained decline in ATM881 words
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631 2016-06-10 6 Renald Yeo - By Renald Yeo yrenald@sph.com.sg Singapore PROPERTY developers from across the Causeway seem to have developed a taste for the Singapore bourse, with three of them having struck separate deals over a span of two short weeks for backdoor listings. Commenting on the631 words
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Article, Illustration554 2016-06-10 6 Lee Meixian - HOT STOCKS By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore LIKE a roller coaster, Best World International plunged on Thursday by a whopping 22.9 per cent or 31.5 cents, after hitting an all-time peak of S$1.39 on Tuesday. This, it arrived at after a steady shareSource: Bloomberg - 554 words
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Article, Illustration264 2016-06-10 6 Jamie Lee - By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore SHARES of Otto Marine jumped on Thursday, after executive chairman and controlling shareholder Yaw Chee Siew proposed a voluntary delisting that valued the offshore and marine player at about S$68 million. Mr Yaw, who owns 61.2 perSource: Bloomberg - 264 words
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898 2016-06-10 7 R SIVANITHY - HOCK LOCK SIEW BY R SIVANITHY THE stock market operates in mysterious ways, very often ignoring fundamentally sound stocks to the point that frustrated owners and major shareholders are driven to consider a takeover, privatisation or delisting,898 words
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302 2016-06-10 7 Jamie Lee - By Jamie Lee leejamie@sph.com.sg @JamieLeeBT Singapore THE manager of Ascendas Real Estate Investment Trust (A-Reit) on Thursday said the trust has agreed to sell A-Reit Jiashan Logistics Centre in China for S$26 million. This would translate to a gain of S$5.1302 words
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443 2016-06-10 7 BLOOMBERG London BLACKROCK Inc and some of the world’s other major asset managers are setting up funds focused on green bonds. The trick is finding enough of the debt to buy. BlackRock is developing green bond funds that would competeBLOOMBERG - 443 words
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Article, Illustration63 2016-06-10 8 STI Catalist Straits Times Index June 9,2016 2,843.80 -18.58 (-0.65%) Current streak 1 day Day high 2,881.92 Day low 2,843.80 52-week high 3,373.48 (July 20, 2015) 52-week low 2,532.70 (Jan 21, 2016) FTSE ST Catalist index June 9,2016 441.13 -5.98 (-1.34%) Current streak 1 day Day high 449.80 Day low63 words
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Article, Illustration614 2016-06-10 8 R Sivanithy - Weak Dow futures weak STI Retreat not surprising given that the local index has risen for five straight sessions before Thursday STOCKS By R Sivanithy sivan@sph.com.sg @RSivanithyBT THE closure of Hong Kong for the Dragon Boat Festival on Thursday meant traders here were solely reliant on the Dow futures forSource: Bloomberg - 614 words
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Article305 2016-06-10 8 Stock name Close Change Day high/low 52w high 52w low PE Div yield Mcap Ascendas Reit 234 unch 236/233 253 209 6.6 6166.6 CapitaCom Trust 141 -0.5 142.5/140.5 158.5 122.5 6.1 4168.4 CapitaLand 305 -4 312/303 358 267 12.2 3 *****.5 CapitaMall Trust 204 -1 206/204 224 184.5305 words
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Article35 2016-06-10 8 VOLUME AusGroup 95,446,100 Noble 57,027,200 Addvalue Tech 37,887,800 Yuuzoo 26,877,800 Ntegrator W*****3 26,020,500 Market volume 1,109,891,000 VALUE DBS Grp 145,342,549 Keppel Corp 61,966,634 Global Logistic 45,565,925 UOB 44,033,324 Singtel 40,084,035 Market value 907,372,00035 words
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Article76 2016-06-10 8 Jun 9 VALUE CLOSE BT OB/OS 168.00 -68.00 BT CADI -*****.00 -53.00 BT 10-day MA -*****.00 +17.00 FTSE ST Mid Cap 679.28 -1.46 FTSE ST Small Cap 396.82 -0.57 FTSE ST All Share 693.12 -3.36 FTSE ST China Top 163.23 FTSE ST China 191.45 +0.19 FTSE ST76 words
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Article, Illustration34 2016-06-10 8 STI FTSE ST All-Share FTSE ST All-Share index June 9,2016 693.12 -3.36 (-0.48%) Current streak 1 day Day high 700.10 Day low 693.12 52-week high 806.37 (July 20,2015) 52-week low 625.37 (Jan 21, 2016)34 words
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Article, Illustration33 2016-06-10 8 STI MSCI EAFE MSCI EAFE index June 8,2016 1,697.11 +4.04 (+0.24%) Current streak 4 days Day high 1,698.73 Day low 1,691.15 52-week high 1,922.70 (June 22, 2015) 52-week low 1,492.43 (Feb 12, 2016)33 words
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Article186 2016-06-10 8 MAIN CATL TOTAL Up Down Unch Up Down Unch Up Down Unch Multi Ind 3 7 5 0 1 0 3 8 5 Manufacturing 43 34 31 4 7 15 47 41 46 Commerce 18 18 14 4 7 5 22 25 19 Tpt/Stor/Comms 7 16 12186 words
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Article123 2016-06-10 8 VOLUME (‘000) VALUE (‘000) MAIN CATL TOTAL MAIN CATL TOTAL Multi Ind 23,018 115 23,133 90,449 21 90,470 Manufacturing 113,290 24,934 138,224 111,429 1,370 112,799 Commerce 86,845 66,484 153,329 53,205 2,451 55,656 Tpt/Stor/Comms 82,381 381 82,762 105,334 33 105,367 Finance 27,526 181 27,707 240,498 26 240,524 Construction123 words
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Article79 2016-06-10 8 BY CENTS CLOSE UP 52w high/low SPDR S&P500 US$ ***** 178.3 0.6 *****/***** DBXT DBLCI-OY US$ 2330 152.6 5.1 2500/1946 GLD US$ ***** 90.5 0.6 *****/***** DBXT MSEurope US$ 5519 54.0 0.7 6127/4770 DBXT MSKorea US$ 5421 32.4 0.4 5677/4478 BY PERCENTAGE CLOSE UP 52w high/low Memstar Tech 0.279 words
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Article71 2016-06-10 8 BY CENTS CLOSE DOWN 52w high/low DBS Bk 4.7% NCPS ***** -54.0 -0.5 *****/***** Best World 106 -31.5 -22.9 144.5/18 UOB 1874 -24.0 -1.3 2360/1680 Jardine C&C 3426 -19.0 -0.6 4520/2636 PSL 50 -18.0 -26.5 95/36 BY PERCENTAGE CLOSE DOWN 52w high/low Asian Micro 0.9 -55.0 -1.1 2.8/0.8 CompactMetal71 words
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Article82 2016-06-10 8 VOL CLOSE($) CHANGE Otto Marine 4,561.9 0.315 +0.085 +36.96 Teho Intl 186.1 0.084 +0.012 +16.67 Asian Micro 60.0 0.009 -0.011 -55.00 Brook Crompton 11.5 0.400 +0.060 +17.65 Alpha Energy 140.0 0.054 -0.011 -16.92 Novo 5.0 0.430 -0.020 -4.44 Versalink 76.5 0.151 -0.018 -10.65 Star Pharm 32.9 0.220 +0.02482 words
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BROKERS’ TAKE
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Article112 2016-06-10 8 Maybank Kim Eng Research, June 8 We see no major stock implications from the H2 2016 government land sales announcement. Residential land supply remains fairly tight and there is no direct competition to projects under development for the companies under our coverage. It appears that the government112 words
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Article110 2016-06-10 8 CIMB Research, June 8 We retain our expectation for private home prices to correct by 5 to 8 percent in 2016 versus -3.7 per cent in 2015. We think most of the negative news appear to be priced into the share prices. The sector is now trading at110 words
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Article233 2016-06-10 8 Cai Haoxiang - Compiled by Cai Haoxiang Target price: S$2.63 June 9 close: s$2.34 RHB Research, June 9 Ascendas Reit announced the divestment of its Jiashan Logistics Centre in Shanghai for 125 million yuan (S$26 million). Recall that the Reit secured its 57,513 sq m plot of land in March233 words
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Article111 2016-06-10 8 Fund Last sale +/-(‘000) Day high/low 52w high/low Buy/Sell Mcap STI ETF 289 -2 512 293/289 343/254 289/290 Nikko AM STI ETF 295 -2 201 298/295 347/259 294/296 7.1 DBXT MSPHILS US$ US211.1 -3.9 120 212/210.1 215/158.5 211.1/213.1 16.9 IS MS INDIA US$ US689 -8 107111 words
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391 2016-06-10 9 CURRENCIES REUTERS London A GRIM mood on global financial markets sent investors searching for the traditional security of the US dollar and yen on Thursday, driving both higher against a euro weakened by the prospect of prolonged low inflation and negativeREUTERS - 391 words
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FOREX RATES
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Article471 2016-06-10 9 Jun 9 A$ C$ Rmb Euro HK$ Ind Rs Rupiah Yen Won RM NZ$ Pak Rs Peso S$ Rand Sfr NT$ Baht Pound US$ Australia 0.947 4.882 0.654 5.774 49.644 98.722 0.791 8.607 3.008 1.045 77.654 34.266 1.005 11.059 0.714 23.974 26.157 0.514 0.744 Canada 1.056 5.157471 words
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Article153 2016-06-10 9 Against S$ Against US$ Currencies Bid Offer Bid Offer S$/US$ to one unit of foreign currency: Australian dollar 1.0047 1.0054 0.7438 0.7441 Canadian dollar 1.0614 1.0622 0.7861 0.7858 Euro 1.5372 1.5383 1.1381 1.1385 NZ dollar 0.9613 0.9623 0.7117 0.7122 Sterling pound 1.9532 1.9548 1.4461 1.4467 US dollar153 words
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Article21 2016-06-10 9 Jun9 S$ Bid Offer 1-month 1.3511 1.3516 2-months 1.3517 1.3523 3-months 1.3523 1.3529 6-months 1.3539 1.3547 Source: OCBC21 words
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EQUITY BONDS WARRANTS FUTURES
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205 2016-06-10 9 Jun 9 Prem Expiry Vol Conv Exer Disc Gear-Mths Company Last Sale +or-('000) Ratio Price ing Left Ntegrator Intl Ltd W*****3 0.4 0.1 ***** 1 1 3.50 29 Rowsley Ltd W*****3 0.4 unch 4737 1 18 4 STI 2800 MB ePW*****1 6.4 0.2 3490205 words
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377 2016-06-10 9 In local curr In S$ In US$ dy yr dy yr dy yr Jun 8 Index Change Change Change Change Change Change World Preliminary 1277.5 0.1 0.0 -0.2 -3.0 0.2 2.1 EAFE Preliminary 954.6 -0.1 -5.8 -0.2 -6.1 0.2 -1.1 Europe Preliminary 1356.7 -0.4 -4.0377 words
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Article388 2016-06-10 9 Jun 9 Jun 9 OPEN HIGH LOW SETT VOL OP/INT FTSE CHINA A50 INDEX FUTURES Jun16 9352.50 9362.50 9310.00 4791 *****3 Jul16 9197.50 9230.00 9197.50 63 3054 NIKKEI 225 INDEX FUTURES Jun16 *****.00 *****.00 *****.00 *****.00 ***** *****0 Sep16 *****.00 *****.00 *****.00 *****.00 ***** *****3 MSCI TAIWAN388 words
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BANK RATES
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Article154 2016-06-10 9 Jun 9 $S Offer Bid 0vernight 0.05 0.02 1-month 0.7500 0.6250 2-months 0.9375 0.8125 3-months 1.0000 0.8750 Overnight mode: 0.05 US$ Offer Bid 7 days 0.50 0.40 1 month 0.50 0.40 2 months 0.65 0.45 3 months 0.80 0.60 6 months 1.10 0.90 9 months 1.30 1.10 12154 words
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Article63 2016-06-10 9 Jun 9 GOVERNMENT BONDS Period Issue Coupon Maturity Close Day's code rate Bid High Low 2-Year N*****0T 0.500 01-Apr-18 99.27 5-Year NX*****X 2.250 01-Jun-21 103.74 103.87 103.58 10-Year NX*****F 2.125 01-Jun-26 101.32 101.30 101.20 15-Year NZ*****F 2.875 01-Sep-30 107.67 20-Year NZ*****V 3.375 01-Sep-33 114.93 114.95 114.30 30-Year NA*****H63 words
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AGRI METALS ENERGY
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Article250 2016-06-10 9 Jun-8 Price Net change change Last Trade Agricultural Jun-8 CBOT Soybeans (US cents/bu) 1177.75 36.50 3.20% 14/07/2016 CBOT Soybean Oil (US cents/lb) 32.89 0.60 1.86% 14/07/2016 CBOT Wheat (US cents/bu) 519.50 10.50 2.06% 14/07/2016 Jun-8 LIFFE Cocoa (£/tonne) 2253.00 -4.00 -0.18% 14/07/2016 LIFFE Coffee (US$/tonne) 1697.00 8.00 0.47%250 words
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457 2016-06-10 10 Andrea Soh - This will strengthen its position as third-largest peanut sheller in the US, says agri-commodities firm By Andrea Soh sandrea@sph.com.sg @AndreaSohBT Singapore OLAM International is buying another peanut sheller in the US, Brooks Peanut Company, for US$85 million. The purchase, coming after its acquisition457 words
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434 2016-06-10 10 Gladys Yeo - By Gladys Yeo gladyeo@sph.com.sg Singapore SINGAPORE topped the Mastercard Index of Financial Literacy for the first time in 2015 since the survey began in 2010, coming ahead of the 17 Asia-Pacific markets polled. With an overall score of 71.3 index points,434 words
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208 2016-06-10 10 Lee Meixian - By Lee Meixian leemx@sph.com.sg @LeeMeixianBT Singapore FILM and TV content producer mm2 Asia on Thursday said one of its investees, UnUsUal Pte Ltd, has appointed professionals to prepare for a listing on the Catalist board of the Singapore Exchange. It highlighted208 words
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Article1782 2016-06-10 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/Ep $mil Company Last Sale Vol ('000) High Day 151.5 127 AIMSAMP Cap Reit 137.5 -0.5 57 138 137 0.9 8.3 875.1 Div 170.7 101 ARA Asset Mgmt 141 -1 145 1431,782 words
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Article318 2016-06-10 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Company Sale +/-(’000) High Low C’vr P/E Last vol Day Div GrYld Net MCap 16.2 4.5 t Alliance Mineral 6.8 unch 5586 7 6.6 26.8 LOW 19.9 8.3 t Anchor Resources 10.7 +0.2 ***** 11.4 10.6 29.9 Sale318 words
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Article145 2016-06-10 11 52-Wk Last Vol Day Div GrYld Net MCap High Low Counter Sale +/-(’000) High Low C’vr P/E Counter Last Sale 957 700 CIMBASEAN40 US$ US843 +8 2 862 843 132.2 3957 2355 DBXT China50 US$ US2856 -4 2 2865 2856 7.9 362 190 DBXT MSBrazil US$ US316 +13145 words
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Advertisement65 2016-06-10 6 Have a question? Let ST's correspondents provide the answers Send your questions to askst@sph.com.sg THE STRAITS TIMES > 6 m answe www.straitstimes.com/askst .O Wo When will property prices stop falling? How much savings do 1 need to retire? L-& Lee Su Shyan, Business Editor Lorna Tan, Invest Editor Why can’t65 words
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Advertisement19 2016-06-10 6 Show Off Your Prize Bull Call 1800 289 8822 or e-mail notices@sph.com.sg to place your New CEO Announcement Notices19 words
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Advertisement397 2016-06-10 7 Qudta ITA LIANG In partnership with HSBC4X^ A'4 Savour the best of Italian dining with exclusive savings for HSBC credit and debit cardholders. RECEPTION Canapes Tartara di filetto di manzo, tartufo nero e crema di Cognac Beef Tartare, black truffle Cognac cream Mozzarella in carrozza Golden fried breaded mozzarella filled397 words
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Advertisement634 2016-06-10 10 IN THE MATTER OF SECTION 291 OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF ASIA ENERGY DEVELOPMENT PARTNERS PTE. LTD. (IN PROVISIONAL LIQUIDATION) (“the Company”) (Co. Reg. No: *****8509E) NOTICE OF APPOINTMENT OF PROVISIONAL LIQUIDATOR NOTICE IS HEREBY GIVEN that Mr. Assan Masood of MGI Accountants and634 words
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Advertisement43 2016-06-10 10 Receive runner’s entitlements worth over $400! Singapore’s firstwomen’s raceisback! DATE JULY 24 (SUNDAY) VENUE BAYFRONT EVENT SPACE TIME 6AM Early bird rates end June 20! www.shape.com.sg/ shaperun Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices43 words
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Advertisement71 2016-06-10 11 ON THIS OPPORTUNITY Reach out to investors and affluent readers in this Investor Information Page. Advertise at less than $5,800 per full colour ad (a special package for 4 leading newspaper titles The Straits Times, The Business Times, Lianhe Zaobao and The New Paper Sunday). Contact our Sales Team now!71 words
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BANKING & FINANCE
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860 2016-06-10 12 Big portfolio rebalancing and risk management challenges in shift from managing inflows to managing withdrawals REUTERS London HAVING gone from bumper cash inflows to redemptions in just two years, many sovereign wealth funds (SWFs) have been forced to shake up their investmentREUTERS - 860 words
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658 2016-06-10 12 Souring loans becoming a drag on earnings, even though energy is only a fraction of their business BLOOMBERG New York JAPANESE banks, known for the risk aversion that spared them the worst of the credit crisis, have quietly grown into some ofBLOOMBERG - 658 words
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Advertisement209 2016-06-10 12 n i J4* STJOBS v CAREER& DEVELOPMENT2016 IT’S ALL ABOUT a sS£ Iff! safety S f s i i; jiimiiijir L BRINGING OUT THE BEST IN YOU Look forward to an enriching job hunting experience at the fair, with greater opportunities for networking, career talks and learning development. .ji Sat209 words
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ENERGY & COMMODITIES
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Article, Illustration676 2016-06-10 13 Sales of the safe-haven metal have picked up significantly in the UK REUTERS London AT Sharps Pixley, a gold showroom in London’s smart Mayfair district, demand for bullion bars and coins is rising, with men and women of all ages buyingREUTERS; PHOTO: REUTERS - 676 words
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633 2016-06-10 13 Tenders postponed or cancelled in uncertainty over power mix after Joko boosts use of renewable energy REUTERS Jakarta SIX months after winning power, President Joko Widodo pledged to boost Indonesia’s electricity capacity by two-thirds by 2019 as Southeast Asia’s biggest economy battled persistentREUTERS - 633 words
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TECHNOLOGY
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Article, Illustration781 2016-06-10 14 They are cultivating talent within the groups that have been underrepresented at established US tech companies NYT Chicago MANY tech startups are in the business of making themselves successful. But some entrepreneurs have set up businesses with the express mission of training othersNYT; PHOTO: NYT - 781 words
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554 2016-06-10 14 NYT New York A REVOLUTIONARY technology known as “gene drive”, which for the first time gives humans the power to alter or perhaps eliminate entire populations of organisms in the wild, has stirred both excitement and fear since scientists proposed aNYT - 554 words
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Advertisement290 2016-06-10 14 THE STRAITS TIMES Subscribe to The Straits Times All-in-One package and stand to win a trip for two to anywhere in the world or a luxurious stay at Resorts World Sentosa a* -iiM. OR ONE WINNER FOR THIS PRIZE ■I S sir i ONE WINNER FOR EACH PRIZE Choose from290 words
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CONSUMER
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610 2016-06-10 15 Adidas is kitting out nine of the 24 teams at Euro 2016, Nike’s share is six and Puma’s behind five teams AFP Paris SPORTS equipment giants Adidas, Nike and Puma are pushing rivals out of the market at European Championship finals,AFP - 610 words
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Article, Illustration1084 2016-06-10 15 NYT New York ON the second floor of a classic cast-iron building in SoHo, just above the madding crowd, there is an airy loft, all cool cream tones and Pierre Paulin chairs, oversize art books, and Henri Cartier-Bresson prints. And along one wall isNYT; PHOTO: NYT - 1,084 words
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Advertisement423 2016-06-10 15 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF CALNE PTE. LTD. (In Members' Voluntary Liquidation) (Co. Reg. No. *****6594G) NOTICE OF RESOLUTION MEMBER'S RESOLUTIONS IN WRITING PURSUANT TO ARTICLE 69 OF THE ARTICLES OF ASSOCIATION OF CALNE PTE. LTD. IT WAS RESOLVED AS SPECIAL423 words
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Advertisement552 2016-06-10 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BIGMACHINES PTE. LTD. (Registration No. *****9350R) (In Member’s Voluntary Liquidation) NOTICE OF RESOLUTIONS [Pursuant to Section 290(2)(b)] An Extraordinary General Meeting of the Company deemed to have been convened pursuant to Section 179(6) of the Companies552 words
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Advertisement474 2016-06-10 15 Form 69(3) NOTICE OF INTENDED DIVIDEND TO PREFERENTIAL CREDITORS Name of Company Came Enterprises Pte. Ltd. (In Compulsory Liquidation) Singapore UEN No. *****3776Z Address of Former Registered Office 181 Thomson Road, Goldhill Centre, Singapore *****7 Court High Court of the Republic of Singapore Number of matter Companies Winding Up No.474 words
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REAL ESTATE
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Article, Illustration531 2016-06-10 16 Kalpana Rashiwala - Group still keen on more income-producing completed assets as well as development opportunities in Vietnam By Kalpana Rashiwala kalpana@sph.com.sg @KalpanaBT Singapore MAPLETREE Investments has bought Kumho Asiana Plaza Saigon, a completed mixed development in the heart of Ho Chi Minh531 words
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283 2016-06-10 16 REUTERS Wellington WESTPAC New Zealand and ANZ tightened lending to non-resident mortgage borrowers on Thursday, following the lead of their Australian parents, to reduce risk in New Zealand’s booming housing market. Westpac will no longer lend to non-resident borrowers paying offREUTERS - 283 words
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Article, Illustration324 2016-06-10 16 Singapore THE latest flash estimates data from SRX Property on the Housing Development Board resale flat market shows continuing price stability. SRX Property’s price index for HDB resale flats inched up 0.2 per cent in May 2016 over the preceding month. ThisPHOTO: JAMIE KOH/THE STRAITS TIMES - 324 words
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445 2016-06-10 16 Aqil Luqman Nurhakim - By Aqil Luqman Nurhakim nluqman@sph.com.sg Singapore AVERAGE prime retail rents in Singapore continued their downward trend in the second quarter, with those in Orchard Road falling by a bigger quantum than those of suburban malls, according to CBRE Research in a445 words
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731 2016-06-10 17 NISHA GOPALAN, ANDY MUKHERJEE - All it takes is for Tokyo to dial down its monetary stance and for real interest rates to rise back to the 3%-plus levels of 2010 and 2011. BY NISHA GOPALAN AND ANDY MUKHERJEE COMMENTARY BY NISHA GOPALAN, ANDY731 words
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367 2016-06-10 17 BLOOMBERG Seoul SOUTH Korean firms, led by one of Asia’s largest asset managers, are investing in hotels and office buildings abroad as low interest rates locally are driving them to seek better returns overseas. Their targets are hotels and buildings withBLOOMBERG - 367 words
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Page 16 Advertisements
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Advertisement228 2016-06-10 16 is .m 2 DERBYSHIRE ROAD Freehold 4-Storey Building Zoned Civic Community Institution Contact: Investment Properties Yap Hui Yee (CEA Reg No.: R*****5Z) Tel: 9852 3687/6224 8181 6 Battery Road #32-01 Singapore *****9 Site Area: Approx. 6,768 sq ft GFA: Approx. 8,742 sq ft Current Approved Use: Child Care Centre Kindergarten228 words
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Advertisement48 2016-06-10 16 “What I value about Fook Kwang’s writings is that he appreciates that things are seldom black and white, and that there is validity in the nonofficial or contrarian narrative.” SYLVIA LIM chairman of Workers’ Party and MP (Aljunied GRC). Now on sale at all major bookstores and www.stpressbooks.com.sg48 words
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Advertisement41 2016-06-10 16 TOP CLASS FROM MIDDLE CLASS Many Indian leaders of top firms have been shaped by their middle class upbringing Jharkhand girl who cycled24km to school daily graduates with distinction GET YOUR COPY TODAY TO ADVERTISE: CALL KALWANT (*****327) OR NISHAL (*****438)41 words
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Advertisement16 2016-06-10 16 Grow Your Stock Call 1800 289 8822 or e-mail notices@sph.com.sg to place your Mergers Acquisitions Notices16 words
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Page 17 Advertisements
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Advertisement668 2016-06-10 17 D10 HOUSE FOR SALE NASSIM Prime Good Class Bungalow (GCB) Nassim Vicinity. ***** sqft Majestically renovated. 5 rms. Inground pool. Park 5 cars. $2xM. Please call Julian 9100 0098 D15 HOUSE FOR SALE 1 SIGLAP VALLEY Brand New Bungalow 2.5 sty basement. Pool/ lift. 7+1+1 5360/ 8800 sf. Face South.668 words
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GOVERNMENT & ECONOMY
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737 2016-06-10 18 Anthony Rowley - Governor Kuroda maintains QQE and negative interest rates have had their intended impact on both the financial market and Japan’s real economy By Anthony Rowley btworld@sph.com.sg Tokyo BANK of Japan (BOJ) deputy governor Horoshi Nakaso indicated on Thursday that the central bank737 words
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Article, Illustration374 2016-06-10 18 WP London MILLENNIALS, according to much conventional wisdom, are lazy, self-cen-tred narcissists who habitually wait till the absolute last minute to finish anything that is important but boring. And in Britain, part of that stereotype may not be too far off theWP; PHOTO: BLOOMBERG - 374 words
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456 2016-06-10 18 REUTERS Tokyo JAPAN’S core machinery orders tumbled in April by the most in two years, partly due to earthquakes in a southern manufacturing hub but raising the risk that business investment will remain weak for most of the year.REUTERS - 456 words
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505 2016-06-10 18 Central bank seen keeping policy on easing bias, but with rate cuts less likely REUTERS Beijing DEFLATIONARY pressures in China eased further in May, relieving some pressure on cash-strapped companies, but consumer inflation was cooler than expected, suggesting the central bankREUTERS - 505 words
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1006 2016-06-10 18 BLOOMBERG Canberra THE China boom came to Tasmania the moment model Zhang Xinyu posted a selfie from Shanghai cuddling a lavender-stuffed teddy bear named Bobbie made at Robert Ravens’ farm. The picture went viral, creating so much interest in the bearsBLOOMBERG - 1,006 words
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TRANSPORT
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Article, Illustration953 2016-06-10 19 The restructuring could cost tens of thousands of workers their jobs BLOOMBERG Singapore THE world’s three biggest shipyards, battered by the deepest industry slump in at least two decades, are getting a helping hand from the state. South Korea’s government is at the forefrontBLOOMBERG; PHOTO: AFP - 953 words
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392 2016-06-10 19 REUTERS San Francisco XPRESSWEST, the private company proposing to build a high-speed rail line between Las Vegas and Los Angeles, announced Wednesday that it had terminated its joint venture with China Railway International, less than nine months after the dealREUTERS - 392 words
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733 2016-06-10 19 BLOOMBERG Lagos INTERNATIONAL carriers may follow the example of United Airlines and Iberia and halt operations in Nigeria, or cut flights as they struggle to move revenue out of the country because the oil-price slump has depleted the West AfricanBLOOMBERG - 733 words
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Page 19 Advertisements
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OPINION
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564 2016-06-10 20 EDITORIAL THE government’s decision to form the Info-communica-tions Media Development Authority (IMDA) was based on the understanding that the info-comm technology and media sectors were converging and there was a need for one unified body to frame rules and regulations.564 words
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835 2016-06-10 20 Md Rizwanul Islam - THE BOTTOM LINE By Md Rizwanul Islam T The writer is an associate professor of law, BRAC University. THERE is no dearth of theories on the reasons for the failure of the Doha Round of Negotiations of the World Trade835 words
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Article, Illustration1463 2016-06-10 20 DALSON CHUNG - As water is used in the production of food, food wastage means water wastage too. And food wastage is the third biggest contributor to global carbon emissions. BY DALSON CHUNG emissions.BY DALSON CHUNG T The writer is managing director ofFILE PHOTO - 1,463 words
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752 2016-06-10 21 Brian Reading - COMMENTARY By Brian Reading T The writer is a member of the Official Monetary and Financial Institutions Forum advisory board and a former economic adviser to former prime minister Edward Heath. OMFIF IF THE Brexiteers win the June 23 referendum, weOMFIF - 752 words
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Article, Illustration2724 2016-06-10 21 Vikram Khanna - The chairman of the world’s largest wealth manager, UBS, and former Bundesbank president Axel Weber talks about the key themes and risks that make an impact on markets and the banking industry. These are excerpts from the conversation: By Vikram Khanna Associate Editor vikram@sph.com.sg On the potential2,724 words
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Page 22 Advertisements
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Advertisement2030 2016-06-10 22 THE BUSINESS TIMES V’-a-'V Shipping times 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 PKL KUC KK JKT SUR COSMIC ACE 010 100 29/6 1/7 3/7 5/7 POSITIVE STAR 116 1002,030 words
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Advertisement245 2016-06-10 22 ENG LEE SHIPPING CO PTE LTD Tel: *****222 (10 Lines) Fax: *****174/*****960 Website: www.englee.com.sg/Email: marketing@englee.com.sg CR No: **********0C REGULAR FEEDER SERVICES TO INDONESIAN (DE1) VESSEL VOY SIN ETA SIN ETD DESTINATION FREQUENCY Marco Polo 148 BST304 11/06/2016 12/06/2016 Buatan/Buatan DAILY Marco Polo 122 BST071 12/06/2016 13/06/2016 Buatan/Buatan DAILY Marco Polo245 words
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BT Lifestyle
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Article, Illustration1696 2016-06-10 23 TAN TECK HENG - Poetry isn’t confined to the printed page anymore. From Facebook verses to readings on MRT trains, poets and publishers are tapping social media and curated events to ramp up the literary scene. BY TAN TECK HENG scene.BY TAN TECK HENG thtan@sph.com.sg JOSHUA Ip is an office worker byPHOTO: ELLIOT WONG; PHOTOS: BOOKSACTUALLY, ETHOS BOOKS, POETRY.SG; PHOTO: JON GRESHAM - 1,696 words
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Page 23 Advertisements
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Advertisement25 2016-06-10 23 CINEMA Conjuring up new tricks in horror 24 CITY LIFE BT writers’ picks of what to see, do or talk about/ 27 ifestyle BTLi estyle25 words
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ARTS/CINEMA
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Article, Illustration611 2016-06-10 24 TAN TECK HENG - Dakota Crescent’s denizens tell their stories in Drama Box’s latest project, as they prepare to be evicted from their homes. BY TAN TECK HENG homes.BY TAN TECK HENG thtan@sph.com.sg SINCE Dakota Crescent’s redevelopment was announced in 2014, whatever furore it created has since dwindled to a handfulPHOTOS: THE POND PHOTOGRAPHY - 611 words
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Article, Illustration575 2016-06-10 24 Geoffrey Eu - By Geoffrey Eu Given the inherent differences between video games and motion pictures (the interactive nature of one medium versus the sit-and-watch nature of the other), turning a popular game into a decent movie while remaining true to the source material is575 words
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Article, Illustration540 2016-06-10 24 Dylan Tan - By dylantan@sph.com.sg Dylan Tan dylantan@sph.com.sg @DylanTanSYBT LEAVE it to James Wan to get his audience screaming faster and harder than a “hangry” plus-sized woman at a food court whose dinner tray has been prematurely snatched from her. After modest hits with Saw (2004) and540 words
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ARTS
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Article, Illustration1043 2016-06-10 25 CHEAH UI-HOON - A Singapore film that focuses on one of the most enigmatic figures in the Communist Party of Malaya turns to Hong Kong actor Tony Leung to help tell the story. BY CHEAH UI-HOON BY CHEAH UI-HOON uihoon@sph.com.sg CHIN Peng might be the face of1,043 words
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Article, Illustration656 2016-06-10 25 Cheah Ui-Hoon - By Cheah Ui-Hoon uihoon@sph.com.sg WEAVING, to Thai artist Santi Wangchuan, is more than just knotting and hand-joining threads together to create textile pieces. It’s a day-to-day lifestyle and the force which holds the family and community together. “It tiesPHOTO: SANTI WANGCHUAN AND YEO WORKSHOP, SINGAPORE. - 656 words
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Article, Illustration536 2016-06-10 25 Avanti Nim - By Avanti Nim avantin@sph.com.sg FOR lead actors Kyle Timson and Lindsay Dunn, being part of the Shrek The Musical world tour is like a childhood dream come true. The Dreamworks animation film on which the musical is based came out in 2001 when Timson and536 words
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Page 25 Miscellaneous
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Miscellaneous335 2016-06-10 25 CRYPTIC CROSSWORD Across 7 Serving American in pub is reasonable (7) 10 Importance of report (7) 11 Open in case of pecuniary hardship (7) 12 Sample to include old domestic appliance (7) 13 Warning heavy drinker after detailed damage (9) 15 Score century from the start in miserable game (5)335 words
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ARTS/MUSIC
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Article, Illustration901 2016-06-10 26 Sue-Ann Tan - Some 20 years after Singaporeans heard the people sing, will Cameron Mackintosh’s re-imagined version of Les Miserables still prove to be master of the house? BT Lifestyle speaks to the cast and reviews the show By suetan@sph.com.sg Sue-Ann Tan suetan@sph.com.sg FOR the pastPHOTOS: MATTHEW MURPHY, MICHAEL LE POER TRENCH - 901 words
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Article, Illustration632 2016-06-10 26 Sue-Ann Tan - By Sue-Ann Tan suetan@sph.com.sg YOU don’t need to be a jazz fan to be familiar with the works of Jeremy Monteiro. The “King of Swing” is everywhere composing national songs, releasing countless albums and even playing the keyboard for Simon Garfunkel over an illustrious632 words
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Article, Illustration478 2016-06-10 26 Helmi Yusof - By Helmi Yusof helmi@sph.com.sg @HelmiBT WHEN Patrice Tipoki, a lovely sing-er-actress, starts to sing I Dreamed A Dream in the new staging of Les Miserables, it feels as if the whole world has stopped spinning. Tipoki’s light, clear and powerful voice delivers the song with incandescentPHOTO: MATTHEW MURPHY - 478 words
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Article, Illustration480 2016-06-10 26 Dylan Tan - By Dylan Tan dylantan@sph.com.sg @DylanTanSYBT THERE are a couple of things you would never have guessed about Damien Rice from listening to him pour his heart out in the gut-wrench-ing ballads on his albums. On stage in front of a packed The480 words
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CITY LIFE
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Article, Illustration787 2016-06-10 27 Beerfest Asia 2016 offers more than 500 varieties of both craft and commercial beer, as well as hard liquor. BY AVANTI NIM avantin@sph.com.sg YES, you would expect to find beer at a beer festival. But unlike most other such events, Beerfest Asia 2016, inPHOTO: JONATHAN WONG; PHOTOS: BEERFEST ASIA - 787 words
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CITY BUZZ BT writers' picks of what to see, do or talk about
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Article, Illustration300 2016-06-10 27 Dylan Tan - By Dylan Tan INDEPENDENT luxury Swiss watchmaker Breitling, in partnership with The Hour Glass, has transformed an area in the atrium of Paragon shopping centre into a stealth aeroplane hangar for an exhibition to mark the South-east Asia debut of the Avenger Hurricane.300 words
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Article, Illustration208 2016-06-10 27 Tay Suan Chiang - TALK By Tay Suan Chiang Find out what makes graphic designers tick at HELLO 2016, a design-centric talk featuring the founders of three prominent graphic design studios. Barcelona’s Hey Studio’s founders Veronica Fuerte and Ricardo Jorge, together with Singapore’s Theseus Chan from Work and Pann Lim from Kinetic,208 words
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Article, Illustration257 2016-06-10 27 Dylan Tan - THEATRE By Dylan Tan A MUI Live! returns to Singapore for a second encore this month. It has had six re-runs in Hong Kong and also opened in Malaysia and Canada. Produced, scripted, and directed by veteran Hong Kong filmmaker Clifton Ko, the musical is based on257 words
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Article, Illustration220 2016-06-10 27 Cheah Ui-Hoon - EXHIBITION By Cheah Ui-Hoon FOR four days only, check out the showcase of 47 museum-quality artworks representing the Nanyang Style dated since the 1930s by pioneer artists such as Yong Mun Sen, Chen Wen Hsi, Chia Yu Chian, Chia Hui Chian whose Morning Market is shown220 words
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Article, Illustration242 2016-06-10 27 Tay Suan Chiang - EXHIBITION By Tay Suan Chiang A SHOPPING mall is an unlikely space for an art exhibition, but there is a reason why The Wormhole, conceptualised by art and design studio aheeoee, is at Liang Court. Using a fictional narrative to establish the grounds for an art exhibition, accompanied242 words
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WINE
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Article, Illustration1146 2016-06-10 28 N K YONG - This white wine, with its sheer power, incredible intensity, refined richness combined with complexity, and amazing freshness, has a tendency to overwhelm. By N K YONG overwhelm.By N K YONG NAMING a favourite wine is a tough call. Romanee-Conti and Musigny among red burgundies; Châteaux Lafite, Latour,1,146 words
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Page 28 Advertisements
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Advertisement176 2016-06-10 28 COUNTDOWN COMPLETE. NOW IS AN EVEN BETTER TIME FOR BEST VALUE PERFORMANCE. WITH PRICES HELD DESPITE THE COE HIKE, YOU CAN NOW OWN A BMW AT AN EXCLUSIVE PRICE*. There’s never been a more opportune time to own a BMW. Do not miss the chance to drive one home at176 words
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